High Yield Fund 07/01/2018 to 06/30/2019 

ICA File Number:  811-04119 

Registrant Name:  T. Rowe Price High Yield Fund, Inc.

Reporting Period:  07/01/2018 - 06/30/2019 

FORM N-PX 

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT 

INVESTMENT COMPANY 

Investment Company Act file number 811-04119 

T. Rowe Price High Yield Fund, Inc.

(Exact name of registrant as specified in charter) 

100 East Pratt Street Baltimore, Maryland 21202 

(Address of principal executive offices) 

Ryan Nolan 

100 East Pratt Street 

Baltimore, Maryland 21202 

(Name and address of agent for service) 

Registrant’s telephone number, including area code: (410) 345-2000 

Date of fiscal year end: 5/31 

Date of reporting period: 07/01/2018 to 06/30/2019 

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. 

(Registrant) T. Rowe Price High Yield Fund, Inc. 

By (Signature and Title) /s/ Edward C. Bernard 

                                        Edward C. Bernard, Chairman of the Board - T. Rowe Price Funds  

Date September 3, 2019 

=============================== High Yield Fund ================================


CONSTELLIUM NV

Ticker:       CSTM           Security ID:  N22035104
Meeting Date: JUN 27, 2019   Meeting Type: Annual
Record Date:  MAY 30, 2019

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Open Meeting                            None      None         Management
2     Change Company Form to Societas         For       For          Management
      Europaea
3     Amend Articles of Association           For       For          Management
4     Discuss Annual Report 2018              None      None         Management
5     Discussion on Company's Corporate       None      None         Management
      Governance Structure
6a    Discuss Remuneration Report             None      None         Management
6b    Approve Remuneration of Non-Executive   For       For          Management
      Directors
7     Adopt Annual Accounts 2018              For       For          Management
8     Discuss Allocation of Income            None      None         Management
9     Approve Discharge of Executive          For       For          Management
      Directors
10    Approve Discharge of Non-Executive      For       For          Management
      Directors
11    Authorize Repurchase of Up to 10        For       For          Management
      Percent of Issued Share Capital
12    Grant Board Authority to Issue Shares   For       For          Management
      Up to 10 Percent of Issued Capital
      Plus Additional 10 Percent in Case of
      Merger or Acquisition
13    Authorize Board to Exclude Preemptive   For       For          Management
      Rights from Share Issuances
14a   Reelect Michiel Brandjes as             For       For          Management
      Non-Executive Director
14b   Reelect Martha Brooks as Non-Executive  For       For          Management
      Director
14c   Reelect Richard B. Evans as             For       For          Management
      Non-Executive Director
14d   Reelect Stephanie Frachet as            For       For          Management
      Non-Executive Director
14e   Reelect Philippe C.A. Guillemot as      For       For          Management
      Non-Executive Director
14f   Reelect Peter Hartman as Non-Executive  For       For          Management
      Director
14g   Reelect Guy Maugis as Non-Executive     For       For          Management
      Director
14h   Reelect John Ormerod as Non-Executive   For       For          Management
      Director
14i   Reelect Werner Paschke as               For       For          Management
      Non-Executive Director
14j   Reelect Lori Walker as Non-Executive    For       For          Management
      Director
15    Ratify PricewaterhouseCoopers as        For       For          Management
      Auditors
16    Allow Questions                         None      None         Management
17    Close Meeting                           None      None         Management


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

FRONTERA ENERGY CORPORATION

Ticker:       FEC            Security ID:  35905B107
Meeting Date: MAY 29, 2019   Meeting Type: Annual/Special
Record Date:  APR 18, 2019

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Fix Number of Directors at Seven        For       For          Management
2.1   Elect Director Luis Fernando Alarcon    For       For          Management
2.2   Elect Director W. Ellis Armstrong       For       For          Management
2.3   Elect Director Gabriel de Alba          For       For          Management
2.4   Elect Director Raymond Bromark          For       For          Management
2.5   Elect Director Orlando Cabrales         For       For          Management
2.6   Elect Director Russell Ford             For       For          Management
2.7   Elect Director Veronique Giry           For       For          Management
3     Approve Ernst & Young LLP as Auditors   For       For          Management
      and Authorize Board to Fix Their
      Remuneration
4     Amend Shareholder Rights Plan           For       For          Management


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

FRONTERA ENERGY CORPORATION

Ticker:       FEC            Security ID:  35905B305
Meeting Date: MAY 29, 2019   Meeting Type: Annual/Special
Record Date:  APR 18, 2019

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Fix Number of Directors at Seven        For       For          Management
2.1   Elect Director Luis Fernando Alarcon    For       For          Management
2.2   Elect Director W. Ellis Armstrong       For       For          Management
2.3   Elect Director Gabriel de Alba          For       For          Management
2.4   Elect Director Raymond Bromark          For       For          Management
2.5   Elect Director Orlando Cabrales         For       For          Management
2.6   Elect Director Russell Ford             For       For          Management
2.7   Elect Director Veronique Giry           For       For          Management
3     Approve Ernst & Young LLP as Auditors   For       For          Management
      and Authorize Board to Fix Their
      Remuneration
4     Amend Shareholder Rights Plan           For       For          Management


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

LANDS' END, INC.

