Manuel Antonio Moreda

X Square Capital LLC is an independent, SEC-registered asset management firm headquartered in San Juan, Puerto Rico. The firm was founded by Ignacio Canto in 2013 and they provide investment advisory services for individual and institutional clients through separately managed accounts. They also provide advisory services to the following funds: X2 Alternative Dividend Alpha Fund, Inc., X2 Opportunistic Debt Fund LLC, X-Square Balanced Fund LLC and X2 Cav Master, LP.

Santander Asset Management LLC (SAM) is an investment adviser headquartered in San Juan, Puerto Rico. They are a wholly-owned subsidiary of Santander BanCorp., ultimately held by Banco Santander SA (BME: SAN) in Spain. SAM provides investment management services to the First Puerto Rico Family of Funds (PR Funds) as well as various institutional clients, which include state government entities within different industries (such as insurance companies and university endowments), corporations or other organizations and corporate pension plans.

Santander Securities LLC is a registered broker-dealer headquartered in Dorchester, Massachusetts. The firm was founded in 1996 and is a subsidiary of Santander Holdings USA, Inc., which is owned by Banco Santander SA (BME: SAN) in Spain. Santander Securities offers a spectrum of broking services to small- and medium-size businesses, corporations, and individuals.