United States Court of Appeals 

For the First Circuit 

No. 19-1699 

IN RE: THE FINANCIAL OVERSIGHT AND MANAGEMENT BOARD FOR PUERTO 

RICO, AS REPRESENTATIVE FOR THE COMMONWEALTH OF PUERTO RICO; THE 

FINANCIAL OVERSIGHT AND MANAGEMENT BOARD FOR PUERTO RICO, AS 

REPRESENTATIVE FOR THE PUERTO RICO HIGHWAYS AND TRANSPORTATION 

AUTHORITY; THE FINANCIAL OVERSIGHT AND MANAGEMENT BOARD FOR 

PUERTO RICO, AS REPRESENTATIVE FOR THE PUERTO RICO ELECTRIC 

POWER AUTHORITY (PREPA); THE FINANCIAL OVERSIGHT AND MANAGEMENT 

BOARD FOR PUERTO RICO, AS REPRESENTATIVE FOR THE PUERTO RICO 

SALES TAX FINANCING CORPORATION, a/k/a Cofina; THE FINANCIAL 

OVERSIGHT AND MANAGEMENT BOARD FOR PUERTO RICO, AS 

REPRESENTATIVE FOR THE EMPLOYEES RETIREMENT SYSTEM OF THE 

GOVERNMENT OF THE COMMONWEALTH OF PUERTO RICO, 

Debtors. 

THE FINANCIAL OVERSIGHT AND MANAGEMENT BOARD FOR PUERTO RICO, AS 

REPRESENTATIVE FOR THE EMPLOYEES RETIREMENT SYSTEM OF THE 

GOVERNMENT OF THE COMMONWEALTH OF PUERTO RICO, 

Plaintiff, Appellee, 

OFFICIAL COMMITTEE OF RETIRED EMPLOYEES OF THE COMMONWEALTH OF 

PUERTO RICO, 

Interested Party, Appellee, 

v. 

ANDALUSIAN GLOBAL DESIGNATED ACTIVITY COMPANY; GLENDON 

OPPORTUNITIES FUND, LP; MASON CAPITAL MASTER FUND LP; OAKTREE 

OPPORTUNITIES FUND IX (PARALLEL 2), L.P.; OAKTREE OPPORTUNITIES 

FUND IX, L.P.; OAKTREE VALUE OPPORTUNITIES FUND, L.P.; OAKTREEFORREST MULTI-STRATEGY, L.L.C. (SERIES B); OCHER ROSE, L.L.C.; 

SV CREDIT, L.P., 

Defendants, Appellants, 

PUERTO RICO AAA PORTFOLIO BOND FUND II, INC.; PUERTO RICO AAA 

PORTFOLIO BOND FUND, INC.; PUERTO RICO AAA PORTFOLIO TARGET 
MATURITY FUND, INC.; PUERTO RICO FIXED INCOME FUND II, INC.; 

PUERTO RICO FIXED INCOME FUND III, INC.; PUERTO RICO FIXED 

INCOME FUND IV, INC.; PUERTO RICO FIXED INCOME FUND V, INC.; 

PUERTO RICO FIXED INCOME FUND, INC.; PUERTO RICO GNMA AND U.S. 

GOVERNMENT TARGET MATURITY FUND, INC.; PUERTO RICO INVESTORS 

BOND FUND I, INC.; PUERTO RICO INVESTORS TAX-FREE FUND II, INC.; 

PUERTO RICO INVESTORS TAX-FREE FUND III, INC.; PUERTO RICO 

INVESTORS TAX-FREE FUND IV, INC.; PUERTO RICO INVESTORS TAX-FREE 

FUND V, INC.; PUERTO RICO INVESTORS TAX-FREE FUND VI, INC.; 

PUERTO RICO INVESTORS TAX-FREE FUND, INC.; PUERTO RICO MORTGAGEBACKED & U.S. GOVERNMENT SECURITIES FUND, INC.; TAX-FREE PUERTO 

RICO FUND II, INC.; TAX-FREE PUERTO RICO FUND, INC.; TAX-FREE 

PUERTO RICO TARGET MATURITY FUND, INC.; UBS IRA SELECT GROWTH & 

INCOME PUERTO RICO FUND; ALTAIR GLOBAL CREDIT OPPORTUNITIES FUND 

(A), LLC; NOKOTA CAPITAL MASTER FUND, L.P., 

Defendants. 

