Form 4: UBS Group AG Disposes of Eaton Vance Auction Preferred

UBS Group AG reported the disposal of 1,022 shares of Auction Preferred Stock in Eaton Vance Senior Income Trust.

Summary

• UBS Group AG filed a Form 4 reporting the disposal of 1,022 shares of Auction Preferred Stock in Eaton Vance Senior Income Trust (EVF).
• The transaction occurred on May 29, 2026.
• The shares were disposed of at a price of $24,500 per share, representing 98% of par value.
• Following this transaction, UBS Group AG holds zero shares of this specific security.
• The filing notes that the securities were held by subsidiaries UBS Securities LLC and UBS Financial Services Inc.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral administrative filing reflecting the routine liquidation of legacy assets.

Positives

• The transaction reflects a reduction in exposure to legacy Auction Rate Securities (ARS) positions.

Negatives

• The disposal of these assets at 98% of par value indicates a slight discount to the face value of the preferred stock.

Risks

• Market liquidity risks associated with Auction Rate Securities.
• Regulatory and performance obligations related to legacy client rights agreements.

Future Outlook

No specific forward-looking guidance provided; this is a routine disclosure of a change in beneficial ownership.

Industry Context

StockSavvy.ai notes that this filing is part of the ongoing wind-down of legacy Auction Rate Securities portfolios held by major financial institutions following the market freeze in 2008.

Comparison to Industry Standards

• The disposal at 98% of par is consistent with historical recovery rates for institutional holders of legacy ARS assets.

Legal Proceedings

• The filing references performance obligations with respect to Auction Rate Securities Rights issued by UBS Group AG to certain clients.

Related Party Transactions

• The filing is made on behalf of UBS Securities LLC and UBS Financial Services Inc., both wholly owned subsidiaries of UBS Group AG.

Stakeholder Impact

• Minimal impact on shareholders of Eaton Vance Senior Income Trust as this represents a change in ownership of existing preferred shares.

Next Steps

• None indicated.

Key Dates

Keywords

UBS Group AG, Eaton Vance Senior Income Trust, Auction Preferred Stock, Form 4, Insider Trading, EVF