Company: GROY-WT
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0000950170-25-042306
Chunk: 78

Company: Gold Royalty Corp.
Filing Date: 2025-03-20
Form: 20-F
Item: Item 10
Chunk 78
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Item 10. Additional Information – E. Taxation – Material U. S. Federal Income Tax Considerations

") holds the common shares or common share purchase warrants, it would likely result in adverse U. S. federal income tax consequences for such U. S. Holder. U. S. Holders should carefully read "

Item 10. Additional Information - E. Taxation - Material U. S. Federal Income Tax Considerations for United States Holders

" for more information and consult their own tax advisors regarding the likelihood and consequences if we are treated as a PFIC for U. S. federal income tax purposes, including the advisability of making a "qualified electing fund" election (including a protective election), which may mitigate certain possible adverse U. S. federal income tax consequences but may result in an inclusion in gross income without receipt of such income.

We have not made a formal determination as to whether we would be classified as a PFIC for the tax year ended December 31, 2024 or in past years, and do not plan to make such a determination for subsequent years. However, we expect that we should be treated as a PFIC for the tax year ended December 31, 2024, and may continue to be treated as a PFIC in future years. For the fiscal years ended December 31, 2023, and September 30, 2022, pursuant to Treasury Regulation Section 1.1295-1(g)(1), we issued to our U. S. shareholders a "PFIC Annual Information Statement" to assist U. S. shareholders who wish to make a Qualified Electing Fund Election under Section 1295 of the Code (" QEF Election").

Any issuance of preferred shares could make it difficult for another company to acquire us or could otherwise adversely affect holders of our common shares, which could depress the market price of our common shares.

Our board of directors have the authority to issue preferred shares and to determine the preferences, limitations and relative rights of preferred shares and to fix the number of shares constituting any series and the designation of such series, without any further vote or action by our shareholders. Our preferred shares could be issued with liquidation, dividend and other rights superior to the rights of our common shares. The potential issuance of preferred shares may delay or prevent a change in control of us, discourage bids for our common shares at a premium over the market price and adversely affect the market price and other rights of the holders of our common shares.

ITEM 4.