N-PX 1 fgb_npx.txt VOTING RECORD SUMMANY 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 ------------------------------------------------------------- Exact Name of Registrant as Specified in Declaration of Trust 120 East Liberty Drive, Suite 400, Wheaton, Illinois 60187 ------------------------------------------------------------------------------ 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 ----------------------------------------------------------------------------- Name and Address (Number, Street, City, State, Zip Code) of Agent for Service (630) 765-8000 -------------------------------------------------- Registrant's Telephone Number, including Area Code Date of fiscal year end: November 30 ----------- Date of reporting period: July 1, 2009 - June 30, 2010 ---------------------------- 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

COMPANY NAME MEETING DATE CUSIP TICKER GSC Investment Corp. 8-Jul-09 362493-108 GNV VOTE FOR / AGAINST PROPOSALS AT ANNUAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR MANAGEMENT SECURITY HOLDER Echo Voted -- For For 1) Elect Richard Hayden (Chairman) as director Issuer for a term ending 2012 Echo Voted -- For For 2) Ratify the selection of Ernst & Young LLP Issuer as the independent registered public accounting firm. COMPANY NAME MEETING DATE CUSIP TICKER Apollo Investment Corporation5-Aug-09 03761U-106 AINV VOTE FOR / AGAINST PROPOSALS AT ANNUAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR MANAGEMENT SECURITY HOLDER Echo Voted -- For For 1.1) Elect Ashok Bakhru as director for a term Issuer ending 2012 Echo Voted -- For For 1.2) Elect John Hannan (Chairman) as director for a term ending 2012 Echo Voted -- For For 1.3) Elect James Zelter (CEO) as director for a term ending 2012 Echo Voted -- For For 2) Ratify the selection of Issuer PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year 2009. Echo Voted -- For For 3) Authorize flexibility for the company to Issuer allow the board of directors to approve selling shares of its common stock (during the next 12 months) at prices below the company's then-current NAV per share. Echo Voted -- For For 4) Authorize the company to sell or otherwise Issuer issue warrants or securities to subscribe for or convertible into shares of the company's common stock COMPANY NAME MEETING DATE CUSIP TICKER Gladstone Investment 13-Aug-09 376546-107 GAIN Corporation VOTE FOR / AGAINST PROPOSALS AT ANNUAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR MANAGEMENT SECURITY HOLDER Echo Voted -- For For 1.1) Elect Maurice Coulon as director for a Issuer term ending 2012 Echo Voted -- For For 1.2) Elect Terry Lee Brubaker (Vice Chairman, Issuer COO & Secretary) as director for a term ending 2012 Echo Voted -- For For 1.3) Elect David Dullum (President) as Issuer director for a term ending 2012 Echo Voted -- For For 2) Authorize the company to sell shares of its Issuer common stock common stock, through the one year anniversary of the 2009 Annual Meeting, at a price below the then-current net asset value (NAV) per share Echo Voted -- For For 3) Ratify the selection of Issuer PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year 2009. COMPANY NAME MEETING DATE CUSIP TICKER PennantPark Investment 25-Aug-09 708062-104 PNNT Corporation VOTE FOR / AGAINST PROPOSALS AT ANNUAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR MANAGEMENT SECURITY HOLDER Echo Voted -- For For 1) Authorize flexibility for the company to Issuer allow the board of directors to approve selling shares of its common stock (during the next 12 months) at prices below the company's then-current NAV per share. Echo Voted -- For For 2) Authorize the company to sell or otherwise Issuer issue warrants or securities to subscribe for or convertible into shares of the company's common