Company: TGE
Filing Date: 2025-04-25
Form Type: F-4/A
Source: 0001213900-25-035536
Chunk: 397

Company: Generation Essentials Group
Filing Date: 2025-04-25
Form: F-4/A
Chunk 397
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 will have timely knowledge of BSII’s status as a PFIC in the future or of such information. 251 A U.S. Holder may not make a QEF Election with respect to its Warrants. As a result, if a U.S. Holder sells or otherwise disposes of such Warrants (other than upon exercise of such Warrants) and TGE or BSII (as the case may be) was a PFIC at any time during the U.S. Holder’s holding period of such warrants, any gain recognized will generally be subject to the special tax and interest charge rules treating the gain as an excess distribution, as described above. If a U.S. Holder that exercises such Warrants properly makes a QEF Election with respect to the newly acquired TGE Class A Ordinary Shares, the QEF Election will apply to the newly acquired TGE Class A Ordinary Shares (it is not clear whether or how a previously made QEF Election that is in effect with respect to TGE Class A Ordinary Shares would apply to TGE Class A Ordinary Shares subsequently acquired on the exercise of such Warrants). Notwithstanding the foregoing, the adverse tax consequences relating to PFIC treatment, adjusted to take into account current income inclusions resulting from the QEF Election, will generally continue to apply with respect to such newly acquired TGE Class A Ordinary Shares (which will generally be deemed to have a holding period for purposes of the PFIC rules that includes all or a portion of the period the U.S. Holder held the Warrants), unless the U.S. Holder makes a purging election (discussed below). The QEF Election is made on a shareholder -by -shareholderbasis and, once made, can be revoked only with the consent of the IRS. A U.S. Holder generally makes a QEF Election by attaching a completed IRS Form 8621 (Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund), including the information provided by the PFIC, to a timely filed U.S. federal income tax return for the taxable year to which the election relates. Retroactive QEF Elections generally may be made only by filing a protective statement with such return and if certain other conditions are met or with the consent of the IRS. U.S. Holders should consult their own tax advisors regarding the availability and tax consequences of a retroactive QEF Election under their particular circumstances. If a U.S. Holder has made a QEF Election with respect to its Shares, and the special tax and interest charge rules do