UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT
INVESTMENT COMPANY
Investment Company Act File No. 811-22039
First Trust Specialty Finance and
Financial Opportunities Fund
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Exact Name of Registrant as Specified in Declaration of Trust
120 East Liberty Drive, Suite 400, Wheaton, Illinois 60187
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Address of Principal Executive Offices (Number, Street, City, State, Zip Code)
W. Scott Jardine
First Trust Portfolios L.P.
120 East Liberty Drive, Suite 400
Wheaton, Illinois 60187
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Name and Address (Number, Street, City, State, Zip Code) of Agent for Service
(630) 765-8000
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Registrant's Telephone Number, including Area Code
Date of fiscal year end: November 30
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Date of reporting period: July 1, 2010 - June 30, 2011
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Form N-PX is to be used by a registered management investment company, other
than a small business investment company registered on Form N-5 (ss.ss. 239.24
and 274.5 of this chapter), to file reports with the Commission, not later than
August 31 of each year, containing the registrant's proxy voting record for the
most recent twelve-month period ended June 30, pursuant to section 30 of the
Investment Company Act of 1940 and rule 30b1-4 thereunder (17 CFR 270.30b1-4).
The Commission may use the information provided on Form N-PX in its regulatory,
disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-PX, and
the Commission will make this information public. A registrant is not required
to respond to the collection of information contained in Form N-PX unless the
Form displays a currently valid Office of Management and Budget ("OMB") control
number. Please direct comments concerning the accuracy of the information
collection burden estimate and any suggestions for reducing the burden to the
Secretary, Securities and Exchange Commission, 100 F Street, N.E., Washington
D.C. 20549. The OMB has reviewed this collection of information under the
clearance requirements of 44 U.S.C. Section 3507.
Item 1. Proxy Voting Record
7/1/10-6/30/11
COMPANY NAME MEETING DATE CUSIP TICKER
Kohlberg Capital 22-Jul-10 500233-101 KCAP
Corporation
VOTE MANAGEMENT PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER
FOR/AGAINST OR SECURITY HOLDER
Echo Voted -- For For 1.1) Elect C. Turney Stevens as director for term ending 2013 Issuer
Echo Voted -- For For 1.2) Elect Gary Cademartori as director for term ending 2013 Issuer
Echo Voted -- For For 2) Ratify the selection of Grant Thornton LLP as independent Issuer
registered public accounting firm
COMPANY NAME MEETING DATE CUSIP TICKER
Apollo Investment 3-Aug-10 03761U-106 AINV
Corporation
VOTE MANAGEMENT PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER
FOR/AGAINST OR SECURITY HOLDER
Echo Voted -- For For 1.1) Elect Elliott Stein, Jr. as director for term ending 2013 Issuer
Echo Voted -- For For 1.2) Elect Bradley Wechsler as director for term ending 2013 Issuer
Echo Voted -- For For 2) Ratify the selection of PwC (PricewaterhouseCoopers LLP) as the Issuer
independent registered public accounting firm.
Echo Voted -- For For 3) Authorize flexibility for the company, with the approval of its
Board of Directors, to sell shares of its common stock (during the
next 12 months) at a price below its then current net asset value per
share subject to certain limitations (including that the cumulative
number of shares sold pursuant to such authority does not exceed 25%
of its then outstanding common stock immediately prior to each such
sale)
COMPANY NAME MEETING DATE CUSIP TICKER
Gladstone Investment 5-Aug-10 376546-107 GAIN
Corporation
VOTE MANAGEMENT PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER
FOR/AGAINST OR SECURITY HOLDER
Echo Voted -- For For 1.1) Elect Paul Adelgren as director for term ending 2013 Issuer
Echo Voted -- For For 1.2) Elect John Outland as director for term ending 2013 Issuer
Echo Voted -- For For 1.3) Elect David Gladstone (Chairman & CEO) as director for term Issuer
ending 2013
Echo Voted -- For For 2) Authorize the company to sell shares of its common stock at a price Issuer
below our then-current net asset value per share
Echo Voted -- For For 3) Ratify the selection of PwC (PricewaterhouseCoopers LLP) as the Issuer
independent registered public accounting firm.
COMPANY NAME MEETING DATE CUSIP TICKER
Medical Action 12-Aug-10 58449L-100 MDCI
Industries Inc.
VOTE MANAGEMENT PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER
FOR/AGAINST OR SECURITY HOLDER
Echo Voted -- For For 1.1) Elect Paul Meringolo (Chairman & CEO) as director for term Issuer
ending 2013
Echo Voted -- For For 1.2) Elect Kenneth Newsome as director for term ending 2013 Issuer
Echo Voted -- For For 2) Ratify the selection of Grant Thornton LLP as independent Issuer
registered public accounting firm
COMPANY NAME MEETING DATE CUSIP TICKER
Prospect Capital Copr. 10-Dec-10 74348T-102 PSEC
VOTE MANAGEMENT PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER
FOR/AGAINST OR SECURITY HOLDER
Echo Voted -- For For 1.1) Elect William Gremp as director Issuer
Echo Voted -- For For 1.2) Elect John Berry III as director Issuer
Echo Voted -- For For 1.3) Elect Eugene Starl as director Issuer
Echo Voted -- For For 2) Ratify the selection of BDO USA, LLP (formerly BDO Seidman, LLP) Issuer
as the Company's independent registered public accounting firm.
