N-PX 1 d760439dnpx.htm BLACKROCK LATIN AMERICA FUND, INC. BlackRock Latin America Fund, Inc.

 

 

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: 811-06349

Name of Fund: BlackRock Latin America Fund, Inc.

Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809

Name and address of agent for service: John Perlowski, Chief Executive Officer, BlackRock Latin America Fund, Inc., 55 East 52nd Street, New York City, NY 10055.

Registrant’s telephone number, including area code: (800) 441-7762

Date of fiscal year end: 10/31

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

 

 

 


Item 1 – Proxy Voting Record – Attached hereto.



******************************* FORM N-Px REPORT *******************************

ICA File Number: 811-06349
Reporting Period: 07/01/2018 - 06/30/2019
BlackRock Latin America Fund, Inc.









====================== BlackRock Latin America Fund, Inc. ======================


AMBEV SA

Ticker:       ABEV3          Security ID:  02319V103
Meeting Date: APR 26, 2019   Meeting Type: Annual/Special
Record Date:  MAR 27, 2019

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Accept Financial Statements and         For       Abstain      Management
      Statutory Reports for Fiscal Year
      Ended Dec. 31, 2018
2     Approve Allocation of Income and        For       For          Management
      Dividends
3.a   Elect Fiscal Council Members            For       Abstain      Management
3.b   Elect Aldo Luiz Mendes as Fiscal        None      For          Shareholder
      Council Member and Vinicius Balbino
      Bouhid as Alternate Appointed by
      Minority Shareholder
4.1   Approve Remuneration of Company's       For       For          Management
      Management
4.2   Approve Remuneration of Fiscal Council  For       For          Management
      Members
1.a   Amend Article 5 to Reflect Changes in   For       For          Management
      Capital
1.b   Amend Article 16 Re: Decrease in Board  For       For          Management
      Size
1.c   Consolidate Bylaws                      For       For          Management


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AMERICA MOVIL SAB DE CV

Ticker:       AMXL           Security ID:  02364W105
Meeting Date: APR 09, 2019   Meeting Type: Special
Record Date:  APR 01, 2019

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect or Ratify Directors for Series L  For       For          Management
      Shareholders
2     Authorize Board to Ratify and Execute   For       For          Management
      Approved Resolutions


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ANTOFAGASTA PLC

Ticker:       ANTO           Security ID:  G0398N128
Meeting Date: MAY 22, 2019   Meeting Type: Annual
Record Date:  MAY 20, 2019

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Accept Financial Statements and         For       For          Management
      Statutory Reports
2     Approve Remuneration Report             For       For          Management
3     Approve Final Dividend                  For       For          Management
4     Re-elect Jean-Paul Luksic as Director   For       For          Management
5     Re-elect Ollie Oliveira as Director     For       For          Management
6     Re-elect Gonzalo Menendez as Director   For       For          Management
7     Re-elect Ramon Jara as Director         For       For          Management
8     Re-elect Juan Claro as Director         For       For          Management
9     Re-elect Tim Baker as Director          For       For          Management
10    Re-elect Andronico Luksic as Director   For       For          Management
11    Re-elect Vivianne Blanlot as Director   For       For          Management
12    Re-elect Jorge Bande as Director        For       For          Management
13    Re-elect Francisca Castro as Director   For       For          Management
14    Elect Michael Anglin as Director        For       For          Management
15    Reappoint PricewaterhouseCoopers LLP    For       For          Management
      as Auditors
16    Authorise the Audit and Risk Committee  For       For          Management
      to Fix Remuneration of Auditors
17    Authorise Issue of Equity               For       For          Management
18    Authorise Issue of Equity without       For       For          Management
      Pre-emptive Rights
19    Authorise Issue of Equity without       For       For          Management
      Pre-emptive Rights in Connection with
      an Acquisition or Other Capital
      Investment
20    Authorise Market Purchase of Ordinary   For       For          Management
      Shares
21    Authorise the Company to Call General   For       For          Management
      Meeting with Two Weeks' Notice


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ARCA CONTINENTAL SAB DE CV

Ticker:       AC             Security ID:  P0448R103
Meeting Date: APR 04, 2019   Meeting Type: Annual
Record Date:  MAR 22, 2019

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Approve CEO's Report on Operations and  For       Abstain      Management
      Results of Company Accompanied by
      Auditor's Report and Board's Opinion
1.2   Approve Report on Operations and        For       Abstain      Management
      Activities Undertaken by Board and
      Accounting Policies and Criteria and
      Information Followed in Preparation of
      Financial Information
1.3   Approve Report of Audit and Corporate   For       Abstain      Management
      Practices Committee; Receive Report on
      Adherence to Fiscal Obligations
2     Approve Allocation of Income and Cash   For       For          Management
      Dividends of MXN 2.30 Per Share
3     Set Maximum Amount of Share Repurchase  For       For          Management
      Reserve
4     Elect Directors, Verify their           For       For          Management
      Independence Classification, Approve
      their Remuneration and Elect
      Secretaries
5     Approve Remuneration of Board           For       For          Management
      Committee Members; Elect Chairman of
      Audit and Corporate Practices Committee
6     Appoint Legal Representatives           For       For          Management
7     Approve Minutes of Meeting              For       For          Management


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AZUL SA

Ticker:       AZUL4          Security ID:  05501U106
Meeting Date: APR 26, 2019   Meeting Type: Annual
Record Date:  MAR 18, 2019

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
5     Approve Remuneration of Company's       For       For          Management
      Management


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B2W COMPANHIA DIGITAL

Ticker:       BTOW3          Security ID:  P19055113
Meeting Date: APR 30, 2019   Meeting Type: Annual
Record Date:

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Accept Financial Statements and         For       Abstain      Management
      Statutory Reports for Fiscal Year
      Ended Dec. 31, 2018
2     Fix Number of Directors at Seven        For       For          Management
3     Elect Directors                         For       For          Management
4     In Case There is Any Change to the      None      Against      Management
      Board Slate Composition, May Your
      Votes Still be Counted for the
      Proposed Slate?
5     In Case Cumulative Voting Is Adopted,   None      Abstain      Management
      Do You Wish to Equally Distribute Your
      Votes Among the Nominees?
6.1   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Celso Alves Ferreira Louro as
      Director
6.2   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Jorge Felipe Lemann as Director
6.3   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Miguel Gomes Pereira Sarmiento
      Gutierrez as Director
6.4   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Anna Christina Ramos Saicali as
      Director
6.5   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Luiz Carlos Di Sessa Filippetti
      as Director
6.6   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Mauro Muratorio Not as Director
6.7   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Paulo Antunes Veras as Director
7     Approve Remuneration of Company's       For       For          Management
      Management
8     Do You Wish to Request Installation of  None      For          Management
      a Fiscal Council, Under the Terms of
      Article 161 of the Brazilian Corporate
      Law?
9     Do You Wish to Adopt Cumulative Voting  None      Abstain      Management
      for the Election of the Members of the
      Board of Directors, Under the Terms of
      Article 141 of the Brazilian Corporate
      Law?


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B2W COMPANHIA DIGITAL

Ticker:       BTOW3          Security ID:  P19055113
Meeting Date: APR 30, 2019   Meeting Type: Special
Record Date:

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Amend Articles Re: Corporate Governance For       For          Management
2     Amend Article 3 Re: Corporate Purpose   For       For          Management
3     Amend Article 5 to Reflect Changes in   For       For          Management
      Capital
4     Consolidate Bylaws                      For       For          Management


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B3 SA-BRASIL, BOLSA, BALCAO

Ticker:       B3SA3          Security ID:  ADPV40583
Meeting Date: APR 29, 2019   Meeting Type: Special
Record Date:

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Amend Articles to Reflect Changes in    For       For          Management
      Capital
2     Amend Articles Re: Board of Directors   For       For          Management
3     Amend Articles                          For       For          Management
4     Amend Article 76                        For       Against      Management
5     Amend Article 79                        For       For          Management
6     Amend Articles Re: Terminology and      For       For          Management
      Renumbering of Articles
7     Consolidate Bylaws                      For       For          Management
8     Amend Restricted Stock Plan             For       Against      Management


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B3 SA-BRASIL, BOLSA, BALCAO

Ticker:       B3SA3          Security ID:  ADPV40583
Meeting Date: APR 29, 2019   Meeting Type: Annual
Record Date:

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Accept Financial Statements and         For       Abstain      Management
      Statutory Reports for Fiscal Year
      Ended Dec. 31, 2018
2     Approve Allocation of Income and        For       For          Management
      Dividends
3     Fix Number of Directors at 11           For       For          Management
4     Do You Wish to Adopt Cumulative Voting  None      Abstain      Management
      for the Election of the Members of the
      Board of Directors, Under the Terms of
      Article 141 of the Brazilian Corporate
      Law?
5     Elect Directors                         For       For          Management
6     In Case There is Any Change to the      None      Against      Management
      Board Slate Composition, May Your
      Votes Still be Counted for the
      Proposed Slate?
7     In Case Cumulative Voting Is Adopted,   None      For          Management
      Do You Wish to Equally Distribute Your
      Votes Among the Nominees?
8.1   Percentage of Votes to Be Assigned -    None      For          Management
      Elect Ana Carla Abrao Costa as Director
8.2   Percentage of Votes to Be Assigned -    None      For          Management
      Elect Antonio Carlos Quintella as
      Director
8.3   Percentage of Votes to Be Assigned -    None      For          Management
      Elect Cassiano Ricardo Scarpelli as
      Director
8.4   Percentage of Votes to Be Assigned -    None      For          Management
      Elect Claudia Farkouh Prado as Director
8.5   Percentage of Votes to Be Assigned -    None      For          Management
      Elect Edgar da Silva Ramos as Director
8.6   Percentage of Votes to Be Assigned -    None      For          Management
      Elect Eduardo Mazzilli de Vassimon as
      Director
8.7   Percentage of Votes to Be Assigned -    None      For          Management
      Elect Florian Bartunek as Director
8.8   Percentage of Votes to Be Assigned -    None      For          Management
      Elect Guilherme Affonso Ferreira as
      Director
8.9   Percentage of Votes to Be Assigned -    None      For          Management
      Elect Jose de Menezes Berenguer Neto
      as Director
8.10  Percentage of Votes to Be Assigned -    None      For          Management
      Elect Jose Lucas Ferreira de Melo as
      Director
8.11  Percentage of Votes to Be Assigned -    None      For          Management
      Elect Jose Roberto Machado Filho as
      Director
9     Ratify Remuneration of Company's        For       For          Management
      Management for 2018
10    Approve Remuneration of Directors       For       For          Management
11    Approve Remuneration of Company's       For       For          Management
      Management
12    Do You Wish to Request Installation of  None      For          Management
      a Fiscal Council, Under the Terms of
      Article 161 of the Brazilian Corporate
      Law?
13    Elect Fiscal Council Members            For       For          Management
14    In Case One of the Nominees Leaves the  None      Against      Management
      Fiscal Council Slate Due to a Separate
      Minority Election, as Allowed Under
      Articles 161 and 240 of the Brazilian
      Corporate Law, May Your Votes Still Be
      Counted for the Proposed Slate?
15    Approve Remuneration of Fiscal Council  For       For          Management
      Members


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B3 SA-BRASIL, BOLSA, BALCAO

Ticker:       B3SA3          Security ID:  ADPV40583
Meeting Date: MAY 23, 2019   Meeting Type: Special
Record Date:

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Amend Articles to Reflect Changes in    For       Did Not Vote Management
      Capital
2     Amend Articles Re: Board of Directors   For       Did Not Vote Management
3     Amend Articles                          For       Did Not Vote Management
4     Amend Article 76                        For       Did Not Vote Management
5     Amend Article 79                        For       Did Not Vote Management
6     Amend Articles Re: Terminology and      For       Did Not Vote Management
      Renumbering of Articles
7     Consolidate Bylaws                      For       Did Not Vote Management


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BANCO BRADESCO SA

Ticker:       BBDC4          Security ID:  059460303
Meeting Date: MAR 11, 2019   Meeting Type: Annual
Record Date:  FEB 11, 2019

