FORUM FUNDS II









=========================== Phocas Real Estate Fund ============================


ACADIA REALTY TRUST

Ticker:       AKR            Security ID:  004239109
Meeting Date: MAY 27, 2015   Meeting Type: Annual
Record Date:  APR 01, 2015

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1a    Elect Director Kenneth F. Bernstein     For       For          Management
1b    Elect Director Douglas Crocker, II      For       For          Management
1c    Elect Director Lorrence T. Kellar       For       For          Management
1d    Elect Director Wendy Luscombe           For       For          Management
1e    Elect Director William T. Spitz         For       For          Management
1f    Elect Director Lee S. Wielansky         For       For          Management
2     Ratify BDO USA, LLP as Auditors         For       For          Management
3     Advisory Vote to Ratify Named           For       For          Management
      Executive Officers' Compensation


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ALEXANDRIA REAL ESTATE EQUITIES, INC.

Ticker:       ARE            Security ID:  015271109
Meeting Date: MAY 07, 2015   Meeting Type: Annual
Record Date:  MAR 31, 2015

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Joel S. Marcus           For       For          Management
1.2   Elect Director Richard B. Jennings      For       For          Management
1.3   Elect Director John L. Atkins, III      For       For          Management
1.4   Elect Director Maria C. Freire          For       For          Management
1.5   Elect Director Steven R. Hash           For       For          Management
1.6   Elect Director Richard H. Klein         For       For          Management
1.7   Elect Director James H. Richardson      For       For          Management
2     Advisory Vote to Ratify Named           For       For          Management
      Executive Officers' Compensation
3     Ratify Ernst & Young LLP as Auditors    For       For          Management


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AVALONBAY COMMUNITIES, INC.

Ticker:       AVB            Security ID:  053484101
Meeting Date: MAY 21, 2015   Meeting Type: Annual
Record Date:  MAR 06, 2015

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Glyn F. Aeppel           For       For          Management
1.2   Elect Director Terry S. Brown           For       For          Management
1.3   Elect Director Alan B. Buckelew         For       For          Management
1.4   Elect Director Ronald L. Havner, Jr.    For       Withhold     Management
1.5   Elect Director John J. Healy, Jr.       For       For          Management
1.6   Elect Director Timothy J. Naughton      For       For          Management
1.7   Elect Director Lance R. Primis          For       For          Management
1.8   Elect Director Peter S. Rummell         For       For          Management
1.9   Elect Director H. Jay Sarles            For       For          Management
1.10  Elect Director W. Edward Walter         For       For          Management
2     Ratify Ernst & Young LLP as Auditors    For       For          Management
3     Advisory Vote to Ratify Named           For       For          Management
      Executive Officers' Compensation
4     Proxy Access                            Against   For          Shareholder
5     Require Independent Board Chairman      Against   Against      Shareholder


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BOSTON PROPERTIES, INC.

Ticker:       BXP            Security ID:  101121101
Meeting Date: MAY 19, 2015   Meeting Type: Annual
Record Date:  MAR 25, 2015

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Carol B. Einiger         For       For          Management
1.2   Elect Director Jacob A. Frenkel         For       For          Management
1.3   Elect Director Joel I. Klein            For       For          Management
1.4   Elect Director Douglas T. Linde         For       For          Management
1.5   Elect Director Matthew J. Lustig        For       For          Management
1.6   Elect Director Alan J. Patricof         For       For          Management
1.7   Elect Director Ivan G. Seidenberg       For       For          Management
1.8   Elect Director Owen D. Thomas           For       For          Management
1.9   Elect Director Martin Turchin           For       For          Management
1.10  Elect Director David A. Twardock        For       For          Management
1.11  Elect Director Mortimer B. Zuckerman    For       For          Management
2     Advisory Vote to Ratify Named           For       For          Management
      Executive Officers' Compensation
3     Ratify PricewaterhouseCoopers LLP as    For       For          Management
      Auditors
4     Require Independent Board Chairman      Against   For          Shareholder
5     Adopt Proxy Access Right                Against   For          Shareholder
6     Limit Accelerated Vesting               Against   For          Shareholder


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CAMDEN PROPERTY TRUST

Ticker:       CPT            Security ID:  133131102
Meeting Date: MAY 08, 2015   Meeting Type: Annual
Record Date:  MAR 16, 2015