stock Echo Voted -- Against For 3) To transact such other business as may Issuer properly come before the meeting. COMPANY NAME MEETING DATE CUSIP TICKER Patriot Capital Funding, Inc.18-Nov-09 70335Y-104 PCAP VOTE FOR / AGAINST PROPOSALS AT SPECIAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR MANAGEMENT SECURITY HOLDER Echo Voted -- For For 1) Adopt the Agreement and Plan of Merger, Issuer dated August 3, 2009, by & between Patriot & Prospect Capital Corporation, as such merger agreement may be amended from time to time. Echo Voted -- For For 2) Approve the adjournment of the special Issuer meeting, if necessary or appropriate, to solicit additional proxies in the event there are not sufficient votes at the time of the special meeting to adopt the forgoing proposal. COMPANY NAME MEETING DATE CUSIP TICKER Financial Federal 8-Dec-09 317492-106 FIF VOTE FOR / AGAINST PROPOSALS AT ANNUAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR MANAGEMENT [POSTPONED IN LIGHT OF AGREEMENT TO PROPOSED SECURITY HOLDER ACQUISITION FROM PEOPLE'S UNITED FINANCIAL] Echo Voted -- For For 1.1) Elect Lawrence Fisher as director Issuer Echo Voted -- For For 1.2) Elect Michael Palitz (ex-CFO) as director Issuer Echo Voted -- For For 1.3) Elect Paul Sinsheimer (Chairman & CEO) Issuer as director Echo Voted -- For For 1.4) Elect Leopold Swergold as director Issuer Echo Voted -- For For 1.5) Elect H.E. Timanus, Jr. as director Issuer Echo Voted -- For For 1.6) Elect Michael Zimmerman as director Issuer Echo Voted -- For For 2) Ratify the selection of KPMG LLP as the Issuer independent registered public accounting firm COMPANY NAME MEETING DATE CUSIP TICKER Prospect Capital Corporation 11-Dec-09 74348T-102 PSEC VOTE FOR / AGAINST PROPOSALS AT ANNUAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR MANAGEMENT SECURITY HOLDER Echo Voted -- For For 1.1) Elect Andrew Cooper as director for term Issuer ending 2012 Echo Voted -- For For 1.2) Elect M. Grier Eliasek (President & COO) Issuer as director for term ending 2012 Echo Voted -- For For 2) 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 (NAV) per share in one or more offerings. Page 1 COMPANY NAME MEETING DATE CUSIP TICKER Berkshire Hathaway 20-Jan-10 084670-108 BRKA VOTE MANAGEMENT FOR / PROPOSALS AT SPECIAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR AGAINST (ALL ECHO VOTED) SECURITY HOLDER For For 1) Approve 50-for-1 stock split of Class B Issuer common stock while maintaining current economic & voting relationship the corporation's Class B common stock & Class A common stock. For For 2) Approve an amendment to clarify that Class Issuer B common stock may be split in the proposed 50- for-1 split without splitting the Class A common stock. For For 3) Approve an amendment to change the par Issuer value of each share of Class B common stock in connection with the proposed 50-for-1 split, to $0.0033 from the current par value of $0.1667 per share of Class B common stock. For For 4) Approve an amendment to increase the number Issuer of shares of Class B common stock & the total number of shares of all classes of stock that the corporation is authorized to issue. For For 5) Approve an amendment to remove the Issuer requirement to issue physical stock certificates for shares. COMPANY NAME MEETING DATE CUSIP TICKER PennantPark Investment 2-Feb-10 708062-104 PNNT Corporation VOTE MANAGEMENT FOR / PROPOSALS AT ANNUAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR AGAINST SECURITY HOLDER Echo Voted -- For For 1) Elect Arthur Penn (Chairman & CEO) for a Issuer term as director until 2013 Echo Voted -- For For 2) Ratify the selection of KPMG LLP as the Issuer independent registered public accounting firm. Echo Voted -- For For 3) Authorize flexibility for the company to Issuer allow the board of directors to