Echo Voted -- For For 3) Approve a proposal to authorize the Company, with approval of its
Issuer Board of Directors, to sell shares of its common stock at a
price or prices below the Company's then current net asset value per
share in one or more offerings.
COMPANY NAME MEETING DATE CUSIP TICKER
PennantPark Investment 1-Feb-11 708062-104 PNNT
Corp.
VOTE MANAGEMENT PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER
FOR/AGAINST OR SECURITY HOLDER
Echo Voted -- For For 1.1) Elect Marshall Brozost as director Issuer
Echo Voted -- For For 1.2) Elect Samuel Katz as director Issuer
Echo Voted -- For For 2) Ratify the selection of KPMG LLP as the independent registered Issuer
public accounting firm.
Echo Voted -- For For 3) Consider and vote upon a proposal to authorize flexibility, with
the Issuer approval of Board of Directors, to sell shares of common
stock (during the next 12 months) at a price below the then current
net asset value per share, subject to certain limitations described in
the proxy statement.
COMPANY NAME MEETING DATE CUSIP TICKER
Golub Capital BDC, Inc. 8-Feb-11 38173M-102 GBDC
VOTE MANAGEMENT PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER
FOR/AGAINST OR SECURITY HOLDER
Echo Voted -- For For 1) Elect David Golub as director Issuer
Echo Voted -- For For 2) Ratify the selection of McGladrey & Pullen, LLP to serve as the Issuer
Company's independent registered public accounting firm for the
fiscal year ending September 30, 2011.
COMPANY NAME MEETING DATE CUSIP TICKER
Gladstone Capital Corp. 17-Feb-11 376535-100 GLAD
VOTE MANAGEMENT PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER
FOR/AGAINST OR SECURITY HOLDER
1) Elect directors: Issuer
Echo Voted -- For For .1) Michela English Issuer
Echo Voted -- For For .2) Anthony Parker Issuer
Echo Voted -- For For .3) George Stelljes III (CIO) Issuer
Echo Voted -- For For 2) Approve proposal of board to issue and sell shares of our common Issuer
stock at price below its current Net Asset Value
Echo Voted -- For For 3) Ratify audit committee to select PriceWaterHouseCoopers as Issuer
independent public accounting firm
COMPANY NAME MEETING DATE CUSIP TICKER
MVC Capital, Inc. 10-Mar-11 553829-102 MVC
VOTE MANAGEMENT PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER
FOR/AGAINST OR SECURITY HOLDER
1) Elect directors:
Echo Voted -- For For .1) Emilio Dominianni Issuer
Echo Voted -- For For .2) Gerald Hellerman Issuer
Echo Voted -- For For .3) Robert Knapp Issuer
Echo Voted -- For For .4) William Taylor Issuer
Echo Voted -- For For .5) Warren Holtsberg (interested director) Issuer
Echo Voted -- For For .6) Michael Tokarz (Chairman) Issuer
Echo Voted -- For For 2) Ratify the selection of Ernst & Young LLP as the independent Issuer
registered public accounting firm.
COMPANY NAME MEETING DATE CUSIP TICKER
Fifth Street Finance 25-Mar-11 31678A-103 FSC
Corp.
VOTE MANAGEMENT PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER
FOR/AGAINST OR SECURITY HOLDER
unvoted -- Echo Vote For 1.1) Elect Brian Dunn as director Issuer
requested, not
implemented
unvoted -- Echo Vote For 1.2) Elect Byron Haney as director Issuer
requested, not
implemented
unvoted -- Echo Vote For 2) Ratify the selection of PwC (PricewaterhouseCoopers LLP) as the Issuer
requested, not independent registered public accounting firm.
implemented
unvoted -- Echo Vote For 3) Approve Company authorization to issue warrants, options or rights Issuer
requested, not to subscribe to, convert to, or purchase the Company's common stock
implemented in one or more offerings.
