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 333-102850
Bertolet Capital Trust
(Exact name of registrant as specified in charter)
1414 Sixth Avenue, Suite 900
New York, NY 10019
(Address of principal executive offices)
(Zip code)
John E. Deysher
1414 Sixth Ave., Suite 900
New York, NY 10019
(Name and address of agent for service)
Copies to:
Stephanie A. Djinis, Esq
Law Offices of Stephanie A. Djinis
1749 Old Meadow Road, Suite 310
McLean, Virginia 22102
Registrant's telephone number, including area code: (212) 508-4537
Date of fiscal year end: December 31
Date of reporting period: June 30, 2005
Form N-PX is to be used by a registered management investment company, other than a small business investment company registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than August 31 of each year, containing the registrant’s proxy voting record for the most recent twelve-month period ended June 30, pursuant to section 30 of the Investment Company Act of 1940 and rule 30b1-4 thereunder (17 CFR 270.30b1-4). The Commission may use the information provided on Form N-PX in its regulatory, disclosure review, inspection, and policymaking notes.
A registrant is required to disclose the information specified by Form N-PX, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-PX unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.
ITEM 1. PROXY VOTING RECORD:
Disclose the following information for each matter relating to a portfolio security considered at any shareholder meeting held during the period covered by the report and with respect to which the registrant was entitled to vote:
(a).
The name of the issuer of the portfolio security;
(b).
The exchange ticker symbol of the portfolio security;
(c).
The Council on Uniform Securities Identification Procedures ("CUSIP") number for the portfolio security;
(d).
The shareholder meeting date;
(e).
A brief identification of the matter voted on;
(f).
Whether the matter was proposed by the issuer or by a security holder;
(g).
Whether the Registrant cast its vote on the matter;
(h).
How the Registrant cast its vote (e.g., for or against proposal, or abstain; for or withhold regarding election of directors); and
(i).
Whether the Registrant cast its vote for or against management.
Pinnacle Value Fund |
ADVENT CLAYMORE CONV SECS & INC-PFD |
Ticker Symbol:AVK | Cusip Number: 00764C208 | |
Record Date: 9/22/2004 | Meeting Date: 10/26/2004 |
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
1 | DIRECTORS | FOR | ISSUER | FOR | WITH |
AIM SELECT REAL ESTATE INC- PFD |
Ticker Symbol:RRE | Cusip Number: 00888R305 | |
Record Date: 3/23/2005 | Meeting Date: 5/9/2005 |
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
1 | DIRECTORS | FOR | ISSUER | FOR | WITH |
2 | AUDITORS | FOR | ISSUER | FOR | WITH |
AMERITRANS CAPITAL |
Ticker Symbol:AMTC | Cusip Number: 03073H207 | |
Record Date: 1/24/2005 | Meeting Date: 3/4/2005 |
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
1 | DIRECTORS | FOR | ISSUER | FOR | WITH |
2 | AUDITORS | FOR | ISSUER | FOR | WITH |
ARGAN INC.. |
Ticker Symbol:AGAX | Cusip Number: 04010E109 | |
Record Date: 5/6/2005 | Meeting Date: 6/23/2005 |
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
1 | DIRECTORS | FOR | ISSUER | FOR | WITH |
