Fund

RIF

Company

ALEXANDRIA REAL ESTATE EQUITIES, INC.

Ticker:

ARE

Cusip:

015271-109

Meeting Date:

5/21/2012

Record Date:

4/9/2012

Management

Vote

#

Proposal

Recommendation

Cast

Sponsor

1

VOTE FOR THE ELECTION OF THE FOLLOWING NOMINEES AS DIRECTOR: 1) JOEL S. MARCUS 2) RICHARD B. JENNINGS 3) JOHN L. ATKINS, III 4) MARIA C. FREIRE 5) RICHARD H. KLEIN 6) JAMES H. RICHARDSON 7) MARTIN A. SIMONETTI

FOR

FOR

MANAGEMENT

2

TO RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS THE COMPANY’S INDEPENDENT REGISTERED PUBLIC ACCOUNTANTS FOR THE FISCAL YEAR ENDING DECEMBER 31, 2012

FOR

FOR

MANAGEMENT

3

TO CAST A NON-BINDING, ADVISORY VOTE ON A RESOLUTION TO APPROVE THE COMPENSATION OF THE COMPANY’S NAMED EXECUTIVE OFFICERS

FOR

FOR

MANAGEMENT

Company

AMERICAN CAMPUS COMMUNITIES, INC.

Ticker:

ACC

Cusip:

24835100

Meeting Date:

5/3/2012

Record Date:

3/12/2012

Management

Vote

#

Proposal

Recommendation

Cast

Sponsor

1A

VOTE FOR THE ELECTION OF THE FOLLOWING NOMINEES: 1) WILLIAM C. BAYLESS JR. 2) R.D. BURCK 3) G. STEVEN DAWSON 4) CYDNEY C. DONNELL 5) EDWARD LOWENTHAL 6) WINSTON W. WALKER

FOR

FOR

MANAGEMENT

2

RATIFICATION OF ERNST & YOUNG AS OUR INDEPENDENT AUDITORS FOR 2012

FOR

FOR

MANAGEMENT

3

TO PROVIDE A NON-BINDING ADVISORY VOTE APPROVING THE COMPANY’S EXECUTIVE COMPENSATION PROGRAM

FOR

FOR

MANAGEMENT

Company

ANNALY CAPITAL MANAGEMENT, INC.

Ticker:

NLY

Cusip:

035710-409

Meeting Date:

5/24/2012

Record Date:

3/30/2012

Management

Vote

#

Proposal

Recommendation

Cast

Sponsor

1.1

ELECTION OF DIRECTOR: W. DENAHAN NORRIS

FOR

FOR

MANAGEMENT

1.2

ELECTION OF DIRECTOR: MICHAEL HAYLON

FOR

FOR

MANAGEMENT

1.3

ELECTION OF DIRECTOR: DONNELL A. SEGALAS

FOR

FOR

MANAGEMENT

1.4

ELECTION OF DIRECTOR: JONATHAN D. GREEN

FOR

FOR

MANAGEMENT

2

RATIFICATION OF THE APPOINTMENT OF ERNST & YOUNG LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE COMPANY FOR THE 2012 FISCAL YEAR

FOR

FOR

MANAGEMENT

Company

APARTMENT INVESTMENT AND MANAGEMENT CO.

Ticker:

AIV

Cusip:

03748R-101

Meeting Date:

4/30/2012

Record Date:

2/22/2012

Management

Vote

#

Proposal

Recommendation

Cast

Sponsor

1A

ELECTION OF DIRECTOR: JAMES N. BAILEY

FOR

FOR

MANAGEMENT

1B

ELECTION OF DIRECTOR: TERRY CONSIDINE

FOR

FOR

MANAGEMENT

1C

ELECTION OF DIRECTOR: THOMAS L. KELTNER

FOR

FOR

MANAGEMENT

1D

ELECTION OF DIRECTOR: J. LANDIS MARTIN

FOR

FOR

MANAGEMENT

1E

ELECTION OF DIRECTOR: ROBERT A. MILLER

FOR

FOR

MANAGEMENT

1F

ELECTION OF DIRECTOR: KATHLEEN M. NELSON

FOR

FOR

MANAGEMENT

1G

ELECTION OF DIRECTOR: MICHAEL A. STEIN

FOR

FOR

MANAGEMENT

2

RATIFICATION OF THE SELECTION OF ERNST & YOUNG LLP TO SERVE AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR AIMCO FOR THE YEAR ENDING DECEMBER 31, 2012

FOR

FOR

MANAGEMENT

3

ADVISORY VOTE ON EXECUTIVE COMPENSATION

FOR

FOR

MANAGEMENT

Company

ASHFORD HOSPITALITY TRUST, INC.