Page 1
COMPANY NAME MEETING DATE CUSIP TICKER
Berkshire Hathaway 30-Apr-11 084670-108 BRKA
VOTE MANAGEMENT PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER
FOR/AGAINST OR SECURITY HOLDER
Echo Voted -- For For 1.1) Elect Warren Buffett (Chairman & CEO) as director Issuer
Echo Voted -- For For 1.2) Elect Howard Buffett as director Issuer
Echo Voted -- For For 1.3) Elect Stephen Burke as director Issuer
Echo Voted -- For For 1.4) Elect Susan Decker as director Issuer
Echo Voted -- For For 1.5) Elect William Gates III as director Issuer
Echo Voted -- For For 1.6) Elect David Gottesman as director Issuer
Echo Voted -- For For 1.7) Elect Charlotte Guyman as director Issuer
Echo Voted -- For For 1.8) Elect Donald Keough as director Issuer
Echo Voted -- For For 1.9) Elect Charles Munger (Vice Chairman) as director Issuer
Echo Voted -- For For 1.10) Elect Thomas Murphy as director Issuer
Echo Voted -- For For 1.11) Elect Ronald Olson as director Issuer
Echo Voted -- For For 1.12) Elect Walter Scott, Jr. as director Issuer
Echo Voted -- For For 2) Approve, on an advisory basis, the compensation of named executive Issuer
officers, as disclosed in the company's Proxy Statement for the 2011
Annual Meeting of Shareholders pursuant to the compensation
disclosure rules of the Securities and Exchange Commission.
Echo Voted -- 3 years 3 years 3) Select the preferred voting frequency -- one year, two years, Issuer
three years or abstain -- as to when the company shall hold a
shareholder vote to approve the compensation of the named executive
officers
Echo Voted -- Against Against 4) Establish quantitative goals for the reduction of greenhouse gas Shareholder
and other air emissions at its energy-generating holdings
COMPANY NAME MEETING DATE CUSIP TICKER
Hatteras Financial 4-May-11 41902R-103 HTS
Corp.
VOTE MANAGEMENT PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER
FOR/AGAINST OR SECURITY HOLDER
Echo Voted -- For For 1.1) Elect Michael Hough (Chairman & CEO) as director Issuer
Echo Voted -- For For 1.2) Elect Benjamin Hough (President & COO) as director Issuer
Echo Voted -- For For 1.3) Elect David Berson as director Issuer
Echo Voted -- For For 1.4) Elect Ira Kawaller as director Issuer
Echo Voted -- For For 1.5) Elect Jeffrey Miller as director Issuer
Echo Voted -- For For 1.6) Elect Thomas Wren as director Issuer
Echo Voted -- For For 2) Ratify the selection of Ernst & Young LLP as the independent Issuer
registered public accounting firm.
Echo Voted -- For For 3) Approve, on an advisory basis, the compensation of named executive Issuer
officers, as disclosed in the company's Proxy Statement for the 2011
Annual Meeting of Shareholders pursuant to the compensation
disclosure rules of the Securities and Exchange Commission.
Echo Voted -- 1 year 3 years 4) Select the preferred voting frequency -- one year, two years, three Issuer
years or abstain -- as to when the company shall hold a shareholder
vote to approve the compensation of the named executive officers
COMPANY NAME MEETING DATE CUSIP TICKER
Gladstone Commercial 5-May-11 376536-108 GOOD
Corporation
VOTE MANAGEMENT PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER
FOR/AGAINST OR SECURITY HOLDER
For For 1.1) Elect Michela English as director Issuer
For For 1.2) Elect Anthony Parker as director Issuer
For For 1.3) Elect George Stelljes III as director Issuer
For For 2) Ratify the selection of PwC (PricewaterhouseCoopers LLP) as the Issuer
independent registered public accounting firm.
COMPANY NAME MEETING DATE CUSIP TICKER
Horizon Technology 5-May-11 44045A-102 HRZN
Finance Corporation
VOTE MANAGEMENT PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER
FOR/AGAINST OR SECURITY HOLDER
Echo Voted -- For For 1.1) Elect David Swanson as director for a term ending 2014 Issuer
Echo Voted -- For For 1.2) Elect James Bottiglieri as director for a term ending 2014 Issuer
Echo Voted -- For For 2) Ratify the selection of McGladrey & Pullen, LLP as the independent Issuer
registered public accounting firm.
Echo Voted -- For For 3) Authorize flexibility, with approval of Board of Directors, to Issuer
sell shares of common stock (during the next 12 months) at a price
below the then current net asset value per share, subject to certain
limitations described in the proxy statement.
COMPANY NAME MEETING DATE CUSIP TICKER
BlackRock Kelso 9-May-11 092533-108 BKCC
Capital Corporation
VOTE MANAGEMENT PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER
FOR/AGAINST OR SECURITY HOLDER
Echo Voted -- For For 1) Elect Jerrold Harris as director for a term ending 2014 Issuer
Echo Voted -- For For 2) Authorize flexibility for the Company, with approval of Issuer
the Board of Directors, to sell or otherwise issue shares of its
common stock at a price below the Company's then current net asset
value per share in one or more offerings, subject to certain
limitations set forth in the proxy statement.
Echo Voted -- For For 3) Authorize the Company, with approval of the Board of Directors, Issuer
to issue warrants, options or rights to subscribe to, convert to, or
purchase shares of the Company's common stock in one or more
offerings.
