N-PX 1 rft-npx2011.txt 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 : 811-05379 Name of Registrant: Royce Focus Trust, Inc. Address of Principal Executive Offices: 745 Fifth Avenue, New York, NY 10151 Registrant's telephone number including area code: 212-508-4500 Date of fiscal year end: 12/31/11 Date of reporting period: 07/01/2010 - 06/30/2011 Item 1. Proxy Voting Record The report may indicate that the "meeting status" of a particular proposal was "take no action" or "unvoted". The reason for no action being taken or a security being unvoted, i.e., no vote being cast, may include among other things, (a) the securities were out on loan at the time of a record date, (b) administrative or operational constraints impeded the ability to cast a timely vote, such as late receipt of proxy voting information, (c) systems, administrative or processing errors occurred (including errors by the Adviser or third party vendors), and/or (d) the portfolio manager concluded that the potential benefit of voting was outweighed by the cost, and not in the best interest of the Fund. Fund Name : Royce Focus Trust, Inc. Date of fiscal year end: 12/31/2011 ======================================================================================================== Aixtron SE Ticker Security ID: Meeting Date Meeting Status AIX CUSIP 009606104 05/19/2011 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1 Allocation of Profits/Dividends Mgmt For For For 2 Ratification of Management Board Acts Mgmt For For For 3 Ratification of Supervisory Board Mgmt For For For Acts 4 Elect Wolfgang Blattchen Mgmt For For For 5 Elect Petra Denk Mgmt For For For 6 Elect Holger Jurgensen Mgmt For For For 7 Elect Karl-Hermann Kuklies Mgmt For For For 8 Elect Rudiger von Rosen Mgmt For For For 9 Elect Kim Schindelhauer Mgmt For For For 10 Supervisory Board Members' Fees Mgmt For For For 11 Supervisory Board Members' Fees Mgmt For For For (2011) 12 Appointment of Auditor Mgmt For For For 13 Increase in Authorized Capital Mgmt For For For 14 Amendments to Articles Regarding Mgmt For For For Supervisory Board Members' Terms 15 Deletion of Obsolete Articles Mgmt For For For ======================================================================================================== Alamos Gold Inc. Ticker Security ID: Meeting Date Meeting Status AGI CUSIP 011527108 06/02/2011 Voted Meeting Type Country of Trade Special United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1 Board Size Mgmt For For For 2.1 Elect Mark Wayne Mgmt For For For 2.2 Elect John McCluskey Mgmt For For For 2.3 Elect Leonard Harris Mgmt For For For 2.4 Elect James McDonald Mgmt For For For 2.5 Elect David Gower Mgmt For For For 2.6 Elect Paul Murphy Mgmt For For For 2.7 Elect Anthony Garson Mgmt For For For 3 Appointment of Auditor and Authority Mgmt For For For to Set Fees 4 Stock Option Plan Renewal Mgmt For For For ======================================================================================================== Allied Nevada Gold Corp. Ticker Security ID: Meeting Date Meeting Status ANV CUSIP 019344100 07/13/2010 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect Robert Buchan Mgmt For For For 1.2 Elect Scott Caldwell Mgmt For For For 1.3 Elect John Ivany Mgmt For For For 1.4 Elect Cameron Mingay Mgmt For For For 1.5 Elect Terry Palmer Mgmt For For For 1.6 Elect Carl Pescio Mgmt For For For 1.7 Elect D. Bruce Sinclair Mgmt For For For 1.8 Elect Robert Wardell Mgmt For For For 2 Ratification of Auditor Mgmt For For For ======================================================================================================== Analog Devices, Inc. Ticker Security ID: Meeting Date Meeting Status ADI CUSIP 032654105 03/08/2011 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1 Elect Ray Stata Mgmt For For For 2 Elect Jerald Fishman Mgmt For For For 3 Elect James Champy Mgmt For For For 4 Elect John Doyle Mgmt For For For 5 Elect John Hodgson Mgmt For For For 6 Elect Yves-Andre Istel Mgmt For For For 7 Elect Neil Novich Mgmt For For For 8 Elect F. Grant Saviers Mgmt For For For 9 Elect Paul Severino Mgmt For For For 10 Elect Kenton Sicchitano Mgmt For For For 11 Advisory Vote on Executive Mgmt For Abstain Against Compensation 12 Frequency of Advisory Vote on Mgmt 3 Years Abstain Against Executive Compensation 13 Ratification of Auditor Mgmt For For For ======================================================================================================== Berkshire Hathaway Inc. Ticker Security ID: Meeting Date Meeting Status BRK.A CUSIP 084670702 04/30/2011 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect Warren Buffett Mgmt For For For 1.2 Elect Charles Munger Mgmt For For For 1.3 Elect Howard Buffett Mgmt For For For 1.4 Elect Stephen Burke Mgmt For For For 1.5 Elect Susan Decker Mgmt For For For 1.6 Elect William Gates III Mgmt For For For 1.7 Elect David Gottesman Mgmt For For For 1.8 Elect Charlotte Guyman Mgmt For For For 1.9 Elect Donald Keough Mgmt For For For 1.10 Elect Thomas Murphy Mgmt For For For 1.11 Elect Ronald Olson Mgmt For For For 1.12 Elect Walter Scott, Jr. Mgmt For For For 2 Advisory Vote on Executive Mgmt For For For Compensation 3 Frequency of Advisory Vote on Mgmt 3 Years 3 Years For Executive Compensation 4 Shareholder Proposal Regarding ShrHoldr Against Against For Reporting and Reducing Greenhouse Gas Emissions ======================================================================================================== Buckle Inc. Ticker Security ID: Meeting Date Meeting Status BKE CUSIP 118440106 06/02/2011 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect Daniel Hirschfeld Mgmt For For For 1.2 Elect Dennis Nelson Mgmt For For For 1.3 Elect Karen Rhoads Mgmt For For For 1.4 Elect James Shada Mgmt For For For 1.5 Elect Robert Campbell Mgmt For For For 1.6 Elect Bill Fairfield Mgmt For For For 1.7 Elect Bruce Hoberman Mgmt For For For 1.8 Elect John Peetz Mgmt For For For 1.9 Elect Michael Huss Mgmt For For For 2 