Filing Details
- Accession Number:
- 0001213900-25-063439
- Form Type:
- 13D Filing
- Publication Date:
- 2025-07-10 20:00:00
- Filed By:
- Ocean Capital LLC
- Company:
- Puerto Rico Residents Tax-Free Fund Iv Inc.
- Filing Date:
- 2025-07-11
- SEC Url:
- 13D Filing
Ownership Summary
Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| Ocean Capital LLC | 0 | 636,494 | 0 | 636,494 | 636,494 | 6.9% |
| William Heath Hawk | 0 | 636,494 | 0 | 636,494 | 636,494 | 6.9% |
| Brent D. Rosenthal | 0 | 0 | 0 | 0 | 0 | 0% |
| Jose R. Izquierdo II | 0 | 0 | 0 | 0 | 0 | 0% |
Filing
|
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 8)
|
Puerto Rico Residents Tax-Free Fund IV, Inc. (Name of Issuer) |
Common Shares, $0.01 par value (Title of Class of Securities) |
74527N108 (CUSIP Number) |
W. Heath Hawk GAM Tower, 2 Tabonuco St.,, Suite 200 Guaynabo, PR, 00968 (770) 777-9373 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
07/09/2025 (Date of Event Which Requires Filing of This Statement) |
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the
Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other
provisions of the Act (however, see the Notes).
SCHEDULE 13D
|
| CUSIP No. | 74527N108 |
| 1 |
Name of reporting person
Ocean Capital LLC | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
WC | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
PUERTO RICO
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
636,494.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
6.9 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
OO |
Comment for Type of Reporting Person:
Box 13 - The percentages used herein are calculated based upon 9,181,964 shares of common stock outstanding, which represents the shares outstanding as of February 28, 2025, according to the Issuer's certified shareholder report filed on form N-CSR with the Securities and Exchange Commission (the "SEC") on May 8, 2025 (the "Shareholder Report").
SCHEDULE 13D
|
| CUSIP No. | 74527N108 |
| 1 |
Name of reporting person
William Heath Hawk | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
WC, PF | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
UNITED STATES
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
636,494.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
6.9 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
IN |
Comment for Type of Reporting Person:
Box 8 - These shares are deemed to be beneficially owned by Mr. Hawk in his capacity as managing member of Ocean Capital LLC.
Box 13 - The percentages used herein are calculated based upon 9,181,964 shares of common stock outstanding as of February 28, 2025, as disclosed in the Shareholder Report.
SCHEDULE 13D
|
| CUSIP No. | 74527N108 |
| 1 |
Name of reporting person
Brent D. Rosenthal | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
OO | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
UNITED STATES
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
0.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
IN |
SCHEDULE 13D
|
| CUSIP No. | 74527N108 |
| 1 |
Name of reporting person
Jose R. Izquierdo II | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
OO | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
UNITED STATES
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
0.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
IN |
SCHEDULE 13D
|
| Item 1. | Security and Issuer | |
| (a) | Title of Class of Securities:
Common Shares, $0.01 par value | |
| (b) | Name of Issuer:
Puerto Rico Residents Tax-Free Fund IV, Inc. | |
| (c) | Address of Issuer's Principal Executive Offices:
270 Munoz Rivera Avenue, Suite 1110, San Juan,
PUERTO RICO
, 00918. | |
Item 1 Comment:
The following constitutes Amendment No. 8 ("Amendment No. 8") to the Schedule 13D filed by the undersigned with the SEC on November 17, 2021, as amended by the Amendment No. 1 filed on December 8, 2021, Amendment No. 2 filed on April 29, 2022, Amendment No. 3 filed on June 7, 2022, Amendment No. 4 filed on September 14, 2023, Amendment No. 5 filed on November 15, 2024, Amendment No. 6 filed on November 25, 2024 and Amendment No. 7 filed on December 9, 2024 (collectively, the "Schedule 13D"). This Amendment No. 8 amends the Schedule 13D as specifically set forth herein. Capitalized terms used but not defined herein have the meanings ascribed to them in the Schedule 13D. | ||
| Item 4. | Purpose of Transaction | |
Item 4 is hereby supplemented to add the following paragraphs: On July 9, 2025 Ocean Capital sent a letter to the Issuer containing a stockholder proposal, under Rule 14a-8, for presentation to the Issuer's stockholders at the Issuer's 2025 annual meeting of stockholders, to terminate all existing investment advisory and management agreements between the Issuer and its investment advisor (the "2025 Proposal Letter").
The foregoing summary of the 2025 Proposal Letter does not purport to be complete and is qualified in its entirety by reference to the full text of the 2025 Proposal Letter, a copy of which is attached hereto as Exhibit F. | ||
| Item 7. | Material to be Filed as Exhibits. | |
Item 7 is hereby supplemented with the following exhibit:
Exhibit F: Letter from Ocean Capital to Puerto Rico Residents Tax-Free Fund IV, Inc., dated July 9, 2025. | ||
| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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