N-PX 1 rft-npx2010.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: 12/31/10 Date of reporting period: 07/01/2009 - 06/30/2010 Item 1. Proxy Voting Record The report may indicate that the "meeting status" of a particular proposal was "take no action". The reason for no action being taken, 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: 12/31/10 ADTRAN, Inc. Ticker Security ID: Meeting Date Meeting Status ADTN CUSIP 00738A106 05/05/2010 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect Thomas Stanton Mgmt For For For 1.2 Elect H. Fenwick Huss Mgmt For For For 1.3 Elect Ross Ireland Mgmt For For For 1.4 Elect William Marks Mgmt For For For 1.5 Elect James Matthews Mgmt For For For 1.6 Elect Balan Nair Mgmt For For For 1.7 Elect Roy Nichols Mgmt For For For 2 Amendment to the 2005 Directors Mgmt For For For Stock Option Plan 3 Ratification of Auditor Mgmt For For For Alamos Gold Inc. Ticker Security ID: Meeting Date Meeting Status AGI CUSIP 011527108 06/02/2010 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 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 Eduardo Luna Mgmt For For For 2.7 Elect Paul Murphy Mgmt For For For 3 Appointment of Auditor and Authority Mgmt For For For to Set Fees Artio Global Investors Inc. Ticker Security ID: Meeting Date Meeting Status ART CUSIP 04315B107 05/11/2010 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1 Elect Duane Kullberg Mgmt For For For 2 Ratification of Auditor Mgmt For For For Berkshire Hathaway Inc. Ticker Security ID: Meeting Date Meeting Status BRK.A CUSIP 084670702 05/01/2010 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 Coach, Inc. Ticker Security ID: Meeting Date Meeting Status COH CUSIP 189754104 11/05/2009 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 Withhold Against 1.6 Elect Michael Murphy Mgmt For Withhold Against 1.7 Elect Jide Zeitlin Mgmt For For For 2 Amendment to the 2004 Stock Mgmt For For For Incentive Award Plan 3 Shareholder Proposal Regarding ShrHldr Against Against For Cessation of Fur Use in Products Endeavour Financial Corporation Ticker Security ID: Meeting Date Meeting Status EDV CUSIP G3040R109 11/10/2009 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1 Appointment of Auditor and Authority Mgmt For For For to Set Fees 2 Renewal of the Stock Option Plan Mgmt For For For Endo Pharmaceuticals Holdings Inc. Ticker Security ID: Meeting Date Meeting Status ENDP CUSIP 29264F205 05/26/2010 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect John Delucca Mgmt For For For 1.2 Elect David Holveck Mgmt For For For 1.3 Elect Nancy Hutson Mgmt For For For 1.4 Elect Michael Hyatt Mgmt For For For 1.5 Elect Roger Kimmel Mgmt For For For 1.6 Elect William P. Montague Mgmt For For For 1.7 Elect Joseph Scodari Mgmt For For For 1.8 Elect William Spengler Mgmt For For For 2 2010 Stock Incentive Plan Mgmt For For For 3 Ratification of Auditor Mgmt For For For Ensign Energy Services Inc. Ticker Security ID: Meeting Date Meeting Status ESI ISIN CA2935701078 05/26/2010 Voted Meeting Type Country of Trade Annual Canada Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1 Board Size Mgmt For For For 2.1 Elect N. Murray Edwards Mgmt For For For 2.2 Elect Robert Geddes Mgmt For For For 2.3 Elect James Howe Mgmt For For For 2.4 Elect Len Kangas Mgmt For For For 2.5 Elect Selby Porter Mgmt For For For 2.6 Elect John Schroeder Mgmt For For For 2.7 Elect Kenneth Skirka Mgmt For For For 2.8 Elect Gail Surkan Mgmt For For For 2.9 Elect Barth Whitham Mgmt For For For 3 Appointment of Auditor and Authority Mgmt For For For to Set Fees Exxon Mobil Corporation Ticker Security ID: Meeting Date Meeting Status XOM CUSIP 30231G102 05/26/2010 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect 