Puerto Rico Fund Sets Oct. 16 Virtual Meeting for Director Elections

TL;DR

**Vote FOR the incumbent directors to maintain stability in this Puerto Rico-focused fund, or risk an unknown future.**

AI Summary

The Tax Free Target Maturity Fund for Puerto Rico Residents, Inc. (the "Fund") is holding its 2025 Annual Meeting of Shareholders virtually on October 16, 2025, at 11:30 a.m. Atlantic Standard Time. The primary purpose of the meeting is to elect two directors, José J. Villamil and Carlos V. Ubiñas, to the Fund's Board of Directors, with terms expiring in 2028. Shareholders of record as of August 29, 2025, are eligible to vote, with 23,897,920 shares outstanding on that date. The Board of Directors unanimously recommends voting "FOR ALL" of the nominated directors. The filing details the virtual meeting logistics, proxy voting procedures, and quorum requirements, emphasizing the importance of shareholder participation. No specific revenue or net income figures were disclosed in this DEF 14A filing, as it focuses solely on the upcoming shareholder meeting and director elections.

Why It Matters

This DEF 14A filing is crucial for investors as it outlines the upcoming director elections, which directly impact the governance and strategic direction of the Tax Free Target Maturity Fund for Puerto Rico Residents, Inc. The election of José J. Villamil and Carlos V. Ubiñas to Class II, with terms expiring in 2028, will shape the Fund's oversight and decision-making for the next three years. For investors, understanding the board composition is vital for assessing leadership stability and alignment with shareholder interests, especially in the specialized Puerto Rico tax-free market. The competitive context for such a fund often involves navigating local economic conditions and regulatory changes, making strong, experienced board leadership paramount.

Risk Assessment

Risk Level: low — The risk level is low as this DEF 14A filing primarily concerns routine director elections for the Tax Free Target Maturity Fund for Puerto Rico Residents, Inc. There are no indications of contested elections, significant business changes, or financial distress. The Board of Directors unanimously recommends voting "FOR ALL" nominees, suggesting a stable governance outlook.

Analyst Insight

Investors should review the backgrounds of José J. Villamil and Carlos V. Ubiñas to ensure alignment with their investment objectives. Given the Board's recommendation, shareholders should vote "FOR ALL" the nominees via proxy by October 14, 2025, to ensure their vote is counted and support stable governance.

Key Numbers

• October 16, 2025 — Annual Meeting Date (Date of the 2025 Annual Meeting of Shareholders)
• 11:30 a.m. — Meeting Time (Atlantic Standard Time for the virtual meeting)
• August 29, 2025 — Record Date (Shareholders of record on this date are entitled to vote)
• 2 — Number of Directors to be Elected (José J. Villamil and Carlos V. Ubiñas are nominated)
• 2028 — Expiration of Term (Term expiration year for elected directors)
• 23,897,920 — Shares Outstanding (Total common stock shares outstanding on the record date)
• October 14, 2025 — Virtual Meeting Registration Deadline (Deadline to register for the virtual meeting at 5:00 p.m. AST)
• 1-800-221-9825 — Toll-Free Contact Number (For shareholders to request annual reports)

Key Players & Entities

• Tax Free Target Maturity Fund for Puerto Rico Residents, Inc. (company) — Registrant
• Liana Loyola (person) — Secretary of the Fund
• Edward Ramos (person) — Designated proxy holder
• Maria L. Vilaró (person) — Designated proxy holder
• José J. Villamil (person) — Nominee for Director, Class II
• Carlos V. Ubiñas (person) — Nominee for Director, Class II
• Board of Directors (company) — Recommends voting 'FOR ALL' nominees
• Securities and Exchange Commission (regulator) — Regulates proxy statements
• Broadridge (company) — Provides virtual meeting platform
• New York Stock Exchange (company) — Rules applicable to brokers

FAQ

Industry Context

The Tax Free Target Maturity Fund for Puerto Rico Residents, Inc. operates within the investment fund sector, specifically focusing on Puerto Rico residents. These funds often aim to provide tax-advantaged income streams. The competitive landscape includes other investment vehicles offering similar tax benefits or investment strategies tailored to the Puerto Rican market.

Regulatory Implications

As a registered investment company, the Fund is subject to SEC regulations, including those governing proxy solicitations and annual meetings. Compliance with disclosure requirements, such as those in this DEF 14A filing, is crucial for maintaining shareholder trust and regulatory standing.

What Investors Should Do

1. Review the proxy materials carefully.
2. Register for the virtual meeting by October 14, 2025.
3. Vote your shares by proxy if you cannot attend the meeting.
4. Vote 'FOR ALL' nominated directors.

Key Dates

• 2025-10-16: Annual Meeting of Shareholders — Shareholders will vote on the election of two directors and other business.
• 2025-08-29: Record Date — Shareholders of record on this date are entitled to vote at the annual meeting.
• 2025-10-14: Virtual Meeting Registration Deadline — Shareholders must register by this date to attend and vote at the virtual meeting.
• 2025-09-19: Proxy Statement Mailing Date — This is the date the proxy materials were first mailed to shareholders.

Glossary

DEF 14A

A filing with the U.S. Securities and Exchange Commission (SEC) that provides detailed information about a company's annual shareholder meeting, including proposals to be voted on and information about director nominees. (This document is the proxy statement for the Fund's annual meeting.)

Proxy

A document that authorizes another person to act on behalf of a shareholder, typically to vote shares at a shareholder meeting. (Shareholders are asked to complete and return a proxy card to vote their shares if they cannot attend the meeting.)

