Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 217

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 10
Chunk 217
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qualified

dividend

income,” then

any loss

derived by

a U. S. Individual

Holder from

the

sale or

exchange of

such common

stock will be treated as long-term capital loss to the extent of such dividend.

Sale, Exchange or other Disposition of Common Stock

Subject to the

discussion of the

PFIC rules below,

a U. S. Holder

generally will recognize

taxable gain or

loss upon

a sale,

exchange or

other disposition

of the

Company’s common

stock in

an amount

equal to

the

difference

between

the

amount

realized

by

the

U. S.

Holder

from

such

sale,

exchange

or

other

disposition and

the U. S.

Holder’s tax

basis in

such stock. Such

gain or

loss will

be treated

as long-term

capital gain or loss if the U. S. Holder’s holding period in the common stock is greater than one year

at the

time of the sale,

exchange or other disposition. Long-term capital

gain of a U. S.

Non-Corporate Holder is

taxable

at

preferential U. S.

Federal income

tax

rates.

A

U. S.

Holder’s ability

to

deduct capital

losses

is

subject to certain limitations.

PFIC Status and Significant Tax Consequences

Special

U. S.

federal

income

tax

rules

apply

to

a

U. S.

Holder

that

holds

stock

in

a

foreign

corporation

classified as a passive foreign investment company,

or a “ PFIC”, for U. S. federal income tax purposes. In

general, the

Company will

be treated

as a

PFIC with

respect to

a U. S.

Holder if,

for any

taxable year

in

which such Holder held the Company’s common stock, either:

•

at least 75% of the Company’s gross income for such taxable year consists of passive

income (e. g., dividends, interest, capital gains and rents derived other

than in the

active conduct of a rental business), or

•

at least 50% of the average value of the assets held by the corporation

during such

taxable year produce, or are held for the production of, such passive

income.

For purposes of determining whether

the