#USA #San Juan #Puerto Rico Funds #TFF I #PRRTFF I

Tax-Free Funds Announce Results of Extraordinary Shareholder Meeting

On September 30, 2025, the Tax-Free Fund for Puerto Rico Residents, Inc. (TFF I), the Puerto Rico Residents Tax-Free Fund, Inc. (PRRTFF I), and Puerto Rico Residents Tax-Free Fund VI, Inc. (PRRTFF VI) held their extraordinary shareholder meetings, showcasing a remarkable turnout. With approximately 67.26% of TFF I, 65.83% of PRRTFF I, and 68.29% of PRRTFF VI's shares represented at the meeting either in-person or by proxy, shareholders demonstrated strong support for the proposals presented.

The main agenda included a proposal to terminate operations as investment companies, which received overwhelming approval rates of 95.36%, 95.54%, and 98.38% for TFF I, PRRTFF I, and PRRTFF VI, respectively. This decision reflects the shareholders' confidence in the Boards' direction regarding the future management of the funds.

Additionally, the shareholders voted in favor of a proposal that mandates each fund, after the sale of virtually all of their securities, to distribute the resulting proceeds through dividends. This measure also garnered solid backing with approval ratings of 97.36% for TFF I, 95.45% for PRRTFF I, and 98.48% for PRRTFF VI. Such decisive outcomes underscore a clear commitment by the shareholders to maximize returns from their investments and ensure proper distribution of the funds' assets.

The Boards of the Funds expressed their satisfaction with the robust turnout and the overwhelmingly positive results from the votes. This significant engagement not only emphasizes the shareholders’ trust in the actions undertaken but also signifies a unified vision regarding the funds' operational future.

This extraordinary meeting was held both at the legal offices of Ferraiuoli LLC in San Juan, Puerto Rico, and virtually via a live web broadcast, illustrating the Funds’ commitment to transparency and inclusivity in its shareholder communications.

As the decisions made during this meeting take effect, shareholders can expect clarity regarding the future steps involving their investments, including the upcoming actions revolving around the liquidation of investments and subsequent dividend distributions.

In conclusion, these developments highlight a pivotal moment for the Puerto Rico Tax-Free Funds, embodying a proactive approach that aligns with shareholders' expectations for better financial management and distribution policies. As future operations unfold, the Funds will continue to uphold their commitment to act in the best interests of their shareholders, ensuring both transparency and profitability.

For further inquiries about the outcomes of the meeting or the future of the funds, shareholders and interested parties can contact:

Ivelisse M. Ortiz Moreau
Secretary of the Funds
Buchanan Office Center
40 Carr. 165 Suite 201
Guaynabo, PR 00968-8022