Shareholders of Puerto Rico Closed-End Fund Elect Ocean Capital Nominee and Support Terminating Management Agreements with UBS and Popular

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--Ocean Capital LLC (collectively with its affiliates, “Ocean Capital” or “we”), a significant shareholder of various Puerto Rico closed-end bond funds (the “Funds”) that are managed or co-managed by an affiliate of UBS Financial Services Incorporated of Puerto Rico, today announced that shareholders of Puerto Rico Residents Tax-Free Fund, Inc. (“PRITF I”) voted to elect Ocean Capital’s highly-qualified nominee, Ian McCarthy, by a 36:1 margin at the 2023 An