Company: CRCL
Filing Date: 2025-02-13
Form Type: DRS/A
Source: 0000950123-25-001965
Chunk: 355

Company: Circle Internet Group, Inc.
Filing Date: 2025-02-13
Form: DRS/A
Chunk 355
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1986, as amended, applicable to regulated investment companies, and to distribute substantially all of its taxable income to its shareholders. Therefore, no U.S. federal income tax provision is required. The Fund files U.S. federal and various state and local tax returns. No income tax returns are currently under examination. The statute of limitations on the Fund’s U.S. federal tax returns generally remains open for a period of three years after they are filed. The statutes of limitations on the Fund’s state and local tax returns may remain open for an additional year depending upon the jurisdiction. Management has analyzed tax laws and regulations and their application to the Fund as of April 30, 2024, inclusive of the open tax return years, and does not believe that there are any uncertain tax positions that require recognition of a tax liability in the Fund’s financial statements. F-66

CONFIDENTIAL TREATMENT REQUESTED BY CIRCLE INTERNET GROUP, INC. PURSUANT TO 17 C.F.R. § 200.83 U.S. GAAP requires that certain components of net assets be adjusted to reflect permanent differences between financial and tax reporting. These reclassifications have no effect on net assets or NAV per share. As of period end, permanent differences attributable to nondeductible expenses were reclassified to the following accounts:

|                             |     | Amounts |         |   |
|:----------------------------|:----|:--------|--------:|:--|
| Paid-in capital             |     | $       | (85,998 | ) |
| Accumulated earnings (loss) |     |         |  85,998 |   |

The tax character of distributions paid was as follows:

|                 |     | Year Ended 
 04/30/24   |               |     | Period Ended 
 04/30/23     |             |
|:----------------|:----|:-----------|--------------:|:----|:-------------|------------:|
| Ordinary income |     | $          | 1,281,287,248 |     | $            | 521,824,435 |

As of April 30, 2024, the tax components of accumulated earnings were as follows:

| Fund Name           |     | Undistributed 
 Ordinary      
 Income        |           |     | Net Unrealized    
 Gains (Losses)(a) |    |   |     | Total |           |
|:--------------------|:----|:--------------|----------:|:----|:------------------|:---