Echo Voted -- For For 4) Ratify the selection of Deloitte & Touche LLP as independent Issuer
registered public accounting firm
COMPANY NAME MEETING DATE CUSIP TICKER
Markel 9-May-11 570535-104 MKL
VOTE MANAGEMENT PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER
FOR/AGAINST OR SECURITY HOLDER
Echo Voted -- For For 1.1) Elect J. Alfred Broaddus, Jr. as director Issuer
Echo Voted -- For For 1.2) Elect Douglas Eby as director Issuer
Echo Voted -- For For 1.3) Elect Stewart Kasen as director Issuer
Echo Voted -- For For 1.4) Elect Alan Kirshner (Chairman & CEO) as director Issuer
Echo Voted -- For For 1.5) Elect Lemuel Lewis as director Issuer
Echo Voted -- For For 1.6) Elect Darrell Martin as director Issuer
Echo Voted -- For For 1.7) Elect Anthony Markel (Vice-Chairman & ex-COO) as director
Echo Voted -- For For 1.8) Elect Steven Markel (Vice Chairman) as director
Echo Voted -- For For 1.9) Elect Jay Weinberg as director Issuer
Echo Voted -- For For 1.10) Elect Debora Wilson as director Issuer
Echo Voted -- For For 2) Approve, on an advisory basis, the compensation of named executive Issuer
officers, as disclosed in the company's Proxy Statement for the 2011
Annual Meeting of Shareholders pursuant to the compensation
disclosure rules of the Securities and Exchange Commission.
Echo Voted -- 2 years 3 years 3) Select the preferred voting frequency -- one year, two years, Issuer
three years or abstain -- as to when the company shall hold a
shareholder vote to approve the compensation of the named executive
officers.
Echo Voted -- For For 4) Ratify the selection of KPMG LLP as the independent registered Issuer
public accounting firm.
COMPANY NAME MEETING DATE CUSIP TICKER
Cypress Sharpridge 11-May-11 23281A-307 CYS
Investments
VOTE MANAGEMENT PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER
FOR/AGAINST OR SECURITY HOLDER
Echo Voted -- For For 1.1) Elect Kevin Grant (Chairman & CEO) as director Issuer
Echo Voted -- For For 1.2) Elect Douglas Crocker II as director Issuer
Echo Voted -- For For 1.3) Elect Jeffrey Hughes (Vice-Chairman of Cypress) as director Issuer
Echo Voted -- For For 1.4) Elect Stephen Jonas as director Issuer
Echo Voted -- For For 1.5) Elect Raymond Redlingshafer Jr. as director Issuer
Echo Voted -- For For 1.6) Elect James Stern as director Issuer
Echo Voted -- For For 1.7) Elect David Tyson, Ph.D. as director Issuer
Echo Voted -- For For 2) Ratify the selection of Deloitte & Touche LLP as independent Issuer
registered public accounting firm
Page 2
COMPANY NAME MEETING DATE CUSIP TICKER
NGP Capital Resources 11-May-11 62912R-107 NGPC
Company
VOTE MANAGEMENT PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER
FOR/AGAINST OR SECURITY HOLDER
Echo Voted -- For For 1.1) Elect Edward Blessing as director for a term ending 2014 Issuer
Echo Voted -- For For 2) Ratify the selection of PwC (PricewaterhouseCoopers LLP) as the Issuer
independent registered public accounting firm.
Echo Voted -- For For 3) Adjourn the annual meeting, if necessary, to solicit additional Issuer
proxies if there are not sufficient votes to approve items #1 & #2
COMPANY NAME MEETING DATE CUSIP TICKER
W.R. Berkley 17-May-11 084423-102 WRB
VOTE MANAGEMENT PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER
FOR/AGAINST OR SECURITY HOLDER
Echo Voted -- For For 1.1) Elect Rodney Hawes, Jr. as director Issuer
Echo Voted -- For For 1.2) Elect Jack Nusbaum as director for a term ending 2014 Issuer
Echo Voted -- For For 1.3) Elect Mark Shapiro as director for a term ending 2014 Issuer
Echo Voted -- For For 2) Approve, on an advisory basis, the compensation of named executive Issuer
officers, as disclosed in the company's Proxy Statement for the 2011
Annual Meeting of Shareholders pursuant to the compensation
disclosure rules of the Securities and Exchange Commission.
Echo Voted -- 2 years 3 years 3) Select the preferred voting frequency -- one year, two years, Issuer
three years or abstain -- as to when the company shall hold a
shareholder vote to approve the compensation of the named executive
officers.
Echo Voted -- For For 4) Ratify the selection of KPMG LLP as the independent registered Issuer
public accounting firm.