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 Shareholder Proposal Regarding Right ShrHldr Against Against For to Call a Special Meeting 4 Shareholder Proposal Regarding ShrHldr Against Against For Reincorporation 5 Shareholder Proposal Regarding ShrHldr Against Against For Advisory Vote on Compensation (Say on Pay) 6 Shareholder Proposal Regarding ShrHldr Against Against For Adopting Sexual Orientation and Gender Identity Anti-Bias Policy 7 Shareholder Proposal Regarding Human ShrHldr Against Against For Right to Water 8 Shareholder Proposal Regarding ShrHldr Against Against For Louisiana Wetlands 9 Shareholder Proposal Regarding ShrHldr Against Against For Report on Oil Sands Operations 10 Shareholder Proposal Regarding ShrHldr Against Against For Report on Hydraulic Fracturing 11 Shareholder Proposal Regarding an ShrHldr Against Against For Energy Technology Report 12 Shareholder Proposal Regarding ShrHldr Against Against For Greenhouse Gas Emissions Goals 13 Shareholder Proposal Regarding ShrHldr Against Against For Report on Future Energy Trends Franklin Resources, Inc. Ticker Security ID: Meeting Date Meeting Status BEN CUSIP 354613101 03/16/2010 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 Robert Joffe Mgmt For For For 5 Elect Charles Johnson Mgmt For For For 6 Elect Gregory Johnson Mgmt For For For 7 Elect Rupert Johnson, Jr. Mgmt For For For 8 Elect Thomas Kean Mgmt For For For 9 Elect Chutta Ratnathicam Mgmt For For For 10 Elect Peter Sacerdote Mgmt For For For 11 Elect Laura Stein Mgmt For For For 12 Elect Anne Tatlock 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 Fresnillo plc Ticker Security ID: Meeting Date Meeting Status FRES CINS G371E2108 05/28/2010 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 Appointment of Auditor Mgmt For For For 5 Authority to Set Auditor's Fees Mgmt For For For 6 Authority to Issue Shares w/ Mgmt For For For Preemptive Rights 7 Authority to Issue Shares w/o Mgmt For For For Preemptive Rights 8 Authority to Repurchase Shares Mgmt For For For 9 Authority to Set General Meeting Mgmt For For For Notice Period to 14 Days 10 Adoption of New Articles Mgmt For For For GameStop Corp. Ticker Security ID: Meeting Date Meeting Status GME CUSIP 36467W109 06/22/2010 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect R. Richard Fontaine Mgmt For For For 1.2 Elect Jerome Davis Mgmt For For For 1.3 Elect Steven Koonin Mgmt For For For 1.4 Elect Stephanie Shern Mgmt For For For 2 Ratification of Auditor Mgmt For For For GAMMON GOLD INC. Ticker Security ID: Meeting Date Meeting Status GAM CUSIP 36467T106 05/13/2010 Voted Meeting Type Country of Trade Special 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 3 Amendment to Stock Option Plan Mgmt For For For Regarding an Increase in Issuable Shares 4 Amendment to Stock Option Plan Mgmt For For For Regarding Change of Control Provisions 5 Deferred Share Unit Plan Mgmt For For For Gardner Denver, Inc. Ticker Security ID: Meeting Date Meeting Status GDI CUSIP 365558105 05/04/2010 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect Frank Hansen Mgmt For For For 1.2 Elect Diane Schumacher Mgmt For For For 1.3 Elect Charles Szews Mgmt For For For 2 Ratification of Auditor Mgmt For For For 3 Approval of the Company's Executive Mgmt For For For Annual Bonus Plan 4 Shareholder Proposal Regarding ShrHldr Against Against For Adopting Sexual Orientation and Gender Identity Anti-Bias Policy GrafTech International Ltd. Ticker Security ID: Meeting Date Meeting Status GTI CUSIP 384313102 05/20/2010 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 Michael Nahl Mgmt For For For 1.6 Elect Steven Shawley Mgmt For For For 1.7 Elect Craig Shular Mgmt For For For 2 Ratification of Auditor Mgmt For