Salient MF Trust N-PX Annual report of proxy voting record

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number: 811-22678

SALIENT MF TRUST

(Exact name of registrant as specified in charter)

4265 SAN FELIPE, SUITE 800

HOUSTON, TEXAS 77027

(Address of principal executive offices) (Zip code)

George Zornada, Esq.

K&L Gates

State Street Financial Center

One Lincoln Street

Boston, Ma 02111

(Name and address of agent for service)

Registrant’s telephone number, including area code: (713) 993-4001

Date of fiscal year end: December 31

Date of reporting period: July 1, 2014 through June 30, 2015

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 roles.

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.

PROXY VOTING RECORD

FOR PERIOD JULY 1, 2014 TO JUNE 30, 2015

Salient MLP & Energy Infrastructure Fund

CAPITAL PRODUCT PARTNERS L.P.
Security	Y11082107	Meeting Type	Annual
Ticker Symbol	CPLP	Meeting Date	21-Aug-2014
ISIN	MHY110821078	Agenda	934061780 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1.	ELECTION OF ONE CLASS I DIRECTOR UNTIL THE 2017 ANNUAL MEETING: PIERRE DE DEMANDOLX-DEDONS	Management	For	For
2.	PROPOSAL TO APPROVE THE FOURTH AMENDMENT TO THE SECOND AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP OF CAPITAL PRODUCT PARTNERS L.P. TO REVISE THE TARGET DISTRIBUTIONS TO HOLDERS OF INCENTIVE DISTRIBUTION RIGHTS.	Management	Against	Against
3.	PROPOSAL TO APPROVE AN AMENDMENT AND RESTATEMENT OF CAPITAL PRODUCT PARTNERS L.P. 2008 OMNIBUS INCENTIVE COMPENSATION PLAN AMENDED JULY 22, 2010 TO INCREASE THE MAXIMUM NUMBER OF RESTRICTED UNITS AUTHORIZED FOR ISSUANCE THEREUNDER FROM 800,000 TO 1,650,000.	Management	For	For

Salient MLP & Energy Infrastructure Fund

GOLAR LNG PARTNERS LP
Security	Y2745C102	Meeting Type	Annual
Ticker Symbol	GMLP	Meeting Date	19-Sep-2014
ISIN	MHY2745C1021	Agenda	934063758 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1	TO ELECT CARL E. STEEN AS A CLASS II DIRECTOR OF THE PARTNERSHIP WHOSE TERM WILL EXPIRE AT THE 2017 ANNUAL MEETING OF LIMITED PARTNERS.	Management	For	For

Salient MLP & Energy Infrastructure Fund

SEADRILL PARTNERS LLC
Security	Y7545W109	Meeting Type	Annual
Ticker Symbol	SDLP	Meeting Date	26-Sep-2014
ISIN	MHY7545W1093	Agenda	934065788 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1.	TO ELECT HARALD THORSTEIN AS A CLASS I DIRECTOR OF THE COMPANY WHOSE TERM WILL EXPIRE AT THE 2017 ANNUAL MEETING OF MEMBERS.	Management	For	For

Salient MLP & Energy Infrastructure Fund

DYNAGAS LNG PARTNERS LP
Security	Y2188B108	Meeting Type	Annual
Ticker Symbol	DLNG	Meeting Date	23-Oct-2014
ISIN	MHY2188B1083	Agenda	934076337 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1.	DIRECTOR	Management
	1       EVANGELOS VLAHOULIS		For	For
	2       ALEXIOS RODOPOULOS		For	For
	3       LEVON DEDEGIAN		For	For
2.	TO APPROVE THE APPOINTMENT OF ERNST & YOUNG (HELLAS) CERTIFIED AUDITORS ACCOUNTANTS S.A. AS THE PARTNERSHIP’S INDEPENDENT AUDITORS FOR THE FISCAL YEAR ENDING DECEMBER 31, 2014	Management	For	For

Salient MLP & Energy Infrastructure Fund

ENERGY TRANSFER PARTNERS, L.P.
Security	29273R109	Meeting Type	Special
Ticker Symbol	ETP	Meeting Date	20-Nov-2014
ISIN	US29273R1095	Agenda	934092507 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1	APPROVAL OF THE SECOND AMENDED AND RESTATED ENERGY TRANSFER PARTNERS, L.P. 2008 LONG-TERM INCENTIVE PLAN (AS IT HAS BEEN AMENDED FROM TIME TO TIME, THE “LTIP”), WHICH, AMONG OTHER THINGS, PROVIDES FOR AN INCREASE IN THE MAXIMUM NUMBER OF COMMON UNITS RESERVED AND AVAILABLE FOR DELIVERY WITH RESPECT TO AWARDS UNDER THE LTIP TO 10,000,000 COMMON UNITS (THE “LTIP PROPOSAL”).	Management	For	For
2	APPROVAL OF THE ADJOURNMENT OF THE SPECIAL MEETING TO A LATER DATE OR DATES, IF NECESSARY OR APPROPRIATE, TO SOLICIT ADDITIONAL PROXIES IN THE EVENT THERE ARE NOT SUFFICIENT VOTES AT THE TIME OF THE SPECIAL MEETING TO APPROVE THE LTIP PROPOSAL.	Management	For	For

Salient MLP & Energy Infrastructure Fund

KINDER MORGAN MANAGEMENT, LLC
Security	49455U100	Meeting Type	Special
Ticker Symbol	KMR	Meeting Date	20-Nov-2014
ISIN	US49455U1007	Agenda	934091719 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1.	TO APPROVE THE KMR MERGER AGREEMENT.	Management	Abstain	Against
2.	TO APPROVE THE KMR ADJOURNMENT PROPOSAL.	Management	Abstain	Against
3.	TO APPROVE THE KMP MERGER AGREEMENT.	Management	Abstain	Against
4.	TO APPROVE THE KMP ADJOURNMENT PROPOSAL.	Management	Abstain	Against

Salient MLP & Energy Infrastructure Fund

KINDER MORGAN, INC.
Security	49456B101	Meeting Type	Special
Ticker Symbol	KMI	Meeting Date	20-Nov-2014
ISIN	US49456B1017	Agenda	934091721 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1.	TO APPROVE AN AMENDMENT OF THE CERTIFICATE OF INCORPORATION OF KMI TO INCREASE THE NUMBER OF AUTHORIZED SHARES OF CLASS P COMMON STOCK, PAR VALUE $0.01 PER SHARE, OF KMI FROM 2,000,000,000 TO 4,000,000,000.	Management	Abstain	Against
2.	TO APPROVE THE ISSUANCE OF SHARES OF KMI COMMON STOCK IN THE PROPOSED KMP, KMR AND EPB MERGERS.	Management	Abstain	Against
3.	TO APPROVE THE ADJOURNMENT OF THE SPECIAL MEETING, IF NECESSARY TO SOLICIT ADDITIONAL PROXIES IF THERE ARE NOT SUFFICIENT VOTES TO ADOPT THE FOREGOING PROPOSALS AT THE TIME OF THE SPECIAL MEETING.	Management	Abstain	Against

Salient MLP & Energy Infrastructure Fund

NAVIOS MARITIME PARTNERS L.P.
Security	Y62267102	Meeting Type	Annual
Ticker Symbol	NMM	Meeting Date	21-Nov-2014
ISIN	MHY622671029	Agenda	934087102 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1.	DIRECTOR	Management
	1       SERAFEIM KRIEMPARDIS		For	For
2.	PROPOSAL TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS AS THE COMPANY’S INDEPENDENT PUBLIC ACCOUNTANTS FOR THE FISCAL YEAR ENDING DECEMBER 31, 2014.	Management	For	For

Salient MLP & Energy Infrastructure Fund

OILTANKING PARTNERS L P
Security	678049107	Meeting Type	Special
Ticker Symbol	OILT	Meeting Date	13-Feb-2015
ISIN	US6780491071	Agenda	934117753 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1.	THE APPROVAL OF THE MERGER AGREEMENT.	Management	For	For

Salient MLP & Energy Infrastructure Fund

TARGA RESOURCES CORP.
Security	87612G101	Meeting Type	Special
Ticker Symbol	TRGP	Meeting Date	20-Feb-2015
ISIN	US87612G1013	Agenda	934121928 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1.	TO CONSIDER AND VOTE UPON A PROPOSAL TO APPROVE THE ISSUANCE OF SHARES OF COMMON STOCK OF TARGA RESOURCES CORP. (“TRC”) IN CONNECTION WITH THE MERGER CONTEMPLATED BY THE AGREEMENT AND PLAN OF MERGER, DATED AS OF OCTOBER 13, 2014, BY AND AMONG TRC, TRIDENT GP MERGER SUB LLC, ATLAS ENERGY, L.P. AND ATLAS ENERGY … (DUE TO SPACE LIMITS, SEE PROXY STATEMENT FOR FULL PROPOSAL)	Management	For	For
2.	TO APPROVE ONE OR MORE ADJOURNMENTS OF THE SPECIAL MEETING IF NECESSARY OR APPROPRIATE TO SOLICIT ADDITIONAL PROXIES IF THERE ARE NOT SUFFICIENT VOTES TO APPROVE THE TRC STOCK ISSUANCE PROPOSAL.	Management	For	For

Salient MLP & Energy Infrastructure Fund

MAGELLAN MIDSTREAM PARTNERS,L.P.
Security	559080106	Meeting Type	Annual
Ticker Symbol	MMP	Meeting Date	23-Apr-2015
ISIN	US5590801065	Agenda	934133086 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1.	DIRECTOR	Management
	1       ROBERT G. CROYLE		For	For
	2       STACY P. METHVIN		For	For
	3       BARRY R. PEARL		For	For
2.	ADVISORY RESOLUTION TO APPROVE EXECUTIVE COMPENSATION	Management	For	For
3.	RATIFICATION OF APPOINTMENT OF INDEPENDENT AUDITOR	Management	For	For

Salient MLP & Energy Infrastructure Fund

SPECTRA ENERGY CORP
Security	847560109	Meeting Type	Annual
Ticker Symbol	SE	Meeting Date	28-Apr-2015
ISIN	US8475601097	Agenda	934141095 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1A.	ELECTION OF DIRECTOR: GREGORY L. EBEL	Management	For	For
1B.	ELECTION OF DIRECTOR: F. ANTHONY COMPER	Management	For	For
1C.	ELECTION OF DIRECTOR: AUSTIN A. ADAMS	Management	For	For
1D.	ELECTION OF DIRECTOR: JOSEPH ALVARADO	Management	For	For
1E.	ELECTION OF DIRECTOR: PAMELA L. CARTER	Management	For	For
1F.	ELECTION OF DIRECTOR: CLARENCE P. CAZALOT JR	Management	For	For
1G.	ELECTION OF DIRECTOR: PETER B. HAMILTON	Management	For	For
1H.	ELECTION OF DIRECTOR: MIRANDA C. HUBBS	Management	For	For
1I.	ELECTION OF DIRECTOR: MICHAEL MCSHANE	Management	For	For
1J.	ELECTION OF DIRECTOR: MICHAEL G. MORRIS	Management	For	For
1K.	ELECTION OF DIRECTOR: MICHAEL E.J. PHELPS	Management	For	For
2.	RATIFICATION OF THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS SPECTRA ENERGY CORP’S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR FISCAL YEAR 2015.	Management	For	For
3.	AN ADVISORY RESOLUTION TO APPROVE EXECUTIVE COMPENSATION.	Management	For	For
4.	SHAREHOLDER PROPOSAL CONCERNING DISCLOSURE OF POLITICAL CONTRIBUTIONS.	Shareholder	Against	For
5.	SHAREHOLDER PROPOSAL CONCERNING DISCLOSURE OF LOBBYING ACTIVITIES.	Shareholder	Against	For

Salient MLP & Energy Infrastructure Fund

TRANSCANADA CORPORATION
Security	89353D107	Meeting Type	Annual and Special Meeting
Ticker Symbol	TRP	Meeting Date	01-May-2015
ISIN	CA89353D1078	Agenda	934156678 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
01	DIRECTOR	Management
	1       KEVIN E. BENSON		For	For
	2       DEREK H. BURNEY		For	For
	3       PAULE GAUTHIER		For	For
	4       RUSSELL K. GIRLING		For	For
	5       S. BARRY JACKSON		For	For
	6       PAULA ROSPUT REYNOLDS		For	For
	7       JOHN RICHELS		For	For
	8       MARY PAT SALOMONE		For	For
	9       D. MICHAEL G. STEWART		For	For
	10     SIIM A. VANASELJA		For	For
	11     RICHARD E. WAUGH		For	For
02	RESOLUTION TO APPOINT KPMG LLP, CHARTERED ACCOUNTANTS AS AUDITORS AND AUTHORIZE THE DIRECTORS TO FIX THEIR REMUNERATION.	Management	For	For
03	RESOLUTION TO ACCEPT TRANSCANADA CORPORATION’S APPROACH TO EXECUTIVE COMPENSATION, AS DESCRIBED IN THE ACCOMPANYING MANAGEMENT INFORMATION CIRCULAR.	Management	For	For
04	SPECIAL RESOLUTION TO AMEND THE ARTICLES OF TRANSCANADA CORPORATION TO REDUCE THE MINIMUM NUMBER OF DIRECTORS TO 8 AND THE MAXIMUM NUMBER OF DIRECTORS TO 15, AS DESCRIBED IN THE ACCOMPANYING MANAGEMENT INFORMATION CIRCULAR.	Management	For	For
05	RESOLUTION CONFIRMING THE AMENDMENTS TO BY-LAW NUMBER 1 OF TRANSCANADA CORPORATION, AS DESCRIBED IN THE ACCOMPANYING MANAGEMENT INFORMATION CIRCULAR.	Management	For	For

Salient MLP & Energy Infrastructure Fund

NRG YIELD, INC.
Security	62942X108	Meeting Type	Annual
Ticker Symbol	NYLD	Meeting Date	05-May-2015
ISIN	US62942X1081	Agenda	934150107 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1.	DIRECTOR	Management
	1       DAVID CRANE		Withheld	Against
	2       JOHN F. CHLEBOWSKI		For	For
	3       KIRKLAND B. ANDREWS		Withheld	Against
	4       BRIAN R. FORD		For	For
	5       MAURICIO GUTIERREZ		Withheld	Against
	6       FERRELL P. MCCLEAN		For	For
	7       CHRISTOPHER S. SOTOS		Withheld	Against
2A.	TO APPROVE THE ADOPTION OF AMENDMENTS TO THE COMPANY’S AMENDED AND RESTATED CERTIFICATE OF INCORPORATION TO ESTABLISH THE CLASS C COMMON STOCK AND CLASS D COMMON STOCK.	Management	For	For
2B.	TO APPROVE THE ADOPTION OF AMENDMENTS TO THE COMPANY’S AMENDED AND RESTATED CERTIFICATE OF INCORPORATION TO EFFECTUATE THE STOCK SPLIT.	Management	For	For
3.	TO APPROVE THE AMENDED AND RESTATED 2013 EQUITY INCENTIVE PLAN.	Management	For	For
4.	TO RATIFY THE APPOINTMENT OF KPMG LLP AS THE COMPANY’S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE 2015 FISCAL YEAR.	Management	For	For

Salient MLP & Energy Infrastructure Fund

KINDER MORGAN, INC.
Security	49456B101	Meeting Type	Annual
Ticker Symbol	KMI	Meeting Date	07-May-2015
ISIN	US49456B1017	Agenda	934149813 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1.	DIRECTOR	Management
	1       RICHARD D. KINDER		For	For
	2       STEVEN J. KEAN		For	For
	3       TED A. GARDNER		For	For
	4       ANTHONY W. HALL, JR.		For	For
	5       GARY L. HULTQUIST		For	For
	6       RONALD L. KUEHN, JR.		For	For
	7       DEBORAH A. MACDONALD		For	For
	8       MICHAEL J. MILLER		For	For
	9       MICHAEL C. MORGAN		For	For
	10     ARTHUR C. REICHSTETTER		For	For
	11     FAYEZ SAROFIM		For	For
	12     C. PARK SHAPER		For	For
	13     WILLIAM A. SMITH		For	For
	14     JOEL V. STAFF		For	For
	15     ROBERT F. VAGT		For	For
	16     PERRY M. WAUGHTAL		For	For
2.	APPROVAL OF THE KINDER MORGAN, INC. 2015 AMENDED AND RESTATED STOCK INCENTIVE PLAN.	Management	For	For
3.	APPROVAL OF THE AMENDED AND RESTATED ANNUAL INCENTIVE PLAN OF KINDER MORGAN, INC.	Management	For	For
4.	ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION.	Management	For	For
5.	RATIFICATION OF THE SELECTION OF PRICEWATERHOUSECOOPERS LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2015.	Management	For	For
6.	APPROVAL OF THE AMENDED AND RESTATED CERTIFICATE OF INCORPORATION OF KINDER MORGAN, INC.	Management	For	For
7.	STOCKHOLDER PROPOSAL RELATING TO A REPORT ON OUR COMPANY’S RESPONSE TO CLIMATE CHANGE.	Shareholder	Against	For
8.	STOCKHOLDER PROPOSAL RELATING TO A REPORT ON METHANE EMISSIONS.	Shareholder	Against	For
9.	STOCKHOLDER PROPOSAL RELATING TO AN ANNUAL SUSTAINABILITY REPORT.	Shareholder	For	Against

Salient MLP & Energy Infrastructure Fund

NISOURCE INC.
Security	65473P105	Meeting Type	Annual
Ticker Symbol	NI	Meeting Date	12-May-2015
ISIN	US65473P1057	Agenda	934164827 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1A.	ELECTION OF DIRECTOR: RICHARD A. ABDOO	Management	For	For
1B.	ELECTION OF DIRECTOR: ARISTIDES S. CANDRIS	Management	For	For
1C.	ELECTION OF DIRECTOR: SIGMUND L. CORNELIUS	Management	For	For
1D.	ELECTION OF DIRECTOR: MICHAEL E. JESANIS	Management	For	For
1E.	ELECTION OF DIRECTOR: MARTY R. KITTRELL	Management	For	For
1F.	ELECTION OF DIRECTOR: W. LEE NUTTER	Management	For	For
1G.	ELECTION OF DIRECTOR: DEBORAH S. PARKER	Management	For	For
1H.	ELECTION OF DIRECTOR: ROBERT C. SKAGGS, JR.	Management	For	For
1I.	ELECTION OF DIRECTOR: TERESA A. TAYLOR	Management	For	For
1J.	ELECTION OF DIRECTOR: RICHARD L. THOMPSON	Management	For	For
1K.	ELECTION OF DIRECTOR: CAROLYN Y. WOO	Management	For	For
2.	TO APPROVE EXECUTIVE COMPENSATION ON AN ADVISORY BASIS.	Management	For	For
3.	TO RATIFY THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS THE COMPANY’S INDEPENDENT REGISTERED PUBLIC ACCOUNTANTS.	Management	For	For
4.	TO AMEND THE COMPANY’S CERTIFICATE OF INCORPORATION TO GIVE STOCKHOLDERS THE POWER TO REQUEST SPECIAL MEETINGS.	Management	For	For
5.	TO AMEND THE COMPANY’S CERTIFICATE OF INCORPORATION TO REDUCE THE MINIMUM NUMBER OF COMPANY DIRECTORS FROM NINE TO SEVEN.	Management	For	For
6.	TO RE-APPROVE THE COMPANY’S 2010 OMNIBUS INCENTIVE PLAN.	Management	For	For
7.	TO APPROVE AN AMENDMENT TO THE COMPANY’S EMPLOYEE STOCK PURCHASE PLAN.	Management	For	For
8.	TO CONSIDER A STOCKHOLDER PROPOSAL REGARDING REPORTS ON POLITICAL CONTRIBUTIONS.	Shareholder	Against	For

Salient MLP & Energy Infrastructure Fund

SEMGROUP CORPORATION
Security	81663A105	Meeting Type	Annual
Ticker Symbol	SEMG	Meeting Date	14-May-2015
ISIN	US81663A1051	Agenda	934187863 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1.	DIRECTOR	Management
	1       RONALD A. BALLSCHMIEDE		For	For
	2       SARAH M. BARPOULIS		For	For
	3       JOHN F. CHLEBOWSKI		For	For
	4       CARLIN G. CONNER		For	For
	5       KARL F. KURZ		For	For
	6       JAMES H. LYTAL		For	For
	7       THOMAS R. MCDANIEL		For	For
2.	TO APPROVE, ON A NON-BINDING ADVISORY BASIS, THE COMPENSATION OF THE COMPANY’S NAMED EXECUTIVE OFFICERS.	Management	For	For
3.	RATIFICATION OF BDO USA, LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2015.	Management	For	For

Salient MLP & Energy Infrastructure Fund

MACQUARIE INFRASTRUCTURE CO. LLC
Security	55608B105	Meeting Type	Special
Ticker Symbol	MIC	Meeting Date	15-May-2015
ISIN	US55608B1052	Agenda	934200293 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1.	APPROVE A PLAN OF CONVERSION, INCLUDING THE CONVERSION AND THE CERTIFICATE OF INCORPORATION AND BYLAWS, DATED AS OF APRIL 10, 2015, PROVIDING FOR THE CONVERSION OF MACQUARIE INFRASTRUCTURE COMPANY LLC FROM A LIMITED LIABILITY COMPANY ORGANIZED UNDER THE LAWS OF THE STATE OF DELAWARE TO A CORPORATION ORGANIZED UNDER THE LAWS OF THE STATE OF DELAWARE.	Management	For	For
2.	APPROVE THE AUTHORITY OF 100,000,000 SHARES OF PREFERRED STOCK, INCLUDING THE APPROVAL OF THE BRACKETED PROVISIONS IN THE CERTIFICATE OF INCORPORATION.	Management	For	For
3.	APPROVE THE ADJOURNMENT OF THE SPECIAL MEETING OF SHAREHOLDERS TO A LATER DATE OR DATES, IF NECESSARY OR APPROPRIATE, TO SOLICIT ADDITIONAL PROXIES IF THERE ARE INSUFFICIENT VOTES AT THE TIME OF THE SPECIAL MEETING OF SHAREHOLDERS TO APPROVE PROPOSALS 1 OR 2 ABOVE.	Management	For	For

Salient MLP & Energy Infrastructure Fund

TARGA RESOURCES CORP.
Security	87612G101	Meeting Type	Annual
Ticker Symbol	TRGP	Meeting Date	18-May-2015
ISIN	US87612G1013	Agenda	934156399 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1	DIRECTOR	Management
	1       JOE BOB PERKINS		For	For
	2       ERSHEL C. REDD, JR.		For	For
2	RATIFICATION OF THE SELECTION OF INDEPENDENT AUDITORS.	Management	For	For
3	A SHAREHOLDER PROPOSAL REGARDING PUBLICATION OF A REPORT ON METHANE EMISSIONS.	Shareholder	Against	For

Salient MLP & Energy Infrastructure Fund

MACQUARIE INFRASTRUCTURE CO. LLC
Security	55608B105	Meeting Type	Annual
Ticker Symbol	MIC	Meeting Date	20-May-2015
ISIN	US55608B1052	Agenda	934173028 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1.	DIRECTOR	Management
	1       NORMAN H. BROWN, JR.		For	For
	2       GEORGE W. CARMANY, III		For	For
	3       H.E. (JACK) LENTZ		For	For
	4       OUMA SANANIKONE		For	For
	5       WILLIAM H. WEBB		For	For
2.	THE RATIFICATION OF THE SELECTION OF KPMG LLP AS OUR INDEPENDENT AUDITOR FOR THE FISCAL YEAR ENDING DECEMBER 31, 2015.	Management	For	For
3.	THE APPROVAL, ON AN ADVISORY BASIS, OF EXECUTIVE COMPENSATION.	Management	For	For

Salient MLP & Energy Infrastructure Fund

ONEOK, INC.
Security	682680103	Meeting Type	Annual
Ticker Symbol	OKE	Meeting Date	20-May-2015
ISIN	US6826801036	Agenda	934172177 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1A.	ELECTION OF DIRECTOR: JAMES C. DAY	Management	For	For
1B.	ELECTION OF DIRECTOR: JULIE H. EDWARDS	Management	For	For
1C.	ELECTION OF DIRECTOR: WILLIAM L. FORD	Management	For	For
1D.	ELECTION OF DIRECTOR: JOHN W. GIBSON	Management	For	For
1E.	ELECTION OF DIRECTOR: STEVEN J. MALCOLM	Management	For	For
1F.	ELECTION OF DIRECTOR: JIM W. MOGG	Management	For	For
1G.	ELECTION OF DIRECTOR: PATTYE L. MOORE	Management	For	For
1H.	ELECTION OF DIRECTOR: GARY D. PARKER	Management	For	For
1I.	ELECTION OF DIRECTOR: EDUARDO A. RODRIGUEZ	Management	For	For
1J.	ELECTION OF DIRECTOR: TERRY K. SPENCER	Management	For	For
2.	RATIFICATION OF THE SELECTION OF PRICEWATERHOUSECOOPERS LLP AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM OF ONEOK, INC. FOR THE YEAR ENDING DECEMBER 31, 2015	Management	For	For
3.	AN ADVISORY VOTE TO APPROVE ONEOK, INC.’S EXECUTIVE COMPENSATION	Management	For	For

Salient MLP & Energy Infrastructure Fund

THE WILLIAMS COMPANIES, INC.
Security	969457100	Meeting Type	Annual
Ticker Symbol	WMB	Meeting Date	21-May-2015
ISIN	US9694571004	Agenda	934182510 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1A.	ELECTION OF DIRECTOR: ALAN S. ARMSTRONG	Management	For	For
1B.	ELECTION OF DIRECTOR: JOSEPH R. CLEVELAND	Management	For	For
1C.	ELECTION OF DIRECTOR: KATHLEEN B. COOPER	Management	For	For
1D.	ELECTION OF DIRECTOR: JOHN A. HAGG	Management	For	For
1E.	ELECTION OF DIRECTOR: JUANITA H. HINSHAW	Management	For	For
1F.	ELECTION OF DIRECTOR: RALPH IZZO	Management	For	For
1G.	ELECTION OF DIRECTOR: FRANK T. MACINNIS	Management	For	For
1H.	ELECTION OF DIRECTOR: ERIC W. MANDELBLATT	Management	For	For
1I.	ELECTION OF DIRECTOR: KEITH A. MEISTER	Management	For	For
1J.	ELECTION OF DIRECTOR: STEVEN W. NANCE	Management	For	For
1K.	ELECTION OF DIRECTOR: MURRAY D. SMITH	Management	For	For
1L.	ELECTION OF DIRECTOR: JANICE D. STONEY	Management	For	For
1M.	ELECTION OF DIRECTOR: LAURA A. SUGG	Management	For	For
2.	RATIFICATION OF ERNST & YOUNG LLP AS AUDITORS FOR 2015.	Management	For	For
3.	APPROVAL, BY NONBINDING ADVISORY VOTE, OF THE COMPANY’S EXECUTIVE COMPENSATION.	Management	For	For

Salient MLP & Energy Infrastructure Fund

BUCKEYE PARTNERS, L.P.
Security	118230101	Meeting Type	Annual
Ticker Symbol	BPL	Meeting Date	02-Jun-2015
ISIN	US1182301010	Agenda	934192333 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1.	DIRECTOR	Management
	1       PIETER BAKKER		For	For
	2       BARBARA M. BAUMANN		For	For
	3       MARK C. MCKINLEY		For	For
	4       DONALD W. NIEMIEC		For	For
2.	THE RATIFICATION OF THE SELECTION OF DELOITTE & TOUCHE LLP AS BUCKEYE PARTNERS, L.P.’S INDEPENDENT REGISTERED PUBLIC ACCOUNTANTS FOR 2015.	Management	For	For

