N-PX 1 form-npx.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-PX ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number: 811-4338 HERITAGE CAPITAL APPRECIATION TRUST (Exact name of Registrant as Specified in Charter) 880 Carillon Parkway St. Petersburg, FL 33716 (Address of Principal Executive Office) (Zip Code) Registrant's Telephone Number, including Area Code: (727) 576-8143 STEPHEN G. HILL, PRESIDENT 880 Carillon Parkway St. Petersburg, FL 33716 (Name and Address of Agent for Service) Copy to: CLIFFORD J. ALEXANDER, ESQ. Kirkpatrick & Lockhart Nicholson Graham LLP 1601 K Street, NW Washington, D.C. 20006 Date of fiscal year end: August 31 Date of Reporting Period: July 1, 2005 to June 30, 2006 ITEM 1. PROXY VOTING RECORD. Heritage Capital Appreciation Trust Heritage Growth Equity Fund* *On December 23, 2005 Heritage Capital Appreciation Trust acquired all the assets of Heritage Growth Equity Fund (formerly, a series of Heritage Series Trust (File Nos. 033-579869; 811-07470)). --------------------------------------------------------------------------------
HERITAGE NAME CUSIP TICKER ISSUER MEETING DATE Capital Appreciation 313400301 FRE Freddie Mac. 2005 0715 Capital Appreciation 313400301 FRE Freddie Mac. 2005 0715 Capital Appreciation 716016209 PETC Petco Animal Supplies Inc. 2005 0728 Capital Appreciation 716016209 PETC Petco Animal Supplies Inc. 2005 0728 Capital Appreciation 029912201 AMT American Tower Corp. 2005 0803 Capital Appreciation 029912201 AMT American Tower Corp. 2005 0803 Capital Appreciation 029912201 AMT American Tower Corp. 2005 0803 Capital Appreciation 747525103 QCOM Qualcomm Inc. 2006 0307 Capital Appreciation 747525103 QCOM Qualcomm Inc. 2006 0307 Capital Appreciation 747525103 QCOM Qualcomm Inc. 2006 0307 Capital Appreciation 747525103 QCOM Qualcomm Inc. 2006 0307 Capital Appreciation 747525103 QCOM Qualcomm Inc. 2006 0307 Capital Appreciation 982526105 WWY Wm. Wrigley Jr. Co 2006 0404 Capital Appreciation 982526105 WWY Wm. Wrigley Jr. Co 2006 0404 Capital Appreciation 982526105 WWY Wm. Wrigley Jr. Co 2006 0404 Capital Appreciation 982526105 WWY Wm. Wrigley Jr. Co 2006 0404 Capital Appreciation 982526105 WWY Wm. Wrigley Jr. Co 2006 0404 Capital Appreciation 982526105 WWY Wm. Wrigley Jr. Co 2006 0404 Capital Appreciation 806857108 SLB Schlumberger Ltd 2006 0412 Capital Appreciation 806857108 SLB Schlumberger Ltd 2006 0412 Capital Appreciation 806857108 SLB Schlumberger Ltd 2006 0412 Capital Appreciation 806857108 SLB Schlumberger Ltd 2006 0412 Capital Appreciation 806857108 SLB Schlumberger Ltd 2006 0412 Capital Appreciation 913017109 UTX United Technologies Corp 2006 0412 Capital Appreciation 913017109 UTX United Technologies Corp 2006 0412 Capital Appreciation 913017109 UTX United Technologies Corp 2006 0412
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SHAREHOLDER, HOW THE MANAGEMENT VOTED WITH FUND OR ISSUER OR AGAINST CAST ITS ISSUE PROPSOAL MANAGEMENT VOTE VOTED? Elect Directors Management With For Yes Ratify Auditors Management With For Yes Elect Directors Management With For Yes Ratify Auditors Management With For Yes Issue shares in connection with an acquisition Management With For Yes Authorize Share Increase Management With For Yes Adjourn Meeting Management With For Yes Elect Directors Management With For Yes Declassify the Board and Eliminate Cumulative Voting Management With For Yes Amend Omnibus Stock Plan Management With For Yes Ratify Auditors Management With For Yes Adjourn Meeting Management With Against Yes Elect Directors Management With For Yes Approve Omnibus Stock Plan Management With Against Yes Authorize a New Class of Common Stock Management With Against Yes Company Specific/Increase the Class B Common Stock Automatic Management With Against Yes Conversion Company Specific/Automatic Conversion of Class B Common Stock Management With Against Yes Ratify Auditors Management With For Yes Elect Directors Management With For Yes Adoption and approval of financials and dividends Management With For Yes Adoption of amendment to the Articles of Incorporation Management With For Yes Approval of amendment and restatement of the Schlumberger 2005 Stock Option Plan Management With For Yes Approval of Independent Registered Public Accounting Firm Management With For Yes Elect Directors Management With For Yes Ratify Auditors Management With For Yes Increase Authorized Common Stock Management With For Yes