No. 19-1700 

IN RE: THE FINANCIAL OVERSIGHT AND MANAGEMENT BOARD FOR PUERTO 

RICO, AS REPRESENTATIVE FOR THE COMMONWEALTH OF PUERTO RICO; THE 

FINANCIAL OVERSIGHT AND MANAGEMENT BOARD FOR PUERTO RICO, AS 

REPRESENTATIVE FOR THE PUERTO RICO HIGHWAYS AND TRANSPORTATION 

AUTHORITY; THE FINANCIAL OVERSIGHT AND MANAGEMENT BOARD FOR 

PUERTO RICO, AS REPRESENTATIVE FOR THE PUERTO RICO ELECTRIC 

POWER AUTHORITY (PREPA); THE FINANCIAL OVERSIGHT AND MANAGEMENT 

BOARD FOR PUERTO RICO, AS REPRESENTATIVE FOR THE PUERTO RICO 

SALES TAX FINANCING CORPORATION, a/k/a Cofina; THE FINANCIAL 

OVERSIGHT AND MANAGEMENT BOARD FOR PUERTO RICO, AS 

REPRESENTATIVE FOR THE EMPLOYEES RETIREMENT SYSTEM OF THE 

GOVERNMENT OF THE COMMONWEALTH OF PUERTO RICO, 

Debtors. 

THE FINANCIAL OVERSIGHT AND MANAGEMENT BOARD FOR PUERTO RICO, AS 

REPRESENTATIVE FOR THE EMPLOYEES RETIREMENT SYSTEM OF THE 

GOVERNMENT OF THE COMMONWEALTH OF PUERTO RICO, 

Plaintiff, Appellee, 
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES OF THE COMMONWEALTH OF 

PUERTO RICO, 

Interested Party, Appellee, 

v. 

PUERTO RICO AAA PORTFOLIO TARGET MATURITY FUND, INC.; PUERTO 

RICO AAA PORTFOLIO BOND FUND, INC.; 

PUERTO RICO AAA PORTFOLIO BOND FUND II, INC.; PUERTO RICO FIXED 

INCOME FUND II, INC.; PUERTO RICO FIXED INCOME FUND III, INC.; 

PUERTO RICO FIXED INCOME FUND IV, INC.; PUERTO RICO FIXED INCOME 

FUND V, INC.; PUERTO RICO FIXED INCOME FUND, INC.; PUERTO RICO 

GNMA AND U.S. GOVERNMENT TARGET MATURITY FUND, INC.; PUERTO RICO 

INVESTORS BOND FUND I, INC.; PUERTO RICO INVESTORS TAX-FREE FUND 

II, INC.; PUERTO RICO INVESTORS TAX-FREE FUND III, INC.; PUERTO 

RICO INVESTORS TAX-FREE FUND IV, INC.; PUERTO RICO INVESTORS 

TAX-FREE FUND V, INC.; PUERTO RICO INVESTORS TAX-FREE FUND VI, 

INC.; PUERTO RICO INVESTORS TAX-FREE FUND, INC.; PUERTO RICO 

MORTGAGE-BACKED & U.S. GOVERNMENT SECURITIES FUND, INC.; TAXFREE PUERTO RICO FUND II, INC.; TAX-FREE PUERTO RICO FUND, INC.; 

TAX-FREE PUERTO RICO TARGET MATURITY FUND, INC., 

Defendants, Appellants, 

ALTAIR GLOBAL CREDIT OPPORTUNITIES FUND (A), LLC; ANDALUSIAN 

GLOBAL DESIGNATED ACTIVITY COMPANY; GLENDON OPPORTUNITIES FUND, 

LP; MASON CAPITAL MASTER FUND LP; NOKOTA CAPITAL MASTER FUND, 

L.P.; OAKTREE OPPORTUNITIES FUND IX (PARALLEL 2), L.P.; OAKTREE 

OPPORTUNITIES FUND IX, L.P.; OAKTREE VALUE OPPORTUNITIES FUND, 

L.P.; OAKTREE-FORREST MULTI-STRATEGY, L.L.C. (SERIES B); OCHER 

ROSE, L.L.C.; SV CREDIT, L.P.; UBS IRA SELECT GROWTH & INCOME 

PUERTO RICO FUND, 

Defendants. 

ERRATA SHEET

 The opinion of this Court, issued on January 30, 2020, is 

amended as follows: 

On page 19, line 5, insert a new footnote after "Enabling Act". 

We are not faced with and do not decide the issues 

pending before the Title III court concerning liens on 
prepetition Additional Uniform Contributions. See 

Adversary Complaint, Fin. Oversight & Mgmt. Bd. for P.R. 

v. Glendon Opportunities Fund LP (In re Fin. Oversight 

& Mgmt. Bd. for P.R.), No. 19-00367-LTS (D.P.R. May 20, 

2019), ECF No. 1.