COMPANY NAME MEETING DATE CUSIP TICKER
Compass Diversified 19-May-11 20451Q-104 CODI
Holdings
VOTE MANAGEMENT PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER
FOR/AGAINST OR SECURITY HOLDER
Echo Voted -- For For 1.1) Elect James Bottiglieri (CFO) as director for a term ending 2014 Issuer
Echo Voted -- For For 1.2) Elect Gordon Burns as director for a term ending 2014 Issuer
Echo Voted -- For For 2) Approve, on an advisory basis, the compensation of named executive Issuer
officers, as disclosed in the company's Proxy Statement for the 2011
Annual Meeting of Shareholders pursuant to the compensation
disclosure rules of the Securities and Exchange Commission.
Echo Voted -- 1 year 2 years 3) Select the preferred voting frequency -- year, two years, Issuer
three years or abstain -- as to when the company shall hold a
shareholder vote to approve the compensation of the named executive
officers.
Echo Voted -- For For 4) Ratify the selection of Grant Thornton LLP as independent registered Issuer
public accounting firm
COMPANY NAME MEETING DATE CUSIP TICKER
Fidelity National 25-May-11 31620R-105 FNF
Financial
VOTE MANAGEMENT PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER
FOR/AGAINST OR SECURITY HOLDER
Echo Voted -- For For 1.1) Elect William Foley, II (Chairman & ex-CEO) as director for a Issuer
term ending 2014
Echo Voted -- For For 1.2) Elect Douglas Ammerman as director for a term ending 2014 Issuer
Echo Voted -- For For 1.3) Elect Thomas Hagerty as director for a term ending 2014 Issuer
Echo Voted -- For For 1.4) Elect Peter Shea, Jr. as director for a term ending 2014 Issuer
Echo Voted -- For For 2) Approve an amendment and restatement of the Fidelity National Issuer
Financial, Inc. Amended and Restated 2005 Omnibus Incentive Plan.
Echo Voted -- For For 3) Approve the material terms of the Fidelity National Financial, Inc. Issuer
Annual Incentive Plan in order for such plan to grant awards that can
qualify as performance-based compensation for purposes of Section
162(M) of the Internal Revenue Code.
Echo Voted -- For For 4) Approve, on an advisory basis, the compensation of named executive Issuer
officers, as disclosed in the company's Proxy Statement for the 2011
Annual Meeting of Shareholders pursuant to the compensation disclosure
rules of the Securities and Exchange Commission.
Echo Voted -- 1 year 1 year 5) Select the preferred voting frequency -- one year, two years, Issuer
three years or abstain -- as to when the company shall hold a
shareholder vote to approve the compensation of the named executive
officers.
Echo Voted -- For For 6) Ratify the selection of KPMG LLP as the independent registered Issuer
public accounting firm.
COMPANY NAME MEETING DATE CUSIP TICKER
Annaly Capital 26-May-11 035710-409 NLY
Management, Inc.
VOTE MANAGEMENT PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER
FOR/AGAINST OR SECURITY HOLDER
Echo Voted -- For For 1.1) Elect Michael Farrell (Chairman, President, & CEO) as director Issuer
for a term ending 2014
Echo Voted -- For For 1.2) Elect Jonathan Green as director for a term ending 2014 Issuer
Echo Voted -- For For 1.3) Elect John Lambiase as director for a term ending 2014 Issuer
Echo Voted -- For For 2) Amend the charter to increase the number of authorized shares to Issuer
2,000,000,000 shares.
Echo Voted -- For For 3) Approve, on an advisory basis, the compensation of named executive Issuer
officers, as disclosed in the company's Proxy Statement for the 2011
Annual Meeting of Shareholders pursuant to the compensation
disclosure rules of the Securities and Exchange Commission.
Echo Voted -- 1 year 3 years 4) Select the preferred voting frequency -- one year, two years, Issuer
three years or abstain -- as to when the company shall hold a
shareholder vote to approve the compensation of the named executive
officers.
Echo Voted -- For For 5) Ratify the selection of Deloitte & Touche LLP as independent Issuer
registered public accounting firm
COMPANY NAME MEETING DATE CUSIP TICKER
NorthStar Realty 26-May-11 66704R-100 NRF
Finance Corp.
VOTE MANAGEMENT PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER
FOR/AGAINST OR SECURITY HOLDER
Echo Voted -- For For 1.1) Elect C. Preston Butcher as director Issuer
Echo Voted -- For For 1.2) Elect Stephen Cummings as director Issuer
Echo Voted -- For For 1.3) Elect David Hamamoto (Chairman & CEO) as director Issuer
Echo Voted -- For For 1.4) Elect Judith Hannaway as director Issuer
Echo Voted -- For For 1.5) Elect Oscar Junquera as director Issuer
Echo Voted -- For For 1.6) Elect Wesley Minami as director Issuer
Echo Voted -- For For 1.7) Elect Louis Paglia as director Issuer
Echo Voted -- For For 1.8) Elect Sridhar Sambamurthy as director Issuer
Echo Voted -- For For 2) Ratify the selection of Grant Thornton LLP as independent Issuer
registered public accounting firm
Echo Voted -- For For 3) Approve, on an advisory basis, the compensation of named executive Issuer
officers, as disclosed in the company's Proxy Statement for the 2011
Annual Meeting of Shareholders pursuant to the compensation
disclosure rules of the Securities and Exchange Commission.
