Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 214

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 10
Chunk 214
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,

is attributable

to a

fixed place

of business

in the

United States.

We

do not

intend to

have, or

permit

circumstances that

would result

in

having a

vessel

operating to

the

United

States on

a regularly

scheduled basis.

Based on the foregoing and on

the expected mode of our shipping

operations and other

activities, we believe that

none of our

U. S. source Shipping Income

will be effectively

connected with the

conduct of a U. S. trade or business.

Gain on Sale of Vessels

Regardless of whether we

qualify for exemption under

Section 883 of the Code,

we will not be

subject to

U. S.

federal

income

taxation

with

respect

to

gain

realized

on

a

sale

of

a

vessel,

provided

the

sale

is

considered to

occur outside

of the

United States under

U. S. federal

income tax

principles.

In general,

a

sale of a

vessel will

be considered

to occur

outside of

the United States

for this

purpose if

title to the

vessel,

and risk of

loss with respect

to the vessel,

pass to the

buyer outside of

the United States.

It is expected

that any sale of a vessel by us will be considered to occur outside of

the United States.

United States Taxation of U. S. Holders

The

following

is

a

discussion

of

the

material

U. S.

federal

income

tax

considerations

relevant

to

an

investment decision

by a

U. S. Holder, as

defined below, with

respect to

our common

stock. This discussion

does

not

purport

to

deal

with

the

tax

consequences

of

owning

our

common

stock

to

all

categories

of

investors,

some

of

which may

be

subject to

special rules. You

are

encouraged to

consult your

own tax

advisors

concerning

the

overall

tax

consequences

arising

in

your

own

particular

situation

under

U. S.

federal, state, local or foreign law