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, 2011 - June 30, 2012 ---------------------------- 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 ------------------------------ -------------- -------------------------------------------------------------- ---------------------- HORIZON TECHNOLOGY FINANCE 12-JUL-11 44045A-102 HRZN CORPORATION VOTE MANAGEMENT FOR PROPOSALS AT "SPECIAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER OR / AGAINST SECURITY HOLDER Echo Voted -- Against For 1) Authorize the Company, with approval of its board of Issuer directors, to sell shares of its common stock (during the next 12 months) at a price below the then current net asset value per share, subject to certain limitations. COMPANY NAME MEETING DATE CUSIP TICKER ------------------------------ -------------- -------------------------------------------------------------- ---------------------- APOLLO INVESTMENT 02-AUG-11 03761U-106 AINV CORPORATION VOTE MANAGEMENT FOR PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER OR / AGAINST SECURITY HOLDER Echo Voted -- For For 1.1) Elect Frank Puleo as director for a term ending 2014 Issuer Echo Voted -- For For 1.2) Elect Carl Spielvogel as director for a term ending 2014 Issuer Echo Voted -- For For 1.3) Elect Jeanette Loeb as director for a term ending 2014 Issuer 2) Ratify the selection of PwC (PricewaterhouseCoopers LLP) as the independent registered public accounting firm. Echo Voted -- For For 3) Authorize flexibility for Company, with approval of the Issuer Board to sell shares of common stock (during next 12 months) at a price below its then current net asset value per share subject to limitations described herein (including that cumulative number of shares sold pursuant to such authority does not exceed 25% of its then outstanding common stock immediately prior to sale). COMPANY NAME MEETING DATE CUSIP TICKER ------------------------------ -------------- -------------------------------------------------------------- ---------------------- GLADSTONE INVESTMENT 04-AUG-11 376546-107 GAIN CORPORATION VOTE MANAGEMENT FOR PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER OR / AGAINST SECURITY HOLDER Echo Voted -- For For 1.1) Elect Michela English as director for a term ending 2014 Issuer Echo Voted -- For For 1.2) Elect Anthony Parker as director for a term ending 2014 Issuer Echo Voted -- For For 1.3) Elect George Stelljes III (co-Vice Chairman & CIO) as Issuer director for a term ending 2014 Echo Voted -- For For 2) Elect Gerard Mead as director Issuer Echo Voted -- For For 3) Approve a proposal to authorize us, with the approval of Issuer the Board of Directors, to issue and sell shares of our common stock (during the next 12 months) at a price below its then current net asset value per share subject to certain limitations, all as more fully described in the proxy statement. Echo Voted -- For For 4) Ratify the selection of PwC (PricewaterhouseCoopers LLP) Issuer as the independent registered public accounting firm. COMPANY NAME MEETING DATE CUSIP TICKER ------------------------------ -------------- -------------------------------------------------------------- ---------------------- MEDICAL ACTION 11-AUG-11 58449L-100 MDCI INDUSTRIES INC. VOTE MANAGEMENT FOR PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER OR / AGAINST SECURITY HOLDER Echo Voted -- For For 1.1) Elect William Burke as director for term ending 2014 Issuer Echo Voted -- For For 1.2) Elect Kenneth Davidson as director for term ending 2014 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 Issuer executive 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 -- For 1 year 4) Select the preferred voting frequency -- one year, two Issuer years, 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 ------------------------------ -------------- -------------------------------------------------------------- ---------------------- SARATOGA INVESTMENT 27-SEP-11 80349A-208 SAR CORP. VOTE MANAGEMENT FOR PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER OR / AGAINST SECURITY HOLDER Echo Voted -- For For 1.1) Elect G. Cabell Williams as director Issuer Echo Voted -- For For 1.2) Elect Michael Grisius as director Issuer Echo Voted -- Against For 2) Approve a proposal to authorize the Company to sell or Issuer otherwise issue the Company's common stock at a price below the Company's then current net asset value per share. COMPANY NAME MEETING DATE CUSIP TICKER ------------------------------ -------------- -------------------------------------------------------------- ---------------------- FULL CIRCLE CAPITAL 08-DEC-11 359671-104 FULL CORPORATION