N-PX 1 a08-22382_7npx.htm N-PX

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

FORM N-PX

 

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT

INVESTMENT COMPANY

 

Investment Company Act file number: 811-21671

 

RMR PREFERRED DIVIDEND FUND

(Exact name of registrant as specified in charter)

 

400 CENTRE STREET

NEWTON, MASSACHUSETTS 02458

(Address of principal executive offices) (Zip code)

 

(Name and Address of Agent
for Service)

 

Copy to:

 

 

 

Adam D. Portnoy, President

 

Thomas A. DeCapo, Esq.

RMR Preferred Dividend Fund

 

Skadden, Arps, Slate, Meagher & Flom LLP

400 Centre Street

 

One Beacon Street

Newton, Massachusetts 02458

 

Boston, Massachusetts 02108

 

 

 

 

 

Christina T. Simmons, Esq.

 

 

State Street Bank and Trust Company

 

 

4 Copley Place, 5th Floor

 

 

Boston, Massachusetts 02116

 

Registrant’s telephone number, including area code: (617) 332-9530

 

Date of fiscal year end: December 31

Date of reporting period: June 30, 2008

 

 

 


 

Voting Record

 

Fund

 

RDR

 

Company

 

Abingdon Investment Limited

 

 

 

 

Ticker:

 

 

 

Cusip:

 

 

Meeting Date:

 

8/13/2007

 

Record Date:

 

8/11/2007

 

 

 

 

 

Management

 

 

 

 

 

#

 

Proposal

 

Recommendation

 

Vote Cast

 

Sponsor

 

 

 

 

 

 

 

 

 

 

 

1.00

 

That the Articles of Association of the Guernsey Company be amended as more particularly described in the Notice of Extraordinary General Meeting contained in the Proxy Statement/Private Offering Memorandum.

 

For

 

For

 

Management

 

 

 

 

 

 

 

 

 

 

 

2.00

 

That the Share Exchange Agreement (as that term is defined in the Proxy Statement/Private Offering Memorandum attached to the Notice of Extraordinary General Meeting is attached) substantially in the form of the draft attached as Exhibit A to the Proxy Statement/Private Offering Memorandum be and is hereby approved.

 

For

 

For

 

Management

 

 

 

 

 

 

 

 

 

 

 

3.00

 

That the Company be and is hereby authorized to execute the Share Exchange Agreement, and such other documents and agreements that are reasonably necessary in the judgement of the directors of the Guernsey Company to implement the Share Exchange (as described in the Share Exchange Agreement), as agents for and on behalf of all the holders of shares of the Guernsey Company.

 

For

 

For

 

Management

 

 

 

 

 

 

 

 

 

 

 

4.00

 

That the Secretary of the Company be and is hereby authorized on completion of the Share Exchange to make the necessary entries in the register of Members to give full effect to the Share Exchange.

 

For

 

For

 

Management

 

 

1


 

Company

 

Alesco Financial Inc.

 

 

 

 

Ticker:

 

AFN

 

Cusip:

 

014485106

Meeting Date:

 

6/18/2008

 

Record Date:

 

4/24/2008

 

 

 

 

 

Management

 

 

 

 

 

#

 

Proposal

 

Recommendation

 

Vote Cast

 

Sponsor

 

 

 

 

 

 

 

 

 

 

 

1.00

 

Directors Recommend: A vote for election of the following nominees: 01-Rodney E. Bennett; 02-Marc Chayette; 03-Daniel G. Cohen; 04-Thomas P. Costello; 05-G. Steven Dawson; 06-Jack Haraburda; 07-James J. McEntee, III; 08-Lance Ullom; 09-Charles W. Wolcott.

 

For

 

For

 

Management

 

 

 

 

 

 

 

 

 

 

 

2.00

 

To amend the Company’s 2006 Long-Term Incentive Plan to increase the total number of shares of common stock available to be granted under the plan, as described in the accompanying proxy statement.

