EX-99.77C VOTES 3 votes.htm VOTING RESULTS OF SPECIAL MEETING votes.htm
 
Note 12 –­ Voting Results of Special Meeting of Shareholders
 
A Special Meeting of Shareholders of the Fund was held on July 17, 2007 (adjourned from April 17, 2007).  Proposal 1, to elect Messrs. Frederick W. Green, Michael J. Downey, James P. Logan, III and Barry Hamerling to the Fund’s Board of Trustees, was approved by the affirmative vote of the shareholders owning of record a plurality of the total number of Fund shares voting at the meeting.  Proposal 2, to revise certain fundamental investment policies, and Proposal 3, to eliminate certain fundamental investment policies, were approved by the affirmative vote of a majority of the outstanding shares of the Fund.  A description of each proposal and a summary of voting results follows:
 
ELECTION OF ONE NEW MEMBER AND RE-ELECTION OF THREE CURRENT MEMBERS TO THE FUND’S BOARD OF TRUSTEES
 
Frederick W. Green
For
68,615,873.655
Withhold
1,336,761.350
Michael J. Downey
For
68,894,507.106
Withhold
1,058,127.899
James P. Logan, III
For
68,823,300.130
Withhold
1,129,334.875
Barry Hamerling
For
68,925,041.196
Withhold
1,027,593.809
 
PROPOSALS TO REVISE CERTAIN FUNDAMENTAL INVESTMENT POLICIES
 
 
No. of Shares
% of Outstanding
Shares
% of Shares Present
2-A.To revise the fundamental investment policy relating to issuing senior securities.
For
53,649,878.235
51.199%
66.256%
Against
2,004,317.984
1.912%
2.475%
Abstain
2,805,844.369
2.678%
3.465%
Broker Non-Votes
22,513,588.000
21.485%
27.804%
2-B.To revise the fundamental investment policy relating to borrowing money.
For
53,396,482.459
50.957%
65.943%
Against
2,262,557.262
2.159%
2.794%
Abstain
2,801,000.867
2.673%
3.459%
Broker Non-Votes
22,513,588.000
21.485%
27.804%
2-C.To revise the fundamental investment policy relating to concentration of investments.
For
53,511,523.258
51.067%
66.085%
Against
2,153,206.449
2.054%
2.659%
Abstain
2,795,310.881
2.668%
3.452%
Broker Non-Votes
22,513,588.000
21.485%
27.804%
 
 
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2-D.To revise the fundamental investment policy relating to purchasing or selling real estate.
For
53,288,902.596
50.854%
65.810%
Against
2,375,581.253
2.267%
2.934%
Abstain
2,795,556.739
2.668%
3.452%
Broker Non-Votes
22,513,588.000
21.485%
27.804%
2-E.To revise the fundamental investment policy relating to making loans.
For
52,896,446.659
50.480%
65.326%
Against
2,758,871.339
2.632%
3.407%
Abstain
2,804,722.590
2.677%
3.464%
Broker Non-Votes
22,513,588.000
21.485%
27.804%
 
PROPOSALS TO ELIMINATE CERTAIN FUNDAMENTAL INVESTMENT POLICIES
 
 
No. of Shares
% of Outstanding
Shares
% of Shares Present
3-A.To eliminate the fundamental investment policy relating to making short sales of securities.
For
53,299,537.672
50.864%
65.823%
Against
2,312,498.549
2.207%
2.856%
Abstain
2,848,004.367
2.718%
3.517%
Broker Non-Votes
22,513,588.000
21.485%
27.804%
3-B.To eliminate the fundamental investment policy relating to purchasing securities on margin.
For
53,153,549.913
50.725%
65.643%
Against
2,855,433.509
2.725%
3.526%
Abstain
2,451,057.166
2.339%
3.027%
Broker Non-Votes
22,513.588.000
21.485%
27.804%
3-C.To eliminate the fundamental investment policy relating to call options and put options.
For
53,352,197.804
50.915%
65.888%
Against
2,221,383.972
2.119%
2.744%
Abstain
2,886,458.812
2.755%
3.564%
Broker Non-Votes
22,513,588.000
21.485%
27.804%
3-D.To eliminate the fundamental investment policy relating to pledging the Fund’s assets.
For
53,088,851.435
50.663%
65.563%
Against
2,442,744.378
2.331%
3.017%
Abstain
2,928,444.775
2.795%
3.616%
Broker Non-Votes
22,513,588.000
21.485%
27.804%
 
