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prima:UBS proposes consolidating six of Puerto Rico’s closed-end mutual funds

The firm says the move will bring savings, but the proposal would exclude the executives of Ocean Capital who were recognized by the Court of Appeals

June 10, 2025 - 6:10 PM

Edificio UBS en Hato Rey
View of the American International Plaza building, where UBS Financial Services is headquartered in Puerto Rico. (Archivo)

UBS Financial Services of Puerto Rico, which manages Puerto Rico’s first family of closed-end mutual funds, intends to reorganize the management of six of its funds, consolidating them into Puerto Rico Residents Bond Fund I, Inc. according to a filing with the Securities and Exchange Commission (SEC).

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