For For 3 Amendment to the 2005 Equity Mgmt For For For Incentive Plan Industrias Bachoco S.A.B. de C.V. Ticker Security ID: Meeting Date Meeting Status BACHCOB CUSIP 456463108 04/28/2010 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1 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 Mgmt For For For 8 Election of Meeting Delegates Mgmt For For For Intrepid Potash, Inc. Ticker Security ID: Meeting Date Meeting Status IPI CUSIP 46121Y102 05/20/2010 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect Barth Whitham Mgmt For For For 1.2 Elect J. Landis Martin Mgmt For For For 2 Ratification of Auditor Mgmt For For For Ivanhoe Mines Ltd. Ticker Security ID: Meeting Date Meeting Status IVN CUSIP 46579N103 05/07/2010 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect Robert Friedland Mgmt For For For 1.2 Elect Peter Meredith Mgmt For For For 1.3 Elect John Macken Mgmt For For For 1.4 Elect David Huberman Mgmt For For For 1.5 Elect Howard Balloch Mgmt For For For 1.6 Elect Markus Faber Mgmt For For For 1.7 Elect R. Edward Flood Mgmt For For For 1.8 Elect Robert Hanson Mgmt For For For 1.9 Elect Andrew Harding Mgmt For For For 1.10 Elect David Korbin Mgmt For For For 1.11 Elect Livia Mahler Mgmt For For For 1.12 Elect Kjeld Thygesen Mgmt For For For 2 Appointment of Auditor and Authority Mgmt For For For to Set Fees 3 Amendment to Articles Regarding Mgmt For For For Board Size 4 Elect Tracy Stevenson Mgmt For For For 5 Board Size Mgmt For For For 6 Amendment to Equity Incentive Plan Mgmt For For For 7 Shareholder Rights Plan Mgmt For For For Ivanhoe Mines Ltd. Ticker Security ID: Meeting Date Meeting Status IVN CUSIP 46579N103 10/20/2009 Voted Meeting Type Country of Trade Special United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1 Amendment to Private Placement Mgmt For For For Agreement Jacobs Engineering Group Inc. Ticker Security ID: Meeting Date Meeting Status JEC CUSIP 469814107 01/28/2010 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1 Elect Robert Davidson, Jr. Mgmt For For For 2 Elect Edward Fritzky Mgmt For For For 3 Elect Benjamin Montoya Mgmt For For For 4 Elect Peter Robertson Mgmt For For For 5 Ratification of Auditor Mgmt For For For Kennametal Inc. Ticker Security ID: Meeting Date Meeting Status KMT CUSIP 489170100 10/27/2009 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect Ronald DeFeo Mgmt For For For 1.2 Elect William Newlin Mgmt For For For 1.3 Elect Lawrence Stranghoener Mgmt For For For 2 Ratification of Auditor Mgmt For For For KKR FINANCIAL HOLDINGS LLC Ticker Security ID: Meeting Date Meeting Status KFN CUSIP 48248A306 04/29/2010 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect Tracy Collins Mgmt For For For 1.2 Elect Vincent Paul Finigan Mgmt For For For 1.3 Elect Paul Hazen Mgmt For For For 1.4 Elect R. Glenn Hubbard Mgmt For For For 1.5 Elect Ross Kari Mgmt For For For 1.6 Elect Ely Licht Mgmt For For For 1.7 Elect Deborah McAneny Mgmt For For For 1.8 Elect Scott Nuttall Mgmt For For For 1.9 Elect Scott Ryles Mgmt For For For 1.10 Elect William Sonneborn Mgmt For For For 1.11 Elect Willy Strothotte Mgmt For For For 2 Ratification of Auditor Mgmt For For For Knight Capital Group, Inc. Ticker Security ID: Meeting Date Meeting Status NITE CUSIP 499005106 05/12/2010 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 Gary Griffith Mgmt For For For 3 Elect Thomas Joyce Mgmt For For For 4 Elect James Lewis Mgmt For For For 5 Elect Thomas Lockburner Mgmt For For For 6 Elect James Milde Mgmt For For For 7 Elect Christopher Quick Mgmt For For For 8 Elect Laurie Shahon Mgmt For For For 9 2010 Equity Incentive Plan Mgmt For For For 10 Ratification of Auditor Mgmt For For For Korn/Ferry International Ticker Security ID: Meeting