| AIR PRODUCTS AND CHEMICALS, INC. |
| Security | 009158106 | | | Meeting Type | Annual |
| Ticker Symbol | APD | | | Meeting Date | 22-Jan-2015 | |
| ISIN | US0091581068 | | | Agenda | 934108312 - Management |
| Record Date | 28-Nov-2014 | | | Holding Recon Date | 28-Nov-2014 | |
| City / | Country | | / | United States | | Vote Deadline Date | 21-Jan-2015 | |
| SEDOL(s) | | Quick Code | | |
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| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1A. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1B. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1C. | Election of Directors (Majority Voting) | Management | For | For | | |
| 2. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 3. | 14A Executive Compensation | Management | For | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 686 | 0 | 15-Dec-2014 | 15-Dec-2014 |
| WALGREEN CO. |
| Security | 931422109 | | | Meeting Type | Special |
| Ticker Symbol | WAG | | | Meeting Date | 29-Dec-2014 | |
| ISIN | US9314221097 | | | Agenda | 934105001 - Management |
| Record Date | 17-Nov-2014 | | | Holding Recon Date | 17-Nov-2014 | |
| City / | Country | | / | United States | | Vote Deadline Date | 26-Dec-2014 | |
| SEDOL(s) | | Quick Code | | |
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| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1. | Approve Merger Agreement | Management | For | For | | |
| 2. | Stock Issuance | Management | For | For | | |
| 3. | Approve Motion to Adjourn Meeting | Management | For | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 1,456 | 0 | 15-Dec-2014 | 16-Dec-2014 |
| COVIDIEN PLC |
| Security | G2554F113 | | | Meeting Type | Special |
| Ticker Symbol | COV | | | Meeting Date | 06-Jan-2015 | |
| ISIN | IE00B68SQD29 | | | Agenda | 934104542 - Management |
| Record Date | 18-Nov-2014 | | | Holding Recon Date | 18-Nov-2014 | |
| City / | Country | | / | United States | | Vote Deadline Date | 05-Jan-2015 | |
| SEDOL(s) | | Quick Code | | |
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| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1. | Share Scheme | Management | For | For | | |
| 2. | Miscellaneous Corporate Actions | Management | For | For | | |
| 3. | Allot Securities | Management | For | For | | |
| 4. | Approve Charter Amendment | Management | For | For | | |
| 5. | Miscellaneous Corporate Actions | Management | For | For | | |
| 6. | 14A Executive Compensation | Management | For | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 1,113 | 0 | 22-Dec-2014 | 23-Dec-2014 |
| MEDTRONIC, INC. |
| Security | 585055106 | | | Meeting Type | Special |
| Ticker Symbol | MDT | | | Meeting Date | 06-Jan-2015 | |
| ISIN | US5850551061 | | | Agenda | 934104364 - Management |
| Record Date | 18-Nov-2014 | | | Holding Recon Date | 18-Nov-2014 | |
| City / | Country | | / | United States | | Vote Deadline Date | 05-Jan-2015 | |
| SEDOL(s) | | Quick Code | | |
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| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1. | Approve Merger Agreement | Management | For | For | | |
| 2. | Miscellaneous Corporate Actions | Management | For | For | | |
| 3. | 14A Executive Compensation | Management | For | For | | |
| 4. | Approve Motion to Adjourn Meeting | Management | For | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 1,388 | 0 | 22-Dec-2014 | 23-Dec-2014 |
| COVIDIEN PLC |
| Security | G2554F105 | | | Meeting Type | Special |
| Ticker Symbol | | | | Meeting Date | 06-Jan-2015 | |
| ISIN | | | | Agenda | 934104554 - Management |
| Record Date | 18-Nov-2014 | | | Holding Recon Date | 18-Nov-2014 | |
| City / | Country | | / | United States | | Vote Deadline Date | 05-Jan-2015 | |
| SEDOL(s) | | Quick Code | | |
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| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1. | Share Scheme | Management | For | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 1,113 | 0 | 22-Dec-2014 | 23-Dec-2014 |
| BECTON, DICKINSON AND COMPANY |
| Security | 075887109 | | | Meeting Type | Annual |
| Ticker Symbol | BDX | | | Meeting Date | 27-Jan-2015 | |
| ISIN | US0758871091 | | | Agenda | 934110482 - Management |
| Record Date | 09-Dec-2014 | | | Holding Recon Date | 09-Dec-2014 | |
| City / | Country | | / | United States | | Vote Deadline Date | 26-Jan-2015 | |
| SEDOL(s) | | Quick Code | | |
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| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1A. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1B. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1C. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1D. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1E. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1F. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1G. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1H. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1I. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1J. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1K. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1L. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1M. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1N. | Election of Directors (Majority Voting) | Management | For | For | | |
| 2. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 3. | 14A Executive Compensation | Management | For | For | | |
| 4. | S/H Proposal - Animal Rights | Shareholder | Against | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 728 | 0 | 08-Jan-2015 | 09-Jan-2015 |
| HORMEL FOODS CORPORATION |
| Security | 440452100 | | | Meeting Type | Annual |
| Ticker Symbol | HRL | | | Meeting Date | 27-Jan-2015 | |
| ISIN | US4404521001 | | | Agenda | 934110420 - Management |
| Record Date | 28-Nov-2014 | | | Holding Recon Date | 28-Nov-2014 | |
| City / | Country | | / | United States | | Vote Deadline Date | 26-Jan-2015 | |
| SEDOL(s) | | Quick Code | | |
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| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1. | Election of Directors | Management | | | | |
| | | 1 | GARY C. BHOJWANI | | For | For | | |
| | | 2 | TERRELL K. CREWS | | For | For | | |
| | | 3 | JEFFREY M. ETTINGER | | For | For | | |
| | | 4 | JODY H. FERAGEN | | For | For | | |
| | | 5 | GLENN S. FORBES, M.D. | | For | For | | |
| | | 6 | STEPHEN M. LACY | | For | For | | |
| | | 7 | JOHN L. MORRISON | | For | For | | |
| | | 8 | ELSA A. MURANO, PH.D. | | For | For | | |
| | | 9 | ROBERT C. NAKASONE | | For | For | | |
| | | 10 | SUSAN K. NESTEGARD | | For | For | | |
| | | 11 | DAKOTA A. PIPPINS | | For | For | | |
| | | 12 | C.J. POLICINSKI | | For | For | | |
| | | 13 | SALLY J. SMITH | | For | For | | |
| | | 14 | STEVEN A. WHITE | | For | For | | |
| 2. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 3. | 14A Executive Compensation | Management | For | For | | |
| 4. | S/H Proposal - Corporate Governance | Shareholder | Against | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 1,711 | 0 | 12-Jan-2015 | 12-Jan-2015 |
| ACCENTURE PLC |
| Security | G1151C101 | | | Meeting Type | Annual |
| Ticker Symbol | ACN | | | Meeting Date | 04-Feb-2015 | |
| ISIN | IE00B4BNMY34 | | | Agenda | 934111915 - Management |
| Record Date | 09-Dec-2014 | | | Holding Recon Date | 09-Dec-2014 | |
| City / | Country | | / | United States | | Vote Deadline Date | 03-Feb-2015 | |
| SEDOL(s) | | Quick Code | | |
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| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1A. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1B. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1C. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1D. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1E. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1F. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1G. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1H. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1I. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1J. | Election of Directors (Majority Voting) | Management | Against | Against | | |
| | | Comments-There is a single slate of nominees, the nominees appear qualified, but we recommend that clients "WITHHOLD" votes from Affiliated outside director Wulf Von Schimmelmann (1J), current member of the Nominating/Governance Committee of the Board. We believe that key Board committees namely Audit, Compensation and Nominating/Governance committees should be comprised solely of Independent outside directors for sound corporate governance practice. |
| 1K. | Election of Directors (Majority Voting) | Management | For | For | | |
| 2. | 14A Executive Compensation | Management | For | For | | |
| 3. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 4. | Stock Issuance | Management | For | For | | |
| 5. | Authorize Co to Carry Out Rights Issues/Ltd Issuances w/o Preemptive Rights | Management | For | For | | |
| 6. | Miscellaneous Corporate Actions | Management | For | For | | |
| 7. | Authorize Directors to Repurchase Shares | Management | For | For | | |
| 8. | Miscellaneous Corporate Actions | Management | For | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 1,263 | 0 | 14-Jan-2015 | 14-Jan-2015 |
| EMERSON ELECTRIC CO. |
| Security | 291011104 | | | Meeting Type | Annual |
| Ticker Symbol | EMR | | | Meeting Date | 03-Feb-2015 | |
| ISIN | US2910111044 | | | Agenda | 934110052 - Management |
| Record Date | 25-Nov-2014 | | | Holding Recon Date | 25-Nov-2014 | |
| City / | Country | | / | United States | | Vote Deadline Date | 02-Feb-2015 | |
| SEDOL(s) | | Quick Code | | |
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| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1. | Election of Directors | Management | | | | |
| | | 1 | A.F. GOLDEN* | | For | For | | |
| | | 2 | W.R. JOHNSON* | | For | For | | |
| | | 3 | C. KENDLE* | | For | For | | |
| | | 4 | J.S. TURLEY* | | For | For | | |
| | | 5 | A.A. BUSCH III# | | For | For | | |
| 2. | 14A Executive Compensation | Management | Against | Against | | |
| | | Comments-We note, however, after taking into account both the quantitative and qualitative measures outlined above, we believe that shareholders cannot support the current compensation policies put in place by the Company’s directors. Furthermore, we believe that the Company’s compensation policies and procedures are not effective or strongly aligned with the long-term interest of its shareholders. Therefore, we recommend a vote "AGAINST" this Proposal. |
| 3. | Approve Stock Compensation Plan | Management | For | For | | |
| 4. | Approve Stock Compensation Plan | Management | For | For | | |
| 5. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 6. | S/H Proposal - Environmental | Shareholder | Against | For | | |
| 7. | S/H Proposal - Political/Government | Shareholder | Against | For | | |
| 8. | S/H Proposal - Political/Government | Shareholder | Against | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 1,464 | 0 | 16-Jan-2015 | 17-Jan-2015 |
| VARIAN MEDICAL SYSTEMS, INC. |
| Security | 92220P105 | | | Meeting Type | Annual |
| Ticker Symbol | VAR | | | Meeting Date | 12-Feb-2015 | |
| ISIN | US92220P1057 | | | Agenda | 934113248 - Management |
| Record Date | 15-Dec-2014 | | | Holding Recon Date | 15-Dec-2014 | |
| City / | Country | | / | United States | | Vote Deadline Date | 11-Feb-2015 | |
| SEDOL(s) | | Quick Code | | |
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| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1. | Election of Directors | Management | | | | |
| | | 1 | TIMOTHY E. GUERTIN | | For | For | | |
| | | 2 | DAVID J. ILLINGWORTH | | For | For | | |
| | | 3 | R. NAUMANN-ETIENNE | | For | For | | |
| 2. | 14A Executive Compensation | Management | For | For | | |
| 3. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 915 | 0 | 23-Jan-2015 | 24-Jan-2015 |
| POWERSHARES DB U S DLR |
| Security | 73936D107 | | | Meeting Type | Consent |
| Ticker Symbol | UUP | | | Meeting Date | 19-Feb-2015 | |
| ISIN | US73936D1072 | | | Agenda | 934122021 - Management |
| Record Date | 08-Jan-2015 | | | Holding Recon Date | 08-Jan-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 18-Feb-2015 | |
| SEDOL(s) | | Quick Code | | |
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| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1. | Miscellaneous Corporate Actions | Management | For | For | | |
| 2. | Miscellaneous Corporate Actions | Management | For | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 36,202 | 0 | 05-Feb-2015 | 06-Feb-2015 |
| NOVARTIS AG |
| Security | 66987V109 | | | Meeting Type | Annual |
| Ticker Symbol | NVS | | | Meeting Date | 27-Feb-2015 | |
| ISIN | US66987V1098 | | | Agenda | 934123681 - Management |
| Record Date | 15-Jan-2015 | | | Holding Recon Date | 15-Jan-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 19-Feb-2015 | |
| SEDOL(s) | | Quick Code | | |
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| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1. | Receive Consolidated Financial Statements | Management | For | For | | |
| 2. | Miscellaneous Corporate Actions | Management | For | For | | |
| 3. | Dividends | Management | For | For | | |
| 4. | Amend Articles/Charter to Reflect Changes in Capital | Management | For | For | | |
| 5. | Approve Article Amendments | Management | For | For | | |
| 6A. | Miscellaneous Compensation Plans | Management | For | For | | |
| 6B. | Miscellaneous Compensation Plans | Management | For | For | | |
| 6C. | Miscellaneous Compensation Plans | Management | For | For | | |
| 7A. | Election of Directors (Full Slate) | Management | For | For | | |
| 7B. | Election of Directors (Full Slate) | Management | For | For | | |
| 7C. | Election of Directors (Full Slate) | Management | For | For | | |
| 7D. | Election of Directors (Full Slate) | Management | For | For | | |
| 7E. | Election of Directors (Full Slate) | Management | For | For | | |
| 7F. | Election of Directors (Full Slate) | Management | For | For | | |
| 7G. | Election of Directors (Full Slate) | Management | For | For | | |
| 7H. | Election of Directors (Full Slate) | Management | For | For | | |
| 7I. | Election of Directors (Full Slate) | Management | For | For | | |
| 7J. | Election of Directors (Full Slate) | Management | For | For | | |
| 7K. | Election of Directors (Majority Voting) | Management | For | For | | |
| 8A. | Election of Directors (Full Slate) | Management | For | For | | |
| 8B. | Election of Directors (Full Slate) | Management | For | For | | |
| 8C. | Election of Directors (Full Slate) | Management | For | For | | |
| 8D. | Election of Directors (Full Slate) | Management | For | For | | |
| 9. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 10. | Miscellaneous Corporate Actions | Management | For | For | | |
| 11. | Miscellaneous Corporate Actions | Management | Against | | | |
| | | Comments-We note, however, that approval of this proposal is not in the best interests of the shareholders. Due to insufficient information provided to the shareholders beforehand, approval of this proposal could lead to potential risk of recommending a proposal that will not maximize shareholder value. As such, we recommend a vote "AGAINST" this Resolution. |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 1,111 | 0 | 12-Feb-2015 | 12-Feb-2015 |
| FRANKLIN RESOURCES, INC. |
| Security | 354613101 | | | Meeting Type | Annual |
| Ticker Symbol | BEN | | | Meeting Date | 11-Mar-2015 | |
| ISIN | US3546131018 | | | Agenda | 934119872 - Management |
| Record Date | 14-Jan-2015 | | | Holding Recon Date | 14-Jan-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 10-Mar-2015 | |
| SEDOL(s) | | Quick Code | | |
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| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1A. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1B. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1C. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1D. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1E. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1F. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1G. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1H. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1I. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1J. | Election of Directors (Majority Voting) | Management | For | For | | |
| 2. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 3. | Approve Stock Compensation Plan | Management | For | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 1,717 | 0 | 17-Feb-2015 | 18-Feb-2015 |
| WADDELL & REED FINANCIAL, INC. |
| Security | 930059100 | | | Meeting Type | Annual |
| Ticker Symbol | WDR | | | Meeting Date | 15-Apr-2015 | |
| ISIN | US9300591008 | | | Agenda | 934134646 - Management |
| Record Date | 18-Feb-2015 | | | Holding Recon Date | 18-Feb-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 14-Apr-2015 | |
| SEDOL(s) | | Quick Code | | |
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| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1. | Election of Directors | Management | | | | |
| | | 1 | THOMAS C. GODLASKY | | For | For | | |
| | | 2 | DENNIS E. LOGUE | | For | For | | |
| | | 3 | MICHAEL F. MORRISSEY | | For | For | | |
| 2. | 14A Executive Compensation | Management | Against | Against | | |
| | | Comments-We note, however, after taking into account both the quantitative and qualitative measures outlined above, we believe that shareholders cannot support the current compensation policies put in place by the Company’s directors. Furthermore, we believe that the Company’s compensation policies and procedures are not effective or strongly aligned with the long-term interest of its shareholders. Therefore, we recommend a vote "AGAINST" this Proposal. |
| 3. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 2,068 | 0 | 12-Mar-2015 | 12-Mar-2015 |
| SCHLUMBERGER LIMITED (SCHLUMBERGER N.V.) |
| Security | 806857108 | | | Meeting Type | Annual |
| Ticker Symbol | SLB | | | Meeting Date | 08-Apr-2015 | |
| ISIN | AN8068571086 | | | Agenda | 934127348 - Management |