VOTE FOR / AGAINST PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER OR MANAGEMENT SECURITY HOLDER For For 1) Elect Edward Cohen as director Issuer For For 2) Ratify the selection of Rothstein, Kass & Company, P.C. to Issuer serve as the independent registered public accounting firm. For For 3) Approve a proposal to authorize the Company, with the Issuer approval of its 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, subject to certain conditions as set forth in the proxy statement. COMPANY NAME MEETING DATE CUSIP TICKER ------------------------------ -------------- -------------------------------------------------------------- ---------------------- PROSPECT CAPITAL 08-DEC-11 74348T-102 PSEC CORPORATION VOTE FOR / AGAINST PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER OR MANAGEMENT SECURITY HOLDER unvoted - custodian For 1.1) Elect William Gremp as director for term ending 2014 Issuer administrative error unvoted - custodian For 2) Ratify the selection of BDO USA, LLP as independent Issuer administrative error registered public accounting firm unvoted - custodian administrative error For 3) Authorize the Company, with approval of its Board of Issuer Directors, to sell shares of its common stock (during the next 12 months) at a price or prices below the Company's then current net asset value (NAV) per share in one or more offerings subject to certain conditions as set forth in the accompanying proxy statement (including that the number of shares sold on any given date does not exceed 25% of its outstanding common stock immediately prior to such sale). COMPANY NAME MEETING DATE CUSIP TICKER ------------------------------ -------------- -------------------------------------------------------------- ---------------------- GOLUB CAPITAL BDC, INC. 02-FEB-12 38173M-102 GBDC VOTE MANAGEMENT FOR PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER OR / AGAINST SECURITY HOLDER For For 1.1) Elect John Bailey as director for a term ending 2015 Issuer For For 1.2) Elect Kenneth Bernstein as director for a term ending 2015 Issuer For For 2) Ratify the selection of McGladrey & Pullen, LLP as the Issuer independent registered public accounting firm. COMPANY NAME MEETING DATE CUSIP TICKER ------------------------------ -------------- -------------------------------------------------------------- ---------------------- GLADSTONE CAPITAL 16-FEB-12 376535-100 GLAD CORPORATION VOTE MANAGEMENT FOR PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER OR / AGAINST SECURITY HOLDER Echo Voted -- For For 1.1) Elect Terry Lee Brubaker as director for a term ending 2015 Issuer Echo Voted -- For For 1.2) Elect David A.R. Dullum as director for a term ending 2015 Issuer Echo Voted -- For For 2) Approve a proposal to authorize the Company, with the Issuer approval of the Board of Directors, to issue and 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 set forth in the proxy statement, all as more fully described in the proxy statement. Echo Voted -- For For 3) Ratify audit committee to select PriceWaterHouseCoopers as Issuer independent public accounting firm COMPANY NAME MEETING DATE CUSIP TICKER ------------------------------ -------------- -------------------------------------------------------------- ---------------------- PENNANTPARK FLOATING 28-FEB-12 70806A-106 PFLT RATE CAP VOTE MANAGEMENT FOR PROPOSALS AT "SPECIAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER OR / AGAINST SECURITY HOLDER Echo Voted -- For For 1) Consider and vote upon a proposal to authorize flexibility Issuer for us, with the approval of the Board of Directors, to sell shares of our common stock, during the next 12 months, at a subject to certain limitations described in the joint proxy statement. COMPANY NAME MEETING DATE CUSIP TICKER ------------------------------ -------------- -------------------------------------------------------------- ---------------------- PENNANTPARK FLOATING 28-FEB-12 70806A-106 PFLT RATE CAP VOTE MANAGEMENT FOR PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER OR / AGAINST SECURITY HOLDER Echo Voted -- For For 1.1) Elect Marshall Brozost as director for a term ending 2015 Issuer Echo Voted -- For For 1.2) Elect Samuel Katz as director for a term ending 2015 Issuer Echo Voted -- For For 2) Ratify the selection of KPMG as the independent registered Issuer public accounting firm. COMPANY NAME MEETING DATE CUSIP TICKER ------------------------------ -------------- -------------------------------------------------------------- ---------------------- PENNANTPARK INVESTMENT 28-FEB-12 708062-104 PNNT CORPORATION VOTE MANAGEMENT FOR PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER OR / AGAINST SECURITY HOLDER Echo Voted -- For For 1.1) Elect Adam Bernstein as director for a term ending 2015 Issuer Echo Voted -- For For 1.2) Elect Jeffrey Flug as director for a term ending 2015 Issuer Echo Voted -- For For 2) Ratify the selection of KPMG as the independent registered Issuer public accounting firm. COMPANY NAME MEETING DATE CUSIP TICKER ------------------------------ -------------- -------------------------------------------------------------- ---------------------- PENNANTPARK INVESTMENT 28-FEB-12 708062-104 PNNT CORPORATION VOTE MANAGEMENT FOR PROPOSALS AT "SPECIAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER OR / AGAINST SECURITY HOLDER Echo Voted -- For For 1) Consider and vote upon a proposal to authorize flexibility Issuer for us, with the approval of the Board of Directors, to sell shares of our common stock, during the next 12 months, at a subject to certain limitations described in the joint proxy statement. COMPANY NAME MEETING DATE CUSIP TICKER ------------------------------ -------------- -------------------------------------------------------------- ---------------------- MEDLEY CAPITAL CORP. 09-MAR-12 58503F-106 MCC VOTE MANAGEMENT FOR PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER OR / AGAINST SECURITY HOLDER Echo Voted -- For For 1.1) Elect Andrew Fentress as director for a term ending 2015 Issuer Echo Voted -- For For 1.2) Elect Richard Dorfman as director for a term ending 2015 Issuer Echo Voted -- For For 2) Ratify selection of Ernsy & Young LLP as company's Issuer independent public accounting firm Echo Voted -- For For 3) Approve authorization of Medley Capital Corporation, with Issuer the approval of its Board of Directors, to sell shares of its common stock at a price or prices below Medley Capital Corporation's then current net asset value per share in one or more offerings, subject to certain conditions as set forth in the proxy statement (including, without limitation, that the number of shares issued does not exceed 25% of the Company's then outstanding common stock, at a price below, but no more than 20% below, its then current net asset value). Echo Voted -- For For 4) Approve authorization of Medley Capital Corporation to Issuer issue securities to subscribe to, convert to, or purchase shares of Medley Capital Corporation's common stock in one or more offerings. COMPANY NAME MEETING DATE CUSIP TICKER ------------------------------ -------------- -------------------------------------------------------------- ---------------------- MVC CAPITAL, INC. 12-MAR-12 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 Warren Holtsberg as director Issuer Echo Voted -- For For 1.4) Elect Robert Knapp as director Issuer Echo Voted -- For For 1.5) Elect William Taylor as director Issuer Echo Voted -- For For 1.6) Elect Michael Tokarz (Chairman) as director Issuer Echo Voted -- For For 2) Ratify the selection of Ernst & Young LLP as the independent registered public accounting firm. Issuer COMPANY NAME MEETING DATE CUSIP TICKER ------------------------------ -------------- -------------------------------------------------------------- ---------------------- FIFTH STREET FINANCE CORP. 04-APR-12 31678A-103 FSC VOTE MANAGEMENT FOR PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER OR / AGAINST SECURITY HOLDER Echo Voted -- For For 1.1) Elect Leonard Tannenbaum as director for term ending 2015 Issuer Echo Voted -- For For 1.2) Elect Bernard Berman as director for term ending 2015 Issuer Echo Voted -- For For 2) Ratify the selection of PricewaterhouseCoopers LLP as the Issuer independent registered public accounting firm. Echo Voted -- For For 3) Amend the investment advisory agreement between the Issuer Company and its investment adviser in order to change the structure of the income incentive fee payable to the investment adviser in a manner that would reduce the "hurdle rate" rquired for the investment adviser to ear, and be paid, the income income incentive fee. COMPANY NAME MEETING DATE CUSIP TICKER ------------------------------ -------------- -------------------------------------------------------------- ---------------------- AMERICAN CAPITAL, LTD. 27-APR-12 02503Y-103 ACAS VOTE MANAGEMENT FOR PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER OR / AGAINST SECURITY HOLDER Echo Voted -- For For 1.1) Elect Mary Baskin as director Issuer Echo Voted -- For For 1.2) Elect Neil Hahl as director Issuer Echo Voted -- For For 1.3) Elect Philip Harper as director Issuer Echo Voted -- For For 1.4) Elect John Koskinen as director Issuer Echo Voted -- For For 1.5) Elect Stan Lundine