Hotchkis & Wiley Comments on Southern Company

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May 10, 2018

Southern Company (NYSE:SO) is a utility holding company with a history of constructive regulatory relationships and operational execution that has facilitated better than average ROEs on its regulated rate base. We believe it is an attractively valued stock supported by a stable business and a high dividend yield.

From Hotchkis & Wiley's Large Cap Value Fund 1st quarter commentary.