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HERITAGE NAME CUSIP TICKER ISSUER MEETING DATE Capital Appreciation 913017109 UTX United Technologies Corp 2006 0412 Capital Appreciation 913017109 UTX United Technologies Corp 2006 0412 Capital Appreciation 427866108 HSY The Hershey Co 2006 0418 Capital Appreciation 427866108 HSY The Hershey Co 2006 0418 Capital Appreciation 427866108 HSY The Hershey Co 2006 0418 Capital Appreciation 143658300 CCL Carnival Corp 2006 0420 Capital Appreciation 143658300 CCL Carnival Corp 2006 0420 Capital Appreciation 143658300 CCL Carnival Corp 2006 0420 Capital Appreciation 143658300 CCL Carnival Corp 2006 0420 Capital Appreciation 143658300 CCL Carnival Corp 2006 0420 Capital Appreciation 143658300 CCL Carnival Corp 2006 0420 Capital Appreciation 143658300 CCL Carnival Corp 2006 0420 Capital Appreciation 143658300 CCL Carnival Corp 2006 0420 Capital Appreciation 25816109 AXP American Express Co 2006 0424 Capital Appreciation 25816109 AXP American Express Co 2006 0424 Capital Appreciation 25816109 AXP American Express Co 2006 0424 Capital Appreciation 25816109 AXP American Express Co 2006 0424 Capital Appreciation 25816109 AXP American Express Co 2006 0424 Capital Appreciation 25816109 AXP American Express Co 2006 0424 Capital Appreciation 413619107 HET Harrah's Entertainment Inc 2006 0425 Capital Appreciation 413619107 HET Harrah's Entertainment Inc 2006 0425 Capital Appreciation 413619107 HET Harrah's Entertainment Inc 2006 0425 Capital Appreciation 615369105 MCO Moody's Corporation 2006 0425 Capital Appreciation 615369105 MCO Moody's Corporation 2006 0425
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SHAREHOLDER, HOW THE MANAGEMENT VOTED WITH FUND OR ISSUER OR AGAINST CAST ITS ISSUE PROPSOAL MANAGEMENT VOTE VOTED? Establish Term Limits for Directors Shareholder Against Against Yes Report on Foreign Sales of Military Products Shareholder Against Against Yes Elect Directors Management Against Split Yes Ratify Auditors Management With For Yes Report on Cocoa Supply Shareholder Against Against Yes Elect Directors Management With For Yes Ratify Auditors Management With For Yes To authorize the Audit Committee of Carnival PLC to agree to the remuneration of the Independent Auditors Management With For Yes To receive the accounts and reports for Carnival PLC for the financial year ended November 30 2005 Management With For Yes To approve the Directors remuneration report of Carnival PLC Management With For Yes To approve the limits on the authority to allot shares by Carnival PLC Management With For Yes To approve the disapplication of pre-emptive rights for Carnival PLC Management With For Yes To approve a general authority for Carnival PLC to buy back Carnival PLC ordinary shares in the open market Management With For Yes Elect Directors Management With For Yes Ratify Auditors Management With For Yes Limit/Prohibit Executive Stock-Based Awards Shareholder Against Against Yes Require a Majority Vote for the Election of Directors Shareholder Against For Yes Exclude Reference to Sexual Orientation from the Company's EEO Statement Shareholder Against Against Yes Company-Specific -- Reimbursement of Expenses for Certain Shareholder Against Against Yes Shareholder-Nominated Director Candidates Elect Directors Management With For Yes Amend Omnibus Stock Plan Management With For Yes Ratify Auditors Management With For Yes Elect Directors Management With For Yes Ratify Auditors Management With For Yes
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HERITAGE NAME CUSIP TICKER ISSUER MEETING DATE Capital Appreciation 615369105 MCO Moody's Corporation 2006 0425 Capital Appreciation 184502102 CCU Clear Channel Communications Inc 2006 0426 Capital Appreciation 184502102 CCU Clear Channel Communications Inc 2006 0426 Capital Appreciation 184502102 CCU Clear Channel Communications Inc 2006 0426 Capital Appreciation 184502102 CCU Clear Channel Communications Inc 2006 0426 Capital Appreciation 184502102 CCU Clear Channel Communications Inc 2006 0426 Capital Appreciation 184502102 CCU Clear Channel Communications Inc 2006 0426 Capital Appreciation 184502102 CCU Clear Channel Communications Inc 2006 0426 Capital Appreciation 184502102 CCU Clear Channel Communications Inc 2006 0426 Capital Appreciation 184502102 CCU Clear Channel Communications Inc 2006 0426 Capital Appreciation 184502102 CCU Clear Channel Communications Inc 2006 0426 Capital Appreciation 184502102 CCU Clear Channel Communications Inc 2006 0426 Capital Appreciation 184502102 CCU Clear Channel Communications Inc 2006 0426 Capital Appreciation 