| Record Date | 11-Feb-2015 | | | Holding Recon Date | 11-Feb-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 07-Apr-2015 | |
| SEDOL(s) | | Quick Code | | |
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| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1A. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1B. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1C. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1D. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1E. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1F. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1G. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1H. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1I. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1J. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1K. | Election of Directors (Majority Voting) | Management | For | For | | |
| 2. | 14A Executive Compensation | Management | Against | Against | | |
| | | Comments-We note, however, after taking into account both the quantitative and qualitative measures outlined above, we believe that shareholders cannot support the current compensation policies put in place by the Company’s directors. Furthermore, we believe that the Company’s compensation policies and procedures are not effective or strongly aligned with the long-term interest of its shareholders. Therefore, we recommend a vote "AGAINST" this Proposal. |
| 3. | Dividends | Management | For | For | | |
| 4. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 961 | 0 | 16-Mar-2015 | 16-Mar-2015 |
| STANLEY BLACK & DECKER, INC. |
| Security | 854502101 | | | Meeting Type | Annual |
| Ticker Symbol | SWK | | | Meeting Date | 16-Apr-2015 | |
| ISIN | US8545021011 | | | Agenda | 934132399 - Management |
| Record Date | 20-Feb-2015 | | | Holding Recon Date | 20-Feb-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 15-Apr-2015 | |
| SEDOL(s) | | Quick Code | | |
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| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1 | Election of Directors | Management | | | | |
| | | 1 | ANDREA J. AYERS | | For | For | | |
| | | 2 | GEORGE W. BUCKLEY | | For | For | | |
| | | 3 | PATRICK D. CAMPBELL | | For | For | | |
| | | 4 | CARLOS M. CARDOSO | | For | For | | |
| | | 5 | ROBERT B. COUTTS | | For | For | | |
| | | 6 | DEBRA A. CREW | | For | For | | |
| | | 7 | BENJAMIN H. GRISWOLD IV | | For | For | | |
| | | 8 | ANTHONY LUISO | | For | For | | |
| | | 9 | JOHN F. LUNDGREN | | For | For | | |
| | | 10 | MARIANNE M. PARRS | | For | For | | |
| | | 11 | ROBERT L. RYAN | | For | For | | |
| 2 | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 3 | 14A Executive Compensation | Management | For | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 1,030 | 0 | 16-Mar-2015 | 17-Mar-2015 |
| PPG INDUSTRIES, INC. |
| Security | 693506107 | | | Meeting Type | Annual |
| Ticker Symbol | PPG | | | Meeting Date | 16-Apr-2015 | |
| ISIN | US6935061076 | | | Agenda | 934130737 - Management |
| Record Date | 20-Feb-2015 | | | Holding Recon Date | 20-Feb-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 15-Apr-2015 | |
| SEDOL(s) | | Quick Code | | |
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| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1 | Election of Directors | Management | | | | |
| | | 1 | CHARLES E. BUNCH | | For | For | | |
| | | 2 | MICHAEL W. LAMACH | | For | For | | |
| | | 3 | MARTIN H. RICHENHAGEN | | Withheld | Against | | |
| | | | Comments: | There is a single slate of nominees, the nominees appear qualified, but we recommend that clients "WITHHOLD" votes from Affiliated outside director Martin H. Richenhagen, current member of the Audit Committee of the Board. We believe that key Board committees namely Audit, Compensation and Nominating committees should be comprised solely of Independent outside directors for sound corporate governance practice. |
| | | 4 | THOMAS J. USHER | | For | For | | |
| 2 | 14A Executive Compensation | Management | For | For | | |
| 3 | Adopt Supermajority Requirements | Management | For | For | | |
| 4 | Ratify Appointment of Independent Auditors | Management | For | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 493 | 0 | 17-Mar-2015 | 18-Mar-2015 |
| JOHNSON & JOHNSON |
| Security | 478160104 | | | Meeting Type | Annual |
| Ticker Symbol | JNJ | | | Meeting Date | 23-Apr-2015 | |
| ISIN | US4781601046 | | | Agenda | 934134761 - Management |
| Record Date | 24-Feb-2015 | | | Holding Recon Date | 24-Feb-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 22-Apr-2015 | |
| SEDOL(s) | | Quick Code | | |
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| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1A. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1B. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1C. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1D. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1E. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1F. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1G. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1H. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1I. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1J. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1K. | Election of Directors (Majority Voting) | Management | For | For | | |
| 2. | 14A Executive Compensation | Management | For | For | | |
| 3. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 4. | S/H Proposal - Corporate Governance | Shareholder | Against | For | | |
| 5. | S/H Proposal - Political/Government | Shareholder | Against | For | | |
| 6. | S/H Proposal - Establish Independent Chairman | Shareholder | For | Against | | |
| | | Comments-We believe that there is an inherent potential conflict, in having an Inside director serve as the Chairman of the board. Consequently, we prefer that companies separate the roles of the Chairman and CEO and that the Chairman be independent to further ensure board independence and accountability. We recommend a vote “FOR” this Proposal. |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 1,348 | 0 | 20-Mar-2015 | 21-Mar-2015 |
| THE SHERWIN-WILLIAMS COMPANY |
| Security | 824348106 | | | Meeting Type | Annual |
| Ticker Symbol | SHW | | | Meeting Date | 15-Apr-2015 | |
| ISIN | US8243481061 | | | Agenda | 934139191 - Management |
| Record Date | 24-Feb-2015 | | | Holding Recon Date | 24-Feb-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 14-Apr-2015 | |
| SEDOL(s) | | Quick Code | | |
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| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1A. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1B. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1C. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1D. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1E. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1F. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1G. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1H. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1I. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1J. | Election of Directors (Majority Voting) | Management | For | For | | |
| 2. | 14A Executive Compensation | Management | For | For | | |
| 3. | Approve Stock Compensation Plan | Management | For | For | | |
| 4. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 1,328 | 0 | 20-Mar-2015 | 21-Mar-2015 |
| T. ROWE PRICE GROUP, INC. |
| Security | 74144T108 | | | Meeting Type | Annual |
| Ticker Symbol | TROW | | | Meeting Date | 23-Apr-2015 | |
| ISIN | US74144T1088 | | | Agenda | 934130749 - Management |
| Record Date | 20-Feb-2015 | | | Holding Recon Date | 20-Feb-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 22-Apr-2015 | |
| SEDOL(s) | | Quick Code | | |
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| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1A. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1B. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1C. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1D. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1E. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1F. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1G. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1H. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1I. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1J. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1K. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1L. | Election of Directors (Majority Voting) | Management | For | For | | |
| 2. | 14A Executive Compensation | Management | For | For | | |
| 3. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 1,383 | 0 | 25-Mar-2015 | 26-Mar-2015 |
| ABBOTT LABORATORIES |
| Security | 002824100 | | | Meeting Type | Annual |
| Ticker Symbol | ABT | | | Meeting Date | 24-Apr-2015 | |
| ISIN | US0028241000 | | | Agenda | 934135977 - Management |
| Record Date | 25-Feb-2015 | | | Holding Recon Date | 25-Feb-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 23-Apr-2015 | |
| SEDOL(s) | | Quick Code | | |
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| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1. | Election of Directors | 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. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 3. | 14A Executive Compensation | Management | For | For | | |
| 4. | S/H Proposal - Environmental | Shareholder | Against | For | | |
| 5. | S/H Proposal - Separate Chairman/Coe | Shareholder | For | Against | | |
| | | Comments-We believe that there is an inherent potential conflict, in having an Inside director serve as the Chairman of the board. Consequently, we prefer that companies separate the roles of the Chairman and CEO and that the Chairman be independent to further ensure board independence and accountability. We recommend a vote “FOR” this Proposal. |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 1,921 | 0 | 25-Mar-2015 | 26-Mar-2015 |
| INTERNATIONAL BUSINESS MACHINES CORP. |
| Security | 459200101 | | | Meeting Type | Annual |
| Ticker Symbol | IBM | | | Meeting Date | 28-Apr-2015 | |
| ISIN | US4592001014 | | | Agenda | 934138113 - Management |
| Record Date | 27-Feb-2015 | | | Holding Recon Date | 27-Feb-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 27-Apr-2015 | |
| SEDOL(s) | | Quick Code | | |
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| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1A. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1B. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1C. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1D. | Election of Directors (Majority Voting) | Management | Against | Against | | |
| | | Comments-There is a single slate of nominees, the nominees appear qualified, but we recommend that clients "WITHHOLD" votes from Affiliated outside director Michael L. Eskew, current member of the Audit Committee of the Board. We believe that key Board committees namely Audit, Compensation and Nominating committees should be comprised solely of Independent outside directors for sound corporate governance practice. |
| 1E. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1F. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1G. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1H. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1I. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1J. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1K. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1L. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1M. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1N. | Election of Directors (Majority Voting) | Management | For | For | | |
| 2. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 3. | 14A Executive Compensation | Management | Against | Against | | |
| | | Comments-We note, however, after taking into account both the quantitative and qualitative measures outlined above, we believe that shareholders cannot support the current compensation policies put in place by the Company’s directors. Furthermore, we believe that the Company’s compensation policies and procedures are not effective or strongly aligned with the long-term interest of its shareholders. Therefore, we recommend a vote "AGAINST" this Proposal. |
| 4. | S/H Proposal - Political/Government | Shareholder | Against | For | | |
| 5. | S/H Proposal - Corporate Governance | Shareholder | Against | For | | |
| 6. | S/H Proposal - Executive Compensation | Shareholder | Against | For | | |
| 7. | S/H Proposal - Corporate Governance | Shareholder | Against | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 663 | 0 | 25-Mar-2015 | 26-Mar-2015 |
| THE CHUBB CORPORATION |
| Security | 171232101 | | | Meeting Type | Annual |
| Ticker Symbol | CB | | | Meeting Date | 28-Apr-2015 | |
| ISIN | US1712321017 | | | Agenda | 934136828 - Management |
| Record Date | 02-Mar-2015 | | | Holding Recon Date | 02-Mar-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 27-Apr-2015 | |
| SEDOL(s) | | Quick Code | | |
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| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1A) | Election of Directors (Majority Voting) | Management | For | For | | |
| 1B) | Election of Directors (Majority Voting) | Management | For | For | | |
| 1C) | Election of Directors (Majority Voting) | Management | For | For | | |
| 1D) | Election of Directors (Majority Voting) | Management | For | For | | |
| 1E) | Election of Directors (Majority Voting) | Management | For | For | | |
| 1F) | Election of Directors (Majority Voting) | Management | For | For | | |
| 1G) | Election of Directors (Majority Voting) | Management | For | For | | |
| 1H) | Election of Directors (Majority Voting) | Management | For | For | | |
| 1I) | Election of Directors (Majority Voting) | Management | For | For | | |
| 1J) | Election of Directors (Majority Voting) | Management | For | For | | |
| 1K) | Election of Directors (Majority Voting) | Management | For | For | | |
| 1L) | Election of Directors (Majority Voting) | Management | For | For | | |
| 1M) | Election of Directors (Majority Voting) | Management | For | For | | |
| 1N) | Election of Directors (Majority Voting) | Management | For | For | | |
| 2. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 3. | 14A Executive Compensation | Management | Against | Against | | |
| | | Comments-We note, however, after taking into account both the quantitative and qualitative measures outlined above, we believe that shareholders cannot support the current compensation policies put in place by the Company’s directors. Furthermore, we believe that the Company’s compensation policies and procedures are not effective or strongly aligned with the long-term interest of its shareholders. Therefore, we recommend a vote "AGAINST" this Proposal. |
| 4. | S/H Proposal - Environmental | Shareholder | Against | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 1,129 | 0 | 25-Mar-2015 | 26-Mar-2015 |
| GENUINE PARTS COMPANY |
| Security | 372460105 | | | Meeting Type | Annual |
| Ticker Symbol | GPC | | | Meeting Date | 27-Apr-2015 | |
| ISIN | US3724601055 | | | Agenda | 934132452 - Management |
| Record Date | 17-Feb-2015 | | | Holding Recon Date | 17-Feb-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 24-Apr-2015 | |
| SEDOL(s) | | Quick Code | | |
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| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1. | Election of Directors | Management | | | | |
| | | 1 | DR. MARY B. BULLOCK | | For | For | | |
| | | 2 | PAUL D. DONAHUE | | For | For | | |
| | | 3 | JEAN DOUVILLE | | For | For | | |
| | | 4 | GARY P. FAYARD | | For | For | | |
| | | 5 | THOMAS C. GALLAGHER | | For | For | | |
| | | 6 | JOHN R. HOLDER | | For | For | | |
| | | 7 | JOHN D. JOHNS | | For | For | | |
| | | 8 | R.C. LOUDERMILK, JR. | | For | For | | |
| | | 9 | WENDY B. NEEDHAM | | For | For | | |
| | | 10 | JERRY W. NIX | | For | For | | |
| | | 11 | GARY W. ROLLINS | | For | For | | |
| | | 12 | E.JENNER WOOD III | | For | For | | |
| 2. | 14A Executive Compensation | Management | For | For | | |
| 3. | Approve Stock Compensation Plan | Management | For | For | | |
| 4. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 1,215 | 0 | 25-Mar-2015 | 26-Mar-2015 |
| AT&T INC. |
| Security | 00206R102 | | | Meeting Type | Annual |
| Ticker Symbol | T | | | Meeting Date | 24-Apr-2015 | |
| ISIN | US00206R1023 | | | Agenda | 934134064 - Management |
| Record Date | 25-Feb-2015 | | | Holding Recon Date | 25-Feb-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 23-Apr-2015 | |
| SEDOL(s) | | Quick Code | | |
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| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1A. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1B. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1C. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1D. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1E. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1F. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1G. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1H. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1I. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1J. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1K. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1L. | Election of Directors (Majority Voting) | Management | For | For | | |
| 2. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 3. | 14A Executive Compensation | Management | Against | Against | | |
| | | Comments-We note, however, after taking into account both the quantitative and qualitative measures outlined above, we believe that shareholders cannot support the current compensation policies put in place by the Company’s directors. Furthermore, we believe that the Company’s compensation policies and procedures are not effective or strongly aligned with the long-term interest of its shareholders. Therefore, we recommend a vote "AGAINST" this Proposal. |