Ratification of Auditor Mgmt For For For 3 2011 Management Incentive Plan Mgmt For For For 4 Amendment to 2005 Restricted Stock Mgmt For For For Plan 5 Advisory Vote on Executive Mgmt For For For Compensation 6 Frequency of Advisory Vote on Mgmt 3 Years 3 Years For Executive Compensation ======================================================================================================== Cal-Maine Foods, Inc. Ticker Security ID: Meeting Date Meeting Status CALM CUSIP 128030202 10/15/2010 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect Fred Adams, Jr. Mgmt For For For 1.2 Elect Richard Looper Mgmt For For For 1.3 Elect Adolphus Baker Mgmt For For For 1.4 Elect Timothy Dawson Mgmt For For For 1.5 Elect Letitia Hughes Mgmt For For For 1.6 Elect James Poole Mgmt For For For 1.7 Elect Steve Sanders Mgmt For For For 2 Ratification of Auditor Mgmt For For For 3 Shareholder Proposal Regarding ShrHoldr Against Against For Political Contributions and Expenditure Report ======================================================================================================== Centamin Egypt Limited Ticker Security ID: Meeting Date Meeting Status CEY CUSIP Q2159B110 02/15/2011 Voted Meeting Type Country of Trade Annual Canada Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1 Executive Director Loan Funded Share Mgmt For N/A N/A Plan 2011 2 Employee Loan Funded Share Plan 2011 Mgmt For N/A N/A ======================================================================================================== Centamin Egypt Limited Ticker Security ID: Meeting Date Meeting Status CEY CUSIP Q2159B110 05/26/2011 Voted Meeting Type Country of Trade Annual Canada Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1 Accounts and Reports Mgmt For For For 2 Directors' Remuneration Report Mgmt For For For 3 Elect Mark Arnesen Mgmt For For For 4 Elect Mark Bankes Mgmt For For For 5 Elect Gordon Haslam Mgmt For For For 6 Elect Trevor Schultz Mgmt For For For 7 Elect Josef El-Raghy Mgmt For For For 8 Elect Harry Michael Mgmt For For For 9 Elect G. Robert Bowker Mgmt For For For 10 Appointment of Auditor Mgmt For For For 11 Authority to Set Auditor's Fees Mgmt For For For 12 Authority to Issue Shares w/o Mgmt For For For Preemptive Rights 13 Directors' Fees Mgmt For For For ======================================================================================================== Centamin Egypt Limited Ticker Security ID: Meeting Date Meeting Status CEY CINS Q2159B110 11/09/2010 Voted Meeting Type Country of Trade Annual Canada Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1 Accounts and Reports Mgmt For For For 2 Elect Harry Michael Mgmt For For For 3 Elect G. Robert Bowker Mgmt For For For 4 Elect Colin Cowden Mgmt For For For 5 Elect Josef El-Raghy Mgmt For For For 6 Authority to Issue Shares w/o Mgmt For For For Preemptive Rights 7 Loan Funded Share Plan Mgmt For For For ======================================================================================================== Coach, Inc. Ticker Security ID: Meeting Date Meeting Status COH CUSIP 189754104 11/03/2010 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect Lew Frankfort Mgmt For For For 1.2 Elect Susan Kropf Mgmt For For For 1.3 Elect Gary Loveman Mgmt For For For 1.4 Elect Ivan Menezes Mgmt For For For 1.5 Elect Irene Miller Mgmt For For For 1.6 Elect Michael Murphy Mgmt For For For 1.7 Elect Jide Zeitlin Mgmt For For For 2 Ratification of Auditor Mgmt For For For 3 2010 Stock Incentive Plan Mgmt For For For 4 Shareholder Proposal Regarding ShrHoldr Against Against For Cessation of Fur Use in Products ======================================================================================================== Endeavour Financial Corporation Ticker Security ID: Meeting Date Meeting Status EDV CUSIP G3040R109 09/14/2010 Voted Meeting Type Country of Trade Special United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1 Elect Jorge Gamarci Mgmt For For For 2 Elect Bill Koutsouras Mgmt For For For 3 Appointment of Auditor and Authority Mgmt For For For to Set Fees 4 Change of Company Name Mgmt For For For ======================================================================================================== Endeavour Financial Corporation Ticker Security ID: Meeting Date Meeting Status EDV ISIN KYG3040R1332 09/14/2010 Voted Meeting Type Country of Trade Mix Cayman Islands Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1 Non-Voting Meeting Note N/A N/A N/A N/A 2 Non-Voting Agenda Item N/A N/A N/A N/A 3 Elect Jorge Gamarci Mgmt For For For 4 Elect Bill Koutsouras Mgmt For For For 5 Appointment of Auditor and Authority Mgmt For For For to Set Fees 6 Appointment of Auditor and Authority Mgmt For For For to Set Fees 7 Non-Voting Agenda Item N/A N/A N/A N/A ======================================================================================================== Endeavour Mining Corporation Ticker Security ID: Meeting Date Meeting Status EDV CUSIP G3040R109 06/06/2011 Voted Meeting Type Country of Trade Annual Canada Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1 Elect Michael Beckett Mgmt For For For 2 Elect Wayne McManus Mgmt For For For 3 Elect Neil Woodyer Mgmt For For For 4 Appointment of Auditor and Authority Mgmt For For For to Set Fees ======================================================================================================== Endeavour Mining Corporation Ticker Security ID: Meeting Date Meeting Status EDV CUSIP G3041P102 06/06/2011 Voted Meeting Type Country of Trade Annual Canada Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1 Elect Michael Beckett Mgmt For For For 2 Elect Wayne McManus Mgmt For For For 3 Elect Neil Woodyer Mgmt For For For 4 Appointment of Auditor and Authority Mgmt For For For to Set Fees ======================================================================================================== Ensco International plc Ticker Security ID: Meeting Date Meeting Status ESV CUSIP 29358Q109 05/31/2011 Voted