184502102 CCU Clear Channel Communications Inc 2006 0426 Capital Appreciation 184502102 CCU Clear Channel Communications Inc 2006 0426 Capital Appreciation 369604103 GE General Electric Co 2006 0426 Capital Appreciation 369604103 GE General Electric Co 2006 0426 Capital Appreciation 369604103 GE General Electric Co 2006 0426 Capital Appreciation 369604103 GE General Electric Co 2006 0426 Capital Appreciation 369604103 GE General Electric Co 2006 0426 Capital Appreciation 369604103 GE General Electric Co 2006 0426 Capital Appreciation 369604103 GE General Electric Co 2006 0426 Capital Appreciation 369604103 GE General Electric Co 2006 0426 Capital Appreciation 369604103 GE General Electric Co 2006 0426 Capital Appreciation 369604103 GE General Electric Co 2006 0426 Capital Appreciation 369604103 GE General Electric Co 2006 0426 Capital Appreciation 369604103 GE General Electric Co 2006 0426 Capital Appreciation 369604103 GE General Electric Co 2006 0426 Capital Appreciation 369604103 GE General Electric Co 2006 0426 Capital Appreciation 369604103 GE General Electric Co 2006 0426 Capital Appreciation 369604103 GE General Electric Co 2006 0426 Capital Appreciation 369604103 GE General Electric Co 2006 0426 Capital Appreciation 369604103 GE General Electric Co 2006 0426 Capital Appreciation 369604103 GE General Electric Co 2006 0426 Capital Appreciation 369604103 GE General Electric Co 2006 0426
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SHAREHOLDER, HOW THE MANAGEMENT VOTED WITH FUND OR ISSUER OR AGAINST CAST ITS ISSUE PROPSOAL MANAGEMENT VOTE VOTED? Declassify the Board of Directors Shareholder Against Against Yes Elect Director Alan D. Feld Management With For Yes Elect Director Perry J. Lewis Management With For Yes Elect Director L. Lowry Mays Management With For Yes Elect Director Mark P. Mays Management With For Yes Elect Director Randall T. Mays Management With For Yes Elect Director B. J. McCombs Management With For Yes Elect Director Phyllis B. Riggins Management With For Yes Elect Director Theodore H. Strauss Management With For Yes Elect Director J. C. Watts Jr. Management With For Yes Elect Director John H. Williams Management Against Withhold No Elect Director John B. Zachry Management With For Yes Ratify Auditors Management With For Yes Report on Political Contributions Shareholder Against For Yes Establish a Compensation Committee Shareholder Against For Yes Elect Director James I. Cash Jr. Management With For Yes Elect Director Sir William M. Castell Management With For Yes Elect Director Ann M. Fudge Management With For Yes Elect Director Claudio X. Gonzalez Management Against Withhold No Elect Director Jeffrey R. Immelt Management With For Yes Elect Director Andrea Jung Management With For Yes Elect Director Alan G. Lafley Management With For Yes Elect Director Robert W. Lane Management With For Yes Elect Director Ralph S. Larsen Management With For Yes Elect Director Rochelle B. Lazarus Management With For Yes Elect Director Sam Nunn Management With For Yes Elect Director Roger S. Penske Management With For Yes Elect Director Robert J. Swieringa Management With For Yes Elect Director Douglas A. Warner III Management With For Yes Elect Director Robert C. Wright Management With For Yes Ratify Auditors Management With For Yes Restore or Provide for Cumulative Voting Shareholder Against Against Yes Adopt Policy on Overboarded Directors Shareholder Against For Yes Company-Specific -- One Director from the Ranks of the Retirees Shareholder Against Against Yes Separate Chairman and CEO Positions Shareholder Against Against Yes
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HERITAGE NAME CUSIP TICKER ISSUER MEETING DATE Capital Appreciation 369604103 GE General Electric Co 2006 0426 Capital Appreciation 369604103 GE General Electric Co 2006 0426 Capital Appreciation 863667101 SYK Stryker Corp 2006 0426 Capital Appreciation 863667101 SYK Stryker Corp 2006 0426 Capital Appreciation 863667101 SYK Stryker Corp 2006 0426 Capital Appreciation 867229106 SU Suncor Energy Inc 2006 0426 Capital Appreciation 867229106 SU Suncor Energy Inc 2006 0426 Capital Appreciation 867229106 SU Suncor Energy Inc 2006 0426 Capital Appreciation 867229106 SU Suncor Energy Inc 2006 0426 Capital Appreciation 867229106 SU Suncor Energy Inc 2006 0426 Capital Appreciation 867229106 SU Suncor Energy Inc 2006 0426 Capital Appreciation 867229106 SU Suncor Energy Inc 2006 0426 Capital Appreciation 867229106 SU Suncor Energy Inc 2006 0426 Capital Appreciation 