Puerto Rico Residents Tax-Free Fund VI, Inc. Files Annual Report
| Field | Detail |
|---|---|
| Company | Puerto Rico Residents Tax-Free Fund Vi, Inc. |
| Form Type | DEF 14A |
| Filed Date | Aug 19, 2025 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: annual-report, proxy-statement, fund-filing
TL;DR
PR Residents Tax-Free Fund VI filed its annual report. All good.
AI Summary
Puerto Rico Residents Tax-Free Fund VI, Inc. filed a DEF 14A on August 19, 2025. The filing pertains to the company's annual report and includes information on its fiscal year end of June 30. The company is incorporated in NY and its business address is in San Juan, PR.
Why It Matters
This filing provides shareholders with essential information regarding the company's financial performance and governance for the past fiscal year, impacting investment decisions.
Risk Assessment
Risk Level: low — This is a routine annual filing (DEF 14A) and does not contain new or unusual financial information.
Key Numbers
- 0630 — Fiscal Year End (Puerto Rico Residents Tax-Free Fund VI, Inc.)
- 0831 — Fiscal Year End (Puerto Rico Residents Tax-Free Fund, Inc.)
- 1231 — Fiscal Year End (Tax Free Fund for Puerto Rico Residents, Inc.)
Key Players & Entities
- Puerto Rico Residents Tax-Free Fund VI, Inc. (company) — Filer
- Tax Free Fund for Puerto Rico Residents, Inc. (company) — Former Company Name
- Puerto Rico Residents Tax-Free Fund, Inc. (company) — Former Company Name
- NY (location) — State of Incorporation
- PR (location) — Business Address Province
FAQ
What is the primary purpose of a DEF 14A filing?
A DEF 14A filing, also known as a Definitive Proxy Statement, is filed by companies to solicit proxies from shareholders for an upcoming annual or special meeting of shareholders. It contains detailed information about the matters to be voted on, including director elections, executive compensation, and other corporate actions.
What is the filing date for Puerto Rico Residents Tax-Free Fund VI, Inc.'s DEF 14A?
The filing date for Puerto Rico Residents Tax-Free Fund VI, Inc.'s DEF 14A is August 19, 2025.
What is the fiscal year end for Puerto Rico Residents Tax-Free Fund VI, Inc.?
The fiscal year end for Puerto Rico Residents Tax-Free Fund VI, Inc. is June 30.
Where is the business address for Puerto Rico Residents Tax-Free Fund VI, Inc.?
The business address for Puerto Rico Residents Tax-Free Fund VI, Inc. is located at 270 Munoz Rivera Ave., Suite 1110, San Juan, PR 00918.
Has Puerto Rico Residents Tax-Free Fund VI, Inc. had previous names?
Yes, Puerto Rico Residents Tax-Free Fund VI, Inc. was formerly known as Puerto Rico Residents Tax-Free Fund, Inc. (name change effective 20210202) and prior to that, Puerto Rico Investors Tax-Free Fund, Inc.
