N-PX 1 2019formnpxteaf.htm

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 number 
811-23248


Tortoise Essential Assets Income Term Fund
(Exact Name of Registrant as specified in charter)


11550 Ash Street, Suite 300, Leawood, KS 66211
(Address of Principal Executive Offices) (Zip code)


P. Bradley Adams
11550 Ash Street, Suite 300, Leawood, KS 66211
(Name and Address of Agent For Service)


Registrant's telephone number, including area code: 913-981-1020


Date of fiscal year end: November 30


Date of reporting period: July 1, 2018 - June 30, 2019

Item 1. Proxy Voting Record

   
Vote Summary
                                                                
   
SUEZ SA
                                                                
   
Security
    
F6327G101
                      
Meeting Type
      
Annual
                  
   
Ticker Symbol
  
SZEVF
                      
Meeting Date
      
14-May-2019
              
   
ISIN
    
FR0010613471
                                                        
                                                                         
   
Item
Proposal
                  
Proposed
by
  
Vote
    
For/Against
Management
              
   
O.1
APPROVAL OF CORPORATE FINANCIAL STATEMENT
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER
2018
Management
    
For
      
For
                          
   
O.2
APPROVAL OF CONSOLIDATED FINANCIAL
STATEMENT FOR THE FINANCIAL YEAR ENDED 31
DECEMBER 2018
Management
    
For
      
For
                          
   
O.3
ALLOCATION OF INCOME FOR THE FINANCIAL YEAR
ENDED 31 DECEMBER 2018 AND SETTING THE
DIVIDEND: 0.65 EURO PER SHARE
Management
    
For
      
For
                          
   
O.4
RENEWAL OF THE TERM OF OFFICE OF MRS.
ISABELLE KOCHER AS DIRECTOR
Management
    
For
      
For
                          
   
O.5
RENEWAL OF THE TERM OF OFFICE OF MRS. ANNE
LAUVERGEON AS DIRECTOR
Management
    
Against
      
Against
                          
   
O.6
RENEWAL OF THE TERM OF OFFICE OF MR.
NICOLAS BAZIRE AS DIRECTOR
Management
    
For
      
For
                          
   
O.7
APPOINTMENT OF MR. BERTRAND CAMUS AS
DIRECTOR
Management
    
For
      
For
                          
   
O.8
APPOINTMENT OF MRS. MARTHA J. CRAWFORD AS
DIRECTOR
Management
    
For
      
For
                          
   
O.9
APPROVAL OF THE COMPENSATION ELEMENT DUE
OR AWARDED TO MR. GERARD MESTRALLET,
CHAIRMAN OF THE BOARD OF DIRECTORS, FOR
THE FINANCIAL YEAR 2018
Management
    
For
      
For
                          
   
O.10
APPROVAL OF THE COMPENSATION POLICY OF MR.
GERARD MESTRALLET, CHAIRMAN OF THE BOARD
OF DIRECTORS, FOR THE FINANCIAL YEAR 2019,
FOR THE PERIOD FROM 01 JANUARY 2019 TO 14
MAY 2019
Management
    
For
      
For
                          
   
O.11
APPROVAL OF THE COMPENSATION POLICY OF MR.
JEAN-LOUIS CHAUSSADE, CHAIRMAN OF THE
BOARD OF DIRECTORS, FOR THE FINANCIAL YEAR
2019, FOR THE PERIOD FROM 14 MAY 2019 TO 31
DECEMBER 2019
Management
    
For
      
For
                          
   
O.12
APPROVAL OF THE COMPENSATION ELEMENT DUE
OR AWARDED TO MR. JEAN-LOUIS CHAUSSADE,
CHIEF EXECUTIVE OFFICER, FOR THE FINANCIAL
YEAR 2018
Management
    
For
      
For
                          
   
O.13
APPROVAL OF THE COMPENSATION POLICY OF MR.
JEAN-LOUIS CHAUSSADE, CHIEF EXECUTIVE
OFFICER FOR THE FINANCIAL YEAR 2019, FOR THE
PERIOD FROM 01 JANUARY 2019 TO 14 MAY 2019
Management
    
For
      
For
                          
   
O.14
APPROVAL OF THE COMPENSATION POLICY OF MR.
BERTRAND CAMUS, CHIEF EXECUTIVE OFFICER
FOR THE FINANCIAL YEAR 2019, FOR THE PERIOD
FROM 14 MAY 2019 TO 31 DECEMBER 2019
Management
    