| 4. | S/H Proposal - Political/Government | Shareholder | Against | For | | |
| 5. | S/H Proposal - Political/Government | Shareholder | Against | For | | |
| 6. | S/H Proposal - Corporate Governance | Shareholder | Against | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 4,818 | 0 | 26-Mar-2015 | 27-Mar-2015 |
| HCP, INC. |
| Security | 40414L109 | | | Meeting Type | Annual |
| Ticker Symbol | HCP | | | Meeting Date | 30-Apr-2015 | |
| ISIN | US40414L1098 | | | Agenda | 934144293 - Management |
| Record Date | 09-Mar-2015 | | | Holding Recon Date | 09-Mar-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 29-Apr-2015 | |
| SEDOL(s) | | Quick Code | | |
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| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1A. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1B. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1C. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1D. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1E. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1F. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1G. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1H. | Election of Directors (Majority Voting) | Management | For | For | | |
| 2. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 3. | 14A Executive Compensation | Management | For | For | | |
| 4. | S/H Proposal - Access To Proxy | Shareholder | Against | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 4,962 | 0 | 30-Mar-2015 | 31-Mar-2015 |
| METHANEX CORPORATION |
| Security | 59151K108 | | | Meeting Type | Annual and Special Meeting |
| Ticker Symbol | MEOH | | | Meeting Date | 30-Apr-2015 | |
| ISIN | CA59151K1084 | | | Agenda | 934144673 - Management |
| Record Date | 02-Mar-2015 | | | Holding Recon Date | 02-Mar-2015 | |
| City / | Country | | / | Canada | | Vote Deadline Date | 27-Apr-2015 | |
| SEDOL(s) | | Quick Code | | |
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| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 01 | Election of Directors (Majority Voting) | Management | | | | |
| | | 1 | BRUCE AITKEN | | For | For | | |
| | | 2 | HOWARD BALLOCH | | For | For | | |
| | | 3 | PHILLIP COOK | | For | For | | |
| | | 4 | JOHN FLOREN | | For | For | | |
| | | 5 | THOMAS HAMILTON | | For | For | | |
| | | 6 | ROBERT KOSTELNIK | | For | For | | |
| | | 7 | DOUGLAS MAHAFFY | | For | For | | |
| | | 8 | A. TERENCE POOLE | | For | For | | |
| | | 9 | JOHN REID | | For | For | | |
| | | 10 | JANICE RENNIE | | For | For | | |
| | | 11 | MONICA SLOAN | | For | For | | |
| | | 12 | MARGARET WALKER | | For | For | | |
| 02 | Approve Remuneration of Directors and Auditors | Management | For | For | | |
| 03 | 14A Executive Compensation | Management | Against | Against | | |
| | | Comments-We note, however, after taking into account both the quantitative and qualitative measures outlined above, we believe that shareholders cannot support the current compensation policies put in place by the Company’s directors. Furthermore, we believe that the Company’s compensation policies and procedures are not effective or strongly aligned with the long-term interest of its shareholders. Therefore, we recommend a vote "AGAINST" this Proposal. |
| 04 | Approve Charter Amendment | Management | For | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 2,304 | 0 | 30-Mar-2015 | 31-Mar-2015 |
| C. R. BARD, INC. |
| Security | 067383109 | | | Meeting Type | Annual |
| Ticker Symbol | BCR | | | Meeting Date | 15-Apr-2015 | |
| ISIN | US0673831097 | | | Agenda | 934143924 - Management |
| Record Date | 23-Feb-2015 | | | Holding Recon Date | 23-Feb-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 14-Apr-2015 | |
| SEDOL(s) | | Quick Code | | |
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| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1A. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1B. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1C. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1D. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1E. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1F. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1G. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1H. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1I. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1J. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1K. | Election of Directors (Majority Voting) | Management | For | For | | |
| 2. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 3. | Amend Stock Compensation Plan | Management | For | For | | |
| 4. | 14A Executive Compensation | Management | For | For | | |
| 5. | S/H Proposal - Environmental | Shareholder | Against | For | | |
| 6. | S/H Proposal - Separate Chairman/Coe | Shareholder | For | Against | | |
| | | Comments-We believe that there is an inherent potential conflict, in having an Inside director serve as the Chairman of the board. Consequently, we prefer that companies separate the roles of the Chairman and CEO and that the Chairman be independent to further ensure board independence and accountability. We recommend a vote “FOR” this Proposal. |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 662 | 0 | 30-Mar-2015 | 31-Mar-2015 |
| W.W. GRAINGER, INC. |
| Security | 384802104 | | | Meeting Type | Annual |
| Ticker Symbol | GWW | | | Meeting Date | 29-Apr-2015 | |
| ISIN | US3848021040 | | | Agenda | 934139800 - Management |
| Record Date | 02-Mar-2015 | | | Holding Recon Date | 02-Mar-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 28-Apr-2015 | |
| SEDOL(s) | | Quick Code | | |
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| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1. | Election of Directors | Management | | | | |
| | | 1 | RODNEY C. ADKINS | | For | For | | |
| | | 2 | BRIAN P. ANDERSON | | For | For | | |
| | | 3 | V. ANN HAILEY | | For | For | | |
| | | 4 | WILLIAM K. HALL | | For | For | | |
| | | 5 | STUART L. LEVENICK | | For | For | | |
| | | 6 | NEIL S. NOVICH | | For | For | | |
| | | 7 | MICHAEL J. ROBERTS | | For | For | | |
| | | 8 | GARY L. ROGERS | | For | For | | |
| | | 9 | JAMES T. RYAN | | For | For | | |
| | | 10 | E. SCOTT SANTI | | For | For | | |
| | | 11 | JAMES D. SLAVIK | | For | For | | |
| 2 | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 3 | 14A Executive Compensation | Management | For | For | | |
| 4 | Approve Stock Compensation Plan | Management | Against | Against | | |
| | | Comments-We note however, after taking into account the maximum amount of shareholder equity dilution this proposal could cause, as well as both the quantitative and qualitative measures outlined above, we believe that shareholders should not support the passage of this plan as proposed by the board of directors. We recommend the board seek to align CEO pay more closely with the performance of the company and work to reduce the cost of any similar plan that may be proposed in the future. Therefore, we recommend a vote "AGAINST" this Proposal. |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 479 | 0 | 30-Mar-2015 | 31-Mar-2015 |
| POLARIS INDUSTRIES INC. |
| Security | 731068102 | | | Meeting Type | Annual |
| Ticker Symbol | PII | | | Meeting Date | 30-Apr-2015 | |
| ISIN | US7310681025 | | | Agenda | 934139557 - Management |
| Record Date | 02-Mar-2015 | | | Holding Recon Date | 02-Mar-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 29-Apr-2015 | |
| SEDOL(s) | | Quick Code | | |
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| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1. | Election of Directors | Management | | | | |
| | | 1 | ANNETTE K. CLAYTON | | For | For | | |
| | | 2 | KEVIN M. FARR | | For | For | | |
| | | 3 | JOHN P. WIEHOFF | | For | For | | |
| 2. | Amend Stock Compensation Plan | Management | Against | Against | | |
| | | Comments-We note however, after taking into account the maximum amount of shareholder equity dilution this proposal could cause, as well as both the quantitative and qualitative measures outlined above, we believe that shareholders should not support the passage of this plan as proposed by the board of directors. We recommend the board seek to align CEO pay more closely with the performance of the company and work to reduce the cost of any similar plan that may be proposed in the future. Therefore, we recommend a vote "AGAINST" this Proposal. |
| 3. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 4. | 14A Executive Compensation | Management | For | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 634 | 0 | 30-Mar-2015 | 31-Mar-2015 |
| VF CORPORATION |
| Security | 918204108 | | | Meeting Type | Annual |
| Ticker Symbol | VFC | | | Meeting Date | 28-Apr-2015 | |
| ISIN | US9182041080 | | | Agenda | 934149522 - Management |
| Record Date | 05-Mar-2015 | | | Holding Recon Date | 05-Mar-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 27-Apr-2015 | |
| SEDOL(s) | | Quick Code | | |
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| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1. | Election of Directors | Management | | | | |
| | | 1 | RICHARD T. CARUCCI | | For | For | | |
| | | 2 | JULIANA L. CHUGG | | For | For | | |
| | | 3 | JUAN ERNESTO DE BEDOUT | | For | For | | |
| | | 4 | MARK S. HOPLAMAZIAN | | For | For | | |
| | | 5 | ROBERT J. HURST | | For | For | | |
| | | 6 | LAURA W. LANG | | For | For | | |
| | | 7 | W. ALAN MCCOLLOUGH | | For | For | | |
| | | 8 | CLARENCE OTIS, JR. | | For | For | | |
| | | 9 | MATTHEW J. SHATTOCK | | For | For | | |
| | | 10 | RAYMOND G. VIAULT | | For | For | | |
| | | 11 | ERIC C. WISEMAN | | For | For | | |
| 2. | Adopt Stock Option Plan | Management | Against | Against | | |
| | | Comments-We note however, after taking into account the maximum amount of shareholder equity dilution this proposal could cause, as well as both the quantitative and qualitative measures outlined above, we believe that shareholders should not support the passage of this plan as proposed by the board of directors. We recommend the board seek to align CEO pay more closely with the performance of the company and work to reduce the cost of any similar plan that may be proposed in the future. Therefore, we recommend a vote "AGAINST" this Proposal. |
| 3. | 14A Executive Compensation | Management | For | For | | |
| 4. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 1,644 | 0 | 30-Mar-2015 | 31-Mar-2015 |
| DELPHI AUTOMOTIVE PLC |
| Security | G27823106 | | | Meeting Type | Annual |
| Ticker Symbol | DLPH | | | Meeting Date | 23-Apr-2015 | |
| ISIN | JE00B783TY65 | | | Agenda | 934135876 - Management |
| Record Date | 23-Feb-2015 | | | Holding Recon Date | 23-Feb-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 21-Apr-2015 | |
| SEDOL(s) | | Quick Code | | |
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| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1A. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1B. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1C. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1D. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1E. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1F. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1G. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1H. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1I. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1J. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1K. | Election of Directors (Majority Voting) | Management | For | For | | |
| 2. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 3. | Approve Stock Compensation Plan | Management | For | For | | |
| 4. | Approve Stock Compensation Plan | Management | For | For | | |
| 5. | 14A Executive Compensation | Management | For | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 1,495 | 0 | 31-Mar-2015 | 01-Apr-2015 |
| BERKSHIRE HATHAWAY INC. |
| Security | 084670702 | | | Meeting Type | Annual |
| Ticker Symbol | BRKB | | | Meeting Date | 02-May-2015 | |
| ISIN | US0846707026 | | | Agenda | 934139292 - Management |
| Record Date | 04-Mar-2015 | | | Holding Recon Date | 04-Mar-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 01-May-2015 | |
| SEDOL(s) | | Quick Code | | |
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| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1. | Election of Directors | Management | | | | |
| | | 1 | WARREN E. BUFFETT | | For | For | | |
| | | 2 | CHARLES T. MUNGER | | For | For | | |
| | | 3 | HOWARD G. BUFFETT | | For | For | | |
| | | 4 | STEPHEN B. BURKE | | For | For | | |
| | | 5 | SUSAN L. DECKER | | For | For | | |
| | | 6 | WILLIAM H. GATES III | | For | For | | |
| | | 7 | DAVID S. GOTTESMAN | | For | For | | |
| | | 8 | CHARLOTTE GUYMAN | | For | For | | |
| | | 9 | THOMAS S. MURPHY | | For | For | | |
| | | 10 | RONALD L. OLSON | | For | For | | |
| | | 11 | WALTER SCOTT, JR. | | For | For | | |
| | | 12 | MERYL B. WITMER | | For | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 559 | 0 | 01-Apr-2015 | 04-May-2015 |
| SIGMA-ALDRICH CORPORATION |
| Security | 826552101 | | | Meeting Type | Annual |
| Ticker Symbol | SIAL | | | Meeting Date | 05-May-2015 | |
| ISIN | US8265521018 | | | Agenda | 934138909 - Management |
| Record Date | 06-Mar-2015 | | | Holding Recon Date | 06-Mar-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 04-May-2015 | |
| SEDOL(s) | | Quick Code | | |
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| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1A. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1B. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1C. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1D. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1E. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1F. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1G. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1H. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1I. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1J. | Election of Directors (Majority Voting) | Management | For | For | | |
| 2. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 3. | 14A Executive Compensation | Management | For | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 827 | 0 | 01-Apr-2015 | 06-May-2015 |
| AFLAC INCORPORATED |
| Security | 001055102 | | | Meeting Type | Annual |
| Ticker Symbol | AFL | | | Meeting Date | 04-May-2015 | |
| ISIN | US0010551028 | | | Agenda | 934143835 - Management |
| Record Date | 25-Feb-2015 | | | Holding Recon Date | 25-Feb-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 01-May-2015 | |
| SEDOL(s) | | Quick Code | | |
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| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1A. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1B. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1C. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1D. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1E. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1F. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1G. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1H. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1I. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1J. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1K. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1L. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1M. | Election of Directors (Majority Voting) | Management | For | For | | |
| 2. | 14A Executive Compensation | Management | Against | Against | | |
| | | Comments-We note, however, after taking into account both the quantitative and qualitative measures outlined above, we believe that shareholders cannot support the current compensation policies put in place by the Company’s directors. Furthermore, we believe that the Company’s compensation policies and procedures are not effective or strongly aligned with the long-term interest of its shareholders. Therefore, we recommend a vote "AGAINST" this Proposal. |
| 3. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 2,365 | 0 | 07-Apr-2015 | 05-May-2015 |
| ENBRIDGE INC. |
| Security | 29250N105 | | | Meeting Type | Annual and Special Meeting |
| Ticker Symbol | ENB | | | Meeting Date | 06-May-2015 | |
| ISIN | CA29250N1050 | | | Agenda | 934148669 - Management |
| Record Date | 12-Mar-2015 | | | Holding Recon Date | 12-Mar-2015 | |
| City / | Country | | / | Canada | | Vote Deadline Date | 01-May-2015 | |
| SEDOL(s) | | Quick Code | | |
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| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 01 | Election of Directors (Majority Voting) | Management | | | | |
| | | 1 | DAVID A. ARLEDGE | | For | For | | |
| | | 2 | JAMES J. BLANCHARD | | For | For | | |
| | | 3 | MARCEL R. COUTU | | For | For | | |
| | | 4 | J. HERB ENGLAND | | For | For | | |
| | | 5 | CHARLES W. FISCHER | | For | For | | |
| | | 6 | V.M. KEMPSTON DARKES | | For | For | | |
| | | 7 | AL MONACO | | For | For | | |
| | | 8 | GEORGE K. PETTY | | For | For | | |
| | | 9 | REBECCA B. ROBERTS | | For | For | | |
| | | 10 | DAN C. TUTCHER | | For | For | | |
| | | 11 | CATHERINE L. WILLIAMS | | For | For | | |
| 02 | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 03 | Adopt Advance Notice Requirement | Management | For | For | | |
| 04 | 14A Executive Compensation | Management | For | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 2,864 | 0 | 07-Apr-2015 | 07-May-2015 |
| THE COCA-COLA COMPANY |
| Security | 191216100 | | | Meeting Type | Annual |
| Ticker Symbol | KO | | | Meeting Date | 29-Apr-2015 | |
| ISIN | US1912161007 | | | Agenda | 934138163 - Management |
| Record Date | 02-Mar-2015 | | | Holding Recon Date | 02-Mar-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 28-Apr-2015 | |
| SEDOL(s) | | Quick Code | | |
| | | | | | | | | | | | | | | | |
| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1A. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1B. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1C. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1D. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1E. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1F. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1G. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1H. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1I. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1J. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1K. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1L. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1M. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1N. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1O. | Election of Directors (Majority Voting) | Management | For | For | | |
| 2. | 14A Executive Compensation | Management | For | For | | |
| 3. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 4. | S/H Proposal - Access To Proxy | Shareholder | Against | For | | |
| 5. | S/H Proposal - Corporate Governance | Shareholder | Against | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 2,786 | 0 | 08-Apr-2015 | 30-Apr-2015 |
| EXPRESS SCRIPTS HOLDING COMPANY |
| Security | 30219G108 | | | Meeting Type | Annual |
| Ticker Symbol | ESRX | | | Meeting Date | 06-May-2015 | |
| ISIN | US30219G1085 | | | Agenda | 934145156 - Management |
| Record Date | 09-Mar-2015 | | | Holding Recon Date | 09-Mar-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 05-May-2015 | |
| SEDOL(s) | | Quick Code | | |
| | | | | | | | | | | | | | | | |
| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1A. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1B. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1C. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1D. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1E. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1F. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1G. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1H. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1I. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1J. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1K. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1L. | Election of Directors (Majority Voting) | Management | For | For | | |
| 2. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 3. | 14A Executive Compensation | Management | For | For | | |
| 4. | S/H Proposal - Political/Government | Shareholder | For | Against | | |
| | | Comments-In light of the Company’s policies and oversight mechanisms related to its political contributions and activities, we believe that the shareholder proposal is unnecessary and will not result in any additional benefit to the shareholders. Rather, the proposal promotes impractical and imprudent actions that would negatively affect the business and results. We recommend a vote “AGAINST” this Proposal. |
| 5. | S/H Proposal - Establish Independent Chairman | Shareholder | Against | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 1,013 | 0 | 08-Apr-2015 | 07-May-2015 |
| KIMBERLY-CLARK CORPORATION |
| Security | 494368103 | | | Meeting Type | Annual |
| Ticker Symbol | KMB | | | Meeting Date | 30-Apr-2015 | |
| ISIN | US4943681035 | | | Agenda | 934134898 - Management |
| Record Date | 02-Mar-2015 | | | Holding Recon Date | 02-Mar-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 29-Apr-2015 | |
| SEDOL(s) | | Quick Code | | |
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| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1A | Election of Directors (Majority Voting) | Management | Against | Against | | |
| | | Comments-There is a single slate of nominees, the nominees appear qualified, but we recommend that clients "WITHHOLD" votes from Affiliated outside director John F. Bergstrom, current member of the Audit Committee of the Board. We believe that key Board committees namely Audit, Compensation and Nominating committees should be comprised solely of Independent outside directors for sound corporate governance practice. |
| 1B | Election of Directors (Majority Voting) | Management | For | For | | |
| 1C | Election of Directors (Majority Voting) | Management | For | For | | |
| 1D | Election of Directors (Majority Voting) | Management | For | For | | |
| 1E | Election of Directors (Majority Voting) | Management | For | For | | |
| 1F | Election of Directors (Majority Voting) | Management | For | For | | |
| 1G | Election of Directors (Majority Voting) | Management | For | For | | |
| 1H | Election of Directors (Majority Voting) | Management | For | For | | |
| 1I | Election of Directors (Majority Voting) | Management | For | For | | |
| 1J | Election of Directors (Majority Voting) | Management | For | For | | |
| 1K | Election of Directors (Majority Voting) | Management | For | For | | |
| 2 | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 3 | 14A Executive Compensation | Management | For | For | | |
| 4 | S/H Proposal - Corporate Governance | Shareholder | For | Against | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 1,044 | 0 | 08-Apr-2015 | 01-May-2015 |
| PEPSICO, INC. |
| Security | 713448108 | | | Meeting Type | Annual |
| Ticker Symbol | PEP | | | Meeting Date | 06-May-2015 | |
| ISIN | US7134481081 | | | Agenda | 934150854 - Management |
| Record Date | 27-Feb-2015 | | | Holding Recon Date | 27-Feb-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 05-May-2015 | |
| SEDOL(s) | | Quick Code | | |
| | | | | | | | | | | | | | | | |
| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1A. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1B. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1C. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1D. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1E. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1F. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1G. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1H. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1I. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1J. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1K. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1L. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1M. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1N. | Election of Directors (Majority Voting) | Management | For | For | | |
| 2. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 3. | 14A Executive Compensation | Management | For | For | | |
| 4. | S/H Proposal - Environmental | Shareholder | Against | For | | |
| 5. | S/H Proposal - Corporate Governance | Shareholder | Against | For | | |
| 6. | S/H Proposal - Environmental | Shareholder | Against | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 1,036 | 0 | 08-Apr-2015 | 07-May-2015 |
| DOVER CORPORATION |
| Security | 260003108 | | | Meeting Type | Annual |
| Ticker Symbol | DOV | | | Meeting Date | 07-May-2015 | |
| ISIN | US2600031080 | | | Agenda | 934150537 - Management |
| Record Date | 13-Mar-2015 | | | Holding Recon Date | 13-Mar-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 06-May-2015 | |
| SEDOL(s) | | Quick Code | | |
| | | | | | | | | | | | | | | | |
| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1A. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1B. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1C. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1D. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1E. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1F. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1G. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1H. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1I. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1J. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1K. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1L. | Election of Directors (Majority Voting) | Management | For | For | | |
| 2. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 3. | 14A Executive Compensation | Management | Against | Against | | |
| | | Comments-We note, however, after taking into account both the quantitative and qualitative measures outlined above, we believe that shareholders cannot support the current compensation policies put in place by the Company’s directors. Furthermore, we believe that the Company’s compensation policies and procedures are not effective or strongly aligned with the long-term interest of its shareholders. Therefore, we recommend a vote "AGAINST" this Proposal. |
| 4. | S/H Proposal - Corporate Governance | Shareholder | Against | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 1,509 | 0 | 09-Apr-2015 | 08-May-2015 |
| MCGRAW HILL FINANCIAL, INC. |
| Security | 580645109 | | | Meeting Type | Annual |
| Ticker Symbol | MHFI | | | Meeting Date | 29-Apr-2015 | |
| ISIN | US5806451093 | | | Agenda | 934148493 - Management |
| Record Date | 09-Mar-2015 | | | Holding Recon Date | 09-Mar-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 28-Apr-2015 | |
| SEDOL(s) | | Quick Code | | |
| | | | | | | | | | | | | | | | |
| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1A. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1B. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1C. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1D. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1E. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1F. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1G. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1H. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1I. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1J. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1K. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1L. | Election of Directors (Majority Voting) | Management | For | For | | |
| 2. | Amend Stock Compensation Plan | Management | For | For | | |
| 3. | 14A Executive Compensation | Management | For | For | | |
| 4. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 5. | S/H Proposal - Establish Independent Chairman | Shareholder | For | Against | | |
| | | Comments-We believe that there is an inherent potential conflict, in having an Inside director serve as the Chairman of the board. Consequently, we prefer that companies separate the roles of the Chairman and CEO and that the Chairman be independent to further ensure board independence and accountability. We recommend a vote “FOR” this Proposal. |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 1,167 | 0 | 09-Apr-2015 | 30-Apr-2015 |
| MUELLER INDUSTRIES, INC. |
| Security | 624756102 | | | Meeting Type | Annual |
| Ticker Symbol | MLI | | | Meeting Date | 07-May-2015 | |
| ISIN | US6247561029 | | | Agenda | 934169586 - Management |
| Record Date | 13-Mar-2015 | | | Holding Recon Date | 13-Mar-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 06-May-2015 | |
| SEDOL(s) | | Quick Code | | |
| | | | | | | | | | | | | | | | |
| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1. | Election of Directors | Management | | | | |
| | | 1 | GREGORY L. CHRISTOPHER | | For | For | | |
| | | 2 | PAUL J. FLAHERTY | | For | For | | |
| | | 3 | GENNARO J. FULVIO | | For | For | | |
| | | 4 | GARY S. GLADSTEIN | | For | For | | |
| | | 5 | SCOTT J. GOLDMAN | | For | For | | |
| | | 6 | JOHN B. HANSEN | | For | For | | |
| | | 7 | TERRY HERMANSON | | For | For | | |
| 2. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 3. | 14A Executive Compensation | Management | Against | Against | | |
| | | Comments-We note, however, after taking into account both the quantitative and qualitative measures outlined above, we believe that shareholders cannot support the current compensation policies put in place by the Company’s directors. Furthermore, we believe that the Company’s compensation policies and procedures are not effective or strongly aligned with the long-term interest of its shareholders. Therefore, we recommend a vote "AGAINST" this Proposal. |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 2,765 | 0 | 09-Apr-2015 | 08-May-2015 |
| COLGATE-PALMOLIVE COMPANY |
| Security | 194162103 | | | Meeting Type | Annual |
| Ticker Symbol | CL | | | Meeting Date | 08-May-2015 | |
| ISIN | US1941621039 | | | Agenda | 934146665 - Management |
| Record Date | 09-Mar-2015 | | | Holding Recon Date | 09-Mar-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 07-May-2015 | |
| SEDOL(s) | | Quick Code | | |
| | | | | | | | | | | | | | | | |
| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1A. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1B. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1C. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1D. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1E. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1F. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1G. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1H. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1I. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1J. | Election of Directors (Majority Voting) | Management | For | For | | |
| 2. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 3. | 14A Executive Compensation | Management | For | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 1,643 | 0 | 09-Apr-2015 | 11-May-2015 |
| TRANSCANADA CORPORATION |
| Security | 89353D107 | | | Meeting Type | Annual and Special Meeting |
| Ticker Symbol | TRP | | | Meeting Date | 01-May-2015 | |
| ISIN | CA89353D1078 | | | Agenda | 934156678 - Management |
| Record Date | 23-Mar-2015 | | | Holding Recon Date | 23-Mar-2015 | |
| City / | Country | | / | Canada | | Vote Deadline Date | 28-Apr-2015 | |
| SEDOL(s) | | Quick Code | | |
| | | | | | | | | | | | | | | | |
| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 01 | Election of Directors | 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 | Approve Remuneration of Directors and Auditors | Management | For | For | | |
| 03 | 14A Executive Compensation | Management | For | For | | |
| 04 | Approve Decrease in Size of Board | Management | For | For | | |
| 05 | Approve Charter Amendment | Management | For | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 3,215 | 0 | 10-Apr-2015 | 04-May-2015 |
| ABB LTD |
| Security | 000375204 | | | Meeting Type | Annual |
| Ticker Symbol | ABB | | | Meeting Date | 30-Apr-2015 | |
| ISIN | US0003752047 | | | Agenda | 934175236 - Management |
| Record Date | 23-Mar-2015 | | | Holding Recon Date | 23-Mar-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 23-Apr-2015 | |
| SEDOL(s) | | Quick Code | | |
| | | | | | | | | | | | | | | | |
| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1. | Receive Consolidated Financial Statements | Management | For | For | | |
| 2. | Miscellaneous Compensation Plans | Management | For | For | | |
| 3. | Approve Financial Statements, Allocation of Income, and Discharge Directors | Management | For | For | | |
| 4.1 | Amend Articles/Charter to Reflect Changes in Capital | Management | For | For | | |
| 4.2 | Amend Articles/Charter to Reflect Changes in Capital | Management | For | For | | |
| 5. | Amend Articles/Charter to Reflect Changes in Capital | Management | For | For | | |
| 6. | Amend Articles/Charter to Reflect Changes in Capital | Management | For | For | | |
| 7.1 | Miscellaneous Compensation Plans | Management | For | For | | |
| 7.2 | Miscellaneous Compensation Plans | Management | For | For | | |
| 8.1 | Election of Directors (Majority Voting) | Management | For | For | | |
| 8.2 | Election of Directors (Majority Voting) | Management | For | For | | |
| 8.3 | Election of Directors (Majority Voting) | Management | For | For | | |
| 8.4 | Election of Directors (Majority Voting) | Management | For | For | | |
| 8.5 | Election of Directors (Majority Voting) | Management | For | For | | |
| 8.6 | Election of Directors (Majority Voting) | Management | For | For | | |
| 8.7 | Election of Directors (Majority Voting) | Management | For | For | | |
| 8.8 | Election of Directors (Majority Voting) | Management | For | For | | |
| 9.1 | Election of Directors (Full Slate) | Management | For | For | | |
| 9.2 | Election of Directors (Full Slate) | Management | For | For | | |
| 9.3 | Election of Directors (Full Slate) | Management | For | For | | |
| 10. | Election of Directors (Full Slate) | Management | For | For | | |
| 11. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 7,117 | 0 | 10-Apr-2015 | 27-Apr-2015 |
| BAXTER INTERNATIONAL INC. |
| Security | 071813109 | | | Meeting Type | Annual |
| Ticker Symbol | BAX | | | Meeting Date | 05-May-2015 | |
| ISIN | US0718131099 | | | Agenda | 934146615 - Management |
| Record Date | 11-Mar-2015 | | | Holding Recon Date | 11-Mar-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 04-May-2015 | |
| SEDOL(s) | | Quick Code | | |
| | | | | | | | | | | | | | | | |
| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1A. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1B. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1C. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1D. | Election of Directors (Majority Voting) | Management | For | For | | |
| 2. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 3. | 14A Executive Compensation | Management | For | For | | |
| 4. | Approve Stock Compensation Plan | Management | For | For | | |
| 5. | S/H Proposal - Executive Compensation | Shareholder | Against | For | | |
| 6. | S/H Proposal - Establish Independent Chairman | Shareholder | For | Against | | |
| | | Comments-We believe that there is an inherent potential conflict, in having an Inside director serve as the Chairman of the board. Consequently, we prefer that companies separate the roles of the Chairman and CEO and that the Chairman be independent to further ensure board independence and accountability. We recommend a vote “FOR” this Proposal. |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 1,360 | 0 | 13-Apr-2015 | 06-May-2015 |
| LEGGETT & PLATT, INCORPORATED |
| Security | 524660107 | | | Meeting Type | Annual |
| Ticker Symbol | LEG | | | Meeting Date | 05-May-2015 | |
| ISIN | US5246601075 | | | Agenda | 934145269 - Management |
| Record Date | 05-Mar-2015 | | | Holding Recon Date | 05-Mar-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 04-May-2015 | |
