Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 216

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 10
Chunk 216
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 entitled to claim a dividends-received deduction with respect

to

any distributions they receive from the Company.

Dividends paid to a

U. S. Holder which is

an individual, trust, or

estate, referred to herein

as a “ U. S. Non-

Corporate

Holder,”

will

generally

be

treated

as

“qualified dividend

income”

that

is

taxable

to

Holders

at

preferential U. S.

federal income

tax rates,

provided that

(1) the common

stock is

readily tradable

on an

established securities

market in

the United

States (such

as the

NYSE on

which the

common stock

is listed);

(2) the Company

is not

a PFIC

for the

taxable year

during which the

dividend is

paid or

the immediately

preceding taxable year (which the Company does

not believe it is, has

been or will be); (3) the

U. S. Non-

Corporate Holder

has owned

the common

stock for

more than

60 days in

the 121-day

period beginning

60 days before

the date

on which

the common

stock becomes

ex-dividend; and

(4) the

U. S. Non-Corporate

Holder is not

under an obligation

(whether pursuant to

a short sale

or otherwise) to

make payments with

respect to positions in

substantially similar or related property.

There is no assurance that

any dividends

paid on our common stock

will be eligible for

these preferential rates in

the hands of a U. S.

Non-Corporate

Holder. Any dividends paid by the Company which

are not eligible for these

preferential rates will be taxed

as

ordinary

income

to

a

U. S.

Non-Corporate

Holder.

Special

rules

may

apply

to

any

“extraordinary

dividend,” generally, a dividend paid

by us in an amount which is equal to or in

excess of ten percent of a

U. S. Holder’s adjusted tax basis, or fair market

value in certain circumstances, in a

share of our common

stock.

If

we

pay

an

“extraordinary dividend”

on

our

common stock

that

is

treated

as “