 

For

 

For

 

Management

 

 

 

 

 

 

 

 

 

 

 

3.00

 

To ratify the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2008.

 

For

 

For

 

Management

 

 

Company

 

Alpine Total Dynamic Dividend Fund

 

 

 

 

Ticker:

 

AOD

 

Cusip:

 

021060108

Meeting Date:

 

3/14/2008

 

Record Date:

 

1/24/2008

 

 

 

 

 

Management

 

 

 

 

 

#

 

Proposal

 

Recommendation

 

Vote Cast

 

Sponsor

 

 

 

 

 

 

 

 

 

 

 

1.00

 

Directors Recommend: A vote for election of the following nominees: 01-Jeffrey E. Wacksman.

 

For

 

For

 

Management

 

 

Company

 

American Capital Strategies, Ltd.

 

 

 

 

Ticker:

 

ACAS

 

Cusip:

 

024937104

Meeting Date:

 

5/19/2008

 

Record Date:

 

3/20/2008

 

 

 

 

 

Management

 

 

 

 

 

#

 

Proposal

 

Recommendation

 

Vote Cast

 

Sponsor

 

 

 

 

 

 

 

 

 

 

 

1.00

 

Directors Recommend: A vote for election of the following nominees: 01-Mary C. Baskin; 02-Neil M. Hahl; 03-Philip R. Harper; 04-John A. Koskinen; 05-Stan Lundine; 06-Kenneth D. Peterson; 07-Alvin N. Puryear; 08-Malon Wilkus.

 

For

 

For

 

Management

 

 

 

 

 

 

 

 

 

 

 

2.00

 

Approval of the amendment to our Bylaws to require majority vote to elect directors in uncontested elections.

 

For

 

For

 

Management

 

 

 

 

 

 

 

 

 

 

 

3.00

 

Approval of the 2008 Stock Option Plan.

 

For

 

For

 

Management

 

 

 

 

 

 

 

 

 

 

 

4.00

 

Approval of the amendment to the Incentive Bonus Plan.

 

For

 

For

 

Management

 

 

 

 

 

 

 

 

 

 

 

5.00

 

Approval of the ability to issue convertible securities.

 

For

 

For

 

Management

 

 

 

 

 

 

 

 

 

 

 

6.00

 

Approval of the amendment and restatement of our Certificate of Incorporation.

 

For

 

For

 

Management

 

 

 

 

 

 

 

 

 

 

 

7.00

 

Ratification of appointment of Ernst & Young LLP as auditors for the year ending December 31, 2008.

 

For

 

For

 

Management

 

 

2


 

Company

 

Care Investment Trust Inc.

 

 

 

 

Ticker:

 

CRE

 

Cusip:

 

141657106

Meeting Date:

 

6/3/2008

 

Record Date:

 

4/28/2008

 

 

 

 

 

Management

 

 

 

 

 

#

 

Proposal

 

Recommendation

 

Vote Cast

 

Sponsor

 

 

 

 

 

 

 

 

 

 

 

1.00

 

Directors Recommend: A vote for election of the following nominees: 01-Flint D. Besecker; 02-G. E. Bisbee, Jr.. Ph.D.; 03-Kirk E. Gorman; 04-Alexandria Lebenthal; 05-Walter J. Owens; 06-Karen P. Robards; 07-J. Rainer Twiford.

 

For

 

For

 

Management

 

 

 

 

 

 

 

 

 

 

 

2.00

 

Directors’ Proposal - Ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered auditors for the fiscal year ending December 31, 2008.

