SOJD Profile
Southern Company is an American gas and electric utility holding company headquartered in Atlanta, Georgia. The company is listed on the New York Stock Exchange under the symbol "SO".
SOJD is a junior subordinated debenture issued by Southern Company in 2020, with a coupon rate of 4.95% and a maturity date of September 1, 2070. As a junior subordinated debenture, SOJD is considered a type of hybrid security, with characteristics of both debt and equity.
According to Southern Company's most recent financial statements, the company had total assets of over $130 billion and total revenues of over $19 billion in 2020. The company's main subsidiaries include Alabama Power, Georgia Power, Gulf Power, and Mississippi Power.
Investors in SOJD should be aware that as a junior subordinated debenture, this security is considered to be a riskier investment than more senior debt securities issued by Southern Company. In the event of bankruptcy or other financial distress, holders of junior subordinated debt may be subject to greater losses than holders of more senior debt. Investors should carefully consider their risk tolerance and investment goals before investing in SOJD or any other securities.
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