as director Issuer Echo Voted -- For For 1.6) Elect Kenneth Peterson as director Issuer Echo Voted -- For For 1.7) Elect Alvin Puryear as director Issuer Echo Voted -- For For 1.8) Elect Malon Wilkus as director Issuer Echo Voted -- For For 2) Adopt an amendment to the Third Amended and Restated Issuer Certificate of Incorporation to preserve certain tax benefits. Echo Voted -- For For 3) Ratify Ernst & Young LLP as the independent registered Issuer public accounting firm for the fiscal year 2009. COMPANY NAME MEETING DATE CUSIP TICKER ------------------------------ -------------- -------------------------------------------------------------- ---------------------- HATTERAS FINANCIAL CORP. 02-MAY-12 41902R-103 HTS VOTE MANAGEMENT FOR PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER OR / AGAINST SECURITY HOLDER For For 1.1) Elect Michael Hough (Chairman & CEO) as director Issuer For For 1.2) Elect Benjamin Hough (President & COO) as director Issuer For For 1.3) Elect David Berson as director Issuer For For 1.4) Elect Ira Kawaller as director Issuer For For 1.5) Elect Jeffrey Miller as director Issuer For For 1.6) Elect Thomas Wren as director Issuer For For 2) Ratify the selection of Ernst & Young LLP as the independent registered public accounting firm. Issuer For For 3) Approve, on an advisory basis, the compensation of named Issuer executive officers, as disclosed in the company's Proxy Statement for the 2012 Annual Meeting of Shareholders pursuant to the compensation disclosure rules of the Securities and Exchange Commission. COMPANY NAME MEETING DATE CUSIP TICKER ------------------------------ -------------- -------------------------------------------------------------- ---------------------- TRIANGLE CAPITAL 02-MAY-12 895848-109 TCAP CORPORATION VOTE MANAGEMENT FOR PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER OR / AGAINST SECURITY HOLDER For For 1.1) Elect Garland Tucker, III (Chairman, CEO, & President) Issuer as director For For 1.2) Elect Brent Burgess as director Issuer For For 1.3) Elect Stephen Lilly as director Issuer For For 1.4) Elect W. McComb Dunwoody as director Issuer For For 1.5) Elect Mark Gambill as director Issuer For For 1.6) Elect Benjamin Goldstein as director Issuer For For 1.7) Elect Simon Rich, Jr. as director Issuer For For 1.8) Elect Sherwood Smith, Jr. as director Issuer For For 2) Approve a proposal to authorize the Company, pursuant to Issuer appproval of its board of directors, to sell shares of its common stock or warrants, options or rights to acquire 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. For For 3) Approve the Company's 2012 Cash Incentive Plan. Issuer For For 4) Approve the increase in the maximum aggregate number of Issuer shares of the Company's common stock available for issuance under the Amended and Restated 2007 Equity Incentive Plan. COMPANY NAME MEETING DATE CUSIP TICKER ------------------------------ -------------- -------------------------------------------------------------- ---------------------- GLADSTONE COMMERCIAL 03-MAY-12 376536-108 GOOD CORPORATION VOTE MANAGEMENT FOR PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER OR / AGAINST SECURITY HOLDER Echo Voted -- For For 1.1) Elect Terry Lee Brubaker as director Issuer Echo Voted -- For For 1.2) Elect A.R. Dullum as director Issuer Echo Voted -- For For 1.3) Elect Jack Reilly as director Issuer Echo Voted -- For For 2) Ratify the selection of PwC (PricewaterhouseCoopers LLP) Issuer as the independent registered public accounting firm. COMPANY NAME MEETING DATE CUSIP TICKER ------------------------------ -------------- -------------------------------------------------------------- ---------------------- SOLAR CAPITAL LTD. 03-MAY-12 83413U-100 SLRC VOTE MANAGEMENT FOR PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER OR / AGAINST SECURITY HOLDER For For 1.1) Elect Michael Gross as director Issuer For For 1.2) Elect Leonard Potter as director Issuer For For 2) Authorize the Company, with approval of its Board of Issuer 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. The number of shares issued shall not exceed 25% of the Company's then outstanding common stock immediately prior to each such offering. COMPANY NAME MEETING DATE CUSIP TICKER ------------------------------ -------------- -------------------------------------------------------------- ---------------------- NEW MOUNTAIN FINANCE 08-MAY-12 647551-100 NMFC CORPORATION VOTE MANAGEMENT FOR PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER OR / AGAINST SECURITY HOLDER For For 1) Elect David Ogens as director Issuer For For 2) Authorize, on a pass-through