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
3.1   Elect Luiz Carlos de Freitas as Fiscal  None      Abstain      Shareholder
      Council Member and Joao Batistela
      Biazon as Alternate Appointed by
      Preferred Shareholder
3.2   Elect Walter Luis Bernardes Albertoni   None      For          Shareholder
      as Fiscal Council Member and Reginaldo
      Ferreira Alexandre as Alternate
      Appointed by Preferred Shareholder


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BANCO DO BRASIL SA

Ticker:       BBAS3          Security ID:  P11427112
Meeting Date: APR 26, 2019   Meeting Type: Special
Record Date:

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Amend Articles                          For       For          Management


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BANCO DO BRASIL SA

Ticker:       BBAS3          Security ID:  P11427112
Meeting Date: APR 26, 2019   Meeting Type: Annual
Record Date:

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Accept Financial Statements and         For       Abstain      Management
      Statutory Reports for Fiscal Year
      Ended Dec. 31, 2018
2     Approve Allocation of Income and        For       For          Management
      Dividends
3.1   Elect Luiz Fernando Figueiredo as       For       For          Management
      Director
3.2   Elect Guilherme Horn as Director        For       For          Management
3.3   Elect Waldery Rodrigues Junior as       For       For          Management
      Director
3.4   Elect Marcelo Serfaty as Director       For       For          Management
3.5   Elect Rubem de Freitas Novaes as        For       For          Management
      Director
3.6   Elect Debora Cristina Fonseca as        For       For          Management
      Director Appointed by the Employees
3.7   Elect Paulo Roberto Evangelista de      None      For          Shareholder
      Lima as Director Appointed by Minority
      Shareholder
4     In Case Cumulative Voting Is Adopted,   None      Abstain      Management
      Do You Wish to Equally Distribute Your
      Votes Among the Nominees?
5.1   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Luiz Fernando Figueiredo as
      Director
5.2   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Guilherme Horn as Director
5.3   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Waldery Rodrigues Junior as
      Director
5.4   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Marcelo Serfaty as Director
5.5   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Rubem de Freitas Novaes as
      Director
5.6   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Debora Cristina Fonseca as
      Director Appointed by the Employees
5.7   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Paulo Roberto Evangelista de
      Lima as Director Appointed by Minority
      Shareholder
6     Do You Wish to Adopt Cumulative Voting  None      Abstain      Management
      for the Election of the Members of the
      Board of Directors, Under the Terms of
      Article 141 of the Brazilian Corporate
      Law?
7     As an Ordinary Shareholder, Would You   None      Abstain      Management
      like to Request a Separate Minority
      Election of a Member of the Board of
      Directors, Under the Terms of Article
      141 of the Brazilian Corporate Law?
8.1   Elect Rafael Cavalcanti de Araujo as    For       For          Management
      Fiscal Council Member and Marcia
      Fernanda de Oliveira Tapajos as
      Alternate
8.2   Elect Phelippe Toledo Pires de          For       For          Management
      Oliveira as Fiscal Council Member and
      Ieda Aparecida de Moura Araujo as
      Alternate
8.3   Elect Aldo Cesar Martins Braido as      For       For          Management
      Fiscal Council Member and Respective
      Alternate
8.4   Elect Aloisio Macario Ferreira de       None      For          Shareholder
      Souza as Fiscal Council Member and
      Robert Juenemann as Alternate
      Appointed by Minority Shareholder
9     Approve Remuneration of Fiscal Council  For       For          Management
      Members
10    Approve Remuneration of Company's       For       For          Management
      Management
11    Approve Remuneration of Audit           For       Against      Management
      Committee Members


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BANCO MACRO SA

Ticker:       BMA            Security ID:  05961W105
Meeting Date: APR 30, 2019   Meeting Type: Annual/Special
Record Date:  MAR 21, 2019

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Designate Two Shareholders to Sign      For       For          Management
      Minutes of Meeting
2     Consider Financial Statements and       For       Abstain      Management
      Statutory Reports
3     Consider Discharge of Directors and     For       For          Management
      Internal Statutory Auditors Committee
      (Comision Fiscalizadora)
4     Consider Allocation of Non-Assigned     For       For          Management
      Results in the Amount of ARS 19.2
      Billion
5     Consider Cash Dividends Charged to      For       For          Management
      Special Reserve Account in the Amount
      of ARS 6.39 Billion
6     Consider Remuneration of Directors      For       For          Management
7     Consider Remuneration of Internal       For       For          Management
      Statutory Auditors Committee (Comision
      Fiscalizadora)
8     Consider Remuneration of Auditors       For       For          Management
9a.1  Elect Jorge Pablo Brito as Director     For       For          Management
      for a Three-Year Term
9a.2  Elect Carlos Alberto Giovanelli as      For       For          Management
      Director for a Three-Year Term
9a.3  Elect Nelson Damian Pozzoli as          For       For          Management
      Director for a Three-Year Term
9a.4  Elect Jose Alfredo Sanchez as Director  For       For          Management
      for a Three-Year Term
9a.5  Elect Director for a Three-Year Term    For       For          Management
9b.1  Elect Fabian Alejandro de Paul as       For       For          Management
      Director
9c.1  Elect Santiago Horacio Seeber as        For       For          Management
      Alternate Director for a Three-Year
      Term
9c.2  Elect Fabian Alejandro de Paul as       For       For          Management
      Alternate Director for a Three-Year
      Term
9c.3  Elect Alternate Director for a          For       For          Management
      Three-Year Term
9d.1  Elect Alan Whamond as Alternate         For       For          Management
      Director for a Three-Year Term
10    Fix Number of and Elect Members and     For       For          Management
      their Alternates of Internal Statutory
      Auditors for a One-Year Term
11    Appoint Auditors                        For       For          Management
12    Approve Budget of Audit Committee       For       For          Management
13    Consider Preliminary Agreement Dated    For       For          Management
      March 8, 2019 to Absorb Banco del
      Tucuman SA
14    Approve Share Exchange Ratio Between    For       For          Management
      Banco Macro SA and Banco del Tucuman SA
15    Approve Issuance of 15,662 Class B      For       For          Management
      Shares in Connection with Absorption
16    Approve Granting of Powers to Sign      For       For          Management
      Definitive Agreement of Absorption
17    Approve Reduction in Share Capital via  For       For          Management
      Cancellation of 30.27 Million Class B
      Shares
18    Amend Articles                          For       For          Management
19    Consolidate Bylaws                      For       For          Management
20    Authorize Filing of Required            For       For          Management
      Documents/Other Formalities


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BB SEGURIDADE PARTICIPACOES SA

Ticker:       BBSE3          Security ID:  P1R1WJ103
Meeting Date: APR 24, 2019   Meeting Type: Special
Record Date:

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Amend Articles                          For       For          Management
2     Approve Increase in Requirements and    For       For          Management
      Restrictions for the Appointment of
      Management Members


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BB SEGURIDADE PARTICIPACOES SA

Ticker:       BBSE3          Security ID:  P1R1WJ103
Meeting Date: APR 24, 2019   Meeting Type: Annual
Record Date:

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Accept Financial Statements and         For       Abstain      Management
      Statutory Reports for Fiscal Year
      Ended Dec. 31, 2018
2     Approve Allocation of Income            For       For          Management
3     Do You Wish to Adopt Cumulative Voting  None      Abstain      Management
      for the Election of the Members of the
      Board of Directors, Under the Terms of
      Article 141 of the Brazilian Corporate
      Law?
4     As an Ordinary Shareholder, Would You   None      For          Management
      like to Request a Separate Minority
      Election of a Member of the Board of
      Directors, Under the Terms of Article
      141 of the Brazilian Corporate Law?
5.1   Elect Director                          For       Against      Management
5.2   Elect Director                          For       Against      Management
5.3   Elect Director                          For       Against      Management
5.4   Elect Director                          For       Against      Management
5.5   Elect Director                          For       Against      Management
5.6   Elect Director                          For       Against      Management
5.7   Elect Isabel da Silva Ramos as          None      For          Shareholder
      Director Appointed by Minority
      Shareholder
6     In Case Cumulative Voting Is Adopted,   None      Abstain      Management
      Do You Wish to Equally Distribute Your
      Votes Among the Nominees?
7.1   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Director
7.2   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Director
7.3   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Director
7.4   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Director
7.5   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Director
7.6   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Director
7.7   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Isabel da Silva Ramos as
      Director Appointed by Minority
      Shareholder
8     Approve Remuneration of Fiscal Council  For       For          Management
      Members
9     Approve Remuneration of Company's       For       For          Management
      Management
10    Approve Remuneration of Audit           For       For          Management
      Committee Members


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BLACKROCK LIQUIDITY FUNDS

Ticker:                      Security ID:  09248U718
Meeting Date: NOV 21, 2018   Meeting Type: Special
Record Date:  SEP 24, 2018

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1a.1  Elect Director Bruce R. Bond            For       For          Management
1a.2  Elect Director Susan J. Carter          For       For          Management
1a.3  Elect Director Collette Chilton         For       For          Management
1a.4  Elect Director Neil A. Cotty            For       For          Management
1a.5  Elect Director Robert Fairbairn         For       For          Management
1a.6  Elect Director Lena G. Goldberg         For       For          Management
1a.7  Elect Director Robert M. Hernandez      For       For          Management
1a.8  Elect Director Henry R. Keizer          For       For          Management
1a.9  Elect Director Cynthia A. Montgomery    For       For          Management
1a.10 Elect Director Donald C. Opatrny        For       For          Management
1a.11 Elect Director John M. Perlowski        For       For          Management
1a.12 Elect Director Joseph P. Platt          For       For          Management
1a.13 Elect Director Mark Stalnecker          For       For          Management
1a.14 Elect Director Kenneth L. Urish         For       For          Management
1a.15 Elect Director Claire A. Walton         For       For          Management


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BRF SA

Ticker:       BRFS3          Security ID:  10552T107
Meeting Date: APR 29, 2019   Meeting Type: Annual/Special
Record Date:  APR 01, 2019

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Accept Financial Statements and         For       Abstain      Management
      Statutory Reports for Fiscal Year
      Ended Dec. 31, 2018
2     Approve Remuneration of Company's       For       For          Management
      Management
3     Approve 2019 Global Compensation Cap    For       Against      Management
      in the Amount of BRL 118.3 Million
4a    Elect Attilio Guaspari as Fiscal        For       For          Management
      Council Member and Susana Hanna
      Stiphan Jabra as Alternate
4b    Elect Maria Paula Soares Aranha as      For       For          Management
      Fiscal Council Member and Monica
      Hojaij Carvalho Molina as Alternate
4c    Elect Andre Vicentini as Fiscal         For       For          Management
      Council Member and Valdecyr Maciel
      Gomes as Allternate
5     Approve Remuneration of Fiscal Council  For       For          Management
      Members
1     Amend Share Matching Plan               For       Against      Management


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CEMEX SAB DE CV

Ticker:       CEMEXCPO       Security ID:  151290889
Meeting Date: MAR 28, 2019   Meeting Type: Annual/Special
Record Date:  FEB 15, 2019

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Approve Financial Statements and        For       Abstain      Management
      Statutory Reports
2     Approve Allocation of Income and Cash   For       For          Management
      Dividends
3     Set Maximum Amount of Share Repurchase  For       For          Management
      Reserve; Present Share Repurchase
      Report
4     Approve Reduction in Share Capital via  For       For          Management
      Cancellation of Treasury Shares;
      Approve Reduction in Variable Portion
      of Capital via Cancellation of
      Repurchased Shares; Authorize Increase
      in Variable Portion of Capital via
      Issuance of Treasury Shares
5     Elect Directors, Chairman and           For       For          Management
      Secretary of Board, Members and
      Chairmen of Audit, Corporate Practices
      and Finance Committees
6     Approve Remuneration of Directors and   For       For          Management
      Members of Audit, Corporate Practices
      and Finance Committees
7     Authorize Board to Ratify and Execute   For       For          Management
      Approved Resolutions
1     Approve Company's Reorganization Re:    For       For          Management
      Absorption of Subsidiaries
2     Amend Article 2 Re: Corporate Purpose;  For       Against      Management
      Amend Article 28; Approve
      Certification of Company's Bylaws
3     Authorize Board to Ratify and Execute   For       For          Management
      Approved Resolutions