Echo Voted -- 1 year 1 year 4) Select the preferred voting frequency -- one year, two years, Issuer
three years or abstain -- as to when the company shall hold a
shareholder vote to approve the compensation of the named executive
officers.
Page 3
COMPANY NAME MEETING DATE CUSIP TICKER
Hercules Technology 1-Jun-11 427096-508 HTGC
Growth Capital, Inc.
VOTE MANAGEMENT PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER
FOR/AGAINST OR SECURITY HOLDER
unvoted -- Echo Vote For 1.1) Elect Robert Badavas as director for a term ending 2014 Issuer
requested, not
implemented
unvoted -- Echo Vote For 1.2) Elect Joseph Chow as director for a term ending 2014 Issuer
requested, not
implemented
unvoted -- Echo Vote For 2) Ratify the selection of PwC (PricewaterhouseCoopers LLP) as the Issuer
requested, not independent registered public accounting firm.
implemented
unvoted -- Echo Vote For 3) Approve, on an advisory basis, the compensation of named executive Issuer
requested, not officers, as disclosed in the company's Proxy Statement for the 2011
implemented Annual Meeting of Shareholders pursuant to the compensation
disclosure rules of the Securities and Exchange Commission.
unvoted -- Echo Vote 1 year 4) Select the preferred voting frequency -- one year, two years, three Issuer
requested, not years or abstain -- as to when the company shall hold a shareholder
implemented vote to approve the compensation of the named executive officers.
unvoted -- Echo Vote For 5) Authorize the Company, with approval of the board of directors, to Issuer
requested, not sell or otherwise issue up to 20% of the Company's outstanding common
implemented stock at a price below the Company's then current net asset value per
share
unvoted -- Echo Vote For 6) Authorize the Company, with approval of the board of directors, to Issuer
requested, not offer and issue debt with warrants or debt convertible into shares of
implemented its common stock at an exercise or conversion price that, at the time
such warrants or convertible debt are issued, will not be less than the
fair market value per share but may be below the Company's then current
NAV per share.
unvoted -- Echo Vote For 7) Approve an amendment to the Company's 2004 Equity Incentive Plan to Issuer
requested, not increase the number of shares authorized for issuance.
implemented
COMPANY NAME MEETING DATE CUSIP TICKER
MCG Capital Corporation 1-Jun-11 58047P-107 MCGC
VOTE MANAGEMENT PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER
FOR/AGAINST OR SECURITY HOLDER
unvoted -- Echo Vote For 1.1) Elect Wallace Millner, III (ex-Chairman) as director for a term Issuer
requested, not ending 2014
implemented
unvoted -- Echo Vote For 1.2) Elect Richard Neu (Chairman) as director for a term ending 2014 Issuer
requested, not
implemented
unvoted -- Echo Vote For 1.3) Elect B. Hagen Saville as director for a term ending 2014 Issuer
requested, not
implemented
unvoted -- Echo Vote For 2) Ratify the selection of Ernst & Young LLP as the independent Issuer
requested, not registered public accounting firm.
implemented
unvoted -- Echo Vote For 3) Approve, on an advisory basis, the compensation of named executive Issuer
requested, not officers, as disclosed in the company's Proxy Statement for the 2011
implemented Annual Meeting of Shareholders pursuant to the compensation
disclosure rules of the Securities and Exchange Commission.
unvoted -- Echo Vote 1 year 4) Select the preferred voting frequency -- one year, two years, three Issuer
requested, not years or abstain -- as to when the company shall hold a shareholder
implemented vote to approve the compensation of the named executive officers.
COMPANY NAME MEETING DATE CUSIP TICKER
Ares Capital 6-Jun-11 04010L-103 ARCC
Corporation
VOTE MANAGEMENT PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER
FOR/AGAINST OR SECURITY HOLDER
Echo Voted -- For For 1.1) Elect Michael Arougheti (President) as director for a term Issuer
ending 2014
Echo Voted -- For For 1.2) Elect Ann Torre Bates as director for a term ending 2014 Issuer
Echo Voted -- For For 1.3) Elect Kenneth Heitz as director for a term ending 2014 Issuer
Echo Voted -- For For 2) Ratify the selection of KPMG LLP as the independent registered Issuer
public accounting firm.
Echo Voted -- For For 3) Authorize the company to sell or otherwise issue shares of common Issuer
stock at a price below its then current net asset value per share
subject to the limitations, including that the number of shares issued
do not exceed 25% of its then outstanding common stock.
