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Gov. Pedro Pierluisi, Governor of Puerto Rico

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The AAFAF Investor Relations site provides certain general information about the government of the Commonwealth of Puerto Rico (the “Government”) and its political subdivisions or instrumentalities, and their outstanding bonds, notes and other obligations.

The information is provided for informational purposes only. It is not a summary or a compilation of all information material or relevant to any particular transaction, bond, note or other obligation. It does not purport to include every item that may be material or relevant, including, without limitation, to you or your particular circumstances, nor does it purport to present full and fair disclosure with respect to any financial transactions, bonds, notes or other obligations related to the Government within the meaning of applicable securities laws and regulations. There is no assurance that the information contained on this site does not contain typographical or other errors or omissions that may have occurred in converting the original source document or other source materials to electronic format.

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Viewers acknowledge that by accessing the information on this website: (1) AAFAF is not, through this site or the information shown herein, offering any bonds, notes or other obligations or securities, or soliciting an offer to buy any such securities; (2) this site and the information herein shall not be construed as any description of AAFAF, the Government or its public corporations, subdivisions and instrumentalities in conjunction with any offering of bonds, notes or other obligations or securities; (3) the information on this site is subject to change without notice, and no one shall assume from the availability of this site and the information herein that the affairs of AAFAF and/or the Government or its public corporations, subdivisions and instrumentalities have not changed since the date of this information; (4) no representation is made as to the propriety or legality of any secondary market trading of the bonds, notes or other obligations or securities of the Government by anyone in any jurisdiction, and (5) the information on this site speaks only as of its date (or, if dated, as of such specified date), and AAFAF does not hereby obligate itself in any manner to periodically or otherwise update this information or to maintain the availability of this information.

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Under no circumstances shall the Offering Document or its electronic posting constitute an offer to sell or the solicitation of any offer to buy nor will there be any sale of the securities described in the Offering Document in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Investors must read the entire Offering Document, including the appendices, to obtain information essential to making an informed investment decision.

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