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Richard J. Campo         For       For          Management
1.2   Elect Director Scott S. Ingraham        For       For          Management
1.3   Elect Director Lewis A. Levey           For       For          Management
1.4   Elect Director William B. McGuire, Jr.  For       For          Management
1.5   Elect Director William F. Paulsen       For       For          Management
1.6   Elect Director D. Keith Oden            For       For          Management
1.7   Elect Director F. Gardner Parker        For       For          Management
1.8   Elect Director Frances Aldrich          For       For          Management
      Sevilla-Sacasa
1.9   Elect Director Steven A. Webster        For       For          Management
1.10  Elect Director Kelvin R. Westbrook      For       For          Management
2     Ratify Deloitte & Touche LLP as         For       For          Management
      Auditors
3     Advisory Vote to Ratify Named           For       For          Management
      Executive Officers' Compensation


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CHATHAM LODGING TRUST

Ticker:       CLDT           Security ID:  16208T102
Meeting Date: MAY 21, 2015   Meeting Type: Annual
Record Date:  APR 01, 2015

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director C. Gerald Goldsmith      For       For          Management
1.2   Elect Director Rolf E. Ruhfus           For       For          Management
1.3   Elect Director Joel F. Zemans           For       For          Management
2     Ratify PricewaterhouseCoopers LLP as    For       For          Management
      Auditors
3     Advisory Vote to Ratify Named           For       For          Management
      Executive Officers' Compensation


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CORESITE REALTY CORPORATION

Ticker:       COR            Security ID:  21870Q105
Meeting Date: MAY 20, 2015   Meeting Type: Annual
Record Date:  MAR 20, 2015

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Robert G. Stuckey        For       For          Management
1.2   Elect Director Thomas M. Ray            For       For          Management
1.3   Elect Director James A. Attwood, Jr.    For       For          Management
1.4   Elect Director Michael R. Koehler       For       For          Management
1.5   Elect Director Paul E. Szurek           For       For          Management
1.6   Elect Director J. David Thompson        For       For          Management
1.7   Elect Director David A. Wilson          For       For          Management
2     Ratify KPMG LLP as Auditors             For       For          Management
3     Advisory Vote to Ratify Named           For       For          Management
      Executive Officers' Compensation


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COUSINS PROPERTIES INCORPORATED

Ticker:       CUZ            Security ID:  222795106
Meeting Date: MAY 05, 2015   Meeting Type: Annual
Record Date:  FEB 27, 2015

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Robert M. Chapman        For       For          Management
1.2   Elect Director Tom G. Charlesworth      For       For          Management
1.3   Elect Director Lawrence L.              For       For          Management
      Gellerstedt, III
1.4   Elect Director Lillian C. Giornelli     For       For          Management
1.5   Elect Director S. Taylor Glover         For       For          Management
1.6   Elect Director James H. Hance, Jr.      For       For          Management
1.7   Elect Director Donna W. Hyland          For       For          Management
1.8   Elect Director R. Dary Stone            For       For          Management
2     Advisory Vote to Ratify Named           For       For          Management
      Executive Officers' Compensation
3     Ratify Deloitte & Touche LLP as         For       For          Management
      Auditors


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EQUITY RESIDENTIAL

Ticker:       EQR            Security ID:  29476L107
Meeting Date: JUN 24, 2015   Meeting Type: Annual
Record Date:  MAR 31, 2015

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director John W. Alexander        For       For          Management
1.2   Elect Director Charles L. Atwood        For       For          Management
1.3   Elect Director Linda Walker Bynoe       For       For          Management
1.4   Elect Director Mary Kay Haben           For       For          Management
1.5   Elect Director Bradley A. Keywell       For       For          Management
1.6   Elect Director John E. Neal             For       For          Management
1.7   Elect Director David J. Neithercut      For       For          Management
1.8   Elect Director Mark S. Shapiro          For       For          Management
1.9   Elect Director Gerald A. Spector        For       For          Management
1.10  Elect Director Stephen E. Sterrett      For       For          Management
1.11  Elect Director B. Joseph White          For       For          Management
1.12  Elect Director Samuel Zell              For       For          Management
2     Ratify Ernst & Young LLP as Auditors    For       For          Management
3     Advisory Vote to Ratify Named           For       For          Management
      Executive Officers' Compensation
4     Proxy Access                            Against   For          Shareholder


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ESSEX PROPERTY TRUST, INC.