Salient MLP & Energy Infrastructure Fund

TERRAFORM POWER INC.
Security	88104R100	Meeting Type	Annual
Ticker Symbol	TERP	Meeting Date	02-Jun-2015
ISIN	US88104R1005	Agenda	934201586 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1.	DIRECTOR	Management
	1       AHMAD CHATILA		Withheld	Against
	2       CARLOS DOMENECH ZORNOZA		Withheld	Against
	3       BRIAN WUEBBELS		Withheld	Against
	4       HANIF DAHYA		For	For
	5       MARK FLORIAN		For	For
	6       MARK LERDAL		For	For
	7       MARTIN TRUONG		Withheld	Against
	8       FRANCISCO PEREZ GUNDIN		Withheld	Against
	9       STEVEN TESORIERE		For	For
2.	RATIFICATION OF THE APPOINTMENT OF KPMG LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2015.	Management	For	For

Salient MLP & Energy Infrastructure Fund

MARKWEST ENERGY PARTNERS LP
Security	570759100	Meeting Type	Annual
Ticker Symbol	MWE	Meeting Date	03-Jun-2015
ISIN	US5707591005	Agenda	934199274 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1.	DIRECTOR	Management
	1       FRANK M. SEMPLE		For	For
	2       DONALD D. WOLF		For	For
	3       MICHAEL L. BEATTY		For	For
	4       WILLIAM A BRUCKMANN III		For	For
	5       DONALD C. HEPPERMANN		For	For
	6       RANDALL J. LARSON		For	For
	7       ANNE E. FOX MOUNSEY		For	For
	8       WILLIAM P. NICOLETTI		For	For
2.	RATIFICATION OF DELOITTE & TOUCHE LLP AS THE PARTNERSHIP’S INDEPENDENT REGISTERED PUBLIC ACCOUNTANTS FOR THE FISCAL YEAR ENDING DECEMBER 31, 2015.	Management	For	For

Salient MLP & Energy Infrastructure Fund

TEEKAY CORPORATION
Security	Y8564W103	Meeting Type	Annual
Ticker Symbol	TK	Meeting Date	10-Jun-2015
ISIN	MHY8564W1030	Agenda	934204885 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1.	DIRECTOR	Management
	1       DR. IAN D. BLACKBURNE		For	For
	2       WILLIAM B. BERRY		For	For
	3       C. SEAN DAY		For	For

Salient Global Equity Fund

LUK FOOK HOLDINGS (INTERNATIONAL) LTD
Security	G5695X125	Meeting Type	Annual General Meeting
Ticker Symbol		Meeting Date	20-Aug-2014
ISIN	BMG5695X1258	Agenda	705465739 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
CMMT	PLEASE NOTE THAT THE COMPANY NOTICE AND PROXY FORM ARE AVAILABLE BY CLICKING-ON THE URL LINKS:- http://www.hkexnews.hk/listedco/listconews/SEH K/2014/0717/LTN20140717170.pdf-AND- http://www.hkexnews.hk/listedco/listconews/SEH K/2014/0717/LTN20140717182.pdf	Non-Voting
CMMT	PLEASE NOTE THAT SHAREHOLDERS ARE ALLOWED TO VOTE ‘IN FAVOR’ OR ‘AGAINST’ FOR-ALL RESOLUTIONS, ABSTAIN IS NOT A VOTING OPTION ON THIS MEETING	Non-Voting
1	TO RECEIVE AND CONSIDER THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS AND THE REPORTS OF THE DIRECTORS AND AUDITORS FOR THE YEAR ENDED 31 MARCH 2014	Management	For	For
2	TO DECLARE THE FINAL DIVIDEND FOR THE YEAR ENDED 31 MARCH 2014	Management	For	For
3.1a	TO RE-ELECT THE FOLLOWING DIRECTOR: MR. WONG WAI SHEUNG	Management	For	For
3.1b	TO RE-ELECT THE FOLLOWING DIRECTOR: MR. WONG HO LUNG, DANNY	Management	For	For
3.1c	TO RE-ELECT THE FOLLOWING DIRECTOR: MS. WONG HAU YEUNG	Management	For	For
3.1d	TO RE-ELECT THE FOLLOWING DIRECTOR: MR. LI HON HUNG, MH, JP	Management	For	For
3.1e	TO RE-ELECT THE FOLLOWING DIRECTOR: MR. TAI KWOK LEUNG, ALEXANDER	Management	For	For
3.1f	TO RE-ELECT THE FOLLOWING DIRECTOR: MS. WONG YU POK, MARINA, JP	Management	For	For
3.2	TO AUTHORISE THE BOARD TO FIX THE REMUNERATION OF DIRECTORS	Management	For	For
4	TO RE-APPOINT PRICEWATERHOUSECOOPERS AS AUDITORS OF THE COMPANY AND TO AUTHORISE THE BOARD TO FIX THEIR REMUNERATION	Management	For	For
5	TO GRANT A GENERAL MANDATE TO THE DIRECTORS TO ALLOT, ISSUE AND DEAL WITH ADDITIONAL SHARES IN THE CAPITAL OF THE COMPANY	Management	Against	Against
6	TO GRANT A GENERAL MANDATE TO THE DIRECTORS TO REPURCHASE SHARES IN THE CAPITAL OF THE COMPANY	Management	For	For
7	SUBJECT TO THE PASSING OF RESOLUTION NOS. 5 AND 6, TO AUTHORISE THE DIRECTORS TO ISSUE ADDITIONAL SHARES REPRESENTING THE NOMINAL VALUE OF THE SHARES REPURCHASED BY THE COMPANY	Management	Against	Against

Salient Global Equity Fund

AMBEV S.A.
Security	02319V103	Meeting Type	Special
Ticker Symbol	ABEV	Meeting Date	01-Oct-2014
ISIN	US02319V1035	Agenda	934077896 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1	TO EXAMINE, DISCUSS AND APPROVE ALL THE TERMS AND CONDITIONS OF THE PROTOCOL AND JUSTIFICATION OF MERGER OF LONDRINA BEBIDAS LTDA. WITH AND INTO AMBEV S.A., ENTERED INTO BY AND AMONG THE COMPANY’S MANAGERS AND BY THE QUOTAHOLDER OF LONDRINA BEBIDAS LTDA. (“LONDRINA BEBIDAS”) (“PROTOCOL AND JUSTIFICATION” AND “MERGER”, RESPECTIVELY)	Management	For	For
2	TO RATIFY THE RETENTION OF THE SPECIALIZED FIRM APSIS CONSULTORIA EMPRESARIAL LTDA. (“APSIS”) TO PREPARE THE VALUATION REPORT OF THE NET EQUITY OF LONDRINA BEBIDAS, BASED ON ITS BOOK VALUE, FOR PURPOSES OF SECTIONS 227 AND 8 OF LAW NO. 6,404/76 (“VALUATION REPORT”)	Management	For	For
3	TO APPROVE THE VALUATION REPORT	Management	For	For
4	TO APPROVE THE MERGER	Management	For	For
5	TO AMEND THE FIRST PART OF ARTICLE 5 OF THE COMPANY’S BY-LAWS IN ORDER TO REFLECT POSSIBLE CAPITAL INCREASES APPROVED WITHIN THE LIMIT OF THE AUTHORIZED CAPITAL AND CONFIRMED BY THE MEMBERS OF THE COMPANY’S BOARD OF DIRECTORS UNTIL THE DATE OF THE EXTRAORDINARY GENERAL SHAREHOLDERS’ MEETING	Management	For	For
6	TO AUTHORIZE THE COMPANY’S EXECUTIVE COMMITTEE TO PERFORM ALL ACTS NECESSARY FOR THE CONSUMMATION OF THE MERGER	Management	For	For
7	TO AMEND AND RESTATE THE COMPANY’S BY-LAWS, IN ACCORDANCE WITH COMPANY’S MANAGEMENT PROPOSAL	Management	For	For

Salient Global Equity Fund

CHINA MERCHANTS BANK CO LTD, SHENZHEN
Security	Y14896115	Meeting Type	ExtraOrdinary General Meeting
Ticker Symbol		Meeting Date	20-Oct-2014
ISIN	CNE1000002M1	Agenda	705548216 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
CMMT	PLEASE NOTE THAT THE COMPANY NOTICE AND PROXY FORM ARE AVAILABLE BY CLICKING-ON THE URL LINKS:- http://www.hkexnews.hk/listedco/listconews/SEH K/2014/0904/LTN20140904752.pdf-AND- http://www.hkexnews.hk/listedco/listconews/SEH K/2014/0904/LTN20140904766.pdf	Non-Voting
1	RESOLUTION ON ELECTION OF MR. LI XIAOPENG AS NON-EXECUTIVE DIRECTOR	Management	For	For
2.1	RESOLUTION ON ELECTION OF MR. ANTONY LEUNG AS INDEPENDENT NONEXECUTIVE DIRECTOR	Management	For	For
2.2	RESOLUTION ON ELECTION OF MR. ZHAO JUN AS INDEPENDENT NON-EXECUTIVE DIRECTOR	Management	For	For
3	RESOLUTION ON ELECTION OF MR. JIN QINGJUN AS EXTERNAL SUPERVISOR	Management	For	For

Salient Global Equity Fund

RECKITT BENCKISER GROUP PLC, SLOUGH
Security	G74079107	Meeting Type	Ordinary General Meeting
Ticker Symbol		Meeting Date	11-Dec-2014
ISIN	GB00B24CGK77	Agenda	705707935 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1	THAT: (I) UPON THE RECOMMENDATION AND CONDITIONAL ON THE APPROVAL OF THE DIRECTORS OF THE COMPANY AND IMMEDIATELY PRIOR TO THE ORDINARY SHARES (“INDIVIOR ORDINARY SHARES”) OF INDIVIOR PLC (“INDIVIOR”) (WHICH ARE ISSUED AND TO BE ISSUED TO HOLDERS OF ORDINARY SHARES OF THE COMPANY, EXCLUDING SHARES HELD IN TREASURY, (“RB ORDINARY SHARES”) IN CONNECTION WITH THE DEMERGER (AS DEFINED BELOW)) BEING ADMITTED TO THE PREMIUM LISTING SEGMENT OF THE OFFICIAL LIST OF THE UK LISTING AUTHORITY AND TO TRADING ON THE MAIN MARKET FOR LISTED SECURITIES OF THE LONDON STOCK EXCHANGE (“ADMISSION”), A DIVIDEND IN SPECIE ON THE RB ORDINARY SHARES EQUAL TO THE AGGREGATE BOOK VALUE OF THE COMPANY’S INTEREST IN ITS SUBSIDIARY, RBP GLOBAL HOLDINGS LIMITED, AS AT THE DEMERGER RECORD TIME BE AND IS HEREBY DECLARED PAYABLE TO HOLDERS OF RB ORDINARY CONTD	Management	For	For
CONT	CONTD SHARES ON THE REGISTER OF MEMBERS OF THE COMPANY AT 6.00 P.M. (LONDON-TIME) ON MONDAY 22 DECEMBER 2014 (OR SUCH OTHER TIME OR DATE AS THE DIRECTORS-OF THE COMPANY MAY DETERMINE) (THE “DEMERGER RECORD TIME”), SUCH DIVIDEND TO-BE SATISFIED BY THE TRANSFER IMMEDIATELY PRIOR TO ADMISSION BY THE COMPANY TO-INDIVIOR OF THE ENTIRE ISSUED SHARE CAPITAL OF RBP GLOBAL HOLDINGS LIMITED IN-CONSIDERATION FOR WHICH INDIVIOR HAS AGREED TO ALLOT AND ISSUE THE INDIVIOR-ORDINARY SHARES, EFFECTIVE IMMEDIATELY PRIOR TO ADMISSION AND CREDITED AS-FULLY PAID, TO SUCH SHAREHOLDERS IN THE PROPORTION OF ONE INDIVIOR ORDINARY-SHARE FOR EACH RB ORDINARY SHARE THEN HELD BY SUCH SHAREHOLDERS (SAVE THAT,-IN RESPECT OF THE TWO INITIAL SUBSCRIBERS IN INDIVIOR (EACH OF WHOM IS, AND-WILL AT THE DEMERGER RECORD TIME CONTINUE TO BE, A SHAREHOLDER IN CONTD	Non-Voting

Salient Global Equity Fund

CONT	CONTD THE COMPANY), THE NUMBER OF INDIVIOR ORDINARY SHARES TO BE ALLOTTED AND-ISSUED TO EACH OF THEM WILL BE REDUCED BY THE NUMBER OF INDIVIOR ORDINARY-SHARES ALREADY HELD BY THEM AT THE DEMERGER RECORD TIME) SO THAT IMMEDIATELY-PRIOR TO ADMISSION ALL HOLDERS OF RB ORDINARY SHARES (INCLUDING THE TWO-INITIAL SUBSCRIBERS IN INDIVIOR) WILL HOLD ONE INDIVIOR ORDINARY SHARE FOR-EACH RB ORDINARY SHARE HELD AT THE DEMERGER RECORD TIME; AND (II) THE-DIRECTORS OF THE COMPANY BE AND ARE HEREBY AUTHORISED TO DO OR PROCURE TO BE-DONE ALL SUCH ACTS AND THINGS ON BEHALF OF THE COMPANY AND ANY OF ITS-SUBSIDIARIES AS THEY CONSIDER NECESSARY OR EXPEDIENT FOR THE PURPOSE OF-GIVING EFFECT TO THE DEMERGER (AS DEFINED IN THE CIRCULAR TO SHAREHOLDERS-PUBLISHED BY THE COMPANY AND DATED 17 NOVEMBER 2014 (THE “RB SHAREHOLDER-CIRCULAR”)) WITH CONTD	Non-Voting
CONT	CONTD SUCH AMENDMENTS, MODIFICATIONS, VARIATIONS OR REVISIONS THERETO AS ARE-NOT OF A MATERIAL NATURE	Non-Voting

Salient Global Equity Fund

BANCO SANTANDER BRASIL S.A.
Security	05967A107	Meeting Type	Special
Ticker Symbol	BSBR	Meeting Date	23-Jan-2015
ISIN	US05967A1079	Agenda	934117032 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1.	THE PROPOSAL TO APPLY THE “LONG-TERM INCENTIVE PLANS” FOR YEAR 2014, FOR MANAGERS, MANAGEMENT EMPLOYEES AND OTHER EMPLOYEES OF THE COMPANY AND COMPANIES UNDER ITS CONTROL, IN ACCORDANCE WITH THE PROPOSAL APPROVED BY THE BOARD OF DIRECTORS ON A MEETING HELD ON NOVEMBER 26TH, 2014.	Management	For	For
2.	THE PROPOSAL TO AMEND THE COMPANY’S BYLAWS TO ADAPT ITS CONTENT TO THE TRADITIONAL SEGMENT LISTING OF SECURITIES TRADING, ONCE THE COMPANY IS NO LONGER PART OF LEVEL 2 LISTING OF CORPORATE GOVERNANCE OF BM&FBOVESPA, BY THE (A) EXCLUSION OF THE SOLE PARAGRAPH OF ARTICLE 1, ITEMS ‘D’ AND ‘E’ OF SEVENTH PARAGRAPH OF ARTICLE 5, SECOND PARAGRAPH OF ARTICLE 28, SECOND AND THIRD PARAGRAPHS OF ARTICLE 41, SOLE PARAGRAPH OF ARTICLE 43, ARTICLES 45, 46 AND 47, AS WELL AS ITS RESPECTIVE PARAGRAPHS, AND SOLE ... (DUE TO SPACE LIMITS, SEE PROXY MATERIAL FOR FULL PROPOSAL)	Management	Against	Against
3.	TOWARDS THE PROPOSAL OBJECT OF ITEM 4.2 ABOVE, TO CONSOLIDATE THE COMPANY’S BYLAWS.	Management	For	For

Salient Global Equity Fund

JOHNSON CONTROLS, INC.
Security	478366107	Meeting Type	Annual
Ticker Symbol	JCI	Meeting Date	28-Jan-2015
ISIN	US4783661071	Agenda	934108603 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1.	DIRECTOR	Management
	1       NATALIE A. BLACK		For	For
	2       RAYMOND L. CONNER		For	For
	3       RICHARD GOODMAN		For	For
	4       WILLIAM H. LACY		For	For
	5       ALEX A. MOLINAROLI		For	For
	6       MARK P. VERGNANO		For	For
2.	RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT AUDITORS FOR 2015.	Management	For	For
3.	APPROVE ON AN ADVISORY BASIS NAMED EXECUTIVE OFFICER COMPENSATION.	Management	For	For

Salient Global Equity Fund

ROCKWELL AUTOMATION, INC.
Security	773903109	Meeting Type	Annual
Ticker Symbol	ROK	Meeting Date	03-Feb-2015
ISIN	US7739031091	Agenda	934110773 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
A.	DIRECTOR	Management
	1       BETTY C. ALEWINE		For	For
	2       J. PHILLIP HOLLOMAN		For	For
	3       VERNE G. ISTOCK		For	For
	4       LAWRENCE D. KINGSLEY		For	For
	5       LISA A. PAYNE		For	For
B.	TO APPROVE THE SELECTION OF DELOITTE & TOUCHE LLP AS THE CORPORATION’S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.	Management	For	For
C.	TO APPROVE, ON AN ADVISORY BASIS, THE COMPENSATION OF THE CORPORATION’S NAMED EXECUTIVE OFFICERS.	Management	For	For
D.	TO APPROVE A MAJORITY VOTE STANDARD FOR UNCONTESTED DIRECTOR ELECTIONS.	Management	For	For

Salient Global Equity Fund

INFOSYS LIMITED
Security	456788108	Meeting Type	Special
Ticker Symbol	INFY	Meeting Date	27-Feb-2015
ISIN	US4567881085	Agenda	934123061 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1.	ORDINARY RESOLUTION TO APPOINT PROF. JEFFREY S. LEHMAN AS AN INDEPENDENT DIRECTOR.	Management	For
2.	ORDINARY RESOLUTION TO APPOINT PROF. JOHN W. ETCHEMENDY AS AN INDEPENDENT DIRECTOR.	Management	For

Salient Global Equity Fund

NOVARTIS AG
Security	66987V109	Meeting Type	Annual
Ticker Symbol	NVS	Meeting Date	27-Feb-2015
ISIN	US66987V1098	Agenda	934123681 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1.	APPROVAL OF THE ANNUAL REPORT OF NOVARTIS AG, THE FINANCIAL STATEMENTS OF NOVARTIS AG AND THE GROUP CONSOLIDATED FINANCIAL STATEMENTS FOR THE 2014 FINANCIAL YEAR	Management	For	For
2.	DISCHARGE FROM LIABILITY OF THE MEMBERS OF THE BOARD OF DIRECTORS AND THE EXECUTIVE COMMITTEE	Management	For	For
3.	APPROPRIATION OF AVAILABLE EARNINGS OF NOVARTIS AG AS PER BALANCE SHEET AND DECLARATION OF DIVIDEND	Management	For	For
4.	REDUCTION OF SHARE CAPITAL	Management	For	For
5.	REVISION OF THE ARTICLES OF INCORPORATION	Management	For	For
6A.	VOTES ON COMPENSATION FOR THE MEMBERS OF THE BOARD OF DIRECTORS AND THE EXECUTIVE COMMITTEE: BINDING VOTE ON TOTAL COMPENSATION FOR MEMBERS OF THE BOARD OF DIRECTORS FROM THE 2015 ANNUAL GENERAL MEETING TO THE 2016 ANNUAL GENERAL MEETING	Management	For	For
6B.	VOTES ON COMPENSATION FOR THE MEMBERS OF THE BOARD OF DIRECTORS AND THE EXECUTIVE COMMITTEE: BINDING VOTE ON TOTAL COMPENSATION FOR MEMBERS OF THE EXECUTIVE COMMITTEE FOR THE NEXT FINANCIAL YEAR, I.E. 2016	Management	For	For
6C.	VOTES ON COMPENSATION FOR THE MEMBERS OF THE BOARD OF DIRECTORS AND THE EXECUTIVE COMMITTEE: ADVISORY VOTE ON THE 2014 COMPENSATION REPORT	Management	For	For
7A.	RE-ELECTION OF JOERG REINHARDT, PH.D., AND RE-ELECTION AS CHAIRMAN OF THE BOARD OF DIRECTORS (IN A SINGLE VOTE)	Management	For	For
7B.	RE-ELECTION OF DIMITRI AZAR, M.D.	Management	For	For
7C.	RE-ELECTION OF VERENA A. BRINER, M.D.	Management	For	For
7D.	RE-ELECTION OF SRIKANT DATAR, PH.D.	Management	For	For
7E.	RE-ELECTION OF ANN FUDGE	Management	For	For
7F.	RE-ELECTION OF PIERRE LANDOLT, PH.D.	Management	For	For
7G.	RE-ELECTION OF ANDREAS VON PLANTA, PH.D.	Management	For	For
7H.	RE-ELECTION OF CHARLES L. SAWYERS, M.D.	Management	For	For
7I.	RE-ELECTION OF ENRICO VANNI, PH.D.	Management	For	For
7J.	RE-ELECTION OF WILLIAM T. WINTERS	Management	For	For
7K.	ELECTION OF NANCY C. ANDREWS, M.D., PH.D.	Management	For	For

Salient Global Equity Fund

8A.	RE-ELECTION OF SRIKANT DATAR, PH.D., AS MEMBER OF THE COMPENSATION COMMITTEE	Management	For	For
8B.	RE-ELECTION OF ANN FUDGE AS MEMBER OF THE COMPENSATION COMMITTEE	Management	For	For
8C.	RE-ELECTION OF ENRICO VANNI, PH.D., AS MEMBER OF THE COMPENSATION COMMITTEE	Management	For	For
8D.	ELECTION OF WILLIAM T. WINTERS AS MEMBER OF THE COMPENSATION COMMITTEE	Management	For	For
9.	RE-ELECTION OF THE STATUTORY AUDITOR	Management	For	For
10.	RE-ELECTION OF THE INDEPENDENT PROXY	Management	For	For
11.	P58679L INSTRUCTIONS IN CASE OF ALTERNATIVE MOTIONS UNDER THE AGENDA ITEMS PUBLISHED IN THE NOTICE OF ANNUAL GENERAL MEETING, AND/OR OF MOTIONS RELATING TO ADDITIONAL AGENDA ITEMS ACCORDING TO ARTICLE 700 PARAGRAPH 3 OF THE SWISS CODE OF OBLIGATIONS IF ALTERNATIVE MOTIONS UNDER THE AGENDA ITEMS PUBLISHED IN THE NOTICE OF ANNUAL GENERAL MEETING AND/OR MOTIONS RELATING TO ADDITIONAL AGENDA ITEMS ACCORDING TO ARTICLE 700 PARAGRAPH 3 OF THE SWISS CODE OF OBLIGATIONS ARE PROPOSED AT THE ANNUAL GENERAL (DUE TO SPACE LIMITS, SEE PROXY MATERIAL FOR FULL PROPOSAL)	Management	Abstain

Salient Global Equity Fund

ANALOG DEVICES, INC.
Security	032654105	Meeting Type	Annual
Ticker Symbol	ADI	Meeting Date	11-Mar-2015
ISIN	US0326541051	Agenda	934121726 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1A.	ELECTION OF DIRECTOR: RAY STATA	Management	For	For
1B.	ELECTION OF DIRECTOR: VINCENT T. ROCHE	Management	For	For
1C.	ELECTION OF DIRECTOR: JOSE E. ALMEIDA	Management	For	For
1D.	ELECTION OF DIRECTOR: RICHARD M. BEYER	Management	For	For
1E.	ELECTION OF DIRECTOR: JAMES A. CHAMPY	Management	For	For
1F.	ELECTION OF DIRECTOR: EDWARD H. FRANK	Management	For	For
1G.	ELECTION OF DIRECTOR: JOHN C. HODGSON	Management	For	For
1H.	ELECTION OF DIRECTOR: YVES-ANDRE ISTEL	Management	For	For
1I.	ELECTION OF DIRECTOR: NEIL NOVICH	Management	For	For
1J.	ELECTION OF DIRECTOR: KENTON J. SICCHITANO	Management	For	For
1K.	ELECTION OF DIRECTOR: LISA T. SU	Management	For	For
2.	TO APPROVE, BY NON-BINDING “SAY-ON- PAY” VOTE, THE COMPENSATION (DUE TO SPACE LIMITS, SEE PROXY STATEMENT FOR FULL PROPOSAL)	Management	For	For
3.	TO RATIFY THE SELECTION OF ERNST & YOUNG LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE 2015 FISCAL YEAR	Management	For	For

Salient Global Equity Fund

BANCO BILBAO VIZCAYA ARGENTARIA S.A.
Security	05946K101	Meeting Type	Annual
Ticker Symbol	BBVA	Meeting Date	13-Mar-2015
ISIN	US05946K1016	Agenda	934128592 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1.1	EXAMINATION AND APPROVAL OF THE ANNUAL FINANCIAL STATEMENTS AND MANAGEMENT REPORTS OF BANCO BILBAO VIZCAYA ARGENTARIA, S.A. AND ITS CONSOLIDATED GROUP CORRESPONDING TO THE YEAR ENDING ON 31 DECEMBER 2014.	Management	For	For
1.2	APPROVAL OF THE ALLOCATION OF THE 2014 PROFIT OR LOSSES.	Management	For	For
1.3	APPROVAL OF CORPORATE MANAGEMENT DURING 2014.	Management	For	For
2.1	RE-ELECTION OF MR. JOSE ANTONIO FERNANDEZ RIVERO AS A MEMBER TO THE BOARD OF DIRECTORS.	Management	For	For
2.2	RE-ELECTION OF MRS. BELEN GARIJO LOPEZ AS A MEMBER TO THE BOARD OF DIRECTORS.	Management	For	For
2.3	RE-ELECTION OF MR. JOSE MALDONADO RAMOS AS A MEMBER TO THE BOARD OF DIRECTORS.	Management	For	For
2.4	RE-ELECTION OF MR. JUAN PI LLORENS AS A MEMBER TO THE BOARD OF DIRECTORS.	Management	For	For
2.5	APPOINTMENT OF MR. JOSE MIGUEL ANDRES TORRECILLAS AS A MEMBER TO THE BOARD OF DIRECTORS.	Management	For	For
3.	CONFERRAL ON THE BOARD OF DIRECTORS OF THE AUTHORITY TO ISSUE, DIRECTLY OR THROUGH SUBSIDIARY COMPANIES WITH THE BANK’S GUARANTEE, FINANCIAL INSTRUMENTS OF ANY SORT THAT RECOGNISE OR CREATE DEBT OF ANY CLASS OR NATURE, NOT CONVERTIBLE INTO NEWLY ISSUED SHARES, UP TO A MAXIMUM NOMINAL AMOUNT OF TWO HUNDRED AND FIFTY BILLION EUROS (¤250,000,000,000).	Management	For	For
4.1	APPROVE CAPITAL INCREASES TO BE CHARGED TO RESERVES IN ORDER TO IMPLEMENT THE BBVA SHAREHOLDER REMUNERATION SYSTEM CALLED “DIVIDEND OPTION”: INCREASE THE SHARE CAPITAL, CHARGED TO VOLUNTARY RESERVES, ACCORDING TO THE TERMS OF THE RESOLUTION BY ISSUING NEW ORDINARY SHARES EACH WITH A NOMINAL VALUE OF FORTY-NINE EURO CENTS (¤0.49), WITHOUT ISSUE PREMIUM, OF THE SAME CLASS AND SERIES AS THE SHARES CURRENTLY IN CIRCULATION. COMMITMENT TO PURCHASE SHAREHOLDERS’ FREE ALLOCATION RIGHTS AT A ... (DUE TO SPACE LIMITS, SEE PROXY MATERIAL FOR FULL PROPOSAL)	Management	For	For

Salient Global Equity Fund

4.2	APPROVE CAPITAL INCREASES TO BE CHARGED TO RESERVES IN ORDER TO IMPLEMENT THE BBVA SHAREHOLDER REMUNERATION SYSTEM CALLED “DIVIDEND OPTION”: INCREASE THE SHARE CAPITAL, CHARGED TO VOLUNTARY RESERVES, ACCORDING TO THE TERMS OF THE RESOLUTION BY ISSUING NEW ORDINARY SHARES EACH WITH A NOMINAL VALUE OF FORTY-NINE EURO CENTS (¤0.49), WITHOUT ISSUE PREMIUM, OF THE SAME CLASS AND SERIES AS THE SHARES CURRENTLY IN CIRCULATION. COMMITMENT TO PURCHASE SHAREHOLDERS’ FREE ALLOCATION RIGHTS AT A ... (DUE TO SPACE LIMITS, SEE PROXY MATERIAL FOR FULL PROPOSAL)	Management	For	For
4.3	APPROVE CAPITAL INCREASES TO BE CHARGED TO RESERVES IN ORDER TO IMPLEMENT THE BBVA SHAREHOLDER REMUNERATION SYSTEM CALLED “DIVIDEND OPTION”: INCREASE THE SHARE CAPITAL, CHARGED TO VOLUNTARY RESERVES, ACCORDING TO THE TERMS OF THE RESOLUTION BY ISSUING NEW ORDINARY SHARES EACH WITH A NOMINAL VALUE OF FORTY-NINE EURO CENTS (¤0.49), WITHOUT ISSUE PREMIUM, OF THE SAME CLASS AND SERIES AS THE SHARES CURRENTLY IN CIRCULATION. COMMITMENT TO PURCHASE SHAREHOLDERS’ FREE ALLOCATION RIGHTS AT A ... (DUE TO SPACE LIMITS, SEE PROXY MATERIAL FOR FULL PROPOSAL)	Management	For	For
4.4	APPROVE CAPITAL INCREASES TO BE CHARGED TO RESERVES IN ORDER TO IMPLEMENT THE BBVA SHAREHOLDER REMUNERATION SYSTEM CALLED “DIVIDEND OPTION”: INCREASE THE SHARE CAPITAL, CHARGED TO VOLUNTARY RESERVES, ACCORDING TO THE TERMS OF THE RESOLUTION BY ISSUING NEW ORDINARY SHARES EACH WITH A NOMINAL VALUE OF FORTY-NINE EURO CENTS (¤0.49), WITHOUT ISSUE PREMIUM, OF THE SAME CLASS AND SERIES AS THE SHARES CURRENTLY IN CIRCULATION. COMMITMENT TO PURCHASE SHAREHOLDERS’ FREE ALLOCATION RIGHTS AT A ... (DUE TO SPACE LIMITS, SEE PROXY MATERIAL FOR FULL PROPOSAL)	Management	For	For
5.1	APPROVE THE AMENDMENT OF THE FOLLOWING ARTICLES OF THE COMPANY BYLAWS CONCERNING THE GENERAL MEETING TO INCORPORATE IMPROVEMENTS IN THE REGULATION THEREOF IN LIGHT OF NEW DEVELOPMENTS IN LEGISLATION, INCLUDING, IN PARTICULAR, LAW 31/2014 OF 3 DECEMBER, WHICH AMENDS THE	Management	For	For

Salient Global Equity Fund

	CORPORATE ENTERPRISES ACT INSOFAR AS IMPROVING CORPORATE GOVERNANCE: ARTICLE 20. ANNOUNCEMENT; ARTICLE 24. REPRESENTATION TO ATTEND THE MEETING; ARTICLE 29. SHAREHOLDERS’ RIGHT TO INFORMATION; AND ARTICLE 30. POWERS OF THE GENERAL MEETING.
5.2	APPROVE THE CREATION OF A NEW ARTICLE 39 BIS REGARDING THE LEAD DIRECTOR, AND THE AMENDMENT OF THE FOLLOWING ARTICLES IN THE COMPANY BYLAWS, ALL CONCERNING THE OPERATIONS OF THE BOARD OF DIRECTORS AND THE EXECUTIVE COMMITTEE, TO INCORPORATE IMPROVEMENTS IN THE REGULATION THEREOF IN LIGHT OF NEW DEVELOPMENTS IN LEGISLATION, INCLUDING, IN PARTICULAR, LAW 31/2014 OF 3 DECEMBER, WHICH AMENDS THE CORPORATE ENTERPRISES ACT INSOFAR AS IMPROVING CORPORATE GOVERNANCE: ARTICLE 37. ... (DUE TO SPACE LIMITS, SEE PROXY MATERIAL FOR FULL PROPOSAL)	Management	For	For
5.3	APPROVE THE AMENDMENT OF ARTICLE 48 OF THE COMPANY BYLAWS CONCERNING AUDIT COMMITTEE FOR INCORPORATING THE CONTEMPLATION OF COMMITTEES THAT MUST BE ESTABLISHED BY LAW THEREIN IN LIGHT OF NEW DEVELOPMENTS IN LEGISLATION, INCLUDING, IN PARTICULAR, LAW 31/2014 OF 3 DECEMBER, WHICH AMENDS THE CORPORATE ENTERPRISES ACT INSOFAR AS IMPROVING CORPORATE GOVERNANCE.	Management	For	For
6.	APPROVE THE AMENDMENT OF THE FOLLOWING ARTICLES OF THE GENERAL SHAREHOLDERS MEETING REGULATIONS TO INCORPORATE IMPROVEMENTS IN THE REGULATION THEREOF IN LIGHT OF NEW DEVELOPMENTS IN LEGISLATION, INCLUDING, IN PARTICULAR, LAW 31/2014 OF 3 DECEMBER, WHICH AMENDS THE CORPORATE ENTERPRISES ACT INSOFAR AS IMPROVING CORPORATE GOVERNANCE: ARTICLE 3. POWERS OF THE GENERAL MEETING; ARTICLE 4. ANNOUNCEMENT; ARTICLE 5. PUBLICATION OF THE ANNOUNCEMENT; ARTICLE 5 BIS. SUPPLEMENT TO THE ... (DUE TO SPACE LIMITS, SEE PROXY MATERIAL FOR FULL PROPOSAL)	Management	For	For
7.	APPROVAL OF THE REMUNERATION POLICY FOR BOARD MEMBERS OF BBVA, WHICH INCLUDES MAXIMUM NUMBER OF SHARES TO BE DELIVERED THROUGH ITS EXECUTION.	Management	For	For
8.	APPROVAL OF THE EXTENSION OF THE GROUP OF EMPLOYEES TO WHOM THE MAXIMUM LIMIT OF VARIABLE REMUNERATION OF UP TO 200% OF THE FIXED COMPONENT IS APPLICABLE.	Management	For	For

Salient Global Equity Fund

9.	RE-ELECTION OF THE FIRM TO AUDIT THE ACCOUNTS OF BANCO BILBAO VIZCAYA ARGENTARIA, S.A. AND ITS CONSOLIDATED GROUP IN 2015.	Management	For	For
10.	CONFERRAL OF AUTHORITY ON THE BOARD OF DIRECTORS, WHICH MAY IN TURN DELEGATE SUCH AUTHORITY, TO FORMALISE, CORRECT, INTERPRET AND IMPLEMENT THE DECISIONS ADOPTED BY THE GENERAL MEETING.	Management	For	For
11.	CONSULTATIVE VOTE ON THE ANNUAL REPORT ON DIRECTORS’ REMUNERATION OF BBVA.	Management	For	For

Salient Global Equity Fund

BANCO SANTANDER, S.A.
Security	05964H105	Meeting Type	Annual
Ticker Symbol	SAN	Meeting Date	27-Mar-2015
ISIN	US05964H1059	Agenda	934128958 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1A	RESOLUTION 1A	Management	For
1B	RESOLUTION 1B	Management	For
2	RESOLUTION 2	Management	For
3A	RESOLUTION 3A	Management	For
3B	RESOLUTION 3B	Management	For
3C	RESOLUTION 3C	Management	For
3D	RESOLUTION 3D	Management	For
3E	RESOLUTION 3E	Management	For
3F	RESOLUTION 3F	Management	For
3G	RESOLUTION 3G	Management	Against
3H	RESOLUTION 3H	Management	For
4	RESOLUTION 4	Management	For
5A	RESOLUTION 5A	Management	For
5B	RESOLUTION 5B	Management	For
5C	RESOLUTION 5C	Management	For
5D	RESOLUTION 5D	Management	For
6A	RESOLUTION 6A	Management	For
6B	RESOLUTION 6B	Management	For
7	RESOLUTION 7	Management	For
8	RESOLUTION 8	Management	For
9A	RESOLUTION 9A	Management	For
9B	RESOLUTION 9B	Management	For
10A	RESOLUTION 10A	Management	For
10B	RESOLUTION 10B	Management	For
11	RESOLUTION 11	Management	For
12	RESOLUTION 12	Management	For
13	RESOLUTION 13	Management	For
14A	RESOLUTION 14A	Management	For
14B	RESOLUTION 14B	Management	For
14C	RESOLUTION 14C	Management	For
15	RESOLUTION 15	Management	For
16	RESOLUTION 16	Management	For

Salient Global Equity Fund

ANTA SPORTS PRODUCTS LTD
Security	G04011105	Meeting Type	Annual General Meeting
Ticker Symbol		Meeting Date	01-Apr-2015
ISIN	KYG040111059	Agenda	705827915 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
CMMT	PLEASE NOTE THAT SHAREHOLDERS ARE ALLOWED TO VOTE ‘IN FAVOR’ OR ‘AGAINST’ FOR-ALL RESOLUTIONS, ABSTAIN IS NOT A VOTING OPTION ON THIS MEETING	Non-Voting
CMMT	PLEASE NOTE THAT THE COMPANY NOTICE AND PROXY FORM ARE AVAILABLE BY CLICKING-ON THE URL LINKS:- http://www.hkexnews.hk/listedco/listconews/SEH K/2015/0217/LTN20150217224.pdf- http://www.hkexnews.hk/listedco/listconews/SEH K/2015/0217/LTN20150217214.pdf	Non-Voting
1	TO RECEIVE AND CONSIDER THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS OF THE COMPANY AND ITS SUBSIDIARIES AND THE REPORTS OF THE DIRECTORS AND THE AUDITOR OF THE COMPANY FOR THE YEAR ENDED 31 DECEMBER 2014	Management	For	For
2	TO DECLARE A FINAL DIVIDEND OF HK28 CENTS PER ORDINARY SHARE OF THE COMPANY IN RESPECT OF THE YEAR ENDED 31 DECEMBER 2014	Management	For	For
3	TO DECLARE A SPECIAL DIVIDEND OF HK8 CENTS PER ORDINARY SHARE OF THE COMPANY IN RESPECT OF THE YEAR ENDED 31 DECEMBER 2014	Management	For	For
4	TO RE-ELECT MR. DING SHIJIA AS AN EXECUTIVE DIRECTOR OF THE COMPANY	Management	Against	Against
5	TO RE-ELECT MR. LAI SHIXIAN AS AN EXECUTIVE DIRECTOR OF THE COMPANY	Management	Against	Against
6	TO RE-ELECT MR. YEUNG CHI TAT AS AN INDEPENDENT NON-EXECUTIVE DIRECTOR OF THE COMPANY	Management	For	For
7	TO AUTHORISE THE BOARD OF DIRECTORS OF THE COMPANY TO FIX THE REMUNERATION OF THE COMPANY’S DIRECTORS	Management	For	For
8	TO RE-APPOINT KPMG AS THE COMPANY’S AUDITOR AND TO AUTHORISE THE BOARD OF DIRECTORS OF THE COMPANY TO FIX THEIR REMUNERATION	Management	For	For
9	TO GRANT A GENERAL MANDATE TO THE DIRECTORS OF THE COMPANY TO ALLOT, ISSUE AND DEAL WITH THE COMPANY’S SHARES	Management	Against	Against
10	TO GRANT A GENERAL MANDATE TO THE DIRECTORS OF THE COMPANY TO REPURCHASE THE COMPANY’S SHARES	Management	For	For
11	TO EXTEND THE GENERAL MANDATE GRANTED TO THE DIRECTORS OF THE COMPANY UNDER RESOLUTION NO. 9 BY THE NUMBER OF SHARES REPURCHASED UNDER RESOLUTION NO. 10	Management	Against	Against

Salient Global Equity Fund

THE BANK OF NEW YORK MELLON CORPORATION
Security	064058100	Meeting Type	Annual
Ticker Symbol	BK	Meeting Date	14-Apr-2015
ISIN	US0640581007	Agenda	934146590 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1A.	ELECTION OF DIRECTOR: NICHOLAS M. DONOFRIO	Management	For	For
1B.	ELECTION OF DIRECTOR: JOSEPH J. ECHEVARRIA	Management	For	For
1C.	ELECTION OF DIRECTOR: EDWARD P. GARDEN	Management	For	For
1D.	ELECTION OF DIRECTOR: JEFFREY A. GOLDSTEIN	Management	For	For
1E.	ELECTION OF DIRECTOR: GERALD L. HASSELL	Management	For	For
1F.	ELECTION OF DIRECTOR: JOHN M. HINSHAW	Management	For	For
1G.	ELECTION OF DIRECTOR: EDMUND F. KELLY	Management	For	For
1H.	ELECTION OF DIRECTOR: RICHARD J. KOGAN	Management	For	For
1I.	ELECTION OF DIRECTOR: JOHN A. LUKE, JR.	Management	For	For
1J.	ELECTION OF DIRECTOR: MARK A. NORDENBERG	Management	For	For
1K.	ELECTION OF DIRECTOR: CATHERINE A. REIN	Management	For	For
1L.	ELECTION OF DIRECTOR: WILLIAM C. RICHARDSON	Management	For	For
1M.	ELECTION OF DIRECTOR: SAMUEL C. SCOTT III	Management	For	For
1N.	ELECTION OF DIRECTOR: WESLEY W. VON SCHACK	Management	For	For
2.	ADVISORY RESOLUTION TO APPROVE THE 2014 COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS.	Management	For	For
3.	RATIFICATION OF KPMG LLP AS OUR INDEPENDENT AUDITOR FOR 2015.	Management	For	For

Salient Global Equity Fund

BP P.L.C.
Security	055622104	Meeting Type	Annual
Ticker Symbol	BP	Meeting Date	16-Apr-2015
ISIN	US0556221044	Agenda	934134153 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1.	TO RECEIVE THE DIRECTORS’ ANNUAL REPORT AND ACCOUNTS.	Management	For	For
2.	TO RECEIVE AND APPROVE THE DIRECTORS’ REMUNERATION REPORT.	Management	Against	Against
3.	TO RE-ELECT MR R W DUDLEY AS A DIRECTOR.	Management	For	For
4.	TO RE-ELECT DR B GILVARY AS A DIRECTOR.	Management	For	For
5.	TO RE-ELECT MR P M ANDERSON AS A DIRECTOR.	Management	For	For
6.	TO ELECT MR A BOECKMANN AS A DIRECTOR.	Management	For	For
7.	TO RE-ELECT ADMIRAL F L BOWMAN AS A DIRECTOR.	Management	For	For
8.	TO RE-ELECT MR A BURGMANS AS A DIRECTOR.	Management	Against	Against
9.	TO RE-ELECT MRS C B CARROLL AS A DIRECTOR.	Management	For	For
10.	TO RE-ELECT MR I E L DAVIS AS A DIRECTOR.	Management	For	For
11.	TO RE-ELECT PROFESSOR DAME ANN DOWLING AS A DIRECTOR.	Management	For	For
12.	TO RE-ELECT MR B R NELSON AS A DIRECTOR.	Management	For	For
13.	TO RE-ELECT MR F P NHLEKO AS A DIRECTOR.	Management	For	For
14.	TO RE-ELECT MR A B SHILSTON AS A DIRECTOR.	Management	For	For
15.	TO RE-ELECT MR C-H SVANBERG AS A DIRECTOR.	Management	For	For
16.	TO RE-APPOINT ERNST & YOUNG LLP AS AUDITORS AND TO AUTHORIZE THE DIRECTORS TO FIX THEIR REMUNERATION.	Management	For	For
17.	TO AUTHORIZE THE RENEWAL OF THE SCRIP DIVIDEND PROGRAMME.	Management	For	For
18.	TO APPROVE THE BP SHARE AWARD PLAN 2015 FOR EMPLOYEES BELOW THE BOARD.	Management	For	For
19.	TO GIVE LIMITED AUTHORITY TO MAKE POLITICAL DONATIONS AND INCUR POLITICAL EXPENDITURE.	Management	For	For
20.	TO GIVE LIMITED AUTHORITY TO ALLOT SHARES UP TO A SPECIFIED AMOUNT.	Management	For	For
21.	SPECIAL RESOLUTION: TO GIVE AUTHORITY TO ALLOT A LIMITED NUMBER OF SHARES FOR CASH FREE OF PRE-EMPTION RIGHTS.	Management	For	For
22.	SPECIAL RESOLUTION: TO GIVE LIMITED AUTHORITY FOR THE PURCHASE OF ITS OWN SHARES BY THE COMPANY.	Management	For	For
23.	SPECIAL RESOLUTION: TO ADOPT NEW ARTICLES OF ASSOCIATION.	Management	For	For

Salient Global Equity Fund

24.	SPECIAL RESOLUTION: TO AUTHORIZE THE CALLING OF GENERAL MEETINGS (EXCLUDING ANNUAL GENERAL MEETINGS) BY NOTICE OF AT LEAST 14 CLEAR DAYS.	Management	Against	Against
25.	SPECIAL RESOLUTION: TO DIRECT THE COMPANY TO PROVIDE FURTHER INFORMATION ON THE LOW CARBON TRANSITION.	Management	For	For

Salient Global Equity Fund

VIVENDI SA, PARIS
Security	F97982106	Meeting Type	MIX
Ticker Symbol		Meeting Date	17-Apr-2015
ISIN	FR0000127771	Agenda	705935887 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
CMMT	31 MAR 2015: PLEASE NOTE THAT IMPORTANT ADDITIONAL MEETING INFORMATION IS AVAI-LABLE BY CLICKING ON THE MATERIAL URL LINK: http://www.journal-officiel.gouv.f- r/pdf/2015/0327/201503271500796.pdf. THIS IS A REVISION DUE TO MODIFICATION OF-THE COMMENT. IF YOU HAVE ALREADY SENT IN YOUR VOTES FOR MID: 449173, PLEASE D-O NOT VOTE AGAIN UNLESS YOU DECIDE TO AMEND YOUR ORIGINAL INSTRUCTIONS. THANK-YOU.	Non-Voting
CMMT	30 MAR 2015: THE FOLLOWING APPLIES TO SHAREHOLDERS THAT DO NOT HOLD SHARES DIR-ECTLY WITH A FRENCH CUSTODIAN: PROXY CARDS: VOTING INSTRUCTIONS WILL BE FORWAR-DED TO THE GLOBAL CUSTODIANS ON THE VOTE DEADLINE DATE. IN CAPACITY AS REGISTE-RED INTERMEDIARY, THE GLOBAL CUSTODIANS WILL SIGN THE PROXY CARDS AND FORWARD-THEM TO THE LOCAL CUSTODIAN. IF YOU REQUEST MORE INFORMATION, PLEASE CONTACT Y-OUR CLIENT REPRESENTATIVE.	Non-Voting
CMMT	PLEASE NOTE IN THE FRENCH MARKET THAT THE ONLY VALID VOTE OPTIONS ARE “FOR” AN-D “AGAINST” A VOTE OF “ABSTAIN” WILL BE TREATED AS AN “AGAINST” VOTE.	Non-Voting
O.1	APPROVAL OF THE REPORTS AND ANNUAL FINANCIAL STATEMENTS FOR THE 2014 FINANCIAL YEAR	Management	Against	Against
O.2	APPROVAL OF THE REPORTS AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE 2014 FINANCIAL YEAR	Management	For	For
O.3	APPROVAL OF THE SPECIAL REPORT OF THE STATUTORY AUDITORS ON THE REGULATED AGREEMENTS AND COMMITMENTS	Management	For	For
O.4	ALLOCATION OF INCOME FOR THE 2014 FINANCIAL YEAR - SETTING AND PAYMENT OF THE DIVIDEND	Management	For	For
O.5	APPROVAL OF THE SPECIAL REPORT OF THE STATUTORY AUDITORS PREPARED PURSUANT TO ARTICLE L.225-88 OF THE COMMERCIAL CODE REGARDING THE CONDITIONAL COMMITMENT IN FAVOR OF MR. ARNAUD DE PUYFONTAINE, CHAIRMAN OF THE EXECUTIVE BOARD	Management	For	For
O.6	ADVISORY REVIEW OF THE COMPENSATION OWED OR PAID FOR THE 2014 FINANCIAL YEAR TO MR. ARNAUD DE PUYFONTAINE, CHAIRMAN OF THE EXECUTIVE BOARD FROM JUNE 24, 2014	Management	For	For

Salient Global Equity Fund

O.7	ADVISORY REVIEW OF THE COMPENSATION OWED OR PAID FOR THE 2014 FINANCIAL YEAR TO MR. HERVE PHILIPPE, MEMBER OF THE EXECUTIVE BOARD FROM JUNE 24, 2014	Management	For	For
O.8	ADVISORY REVIEW OF THE COMPENSATION OWED OR PAID FOR THE 2014 FINANCIAL YEAR TO MR. STEPHANE ROUSSEL, MEMBER OF THE EXECUTIVE BOARD FROM JUNE 24, 2014	Management	For	For
O.9	ADVISORY REVIEW OF THE COMPENSATION OWED OR PAID FOR THE 2014 FINANCIAL YEAR TO MR. JEAN-FRANCOIS DUBOS, CHAIRMAN OF THE EXECUTIVE BOARD UNTIL JUNE 24, 2014	Management	For	For
O.10	ADVISORY REVIEW OF THE COMPENSATION OWED OR PAID FOR THE 2014 FINANCIAL YEAR TO MR. JEAN-YVES CHARLIER, MEMBER OF THE EXECUTIVE BOARD UNTIL JUNE 24, 2014	Management	For	For
O.11	APPOINTMENT OF MR. TARAK BEN AMMAR AS SUPERVISORY BOARD MEMBER	Management	For	For
O.12	APPOINTMENT OF MR. DOMINIQUE DELPORT AS SUPERVISORY BOARD MEMBER	Management	For	For
O.13	AUTHORIZATION TO BE GRANTED TO THE EXECUTIVE BOARD TO ALLOW THE COMPANY TO PURCHASE ITS OWN SHARES	Management	Against	Against
E.14	AUTHORIZATION TO BE GRANTED TO THE EXECUTIVE BOARD TO REDUCE SHARE CAPITAL BY CANCELLATION OF SHARES	Management	For	For
E.15	DELEGATION GRANTED TO THE EXECUTIVE BOARD TO INCREASE CAPITAL BY ISSUING COMMON SHARES OR ANY SECURITIES GIVING ACCESS TO CAPITAL WITH SHAREHOLDERS’ PREFERENTIAL SUBSCRIPTION RIGHTS	Management	Against	Against
E.16	DELEGATION GRANTED TO THE EXECUTIVE BOARD TO INCREASE CAPITAL, UP TO 10% OF CAPITAL AND IN ACCORDANCE WITH THE LIMITATION SET PURSUANT TO THE FIFTEENTH RESOLUTION, IN CONSIDERATION FOR IN-KIND CONTRIBUTIONS COMPRISED OF EQUITY SECURITIES OR SECURITIES GIVING ACCESS TO THE CAPITAL OF OTHER COMPANIES OUTSIDE OF A PUBLIC EXCHANGE OFFER	Management	Against	Against
E.17	DELEGATION GRANTED TO THE EXECUTIVE BOARD TO DECIDE TO INCREASE SHARE CAPITAL IN FAVOR OF EMPLOYEES AND RETIRED FORMER EMPLOYEES PARTICIPATING IN A COMPANY SAVINGS PLAN, WITHOUT SHAREHOLDERS PREFERENTIAL SUBSCRIPTION RIGHTS	Management	For	For
E.18	DELEGATION GRANTED TO THE EXECUTIVE BOARD TO DECIDE TO INCREASE SHARE CAPITAL IN FAVOR OF EMPLOYEES OF VIVENDI FOREIGN SUBSIDIARIES PARTICIPATING IN THE GROUP SAVINGS PLAN AND TO SET UP ANY EQUIVALENT MECHANISM, WITHOUT SHAREHOLDERS PREFERENTIAL SUBSCRIPTION RIGHTS	Management	For	For

Salient Global Equity Fund

E.19	DELEGATION GRANTED TO THE EXECUTIVE BOARD TO INCREASE CAPITAL BY INCORPORATION OF RESERVES, PROFITS, PREMIUMS OR OTHER AMOUNTS	Management	Against	Against
E.20	POWERS TO CARRY OUT ALL LEGAL FORMALITIES	Management	For	For
A	PLEASE NOTE THAT THIS RESOLUTION IS A SHAREHOLDER PROPOSAL: AMENDMENT TO ARTICLE 17.3 OF THE BYLAWS IN ORDER TO NOT CONFER DOUBLE VOTING RIGHTS TO SHARES WHICH HAVE BEEN REGISTERED FOR TWO YEARS UNDER THE NAME OF THE SAME SHAREHOLDER (PROPOSED BY PHITRUST (FRANCE) SUPPORTED BY THE RAILWAYS PENSION TRUSTEE COMPANY LTD (UK), PGGM INVESTMENTS (NETHERLANDS), AMUNDI GROUP ON BEHALF OF AMUNDI AM AND CPR AM (FRANCE), CALPERS (US), EDMOND DE ROTHSCHILD ASSET MANAGEMENT (FRANCE), OFI ASSET MANAGEMENT, OFI GESTION PRIVEE, AVIVA INVESTORS, DNCA FINANCE AND PROXINVEST.)	Shareholder	For	Against
B	PLEASE NOTE THAT THIS RESOLUTION IS A SHAREHOLDER PROPOSAL: AMENDMENT TO THE 4TH RESOLUTION TO CHANGE THE ALLOCATION OF INCOME SO THAT THE DIVIDEND FOR THE 2014 FINANCIAL YEAR IS SET AT 2,857,546 032.35 EUROS (PROPOSED BY P. SCHOENFELD ASSET MANAGEMENT LP, ACTING AS MANAGEMENT COMPANY REGISTERED IN THE NAME AND ON BEHALF OF PSAM WORLDARB MASTER FUND LTD AND FUNDLOGIC ALTERNATIVES PLC-MS PSAM GLOBAL EVENTS UCITS FUND (USA.)	Shareholder	Against	For
C	PLEASE NOTE THAT THIS RESOLUTION IS A SHAREHOLDER PROPOSAL: EXCEPTIONAL DISTRIBUTION OF 6,142,453 967.65 EUROS BY WITHDRAWING AN AMOUNT FROM THE ACCOUNT “SHARE, MERGER AND CONTRIBUTION PREMIUMS”, AND SETTING THE DATE OF PAYMENT OF THIS EXCEPTIONAL DISTRIBUTION (PROPOSED BY P. SCHOENFELD ASSET MANAGEMENT LP, ACTING AS MANAGEMENT COMPANY REGISTERED IN THE NAME AND ON BEHALF OF PSAM WORLDARB MASTER FUND LTD AND FUNDLOGIC ALTERNATIVES PLC-MS PSAM GLOBAL EVENTS UCITS FUND (USA.))	Shareholder	Against	For
CMMT	PLEASE NOTE THAT THIS IS AN AMENDMENT TO MEETING ID 436810 DUE TO RECEIPT OF A-DDITIONAL RESOLUTIONS. ALL VOTES RECEIVED ON THE PREVIOUS MEETING WILL BE DISR-EGARDED AND YOU WILL NEED TO REINSTRUCT ON THIS MEETING NOTICE. THANK YOU.	Non-Voting