867229106 SU Suncor Energy Inc 2006 0426 Capital Appreciation 867229106 SU Suncor Energy Inc 2006 0426 Capital Appreciation 867229106 SU Suncor Energy Inc 2006 0426 Capital Appreciation 867229106 SU Suncor Energy Inc 2006 0426 Capital Appreciation 867229106 SU Suncor Energy Inc 2006 0426 Capital Appreciation 580645109 MHP The McGraw-Hill Companies Inc 2006 0426 Capital Appreciation 580645109 MHP The McGraw-Hill Companies Inc 2006 0426 Capital Appreciation 580645109 MHP The McGraw-Hill Companies Inc 2006 0426 Capital Appreciation 57224107 BHI Baker Hughes Inc 2006 0427 Capital Appreciation 57224107 BHI Baker Hughes Inc 2006 0427 Capital Appreciation 57224107 BHI Baker Hughes Inc 2006 0427 Capital Appreciation 57224107 BHI Baker Hughes Inc 2006 0427 Capital Appreciation 381317106 GDW Golden West Financial Corp 2006 0503 Capital Appreciation 381317106 GDW Golden West Financial Corp 2006 0503 Capital Appreciation 713448108 PEP PepsiCo Inc 2006 0503 Capital Appreciation 713448108 PEP PepsiCo Inc 2006 0503 Capital Appreciation 713448108 PEP PepsiCo Inc 2006 0503 Capital Appreciation 713448108 PEP PepsiCo Inc 2006 0503 Capital Appreciation 268648102 EMC EMC Corp 2006 0504 Capital Appreciation 268648102 EMC EMC Corp 2006 0504 Capital Appreciation 268648102 EMC EMC Corp 2006 0504
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SHAREHOLDER, HOW THE MANAGEMENT VOTED WITH FUND OR ISSUER OR AGAINST CAST ITS ISSUE PROPSOAL MANAGEMENT VOTE VOTED? Require a Majority Vote for the Election of Directors Shareholder Against Against Yes Report on Environmental Policies Shareholder Against Against Yes Elect Directors Management With For Yes Approve Omnibus Stock Plan Management With For Yes Ratify Auditors Management With For Yes Elect Director Mel E. Benson Management With For Yes Elect Director Brian A. Canfield Management With For Yes Elect Director Bryan P. Davies Management With For Yes Elect Director Brian A. Felesky Management With For Yes Elect Director John T. Ferguson Management With For Yes Elect Director W. Douglas Ford Management With For Yes Elect Director Richard L. George Management With For Yes Elect Director John R. Huff Management With For Yes Elect Director M. Ann McCaig Management With For Yes Elect Director Michael W. O'Brien Management Against Withhold No Elect Director JR Shaw Management With For Yes Elect Director Eira M. Thomas Management With For Yes Ratify PriceWaterhouseCoopers as Auditors Management With For Yes Elect Directors Management With For Yes Ratify Auditors Management With For Yes Declassify the Board of Directors Shareholder Against For Yes Elect Directors Management With For Yes Ratify Auditors Management With For Yes Amend Executive Incentive Bonus Plan Management With For Yes Amend Vote Requirements to Amend Articles/Bylaws/Charter Shareholder Against Against Yes Elect Directors Management With For Yes Ratify Auditors Management With For Yes Elect Directors Management With For Yes Ratify Auditors Management With For Yes Publish Political Contributions Shareholder Against Against Yes Report on Charitable Contributions Shareholder Against Against Yes Elect Directors Management With For Yes Ratify Auditors Management With For Yes Require a Majority Vote for the Election of Directors Shareholder Against For Yes
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HERITAGE NAME CUSIP TICKER ISSUER MEETING DATE Capital Appreciation 268648102 EMC EMC Corp 2006 0504 Capital Appreciation 268648102 EMC EMC Corp 2006 0504 Capital Appreciation 268648102 EMC EMC Corp 2006 0504 Capital Appreciation 31162100 AMGN Amgen Inc 2006 0510 Capital Appreciation 31162100 AMGN Amgen Inc 2006 0510 Capital Appreciation 31162100 AMGN Amgen Inc 2006 0510 Capital Appreciation 31162100 AMGN Amgen Inc 2006 0510 Capital Appreciation 31162100 AMGN Amgen Inc 2006 0510 Capital Appreciation 31162100 AMGN Amgen Inc 2006 0510 Capital Appreciation 31162100 AMGN Amgen Inc 2006 0510 Capital Appreciation 31162100 AMGN Amgen Inc 2006 0510 Capital Appreciation 141705103 CMX Caremark Rx Inc 2006 0510 Capital Appreciation 141705103 CMX Caremark Rx Inc 2006 0510 Capital Appreciation 319963104 FDC First Data Corp 2006 0510 Capital Appreciation 319963104 FDC First Data Corp 2006 0510 Capital Appreciation 319963104 FDC First Data Corp 2006 0510 Capital Appreciation 319963104 FDC First Data Corp 2006 0510 Capital Appreciation 319963104 FDC First Data Corp 2006 0510 Capital Appreciation 914906102 UVN Univision Communications Inc 2006 0510 Capital Appreciation 914906102 UVN