Company: CRCL
Filing Date: 2025-06-02
Form Type: S-1/A
Source: 0001193125-25-132755
Chunk: 432

Company: Circle Internet Group, Inc.
Filing Date: 2025-06-02
Form: S-1/A
Chunk 432
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|--------:|:--|
| Paid-in capital             |     | $       | (77,654 | ) |
| Accumulated earnings (loss) |     |         |  77,654 |   |

F-107

The tax character of distributions paid was as follows:

|                 |     | Period Ended 
 04/30/23     |             |
|:----------------|:----|:-------------|------------:|
| Ordinary income |     | $            | 521,824,435 |

As of April 30, 2023, the tax components of accumulated net earnings were as follows:

|                               |     | Amounts |         |
|:------------------------------|:----|:--------|--------:|
| Undistributed ordinary income |     | $       | 111,822 |
|                               |     | $       | 111,822 |

The cost for U.S. federal income tax purposes is the same as book cost. 6. Principal risks In the normal course of business, the Fund invests in securities or other instruments and may enter into certain transactions, and such activities subject the Fund to various risks, including among others, fluctuations in the market (market risk) or failure of an issuer to meet all of its obligations. The value of securities or other instruments may also be affected by various factors, including, without limitation: (i) the general economy; (ii) the overall market as well as local, regional or global political and/or social instability; (iii) regulation, taxation or international tax treaties between various countries; or (iv) currency, interest rate and price fluctuations. Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issues, recessions, or other events could have a significant impact on the Fund and its investments. The Fund’s prospectus provides details of the risks to which the Fund is subject. Infectious Illness Risk:An outbreak of an infectious illness, such as the COVID-19pandemic, may adversely impact the economies of many nations and the global economy, and may impact individual issuers and capital markets in ways that cannot be foreseen. An infectious illness outbreak may result in, among other things, closed international borders, prolonged quarantines, supply chain disruptions, market volatility or disruptions and other significant economic, social and political impacts. Counterparty Credit Risk:The Fund may be exposed to counterparty credit risk, or the risk that an entity may fail to or be unable to perform