Ticker:       ESS            Security ID:  297178105
Meeting Date: MAY 19, 2015   Meeting Type: Annual
Record Date:  FEB 27, 2015

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director David W. Brady           For       For          Management
1.2   Elect Director Keith R. Guericke        For       For          Management
1.3   Elect Director Irving F. Lyons, III     For       For          Management
1.4   Elect Director George M. Marcus         For       For          Management
1.5   Elect Director Gary P. Martin           For       For          Management
1.6   Elect Director Issie N. Rabinovitch     For       For          Management
1.7   Elect Director Thomas E. Randlett       For       For          Management
1.8   Elect Director Thomas E. Robinson       For       For          Management
1.9   Elect Director Michael J. Schall        For       For          Management
1.10  Elect Director Byron A. Scordelis       For       For          Management
1.11  Elect Director Janice L. Sears          For       For          Management
1.12  Elect Director Thomas P. Sullivan       For       For          Management
1.13  Elect Director Claude J. Zinngrabe, Jr. For       For          Management
2     Ratify KPMG LLP as Auditors             For       For          Management
3     Advisory Vote to Ratify Named           For       For          Management
      Executive Officers' Compensation


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EXTRA SPACE STORAGE INC.

Ticker:       EXR            Security ID:  30225T102
Meeting Date: MAY 26, 2015   Meeting Type: Annual
Record Date:  MAR 30, 2015

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Kenneth M. Woolley       For       For          Management
1.2   Elect Director Spencer F. Kirk          For       For          Management
1.3   Elect Director Karl Haas                For       For          Management
1.4   Elect Director Joseph D. Margolis       For       For          Management
1.5   Elect Director Diane Olmstead           For       For          Management
1.6   Elect Director Roger B. Porter          For       For          Management
1.7   Elect Director K. Fred Skousen          For       For          Management
2     Ratify Ernst & Young LLP as Auditors    For       For          Management
3     Advisory Vote to Ratify Named           For       For          Management
      Executive Officers' Compensation
4     Approve Omnibus Stock Plan              For       For          Management


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FIRST INDUSTRIAL REALTY TRUST, INC.

Ticker:       FR             Security ID:  32054K103
Meeting Date: MAY 07, 2015   Meeting Type: Annual
Record Date:  MAR 20, 2015

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Matthew S. Dominski      For       For          Management
1.2   Elect Director Bruce W. Duncan          For       For          Management
1.3   Elect Director H. Patrick Hackett, Jr.  For       For          Management
1.4   Elect Director John Rau                 For       For          Management
1.5   Elect Director L. Peter Sharpe          For       For          Management
1.6   Elect Director W. Ed Tyler              For       For          Management
2     Advisory Vote to Ratify Named           For       For          Management
      Executive Officers' Compensation
3     Ratify PricewaterhouseCoopers LLP as    For       For          Management
      Auditors


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FIRST POTOMAC REALTY TRUST

Ticker:       FPO            Security ID:  33610F109
Meeting Date: MAY 21, 2015   Meeting Type: Annual
Record Date:  MAR 16, 2015

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Robert H. Arnold         For       For          Management
1.2   Elect Director Richard B. Chess         For       For          Management
1.3   Elect Director Douglas J. Donatelli     For       For          Management
1.4   Elect Director James P. Hoffmann        For       For          Management
1.5   Elect Director Alan G. Merten           For       For          Management
1.6   Elect Director Thomas E. Robinson       For       For          Management
1.7   Elect Director Terry L. Stevens         For       For          Management
2     Ratify KPMG LLP as Auditors             For       For          Management
3     Advisory Vote to Ratify Named           For       For          Management
      Executive Officers' Compensation


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GENERAL GROWTH PROPERTIES, INC.