Meeting Type Country of Trade Special United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1 Merger/Acquisition Mgmt For For For ======================================================================================================== Ensco plc Ticker Security ID: Meeting Date Meeting Status ESV CUSIP 29358Q109 05/24/2011 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1 Elect J. Roderick Clark Mgmt For For For 2 Elect Daniel Rabun Mgmt For For For 3 Elect Keith Rattie Mgmt For For For 4 Appointment of Auditor Mgmt For For For 5 Appointment of Statutory Auditor Mgmt For For For 6 Authority to Set Auditor's Fees Mgmt For For For 7 Payment of Historic Dividends Mgmt For For For 8 Release of Shareholders from Claims Mgmt For For For Regarding Historic Dividends 9 Release of Shareholders from Claims Mgmt For For For Regarding Historical Dividends 10 Advisory Vote on Executive Mgmt For Abstain Against Compensation 11 Frequency of Advisory Vote on Mgmt 1 Year Abstain Against Executive Compensation ======================================================================================================== Exxon Mobil Corporation Ticker Security ID: Meeting Date Meeting Status XOM CUSIP 30231G102 05/25/2011 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect Michael Boskin Mgmt For For For 1.2 Elect Peter Brabeck-Letmathe Mgmt For For For 1.3 Elect Larry Faulkner Mgmt For For For 1.4 Elect Jay Fishman Mgmt For For For 1.5 Elect Kenneth Frazier Mgmt For For For 1.6 Elect William George Mgmt For For For 1.7 Elect Marilyn Nelson Mgmt For For For 1.8 Elect Samuel Palmisano Mgmt For For For 1.9 Elect Steven Reinemund Mgmt For For For 1.10 Elect Rex Tillerson Mgmt For For For 1.11 Elect Edward Whitacre, Jr. Mgmt For For For 2 Ratification of Auditor Mgmt For For For 3 Advisory Vote on Executive Mgmt For For For Compensation 4 Frequency of Advisory Vote on Mgmt 3 Years 3 Years For Executive Compensation 5 Shareholder Proposal Regarding ShrHoldr Against Against For Independent Board Chairman 6 Shareholder Proposal Regarding ShrHoldr Against Against For Political Contributions and Expenditure Report 7 Shareholder Proposal Regarding ShrHoldr Against Against For Sexual Orientation and Gender identity Anti-Bias Policy 8 Shareholder Proposal Regarding Human ShrHoldr Against Against For Right to Water 9 Shareholder Proposal Regarding ShrHoldr Against Against For Report on Oil Sands Operations 10 Shareholder Proposal Regarding ShrHoldr Against Against For Report on Hydraulic Fracturing 11 Shareholder Proposal Regarding ShrHoldr Against Against For Report on Technology and Products to Become Environmentally Sustainable 12 Shareholder Proposal Regarding ShrHoldr Against Against For Greenhouse Gas Emission Goals ======================================================================================================== Franklin Resources, Inc. Ticker Security ID: Meeting Date Meeting Status BEN CUSIP 354613101 03/15/2011 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1 Elect Samuel Armacost Mgmt For For For 2 Elect Charles Crocker Mgmt For For For 3 Elect Joseph Hardiman Mgmt For For For 4 Elect Charles Johnson Mgmt For For For 5 Elect Gregory Johnson Mgmt For For For 6 Elect Rupert Johnson, Jr. Mgmt For For For 7 Elect Mark Pigott Mgmt For For For 8 Elect Chutta Ratnathicam Mgmt For For For 9 Elect Peter Sacerdote Mgmt For For For 10 Elect Laura Stein Mgmt For For For 11 Elect Anne Tatlock Mgmt For For For 12 Elect Geoffrey Yang Mgmt For For For 13 Ratification of Auditor Mgmt For For For 14 Amendment to the 2002 Universal Mgmt For Abstain Against Stock Incentive Plan 15 Advisory Vote on Executive Mgmt For Abstain Against Compensation 16 Frequency of Advisory Vote on Mgmt 3 Years Abstain Against Executive Compensation ======================================================================================================== Fresnillo Plc Ticker Security ID: Meeting Date Meeting Status FRES CINS G371E2108 05/17/2011 Voted Meeting Type Country of Trade Annual United Kingdom Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1 Accounts and Reports Mgmt For For For 2 Allocation of Profits/Dividends Mgmt For For For 3 Directors' Remuneration Report Mgmt For For For 4 Elect Alberto Bailleres Gonzalez Mgmt For For For 5 Elect Lord Cairns Mgmt For For For 6 Elect Francisco Javier Fernandez Mgmt For For For Carbajal 7 Elect Fernando Ruiz Mgmt For For For 8 Elect Fernando Solana Morales Mgmt For For For 9 Elect Guy Wilson Mgmt For For For 10 Elect Juan Bordes Aznar Mgmt For For For 11 Elect Arturo Fernandez Perez Mgmt For For For 12 Elect Rafael MacGregor Mgmt For For For 13 Elect Jaime Lomelin Mgmt For For For 14 Appointment of Auditor Mgmt For For For 15 Authority to Set Auditor's Fees Mgmt For For For 16 Authority to Issue Shares w/ Mgmt For For For Preemptive Rights 17 Authority to Issue Shares w/o Mgmt For For For Preemptive Rights 18 Authority to Repurchase Shares Mgmt For For For 19 Authority to Set General Meeting Mgmt For For For Notice Period at 14 Days 20 Non-Voting Meeting Note N/A N/A N/A N/A ======================================================================================================== GameStop Corp. Ticker Security ID: Meeting Date Meeting Status GME CUSIP 36467W109 06/21/2011 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect Stanley (Mickey) Steinberg Mgmt For For For 1.2 Elect Gerald Szczepanski Mgmt For For For 1.3 Elect Lawrence Zilavy Mgmt For For For 2 Advisory Vote on Executive Mgmt For For For Compensation 3 Frequency of Advisory Vote on Mgmt 1 Year 1 Year For Executive Compensation 4 2011 Incentive Plan Mgmt For For For 5 Ratification of Auditor Mgmt For For For ======================================================================================================== GrafTech International Ltd. Ticker Security ID: Meeting Date Meeting Status GTI CUSIP 384313102 05/26/2011 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect Randy Carson Mgmt For For For 1.2 Elect Mary Cranston