Download First Puerto Rico Tax-Exempt Target Maturity Fund I

First Puerto Rico Tax-Exempt Target Maturity Fund I, Inc.
Notice to Shareholders
The Board of Directors of First Puerto Rico Tax-Exempt Target Maturity Fund I, Inc. (the “Fund”), at a
meeting duly held on August 22, 2012, authorized a distribution of principal to the holders of the Fund’s
common stock in complete liquidation of the Fund and in compliance with its investment objective of
distributing to shareholders the net assets of the Fund on or prior to June 30, 2017. The distribution is
derived from the totality of the principal payments received by the Fund by reason of the maturity,
prepayment, acceleration, redemption, sale or other disposition of the Fund’s portfolio securities, as well as
monies held in a reserve account comprised of accumulated net capital. Only holders of record of the
Fund’s common stock as of August 29, 2012 will be entitled to receive payment of the distribution amount.
In addition, the Fund’s Dividend Committee, at a meeting duly held on August 7, 2012, authorized the
payment of an exempt dividend to the holders of record as of August 22, 2012 of the Fund’s common stock.
The distribution is derived from the totality of the Fund’s undistributed net exempt income, as well as
monies held in a reserve account comprised of accumulated net exempt income.
The aggregate cash distribution amount will total $74,230,791.49, or $10.07 per share of the Fund’s
common stock, and will be paid on September 4, 2012, on a pro-rata basis, to shareholders that were
holders of record of the Fund’s common stock as of both August 22, 2012 and August 29, 2012. The
aggregate cash distribution amount is the sum of the payment of the exempt dividend in the aggregate
amount of $5,613,681.02, or $0.7615 per share, and the distribution of principal in the aggregate amount of
$68,617,110.47, or $9.307962 per share. For a graphical representation of these distributions, please see
the table below:
Record Date for Dividend Distribution: 08/22/2012
Record Date for Principal Distribution: 08/29/2012
Payment Date: 09/04/2012
Principal and Dividend Distribution:
Extraordinary Dividend (Exempt)
Dollar amount
Dollars per
share
$5,613,681.02
$0.761500
Principal Distribution
$68,617,110.47
$9.307962
Total Distribution
$74,230,791.49
$10.069462
Holders of record of the Fund’s common stock as of August 22, 2012 that are not holders of record as of
August 29, 2012 will be paid only the exempt dividend of $0.7615 per share of the Fund’s common stock
held by them. Holders of record of the Fund’s common stock as of August 29, 2012 that were not holders
of record as of August 22, 2012 will be paid only the distribution of principal of $9.307962 per share of the
Fund’s common stock held by them.
The payment of the exempt dividend and the distribution of principal on September 4, 2012 will result in
the complete liquidation of the Fund, and the Fund shall be dissolved as soon as reasonably practicable
thereafter. Shares acquired subsequent to August 29, 2012 will not be entitled to receive any distributions
from the Fund.
For additional information regarding the Fund, please visit
https://www.santandernet.com/es/personas/inversiones/securities/sec_family_funds_includecontenido.aspx.
August 24, 2012