 

For

 

For

 

Management

 

 

Company

 

Colonial Properties Trust

 

 

 

 

Ticker:

 

CLP

 

Cusip:

 

195872106

Meeting Date:

 

4/23/2008

 

Record Date:

 

2/15/2008

 

 

 

 

 

Management

 

 

 

 

 

#

 

Proposal

 

Recommendation

 

Vote Cast

 

Sponsor

 

 

 

 

 

 

 

 

 

 

 

1.00

 

Directors Recommend: A vote for election of the following nominees: 01-Weston M. Andress; 02-Carl F. Bailey; 03-M. Miller Gorrie; 04-William M. Johnson; 05-Glade M. Knight; 06-James K. Lowder; 07-Thomas H. Lowder; 08-Herbert A. Meisler; 09-Claude B. Nielsen; 10-Harold W. Ripps; 11-Donald T. Senterfitt; 12-John W. Spiegel; 13-C. R. Thompson, III.

 

For

 

For

 

Management

 

 

 

 

 

 

 

 

 

 

 

2.00

 

To approve the Colonial Properties Trust 2008 Omnibus Incentive Plan.

 

For

 

For

 

Management

 

 

 

 

 

 

 

 

 

 

 

3.00

 

To ratify the appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm of the Company for the fiscal year ending December 31, 2008.

 

For

 

For

 

Management

 

 

3


 

Company

 

Cornerstone Strategic Value Fund-

 

 

 

 

Ticker:

 

CLM

 

Cusip:

 

21924B104

Meeting Date:

 

4/15/2008

 

Record Date:

 

2/19/2008

 

 

 

 

 

Management

 

 

 

 

 

#

 

Proposal

 

Recommendation

 

Vote Cast

 

Sponsor

 

 

 

 

 

 

 

 

 

 

 

1.00

 

Directors Recommend: A vote for election of the following nominees: 01-Edwin Meese III; 02-Ralph W. Bradshaw.

 

For

 

For

 

Management

 

 

Company

 

Digital Realty Trust, Inc.

 

 

 

 

Ticker:

 

DLR

 

Cusip:

 

253868202

Meeting Date:

 

5/5/2008

 

Record Date:

 

3/6/2008

 

 

 

 

 

Management

 

 

 

 

 

#

 

Proposal

 

Recommendation

 

Vote Cast

 

Sponsor

 

 

 

 

 

 

 

 

 

 

 

1.00

 

Directors Recommend: A vote for election of the following nominees: 01-Richard A. Magnuson; 02-Michael F. Foust; 03-Laurence A. Chapman; 04-Kathleen Earley; 05-Ruann F. Ernst, Ph.D.; 06-Dennis E. Singleton.

 

For

 

For

 

Management

 

 

 

 

 

 

 

 

 

 

 

2.00

 

Ratifying the selection of KPMG LLP as the Company’s independent auditors for the year ended December 31,2008.

 

For

 

For

 

Management

 

 

4


 

Company

 

Feldman Mall Properties, Inc.

 

 

 

 

Ticker:

 

FMLP

 

Cusip:

 

314308107

Meeting Date:

 

12/28/2007

 

Record Date:

 

11/19/2007

 

 

 

 

 

Management

 

 

 

 

 

#

 

Proposal

 

Recommendation

 

Vote Cast

 

Sponsor

 

 

 

 

 

 

 

 

 

 

 

1.00

 

Directors Recommend: A vote for election of the following nominees: 01-Lawrence Feldman; 02-Lawrence S. Kaplan; 03-Bruce E. Moore; 04-Paul H. McDowell.

 

For

 

For

 

Management

 

 

 

 

 

 

 

 

 

 

 

2.00

 

Proposal to approve the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year 2007.

 

For

 

For

 

Management

 

 

 

 

 

 

 

 

 

 

 

3.00

 

Proposal to approve the convertibility feature of our 6.85% Series A Cumulative Contingently Convertible Preferred Stock, par value $0.01 per share.

 

For

 

For

 

Management

 

 

 

 

 

 

 

 

 

 

 

4.00

 

Proposal to approve a stockholder proposal that the Company engage an investment bank to pursue strategic alternatives.