Date Meeting Status KFY CUSIP 500643200 09/10/2009 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect Kenneth Whipple Mgmt For For For 1.2 Elect Denise Kingsmill Mgmt For For For 1.3 Elect George Shaheen Mgmt For For For 2 Amendment to the 2008 Stock Mgmt For Against Against Incentive Plan 3 Ratification of Auditor Mgmt For For For Lexicon Pharmaceuticals, Inc. Ticker Security ID: Meeting Date Meeting Status LXRX CUSIP 528872104 04/29/2010 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect Raymond Debbane Mgmt For For For 1.2 Elect Robert Lefkowitz Mgmt For For For 1.3 Elect Alan Nies Mgmt For For For 2 Ratification of Auditor Mgmt For For For Lexicon Pharmaceuticals, Inc. Ticker Security ID: Meeting Date Meeting Status LXRX CUSIP 528872104 07/15/2009 Voted Meeting Type Country of Trade Special United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1 Increase of Authorized Common Stock Mgmt For For For Lincoln Electric Holdings, Inc. Ticker Security ID: Meeting Date Meeting Status LECO CUSIP 533900106 04/29/2010 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect Stephen Hanks Mgmt For For For 1.2 Elect Kathryn Lincoln Mgmt For For For 1.3 Elect William Macdonald, III Mgmt For For For 1.4 Elect George Walls, Jr. Mgmt For For For 2 Ratification of Auditor Mgmt For For For Major Drilling Group International Inc. Ticker Security ID: Meeting Date Meeting Status MDI CUSIP 560909103 09/09/2009 Voted Meeting Type Country of Trade Annual 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 David Fennell Mgmt For For For 1.3 Elect David Hope Mgmt For For For 1.4 Elect Francis McGuire Mgmt For For For 1.5 Elect Derek Pannell Mgmt For For For 1.6 Elect John Schiavi Mgmt For For For 1.7 Elect David Tennant Mgmt For For For 1.8 Elect Jo Mark Zurel Mgmt For For For 2 Appointment of Auditor and Authority Mgmt For For For to Set Fees Men's Wearhouse Inc. Ticker Security ID: Meeting Date Meeting Status MW CUSIP 587118100 06/16/2010 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect George Zimmer Mgmt For For For 1.2 Elect David Edwab Mgmt For For For 1.3 Elect Rinaldo Brutoco Mgmt For For For 1.4 Elect Michael Ray Mgmt For For For 1.5 Elect Sheldon Stein Mgmt For For For 1.6 Elect Deepak Chopra Mgmt For For For 1.7 Elect William Sechrest Mgmt For For For 1.8 Elect Larry Katzen Mgmt For For For 2 Ratification of Auditor Mgmt For For For Microsoft Corporation Ticker Security ID: Meeting Date Meeting Status MSFT CUSIP 594918104 11/19/2009 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1 Elect William Gates, III Mgmt For For For 2 Elect Steven Ballmer Mgmt For For For 3 Elect Dina Dublon 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 Restoration of Right to Call a Mgmt For For For Special Meeting 12 Advisory Vote on Executive Mgmt For For For Compensation 13 Shareholder Proposal Regarding ShrHldr Against Against For Adoption of Principles for Health Care Reform 14 Shareholder Proposal Regarding ShrHldr Against Against For Charitable Contributions MKS Instruments, Inc. Ticker Security ID: Meeting Date Meeting Status MKSI CUSIP 55306N104 05/03/2010 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect Cristina Amon Mgmt For For For 1.2 Elect Richard Chute Mgmt For For For 1.3 Elect Peter Hanley Mgmt For For For 2 Ratification of Auditor Mgmt For For For Nu Skin Enterprises, Inc. Ticker Security ID: Meeting Date Meeting Status NUS CUSIP 67018T105 05/26/2010 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect 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 2010 Omnibus Incentive Plan Mgmt For For For 3 Ratification of Auditor Mgmt For For For Nucor Corporation Ticker Security ID: Meeting Date Meeting Status NUE CUSIP 670346105 05/13/2010 