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 811-01608 

___Franklin High Income Trust____

(Exact name of registrant as specified in charter)

One Franklin Parkway, San Mateo, CA 94403-1906

(Address of principal executive offices) (Zip code)

Alison E. Baur, One Franklin Parkway, San Mateo, CA 94403-1906

(Name and address of agent for service)

Registrant's telephone number, including area code: (650) 312-2000 

Date of fiscal year end: 5/31

Date of reporting period: 6/30/2022

Item 1. Proxy Voting Records.

ALPHA METALLURGICAL RESOURCES, INC.
Meeting Date:  MAY 03, 2022
Record Date:  MAR 16, 2022
Meeting Type:  ANNUAL

Ticker:  AMR
Security ID:  020764106

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1a

Elect Director Kenneth S. Courtis

Management

For

For

1b

Elect Director Albert E. Ferrara, Jr.

Management

For

For

1c

Elect Director Elizabeth A. Fessenden

Management

For

For

1d

Elect Director Michael J. Quillen

Management

For

For

1e

Elect Director Daniel D. Smith

Management

For

For

1f

Elect Director David J. Stetson

Management

For

For

1g

Elect Director Scott D. Vogel

Management

For

Withhold

2

Ratify RSM US LLP as Auditors

Management

For

For

3

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

AMPLIFY ENERGY CORP.

Meeting Date:  JUN 16, 2022
Record Date:  APR 25, 2022
Meeting Type:  ANNUAL

Ticker:  AMPY
Security ID:  03212B103

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1.1

Elect Director Deborah G. Adams

Management

For

For

1.2

Elect Director Patrice Douglas

Management

For

For

1.3

Elect Director Eric T. Greager

Management

For

For

1.4

Elect Director Christopher W. Hamm

Management

For

For

1.5

Elect Director Randal T. Klein

Management

For

For

1.6

Elect Director Todd R. Snyder

Management

For

For

1.7

Elect Director Martyn Willsher

Management

For

For

2

Ratify Deloitte & Touche LLP as Auditors

Management

For

For

3

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

CALIFORNIA RESOURCES CORPORATION
Meeting Date:  MAY 04, 2022
Record Date:  MAR 07, 2022
Meeting Type:  ANNUAL

Ticker:  CRC
Security ID:  13057Q305

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1.1

Elect Director Andrew B. Bremner

Management

For

For

1.2

Elect Director Douglas E. Brooks

Management

For

For

1.3

Elect Director Tiffany (TJ) Thom Cepak

Management

For

For

1.4

Elect Director James N. Chapman

Management

For

For

1.5

Elect Director Mark A. (Mac) McFarland

Management

For

For

1.6

Elect Director Nicole Neeman Brady

Management

For

For

1.7

Elect Director Julio M. Quintana

Management

For

For

1.8

Elect Director William B. Roby

Management

For

For

1.9

Elect Director Alejandra (Ale) Veltmann

Management

For

For

2

Ratify KPMG LLP as Auditors

Management

For

For

3

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

Against

4

Approve Qualified Employee Stock Purchase Plan

Management

For

For

5a

Eliminate Supermajority Vote Requirement for Removal of Directors

Management

For

For

5b

Eliminate Supermajority Vote Requirement to Amend Certain Provisions of Certificate of Incorporation

Management

For

For

CHESAPEAKE ENERGY CORPORATION
Meeting Date:  JUN 09, 2022
Record Date:  APR 11, 2022
Meeting Type:  ANNUAL

Ticker:  CHK
Security ID:  165167735

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1a

Elect Director Domenic J. Dell'Osso, Jr.

Management

For

For

1b

Elect Director Timothy S. Duncan

Management

For

For

1c

Elect Director Benjamin C. Duster, IV

Management

For

For

1d

Elect Director Sarah A. Emerson

Management

For

For

1e

Elect Director Matthew M. Gallagher

Management

For

For

1f

Elect Director Brian Steck

Management

For

For

1g

Elect Director Michael A. Wichterich

Management

For

For

2

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

3

Ratify PricewaterhouseCoopers LLP as Auditor

Management

For

For