basis, New MountaiN Finance Issuer Holdings, LLC to amend and restate the Investment Advisory and Managemenr Agreement between New Mountain Finance Holdings, LLC and New Mountain Finance Advisers BDC, LLC COMPANY NAME MEETING DATE CUSIP TICKER ------------------------------ -------------- -------------------------------------------------------------- ---------------------- CYS INVESTMENTS, INC. 10-MAY-12 12673A-108 CYS VOTE MANAGEMENT FOR PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER OR / AGAINST SECURITY HOLDER For For 1.1) Elect Kevin Grant as director Issuer For For 1.2) Elect Tanya Beder as director Issuer For For 1.3) Elect Douglas Crocker, II as director Issuer For For 1.4) Elect Jeffrey Hughes as director Issuer For For 1.5) Elect Stephen Jonas as director Issuer For For 1.6) Elect R.A. Redlingshafer as director Issuer For For 1.7) Elect James Stern as director Issuer For For 1.8) Elect David Tyson, Ph.D as director Issuer For For 2) Approve, on an advisory basis, the compensation of named Issuer executive officers, as disclosed in the company's Proxy Statement for the 2012 Annual Meeting of Shareholders pursuant to the compensation disclosure rules of the Securities and Exchange Commission. 1 year 1 year 3) Select the preferred voting frequency -- one year, two Issuer years, three years or abstain -- as to when the company shall hold a shareholder vote to approve the compensation of the named executive officers. For For 4) Ratify the selection of Deloitte & Touche LLP as Issuer independent registered public accounting firm COMPANY NAME MEETING DATE CUSIP TICKER ------------------------------ -------------- -------------------------------------------------------------- ---------------------- MARKEL CORP. 14-MAY-12 570535-104 MKL VOTE MANAGEMENT FOR PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER OR / AGAINST SECURITY HOLDER unvoted - custodian For 1.1) Elect J. Alfred Broaddus, Jr. as director administrative error Issuer unvoted - custodian For 1.2) Elect Douglas Eby as director administrative error Issuer unvoted - custodian For 1.3) Elect Stewart Kasen as director administrative error Issuer unvoted - custodian For 1.4) Elect Alan Kirshner (Chairman & CEO) as director administrative error Issuer unvoted - custodian For 1.5) Elect Lemuel Lewis as director administrative error Issuer unvoted - custodian For 1.6) Elect Darrell Martin as director administrative error Issuer unvoted - custodian For 1.7) Elect Anthony Markel (Vice-Chairman & ex-COO) as administrative error director Issuer unvoted - custodian For 1.8) Elect Steven Markel (Vice Chairman) as director administrative error Issuer unvoted - custodian For 1.9) Elect Jay Weinberg as director administrative error Issuer unvoted - custodian For 1.10) Elect Debora Wilson as director administrative error Issuer unvoted - custodian For 2) Ratify the selection of KPMG LLP as the independent administrative error registered public accounting firm. Issuer unvoted - custodian 3) Adoption of the Company's 2012 Equity Incentive administrative error Compensation Plan Issuer COMPANY NAME MEETING DATE CUSIP TICKER ------------------------------ -------------- -------------------------------------------------------------- ---------------------- NGP CAPITAL RESOURCES 16-MAY-12 62912R-107 NGPC COMPANY VOTE MANAGEMENT FOR PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER OR / AGAINST SECURITY HOLDER Echo Voted -- For For 1.1) Elect David Albin as director Issuer Echo Voted -- For For 1.2) Elect Lon Kile as director Issuer Echo Voted -- For For 2) Ratify the selection of Ernst & Young LLP as the independent registered public accounting firm. Issuer Echo Voted -- For For 3) Adjourn the annual meeting, if necessary, to solicit Issuer additional proxies if there are not sufficient votes to approve items #1 & #2 COMPANY NAME MEETING DATE CUSIP TICKER ------------------------------ -------------- -------------------------------------------------------------- ---------------------- FIDELITY NATIONAL 23-MAY-12 31620R-105 FNF FINANCIAL, INC. VOTE MANAGEMENT FOR PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER OR / AGAINST SECURITY HOLDER Echo Voted -- For For 1.1) Elect Frank Willey as director Issuer Echo Voted -- For For 1.2) Elect Willie Davis as director Issuer Echo Voted -- For For 2) Approve, on an advisory basis, the compensation of named Issuer executive officers, as disclosed in the company's Proxy Statement for the 2012 Annual Meeting of Shareholders pursuant to the compensation disclosure rules of the Securities and Exchange Commission. Echo Voted -- For For 3) Ratify the selection of KPMG LLP