Company: FCRX
Filing Date: 2025-02-03
Form Type: N-2/A
Source: 0001193125-25-018583
Chunk: 55

Company: Crescent Capital BDC, Inc.
Filing Date: 2025-02-03
Form: N-2/A
Chunk 55
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 subject to U.S. federal income tax unless the non-U.S.stockholder is an individual, has been present in the United States for 183 days or more during the taxable year, and certain other conditions are satisfied. Non-U.S.stockholders of our preferred stock or common stock are encouraged to consult their advisors as to the applicability of an income tax treaty in their individual circumstances. In general, no U.S. withholding taxes will be imposed on dividends paid by RICs to non-U.S.stockholders to the extent the dividends are designated as “interest-related dividends” or “short-term capital gain dividends” and satisfy certain other requirements Under this exemption, interest-related dividends and short-term capital gain dividends generally represent distributions of interest or short-term capital gain that would not have been subject to U.S. withholding tax at the source if they had been received directly by a non-U.S.stockholder. We expect that a portion of our dividends will qualify as interest-related dividends, although we cannot assure you the exact proportion that will so qualify. If we distribute our net capital gain in the form of deemed rather than actual distributions (which we may do in the future), a non-U.S.stockholder will be entitled to a U.S. federal income tax credit or tax refund equal to the non-U.S.stockholder’s allocable share of the tax we pay on the capital gain deemed to have been distributed. To obtain the refund, the non-U.S.stockholder must obtain a U.S. taxpayer identification number (if one has not been previously obtained) and file a U.S. federal income tax return even if the non-U.S.stockholder would not otherwise be required to obtain a U.S. taxpayer identification number or file a U.S. federal income tax return. 67 We have the ability to declare a large portion of a dividend in shares of our common stock. As long as a certain portion of such dividend is available to be paid in cash and certain requirements are met, the entire distribution will be treated as a dividend for U.S. federal income tax purposes. As a result, our non-U.S.stockholders will be taxed on 100% of the fair market value of the dividend on the date the dividend is received in the same manner as a cash dividend (including the application of withholding tax rules described above), even if most of the dividend is paid in shares of our common stock. In such a circumstance, we may be required to withhold all or substantially all of the cash we would otherwise distribute to a non-U.S.stockholder. WITHH