Ticker:       GGP            Security ID:  370023103
Meeting Date: APR 16, 2015   Meeting Type: Annual
Record Date:  FEB 17, 2015

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1a    Elect Director Richard B. Clark         For       For          Management
1b    Elect Director Mary Lou Fiala           For       For          Management
1c    Elect Director J. Bruce Flatt           For       For          Management
1d    Elect Director John K. Haley            For       For          Management
1e    Elect Director Daniel B. Hurwitz        For       For          Management
1f    Elect Director Brian W. Kingston        For       For          Management
1g    Elect Director Sandeep Mathrani         For       For          Management
1h    Elect Director David J. Neithercut      For       For          Management
1i    Elect Director Mark R. Patterson        For       For          Management
2     Ratify Deloitte & Touche LLP as         For       For          Management
      Auditors
3     Advisory Vote to Ratify Named           For       For          Management
      Executive Officers' Compensation
4     Performance Based Equity Awards         Against   For          Shareholder


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HEALTH CARE REIT, INC.

Ticker:       HCN            Security ID:  42217K106
Meeting Date: MAY 07, 2015   Meeting Type: Annual
Record Date:  MAR 10, 2015

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1a    Elect Director Thomas J. DeRosa         For       For          Management
1b    Elect Director Jeffrey H. Donahue       For       For          Management
1c    Elect Director Fred S. Klipsch          For       For          Management
1d    Elect Director Geoffrey G. Meyers       For       For          Management
1e    Elect Director Timothy J. Naughton      For       For          Management
1f    Elect Director Sharon M. Oster          For       For          Management
1g    Elect Director Judith C. Pelham         For       For          Management
1h    Elect Director Sergio D. Rivera         For       For          Management
1i    Elect Director R. Scott Trumbull        For       For          Management
2     Ratify Ernst & Young LLP as Auditors    For       For          Management
3     Advisory Vote to Ratify Named           For       For          Management
      Executive Officers' Compensation


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HUDSON PACIFIC PROPERTIES, INC.

Ticker:       HPP            Security ID:  444097109
Meeting Date: MAR 05, 2015   Meeting Type: Special
Record Date:  JAN 16, 2015

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Issue Shares in Connection with         For       For          Management
      Acquisition
2     Adjourn Meeting                         For       For          Management


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HUDSON PACIFIC PROPERTIES, INC.

Ticker:       HPP            Security ID:  444097109
Meeting Date: MAY 20, 2015   Meeting Type: Annual
Record Date:  MAR 20, 2015

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Victor J. Coleman        For       For          Management
1.2   Elect Director Theodore R. Antenucci    For       For          Management
1.3   Elect Director Frank Cohen              For       For          Management
1.4   Elect Director Richard B. Fried         For       For          Management
1.5   Elect Director Jonathan M. Glaser       For       For          Management
1.6   Elect Director Robert L. Harris, II     For       For          Management
1.7   Elect Director Mark D. Linehan          For       For          Management
1.8   Elect Director Robert M. Moran, Jr.     For       For          Management
1.9   Elect Director Michael Nash             For       For          Management
1.10  Elect Director Barry A. Porter          For       For          Management
1.11  Elect Director John Schreiber           For       For          Management
2     Ratify Ernst & Young LLP as Auditors    For       For          Management
3     Advisory Vote to Ratify Named           For       For          Management
      Executive Officers' Compensation


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KILROY REALTY CORPORATION

Ticker:       KRC            Security ID:  49427F108
Meeting Date: MAY 21, 2015   Meeting Type: Annual
Record Date:  MAR 13, 2015

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1a    Elect Director John Kilroy              For       For          Management
1b    Elect Director Edward Brennan           For       For          Management
1c    Elect Director Jolie Hunt               For       For          Management
1d    Elect Director Scott Ingraham           For       For          Management
1e    Elect Director Gary Stevenson           For       For          Management
1f    Elect Director Peter Stoneberg          For       For          Management
2     Amend Omnibus Stock Plan                For       For          Management
3     Advisory Vote to Ratify Named           For       For          Management
      Executive Officers' Compensation
4     Ratify Deloitte & Touche LLP as         For       For          Management
      Auditors


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KITE REALTY GROUP TRUST

Ticker:       KRG            Security ID:  49803T300
Meeting Date: MAY 21, 2015   Meeting Type: Annual
Record Date:  APR 01, 2015