Salient Global Equity Fund

BOUYGUES, PARIS
Security	F11487125	Meeting Type	MIX
Ticker Symbol		Meeting Date	23-Apr-2015
ISIN	FR0000120503	Agenda	705976794 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
CMMT	PLEASE NOTE THAT THIS IS AN AMENDMENT TO MEETING ID 435623 DUE TO DELETION OF-RESOLUTION. ALL VOTES RECEIVED ON THE PREVIOUS MEETING WILL BE DISREGARDED AND-YOU WILL NEED TO REINSTRUCT ON THIS MEETING NOTICE. THANK YOU.	Non-Voting
CMMT	PLEASE NOTE THAT IMPORTANT ADDITIONAL MEETING INFORMATION IS AVAILABLE BY CLIC-KING ON THE MATERIAL URL LINK: https://balo.journal-officiel.gouv.fr/pdf/2015/-0403/201504031500917.pdf	Non-Voting
CMMT	THE FOLLOWING APPLIES TO SHAREHOLDERS THAT DO NOT HOLD SHARES DIRECTLY WITH A-FRENCH CUSTODIAN: PROXY CARDS: VOTING INSTRUCTIONS WILL BE FORWARDED TO THE GL-OBAL CUSTODIANS ON THE VOTE DEADLINE DATE. IN CAPACITY AS REGISTERED INTERMEDI-ARY, THE GLOBAL CUSTODIANS WILL SIGN THE PROXY CARDS AND FORWARD THEM TO THE L-OCAL CUSTODIAN. IF YOU REQUEST MORE INFORMATION, PLEASE CONTACT YOUR CLIENT RE-PRESENTATIVE.	Non-Voting
CMMT	PLEASE NOTE IN THE FRENCH MARKET THAT THE ONLY VALID VOTE OPTIONS ARE “FOR” AN-D “AGAINST” A VOTE OF “ABSTAIN” WILL BE TREATED AS AN “AGAINST” VOTE.	Non-Voting
O.1	APPROVAL OF THE CORPORATE FINANCIAL STATEMENTS AND TRANSACTIONS FOR THE FINANCIAL YEAR ENDED ON DECEMBER 31, 2014	Management	For	For
O.2	APPROVAL OF THE CONSOLIDATED FINANCIAL STATEMENTS AND TRANSACTIONS FOR THE FINANCIAL YEAR ENDED ON DECEMBER 31, 2014	Management	For	For
O.3	ALLOCATION OF INCOME FOR THE 2014 FINANCIAL YEAR; SETTING THE DIVIDEND	Management	For	For
O.4	APPROVAL OF THE REGULATED AGREEMENTS AND COMMITMENTS PURSUANT TO ARTICLES L.225-38 ET SEQ. OF THE COMMERCIAL CODE	Management	Against	Against
O.5	RENEWAL OF TERM OF MR. FRANCOIS BERTIERE AS DIRECTOR	Management	For	For
O.6	RENEWAL OF TERM OF MR. MARTIN BOUYGUES AS DIRECTOR	Management	For	For
O.7	RENEWAL OF TERM OF MRS. ANNE-MARIE IDRAC AS DIRECTOR	Management	For	For
O.8	RENEWAL OF TERM OF THE COMPANY ERNST & YOUNG AUDIT AS PRINCIPAL STATUTORY AUDITOR	Management	For	For

Salient Global Equity Fund

O.9	RENEWAL OF TERM OF THE COMPANY AUDITEX AS DEPUTY STATUTORY AUDITOR	Management	For	For
O.10	ADVISORY REVIEW OF THE COMPENSATION OWED OR PAID TO MR. MARTIN BOUYGUES, PRESIDENT AND CEO FOR THE 2014 FINANCIAL YEAR	Management	For	For
O.11	ADVISORY REVIEW OF THE COMPENSATION OWED OR PAID TO MR. OLIVIER BOUYGUES, MANAGING DIRECTOR FOR THE 2014 FINANCIAL YEAR	Management	For	For
O.12	AUTHORIZATION GRANTED TO THE BOARD OF DIRECTORS TO ALLOW THE COMPANY TO TRADE IN ITS OWN SHARES	Management	Against	Against
E.13	AUTHORIZATION GRANTED TO THE BOARD OF DIRECTORS TO REDUCE SHARE CAPITAL BY CANCELLATION OF TREASURY SHARES OF THE COMPANY	Management	For	For
E.14	DELEGATION OF AUTHORITY TO THE BOARD OF DIRECTORS TO INCREASE SHARE CAPITAL VIA PUBLIC OFFERING WHILE MAINTAINING SHAREHOLDERS’ PREFERENTIAL SUBSCRIPTION RIGHTS BY ISSUING SHARES AND ANY SECURITIES ENTITLING IMMEDIATELY OR IN THE FUTURE TO SHARES OF THE COMPANY OR ANY OF ITS SUBSIDIARIES	Management	Against	Against
E.15	DELEGATION OF AUTHORITY TO THE BOARD OF DIRECTORS TO DECIDE TO INCREASE SHARE CAPITAL BY INCORPORATION OF RESERVES, PROFITS, PREMIUMS OR OTHER AMOUNTS	Management	Against	Against
E.16	DELEGATION OF AUTHORITY TO THE BOARD OF DIRECTORS TO INCREASE SHARE CAPITAL VIA PUBLIC OFFERING WITH CANCELLATION OF SHAREHOLDERS’ PREFERENTIAL SUBSCRIPTION RIGHTS BY ISSUING SHARES AND ANY SECURITIES ENTITLING IMMEDIATELY OR IN THE FUTURE TO SHARES OF THE COMPANY OR ANY OF ITS SUBSIDIARIES	Management	Against	Against
E.17	DELEGATION OF AUTHORITY TO THE BOARD OF DIRECTORS TO INCREASE SHARE CAPITAL VIA PRIVATE PLACEMENT PURSUANT TO ARTICLE L.411-2, II OF THE MONETARY AND FINANCIAL CODE WITH CANCELLATION OF SHAREHOLDERS’ PREFERENTIAL SUBSCRIPTION RIGHTS BY ISSUING SHARES AND ANY SECURITIES ENTITLING IMMEDIATELY OR IN THE FUTURE TO SHARES OF THE COMPANY OR ANY OF ITS SUBSIDIARIES	Management	Against	Against
E.18	AUTHORIZATION GRANTED TO THE BOARD OF DIRECTORS TO SET THE ISSUE PRICE OF EQUITY SECURITIES TO BE ISSUED IMMEDIATELY OR IN THE FUTURE ACCORDING TO TERMS ESTABLISHED BY THE GENERAL MEETING, WITH CANCELLATION OF SHAREHOLDERS’ PREFERENTIAL SUBSCRIPTION RIGHTS VIA PUBLIC OFFERING OR PRIVATE PLACEMENT PURSUANT TO ARTICLE L.411-2, II OF THE MONETARY AND FINANCIAL CODE	Management	Against	Against

Salient Global Equity Fund

E.19	DELEGATION OF AUTHORITY GRANTED TO THE BOARD OF DIRECTORS TO INCREASE THE NUMBER OF SECURITIES TO BE ISSUED IN CASE OF CAPITAL INCREASE WITH OR WITHOUT SHAREHOLDERS’ PREFERENTIAL SUBSCRIPTION RIGHTS	Management	Against	Against
E.20	DELEGATION OF POWERS TO THE BOARD OF DIRECTORS TO INCREASE SHARE CAPITAL WITH CANCELLATION OF SHAREHOLDERS’ PREFERENTIAL SUBSCRIPTION RIGHTS, IN CONSIDERATION FOR IN-KIND CONTRIBUTIONS GRANTED TO THE COMPANY AND COMPRISED OF EQUITY SECURITIES OR SECURITIES GIVING ACCESS TO CAPITAL OF ANOTHER COMPANY OUTSIDE A PUBLIC EXCHANGE OFFER	Management	Against	Against
E.21	DELEGATION OF AUTHORITY TO THE BOARD OF DIRECTORS TO INCREASE SHARE CAPITAL WITH CANCELLATION OF SHAREHOLDERS’ PREFERENTIAL SUBSCRIPTION RIGHTS, IN CONSIDERATION FOR TRANSFERS OF SECURITIES IN CASE OF PUBLIC EXCHANGE OFFER INITIATED BY THE COMPANY	Management	Against	Against
E.22	DELEGATION OF AUTHORITY TO THE BOARD OF DIRECTORS TO ISSUE SHARES WITH CANCELLATION OF SHAREHOLDERS’ PREFERENTIAL SUBSCRIPTION RIGHTS, AS A RESULT OF THE ISSUANCE BY A SUBSIDIARY OF SECURITIES ENTITLING TO SHARES OF THE COMPANY	Management	Against	Against
E.23	DELEGATION OF AUTHORITY TO THE BOARD OF DIRECTORS TO INCREASE SHARE CAPITAL WITH CANCELLATION OF SHAREHOLDERS’ PREFERENTIAL SUBSCRIPTION RIGHTS IN FAVOR OF EMPLOYEES OR CORPORATE OFFICERS OF THE COMPANY OR AFFILIATED COMPANIES WHO ARE MEMBERS OF A COMPANY SAVINGS PLAN	Management	Against	Against
E.24	AUTHORIZATION GRANTED TO THE BOARD OF DIRECTORS TO GRANT SHARE SUBSCRIPTION OR PURCHASE OPTIONS TO EMPLOYEES OR CORPORATE OFFICERS OF THE COMPANY OR AFFILIATED COMPANIES	Management	For	For
E.25	DELEGATION OF AUTHORITY TO THE BOARD OF DIRECTORS TO ISSUE SHARE SUBSCRIPTION WARRANTS DURING PUBLIC OFFERING INVOLVING THE COMPANY	Management	Against	Against
E.26	POWERS TO CARRY OUT ALL LEGAL FORMALITIES	Management	For	For

Salient Global Equity Fund

KERING, PARIS
Security	F5433L103	Meeting Type	MIX
Ticker Symbol		Meeting Date	23-Apr-2015
ISIN	FR0000121485	Agenda	705901064 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
CMMT	PLEASE NOTE IN THE FRENCH MARKET THAT THE ONLY VALID VOTE OPTIONS ARE “FOR”-AND “AGAINST” A VOTE OF “ABSTAIN” WILL BE TREATED AS AN “AGAINST” VOTE.	Non-Voting
CMMT	THE FOLLOWING APPLIES TO SHAREHOLDERS THAT DO NOT HOLD SHARES DIRECTLY WITH A-FRENCH CUSTODIAN: PROXY CARDS: VOTING INSTRUCTIONS WILL BE FORWARDED TO THE-GLOBAL CUSTODIANS ON THE VOTE DEADLINE DATE. IN CAPACITY AS REGISTERED-INTERMEDIARY, THE GLOBAL CUSTODIANS WILL SIGN THE PROXY CARDS AND FORWARD-THEM TO THE LOCAL CUSTODIAN. IF YOU REQUEST MORE INFORMATION, PLEASE CONTACT-YOUR CLIENT REPRESENTATIVE.	Non-Voting
O.1	APPROVAL OF THE CORPORATE FINANCIAL STATEMENTS FOR THE 2014 FINANCIAL YEAR	Management	For	For
O.2	APPROVAL OF THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE 2014 FINANCIAL YEAR	Management	For	For
O.3	ALLOCATION OF INCOME AND DIVIDEND DISTRIBUTION	Management	For	For
O.4	ADVISORY REVIEW OF THE COMPENSATION OWED OR PAID TO MR. FRANCOIS-HENRI PINAULT, PRESIDENT AND CEO FOR THE 2014 FINANCIAL YEAR	Management	For	For
O.5	ADVISORY REVIEW OF THE COMPENSATION OWED OR PAID TO MR. JEAN-FRANCOIS PALUS, MANAGING DIRECTOR FOR THE 2014 FINANCIAL YEAR	Management	Against	Against
O.6	AUTHORIZATION TO TRADE IN COMPANY’S SHARES	Management	For	For
E.7	AUTHORIZATION TO REDUCE SHARE CAPITAL BY CANCELLATION OF SHARES	Management	For	For
E.8	DELEGATION OF AUTHORITY TO BE GRANTED FOR A 26-MONTH PERIOD TO CARRY OUT ISSUANCES OF SHARES, SECURITIES OR EQUITY SECURITIES WITH PREFERENTIAL SUBSCRIPTION RIGHTS	Management	For	For
E.9	DELEGATION OF AUTHORITY TO BE GRANTED FOR A 26-MONTH PERIOD TO INCREASE SHARE CAPITAL BY INCORPORATION OF RESERVES, PROFITS OR SHARE PREMIUMS	Management	For	For
E.10	DELEGATION OF AUTHORITY TO BE GRANTED FOR A 26-MONTH PERIOD TO CARRY OUT ISSUANCES OF SHARES, SECURITIES OR EQUITY SECURITIES VIA PUBLIC OFFERING, WITH CANCELLATION OF PREFERENTIAL SUBSCRIPTION RIGHTS	Management	For	For

Salient Global Equity Fund

E.11	DELEGATION OF AUTHORITY TO BE GRANTED FOR A 26-MONTH PERIOD TO CARRY OUT ISSUANCES OF SHARES, SECURITIES OR EQUITY SECURITIES VIA PRIVATE PLACEMENT, WITH CANCELLATION OF PREFERENTIAL SUBSCRIPTION RIGHTS	Management	For	For
E.12	AUTHORIZATION TO SET THE ISSUE PRICE OF SHARES AND/OR SECURITIES GIVING ACCESS TO CAPITAL UNDER CERTAIN TERMS UP TO 5% OF CAPITAL PER YEAR, IN CASE OF SHARE CAPITAL INCREASE BY ISSUING SHARES, WITHOUT PREFERENTIAL SUBSCRIPTION RIGHTS	Management	For	For
E.13	AUTHORIZATION TO INCREASE THE NUMBER OF SHARES OR SECURITIES TO ISSUE IN CASE OF A CAPITAL INCREASE WITH OR WITHOUT PREFERENTIAL SUBSCRIPTION RIGHTS	Management	For	For
E.14	AUTHORIZATION TO INCREASE SHARE CAPITAL IN CONSIDERATION FOR IN-KIND CONTRIBUTION COMPRISED OF EQUITY SECURITIES OR SECURITIES GIVING ACCESS TO CAPITAL	Management	For	For
E.15	AUTHORIZATION TO INCREASE SHARE CAPITAL BY ISSUING SHARES OR OTHER SECURITIES GIVING ACCESS TO CAPITAL RESERVED FOR EMPLOYEES OR FORMER EMPLOYEES PARTICIPATING IN A SAVINGS PLAN WITHOUT PREFERENTIAL SUBSCRIPTION RIGHTS	Management	Against	Against
O.E16	POWERS TO CARRY OUT ALL LEGAL FORMALITIES	Management	For	For
CMMT	03 APR 2015: PLEASE NOTE THAT IMPORTANT ADDITIONAL MEETING INFORMATION IS AVAI-LABLE BY CLICKING ON THE MATERIAL URL LINK: https://balo.journal-officiel.gouv-.fr/pdf/2015/0318/201503181500626.pdf. THIS IS A REVISION DUE TO RECEIPT OF AD-DITIONAL URL LINK: https://balo.journal-officiel.gouv.fr/pdf/2015/0403/2015040-31500925.pdf. IF YOU HAVE ALREADY SENT IN YOUR VOTES, PLEASE DO NOT VOTE AGAIN-UNLESS YOU DECIDE TO AMEND YOUR ORIGINAL INSTRUCTIONS. THANK YOU.	Non-Voting

Salient Global Equity Fund

MUENCHENER RUECKVERSICHERUNGS-GESELLSCHAFT AKTIENG
Security	D55535104	Meeting Type	Annual General Meeting
Ticker Symbol		Meeting Date	23-Apr-2015
ISIN	DE0008430026	Agenda	705891720 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
	PLEASE NOTE THAT BY JUDGEMENT OF OLG COLOGNE RENDERED ON JUNE 6, 2012, ANY SHA-REHOLDER WHO HOLDS AN AGGREGATE TOTAL OF 3 PERCENT OR MORE OF THE OUTSTANDING-SHARE CAPITAL MUST REGISTER UNDER THEIR BENEFICIAL OWNER DETAILS BEFORE THE AP-PROPRIATE DEADLINE TO BE ABLE TO VOTE. FAILURE TO COMPLY WITH THE DECLARATION-REQUIREMENTS AS STIPULATED IN SECTION 21 OF THE SECURITIES TRADE ACT (WPHG) MA-Y PREVENT THE SHAREHOLDER FROM VOTING AT THE GENERAL MEETINGS. THEREFORE, YOUR-CUSTODIAN MAY REQUEST THAT WE REGISTER BENEFICIAL OWNER DATA FOR ALL VOTED AC-COUNTS WITH THE RESPECTIVE SUB CUSTODIAN. IF YOU REQUIRE FURTHER INFORMATION W-HETHER OR NOT SUCH BO REGISTRATION WILL BE CONDUCTED FOR YOUR CUSTODIANS ACCOU-NTS, PLEASE CONTACT YOUR CSR.	Non-Voting
	THE SUB CUSTODIANS HAVE ADVISED THAT VOTED SHARES ARE NOT BLOCKED FOR TRADING-PURPOSES I.E. THEY ARE ONLY UNAVAILABLE FOR SETTLEMENT. REGISTERED SHARES WILL-BE DEREGISTERED AT THE DEREGISTRATION DATE BY THE SUB CUSTODIANS. IN ORDER TO-DELIVER/SETTLE A VOTED POSITION BEFORE THE DEREGISTRATION DATE A VOTING INSTR-UCTION CANCELLATION AND DE-REGISTRATION REQUEST NEEDS TO BE SENT TO YOUR CSR O-R CUSTODIAN. PLEASE CONTACT YOUR CSR FOR FURTHER INFORMATION.	Non-Voting
	THE VOTE/REGISTRATION DEADLINE AS DISPLAYED ON PROXYEDGE IS SUBJECT TO CHANGE-AND WILL BE UPDATED AS SOON AS BROADRIDGE RECEIVES CONFIRMATION FROM THE SUB C-USTODIANS REGARDING THEIR INSTRUCTION DEADLINE. FOR ANY QUERIES PLEASE CONTACT-YOUR CLIENT SERVICES REPRESENTATIVE.	Non-Voting

Salient Global Equity Fund

	COUNTER PROPOSALS MAY BE SUBMITTED UNTIL 08.04.2015. FURTHER INFORMATION ON CO-UNTER PROPOSALS CAN BE FOUND DIRECTLY ON THE ISSUER’S WEBSITE (PLEASE REFER TO-THE MATERIAL URL SECTION OF THE APPLICATION). IF YOU WISH TO ACT ON THESE ITE-MS, YOU WILL NEED TO REQUEST A MEETING ATTEND AND VOTE YOUR SHARES DIRECTLY AT-THE COMPANY’S MEETING. COUNTER PROPOSALS CANNOT BE REFLECTED IN THE BALLOT ON-PROXYEDGE	Non-Voting
	ACCORDING TO GERMAN LAW, IN CASE OF SPECIFIC CONFLICTS OF INTEREST IN CONNECTI-ON WITH SPECIFIC ITEMS OF THE AGENDA FOR THE GENERAL MEETING YOU ARE NOT ENTIT-LED TO EXERCISE YOUR VOTING RIGHTS. FURTHER, YOUR VOTING RIGHT MIGHT BE EXCLUD-ED WHEN YOUR SHARE IN VOTING RIGHTS HAS REACHED CERTAIN THRESHOLDS AND YOU HAV-E NOT COMPLIED WITH ANY OF YOUR MANDATORY VOTING RIGHTS NOTIFICATIONS PURSUANT-TO THE GERMAN SECURITIES TRADING ACT (WHPG). FOR QUESTIONS IN THIS REGARD PLE-ASE CONTACT YOUR CLIENT SERVICE REPRESENTATIVE FOR CLARIFICATION. IF YOU DO NO-T HAVE ANY INDICATION REGARDING SUCH CONFLICT OF INTEREST, OR ANOTHER EXCLUSIO-N FROM VOTING, PLEASE SUBMIT YOUR VOTE AS USUAL. THANK YOU.	Non-Voting
1.	A) SUBMISSION OF THE REPORT OF THE SUPERVISORY BOARD, THE CORPORATE GOVERNANCE-REPORT AND THE REMUNERATION REPORT FOR THE FINANCIAL YEAR 2014 B) SUBMISSION-OF THE ADOPTED COMPANY FINANCIAL STATEMENTS AND MANAGEMENT REPORT FOR THE FINA-NCIAL YEAR 2014, THE APPROVED CONSOLIDATED FINANCIAL STATEMENTS AND MANAGEMENT-REPORT FOR THE GROUP FOR THE FINANCIAL YEAR 2014, AND THE EXPLANATORY REPORT-ON THE INFORMATION PURSUANT TO SECTION 289 (4) AND SECTION 315 (4) OF THE GERM-AN COMMERCIAL CODE (HGB)	Non-Voting
2.	RESOLUTION ON THE APPROPRIATION OF THE NET RETAINED PROFITS FROM THE FINANCIAL YEAR 2014: PAYMENT OF A DIVIDEND OF EUR 7.75	Management	For	For
3.	RESOLUTION TO APPROVE THE ACTIONS OF THE BOARD OF MANAGEMENT	Management	For	For
4.	RESOLUTION TO APPROVE THE ACTIONS OF THE SUPERVISORY BOARD	Management	For	For
5.	RESOLUTION TO APPROVE THE REMUNERATION SYSTEM FOR THE BOARD OF MANAGEMENT	Management	For	For
6.	RESOLUTION TO AUTHORISE THE BUY-BACK AND UTILISATION OF OWN SHARES AS WELL AS THE OPTION TO EXCLUDE SUBSCRIPTION AND TENDER RIGHTS	Management	For	For

Salient Global Equity Fund

7.	RESOLUTION TO AUTHORISE THE BUY-BACK OF OWN SHARES USING DERIVATIVES, AS WELL AS THE OPTION TO EXCLUDE SUBSCRIPTION AND TENDER RIGHTS	Management	For	For
8.	RESOLUTION TO AUTHORISE THE ISSUE OF CONVERTIBLE BONDS, BONDS WITH WARRANTS, PROFIT PARTICIPATION RIGHTS OR PROFIT PARTICIPATION CERTIFICATES (OR COMBINATIONS OF SUCH INSTRUMENTS) WITH THE OPTION OF EXCLUDING SUBSCRIPTION RIGHTS; TO CANCEL CONTINGENT CAPITAL INCREASE 2010; TO CREATE A NEW CONTINGENT CAPITAL INCREASE (CONTINGENT CAPITAL INCREASE 2015); AND TO MAKE THE RELEVANT AMENDMENT TO THE ARTICLES OF ASSOCIATION: ARTICLE 4 (3)	Management	For	For
9	RESOLUTION TO CANCEL THE EXISTING AUTHORISATION FOR INCREASING THE SHARE CAPITAL UNDER “AUTHORISED CAPITAL INCREASE 2011”, TO REPLACE THIS WITH A NEW AUTHORISATION “AUTHORISED CAPITAL INCREASE 2015” FOR THE ISSUE OF EMPLOYEE SHARES, AND TO MAKE THE RELEVANT AMENDMENTS TO THE ARTICLES OF ASSOCIATION: ARTICLE 4 (2)	Management	For	For
10.	RESOLUTION TO AMEND ARTICLE 17 SENTENCE 2 OF THE ARTICLES OF ASSOCIATION (REPRESENTATION OF THE COMPANY)	Management	For	For

Salient Global Equity Fund

ABBOTT LABORATORIES
Security	002824100	Meeting Type	Annual
Ticker Symbol	ABT	Meeting Date	24-Apr-2015
ISIN	US0028241000	Agenda	934135977 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1.	DIRECTOR	Management
	1       R.J. ALPERN		For	For
	2       R.S. AUSTIN		For	For
	3       S.E. BLOUNT		For	For
	4       W.J. FARRELL		For	For
	5       E.M. LIDDY		For	For
	6       N. MCKINSTRY		For	For
	7       P.N. NOVAKOVIC		For	For
	8       W.A. OSBORN		For	For
	9       S.C. SCOTT III		For	For
	10     G.F. TILTON		For	For
	11     M.D. WHITE		For	For
2.	RATIFICATION OF ERNST & YOUNG LLP AS AUDITORS	Management	For	For
3.	SAY ON PAY - AN ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION	Management	For	For
4.	SHAREHOLDER PROPOSAL - GENETICALLY MODIFIED INGREDIENTS	Shareholder	Against	For
5.	SHAREHOLDER PROPOSAL - INDEPENDENT BOARD CHAIRMAN	Shareholder	Against	For

Salient Global Equity Fund

UNITED TECHNOLOGIES CORPORATION
Security	913017109	Meeting Type	Annual
Ticker Symbol	UTX	Meeting Date	27-Apr-2015
ISIN	US9130171096	Agenda	934137729 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1A.	ELECTION OF DIRECTOR: JOHN V. FARACI	Management	For	For
1B.	ELECTION OF DIRECTOR: JEAN-PIERRE GARNIER	Management	For	For
1C.	ELECTION OF DIRECTOR: GREGORY J. HAYES	Management	For	For
1D.	ELECTION OF DIRECTOR: EDWARD A. KANGAS	Management	For	For
1E.	ELECTION OF DIRECTOR: ELLEN J. KULLMAN	Management	For	For
1F.	ELECTION OF DIRECTOR: MARSHALL O. LARSEN	Management	For	For
1G.	ELECTION OF DIRECTOR: HAROLD MCGRAW III	Management	For	For
1H.	ELECTION OF DIRECTOR: RICHARD B. MYERS	Management	For	For
1I.	ELECTION OF DIRECTOR: H. PATRICK SWYGERT	Management	For	For
1J.	ELECTION OF DIRECTOR: ANDRE VILLENEUVE	Management	For	For
1K.	ELECTION OF DIRECTOR: CHRISTINE TODD WHITMAN	Management	For	For
2.	APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT AUDITOR FOR 2015.	Management	For	For
3.	AN ADVISORY VOTE TO APPROVE THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS.	Management	For	For

Salient Global Equity Fund

METLIFE, INC.
Security	59156R108	Meeting Type	Annual
Ticker Symbol	MET	Meeting Date	28-Apr-2015
ISIN	US59156R1086	Agenda	934151402 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1A.	ELECTION OF DIRECTOR: CHERYL W. GRISE	Management	For	For
1B.	ELECTION OF DIRECTOR: CARLOS M. GUTIERREZ	Management	For	For
1C.	ELECTION OF DIRECTOR: R. GLENN HUBBARD	Management	For	For
1D.	ELECTION OF DIRECTOR: STEVEN A. KANDARIAN	Management	For	For
1E.	ELECTION OF DIRECTOR: ALFRED F. KELLY, JR.	Management	For	For
1F.	ELECTION OF DIRECTOR: EDWARD J. KELLY, III	Management	For	For
1G.	ELECTION OF DIRECTOR: WILLIAM E. KENNARD	Management	For	For
1H.	ELECTION OF DIRECTOR: JAMES M. KILTS	Management	For	For
1I.	ELECTION OF DIRECTOR: CATHERINE R. KINNEY	Management	For	For
1J.	ELECTION OF DIRECTOR: DENISE M. MORRISON	Management	For	For
1K.	ELECTION OF DIRECTOR: KENTON J. SICCHITANO	Management	For	For
1L.	ELECTION OF DIRECTOR: LULU C. WANG	Management	For	For
2A.	AMEND THE CERTIFICATE OF INCORPORATION TO CHANGE EACH SUPERMAJORITY COMMON SHAREHOLDER VOTE REQUIREMENT FOR AMENDMENTS TO THE CERTIFICATE OF INCORPORATION TO A MAJORITY VOTE REQUIREMENT	Management	For	For
2B.	AMEND THE CERTIFICATE OF INCORPORATION TO CHANGE THE SUPERMAJORITY VOTE REQUIREMENT FOR SHAREHOLDERS TO AMEND THE BY-LAWS TO A MAJORITY VOTE REQUIREMENT	Management	For	For
3.	RATIFICATION OF THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS INDEPENDENT AUDITOR FOR 2015	Management	For	For
4.	ADVISORY VOTE TO APPROVE THE COMPENSATION PAID TO THE COMPANY’S NAMED EXECUTIVE OFFICERS	Management	For	For