| SEDOL(s) | | Quick Code | | |
| | | | | | | | | | | | | | | | |
| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1A. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1B. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1C. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1D. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1E. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1F. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1G. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1H. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1I. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1J. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1K. | Election of Directors (Majority Voting) | Management | For | For | | |
| 2. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 3. | Amend Stock Option Plan | Management | Against | Against | | |
| | | Comments-We note however, after taking into account the maximum amount of shareholder equity dilution this proposal could cause, as well as both the quantitative and qualitative measures outlined above, we believe that shareholders should not support the passage of this plan as proposed by the board of directors. We recommend the board seek to align CEO pay more closely with the performance of the company and work to reduce the cost of any similar plan that may be proposed in the future. Therefore, we recommend a vote "AGAINST" this Proposal. |
| 4. | Amend Stock Option Plan | Management | For | For | | |
| 5. | 14A Executive Compensation | Management | For | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 2,467 | 0 | 13-Apr-2015 | 06-May-2015 |
| PHILIP MORRIS INTERNATIONAL INC. |
| Security | 718172109 | | | Meeting Type | Annual |
| Ticker Symbol | PM | | | Meeting Date | 06-May-2015 | |
| ISIN | US7181721090 | | | Agenda | 934145738 - Management |
| Record Date | 13-Mar-2015 | | | Holding Recon Date | 13-Mar-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 05-May-2015 | |
| SEDOL(s) | | Quick Code | | |
| | | | | | | | | | | | | | | | |
| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1A. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1B. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1C. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1D. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1E. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1F. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1G. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1H. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1I. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1J. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1K. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1L. | Election of Directors (Majority Voting) | Management | For | For | | |
| 2. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 3. | 14A Executive Compensation | Management | Against | Against | | |
| | | Comments-We note, however, after taking into account both the quantitative and qualitative measures outlined above, we believe that shareholders cannot support the current compensation policies put in place by the Company’s directors. Furthermore, we believe that the Company’s compensation policies and procedures are not effective or strongly aligned with the long-term interest of its shareholders. Therefore, we recommend a vote "AGAINST" this Proposal. |
| 4. | S/H Proposal - Political/Government | Shareholder | Against | For | | |
| 5. | S/H Proposal - Political/Government | Shareholder | Against | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 1,048 | 0 | 13-Apr-2015 | 07-May-2015 |
| PENTAIR PLC |
| Security | G7S00T104 | | | Meeting Type | Annual |
| Ticker Symbol | PNR | | | Meeting Date | 05-May-2015 | |
| ISIN | IE00BLS09M33 | | | Agenda | 934143974 - Management |
| Record Date | 06-Mar-2015 | | | Holding Recon Date | 06-Mar-2015 | |
| City / | Country | | / | United Kingdom | | Vote Deadline Date | 04-May-2015 | |
| SEDOL(s) | | Quick Code | | |
| | | | | | | | | | | | | | | | |
| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1A. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1B. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1C. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1D. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1E. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1F. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1G. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1H. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1I. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1J. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1K. | Election of Directors (Majority Voting) | Management | For | For | | |
| 2. | 14A Executive Compensation | Management | Against | Against | | |
| | | Comments-We note, however, after taking into account both the quantitative and qualitative measures outlined above, we believe that shareholders cannot support the current compensation policies put in place by the Company’s directors. Furthermore, we believe that the Company’s compensation policies and procedures are not effective or strongly aligned with the long-term interest of its shareholders. Therefore, we recommend a vote "AGAINST" this Proposal. |
| 3. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 4. | Miscellaneous Corporate Actions | Management | For | For | | |
| 5. | Stock Issuance | Management | For | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 1,705 | 0 | 14-Apr-2015 | 06-May-2015 |
| CINCINNATI FINANCIAL CORPORATION |
| Security | 172062101 | | | Meeting Type | Annual |
| Ticker Symbol | CINF | | | Meeting Date | 02-May-2015 | |
| ISIN | US1720621010 | | | Agenda | 934136474 - Management |
| Record Date | 04-Mar-2015 | | | Holding Recon Date | 04-Mar-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 01-May-2015 | |
| SEDOL(s) | | Quick Code | | |
| | | | | | | | | | | | | | | | |
| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1. | Election of Directors | Management | | | | |
| | | 1 | WILLIAM F. BAHL | | For | For | | |
| | | 2 | GREGORY T. BIER | | For | For | | |
| | | 3 | LINDA W. CLEMENT-HOLMES | | For | For | | |
| | | 4 | DIRK J. DEBBINK | | For | For | | |
| | | 5 | STEVEN J. JOHNSTON | | For | For | | |
| | | 6 | KENNETH C. LICHTENDAHL | | For | For | | |
| | | 7 | W. RODNEY MCMULLEN | | For | For | | |
| | | 8 | DAVID P. OSBORN | | For | For | | |
| | | 9 | GRETCHEN W. PRICE | | For | For | | |
| | | 10 | JOHN J. SCHIFF, JR. | | For | For | | |
| | | 11 | THOMAS R. SCHIFF | | For | For | | |
| | | 12 | DOUGLAS S. SKIDMORE | | For | For | | |
| | | 13 | KENNETH W. STECHER | | For | For | | |
| | | 14 | JOHN F. STEELE, JR. | | For | For | | |
| | | 15 | LARRY R. WEBB | | For | For | | |
| 2. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 3. | 14A Executive Compensation | Management | For | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 2,012 | 0 | 15-Apr-2015 | 04-May-2015 |
| ARCHER-DANIELS-MIDLAND COMPANY |
| Security | 039483102 | | | Meeting Type | Annual |
| Ticker Symbol | ADM | | | Meeting Date | 07-May-2015 | |
| ISIN | US0394831020 | | | Agenda | 934163041 - Management |
| Record Date | 12-Mar-2015 | | | Holding Recon Date | 12-Mar-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 06-May-2015 | |
| SEDOL(s) | | Quick Code | | |
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| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1A. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1B. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1C. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1D. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1E. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1F. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1G. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1H. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1I. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1J. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1K. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1L. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1M. | Election of Directors (Majority Voting) | Management | For | For | | |
| 2. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 3. | 14A Executive Compensation | Management | For | For | | |
| 4. | Amend Stock Compensation Plan | Management | For | For | | |
| 5. | S/H Proposal - Establish Independent Chairman | Shareholder | For | Against | | |
| | | Comments-We believe that there is an inherent potential conflict, in having an Inside director serve as the Chairman of the board. Consequently, we prefer that companies separate the roles of the Chairman and CEO and that the Chairman be independent to further ensure board independence and accountability. We recommend a vote “FOR” this Proposal. |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 2,422 | 0 | 15-Apr-2015 | 08-May-2015 |
| STURM, RUGER & COMPANY, INC. |
| Security | 864159108 | | | Meeting Type | Annual |
| Ticker Symbol | RGR | | | Meeting Date | 05-May-2015 | |
| ISIN | US8641591081 | | | Agenda | 934147225 - Management |
| Record Date | 16-Mar-2015 | | | Holding Recon Date | 16-Mar-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 04-May-2015 | |
| SEDOL(s) | | Quick Code | | |
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| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1 | Election of Directors | Management | | | | |
| | | 1 | JOHN A. COSENTINO, JR. | | For | For | | |
| | | 2 | MICHAEL O. FIFER | | For | For | | |
| | | 3 | C. MICHAEL JACOBI | | For | For | | |
| | | 4 | TERRENCE G. O'CONNOR | | For | For | | |
| | | 5 | AMIR P. ROSENTHAL | | For | For | | |
| | | 6 | RONALD C. WHITAKER | | For | For | | |
| | | 7 | PHILLIP C. WIDMAN | | For | For | | |
| 2 | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 3 | 14A Executive Compensation | Management | Against | Against | | |
| | | Comments-We note, however, after taking into account both the quantitative and qualitative measures outlined above, we believe that shareholders cannot support the current compensation policies put in place by the Company’s directors. Furthermore, we believe that the Company’s compensation policies and procedures are not effective or strongly aligned with the long-term interest of its shareholders. Therefore, we recommend a vote "AGAINST" this Proposal. |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 2,409 | 0 | 17-Apr-2015 | 06-May-2015 |
| SANOFI |
| Security | 80105N105 | | | Meeting Type | Annual |
| Ticker Symbol | SNY | | | Meeting Date | 04-May-2015 | |
| ISIN | US80105N1054 | | | Agenda | 934185465 - Management |
| Record Date | 25-Mar-2015 | | | Holding Recon Date | 25-Mar-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 21-Apr-2015 | |
| SEDOL(s) | | Quick Code | | |
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| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1 | Receive Consolidated Financial Statements | Management | For | For | | |
| 2 | Receive Consolidated Financial Statements | Management | For | For | | |
| 3 | Dividends | Management | For | For | | |
| 4 | Miscellaneous Corporate Actions | Management | For | For | | |
| 5 | Election of Directors (Full Slate) | Management | Against | Against | | |
| | | Comments-we recommend that clients "WITHHOLD" votes from Inside director Serge Weinberg, current member of the Appointments and Governance/Nominating Committee of the Board. We believe that key Board committees namely Audit, Compensation and Nominating committees should be comprised solely of Independent outside directors for sound corporate governance practice. |
| 6 | Election of Directors (Full Slate) | Management | For | For | | |
| 7 | Election of Directors (Majority Voting) | Management | For | For | | |
| 8 | Election of Directors (Full Slate) | Management | For | For | | |
| 9 | Election of Directors (Majority Voting) | Management | For | For | | |
| 10 | 14A Extraordinary Transaction Executive Compensation | Management | For | For | | |
| 11 | 14A Extraordinary Transaction Executive Compensation | Management | For | For | | |
| 12 | Approve Previous Board's Actions | Management | For | For | | |
| S1 | Eliminate Pre-Emptive Rights | Management | For | For | | |
| S2 | Eliminate Pre-Emptive Rights | Management | For | For | | |
| S3 | Eliminate Pre-Emptive Rights | Management | For | For | | |
| S4 | Stock Issuance | Management | For | For | | |
| S5 | Authorize Common Stock Increase | Management | For | For | | |
| S6 | Eliminate Pre-Emptive Rights | Management | For | For | | |
| S7 | Amend Articles/Charter to Reflect Changes in Capital | Management | For | For | | |
| S8 | Amend Articles/Charter to Reflect Changes in Capital | Management | For | For | | |
| S9 | Stock Issuance | Management | For | For | | |
| S10 | Allot Securities | Management | For | For | | |
| S11 | Approve Article Amendments | Management | For | For | | |
| S12 | Approve Article Amendments | Management | For | For | | |
| S13 | Approve Previous Board's Actions | Management | For | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 2,303 | 0 | 17-Apr-2015 | 23-Apr-2015 |
| AMBEV S.A. |
| Security | 02319V103 | | | Meeting Type | Annual |
| Ticker Symbol | ABEV | | | Meeting Date | 29-Apr-2015 | |
| ISIN | US02319V1035 | | | Agenda | 934193537 - Management |
| Record Date | 13-Apr-2015 | | | Holding Recon Date | 13-Apr-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 23-Apr-2015 | |
| SEDOL(s) | | Quick Code | | |
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| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| A1 | Receive Consolidated Financial Statements | Management | For | For | | |
| A2 | Approve Charter Amendment | Management | For | For | | |
| A3 | Election of Directors (Full Slate) | Management | For | For | | |
| A4 | Miscellaneous Compensation Plans | Management | For | For | | |
| B1 | Approve Charter Amendment | Management | For | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 23,322 | 0 | 20-Apr-2015 | 27-Apr-2015 |
| ABBVIE INC. |
| Security | 00287Y109 | | | Meeting Type | Annual |
| Ticker Symbol | ABBV | | | Meeting Date | 08-May-2015 | |
| ISIN | US00287Y1091 | | | Agenda | 934142249 - Management |
| Record Date | 11-Mar-2015 | | | Holding Recon Date | 11-Mar-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 07-May-2015 | |
| SEDOL(s) | | Quick Code | | |
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| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1. | Election of Directors | Management | | | | |
| | | 1 | ROXANNE S. AUSTIN | | For | For | | |
| | | 2 | RICHARD A. GONZALEZ | | For | For | | |
| | | 3 | GLENN F. TILTON | | For | For | | |
| 2. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 3. | 14A Executive Compensation | Management | For | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 2,041 | 0 | 20-Apr-2015 | 11-May-2015 |
| BEMIS COMPANY, INC. |
| Security | 081437105 | | | Meeting Type | Annual |
| Ticker Symbol | BMS | | | Meeting Date | 07-May-2015 | |
| ISIN | US0814371052 | | | Agenda | 934150638 - Management |
| Record Date | 09-Mar-2015 | | | Holding Recon Date | 09-Mar-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 06-May-2015 | |
| SEDOL(s) | | Quick Code | | |
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| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1. | Election of Directors | Management | | | | |
| | | 1 | WILLIAM F. AUSTEN | | For | For | | |
| | | 2 | RONALD J. FLOTO | | For | For | | |
| | | 3 | TIMOTHY M. MANGANELLO | | For | For | | |
| | | 4 | WILLIAM L. MANSFIELD | | For | For | | |
| | | 5 | ARUN NAYAR | | For | For | | |
| | | 6 | EDWARD N. PERRY | | For | For | | |
| | | 7 | PHILIP G. WEAVER | | For | For | | |
| 2. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 3. | 14A Executive Compensation | Management | For | For | | |
| 4. | Miscellaneous Corporate Actions | Management | For | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 2,303 | 0 | 20-Apr-2015 | 08-May-2015 |
| 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 |
| Record Date | 16-Mar-2015 | | | Holding Recon Date | 16-Mar-2015 | |
| City / | Country | | / | Canada | | Vote Deadline Date | 07-May-2015 | |
| SEDOL(s) | | Quick Code | | |
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| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 01 | Election of Directors (Majority Voting) | 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 | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 03 | Miscellaneous Corporate Actions | Management | For | For | | |
| 04 | 14A Executive Compensation | Management | For | For | | |
| 05 | Approve Charter Amendment | Management | For | For | | |
| 06 | S/H Proposal - Corporate Governance | Shareholder | Against | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 3,697 | 0 | 21-Apr-2015 | 13-May-2015 |
| ILLINOIS TOOL WORKS INC. |
| Security | 452308109 | | | Meeting Type | Annual |
| Ticker Symbol | ITW | | | Meeting Date | 08-May-2015 | |
| ISIN | US4523081093 | | | Agenda | 934147883 - Management |
| Record Date | 10-Mar-2015 | | | Holding Recon Date | 10-Mar-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 07-May-2015 | |
| SEDOL(s) | | Quick Code | | |
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| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1A. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1B. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1C. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1D. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1E. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1F. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1G. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1H. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1I. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1J. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1K. | Election of Directors (Majority Voting) | Management | For | For | | |
| 2. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 3. | 14A Executive Compensation | Management | For | For | | |
| 4. | Approve Stock Compensation Plan | Management | For | For | | |