Ticker:

AHT

Cusip:

044103-109

Meeting Date:

5/15/2012

Record Date:

3/6/2012

Management

Vote

#

Proposal

Recommendation

Cast

Sponsor

1

VOTE FOR THE ELECTION OF THE FOLLOWING NOMINEES AS DIRECTOR: 1) ARCHIE BENNETT, JR. 2) MONTY J. BENNETT 3) BENJAMIN J. ANSELL, MD 4) THOMAS E. CALLAHAN 5) MARTIN L. EDELMAN 6) W. MICHAEL MURPHY 7) PHILLIP S. PAYNE

FOR

FOR

MANAGEMENT

2

TO RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER 31, 2012

FOR

FOR

MANAGEMENT

3

TO OBTAIN ADVISORY APPROVAL OF THE COMPANY’S EXECUTIVE COMPENSATION

FOR

FOR

MANAGEMENT

Company

ASSOCIATED ESTATES REALTY CORPORATION

Ticker:

AEC

Cusip:

045604-105

Meeting Date:

5/9/2012

Record Date:

3/20/2012

Management

Vote

#

Proposal

Recommendation

Cast

Sponsor

1

VOTE FOR THE ELECTION OF THE FOLLOWING NOMINEES FOR DIRECTOR: 1) ALBERT T. ADAMS 2) JEFFREY I. FRIEDMAN 3) MICHAEL E. GIBBONS 4) MARK L, MILSTEIN 5) JAMES J. SANFILIPPO 6) JAMES A. SCHOFF 7) RICHARD T. SCHWARZ

FOR

FOR

MANAGEMENT

2

TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS THE COMPANY’S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE COMPANY’S FISCAL YEAR ENDING DECEMBER 31, 2012

FOR

FOR

MANAGEMENT

3

TO APPROVE THE COMPENSATION OF THE COMPANY’S NAMED EXECUTIVE OFFICERS

FOR

FOR

MANAGEMENT

Company

AVALONBAY COMMUNITIES, INC.

Ticker:

AVB

Cusip:

053484-101

Meeting Date:

5/23/2012

Record Date:

3/9/2012

Management

Vote

#

Proposal

Recommendation

Cast

Sponsor

1

VOTE FOR THE ELECTION OF THE FOLLOWING NOMINEES FOR DIRECTOR: 1) BRYCE BLAIR 2) ALAN B. BUCKELEW 3) BRUCE A. CHOATE 4) JOHN J. HEALY, JR. 5) TIMOTHY J. NAUGHTON 6) LANCE R. PRIMIS 7) PETER S. RUMMELL 8) H. JAY SARLES 9) W. EDWARD WALTER

FOR

FOR

MANAGEMENT

2

TO RATIFY THE SELECTION OF ERNST & YOUNG LLP AS THE COMPANY’S INDEPENDENT AUDITORS FOR THE YEAR ENDING DECEMBER 31, 2012

FOR

FOR

MANAGEMENT

3

TO ADOPT A RESOLUTION APPROVING, ON A NON-BINDING ADVISORY BASIS, THE COMPENSATION PAID TO THE COMPANY’S NAMED EXECUTIVE OFFICERS, AS DISCLOSED PURSUANT TO ITEM 402 OF REGULATION S-K, INCLUDING THE COMPENSATION DISCUSSION AND ANALYSIS, COMPENSATION TABLES AND NARRATIVE DISCUSSION SET FORTH IN THE PROXY STATEMENT

FOR

FOR

MANAGEMENT

4

TO CAST A VOTE ON A STOCKHOLDER PROPOSAL CONCERNING THE PREPARATION OF A SUSTAINABILITY REPORT, IF THE PROPOSAL IS PROPERLY PRESENTED AT THE ANNUAL MEETING OF STOCKHOLDERS

AGAINST

AGAINST

SHAREHOLDER

Company

BLACKROCK CREDIT ALLOCATION INCOME TRUST IV

Ticker:

BTZ

Cusip:

092508-100

Meeting Date:

7/27/2012

Record Date:

5/31/2012

Management

Vote

#

Proposal

Recommendation

Cast

Sponsor

1

A VOTE FOR THE ELECTION OF THE FOLLOWING NOMINEES AS DIRECTOR: 1) FRANK J. FABOZZI 2) JAMES T. FLYNN 3) KAREN P. ROBARDS

FOR

FOR

MANAGEMENT

Company

BIOMED REALTY TRUST, INC.

