Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 220

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 10
Chunk 220
---
’s

taxable year that ends

with or

within the taxable year of the

Electing Holder, regardless of

whether or not distributions were received by

the Electing Holder from the Company.

The Electing Holder’s adjusted tax basis in the common stock will

be

increased

to

reflect

amounts

included

in

the

Electing

Holder’s income.

Distributions received

by

an

Electing Holder that had been previously taxed will result in a corresponding reduction in

the adjusted tax

basis in

the common

stock and

will not

be taxed

again once

distributed. An Electing

Holder would

generally

recognize capital gain or loss on the sale, exchange or other disposition

of the common stock.

Taxation of U. S. Holders Making a Mark-to-Market Election

Alternatively,

if the

Company were

to be

treated as

a PFIC

for any

taxable year

and, as

anticipated, the

common stock is treated

as “marketable stock,” a

U. S. Holder would be

allowed to make a

Mark-to-Market

Election with respect to the Company’s

common stock. If that election is made, the

U. S. Holder generally

would include as

ordinary income

in each

taxable year the

excess, if

any,

of the

fair market

value of

the

common

stock

at

the

end

of

the

taxable

year

over

such

Holder’s

adjusted

tax

basis

in

the

common

stock. The U. S. Holder

would also be

permitted an

ordinary loss in

respect of

the excess, if

any, of the U. S.

Holder’s adjusted tax basis in the

common stock over its fair

market value at the end

of the taxable year,

107

but only

to the

extent of

the net

amount previously

included in

income as

a result

of the

Mark-to-Market

Election. A U. S. Holder’s tax

basis in his

common stock would

be adjusted to

reflect any such

income or

loss

amount. Gain

realized

on

the

sale,

exchange

or

other

disposition

of

the

common

stock

would

be

treated as

ordinary income,

and any

loss