Company: TGE
Filing Date: 2025-12-03
Form Type: 424B3
Source: 0001213900-25-117807
Chunk: 195

Company: Generation Essentials Group
Filing Date: 2025-12-03
Form: 424B3
Chunk 195
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IC, U.S. Holders of the Securities would generally be deemed to own a proportionate amount (by value) of the shares of such
lower-tier PFIC, and generally could incur liability for the deferred tax and interest charge described above if TGE receives a distribution
from, or disposes of all or part of TGE’s interest in, the lower-tier PFIC or the U.S. Holders otherwise were deemed to have
disposed of an interest in the lower-tier PFIC, in each case, as if the U.S. Holder held such shares directly, even though
the U.S. Holder will not receive any proceeds of those distributions or dispositions. A mark-to-market election generally would
not technically be available with respect to such lower-tier PFIC. U.S. Holders are urged to consult their own tax advisors
regarding the tax issues raised by lower-tier PFICs.

We do not intend to provide
information necessary for U.S. Holders to make a “qualified electing fund” election under Section 1295 of the Code which,
if available, would result in tax treatment different from (and generally less adverse than) the Default PFIC regime described above.

A U.S. Holder that owns
(or is deemed to own) shares in a PFIC during any taxable year of the U.S. Holder, may have to file an IRS Form 8621 (whether
or not a market-to-market election is made) with such U.S. Holder’s U.S. federal income tax return and provide such
other information as may be required by the U.S. Treasury Department. The rules dealing with PFICs and the elections described
above are very complex and are affected by various factors in addition to those described above. Accordingly, U.S. Holders should
consult their own tax advisors concerning the application of the PFIC rules under their particular circumstances.

THE RULES DEALING WITH PFICS ARE COMPLEX AND ARE IMPACTED BY VARIOUS FACTORS IN ADDITION TO THOSE DESCRIBED ABOVE. ALL U.S. HOLDERS SHOULD CONSULT THEIR TAX ADVISORS REGARDING THE CONSEQUENCES TO THEM OF THE PFIC RULES, INCLUDING, WITHOUT LIMITATION, WHETHER A MARK-TO-MARKET ELECTION OR ANY OTHER ELECTION IS AVAILABLE AND THE CONSEQUENCES TO THEM OF ANY SUCH ELECTION, AND THE IMPACT OF ANY PROPOSED OR FINAL PFIC TREASURY REGULATIONS.

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