Mgmt For For For 1.3 Elect Harold Layman Mgmt For For For 1.4 Elect Ferrell McClean Mgmt For For For 1.5 Elect Nathan Milikowsky Mgmt For For For 1.6 Elect Michael Nahl Mgmt For For For 1.7 Elect Steven Shawley Mgmt For For For 1.8 Elect Craig Shular Mgmt For For For 2 Advisory Vote on Executive Mgmt For For For Compensation 3 Frequency of Advisory Vote on Mgmt 1 Year 1 Year For Executive Compensation 4 Ratification of Auditor Mgmt For For For ========================================================================================================> Helmerich & Payne, Inc. Ticker Security ID: Meeting Date Meeting Status HP CUSIP 423452101 03/02/2011 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect John Zeglis Mgmt For For For 1.2 Elect William Armstrong Mgmt For For For 2 Ratification of Auditor Mgmt For For For 3 2010 Long-Term Incentive Plan Mgmt For Abstain Against 4 Advisory Vote on Executive Mgmt For Abstain Against Compensation 5 Frequency of Advisory Vote on Mgmt 3 Years Abstain Against Executive Compensation 6 Shareholder Proposal Regarding ShrHoldr Against For Against Declassification of the Board ======================================================================================================== Industrias Bachoco S.A.B. de C.V. Ticker Security ID: Meeting Date Meeting Status BACHCOB CUSIP 456463108 04/27/2011 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1 Presentation of Accounts and Reports Mgmt For For For 2 Report on Tax Compliance Mgmt For For For 3 Authority to Repurchase Shares Mgmt For For For 4 Allocation of Dividends Mgmt For For For 5 Election of Directors Mgmt For For For 6 Election of Board Committee Members Mgmt For For For 7 Directors' Fees; Board Committee Fees Mgmt For For For 8 Election of Meeting Delegates Mgmt For For For 9 Amendments to Articles Mgmt For For For 10 Election of Special Meeting Delegates Mgmt For For For ======================================================================================================== International Assets Holding Corporation Ticker Security ID: Meeting Date Meeting Status INTL CUSIP 459028106 02/24/2011 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect Scott J. Branch Mgmt For For For 1.2 Elect Bruce Krehbiel Mgmt For For For 1.3 Elect Eric Parthemore Mgmt For For For 1.4 Elect John Radziwill Mgmt For For For 2 Ratification of Auditor Mgmt For For For 3 Company Name Change Mgmt For For For 4 Advisory Vote on Executive Mgmt For Abstain Against Compensation 5 Frequency of Advisory Vote on Mgmt 3 Years Abstain Against Executive Compensation ======================================================================================================== Jacobs Engineering Group Inc. Ticker Security ID: Meeting Date Meeting Status JEC CUSIP 469814107 01/27/2011 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1 Elect John Coyne Mgmt For For For 2 Elect Linda Levinson Mgmt For For For 3 Elect Craig Martin Mgmt For For For 4 Elect John Jumper Mgmt For For For 5 Ratification of Auditor Mgmt For For For 6 Amendment to the Global Employee Mgmt For Abstain Against Stock Purchase Plan 7 Advisory Vote on Executive Mgmt For Abstain Against Compensation 8 Frequency of Advisory Vote on Mgmt 3 Years Abstain Against Executive Compensation ======================================================================================================== Kennametal Inc. Ticker Security ID: Meeting Date Meeting Status KMT CUSIP 489170100 10/26/2010 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect Carlos Cardoso Mgmt For For For 1.2 Elect Larry Yost Mgmt For For For 2 Ratification of Auditor Mgmt For For For 3 Stock and Incentive Plan of 2010 Mgmt For For For ======================================================================================================== Kennedy-Wilson Holdings, Inc. Ticker Security ID: Meeting Date Meeting Status KW CUSIP 489398107 06/23/2011 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect Jerry Solomon Mgmt For For For 1.2 Elect David Minella Mgmt For For For 2 ADVISORY VOTE ON EXECUTIVE Mgmt For For For COMPENSATION 3 Frequency of Advisory Vote on Mgmt 3 Years 3 Years For Executive Compensation 4 Conversion of Series B Preferred Mgmt For For For Stock 5 Ratification of Auditor Mgmt For For For ======================================================================================================== Kennedy-Wilson Holdings, Inc. Ticker Security ID: Meeting Date Meeting Status KW CUSIP 489398107 08/26/2010 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect Cathy Hendrickson Mgmt For For For 1.2 Elect Stanley Zax Mgmt For For For 2 Increase of Authorized Common Stock Mgmt For For For 3 Issuance of Common Stock Mgmt For For For 4 Ratification of Auditor Mgmt For For For ======================================================================================================== Knight Capital Group, Inc. Ticker Security ID: Meeting Date Meeting Status KCG CUSIP 499005106 05/11/2011 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1 Elect William Bolster Mgmt For For For 2 Elect Thomas Joyce Mgmt For For For 3 Elect James Lewis Mgmt For For For 4 Elect Thomas Lockburner Mgmt For For For 5 Elect James Milde Mgmt For For For 6 Elect Christopher Quick Mgmt For For For 7 Elect Laurie Shahon Mgmt For For For 8 Ratification of Auditor Mgmt For For For 9 Advisory Vote on Executive Mgmt For For For Compensation 10 Frequency of Advisory Vote on Mgmt 1 Year 1 Year For Executive Compensation ======================================================================================================== Korn/Ferry International Ticker Security ID: Meeting Date Meeting Status KFY CUSIP 500643200 09/14/2010 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect Gary Burnison Mgmt For For For 1.2 Elect Edward Miller Mgmt For For For 2 Ratification of Auditor Mgmt For For For ======================================================================================================== Lincoln Electric Holdings, Inc. Ticker