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CIA DE SANEAMENTO DO PARANA

Ticker:       SAPR4          Security ID:  P3R668101
Meeting Date: SEP 12, 2018   Meeting Type: Special
Record Date:

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Dismiss George Hermann Rodolfo Tormin   For       For          Management
      as Director
2     Elect Jose Roberto Ruiz as Director     For       For          Management
3     In Case Cumulative Voting Is Adopted,   None      Abstain      Management
      Do You Wish to Equally Distribute Your
      Votes for Each Supported Nominee?
4     Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Jose Roberto Ruiz as Director
5     Dismiss Ivens Moretti Pacheco as        For       For          Management
      Fiscal Council Member
6     Elect Caio Marcio Nogueira Soares as    For       For          Management
      Fiscal Council Member
7     Dismiss Mauro Ricardo Machado Costa as  For       For          Management
      Evaluation and Nominating Committee
      Member
8     Elect Alexandre Teixeira as Evaluation  For       For          Management
      and Nominating Committee Member
9     Amend Articles and Consolidate Bylaws   For       For          Management
10    Amend Remuneration of Company's         For       For          Management
      Management


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

COMPANHIA BRASILEIRA DE DISTRIBUICAO

Ticker:       PCAR4          Security ID:  P3055E464
Meeting Date: APR 25, 2019   Meeting Type: Annual
Record Date:

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Do You Wish to Request Installation of  None      For          Management
      a Fiscal Council, Under the Terms of
      Article 161 of the Brazilian Corporate
      Law?
2     In the Event of a Second Call, the      None      For          Management
      Voting Instructions Contained in this
      Remote Voting Card May Also be
      Considered for the Second Call?


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

COMPANHIA ENERGETICA DE MINAS GERAIS SA

Ticker:       CMIG4          Security ID:  P2577R110
Meeting Date: MAR 25, 2019   Meeting Type: Special
Record Date:

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Jose Pais Rangel as Director      None      For          Shareholder
      Appointed by Preferred Shareholder
2     In Case Neither Class of Shares         None      For          Management
      Reaches the Minimum Quorum Required by
      the Brazilian Corporate Law to Elect a
      Board Representative in Separate
      Elections, Would You Like to Use Your
      Votes to Elect the Candidate with More
      Votes to Represent Both Classes?


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

CORPORACION INMOBILIARIA VESTA SAB DE CV

Ticker:       VESTA          Security ID:  P9781N108
Meeting Date: MAR 13, 2019   Meeting Type: Annual
Record Date:  MAR 05, 2019

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Approve CEO's Report                    For       Abstain      Management
2     Approve Board's Report                  For       Abstain      Management
3     Approve Audited and Consolidated        For       Abstain      Management
      Financial Statements
4     Approve Cash Dividends, Considering     For       For          Management
      Current Dividend Policy and Board's
      Recommendation
5     Receive Report on Adherence to Fiscal   For       For          Management
      Obligations
6     Approve Report on Share Repurchase      For       For          Management
7     Authorize Share Repurchase Reserve      For       For          Management
8     Approve Report of Audit, Corporate      For       For          Management
      Practices, Investment, Ethics, Debt
      and Capital, and Social and
      Environmental Responsibility Committees
9     Elect or Ratify Directors; Elect        For       For          Management
      Chairmen of Audit and Corporate
      Practices Committees, and Approve
      their Remuneration
10    Appoint Legal Representatives           For       For          Management


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

ENERGISA SA

Ticker:       ENGI4          Security ID:  P3769S114
Meeting Date: APR 30, 2019   Meeting Type: Special
Record Date:

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Approve Remuneration of Company's       For       For          Management
      Management
2     Amend Articles                          For       For          Management
3     Consolidate Bylaws                      For       For          Management


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

ENERGISA SA

Ticker:       ENGI4          Security ID:  P3769S114
Meeting Date: APR 30, 2019   Meeting Type: Annual
Record Date:

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Accept Financial Statements and         For       Abstain      Management
      Statutory Reports for Fiscal Year
      Ended Dec. 31, 2018
2     Approve Allocation of Income            For       For          Management
3     Ratify Election of Luciana de Oliveira  None      For          Shareholder
      Cezar Coelho as Alternate Director
      Appointed by Preferred Shareholder
4     Do You Wish to Request Installation of  None      For          Management
      a Fiscal Council, Under the Terms of
      Article 161 of the Brazilian Corporate
      Law?
5     In Case the Fiscal Council              None      For          Management
      Installation is Approved, Would you
      Like to Appoint a Nominee?
6     In Case the Fiscal Council              None      For          Management
      Installation is Approved, Would you
      Like to Appoint a Nominee?


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

ENEVA SA

Ticker:       ENEV3          Security ID:  P3719N116
Meeting Date: JUL 12, 2018   Meeting Type: Special
Record Date:

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Re-Ratify Long-Term Incentive Plan      For       Against      Management
2     Amend Articles and Consolidate Bylaws   For       For          Management


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

ENEVA SA

Ticker:       ENEV3          Security ID:  P3719N116
Meeting Date: OCT 25, 2018   Meeting Type: Special
Record Date:

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Amend Article 3 Re: Corporate Purpose   For       For          Management
2     Amend Article 10                        For       For          Management
3     Amend Article 14                        For       For          Management
4     Amend Article 14 Paragraph 2            For       For          Management
5     Amend Article 19                        For       For          Management
6     Amend Article 20                        For       For          Management
7     Amend Articles Re: CVM and Novo Mercado For       For          Management
8     Amend Articles                          For       For          Management


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

ENEVA SA

Ticker:       ENEV3          Security ID:  P3719N116
Meeting Date: NOV 30, 2018   Meeting Type: Special
Record Date:

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Approve Agreement to Absorb Parnaiba    For       For          Management
      Gas Natural (PGN)
2     Ratify Independent Firm to Appraise     For       For          Management
      Proposed Transaction
3     Approve Independent Firm's Appraisal    For       For          Management
4     Approve Absorption Parnaiba Gas         For       For          Management
      Natural (PGN)
5     Authorize Board to Ratify and Execute   For       For          Management
      Approved Resolutions


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

ENEVA SA

Ticker:       ENEV3          Security ID:  P3719N116
Meeting Date: APR 29, 2019   Meeting Type: Annual
Record Date:

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Accept Financial Statements and         For       Abstain      Management
      Statutory Reports for Fiscal Year
      Ended Dec. 31, 2018
2     Approve Allocation of Income            For       For          Management
3     Fix Number of Directors at Seven        For       For          Management
4     Do You Wish to Adopt Cumulative Voting  None      Abstain      Management
      for the Election of the Members of the
      Board of Directors, Under the Terms of
      Article 141 of the Brazilian Corporate
      Law?
5     Elect Directors                         For       For          Management
6     In Case There is Any Change to the      None      Against      Management
      Board Slate Composition, May Your
      Votes Still be Counted for the
      Proposed Slate?
7     In Case Cumulative Voting Is Adopted,   None      Abstain      Management
      Do You Wish to Equally Distribute Your
      Votes Among the Nominees?
8.1   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Jerson Kelman as Director
8.2   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Jose Aurelio Drummond Jr. as
      Director
8.3   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Marcelo Pereira Lopes de
      Medeiros as Director
8.4   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Guilherme Bottura as Director
8.5   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Renato Antonio Secondo Mazzola
      as Director
8.6   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Felipe Gottlieb as Director
8.7   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Lavinia Hollanda as Director
9     Approve Remuneration of Company's       For       For          Management
      Management
10    Do You Wish to Request Installation of  None      For          Management
      a Fiscal Council, Under the Terms of
      Article 161 of the Brazilian Corporate
      Law?
11    In the Event of a Second Call, the      None      For          Management
      Voting Instructions Contained in this
      Remote Voting Card May Also be
      Considered for the Second Call?


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

ENEVA SA

Ticker:       ENEV3          Security ID:  P3719N116
Meeting Date: APR 29, 2019   Meeting Type: Special
Record Date:

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Approve Long-Term Incentive Plan        For       For          Management


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

FIBRA UNO ADMINISTRACION SA DE CV

Ticker:       FUNO11         Security ID:  P3515D163
Meeting Date: APR 29, 2019   Meeting Type: Annual
Record Date:  APR 17, 2019

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.i   Accept Reports of Audit, Corporate      For       For          Management
      Practices, Nominating and Remuneration
      Committees
1.ii  Accept Technical Committee Report on    For       For          Management
      Compliance in Accordance to Article
      172 of General Mercantile Companies Law
1.iii Accept Report of Trust Managers in      For       For          Management
      Accordance to Article 44-XI of
      Securities Market Law, Including
      Technical Committee's Opinion on that
      Report
1.iv  Accept Technical Committee Report on    For       For          Management
      Operations and Activities Undertaken
2     Approve Financial Statements and        For       For          Management
      Allocation of Income
3     Elect or Ratify Members of Technical    For       For          Management
      Committee and Secretary Who will not
      be Part of Technical Committee; Verify
      Independence Classification
4     Approve Remuneration of Technical       For       For          Management
      Committee Members
5     Appoint Legal Representatives           For       For          Management
6     Approve Minutes of Meeting              For       For          Management


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

FLEURY SA

Ticker:       FLRY3          Security ID:  P418BW104
Meeting Date: APR 29, 2019   Meeting Type: Annual
Record Date:

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Accept Financial Statements and         For       Abstain      Management
      Statutory Reports for Fiscal Year
      Ended Dec. 31, 2018
2     Ratify Interim Dividends and Interest   For       For          Management
      on Capital Stock
3     Approve Allocation of Income            For       For          Management
4     Fix Number of Directors                 For       For          Management
5     Approve Characterization of Fernando    For       For          Management
      de Barros Barreto as Independent
      Director
6     Approve Characterization of Cristina    For       For          Management
      Anne Betts as Independent Director
7     Approve Characterization of Andre       For       For          Management
      Marcelo da Silva Prado as Independent
      Director
8     Elect Directors                         For       For          Management
9     In Case There is Any Change to the      None      Against      Management
      Board Slate Composition, May Your
      Votes Still be Counted for the
      Proposed Slate?
10    In Case Cumulative Voting Is Adopted,   None      Abstain      Management
      Do You Wish to Equally Distribute Your
      Votes Among the Nominees?
11.1  Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Marcio Pinheiro Mendes as
      Director
11.2  Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Fernando Lopes Alberto as
      Director
11.3  Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Rui M. de Barros Maciel as
      Director
11.4  Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Andrea da Motta Chamma as
      Director
11.5  Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Luiz Carlos Trabuco Cappi as
      Director and Ivan Luiz Gontijo Junior
      as Alternate
11.6  Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Samuel Monteiro dos Santos
      Junior as Director and Octavio de
      Lazari Junior as Alternate
11.7  Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Vinicius Jose de Almeida
      Albernaz as Director and Manoel
      Antonio Peres as Alternate
11.8  Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Fernando de Barros Barreto as
      Director
11.9  Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Andre Marcelo da Silva Prado as
      Director
11.10 Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Cristina Anne Betts as Director
12    As an Ordinary Shareholder, Would You   None      Abstain      Management
      like to Request a Separate Minority
      Election of a Member of the Board of
      Directors, Under the Terms of Article
      141 of the Brazilian Corporate Law?
13    Do You Wish to Adopt Cumulative Voting  None      Abstain      Management
      for the Election of the Members of the
      Board of Directors, Under the Terms of
      Article 141 of the Brazilian Corporate
      Law?
14    Approve Remuneration of Company's       For       For          Management
      Management
15    Do You Wish to Request Installation of  None      For          Management
      a Fiscal Council, Under the Terms of
      Article 161 of the Brazilian Corporate
      Law?
16    In the Event of a Second Call, the      None      For          Management
      Voting Instructions Contained in this
      Remote Voting Card May Also be
      Considered for the Second Call?


