Company: FCRX
Filing Date: 2025-02-03
Form Type: N-2/A
Source: 0001193125-25-018583
Chunk: 54

Company: Crescent Capital BDC, Inc.
Filing Date: 2025-02-03
Form: N-2/A
Chunk 54
---
 on the effect of acquiring, holding and disposing of our preferred stock or common stock, on the computation of “net investment income” in their individual circumstances. Disclosure of Certain Recognized Losses. Under U.S. Treasury regulations, if a U.S. stockholder recognizes a loss with respect to either our preferred stock or common stock of $2 million or more for a non-corporateU.S. stockholder or $10 million or more for a corporate U.S. stockholder in any single taxable year, such stockholder must file with the IRS a disclosure statement on Form 8886. Direct stockholders of certain “portfolio securities” in many cases are excepted from this reporting requirement, but under current guidance, equity owners of a RIC are not excepted. The fact that a loss is reportable under these regulations does not affect the legal determination of whether the taxpayer’s treatment of the loss is proper. Significant monetary penalties apply to a failure to comply with this reporting requirement. States may also have a similar reporting requirement. U.S. stockholders are urged to consult own tax advisors to determine the applicability of these regulations in light of their individual circumstances. TAXATION OF NON-U.S.STOCKHOLDERS The following discussion applies only to persons that are non-U.S.stockholders. If you are not a non-U.S.stockholder, this discussion does not apply to you. Whether an investment in our preferred stock or common stock is appropriate for a non-U.S.stockholder will depend upon that stockholder’s particular circumstances. An investment in our preferred stock or common stock by a non-U.S.stockholder may have adverse tax consequences and, accordingly, may not be appropriate for a non-U.S.stockholder. Non-U.S.stockholders are urged to consult their tax advisors as to the tax consequences of acquiring, holding and disposing of our preferred stock or common stock before investing. Distributions on, and Sale or Other Disposition of Our Preferred Stock or Common Stock Distributions of our investment company taxable income to non-U.S.stockholders will be subject to U.S. withholding tax at a rate of 30% (unless reduced or eliminated by an applicable income tax treaty) to the extent payable from our current and accumulated earnings and profits unless an exception applies. Actual or deemed distributions of our net capital gain to a non-U.S.stockholder, and gains recognized by a non-U.S.stockholder upon the sale of our preferred stock or common stock, will generally not be subject to withholding of U.S. federal income tax and generally will not be