Ticker:

BMR

Cusip:

09063H-107

Meeting Date:

5/30/2012

Record Date:

3/13/2012

Management

Vote

#

Proposal

Recommendation

Cast

Sponsor

1

A VOTE FOR THE ELECTION OF THE FOLLOWING NOMINEES AS DIRECTOR: 1) ALAN D. GOLD 2) BARBARA R. CAMBON 3) EDWARD A. DENNIS, PH.D. 4) RICHARD I. GILCHRIST 5) GARY A. KREITZER 6) THEODORE D.ROTH 7) M. FAYE WILSON

FOR

FOR

MANAGEMENT

2

RATIFICATION OF THE SELECTION OF KPMG LLP AS THE COMPANY’S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE YEAR ENDING DECEMBER 31, 2012

FOR

FOR

MANAGEMENT

3

TO APPROVE A NONBINDING ADVISORY RESOLUTION ON THE COMPANY’S EXECUTIVE COMPENSATION

FOR

FOR

MANAGEMENT

Company

BOSTON PROPERTIES, INC.

Ticker:

BXP

Cusip:

101121-101

Meeting Date:

5/15/2012

Record Date:

3/21/2012

Management

Vote

#

Proposal

Recommendation

Cast

Sponsor

1A

ELECTION OF DIRECTOR: LAWRENCE S. BACOW

FOR

FOR

MANAGEMENT

1B

ELECTION OF DIRECTOR: ZOE BAIRD BUDINGER

FOR

FOR

MANAGEMENT

1C

ELECTION OF DIRECTOR: DOUGLAS T. LINDE

FOR

FOR

MANAGEMENT

1D

ELECTION OF DIRECTOR: MATTHEW J. LUSTIG

FOR

FOR

MANAGEMENT

1E

ELECTION OF DIRECTOR: ALAN J. PATRICOF

FOR

FOR

MANAGEMENT

1F

ELECTION OF DIRECTOR: MARTIN TURCHIN

FOR

FOR

MANAGEMENT

1G

ELECTION OF DIRECTOR: DAVID A. TWARDOCK

FOR

FOR

MANAGEMENT

2

TO APPROVE, BY NON-BINDING RESOLUTION, THE COMPANY’S NAMED EXECUTIVE OFFICER COMPENSATION

FOR

FOR

MANAGEMENT

3

TO APPROVE THE BOSTON PROPERTIES, INC. 2012 STOCK OPTION AND INCENTIVE PLAN

FOR

FOR

MANAGEMENT

4

TO RATIFY THE AUDIT COMMITTEE’S APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER 31, 2012

FOR

FOR

MANAGEMENT

Company

BRANDYWINE REALTY TRUST

Ticker:

BDN

Cusip:

105368-203

Meeting Date:

5/31/2012

Record Date:

4/2/2012

Management

Vote

#

Proposal

Recommendation

Cast

Sponsor

1

A VOTE FOR THE ELECTION OF THE FOLLOWING NOMINEES AS DIRECTORS: 1) WALTER D’ALESSIO 2) ANTHONY A. NICHOLS, SR. 3) GERARD H. SWEENEY 4) WYCHE FOWLER 5) MICHAEL J.JOYCE 6) CHARLES P. PIZZI 7) JAMES C. DIGGS

FOR

FOR

MANAGEMENT

2

RATIFICATION OF THE AUDIT COMMITTEE’S APPOINTMENT OF PRICEWATERHOUSECOOPER5 LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR CALENDAR YEAR 2012

FOR

FOR

MANAGEMENT

3

PROVIDE AN ADVISORY, NON-BINDING VOTE ON OUR EXECUTIVE COMPENSATION

FOR

FOR

MANAGEMENT

Company

BRE PROPERTIES, INC.