approve selling shares of its common stock (during the next 12 months) at prices below the company's then-current NAV per share. COMPANY NAME MEETING DATE CUSIP TICKER BlackRock Kelso 8-Feb-10 092533-108 BKCC VOTE MANAGEMENT FOR / PROPOSALS AT SPECIAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR AGAINST SECURITY HOLDER Echo Voted -- For For 1) Authorize flexibility for the company to Issuer allow the board of directors to approve selling shares of its common stock in one or more offerings at prices below the company's then-current NAV per share. COMPANY NAME MEETING DATE CUSIP TICKER Financial Federal 16-Feb-10 460277-106 FIF VOTE MANAGEMENT FOR / PROPOSALS AT SPECIAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR AGAINST SECURITY HOLDER Echo Voted -- For For 1) Approve the agreement & plan of merger, Issuer dated as of November 22, 2009 by & between People's United Financial, Inc. & Financial Federal Corporation Echo Voted -- For For 2) Adjourn the special meeting to a later date Issuer or dates, if necessary, to permit further solicitation of proxies in the event there are not sufficient votes at the time of the special meeting, or at any adjournment of that meeting, to approve the merger agreement. COMPANY NAME MEETING DATE CUSIP TICKER Gladstone Capital 18-Feb-10 376535-100 GLAD VOTE MANAGEMENT FOR / PROPOSALS AT ANNUAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR AGAINST SECURITY HOLDER Echo Voted -- For For 1.1) Elect Paul Aldelgren for a term as Issuer director until 2013 Echo Voted -- For For 1.2) Elect John Outland for a term as director Issuer until 2013 Echo Voted -- For For 1.3) Elect David Gladstone (founder, Chairman Issuer & CEO) for a term as director until 2013 Echo Voted -- For For 2) Authorize the company to issue & sell Issuer shares of its common stock at a price below the company's then-current NAV per share. Echo Voted -- For For 3) Ratify the selection of Issuer PricewaterhouseCoopers LLP as the independent registered public accounting firm. COMPANY NAME MEETING DATE CUSIP TICKER Allied Capital 26-Mar-10 01903Q-108 ALD VOTE MANAGEMENT FOR / PROPOSALS AT SPECIAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR AGAINST SECURITY HOLDER Echo Voted -- For For 1) Approve the merger of ARCC Odyssey Corp., a Issuer wholly-owned subsidiary of Ares Capital, with & into Allied Capital & to approve the agreement & plan of merger, as such agreement may be amended from time to time, dated as of October 26, 2009, among Allied Capital, Ares Capital & ARCC Odyssey. Echo Voted -- For For 2) Approve the adjournment of the special Issuer meeting, if necessary or appropriate, to solicit additional proxies in the event there are not sufficient votes at the time of the special meeting to approve the forgoing proposal. Page 2 COMPANY NAME MEETING DATE CUSIP TICKER Ares Capital 26-Mar-10 04010L-103 ARCC VOTE MANAGEMENT FOR / PROPOSALS AT SPECIAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR AGAINST SECURITY HOLDER Echo Voted -- For For 1) Approve the issuance of Ares common stock Issuer pursuant to the agreement & plan of merger (as amended from time to time), dated October 26, 2009, among Ares Capital & ARCC Odyssey (a wholly-owned subsidiary of Ares Capital) Echo Voted -- For For 2) Approve the adjournment of the special Issuer meeting, if necessary or appropriate, to solicit additional proxies in the event there are not sufficient votes at the time of the special meeting to approve the forgoing proposal. COMPANY NAME MEETING DATE CUSIP TICKER Northwest Bancshares, Inc. 21-Apr-10 667340-103 NWBI VOTE MANAGEMENT FOR / PROPOSALS AT ANNUAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR AGAINST SECURITY HOLDER Echo Voted -- For For 1.1) Elect Robert Ferrier as director for term Issuer ending 2013 Echo Voted -- For For 