QUANTUMONLINE.COM SECURITY DESCRIPTION:  South Jersey Industries, Inc. 7.25% Equity Units, stated amount $50 per unit, initially consisting of Corporate Units which include a stock purchase contract and a 1/20 undivided beneficial ownership interest in $1,000 principal amount of South Jersey Industries, Inc. and, initially, a 1/20, or 5%, undivided beneficial ownership interest in $1,000 principal amount of 2018 Series A 3.70% Remarketable Junior Subordinated Notes due 4/15/2031. The stock purchase contract requires the holder to purchase for $50 a variable number of shares of South Jersey Industries, Inc. (NYSE: SJIU) common stock no later than 4/15/2021 and pays a contract adjustment rate of 3.55% per annum. The stock purchase settlement rate will be 1.4124 shares per unit if the then current market price is equal to or greater than $35.40 and 1.6949 shares per unit if the market price is equal to or less than $29.50. For market prices between those values the settlement rate will be $50 divided by the market value. Prior to the IPO of this security, the last reported sale price of the common stock on 4/18/2018 was $29.50 per share. The stock purchase contract may be settled any time at the holder’s option and the company will deliver 1.4124 shares of common stock for each purchase contract. The note is due 4/15/2031 and is subject to reset and remarketing to commence no earlier than 1/13/2021. The Corporate Units pay quarterly distributions of 7.25% ($3.625 per annum on 1/15, 4/15, 7/15 & 10/15 to holders of record on the record date that will be the first day of the calendar month prior to the payment date (NOTE: the ex-dividend date is at least one business day prior to the record date). The Issuer will have the right to defer interest payments on the Notes one or more times for one or more consecutive interest periods without giving rise to an event of default (see the prospectus for further information). Distributions paid by these securities are derived from interest paid on the underlying debt securities and therefore are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. The notes are pledged as collateral to secure the holder's obligations under the stock purchase contract. The holder has the right at any time to convert the Corporate Units to Treasury Units by the substitution of a specified zero-coupon U.S. Treasury security for the units and to later recreate Corporate Units. The units are unsecured subordinated debt and rank equally with the company's other unsecured subordinated notes. See the IPO prospectus for extensive additional information on the equity units and their mandatory conversion provisions by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Conversion Shares@Price	Distribution Dates	15% Tax Rate
NYSE Chart	7.25% $3.63	$50.00 $50.00	4/15/2021 4/15/2021	NF NR 4/04/2021	1.4124@$35.40+ 1.6949@$29.50-	1/15, 4/15, 7/15 & 10/15 Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

Company's Online Information Links

HOME PAGE:     https://www.sjindustries.com/
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Company's Online News Releases	Go to News Releases
Online Company Profile	Go to Online Profile

Company's Online SEC EDGAR Filings

Company's SEC EDGAR Filings

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Company's Email Address Links

Email Address

ckelly3@sjindustries.com

Address and Phone Numbers

Address:   1 South Jersey Plaza, Route 54, Folsom, NJ 08037
Main Phone Number	609-561-9000
Fax Number	609-561-8225
Investor Relations   Caroline Kelly	609-561-9000   Ext: 7075
Toll Free Phone Number	Unknown

CEO - Michael J. Renna

CFO - Steven R. Cocchi