Company: FCRX
Filing Date: 2025-02-03
Form Type: N-2/A
Source: 0001193125-25-018583
Chunk: 50

Company: Crescent Capital BDC, Inc.
Filing Date: 2025-02-03
Form: N-2/A
Chunk 50
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” above and “ Part I. Item 1A. Risk Factors—Risk Factors—Risk Factors—Risks Relating to Our Business—We will be subject to corporate level income tax if we are unable to qualify as a RIC” and “ —We may have difficulty paying our required distributions if we recognize income before, or without, receiving cash representing such income” in our most recent Annual Report on Form 10-K,which is incorporated by reference herein. The following discussion assumes that we qualify as a RIC. TAXATION OF U.S. STOCKHOLDERS The following summary generally describes U.S. federal income tax consequences of an investment in shares of our preferred stock and common stock beneficially owned by U.S. stockholders (as defined above). If you are not a U.S. stockholder, this section does not apply to you. Whether an investment in the shares of our preferred stock or common stock is appropriate for a U.S. stockholder will depend upon that person’s particular circumstances. An investment in the shares of our preferred stock or common stock by a U.S. stockholder may have adverse tax consequences. U.S. stockholders are urged to consult their tax advisors about the U.S. tax consequences of investing in shares of our preferred stock or common stock. Distributions on Our Preferred Stock and Common Stock Distributions by us generally are taxable as ordinary income or capital gain. To the extent such distributions we pay to non-corporateU.S. stockholders (including individuals) are attributable to dividends from U.S. corporations and certain qualified foreign corporations, such distributions (“qualified dividends”), if properly reported and provided that certain holding period and other requirements are met, generally are taxable to U.S. stockholders at the preferential rates applicable to long-term capital gains. A portion of our ordinary dividends, but not capital gain dividends, paid to U.S. corporate stockholders may, if certain conditions are met, qualify for the dividends-received deduction to the extent that we have received dividends from certain corporations during the taxable year. However, it is anticipated that distributions paid by us generally will not be attributable to dividends and, therefore, generally will not qualify for the preferential rates applicable to qualified dividends or the dividends-received deduction available to corporations under the Code. A corporate U.S. stockholder may be required to reduce its basis in our preferred stock or common stock with respect to certain “extraordinary dividends,” as defined in Section 1059 of the Code. Corporate U.S. stockholders are urged to consult their