Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 221

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 10
Chunk 221
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 realized

on the

sale, exchange

or other

disposition of

the common

stock would

be treated

as ordinary

loss to

the extent

that such

loss does

not exceed

the net

mark-to-market

gains previously included by the U. S. Holder.

Taxation of U. S. Holders Not Making a Timely QEF Election or Mark-to-Market Election

Finally,

if the

Company were

to be

treated as

a PFIC

for any

taxable year,

a U. S.

Holder who

does not

make

either a

QEF

Election or

a Mark-to-Market

Election for

that

year,

whom

is

referred to

as a

“ Non-

Electing Holder”, would be subject to special U. S.

federal income tax rules with respect to

(1) any excess

distribution (i. e., the portion of any

distributions received by the Non-Electing

Holder on the common stock

in a

taxable year

in excess

of 125%

of the

average annual

distributions received

by the

Non-Electing Holder

in

the

three

(3)

preceding

taxable

years,

or,

if

shorter,

the Non-Electing Holder’s

holding

period

for

the

common

stock),

and

(2) any

gain

realized

on

the

sale,

exchange

or

other

disposition

of

the

common

stock. Under these special rules:

•

the excess distribution

or gain

would be

allocated ratably

over the Non-Electing

Holder’s

aggregate holding period for the common stock;

•

the

amount

allocated

to

the

current

taxable

year

and

any

taxable

years

before

the

Company became a PFIC would be taxed as ordinary income;

and

•

the amount allocated

to each

of the other

taxable years would

be subject to

tax at

the

highest

rate

of

tax

in

effect

for

the

applicable class

of

taxpayer

for

that

year,

and

an

interest charge

for the

deemed tax

deferral benefit

would be

imposed with

respect to

the resulting tax attributable to each such other taxable year.

These