Fiset Pesca FISET FSPE Pfd (Fundo de Investimentos Setoriais - Pesca) is a Brazilian sector-specific closed-end investment fund that invests in and finances enterprises across the domestic fishing, aquaculture, and marine processing industries. Established in 1974 pursuant to federal Decree-Law No. 1,376 and administered by Banco do Brasil S.A., the fund is headquartered in Brasília, Federal District, Brazil, with its securities publicly listed on the B3 exchange under the ticker symbol FSPE11. The fund operates within the agribusiness, natural resources, and specialized financial asset sectors, focusing on capital deployment in commercial seafood production and national fishery supply chains throughout Brazil. Fiset Pesca provides targeted capital allocation and investment structures comprising: equity participations in commercial marine harvesting operations and deep-sea industrial fishing fleets; equity and debt financing for freshwater and coastal aquaculture facilities, fish farms, and hatcheries; direct investments in seafood processing plants, canning infrastructure, and industrial freezing facilities; investment units tied to federal fiscal incentive programs (certificados de investimento); and closed-end traded equity units providing exposure to legacy domestic fishing enterprises. The fund targets institutional investors, corporate fiscal incentive beneficiaries, and retail secondary market investors across Brazilian financial markets. In recent developments, the fund operates under ongoing administrative oversight by Banco do Brasil while executing portfolio rationalization and asset reconciliation under regulatory guidelines established by the Securities and Exchange Commission of Brazil (Comissão de Valores Mobiliários - CVM). Recent operational and strategic updates include ongoing audits and legal reviews monitored by the Brazilian Federal Court of Accounts (Tribunal de Contas da União - TCU), periodic valuation updates and restructuring of residual equity stakes in dormant and operating fishery holdings, and enhanced custodial reconciliation processes aimed at standardizing unitholder registries and evaluating long-term portfolio settlement and capital distribution options.