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, 2010 - June 30, 2011 ---------------------------- 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.