| 5. | Approve Charter Amendment | Management | Against | Against | | |
| | | Comments-We do not believe it is appropriate to enable holders of below 25% of the common stock to have an unlimited ability to call special meetings for any purpose at any time. As such, we recommend a vote “AGAINST” this Proposal. |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 1,101 | 0 | 21-Apr-2015 | 11-May-2015 |
| ECOLAB INC. |
| Security | 278865100 | | | Meeting Type | Annual |
| Ticker Symbol | ECL | | | Meeting Date | 07-May-2015 | |
| ISIN | US2788651006 | | | Agenda | 934151426 - Management |
| Record Date | 10-Mar-2015 | | | Holding Recon Date | 10-Mar-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 06-May-2015 | |
| SEDOL(s) | | Quick Code | | |
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| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1A | Election of Directors (Majority Voting) | Management | For | For | | |
| 1B | Election of Directors (Majority Voting) | Management | For | For | | |
| 1C | Election of Directors (Majority Voting) | Management | For | For | | |
| 1D | Election of Directors (Majority Voting) | Management | For | For | | |
| 1E | Election of Directors (Majority Voting) | Management | For | For | | |
| 1F | Election of Directors (Majority Voting) | Management | For | For | | |
| 1G | Election of Directors (Majority Voting) | Management | For | For | | |
| 1H | Election of Directors (Majority Voting) | Management | For | For | | |
| 1I | Election of Directors (Majority Voting) | Management | For | For | | |
| 1J | Election of Directors (Majority Voting) | Management | For | For | | |
| 1K | Election of Directors (Majority Voting) | Management | For | For | | |
| 1L | Election of Directors (Majority Voting) | Management | For | For | | |
| 1M | Election of Directors (Majority Voting) | Management | For | For | | |
| 1N | Election of Directors (Majority Voting) | Management | For | For | | |
| 1O | Election of Directors (Majority Voting) | Management | For | For | | |
| 1P | Election of Directors (Majority Voting) | Management | For | For | | |
| 2 | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 3 | 14A Executive Compensation | Management | For | For | | |
| 4 | S/H Proposal - Establish Independent Chairman | Shareholder | For | Against | | |
| | | Comments-We believe that there is an inherent potential conflict, in having an Inside director serve as the Chairman of the board. Consequently, we prefer that companies separate the roles of the Chairman and CEO and that the Chairman be independent to further ensure board independence and accountability. We recommend a vote “FOR” this Proposal. |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 1,000 | 0 | 23-Apr-2015 | 08-May-2015 |
| 3M COMPANY |
| Security | 88579Y101 | | | Meeting Type | Annual |
| Ticker Symbol | MMM | | | Meeting Date | 12-May-2015 | |
| ISIN | US88579Y1010 | | | Agenda | 934147162 - Management |
| Record Date | 13-Mar-2015 | | | Holding Recon Date | 13-Mar-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 11-May-2015 | |
| SEDOL(s) | | Quick Code | | |
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| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1A. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1B. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1C. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1D. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1E. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1F. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1G. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1H. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1I. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1J. | Election of Directors (Majority Voting) | Management | For | For | | |
| 2. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 3. | 14A Executive Compensation | Management | For | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 685 | 0 | 23-Apr-2015 | 13-May-2015 |
| NATIONAL OILWELL VARCO, INC. |
| Security | 637071101 | | | Meeting Type | Annual |
| Ticker Symbol | NOV | | | Meeting Date | 13-May-2015 | |
| ISIN | US6370711011 | | | Agenda | 934185237 - Management |
| Record Date | 01-Apr-2015 | | | Holding Recon Date | 01-Apr-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 12-May-2015 | |
| SEDOL(s) | | Quick Code | | |
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| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1A | Election of Directors (Majority Voting) | Management | For | For | | |
| 1B | Election of Directors (Majority Voting) | Management | For | For | | |
| 1C | Election of Directors (Majority Voting) | Management | For | For | | |
| 1D | Election of Directors (Majority Voting) | Management | For | For | | |
| 1E | Election of Directors (Majority Voting) | Management | For | For | | |
| 1F | Election of Directors (Majority Voting) | Management | For | For | | |
| 1G | Election of Directors (Majority Voting) | Management | For | For | | |
| 1H | Election of Directors (Majority Voting) | Management | For | For | | |
| 1I | Election of Directors (Majority Voting) | Management | For | For | | |
| 2. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 3. | 14A Executive Compensation | Management | For | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 2,091 | 0 | 27-Apr-2015 | 14-May-2015 |
| SOUTHWEST AIRLINES CO. |
| Security | 844741108 | | | Meeting Type | Annual |
| Ticker Symbol | LUV | | | Meeting Date | 13-May-2015 | |
| ISIN | US8447411088 | | | Agenda | 934174486 - Management |
| Record Date | 17-Mar-2015 | | | Holding Recon Date | 17-Mar-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 12-May-2015 | |
| SEDOL(s) | | Quick Code | | |
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| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1A. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1B. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1C. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1D. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1E. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1F. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1G. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1H. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1I. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1J. | Election of Directors (Majority Voting) | Management | For | For | | |
| 2. | 14A Executive Compensation | Management | For | For | | |
| 3. | Amend Stock Compensation Plan | Management | For | For | | |
| 4. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 2,035 | 0 | 27-Apr-2015 | 14-May-2015 |
| LABORATORY CORP. OF AMERICA HOLDINGS |
| Security | 50540R409 | | | Meeting Type | Annual |
| Ticker Symbol | LH | | | Meeting Date | 13-May-2015 | |
| ISIN | US50540R4092 | | | Agenda | 934164548 - Management |
| Record Date | 16-Mar-2015 | | | Holding Recon Date | 16-Mar-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 12-May-2015 | |
| SEDOL(s) | | Quick Code | | |
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| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1A. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1B. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1C. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1D. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1E. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1F. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1G. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1H. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1I. | Election of Directors (Majority Voting) | Management | For | For | | |
| 2. | 14A Executive Compensation | Management | For | For | | |
| 3. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 758 | 0 | 28-Apr-2015 | 14-May-2015 |
| ENSCO PLC |
| Security | G3157S106 | | | Meeting Type | Annual |
| Ticker Symbol | ESV | | | Meeting Date | 18-May-2015 | |
| ISIN | GB00B4VLR192 | | | Agenda | 934170464 - Management |
| Record Date | 25-Mar-2015 | | | Holding Recon Date | 25-Mar-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 15-May-2015 | |
| SEDOL(s) | | Quick Code | | |
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| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1A. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1B. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1C. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1D. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1E. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1F. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1G. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1H. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1I. | Election of Directors (Majority Voting) | Management | For | For | | |
| 2. | Allot Securities | Management | For | For | | |
| 3. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 4. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 5. | Approve Remuneration of Directors and Auditors | Management | For | For | | |
| 6. | Amend Stock Compensation Plan | Management | For | For | | |
| 7. | Amend Cash/Stock Bonus Plan | Management | For | For | | |
| 8. | 14A Executive Compensation | Management | For | For | | |
| 9. | 14A Executive Compensation | Management | Against | Against | | |
| | | Comments-We note, however, after taking into account both the quantitative and qualitative measures outlined above, we believe that shareholders cannot support the current compensation policies put in place by the Company’s directors. Furthermore, we believe that the Company’s compensation policies and procedures are not effective or strongly aligned with the long-term interest of its shareholders. Therefore, we recommend a vote "AGAINST" this Resolution. |
| 10. | Receive Directors' Report | Management | For | For | | |
| 11. | Eliminate Pre-Emptive Rights | Management | For | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 6,179 | 0 | 28-Apr-2015 | 19-May-2015 |
| NUCOR CORPORATION |
| Security | 670346105 | | | Meeting Type | Annual |
| Ticker Symbol | NUE | | | Meeting Date | 14-May-2015 | |
| ISIN | US6703461052 | | | Agenda | 934158052 - Management |
| Record Date | 16-Mar-2015 | | | Holding Recon Date | 16-Mar-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 13-May-2015 | |
| SEDOL(s) | | Quick Code | | |
| | | | | | | | | | | | | | | | |
| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1. | Election of Directors | Management | | | | |
| | | 1 | JOHN J. FERRIOLA | | For | For | | |
| | | 2 | HARVEY B. GANTT | | For | For | | |
| | | 3 | GREGORY J. HAYES | | For | For | | |
| | | 4 | VICTORIA F. HAYNES, PHD | | For | For | | |
| | | 5 | BERNARD L. KASRIEL | | For | For | | |
| | | 6 | CHRISTOPHER J. KEARNEY | | For | For | | |
| | | 7 | RAYMOND J. MILCHOVICH | | For | For | | |
| | | 8 | JOHN H. WALKER | | For | For | | |
| 2. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 3. | S/H Proposal - Political/Government | Shareholder | Against | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 5,354 | 0 | 29-Apr-2015 | 15-May-2015 |
| CREDIT ACCEPTANCE CORPORATION |
| Security | 225310101 | | | Meeting Type | Annual |
| Ticker Symbol | CACC | | | Meeting Date | 14-May-2015 | |
| ISIN | US2253101016 | | | Agenda | 934165906 - Management |
| Record Date | 19-Mar-2015 | | | Holding Recon Date | 19-Mar-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 13-May-2015 | |
| SEDOL(s) | | Quick Code | | |
| | | | | | | | | | | | | | | | |
| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1. | Election of Directors | Management | | | | |
| | | 1 | DONALD A. FOSS | | For | For | | |
| | | 2 | GLENDA J. FLANAGAN | | For | For | | |
| | | 3 | BRETT A. ROBERTS | | For | For | | |
| | | 4 | THOMAS N. TRYFOROS | | For | For | | |
| | | 5 | SCOTT J. VASSALLUZZO | | For | For | | |
| 2. | 14A Executive Compensation | Management | For | For | | |
| 3. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 625 | 0 | 29-Apr-2015 | 15-May-2015 |
| THE WESTERN UNION COMPANY |
| Security | 959802109 | | | Meeting Type | Annual |
| Ticker Symbol | WU | | | Meeting Date | 15-May-2015 | |
| ISIN | US9598021098 | | | Agenda | 934165146 - Management |
| Record Date | 19-Mar-2015 | | | Holding Recon Date | 19-Mar-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 14-May-2015 | |
| SEDOL(s) | | Quick Code | | |
| | | | | | | | | | | | | | | | |
| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1A. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1B. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1C. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1D. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1E. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1F. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1G. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1H. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1I. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1J. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1K. | Election of Directors (Majority Voting) | Management | For | For | | |
| 2. | 14A Executive Compensation | Management | For | For | | |
| 3. | Approve Stock Compensation Plan | Management | For | For | | |
| 4. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 5. | S/H Proposal - Corporate Governance | Shareholder | Against | For | | |
| 6. | S/H Proposal - Political/Government | Shareholder | Against | For | | |
| 7. | S/H Proposal - Corporate Governance | Shareholder | Against | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 4,500 | 0 | 29-Apr-2015 | 18-May-2015 |
| CONSOLIDATED EDISON, INC. |
| Security | 209115104 | | | Meeting Type | Annual |
| Ticker Symbol | ED | | | Meeting Date | 18-May-2015 | |
| ISIN | US2091151041 | | | Agenda | 934161073 - Management |
| Record Date | 24-Mar-2015 | | | Holding Recon Date | 24-Mar-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 15-May-2015 | |
| SEDOL(s) | | Quick Code | | |
| | | | | | | | | | | | | | | | |
| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1A. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1B. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1C. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1D. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1E. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1F. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1G. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1H. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1I. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1J. | Election of Directors (Majority Voting) | Management | For | For | | |
| 2. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 3. | 14A Executive Compensation | Management | For | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 1,706 | 0 | 29-Apr-2015 | 19-May-2015 |
| TERNIUM S.A. |
| Security | 880890108 | | | Meeting Type | Annual |
| Ticker Symbol | TX | | | Meeting Date | 06-May-2015 | |
| ISIN | US8808901081 | | | Agenda | 934207475 - Management |
| Record Date | 07-Apr-2015 | | | Holding Recon Date | 07-Apr-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 29-Apr-2015 | |
| SEDOL(s) | | Quick Code | | |
| | | | | | | | | | | | | | | | |
| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1. | Receive Consolidated Financial Statements | Management | For | For | | |
| 2. | Receive Directors' Report | Management | For | For | | |
| 3. | Dividends | Management | For | For | | |
| 4. | Director Removal Without Cause | Management | For | For | | |
| 5. | Election of Directors (Full Slate) | Management | Against | Against | | |
| | | Comments-We recommend that clients "WITHHOLD" votes from ALL the nominees, as there was insufficient information provided by the Company, so that we are unable to make a meaningful recommendation. We believe that companies should provide proper disclosure concerning the Board of directors, including the nominees, backgrounds of the directors, membership on the key Board committees and attendance at Board and committee meetings for transparency and sound corporate governance practice. |
| 6. | 14A Executive Compensation | Management | Against | Against | | |
| | | Comments-We note, however, that there was insufficient information provided by the Company, so that we are unable to make a meaningful recommendation. We recommend a vote “AGAINST” this Resolution |
| 7. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 8. | Stock Repurchase Plan | Management | Against | Against | | |
| | | Comments-We note, however, that there was insufficient information provided by the Company, so that we are unable to make a meaningful recommendation. We recommend a vote “AGAINST” this Resolution. |
| 9. | Approve Previous Board's Actions | Management | For | For | | |
| 10. | Approve Previous Board's Actions | Management | For | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 7,024 | 0 | 30-Apr-2015 | 01-May-2015 |
| TRANSOCEAN, LTD. |
| Security | H8817H100 | | | Meeting Type | Annual |
| Ticker Symbol | RIG | | | Meeting Date | 15-May-2015 | |
| ISIN | CH0048265513 | | | Agenda | 934158848 - Management |
| Record Date | 16-Mar-2015 | | | Holding Recon Date | 16-Mar-2015 | |
| City / | Country | | / | Switzerland | | Vote Deadline Date | 14-May-2015 | |
| SEDOL(s) | | Quick Code | | |
| | | | | | | | | | | | | | | | |
| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1 | Receive Consolidated Financial Statements | Management | For | For | | |
| 2 | Approve Financial Statements, Allocation of Income, and Discharge Directors | Management | For | For | | |
| 3 | Miscellaneous Corporate Actions | Management | For | For | | |
| 4 | Dividends | Management | For | For | | |
| 5A | Election of Directors (Full Slate) | Management | For | For | | |
| 5B | Election of Directors (Full Slate) | Management | For | For | | |
| 5C | Election of Directors (Full Slate) | Management | For | For | | |
| 5D | Election of Directors (Full Slate) | Management | For | For | | |
| 5E | Election of Directors (Full Slate) | Management | For | For | | |
| 5F | Election of Directors (Full Slate) | Management | For | For | | |