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director John A. Kite             For       For          Management
1.2   Elect Director William E. Bindley       For       For          Management
1.3   Elect Director Victor J. Coleman        For       For          Management
1.4   Elect Director Lee A. Daniels           For       For          Management
1.5   Elect Director Gerald W. Grupe          For       For          Management
1.6   Elect Director Christie B. Kelly        For       For          Management
1.7   Elect Director David R. O'Reilly        For       For          Management
1.8   Elect Director Barton R. Peterson       For       For          Management
1.9   Elect Director Charles H. Wurtzebach    For       For          Management
2     Reduce Authorized Common Stock          For       For          Management
3     Advisory Vote to Ratify Named           For       Against      Management
      Executive Officers' Compensation
4     Ratify Ernst & Young LLP as Auditors    For       For          Management


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LASALLE HOTEL PROPERTIES

Ticker:       LHO            Security ID:  517942108
Meeting Date: MAY 07, 2015   Meeting Type: Annual
Record Date:  FEB 20, 2015

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Jeffrey T. Foland        For       For          Management
1.2   Elect Director Darryl Hartley-Leonard   For       For          Management
1.3   Elect Director William S. McCalmont     For       For          Management
2     Ratify KPMG LLP as Auditors             For       For          Management
3     Advisory Vote to Ratify Named           For       For          Management
      Executive Officers' Compensation


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NORTHSTAR ASSET MANAGEMENT GROUP INC.

Ticker:       NSAM           Security ID:  66705Y104
Meeting Date: MAY 27, 2015   Meeting Type: Annual
Record Date:  APR 08, 2015

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director David T. Hamamoto        For       For          Management
1.2   Elect Director Stephen E. Cummings      For       For          Management
1.3   Elect Director Judith A. Hannaway       For       For          Management
1.4   Elect Director Oscar Junquera           For       For          Management
1.5   Elect Director Justin Metz              For       For          Management
1.6   Elect Director Wesley D. Minami         For       For          Management
1.7   Elect Director Louis J. Paglia          For       For          Management
2     Advisory Vote to Ratify Named           For       Against      Management
      Executive Officers' Compensation
3     Advisory Vote on Say on Pay Frequency   One Year  One Year     Management
4     Ratify Grant Thornton LLP as Auditors   For       For          Management


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NORTHSTAR REALTY FINANCE CORP.

Ticker:       NRF            Security ID:  66704R704
Meeting Date: MAY 27, 2015   Meeting Type: Annual
Record Date:  APR 08, 2015

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director David T. Hamamoto        For       For          Management
1.2   Elect Director Judith A. Hannaway       For       Withhold     Management
1.3   Elect Director Wesley D. Minami         For       For          Management
1.4   Elect Director Louis J. Paglia          For       Withhold     Management
1.5   Elect Director Charles W. Schoenherr    For       Withhold     Management
2     Advisory Vote to Ratify Named           For       Against      Management
      Executive Officers' Compensation
3     Ratify Grant Thornton LLP as Auditors   For       For          Management


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PEBBLEBROOK HOTEL TRUST

Ticker:       PEB            Security ID:  70509V100
Meeting Date: JUN 17, 2015   Meeting Type: Annual
Record Date:  MAR 23, 2015

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Jon E. Bortz             For       For          Management
1.2   Elect Director Cydney C. Donnell        For       For          Management
1.3   Elect Director Ron E. Jackson           For       For          Management
1.4   Elect Director Phillip M. Miller        For       For          Management
1.5   Elect Director Michael J. Schall        For       For          Management
1.6   Elect Director Earl E. Webb             For       For          Management
1.7   Elect Director Laura H. Wright          For       For          Management
2     Ratify KPMG LLP as Auditors             For       For          Management
3     Advisory Vote to Ratify Named           For       For          Management
      Executive Officers' Compensation
4     Amend Articles to Opt Out of            Against   For          Shareholder
      Maryland's Unsolicited Takeover Act
      and Require Majority Vote to Opt Back
      into Act


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PROLOGIS, INC.