Security ID: Meeting Date Meeting Status LECO CUSIP 533900106 04/29/2011 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect David Gunning Mgmt For For For 1.2 Elect G. Russell Lincoln Mgmt For For For 1.3 Elect Christopher Mapes Mgmt For For For 1.4 Elect Hellene Runtagh Mgmt For For For 2 Ratification of Auditor Mgmt For For For 3 Advisory Vote on Executive Mgmt For For For Compensation 4 Frequency of Advisory Vote on Mgmt 1 Year 1 Year For Executive Compensation 5 Amendment to the 2006 Equity and Mgmt For For For Performance Incentive Plan ======================================================================================================== Magma Energy Corp. Ticker Security ID: Meeting Date Meeting Status MXY CUSIP 559184106 04/27/2011 Voted Meeting Type Country of Trade Special Canada Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1 Board Size Mgmt For For For 2.1 Elect Donald McInnes Mgmt For For For 2.2 Elect Walter Segsworth Mgmt For For For 2.3 Elect David O'Brien Mgmt For For For 3 Approval of the Merger Mgmt For For For 4 Change of Company Name Mgmt For For For ======================================================================================================== Magma Energy Corp. Ticker Security ID: Meeting Date Meeting Status MXY ISIN CA5591841062 11/15/2010 Voted Meeting Type Country of Trade Annual Canada Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect Ross Beaty Mgmt For For For 1.2 Elect David Cornhill Mgmt For For For 1.3 Elect Robert Pirooz Mgmt For For For 1.4 Elect Donald Shumka Mgmt For For For 1.5 Elect Paul Sweeney Mgmt For For For 2 Appointment of Auditor Mgmt For For For 3 Authority to Set Auditor's Fees Mgmt For For For ======================================================================================================== Major Drilling Group International Inc. Ticker Security ID: Meeting Date Meeting Status MDI CUSIP 560909103 03/09/2011 Voted Meeting Type Country of Trade Special United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1 Stock Split Mgmt For For For 2 Amendments to By-Laws Mgmt For For For ======================================================================================================== Major Drilling Group International Inc. Ticker Security ID: Meeting Date Meeting Status MDI CUSIP 560909103 09/09/2010 Voted Meeting Type Country of Trade Special United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect Edward Breiner Mgmt For For For 1.2 Elect Jean Desrosiers Mgmt For For For 1.3 Elect David Fennell Mgmt For For For 1.4 Elect Francis McGuire Mgmt For For For 1.5 Elect Janice Rennie Mgmt For For For 1.6 Elect David Tennant Mgmt For For For 1.7 Elect Jo Mark Zurel Mgmt For For For 2 Appointment of Auditor and Authority Mgmt For For For to Set Fees 3 Amendments to Stock Option Plan Mgmt For For For 4 Shareholder Rights Plan Renewal Mgmt For For For ======================================================================================================== Microsoft Corporation Ticker Security ID: Meeting Date Meeting Status MSFT CUSIP 594918104 11/16/2010 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1 Elect Steven Ballmer Mgmt For For For 2 Elect Dina Dublon Mgmt For For For 3 Elect William Gates III Mgmt For For For 4 Elect Raymond Gilmartin Mgmt For For For 5 Elect Reed Hastings Mgmt For For For 6 Elect Maria Klawe Mgmt For For For 7 Elect David Marquardt Mgmt For For For 8 Elect Charles Noski Mgmt For For For 9 Elect Helmut Panke Mgmt For For For 10 Ratification of Auditor Mgmt For For For 11 Shareholder Proposal Regarding ShrHoldr Against Against For Formation of Environmental Sustainability Committee ======================================================================================================== MKS Instruments, Inc. Ticker Security ID: Meeting Date Meeting Status MKSI CUSIP 55306N104 05/02/2011 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect John Bertucci Mgmt For For For 1.2 Elect Robert Anderson Mgmt For For For 1.3 Elect Greogory Beecher Mgmt For For For 2 Advisory Vote on Executive Mgmt For For For Compensation 3 Frequency of Advisory Vote on Mgmt 1 Year 1 Year For Executive Compensation 4 Ratification of Auditor Mgmt For For For ======================================================================================================== Mosaic Company Ticker Security ID: Meeting Date Meeting Status MOS CUSIP 61945A107 05/11/2011 Voted Meeting Type Country of Trade Special United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1 Recapitalization and Spin-off Mgmt For For For 2 Right to Adjourn Meeting Mgmt For For For ======================================================================================================== Nu Skin Enterprises, Inc. Ticker Security ID: Meeting Date Meeting Status NUS CUSIP 67018T105 05/24/2011 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect Nevin Andersen Mgmt For For For 1.2 Elect Daniel Campbell Mgmt For For For 1.3 Elect E.J. Garn Mgmt For For For 1.4 Elect M. Truman Hunt Mgmt For For For 1.5 Elect Andrew Lipman Mgmt For For For 1.6 Elect Steven Lund Mgmt For For For 1.7 Elect Patricia Negron Mgmt For For For 1.8 Elect Thomas Pisano Mgmt For For For 1.9 Elect Blake Roney Mgmt For For For 1.10 Elect Sandra Tillotson Mgmt For For For 1.11 Elect David Ussery Mgmt For For For 2 Advisory Vote on Executive Mgmt For For For Compensation 3 Frequency of Advisory Vote on Mgmt 1 Year 1 Year For Executive Compensation 4 Ratification of Auditor Mgmt For For For ======================================================================================================== Nucor Corporation Ticker Security ID: Meeting Date Meeting Status NUE CUSIP 670346105 05/12/2011 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect Peter Browning Mgmt For Withhold Against 1.2 Elect Victoria Haynes Mgmt For For For 1.3 Elect Christopher Kearney Mgmt For For For 2 Ratification of Auditor Mgmt For For For 3 ADVISORY VOTE ON EXECUTIVE Mgmt For Against Against COMPENSATION 4 