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect Daniel DiMicco Mgmt For For For 1.2 Elect James Hlavacek Mgmt For For For 1.3 Elect John Walker Mgmt For For For 2 Ratification of Auditor Mgmt For For For 3 Repeal of Classified Board Mgmt For For For 4 2010 Stock Option and Award Plan Mgmt For For For 5 Shareholder Proposal Regarding ShrHldr Against Against For Majority Vote for Election of Directors 6 Shareholder Proposal Regarding ShrHldr Against Against For Political Contributions and Expenditure Report Pan American Silver Corp. Ticker Security ID: Meeting Date Meeting Status PAA CUSIP 697900108 05/10/2010 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 Michael Larson Mgmt For For For 1.7 Elect Paul Sweeney Mgmt For For For 1.8 Elect David Press Mgmt For For For 1.9 Elect Walter Segsworth 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 5 Amendment to Stock Option Plan Mgmt For For For Partners Group Holding Ticker Security ID: Meeting Date Meeting Status PGHN CINS H6120A101 05/06/2010 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 Authority to Repurchase Shares Mgmt For For For 7 Amendments to Articles Mgmt For For For 8 Ratification of Board and Management Mgmt For For For Acts 9 Election of Directors Mgmt For For For 10 Appointment of Auditor Mgmt For For For 11 Non-Voting Agenda Item N/A N/A N/A N/A Pason Systems Inc. Ticker Security ID: Meeting Date Meeting Status PSI CUSIP 702925108 05/10/2010 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 02/03/2010 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect Thompson Baker II Mgmt For For For 1.2 Elect Martin Stein, Jr. Mgmt For For For 2 Ratification of Auditor Mgmt For For For Pfeiffer Vacuum Technology AG Ticker Security ID: Meeting Date Meeting Status PFV CINS D6058X101 05/20/2010 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 Agenda Item N/A N/A N/A N/A 4 Allocation of Profits/Dividends Mgmt For For For 5 Ratification of Management Board Acts Mgmt For For For 6 Ratification of Supervisory Board Mgmt For For For Acts 7 Appointment of Auditor Mgmt For For For 8 Authority to Repurchase Shares Mgmt For For For 9 Increase in Authorized Capital Mgmt For For For 10 Elect Wolfgang Lust Mgmt For For For 11 Amendments to Articles Mgmt For For For PICO Holdings, Inc. Ticker Security ID: Meeting Date Meeting Status PICO CUSIP 693366205 05/14/2010 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1 Elect Carlos Campbell Mgmt For For For 2 Elect Kristina Leslie Mgmt For For For 3 Elect Kenneth Slepicka Mgmt For For For 4 Ratification of Auditor Mgmt For For For Rational AG Ticker Security ID: Meeting Date Meeting Status RAA CINS D6349P107 04/21/2010 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 Agenda Item N/A N/A N/A N/A 4 Allocation of Profits/Dividends Mgmt For For For 5 Ratification of Management Board Acts Mgmt For For For 6 Ratification of Supervisory Board Mgmt For For For Acts 7 Compensation Policy Mgmt For Abstain Against 8 Appointment of Auditor Mgmt For For For 9 Amendments to Articles Mgmt For For For 10 Amendments to Articles Mgmt For For For Reliance Steel & Aluminum Co. Ticker Security ID: Meeting Date Meeting Status RS CUSIP 759509102 05/19/2010 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect David Hannah Mgmt For For For 1.2 Elect Mark Kaminski Mgmt For For For 1.3 Elect Gregg Mollins Mgmt For For For 1.4 Elect Andrew Sharkey, III Mgmt For For For 2 Shareholder Proposal Regarding ShrHldr Against Against For Declassification of the Board 3 Ratification of Auditor Mgmt For For For 4 Transaction of Other Business Mgmt For For For Sanderson Farms, Inc. Ticker Security ID: Meeting Date Meeting Status SAFM CUSIP 800013104 02/18/2010 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect Fred Banks, Jr. Mgmt