Echo Voted -- For For 4) Authorize the Company to amend its Investment Advisory and Issuer
Management Agreement between the Company and Ares Capital Management
LLC pursuant to the hurdle amendment.
Echo Voted -- For For 5) Authorize the Company to amend its Investment Advisory and Issuer
Management Agreement between the Company and Ares Capital Management
LLC pursuant to the capital gains amendment.
COMPANY NAME MEETING DATE CUSIP TICKER
TICC Capital Corp. 7-Jun-11 87244T-109 TICC
VOTE MANAGEMENT PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER
FOR/AGAINST OR SECURITY HOLDER
Echo Voted -- For For 1.1) Elect Charles Royce (Chairman) as director for a term ending 2014 Issuer
Echo Voted -- For For 1.2) Elect Steven Novak as director for a term ending 2014 Issuer
Echo Voted -- For For 2) Ratify the selection of PwC (PricewaterhouseCoopers LLP) as the Issuer
independent registered public accounting firm.
Echo Voted -- For For 3) Authorize the company to issue securities to subscribe to, convert Issuer
to, or purchase shares of its common stock in one or more offerings.
Echo Voted -- For For 4) Approve a new Investment Advisory Agreement by and between TICC Issuer
Capital Corp. and TICC Management, LLC, on terms identical to the
current Investment Advisory Agreement, except for the date of
execution, under which TICC Management, LLC will continue to act as
investment advisor to TICC Capital Corp.
COMPANY NAME MEETING DATE CUSIP TICKER
Solar Capital Ltd. 9-Jun-11 83413U-100 SLRC
VOTE MANAGEMENT PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER
FOR/AGAINST OR SECURITY HOLDER
Echo Voted -- For For 1.1) Elect Bruce Spohler (COO) as director for a term ending 2014 Issuer
Echo Voted -- For For 1.2) Elect Steven Hochberg as director for a term ending 2014 Issuer
Echo Voted -- For For 2) Ratify the selection of KPMG LLP as the independent registered Issuer
public accounting firm.
Echo Voted -- For For 3) Authorize Company, with approval of its board of directors, to Issuer
sell shares of its common stock at a price or prices below the
then-current net asset value per share in one or more offerings.
Echo Voted -- Against For 4) Authorize Company to issue securities to subscribe to, convert to, Issuer
or purchase shares of its common stock in one or more offerings.
COMPANY NAME MEETING DATE CUSIP TICKER
THL Credit, Inc. 9-Jun-11 872438-106 TCRD
VOTE MANAGEMENT PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER
FOR/AGAINST OR SECURITY HOLDER
Echo Voted -- For For 1.1) Elect David Downes as director for a term ending 2014 Issuer
Echo Voted -- For For 1.2) Elect Nancy Hawthorne as director for a term ending 2014 Issuer
Echo Voted -- For For 2) Ratify the selection of PwC (PricewaterhouseCoopers LLP) as the Issuer
independent registered public accounting firm.
Echo Voted -- For For 3) Authorize the Company to sell or otherwise issue up to 20% of the Issuer
Company's outstanding common stock at a price below the Company's
then current NAV.
Echo Voted -- For For 4) Authorize the Company to issue warrants, options or rights to Issuer
subscribe to, convert to, or purchase common stock in one or more
offerings.
COMPANY NAME MEETING DATE CUSIP TICKER
Kohlberg Capital 10-Jun-11 500233-101 KCAP
Corporation
VOTE MANAGEMENT PROPOSALS AT "SPECIAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER
FOR/AGAINST OR SECURITY HOLDER
Echo Voted -- For For 1.1) Elect Albert Pastino as director Issuer
Echo Voted -- For For 1.2) Elect C. Michael Jacobi as director Issuer
Echo Voted -- For For 1.3) Elect Samuel Frieder as director Issuer
Echo Voted -- For For 2) Approve the Company's amended and restated non-employee director Issuer
plan.
Echo Voted -- For For 2) Approve, on an advisory basis, the compensation of named executive Issuer
officers, as disclosed in the company's Proxy Statement for the 2011
Annual Meeting of Shareholders pursuant to the compensation
disclosure rules of the Securities and Exchange Commission.
Echo Voted -- 1 year 1 year 3) Select the preferred voting frequency -- one year, two years, Issuer
three years or abstain -- as to when the company shall hold a
shareholder vote to approve the compensation of the named executive
officers.
Echo Voted -- For For 2) Ratify the selection of Grant Thornton LLP as independent Issuer
registered public accounting firm
Page 4
COMPANY NAME MEETING DATE CUSIP TICKER
Kohlberg Capital 10-Jun-11 500233-101 KCAP
Corporation
VOTE MANAGEMENT PROPOSALS AT "SPECIAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER
FOR/AGAINST OR SECURITY HOLDER
Echo Voted -- For For 1) Approve a proposal to authorize the Company, with approval of its Issuer
board of directors, to sell shares of its common stock, par value
$0.01 per share, or warrants, options or rights to acquire such common
stock at a price below the then current net asset value per share of
such common stock, subject to certain limitations described in the
proxy statement.
