Ocean Capital Calls on Popular Asset Management, UBS and the Board of Directors of Puerto Rico Closed-End Fund PRITF I to Answer Questions Regarding Popular’s Resignation as Advisor

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 UBS Asset Managers of Puerto Rico (“UBS”), today called on Popular Asset Management LLC (“Popular”), UBS and the Board of Directors (the “Board”) of Puerto Rico Residents Tax-Free Fund, Inc. (“PRITF I” or the “Fund”) to address a series of pressing questions pe