Ticker:

BRE

Cusip:

05564E-106

Meeting Date:

5/15/2012

Record Date:

3/15/2012

Management

Vote

#

Proposal

Recommendation

Cast

Sponsor

1

A VOTE FOR THE ELECTION OF THE FOLLOWING NOMINEES FOR DIRECTOR: 1) IRVING F. LYONS, III 2) PAULA F. DOWNEY 3) CHRISTOPHER J. MCGURK 4) MATTHEW T. MEDEIROS 5) CONSTANCE B, MOORE 6) JEANNE R. MYERSON 7) JEFFREY T. PERO 8) THOMAS E. ROBINSON 9) DENNIS E. SINGLETON 10) THOMAS P. SULLIVAN

FOR

FOR

MANAGEMENT

2

TO RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM OF THE COMPANY

FOR

FOR

MANAGEMENT

3

TO APPROVE, BY NON-BINDING ADVISORY VOTE, THE COMPENSATION OF THE NAMED EXECUTIVE OFFICERS OF THE COMPANY

FOR

FOR

MANAGEMENT

Company

BROOKFIELD OFFICE PROPERTIES INC.

Ticker:

BPO

Cusip:

112900-105

Meeting Date:

5/3/2012

Record Date:

3/12/2012

Management

Vote

#

Proposal

Recommendation

Cast

Sponsor

1

A VOTE FOR THE ELECTION OF THE FOLLOWING NOMINEES FOR DIRECTOR: 1) MR. GORDON E. ARNELL 2) MR. WILLIAM T. CAHILL 3) MR. CHRISTIE J.B. CLARK 4) MR. RICHARD B. CLARK 6) MR. JACK L COGKWELL 6) MR. J. BRUCE FLATT 7) MR. MICHAEL HEGARTY 8) MR. PAUL J. MASSEY JR. 9) MR. F. ALLAN MCDONALD 10) MR. ROBERT L. STELZL 11) MR. JOHN E. ZUCCOTTI

FOR

FOR

MANAGEMENT

2

THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS AUDITORS AND AUTHORIZING THE DIRECTORS TO FIX THE AUDITORS REMUNERATION

FOR

FOR

MANAGEMENT

3

THE ADVISORY RESOLUTION ON THE CORPORATION’S APPROACH TO EXECUTIVE COMPENSATION

FOR

FOR

MANAGEMENT

Company

CBL & ASSOCIATES PROPERTIES, INC.

Ticker:

CBL

Cusip:

124830-100

Meeting Date:

5/7/2012

Record Date:

3/9/2012

Management

Vote

#

Proposal

Recommendation

Cast

Sponsor

1

A VOTE FOR THE ELECTION OF THE FOLLOWING NOMINEES FOR DIRECTOR: 1) JOHN N. FOY 2) THOMAS J. DEROSA 3) MATTHEWS. DOMINSKI

FOR

FOR

MANAGEMENT

2

TO RATIFY THE SELECTION OF DELOITTE & TOUCHE, LLP AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTANTS FOR THE COMPANY’S FISCAL YEAR ENDING DECEMBER 31, 2012

FOR

FOR

MANAGEMENT

3

AN ADVISORY VOTE ON THE APPROVAL OF EXECUTIVE COMPENSATION

FOR

FOR

MANAGEMENT

4

TO APPROVE THE ADOPTION OF THE CBL & ASSOCIATES PROPERTIES, INC. 2012 STOCK INCENTIVE PLAN

FOR

FOR

MANAGEMENT

Company

CBRE GROUP, INC.

Ticker:

CBG

Cusip:

125041-109

Meeting Date:

5/8/2012

Record Date:

3/9/2012

Management

Vote

#

Proposal

Recommendation

Cast

Sponsor

1

A VOTE FOR THE ELECTION OF THE FOLLOWING NOMINEES FOR DIRECTOR: 1) RICHARD C. BLUM 2) CURTIS F. FEENY 3) BRADFORD M. FREEMAN 4) MICHAEL KANTOR 5) FREDERIC V. MALEK 6) JANE J. SU 7) LAURA D.TYSON 8) BRETT WHITE 9) GARY L. WILSON 10) RAY WIRTA

FOR

FOR

MANAGEMENT

2

RATIFICATION OF KPMG LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

FOR

FOR

MANAGEMENT

3

APPROVAL OF AN ADVISORY RESOLUTION APPROVING EXECUTIVE COMPENSATION

FOR

FOR

MANAGEMENT

4

APPROVAL OF THE 2012 EQUITY INCENTIVE PLAN

FOR

FOR

MANAGEMENT

Company

CEDAR REALTY TRUST INC.