Salient Global Equity Fund

SYNGENTA AG
Security	87160A100	Meeting Type	Annual
Ticker Symbol	SYT	Meeting Date	28-Apr-2015
ISIN	US87160A1007	Agenda	934163483 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1.	APPROVAL OF THE ANNUAL REPORT, INCLUDING THE ANNUAL FINANCIAL STATEMENTS AND THE GROUP CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR 2014	Management	For	For
2.	CONSULTATIVE VOTE ON THE COMPENSATION REPORT FOR THE YEAR 2014	Management	For	For
3.	DISCHARGE OF THE MEMBERS OF THE BOARD OF DIRECTORS AND THE EXECUTIVE COMMITTEE	Management	For	For
4.	APPROPRIATION OF THE AVAILABLE EARNINGS AS PER BALANCE SHEET 2014 AND DIVIDEND DECISION	Management	For	For
5A.	RE-ELECTION TO THE BOARD OF DIRECTOR: VINITA BALI	Management	For	For
5B.	RE-ELECTION TO THE BOARD OF DIRECTOR: STEFAN BORGAS	Management	For	For
5C.	RE-ELECTION TO THE BOARD OF DIRECTOR: GUNNAR BROCK	Management	For	For
5D.	RE-ELECTION TO THE BOARD OF DIRECTOR: MICHEL DEMARE	Management	For	For
5E.	RE-ELECTION TO THE BOARD OF DIRECTOR: ELENI GABRE-MADHIN	Management	For	For
5F.	RE-ELECTION TO THE BOARD OF DIRECTOR: DAVID LAWRENCE	Management	For	For
5G.	RE-ELECTION TO THE BOARD OF DIRECTOR: MICHAEL MACK	Management	For	For
5H.	RE-ELECTION TO THE BOARD OF DIRECTOR: EVELINE SAUPPER	Management	For	For
5I.	RE-ELECTION TO THE BOARD OF DIRECTOR: JACQUES VINCENT	Management	For	For
5J.	RE-ELECTION TO THE BOARD OF DIRECTOR: JURG WITMER	Management	For	For
6.	RE-ELECTION OF MICHEL DEMARE AS CHAIRMAN OF THE BOARD OF DIRECTORS	Management	For	For
7A.	RE-ELECTION TO THE COMPENSATION COMMITTEE: EVELINE SAUPPER	Management	For	For
7B.	RE-ELECTION TO THE COMPENSATION COMMITTEE: JACQUES VINCENT	Management	For	For
7C.	RE-ELECTION TO THE COMPENSATION COMMITTEE: JURG WITMER	Management	For	For
8.	MAXIMUM TOTAL COMPENSATION OF THE MEMBERS OF THE BOARD OF DIRECTORS FOR THE PERIOD FROM THE 2015 AGM TO THE 2016 AGM	Management	For	For
9.	MAXIMUM TOTAL COMPENSATION OF THE MEMBERS OF THE EXECUTIVE COMMITTEE FOR THE PERIOD FROM JANUARY 1, 2015, THROUGH DECEMBER 31, 2015	Management	For	For
10.	ELECTION OF THE INDEPENDENT PROXY	Management	For	For
11.	ELECTION OF THE EXTERNAL AUDITOR	Management	For	For
12.	PROPOSALS OF SHAREHOLDERS IN CASE ADDITIONAL AND/OR COUNTER-PROPOSALS ARE PRESENTED AT THE MEETING	Shareholder	Abstain	Against

Salient Global Equity Fund

CAPITAL ONE FINANCIAL CORPORATION
Security	14040H105	Meeting Type	Annual
Ticker Symbol	COF	Meeting Date	30-Apr-2015
ISIN	US14040H1059	Agenda	934141300 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1A.	ELECTION OF DIRECTOR: RICHARD D. FAIRBANK	Management	For	For
1B.	ELECTION OF DIRECTOR: PATRICK W. GROSS	Management	For	For
1C.	ELECTION OF DIRECTOR: ANN FRITZ HACKETT	Management	For	For
1D.	ELECTION OF DIRECTOR: LEWIS HAY, III	Management	For	For
1E.	ELECTION OF DIRECTOR: BENJAMIN P. JENKINS III	Management	For	For
1F.	ELECTION OF DIRECTOR: PIERRE E. LEROY	Management	For	For
1G.	ELECTION OF DIRECTOR: PETER E. RASKIND	Management	For	For
1H.	ELECTION OF DIRECTOR: MAYO A. SHATTUCK III	Management	For	For
1I.	ELECTION OF DIRECTOR: BRADFORD H. WARNER	Management	For	For
1J.	ELECTION OF DIRECTOR: CATHERINE G. WEST	Management	For	For
2.	RATIFICATION OF SELECTION OF ERNST & YOUNG LLP AS INDEPENDENT AUDITORS OF CAPITAL ONE FOR 2015.	Management	For	For
3.	ADVISORY APPROVAL OF CAPITAL ONE’S 2014 NAMED EXECUTIVE OFFICER COMPENSATION.	Management	For	For
4.	APPROVAL OF AMENDMENTS TO CAPITAL ONE’S RESTATED CERTIFICATE OF INCORPORATION TO ALLOW STOCKHOLDERS TO REQUEST SPECIAL MEETINGS OF THE STOCKHOLDERS.	Management	For	For
5.	STOCKHOLDER PROPOSAL REGARDING SPECIAL MEETINGS OF THE STOCKHOLDERS, IF PRESENTED AT THE MEETING.	Shareholder	Against	For

Salient Global Equity Fund

YUM! BRANDS, INC.
Security	988498101	Meeting Type	Annual
Ticker Symbol	YUM	Meeting Date	01-May-2015
ISIN	US9884981013	Agenda	934143621 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1A.	ELECTION OF DIRECTOR: MICHAEL J. CAVANAGH	Management	For	For
1B.	ELECTION OF DIRECTOR: GREG CREED	Management	For	For
1C.	ELECTION OF DIRECTOR: DAVID W. DORMAN	Management	For	For
1D.	ELECTION OF DIRECTOR: MASSIMO FERRAGAMO	Management	For	For
1E.	ELECTION OF DIRECTOR: MIRIAN M. GRADDICK-WEIR	Management	For	For
1F.	ELECTION OF DIRECTOR: JONATHAN S. LINEN	Management	For	For
1G.	ELECTION OF DIRECTOR: THOMAS C. NELSON	Management	For	For
1H.	ELECTION OF DIRECTOR: DAVID C. NOVAK	Management	For	For
1I.	ELECTION OF DIRECTOR: THOMAS M. RYAN	Management	For	For
1J.	ELECTION OF DIRECTOR: ELANE B. STOCK	Management	For	For
1K.	ELECTION OF DIRECTOR: JING-SHYH S. SU	Management	For	For
1L.	ELECTION OF DIRECTOR: ROBERT D. WALTER	Management	For	For
2.	RATIFICATION OF INDEPENDENT AUDITORS.	Management	For	For
3.	ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION.	Management	For	For
4.	SHAREHOLDER PROPOSAL REGARDING POLICY ON ACCELERATED VESTING UPON A CHANGE IN CONTROL.	Shareholder	Against	For

Salient Global Equity Fund

SANOFI
Security	80105N105	Meeting Type	Annual
Ticker Symbol	SNY	Meeting Date	04-May-2015
ISIN	US80105N1054	Agenda	934185465 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1	APPROVAL OF THE INDIVIDUAL COMPANY FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2014	Management	For	For
2	APPROVAL OF THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2014	Management	For	For
3	APPROPRIATION OF PROFITS, DECLARATION OF DIVIDEND	Management	For	For
4	AGREEMENTS AND COMMITMENTS COVERED BY ARTICLES L. 225-38 ET SEQ OF THE FRENCH COMMERCIAL CODE	Management	For	For
5	REAPPOINTMENT OF A DIRECTOR - SERGE WEINBERG	Management	For	For
6	REAPPOINTMENT OF A DIRECTOR - SUET- FERN LEE	Management	For	For
7	RATIFICATION OF THE CO-OPTING OF A DIRECTOR - BONNIE BASSLER	Management	For	For
8	REAPPOINTMENT OF A DIRECTOR - BONNIE BASSLER	Management	For	For
9	RATIFICATION OF THE CO-OPTING OF A DIRECTOR - OLIVIER BRANDICOURT	Management	For	For
10	CONSULTATIVE VOTE ON THE COMPONENTS OF THE COMPENSATION DUE OR AWARDED TO SERGE WEINBERG, CHAIRMAN OF THE BOARD OF DIRECTORS, IN RESPECT OF THE YEAR ENDED DECEMBER 31, 2014	Management	For	For
11	CONSULTATIVE VOTE ON THE COMPONENTS OF THE COMPENSATION DUE OR AWARDED TO CHRISTOPHER VIEHBACHER, CHIEF EXECUTIVE OFFICER, IN RESPECT OF THE YEAR ENDED DECEMBER 31, 2014	Management	For	For
12	AUTHORIZATION TO THE BOARD OF DIRECTORS TO CARRY OUT TRANSACTIONS IN THE COMPANY’S SHARES	Management	For	For
S1	DELEGATION TO THE BOARD OF DIRECTORS OF AUTHORITY TO DECIDE TO ISSUE, WITH PREEMPTIVE RIGHTS MAINTAINED, SHARES AND/OR SECURITIES GIVING ACCESS TO THE SHARE CAPITAL OF THE COMPANY, OF ANY SUBSIDIARY, AND/OR OF ANY OTHER COMPANY	Management	For	For
S2	DELEGATION TO THE BOARD OF DIRECTORS OF AUTHORITY TO DECIDE TO ISSUE, WITH PREEMPTIVE RIGHTS CANCELLED, SHARES AND/OR SECURITIES GIVING ACCESS TO THE SHARE CAPITAL OF THE COMPANY, OF ANY SUBSIDIARY, AND/OR OF ANY OTHER COMPANY, VIA A PUBLIC OFFERING	Management	For	For

Salient Global Equity Fund

S3	DELEGATION TO THE BOARD OF DIRECTORS OF AUTHORITY TO DECIDE TO ISSUE, WITH PREEMPTIVE RIGHTS CANCELLED, SHARES AND/OR SECURITIES GIVING ACCESS TO THE SHARE CAPITAL OF THE COMPANY, OF ANY SUBSIDIARY, AND/OR OF ANY OTHER COMPANY, VIA A PRIVATE PLACEMENT	Management	For	For
S4	DELEGATION TO THE BOARD OF DIRECTORS OF AUTHORITY TO DECIDE TO ISSUE SECURITIES REPRESENTING A DEBTOR CLAIM AND GIVING ACCESS TO THE SHARE CAPITAL OF SUBSIDIARIES AND/OR OF ANY OTHER COMPANY	Management	For	For
S5	DELEGATION TO THE BOARD OF DIRECTORS OF AUTHORITY TO INCREASE THE NUMBER OF SHARES TO BE ISSUED IN THE EVENT OF AN ISSUE OF ORDINARY SHARES AND/OR OF SECURITIES GIVING ACCESS TO THE SHARE CAPITAL OF THE COMPANY, OF ANY SUBSIDIARY, AND/OR OF ANY OTHER COMPANY, WITH OR WITHOUT PREEMPTIVE RIGHTS	Management	For	For
S6	DELEGATION TO THE BOARD OF DIRECTORS OF AUTHORITY WITH A VIEW TO THE ISSUANCE, WITH PREEMPTIVE RIGHTS CANCELLED, OF SHARES AND/OR SECURITIES GIVING ACCESS TO THE SHARE CAPITAL OF THE COMPANY, OF ANY OF ITS SUBSIDIARIES AND/OR OF ANY OTHER COMPANY, AS CONSIDERATION FOR ASSETS TRANSFERRED TO THE COMPANY AS A SHARE CAPITAL CONTRIBUTION IN KIND	Management	For	For
S7	DELEGATION TO THE BOARD OF DIRECTORS OF AUTHORITY TO DECIDE TO CARRY OUT INCREASES IN THE SHARE CAPITAL BY INCORPORATION OF SHARE PREMIUM, RESERVES, PROFITS OR OTHER ITEMS	Management	For	For
S8	AUTHORIZATION TO THE BOARD OF DIRECTORS TO REDUCE THE SHARE CAPITAL BY CANCELLATION OF TREASURY SHARES	Management	For	For
S9	DELEGATION TO THE BOARD OF DIRECTORS OF AUTHORITY TO DECIDE ON THE ISSUANCE OF SHARES OR SECURITIES GIVING ACCESS TO THE COMPANY’S SHARE CAPITAL RESERVED FOR MEMBERS OF SAVINGS PLANS, WITH WAIVER OF PREEMPTIVE RIGHTS IN THEIR FAVOR	Management	For	For
S10	AUTHORIZATION FOR THE BOARD OF DIRECTORS TO CARRY OUT CONSIDERATION-FREE ALLOTMENTS OF EXISTING OR NEW SHARES TO SOME OR ALL OF THE SALARIED EMPLOYEES AND CORPORATE OFFICERS OF THE GROUP	Management	For	For
S11	AMENDMENT OF ARTICLE 7 OF THE ARTICLES OF ASSOCIATION	Management	Against	Against
S12	AMENDMENT OF ARTICLE 19 OF THE ARTICLES OF ASSOCIATION	Management	For	For
S13	POWERS FOR FORMALITIES	Management	For	For

Salient Global Equity Fund

BANK OF AMERICA CORPORATION
Security	060505104	Meeting Type	Annual
Ticker Symbol	BAC	Meeting Date	06-May-2015
ISIN	US0605051046	Agenda	934150842 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1A.	ELECTION OF DIRECTOR: SHARON L. ALLEN	Management	For	For
1B.	ELECTION OF DIRECTOR: SUSAN S. BIES	Management	For	For
1C.	ELECTION OF DIRECTOR: JACK O. BOVENDER, JR.	Management	For	For
1D.	ELECTION OF DIRECTOR: FRANK P. BRAMBLE, SR.	Management	For	For
1E.	ELECTION OF DIRECTOR: PIERRE J.P. DE WECK	Management	For	For
1F.	ELECTION OF DIRECTOR: ARNOLD W. DONALD	Management	For	For
1G.	ELECTION OF DIRECTOR: CHARLES K. GIFFORD	Management	For	For
1H.	ELECTION OF DIRECTOR: LINDA P. HUDSON	Management	For	For
1I.	ELECTION OF DIRECTOR: MONICA C. LOZANO	Management	For	For
1J.	ELECTION OF DIRECTOR: THOMAS J. MAY	Management	For	For
1K.	ELECTION OF DIRECTOR: BRIAN T. MOYNIHAN	Management	For	For
1L.	ELECTION OF DIRECTOR: LIONEL L. NOWELL, III	Management	For	For
1M.	ELECTION OF DIRECTOR: R. DAVID YOST	Management	For	For
2.	APPROVING OUR EXECUTIVE COMPENSATION (AN ADVISORY, NON- BINDING “SAY ON PAY” RESOLUTION)	Management	For	For
3.	RATIFYING THE APPOINTMENT OF OUR REGISTERED INDEPENDENT PUBLIC ACCOUNTING FIRM FOR 2015	Management	For	For
4.	APPROVING THE AMENDMENT AND RESTATEMENT OF THE BANK OF AMERICA CORPORATION 2003 KEY ASSOCIATE STOCK PLAN	Management	For	For
5.	STOCKHOLDER PROPOSAL - CLIMATE CHANGE REPORT	Shareholder	Against	For
6.	STOCKHOLDER PROPOSAL - LOBBYING REPORT	Shareholder	Against	For
7.	STOCKHOLDER PROPOSAL - STOCKHOLDER ACTION BY WRITTEN CONSENT	Shareholder	For	Against
8.	STOCKHOLDER PROPOSAL - STOCKHOLDER VALUE COMMITTEE	Shareholder	Against	For

Salient Global Equity Fund

PEPSICO, INC.
Security	713448108	Meeting Type	Annual
Ticker Symbol	PEP	Meeting Date	06-May-2015
ISIN	US7134481081	Agenda	934150854 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1A.	ELECTION OF DIRECTOR: SHONA L. BROWN	Management	For	For
1B.	ELECTION OF DIRECTOR: GEORGE W. BUCKLEY	Management	For	For
1C.	ELECTION OF DIRECTOR: IAN M. COOK	Management	For	For
1D.	ELECTION OF DIRECTOR: DINA DUBLON	Management	For	For
1E.	ELECTION OF DIRECTOR: RONA A. FAIRHEAD	Management	For	For
1F.	ELECTION OF DIRECTOR: RICHARD W. FISHER	Management	For	For
1G.	ELECTION OF DIRECTOR: ALBERTO IBARGUEN	Management	For	For
1H.	ELECTION OF DIRECTOR: WILLIAM R. JOHNSON	Management	For	For
1I.	ELECTION OF DIRECTOR: INDRA K. NOOYI	Management	For	For
1J.	ELECTION OF DIRECTOR: DAVID C. PAGE	Management	For	For
1K.	ELECTION OF DIRECTOR: ROBERT C. POHLAD	Management	For	For
1L.	ELECTION OF DIRECTOR: LLOYD G. TROTTER	Management	For	For
1M.	ELECTION OF DIRECTOR: DANIEL VASELLA	Management	For	For
1N.	ELECTION OF DIRECTOR: ALBERTO WEISSER	Management	For	For
2.	RATIFICATION OF THE APPOINTMENT OF KPMG LLP AS THE COMPANY’S INDEPENDENT REGISTERED PUBLIC ACCOUNTANTS FOR FISCAL YEAR 2015.	Management	For	For
3.	ADVISORY APPROVAL OF THE COMPANY’S EXECUTIVE COMPENSATION.	Management	For	For
4.	ESTABLISH BOARD COMMITTEE ON SUSTAINABILITY.	Shareholder	Against	For
5.	POLICY REGARDING LIMIT ON ACCELERATED VESTING OF EQUITY AWARDS.	Shareholder	Against	For
6.	REPORT ON MINIMIZING IMPACTS OF NEONICS.	Shareholder	Against	For

Salient Global Equity Fund

STANDARD CHARTERED PLC, LONDON
Security	G84228157	Meeting Type	Annual General Meeting
Ticker Symbol		Meeting Date	06-May-2015
ISIN	GB0004082847	Agenda	705951778 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
CMMT	PLEASE NOTE THAT THIS IS AN AMENDMENT TO MEETING ID 439684 DUE TO DELETION OF-RESOLUTION. ALL VOTES RECEIVED ON THE PREVIOUS MEETING WILL BE DISREGARDED AND-YOU WILL NEED TO REINSTRUCT ON THIS MEETING NOTICE. THANK YOU.	Non-Voting
1	TO RECEIVE THE COMPANY’S ANNUAL REPORT AND ACCOUNTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2014 TOGETHER WITH THE REPORTS OF THE DIRECTORS AND AUDITORS	Management	For	For
2	TO DECLARE A FINAL DIVIDEND OF 57.20 US CENTS PER ORDINARY SHARE FOR THE YEAR ENDED 31 DECEMBER 2014	Management	For	For
3	TO APPROVE THE ANNUAL REPORT ON REMUNERATION FOR THE YEAR ENDED 31 DECEMBER 2014	Management	For	For
4	TO ELECT DR BYRON GROTE WHO HAS BEEN APPOINTED AS A NON-EXECUTIVE DIRECTOR BY THE BOARD SINCE THE LAST AGM OF THE COMPANY	Management	For	For
5	TO ELECT ANDY HALFORD WHO HAS BEEN APPOINTED AS AN EXECUTIVE DIRECTOR BY THE BOARD SINCE THE LAST AGM OF THE COMPANY	Management	For	For
6	TO ELECT GAY HUEY EVANS WHO HAS BEEN APPOINTED AS A NON-EXECUTIVE DIRECTOR BY THE BOARD SINCE THE LAST AGM OF THE COMPANY	Management	For	For
7	TO ELECT JASMINE WHITBREAD WHO HAS BEEN APPOINTED AS A NON-EXECUTIVE DIRECTOR BY THE BOARD SINCE THE LAST AGM OF THE COMPANY	Management	For	For
8	TO RE-ELECT OM BHATT, A NON-EXECUTIVE DIRECTOR	Management	For	For
9	TO RE-ELECT DR KURT CAMPBELL, A NON- EXECUTIVE DIRECTOR	Management	For	For
10	TO RE-ELECT DR LOUIS CHEUNG, A NON- EXECUTIVE DIRECTOR	Management	For	For
11	TO RE-ELECT DR HAN SEUNG-SOO, KBE, A NON-EXECUTIVE DIRECTOR	Management	For	For
12	TO RE-ELECT CHRISTINE HODGSON, A NON- EXECUTIVE DIRECTOR	Management	For	For
13	TO RE-ELECT NAGUIB KHERAJ, A NON- EXECUTIVE DIRECTOR	Management	For	For
14	TO RE-ELECT SIMON LOWTH, A NON- EXECUTIVE DIRECTOR	Management	For	For
15	TO RE-ELECT RUTH MARKLAND, A NON- EXECUTIVE DIRECTOR	Management	For	For
16	TO RE-ELECT SIR JOHN PEACE, AS CHAIRMAN	Management	For	For

Salient Global Equity Fund

17	TO RE-ELECT MIKE REES, AN EXECUTIVE DIRECTOR	Management	For	For
18	TO RE-ELECT V SHANKAR, AN EXECUTIVE DIRECTOR	Management	For	For
19	TO RE-ELECT PAUL SKINNER, CBE, A NON-EXECUTIVE DIRECTOR	Management	For	For
20	TO RE-ELECT DR LARS THUNELL, A NON-EXECUTIVE DIRECTOR	Management	For	For
21	TO APPOINT KPMG LLP AS AUDITOR TO THE COMPANY FROM THE END OF THE AGM UNTIL THE END OF NEXT YEARS AGM	Management	For	For
22	TO AUTHORISE THE BOARD TO SET THE AUDITORS FEES	Management	For	For
23	TO AUTHORISE THE COMPANY AND ITS SUBSIDIARIES TO MAKE POLITICAL DONATIONS	Management	For	For
24	TO AUTHORISE THE BOARD TO ALLOT SHARES	Management	For	For
25	TO EXTEND THE AUTHORITY TO ALLOT SHARES BY SUCH NUMBER OF SHARES REPURCHASED BY THE COMPANY UNDER THE AUTHORITY GRANTED PURSUANT TO RESOLUTION 29	Management	For	For
26	TO AUTHORISE THE BOARD TO ALLOT SHARES AND GRANT RIGHTS TO SUBSCRIBE FOR OR TO CONVERT ANY SECURITY INTO SHARES (SEE NOM FOR FULL RESOLUTION)	Management	For	For
27	TO AUTHORISE THE BOARD TO DISAPPLY PRE-EMPTION RIGHTS IN RELATION TO THE AUTHORITY GRANTED PURSUANT TO RESOLUTION 24	Management	For	For
28	TO AUTHORISE THE BOARD TO DISAPPLY PRE-EMPTION RIGHTS IN RELATION TO THE AUTHORITY GRANTED PURSUANT TO RESOLUTION 26	Management	For	For
29	TO AUTHORISE THE COMPANY TO PURCHASE ITS OWN ORDINARY SHARES	Management	For	For
30	TO AUTHORISE THE COMPANY TO PURCHASE ITS OWN PREFERENCE SHARES	Management	For	For
31	THAT A GENERAL MEETING OTHER THAN AN ANNUAL GENERAL MEETING MAY BE CALLED ON NOT LESS THAN 14 CLEAR DAYS NOTICE	Management	Against	Against

Salient Global Equity Fund

ADIDAS AG, HERZOGENAURACH
Security	D0066B185	Meeting Type	Annual General Meeting
Ticker Symbol		Meeting Date	07-May-2015
ISIN	DE000A1EWWW0	Agenda	705911407 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
	PLEASE NOTE THAT BY JUDGEMENT OF OLG COLOGNE RENDERED ON JUNE 6, 2012, ANY SHA-REHOLDER WHO HOLDS AN AGGREGATE TOTAL OF 3 PERCENT OR MORE OF THE OUTSTANDING-SHARE CAPITAL MUST REGISTER UNDER THEIR BENEFICIAL OWNER DETAILS BEFORE THE AP-PROPRIATE DEADLINE TO BE ABLE TO VOTE. FAILURE TO COMPLY WITH THE DECLARATION-REQUIREMENTS AS STIPULATED IN SECTION 21 OF THE SECURITIES TRADE ACT (WPHG) MA-Y PREVENT THE SHAREHOLDER FROM VOTING AT THE GENERAL MEETINGS. THEREFORE, YOUR-CUSTODIAN MAY REQUEST THAT WE REGISTER BENEFICIAL OWNER DATA FOR ALL VOTED AC-COUNTS WITH THE RESPECTIVE SUB CUSTODIAN. IF YOU REQUIRE FURTHER INFORMATION W- HETHER OR NOT SUCH BO REGISTRATION WILL BE CONDUCTED FOR YOUR CUSTODIANS ACCOU-NTS, PLEASE CONTACT YOUR CSR.	Non-Voting
	THE SUB CUSTODIANS HAVE ADVISED THAT VOTED SHARES ARE NOT BLOCKED FOR TRADING-PURPOSES I.E. THEY ARE ONLY UNAVAILABLE FOR SETTLEMENT. REGISTERED SHARES WILL-BE DEREGISTERED AT THE DEREGISTRATION DATE BY THE SUB CUSTODIANS. IN ORDER TO-DELIVER/SETTLE A VOTED POSITION BEFORE THE DEREGISTRATION DATE A VOTING INSTR-UCTION CANCELLATION AND DE-REGISTRATION REQUEST NEEDS TO BE SENT TO YOUR CSR O-R CUSTODIAN. PLEASE CONTACT YOUR CSR FOR FURTHER INFORMATION.	Non-Voting
	THE VOTE/REGISTRATION DEADLINE AS DISPLAYED ON PROXYEDGE IS SUBJECT TO CHANGE-AND WILL BE UPDATED AS SOON AS BROADRIDGE RECEIVES CONFIRMATION FROM THE SUB C-USTODIANS REGARDING THEIR INSTRUCTION DEADLINE. FOR ANY QUERIES PLEASE CONTACT-YOUR CLIENT SERVICES REPRESENTATIVE.	Non-Voting
	ACCORDING TO GERMAN LAW, IN CASE OF SPECIFIC CONFLICTS OF INTEREST IN CONNECTI-ON WITH SPECIFIC ITEMS OF THE AGENDA FOR THE GENERAL MEETING YOU ARE NOT ENTIT-LED TO EXERCISE YOUR VOTING RIGHTS. FURTHER, YOUR VOTING RIGHT MIGHT BE EXCLUD-ED WHEN YOUR SHARE IN VOTING RIGHTS HAS REACHED CERTAIN THRESHOLDS AND YOU	Non-Voting

