Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 224

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 10
Chunk 224
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withholding and

information reporting

unless the

holder establishes

an exemption. If

a holder sells

his common

stock through a

non-U. S. office of

a non-U. S. broker

and the sales

proceeds are

paid to the holder

outside the United States, then information

reporting and backup withholding generally

will not

apply to

that payment. However,

information reporting requirements,

but not

backup withholding,

will apply to

a payment of

sales proceeds, including

a payment made

to a holder

outside the United

States,

if the holder

sells his common

stock through a

non-U. S. office of

a broker that

is a U. S.

person or has

some

other contacts with the United States.

Backup

withholding

is

not

an

additional

tax. Rather,

a

taxpayer

generally

may

obtain

a

refund

of

any

amounts

withheld

under

backup

withholding

rules

that

exceed

the

taxpayer’s

U. S.

federal

income

tax

liability by filing a refund claim with the IRS.

U. S. Holders who

are individuals (and

to the extent

specified in applicable

Treasury Regulations, certain

U. S. entities) who

hold “specified foreign financial

assets” (as defined

in Section 6038D of

the Code) are

required to

file

IRS Form

8938 with

information relating

to

the

asset for

each taxable

year

in

which the

aggregate value of all such assets

exceeds $75,000 at any time during

the taxable year or $50,000

on the

last

day

of

the

taxable

year

(or

such

higher

dollar

amount

as

prescribed

by

applicable

Treasury

Regulations).

Specified foreign

financial assets

would include,

among other

assets, our

common stock,

unless the

common stock

is held

through an

account maintained

with a

U. S. financial

institution. Substantial

penalties

apply

to

any

failure

to

timely

file

IRS

Form

8938,

unless

the

failure

is

shown

to

be

due

to

reasonable cause

and not