US Tax Information
US Tax Information
Distributions we pay to U.S. unitholders will be treated as a dividend for U.S. federal income tax purposes to the extent the distributions come from earnings and profits (E&P) and as a non-dividend distribution or a return of capital (ROC) to the extent the distributions exceed E&P.
Distributions we pay to a non-U.S. unitholder will not be subject to U.S. federal income tax or withholding tax if the non-U.S. unitholder is not engaged in a U.S. trade or business.
For more detailed tax commentary, please refer to the most recent 20-F for Global Ship Lease, Inc. (the Company).
The chart below describes the total distributions made by the Company in 2023 and the reporting of such distributions on United States Internal Revenue Service (IRS) Form 1099.
Please note that the determination of whether these distributions constitute a dividend from E&P or a ROC is not made for U.S. federal income tax purposes until the end of the fiscal year. If you are a U.S. unitholder and you received an IRS Form 1099 that does not set forth such amounts, you should contact your broker or tax advisor.
Holders are directed to consult their own tax advisors to determine the appropriate tax treatment with respect to the distributions.
Class A Common Shares
|
Record |
Total Distribution |
Amount Reported as a Qualified Dividend in Item 1 (b) of Form 1099 |
% Reported as a Qualified Dividend in Item 1 (b) of Form 1099 |
Amount Reported as a Non-dividend distribution in Item 3 of Form 1099 |
% Reported as a Non-dividend Distribution in Item 3 of Form 1099 |
|
02/22/2023 |
$13,350,630 |
$13,309,145 |
100.0% |
$0 |
0% |
|
05/24/2023 |
$13,340,216 |
$13,236,689 |
100% |
$0 |
0% |
|
08/23/2023 |
$13,300,039 |
$13,267,316 |
100% |
$0 |
0% |
|
11/24/2023 |
$13,257,779 |
$13,198,599 |
100% |
$0 |
0% |
GSL 8.75% Series B Perpetual Preferred Shares
|
Record |
Total Distribution |
Amount Reported as a Qualified Dividend in Item 1 (b) of Form 1099 |
% Reported as a Qualified Dividend in Item 1 (b) of Form 1099 |
Amount Reported as a Non-dividend distribution in Item 3 of Form 1099 |
% Reported as a Non-dividend Distribution in Item 3 of Form 1099 |
|
03/27/2023 |
$2,383,932 |
$2,383,932 |
100.0% |
$0 |
0% |
|
06/26/2023 |
$2,383,932 |
$2,383,932 |
100.0% |
$0 |
0% |
|
09/25/2023 |
$2,383,932 |
$2,383,932 |
100.0% |
$0 |
0% |
|
12/21/2023 |
$2,383,932 |
$2,383,932 |
100.0% |
$0 |
0% |