Salient Global Equity Fund

	HAV-E NOT COMPLIED WITH ANY OF YOUR MANDATORY VOTING RIGHTS NOTIFICATIONS PURSUANT-TO THE GERMAN SECURITIES TRADING ACT (WHPG). FOR QUESTIONS IN THIS REGARD PLE-ASE CONTACT YOUR CLIENT SERVICE REPRESENTATIVE FOR CLARIFICATION. IF YOU DO NO-T HAVE ANY INDICATION REGARDING SUCH CONFLICT OF INTEREST, OR ANOTHER EXCLUSIO-N FROM VOTING, PLEASE SUBMIT YOUR VOTE AS USUAL. THANK YOU.
	COUNTER PROPOSALS MAY BE SUBMITTED UNTIL 22 APR 2015. FURTHER INFORMATION ON C-OUNTER PROPOSALS CAN BE FOUND DIRECTLY ON THE ISSUER’S WEBSITE (PLEASE REFER T-O THE MATERIAL URL SECTION OF THE APPLICATION). IF YOU WISH TO ACT ON THESE IT-EMS, YOU WILL NEED TO REQUEST A MEETING ATTEND AND VOTE YOUR SHARES DIRECTLY A-T THE COMPANY’S MEETING. COUNTER PROPOSALS CANNOT BE REFLECTED IN THE BALLOT O-N PROXYEDGE.	Non-Voting
1.	PRESENTATION OF THE ADOPTED ANNUAL FINANCIAL STATEMENTS OF ADIDAS AG AND OF TH-E APPROVED CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2014, OF THE C-OMBINED MANAGEMENT REPORT OF ADIDAS AG AND OF THE ADIDAS GROUP, THE EXPLANATOR-Y REPORT OF THE EXECUTIVE BOARD ON THE DISCLOSURES PURSUANT TO SECTIONS 289(4)-, 289(5) AND 315(4) GERMAN COMMERCIAL CODE (HANDELSGESETZBUCH-HGB) AS WELL AS- OF THE SUPERVISORY BOARD REPORT FOR THE 2014 FINANCIAL YEAR	Non-Voting
2.	RESOLUTION ON THE APPROPRIATION OF RETAINED EARNINGS: THE DISTRIBUTABLE PROFIT IN THE AMOUNT OF EUR 307,117,680.14 SHALL BE APPROPRIATED AS FOLLOWS: PAYMENT OF A DIVIDEND OF EUR 1.50 PER NO-PAR SHARE EUR 1,146,625.64 SHALL BE CARRIED FORWARD EX-DIVIDEND AND PAYABLE DATE: MAY 8, 2015	Management	For	For
3.	RESOLUTION ON THE RATIFICATION OF THE ACTIONS OF THE EXECUTIVE BOARD FOR THE 2014 FINANCIAL YEAR	Management	For	For
4.	RESOLUTION ON THE RATIFICATION OF THE ACTIONS OF THE SUPERVISORY BOARD FOR THE 2014 FINANCIAL YEAR	Management	For	For
5.	RESOLUTION ON THE APPROVAL OF THE COMPENSATION SYSTEM FOR THE MEMBERS OF THE EXECUTIVE BOARD	Management	Against	Against

Salient Global Equity Fund

6.	RESOLUTION ON THE CANCELLATION OF THE AUTHORISED CAPITAL PURSUANT TO PARA 4 SECTION 3 OF THE ARTICLES OF ASSOCIATION, ON THE CREATION OF A NEW AUTHORISED CAPITAL AGAINST CONTRIBUTIONS IN KIND TOGETHER WITH THE AUTHORISATION TO EXCLUDE SUBSCRIPTION RIGHTS AS WELL AS ON THE RESPECTIVE AMENDMENT TO THE ARTICLES OF ASSOCIATION	Management	For	For
7.1	APPOINTMENT OF THE AUDITOR AND THE GROUP AUDITOR FOR THE 2015 FINANCIAL YEAR AS WELL AS, IF APPLICABLE, OF THE AUDITOR FOR THE REVIEW OF THE FIRST HALF YEAR FINANCIAL REPORT: KPMG AG WIRTSCHAFTSPRUFUNGSGESELLSCHAFT, BERLIN, IS APPOINTED AS AUDITOR OF THE ANNUAL FINANCIAL STATEMENTS AND THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE 2015 FINANCIAL YEAR	Management	For	For
7.2	APPOINTMENT OF THE AUDITOR AND THE GROUP AUDITOR FOR THE 2015 FINANCIAL YEAR AS WELL AS, IF APPLICABLE, OF THE AUDITOR FOR THE REVIEW OF THE FIRST HALF YEAR FINANCIAL REPORT: KPMG AG WIRTSCHAFTSPRUFUNGSGESELLSCHAFT, BERLIN, IS APPOINTED FOR THE AUDIT REVIEW OF THE FINANCIAL STATEMENTS AND INTERIM MANAGEMENT REPORT FOR THE FIRST SIX MONTHS OF THE 2015 FINANCIAL YEAR, IF APPLICABLE	Management	For	For

Salient Global Equity Fund

CVS HEALTH CORPORATION
Security	126650100	Meeting Type	Annual
Ticker Symbol	CVS	Meeting Date	07-May-2015
ISIN	US1266501006	Agenda	934148102 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1A.	ELECTION OF DIRECTOR: RICHARD M. BRACKEN	Management	For	For
1B.	ELECTION OF DIRECTOR: C. DAVID BROWN II	Management	For	For
1C.	ELECTION OF DIRECTOR: ALECIA A. DECOUDREAUX	Management	For	For
1D.	ELECTION OF DIRECTOR: NANCY-ANN M. DEPARLE	Management	For	For
1E.	ELECTION OF DIRECTOR: DAVID W. DORMAN	Management	For	For
1F.	ELECTION OF DIRECTOR: ANNE M. FINUCANE	Management	For	For
1G.	ELECTION OF DIRECTOR: LARRY J. MERLO	Management	For	For
1H.	ELECTION OF DIRECTOR: JEAN-PIERRE MILLON	Management	For	For
1I.	ELECTION OF DIRECTOR: RICHARD J. SWIFT	Management	For	For
1J.	ELECTION OF DIRECTOR: WILLIAM C. WELDON	Management	For	For
1K.	ELECTION OF DIRECTOR: TONY L. WHITE	Management	For	For
2.	PROPOSAL TO RATIFY INDEPENDENT PUBLIC ACCOUNTING FIRM FOR 2015.	Management	For	For
3.	SAY ON PAY - AN ADVISORY VOTE ON THE APPROVAL OF EXECUTIVE COMPENSATION.	Management	For	For
4.	PROPOSAL TO APPROVE PERFORMANCE CRITERIA IN THE COMPANY’S 2010 INCENTIVE COMPENSATION PLAN.	Management	For	For
5.	STOCKHOLDER PROPOSAL REGARDING CONGRUENCY OF CORPORATE VALUES AND POLITICAL CONTRIBUTIONS.	Shareholder	Against	For

Salient Global Equity Fund

RECKITT BENCKISER GROUP PLC, SLOUGH
Security	G74079107	Meeting Type	Annual General Meeting
Ticker Symbol		Meeting Date	07-May-2015
ISIN	GB00B24CGK77	Agenda	705948264 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1	TO RECEIVE THE 2014 REPORT AND FINANCIAL STATEMENTS	Management	For	For
2	TO APPROVE THE DIRECTORS’ REMUNERATION REPORT	Management	Against	Against
3	TO DECLARE A FINAL DIVIDEND	Management	For	For
4	TO ELECT JASPAL BINDRA	Management	For	For
5	TO ELECT MARY HARRIS	Management	For	For
6	TO ELECT PAMELA KIRBY	Management	For	For
7	TO ELECT SUE SHIM	Management	For	For
8	TO ELECT CHRISTOPHER SINCLAIR	Management	For	For
9	TO ELECT DOUGLAS TOUGH	Management	For	For
10	TO RE-ELECT ADRIAN BELLAMY	Management	For	For
11	TO RE-ELECT NICANDRO DURANTE	Management	For	For
12	TO RE-ELECT PETER HART	Management	For	For
13	TO RE-ELECT ADRIAN HENNAH	Management	For	For
14	TO RE-ELECT KENNETH HYDON	Management	For	For
15	TO RE-ELECT RAKESH KAPOOR	Management	For	For
16	TO RE-ELECT ANDRE LACROIX	Management	For	For
17	TO RE-ELECT JUDITH SPRIESER	Management	For	For
18	TO RE-ELECT WARREN TUCKER	Management	For	For
19	TO RE-APPOINT PRICEWATERHOUSECOOPERS LLP AS AUDITORS	Management	For	For
20	TO AUTHORISE THE DIRECTORS TO DETERMINE THE AUDITORS’ REMUNERATION	Management	For	For
21	TO AUTHORISE THE COMPANY TO MAKE POLITICAL DONATIONS	Management	For	For
22	TO RENEW THE DIRECTORS’ AUTHORITY TO ALLOT SHARES	Management	For	For
23	TO AMEND THE COMPANY’S ARTICLES OF ASSOCIATION, AS SET OUT IN THE NOTICE OF MEETING	Management	For	For
24	TO RENEW THE DIRECTORS’ POWER TO DISAPPLY PRE-EMPTION RIGHTS. (SPECIAL RESOLUTION)	Management	For	For
25	TO RENEW THE COMPANY’S AUTHORITY TO PURCHASE ITS OWN SHARES. (SPECIAL RESOLUTION)	Management	For	For
26	TO APPROVE THE RECKITT BENCKISER GROUP 2015 LONG TERM INCENTIVE PLAN (“THE LTIP”) (SPECIAL RESOLUTION)	Management	For	For

Salient Global Equity Fund

27	TO APPROVE THE RECKITT BENCKISER GROUP 2015 SAVINGS RELATED SHARE OPTION PLAN (THE “SRS PLAN”). (SPECIAL RESOLUTION)	Management	For	For
28	TO AUTHORISE THE DIRECTORS TO ESTABLISH A FURTHER PLAN OR PLANS, AS SET OUT IN THE NOTICE OF MEETING. (SPECIAL RESOLUTION)	Management	For	For
29	TO APPROVE THE CALLING OF GENERAL MEETINGS ON 14 CLEAR DAYS’ NOTICE. (SPECIAL RESOLUTION)	Management	Against	Against

Salient Global Equity Fund

UBS AG
Security	H89231338	Meeting Type	Annual
Ticker Symbol	OUBSF	Meeting Date	07-May-2015
ISIN	CH0024899483	Agenda	934172115 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1A	APPROVAL OF ANNUAL REPORT AND UBS AG CONSOLIDATED AND STANDALONE FINANCIAL STATEMENTS	Management	For	For
1B	ADVISORY VOTE ON THE UBS GROUP AG COMPENSATION REPORT 2014	Management	For	For
2A	APPROPRIATION OF RETAINED EARNINGS	Management	For	For
2B	DISTRIBUTION OF A DIVIDEND OUT OF CAPITAL CONTRIBUTION RESERVE IN EITHER CASH OR UBS AG SHARES	Management	For	For
2C	SUPPLEMENTARY DISTRIBUTION OF A DIVIDEND OUT OF CAPITAL CONTRIBUTION RESERVE UPON THE COMPLETION OF THE ACQUISITION OF ALL SHARES IN UBS AG BY UBS GROUP AG	Management	For	For
3	APPROVAL OF NEW ARTICLE 4A PARA. 3 OF THE UBS AG ARTICLES OF ASSOCIATION	Management	For	For
4	DISCHARGE OF THE MEMBERS OF THE BOARD OF DIRECTORS AND THE GROUP EXECUTIVE BOARD FOR THE FINANCIAL YEAR 2014	Management	Against	Against
5	APPROVAL OF THE AGGREGATE AMOUNT OF VARIABLE COMPENSATION FOR THE MEMBERS OF THE GROUP EXECUTIVE BOARD FOR THE FINANCIAL YEAR 2014	Management	For	For
6	APPROVAL OF THE MAXIMUM AGGREGATE AMOUNT OF FIXED COMPENSATION FOR THE MEMBERS OF THE GROUP EXECUTIVE BOARD FOR THE FINANCIAL YEAR 2016	Management	For	For
7AA	RE-ELECTION OF MEMBER OF THE BOARD OF DIRECTORS: AXEL A. WEBER AS CHAIRMAN OF THE BOARD OF DIRECTORS	Management	For	For
7AB	RE-ELECTION OF MEMBER OF THE BOARD OF DIRECTORS: MICHEL DEMARE	Management	For	For
7AC	RE-ELECTION OF MEMBER OF THE BOARD OF DIRECTORS: DAVID SIDWELL	Management	For	For
7AD	RE-ELECTION OF MEMBER OF THE BOARD OF DIRECTORS: RETO FRANCIONI	Management	For	For
7AE	RE-ELECTION OF MEMBER OF THE BOARD OF DIRECTORS: ANN F. GODBEHERE	Management	For	For
7AF	RE-ELECTION OF MEMBER OF THE BOARD OF DIRECTORS: AXEL P. LEHMANN	Management	For	For
7AG	RE-ELECTION OF MEMBER OF THE BOARD OF DIRECTORS: WILLIAM G. PARRETT	Management	For	For
7AH	RE-ELECTION OF MEMBER OF THE BOARD OF DIRECTORS: ISABELLE ROMY	Management	For	For
7AI	RE-ELECTION OF MEMBER OF THE BOARD OF DIRECTORS: BEATRICE WEDER DI MAURO	Management	For	For
7AJ	RE-ELECTION OF MEMBER OF THE BOARD OF DIRECTORS: JOSEPH YAM	Management	For	For
7B	ELECTION OF A NEW MEMBER TO THE BOARD OF DIRECTORS: JES STALEY	Management	For	For

Salient Global Equity Fund

7C1	ELECTION OF MEMBER OF THE HUMAN RESOURCES AND COMPENSATION COMMITTEE: ANN F. GODBEHERE	Management	For	For
7C2	ELECTION OF MEMBER OF THE HUMAN RESOURCES AND COMPENSATION COMMITTEE: MICHEL DEMARE	Management	For	For
7C3	ELECTION OF MEMBER OF THE HUMAN RESOURCES AND COMPENSATION COMMITTEE: RETO FRANCIONI	Management	For	For
7C4	ELECTION OF MEMBER OF THE HUMAN RESOURCES AND COMPENSATION COMMITTEE: JES STALEY	Management	For	For
8	APPROVAL OF THE MAXIMUM AGGREGATE AMOUNT OF COMPENSATION FOR THE MEMBERS OF THE BOARD OF DIRECTORS FROM THE 2015 ANNUAL GENERAL MEETING TO THE 2016 ANNUAL GENERAL MEETING	Management	For	For
9A	RE-ELECTION OF THE INDEPENDENT PROXY, ADB ALTORFER DUSS & BEILSTEIN AG, ZURICH	Management	For	For
9B	RE-ELECTION OF THE AUDITORS, ERNST & YOUNG LTD, BASEL	Management	For	For
9C	RE-ELECTION OF THE SPECIAL AUDITORS, BDO AG, ZURICH	Management	For	For
10	APPROVAL OF NEW ARTICLE 2 PARA. 4 OF THE UBS AG ARTICLES OF ASSOCIATION	Management	For	For
11	VOTING INSTRUCTIONS IN CASE OF AD-HOC MOTIONS: IN THE EVENT, A REQUEST FOR THE INCLUSION OF ANY ADDITIONAL OR AMENDED ITEMS IS SUBMITTED TO THE GENERAL MEETING. I/WE INSTRUCT MY/OUR PROXY TO ACT AS FOLLOWS WITH REGARD TO SUCH ADDITIONAL OR AMENDED ITEMS: VOTE IN ACCORDANCE WITH THE PROPOSAL OF THE BOARD OF DIRECTORS IN CASE OF AN AD-HOC MOTION, VOTE AGAINST THE PROPOSAL IN CASE OF AN AD-HOC MOTION, ABSTAIN IN CASE OF AN AD-HOC MOTION	Management	Abstain

Salient Global Equity Fund

UBS AG
Security	H89231338	Meeting Type	Annual
Ticker Symbol	OUBSF	Meeting Date	07-May-2015
ISIN	CH0024899483	Agenda	934210220 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1A	APPROVAL OF ANNUAL REPORT AND UBS AG CONSOLIDATED AND STANDALONE FINANCIAL STATEMENTS	Management	For	For
1B	ADVISORY VOTE ON THE UBS GROUP AG COMPENSATION REPORT 2014	Management	For	For
2A	APPROPRIATION OF RETAINED EARNINGS	Management	For	For
2B	DISTRIBUTION OF A DIVIDEND OUT OF CAPITAL CONTRIBUTION RESERVE IN EITHER CASH OR UBS AG SHARES	Management	For	For
2C	SUPPLEMENTARY DISTRIBUTION OF A DIVIDEND OUT OF CAPITAL CONTRIBUTION RESERVE UPON THE COMPLETION OF THE ACQUISITION OF ALL SHARES IN UBS AG BY UBS GROUP AG	Management	For	For
3	APPROVAL OF NEW ARTICLE 4A PARA. 3 OF THE UBS AG ARTICLES OF ASSOCIATION	Management	For	For
4	DISCHARGE OF THE MEMBERS OF THE BOARD OF DIRECTORS AND THE GROUP EXECUTIVE BOARD FOR THE FINANCIAL YEAR 2014	Management	Against	Against
5	APPROVAL OF THE AGGREGATE AMOUNT OF VARIABLE COMPENSATION FOR THE MEMBERS OF THE GROUP EXECUTIVE BOARD FOR THE FINANCIAL YEAR 2014	Management	For	For
6	APPROVAL OF THE MAXIMUM AGGREGATE AMOUNT OF FIXED COMPENSATION FOR THE MEMBERS OF THE GROUP EXECUTIVE BOARD FOR THE FINANCIAL YEAR 2016	Management	For	For
7AA	RE-ELECTION OF MEMBER OF THE BOARD OF DIRECTORS: AXEL A. WEBER AS CHAIRMAN OF THE BOARD OF DIRECTORS	Management	For	For
7AB	RE-ELECTION OF MEMBER OF THE BOARD OF DIRECTORS: MICHEL DEMARE	Management	For	For
7AC	RE-ELECTION OF MEMBER OF THE BOARD OF DIRECTORS: DAVID SIDWELL	Management	For	For
7AD	RE-ELECTION OF MEMBER OF THE BOARD OF DIRECTORS: RETO FRANCIONI	Management	For	For
7AE	RE-ELECTION OF MEMBER OF THE BOARD OF DIRECTORS: ANN F. GODBEHERE	Management	For	For
7AF	RE-ELECTION OF MEMBER OF THE BOARD OF DIRECTORS: AXEL P. LEHMANN	Management	For	For
7AG	RE-ELECTION OF MEMBER OF THE BOARD OF DIRECTORS: WILLIAM G. PARRETT	Management	For	For
7AH	RE-ELECTION OF MEMBER OF THE BOARD OF DIRECTORS: ISABELLE ROMY	Management	For	For
7AI	RE-ELECTION OF MEMBER OF THE BOARD OF DIRECTORS: BEATRICE WEDER DI MAURO	Management	For	For
7AJ	RE-ELECTION OF MEMBER OF THE BOARD OF DIRECTORS: JOSEPH YAM	Management	For	For
7B	ELECTION OF A NEW MEMBER TO THE BOARD OF DIRECTORS: JES STALEY	Management	For	For

Salient Global Equity Fund

7C1	ELECTION OF MEMBER OF THE HUMAN RESOURCES AND COMPENSATION COMMITTEE: ANN F. GODBEHERE	Management	For	For
7C2	ELECTION OF MEMBER OF THE HUMAN RESOURCES AND COMPENSATION COMMITTEE: MICHEL DEMARE	Management	For	For
7C3	ELECTION OF MEMBER OF THE HUMAN RESOURCES AND COMPENSATION COMMITTEE: RETO FRANCIONI	Management	For	For
7C4	ELECTION OF MEMBER OF THE HUMAN RESOURCES AND COMPENSATION COMMITTEE: JES STALEY	Management	For	For
8	APPROVAL OF THE MAXIMUM AGGREGATE AMOUNT OF COMPENSATION FOR THE MEMBERS OF THE BOARD OF DIRECTORS FROM THE 2015 ANNUAL GENERAL MEETING TO THE 2016 ANNUAL GENERAL MEETING	Management	For	For
9A	RE-ELECTION OF THE INDEPENDENT PROXY, ADB ALTORFER DUSS & BEILSTEIN AG, ZURICH	Management	For	For
9B	RE-ELECTION OF THE AUDITORS, ERNST & YOUNG LTD, BASEL	Management	For	For
9C	RE-ELECTION OF THE SPECIAL AUDITORS, BDO AG, ZURICH	Management	For	For
10	APPROVAL OF NEW ARTICLE 2 PARA. 4 OF THE UBS AG ARTICLES OF ASSOCIATION	Management	For	For
11	VOTING INSTRUCTIONS IN CASE OF AD-HOC MOTIONS: IN THE EVENT, A REQUEST FOR THE INCLUSION OF ANY ADDITIONAL OR AMENDED ITEMS IS SUBMITTED TO THE GENERAL MEETING. I/WE INSTRUCT MY/OUR PROXY TO ACT AS FOLLOWS WITH REGARD TO SUCH ADDITIONAL OR AMENDED ITEMS: VOTE IN ACCORDANCE WITH THE PROPOSAL OF THE BOARD OF DIRECTORS IN CASE OF AN AD-HOC MOTION, VOTE AGAINST THE PROPOSAL IN CASE OF AN AD-HOC MOTION, ABSTAIN IN CASE OF AN AD-HOC MOTION	Management	Abstain

Salient Global Equity Fund

UNITED PARCEL SERVICE, INC.
Security	911312106	Meeting Type	Annual
Ticker Symbol	UPS	Meeting Date	07-May-2015
ISIN	US9113121068	Agenda	934142871 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1A.	ELECTION OF DIRECTOR: DAVID P. ABNEY	Management	For	For
1B.	ELECTION OF DIRECTOR: RODNEY C. ADKINS	Management	For	For
1C.	ELECTION OF DIRECTOR: MICHAEL J. BURNS	Management	For	For
1D.	ELECTION OF DIRECTOR: D. SCOTT DAVIS	Management	For	For
1E.	ELECTION OF DIRECTOR: WILLIAM R. JOHNSON	Management	For	For
1F.	ELECTION OF DIRECTOR: CANDACE KENDLE	Management	For	For
1G.	ELECTION OF DIRECTOR: ANN M. LIVERMORE	Management	For	For
1H.	ELECTION OF DIRECTOR: RUDY H.P. MARKHAM	Management	For	For
1I.	ELECTION OF DIRECTOR: CLARK T. RANDT, JR.	Management	For	For
1J.	ELECTION OF DIRECTOR: JOHN T. STANKEY	Management	For	For
1K.	ELECTION OF DIRECTOR: CAROL B. TOME	Management	For	For
1L.	ELECTION OF DIRECTOR: KEVIN M. WARSH	Management	For	For
2.	TO APPROVE THE 2015 OMNIBUS INCENTIVE COMPENSATION PLAN.	Management	For	For
3.	TO RATIFY THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS UPS’S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE YEAR ENDING DECEMBER 31, 2015.	Management	For	For
4.	SHAREOWNER PROPOSAL ON LOBBYING DISCLOSURE.	Shareholder	Against	For
5.	SHAREOWNER PROPOSAL TO REDUCE THE VOTING POWER OF CLASS A STOCK FROM 10 VOTES PER SHARE TO ONE VOTE PER SHARE.	Shareholder	For	Against
6.	SHAREOWNER PROPOSAL REGARDING TAX GROSS-UPS PAYMENTS TO SENIOR EXECUTIVES.	Shareholder	For	Against

Salient Global Equity Fund

VERIZON COMMUNICATIONS INC.
Security	92343V104	Meeting Type	Annual
Ticker Symbol	VZ	Meeting Date	07-May-2015
ISIN	US92343V1044	Agenda	934144318 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1A.	ELECTION OF DIRECTOR: SHELLYE L. ARCHAMBEAU	Management	For	For
1B.	ELECTION OF DIRECTOR: MARK T. BERTOLINI	Management	For	For
1C.	ELECTION OF DIRECTOR: RICHARD L. CARRION	Management	For	For
1D.	ELECTION OF DIRECTOR: MELANIE L. HEALEY	Management	For	For
1E.	ELECTION OF DIRECTOR: M. FRANCES KEETH	Management	For	For
1F.	ELECTION OF DIRECTOR: LOWELL C. MCADAM	Management	For	For
1G.	ELECTION OF DIRECTOR: DONALD T. NICOLAISEN	Management	For	For
1H.	ELECTION OF DIRECTOR: CLARENCE OTIS, JR.	Management	For	For
1I.	ELECTION OF DIRECTOR: RODNEY E. SLATER	Management	For	For
1J.	ELECTION OF DIRECTOR: KATHRYN A. TESIJA	Management	For	For
1K.	ELECTION OF DIRECTOR: GREGORY D. WASSON	Management	For	For
2.	RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM	Management	For	For
3.	ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION	Management	For	For
4.	NETWORK NEUTRALITY REPORT	Shareholder	Against	For
5.	POLITICAL SPENDING REPORT	Shareholder	Against	For
6.	SEVERANCE APPROVAL POLICY	Shareholder	Against	For
7.	STOCK RETENTION POLICY	Shareholder	Against	For
8.	SHAREHOLDER ACTION BY WRITTEN CONSENT	Shareholder	For	Against

Salient Global Equity Fund

ANADARKO PETROLEUM CORPORATION
Security	032511107	Meeting Type	Annual
Ticker Symbol	APC	Meeting Date	12-May-2015
ISIN	US0325111070	Agenda	934157959 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1A.	ELECTION OF DIRECTOR: ANTHONY R. CHASE	Management	For	For
1B.	ELECTION OF DIRECTOR KEVIN P. CHILTON	Management	For	For
1C.	ELECTION OF DIRECTOR: H. PAULETT EBERHART	Management	For	For
1D.	ELECTION OF DIRECTOR: PETER J. FLUOR	Management	For	For
1E.	ELECTION OF DIRECTOR: RICHARD L. GEORGE	Management	For	For
1F.	ELECTION OF DIRECTOR: JOSEPH W. GORDER	Management	For	For
1G.	ELECTION OF DIRECTOR: JOHN R. GORDON	Management	For	For
1H.	ELECTION OF DIRECTOR: MARK C. MCKINLEY	Management	For	For
1I.	ELECTION OF DIRECTOR: ERIC D. MULLINS	Management	For	For
1J.	ELECTION OF DIRECTOR: R.A. WALKER	Management	For	For
2.	RATIFICATION OF APPOINTMENT OF KPMG LLP AS INDEPENDENT AUDITOR.	Management	For	For
3.	ADVISORY VOTE TO APPROVE NAMED EXECUTIVE OFFICER COMPENSATION.	Management	Against	Against
4.	STOCKHOLDER PROPOSAL - PROXY ACCESS.	Shareholder	For	Against
5.	STOCKHOLDER PROPOSAL - REPORT ON CARBON RISK.	Shareholder	Against	For