as the independent registered public accounting firm. Issuer COMPANY NAME MEETING DATE CUSIP TICKER ------------------------------ -------------- -------------------------------------------------------------- ---------------------- ANNALY CAPITAL 24-MAY-12 035710-409 NLY MANAGEMENT, INC. VOTE MANAGEMENT FOR PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER OR / AGAINST SECURITY HOLDER Echo Voted -- For For 1.1) Elect W. Denahan-Norris as director Issuer Echo Voted -- For For 1.2) Elect Michael Haylon as director Issuer Echo Voted -- For For 1.3) Elect Donnell Segalas as director Issuer Echo Voted -- For For 1.4) Elect Jonathan Green as director Issuer Echo Voted -- For For 2) Ratify the selection of Ernst & Young LLP as the independent registered public accounting firm. Issuer COMPANY NAME MEETING DATE CUSIP TICKER ------------------------------ -------------- -------------------------------------------------------------- ---------------------- NORTHSTAR REALTY 24-MAY-12 66704R-100 NRF FINANCE 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 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) Approve the NorthStar Realty Finance Corp. Amended and Restated 2004 Omnibus Stock Incentive Plan Issuer Echo Voted -- For For 3) Approve, on an advisory basis, the compensation of named Issuer executive officers, as disclosed in the company's Proxy Statement for the 2012 Annual Meeting of Shareholders pursuant to the compensation disclosure rules of the Securities and Exchange Commission. Echo Voted -- For For 4) Ratify the selection of Grant Thornton LLP as independent Issuer registered public accounting firm COMPANY NAME MEETING DATE CUSIP TICKER ------------------------------ -------------- -------------------------------------------------------------- ---------------------- COMPASS DIVERSIFIED 30-MAY-12 20451Q-104 CODI HOLDINGS VOTE MANAGEMENT FOR PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER OR / AGAINST SECURITY HOLDER Echo Voted -- For For 1.1) Elect C. Sean Day as director Issuer Echo Voted -- For For 1.2) Elect D. Eugene Ewing as director Issuer Echo Voted -- For For 2) Approve, on an advisory basis, the compensation of named Issuer executive officers, as disclosed in the company's Proxy Statement for the 2012 Annual Meeting of Shareholders pursuant to the compensation disclosure rules of the Securities and Exchange Commission. Echo Voted -- For For 4) Ratify the selection of Grant Thornton LLP as independent Issuer registered public accounting firm COMPANY NAME MEETING DATE CUSIP TICKER ------------------------------ -------------- -------------------------------------------------------------- ---------------------- HERCULES TECHNOLOGY 30-MAY-12 427096-508 HTGC GROWTH CAPITAL, INC. VOTE MANAGEMENT FOR PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER OR / AGAINST SECURITY HOLDER Echo Voted -- For For 1) Elect Allyn Woodward, Jr. as director Issuer Echo Voted -- For For 2) Ratify the selection of PwC (PricewaterhouseCoopers LLP) as the independent registered public accounting firm. Issuer Echo Voted -- For For 3) Approve, on an advisory basis, the compensation of named Issuer executive officers, as disclosed in the company's Proxy Statement for the 2012 Annual Meeting of Shareholders pursuant to the compensation disclosure rules of the Securities and Exchange Commission. Echo Voted -- For For 4) Authorize the Company, with approval of the board of Issuer directors, to sell or otherwise 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 5) Authorize the Company, with approval of the board of Issuer directors, to offer and issue 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 market value per share but may be below the Company's then current NAV per share. COMPANY NAME MEETING DATE CUSIP TICKER ------------------------------ -------------- -------------------------------------------------------------- ---------------------- MCG CAPITAL CORPORATION 30-MAY-12 58047P-107 MCGC VOTE MANAGEMENT FOR PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" [VOTED PROPOSED BY ISSUER OR / AGAINST OPPOSITION BALLOT] SECURITY HOLDER ---------- Echo Voted -- For For 1) Elect A. Hugh Ewing, III as director Issuer Echo Voted -- For For 2) Elect Kenneth O'Keefe as director Issuer Echo Voted -- For For 3) Elect Gavin Saitowitz as director Issuer Echo Voted -- For For 4) Ratify the selection of Ernst & Young LLP as the independent registered public accounting firm. Issuer Echo Voted -- For For 5) Approve, on an advisory basis, the compensation of named Issuer executive officers, as disclosed in the company's Proxy Statement for the 2012 Annual Meeting of