For
      
For
                          
   
O.15
APPROVAL OF REGULATED COMMITMENTS MADE
FOR THE BENEFIT OF MR. BERTRAND CAMUS,
CHIEF EXECUTIVE OFFICER, RELATING TO
SEVERANCE PAY AND FOR NON-COMPETITION
COVENANT
Management
    
For
      
For
                          
   
O.16
APPROVAL OF REGULATED COMMITMENTS MADE
FOR THE BENEFIT OF MR. BERTRAND CAMUS,
CHIEF EXECUTIVE OFFICER, RELATING TO A
DEFINED CONTRIBUTION SUPPLEMENTARY
PENSION AND RELATING TO THE MAINTENANCE OF
THE GROUP PENSION AND HEALTH INSURANCE
PLANS APPLICABLE TO SUEZ EMPLOYEES
Management
    
For
      
For
                          
   
O.17
AUTHORIZATION FOR THE COMPANY TO TRADE IN
ITS OWN SHARES
Management
    
For
      
For
                          
   
E.18
AUTHORIZATION TO BE GRANTED TO THE BOARD
OF DIRECTORS TO REDUCE THE SHARE CAPITAL
BY WAY OF CANCELLING TREASURY SHARES HELD
BY THE COMPANY
Management
    
For
      
For
                          
   
E.19
DELEGATION OF AUTHORITY TO BE GRANTED TO
THE BOARD OF DIRECTORS TO INCREASE THE
SHARE CAPITAL OF THE COMPANY BY ISSUING
SHARES OR TRANSFERABLE SECURITIES
GRANTING ACCESS TO THE CAPITAL RESERVED
FOR MEMBERS OF COMPANY SAVINGS PLANS
WITH CANCELATION OF THE SHAREHOLDER'S PRE-
EMPTIVE SUBSCRIPTION RIGHT FOR THE BENEFIT
OF THE LATTER
Management
    
For
      
For
                          
   
E.20
DELEGATION OF AUTHORITY TO BE GRANTED TO
THE BOARD OF DIRECTORS TO INCREASE THE
SHARE CAPITAL OF THE COMPANY WITH
CANCELATION OF THE SHAREHOLDER'S PRE-
EMPTIVE SUBSCRIPTION RIGHT, IN FAVOUR OF
CATEGORY(IES) OF DESIGNATED BENEFICIARIES,
AS PART OF THE IMPLEMENTATION OF THE SUEZ
GROUP'S INTERNATIONAL SHAREHOLDING AND
SAVINGS PLAN
Management
    
For
      
For
                          
   
E.21
AUTHORIZATION TO THE BOARD OF DIRECTORS TO
PROCEED WITH THE ALLOCATION OF FREE
SHARES IN FAVOUR OF EMPLOYEES OR
CORPORATE OFFICERS WITHIN THE CONTEXT OF A
SHAREHOLDING PLAN OF SUEZ GROUP
Management
    
For
      
For
                          
   
E.22
POWERS FOR FORMALITIES
          
Management
    
For
      
For
                          
   
E.ON SE
                                                                
   
Security
    
D24914133
                      
Meeting Type
      
Annual General Meeting
            
   
Ticker Symbol
  
EONGY
                      
Meeting Date
      
14-May-2019
              
   
ISIN
    
DE000ENAG999
                                                      
                                                                         
   
Item
Proposal
                  
Proposed
by
  
Vote
    
For/Against
Management
              
   
2
RESOLUTION ON THE APPROPRIATION OF THE
DISTRIBUTABLE PROFIT THE DISTRIBUTABLE
PROFIT OF EUR 1,053,037,097.98 SHALL BE
APPROPRIATED AS FOLLOWS: PAYMENT OF A
DIVIDEND OF EUR 0.43 PER NO-PAR SHARE EUR
121,162,841.79 SHALL BE CARRIED FORWARD EX-
DIVIDEND DATE: MAY 15, 2019 PAYABLE DATE: MAY
17, 2019
Management
    
For
      
For
                          
   
3
RATIFICATION OF THE ACTS OF THE BOARD OF
MDS
  
Management
    
For
      
For
                          
   
4
RATIFICATION OF THE ACTS OF THE SUPERVISORY
BOARD
Management
    
For
      
For
                          
   
5.1
APPOINTMENT OF AUDITOR: FOR THE 2019
FINANCIAL YEAR: PRICEWATERHOUSECOOPERS
GMBH, DUSSELDORF
Management
    
For
      
For
                          
   
5.2
APPOINTMENT OF AUDITOR: FOR THE REVIEW OF
THE ABBREVIATED FINANCIAL STATEMENTS AND
THE INTERIM FINANCIAL REPORTS FOR THE 2019
FINANCIAL YEAR: PRICEWATERHOUSECOOPERS
GMBH, DUSSELDORF
Management
    