Univision Communications Inc 2006 0510 Capital Appreciation 914906102 UVN Univision Communications Inc 2006 0510 Capital Appreciation 914906102 UVN Univision Communications Inc 2006 0510 Capital Appreciation 914906102 UVN Univision Communications Inc 2006 0510 Capital Appreciation 914906102 UVN Univision Communications Inc 2006 0510 Capital Appreciation 914906102 UVN Univision Communications Inc 2006 0510 Capital Appreciation 914906102 UVN Univision Communications Inc 2006 0510 Capital Appreciation 914906102 UVN Univision Communications Inc 2006 0510 Capital Appreciation 29912201 AMT American Tower Corp 2006 0511 Capital Appreciation 29912201 AMT American Tower Corp 2006 0511 Capital Appreciation 38259P508 GOOG Google Inc 2006 0511 Capital Appreciation 38259P508 GOOG Google Inc 2006 0511 Capital Appreciation 38259P508 GOOG Google Inc 2006 0511 Capital Appreciation 38259P508 GOOG Google Inc 2006 0511
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SHAREHOLDER, HOW THE MANAGEMENT VOTED WITH FUND OR ISSUER OR AGAINST CAST ITS ISSUE PROPSOAL MANAGEMENT VOTE VOTED? Performance-Based and/or Time-Based Equity Awards Shareholder Against For Yes Declassify the Board of Directors Shareholder Against For Yes Limit Composition of Committee(s) to Independent Directors Shareholder Against Against Yes Elect Directors Management With For Yes Ratify Auditors Management With For Yes Stock Retention Shareholder Against For Yes Link Executive Compensation to Social Issues Shareholder Against Against Yes Submit Shareholder Rights Plan (Poison Pill) to Shareholder Vote Shareholder With For Yes Develop an Animal Welfare Policy Shareholder Against Against Yes Require a Majority Vote for the Election of Directors Shareholder With For Yes Report on Political Contributions Shareholder With For Yes Elect Directors Management With For Yes Report Policies For Political Contributions Shareholder Against For Yes Elect Directors Management With For Yes Elect Director David A. Coulter Management With For Yes Elect Director Henry C. Duques Management With For Yes Elect Director Peter B. Ellwood Management With For Yes Ratify Auditors Management With For Yes Elect Director A. Jerrold Perenchio Management Against Withhold No Elect Director Anthony Cassara Management Against Withhold No Elect Director Harold Gaba Management With For Yes Elect Director Alan F. Horn Management With For Yes Elect Director Michael O. Johnson Management With For Yes Elect Director John G. Perenchio Management Against Withhold No Elect Director Ray Rodriguez Management Against Withhold No Elect Director McHenry T. Tichenor Jr. Management Against Withhold No Ratify Auditors Management With For Yes Elect Directors Management With For Yes Ratify Auditors Management With For Yes Elect Directors Management With For Yes Ratify Auditors Management With For Yes Amend Omnibus Stock Plan Management Against For Yes Company-Specific-Recapitalization Plan Shareholder Against For Yes
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HERITAGE NAME CUSIP TICKER ISSUER MEETING DATE Capital Appreciation 458140100 INTC Intel Corp 2006 0517 Capital Appreciation 458140100 INTC Intel Corp 2006 0517 Capital Appreciation 458140100 INTC Intel Corp 2006 0517 Capital Appreciation 458140100 INTC Intel Corp 2006 0517 Capital Appreciation 458140100 INTC Intel Corp 2006 0517 Capital Appreciation 458140100 INTC Intel Corp 2006 0517 Capital Appreciation 458140100 INTC Intel Corp 2006 0517 Capital Appreciation 458140100 INTC Intel Corp 2006 0517 Capital Appreciation 458140100 INTC Intel Corp 2006 0517 Capital Appreciation 458140100 INTC Intel Corp 2006 0517 Capital Appreciation 458140100 INTC Intel Corp 2006 0517 Capital Appreciation 458140100 INTC Intel Corp 2006 0517 Capital Appreciation 458140100 INTC Intel Corp 2006 0517 Capital Appreciation 458140100 INTC Intel Corp 2006 0517 Capital Appreciation 458140100 INTC Intel Corp 2006 0517 Capital Appreciation 458140100 INTC Intel Corp 2006 0517 Capital Appreciation 87612E106 TGT Target Corp 2006 0517 Capital Appreciation 87612E106 TGT Target Corp 2006 0517 Capital Appreciation 87612E106 TGT Target Corp 2006 0517 Capital Appreciation 808513105 SCHW The Charles Schwab Corp 2006 0518 Capital Appreciation 808513105 SCHW The Charles Schwab Corp 2006 0518 Capital Appreciation 808513105 SCHW The Charles Schwab Corp 2006 0518 Capital Appreciation 808513105 SCHW The Charles Schwab Corp 2006 0518 Capital Appreciation 808513105 SCHW The Charles Schwab Corp 2006 0518 Capital Appreciation 808513105 SCHW The Charles Schwab Corp 2006 0518 Capital Appreciation 58405U102 MHS MEDCO Health Solutions Inc 2006 0524 Capital Appreciation 58405U102 MHS MEDCO Health Solutions Inc 2006 0524 Capital Appreciation 92553P201 VIA.B Viacom Inc 2006 0524 Capital Appreciation 92553P201 VIA.B Viacom Inc 2006 0524 Capital Appreciation 228227104 CCI Crown Castle International Corp 2006 0525 Capital Appreciation 228227104 CCI Crown Castle International Corp 2006 0525 Capital Appreciation 228227104 CCI Crown Castle International Corp 2006 0525 Capital Appreciation 228227104 CCI Crown Castle International Corp 2006 0525