| 5G | Election of Directors (Full Slate) | Management | For | For | | |
| 5H | Election of Directors (Full Slate) | Management | For | For | | |
| 5I | Election of Directors (Full Slate) | Management | For | For | | |
| 5J | Election of Directors (Full Slate) | Management | For | For | | |
| 6 | Election of Directors (Majority Voting) | Management | For | For | | |
| 7A | Election of Directors (Majority Voting) | Management | For | For | | |
| 7B | Election of Directors (Majority Voting) | Management | For | For | | |
| 7C | Election of Directors (Majority Voting) | Management | For | For | | |
| 7D | Election of Directors (Majority Voting) | Management | For | For | | |
| 8 | Election of Directors (Full Slate) | Management | For | For | | |
| 9 | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 10 | 14A Executive Compensation | Management | Against | Against | | |
| | | Comments-We note, however, after taking into account both the quantitative and qualitative measures outlined above, we believe that shareholders cannot support the current compensation policies put in place by the Company’s directors. Furthermore, we believe that the Company’s compensation policies and procedures are not effective or strongly aligned with the long-term interest of its shareholders. Therefore, we recommend a vote "AGAINST" this Proposal. |
| 11A | Miscellaneous Compensation Plans | Management | For | For | | |
| 11B | Miscellaneous Compensation Plans | Management | For | For | | |
| 12 | Approve Stock Compensation Plan | Management | Against | Against | | |
| | | Comments-We note however, after taking into account the maximum amount of shareholder equity dilution this proposal could cause, as well as both the quantitative and qualitative measures outlined above, we believe that shareholders should not support the passage of this plan as proposed by the board of directors. We recommend the board seek to align CEO pay more closely with the performance of the company and work to reduce the cost of any similar plan that may be proposed in the future. Therefore, we recommend a vote "AGAINST" this Proposal. |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 7,391 | 0 | 30-Apr-2015 | 18-May-2015 |
| GAP INC. |
| Security | 364760108 | | | Meeting Type | Annual |
| Ticker Symbol | GPS | | | Meeting Date | 19-May-2015 | |
| ISIN | US3647601083 | | | Agenda | 934175197 - Management |
| Record Date | 23-Mar-2015 | | | Holding Recon Date | 23-Mar-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 18-May-2015 | |
| SEDOL(s) | | Quick Code | | |
| | | | | | | | | | | | | | | | |
| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1A. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1B. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1C. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1D. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1E. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1F. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1G. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1H. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1I. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1J. | Election of Directors (Majority Voting) | Management | For | For | | |
| 2. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 3. | Amend Stock Compensation Plan | Management | For | For | | |
| 4. | 14A Executive Compensation | Management | For | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 2,324 | 0 | 04-May-2015 | 20-May-2015 |
| TRANSOCEAN, LTD. |
| Security | H8817H100 | | | Meeting Type | Annual |
| Ticker Symbol | RIG | | | Meeting Date | 15-May-2015 | |
| ISIN | CH0048265513 | | | Agenda | 934215573 - Management |
| Record Date | 28-Apr-2015 | | | Holding Recon Date | 28-Apr-2015 | |
| City / | Country | | / | Switzerland | | Vote Deadline Date | 14-May-2015 | |
| SEDOL(s) | | Quick Code | | |
| | | | | | | | | | | | | | | | |
| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1 | Receive Consolidated Financial Statements | Management | For | For | | |
| 2 | Approve Financial Statements, Allocation of Income, and Discharge Directors | Management | For | For | | |
| 3 | Miscellaneous Corporate Actions | Management | For | For | | |
| 4 | Dividends | Management | For | For | | |
| 5A | Election of Directors (Full Slate) | Management | For | For | | |
| 5B | Election of Directors (Full Slate) | Management | For | For | | |
| 5C | Election of Directors (Full Slate) | Management | For | For | | |
| 5D | Election of Directors (Full Slate) | Management | For | For | | |
| 5E | Election of Directors (Full Slate) | Management | For | For | | |
| 5F | Election of Directors (Full Slate) | Management | For | For | | |
| 5G | Election of Directors (Full Slate) | Management | For | For | | |
| 5H | Election of Directors (Full Slate) | Management | For | For | | |
| 5I | Election of Directors (Full Slate) | Management | For | For | | |
| 5J | Election of Directors (Full Slate) | Management | For | For | | |
| 6 | Election of Directors (Majority Voting) | Management | For | For | | |
| 7A | Election of Directors (Majority Voting) | Management | For | For | | |
| 7B | Election of Directors (Majority Voting) | Management | For | For | | |
| 7C | Election of Directors (Majority Voting) | Management | For | For | | |
| 7D | Election of Directors (Majority Voting) | Management | For | For | | |
| 8 | Election of Directors (Full Slate) | Management | For | For | | |
| 9 | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 10 | 14A Executive Compensation | Management | For | For | | |
| 11A | Miscellaneous Compensation Plans | Management | For | For | | |
| 11B | Miscellaneous Compensation Plans | Management | For | For | | |
| 12 | Approve Stock Compensation Plan | Management | Against | Against | | |
| | | Comments-We note however, after taking into account the maximum amount of shareholder equity dilution this proposal could cause, as well as both the quantitative and qualitative measures outlined above, we believe that shareholders should not support the passage of this plan as proposed by the board of directors. We recommend the board seek to align CEO pay more closely with the performance of the company and work to reduce the cost of any similar plan that may be proposed in the future. Therefore, we recommend a vote "AGAINST" this Proposal. |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 9,178 | 0 | 05-May-2015 | 18-May-2015 |
| INGREDION INC |
| Security | 457187102 | | | Meeting Type | Annual |
| Ticker Symbol | INGR | | | Meeting Date | 20-May-2015 | |
| ISIN | US4571871023 | | | Agenda | 934171478 - Management |
| Record Date | 23-Mar-2015 | | | Holding Recon Date | 23-Mar-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 19-May-2015 | |
| SEDOL(s) | | Quick Code | | |
| | | | | | | | | | | | | | | | |
| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1A. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1B. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1C. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1D. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1E. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1F. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1G. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1H. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1I. | Election of Directors (Majority Voting) | Management | For | For | | |
| 2. | 14A Executive Compensation | Management | Against | Against | | |
| | | Comments-We note, however, after taking into account both the quantitative and qualitative measures outlined above, we believe that shareholders cannot support the current compensation policies put in place by the Company’s directors. Furthermore, we believe that the Company’s compensation policies and procedures are not effective or strongly aligned with the long-term interest of its shareholders. Therefore, we recommend a vote "AGAINST" this Proposal. |
| 3. | Approve Stock Compensation Plan | Management | Against | Against | | |
| | | Comments-However, after taking into account the maximum amount of shareholder equity dilution this proposal could cause, as well as both the quantitative and qualitative measures outlined above, we believe that shareholders should not support the passage of this plan as proposed by the board of directors. Excessive compensation packages have been an on-going cause of concern among shareholders and investors. We believe that the board should seek to define CEO and employee pay more clearly as well as link that pay with the performance of the company and work to reduce the potential cost of any similar plan that may be proposed in the future. Therefore, we recommend a vote "AGAINST" this Proposal. |
| 4. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 1,155 | 0 | 05-May-2015 | 21-May-2015 |
| CORE LABORATORIES N.V. |
| Security | N22717107 | | | Meeting Type | Annual |
| Ticker Symbol | CLB | | | Meeting Date | 21-May-2015 | |
| ISIN | NL0000200384 | | | Agenda | 934167138 - Management |
| Record Date | 13-Mar-2015 | | | Holding Recon Date | 13-Mar-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 20-May-2015 | |
| SEDOL(s) | | Quick Code | | |
| | | | | | | | | | | | | | | | |
| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1A. | Elect Supervisory Board Member | Management | For | For | | |
| 1B. | Elect Supervisory Board Member | Management | For | For | | |
| 2. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 3. | 14A Executive Compensation | Management | For | For | | |
| 4. | Adopt Accounts for Past Year | Management | For | For | | |
| 5. | Authorize Directors to Repurchase Shares | Management | For | For | | |
| 6. | Amend Articles/Charter to Reflect Changes in Capital | Management | For | For | | |
| 7. | Miscellaneous Corporate Actions | Management | For | For | | |
| 8. | Authorize Co to Carry Out Rights Issues/Ltd Issuances w/o Preemptive Rights | Management | For | For | | |
| 9. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 1,427 | 0 | 08-May-2015 | 22-May-2015 |
| CORE LABORATORIES N.V. |
| Security | N22717107 | | | Meeting Type | Annual |
| Ticker Symbol | CLB | | | Meeting Date | 21-May-2015 | |
| ISIN | NL0000200384 | | | Agenda | 934210193 - Management |
| Record Date | 23-Apr-2015 | | | Holding Recon Date | 23-Apr-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 20-May-2015 | |
| SEDOL(s) | | Quick Code | | |
| | | | | | | | | | | | | | | | |
| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1A. | Elect Supervisory Board Member | Management | For | For | | |
| 1B. | Elect Supervisory Board Member | Management | For | For | | |
| 2. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 3. | 14A Executive Compensation | Management | For | For | | |
| 4. | Adopt Accounts for Past Year | Management | For | For | | |
| 5. | Authorize Directors to Repurchase Shares | Management | For | For | | |
| 6. | Amend Articles/Charter to Reflect Changes in Capital | Management | For | For | | |
| 7. | Miscellaneous Corporate Actions | Management | For | For | | |
| 8. | Authorize Co to Carry Out Rights Issues/Ltd Issuances w/o Preemptive Rights | Management | For | For | | |
| 9. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 1,427 | 0 | 08-May-2015 | 22-May-2015 |
| WABCO HOLDINGS INC. |
| Security | 92927K102 | | | Meeting Type | Annual |
| Ticker Symbol | WBC | | | Meeting Date | 21-May-2015 | |
| ISIN | US92927K1025 | | | Agenda | 934167443 - Management |
| Record Date | 27-Mar-2015 | | | Holding Recon Date | 27-Mar-2015 | |
| City / | Country | | / | Belgium | | Vote Deadline Date | 20-May-2015 | |
| SEDOL(s) | | Quick Code | | |
| | | | | | | | | | | | | | | | |
| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1. | Election of Directors | Management | | | | |
| | | 1 | MICHAEL T. SMITH | | For | For | | |
| | | 2 | JEAN-PAUL L. MONTUPET | | For | For | | |
| | | 3 | DAVID N. REILLY, CBE | | For | For | | |
| 2. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 3. | 14A Executive Compensation | Management | For | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 1,295 | 0 | 08-May-2015 | 22-May-2015 |
| CHEVRON CORPORATION |
| Security | 166764100 | | | Meeting Type | Annual |
| Ticker Symbol | CVX | | | Meeting Date | 27-May-2015 | |
| ISIN | US1667641005 | | | Agenda | 934174575 - Management |
| Record Date | 01-Apr-2015 | | | Holding Recon Date | 01-Apr-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 26-May-2015 | |
| SEDOL(s) | | Quick Code | | |
| | | | | | | | | | | | | | | | |
| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1A. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1B. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1C. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1D. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1E. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1F. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1G. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1H. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1I. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1J. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1K. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1L. | Election of Directors (Majority Voting) | Management | For | For | | |
| 2. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 3. | 14A Executive Compensation | Management | Against | Against | | |
| | | Comments-We note, however, after taking into account both the quantitative and qualitative measures outlined above, we believe that shareholders cannot support the current compensation policies put in place by the Company’s directors. Furthermore, we believe that the Company’s compensation policies and procedures are not effective or strongly aligned with the long-term interest of its shareholders. Therefore, we recommend a vote "AGAINST" this Proposal. |
| 4. | S/H Proposal - Report on Charitable Contributions | Shareholder | Against | For | | |
| 5. | S/H Proposal - Corporate Governance | Shareholder | Against | For | | |
| 6. | S/H Proposal - Political/Government | Shareholder | Against | For | | |
| 7. | S/H Proposal - Corporate Governance | Shareholder | Against | For | | |
| 8. | S/H Proposal - Report/Reduce Greenhouse Gas Emissions | Shareholder | Against | For | | |
| 9. | S/H Proposal - Environmental | Shareholder | For | Against | | |
| | | Comments-We believe that approval of this proposal is in the best interests of the Company and its shareholders. We recommend a vote “FOR” this Proposal. |
| 10. | S/H Proposal - Access To Proxy | Shareholder | Against | For | | |
| 11. | S/H Proposal - Establish Independent Chairman | Shareholder | For | Against | | |
| | | Comments-We believe that there is an inherent potential conflict, in having an Inside director serve as the Chairman of the board. Consequently, we prefer that companies separate the roles of the Chairman and CEO and that the Chairman be independent to further ensure board independence and accountability. We recommend a vote “FOR” this Proposal. |
| 12. | S/H Proposal - Environmental | Shareholder | Against | For | | |
| 13. | S/H Proposal - Corporate Governance | Shareholder | Against | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 1,172 | 0 | 12-May-2015 | 28-May-2015 |
| ULTRA PETROLEUM CORP. |
| Security | 903914109 | | | Meeting Type | Annual |
| Ticker Symbol | UPL | | | Meeting Date | 21-May-2015 | |
| ISIN | CA9039141093 | | | Agenda | 934171480 - Management |
| Record Date | 25-Mar-2015 | | | Holding Recon Date | 25-Mar-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 18-May-2015 | |
| SEDOL(s) | | Quick Code | | |
| | | | | | | | | | | | | | | | |
| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1A. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1B. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1C. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1D. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1E. | Election of Directors (Majority Voting) | Management | For | For | | |
| 2. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 3. | 14A Executive Compensation | Management | Against | Against | | |
| | | Comments-We note, however, after taking into account both the quantitative and qualitative measures outlined above, we believe that shareholders cannot support the current compensation policies put in place by the Company’s directors. Furthermore, we believe that the Company’s compensation policies and procedures are not effective or strongly aligned with the long-term interest of its shareholders. Therefore, we recommend a vote "AGAINST" this Proposal. |
| 4. | S/H Proposal - Corporate Governance | Shareholder | Against | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 8,986 | 0 | 12-May-2015 | 22-May-2015 |
| EXXON MOBIL CORPORATION |
| Security | 30231G102 | | | Meeting Type | Annual |
| Ticker Symbol | XOM | | | Meeting Date | 27-May-2015 | |
| ISIN | US30231G1022 | | | Agenda | 934184665 - Management |
| Record Date | 07-Apr-2015 | | | Holding Recon Date | 07-Apr-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 26-May-2015 | |
| SEDOL(s) | | Quick Code | | |
| | | | | | | | | | | | | | | | |
| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1. | Election of Directors | Management | | | | |
| | | 1 | M.J. BOSKIN | | For | For | | |
| | | 2 | P. BRABECK-LETMATHE | | For | For | | |
| | | 3 | U.M. BURNS | | For | For | | |
| | | 4 | L.R. FAULKNER | | For | For | | |
| | | 5 | J.S. FISHMAN | | For | For | | |
| | | 6 | H.H. FORE | | For | For | | |
| | | 7 | K.C. FRAZIER | | For | For | | |
| | | 8 | D.R. OBERHELMAN | | For | For | | |
| | | 9 | S.J. PALMISANO | | For | For | | |
| | | 10 | S.S REINEMUND | | For | For | | |
| | | 11 | R.W. TILLERSON | | For | For | | |
| | | 12 | W.C. WELDON | | For | For | | |
| 2. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 3. | 14A Executive Compensation | Management | Against | Against | | |
| | | Comments-We believe that there is an inherent potential conflict, in having an Inside director serve as the Chairman of the board. Consequently, we prefer that companies separate the roles of the Chairman and CEO and that the Chairman be independent to further ensure board independence and accountability. We recommend a vote “FOR” this Proposal. |