For
      
For
                          
   
5.3
APPOINTMENT OF AUDITOR: FOR THE REVIEW OF
THE ABBREVIATED FINANCIAL STATEMENTS AND
THE INTERIM FINANCIAL REPORT FOR THE FIRST
QUARTER OF THE 2020 FINANCIAL YEAR:
PRICEWATERHOUSECOOPERS GMBH,
DUSSELDORF
Management
    
For
      
For
                          
   
6
APPROVAL OF THE AMENDMENT TO THE ARTICLES
OF ASSOCIATION IN RESPECT THE SIZE OF THE
SUPERVISORY BOARD BEING ADJUSTED IN
CONNECTION WITH THE PLANNED TAKEOVER OF
INNOGY SE BY THE COMPANY, THE SIZE OF THE
SUPERVISORY BOARD SHALL BE INCREASED TO
TWENTY MEMBERS AFTER THE TAKEOVER HAS
BEEN FINALIZED. OF THE SIX ADDITIONAL
MEMBERS THREE SHALL BE REPRESENTATIVES OF
THE SHAREHOLDERS AND THREE OF THE
EMPLOYEES. AS OF THE YEAR 2023, THE SIZE OF
THE SUPERVISORY SHALL BE REDUCED TO
TWELVE MEMBERS
Management
    
For
      
For
                          
   
7.1
APPROVAL OF CONTROL AND PROFIT-TRANSFER
AGREEMENTS: THE CONTROL AND PROFIT-
TRANSFER AGREEMENT WITH THE COMPANY'S
WHOLLY-OWNED SUBSIDIARY, E.ON 11.
VERWALTUNGS GMBH, EFFECTIVE FOR A PERIOD
OF AT LEAST FIVE YEARS, SHALL BE APPROVED
Management
    
For
      
For
                          
   
7.2
APPROVAL OF CONTROL AND PROFIT-TRANSFER
AGREEMENTS: THE CONTROL AND PROFIT-
TRANSFER AGREEMENT WITH THE COMPANY'S
WHOLLY-OWNED SUBSIDIARY, E.ON 12.
VERWALTUNGS GMBH, EFFECTIVE FOR A PERIOD
OF AT LEAST FIVE YEARS, SHALL BE APPROVED
Management
    
For
      
For
                          
   
ENEL S.P.A.
                                                                
   
Security
    
T3679P115
                      
Meeting Type
      
Ordinary General Meeting
            
   
Ticker Symbol
  
ENLAY
                      
Meeting Date
      
16-May-2019
              
   
ISIN
    
IT0003128367
                                                        
                                                                         
   
Item
Proposal
                  
Proposed
by
  
Vote
    
For/Against
Management
              
   
1
ACCEPT FINANCIAL STATEMENTS AND STATUTORY
REPORTS
Management
    
For
      
For
                          
   
2
APPROVE ALLOCATION OF INCOME
      
Management
    
For
      
For
                          
   
3
AUTHORIZE SHARE REPURCHASE PROGRAM AND
REISSUANCE OF REPURCHASED SHARES
Management
    
For
      
For
                          
   
5
APPROVE INTERNAL AUDITORS' REMUNERATION
MANAGEMENT PROPOSALS
Management
    
For
      
For
                          
   
6
APPROVE AUDITORS AND AUTHORIZE BOARD TO
FIX THEIR REMUNERATION
Management
    
For
      
For
                          
   
7
APPROVE LONG-TERM INCENTIVE PLAN
      
Management
    
For
      
For
                          
   
8
APPROVE REMUNERATION POLICY
      
Management
    
For
      
For
                          
   
ENGIE SA
                                                                
   
Security
    
F7629A107
                      
Meeting Type
      
Annual
                  
   
Ticker Symbol
  
ENGIY
                      
Meeting Date
      
17-May-2019
              
   
ISIN
    
FR0010208488
                                                        
                                                                         
   
Item
Proposal
                  
Proposed
by
  
Vote
    
For/Against
Management
              
   
O.1
APPROVAL OF THE OPERATIONS AND CORPORATE
FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR
2018
Management
    