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SHAREHOLDER, HOW THE MANAGEMENT VOTED WITH FUND OR ISSUER OR AGAINST CAST ITS ISSUE PROPSOAL MANAGEMENT VOTE VOTED? Elect Director Craig R. Barrett Management With For Yes Elect Director Charlene Barshefsky Management With For Yes Elect Director E. John P. Browne Management With For Yes Elect Director D. James Guzy Management With For Yes Elect Director Reed E. Hundt Management With For Yes Elect Director Paul S. Otellini Management With For Yes Elect Director James D. Plummer Management With For Yes Elect Director David S. Pottruck Management With For Yes Elect Director Jane E. Shaw Management With For Yes Elect Director John L. Thornton Management With For Yes Elect Director David B. Yoffie Management With For Yes Rescind Fair Price Provision Management With For Yes Amend Articles/Bylaws/Repeal Supermajority Vote Management With For Yes Ratify Auditors Management With For Yes Approve Omnibus Stock Plan Management With For Yes Approve Qualified Employee Stock Purchase Plan Management With For Yes Elect Directors Management With For Yes Ratify Auditors Management With For Yes Report Political Contributions/Activities Shareholder Against Against Yes Elect Directors Management With For Yes Declassify the Board of Directors Management With For Yes Report on Impact of Flat Tax Shareholder Against Against Yes Report on Political Contributions Shareholder Against For Yes Require a Majority Vote for the Election of Directors Shareholder Against For Yes Submit Severance Agreement (Change in Control) to shareholder Vote Shareholder Against For Yes Elect Directors Management With For Yes Ratify Auditors Management With For Yes Elect Directors Management With For Yes Ratify Auditors Management With For Yes Elect Director Ari Q. Fitzgerald Management Against Withhold No Elect Director John P. Kelly Management With For Yes Elect Director Robert E. Garrison II Management With For Yes Ratify Auditors Management With For Yes
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HERITAGE NAME CUSIP TICKER ISSUER MEETING DATE Capital Appreciation 29382R107 EVC Entravision Communication 2006 0525 Capital Appreciation 29382R107 EVC Entravision Communication 2006 0525 Capital Appreciation 512815101 LAMR Lamar Advertising Co 2006 0525 Capital Appreciation 512815101 LAMR Lamar Advertising Co 2006 0525 Capital Appreciation 548661107 LOW Lowe's Companies Inc 2006 0525 Capital Appreciation 548661107 LOW Lowe's Companies Inc 2006 0525 Capital Appreciation 548661107 LOW Lowe's Companies Inc 2006 0525 Capital Appreciation 548661107 LOW Lowe's Companies Inc 2006 0525 Capital Appreciation 548661107 LOW Lowe's Companies Inc 2006 0525 Capital Appreciation 548661107 LOW Lowe's Companies Inc 2006 0525 Capital Appreciation 580135101 MCD McDonalds Corp 2006 0525 Capital Appreciation 580135101 MCD McDonalds Corp 2006 0525 Capital Appreciation 580135101 MCD McDonalds Corp 2006 0525 Capital Appreciation 580135101 MCD McDonalds Corp 2006 0525 Capital Appreciation 984332106 YHOO Yahoo! Inc 2006 0525 Capital Appreciation 984332106 YHOO Yahoo! Inc 2006 0525 Capital Appreciation 984332106 YHOO Yahoo! Inc 2006 0525 Capital Appreciation 165167107 CHK Chesapeake Energy Corp 2006 0609 Capital Appreciation 165167107 CHK Chesapeake Energy Corp 2006 0609 Capital Appreciation 165167107 CHK Chesapeake Energy Corp 2006 0609 Growth Equity 026874107 AIG American International Group. 2005 0811 Growth Equity 026874107 AIG American International Group. 2005 0811 Growth Equity 24702R101 DELL Dell Inc. 2005 0715 Growth Equity 24702R101 DELL Dell Inc. 2005 0715 Growth Equity 24702R101 DELL Dell Inc. 2005 0715 Growth Equity 24702R101 DELL Dell Inc. 2005 0715 Growth Equity 29362U104 ENTG Entegris Inc. 2005 0803 Growth Equity 29362U104 ENTG Entegris Inc. 2005 0803 Growth Equity 29362U104 ENTG Entegris Inc. 2005 0803 Growth Equity 29362U104 ENTG Entegris Inc. 2005 0803 Growth Equity 285512109 ERTS Electronic Arts. 2005 0728