Salient Global Equity Fund

POTASH CORPORATION OF SASKATCHEWAN INC.
Security	73755L107	Meeting Type	Annual and Special Meeting
Ticker Symbol	POT	Meeting Date	12-May-2015
ISIN	CA73755L1076	Agenda	934147504 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
01	DIRECTOR	Management
	1       C.M. BURLEY		For	For
	2       D.G. CHYNOWETH		For	For
	3       J.W. ESTEY		For	For
	4       G.W. GRANDEY		For	For
	5       C.S. HOFFMAN		For	For
	6       A.D. LABERGE		For	For
	7       C.E. MADERE		For	For
	8       K.G. MARTELL		For	For
	9       J.J. MCCAIG		For	For
	10     J.E. TILK		For	For
	11     E. VIYELLA DE PALIZA		For	For
02	THE APPOINTMENT OF DELOITTE LLP AS AUDITORS OF THE CORPORATION.	Management	For	For
03	THE RESOLUTION (INCLUDED IN THE ACCOMPANYING MANAGEMENT PROXY CIRCULAR) APPROVING THE ADOPTION OF A NEW PERFORMANCE OPTION PLAN, THE FULL TEXT OF WHICH IS ATTACHED AS APPENDIX B TO THE ACCOMPANYING MANAGEMENT PROXY CIRCULAR.	Management	For	For
04	THE ADVISORY RESOLUTION ACCEPTING THE CORPORATION’S APPROACH TO EXECUTIVE COMPENSATION DISCLOSED IN THE ACCOMPANYING MANAGEMENT PROXY CIRCULAR.	Management	For	For
05	THE RESOLUTION (INCLUDED IN THE ACCOMPANYING MANAGEMENT PROXY CIRCULAR) CONFIRMING AMENDMENTS TO THE CORPORATION’S GENERAL BY-LAW.	Management	For	For
06	THE SHAREHOLDER PROPOSAL (ATTACHED AS APPENDIX D TO THE ACCOMPANYING MANAGEMENT PROXY CIRCULAR).	Shareholder	Against	For

Salient Global Equity Fund

UNICREDIT SPA, ROMA
Security	T960AS101	Meeting Type	MIX
Ticker Symbol		Meeting Date	13-May-2015
ISIN	IT0004781412	Agenda	706075240 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
CMMT	PLEASE NOTE THAT THIS IS AN AMENDMENT TO MEETING ID 452688 DUE TO RECEIPT OF A-DDITIONAL RESOLUTION AND CHANGE IN VOTING STATUS OF RESOLUTIONS O.4.1 TO O43.2-. ALL VOTES RECEIVED ON THE PREVIOUS MEETING WILL BE DISREGARDED AND YOU WILL- NEED TO REINSTRUCT ON THIS MEETING NOTICE. THANK YOU.	Non-Voting
O.1	TO APPROVE UNICREDIT S.P.A’S BALANCE SHEET AS OF 31 DECEMBER 2014, WITH BOARD OF DIRECTORS’ REPORT ON MANAGEMENT ACTIVITY, INTERNAL AND EXTERNAL AUDITORS’ REPORTS. TO PRESENT THE CONSOLIDATED BALANCE SHEET	Management	For	For
O.2	PROFIT ALLOCATION RELATED TO FINANCIAL YEAR 2014	Management	For	For
O.3	TO DISTRIBUTE A DIVIDEND FROM PROFIT RESERVES IN THE FORM OF A SCRIP DIVIDEND	Management	For	For
O.4.1	SHAREHOLDER PROPOSALS SUBMITTED BY ALLIANZ SPA, AABAR LUXEMBOURG SARL, FONDAZIONE CASSA DI RISPARMIO DI TORINO, CARIMONTE HOLDING SPA, FINCAL SPA, AND COFIMAR SRL: FIX NUMBER OF DIRECTORS	Shareholder	For	Against
O.4.2	SHAREHOLDER PROPOSALS SUBMITTED BY ALLIANZ SPA, AABAR LUXEMBOURG SARL, FONDAZIONE CASSA DI RISPARMIO DI TORINO, CARIMONTE HOLDING SPA, FINCAL SPA, AND COFIMAR SRL: FIX BOARD TERMS FOR DIRECTORS	Shareholder	For	Against
CMMT	PLEASE NOTE THAT ALTHOUGH THERE ARE 2 SLATES TO BE ELECTED AS DIRECTORS, THERE-IS ONLY 1 VACANCY AVAILABLE TO BE FILLED AT THE MEETING. THE STANDING INSTRUC-TIONS FOR THIS MEETING WILL BE DISABLED AND, IF YOU CHOOSE, YOU ARE REQUIRED T-O VOTE FOR ONLY 1 OF THE 2 SLATES. THANK YOU.	Non-Voting
O43.1	APPOINT DIRECTORS: LIST PRESENTED BY ALLIANZ S.P.A., AABAR LUXEMBOURG S.A.R.L., FONDAZIONE CASSA DI RISPARMIO DI TORINO, CARIMONTE HOLDING S.P.A., FINCAL S.P.A. AND COFIMAR S.R.L. REPRESENTING THE 4.987PCT OF THE COMPANY STOCK CAPITAL: -MOHAMED AHMED BADAWY AL HUSSEINY -MANFRED BISCHOFF -CESARE BISONI -HENRYKA BOCHNIARZ -VINCENZO CALANDRA BUONAURA -ALESSANDRO CALTAGIRONE -	Shareholder

Salient Global Equity Fund

	LUCA CORDERO DI MONTEZEMOLO -FEDERICO GHIZZONI -HELGA JUNG -FABRIZIO PALENZONA -CLARA STREIT -PAOLA VEZZANI -GIUSEPPE VITA -ALEXANDER WOLFGRING -ANTHONY WYAND -ELENA ZAMBON -BENEDETTA NAVARRA
O43.2	APPOINT DIRECTORS: LIST PRESENTED BY ALETTI GESTIELLE SGR S.P.A., ANIMA SGR S.P.A., APG ASSET MANAGEMENT N.V, ARCA S.G.R. S.P.A., ERSEL ASSET MANAGEMENT SGR S.P.A., EURIZON CAPITAL S.G.R. S.P.A., EURIZON CAPITAL SA, FIL INVESTMENTS INTERNATIONAL, FIDEURAM LNVESTIMENTI SGR, FIDEURAM ASSET MANAGEMENT, INTERFUND SICAV, LEGAL & GENERAL INVESTMENT MANAGEMENT LIMITED-LEGAL & GENERAL ASSURANCE LIMITED; MEDIOLANUM GESTIONE FONDI SGR SPA, MEDIOLANUM INTERNATIONAL FUNDS- CHALLENGE FUNDS-CHALLENGE ITALIAN EQUITY; PIONEER INVESTMENT MANAGEMENT SGRPA, PIONEER ASSET MANAGEMENT SA AND UBI PRAMERICA SGR S.P.A. REPRESENTING THE 1.91PCT OF THE COMPANY STOCK CAPITAL: -LUCREZIA REICHLIN	Shareholder	For	Against
O.5	AUTHORIZATION FOR COMPETING ACTIVITIES AS PER ART. 2390 OF CIVIL CODE	Management	Against	Against
O.6	TO STATE AS PER ART. 26 OF THE COMPANY BYLAWS, THE DIRECTORS’ EMOLUMENT DUE TO THEIR ACTIVITIES WITHIN THE BOARD OF DIRECTORS, THE BOARD COMMITTEES AND OTHER BODIES IN EXISTENCE WITHIN THE COMPANY	Management	For	For
O.7	GROUP COMPENSATION POLICY 2015	Management	For	For
O.8	GROUP INCENTIVE SYSTEM 2015	Management	For	For
O.9	LONG TERM INCENTIVE PLAN FOR UNICREDIT TOP MANAGEMENT	Management	For	For
O.10	GROUP POLICY ON TERMINATION PAYMENTS	Management	Against	Against
O.11	UNICREDIT GROUP EMPLOYEE SHARE OWNERSHIP PLAN 2015 (PLAN ‘LET’S SHARE FOR 2016’)	Management	For	For
O.12	SHAREHOLDER PROPOSAL SUBMITTED BY ALLIANZ SPA, AABAR LUXEMBOURG SARL, FONDAZIONE CASSA DI RISPARMIO DI TORINO, AND FINCAL SPA: ELECT ANGELO ROCCO BONISSONI AS INTERNAL AUDITOR	Shareholder	For	Against
E.1	STOCK CAPITAL INCREASE FREE OF PAYMENT AS PER ART. 2442 OF CIVIL CODE TO SERVICE THE PAYMENT OF A DIVIDEND FROM PROFIT RESERVES IN THE FORM OF A SCRIP DIVIDEND, TO BE IMPLEMENTED THROUGH THE ISSUE OF ORDINARY SHARES AND SAVINGS SHARES TO BE	Management	For	For

Salient Global Equity Fund

	ASSIGNED, RESPECTIVELY, TO THE HOLDERS OF ORDINARY SHARES AND THE HOLDERS OF SAVINGS SHARES OF THE COMPANY, WITHOUT PREJUDICE TO THE RIGHT TO ASK THAT THE DIVIDEND BE PAID IN CASH AND CONSEQUENTIAL AMENDMENTS OF THE COMPANY BYLAWS
E.2	TO AMEND ART. 6 (STOCK CAPITAL), 8 (SHAREHOLDERS’ MEETINGS), 20, 23 (BOARD OF DIRECTORS) AND 30 (INTERNAL AUDITORS) OF THE OF THE COMPANY BYLAWS	Management	For	For
E.3	GRANTING OF POWERS TO THE BOARD OF DIRECTORS, AS PER ART. 2443 OF CIVIL CODE OF THE AUTHORITY TO RESOLVE, IN 2020, A FREE STOCK CAPITAL INCREASE, AS PER ART. 2349 OF CIVIL CODE, FOR A MAXIMUM AMOUNT OF EUR 32,239,804.21 CORRESPONDING TO UP TO 9,500,000 UNICREDIT ORDINARY SHARES TO BE GRANTED TO THE PERSONNEL OF THE HOLDING COMPANY AND OF GROUP BANKS AND COMPANIES, IN ORDER TO COMPLETE THE EXECUTION OF THE 2014 GROUP INCENTIVE SYSTEM; CONSEQUENTIAL AMENDMENTS OF THE COMPANY BYLAWS	Management	For	For
E.4	GRANTING OF POWERS TO THE BOARD OF DIRECTORS, AS PER ART. 2443 OF CIVIL CODE OF THE AUTHORITY TO RESOLVE, ON ONE OR MORE INSTALLMENTS AND FOR A MAXIMUM PERIOD OF FIVE YEARS STARTING FROM THE DATE OF THE SHAREHOLDERS’ RESOLUTION, A FREE STOCK CAPITAL INCREASE, AS PER ART. 2349 OF CIVIL CODE, FOR A MAXIMUM AMOUNT OF EUR 100,075,594.87 CORRESPONDING TO UP TO NO. 29,490,000 UNICREDIT ORDINARY SHARES TO BE GRANTED TO THE PERSONNEL OF THE HOLDING COMPANY AND OF GROUP BANKS AND COMPANIES IN EXECUTION OF THE 2015 GROUP INCENTIVE SYSTEM; CONSEQUENTIAL AMENDMENTS OF THE COMPANY BYLAWS	Management	For	For

Salient Global Equity Fund

ROYAL DUTCH SHELL PLC
Security	780259206	Meeting Type	Annual
Ticker Symbol	RDSA	Meeting Date	19-May-2015
ISIN	US7802592060	Agenda	934193020 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1.	RECEIPT OF ANNUAL REPORT & ACCOUNTS	Management	For	For
2.	APPROVAL OF DIRECTORS’ REMUNERATION REPORT	Management	For	For
3.	REAPPOINTMENT AS A DIRECTOR OF THE COMPANY: BEN VAN BEURDEN	Management	For	For
4.	REAPPOINTMENT AS A DIRECTOR OF THE COMPANY: GUY ELLIOTT	Management	For	For
5.	REAPPOINTMENT AS A DIRECTOR OF THE COMPANY: EULEEN GOH	Management	For	For
6.	REAPPOINTMENT AS A DIRECTOR OF THE COMPANY: SIMON HENRY	Management	For	For
7.	REAPPOINTMENT AS A DIRECTOR OF THE COMPANY: CHARLES O. HOLLIDAY	Management	For	For
8.	REAPPOINTMENT AS A DIRECTOR OF THE COMPANY: GERARD KLEISTERLEE	Management	For	For
9.	REAPPOINTMENT AS A DIRECTOR OF THE COMPANY: SIR NIGEL SHEINWALD	Management	For	For
10.	REAPPOINTMENT AS A DIRECTOR OF THE COMPANY: LINDA G. STUNTZ	Management	For	For
11.	REAPPOINTMENT AS A DIRECTOR OF THE COMPANY: HANS WIJERS	Management	For	For
12.	REAPPOINTMENT AS A DIRECTOR OF THE COMPANY: PATRICIA A. WOERTZ	Management	For	For
13.	REAPPOINTMENT AS A DIRECTOR OF THE COMPANY: GERRIT ZALM	Management	For	For
14.	REAPPOINTMENT OF AUDITOR	Management	For	For
15.	REMUNERATION OF AUDITOR	Management	For	For
16.	AUTHORITY TO ALLOT SHARES	Management	For	For
17.	DISAPPLICATION OF PRE-EMPTION RIGHTS	Management	For	For
18.	AUTHORITY TO PURCHASE OWN SHARES	Management	For	For
19.	AUTHORITY FOR SCRIP DIVIDEND SCHEME	Management	For	For
20.	AUTHORITY FOR CERTAIN DONATIONS AND EXPENDITURE	Management	For	For
21.	SHAREHOLDER RESOLUTION	Management	For	For

Salient Global Equity Fund

SOUTHWESTERN ENERGY COMPANY
Security	845467109	Meeting Type	Annual
Ticker Symbol	SWN	Meeting Date	19-May-2015
ISIN	US8454671095	Agenda	934172189 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1.1	ELECTION OF DIRECTOR: JOHN D. GASS	Management	For	For
1.2	ELECTION OF DIRECTOR: CATHERINE A. KEHR	Management	For	For
1.3	ELECTION OF DIRECTOR: GREG D. KERLEY	Management	For	For
1.4	ELECTION OF DIRECTOR: VELLO A. KUUSKRAA	Management	For	For
1.5	ELECTION OF DIRECTOR: KENNETH R. MOURTON	Management	For	For
1.6	ELECTION OF DIRECTOR: STEVEN L. MUELLER	Management	For	For
1.7	ELECTION OF DIRECTOR: ELLIOTT PEW	Management	For	For
1.8	ELECTION OF DIRECTOR: TERRY W. RATHERT	Management	For	For
1.9	ELECTION OF DIRECTOR: ALAN H. STEVENS	Management	For	For
2.	PROPOSAL TO RATIFY INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2015.	Management	For	For
3.	ADVISORY VOTE TO APPROVE OUR EXECUTIVE COMPENSATION.	Management	For	For
4.	PROPOSAL FROM STOCKHOLDER REGARDING SPECIAL MEETINGS.	Shareholder	Against	For
5.	PROPOSAL FROM STOCKHOLDER REGARDING PROXY ACCESS.	Shareholder	For	Against

Salient Global Equity Fund

FISERV, INC.
Security	337738108	Meeting Type	Annual
Ticker Symbol	FISV	Meeting Date	20-May-2015
ISIN	US3377381088	Agenda	934167811 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1.	DIRECTOR	Management
	1       ALISON DAVIS		For	For
	2       CHRISTOPHER M. FLINK		For	For
	3       DANIEL P. KEARNEY		For	For
	4       DENNIS F. LYNCH		For	For
	5       DENIS J. O’LEARY		For	For
	6       GLENN M. RENWICK		For	For
	7       KIM M. ROBAK		For	For
	8       DOYLE R. SIMONS		For	For
	9       THOMAS C. WERTHEIMER		For	For
	10     JEFFERY W. YABUKI		For	For
2.	TO APPROVE, ON AN ADVISORY BASIS, THE COMPENSATION OF THE NAMED EXECUTIVE OFFICERS OF FISERV, INC.	Management	For	For
3.	TO RATIFY THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM OF FISERV, INC. FOR 2015.	Management	For	For
4.	A SHAREHOLDER PROPOSAL RELATING TO EXECUTIVE RETENTION OF STOCK.	Shareholder	Against	For

Salient Global Equity Fund

ROSS STORES, INC.
Security	778296103	Meeting Type	Annual
Ticker Symbol	ROST	Meeting Date	20-May-2015
ISIN	US7782961038	Agenda	934164841 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1A)	ELECTION OF DIRECTOR: MICHAEL BALMUTH	Management	For	For
1B)	ELECTION OF DIRECTOR: K. GUNNAR BJORKLUND	Management	For	For
1C)	ELECTION OF DIRECTOR: MICHAEL J. BUSH	Management	For	For
1D)	ELECTION OF DIRECTOR: NORMAN A. FERBER	Management	For	For
1E)	ELECTION OF DIRECTOR: SHARON D. GARRETT	Management	For	For
1F)	ELECTION OF DIRECTOR: STEPHEN D. MILLIGAN	Management	For	For
1G)	ELECTION OF DIRECTOR: GEORGE P. ORBAN	Management	For	For
1H)	ELECTION OF DIRECTOR: MICHAEL O’SULLIVAN	Management	For	For
1I)	ELECTION OF DIRECTOR: LAWRENCE S. PEIROS	Management	For	For
1J)	ELECTION OF DIRECTOR: GREGORY L. QUESNEL	Management	For	For
1K)	ELECTION OF DIRECTOR: BARBARA RENTLER	Management	For	For
2.	TO APPROVE AN AMENDMENT TO THE COMPANY’S CERTIFICATE OF INCORPORATION TO INCREASE THE NUMBER OF AUTHORIZED SHARES OF COMMON STOCK FROM 600,000,000 TO 1,000,000,000 SHARES.	Management	For	For
3.	TO APPROVE AN AMENDMENT TO THE COMPANY’S EMPLOYEE STOCK PURCHASE PLAN (“ESPP”) TO INCREASE THE ESPP’S SHARE RESERVE BY 2,500,000 SHARES.	Management	For	For
4.	ADVISORY VOTE TO APPROVE THE RESOLUTION ON THE COMPENSATION OF THE NAMED EXECUTIVE OFFICERS.	Management	For	For
5.	TO RATIFY THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS THE COMPANY’S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING JANUARY 30, 2016.	Management	For	For

Salient Global Equity Fund

SAP AG
Security	803054204	Meeting Type	Annual
Ticker Symbol	SAP	Meeting Date	20-May-2015
ISIN	US8030542042	Agenda	934199654 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
2.	RESOLUTION ON THE APPROPRIATION OF THE RETAINED EARNINGS OF FISCAL YEAR 2014	Management	For
3.	RESOLUTION ON THE FORMAL APPROVAL OF THE ACTS OF THE EXECUTIVE BOARD IN FISCAL YEAR 2014	Management	For
4.	RESOLUTION ON THE FORMAL APPROVAL OF THE ACTS OF THE SUPERVISORY BOARD IN FISCAL YEAR 2014	Management	Against
5.	APPOINTMENT OF THE AUDITORS OF THE FINANCIAL STATEMENTS AND GROUP ANNUAL FINANCIAL STATEMENTS FOR FISCAL YEAR 2015	Management	For
6A.	RESOLUTION ON THE CANCELLATION OF THE EXISTING AUTHORIZED CAPITAL I AND ON THE CREATION OF NEW AUTHORIZED CAPITAL I, AND ON THE CORRESPONDING AMENDMENT OF SECTION 4(5) OF THE ARTICLES OF INCORPORATION	Management	For
6B.	RESOLUTION ON THE CANCELLATION OF THE EXISTING AUTHORIZED CAPITAL II AND ON THE CREATION OF NEW AUTHORIZED CAPITAL II, AND ON THE CORRESPONDING AMENDMENT OF SECTION 4(6) OF THE ARTICLES OF INCORPORATION	Management	For
7.	RESOLUTION ON THE AMENDMENT OF THE SUPERVISORY BOARD REMUNERATION AND THE CORRESPONDING AMENDMENT OF SECTION 16 OF THE ARTICLES OF INCORPORATION	Management	For

Salient Global Equity Fund

BAYER AG, LEVERKUSEN
Security	D0712D163	Meeting Type	Annual General Meeting
Ticker Symbol		Meeting Date	27-May-2015
ISIN	DE000BAY0017	Agenda	705949343 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
	Please note that by judgement of OLG Cologne rendered on June 6, 2012, any sha-reholder who holds an aggregate total of 3 percent or more of the outstanding-share capital must register under their beneficial owner details before the ap-propriate deadline to be able to vote. Failure to comply with the declaration-requirements as stipulated in section 21 of the Securities Trade Act (WpHG) ma-y prevent the shareholder from voting at the general meetings. Therefore, your-custodian may request that we register beneficial owner data for all voted ac-counts with the respective sub custodian. If you require further information w-hether or not such BO registration will be conducted for your custodians accou-nts, please contact your CSR.	Non-Voting
	The sub-custodian banks optimized their processes and established solutions, w-hich do not require share blocking. Registered shares will be deregistered acc-ording to trading activities or at the deregistration date by the sub custodia-ns. In order to deliver/settle a voted position before the deregistration date-a voting instruction cancellation and de-registration request needs to be se-nt. Please contact your CSR for further information.	Non-Voting
	The Vote/Registration Deadline as displayed on ProxyEdge is subject to change-and will be updated as soon as Broadridge receives confirmation from the sub c-ustodians regarding their instruction deadline. For any queries please contac-t your Client Services Representative.	Non-Voting
	ACCORDING TO GERMAN LAW, IN CASE OF SPECIFIC CONFLICTS OF INTEREST IN CONNECTI-ON WITH SPECIFIC ITEMS OF THE AGENDA FOR THE GENERAL MEETING YOU ARE NOT ENTIT-LED TO EXERCISE YOUR VOTING RIGHTS. FURTHER, YOUR VOTING RIGHT MIGHT BE EXCLUD-ED WHEN YOUR SHARE IN VOTING RIGHTS HAS REACHED CERTAIN THRESHOLDS AND YOU HAV-E NOT COMPLIED WITH ANY OF YOUR MANDATORY VOTING RIGHTS NOTIFICATIONS PURSUANT-TO THE GERMAN SECURITIES TRADING ACT (WHPG). FOR QUESTIONS IN THIS REGARD PLE-ASE CONTACT YOUR CLIENT SERVICE REPRESENTATIVE FOR CLARIFICATION. IF YOU DO NO-T HAVE ANY INDICATION REGARDING SUCH CONFLICT OF INTEREST, OR ANOTHER EXCLUSIO-N FROM VOTING, PLEASE SUBMIT YOUR VOTE AS USUAL. THANK YOU.	Non-Voting

Salient Global Equity Fund

	COUNTER PROPOSALS MAY BE SUBMITTED UNTIL 12.05.2015. FURTHER INFORMATION ON CO-UNTER PROPOSALS CAN BE FOUND DIRECTLY ON THE ISSUER’S WEBSITE (PLEASE REFER TO-THE MATERIAL URL SECTION OF THE APPLICATION). IF YOU WISH TO ACT ON THESE ITE-MS, YOU WILL NEED TO REQUEST A MEETING ATTEND AND VOTE YOUR SHARES DIRECTLY AT-THE COMPANY’S MEETING. COUNTER PROPOSALS CANNOT BE REFLECTED IN THE BALLOT ON-PROXYEDGE.	Non-Voting
1.	Presentation of the adopted annual financial statements 3 and the approved consolidated financial statements, the Combined Management Report, the report of the Supervisory Board, the explanatory report by the Board of Management on takeover-related information, and the proposal by the Board of Management on the use of the distributable profit for the fiscal year 2014, and resolution on the use of the distributable profit	Management	For	For
2.	Ratification of the actions of the members of the Board of Management	Management	For	For
3.	Ratification of the actions of the members of the Supervisory Board	Management	For	For
4.	Supervisory Board election: Prof. Dr. Dr. h.c. mult. Otmar D. Wiestler	Management	For	For
5.	Amendment of the Object of the Company (Section 2, Paragraph 1 of the Articles of Incorporation)	Management	For	For
6.	Election of the auditor of the financial statements and for the review of the half-yearly financial report: PricewaterhouseCoopers Aktiengesellschaft	Management	For	For

Salient Global Equity Fund

INFOSYS LIMITED
Security	456788108	Meeting Type	Annual
Ticker Symbol	INFY	Meeting Date	27-May-2015
ISIN	US4567881085	Agenda	934230486 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
O1.	ORDINARY RESOLUTION FOR INCREASE IN AUTHORIZED SHARE CAPITAL.	Management	For
S2.	SPECIAL RESOLUTION FOR ALTERATION OF CAPITAL CLAUSE OF MEMORANDUM OF ASSOCIATION.	Management	For
S3.	SPECIAL RESOLUTION FOR APPROVAL FOR THE ISSUE OF BONUS SHARES.	Management	For
S4.	SPECIAL RESOLUTION TO TRANSFER BUSINESS OF FINACLE TO EDGEVERVE SYSTEMS LIMITED	Management	For
S5.	SPECIAL RESOLUTION TO TRANSFER BUSINESS OF EDGE SERVICES TO EDGEVERVE SYSTEMS LIMITED.	Management	For

Salient Global Equity Fund

NABORS INDUSTRIES LTD.
Security	G6359F103	Meeting Type	Annual
Ticker Symbol	NBR	Meeting Date	02-Jun-2015
ISIN	BMG6359F1032	Agenda	934198753 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1	DIRECTOR	Management
	1       JAMES R. CRANE		For	For
	2       JOHN P. KOTTS		For	For
	3       MICHAEL C. LINN		For	For
	4       ANTHONY G. PETRELLO		For	For
	5       DAG SKATTUM		For	For
	6       HOWARD WOLF		For	For
	7       JOHN YEARWOOD		For	For
2.	APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT AUDITOR AND AUTHORIZATION OF THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS TO SET THE INDEPENDENT AUDITOR’S REMUNERATION.	Management	For	For
3.	PROPOSAL TO APPROVE AN AMENDMENT OF COMPANY’S BYE-LAWS RELATED TO BROKER NONVOTES.	Management	For	For
4.	ADVISORY VOTE REGARDING THE COMPENSATION PAID TO THE COMPANY’S NAMED EXECUTIVE OFFICERS.	Management	Against	Against
5.	SHAREHOLDER PROPOSAL TO ADOPT A REQUIREMENT THAT SENIOR EXECUTIVES RETAIN 75% OF SHARES.	Shareholder	Against	For
6.	SHAREHOLDER PROPOSAL TO REQUIRE SHAREHOLDER APPROVAL OF SPECIFIC PERFORMANCE METRICS IN EQUITY COMPENSATION PLANS.	Shareholder	Against	For
7.	SHAREHOLDER PROPOSAL REGARDING SUSTAINABILITY REPORTING.	Shareholder	For	Against
8.	SHAREHOLDER PROPOSAL REGARDING PROXY ACCESS.	Shareholder	For	Against
9.	SHAREHOLDER PROPOSAL REGARDING THE VOTE STANDARD FOR DIRECTOR ELECTIONS.	Shareholder	For	Against

