N-PX 1 brd0001356115.txt BRD0001356115.TXT UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM N-PX ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY INVESTMENT COMPANY ACT FILE NUMBER: 811-21869 NAME OF REGISTRANT: Highland Credit Strategies Fund ADDRESS OF PRINCIPAL EXECUTIVE OFFICES: NexBank Tower 13455 Noel Road, Suite 800 Dallas, TX 75240 NAME AND ADDRESS OF AGENT FOR SERVICE: R. Joseph Dougherty Highland Capital Management, L.P. NexBank Tower 13455 Noel Road, Suite 800 Dallas, TX 75240 REGISTRANT'S TELEPHONE NUMBER: 877-665-1287 DATE OF FISCAL YEAR END: 12/31 DATE OF REPORTING PERIOD: 07/01/2009 - 06/30/2010 HCF- Highland Credit Strategies Fund The fund held no voting securities during the reporting period and did not vote any securities or have any securities that were subject to a vote during the reporting period. -------------------------------------------------------------------------------------------------------------------------- DELPHI CORPORATION Agenda Number: 933116813 -------------------------------------------------------------------------------------------------------------------------- Security: 247126AB1 Meeting Type: Consent Meeting Date: 15-Jul-2009 Ticker: ISIN: US247126AB11 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 01 THE MODIFIED PLAN Mgmt No vote -------------------------------------------------------------------------------------------------------------------------- DELPHI CORPORATION Agenda Number: 933116813 -------------------------------------------------------------------------------------------------------------------------- Security: 247126AC9 Meeting Type: Consent Meeting Date: 15-Jul-2009 Ticker: ISIN: US247126AC93 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 01 THE MODIFIED PLAN Mgmt No vote -------------------------------------------------------------------------------------------------------------------------- DELPHI CORPORATION Agenda Number: 933116813 -------------------------------------------------------------------------------------------------------------------------- Security: 247126AD7 Meeting Type: Consent Meeting Date: 15-Jul-2009 Ticker: ISIN: US247126AD76 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 01 THE MODIFIED PLAN Mgmt No vote -------------------------------------------------------------------------------------------------------------------------- DELTA AIR LINES, INC. Agenda Number: 933273461 -------------------------------------------------------------------------------------------------------------------------- Security: 247361702 Meeting Type: Annual Meeting Date: 30-Jun-2010 Ticker: DAL ISIN: US2473617023 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 1A ELECTION OF DIRECTOR: RICHARD H. ANDERSON Mgmt For For 1B ELECTION OF DIRECTOR: EDWARD H. BASTIAN Mgmt For For 1C ELECTION OF DIRECTOR: ROY J. BOSTOCK Mgmt For For 1D ELECTION OF DIRECTOR: JOHN S. BRINZO Mgmt For For 1E ELECTION OF DIRECTOR: DANIEL A. CARP Mgmt For For 1F ELECTION OF DIRECTOR: JOHN M. ENGLER Mgmt For For 1G ELECTION OF DIRECTOR: MICKEY P. FORET Mgmt For For 1H ELECTION OF DIRECTOR: DAVID R. GOODE Mgmt For For 1I ELECTION OF DIRECTOR: PAULA ROSPUT REYNOLDS Mgmt For For 1J ELECTION OF DIRECTOR: KENNETH C. ROGERS Mgmt For For 1K ELECTION OF DIRECTOR: RODNEY E. SLATER Mgmt For For 1L ELECTION OF DIRECTOR: DOUGLAS M. STEENLAND Mgmt For For 1M ELECTION OF DIRECTOR: KENNETH B. WOODROW Mgmt For For 02 TO RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP Mgmt For For AS DELTA'S INDEPENDENT AUDITORS FOR THE YEAR ENDING DECEMBER 31, 2010. 