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SHAREHOLDER, HOW THE MANAGEMENT VOTED WITH FUND OR ISSUER OR AGAINST CAST ITS ISSUE PROPSOAL MANAGEMENT VOTE VOTED? Elect Directors Management With For Yes Ratify Auditors Management With For Yes Elect Directors Management With For Yes Amend Omnibus Stock Plan Management With Against Yes Elect Directors Management With For Yes Approve Executive Incentive Bonus Plan Management With For Yes Approve Omnibus Stock Plan Management With For Yes Ratify Auditors Management With For Yes Company Specific-Relating to the Board of Directors Management With For Yes Report on Wood Procurement Policy Shareholder Against Against Yes Elect Directors Management With For Yes Ratify Auditors Management With For Yes Submit Severance Agreement (Change in Control) to shareholder Vote Shareholder Against For Yes Identify Food Products Manufactured or Sold that Contain Genetically Engineered Ingredients Shareholder Against Against Yes Elect Directors Management With For Yes Amend Non-Employee Director Omnibus Stock Plan Management With For Yes Ratify Auditors Management With For Yes Elect Directors Management With For Yes Increase Authorized Common Stock Management With For Yes Amend Omnibus Stock Plan Management With For Yes Elect Directors Management With For Yes Ratify Auditors Management With For Yes Elect Directors Management With For Yes Ratify Auditors Management With For Yes Prop: Dir election vote threshold of simple maj. Shareholder Against Against Yes Prop: Expensing costs of future options to execs Shareholder Against Against Yes Appr. issuance of stock in connection w/merger Management With For Yes Reincorporate in Delaware Management With Against Yes Amend By-Laws: authorize classified board Management With Against Yes Adjourn meeting to permit solicitation of proxies Management With For Yes Elect Directors Management With For Yes
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HERITAGE NAME CUSIP TICKER ISSUER MEETING DATE Growth Equity 285512109 ERTS Electronic Arts. 2005 0728 Growth Equity 285512109 ERTS Electronic Arts. 2005 0728 Growth Equity 285512109 ERTS Electronic Arts. 2005 0728 Growth Equity 31428X106 FDX FedEx Corporation. 2005 0926 Growth Equity 31428X106 FDX FedEx Corporation. 2005 0926 Growth Equity 31428X106 FDX FedEx Corporation. 2005 0926 Growth Equity 31428X106 FDX FedEx Corporation. 2005 0926 Growth Equity 31428X106 FDX FedEx Corporation. 2005 0926 Growth Equity 31428X106 FDX FedEx Corporation. 2005 0926 Growth Equity 58155Q103 MCK McKesson Corp. 2005 0727 Growth Equity 58155Q103 MCK McKesson Corp. 2005 0727 Growth Equity 58155Q103 MCK McKesson Corp. 2005 0727 Growth Equity 58155Q103 MCK McKesson Corp. 2005 0727 Growth Equity 58155Q103 MCK McKesson Corp. 2005 0727 Growth Equity 742718109 PG Procter & Gamble. 2005 0712 Growth Equity 742718109 PG Procter & Gamble. 2005 0712 Growth Equity 760975102 RIMM Research in Motion Ltd. 2005 0718 Growth Equity 760975102 RIMM Research in Motion Ltd. 2005 0718 Growth Equity 760975102 RIMM Research in Motion Ltd. 2005 0718 Growth Equity 881624209 TEVA Teva Pharmaceutical ADR. 2005 0727 Growth Equity 881624209 TEVA Teva Pharmaceutical ADR. 2005 0727 Growth Equity 881624209 TEVA Teva Pharmaceutical ADR. 2005 0727 Growth Equity 881624209 TEVA Teva Pharmaceutical ADR. 2005 0727 Growth Equity 881624209 TEVA Teva Pharmaceutical ADR. 2005 0727 Growth Equity 881624209 TEVA Teva Pharmaceutical ADR. 2005 0727 Growth Equity 881624209 TEVA Teva Pharmaceutical ADR. 2005 0727 Growth Equity 881624209 TEVA Teva Pharmaceutical ADR. 2005 0727 Growth Equity 881624209 TEVA Teva Pharmaceutical ADR. 2005 0727 Growth Equity 881624209 TEVA Teva Pharmaceutical ADR. 2005 0727 Growth Equity 881624209 TEVA Teva Pharmaceutical ADR. 2005 0727 Growth Equity 881624209 TEVA Teva Pharmaceutical ADR. 2005 0727