Frequency of Advisory Vote on Mgmt 3 Years 1 Year Against Executive Compensation 5 Shareholder Proposal Regarding ShrHoldr Against For Against Majority Vote for Election of Directors 6 Shareholder Proposal Regarding ShrHoldr Against For Against Independent Board Chairman ======================================================================================================== Pan American Silver Corp. Ticker Security ID: Meeting Date Meeting Status PAA CUSIP 697900108 05/18/2011 Voted Meeting Type Country of Trade Special United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect Ross Beaty Mgmt For For For 1.2 Elect Geoffrey Burns Mgmt For For For 1.3 Elect Robert Pirooz Mgmt For For For 1.4 Elect William Fleckenstein Mgmt For For For 1.5 Elect Michael Maloney Mgmt For For For 1.6 Elect David Press Mgmt For For For 1.7 Elect Walter Segsworth Mgmt For For For 1.8 Elect Michael Carroll Mgmt For For For 2 Appointment of Auditor Mgmt For For For 3 Authority to Set Auditor's Fees Mgmt For For For 4 Advisory Vote on Executive Mgmt For For For Compensation ======================================================================================================== Partners Group Holding Ticker Security ID: Meeting Date Meeting Status PGHN CINS H6120A101 05/05/2011 Voted Meeting Type Country of Trade Annual Switzerland Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1 Non-Voting Meeting Note N/A N/A N/A N/A 2 Non-Voting Meeting Note N/A N/A N/A N/A 3 Accounts and Reports Mgmt For For For 4 Allocation of Profits/Dividends Mgmt For For For 5 Compensation Report Mgmt For Abstain Against 6 Ratification of Board and Management Mgmt For For For Acts 7 Elect Marcel Erni Mgmt For For For 8 Elect Eric Strutz Mgmt For For For 9 Appointment of Auditor Mgmt For For For 10 Transaction of Other Business Mgmt For Against Against ======================================================================================================== Pason Systems Inc. Ticker Security ID: Meeting Date Meeting Status PSI CUSIP 702925108 05/09/2011 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1 Board Size Mgmt For For For 2.1 Elect James Hill Mgmt For For For 2.2 Elect James Howe Mgmt For For For 2.3 Elect Murray Cobbe Mgmt For For For 2.4 Elect Harold Allsopp Mgmt For For For 2.5 Elect G. Allen Brooks Mgmt For For For 2.6 Elect Peter Mackechnie Mgmt For For For 3 Appointment of Auditor and Authority Mgmt For For For to Set Fees ======================================================================================================== Patriot Transportation Holding, Inc. Ticker Security ID: Meeting Date Meeting Status PATR CUSIP 70337B102 02/02/2011 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect John Anderson Mgmt For For For 1.2 Elect Robert Paul III Mgmt For For For 1.3 Elect James Winston Mgmt For For For 2 Ratification of Auditor Mgmt For For For 3 Advisory Vote on Executive Mgmt For For For Compensation 4 Frequency of Advisory Vote on Mgmt 1 Year 1 Year For Executive Compensation ======================================================================================================== Pfeiffer Vacuum Technology AG Ticker Security ID: Meeting Date Meeting Status PFV CINS D6058X101 05/26/2011 Voted Meeting Type Country of Trade Annual Germany Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1 Non-Voting Meeting Note N/A N/A N/A N/A 2 Non-Voting Meeting Note N/A N/A N/A N/A 3 Non-Voting Meeting Note N/A N/A N/A N/A 4 Non-Voting Agenda Item N/A N/A N/A N/A 5 Allocation of Profits/Dividends Mgmt For For For 6 Ratification of Management Board Acts Mgmt For For For 7 Ratification of Supervisory Board Mgmt For For For Acts 8 Appointment of Auditor Mgmt For For For 9 Compensation Policy Mgmt For Abstain Against 10 Supervisory Board Members' Fees Mgmt For For For 11 Increase in Authorized Capital Mgmt For For For 12 Elect Michael Oltmanns Mgmt For For For 13 Elect Gotz Timmerbeil Mgmt For For For 14 Elect Wilfried Glaum Mgmt For For For 15 Elect Wolfgang Lust Mgmt For For For ======================================================================================================== PICO Holdings, Inc. Ticker Security ID: Meeting Date Meeting Status PICO CUSIP 693366205 05/13/2011 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1 Elect Ron Langley Mgmt For For For 2 Elect John Hart Mgmt For For For 3 Advisory Vote on Executive Mgmt For For For Compensation 4 Frequency of Advisory Vote on Mgmt 3 Years 3 Years For Executive Compensation 5 Ratification of Auditor Mgmt For For For ======================================================================================================== Reliance Steel & Aluminum Co. Ticker Security ID: Meeting Date Meeting Status RS CUSIP 759509102 05/18/2011 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect John Figueroa Mgmt For For For 1.2 Elect Thomas Gimbel Mgmt For For For 1.3 Elect Douglas Hayes Mgmt For For For 1.4 Elect Franklin Johnson Mgmt For For For 1.5 Elect Leslie Waite Mgmt For For For 2 Repeal of Classified Board Mgmt For For For 3 Director Equity Plan Mgmt For For For 4 Advisory Vote on Executive Mgmt For For For Compensation 5 Frequency of Advisory Vote on Mgmt 1 Year 1 Year For Executive Compensation 6 Ratification of Auditor Mgmt For For For 7 Transaction of Other Business Mgmt For For For ======================================================================================================== Sanderson Farms, Inc. Ticker Security ID: Meeting Date Meeting Status SAFM CUSIP 800013104 02/17/2011 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect Lampkin Butts Mgmt For For For 1.2 Elect Beverly Hogan Mgmt For For For 1.3 Elect Phil Livingston Mgmt For For For 1.4 Elect Charles Ritter, Jr. Mgmt For For For 1.5 Elect Joe Sanderson, Jr. Mgmt For For For 2 Amendment to the Stock Incentive Plan Mgmt For For For 3 Advisory Vote on Executive Mgmt For For For Compensation 4 Frequency of Advisory Vote on Mgmt 3 Years 3 Years For Executive Compensation 5 Ratification of Auditor