03 STOCKHOLDER PROPOSAL REGARDING CUMULATIVE VOTING Shr Against For IN THE ELECTION OF DIRECTORS. -------------------------------------------------------------------------------------------------------------------------- GRAY TELEVISION INC Agenda Number: 933267533 -------------------------------------------------------------------------------------------------------------------------- Security: 389375205 Meeting Type: Annual Meeting Date: 23-Jun-2010 Ticker: GTNA ISIN: US3893752051 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 01 DIRECTOR RICHARD L. BOGER Mgmt For For RAY M. DEAVER Mgmt For For T.L. ELDER Mgmt For For HILTON H. HOWELL, JR. Mgmt For For WILLIAM E. MAYHER, III Mgmt For For ZELL B. MILLER Mgmt For For HOWELL W. NEWTON Mgmt For For HUGH E. NORTON Mgmt For For ROBERT S. PRATHER, JR. Mgmt For For HARRIETT J. ROBINSON Mgmt For For J. MACK ROBINSON Mgmt For For -------------------------------------------------------------------------------------------------------------------------- MAGNACHIP SEMICONDUCTORS AA Agenda Number: 933145686 -------------------------------------------------------------------------------------------------------------------------- Security: 55932RAB3 Meeting Type: Consent Meeting Date: 24-Sep-2009 Ticker: ISIN: US55932RAB33 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 4A1 DEBTOR'S PLAN 4A Mgmt No vote 4A2 COMMITTEE'S PLAN 4A Mgmt No vote 4A3 PREFERENCE 4A - FOR = DEBTOR'S PLAN, AGAINST Mgmt No vote = COMMITTEE'S PLAN 4A4 ELECTS TO OPT OUT 4A Mgmt No vote 4A5 I AM A U.S. CITIZEN 4A Mgmt No vote 4B1 DEBTOR'S PLAN 4B Mgmt No vote 4B2 COMMITTEE'S PLAN 4B Mgmt No vote 4B3 PREFERENCE 4B - FOR = DEBTOR'S PLAN, AGAINST Mgmt No vote = COMMITTEE'S PLAN 4B4 ELECTS TO OPT OUT 4B Mgmt No vote 4B5 I AM A U.S. CITIZEN 4B Mgmt No vote 4C1 DEBTOR'S PLAN 4C Mgmt No vote 4C2 COMMITTEE'S PLAN 4C Mgmt No vote 4C3 PREFERENCE 4C - FOR = DEBTOR'S PLAN, AGAINST Mgmt No vote = COMMITTEE'S PLAN 4C4 ELECTS TO OPT OUT 4C Mgmt No vote 4C5 I AM A U.S. CITIZEN 4C Mgmt No vote 4D1 DEBTOR'S PLAN 4D Mgmt No vote 4D2 COMMITTEE'S PLAN 4D Mgmt No vote 4D3 PREFERENCE 4D - FOR = DEBTOR'S PLAN, AGAINST Mgmt No vote = COMMITTEE'S PLAN 4D4 ELECTS TO OPT OUT 4D Mgmt No vote 4D5 I AM A U.S. CITIZEN 4D Mgmt No vote 4E1 DEBTOR'S PLAN 4E Mgmt No vote 4E2 COMMITTEE'S PLAN 4E Mgmt No vote 4E3 PREFERENCE 4E - FOR = DEBTOR'S PLAN, AGAINST Mgmt No vote = COMMITTEE'S PLAN 4E4 ELECTS TO OPT OUT 4E Mgmt No vote 4E5 I AM A U.S. CITIZEN 4E Mgmt No vote 4F1 DEBTOR'S PLAN 4F Mgmt No vote 4F2 COMMITTEE'S PLAN 4F Mgmt No vote 4F3 PREFERENCE 4F - FOR = DEBTOR'S PLAN, AGAINST Mgmt No vote = COMMITTEE'S PLAN 4F4 ELECTS TO OPT OUT 4F Mgmt No vote 4F5 I AM A U.S. CITIZEN 4F Mgmt No vote -------------------------------------------------------------------------------------------------------------------------- NEW HOLDING, INC. Agenda Number: 933146474 -------------------------------------------------------------------------------------------------------------------------- Security: 645287AA1 Meeting Type: Consent Meeting Date: 30-Sep-2009 Ticker: ISIN: US645287AA12 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 01 PROPOSAL ONE Mgmt No vote 02 PROPOSAL TWO Mgmt No vote -------------------------------------------------------------------------------------------------------------------------- NEW