Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 207

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 10
Chunk 207
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E.

Taxation

In the

opinion of

Seward & Kissel

LLP,

the following is

a discussion of

the material Marshall

Islands and

U. S. federal

income

tax

considerations

of

the

ownership

and

disposition

by

a

U. S. Holder

and

a

Non-

U. S. Holder,

each as defined

below,

of the

common stock. This

discussion does not

purport to deal

with

the

tax

consequences

of

owning

common

stock

to

all

categories

of

investors,

some

of

which,

such

as

dealers in

securities or

commodities, financial

institutions, insurance

companies, tax-exempt

organizations,

U. S. expatriates, persons liable for the alternative minimum

tax, persons who hold common stock

as part

of

a

straddle,

hedge,

conversion

transaction

or

integrated

investment,

U. S. Holders

whose

functional

currency is not the United States dollar, persons required to recognize income for U. S. federal income tax

purposes

no

later

than

when

such

income

is

reported

on

an

“applicable

financial

statement,”

investors

subject to the “base erosion and

anti-avoidance” tax

and investors that own, actually or

under applicable

constructive ownership

rules, 10%

or more

of the

Company’s common

stock, may

be subject

to special

rules.

This

discussion

deals

only

with

holders

who

hold

the

common

stock

as

a

capital

asset.

You

are

encouraged to consult your own

tax advisors concerning the

overall tax consequences arising

in your own

particular situation under U. S. federal, state, local or foreign law of the

ownership of common stock.

Marshall Islands Tax Considerations

The Company is incorporated in the Marshall Islands. Under current Marshall

Islands law, the company is

not subject to

tax on income

or capital gains,

and no Marshall

Islands withholding tax

will be imposed

upon

payments of dividends by us to our shareholders.

United States Federal Income Taxation

The

following

discussion

is

based

upon

the

provisions