1.2) Elect Richard McDowell as director for Issuer term ending 2013 Echo Voted -- For For 1.3) Elect Joseph Long as director for term Issuer ending 2013 Echo Voted -- For For 1.4) Elect John Meegan as director for term Issuer ending 2013 Echo Voted -- For For 2) Ratify the selection of KPMG LLP as the Issuer independent registered public accounting firm. COMPANY NAME MEETING DATE CUSIP TICKER MVC Capital, Inc. 27-Apr-10 553829-102 MVC VOTE MANAGEMENT FOR / PROPOSALS AT ANNUAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR AGAINST SECURITY HOLDER Echo Voted -- For For 1.1) Elect Emilio Dominianni as director Issuer Echo Voted -- For For 1.2) Elect Gerald Hellerman as director Issuer Echo Voted -- For For 1.3) Elect Robert Knapp as director Issuer Echo Voted -- For For 1.4) Elect Warren Holtsberg (insider) as Issuer director Echo Voted -- For For 1.5) Elect William Taylor as director Issuer Echo Voted -- For For 1.6) Elect Michael Tokarz (insider) as director Issuer Echo Voted -- For For 2) Ratify the selection of Ernst & Young LLP Issuer as the independent registered public accounting firm. COMPANY NAME MEETING DATE CUSIP TICKER Hatteras Financial 5-May-10 41902R-103 HTS VOTE MANAGEMENT FOR / PROPOSALS AT ANNUAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR AGAINST SECURITY HOLDER Echo Voted -- For For 1.1) Elect Michael Hough (Chairman & CEO) as Issuer director Echo Voted -- For For 1.2) Elect Benjamin Hough (President & COO) as Issuer director 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 Issuer as the independent registered public accounting firm. Echo Voted -- For For 3) Approve 2010 Equity Incentive Plan Issuer COMPANY NAME MEETING DATE CUSIP TICKER Hatteras Financial 5-May-10 41902R-202 HTFLL VOTE MANAGEMENT FOR / PROPOSALS AT ANNUAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR AGAINST SECURITY HOLDER Echo Voted -- For For 1.1) Elect Michael Hough (Chairman & CEO) as Issuer director Echo Voted -- For For 1.2) Elect Benjamin Hough (President & COO) as Issuer director 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 Issuer as the independent registered public accounting firm. Echo Voted -- For For 3) Approve 2010 Equity Incentive Plan Issuer COMPANY NAME MEETING DATE CUSIP TICKER People's United Financial 6-May-10 712704-105 PBCT VOTE MANAGEMENT FOR / PROPOSALS AT ANNUAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR AGAINST SECURITY HOLDER For For 1.1) Elect John Dwight as director for a term Issuer ending 2013 For For 1.2) Elect Janet Hansen as director for a term Issuer ending 2013 For For 1.3) Elect Mark Richards as director for a Issuer term ending 2013 For For 2) Ratify the selection of KPMG LLP as the Issuer independent registered public accounting firm. For Against 3) Amend the company's articles of Shareholder incorporation &/or bylaws to provide that director nominees shall be elected by the affirmative vote of the majority of votes cast at an annual meeting of shareholders, with a plurality vote standand retained for contested director elections, that is, when the number of director nominees exceeds the number of board seats. Page 3 COMPANY NAME MEETING DATE CUSIP TICKER Cypress Shapridge Investments7-May-10 23281A-307 CYS VOTE MANAGEMENT FOR / PROPOSALS AT ANNUAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR AGAINST SECURITY HOLDER Echo Voted -- For For 1.1) Elect Kevin Grant (Chairman & CEO) as Issuer director 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 Issuer Cypress) as director 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 David Tyson as director Issuer Echo Voted -- For For 1.7) Elect John Nathman as director Issuer Echo Voted -- For For 2) Ratify the selection of Deloitte & Touche Issuer LLP as independent registered public accounting firm COMPANY NAME MEETING DATE CUSIP