UBS PUERTO RICO FAMILY OF FUNDS

TAX-FREE FIXED INCOME FUND V FOR PUERTO RICO RESIDENTS, INC.

An Important Decision at This Year's Annual Meeting

At this year’s annual meeting, to be held virtually on August 3, 2023, at 11:30 am Atlantic Standard Time (11:30 a.m. E.D.T.), shareholders have an important decision to make about the future of your investment in the Fund.

The Board urges Fund shareholders to vote on the WHITE proxy card “FOR” the four current directors who are up for re-election in order to support the stability and continuity of the Fund.

The current Board has a long history overseeing the Fund on behalf of shareholders and is committed to ensuring the Fund’s long-term viability, so that it continues to generate valuable dividend income for Puerto Rican residents like you.

Performance

The Fund’s investment objective is to provide its shareholders with current income, as consistent with the preservation of capital. In fact, since inception the Fund has distributed $8.32 per share in cumulative dividends to its shareholders, while delivering positive returns since inception.

Nominees

As members of the current Board, the Fund’s nominees for re-election at the Annual Meeting are highly qualified financial professionals with deep roots in Puerto Rico and a long-standing commitment to the Fund. They understand Puerto Rico’s financial markets and are committed to the Fund’s investment objectives and its shareholders.

Resources

More resources for shareholders, including a letter to shareholders and proxy filings.