Mgmt For For For ======================================================================================================== SanDisk Corporation Ticker Security ID: Meeting Date Meeting Status SNDK CUSIP 80004C101 06/07/2011 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect Michael Marks Mgmt For For For 1.2 Elect Kevin DeNuccio Mgmt For For For 1.3 Elect Irwin Federman Mgmt For For For 1.4 Elect Steve Gomo Mgmt For For For 1.5 Elect Eddy Hartenstein Mgmt For For For 1.6 Elect Chenming Hu Mgmt For For For 1.7 Elect Catherine Lego Mgmt For For For 1.8 Elect Sanjay Mehrotra Mgmt For For For 2 Ratification of Auditor Mgmt For For For 3 Amendment to the 2005 Incentive Plan Mgmt For Abstain Against 4 Amendment to the 2005 Employee Stock Mgmt For Abstain Against Purchase Plans 5 Advisory Vote on Executive Mgmt For Abstain Against Compensation 6 Frequency of Advisory Vote on Mgmt 1 Year Abstain Against Executive Compensation ======================================================================================================== Schnitzer Steel Industries, Inc. Ticker Security ID: Meeting Date Meeting Status SCHN CUSIP 806882106 01/19/2011 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect Wayland Hicks Mgmt For For For 1.2 Elect Judith Johansen Mgmt For For For 1.3 Elect Tamara Lundgren Mgmt For For For ======================================================================================================== Seabridge Gold Inc. Ticker Security ID: Meeting Date Meeting Status SEA CUSIP 811916105 06/29/2011 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect James Anthony Mgmt For For For 1.2 Elect Douglas Barr Mgmt For For For 1.3 Elect A. Frederick Banfield Mgmt For For For 1.4 Elect Thomas Dawson Mgmt For For For 1.5 Elect Louis Fox Mgmt For For For 1.6 Elect Rudi Fronk Mgmt For For For 1.7 Elect Eliseo Gonzalez-Urien Mgmt For For For 2 Appointment of Auditor Mgmt For For For 3 Authority to Set Auditor's Fees Mgmt For For For 4 Amendment to Stock Option Plan Mgmt For For For 5 Stock Option Grant to Directors Mgmt For For For 6 Stock Option Grant to CFO Mgmt For For For 7 Stock Option Grant to Douglas Barr Mgmt For For For 8 Transaction of Other Business Mgmt For For For ======================================================================================================== Semperit AG Holding Ticker Security ID: Meeting Date Meeting Status SEM CINS A76473122 04/14/2011 Voted Meeting Type Country of Trade Annual Austria Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1 Presentation of Accounts and Reports Mgmt For For For 2 Allocation of Profits/Dividends Mgmt For For For 3 Ratification of Management Board Acts Mgmt For For For 4 Ratification of Supervisory Board Mgmt For For For Acts 5 Appointment of Auditor Mgmt For For For 6 Elect Walter Lederer Mgmt For For For ======================================================================================================== Sigma Designs, Inc. Ticker Security ID: Meeting Date Meeting Status SIGM CUSIP 826565103 07/09/2010 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect Thinh Tran Mgmt For For For 1.2 Elect William Almon Mgmt For For For 1.3 Elect Julien Nguyen Mgmt For For For 1.4 Elect Lung Tsai Mgmt For For For 2 2010 Employee Stock Purchase Plan Mgmt For For For 3 Ratification of Auditor Mgmt For For For ======================================================================================================== Simpson Manufacturing Co., Inc. Ticker Security ID: Meeting Date Meeting Status SSD CUSIP 829073105 04/26/2011 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect Earl Cheit Mgmt For Withhold Against 1.2 Elect Thomas Fitzmyers Mgmt For Withhold Against 1.3 Elect Barry Williams Mgmt For Withhold Against 2 2011 Incentive Plan Mgmt For For For 3 Ratification of Auditor Mgmt For For For 4 Advisory Vote on Executive Mgmt For For For Compensation 5 Frequency of Advisory Vote on Mgmt 1 Year 1 Year For Executive Compensation ======================================================================================================== Sprott Inc. Ticker Security ID: Meeting Date Meeting Status SII CUSIP 852066109 06/02/2011 Voted Meeting Type Country of Trade Special Canada Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1 Election of Directors (Slate) Mgmt For For For 2 Appointment of Auditor and Authority Mgmt For For For to Set Fees 3 Employee Profit Sharing Plan Mgmt For For For 4 Equity Incentive Plan for U.S. Mgmt For For For Service Providers 5 Amendment to the Stock Option Plan Mgmt For For For ======================================================================================================== Teradyne, Inc. Ticker Security ID: Meeting Date Meeting Status TER CUSIP 880770102 05/24/2011 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1 Elect James Bagley Mgmt For For For 2 Elect Michael Bradley Mgmt For For For 3 Elect Albert Carnesale Mgmt For For For 4 Elect Daniel Christman Mgmt For For For 5 Elect Edwin Gillis Mgmt For For For 6 Elect Timothy Guertin Mgmt For For For 7 Elect Paul Tufano Mgmt For For For 8 Elect Roy Vallee Mgmt For For For 9 Advisory Vote on Executive Mgmt For For For Compensation 10 Frequency of Advisory Vote on Mgmt 3 Years 3 Years For Executive Compensation 11 Approval of the Material Terms of Mgmt For For For the Performance Goals of the 2006 Equity and Cash Compensation Incentive Plan 12 Ratification of Auditor Mgmt For For For ======================================================================================================== Tesco Corporation Ticker Security ID: Meeting Date Meeting Status TESO CUSIP 88157K101 05/04/2011 Voted Meeting Type Country of Trade Special United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect Fred Dyment Mgmt For For For 1.2 Elect Gary Kott Mgmt For For For 1.3 Elect R. Vance Milligan Mgmt For For For 1.4 Elect Julio Quintana Mgmt For For For 1.5 Elect John Reynolds Mgmt For For For 1.6 Elect Norman Robertson Mgmt For For For 1.7 Elect Michael Sutherlin