 
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3-E.To eliminate the fundamental investment policy relating to restricted securities.
For
52,950,087.959
50.531%
65.392%
Against
2,577,477.927
2.460%
3.183%
Abstain
2,932,474.702
2.798%
3.622%
Broker Non-Votes
22,513,588.000
21.485%
27.804%
3-F.To eliminate the fundamental investment policy relating to warrants.
For
53,428,777.442
50.988%
65.983%
Against
2,097,383.817
2.001%
2.590%
Abstain
2,933,879.329
2.800%
3.623%
Broker Non-Votes
22,513,588.000
21.485%
27.804%
3-G.To eliminate the fundamental investment policy relating to oil, gas or other mineral exploration or development programs.
For
53,000,192.898
50.579%
65.454%
Against
2,524,083.290
2.408%
3.117%
Abstain
2,935,764.400
2.802%
3.626%
Broker Non-Votes
22,513,588.000
21.485%
27.804%
3-H.To eliminate the fundamental investment policy relating to investing for the purpose of exercising control or management.
For
53,286,858.754
50.852%
65.808%
Against
2,232,045.704
2.130%
2.756%
Abstain
2,941,136.130
2.807%
3.633%
Broker Non-Votes
22,513,588.000
21.485%
27.804%
3-I.To eliminate the fundamental investment policy relating to purchasing securities of any issuer if the Fund’s trustees and officers beneficially own more that 5% of the outstanding securities of such issuer.
For
52,770,378.614
50.359%
65.170%
Against
2,781,729.399
2.655%
3.435%
Abstain
2,907,932.575
2.775%
3.592%
Broker Non-Votes
22,513,588.000
21.485%
27.804%
3-J.To eliminate the fundamental investment policy relating to investing in issuers which have been in continuous operation for less than three years.
For
53,273,552.288
50.840%
65.791%
Against
2,242,008.270
2.139%
2.769%
Abstain
2,944,480.030
2.810%
3.636%
Broker Non-Votes
22,513,588.000
21.485%
27.804%
 
 
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3-K.To eliminate the fundamental investment policy relating to participating on a joint and several basis in any trading account in securities.
For
52,889,674.843
50.473%
65.317%
Against
2,550,304.894
2.434%
3.150%
Abstain
3,020,060.851
2.882%
3.729%
Broker Non-Votes
22,513,588.000
21.485%
27.804%
3-L.To eliminate the fundamental investment policy relating to purchasing securities of other investment companies.
For
53,091,011.053
50.665%
65.566%
Against
2,432,354.127
2.322%
3.004%
Abstain
2,936,675.408
2.802%
3.627%
Broker Non-Votes
22,513,588.000
21.485%
27.804%
3-M.To eliminate the fundamental investment policy relating to investing more than 10% of the Fund’s total assets in the securities of any one issuer.
For
52,627,160.268
50.223%
64.993%
Against
2,926,470.792
2.792%
3.614%
Abstain
2,906,409.528
2.774%
3.589%
Broker Non-Votes
22,513,588.000
21.485%
27.804%
3-N.To eliminate the fundamental investment policy relating to purchasing securities of any one issuer if as a result more than 10% of the voting securities of such issuer would be held by the Fund.
For
52,964,866.651
50.545%
65.410%
Against
2,579,798.390
2.462%
3.186%
Abstain
2,915,375.547
2.782%
3.600%
Broker Non-Votes
22,513,588.000
21.485%
27.804%
 
 
 
 
 
 
 
 
 
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