Company: RENEF
Filing Date: 2025-10-08
Form Type: PRE 14A
Source: 0001104659-25-097940
Chunk: 52

Company: Cartesian Growth Corp II
Filing Date: 2025-10-08
Form: PRE 14A
Chunk 52
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 its warrants or possibly in other stock constructively owned by it.

U.S. Holders should consult
their tax advisors as to the tax consequences of a redemption, including any special reporting requirements.

Taxation of Distributions.

Subject to the PFIC rules
discussed below under “PFIC Considerations,” if the redemption of a U.S. Holder’s Class A Ordinary Shares is
treated as a distribution, as discussed above, such distributions will generally be treated a dividend for U.S. federal income tax purposes
to the extent paid from our current or accumulated earnings and profits, as determined under U.S. federal income tax principles. Such
dividends will be taxable to a corporate U.S. Holder at regular rates and will not be eligible for the dividends-received deduction generally
allowed to domestic corporations in respect of dividends received from other domestic corporations. With respect to non-corporate U.S.
Holders, dividends will generally be taxed at preferential long-term capital gains rates only if the Class A Ordinary Shares are readily
tradable on an established securities market in the United States provided that the Company is not treated as a PFIC in the taxable year
in which the dividend was paid or in any previous year and certain other requirements are met. U.S. Holders should consult their tax
advisors regarding the availability of the lower rate for any dividends paid with respect to Class A Ordinary Shares.

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Distributions in excess of
current and accumulated earnings and profits will generally constitute a return of capital that will be applied against and reduce (but
not below zero) the U.S. Holder’s adjusted tax basis in our Class A Ordinary Shares. Any remaining excess will be treated as gain
realized on the sale or other disposition of the Class A Ordinary Shares and will be treated as described below under the section entitled
“Gain or Loss on Sale, Taxable Exchange or Other Taxable Disposition of Class A Ordinary Shares.” However, we do not
currently maintain calculations of our earnings and profits in accordance with U.S. federal income tax principles. U.S. Holders should
therefore assume that any amounts treated as a distribution as a result of a redemption of Class A Ordinary Shares will be reported as
dividend income.

Gain or Loss on Sale, Taxable Exchange or Other Taxable Disposition of Class A Ordinary Shares.

Subject to the PFIC rules
discussed below under “PFIC Considerations,” if the redemption of a U.S. Holder’s