Ticker:

CDR

Cusip:

150602-209

Meeting Date:

6/15/2012

Record Date:

4/24/2012

Management

Vote

#

Proposal

Recommendation

Cast

Sponsor

1.1

ELECTION OF DIRECTOR: JAMES J. BURNS

FOR

FOR

MANAGEMENT

1.2

ELECTION OF DIRECTOR: RAGHUNATH DAVLOOR

FOR

FOR

MANAGEMENT

1.3

ELECTION OF DIRECTOR: PAMELA N. HOOTKIN

FOR

FOR

MANAGEMENT

1.4

ELECTION OF DIRECTOR: EVERETT B. MILLER, III

FOR

FOR

MANAGEMENT

1.5

ELECTION OF DIRECTOR: BRUCE J. SCHANZER

FOR

FOR

MANAGEMENT

1.6

ELECTION OF DIRECTOR: ROGER M. WIDMANN

FOR

FOR

MANAGEMENT

2

TO APPROVE THE 2012 STOCK INCENTIVE PLAN

FOR

FOR

MANAGEMENT

3

THE APPROVAL (NON-BINDING) OF THE COMPENSATION OF THE COMPANY’S NAMED EXECUTIVE OFFICERS

FOR

FOR

MANAGEMENT

4

TO RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING F1RM FOR THE FISCAL YEAR ENDING DECEMBER 31, 2012

FOR

FOR

MANAGEMENT

Company

CHATHAM LODGING TRUST

Ticker:

CLDT

Cusip:

16208T-102

Meeting Date:

5/1/2012

Record Date:

3/23/2012

Management

Vote

#

Proposal

Recommendation

Cast

Sponsor

1

A VOTE FOR THE ELECTION OF THE FOLLOWING NOMINEES FOR DIRECTOR: 1) JEFFREY H. FISHER 2) MILES BERGER 3) THOMAS J. CROCKER 4) JACK P. DEBOER 5) GLEN R. GILBERT 6) C. GERALD GOLDSMITH 7) ROBERT PERLMUTTER 8) ROLF RUHFUS 9) JOEL ZEMANS

FOR

FOR

MANAGEMENT

2

RATIFICATION OF SELECTION OF INDEPENDENT AUDITORS

FOR

FOR

MANAGEMENT

3

APPROVAL, ON AN ADVISORY BASIS, OF EXECUTIVE COMPENSATION

FOR

FOR

MANAGEMENT

Company

CHESAPEAKE LODGING TRUST

Ticker:

CHASP

Cusip:

165240-102

Meeting Date:

5/25/2012

Record Date:

3/30/2012

Management

Vote

#

Proposal

Recommendation

Cast

Sponsor

1

A VOTE FOR THE ELECTION OF THE FOLLOWING NOMINEES AS DIRECTOR: 1) JAMES L. FRANCIS 2) DOUGLAS W. VICARI 3) THOMAS A. NATELLI 4) THOMAS 0. ECKERT 5) JOHN W. HILL 6) GEORGE F. MCKENZIE 7) JEFFREY D. NUECHTERLEIN

FOR

FOR

MANAGEMENT

2

CONSIDER AND VOTE UPON A PROPOSAL TO RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS THE COMPANY’S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE THE FISCAL YEAR ENDING DECEMBER 31, 2012

FOR

FOR

MANAGEMENT

3

CONSIDER AND VOTE UPON A PROPOSAL TO APPROVE AN AMENDMENT TO THE COMPANY’S EQUITY PLAN

FOR

FOR

MANAGEMENT

4

CONSIDER AND VOTE UPON A NON-BINDING ADVISORY PROPOSAL TO APPROVE THE COMPANY’S EXECUTIVE COMPENSATION PROGRAMS AS DESCRIBED IN THE COMPANY’S 2012 PROXY STATEMENT

FOR

FOR

MANAGEMENT

Company

COGDELL SPENCER INC.

Ticker:

CSA

Cusip: