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prima:Another of UBS’s closed-end mutual funds was liquidated

The board of directors of the Tax Free Fund for Puerto Rico Residents approved a distribution of nearly $45.4 million after selling most of its assets

December 17, 2025 - 3:50 PM

UBS building in Hato Rey
The liquidation of the funds came after the board of directors of Puerto Rico's three closed-end mutual funds was reconfigured last summer following a lengthy legal battle between Ocean Capital and UBS Financial Services of Puerto Rico, which had been the administrator of the funds for some three decades. (Archivo .)

The board of directors of one of Puerto Rico’s closed-end mutual funds authorized the payment of a dividend to shareholders as part of the liquidation process of the investment vehicle, Atlas Asset Management LLC, interim advisor to the funds, recently announced.

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