Ticker:       PLD            Security ID:  74340W103
Meeting Date: APR 29, 2015   Meeting Type: Annual
Record Date:  MAR 09, 2015

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1a    Elect Director Hamid R. Moghadam        For       For          Management
1b    Elect Director George L. Fotiades       For       For          Management
1c    Elect Director Christine N. Garvey      For       For          Management
1d    Elect Director Lydia H. Kennard         For       For          Management
1e    Elect Director J. Michael Losh          For       For          Management
1f    Elect Director Irving F. Lyons, III     For       For          Management
1g    Elect Director David P. O'Connor        For       For          Management
1h    Elect Director Jeffrey L. Skelton       For       For          Management
1i    Elect Director Carl B. Webb             For       For          Management
1j    Elect Director William D. Zollars       For       For          Management
2     Advisory Vote to Ratify Named           For       For          Management
      Executive Officers' Compensation
3     Ratify KPMG LLP as Auditors             For       For          Management


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REGENCY CENTERS CORPORATION

Ticker:       REG            Security ID:  758849103
Meeting Date: MAY 12, 2015   Meeting Type: Annual
Record Date:  MAR 18, 2015

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Martin E. Stein, Jr.     For       For          Management
1.2   Elect Director Raymond L. Bank          For       For          Management
1.3   Elect Director Bryce Blair              For       For          Management
1.4   Elect Director C. Ronald Blankenship    For       For          Management
1.5   Elect Director A.r. Carpenter           For       For          Management
1.6   Elect Director J. Dix Druce, Jr.        For       For          Management
1.7   Elect Director Mary Lou Fiala           For       For          Management
1.8   Elect Director David P. O'Connor        For       For          Management
1.9   Elect Director John C. Schweitzer       For       For          Management
1.10  Elect Director Brian M. Smith           For       For          Management
1.11  Elect Director Thomas G. Wattles        For       For          Management
2     Advisory Vote to Ratify Named           For       For          Management
      Executive Officers' Compensation
3     Ratify KPMG LLP as Auditors             For       For          Management


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SABRA HEALTH CARE REIT, INC.

Ticker:       SBRA           Security ID:  78573L106
Meeting Date: JUN 17, 2015   Meeting Type: Annual
Record Date:  APR 20, 2015

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1a    Elect Director Craig A. Barbarosh       For       For          Management
1b    Elect Director Robert A. Ettl           For       For          Management
1c    Elect Director Michael J. Foster        For       For          Management
1d    Elect Director Richard K. Matros        For       For          Management
1e    Elect Director Milton J. Walters        For       For          Management
2     Ratify PricewaterhouseCoopers LLP as    For       For          Management
      Auditors
3     Advisory Vote to Ratify Named           For       For          Management
      Executive Officers' Compensation


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SIMON PROPERTY GROUP, INC.

Ticker:       SPG            Security ID:  828806109
Meeting Date: MAY 14, 2015   Meeting Type: Annual
Record Date:  MAR 16, 2015

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1a    Elect Director Melvyn E. Bergstein      For       For          Management
1b    Elect Director Larry C. Glasscock       For       For          Management
1c    Elect Director Karen N. Horn            For       For          Management
1d    Elect Director Allan Hubbard            For       For          Management
1e    Elect Director Reuben S. Leibowitz      For       For          Management
1f    Elect Director Daniel C. Smith          For       For          Management
1g    Elect Director J. Albert Smith, Jr.     For       For          Management
2     Advisory Vote to Ratify Named           For       For          Management
      Executive Officers' Compensation
3     Ratify Ernst & Young LLP as  Auditors   For       For          Management
4     Provide Vote Counting to Exclude        Against   Against      Shareholder
      Abstentions


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SL GREEN REALTY CORP.

Ticker:       SLG            Security ID:  78440X101
Meeting Date: JUN 04, 2015   Meeting Type: Annual
Record Date:  MAR 31, 2015

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director John H. Alschuler        For       For          Management
1.2   Elect Director Stephen L. Green         For       For          Management
2     Advisory Vote to Ratify Named           For       Against      Management
      Executive Officers' Compensation
3     Ratify Ernst & Young LLP as Auditors    For       For          Management


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STRATEGIC HOTELS & RESORTS, INC.