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

FOMENTO ECONOMICO MEXICANO SAB DE CV

Ticker:       FEMSAUBD       Security ID:  344419106
Meeting Date: MAR 22, 2019   Meeting Type: Annual
Record Date:  FEB 22, 2019

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Approve Financial Statements and        For       Abstain      Management
      Statutory Reports
2     Approve Allocation of Income and Cash   For       For          Management
      Dividends
3     Set Maximum Amount of Share Repurchase  For       For          Management
      Reserve
4     Elect Directors and Secretaries,        For       For          Management
      Verify Director's Independence
      Classification as Per Mexican
      Securities Law, and Approve their
      Remuneration
5     Elect Members and Chairmen of Planning  For       For          Management
      and Finance, Audit, and Corporate
      Practices Committees; Approve Their
      Remuneration
6     Authorize Board to Ratify and Execute   For       For          Management
      Approved Resolutions
7     Approve Minutes of Meeting              For       For          Management


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

GERDAU SA

Ticker:       GGBR4          Security ID:  P2867P113
Meeting Date: APR 17, 2019   Meeting Type: Annual
Record Date:

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     As a Preferred Shareholder, Would You   None      For          Management
      like to Request a Separate Minority
      Election of a Member of the Board of
      Directors, Under the Terms of Article
      141 of the Brazilian Corporate Law?
2     Elect Carlos Jose da Costa Andre as     None      For          Shareholder
      Director Appointed by Preferred
      Shareholder
3     In Case Neither Class of Shares         None      For          Management
      Reaches the Minimum Quorum Required by
      the Brazilian Corporate Law to Elect a
      Board Representative in Separate
      Elections, Would You Like to Use Your
      Votes to Elect the Candidate with More
      Votes to Represent Both Classes?
4     Elect Carlos Roberto Cafareli as        None      For          Shareholder
      Fiscal Council Member and Maria Izabel
      Gribel de Castro as Alternate
      Appointed by Preferred Shareholder


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

GLOBANT SA

Ticker:       GLOB           Security ID:  L44385109
Meeting Date: MAY 31, 2019   Meeting Type: Annual/Special
Record Date:  MAY 17, 2019

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Receive Board's and Auditor's Reports   None      None         Management
2     Approve Consolidated Financial          For       For          Management
      Statements and Statutory Reports
3     Approve Financial Statements            For       For          Management
4     Approve Allocation of Income            For       For          Management
5     Approve Discharge of Directors          For       For          Management
6     Approve Grant of Equity Awards to       For       For          Management
      Mario Vazquez and Linda Rottenberg
7     Approve Remuneration of Directors       For       For          Management
8     Approve Share Based Compensation        For       For          Management
      Payable to Mario Eduardo Vazquez,
      Linda Rottenberg, and Richard
      Haythornthwaite
9     Renew Appointment of Deloitte as        For       For          Management
      Auditor for Annual Accounts
10    Appoint Deloitte & Co S.A. as Auditor   For       For          Management
      for Consolidated Accounts
11    Reelect Mario Vazquez as Director       For       For          Management
12    Reelect Francisco Alvarez-Demalde as    For       For          Management
      Director
13    Reelect Marcos Galperin as Director     For       For          Management
14    Elect Richard Haythornthwaite as        For       For          Management
      Director
15    Authorize Share Repurchase Program      For       Against      Management
1     Amend Article 8 Re: Ownership of        For       For          Management
      Common Shares


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

GRUPO AEROPORTUARIO DEL PACIFICO SAB DE CV

Ticker:       GAPB           Security ID:  P4959P100
Meeting Date: APR 23, 2019   Meeting Type: Annual
Record Date:  APR 08, 2019

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Approve Reports in Compliance with      For       For          Management
      Article 28, Section IV of Mexican
      Securities Market Law
2     Approve Discharge of Directors and      For       For          Management
      Officers
3     Approve Individual and Consolidated     For       Abstain      Management
      Financial Statements and Approve
      External Auditors' Report on Financial
      Statements
4     Approve Allocation of Income in the     For       For          Management
      Amount of MXN 4.94 Billion
5     Approve Two Dividends of MXN 4.21 per   For       For          Management
      Share to be Distributed on or Before
      Aug. 31, 2018 and Dec. 31, 2019
      Respectively
6     Cancel Pending Amount of MXN 1.25       For       For          Management
      Billion of Share Repurchase Approved
      at AGM on April 25, 2018; Set Share
      Repurchase Maximum Amount of MXN 1.55
      Billion
7     Information on Election or              None      None         Management
      Ratification of Four Directors and
      Their Alternates of Series BB
      Shareholders
8     Elect or Ratify Directors of Series B   None      None         Management
      Shareholders that Hold 10 Percent of
      Share Capital
9     Elect or Ratify Directors of Series B   For       For          Management
      Shareholders
10    Elect or Ratify Board Chairman          For       For          Management
11    Approve Remuneration of Directors for   For       For          Management
      Years 2018 and 2019
12    Elect or Ratify Director of Series B    For       For          Management
      Shareholders and Member of Nominations
      and Compensation Committee
13    Elect or Ratify Chairman of Audit and   For       For          Management
      Corporate Practices Committee
14    Present Report Regarding Individual or  None      None         Management
      Accumulated Operations Greater Than
      USD 3 Million
15    Authorize Board to Ratify and Execute   For       For          Management
      Approved Resolutions


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

GRUPO AEROPORTUARIO DEL PACIFICO SAB DE CV

Ticker:       GAPB           Security ID:  P4959P100
Meeting Date: APR 23, 2019   Meeting Type: Special
Record Date:  APR 08, 2019

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Approve Reduction in Capital by MXN 1.  For       For          Management
      59 Billion; Amend Article 6 of
      Company's Bylaws Accordingly
2     Authorize Board to Ratify and Execute   For       For          Management
      Approved Resolutions


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

GRUPO BIMBO SAB DE CV

Ticker:       BIMBOA         Security ID:  P4949B104
Meeting Date: APR 29, 2019   Meeting Type: Annual
Record Date:  APR 17, 2019

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Approve Individual and Consolidated     For       Abstain      Management
      Financial Statements and Statutory
      Reports
2     Approve Report on Adherence to Fiscal   For       For          Management
      Obligations
3     Approve Allocation of Income            For       For          Management
4     Approve Cash Dividends of MXN 0.45 Per  For       For          Management
      Share
5     Elect or Ratify Directors and Approve   For       For          Management
      their Remuneration
6     Elect or Ratify Chairman and Members    For       For          Management
      of Audit and Corporate Practices
      Committee and Approve their
      Remuneration
7     Approve Report on Repurchase of Shares  For       For          Management
      and Set Aggregate Nominal Amount of
      Share Repurchase Reserve
8     Appoint Legal Representatives           For       For          Management


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

GRUPO CEMENTOS DE CHIHUAHUA

Ticker:       GCC            Security ID:  P4948S124
Meeting Date: APR 25, 2019   Meeting Type: Annual
Record Date:  APR 10, 2019

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Accept Financial Statements and         For       Abstain      Management
      Statutory Reports
2     Approve Discharge of Directors and      For       For          Management
      Executives
3     Approve Allocation of Income and        For       For          Management
      Dividends
4     Set Maximum Amount of Share Repurchase  For       For          Management
      Reserve
5     Elect Directors and Approve their       For       For          Management
      Remuneration
6     Elect or Ratify Chairman of Audit and   For       For          Management
      Corporate Practices Committee
7     Appoint Legal Representatives           For       For          Management
8     Approve Minutes of Meeting              For       For          Management


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

GRUPO FINANCIERO BANORTE SAB DE CV

Ticker:       GFNORTEO       Security ID:  P49501201
Meeting Date: APR 30, 2019   Meeting Type: Annual
Record Date:  APR 15, 2019

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.a   Approve CEO's Report on Financial       For       Abstain      Management
      Statements and Statutory Reports
1.b   Approve Board's Report on Policies and  For       For          Management
      Accounting Information and Criteria
      Followed in Preparation of Financial
      Information
1.c   Approve Board's Report on Operations    For       For          Management
      and Activities Undertaken by Board
1.d   Approve Report on Activities of Audit   For       For          Management
      and Corporate Practices Committee
1.e   Approve All Operations Carried out by   For       For          Management
      Company and Ratify Actions Carried out
      by Board, CEO and Audit and Corporate
      Practices Committee
2     Approve Allocation of Income            For       For          Management
3     Amend Dividend Policy                   For       For          Management
4     Receive Auditor's Report on Tax         None      None         Management
      Position of Company
5.a1  Elect Carlos Hank Gonzalez as Board     For       For          Management
      Chairman
5.a2  Elect Juan Antonio Gonzalez Moreno as   For       For          Management
      Director
5.a3  Elect David Juan Villarreal Montemayor  For       For          Management
      as Director
5.a4  Elect Jose Marcos Ramirez Miguel as     For       For          Management
      Director
5.a5  Elect Everardo Elizondo Almaguer as     For       For          Management
      Director
5.a6  Elect Carmen Patricia Armendariz        For       For          Management
      Guerra as Director
5.a7  Elect Hector Federico Reyes Retana y    For       For          Management
      Dahl as Director
5.a8  Elect Eduardo Livas Cantu as Director   For       For          Management
5.a9  Elect Alfredo Elias Ayub as Director    For       For          Management
5.a10 Elect Adrian Sada Cueva as Director     For       For          Management
5.a11 Elect David Penaloza Alanis as Director For       For          Management
5.a12 Elect Jose Antonio Chedraui Eguia as    For       For          Management
      Director
5.a13 Elect Alfonso de Angoitia Noriega as    For       For          Management
      Director
5.a14 Elect Thomas Stanley Heather Rodriguez  For       For          Management
      as Director
5.a15 Elect Graciela Gonzalez Moreno as       For       For          Management
      Alternate Director
5.a16 Elect Juan Antonio Gonzalez Marcos as   For       For          Management
      Alternate Director
5.a17 Elect Alberto Halabe Hamui as           For       For          Management
      Alternate Director
5.a18 Elect Carlos de la Isla Corry as        For       For          Management
      Alternate Director
5.a19 Elect Diego Martinez Rueda-Chapital as  For       For          Management
      Alternate Director
5.a20 Elect Gerardo Salazar Viezca as         For       For          Management
      Alternate Director
5.a21 Elect Clemente Ismael Reyes Retana      For       For          Management
      Valdes as Alternate Director
5.a22 Elect Roberto Kelleher Vales as         For       For          Management
      Alternate Director
5.a23 Elect Isaac Becker Kabacnik as          For       For          Management
      Alternate Director
5.a24 Elect Jose Maria Garza Trevino as       For       For          Management
      Alternate Director
5.a25 Elect Carlos Cesarman Kolteniuk as      For       For          Management
      Alternate Director
5.a26 Elect Humberto Tafolla Nunez as         For       For          Management
      Alternate Director
5.a27 Elect Guadalupe Phillips Margain as     For       For          Management
      Alternate Director
5.a28 Elect Ricardo Maldonado Yanez as        For       For          Management
      Alternate Director
5.b   Elect Hector Avila Flores as Board      For       For          Management
      Secretary Who Will Not Be Part of Board
5.c   Approve Directors Liability and         For       For          Management
      Indemnification
6     Approve Remuneration of Directors       For       For          Management
7     Elect Hector Federico Reyes Retana y    For       For          Management
      Dahl as Chairman of Audit and
      Corporate Practices Committee
8     Approve Report on Share Repurchase;     For       For          Management
      Set Aggregate Nominal Amount of Share
      Repurchase Reserve
9     Authorize Board to Ratify and Execute   For       For          Management
      Approved Resolutions


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

GRUPO FINANCIERO BANORTE SAB DE CV

Ticker:       GFNORTEO       Security ID:  P49501201
Meeting Date: MAY 30, 2019   Meeting Type: Special
Record Date:  MAY 17, 2019

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Approve Cash Dividends of MXN 5.54 Per  For       For          Management
      Share
1.2   Approve Dividend to Be Paid on June 7,  For       For          Management
      2019
2     Authorize Board to Ratify and Execute   For       For          Management
      Approved Resolutions