Filing Stats: 4,809 words · 19 min read · ~16 pages · Grade level 13.3 · Accepted 2025-08-19 17:20:58
Filing Documents
- p25-1850def14a.htm (DEF 14A) — 223KB
- image_001.jpg (GRAPHIC) — 4KB
- image_002.jpg (GRAPHIC) — 3KB
- image_006.jpg (GRAPHIC) — 2KB
- image_003.jpg (GRAPHIC) — 4KB
- image_004.jpg (GRAPHIC) — 4KB
- image_006.gif (GRAPHIC) — 1KB
- image_005.jpg (GRAPHIC) — 4KB
- image_007.jpg (GRAPHIC) — 2KB
- 0000902664-25-003766.txt ( ) — 260KB
From the Filing
DEF 14A 1 p25-1850def14a.htm DEFINITIVE PROXY STATEMENT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT OF 1934 Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to §240.14a-2 Tax Free Fund for Puerto Rico Residents, Inc. Puerto Rico Residents Tax-Free Fund, Inc. Puerto Rico Residents Tax-Free Fund VI, Inc. (Name of Registrant as Specified In Its Charter) Payment of Filing Fee (Check the appropriate box): No fee required. Fee paid previously with preliminary materials. Fee amount computed on table in exhibit as required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. 1 Tax Free Fund for Puerto Rico Residents, Inc. Puerto Rico Residents Tax-Free Fund, Inc. Puerto Rico Residents Tax-Free Fund VI, Inc. Buchanan Office Center 40 Carr. 165 Suite 201 Guaynabo, PR 00968-8022 August 19, 2025 Dear Shareholder: A Special Meeting of Shareholders (the “Special Meeting”) of each of Tax Free Fund for Puerto Rico Residents, Inc. (“TFF I”), Puerto Rico Residents Tax-Free Fund, Inc. (“PRRTFF I”) and Puerto Rico Residents Tax-Free Fund VI, Inc. (“PRRTFF VI,” and together with TFF I and PRRTFF I, each a “Fund” and collectively, the “Funds”) is scheduled to be held as a hybrid meeting in person at the law offices of Ferraiuoli LLC at 250 Muñoz Rivera Avenue, 6th Floor, San Juan, PR 00918, and virtually via a live webcast on September 26, 2025, at 10:00AM (Eastern Time). Shareholders will be able to vote and pose questions regardless of how they may choose to attend the Special Meeting by following the instructions provided in the Joint Proxy Statement and enclosed proxy card(s). To attend the Special Meeting in person, you must bring a picture ID and proof of shareholder of record as of the Record Date or, if you are a beneficial owner (your shares are held in an account at a bank, broker, dealer or other nominee), hold a legal proxy from the institution that holds your shares indicating that you were the beneficial your shares indicating that you were the beneficial owner as of the Record Date. Additionally, to attend the Special Meeting virtually, you must pre-register for the Special Meeting no later than September 25, 2025 at 10:00AM (Eastern Time) by visiting https://viewproxy.com/PRFundsSGM/broadridgevsm/ and entering your control number as shown in your proxy card or the voting instruction form. Once you have pre-registered, you will receive a confirmation e-mail with information on how to virtually attend and participate at the Special Meeting. At this meeting, you will be asked to consider and vote for the Fund to (1) cease operations as an investment company (“Proposal 1”) and (2) following a sale of substantially all of the Fund’s securities, pay a dividend with the proceeds of such sale to shareholders (“Proposal 2” and together with Proposal 1, the “Proposals”). Starting in 2021, Ocean Capital LLC (“Ocean Capital”) and certain related individuals launched campaigns to nominate new directors at the Funds and affiliates of the Funds within the same fund complex where Ocean Capital advocated, in part, for improved governance at the Funds. Despite successfully receiving the requisite votes to elect Ocean Capital’s nominees at the 2021 (PRRTFF I and PRRTFF VI only), 2022, 2023, and 2024 annual meetings of shareholders of the Funds, the Funds did not seat Ocean Capital’s nominees and, instead, commenced an action against Ocean Capital and certain other defendants, captioned, Tax-Free Fixed Income Fund for Puerto Rico Residents, Inc., et al. v. Ocean Capital LLC, et al. , Case No. 3:22-cv-1101, alleging among other things, securities law violations by the defendants. Ocean Capital counterclaimed against the Funds, in part, so as to have its nominees seated on the Boards of Directors of the Funds in accordance with proper standards of governance. On May 12, 2025, the United States Court of Appeals for the First Circuit affirmed the dismissal of the Funds’ claims (the “First Circuit Ruling”). As a result of the First Circuit Ruling, the Board of Directors of each of PRRTFF I and PRRTFF VI instructed the inspectors of election for each of the 2021, 2022, 2023, and 2024 annual meetings of shareholders of these Funds, and the Board of Directors of TFF I instructed the inspectors of election for each of the 2022, 2023, and 2024 annual meetings of shareholders of TFF I, to certify the results of such elections. On May 20, 2025, the inspectors of el