Company: AHL
Filing Date: 2025-06-11
Form Type: 424B5
Source: 0001628280-25-030754
Chunk: 60

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-06-11
Form: 424B5
Chunk 60
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 notes as part of a hedging or conversion transaction or as part of a short-sale or straddle) who may be subject to special rules or treatment under the Code. This discussion is based upon the Code, the Treasury regulations promulgated thereunder (“Treasury Regulations”) and any relevant administrative rulings or pronouncements or judicial decisions, all as in effect on the date hereof and as currently interpreted, and does not take into account possible changes in such tax laws or interpretations thereof, which may apply retroactively. This discussion does not include any description of the special timing rules under Section 451(b) of the Code, the Medicare contribution tax on net investment income or the tax laws of any state or local governments within the United States, or of any foreign government, that may be

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applicable to the notes or the Noteholders. Persons considering making an investment in the notes should consult their own tax advisors concerning the application of the U.S. federal tax laws to their particular situations as well as any tax consequences arising under the laws of any state, local or foreign taxing jurisdiction prior to making such investment.

This discussion does not consider the U.S. federal income tax consequences related to the purchase, ownership and disposition of the notes by an entity that is treated as a partnership for U.S. federal income tax purposes. If a partnership holds notes, the U.S. federal income tax treatment of a partner in the partnership generally will depend upon the status of the partner and the activities of the partnership. If you are a partner of a partnership holding the notes, you should consult your tax advisor.

For purposes of this discussion, the term “ U.S. Noteholder ” means a Noteholder that is, for U.S. federal income tax purposes:

(1) an individual citizen or resident of the United States;

(2) a corporation or entity treated as a corporation created or organized in or under the laws of the United States, any state thereof or the District of Columbia;

(3) an estate the income of which is subject to U.S. federal income taxation regardless of its source; or

(4) a trust if either (x) a court within the United States is able to exercise primary supervision over the administration of such trust and one or more U. S. persons have the authority to control all substantial decisions of such trust or (y) the trust has a valid election in effect to be treated as a U. S. person for U.S. federal income tax purposes.

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