# EDGAR Filing Document

**Accession Number:** 0001838395
**File Stem:** 0001213900-26-060680
**Filing Date:** 2026-5
**Character Count:** 10852
**Document Hash:** c639f79ca9ae39c437d027b45c1fd57e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-26-060680.hdr.sgml**: 20260522

**ACCESSION NUMBER**: 0001213900-26-060680

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20260522

**DATE AS OF CHANGE**: 20260522

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Tax-Free Fixed Income Fund III for Puerto Rico Residents, Inc.
- **CENTRAL INDEX KEY:** 0001847304

**ORGANIZATION NAME:**
- **EIN:** 660645494
- **STATE OF INCORPORATION:** PR
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-92909
- **FILM NUMBER:** 261015172

**BUSINESS ADDRESS:**
- **STREET 1:** 250 MUNOZ RIVERA
- **STREET 2:** TENTH FLOOR
- **CITY:** SAN JUAN
- **STATE:** PR
- **ZIP:** 00918
- **BUSINESS PHONE:** 787-250-3600

**MAIL ADDRESS:**
- **STREET 1:** 250 MUNOZ RIVERA
- **STREET 2:** TENTH FLOOR
- **CITY:** SAN JUAN
- **STATE:** PR
- **ZIP:** 00918

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Puerto Rico Fixed Income Fund III, Inc.
- **DATE OF NAME CHANGE:** 20210222
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Ocean Capital LLC
- **CENTRAL INDEX KEY:** 0001838395

**ORGANIZATION NAME:**
- **EIN:** 660833476
- **STATE OF INCORPORATION:** PR
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**BUSINESS ADDRESS:**
- **STREET 1:** METRO OFFICE PARK
- **STREET 2:** 8 CALLE #1, SUITE 401
- **CITY:** GUAYNABO
- **STATE:** PR
- **ZIP:** 00968
- **BUSINESS PHONE:** 787-979-2165

**MAIL ADDRESS:**
- **STREET 1:** METRO OFFICE PARK
- **STREET 2:** 8 CALLE #1, SUITE 401
- **CITY:** GUAYNABO
- **STATE:** PR
- **ZIP:** 00968

## Ex-99.A

**Schedule A**

**Transactions in the Fund's Securities During the Last 60**

**Days Ocean Capital**

---

| | | | |
|:---|:---|:---|:---|
| Nature of the Transaction | Securities <br>Purchased (Sold) | Price Per Share | Date of Transaction |
| &nbsp;&nbsp;Sale | 28712 | $1.67 | &nbsp;&nbsp;Apr 16, 2026 |
| &nbsp;&nbsp;Sale | 8000 | $1.67 | &nbsp;&nbsp;Apr 7, 2026 |
| &nbsp;&nbsp;Sale | 13407 | $1.67 | &nbsp;&nbsp;Apr 6, 2026 |

---

Other than as disclosed in this Schedule A, there was no transaction in shares of Common Stock by the Reporting Persons during the past sixty days.

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 8)**

**Tax-Free Fixed Income Fund III for Puerto Rico Residents, Inc.**

*(Name of Issuer)*

**Common Shares, $0.01 par value**

*(Title of Class of Securities)*

**—**

*(CUSIP Number)*

**W. Heath Hawk**<br>GAM Tower, 2 Tabonuco St.,<br>Suite 200<br>Guaynabo PR 00968<br>(770) 777-9373

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**05/20/2026**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Ocean Capital LLC** | Name of reporting person<br>**Ocean Capital LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**PR** | Citizenship or place of organization<br>**PR** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**1794528.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**1794528.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**1794528.00** | Aggregate amount beneficially owned by each reporting person<br>**1794528.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**6.2%** | Percent of class represented by amount in Row (11)<br>**6.2%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Comment for Reporting Person:** Box 13 - The percentages used herein are based upon 28,772,928 shares of common stock outstanding, which represents the shares of common stock outstanding as of December 31, 2025, according to the Issuer's semi-annual certified shareholder report, filed with the Securities and Exchange Commission (the "SEC") on March 6, 2026 (the "Shareholder Report").

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**William Heath Hawk** | Name of reporting person<br>**William Heath Hawk** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**PF** | Source of funds (See Instructions)<br>**PF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**9906.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**1794528.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**9906.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**1794528.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**1804434.00** | Aggregate amount beneficially owned by each reporting person<br>**1804434.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**6.2%** | Percent of class represented by amount in Row (11)<br>**6.2%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** Box 13 - The percentages used herein are based upon 28,772,928 shares of common stock outstanding, as disclosed in the Shareholder Report.

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Common Shares, $0.01 par value

**(b) Name of Issuer:**
Tax-Free Fixed Income Fund III for Puerto Rico Residents, Inc.

**(c) Address of Issuer's Principal Executive Offices:**
250 Munoz Rivera Avenue, American International Plaza, 10th Floor, San Juan, PR, 00918

The following constitutes Amendment No. 8 ("Amendment No. 8") to the Schedule 13D initially filed by the undersigned with the Securities and Exchange Commission (the "SEC") on October 6, 2021, as subsequently amended from time to time (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:

On May 20, 2026, Ocean Capital submitted a shareholder proposal to the Issuer consistent with, and as permitted by, Rule 14a-8 under the Securities Exchange Act of 1934 (the "Proposal"). The purpose of the Proposal is to permit shareholders to vote at the 2026 annual meeting of the shareholders of the Issuer to terminate the investment advisory agreement between the Issuer and its investment adviser, UBS Investment Managers of Puerto Rico, pursuant to the right of shareholders as embodied in Section 15(a)(3) of the Investment Company Act of 1940, such termination to be effective no more than sixty days following the date of shareholder approval thereof.

**Item 5. Interest in Securities of the Issuer**

**(a)**
Interest in Securities of the Issuer:

The percentages used herein are based upon 28,772,928 shares of common stock outstanding, as disclosed in the Shareholder Report.

A. As of the close of business on May 22, 2026, Ocean Capital beneficially owned 1,794,528.00 shares of Common Stock representing approximately 6.2% of the outstanding Common Stock of the Issuer.

B. As of the close of business on May 22, 2026, William Heath Hawk beneficially owned 1,804,434.00 shares of Common Stock representing approximately 6.2% of the outstanding Common Stock of the Issuer.

**(b)**
A. Ocean Capital LLC

1. Sole power to vote or direct vote: 0

2. Shared power to vote or direct vote: 1,794,528.00

3. Sole power to dispose or direct the disposition: 0

4. Shared power to dispose or direct the disposition: 1,794,528.00

B. William Heath Hawk

1. Sole power to vote or direct vote: 9,906.00

2. Shared power to vote or direct vote: 1,794,528.00

3. Sole power to dispose or direct the disposition: 9,906.00

4. Shared power to dispose or direct the disposition: 1,794,528.00

**(c)**
A. The transactions in the shares of Common Stock by the Reporting Persons during the past sixty days are set forth in Schedule A and are incorporated herein by reference.

### 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.

**Reporting Person:** Ocean Capital LLC

**Signature:** /s/ William Heath Hawk

**Name/Title:** William Heath Hawk/Managing Member

**Date:** 05/22/2026

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.

**Reporting Person:** William Heath Hawk

**Signature:** /s/ William Heath Hawk

**Name/Title:** William Heath Hawk

**Date:** 05/22/2026