For
      
For
                          
   
O.2
APPROVAL OF THE CONSOLIDATED FINANCIAL
STATEMENTS FOR THE FINANCIAL YEAR 2018
Management
    
For
      
For
                          
   
O.3
ALLOCATION OF INCOME AND SETTING OF THE
DIVIDEND AMOUNT FOR THE FINANCIAL YEAR 2018
Management
    
For
      
For
                          
   
O.4
APPROVAL, PURSUANT TO ARTICLE L. 225-38 OF
THE FRENCH COMMERCIAL CODE, OF THE
PENSION AND HEALTH INSURANCE COVERAGE OF
MR. JEAN-PIERRE CLAMADIEU, CHAIRMAN OF THE
BOARD OF DIRECTORS
Management
    
For
      
For
                          
   
O.5
AUTHORIZATION TO BE GRANTED TO THE BOARD
OF DIRECTORS TO TRADE IN THE COMPANY'S
SHARES
Management
    
For
      
For
                          
   
O.6
RENEWAL OF THE TERM OF OFFICE OF MRS.
FRANCOISE MALRIEU AS DIRECTOR
Management
    
For
      
For
                          
   
O.7
RENEWAL OF THE TERM OF OFFICE OF MRS.
MARIE-JOSE NADEAU AS DIRECTOR
Management
    
For
      
For
                          
   
O.8
RENEWAL OF THE TERM OF OFFICE OF MR.
PATRICE DURAND AS DIRECTOR
Management
    
For
      
For
                          
   
O.9
RENEWAL OF THE TERM OF OFFICE OF MRS. MARI-
NOELLE JEGO-LAVEISSIERE AS DIRECTOR
Management
    
For
      
For
                          
   
O.10
APPROVAL OF THE COMPENSATION ELEMENTS
DUE OR AWARDED, FOR THE PERIOD FROM 18 MAY
TO 31 DECEMBER 2018, TO MR. JEAN-PIERRE
CLAMADIEU, CHAIRMAN OF THE BOARD OF
DIRECTORS
Management
    
For
      
For
                          
   
O.11
APPROVAL OF THE COMPENSATION ELEMENTS
DUE OR AWARDED, FOR THE FINANCIAL YEAR 2018,
TO MRS. ISABELLE KOCHER, CHIEF EXECUTIVE
OFFICER
Management
    
For
      
For
                          
   
O.12
APPROVAL OF THE PRINCIPLES AND CRITERIA FOR
DETERMINING, DISTRIBUTING AND ALLOCATING
THE FIXED, VARIABLE AND EXCEPTIONAL
COMPONENTS MAKING UP THE TOTAL
COMPENSATION AND BENEFITS OF ANY KIND
ATTRIBUTABLE TO THE CHAIRMAN OF THE BOARD
OF DIRECTORS
Management
    
For
      
For
                          
   
O.13
APPROVAL OF THE PRINCIPLES AND CRITERIA FOR
DETERMINING, DISTRIBUTING AND ALLOCATING
THE FIXED, VARIABLE AND EXCEPTIONAL
COMPONENTS MAKING UP THE TOTAL
COMPENSATION AND BENEFITS OF ANY KIND
ATTRIBUTABLE TO THE CHIEF EXECUTIVE OFFICER
Management
    
For
      
For
                          
   
E.14
DELEGATION OF AUTHORITY TO THE BOARD OF
DIRECTORS TO INCREASE THE SHARE CAPITAL BY
ISSUING SHARES OR TRANSFERRABLE SECURITIES
GRANTING ACCESS TO EQUITY SECURITIES TO BE
ISSUED, WITH CANCELLATION OF THE PRE-
EMPTIVE SUBSCRIPTION RIGHT, FOR THE BENEFIT
OF EMPLOYEES WHO ARE MEMBERS OF THE
ENGIE GROUP'S COMPANY SAVINGS PLANS
Management
    
For
      
For
                          
   
E.15
DELEGATION OF AUTHORITY TO THE BOARD OF
DIRECTORS TO INCREASE THE SHARE CAPITAL BY
ISSUING SHARES OR TRANSFERRABLE SECURITIES
GRANTING ACCESS TO EQUITY SECURITIES TO BE
ISSUED, WITH CANCELLATION OF THE PRE-
EMPTIVE SUBSCRIPTION RIGHT, IN FAVOUR OF
ANY ENTITY WHOSE SOLE AIM IS TO SUBSCRIBE,
HOLD AND SELL SHARES OR OTHER FINANCIAL
INSTRUMENTS, AS PART OF THE IMPLEMENTATION
OF THE ENGIE GROUP INTERNATIONAL EMPLOYEE
SHAREHOLDING PLAN
Management
    