TICKER NGP Capital Resources 12-May-10 62912R-107 NGPC VOTE MANAGEMENT FOR / PROPOSALS AT ANNUAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR AGAINST SECURITY HOLDER Echo Voted -- For For 1.1) Elect Kenneth Hersh (Chairman) as Issuer director for a term ending 2013 Echo Voted -- For For 1.2) Elect James Latimer III as director for a Issuer term ending 2013 Echo Voted -- For For 2) Ratify the selection of PwC Issuer (PricewaterhouseCoopers LLP) as the independent registered public accounting firm. Echo Voted -- For For 3) Adjourn the annual meeting, if necessary, Issuer to solicit additional proxies if #1 & #2 are not approved COMPANY NAME MEETING DATE CUSIP TICKER W.R. Berkley 18-May-10 084423-102 WRB VOTE MANAGEMENT FOR / PROPOSALS AT ANNUAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR AGAINST SECURITY HOLDER Echo Voted -- For For 1.1) Elect W. Robert Berkley, Jr. (President & Issuer COO) as director for a term ending 2013 Echo Voted -- For For 1.2) Elect Ronald Blaylock as director for a Issuer term ending 2013 Echo Voted -- For For 1.3) Elect Mark Brockbank as director for a Issuer term ending 2013 Echo Voted -- For For 1.4) Elect Mary Farrell as director for a term Issuer ending 2013 Echo Voted -- For For 2) Ratify the selection of KPMG LLP as the Issuer independent registered public accounting firm. COMPANY NAME MEETING DATE CUSIP TICKER MFA Financial 20-May-10 55272X-102 MFA VOTE MANAGEMENT FOR / PROPOSALS AT ANNUAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR AGAINST SECURITY HOLDER Echo Voted -- For For 1.1) Elect Stewart Zimmerman (Chairman & CEO) Issuer as director for a term ending 2013 Echo Voted -- For For 1.2) Elect Joseph Brodsky as director for a Issuer term ending 2013 Echo Voted -- For For 1.3) Elect Alan Gosule as director for a term Issuer ending 2013 Echo Voted -- For For 2) Amend & restate the company's Amended & Issuer Restated 2004 Equity Compensation Plan by replacing it with the 2010 Equity Compensation Plan to, among other things, increase the number of shares available for grant under the plan Echo Voted -- For For 3) Ratify the selection of Ernst & Young LLP Issuer as the independent registered public accounting firm. COMPANY NAME MEETING DATE CUSIP TICKER NorthStar Realty Finance 21-May-10 66704R-100 NRF Corp. VOTE MANAGEMENT FOR / PROPOSALS AT ANNUAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR AGAINST 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 Issuer director Echo Voted -- For For 1.4) Elect Judith Hannaway as director Issuer Echo Voted -- For For 1.5) Elect Wesley Minami as director Issuer Echo Voted -- For For 1.6) Elect Louis Paglia as director Issuer Echo Voted -- For For 2) Ratify the selection of Grant Thornton LLP Issuer as independent registered public accounting firm COMPANY NAME MEETING DATE CUSIP TICKER Compass Diversified Holdings 26-May-10 20451Q-104 CODI VOTE MANAGEMENT FOR / PROPOSALS AT ANNUAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR AGAINST SECURITY HOLDER Echo Voted -- For For 1.1) Elect Harold Edwards as director for a Issuer term ending 2013 Echo Voted -- For For 1.2) Elect Mark Lazarus as director for a term Issuer ending 2013 Echo Voted -- For For 2) Ratify the selection of Grant Thornton LLP Issuer as independent registered public accounting firm COMPANY NAME MEETING DATE CUSIP TICKER MCG Capital Corporation 26-May-10 58047P-107 MCGC VOTE MANAGEMENT FOR / PROPOSALS AT ANNUAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR AGAINST SECURITY HOLDER unvoted For 1.1) Elect Steven Tunney (CEO) as director for Issuer a term ending 2013 unvoted For 1.2) Elect Kim Kelly as director for a term Issuer ending 2013 unvoted For 2) Ratify the selection of Ernst & Young LLP Issuer as the independent registered public accounting firm. unvoted For 3) Authorize