Ticker:       BEE            Security ID:  86272T106
Meeting Date: MAY 21, 2015   Meeting Type: Annual
Record Date:  MAR 16, 2015

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Robert P. Bowen          For       For          Management
1.2   Elect Director Raymond L. Gellein, Jr.  For       For          Management
1.3   Elect Director James A. Jeffs           For       For          Management
1.4   Elect Director David W. Johnson         For       For          Management
1.5   Elect Director Richard D. Kincaid       For       For          Management
1.6   Elect Director David M.C. Michels       For       For          Management
1.7   Elect Director William A. Prezant       For       For          Management
1.8   Elect Director Eugene F. Reilly         For       For          Management
1.9   Elect Director Sheli Z. Rosenberg       For       For          Management
2     Advisory Vote to Ratify Named           For       For          Management
      Executive Officers' Compensation
3     Ratify Deloitte & Touche LLP as         For       For          Management
      Auditors
4     Amend Articles to Remove Antitakeover   Against   For          Shareholder
      Provisions


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SUN COMMUNITIES, INC.

Ticker:       SUI            Security ID:  866674104
Meeting Date: JUL 22, 2014   Meeting Type: Annual
Record Date:  MAY 09, 2014

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1a    Elect Director Stephanie W. Bergeron    For       For          Management
1b    Elect Director Brian M. Hermelin        For       For          Management
1c    Elect Director Paul D. Lapides          For       For          Management
1d    Elect Director Clunet R. Lewis          For       For          Management
1e    Elect Director Ronald L. Piasecki       For       For          Management
1f    Elect Director Gary A. Shiffman         For       For          Management
1g    Elect Director Arthur A. Weiss          For       For          Management
2     Ratify Auditors                         For       For          Management
3     Advisory Vote to Ratify Named           For       For          Management
      Executive Officers' Compensation


--------------------------------------------------------------------------------

VENTAS, INC.

Ticker:       VTR            Security ID:  92276F100
Meeting Date: MAY 14, 2015   Meeting Type: Annual
Record Date:  MAR 18, 2015

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1a    Elect Director Melody C. Barnes         For       For          Management
1b    Elect Director Debra A. Cafaro          For       For          Management
1c    Elect Director Douglas Crocker, II      For       For          Management
1d    Elect Director Ronald G. Geary          For       For          Management
1e    Elect Director Jay M. Gellert           For       For          Management
1f    Elect Director Richard I. Gilchrist     For       For          Management
1g    Elect Director Matthew J. Lustig        For       For          Management
1h    Elect Director Douglas M. Pasquale      For       For          Management
1i    Elect Director Robert D. Reed           For       For          Management
1j    Elect Director Glenn J. Rufrano         For       For          Management
1k    Elect Director James D. Shelton         For       For          Management
2     Ratify KPMG LLP as Auditors             For       For          Management
3     Advisory Vote to Ratify Named           For       For          Management
      Executive Officers' Compensation


--------------------------------------------------------------------------------

VORNADO REALTY TRUST

Ticker:       VNO            Security ID:  929042109
Meeting Date: MAY 21, 2015   Meeting Type: Annual
Record Date:  MAR 23, 2015

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Steven Roth              For       Withhold     Management
1.2   Elect Director Michael D. Fascitelli    For       Withhold     Management
1.3   Elect Director Russell B. Wight, Jr.    For       Withhold     Management
2     Ratify Deloitte & Touche LLP as         For       For          Management
      Auditors
3     Advisory Vote to Ratify Named           For       For          Management
      Executive Officers' Compensation
4     Require Independent Board Chairman      Against   For          Shareholder

========== END NPX REPORT
During the period July 1, 2014 – June 30, 2015, SSARIS Advisors, LLC did not vote any proxies on behalf of the CVR Dynamic Allocation Fund.
During the period July 1, 2014 – June 30, 2015, Acuitas Investments, LLC did not vote any proxies on behalf of the Acuitas International Small Cap Fund.
During the period July 1, 2014 – June 30, 2015, Acuitas Investments, LLC did not vote any proxies on behalf of the Acuitas US Microcap Fund.
During the period July 1, 2014 – June 30, 2015, Gurtin Fixed Income Management, LLC did not vote any proxies on behalf of the Gurtin California Municipal Value Fund.
During the period July 1, 2014 – June 30, 2015, Gurtin Fixed Income Management, LLC did not vote any proxies on behalf of the Gurtin National Municipal Value Fund.
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.

By:		/s/ Jessica Chase
		Jessica Chase, President and Principal Executive Officer

Date:		August 28, 2015