For For For 1.2 Elect Toni Cooley Mgmt For For For 1.3 Elect Robert Khayat Mgmt For For For 1.4 Elect Dianne Mooney Mgmt For For For 1.5 Elect Gail Pittman Mgmt For For For 2 Ratification of Auditor Mgmt For For For Schnitzer Steel Industries, Inc. Ticker Security ID: Meeting Date Meeting Status SCHN CUSIP 806882106 01/27/2010 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect David Anderson Mgmt For For For 1.2 Elect William Furman Mgmt For For For 1.3 Elect William Larsson Mgmt For For For 1.4 Elect Scott Lewis Mgmt For For For 1.5 Elect Wayland Hicks Mgmt For For For 2 Executive Annual Bonus Plan Mgmt For For For Seabridge Gold Inc Ticker Security ID: Meeting Date Meeting Status SA CUSIP 811916105 06/29/2010 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 A. Frederick Banfield Mgmt For For For 1.3 Elect William Calhoun 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 and Authority Mgmt For For For to Set Fees 3 Appointment of Auditor and Authority Mgmt For For For to Set Fees Sigma Designs, Inc. Ticker Security ID: Meeting Date Meeting Status SIGM CUSIP 826565103 07/30/2009 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 Withhold Against 1.4 Elect Lung Tsai Mgmt For For For 2 2009 Stock Incentive Plan Mgmt For Against Against 3 Stock Option Exchange Program Mgmt For For For 4 Ratification of Auditor Mgmt For For For Silver Standard Resources Inc. Ticker Security ID: Meeting Date Meeting Status SSO CUSIP 82823L106 05/11/2010 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 Against Against 2.1 Elect A.E. Michael Anglin Mgmt For Withhold Against 2.2 Elect John Brodie Mgmt For Withhold Against 2.3 Elect Richard Campbell Mgmt For Withhold Against 2.4 Elect David Johnston Mgmt For Withhold Against 2.5 Elect Richard Paterson Mgmt For Withhold Against 2.6 Elect Peter Tomsett Mgmt For Withhold Against 3 Appointment of Auditor and Authority Mgmt For For For to Set Fees Simpson Manufacturing Co., Inc. Ticker Security ID: Meeting Date Meeting Status SSD CUSIP 829073105 04/28/2010 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect Gary Cusumano Mgmt For For For 1.2 Elect Peter Louras, Jr. Mgmt For For For 2 Ratification of Auditor Mgmt For For For Sims Metal Management Limited Ticker Security ID: Meeting Date Meeting Status SGM CUSIP 829160100 11/20/2009 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1 Re-elect Paul Varello Mgmt For For For 2 Re-elect J. Michael Feeney Mgmt For For For 3 Elect Paul Sukagawa Mgmt For For For 4 Elect Geoffrey Brunsdon Mgmt For For For 5 Elect Jim Thompson Mgmt For For For 6 Increase Non-Executive Directors' Mgmt For For For Fee Cap 7 Equity Grant (Group CEO Daniel Mgmt For For For Dienst) 8 Remuneration Report Mgmt For For For Sprott Inc. Ticker Security ID: Meeting Date Meeting Status SII ISIN CA8520661098 05/12/2010 Voted Meeting Type Country of Trade Annual Canada 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 Election of Directors (Slate) Mgmt For For For 4 Appointment of Auditor and Authority Mgmt For For For to Set Fees 5 Non-Voting Agenda Item N/A N/A N/A N/A Terra Industries Inc. Ticker Security ID: Meeting Date Meeting Status TRA CUSIP 880915103 11/20/2009 Take No Action Meeting Type Country of Trade Proxy Contest United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect Management Nominee Martha Hesse Mgmt For TNA N/A 1.2 Elect Management Nominee Dennis Mgmt For TNA N/A McGlone 1.3 Elect Management Nominee Henry Slack Mgmt For TNA N/A 2 Ratification of Auditor Mgmt For TNA N/A Terra Industries Inc. Ticker Security ID: Meeting Date Meeting Status TRA CUSIP 880915103 11/20/2009 Voted Meeting Type Country of Trade Proxy Contest United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect Dissident Nominee