October 24, 2013 Comments (0) Blog, Securities Fraud

UBS Puerto Rico Fund NAVs

(Last Updated On: July 17, 2015)

With all the news swirling around about UBS’s family of Puerto Rico Funds and the losses that people have suffered, many investors are concerned about their investments.

UBS provides a weekly update on the Net Asset Value (NAV) of certain of these funds.  Specifically, the Banco Popular de Puerto Rico calculates the net asset value of each Funds’ shares every Wednesday.  The following is the disclosed NAV of some of these funds as of October 17, 2013.

Puerto Rico Investors Tax-Free Fund (Cusip 745274100) – $3.90 NAV

Puerto Rico Investors Tax-Free Fund II (Cusip 74527K104) – $3.75 NAV

Puerto Rico Investors Tax-Free Fund III (Cusip 74527M100) – $4.14 NAV

Puerto Rico Investors Tax-Free Fund IV (Cusip 74527N108) – $3.60 NAV

Puerto Rico Investors Tax-Free Fund V (Cusip 74527Q101) – $3.92 NAV

Puerto Rico Investors Tax-Free Fund VI (Cusip 745276105) – $4.72 NAV

Puerto Rico Tax-Free Target Maturity Fund (Cusip 745296103) – $1.06 NAV

Puerto Rico Tax-Free Target Maturity Fund II (Cusip 74529P101) – $1.59 NAV

Puerto Rico Investors Bond Fund (Cusip 74527G103) – $4.21 NAV*

* The Puerto Rico Investors Bond Fund was formerly the Flexible Allocation Fund)

Of course, these values are only the NAV (the market value of all assets minus liabilities divided by the number of shares outstanding.  This is not necessarily the value that someone will pay for these shares.  Since UBS was often the sole market maker for its Puerto Rico closed-end funds, getting full value for these shares may be difficult.

Investors should consider all their options to recover their investments, including their litigation options.

The White Law Group continues to investigate the liability that brokerage firms have for selling the UBS Puerto Rico Funds.

Brokerage firms and financial advisers have a fiduciary duty to perform due diligence on any investment and to insure that an investment is appropriate in light of the investor’s age, investment experience, and investment objectives. If a broker or brokerage firm fails in these responsibilities, investors may have an actionable claim to recover their investment losses in a claim through FINRA dispute resolution.

If you are concerned about your investment in a UBS Puerto Rico bond fund and would like to speak to a securities attorney about whether you have a potential FINRA dispute resolution claim, please call the securities attorneys of The White Law Group’s at 561-807-6804 for a free consultation.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Boca Raton, Florida and Chicago, Illinois.

For more information on The White Law Group, please visit our website at http://www.whitesecuritieslaw.com.

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