the company to sell up to 15% of Issuer its outstanding common stock at a price below its then current net asset value per share unvoted For 4) Authorize the company to issue securities Issuer to subscribe to, convert to, or purchase shares in one of rmore offerings up to an aggregate of 10m shares unvoted For 5) Amend the company's Second Amended & Issuer Restated 2006 Employee Restricted Stock Plan to increase the maximum aggregate number of shares available for issuance thereunder from 3.5m to 6.05m shares unvoted For 6) Amend the company's Second Amended & Issuer Restated 2006 Non-Employee Director Restricted Stock Plan to increase the maximum aggregate number of shares available for issuance thereunder from 100,000 to 150,000 shares Page 4 COMPANY NAME MEETING DATE CUSIP TICKER Annaly Capital Management, 27-May-10 035710-409 NLY Inc. VOTE MANAGEMENT FOR / PROPOSALS AT ANNUAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR AGAINST SECURITY HOLDER Echo Voted -- For For 1.1) Elect Kevin Brady as director for a term Issuer ending 2013 Echo Voted -- For For 1.2) Elect E. Wayne Nordberg as director for a Issuer term ending 2013 Echo Voted -- For For 2) Approve the 2010 Equity Incentive Plan Issuer Echo Voted -- For For 3) Ratify the selection of Deloitte & Touche Issuer LLP as independent registered public accounting firm COMPANY NAME MEETING DATE CUSIP TICKER Fidelity National Financial 27-May-10 31620R-105 FNF VOTE MANAGEMENT FOR / PROPOSALS AT ANNUAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR AGAINST SECURITY HOLDER Echo Voted -- For For 1.1) Elect Daniel "Ron" Lane as director for a Issuer term ending 2013 Echo Voted -- For For 1.2) Elect William Lyon as director for a term Issuer ending 2013 Echo Voted -- For For 1.3) Elect Richard Massey as director for a Issuer term ending 2013 Echo Voted -- For For 1.4) Elect Cary Thompson as director for a Issuer term ending 2013 Echo Voted -- For For 2) Ratify the selection of KPMG LLP as the Issuer independent registered public accounting firm. COMPANY NAME MEETING DATE CUSIP TICKER Solar Capital Ltd. 3-Jun-10 83413U-100 SLRC VOTE MANAGEMENT FOR / PROPOSALS AT ANNUAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR AGAINST SECURITY HOLDER Echo Voted -- For For 1.1) Elect David Wachter as director for a Issuer term ending 2013 Echo Voted -- For For 2) Ratify the selection of KPMG LLP as the Issuer independent registered public accounting firm. COMPANY NAME MEETING DATE CUSIP TICKER Ares Capital Corporation 7-Jun-10 04010L-103 ARCC VOTE MANAGEMENT FOR / PROPOSALS AT ANNUAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR AGAINST SECURITY HOLDER Echo Voted -- For For 1.1) Elect Frank O'Bryan as director for a Issuer term ending 2013 Echo Voted -- For For 1.2) Elect Antony Ressler (Officer) as Issuer director for a term ending 2013 Echo Voted -- For For 1.3) Elect Eric Siegel as director for a term Issuer ending 2013 Echo Voted -- For For 2) Ratify the selection of KPMG LLP as the Issuer independent registered public accounting firm. Echo Voted -- For For 3) Authorize the company to sell or otherwise Issuer issue shares of common stock at a price below its then current net asset value per share subject to certain limintations (including that the number of shares issued do not exceed 25% of its then outstanding common stock COMPANY NAME MEETING DATE CUSIP TICKER BlackRock Kelso Capital 7-Jun-10 092533-108 BKCC Corporation VOTE MANAGEMENT FOR / PROPOSALS AT ANNUAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR AGAINST SECURITY HOLDER Echo Voted -- For For 1.1) Elect James Maher (Chairman & CEO) as Issuer director for a term ending 2013 Echo Voted -- For For 1.2) Elect Maureen Usifer as director for a Issuer term ending 2013 Echo Voted -- For For 2) Amend the company's certificate of Issuer