John Lilly ShrHldr N/A For N/A 1.2 Elect Dissident Nominee David Wilson ShrHldr N/A For N/A 1.3 Elect Dissident Nominee Irving ShrHldr N/A For N/A Yoskowitz 2 Ratification of Auditor ShrHldr N/A For N/A Tesco Corporation Ticker Security ID: Meeting Date Meeting Status TESO CUSIP 88157K101 05/19/2010 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect Fred 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 Appointment of Auditor Mgmt For For For The Buckle, Inc. Ticker Security ID: Meeting Date Meeting Status BKE CUSIP 118440106 06/04/2010 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 [Bonus/162(m) Plan] Mgmt For For For 4 Amendment to the 2005 Restricted Mgmt For For For Stock Plan 5 Approval of Performance-Based Awards Mgmt For For For Granted Under the 2005 Restricted Stock Plan The Mosaic Company Ticker Security ID: Meeting Date Meeting Status MOS CUSIP 61945A107 10/08/2009 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect Phyllis Cochran Mgmt For For For 1.2 Elect Robert Lumpkins Mgmt For For For 1.3 Elect Harold MacKay Mgmt For For For 1.4 Elect William Monahan Mgmt For For For 2 Amendment to the 2004 Omnibus Stock Mgmt For Abstain Against and Incentive Plan 3 Ratification of Auditor Mgmt For For For Thor Industries, Inc. Ticker Security ID: Meeting Date Meeting Status THO CUSIP 885160101 12/08/2009 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect Neil Chrisman Mgmt For For For 1.2 Elect Alan Siegel Mgmt For For For 1.3 Elect Geoffrey Thompson Mgmt For For For Timberland Company Ticker Security ID: Meeting Date Meeting Status TBL CUSIP 887100105 05/13/2010 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect Sidney Swartz Mgmt For For For 1.2 Elect Jeffrey Swartz Mgmt For For For 1.3 Elect Ian Diery Mgmt For For For 1.4 Elect John Fitzsimmons Mgmt For For For 1.5 Elect Virginia Kent Mgmt For For For 1.6 Elect Kenneth Lombard Mgmt For For For 1.7 Elect Edward Moneypenny Mgmt For For For 1.8 Elect Peter Moore Mgmt For For For 1.9 Elect Bill Shore Mgmt For For For 1.10 Elect Terdema Ussery II Mgmt For For For 1.11 Elect Carden Welsh Mgmt For For For 2 Ratification of Auditor Mgmt For For For 3 Amendment to the 2007 Incentive Plan Mgmt For For For Trican Well Service Ltd. Ticker Security ID: Meeting Date Meeting Status TCW CUSIP 895945103 05/12/2010 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 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 2.8 Elect Gary Warren Mgmt For For For 3 Appointment of Auditor and Authority Mgmt For For For to Set Fees 4 Amendment to the Stock Option Plan Mgmt For For For 5 Stock Option Plan Renewal Mgmt For For For 6 Performance Share Unit Plan Mgmt For For For 7 Amendments to By-Laws Mgmt For For For Unit Corporation Ticker Security ID: Meeting Date Meeting Status UNT CUSIP 909218109 05/05/2010 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect William Morgan Mgmt For For For 1.2 Elect John Williams Mgmt For For For 1.3 Elect Larry Pinkston Mgmt For For For 2 Amendment to the 2000 Non-Employee Mgmt For For For Directors Stock Option Plan 3 Ratification of Auditor Mgmt For For For WaterFurnace Renewable Energy Inc. Ticker Security ID: Meeting Date Meeting Status WFI CUSIP 9415EQ108 05/12/2010 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 Woodward Governor Company Ticker Security ID: Meeting Date Meeting Status WGOV CUSIP 980745103 01/22/2010 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Elect John Cohn Mgmt For For For 1.2 Elect Michael Joyce Mgmt For For For 1.3 Elect James Rulseh Mgmt For For For 2 Ratification of Auditor Mgmt For For For 3 Shareholder Proposal Regarding ShrHldr Against For Against Declassification of the Board 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 08/11/2010