HOLDING, INC. Agenda Number: 933149557 -------------------------------------------------------------------------------------------------------------------------- Security: 645287103 Meeting Type: Consent Meeting Date: 30-Sep-2009 Ticker: ISIN: -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 01 THE PLANR Mgmt No vote -------------------------------------------------------------------------------------------------------------------------- SALLY BEAUTY HOLDINGS, INC. Agenda Number: 933173762 -------------------------------------------------------------------------------------------------------------------------- Security: 79546E104 Meeting Type: Annual Meeting Date: 27-Jan-2010 Ticker: SBH ISIN: US79546E1047 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 01 DIRECTOR JAMES G. BERGES Mgmt For For MARSHALL E. EISENBERG Mgmt For For JOHN A. MILLER Mgmt For For RICHARD J. SCHNALL Mgmt For For 02 RATIFICATION OF THE SELECTION OF KPMG LLP AS Mgmt For For THE CORPORATION'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR 2010. 03 APPROVAL OF THE SALLY BEAUTY HOLDINGS, INC. Mgmt For For 2010 OMNIBUS INCENTIVE PLAN. -------------------------------------------------------------------------------------------------------------------------- VIATEL HOLDING (BERMUDA) LIMITED Agenda Number: 933196873 -------------------------------------------------------------------------------------------------------------------------- Security: G93447111 Meeting Type: Annual Meeting Date: 24-Mar-2010 Ticker: VIAHF ISIN: BMG934471118 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 01 THE AUDITORS REPORT AND FINANCIAL STATEMENTS Mgmt No vote FOR THE YEAR ENDED DECEMBER 31, 2008 BE AND ARE HEREBY RECEIVED. 02 MESSRS DELOITTE AND TOUCHE (LONDON) BE AND ARE Mgmt No vote HEREBY APPOINTED AS AUDITORS TO THE COMPANY, TO HOLD OFFICE UNTIL THE CLOSE OF THE NEXT ANNUAL GENERAL MEETING OF THE COMPANY. 03 THE BOARD OF DIRECTORS BE AND ARE HEREBY AUTHORIZED Mgmt No vote TO DETERMINE THE REMUNERATION OF THE AUDITORS OF THE COMPANY. 04 DIDIER DELEPINE BE AND IS HEREBY ELECTED AS Mgmt No vote A DIRECTOR TO SERVE AS SUCH UNTIL THE NEXT ANNUAL GENERAL MEETING OR UNTIL HIS SUCCESSOR IS APPOINTED IN ACCORDANCE WITH COMPANY'S BYE-LAWS. 05 THOMAS DOSTER BE & IS HEREBY ELECTED AS A DIRECTOR Mgmt No vote TO SERVE AS SUCH UNTIL NEXT ANNUAL GENERAL MEETING. 06 LUCY WOODS BE AND IS HEREBY ELECTED AS A DIRECTOR Mgmt No vote TO SERVE AS SUCH UNTIL THE NEXT ANNUAL GENERAL MEETING OR UNTIL HIS SUCCESSOR IS APPOINTED IN ACCORDANCE WITH COMPANY'S BYE-LAWS. 07 THAT THE INTRA-GROUP BUSINESS SALE AGREEMENT Mgmt No vote ENTERED INTO ON FEBRUARY 20, 2009 BETWEEN WHOLLY OWNED SUBSIDIARIES, VTL (UK) LIMITED ("VTL (UK)") AND VTL WAVENET LIMITED ("WAVENET"), UNDER WHICH WAVENET PURCHASED CERTAIN ASSETS AND UNDERTAKINGS FROM VTL (UK) THE MATERIAL TERMS OF WHICH ARE DESCRIBED IN CHAIRMAN'S LETTER CIRCULATED TO THE SHAREHOLDERS OF THE COMPANY. 08 THAT ANY AND ALL ACTIONS OF THE DIRECTORS AND Mgmt No vote OFFICERS ACTING INDIVIDUALLY OR TOGETHER WITH ANOTHER TO DATE IN CONNECTION WITH INTRA-GROUP TRANSACTION. * Management position unknown SIGNATURES Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. (Registrant) Highland Credit Strategies Fund By (Signature) /s/ R. Joseph Dougherty Name R. Joseph Dougherty Title Chief Executive Officer and President Date 08/26/2010