Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 211

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 10
Chunk 211
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60 days

during

the

taxable

year

(or

one-sixth of

the

days

during

a

short

taxable year),

which is

referred to

as the

“ Trading Frequency

Test”; and (3) the

aggregate number

of shares

of its common stock traded on the NYSE during

the taxable year is at least 10% of

the average number of

shares of its common stock outstanding

during such taxable year (as appropriately

adjusted in the case of

a short taxable year), which is referred to as the “ Trading Volume

Test”.

The Trading Frequency Test

and

Trading Volume Test are deemed

to be

satisfied under

the Treasury

Regulations if

the Company’s

common

stock is regularly quoted by dealers making a market in the common

stock.

The Company believes

that its

common stock has

satisfied the Listing

Threshold, as well

as the Trading

Frequency Test

and Trading Volume Tests,

during the 2024 taxable year.

Notwithstanding the foregoing, the Treasury

Regulations provide, in pertinent part,

that stock of a

foreign

corporation

will

not

be

considered

to

be

“regularly

traded”

on

an

established

securities

market

for

any

taxable year during which 50%

or more of such stock

is owned, actually or constructively under specified

stock

attribution

rules,

on

more

than

half

the

days

during

the

taxable

year

by

persons,

or

“5%

Shareholders”,

who

each

own

5%

or

more

of

the

value

of

such

stock,

or

the

“5%

Override

Rule.”

For

purposes

of

determining

the

persons

who

are

5%

Shareholders,

a

foreign

corporation

may

rely

on

Schedules 13D and 13G filings with the SEC.

Based on Schedules 13D and 13G filings, during the 2024 taxable year,

less than 50% of the Company’s

common stock was owned by 5% Shareholders. Therefore, the

Company believes that it is not subject to

the 5% Override Rule

and thus has satisfied

the Publicly Traded Test for the 2024 taxable