incorporation to increase the number of common shares authorized from 100m to 200m Echo Voted -- For For 3) Ratify the selection of Deloitte & Touche Issuer LLP as independent registered public accounting firm COMPANY NAME MEETING DATE CUSIP TICKER Hercules Technology Growth 9-Jun-10 427096-508 HTGC Capital, Inc. VOTE MANAGEMENT FOR / PROPOSALS AT ANNUAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR AGAINST SECURITY HOLDER Echo Voted -- For For 1) Elect Manuel A. Henriquez (Chairman & CEO) Issuer as director for a term ending 2013 Echo Voted -- For For 2) Ratify the selection of Ernst & Young LLP Issuer as the independent registered public accounting firm. Echo Voted -- For For 3) Authorize the Company to sell or otherwise Issuer issue up to 20% of the Company's outstanding common stock at a price below the Company's then current net asset value per share Echo Voted -- For For 4) Authorize the Company to offer and issue Issuer debt with warrants or debt convertible into shares of 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 COMPANY NAME MEETING DATE CUSIP TICKER Main Street Capital 10-Jun-10 56035L-104 MAIN Corporation VOTE MANAGEMENT FOR / PROPOSALS AT ANNUAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR AGAINST SECURITY HOLDER unvoted -- Echo Vote For 1) Elect as directors the nominees 1) Michael Issuer requested, but not Appling Jr., 2) Joseph Canon, 3) Arthur implemented French, 4) William Gutermuth, 5) Vincent Foster, & 6) Todd Reppert unvoted -- Echo Vote For 2) Authorize the company to sell shares of its Issuer requested, but not common stock during the next 12 months at a implemented price below the then-current net asset value (NAV) per share unvoted -- Echo Vote For 3) Ratify the selection of Grant Thornton LLP Issuer requested, but not as independent registered public accounting firm implemented Page 5 COMPANY NAME MEETING DATE CUSIP TICKER Medallion Financial Corp. 11-Jun-10 583928-106 TAXI VOTE MANAGEMENT FOR / PROPOSALS AT ANNUAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR AGAINST SECURITY HOLDER Echo Voted -- For For 1.1) Elect Mario Cuomo as director for a term Issuer ending 2013 Echo Voted -- For For 1.2) Elect Andrew Murstein (President) as Issuer director for a term ending 2013 Echo Voted -- For For 1.3) Elect Lowell Weicker Jr. as director for Issuer a term ending 2013 Echo Voted -- For For 2) Ratify the selection of Weiser LLP as the Issuer independent registered public accounting firm. Echo Voted -- For For 3) Approve the overall executive pay-for- Issuer performance compensation policies & procedures employed by the company Echo Voted -- For For 4) Approve the 2009 Employee Restricted Stock Issuer Plan COMPANY NAME MEETING DATE CUSIP TICKER TICC Capital Corp. 16-Jun-10 87244T-109 TICC VOTE MANAGEMENT FOR / PROPOSALS AT ANNUAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR AGAINST SECURITY HOLDER Echo Voted -- For For 1) Elect Tonia Pankopf as director Issuer Echo Voted -- For For 2) Ratify the selection of PwC Issuer (PricewaterhouseCoopers LLP) as the independent registered public accounting firm. Echo Voted -- For For 3) Authorize the company to issue securities Issuer to subscribe to, convert to, or purchase shares of its common stock in one or more offerings. Echo Voted -- Against Against 4) Terminate the investment advisory agreement Issuer by & between TICC Capital Corp. & its investment adviser, TICC Management, LLC, effective as soon as is legally permissible thereunder. Echo Voted -- Against For 5) Vote upon such other business as may Issuer properly come before the meeting or any postponement or adjournment thereof.

Page 6 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, 2010 ------------------------- * Print the name and title of each signing officer under his or her signature.