Puerto Rico Bond Fund Sets Virtual Shareholder Meeting for Director Elections

TL;DR

**Vote FOR the Board's director nominees by January 27, 2026, to ensure stable governance for this Puerto Rico bond fund.**

AI Summary

The Tax-Free High Grade Portfolio Bond Fund for Puerto Rico Residents, Inc. (the "Fund") has filed a DEF 14A proxy statement for its 2026 Annual Meeting of Shareholders, scheduled virtually for January 29, 2026, at 11:30 a.m. Atlantic Standard Time. The primary purpose of the meeting is to elect four directors to the Fund's Board of Directors. The Board recommends voting "FOR ALL" of the nominated directors: Agustín Cabrer (Class I, term expires 2029), Gabriel Pagán Pedrero (Class I, term expires 2029), Clotilde Pérez (Class I, term expires 2029), and Jorge I. Vallejo (Class II, term expires 2027). Shareholders of record as of December 10, 2025, are eligible to vote, with 36,032,761 shares of common stock outstanding on that date. The Fund's Annual Report for the fiscal year ended September 30, 2025, has been mailed to shareholders. No specific revenue or net income figures were disclosed in this DEF 14A filing, as it focuses solely on the upcoming director elections and meeting logistics.

Why It Matters

This DEF 14A filing outlines the upcoming director elections for the Tax-Free High Grade Portfolio Bond Fund for Puerto Rico Residents, Inc., a critical governance event for investors. The election of Agustín Cabrer, Gabriel Pagán Pedrero, Clotilde Pérez, and Jorge I. Vallejo will shape the Fund's strategic direction and oversight, directly impacting its performance and risk management for shareholders. For employees and customers, the stability and leadership provided by the Board are essential for the Fund's continued operation and service delivery in the Puerto Rico market. In a competitive landscape, strong governance is vital for maintaining investor confidence and attracting capital, especially for a specialized bond fund targeting Puerto Rico residents.

Risk Assessment

Risk Level: low — The risk level is low as this DEF 14A filing is a routine proxy statement for director elections, indicating standard corporate governance procedures. There are no contentious proposals or significant business changes mentioned, only the election of four directors and the transaction of other proper business at the 2026 Annual Meeting.

Analyst Insight

Investors should review the director nominees and cast their vote by January 27, 2026, either online at www.proxyvote.com or by mail, to ensure their voice is heard in the Fund's governance. If holding shares in 'street name,' contact your broker for voting instructions.

Key Numbers

• 2026-01-29 — Annual Meeting Date (Date of the virtual 2026 Annual Meeting of Shareholders)
• 11:30 a.m. — Meeting Time (Atlantic Standard Time for the 2026 Annual Meeting)
• 2025-12-10 — Record Date (Shareholders of record on this date are entitled to vote)
• 36,032,761 — Shares Outstanding (Number of common stock shares outstanding on December 10, 2025)
• 4 — Directors to be Elected (Number of nominees for the Fund's Board of Directors)
• 2029 — Term Expiration (Expiration year for Agustín Cabrer, Gabriel Pagán Pedrero, and Clotilde Pérez)
• 2027 — Term Expiration (Expiration year for Jorge I. Vallejo)
• 2025-09-30 — Fiscal Year End (Date of the fiscal year for which audited financial statements were mailed)
• 2025-12-23 — Mailing Date (Approximate date the Proxy Statement was first mailed to shareholders)
• 2026-01-27 — Registration Deadline (Deadline for virtual meeting registration at 5:00 p.m. Atlantic Standard Time)

Key Players & Entities

• Tax-Free High Grade Portfolio Bond Fund for Puerto Rico Residents, Inc. (company) — Registrant
• Liana Loyola (person) — Secretary of the Fund
• Edward Ramos (person) — Proxy holder for the Fund
• Maria L. Vilar (person) — Proxy holder for the Fund
• Agustín Cabrer (person) — Nominee for Director, Class I, term expires 2029
• Gabriel Pagán Pedrero (person) — Nominee for Director, Class I, term expires 2029
• Clotilde Pérez (person) — Nominee for Director, Class I, term expires 2029
• Jorge I. Vallejo (person) — Nominee for Director, Class II, term expires 2027
• Broadridge (company) — Virtual meeting platform provider
• UBS Puerto Rico (company) — Associated with the virtual meeting registration link

Forward-Looking Statements

• Carlos N. Rodriguez and Carlos F. Velez will be elected as Class I Directors. (Tax-Free High Grade Portfolio Bond Fund for Puerto Rico Residents, Inc.) — high confidence, target: May 24, 2024

FAQ

Industry Context

The Tax-Free High Grade Portfolio Bond Fund for Puerto Rico Residents, Inc. operates within the regulated investment fund sector, specifically catering to Puerto Rico residents seeking tax-advantaged income. Such funds typically focus on high-quality, fixed-income securities to provide stable returns while adhering to tax-exempt status benefits for local investors. The industry is characterized by its reliance on interest rate environments and regulatory compliance.

