Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 53

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 3
Chunk 53
---
 vessels;

●

identify and consummate acquisitions or joint ventures;

●

enhance our customer base;

●

manage our expansion; and

●

obtain required financing on acceptable terms.

Growing

any

business

by

acquisition

presents

numerous

risks,

such

as

undisclosed

liabilities

and

obligations, the

possibility that

indemnification agreements

will be

unenforceable or

insufficient to

cover

potential

losses

and

difficulties

associated

with

imposing

common

standards,

controls,

procedures

and

policies,

obtaining

additional

qualified

personnel,

managing

relationships with

customers,

suppliers

and

integrating newly acquired assets and operations into existing infrastructure. If we

are unable to grow our

33

financial and operating

systems or to

recruit suitable employees,

should we decide

to expand our

fleet, our

financial performance may be

adversely affected, among other

things. We cannot give any assurance

that

we will be

successful in executing

any future

growth plans or

that we will

not incur significant

expenses and

losses in connection with our future growth.

We may have to pay tax on U. S. source income, which would reduce

our earnings.

Under

the

U. S.

Internal

Revenue

Code

of

1986, as

amended,

or

the

Code,

50%

of

the

gross

shipping

income

of

a

vessel-owning

or

chartering

corporation,

such

as

ourselves

and

our

subsidiaries,

that

is

attributable to

transportation that

begins or

ends, but

that does

not both

begin and

end, in

the United

States

is characterized as

U. S. source shipping

income and such

income is generally

subject to a

4% U. S. federal

income tax

without allowance

for deductions,

unless that

corporation qualifies

for exemption

from tax

under

Section 883 of the Code and the Treasury Regulations promulgated thereunder.

We expect that

we and each

of our subsidiaries

qualify for this

statutory tax exemption

for the 2024

taxable

year and

we will take

this position