Company: FCRX
Filing Date: 2025-02-03
Form Type: N-2/A
Source: 0001193125-25-018583
Chunk: 44

Company: Crescent Capital BDC, Inc.
Filing Date: 2025-02-03
Form: N-2/A
Chunk 44
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 Distribution Requirement”). See “ Part I. Item 1A. Risk Factors—Risk Factors—Risks Relating to Our Business—We will be subject to corporate level income tax if we are unable to qualify as a RIC” and “ —We may have difficulty paying our required distributions if we recognize income before, or without, receiving cash representing such income” in our most recent Annual Report on Form 10-K,which is incorporated by reference herein. TAXATION AS A RIC If we:

| • |     | qualify as a RIC; and |

| • |     | satisfy the Annual Distribution Requirement; |

then we will not be subject to U.S. federal income tax on the portion of our investment company taxable income and net capital gain (realized net long-term capital gain in excess of realized net short-term capital loss) that we timely distribute (or are deemed to timely distribute) to stockholders. We will be subject to U.S. federal income tax at the regular corporate rates on any net income or capital gains not distributed (or deemed distributed) to our stockholders. We will be subject to a 4% nondeductible U.S. federal excise tax on certain undistributed income unless we distribute in a timely manner an amount at least equal to the sum of (1) 98% of our ordinary income for each calendar year, (2) 98.2% of our capital gain net income for the one year period ending October 31 in that calendar year (unless an election is made to use our taxable year) and (3) any income realized, but not distributed, in preceding years (to the extent that U.S. federal income tax was not imposed on such amounts) less certain over-distributions in the prior year (collectively, the “Excise Tax Requirement”). We have paid in the past, and may pay in the future, such excise tax on a portion of our income. Moreover, our ability to dispose of assets to meet our distribution requirements may be limited by (1) the illiquid nature of our portfolio and (2) other requirements relating to our status as a RIC, including the Diversification Tests (as defined below). If we dispose of assets to meet the Annual Distribution Requirement, the Diversification Tests, or the Excise Tax Requirement, we may make such dispositions at times that, from an investment standpoint, are not advantageous. To qualify as a RIC for U.S. federal income tax purposes, we generally must, among other things