Company: CDT
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001641172-25-006259
Chunk: 24

Company: CDT Equity Inc.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 24
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 in clause (a) above generally will
be subject to U.S. federal income tax on a net income basis in the same manner as if the non-U.S. holder were a U.S. holder. A non-U.S.
holder that is a foreign corporation also may be subject to a branch profits tax at a rate of 30% (or such lower rate specified by an
applicable income tax treaty) on such effectively connected gain, as adjusted for certain items. A non-U.S. holder described in clause
(b) above will be subject to U.S. federal income tax at a rate of 30% (or, if applicable, a lower treaty rate) on the gain realized with
respect to cash received in lieu of a fractional share, which may be offset by certain U.S. source capital losses, even though the non-U.S.
holder is not considered a resident of the United States, provided the non-U.S. Holder has timely filed U.S. federal income tax returns
with respect to such losses. With respect to clause (c) above, if we are a USRPHC, a non-U.S. holder may qualify for an exemption if our
Common Stock is regularly traded on an established securities market and the non-U.S. holder does not actually or constructively hold
more than 5% of such regularly traded Common Stock at any time within the shorter of the five-year period preceding the Reverse Stock
Split and the non-U.S. holder’s holding period for our Common Stock. Because the determination of whether we are a USRPHC depends
on the fair market value of our U.S. real property interests relative to the fair market value of our other business assets, there can
be no assurance that we are not or were not at any time a USRPHC. If no exemption is available and we are a USRPHC, a Non-U.S. holder’s
cash received in lieu of a fractional share will generally be subject to withholding at a rate of 15% and such non-U.S. holder will generally
be taxed on any gain in the same manner as gain that is effectively connected with the conduct of a U.S. trade or business, except that
the branch profits tax generally should not apply to such gain. Non-U.S. holders should consult with their tax advisors on the availability
of any exemption in the event we are or become a USRPHC.

Notwithstanding the foregoing, gain recognized
by a non-U.S. holder attributable