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

IGUATEMI EMPRESA DE SHOPPING CENTERS S.A

Ticker:       IGTA3          Security ID:  P5352J104
Meeting Date: JUL 19, 2018   Meeting Type: Special
Record Date:

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Fix Number of Directors at Seven        For       For          Management
2     Elect Bernardo Parnes as Independent    For       For          Management
      Director


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

IOCHPE-MAXION SA

Ticker:       MYPK3          Security ID:  P58749105
Meeting Date: APR 26, 2019   Meeting Type: Annual
Record Date:

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Accept Financial Statements and         For       Abstain      Management
      Statutory Reports for Fiscal Year
      Ended Dec. 31, 2018
2     Approve Allocation of Income and        For       For          Management
      Dividends
3     Fix Number of Directors at Nine         For       For          Management
4     Elect Directors                         For       For          Management
5     In Case There is Any Change to the      None      Against      Management
      Board Slate Composition, May Your
      Votes Still be Counted for the
      Proposed Slate?
6     In Case Cumulative Voting Is Adopted,   None      Abstain      Management
      Do You Wish to Equally Distribute Your
      Votes Among the Nominees?
7.1   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Dan Ioschpe as Director and
      Salomao Ioschpe as Alternate
7.2   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Gustavo Berg Ioschpe as Director
      and Debora Berg Ioschpe as Alternate
7.3   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Iboty Brochmann Ioschpe as
      Director and Claudia Ioschpe as
      Alternate
7.4   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Mauro Litwin Iochpe as Director
      and Leandro Kolodny as Alternate
7.5   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Israel Vainboim as Independent
      Director and Mauro Knijnik as Alternate
7.6   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Luiz Antonio Correia Nunes Viana
      de Oliveira as Independent Director
      and Ronald John Aldworth as Alternate
7.7   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Nildemar Secches as Independent
      Director
7.8   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Sergio Luiz Silva Schwartz as
      Independent Director
7.9   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Alexandre Goncalves Silva as
      Independent Director
8     Do You Wish to Adopt Cumulative Voting  None      Abstain      Management
      for the Election of the Members of the
      Board of Directors, Under the Terms of
      Article 141 of the Brazilian Corporate
      Law?
9     Approve Remuneration of Company's       For       For          Management
      Management
10    Do You Wish to Request Installation of  None      For          Management
      a Fiscal Council, Under the Terms of
      Article 161 of the Brazilian Corporate
      Law?


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

KLABIN SA

Ticker:       KLBN4          Security ID:  P60933135
Meeting Date: APR 30, 2019   Meeting Type: Annual
Record Date:

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Accept Financial Statements and         For       Abstain      Management
      Statutory Reports for Fiscal Year
      Ended Dec. 31, 2018
2     Approve Allocation of Income and        For       For          Management
      Dividends
3     Fix Number of Directors at 13           For       For          Management
4     Do You Wish to Adopt Cumulative Voting  None      Abstain      Management
      for the Election of the Members of the
      Board of Directors, Under the Terms of
      Article 141 of the Brazilian Corporate
      Law?
5.1   Elect Daniel Miguel Klabin as Director  For       Abstain      Management
      and Amanda Klabin Tkacz as Alternate
5.2   Elect Armando Klabin as Director and    For       Abstain      Management
      Bernardo Klabin as Alternate
5.3   Elect Pedro Oliva Marcilio de Sousa as  For       Abstain      Management
      Director and Alberto Klabin as
      Alternate
5.4   Elect Jose Luis de Salles Freire as     For       Abstain      Management
      Director and Francisco Lafer Pati as
      Alternate
5.5   Elect Francisco Amaury Olsen as         For       Abstain      Management
      Director and Eduardo Lafer Piva as
      Alternate
5.6   Elect Israel Klabin as Director and     For       Abstain      Management
      Celso Lafer as Alternate
5.7   Elect Paulo Sergio Coutinho Galvao      For       Abstain      Management
      Filho as Director and Vivian do Valle
      S. L. Mikui as Alternate
5.8   Elect Roberto Klabin Martin Xavier as   For       Abstain      Management
      Director and Lilia Klabin Levine as
      Alternate
5.9   Elect Roberto Luiz Leme Klabin as       For       Abstain      Management
      Director and Marcelo Bertini de
      Rezende Barbosa as Alternate
5.10  Elect Joaquim Pedro Monteiro de         For       Abstain      Management
      Carvalho Collor de Mello as Director
      and Camilo Marcantonio Junior as
      Alternate
5.11  Elect Sergio Francisco Monteiro de      For       Abstain      Management
      Carvalho Guimaraes as Director and
      Olavo Egydio Monteiro de Carvalho as
      Alternate
5.12  Elect Vera Lafer as Director and Vera   For       Abstain      Management
      Lafer Lorch Cury as Alternate
5.13  Elect Amaury Guilherme Bier as          For       Abstain      Management
      Director and Luis Eduardo Pereira de
      Carvalho as Alternate
6     In Case Cumulative Voting Is Adopted,   None      Abstain      Management
      Do You Wish to Equally Distribute Your
      Votes Among the Nominees?
7.1   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Daniel Miguel Klabin as Director
      and Amanda Klabin Tkacz as Alternate
7.2   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Armando Klabin as Director and
      Bernardo Klabin as Alternate
7.3   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Pedro Oliva Marcilio de Sousa as
      Director and Alberto Klabin as
      Alternate
7.4   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Jose Luis de Salles Freire as
      Director and Francisco Lafer Pati as
      Alternate
7.5   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Francisco Amaury Olsen as
      Director and Eduardo Lafer Piva as
      Alternate
7.6   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Israel Klabin as Director and
      Celso Lafer as Alternate
7.7   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Paulo Sergio Coutinho Galvao
      Filho as Director and Vivian do Valle
      S. L. Mikui as Alternate
7.8   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Roberto Klabin Martin Xavier as
      Director and Lilia Klabin Levine as
      Alternate
7.9   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Roberto Luiz Leme Klabin as
      Director and Marcelo Bertini de
      Rezende Barbosa as Alternate
7.10  Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Joaquim Pedro Monteiro de
      Carvalho Collor de Mello as Director
      and Camilo Marcantonio Junior as
      Alternate
7.11  Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Sergio Francisco Monteiro de
      Carvalho Guimaraes as Director and
      Olavo Egydio Monteiro de Carvalho as
      Alternate
7.12  Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Vera Lafer as Director and Vera
      Lafer Lorch Cury as Alternate
7.13  Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Amaury Guilherme Bier as
      Director and Luis Eduardo Pereira de
      Carvalho as Alternate
8     As an Ordinary Shareholder, Would You   None      For          Management
      like to Request a Separate Minority
      Election of a Member of the Board of
      Directors, Under the Terms of Article
      141 of the Brazilian Corporate Law?
9     As a Preferred Shareholder, Would You   None      For          Management
      like to Request a Separate Minority
      Election of a Member of the Board of
      Directors, Under the Terms of Article
      141 of the Brazilian Corporate Law?
10.1  Elect Mauro Gentile Rodrigues da Cunha  None      For          Shareholder
      as Director Appointed by Preferred
      Shareholder
10.2  Elect Marcelo Gasparino da Silva as     None      For          Shareholder
      Alternate Director Appointed by
      Preferred Shareholder
10.3  Elect Joao Verner Juenemann as          None      For          Shareholder
      Alternate Director Appointed by
      Preferred Shareholder
11    In Case Neither Class of Shares         None      For          Management
      Reaches the Minimum Quorum Required by
      the Brazilian Corporate Law to Elect a
      Board Representative in Separate
      Elections, Would You Like to Use Your
      Votes to Elect the Candidate with More
      Votes to Represent Both Classes?
12    Elect Fiscal Council Members            For       Abstain      Management
13    In Case One of the Nominees Leaves the  None      Against      Management
      Fiscal Council Slate Due to a Separate
      Minority Election, as Allowed Under
      Articles 161 and 240 of the Brazilian
      Corporate Law, May Your Votes Still Be
      Counted for the Proposed Slate?
14    Elect Louise Barsi as Fiscal Council    None      Abstain      Shareholder
      Member and Geraldo Affonso Ferreira as
      Alternate Appointed by Preferred
      Shareholder
15    Approve Remuneration of Company's       For       For          Management
      Management
16    Approve Remuneration of Fiscal Council  For       For          Management
      Members
17    Elect Mauricio Aquino Halewicz as       None      For          Shareholder
      Fiscal Council Member and Maria Carmen
      Westerlund Montera as Alternate
      Appointed by Minority Shareholder


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

LINX SA

Ticker:       LINX3          Security ID:  P6S933101
Meeting Date: JAN 23, 2019   Meeting Type: Special
Record Date:

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Approve Long-Term Incentive Program:    For       Against      Management
      Stock Option Plan and Deferred Share
      Plan


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

LINX SA

Ticker:       LINX3          Security ID:  P6S933101
Meeting Date: APR 24, 2019   Meeting Type: Annual
Record Date:

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Accept Financial Statements and         For       Abstain      Management
      Statutory Reports for Fiscal Year
      Ended Dec. 31, 2018
2     Approve Capital Budget and Allocation   For       For          Management
      of Income
3     Approve Remuneration of Company's       For       Against      Management
      Management
4     Approve Remuneration of Fiscal Council  For       For          Management
      Members
5     As an Ordinary Shareholder, Would You   None      Abstain      Management
      like to Request a Separate Minority
      Election of a Member of the Board of
      Directors, Under the Terms of Article
      141 of the Brazilian Corporate Law?
6     Do You Wish to Adopt Cumulative Voting  None      Abstain      Management
      for the Election of the Members of the
      Board of Directors, Under the Terms of
      Article 141 of the Brazilian Corporate
      Law?
7     Elect Directors                         For       For          Management
8     In Case There is Any Change to the      None      Against      Management
      Board Slate Composition, May Your
      Votes Still be Counted for the
      Proposed Slate?
9     In Case Cumulative Voting Is Adopted,   None      Abstain      Management
      Do You Wish to Equally Distribute Your
      Votes Among the Nominees?
10.1  Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Nercio Jose Monteiro Fernandes
      as Director
10.2  Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Alberto Menache as Director
10.3  Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Alon Dayan as Director
10.4  Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Joao Cox Neto as Director
10.5  Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Roger de Barbosa Ingold as
      Director
11    Elect Fiscal Council Members            For       For          Management
12    In Case One of the Nominees Leaves the  None      Against      Management
      Fiscal Council Slate Due to a Separate
      Minority Election, as Allowed Under
      Articles 161 and 240 of the Brazilian
      Corporate Law, May Your Votes Still Be
      Counted for the Proposed Slate?
13    In the Event of a Second Call, the      None      For          Management
      Voting Instructions Contained in this
      Remote Voting Card May Also be
      Considered for the Second Call?


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

LINX SA

Ticker:       LINX3          Security ID:  P6S933101
Meeting Date: APR 24, 2019   Meeting Type: Special
Record Date:

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Amend Article 2 Re: Company             For       For          Management
      Headquarters
2     Amend Article 5 to Reflect Changes in   For       For          Management
      Capital
3     Amend Article 11                        For       For          Management
4     Amend Article 16                        For       For          Management
5     Amend Article 16 Sections ix and x      For       For          Management
6     Amend Article 17 Paragraph 1            For       For          Management
7     Amend Article 17 Paragraph 4            For       For          Management
8     Amend Article 22                        For       For          Management
9     Amend Article 23                        For       For          Management
10    Amend Article 23 Section xii            For       For          Management
11    Amend Article 23 Section xxii           For       For          Management
12    Amend Article 23 Section xliv           For       For          Management
13    Amend Article 23 Paragraph 1            For       For          Management
14    Amend Article 24                        For       For          Management
15    Amend Article 25                        For       For          Management
16    Amend Article 25 Section viii           For       For          Management
17    Amend Article 32                        For       For          Management
18    Amend Article 48                        For       For          Management
19    Consolidate Bylaws                      For       For          Management
20    In the Event of a Second Call, the      None      For          Management
      Voting Instructions Contained in this
      Remote Voting Card May Also be
      Considered for the Second Call?