Record Date

A specific date set by a company to determine which shareholders are eligible to receive notice of and vote at a shareholder meeting. (Shareholders must own shares as of August 29, 2025, to be eligible to vote.)

Quorum

The minimum number of shareholders (or their proxies) required to be present at a meeting for business to be legally transacted. (More than one-half of the outstanding shares must be represented virtually or by proxy to constitute a quorum.)

Atlantic Standard Time (AST)

A time zone observed in parts of the Atlantic Ocean and in Puerto Rico, which is UTC-4. (All meeting times and deadlines are specified in this time zone.)

Year-Over-Year Comparison

This DEF 14A filing focuses on the procedural aspects of the 2025 Annual Meeting of Shareholders, including director nominations and voting procedures. As it does not contain financial performance data, a comparison of key financial metrics like revenue growth or net income to a previous filing is not possible. The primary focus remains on shareholder participation in governance.

Filing Documents

• ea0256868-01_def14a.htm (DEF 14A) — 214KB
• 0001213900-25-089647.txt ( ) — 215KB

From the Filing

DEF 14A 1 ea0256868-01_def14a.htm DEF 14A 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 Target Maturity Fund for Puerto Rico Residents, 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. Tax Free Target Maturity Fund for Puerto Rico Residents, Inc. 250 Muñoz Rivera Avenue American International Plaza, Tenth Floor San Juan, Puerto Rico 00918 NOTICE OF 2025 ANNUAL MEETING OF SHAREHOLDERS TO BE HELD ON OCTOBER 16 , 2025 To the shareholders of the Tax Free Target Maturity Fund for Puerto Rico Residents, Inc.: NOTICE IS HEREBY GIVEN that the 2024 Annual Meeting of Shareholders (including any adjournments or postponements thereof, the “2025 Annual Meeting”) of the Tax Free Target Maturity Fund for Puerto Rico Residents, Inc., a Puerto Rico corporation (the “Fund”), is scheduled to be held virtually on October 16, 2025, at 11:30 a.m. Atlantic Standard Time (11:30 a.m. Eastern Daylight Time) for the following purposes: 1. To elect two directors of the Fund (PROPOSAL 1); and 2. To transact such other business as may properly come before the 2025 Annual Meeting or any adjournment or postponement thereof. The items mentioned above are discussed in greater detail in the attached Proxy Statement. Any shareholder wishing to participate in the 2025 Annual Meeting by means of remote communication can do so. If you were a record holder of shares of common stock of the Fund as of the close of business on the record date, August 29, 2025, please register at https://viewproxy.com/UBSPuertoRico/broadridgevsm / no later than 5:00 p.m. Atlantic Standard Time (5:00 p.m. Eastern Daylight Time) on October 14, 2025 to attend and vote at the 2025 Annual Meeting. Broadridge will then e-mail you the login information and instructions for attending and voting at the 2025 Annual Meeting. Only holders of record of shares of the Fund’s common stock at the close of business on August 29, 2025 are entitled to receive this notice and vote at the 2025 Annual Meeting the shares held of record in their name on such date. YOUR VOTE IS IMPORTANT REGARDLESS OF THE SIZE OF YOUR HOLDINGS IN THE FUND. WHETHER OR NOT YOU PLAN TO ATTEND THE MEETING, WE ASK THAT YOU PLEASE COMPLETE, SIGN AND DATE THE PROXY CARD DELIVERED TO YOU AND RETURN IT PROMPTLY. RETURNING YOUR PROXY CARD WILL NOT PREVENT YOU FROM VOTING AT THE MEETING, BUT WILL ENSURE THAT YOUR VOTE IS COUNTED IF YOU ARE UNABLE TO ATTEND. INSTRUCTIONS FOR THE PROPER EXECUTION OF THE PROXIES ARE SET FORTH ON THE FOLLOWING PAGE. In San Juan, Puerto Rico, this 19th day of September, 2025. By Order of the Board of Directors: /s/ Liana Loyola Liana Loyola Secretary INSTRUCTIONS FOR SIGNING PROXY CARDS The following general rules for signing proxy cards may be of assistance to you and avoid the invalidation of your vote if you fail to sign your proxy card properly. 1. Individual Accounts: Sign your name exactly as it appears in the registration section on the proxy card. 2. Joint Accounts: Either party may sign, but the name of the party signing should conform exactly to a name shown in the registration section. 3. All Other Accounts: The capacity of the individuals signing the proxy card should be indicated unless it is reflected in the form of registration. For example: Registration Valid Signature Corporate Accounts (1) ABC Corp. ABC Corp. (2) ABC Corp. John Doe, Treasurer (3) ABC Corp. John Doe c/o John Doe, Treasurer Trust Accounts (1) ABC Trust Jane B. Doe, Trustee (2) Jane B. Doe, Trustee Jane Doe u/t/d 12/28/78 Custodial of Estate Accounts (1) John B. Smith, Cust. John B. Smith f/b/o John B. Smith, Jr. (2) John B. Smith John B. Smith, Jr., Executor Tax Free Target Maturity Fund for Puerto Rico Residents, Inc. 250 Muñoz Rivera Avenue American International Plaza, Tenth Floor San Juan, Puerto Rico 00918 PROXY THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS The undersigned hereby appoints Mr. Edward Ramos and Ms. Maria L. Vilaró as proxies, each with the power to appoint his or her substitute, and hereby authorizes each of them to represent the undersigned and to vote, as designated on the reverse hereof, all shares of common stock of the Tax Free Targe

View Full Filing

View this DEF 14A filing on SEC EDGAR