Ticker:       LE             Security ID:  51509F105
Meeting Date: MAY 09, 2019   Meeting Type: Annual
Record Date:  MAR 11, 2019

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Robert Galvin            For       For          Management
1.2   Elect Director Jerome S. Griffith       For       For          Management
1.3   Elect Director Elizabeth Leykum         For       For          Management
1.4   Elect Director Josephine Linden         For       For          Management
1.5   Elect Director John T. McClain          For       For          Management
1.6   Elect Director Maureen Mullen           For       For          Management
1.7   Elect Director Jignesh Patel            For       For          Management
1.8   Elect Director Jonah Staw               For       For          Management
2     Advisory Vote to Ratify Named           For       For          Management
      Executive Officers' Compensation
3     Amend Omnibus Stock Plan                For       For          Management
4     Ratify Deloitte & Touche LLP as Auditor For       For          Management


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

LIBERTY BROADBAND CORPORATION

Ticker:       LBRDA          Security ID:  530307107
Meeting Date: MAY 23, 2019   Meeting Type: Annual
Record Date:  APR 01, 2019

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Richard R. Green         For       Withhold     Management
1.2   Elect Director Gregory B. Maffei        For       For          Management
2     Ratify KPMG LLP as Auditor              For       For          Management
3     Approve Omnibus Stock Plan              For       Against      Management




============================= U.S. High Yield Fund =============================


ALTICE USA, INC.

Ticker:       ATUS           Security ID:  02156K103
Meeting Date: APR 30, 2019   Meeting Type: Annual
Record Date:  MAR 07, 2019

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1a    Elect Director Patrick Drahi            For       Against      Management
1b    Elect Director Dexter Goei              For       Against      Management
1c    Elect Director Dennis Okhuijsen         For       Against      Management
1d    Elect Director Raymond Svider           For       For          Management
1e    Elect Director Mark Mullen              For       For          Management
1f    Elect Director Manon Brouillette        For       For          Management
1g    Elect Director Charles Stewart          For       Against      Management
1h    Elect Director Gerrit Jan Bakker        For       Against      Management
1i    Elect Director David Drahi              For       Against      Management
2     Ratify KPMG LLP as Auditor              For       For          Management
3     Advisory Vote to Ratify Named           For       Against      Management
      Executive Officers' Compensation
4     Advisory Vote on Say on Pay Frequency   Three     One Year     Management
                                              Years


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

CENTURYLINK, INC.

Ticker:       CTL            Security ID:  156700106
Meeting Date: MAY 22, 2019   Meeting Type: Annual
Record Date:  MAR 28, 2019

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1a    Elect Director Martha H. Bejar          For       For          Management
1b    Elect Director Virginia Boulet          For       For          Management
1c    Elect Director Peter C. Brown           For       For          Management
1d    Elect Director Kevin P. Chilton         For       For          Management
1e    Elect Director Steven T. Clontz         For       For          Management
1f    Elect Director T. Michael Glenn         For       For          Management
1g    Elect Director W. Bruce Hanks           For       For          Management
1h    Elect Director Mary L. Landrieu         For       For          Management
1i    Elect Director Harvey P. Perry          For       For          Management
1j    Elect Director Glen F. Post, III        For       For          Management
1k    Elect Director Michael J. Roberts       For       For          Management
1l    Elect Director Laurie A. Siegel         For       For          Management
1m    Elect Director Jeffrey K. Storey        For       For          Management
2     Ratify KPMG LLP as Auditors             For       For          Management
3     Increase Authorized Common Stock        For       For          Management
4     Adopt NOL Rights Plan (NOL Pill)        For       Against      Management
5     Advisory Vote to Ratify Named           For       For          Management
      Executive Officers' Compensation
6     Report on Lobbying Payments and Policy  Against   Against      Shareholder


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

TAILORED BRANDS, INC.

Ticker:       TLRD           Security ID:  87403A107
Meeting Date: JUN 21, 2019   Meeting Type: Annual
Record Date:  APR 23, 2019

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Dinesh S. Lathi          For       For          Management
1.2   Elect Director Theo Killion             For       For          Management
1.3   Elect Director David H. Edwab           For       For          Management
1.4   Elect Director Irene Chang Britt        For       For          Management
1.5   Elect Director Sue Gove                 For       For          Management
1.6   Elect Director Grace Nichols            For       For          Management
1.7   Elect Director Sheldon I. Stein         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

========== END NPX REPORT