2 | AUDITORS | FOR | ISSUER | FOR | WITH |
ARROW MAGNOLIA INTL. INC. |
Ticker Symbol:ARWM | Cusip Number: 042768101 | |
Record Date: 11/8/2004 | Meeting Date: 1/6/2005 |
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
1 | MERGER APPROVAL | AGAINST | ISSUER | FOR | AGAINST |
CADUS CORP. |
Ticker Symbol:KDUS | Cusip Number: 127639102 | |
Record Date: 6/10/2004 | Meeting Date: 7/21/2004 |
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
1 | DIRECTORS | FOR | ISSUER | FOR | WITH |
CAPITAL SOUTWEST |
Ticker Symbol:CSWC | Cusip Number: 140501107 | |
Record Date: 6/1/2004 | Meeting Date: 7/19/2004 |
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
1 | DIRECTORS | FOR | ISSUER | FOR | WITH |
2 | AUDITOR | FOR | ISSUER | FOR | WITH |
CATHAY MERCHANT GP. |
Ticker Symbol:CMQ | Cusip Number: 14916A101 | |
Record Date: 5/6/2005 | Meeting Date: 5/15/2005 |
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
1 | DIRECTORS | SPLIT | ISSUER | FOR | WITH/AGAINST |
2 | AUDITORS | FOR | ISSUER | FOR | WITH |
3 | MERGER APPROVAL | FOR | ISSUER | FOR | WITH |
4 | SPECIAL RESOLUTION | AGAINST | ISSUER | FOR | AGAINST |
DEB SHOPS INC. |
Ticker Symbol:DEBS | Cusip Number: 242728103 | |
Record Date: 3/31/2005 | Meeting Date: 5/11/2005 |
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
1 | DIRECTORS | FOR | ISSUER | FOR | WITH |
DELTA APPAREL |
Ticker Symbol:DLA | Cusip Number: 247368103 | |
Record Date: 9/17/2004 | Meeting Date: 11/11/2004 |
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
1 | DIRECTORS | FOR | ISSUER | FOR | WITH |
2 | NON EMPLOYEE DIRECTOR STOCK PLAN | FOR | ISSUER | FOR | WITH |
3 | AUDITORS | FOR | ISSUER | FOR | WITH |
DELTA WOODSIDE IND. |
Ticker Symbol:DLWI | Cusip Number: 247909203 | |
Record Date: 9/15/2004 | Meeting Date: 11/22/2004 |
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
1 | DIRECTORS | FOR | ISSUER | FOR | WITH |
2 | AUDITORS | FOR | ISSUER | FOR | WITH |
EQUIDYNE |
Ticker Symbol:CMQ | Cusip Number: 29442R105 | |
Record Date: 8/5/2004 | Meeting Date: 9/16/2004 |
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
1 | INCREASE AUTHORIZED SHARES | AGAINST | ISSUER | FOR | AGAINST |
2 | SHARE ISSUANCE TO MFC BANCORP | AGAINST | ISSUER | FOR | AGAINST |
FIRST UNION REAL ESTATE EQTY & MTG |
Ticker Symbol:FUR | Cusip Number: 337400105 | |
Record Date: 3/31/2005 | Meeting Date: 5/10/2005 |
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
1 | DIRECTORS | FOR | ISSUER | FOR | WITH |
2 | AUDITORS | FOR | ISSUER | FOR | WITH |
3 | NAME CHANGE | FOR | ISSUER | FOR | WITH |
FRIEDMAN IND. |
Ticker Symbol:FRD | Cusip Number: 358435105 | |
Record Date: 7/16/2004 | Meeting Date: 9/9/2004 |
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
1 | DIRECTORS | FOR | ISSUER | FOR | WITH |
GOLDEN ENTERPRISES |
Ticker Symbol:GLDN | Cusip Number: 381010107 | |
Record Date: 8/6/2004 | Meeting Date: 9/23/2004 |
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
1 | DIRECTORS | FOR | ISSUER | FOR | WITH |
MFC BANCORP |
Ticker Symbol:MXBIF | Cusip Number: 55271X202 | |
Record Date: 4/14/2005 | Meeting Date: 5/14/2005 |
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
1 | DIRECTORS | SPLIT | ISSUER | FOR | WITH/AGAINST |
2 | AUDITOR | FOR | ISSUER | FOR | WITH |
3 | AUDITOR COMPENSATION | FOR | ISSUER | FOR | WITH |