COMPANY NAME MEETING DATE CUSIP TICKER
Triangle Capital 13-Jun-11 895848-109 TCAP
Corporation
VOTE MANAGEMENT PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER
FOR/AGAINST OR SECURITY HOLDER
Echo Voted -- For For 1.1) Elect Garland Tucker, III (Chairman, CEO, & President) as Issuer
director
Echo Voted -- For For 1.2) Elect Brent Burgess as director Issuer
Echo Voted -- For For 1.3) Elect Stephen Lilly as director Issuer
Echo Voted -- For For 1.4) Elect W. McComb Dunwoody as director Issuer
Echo Voted -- For For 1.5) Elect Mark Gambill as director Issuer
Echo Voted -- For For 1.6) Elect Benjamin Goldstein as director Issuer
Echo Voted -- For For 1.7) Elect Simon Rich, Jr. as director Issuer
Echo Voted -- For For 1.8) Elect Sherwood Smith, Jr. as director Issuer
Echo Voted -- For For 2) Approve a proposal to authorize the Company, pursuant to approval Issuer
of its board of directors, to sell shares of its common stock during
the next year at a price below the Company's then current net asset
value (i.e., book value) per share.
Echo Voted -- For For 3) Approve a proposal to offer and issue debt securities or preferred Issuer
stock convertible into shares of our common stock.
Echo Voted -- For For 4) Ratify the selection of Ernst & Young LLP as the independent Issuer
registered public accounting firm.
Echo Voted -- For For 5) Approve, on an advisory basis, the compensation of named executive Issuer
officers, as disclosed in the company's Proxy Statement for the 2011
Annual Meeting of Shareholders pursuant to the compensation disclosure
rules of the Securities and Exchange Commission.
Echo Voted -- 3 years 3 years 5) Select the preferred voting frequency -- one year, two years, Issuer
three years or abstain -- as to when the company shall hold a
shareholder vote to approve the compensation of the named executive
officers.
COMPANY NAME MEETING DATE CUSIP TICKER
Main Street Capital 15-Jun-11 56035L-104 MAIN
Corporation
VOTE MANAGEMENT PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER
FOR/AGAINST OR SECURITY HOLDER
Echo Voted -- For For 1.1) Elect Michael Appling Jr. as director Issuer
Echo Voted -- For For 1.2) Elect Joseph Canon as director Issuer
Echo Voted -- For For 1.3) Elect Arthur French as director Issuer
Echo Voted -- For For 1.4) Elect William Gutermuth as director Issuer
Echo Voted -- For For 1.5) Elect Vincent Foster (Chairman & CEO) as director Issuer
Echo Voted -- For For 1.6) Elect Todd Reppert (President & CFO) as director Issuer
Echo Voted -- For For 2) Authorize the company to sell shares of its common stock during Issuer
the next 12 months at a price below the then-current net asset value
(NAV) per share
Echo Voted -- For For 3) Approve, on an advisory basis, the compensation of named executive Issuer
officers, as disclosed in the company's Proxy Statement for the 2011
Annual Meeting of Shareholders pursuant to the compensation
disclosure rules of the Securities and Exchange Commission.
Echo Voted -- 1 year 3 years 4) Select the preferred voting frequency -- one year, two years, Issuer
three years or abstain -- as to when the company shall hold a
shareholder vote to approve the compensation of the named executive
officers.
COMPANY NAME MEETING DATE CUSIP TICKER
Medallion Financial 17-Jun-11 583928-106 TAXI
Corp.
VOTE MANAGEMENT PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER
FOR/AGAINST OR SECURITY HOLDER
Echo Voted -- For For 1.1) Elect Henry Aaron as director for a term ending 2014 Issuer
Echo Voted -- For For 1.2) Elect Henry Jackson as director for a term ending 2014 Issuer
Echo Voted -- For For 1.3) Elect Alvin Murstein (Chairman & CEO) as director for a term Issuer
ending 2014
Echo Voted -- For For 2) Ratify the selection of Weisermazars LLP as the independent Issuer
registered public accounting firm.
Echo Voted -- For For 3) Approve, on an advisory basis, the compensation of named executive Issuer
officers, as disclosed in the company's Proxy Statement for the 2011
Annual Meeting of Shareholders pursuant to the compensation
disclosure rules of the Securities and Exchange Commission.
Page 5
SIGNATURES
[See General Instruction F]
Pursuant to the requirements of the Investment Company Act of 1940, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
(Registrant) FIRST TRUST SPECIALTY FINANCE
AND FINANCIAL OPPORTUNITIES FUND
---------------------------------------
By (Signature and Title)* /s/ James A. Bowen
-----------------------------------
James A. Bowen, President
Date August 31, 2011
-------------------------
* Print the name and title of each signing officer under his or her signature.