Mgmt For For For 1.8 Elect Clifton Weatherford Mgmt For For For 2 Amendment to Shareholder Rights' Plan Mgmt For For For 3 Appointment of Auditor Mgmt For For For 4 Advisory Vote on Executive Mgmt For For For Compensation 5 Frequency of Advisory Vote on Mgmt 3 Years 3 Years For Executive Compensation ======================================================================================================== The Mosaic Company Ticker Security ID: Meeting Date Meeting Status MOS CUSIP 61945A107 10/07/2010 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect William Graber Mgmt For For For 1.2 Elect Emery Koenig Mgmt For For For 1.3 Elect Sergio Rial Mgmt For For For 1.4 Elect David Seaton Mgmt For For For 2 Ratification of Auditor Mgmt For For For ======================================================================================================== Thor Industries, Inc. Ticker Security ID: Meeting Date Meeting Status THO CUSIP 885160101 12/07/2010 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect Peter Orthwein Mgmt For For For 2 2010 Equity and Incentive Plan Mgmt For For For ======================================================================================================== Timberland Company Ticker Security ID: Meeting Date Meeting Status TBL CUSIP 887100105 05/26/2011 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect Sidney Swartz Mgmt For For For 1.2 Elect Jeffrey Swartz Mgmt For For For 1.3 Elect Catherine Buggeln Mgmt For For For 1.4 Elect Andre Hawaux Mgmt For For For 1.5 Elect Kenneth Lombard Mgmt For For For 1.6 Elect Edward Moneypenny Mgmt For For For 1.7 Elect Peter Moore Mgmt For For For 1.8 Elect Bill Shore Mgmt For For For 1.9 Elect Terdema Ussery II Mgmt For For For 1.10 Elect Carden Welsh Mgmt For For For 2 Ratification of Auditor Mgmt For For For 3 Advisory Vote on Executive Mgmt For For For Compensation 4 Frequency of Advisory Vote on Mgmt 1 Year 1 Year For Executive Compensation ======================================================================================================== Trican Well Service Ltd. Ticker Security ID: Meeting Date Meeting Status TCW CUSIP 895945103 05/10/2011 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1 Board Size Mgmt For For For 2.1 Elect Kenneth Bagan Mgmt For For For 2.2 Elect G. Allen Brooks Mgmt For For For 2.3 Elect Murray Cobbe Mgmt For For For 2.4 Elect Dale Dusterhoft Mgmt For For For 2.5 Elect Donald Luft Mgmt For For For 2.6 Elect Kevin Nugent Mgmt For For For 2.7 Elect Douglas Robinson Mgmt For For For 3 Appointment of Auditor and Authority Mgmt For For For to Set Fees ======================================================================================================== Unit Corporation Ticker Security ID: Meeting Date Meeting Status UNT CUSIP 909218109 05/04/2011 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect J. Michael Adcock Mgmt For For For 1.2 Elect Steven Hildebrand Mgmt For For For 1.3 Elect Larry Payne Mgmt For For For 1.4 Elect G. Bailey Peyton Mgmt For For For 2 Advisory Vote on Executive Mgmt For For For Compensation 3 Frequency of Advisory Vote on Mgmt 1 Year 1 Year For Executive Compensation 4 Ratification of Auditor Mgmt For For For ======================================================================================================== Value Partners Group Limited Ticker Security ID: Meeting Date Meeting Status 806 CINS G93175100 05/04/2011 Voted Meeting Type Country of Trade Annual Cayman Islands Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1 Non-Voting Meeting Note N/A N/A N/A N/A 2 Non-Voting Meeting Note N/A N/A N/A N/A 3 Accounts and Reports Mgmt For For For 4 Allocation of Profits/Dividends Mgmt For For For 5 Elect CHEAH Cheng Hye Mgmt For For For 6 Elect CHAN Sheung Lai Mgmt For For For 7 Elect Michael F. Coorey Mgmt For For For 8 Elect Renee HUNG Yuek Yan Mgmt For For For 9 Elect Michael CHEN Shih Ta Mgmt For For For 10 Directors' Fees Mgmt For For For 11 Appointment of Auditor and Authority Mgmt For For For to Set Fees 12 Authority to Issue Shares w/ Mgmt For For For Preemptive Rights 13 Authority to Repurchase Shares Mgmt For For For 14 Authority Issue Repurchased Shares Mgmt For For For 15 Non-Voting Meeting Note N/A N/A N/A N/A ======================================================================================================== Varian Semiconductor Equipment Associates, Inc. Ticker Security ID: Meeting Date Meeting Status VSEA CUSIP 922207105 01/20/2011 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect Richard Aurelio Mgmt For For For 1.2 Elect Bin-ming (Benjamin) Tsai Mgmt For For For 2 Ratification of Auditor Mgmt For For For 3 2011 Management Incentive Plan Mgmt For For For ======================================================================================================== WaterFurnace Renewable Energy, Inc. Ticker Security ID: Meeting Date Meeting Status WFI CUSIP 9415EQ108 05/10/2011 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1 Election of Directors (Slate) Mgmt For For For 2 Appointment of Auditor and Authority Mgmt For For For to Set Fees ======================================================================================================== Western Digital Corporation Ticker Security ID: Meeting Date Meeting Status WDC CUSIP 958102105 11/11/2010 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1 Elect Peter Behrendt Mgmt For For For 2 Elect Kathleen Cote Mgmt For For For 3 Elect John Coyne Mgmt For For For 4 Elect Henry DeNero Mgmt For For For 5 Elect William Kimsey Mgmt For For For 6 Elect Michael Lambert Mgmt For For For 7 Elect Len Lauer Mgmt For For For 8 Elect Matthew Massengill Mgmt For For For 9 Elect Roger Moore Mgmt For For For 10 Elect Thomas Pardun Mgmt For For For 11 Elect Arif Shakeel Mgmt For For For 12 Ratification of Auditor Mgmt For 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. (Registrant) Royce Focus Trust, Inc. By (Signature) /s/ Charles M. Royce Name Charles M. Royce Title President Date 08/16/2011