MFC BANCORP. |
Ticker Symbol:MXBIF | Cusip Number: 55271X202 | |
Record Date: 7/9/2004 | Meeting Date: 8/12/2004 |
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
1 | DIRECTORS | FOR | ISSUER | FOR | WITH |
2 | AUDITOR | FOR | ISSUER | FOR | WITH |
3 | AUDITOR COMPENSATION | FOR | ISSUER | FOR | WITH |
4 | SPECIAL RESOLUTION | AGAINST | ISSUER | FOR | AGAINST |
5 | SPECIAL RESOLUTION | AGAINST | ISSUER | FOR | AGAINST |
MVC CAPITAL |
Ticker Symbol:MVC | Cusip Number: 553829102 | |
Record Date: 2/18/2005 | Meeting Date: 4/11/2005 |
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
1 | DIRECTORS | FOR | ISSUER | FOR | WITH |
NATIONAL PRESTO |
Ticker Symbol:NPK | Cusip Number: 637215104 | |
Record Date: 8/11/2004 | Meeting Date: 10/19/2004 |
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
1 | DIRECTORS | FOR | ISSUER | FOR | WITH |
PIONEER HIGH INC TST- PFD |
Ticker Symbol:PHH | Cusip Number: 72369H205 | |
Record Date: 9/17/2004 | Meeting Date: 11/10/2004 |
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
1 | DIRECTORS | FOR | ISSUER | FOR | WITH |
REGENCY AFFILIATES |
Ticker Symbol:RAFI | Cusip Number: 758847305 | |
Record Date: 12/2/2004 | Meeting Date: 1/18/2005 |
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
1 | DIRECTORS | FOR | ISSUER | FOR | WITH |
1 | AUDITORS | FOR | ISSUER | FOR | WITH |
RG BARRY CORP. |
Ticker Symbol:RGBC | Cusip Number: 068798107 | |
Record Date: 3/21/2005 | Meeting Date: 5/20/2005 |
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
1 | DIRECTORS | FOR | ISSUER | FOR | WITH |
2 | AUDITORS | FOR | ISSUER | FOR | WITH |
SCPIE HLDGS. |
Ticker Symbol:SKP | Cusip Number: 78402P104 | |
Record Date: 3/28/2005 | Meeting Date: 5/24/2005 |
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
1 | DIRECTORS | FOR | ISSUER | FOR | WITH |
SIFCO IND. |
Ticker Symbol:SIF | Cusip Number: 826546103 | |
Record Date: 12/3/2004 | Meeting Date: 1/25/2005 |
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
1 | DIRECTORS | FOR | ISSUER | FOR | WITH |
2 | AUDITORS | FOR | ISSUER | FOR | WITH |
TECHNOLOGY SOLUTIONS CO. |
Ticker Symbol:TSCC | Cusip Number: 87872T108 | |
Record Date: 3/18/2005 | Meeting Date: 5/5/2005 |
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
1 | DIRECTORS | FOR | ISSUER | FOR | WITH |
2 | AUDITORS | FOR | ISSUER | FOR | WITH |
UNITED RETAIL GP. |
Ticker Symbol:URGI | Cusip Number: 911380103 | |
Record Date: 5/5/2005 | Meeting Date: 6/27/2005 |
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
1 | DIRECTORS | FOR | ISSUER | FOR | WITH |
USA REAL ESTATE INVEST TST |
Ticker Symbol:USRE | Cusip Number: 90328G308 | |
Record Date: 3/21/2005 | Meeting Date: 5/14/2005 |
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
1 | DIRECTORS | FOR | ISSUER | FOR | WITH |
WESTERN ASSET PREMIER BD FD- PFD |
Ticker Symbol:WEA | Cusip Number: 957664204 | |
Record Date: 3/15/2005 | Meeting Date: 5/10/2005 |
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
1 | DIRECTORS | FOR | ISSUER | FOR | WITH |
* Management Recommended Vote
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.
Bertolet Capital Trust
By John E. Deysher
* John E. Deysher
President
Date: August 17, 2005
*Print the name and title of each signing officer under his or her signature.