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SHAREHOLDER, HOW THE MANAGEMENT VOTED WITH FUND OR ISSUER OR AGAINST CAST ITS ISSUE PROPSOAL MANAGEMENT VOTE VOTED? Amend Equity Incentive Plan: increase shares Management With For Yes Amend Employee Stock Purchase Plan Management With For Yes Ratify Auditors Management With For Yes Elect Directors Management With For Yes Approve Stock Option & Restricted Stock Plan Management With For Yes Ratify Auditors Management With For Yes Prop: Return to simple majority vote Shareholder Against For Yes Prop: Report political contributions Shareholder Against Against Yes Prop: Dir. Election vote threshold of simple maj. Shareholder Against Against Yes Elect Directors Management With For Yes Approve Stock Plan Management With For Yes Approve Management Incentive Plan Management With For Yes Ratify Independent Certified Public Accountants Management With For Yes Prop: Independent Dir. & Chaiirman of the Board Shareholder Against Against Yes Adopt Merger Agreement Management With For Yes Adjourn meeting to permit solicitation of Proxies Management With For Yes Elect Directors Management With For Yes Reappointment of Auditors Management With For Yes Approve Restricted Stock Plan Management With For Yes Approve Consolidated Financial Statements Management With For Yes Approve final dividend Management With For Yes Election of 1 Director Management With For Yes Reappointment of 1 Director Management With For Yes Reappointment of 1 Director Management With For Yes Reappointment of 1 Director Management With For Yes Reappointment of 1 Director Management With For Yes Approve Directors & Officers Liability Insurance Management With For Yes Approve Omnibus Incentive Plan Management With For Yes Amend Articles of Inc.: Indemnification Management With For Yes Authority to increase authorized share capital Management With For Yes Appointment of Auditors Management With For Yes
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HERITAGE NAME CUSIP TICKER ISSUER MEETING DATE Growth Equity '14149Y108 CAH Cardinal Health Inc 2005 1102 Growth Equity '14149Y108 CAH Cardinal Health Inc 2005 1102 Growth Equity '14149Y108 CAH Cardinal Health Inc 2005 1102 Growth Equity '320771108 FMD First Marblehead Corp 2005 1027 Growth Equity '320771108 FMD First Marblehead Corp 2005 1027 Growth Equity '57772K101 MXIM Maxim Integrated Products Inc 2005 1110 Growth Equity '57772K101 MXIM Maxim Integrated Products Inc 2005 1110 Growth Equity '57772K101 MXIM Maxim Integrated Products Inc 2005 1110 Growth Equity '57772K101 MXIM Maxim Integrated Products Inc 2005 1110 Growth Equity '594918104 MSFT Microsoft Corporation 2005 1109 Growth Equity '594918104 MSFT Microsoft Corporation 2005 1109 Growth Equity '742718109 PG Procter & Gamble 2005 1011 Growth Equity '742718109 PG Procter & Gamble 2005 1011 Growth Equity '742718109 PG Procter & Gamble 2005 1011 Growth Equity '742718109 PG Procter & Gamble 2005 1011 Growth Equity '742718109 PG Procter & Gamble 2005 1011 Growth Equity '742718109 PG Procter & Gamble 2005 1011 Growth Equity '742718109 PG Procter & Gamble 2005 1011 Growth Equity '81941Q203 SNDA Shanda Interactive ADR (Cayman) 2005 1018 Growth Equity '81941Q203 SNDA Shanda Interactive ADR (Cayman) 2005 1018 Growth Equity '881624209 TEVA Teva Pharmaceutical ADR (Israel) 2005 1027 Growth Equity '91913Y100 VLO Valero Energy Corporation 2005 1201
9
SHAREHOLDER, HOW THE MANAGEMENT VOTED WITH FUND OR ISSUER OR AGAINST CAST ITS ISSUE PROPSOAL MANAGEMENT VOTE VOTED? Elect Directors Management With For Yes Approve Long Term Incentive Plan Management With For Yes Amend Code of Regulations Management With For Yes Approve Long Term Incentive Plan Management With For Yes Elect Directors Management With For Yes Amend Employee Stock Purchase Plan increase shares Management With For Yes Amend Stock Option and Incentive Plan Management With For Yes Ratify independent Certified Public Accountants Management With For Yes Elect Directors Management With For Yes Elect Directors Management With For Yes Ratify independent Certified Public Accountants Management With For Yes Eliminate animal testing whenever possible Shareholder Against Against Yes Ratify Auditors Management With For Yes Amend Code of Regulations Provide annual election of Directors Management With For Yes Elect Directors Management With For Yes Report political contributions Shareholder Against Against Yes Retain Investment Banking firm to explore options Shareholder Against Against Yes Discharge Board of Directors and Executive Committee Management With For Yes Elect Directors Management With For Yes Approve Equity Compensation Plan Management With For Yes Approve Issuance of stock in connection with Merger Management With For Yes Amend Cert of Inc Increase Authorized Shares Management With For Yes
9 (continued) -------------------------------------------------------------------------------- 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. Heritage Capital Appreciation Trust By: /s/ K.C. Clark ---------------------------- K.C. Clark Executive Vice President Principal Executive Officer Date: August 24, 2006