SAN JUAN, Puerto Rico–(Enterprise WIRE)–Ocean Funds LLC right now issued the subsequent letter to shareholders of Tax-Cost-free Preset Profits Fund IV for Puerto Rico Residents, Inc. and Tax-Free of charge Fixed Profits Fund V for Puerto Rico Residents, Inc., which are funds managed by an affiliate of UBS Financial Services Integrated of Puerto Rico:
Expensive Fellow Shareholders,
Ocean Funds LLC and the other contributors in its solicitations (collectively, “Ocean Capital” or “we”) are anxious shareholders of Tax-Cost-free Fixed Revenue Fund IV for Puerto Rico Citizens, Inc. (“Fund IV”) and Tax-Cost-free Set Earnings Fund V for Puerto Rico Citizens, Inc. (“Fund V”), every single of which is managed by an affiliate of UBS Financial Providers Integrated of Puerto Rico (collectively, “UBS”). We urge you to vote on the BLUE Proxy Card to elect our highly-skilled and unbiased nominees to the Boards of Administrators (the “Boards”) of Fund IV and Fund V at their impending Once-a-year Meetings of Shareholders (the “Annual Meetings”).
We want to get this option to thank our fellow shareholders for their frustrating support in new weeks. We have received a substantial amount of money of unsolicited feedback from shareholders, which includes many who concur with our evaluation that the incumbent administrators have presided over extended price destruction and a sequence of unacceptable entrenchment maneuvers. We urge the Boards to start out showing regard for shareholders’ legal rights by:
- Ceasing all entrenchment maneuvers, together with possible litigation, that end result in the waste of shareholder capital and the illegal prioritization of the interests of badly-executing directors.
- Confirming the acceptance of our legitimate nominations of director candidates.
- Selecting an Impartial Inspector of Elections to guarantee whole, fair and prompt election outcomes are produced adhering to the Once-a-year Conferences.
If our slates are elected at the Annual Conferences, shareholders can belief that it will be a new day at Fund IV and Fund V. Our director candidates will focus on providing increased benefit for very long-struggling shareholders, such as by analyzing enhanced asset management techniques, share repurchases and orderly liquidations.
Should really you have any concerns about how to vote on the BLUE proxy card or BLUE voting instruction form to elect our nominees, call our proxy solicitor at [email protected] You can also check out www.ImproveUBSPRFunds.com to learn about our campaigns.
W. Heath Hawk
Ocean Funds, LLC
VOTE “FOR” OCEAN CAPITAL’S Hugely-Capable DIRECTOR CANDIDATES ON THE BLUE PROXY CARD Now.
IF YOU ARE A FUND ADVISOR WITH Customers WHO Wish TO Physical exercise THEIR Ideal FOR Adjust BY VOTING A BLUE PROXY CARD, Make sure you Speak to OUR PROXY SOLICITOR, MORROW SODALI, AT (203) 658-9400 OR (800) 662-5200, OR By means of E-MAIL AT [email protected]
Certain Details Concerning THE Individuals
To the Shareholders of Tax-No cost Fixed Income Fund IV for Puerto Rico People, Inc.:
Ocean Funds LLC, William Heath Hawk, José R. Izquierdo II and Roxana Cruz-Rivera (all of the foregoing, the “Fund IV Participants”) have filed a definitive proxy statement and accompanying type of BLUE proxy card with the Securities and Exchange Commission (“SEC”) to be used in relationship with the solicitation of proxies from the shareholders of Fund IV. All shareholders of Fund IV are suggested to go through the definitive proxy assertion and other paperwork similar to the solicitation of proxies by the Fund IV Individuals filed with the SEC, as they comprise important information and facts, together with added facts relating to the Fund IV Participants. Shareholders can obtain the definitive proxy statement and accompanying BLUE proxy card, any amendments or supplements to the definitive proxy statement and other suitable files filed by the Fund IV Contributors with the SEC at no cost on the SEC’s internet site at http://www.sec.gov.
To the Shareholders of Tax-Free Preset Money Fund V for Puerto Rico People, Inc.:
Ocean Cash LLC, William Heath Hawk, José R. Izquierdo II, Roxana Cruz-Rivera and Brent D. Rosenthal (all of the foregoing, the “Fund V Participants”) have submitted a definitive proxy assertion and accompanying form of BLUE proxy card with the Securities and Trade Fee (“SEC”) to be applied in relationship with the solicitation of proxies from the shareholders of Fund V. All shareholders of Fund V are suggested to go through the definitive proxy assertion and other paperwork connected to the solicitation of proxies by the Fund V Participants filed with the SEC, as they consist of essential facts, together with more information relating to the Fund V Individuals. Shareholders can acquire the definitive proxy assertion and accompanying BLUE proxy card, any amendments or health supplements to the definitive proxy statement and other relevant paperwork submitted by the Fund V Participants with the SEC at no charge on the SEC’s web-site at http://www.sec.gov.