Shareholders pursuant to the compensation disclosure rules of the Securities and Exchange Commission. COMPANY NAME MEETING DATE CUSIP TICKER ------------------------------ -------------- -------------------------------------------------------------- ---------------------- BLACKROCK KELSO CAPITAL 31-MAY-12 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 William Mayer as director Issuer Echo Voted -- For For 1.2) Elect F. De Saint Phalle as director 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 (during the next 12 months) 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) Ratify the selection of Deloitte & Touche LLP as Issuer independent registered public accounting firm COMPANY NAME MEETING DATE CUSIP TICKER ------------------------------ -------------- -------------------------------------------------------------- ---------------------- ARES CAPITAL CORPORATION 04-JUN-12 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 Gregory Penske as director Issuer Echo Voted -- For For 1.2) Elect Robert Rosen as director Issuer Echo Voted -- For For 1.3) Elect Bennett Rosenthal as director Issuer Echo Voted -- For For 2) Ratify the selection of KPMG LLP as the independent registered public accounting firm. Issuer Echo Voted -- For For 3) Authorize the Company, with approval of the Board of Issuer Directors, to sell or otherwise issue shares of its common stock at a price below its then current net asset value per share subject to the limitations set forth in the proxy statement. COMPANY NAME MEETING DATE CUSIP TICKER ------------------------------ -------------- -------------------------------------------------------------- ---------------------- FIDUS INVESTMENT CORP. 06-JUN-12 316500-107 FDUS VOTE MANAGEMENT FOR PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER OR / AGAINST SECURITY HOLDER Echo Voted -- For For 1) Elect Charles Hyman as director Issuer Echo Voted -- For For 2) Authorize the Company, pursuant to approval of the Board Issuer of Directors, to sell or otherwise issue shares of its common stock during the next year at a price below its then current net asset value per share, subject to certain conditions as set forth in the proxy statement. Echo Voted -- For For 3) Authorize the Company to issue warrants, options or rights Issuer to subscribe to, convert to, or purchase the Company's common stock in one or more offerings. COMPANY NAME MEETING DATE CUSIP TICKER ------------------------------ -------------- -------------------------------------------------------------- ---------------------- THL CREDIT, INC. 07-JUN-12 872438-106 TCRD VOTE MANAGEMENT FOR PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER OR / AGAINST SECURITY HOLDER Echo Voted -- For For 1.1) Elect James Hunt as director Issuer Echo Voted -- For For 1.2) Elect Keith Hughes as director Issuer Echo Voted -- For For 2) Amend the Company's Amended and Restated Certificate of Issuer Incorporation to eliminate classification of the Board of Directors Echo Voted -- For For 3) Ratify the selection of PwC (PricewaterhouseCoopers LLP) Issuer as the independent registered public accounting firm. Echo Voted -- For For 4) Authorize the Company to sell or otherwise issue up to 25% Issuer of the Company's outstanding common stock at a price below the Company's then current NAV. Echo Voted -- For For 5) Authorize the Company to offer and issue debt with Issuer 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 market value per share but may be below the Company's then current NAV per share. COMPANY NAME MEETING DATE CUSIP TICKER ------------------------------ -------------- -------------------------------------------------------------- ---------------------- MEDALLION FINANCIAL CORP. 08-JUN-12 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 Stanley Kreitman as director Issuer Echo Voted -- For For 1.2) Elect Frederick Menowitz as director Issuer Echo Voted -- For For 1.3) Elect David Rudnick as director Issuer Echo Voted -- For For 2) Ratify the selection of Weisermazars LLP as the Issuer independent registered public accounting firm. Echo Voted -- For For 3) Approve, on an advisory basis, the compensation of named Issuer executive officers, as disclosed in the company's Proxy Statement for the 2012 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 Issuer years, 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 ------------------------------ -------------- -------------------------------------------------------------- ---------------------- HORIZON TECHNOLOGY FINANCE 11-JUN-12 44045A-102 HRZN CORPORATION VOTE MANAGEMENT FOR PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER OR / AGAINST SECURITY HOLDER Echo Voted -- For For 1.1) Elect Gerald Michaud as director Issuer Echo Voted -- For For 1.2) Elect Edmund Mahoney as director Issuer Echo Voted -- For For 1.3) Elect Elaine Sarsynski as director Issuer Echo Voted -- For For 2) Ratify the selection of McGladrey & Pullen, LLP as the Issuer independent registered public accounting firm. COMPANY NAME MEETING DATE CUSIP TICKER ------------------------------ -------------- -------------------------------------------------------------- ---------------------- HORIZON TECHNOLOGY FINANCE 11-JUN-12 44045A-102 HRZN CORPORATION VOTE MANAGEMENT FOR PROPOSALS AT "SPECIAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER OR / AGAINST SECURITY HOLDER Echo Voted -- For For 1) Authorize the Company, with approval of its board of Issuer directors, to 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, subject to certain conditions as set forth in the proxy statement. COMPANY NAME MEETING DATE CUSIP TICKER ------------------------------ -------------- -------------------------------------------------------------- ---------------------- MAIN STREET CAPITAL 15-JUN-11 56035L-104 MAIN CORPORATION VOTE MANAGEMENT FOR PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER OR / AGAINST SECURITY HOLDER unvoted - custodian For 1.1) Elect Michael Appling Jr. as director Issuer administrative error unvoted - custodian For 1.2) Elect Joseph Canon as director Issuer administrative error unvoted - custodian For 1.3) Elect Arthur French as director Issuer administrative error unvoted - custodian For 1.4) Elect J. Kevin Griffin as director Issuer administrative error unvoted - custodian For 1.5) Elect Vincent Foster (Chairman & CEO) as director Issuer administrative error unvoted - custodian For 1.6) Elect Todd Reppert (President & CFO) as director Issuer administrative error unvoted - custodian For 2) Authorize the Company, with the approval of the Board of Issuer administrative error Directors, to sell shares of its common stock during the next 12 months at a price below the then current net asset value (NAV) per share, subject to certain limitations described in the accompanying proxy statement. COMPANY NAME MEETING DATE CUSIP TICKER ------------------------------ -------------- -------------------------------------------------------------- ---------------------- KOHLBERG CAPITAL 15-JUN-12 500233-101 KCAP CORPORATION VOTE MANAGEMENT FOR PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER OR / AGAINST SECURITY HOLDER Echo Voted -- For For 1.1) Elect Christopher Lacovara as director Issuer Echo Voted -- For For 1.2) Elect Dayl Pearson as director Issuer Echo Voted -- For For 2) Approve, on an advisory basis, the compensation of named Issuer executive officers, as disclosed in the company's Proxy Statement for the 2012 Annual Meeting of Shareholders pursuant to the compensation disclosure rules of the Securities and Exchange Commission. Echo Voted -- For For 3) Approve an amendment of Article I of the Certificate of Issuer Incorporation of Kohlberg Capital Corporation to change the Company's name to KCAP Financial, Inc. Echo Voted -- For For 4) Ratify the selection of Grant Thornton LLP as independent Issuer registered public accounting firm COMPANY NAME MEETING DATE CUSIP TICKER ------------------------------ -------------- -------------------------------------------------------------- ---------------------- KOHLBERG CAPITAL 22-JUN-12 500233-101 KCAP CORPORATION VOTE MANAGEMENT FOR PROPOSALS AT "SPECIAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER OR / AGAINST SECURITY HOLDER Echo Voted -- For For 1) Authorize the Company, with approval of its board of Issuer directors, to sell shares of its common stock, par value $0.01 per shares, 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 ------------------------------ -------------- -------------------------------------------------------------- ---------------------- TICC CAPITAL CORP. 27-JUN-12 87244T-109 TICC VOTE MANAGEMENT FOR PROPOSALS AT "ANNUAL MEETING OF SHAREHOLDERS" PROPOSED BY ISSUER OR / AGAINST SECURITY HOLDER Echo Voted -- For For 1.1) Elect Jonathan Cohen as director Issuer Echo Voted -- For For 1.2) Elect G. Peter O'brien as director Issuer Echo Voted -- For For 2) Ratify the selection of PwC (PricewaterhouseCoopers LLP) Issuer as the independent registered public accounting firm.

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/ Mark R. Bradley ----------------------------------- Mark R. Bradley, President Date July 24, 2012 ------------------------- * Print the name and title of each signing officer under his or her signature.