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

LOCALIZA RENT A CAR SA

Ticker:       RENT3          Security ID:  P6330Z111
Meeting Date: APR 29, 2019   Meeting Type: Annual
Record Date:

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Accept Financial Statements and         For       Abstain      Management
      Statutory Reports for Fiscal Year
      Ended Dec. 31, 2018
2     Approve Allocation of Income and        For       For          Management
      Dividends
3     Do You Wish to Adopt Cumulative Voting  None      Abstain      Management
      for the Election of the Members of the
      Board of Directors, Under the Terms of
      Article 141 of the Brazilian Corporate
      Law?
4     Fix Number of Directors at Seven        For       For          Management
5.1   Elect Oscar de Paula Bernardes Neto as  For       For          Management
      Independent Board Chairman
5.2   Elect Jose Gallo as Independent Board   For       For          Management
      Vice-Chairman
5.3   Elect Eugenio Pacelli Mattar as         For       For          Management
      Director
5.4   Elect Maria Leticia de Freitas Costa    For       For          Management
      as Independent Director
5.5   Elect Paulo Antunes Veras as            For       For          Management
      Independent Director
5.6   Elect Pedro de Godoy Bueno as           For       For          Management
      Independent Director
5.7   Elect Roberto Antonio Mendes as         For       For          Management
      Director
6     In Case Cumulative Voting Is Adopted,   None      Abstain      Management
      Do You Wish to Equally Distribute Your
      Votes Among the Nominees?
7.1   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Oscar de Paula Bernardes Neto as
      Independent Board Chairman
7.2   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Jose Gallo as Independent Board
      Vice-Chairman
7.3   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Eugenio Pacelli Mattar as
      Director
7.4   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Maria Leticia de Freitas Costa
      as Independent Director
7.5   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Paulo Antunes Veras as
      Independent Director
7.6   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Pedro de Godoy Bueno as
      Independent Director
7.7   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Roberto Antonio Mendes as
      Director
8     As an Ordinary Shareholder, Would You   None      Abstain      Management
      like to Request a Separate Minority
      Election of a Member of the Board of
      Directors, Under the Terms of Article
      141 of the Brazilian Corporate Law?
9     Approve Remuneration of Company's       For       For          Management
      Management
10    Do You Wish to Request Installation of  None      For          Management
      a Fiscal Council, Under the Terms of
      Article 161 of the Brazilian Corporate
      Law?


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

LOCALIZA RENT A CAR SA

Ticker:       RENT3          Security ID:  P6330Z111
Meeting Date: APR 29, 2019   Meeting Type: Special
Record Date:

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Amend Articles                          For       For          Management
2     Consolidate Bylaws                      For       For          Management
3     Do You Wish to Request Installation of  None      For          Management
      a Fiscal Council, Under the Terms of
      Article 161 of the Brazilian Corporate
      Law?


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

LOJAS AMERICANAS SA

Ticker:       LAME4          Security ID:  P6329M105
Meeting Date: APR 30, 2019   Meeting Type: Special
Record Date:

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Amend Article 5 to Reflect Changes in   For       For          Management
      Capital
2     Amend Articles                          For       For          Management
3     Consolidate Bylaws                      For       For          Management


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

LOJAS AMERICANAS SA

Ticker:       LAME4          Security ID:  P6329M105
Meeting Date: APR 30, 2019   Meeting Type: Annual
Record Date:

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Do You Wish to Request Installation of  None      For          Management
      a Fiscal Council, Under the Terms of
      Article 161 of the Brazilian Corporate
      Law?


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

LOJAS RENNER SA

Ticker:       LREN3          Security ID:  P6332C102
Meeting Date: APR 18, 2019   Meeting Type: Annual
Record Date:

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Accept Financial Statements and         For       Abstain      Management
      Statutory Reports for Fiscal Year
      Ended Dec. 31, 2018
2     Approve Allocation of Income and        For       For          Management
      Dividends
3     Fix Number of Directors                 For       For          Management
4     Do You Wish to Adopt Cumulative Voting  None      Abstain      Management
      for the Election of the Members of the
      Board of Directors, Under the Terms of
      Article 141 of the Brazilian Corporate
      Law?
5.1   Elect Osvaldo Burgos Schirmer as        For       For          Management
      Independent Director
5.2   Elect Carlos Fernando Couto de          For       For          Management
      Oliveira Souto as Independent Director
5.3   Elect Jose Gallo as Director            For       For          Management
5.4   Elect Fabio de Barros Pinheiro as       For       For          Management
      Independent Director
5.5   Elect Heinz-Peter Elstrodt as           For       For          Management
      Independent Director
5.6   Elect Thomas Bier Herrmann as           For       For          Management
      Independent Director
5.7   Elect Juliana Rozenbaum Munemori as     For       For          Management
      Independent Director
5.8   Elect Christiane Almeida Edington as    For       For          Management
      Independent Director
5.9   Elect Beatriz Pereira Carneiro Cunha    None      Did Not Vote Shareholder
      as Director Appointed by Minority
      Shareholder
6     In Case Cumulative Voting Is Adopted,   None      Abstain      Management
      Do You Wish to Equally Distribute Your
      Votes Among the Nominees?
7.1   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Osvaldo Burgos Schirmer as
      Independent Director
7.2   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Carlos Fernando Couto de
      Oliveira Souto as Independent Director
7.3   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Jose Gallo as Director
7.4   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Fabio de Barros Pinheiro as
      Independent Director
7.5   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Heinz-Peter Elstrodt as
      Independent Director
7.6   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Thomas Bier Herrmann as
      Independent Director
7.7   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Juliana Rozenbaum Munemori as
      Independent Director
7.8   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Christiane Almeida Edington as
      Independent Director
7.9   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Beatriz Pereira Carneiro Cunha
      as Director Appointed by Minority
      Shareholder
8     As an Ordinary Shareholder, Would You   None      For          Management
      like to Request a Separate Minority
      Election of a Member of the Board of
      Directors, Under the Terms of Article
      141 of the Brazilian Corporate Law?
9     Approve Remuneration of Company's       For       For          Management
      Management
10    Fix Number of Fiscal Council Members    For       For          Management
11.1  Elect Joarez Jose Picinini as Fiscal    For       For          Management
      Council Member and Ricardo Gus Maltz
      as Alternate
11.2  Elect Cristell Lisania Justen as        For       Abstain      Management
      Fiscal Council Member and Roberto
      Zeller Branchi as Alternate
11.3  Elect Ricardo Zaffari Grechi as Fiscal  For       For          Management
      Council Member and Roberto Frota
      Decourt as Alternate
11.4  Elect Jose Eduardo Moreira Bergo as     None      For          Shareholder
      Fiscal Council Member and Isabel
      Cristina Bittencourt Santiago as
      Alternate Appointed by Minority
      Shareholder
12    Approve Remuneration of Fiscal Council  For       For          Management
      Members


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

MRV ENGENHARIA E PARTICIPACOES SA

Ticker:       MRVE3          Security ID:  P6986W107
Meeting Date: DEC 12, 2018   Meeting Type: Special
Record Date:

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Approve Partial Spin-Off Re: Shares of  For       For          Management
      Log Commercial Properties e
      Participacoes S.A.
2     Approve Agreement for Partial Spin-Off  For       For          Management
      Re: Shares of Log Commercial
      Properties e Participacoes S.A.
3     Ratify Apsis Consultoria e Avaliacoes   For       For          Management
      Ltda. as the Independent Firm to
      Appraise Proposed Transactions
4     Approve Independent Firm's Appraisal    For       For          Management
5     Authorize Board to Ratify and Execute   For       For          Management
      Approved Resolutions
6     Approve Reduction in Share Capital      For       For          Management
      without Cancellation of Shares
7     Amend Article 5 to Reflect Changes in   For       For          Management
      Capital
8     Consolidate Bylaws                      For       For          Management
9     Approve Minutes of Meeting with         For       For          Management
      Exclusion of Shareholder Names
10    In the Event of a Second Call, the      None      For          Management
      Voting Instructions Contained in this
      Remote Voting Card May Also be
      Considered for the Second Call?


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

MRV ENGENHARIA E PARTICIPACOES SA

Ticker:       MRVE3          Security ID:  P6986W107
Meeting Date: MAR 15, 2019   Meeting Type: Special
Record Date:

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Approve Revision to the Current         For       For          Management
      Organizational Structure of the
      Company and Amend Articles Accordingly
2.1   Elect Sinai Waisberg as Director        For       For          Management
2.2   Elect Leonardo Guimaraes Correa as      For       For          Management
      Director
2.3   Elect Betania Tanure de Barros as       For       For          Management
      Director
2.4   Elect Rubens Menin Teixeira de Souza    For       For          Management
      as Director
2.5   Elect Marcos Alberto Cabaleiro          For       For          Management
      Fernandez as Director
2.6   Elect Rafael Nazareth Menin Teixeira    For       For          Management
      de Souza as Director
2.7   Elect Antonio Kandir as Director        For       For          Management
3     In Case Cumulative Voting Is Adopted,   None      Abstain      Management
      Do You Wish to Equally Distribute Your
      Votes for Each Supported Nominee?
4.1   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Sinai Waisberg as Director
4.2   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Leonardo Guimaraes Correa as
      Director
4.3   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Betania Tanure de Barros as
      Director
4.4   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Rubens Menin Teixeira de Souza
      as Director
4.5   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Marcos Alberto Cabaleiro
      Fernandez as Director
4.6   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Rafael Nazareth Menin Teixeira
      de Souza as Director
4.7   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Antonio Kandir as Director
5     Approve Remuneration of Company's       For       For          Management
      Management
6     Approve Decrease in Board Size          For       For          Management
7     Amend Article 23                        For       For          Management
8     Consolidate Bylaws                      For       For          Management
9     Amend Stock Option Plan                 For       For          Management
10    Approve Minutes of Meeting With         For       For          Management
      Exclusion of Shareholder Names


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

MRV ENGENHARIA E PARTICIPACOES SA

Ticker:       MRVE3          Security ID:  P6986W107
Meeting Date: APR 25, 2019   Meeting Type: Annual/Special
Record Date:

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Accept Financial Statements and         For       Abstain      Management
      Statutory Reports for Fiscal Year
      Ended Dec. 31, 2018
2     Approve Allocation of Income            For       For          Management
3     Authorize Capitalization of Reserves    For       For          Management
4     Amend Article 5 to Reflect Changes in   For       For          Management
      Capital
5     Consolidate Bylaws                      For       For          Management
6     Approve Minutes of Meeting With         For       For          Management
      Exclusion of Shareholder Names
7     In the Event of a Second Call, the      None      For          Management
      Voting Instructions Contained in this
      Remote Voting Card May Also be
      Considered for the Second Call?