Salient Global Equity Fund

CHINA MERCHANTS BANK CO LTD, SHENZHEN
Security	Y14896115	Meeting Type	Annual General Meeting
Ticker Symbol		Meeting Date	19-Jun-2015
ISIN	CNE1000002M1	Agenda	706098882 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
CMMT	PLEASE NOTE IN THE HONG KONG MARKET THAT A VOTE OF “ABSTAIN” WILL BE TREATED-THE SAME AS A “TAKE NO ACTION” VOTE	Non-Voting
CMMT	PLEASE NOTE THAT THE COMPANY NOTICE AND PROXY FORM ARE AVAILABLE BY CLICKING-ON THE URL LINKS:- HTTP://WWW.HKEXNEWS.HK/LISTEDCO/LIST CONEWS/SEHK/2015/0429/LTN20150429550.P DF-AND- HTTP://WWW.HKEXNEWS.HK/LISTEDCO/LIST CONEWS/SEHK/2015/0429/LTN20150429491.P DF	Non-Voting
1	CONSIDER AND APPROVE THE WORK REPORT OF THE BOARD OF DIRECTORS OF THE COMPANY FOR THE YEAR 2014	Management	For	For
2	CONSIDER AND APPROVE THE WORK REPORT OF THE BOARD OF SUPERVISORS OF THE COMPANY FOR THE YEAR 2014	Management	For	For
3	CONSIDER AND APPROVE THE ANNUAL REPORT OF THE COMPANY FOR THE YEAR 2014 (INCLUDING THE AUDITED FINANCIAL REPORT)	Management	For	For
4	CONSIDER AND APPROVE THE AUDITED FINANCIAL STATEMENTS OF THE COMPANY FOR THE YEAR 2014	Management	For	For
5	CONSIDER AND APPROVE THE PROPOSAL REGARDING THE PROFIT APPROPRIATION PLAN FOR THE YEAR 2014 (INCLUDING THE DISTRIBUTION OF FINAL DIVIDEND)	Management	For	For
6	CONSIDER AND APPROVE THE RESOLUTION REGARDING THE APPOINTMENT OF ACCOUNTING FIRM AND ITS REMUNERATION FOR THE YEAR 2015	Management	For	For
7	CONSIDER AND APPROVE THE ASSESSMENT REPORT ON THE DUTY PERFORMANCE OF DIRECTORS FOR THE YEAR 2014	Management	For	For
8	CONSIDER AND APPROVE THE ASSESSMENT REPORT ON THE DUTY PERFORMANCE OF SUPERVISORS FOR THE YEAR 2014	Management	For	For
9	CONSIDER AND APPROVE THE ASSESSMENT REPORT ON THE DUTY PERFORMANCE AND CROSS-EVALUATION OF INDEPENDENT DIRECTORS FOR THE YEAR 2014	Management	For	For
10	CONSIDER AND APPROVE THE ASSESSMENT REPORT ON THE DUTY PERFORMANCE AND CROSS-EVALUATION OF EXTERNAL SUPERVISORS FOR THE YEAR 2014	Management	For	For

Salient Global Equity Fund

11	CONSIDER AND APPROVE THE RELATED PARTY TRANSACTION REPORT FOR THE YEAR 2014	Management	For	For
12	CONSIDER AND APPROVE THE RESOLUTION REGARDING THE EXTENSION OF THE VALIDITY PERIOD FOR THE ISSUANCE OF FINANCIAL BONDS	Management	For	For
13	CONSIDER AND APPROVE THE RESOLUTION REGARDING THE GENERAL MANDATE TO ISSUE NEW SHARES AND/OR DEAL WITH SHARE OPTIONS BY CHINA MERCHANTS BANK CO., LTD	Management	Against	Against
14	CONSIDER AND APPROVE THE RESOLUTION REGARDING CHINA MERCHANTS BANK CO., LTD.‘S COMPLIANCE WITH THE CONDITIONS FOR THE PRIVATE PLACEMENT OF A SHARES TO DESIGNATED PLACEES	Management	For	For
15.1	CONSIDER AND APPROVE (BY ITEM) THE RESOLUTIONS REGARDING THE PRIVATE PLACEMENT OF A SHARES BY CHINA MERCHANTS BANK CO., LTD. TO DESIGNATED PLACEES: CLASS AND NOMINAL VALUE OF THE SHARES TO BE ISSUED	Management	For	For
15.2	CONSIDER AND APPROVE (BY ITEM) THE RESOLUTIONS REGARDING THE PRIVATE PLACEMENT OF A SHARES BY CHINA MERCHANTS BANK CO., LTD. TO DESIGNATED PLACEES: METHOD AND TIME OF THE ISSUE	Management	For	For
15.3	CONSIDER AND APPROVE (BY ITEM) THE RESOLUTIONS REGARDING THE PRIVATE PLACEMENT OF A SHARES BY CHINA MERCHANTS BANK CO., LTD. TO DESIGNATED PLACEES: TARGET OF THE ISSUE AND METHOD OF SUBSCRIPTION	Management	For	For
15.4	CONSIDER AND APPROVE (BY ITEM) THE RESOLUTIONS REGARDING THE PRIVATE PLACEMENT OF A SHARES BY CHINA MERCHANTS BANK CO., LTD. TO DESIGNATED PLACEES: ISSUE PRICE AND THE BASIS FOR PRICING	Management	For	For
15.5	CONSIDER AND APPROVE (BY ITEM) THE RESOLUTIONS REGARDING THE PRIVATE PLACEMENT OF A SHARES BY CHINA MERCHANTS BANK CO., LTD. TO DESIGNATED PLACEES: NUMBER AND AMOUNT OF THE SHARES TO BE ISSUED	Management	For	For
15.6	CONSIDER AND APPROVE (BY ITEM) THE RESOLUTIONS REGARDING THE PRIVATE PLACEMENT OF A SHARES BY CHINA MERCHANTS BANK CO., LTD. TO DESIGNATED PLACEES: LOCK-UP PERIOD	Management	For	For
15.7	CONSIDER AND APPROVE (BY ITEM) THE RESOLUTIONS REGARDING THE PRIVATE PLACEMENT OF A SHARES BY CHINA MERCHANTS BANK CO., LTD. TO DESIGNATED PLACEES: PLACE OF LISTING	Management	For	For
15.8	CONSIDER AND APPROVE (BY ITEM) THE RESOLUTIONS REGARDING THE PRIVATE PLACEMENT OF A SHARES BY CHINA MERCHANTS BANK CO., LTD. TO DESIGNATED PLACEES: USE OF THE PROCEEDS RAISED	Management	For	For

Salient Global Equity Fund

15.9	CONSIDER AND APPROVE (BY ITEM) THE RESOLUTIONS REGARDING THE PRIVATE PLACEMENT OF A SHARES BY CHINA MERCHANTS BANK CO., LTD. TO DESIGNATED PLACEES: ARRANGEMENT OF UNDISTRIBUTABLE PROFIT OF THE COMPANY PRIOR TO THE PRIVATE PLACEMENT	Management	For	For
15.10	CONSIDER AND APPROVE (BY ITEM) THE RESOLUTIONS REGARDING THE PRIVATE PLACEMENT OF A SHARES BY CHINA MERCHANTS BANK CO., LTD. TO DESIGNATED PLACEES: EFFECTIVE PERIOD OF THE SHAREHOLDERS’ RESOLUTIONS	Management	For	For
16	CONSIDER AND APPROVE THE RESOLUTION REGARDING THE 2015 FIRST PHASE EMPLOYEE STOCK OWNERSHIP SCHEME (DRAFT) OF CHINA MERCHANTS BANK CO., LTD. (BY WAY OF SUBSCRIBING A SHARES IN THE PRIVATE PLACEMENT) AND ITS SUMMARY	Management	For	For
17	CONSIDER AND APPROVE THE RESOLUTION REGARDING THE PLAN ON THE PRIVATE PLACEMENT OF A SHARES PROPOSED BY CHINA MERCHANTS BANK CO., LTD	Management	For	For
18	CONSIDER AND APPROVE THE RESOLUTION REGARDING THE CONNECTED TRANSACTION RELATING TO THE PRIVATE PLACEMENT OF A SHARES BY CHINA MERCHANTS BANK CO., LTD	Management	For	For
19	CONSIDER AND APPROVE THE RESOLUTION REGARDING THE FEASIBILITY REPORT ON THE USE OF PROCEEDS FROM THE PRIVATE PLACEMENT OF A SHARES BY CHINA MERCHANTS BANK CO., LTD	Management	For	For
20	CONSIDER AND APPROVE THE RESOLUTION REGARDING THE REPORT OF USE OF PROCEEDS RAISED BY CHINA MERCHANTS BANK CO., LTD. FROM ITS PREVIOUS FUNDRAISING ACTIVITY	Management	For	For
21	CONSIDER AND APPROVE THE RESOLUTION REGARDING THE GENERAL MEETING OF CHINA MERCHANTS BANK CO., LTD. TO CONFER FULL POWERS ON THE BOARD OF DIRECTORS AND THE PERSONS AUTHORIZED BY THE BOARD OF DIRECTORS TO HANDLE THE MATTERS RELATING TO THE PRIVATE PLACEMENT OF A SHARES	Management	For	For
22	CONSIDER AND APPROVE THE RESOLUTION REGARDING THE TERMINATION BY CHINA MERCHANTS BANK CO., LTD. OF ITS H SHARE APPRECIATION RIGHTS SCHEME	Management	For	For
23	CONSIDER AND APPROVE THE RESOLUTION REGARDING THE CONDITIONAL SHARE SUBSCRIPTION AGREEMENT ON PRIVATE PLACEMENT ENTERED INTO BETWEEN THE COMPANY AND THE PLACEES RELATING TO THE PRIVATE PLACEMENT	Management	For	For
24	CONSIDER AND APPROVE THE RESOLUTION REGARDING THE ADOPTION BY CHINA MERCHANTS BANK CO., LTD. OF ITS SHAREHOLDERS’ RETURN PLAN FOR 2015 TO 2017	Management	For	For

Salient Global Equity Fund

25	CONSIDER AND APPROVE THE RESOLUTION REGARDING THE ADOPTION BY CHINA MERCHANTS BANK CO., LTD. OF ITS CAPITAL MANAGEMENT PLAN FOR 2015 TO 2017	Management	For	For
26	CONSIDER AND APPROVE THE RESOLUTION REGARDING THE ANALYSIS ON THE DILUTION OF CURRENT RETURNS CAUSED BY THE PRIVATE PLACEMENT OF A SHARES AND ITS REMEDIAL MEASURES	Management	For	For

Salient Global Equity Fund

CHINA MERCHANTS BANK CO LTD, SHENZHEN
Security	Y14896115	Meeting Type	Class Meeting
Ticker Symbol		Meeting Date	19-Jun-2015
ISIN	CNE1000002M1	Agenda	706105081 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
CMMT	PLEASE NOTE THAT THE COMPANY NOTICE AND PROXY FORM ARE AVAILABLE BY CLICKING-ON THE URL LINKS:- http://www.hkexnews.hk/listedco/listconews/SEHK/2015/0429/LTN20150429491.pdf-http://www.hkexnews.hk/listedco/listconews/SEHK/2015/0429/LTN20150429594.pdf	Non-Voting
1.1	CONSIDER AND APPROVE (BY ITEM) THE RESOLUTIONS REGARDING THE PRIVATE PLACEMENT OF A SHARES BY CHINA MERCHANTS BANK CO., LTD. TO DESIGNATED PLACES: CLASS AND NOMINAL VALUE OF THE SHARES TO BE ISSUED	Management	For	For
1.2	CONSIDER AND APPROVE (BY ITEM) THE RESOLUTIONS REGARDING THE PRIVATE PLACEMENT OF A SHARES BY CHINA MERCHANTS BANK CO., LTD. TO DESIGNATED PLACES: METHOD AND TIME OF THE ISSUE	Management	For	For
1.3	CONSIDER AND APPROVE (BY ITEM) THE RESOLUTIONS REGARDING THE PRIVATE PLACEMENT OF A SHARES BY CHINA MERCHANTS BANK CO., LTD. TO DESIGNATED PLACES: TARGET OF THE ISSUE AND METHOD OF SUBSCRIPTION	Management	For	For
1.4	CONSIDER AND APPROVE (BY ITEM) THE RESOLUTIONS REGARDING THE PRIVATE PLACEMENT OF A SHARES BY CHINA MERCHANTS BANK CO., LTD. TO DESIGNATED PLACES: ISSUE PRICE AND THE BASIS FOR PRICING	Management	For	For
1.5	CONSIDER AND APPROVE (BY ITEM) THE RESOLUTIONS REGARDING THE PRIVATE PLACEMENT OF A SHARES BY CHINA MERCHANTS BANK CO., LTD. TO DESIGNATED PLACES: NUMBER AND AMOUNT OF THE SHARES TO BE ISSUED	Management	For	For
1.6	CONSIDER AND APPROVE (BY ITEM) THE RESOLUTIONS REGARDING THE PRIVATE PLACEMENT OF A SHARES BY CHINA MERCHANTS BANK CO., LTD. TO DESIGNATED PLACES: LOCK-UP PERIOD	Management	For	For
1.7	CONSIDER AND APPROVE (BY ITEM) THE RESOLUTIONS REGARDING THE PRIVATE PLACEMENT OF A SHARES BY CHINA MERCHANTS BANK CO., LTD. TO DESIGNATED PLACES: PLACE OF LISTING	Management	For	For
1.8	CONSIDER AND APPROVE (BY ITEM) THE RESOLUTIONS REGARDING THE PRIVATE PLACEMENT OF A SHARES BY CHINA MERCHANTS BANK CO., LTD. TO DESIGNATED PLACES: USE OF THE PROCEEDS RAISED	Management	For	For

Salient Global Equity Fund

1.9	CONSIDER AND APPROVE (BY ITEM) THE RESOLUTIONS REGARDING THE PRIVATE PLACEMENT OF A SHARES BY CHINA MERCHANTS BANK CO., LTD. TO DESIGNATED PLACES: ARRANGEMENT OF UNDISTRIBUTABLE PROFIT OF THE COMPANY PRIOR TO THE PRIVATE PLACEMENT	Management	For	For
1.10	CONSIDER AND APPROVE (BY ITEM) THE RESOLUTIONS REGARDING THE PRIVATE PLACEMENT OF A SHARES BY CHINA MERCHANTS BANK CO., LTD. TO DESIGNATED PLACES: EFFECTIVE PERIOD OF THE SHAREHOLDERS’ RESOLUTIONS	Management	For	For
2	CONSIDER AND APPROVE THE RESOLUTION REGARDING THE PLAN ON THE PRIVATE PLACEMENT OF A SHARES PROPOSED BY CHINA MERCHANTS BANK CO., LTD	Management	For	For
3	CONSIDER AND APPROVE THE RESOLUTION REGARDING THE GENERAL MEETING OF CHINA MERCHANTS BANK CO., LTD. TO CONFER FULL POWERS ON THE BOARD OF DIRECTORS AND THE PERSONS AUTHORIZED BY THE BOARD OF DIRECTORS TO HANDLE THE MATTERS RELATING TO THE PRIVATE PLACEMENT OF A SHARES	Management	For	For
CMMT	13 MAY 2015: PLEASE NOTE THAT THIS IS A REVISION DUE TO CHANGE IN RECORD DATE.-IF YOU HAVE ALREADY SENT IN YOUR VOTES, PLEASE DO NOT VOTE AGAIN UNLESS YOU D-ECIDE TO AMEND YOUR ORIGINAL INSTRUCTIONS. THANK YOU.	Non-Voting

Salient Global Equity Fund

FUJITSU LIMITED
Security	J15708159	Meeting Type	Annual General Meeting
Ticker Symbol		Meeting Date	22-Jun-2015
ISIN	JP3818000006	Agenda	706205110 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
	Please reference meeting materials.	Non-Voting
1	Amend Articles to: Revise Convenors and Chairpersons of a Shareholders Meeting, Approve Minor Revisions, Adopt an Executive Officer System, Adopt Reduction of Liability System for Non-Executive Directors and Corporate Auditors	Management	For	For
2.1	Appoint a Director Yamamoto, Masami	Management	For	For
2.2	Appoint a Director Fujita, Masami	Management	For	For
2.3	Appoint a Director Taniguchi, Norihiko	Management	For	For
2.4	Appoint a Director Mazuka, Michiyoshi	Management	For	For
2.5	Appoint a Director Furukawa, Tatsuzumi	Management	For	For
2.6	Appoint a Director Suda, Miyako	Management	For	For
2.7	Appoint a Director Yokota, Jun	Management	For	For
2.8	Appoint a Director Tanaka, Tatsuya	Management	For	For
2.9	Appoint a Director Tsukano, Hidehiro	Management	For	For
2.10	Appoint a Director Duncan, Tait	Management	For	For
2.11	Appoint a Director Mukai, Chiaki	Management	For	For
2.12	Appoint a Director Abe, Atsushi	Management	For	For
3	Appoint a Corporate Auditor Hatsukawa, Koji	Management	For	For

Salient Global Equity Fund

INFOSYS LIMITED
Security	456788108	Meeting Type	Annual
Ticker Symbol	INFY	Meeting Date	22-Jun-2015
ISIN	US4567881085	Agenda	934247049 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1.	ADOPTION OF BALANCE SHEET, STATEMENT OF PROFIT AND LOSS, REPORT OF THE BOARD OF DIRECTORS AND AUDITORS FOR THE FINANCIAL YEAR ENDED MARCH 31, 2015	Management	For
2.	APPROVAL OF THE FINAL DIVIDEND FOR THE FINANCIAL YEAR ENDED MARCH 31, 2015 AND TO CONFIRM THE INTERIM DIVIDEND PAID IN OCTOBER 2014	Management	For
3.	TO APPOINT A DIRECTOR IN PLACE OF U.B. PRAVIN RAO, WHO RETIRES BY ROTATION AND, BEING ELIGIBLE, SEEKS RE-APPOINTMENT	Management	For
4.	APPOINTMENT OF BSR & CO. LLP AS THE AUDITORS OF THE COMPANY	Management	For
5.	APPOINTMENT OF ROOPA KUDVA AS AN INDEPENDENT DIRECTOR UP TO FEBRUARY 3, 2020	Management	For
6.	PAYMENT OF COMMISSION TO NON-EXECUTIVE DIRECTORS	Management	For
7.	PURCHASE OF THE HEALTHCARE BUSINESS FROM INFOSYS PUBLIC SERVICES, INC.	Management	For

Salient MLP Fund

ENERGY TRANSFER PARTNERS, L.P.
Security	29273R109	Meeting Type	Special
Ticker Symbol	ETP	Meeting Date	20-Nov-2014
ISIN	US29273R1095	Agenda	934092507 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1	APPROVAL OF THE SECOND AMENDED AND RESTATED ENERGY TRANSFER PARTNERS, L.P. 2008 LONG-TERM INCENTIVE PLAN (AS IT HAS BEEN AMENDED FROM TIME TO TIME, THE “LTIP”), WHICH, AMONG OTHER THINGS, PROVIDES FOR AN INCREASE IN THE MAXIMUM NUMBER OF COMMON UNITS RESERVED AND AVAILABLE FOR DELIVERY WITH RESPECT TO AWARDS UNDER THE LTIP TO 10,000,000 COMMON UNITS (THE “LTIP PROPOSAL”).	Management	For	For
2	APPROVAL OF THE ADJOURNMENT OF THE SPECIAL MEETING TO A LATER DATE OR DATES, IF NECESSARY OR APPROPRIATE, TO SOLICIT ADDITIONAL PROXIES IN THE EVENT THERE ARE NOT SUFFICIENT VOTES AT THE TIME OF THE SPECIAL MEETING TO APPROVE THE LTIP PROPOSAL.	Management	For	For

Salient MLP Fund

OILTANKING PARTNERS L P
Security	678049107	Meeting Type	Special
Ticker Symbol	OILT	Meeting Date	13-Feb-2015
ISIN	US6780491071	Agenda	934117753 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1.	THE APPROVAL OF THE MERGER AGREEMENT.	Management	For	For

Salient MLP Fund

TARGA RESOURCES CORP.
Security	87612G101	Meeting Type	Special
Ticker Symbol	TRGP	Meeting Date	20-Feb-2015
ISIN	US87612G1013	Agenda	934121928 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1.	TO CONSIDER AND VOTE UPON A PROPOSAL TO APPROVE THE ISSUANCE OF SHARES OF COMMON STOCK OF TARGA RESOURCES CORP. (“TRC”) IN CONNECTION WITH THE MERGER CONTEMPLATED BY THE AGREEMENT AND PLAN OF MERGER, DATED AS OF OCTOBER 13, 2014, BY AND AMONG TRC, TRIDENT GP MERGER SUB LLC, ATLAS ENERGY, L.P. AND ATLAS ENERGY ... (DUE TO SPACE LIMITS, SEE PROXY STATEMENT FOR FULL PROPOSAL)	Management	For	For
2.	TO APPROVE ONE OR MORE ADJOURNMENTS OF THE SPECIAL MEETING IF NECESSARY OR APPROPRIATE TO SOLICIT ADDITIONAL PROXIES IF THERE ARE NOT SUFFICIENT VOTES TO APPROVE THE TRC STOCK ISSUANCE PROPOSAL.	Management	For	For

Salient MLP Fund

MAGELLAN MIDSTREAM PARTNERS,L.P.
Security	559080106	Meeting Type	Annual
Ticker Symbol	MMP	Meeting Date	23-Apr-2015
ISIN	US5590801065	Agenda	934133086 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1.	DIRECTOR	Management
	1       ROBERT G. CROYLE		For	For
	2       STACY P. METHVIN		For	For
	3       BARRY R. PEARL		For	For
2.	ADVISORY RESOLUTION TO APPROVE EXECUTIVE COMPENSATION	Management	For	For
3.	RATIFICATION OF APPOINTMENT OF INDEPENDENT AUDITOR	Management	For	For

Salient MLP Fund

REGENCY ENERGY PARTNERS
Security	75885Y107	Meeting Type	Special
Ticker Symbol	RGP	Meeting Date	28-Apr-2015
ISIN	US75885Y1073	Agenda	934161869 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1.	TO CONSIDER AND VOTE ON A PROPOSAL TO ADOPT THE AGREEMENT AND PLAN OF MERGER, DATED AS OF JANUARY 25, 2015, AS AMENDED BY AMENDMENT NO. 1 THERETO, DATED AS OF FEBRUARY 18, 2015, BY AND AMONG ENERGY TRANSFER PARTNERS, L.P., ENERGY TRANSFER PARTNERS GP, L.P., THE GENERAL PARTNER OF ETP, RENDEZVOUS I LLC, .. (DUE TO SPACE LIMITS, SEE PROXY STATEMENT FOR FULL PROPOSAL).	Management	For	For
2.	TO CONSIDER AND VOTE ON A PROPOSAL TO APPROVE THE ADJOURNMENT OF THE SPECIAL MEETING, IF NECESSARY TO SOLICIT ADDITIONAL PROXIES IF THERE ARE NOT SUFFICIENT VOTES TO ADOPT THE MERGER AGREEMENT AT THE TIME OF THE SPECIAL MEETING.	Management	For	For
3.	TO CONSIDER AND VOTE ON A PROPOSAL TO APPROVE, ON AN ADVISORY (NON-BINDING) BASIS, THE PAYMENTS THAT WILL OR MAY BE PAID BY REGENCY TO ITS NAMED EXECUTIVE OFFICERS IN CONNECTION WITH THE MERGER.	Management	For	For

Salient MLP Fund

TARGA RESOURCES CORP.
Security	87612G101	Meeting Type	Annual
Ticker Symbol	TRGP	Meeting Date	18-May-2015
ISIN	US87612G1013	Agenda	934156399 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1	DIRECTOR	Management
	1       JOE BOB PERKINS		For	For
	2       ERSHEL C. REDD, JR.		For	For
2	RATIFICATION OF THE SELECTION OF INDEPENDENT AUDITORS.	Management	For	For
3	A SHAREHOLDER PROPOSAL REGARDING PUBLICATION OF A REPORT ON METHANE EMISSIONS.	Shareholder	Against	For

Salient MLP Fund

ONEOK, INC.
Security	682680103	Meeting Type	Annual
Ticker Symbol	OKE	Meeting Date	20-May-2015
ISIN	US6826801036	Agenda	934172177 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1A.	ELECTION OF DIRECTOR: JAMES C. DAY	Management	For	For
1B.	ELECTION OF DIRECTOR: JULIE H. EDWARDS	Management	For	For
1C.	ELECTION OF DIRECTOR: WILLIAM L. FORD	Management	For	For
1D.	ELECTION OF DIRECTOR: JOHN W. GIBSON	Management	For	For
1E.	ELECTION OF DIRECTOR: STEVEN J. MALCOLM	Management	For	For
1F.	ELECTION OF DIRECTOR: JIM W. MOGG	Management	For	For
1G.	ELECTION OF DIRECTOR: PATTYE L. MOORE	Management	For	For
1H.	ELECTION OF DIRECTOR: GARY D. PARKER	Management	For	For
1I.	ELECTION OF DIRECTOR: EDUARDO A. RODRIGUEZ	Management	For	For
1J.	ELECTION OF DIRECTOR: TERRY K. SPENCER	Management	For	For
2.	RATIFICATION OF THE SELECTION OF PRICEWATERHOUSECOOPERS LLP AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM OF ONEOK, INC. FOR THE YEAR ENDING DECEMBER 31, 2015	Management	For	For
3.	AN ADVISORY VOTE TO APPROVE ONEOK, INC.‘S EXECUTIVE COMPENSATION	Management	For	For

Salient MLP Fund

THE WILLIAMS COMPANIES, INC.
Security	969457100	Meeting Type	Annual
Ticker Symbol	WMB	Meeting Date	21-May-2015
ISIN	US9694571004	Agenda	934182510 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1A.	ELECTION OF DIRECTOR: ALAN S. ARMSTRONG	Management	For	For
1B.	ELECTION OF DIRECTOR: JOSEPH R. CLEVELAND	Management	For	For
1C.	ELECTION OF DIRECTOR: KATHLEEN B. COOPER	Management	For	For
1D.	ELECTION OF DIRECTOR: JOHN A. HAGG	Management	For	For
1E.	ELECTION OF DIRECTOR: JUANITA H. HINSHAW	Management	For	For
1F.	ELECTION OF DIRECTOR: RALPH IZZO	Management	For	For
1G.	ELECTION OF DIRECTOR: FRANK T. MACINNIS	Management	For	For
1H.	ELECTION OF DIRECTOR: ERIC W. MANDELBLATT	Management	For	For
1I.	ELECTION OF DIRECTOR: KEITH A. MEISTER	Management	For	For
1J.	ELECTION OF DIRECTOR: STEVEN W. NANCE	Management	For	For
1K.	ELECTION OF DIRECTOR: MURRAY D. SMITH	Management	For	For
1L.	ELECTION OF DIRECTOR: JANICE D. STONEY	Management	For	For
1M.	ELECTION OF DIRECTOR: LAURA A. SUGG	Management	For	For
2.	RATIFICATION OF ERNST & YOUNG LLP AS AUDITORS FOR 2015.	Management	For	For
3.	APPROVAL, BY NONBINDING ADVISORY VOTE, OF THE COMPANY’S EXECUTIVE COMPENSATION.	Management	For	For

Salient MLP Fund

MARKWEST ENERGY PARTNERS LP
Security	570759100	Meeting Type	Annual
Ticker Symbol	MWE	Meeting Date	03-Jun-2015
ISIN	US5707591005	Agenda	934199274 - Management

Item	Proposal	Proposed by	Vote	For/Against Management
1.	DIRECTOR	Management
	1       FRANK M. SEMPLE		For	For
	2       DONALD D. WOLF		For	For
	3       MICHAEL L. BEATTY		For	For
	4       WILLIAM A BRUCKMANN III		For	For
	5       DONALD C. HEPPERMANN		For	For
	6       RANDALL J. LARSON		For	For
	7       ANNE E. FOX MOUNSEY		For	For
	8       WILLIAM P. NICOLETTI		For	For
2.	RATIFICATION OF DELOITTE & TOUCHE LLP AS THE PARTNERSHIP’S INDEPENDENT REGISTERED PUBLIC ACCOUNTANTS FOR THE FISCAL YEAR ENDING DECEMBER 31, 2015.	Management	For	For

Salient Risk Parity Fund

The Fund did not vote any proxies during the reporting period.

Salient Alternative Beta Fund

The Fund did not vote any proxies during the reporting period.

Salient Trend Fund

The Fund did not vote any proxies during the reporting period.

Salient Broadmark Tactical Plus Fund

The Fund did not vote any proxies during the reporting period.

SIGNATURES

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

Registrant: Salient MF Trust
By:	/s/ John A. Blaisdell
	John A. Blaisdell
	Principal Executive Officer
Date:	August 13, 2015