Company: TGE
Filing Date: 2025-04-11
Form Type: F-4
Source: 0001213900-25-031177
Chunk: 386

Company: Generation Essentials Group
Filing Date: 2025-04-11
Form: F-4
Chunk 386
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 tax will be imposed on the U.S. Holder in respect of the tax attributable to each such other taxable year of such U.S. Holder. ALL U.S. HOLDERS SHOULD CONSULT THEIR TAX ADVISORS REGARDING THE EFFECTS OF THE PFIC RULES ON THE EXCHANGE OR REDEMPTION OF TGE ORDINARY SHARES OR ON THE OWNERSHIP OR DISPOSITION OF TGE SECURITIES, INCLUDING THE IMPACT OF ANY PROPOSED OR FINAL TREASURY REGULATIONS. QEF Election and Mark-to -Market Election and Purging Election. In general, a U.S. Holder may avoid the Default PFIC Regime with respect to its Shares (but not Warrants) by making a timely and effective “qualified electing fund” election under Section 1295 of the Code (a “QEF Election”) with respect to such shares for such holder’s First PFIC Holding Year. A U.S. Holder that makes a QEF Election will include in income its pro rata share of an entity’s capital gains (as long term capital gain) and other earnings and profits (as ordinary income), on a current basis, in each case whether or not distributed, in the taxable year of the U.S. Holder in which or with which the entity’s taxable year ends if such entity is treated as a PFIC for that taxable year. In order to comply with the requirements of a QEF Election with respect to shares in a PFIC, a U.S. Holder must receive certain information from the PFIC. Because TGE does not intend to provide such information with respect to TGE, however, the QEF Election will not be available to U.S. Holders with respect to TGE Class A Ordinary Shares. If BSII is considered a PFIC for the taxable year during which the Business Combination occurs, TGE has agreed to endeavor to provide such information with respect to BSII for such taxable year, but there is no assurance that TGE will have timely knowledge of BSII’s status as a PFIC in the future or of such information. 251 A U.S. Holder may not make a QEF Election with respect to its Warrants. As a result, if a U.S. Holder sells or otherwise disposes of such Warrants (other than upon exercise of such Warrants) and TGE or BSII (as the case may be) was a PFIC at any time during the U.S. Holder’s holding period of such warrants, any gain recognized will generally be subject to