Company: TGE
Filing Date: 2025-04-11
Form Type: F-4
Source: 0001213900-25-031177
Chunk: 389

Company: Generation Essentials Group
Filing Date: 2025-04-11
Form: F-4
Chunk 389
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 of such shares as long as such shares continue to be treated as marketable shares. Instead, in general, the U.S. Holder will include as ordinary income for each year that BSII or TGE (as the case may be) is treated as a PFIC the excess, if any, of the fair market value of such shares at the end of its taxable year over the adjusted basis in such shares. The U.S. Holder also will be allowed to take an ordinary loss in respect of the excess, if any, of the adjusted basis of such shares over the fair market value of such shares at the end of its taxable year (but 252 only to the extent of the net amount of previously included income as a result of the mark -to -marketelection). The U.S. Holder’s basis in such shares will be adjusted to reflect any such income or loss amounts, and any further gain recognized on a sale or other taxable disposition of such shares in a taxable year in which BSII or TGE (as the case may be) is treated as a PFIC will be treated as ordinary income. Special tax rules may also apply if a U.S. Holder makes a mark -to -marketelection for a taxable year after such holder’s First PFIC Holding Year. Currently, a mark -to -marketelection may not be made with respect to any BSII Warrants or TGE Warrants. The mark -to -marketelection is available only for stock that is regularly traded on a national securities exchange that is registered with the Securities and Exchange Commission, including the . U.S. Holders should consult their own tax advisors regarding the availability and tax consequences of a mark -to -marketelection under their particular circumstances. Any Shares treated as stock of a PFIC under the Default PFIC Regime will continue to be treated as stock of a PFIC, including in taxable years in which BSII or TGE (as the case may be) ceases to be a PFIC, unless the applicable U.S. Holder makes a “purging election” with respect to such Shares. Under one type of purging election, the U.S. Holder will be deemed to have sold such shares at their fair market value on the last day of the last year in which such entity is treated as a PFIC, and any gain recognized on such deemed sale will be treated as an excess distribution, as described above. As a result of this election, the U.S. Holder will have additional basis (to the