 

For

 

For

 

Stockholder

 

 

Company

 

Iowa Telecommunications Services,

 

 

 

 

Ticker:

 

IWA

 

Cusip:

 

462594201

Meeting Date:

 

6/12/2008

 

Record Date:

 

4/22/2008

 

 

 

 

 

Management

 

 

 

 

 

#

 

Proposal

 

Recommendation

 

Vote Cast

 

Sponsor

 

 

 

 

 

 

 

 

 

 

 

1.00

 

Directors Recommend: A vote for election of the following nominees: 01-Brian G. Hart*; 02-Alan L. Wells*; 03-Kenneth R. Cole**.  Note: * = Class I Expires in 2011; ** = Class II Expires in 2009.

 

For

 

For

 

Management

 

 

 

 

 

 

 

 

 

 

 

2.00

 

Approval and ratification of the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for the year ending December 31, 2008 (Proposal No. 2).

 

For

 

For

 

Management

 

 

Company

 

LMP Real Estate Income Fund Inc.

 

 

 

 

Ticker:

 

RIT

 

Cusip:

 

50208C108

Meeting Date:

 

4/28/2008

 

Record Date:

 

3/3/2008

 

 

 

 

 

Management

 

 

 

 

 

#

 

Proposal

 

Recommendation

 

Vote Cast

 

Sponsor

 

 

 

 

 

 

 

 

 

 

 

1.00

 

Directors Recommend: A vote for election of the following nominees: 01-Daniel P. Cronin; 02-Paolo M. Cucchi; 03-Riordan Roett.

 

For

 

For

 

Management

 

 

5


 

Company

 

Medical Properties Trust, Inc.

 

 

 

 

Ticker:

 

MPW

 

Cusip:

 

58463J304

Meeting Date:

 

5/22/2008

 

Record Date:

 

4/1/2008

 

 

 

 

 

Management

 

 

 

 

 

#

 

Proposal

 

Recommendation

 

Vote Cast

 

Sponsor

 

 

 

 

 

 

 

 

 

 

 

1.00

 

Directors Recommend: A vote for election of the following nominees: 01-Edward K. Aldag, Jr.; 02-Virginia A. Clarke; 03-G. Steven Dawson; 04-R. Steven Hamner; 05-Robert E. Holmes, Ph.D.; 06-Sherry A. Kellett; 07-William G. McKenzie; 08-L. Glenn Orr, Jr.

 

For

 

For

 

Management

 

 

 

 

 

 

 

 

 

 

 

2.00

 

To ratify the appointment of KPMG LLP as independent registered public accounting firm for the fiscal year ending December 31, 2008.

 

For

 

For

 

Management

 

 

Company

 

MFA Mortgage Investments, Inc.

 

 

 

 

Ticker:

 

MFA

 

Cusip:

 

55272X201

Meeting Date:

 

5/21/2008

 

Record Date:

 

3/25/2008

 

 

 

 

 

Management

 

 

 

 

 

#

 

Proposal

 

Recommendation

 

Vote Cast

 

Sponsor

 

 

 

 

 

 

 

 

 

 

 

1.00

 

Directors Recommend: A vote for election of the following nominees: 01-Stephen R. Blank; 02-Edison C. Buchanan.

 

For

 

For

 

Management

 

 

 

 

 

 

 

 

 

 

 

2.00

 

Ratification of the appointment of Ernst & Young LLP as MFA’s independent registered public accounting firm for the fiscal year ending December 31, 2008.

 

For

 

For

 

Management

 

 

Company

 

Neuberger Berman R/E Sec Income-

 

 

 

 

Ticker:

 

NRO

 

Cusip:

 

64190A103

Meeting Date:

 

1/25/2008

 

Record Date:

 

11/29/2007

 

 

 

 

 

Management

 

 

 

 

 

#

 

Proposal

 

Recommendation

 

Vote Cast

 

Sponsor

 

 

 

 

 

 

 

 

 

 

 

1.00

 

To approve an agreement and plan of reorganization pursuant to which Neuberger Berman Realty Income Fund Inc. would transfer its assets to Neuberger Berman Real Estate Securities Income Fund Inc. in exchange for shares of common stock and preferred stock of NRO and the assumption by NRO of NRI’s liabilities and NRI would dissolve under applicable state law.