For
      
For
                          
   
E.16
POWERS FOR THE EXECUTION OF THE GENERAL
MEETING'S DECISIONS AND FOR THE FORMALITIES
Management
    
For
      
For
                          
   
TARGA RESOURCES CORP.
                                                          
   
Security
    
87612G101
                      
Meeting Type
      
Annual
                  
   
Ticker Symbol
  
TRGP
                    
Meeting Date
      
30-May-2019
              
   
ISIN
    
US87612G1013
                                                        
   
Item
Proposal
                  
Proposed
by
  
Vote
    
For/Against
Management
              
   
1.1
Election of Directors: Waters S. Davis, IV
      
Management
    
For
      
For
                          
   
1.2
Election of Directors: Rene R. Joyce
      
Management
    
For
      
For
                          
   
1.3
Election of Directors: Chris Tong
        
Management
    
For
      
For
                          
   
2.
Ratification of the selection of PricewaterhouseCoopers
LLP as the Company's independent registered public
accounting firm for 2019.
Management
    
For
      
For
                          
   
3.
Approval, on an advisory basis, of the compensation of
the Company's named executive officers, as disclosed in
the proxy statement pursuant to the compensation
disclosure rules of the SEC.
Management
    
For
      
For
                          
   
ANTERO RESOURCES CORPORATION
                                                      
   
Security
    
03674X106
                      
Meeting Type
      
Annual
                  
   
Ticker Symbol
  
AR
                      
Meeting Date
      
19-Jun-2019
              
   
ISIN
    
US03674X1063
                                                        
   
Item
Proposal
                  
Proposed
by
  
Vote
    
For/Against
Management
              
   
1.
Election of Directors:
            
Management
    
For
      
For
                          
       
01
Robert J. Clark
                                                          
       
02
Benjamin A. Hardesty
                                                      
   
2.
To ratify the appointment of KPMG LLP as Antero
Resources Corporation's independent registered public
accounting firm for the year ending December 31, 2019.
Management
    
For
      
For
                          
   
3.
To approve, on an advisory basis, the compensation of
the Company's named executive officers.
Management
    
For
      
For
                          
   
TERRAFORM POWER INC.
                                                          
   
Security
    
88104R209
                      
Meeting Type
      
Annual
                  
   
Ticker Symbol
  
TERP
                      
Meeting Date
      
20-Jun-2019
              
   
ISIN
    
US88104R2094
                                                        
   
Item
Proposal
                  
Proposed
by
  
Vote
    
For/Against
Management
              
   
1.
Election of Directors:
            
Management
    
For
      
For
                          
       
01)
Brian Lawson
                                                          
       
02)
Carolyn Burke
                                                          
       
03)
Christian S. Fong
                                                        
       
04)
Harry Goldgut
                                                          
       
05)
Richard Legault
                                                          
       
06)
Mark McFarland
                                                        
       
07)
Sachin Shah
                                                          
   
2.
Ratification of the appointment of Ernst & Young LLP as
our independent registered public accounting firm for
2019.
Management
    
For
      
For
                          
   
3.
Non-binding advisory vote to approve named executive
officer compensation.
Management
    
For
      
For
                          
   
ATLANTICA YIELD PLC
                                                            
   
Security
    
G0751N103
                      
Meeting Type
      
Annual
                  
   
Ticker Symbol
  
AY
                      
Meeting Date
      
20-Jun-2019
              
   
ISIN
    
GB00BLP5YB54
                                                      
   
Item
Proposal
                  
Proposed
by
  
Vote
    
For/Against
Management
              
   
1.
To receive the accounts and reports of the directors and
the auditors for the year ended 31 December 2018
Management
    
For
      
For
                          
   
2.
To approve the directors' remuneration report, excluding
the directors' remuneration policy, for the year ended 31
December 2018
Management
    
For
      
For
                          
   
3.
To approve the directors' remuneration policy
      
Management
    
For
      
For
                          
   
4.
To elect Santiago Seage as director of the Company
  
Management
    
For
      
For
                          
   
5.
Redemption of share premium account
      
Management
    
For
      
For
                          
   
6.
To authorise the Company to purchase its own shares
  
Management
    
For
      
For
                          
 
SIGNATURES


Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.



 
TORTOISE ESSENTIAL ASSETS INCOME TERM FUND
 
 
 
 
 
Date:  August 29, 2019
By:
 /s/ P. Bradley Adams
P. Bradley Adams
 Chief Executive Officer, Principal Financial Officer and Treasurer