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

MRV ENGENHARIA E PARTICIPACOES SA

Ticker:       MRVE3          Security ID:  P6986W107
Meeting Date: MAY 30, 2019   Meeting Type: Special
Record Date:

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Silvio Romero de Lemos Meira as   For       For          Management
      Independent Director
2     Install Innovation Committee            For       For          Management
3     Approve Increase in Board Size from     For       For          Management
      Seven to Eight Members
4     Change Name of Governance and Ethics    For       For          Management
      Committee to Governance and Compliance
      Committee
5     Amend Article 23                        For       For          Management
6     Consolidate Bylaws                      For       For          Management
7     Approve Minutes of Meeting With         For       For          Management
      Exclusion of Shareholder Names


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

OI SA

Ticker:       OIBR4          Security ID:  P73531108
Meeting Date: MAR 19, 2019   Meeting Type: Special
Record Date:

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Ratify Valore Consultoria e Avaliacoes  For       For          Management
      Ltda. (Meden) as the Independent Firm
      to Appraise Proposed Transaction
2     Approve Independent Firm's Appraisal    For       For          Management
3     Approve Agreement to Absorb Copart 5    For       For          Management
      Participacoes S.A.
4     Approve Absorption of Copart 5          For       For          Management
      Participacoes S.A.
5     Amend Article 5 to Reflect Changes in   For       For          Management
      Capital
6     Ratify Election of Roger Sole Rafols    For       For          Management
      as Director


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

OI SA

Ticker:       OIBR4          Security ID:  P73531108
Meeting Date: APR 26, 2019   Meeting Type: Special
Record Date:

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Amend Articles                          For       For          Management
2     Approve Long-Term Incentive Plan for    For       Against      Management
      Executives
3     Approve Long-Term Incentive Plan for    For       Against      Management
      Board Members
4     Approve Company's Replacement of Loss   For       Against      Management
      Policy
5     Ratify Actions Carried Out by the       For       For          Management
      Board Re: Bankruptcy Protection


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

OI SA

Ticker:       OIBR4          Security ID:  P73531108
Meeting Date: APR 26, 2019   Meeting Type: Annual
Record Date:

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Accept Financial Statements and         For       Abstain      Management
      Statutory Reports for Fiscal Year
      Ended Dec. 31, 2018
2     Approve Allocation of Income            For       For          Management
3     Approve Remuneration of Company's       For       For          Management
      Management and Fiscal Council
4     Elect Fiscal Council Members            For       For          Management
5     In Case One of the Nominees Leaves the  None      Against      Management
      Fiscal Council Slate Due to a Separate
      Minority Election, as Allowed Under
      Articles 161 and 240 of the Brazilian
      Corporate Law, May Your Votes Still Be
      Counted for the Proposed Slate?


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

PAMPA ENERGIA SA

Ticker:       PAMP           Security ID:  697660207
Meeting Date: APR 29, 2019   Meeting Type: Annual/Special
Record Date:  MAR 18, 2019

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Designate Shareholders to Sign Minutes  For       For          Management
      of Meeting
2     Consider Financial Statements and       For       Abstain      Management
      Statutory Reports
3     Consider Allocation of Income           For       For          Management
4     Consider Discharge of Internal          For       For          Management
      Statutory Auditors Committee (Comision
      Fiscalizadora) and Their Remuneration
5     Consider Discharge of Internal          For       For          Management
      Statutory Auditors Committee (Comision
      Fiscalizadora) and Their Remuneration
      of Petrobras Argentina SA, Petrolera
      Pampa SA, Central Termica Guemes SA
      and Central Termica Loma de la Lata SA
6     Consider Discharge of Directors and     For       For          Management
      Fix their Remuneration in the Amount
      of ARS 278.6 Million
7     Consider Remuneration of Auditor in     For       For          Management
      the Amount of ARS 27.5 Million
8     Elect Directors and Their Alternates;   For       For          Management
      Elect Members of Audit Committee
9     Elect Marcelo Hector Fuxman and Damian  For       For          Management
      Burgio as Alternate Internal Statutory
      Auditors
10    Appoint Price Waterhouse & Co SRL as    For       For          Management
      Auditor for FY 2019
11    Consider Remuneration of Auditor and    For       For          Management
      Alternate for FY 2019
12    Consider Budget for Audit Committee in  For       For          Management
      the Amount of ARS 585,000
13    Authorize Issuance of Negotiable Debt   For       For          Management
      Securities Convertible into Shares
      and/or American Depository Shares (ADR)
14    Authorize Board to Perform Formalities  For       For          Management
      and Necessary Presentations to Obtain
      Corresponding Inscriptions
15    Consider Absorption of Parques Eolicos  For       For          Management
      Argentinos SA by the Company
16    Other Business (Voting)                 For       Against      Management


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

PETROLEO BRASILEIRO SA

Ticker:       PETR4          Security ID:  71654V408
Meeting Date: OCT 04, 2018   Meeting Type: Special
Record Date:  SEP 14, 2018

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1a    Elect Ivan de Souza Monteiro and        For       For          Management
      Durval Jose Soledade Santos as
      Directors
1b    In Case There is Any Change to the      None      Against      Management
      Board Slate Composition, May Your
      Votes Still be Counted for the
      Proposed Slate?
1c    In Case Cumulative Voting Is Adopted,   None      Abstain      Management
      Do You Wish to Equally Distribute Your
      Votes to All Nominees in the Slate?
2     Amend Articles                          For       For          Management
3     Consolidate Bylaws                      For       For          Management
4     Approve Remuneration of Audit           For       Against      Management
      Committee Members


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

PETROLEO BRASILEIRO SA

Ticker:       PETR4          Security ID:  71654V408
Meeting Date: DEC 11, 2018   Meeting Type: Special
Record Date:  NOV 19, 2018

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Amend Articles 23, 28, 30 and           For       Against      Management
      Consolidate Bylaws
2     Approve Absorption of PDET Offshore SA  For       For          Management


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

PETROLEO BRASILEIRO SA

Ticker:       PETR4          Security ID:  71654V408
Meeting Date: APR 25, 2019   Meeting Type: Annual/Special
Record Date:  MAR 25, 2019

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Accept Financial Statements and         For       Abstain      Management
      Statutory Reports for Fiscal Year
      Ended Dec. 31, 2018
2     Approve Capital Budget                  For       For          Management
3     Approve Allocation of Income and        For       For          Management
      Dividends
4     Dismiss Director                        For       For          Management
5.1   Elect Directors                         For       For          Management
5.2   In Case There is Any Change to the      None      Against      Management
      Board Slate Composition, May Your
      Votes Still be Counted for the
      Proposed Slate?
5.3   In Case Cumulative Voting Is Adopted,   None      Abstain      Management
      Do You Wish to Equally Distribute Your
      Votes Among the Nominees?
6     Elect Eduardo Bacellar Leal Ferreira    For       For          Management
      as Board Chairman
7a.1  Elect Fiscal Council Members            For       Abstain      Management
7a.2  In Case One of the Nominees Leaves the  None      Against      Management
      Fiscal Council Slate Due to a Separate
      Minority Election, as Allowed Under
      Articles 161 and 240 of the Brazilian
      Corporate Law, May Your Votes Still Be
      Counted for the Proposed Slate?
7b    Elect Marcelo Gasparino da Silva as     None      For          Shareholder
      Fiscal Council Member and Patricia
      Valente Stierli as Alternate Appointed
      by Minority Shareholder
8     Approve Remuneration of Company's       For       For          Management
      Management and Fiscal Council
1     Amend Articles and Consolidate Bylaws   For       Against      Management


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

PETROLEO BRASILEIRO SA

Ticker:       PETR4          Security ID:  71654V101
Meeting Date: APR 25, 2019   Meeting Type: Annual
Record Date:  MAR 25, 2019

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
7     Elect Daniel Alves Ferreira as Fiscal   None      For          Shareholder
      Council Member and Aloisio Macario
      Ferreira de Souza as Alternate
      Appointed by Preferred Shareholder


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

RUMO SA

Ticker:       RAIL3          Security ID:  P8S114104
Meeting Date: APR 24, 2019   Meeting Type: Annual
Record Date:

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Accept Financial Statements and         For       Abstain      Management
      Statutory Reports for Fiscal Year
      Ended Dec. 31, 2018
2     Approve Allocation of Income            For       For          Management
3     Fix Number of Directors at 11           For       For          Management
4     Approve Characterization of             For       For          Management
      Independent Directors
5     As an Ordinary Shareholder, Would You   None      For          Management
      like to Request a Separate Minority
      Election of a Member of the Board of
      Directors, Under the Terms of Article
      141 of the Brazilian Corporate Law?
6     Do You Wish to Adopt Cumulative Voting  None      Abstain      Management
      for the Election of the Members of the
      Board of Directors, Under the Terms of
      Article 141 of the Brazilian Corporate
      Law?
7.1   Elect Rubens Ometto Silveira Mello as   For       For          Management
      Director
7.2   Elect Marcos Marinho Lutz as Director   For       For          Management
7.3   Elect Marcelo de Souza Scarcela         For       For          Management
      Portela as Director
7.4   Elect Abel Gregorei Halpern as Director For       For          Management
7.5   Elect Marcelo Eduardo Martins as        For       For          Management
      Director
7.6   Elect Sameh Fahmy as Director           For       For          Management
7.7   Elect Burkhard Otto Cordes as Director  For       For          Management
7.8   Elect Julio Fontana Neto as Director    For       For          Management
7.9   Elect Mailson Ferreira da Nobrega as    For       For          Management
      Director
7.10  Elect Riccardo Arduini as Director and  For       For          Management
      Giancarlo Arduini as Alternate
7.11  Elect Marcos Sawaya Junk as Director    For       For          Management
8     In Case Cumulative Voting Is Adopted,   None      Abstain      Management
      Do You Wish to Equally Distribute Your
      Votes Among the Nominees?
9.1   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Rubens Ometto Silveira Mello as
      Director
9.2   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Marcos Marinho Lutz as Director
9.3   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Marcelo de Souza Scarcela
      Portela as Director
9.4   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Abel Gregorei Halpern as Director
9.5   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Marcelo Eduardo Martins as
      Director
9.6   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Sameh Fahmy as Director
9.7   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Burkhard Otto Cordes as Director
9.8   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Julio Fontana Neto as Director
9.9   Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Mailson Ferreira da Nobrega as
      Director
9.10  Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Riccardo Arduini as Director and
      Giancarlo Arduini as Alternate
9.11  Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Marcos Sawaya Junk as Director
10    Elect Rubens Ometto Silveira Mello as   For       For          Management
      Board Chairman and Marcos Marinho Lutz
      as Vice-Chairman
11    Fix Number of Fiscal Council Members    For       For          Management
      at Five
12.1  Elect Luiz Carlos Nannini as Fiscal     For       Abstain      Management
      Council Member and Henrique Ache
      Pillar as Alternate
12.2  Elect Marcelo Curti as Fiscal Council   For       Abstain      Management
      Member and Joao Marcelo Peixoto Torres
      as Alternate
12.3  Elect Francisco Silverio Morales        For       Abstain      Management
      Cespede as Fiscal Council Member and
      Helio Ribeiro Duarte as Alternate
12.4  Elect Cristina Anne Betts as Fiscal     For       Abstain      Management
      Council Member and Guido Barbosa de
      Oliveira as Alternate
13.1  Elect Thiago Costa Jacinto as Fiscal    None      Abstain      Shareholder
      Council Member and Henrique Bredda as
      Alternate Appointed by Minority
      Shareholder
13.2  Elect Reginaldo Ferreira Alexandre as   None      For          Shareholder
      Fiscal Council Member and Walter Luis
      Bernardes Albertoni as Alternate
      Appointed by Minority Shareholder
14    Appoint Luiz Carlos Nannini as  Fiscal  For       For          Management
      Council Chairman
15    Approve Remuneration of Company's       For       For          Management
      Management
16    Approve Remuneration of Fiscal Council  For       For          Management
      Members
17    In the Event of a Second Call, the      None      For          Management
      Voting Instructions Contained in this
      Remote Voting Card May Also be
      Considered for the Second Call?


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

S.A.C.I. FALABELLA SA

Ticker:       FALABELLA      Security ID:  P3880F108
Meeting Date: AUG 20, 2018   Meeting Type: Special
Record Date:  AUG 13, 2018

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Authorize Increase in Share Capital     For       For          Management
      via Issuance of 84.33 Million Shares;
      Amend Article 5 and Transitory
      Article; Approve Registration of New
      Shares with CMF and Santiago Stock
      Exchange; Approve Private Offering to
      Qualified Investors in US
2     Authorize Board to Set Final Price of   For       For          Management
      New Shares
3     Approve Sale of Shares                  For       For          Management
4     Receive Report on Related-Party         None      None         Management
      Transaction with Sociedad e
      Inversiones Los Olivos SA Re:
      Cooperation Agreement (Convenio de
      Colaboracion)
5     Grant Powers to Board to Carry out      For       For          Management
      Necessary Activities to Materialize
      Capital Increase and Placing of Shares


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

S.A.C.I. FALABELLA SA

Ticker:       FALABELLA      Security ID:  P3880F108
Meeting Date: APR 23, 2019   Meeting Type: Annual
Record Date:  APR 15, 2019

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Approve Annual Report, Balance Sheet,   For       Abstain      Management
      and Consolidated Financial Statements
2     Approve Auditors' Report                For       Abstain      Management
3     Approve Allocation of Income and        For       For          Management
      Dividends of CLP 76 Per Share
4     Approve Dividend Policy                 For       For          Management
5     Approve Remuneration of Directors       For       For          Management
6     Appoint Auditors                        For       For          Management
7     Designate Risk Assessment Companies     For       For          Management
8     Designate Newspaper to Publish          For       For          Management
      Announcements
9     Receive Report Regarding Related-Party  For       For          Management
      Transactions
10    Receive Directors Committee's Report    For       For          Management
11    Approve Remuneration of Directors'      For       For          Management
      Committee
12    Approve Budget of Directors' Committee  For       For          Management


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

S.A.C.I. FALABELLA SA

Ticker:       FALABELLA      Security ID:  P3880F108
Meeting Date: APR 23, 2019   Meeting Type: Special
Record Date:  APR 15, 2019

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Change Company Name to Falabella SA;    For       For          Management
      Amend Article 1
2     Amend Articles 19, 21 and 23            For       For          Management
3     Authorize Board to Ratify and Execute   For       For          Management
      Approved Resolutions


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

SUZANO PAPEL E CELULOSE SA

Ticker:       SUZB3          Security ID:  P06768157
Meeting Date: SEP 13, 2018   Meeting Type: Special
Record Date:

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Ratify Investment in Eucalipto Holding  For       For          Management
      S.A. through Subscription of New Shares
2     Approve Acquisition Agreement between   For       For          Management
      the Company, Eucalipto Holding S.A.
      and Fibria Celulose S.A.
3     Ratify PricewaterhouseCoopers           For       For          Management
      Auditores Independentes as the
      Independent Firm to Appraise Proposed
      Transactions
4     Approve Independent Firm's Appraisals   For       For          Management
5     Approve Acquisition of Eucalipto        For       For          Management
      Holding S.A. by the Company
6     Approve Issuance of Shares in           For       For          Management
      Connection with the Transaction
7     Amend Articles 5 and 12                 For       For          Management
8     In the Event of a Second Call, the      None      For          Management
      Voting Instructions Contained in this
      Remote Voting Card May Also be
      Considered for the Second Call?


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

SUZANO PAPEL E CELULOSE SA

Ticker:       SUZB3          Security ID:  P8T20U187
Meeting Date: APR 01, 2019   Meeting Type: Special
Record Date:

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Approve Agreement to Absorb Fibria      For       For          Management
      Celulose S.A.
2     Ratify PricewaterhouseCoopers           For       For          Management
      Auditores Independentes as the
      Independent Firm to Appraise Proposed
      Transaction
3     Approve Independent Firm's Appraisal    For       For          Management
4     Approve Absorption of Fibria Celulose   For       For          Management
      S.A.
5     Change Company Name to Suzano S.A. and  For       For          Management
      Amend Article 1 Accordingly
6     Amend Article 5 to Reflect Changes in   For       For          Management
      Capital
7     Amend Corporate Purpose and Amend       For       For          Management
      Article 4 Accordingly
8     Amend Articles                          For       For          Management
9     Remove Statutory Committees and Remove  For       For          Management
      Article 16 Accordingly
10    Install Audit Committee and Create      For       For          Management
      Article 25 Accordingly
11    Re-Ratify Remuneration of Company's     For       Against      Management
      Management and Fiscal Council


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

SUZANO PAPEL E CELULOSE SA

Ticker:       SUZB3          Security ID:  P8T20U187
Meeting Date: APR 18, 2019   Meeting Type: Annual
Record Date:

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Accept Management Statements for        For       Abstain      Management
      Fiscal Year Ended Dec. 31, 2018
2     Accept Financial Statements and         For       Abstain      Management
      Statutory Reports for Fiscal Year
      Ended Dec. 31, 2018
3     Approve Allocation of Income and        For       For          Management
      Dividends
4     Approve Remuneration of Company's       For       Against      Management
      Management and Fiscal Council
5     Designate Newspapers to Publish         For       For          Management
      Company Announcements
6     Do You Wish to Request Installation of  None      For          Management
      a Fiscal Council, Under the Terms of
      Article 161 of the Brazilian Corporate
      Law?


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

TERRAFINA

Ticker:       TERRA13        Security ID:  P2R51T187
Meeting Date: APR 10, 2019   Meeting Type: Annual
Record Date:  APR 02, 2019

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Approve Financial Statements            For       Abstain      Management
2     Approve Annual Report                   For       Abstain      Management
3.1   Ratify Alberto Chretin Castillo as      For       For          Management
      Technical Committee Member
3.2   Ratify Alfonso Munk Alba as Technical   For       For          Management
      Committee Member
3.3   Ratify Eduardo Solis Sanchez as         For       For          Management
      Technical Committee Member
3.4   Ratify Arturo D'Acosta Ruiz as          For       For          Management
      Technical Committee Member
3.5   Ratify Jose Luis Barraza Gonzalez as    For       For          Management
      Technical Committee Member
3.6   Ratify Victor David Almeida Garcia as   For       For          Management
      Technical Committee Member
3.7   Ratify Carmina Abad Sanchez as          For       For          Management
      Technical Committee Member
3.8   Ratify Julio Ignacio Cardenas Sarre as  For       For          Management
      Technical Committee Member
4     Authorize Board to Ratify and Execute   For       For          Management
      Approved Resolutions


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

VALE SA

Ticker:       VALE3          Security ID:  91912E105
Meeting Date: APR 30, 2019   Meeting Type: Annual/Special
Record Date:  MAR 27, 2019

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Amend Articles                          For       For          Management
1     Accept Financial Statements and         For       Abstain      Management
      Statutory Reports for Fiscal Year
      Ended Dec. 31, 2018
2     Approve Capital Budget and Allocation   For       For          Management
      of Income
27    Do You Wish to Adopt Cumulative Voting  None      For          Management
      for the Election of the Members of the
      Board of Directors, Under the Terms of
      Article 141 of the Brazilian Corporate
      Law?
28    Elect Directors                         For       For          Management
29    In Case There is Any Change to the      None      Against      Management
      Board Slate Composition, May Your
      Votes Still be Counted for the
      Proposed Slate?
30    In Case Cumulative Voting Is Adopted,   None      Against      Management
      Do You Wish to Equally Distribute Your
      Votes Among the Nominees?
31.1  Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Marcio Hamilton Ferreira as
      Director and Gilmar Dalilo Cezar
      Wanderley as Alternate
31.2  Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Marcel Juviniano Barros as
      Director and Marcia Fragoso Soares as
      Alternate
31.3  Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Jose Mauricio Pereira Coelho as
      Director and Arthur Prado Silva as
      Alternate
31.4  Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Marcelo Augusto Dutra Labuto as
      Director and Ivan Luiz Modesto Schara
      as Alternate
31.5  Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Oscar Augusto de Camargo Filho
      as Director and Yoshitomo Nishimitsu
      as Alternate
31.6  Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Toshiya Asahi as Director and
      Hugo Serrado Stoffel as Alternate
31.7  Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Fernando Jorge Buso Gomes as
      Director and Johan Albino Ribeiro as
      Alternate
31.8  Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Eduardo de Oliveira Rodrigues
      Filho as Director and Respective
      Alternate
31.9  Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Jose Luciano Duarte Penido as
      Director and Respective Alternate
31.10 Percentage of Votes to Be Assigned -    None      For          Management
      Elect Sandra Maria Guerra de Azevedo
      as Director and Respective Alternate
31.11 Percentage of Votes to Be Assigned -    None      For          Management
      Elect Isabella Saboya de Albuquerque
      as Director and Adriano Cives Seabra
      as Alternate
31.12 Percentage of Votes to Be Assigned -    None      Abstain      Management
      Elect Clarissa de Araujo Lins as
      Director and Respective Alternate
32    Elect Patricia Gracindo Marques de      None      Abstain      Shareholder
      Assis Bentes and Marcelo Gasparino da
      Silva as Board Members Appointed by
      Minority Shareholder
33    In Case Cumulative Voting Is Adopted,   None      Abstain      Management
      Do You Wish Distribute Your Full
      Position to the Above Nominee?
35    As an Ordinary Shareholder, Would You   None      Abstain      Management
      like to Request a Separate Minority
      Election of a Member of the Board of
      Directors, Under the Terms of Article
      141 of the Brazilian Corporate Law?
36    In Case Neither Class of Shares         None      Abstain      Management
      Reaches the Minimum Quorum Required by
      the Brazilian Corporate Law to Elect a
      Board Representative in Separate
      Elections, Would You Like to Use Your
      Votes to Elect the Candidate with More
      Votes to Represent Both Classes?
37    Elect Fiscal Council Members            For       Abstain      Management
38    In Case One of the Nominees Leaves the  None      Against      Management
      Fiscal Council Slate Due to a Separate
      Minority Election, as Allowed Under
      Articles 161 and 240 of the Brazilian
      Corporate Law, May Your Votes Still Be
      Counted for the Proposed Slate?
39    Elect Raphael Manhaes Martins as        None      For          Shareholder
      Fiscal Council Member and Gaspar
      Carreira Junior as Alternate Appointed
      by Minority Shareholder
40    Approve Remuneration of Company's       For       For          Management
      Management and Fiscal Council


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

YPF SA

Ticker:       YPFD           Security ID:  984245100
Meeting Date: APR 26, 2019   Meeting Type: Annual/Special
Record Date:  APR 01, 2019

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Designate Two Shareholders to Sign      For       For          Management
      Minutes of Meeting
2     Approve Exemption from Preemptive       For       For          Management
      Offer of Shares to Shareholders
      Pursuant to Article 67 of Law No.
      26,831 in Relation to Repurchase of
      Company's Shares Related to Creation
      of Long Term Compensation Plan
3     Consider Individual and Consolidated    For       Abstain      Management
      Financial Statements and Statutory
      Reports
4     Approve Allocation of Income;           For       For          Management
      Constitution of Reserves; Dividend
      Distribution
5     Approve Remuneration of Auditors for    For       For          Management
      FY 2018
6     Approve Auditors for FY 2019 and Fix    For       For          Management
      Their Remuneration
7     Consider Discharge of Directors and     For       For          Management
      Members of Internal Statutory Auditors
      Committee (Comision Fiscalizadora)
8     Approve Remuneration of Directors       For       For          Management
9     Approve Remuneration of Internal        For       For          Management
      Statutory Auditors Committee (Comision
      Fiscalizadora)
10    Fix Number of Members of Internal       For       For          Management
      Statutory Auditors Committee (Comision
      Fiscalizadora) and Alternates
11    Elect One Member of Internal Statutory  None      None         Management
      Auditors Committee (Comision
      Fiscalizadora) and Alternate for Class
      A Shares
12    Elect One Member of Internal Statutory  For       For          Management
      Auditors Committee (Comision
      Fiscalizadora) and Alternate for Class
      D Shares
13    Fix Number of Directors and Alternates  For       For          Management
14    Elect One Director and Alternate for    None      None         Management
      Class A Shares and Determination of
      their Tenure
15    Elect Directors and Their Alternates    For       For          Management
      for Class D Shares and Determination
      of their Tenure
16    Authorize Remuneration of Directors     For       For          Management
      and Members of Internal Statutory
      Auditors Committee (Comision
      Fiscalizadora) for FY 2019
17    Consider Absorption of Bajo del Toro I  For       For          Management
      SRL and Bajo del Toro II SRL
18    Consider Absorption Balance Sheet of    For       For          Management
      YPF SA and Consolidated Balance Sheet
      of YPF SA, Bajo del Toro I SRL and
      Bajo del Toro II SRL
19    Consider Preliminary Absorption         For       For          Management
      Agreement and Absorption Prospectus
20    Authorize to Sign Definitive Agreement  For       For          Management
      of Absorption in Name and
      Representation of Company

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


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.

 

BlackRock Latin America Fund, Inc.
By:  

/s/ John Perlowski

  John Perlowski
  Chief Executive Officer of
  BlackRock Latin America Fund, Inc.
Date:   August 29, 2019