Regulatory Implications

As a registered investment company, the Fund is subject to oversight by regulatory bodies. The DEF 14A filing itself is a regulatory requirement under the Securities Exchange Act of 1934, ensuring transparency in corporate governance and shareholder voting processes. Compliance with proxy solicitation rules and disclosure requirements is critical.

What Investors Should Do

1. Review the nominees for the Board of Directors.
2. Register for the virtual meeting by January 27, 2026.
3. Vote your proxy.

Key Dates

• 2026-01-29: 2026 Annual Meeting of Shareholders — Shareholders will vote on the election of four directors and other business.
• 2025-12-10: Record Date — Shareholders of record on this date are entitled to vote at the 2026 Annual Meeting.
• 2025-09-30: Fiscal Year End — The date of the audited financial statements included in the Annual Report mailed to shareholders.
• 2025-12-23: Mailing Date of Proxy Statement — Indicates when shareholders began receiving proxy materials for the annual meeting.
• 2026-01-27: Virtual Meeting Registration Deadline — Shareholders must register by this date and time to participate and vote virtually in the meeting.

Glossary

DEF 14A

A filing with the U.S. Securities and Exchange Commission (SEC) that provides detailed information to shareholders regarding an upcoming annual meeting, including matters to be voted upon. (This document is the proxy statement for the Fund's 2026 Annual Meeting, outlining the proposals and logistics.)

Proxy Statement

A document that a company must send to shareholders before a shareholder meeting, containing information about the matters to be voted on. (This document details the proposals, director nominees, and voting procedures for the Fund's 2026 Annual Meeting.)

Record Date

A specific date set by a company to determine which shareholders are eligible to receive notice of, and to vote at, a shareholder meeting. (Shareholders owning stock as of December 10, 2025, are eligible to vote at the January 29, 2026 meeting.)

Quorum

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

Class I and Class II Directors

Refers to the classification of directors on a board, often used in staggered board structures where directors serve terms of different lengths. (The nominees are elected to specific classes, with terms expiring in different years (2029 for Class I, 2027 for Class II).)

Year-Over-Year Comparison

This DEF 14A filing focuses on the upcoming 2026 Annual Meeting and director elections. As it does not contain financial performance metrics, a direct comparison of revenue growth, margin changes, or financial highlights to a previous filing is not possible based on this document alone. The key information pertains to meeting logistics and director nominations, rather than year-over-year financial performance.

Filing Documents

• ea0270490-01_def14a.htm (DEF 14A) — 243KB
• 0001213900-25-125350.txt ( ) — 244KB

From the Filing

DEF 14A 1 ea0270490-01_def14a.htm DEF 14A UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A PROXY 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 High Grade Portfolio Bond 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 High Grade Portfolio Bond Fund for Puerto Rico Residents, Inc. 250 Muoz Rivera Avenue American International Plaza, Tenth Floor San Juan, Puerto Rico 00918 NOTICE OF 2026 ANNUAL MEETING OF SHAREHOLDERS TO BE HELD ON JANUARY 29, 2026 To the shareholders of the Tax-Free High Grade Portfolio Bond Fund for Puerto Rico Residents, Inc.: NOTICE IS HEREBY GIVEN that the 2026 Annual Meeting of Shareholders (including any adjournments or postponements thereof, the "2026 Annual Meeting") of the Tax-Free High Grade Portfolio Bond Fund for Puerto Rico Residents, Inc., a Puerto Rico corporation (the "Fund"), is scheduled to be held virtually on January 29, 2026, at 11:30 a.m. Atlantic Standard Time (10:30 a.m. Eastern Standard Time) for the following purposes: 1. To elect four directors of the Fund (PROPOSAL 1); and 2. To transact such other business as may properly come before the 2026 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 2026 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, December 10, 2025, please register at https://viewproxy.com/UBSPuertoRico/broadridgevsm/ no later than 5:00 p.m. Atlantic Standard Time (4:00 p.m. Eastern Standard Time) on January 27, 2026 to attend and vote at the 2026 Annual Meeting. Broadridge will then e-mail you the login information and instructions for attending and voting at the 2026 Annual Meeting. Only holders of record of shares of the Fund's common stock at the close of business on December 10, 2025 are entitled to receive this notice and vote at the 2026 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 23rd day of December, 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 High Grade Portfolio Bond Fund for Puerto Rico Residents, Inc. 250 Muoz 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. Vilar 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 High Grade Portfolio Bond Fund for Puerto Rico Residents, Inc.

View Full Filing

View this DEF 14A filing on SEC EDGAR