 

For

 

For

 

Management

 

 

6


 

Company

 

Neuberger Berman R/E Securities

 

 

 

 

Ticker:

 

NRO

 

Cusip:

 

64190A103

Meeting Date:

 

5/28/2008

 

Record Date:

 

3/27/2008

 

 

 

 

 

Management

 

 

 

 

 

#

 

Proposal

 

Recommendation

 

Vote Cast

 

Sponsor

 

 

 

 

 

 

 

 

 

 

 

1.00

 

Directors Recommend: A vote for election of the following nominees: 01-Martha C. Goss; 02-Robert A. Kavesh; 03-Edward J. O’Brien; 04-William E. Rulon; 05-Candace L. Straight.

 

For

 

For

 

Management

 

 

 

 

 

 

 

 

 

 

 

2.00

 

To consider, if properly presented at the meeting, a stockholder proposal to request that the Board of Directors establish a special committee to investigate suitable alternatives to replace the Fund’s investment manager, Neuberger Berman Management.

 

Against

 

Against

 

Shareholder(s)

 

 

Company

 

Neuberger Berman Realty Income Fd-

 

 

 

 

Ticker:

 

NRO

 

Cusip:

 

64126G109

Meeting Date:

 

1/25/2008

 

Record Date:

 

11/29/2008

 

 

 

 

 

Management

 

 

 

 

 

#

 

Proposal

 

Recommendation

 

Vote Cast

 

Sponsor

 

 

 

 

 

 

 

 

 

 

 

1.00

 

To approve an agreement and plan of reorganization pursuant to which Neuberger Berman Realty Income Fund Inc. (“NRI”) wowuld transfer its assets to Neuberger Berman Real Estate Securities Income Fund Inc. (“NRO”) in exchange for shares of common stock and preferred stock of NRO and the assumption by NRO of NRI’s liabilities and NRI would dissolve under applicable state laws.

 

For

 

For

 

Management

 

 

Company

 

The Zweig Total Return Fund, Inc.

 

 

 

 

Ticker:

 

ZTR

 

Cusip:

 

989837109

Meeting Date:

 

5/6/208

 

Record Date:

 

3/11/2008

 

 

 

 

 

Management

 

 

 

 

 

#

 

Proposal

 

Recommendation

 

Vote Cast

 

Sponsor

 

 

 

 

 

 

 

 

 

 

 

1.00

 

Directors Recommend: A vote for election of the following nominees: 01-Wendy Luscombe; 02-R. Keith Walton.

 

For

 

For

 

Management

 

 

Company

 

U-Store-It Trust

 

 

 

 

Ticker:

 

YSI

 

Cusip:

 

91274F104

Meeting Date:

 

5/6/2008

 

Record Date:

 

3/24/2008

 

 

 

 

 

Management

 

 

 

 

 

#

 

Proposal

 

Recommendation

 

Vote Cast

 

Sponsor

 

 

 

 

 

 

 

 

 

 

 

1.00

 

Directors Recommend: A vote for election of the following nominees: 01-J. C. (Jack) Dannemiller; 02-W. M. Diefenderfer III; 03-Harold S. Haller; 04-Daniel B. Hurwitz; 05-Dean Jernigan; 06-Marianne M. Keller; 07-David J. LaRue.

 

For

 

For

 

Management

 

 

 

 

 

 

 

 

 

 

 

2.00

 

Ratification of the appointment of Deloitte & Touche LLP as independent auditor for the year ending December 31, 2008.

 

For

 

For

 

Management

 

 

7


 

SIGNATURES

 

Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

RMR Preferred Dividend Fund
 
 
 
 
 

/s/ Adam D. Portnoy

 

/s/ Mark L. Kleifges

Adam D. Portnoy

Mark L. Kleifges

President

Treasurer

 

 

 

 

Date: August 27, 2008