| 4. | S/H Proposal - Establish Independent Chairman | Shareholder | For | Against | | |
| | | Comments-We believe that there is an inherent potential conflict, in having an Inside director serve as the Chairman of the board. Consequently, we prefer that companies separate the roles of the Chairman and CEO and that the Chairman be independent to further ensure board independence and accountability. We recommend a vote “FOR” this Proposal. |
| 5. | S/H Proposal - Access To Proxy | Shareholder | Against | For | | |
| 6. | S/H Proposal - Environmental | Shareholder | Against | For | | |
| 7. | S/H Proposal - Human Rights Related | Shareholder | Against | For | | |
| 8. | S/H Proposal - Corporate Governance | Shareholder | Against | For | | |
| 9. | S/H Proposal - Political/Government | Shareholder | Against | For | | |
| 10. | S/H Proposal - Report/Reduce Greenhouse Gas Emissions | Shareholder | Against | For | | |
| 11. | S/H Proposal - Environmental | Shareholder | For | Against | | |
| | | Comments-We believe that transparency is important for evaluating risks and ensuring that investors and stakeholders have adequate information necessary to make informed decisions. Accordingly, we recommend a vote “FOR” this Proposal. |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 1,475 | 0 | 12-May-2015 | 28-May-2015 |
| BLACKROCK, INC. |
| Security | 09247X101 | | | Meeting Type | Annual |
| Ticker Symbol | BLK | | | Meeting Date | 28-May-2015 | |
| ISIN | US09247X1019 | | | Agenda | 934188132 - Management |
| Record Date | 01-Apr-2015 | | | Holding Recon Date | 01-Apr-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 27-May-2015 | |
| SEDOL(s) | | Quick Code | | |
| | | | | | | | | | | | | | | | |
| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1A. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1B. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1C. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1D. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1E. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1F. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1G. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1H. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1I. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1J. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1K. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1L. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1M. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1N. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1O. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1P. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1Q. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1R. | Election of Directors (Majority Voting) | Management | For | For | | |
| 2. | Amend Stock Compensation Plan | Management | For | For | | |
| 3. | 14A Executive Compensation | Management | For | For | | |
| 4. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 5. | S/H Proposal - Human Rights Related | Shareholder | Against | For | | |
| 6. | S/H Proposal - Political/Government | Shareholder | Against | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 287 | 0 | 13-May-2015 | 29-May-2015 |
| WALGREENS BOOTS ALLIANCE |
| Security | 931427108 | | | Meeting Type | Annual |
| Ticker Symbol | WBA | | | Meeting Date | 28-May-2015 | |
| ISIN | US9314271084 | | | Agenda | 934190202 - Management |
| Record Date | 30-Mar-2015 | | | Holding Recon Date | 30-Mar-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 27-May-2015 | |
| SEDOL(s) | | Quick Code | | |
| | | | | | | | | | | | | | | | |
| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1A. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1B. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1C. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1D. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1E. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1F. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1G. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1H. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1I. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1J. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1K. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1L. | Election of Directors (Majority Voting) | Management | For | For | | |
| 2. | 14A Executive Compensation | Management | For | For | | |
| 3. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 4. | S/H Proposal - Executive Compensation | Shareholder | Against | For | | |
| 5. | S/H Proposal - Executive Compensation | Shareholder | Against | For | | |
| 6. | S/H Proposal - Access To Proxy | Shareholder | Against | For | | |
| 7. | S/H Proposal - Corporate Governance | Shareholder | Against | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 456 | 0 | 13-May-2015 | 29-May-2015 |
| MCDONALD'S CORPORATION |
| Security | 580135101 | | | Meeting Type | Annual |
| Ticker Symbol | MCD | | | Meeting Date | 21-May-2015 | |
| ISIN | US5801351017 | | | Agenda | 934171618 - Management |
| Record Date | 23-Mar-2015 | | | Holding Recon Date | 23-Mar-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 20-May-2015 | |
| SEDOL(s) | | Quick Code | | |
| | | | | | | | | | | | | | | | |
| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1A. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1B. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1C. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1D. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1E. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1F. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1G. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1H. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1I. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1J. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1K. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1L. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1M. | Election of Directors (Majority Voting) | Management | For | For | | |
| 2. | 14A Executive Compensation | Management | For | For | | |
| 3. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 4. | S/H Proposal - Corporate Governance | Shareholder | Against | For | | |
| 5. | S/H Proposal - Corporate Governance | Shareholder | Against | For | | |
| 6. | S/H Proposal - Corporate Governance | Shareholder | Against | For | | |
| 7. | S/H Proposal - Political/Government | Shareholder | Against | For | | |
| 8. | S/H Proposal - Health Issues | Shareholder | Against | For | | |
| 9. | S/H Proposal - Environmental | Shareholder | Against | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 1,500 | 0 | 15-May-2015 | 22-May-2015 |
| COGNIZANT TECHNOLOGY SOLUTIONS CORP. |
| Security | 192446102 | | | Meeting Type | Annual |
| Ticker Symbol | CTSH | | | Meeting Date | 02-Jun-2015 | |
| ISIN | US1924461023 | | | Agenda | 934192129 - Management |
| Record Date | 06-Apr-2015 | | | Holding Recon Date | 06-Apr-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 01-Jun-2015 | |
| SEDOL(s) | | Quick Code | | |
| | | | | | | | | | | | | | | | |
| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1A. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1B. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1C. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1D. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1E. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1F. | Election of Directors (Majority Voting) | Management | For | For | | |
| 2. | 14A Executive Compensation | Management | For | For | | |
| 3. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 4. | S/H Proposal - Corporate Governance | Shareholder | Against | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 1,563 | 0 | 15-May-2015 | 03-Jun-2015 |
| SYNTEL, INC. |
| Security | 87162H103 | | | Meeting Type | Annual |
| Ticker Symbol | SYNT | | | Meeting Date | 02-Jun-2015 | |
| ISIN | US87162H1032 | | | Agenda | 934194577 - Management |
| Record Date | 07-Apr-2015 | | | Holding Recon Date | 07-Apr-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 01-Jun-2015 | |
| SEDOL(s) | | Quick Code | | |
| | | | | | | | | | | | | | | | |
| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1 | Election of Directors | Management | | | | |
| | | 1 | PARITOSH K. CHOKSI | | For | For | | |
| | | 2 | BHARAT DESAI | | For | For | | |
| | | 3 | THOMAS DOKE | | For | For | | |
| | | 4 | RAJESH MASHRUWALA | | For | For | | |
| | | 5 | GEORGE R. MRKONIC, JR. | | For | For | | |
| | | 6 | NITIN RAKESH | | For | For | | |
| | | 7 | PRASHANT RANADE | | For | For | | |
| | | 8 | VINOD K. SAHNEY | | For | For | | |
| | | 9 | NEERJA SETHI | | For | For | | |
| 2 | Authorize Common Stock Increase | Management | Against | Against | | |
| | | Comments-However, we believe that companies should not utilize dual class capital structures to provide equal voting rights to all shareholders. As such, we recommend a vote “AGAINST” this Proposal. |
| 3 | Ratify Appointment of Independent Auditors | Management | For | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 1,794 | 0 | 18-May-2015 | 03-Jun-2015 |
| DICK'S SPORTING GOODS, INC. |
| Security | 253393102 | | | Meeting Type | Annual |
| Ticker Symbol | DKS | | | Meeting Date | 03-Jun-2015 | |
| ISIN | US2533931026 | | | Agenda | 934194325 - Management |
| Record Date | 06-Apr-2015 | | | Holding Recon Date | 06-Apr-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 02-Jun-2015 | |
| SEDOL(s) | | Quick Code | | |
| | | | | | | | | | | | | | | | |
| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1A. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1B. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1C. | Election of Directors (Majority Voting) | Management | For | For | | |
| 2. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 3. | 14A Executive Compensation | Management | For | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 1,654 | 0 | 18-May-2015 | 04-Jun-2015 |
| LOWE'S COMPANIES, INC. |
| Security | 548661107 | | | Meeting Type | Annual |
| Ticker Symbol | LOW | | | Meeting Date | 29-May-2015 | |
| ISIN | US5486611073 | | | Agenda | 934184831 - Management |
| Record Date | 27-Mar-2015 | | | Holding Recon Date | 27-Mar-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 28-May-2015 | |
| SEDOL(s) | | Quick Code | | |
| | | | | | | | | | | | | | | | |
| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1. | Election of Directors | Management | | | | |
| | | 1 | RAUL ALVAREZ | | For | For | | |
| | | 2 | DAVID W. BERNAUER | | For | For | | |
| | | 3 | ANGELA F. BRALY | | For | For | | |
| | | 4 | LAURIE Z. DOUGLAS | | For | For | | |
| | | 5 | RICHARD W. DREILING | | For | For | | |
| | | 6 | ROBERT L. JOHNSON | | For | For | | |
| | | 7 | MARSHALL O. LARSEN | | For | For | | |
| | | 8 | RICHARD K. LOCHRIDGE | | For | For | | |
| | | 9 | JAMES H. MORGAN | | For | For | | |
| | | 10 | ROBERT A. NIBLOCK | | For | For | | |
| | | 11 | ERIC C. WISEMAN | | For | For | | |
| 2. | 14A Executive Compensation | Management | For | For | | |
| 3. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 3,022 | 0 | 19-May-2015 | 01-Jun-2015 |
| LAS VEGAS SANDS CORP. |
| Security | 517834107 | | | Meeting Type | Annual |
| Ticker Symbol | LVS | | | Meeting Date | 04-Jun-2015 | |
| ISIN | US5178341070 | | | Agenda | 934202184 - Management |
| Record Date | 13-Apr-2015 | | | Holding Recon Date | 13-Apr-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 03-Jun-2015 | |
| SEDOL(s) | | Quick Code | | |
| | | | | | | | | | | | | | | | |
| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1 | Election of Directors | Management | | | | |
| | | 1 | JASON N. ADER | | For | For | | |
| | | 2 | MICHELINE CHAU | | For | For | | |
| | | 3 | MICHAEL A. LEVEN | | For | For | | |
| | | 4 | DAVID F. LEVI | | For | For | | |
| 2 | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 3 | 14A Executive Compensation | Management | For | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 1,891 | 0 | 19-May-2015 | 05-Jun-2015 |
| THE PRICELINE GROUP INC. |
| Security | 741503403 | | | Meeting Type | Annual |
| Ticker Symbol | PCLN | | | Meeting Date | 04-Jun-2015 | |
| ISIN | US7415034039 | | | Agenda | 934200938 - Management |
| Record Date | 09-Apr-2015 | | | Holding Recon Date | 09-Apr-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 03-Jun-2015 | |
| SEDOL(s) | | Quick Code | | |
| | | | | | | | | | | | | | | | |
| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1. | Election of Directors | Management | | | | |
| | | 1 | TIMOTHY M. ARMSTRONG | | For | For | | |
| | | 2 | HOWARD W. BARKER, JR. | | For | For | | |
| | | 3 | JEFFERY H. BOYD | | For | For | | |
| | | 4 | JAN L. DOCTER | | For | For | | |
| | | 5 | JEFFREY E. EPSTEIN | | For | For | | |
| | | 6 | JAMES M. GUYETTE | | For | For | | |
| | | 7 | DARREN R. HUSTON | | For | For | | |
| | | 8 | CHARLES H. NOSKI | | For | For | | |
| | | 9 | NANCY B. PERETSMAN | | For | For | | |
| | | 10 | THOMAS E. ROTHMAN | | For | For | | |
| | | 11 | CRAIG W. RYDIN | | For | For | | |
| 2. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 3. | 14A Executive Compensation | Management | Against | Against | | |
| | | Comments-We note, however, after taking into account both the quantitative and qualitative measures outlined above, we believe that shareholders cannot support the current compensation policies put in place by the Company’s directors. Furthermore, we believe that the Company’s compensation policies and procedures are not effective or strongly aligned with the long-term interest of its shareholders. Therefore, we recommend a vote "AGAINST" this Proposal. |
| 4. | S/H Proposal - Corporate Governance | Shareholder | Against | For | | |
| 5. | S/H Proposal - Access To Proxy | Shareholder | Against | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 105 | 0 | 20-May-2015 | 05-Jun-2015 |
| WAL-MART STORES, INC. |
| Security | 931142103 | | | Meeting Type | Annual |
| Ticker Symbol | WMT | | | Meeting Date | 05-Jun-2015 | |
| ISIN | US9311421039 | | | Agenda | 934195860 - Management |
| Record Date | 10-Apr-2015 | | | Holding Recon Date | 10-Apr-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 04-Jun-2015 | |
| SEDOL(s) | | Quick Code | | |
| | | | | | | | | | | | | | | | |
| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1A. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1B. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1C. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1D. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1E. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1F. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1G. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1H. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1I. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1J. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1K. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1L. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1M. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1N. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1O. | Election of Directors (Majority Voting) | Management | For | For | | |
| 2. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 3. | 14A Executive Compensation | Management | For | For | | |
| 4. | Approve Stock Compensation Plan | Management | For | For | | |
| 5. | S/H Proposal - Corporate Governance | Shareholder | Against | For | | |
| 6. | S/H Proposal - Access To Proxy | Shareholder | Against | For | | |
| 7. | S/H Proposal - Report/Reduce Greenhouse Gas Emissions | Shareholder | Against | For | | |
| 8. | S/H Proposal - Executive Compensation | Shareholder | Against | For | | |
| 9. | S/H Proposal - Establish Independent Chairman | Shareholder | For | Against | | |
| | | Comments-We believe that there is an inherent potential conflict, in having an Inside director serve as the Chairman of the board. Consequently, we prefer that companies separate the roles of the Chairman and CEO and that the Chairman be independent to further ensure board independence and accountability. We recommend a vote “FOR” this Proposal. |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 1,489 | 0 | 26-May-2015 | 08-Jun-2015 |
| TARGET CORPORATION |
| Security | 87612E106 | | | Meeting Type | Annual |
| Ticker Symbol | TGT | | | Meeting Date | 10-Jun-2015 | |
| ISIN | US87612E1064 | | | Agenda | 934206435 - Management |
| Record Date | 13-Apr-2015 | | | Holding Recon Date | 13-Apr-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 09-Jun-2015 | |
| SEDOL(s) | | Quick Code | | |
| | | | | | | | | | | | | | | | |
| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1A. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1B. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1C. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1D. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1E. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1F. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1G. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1H. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1I. | Election of Directors (Majority Voting) | Management | For | For | | |
| 1J. | Election of Directors (Majority Voting) | Management | For | For | | |
| 2. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| 3. | 14A Executive Compensation | Management | For | For | | |
| 4. | Amend Stock Compensation Plan | Management | For | For | | |
| 5. | S/H Proposal - Establish Independent Chairman | Shareholder | For | Against | | |
| | | Comments-We believe that there is an inherent potential conflict, in having an Inside director serve as the Chairman of the board. Consequently, we prefer that companies separate the roles of the Chairman and CEO and that the Chairman be independent to further ensure board independence and accountability. We recommend a vote “FOR” this Proposal. |
| 6. | S/H Proposal - Create a Non-Discriminatory Sexual Orientation Policy | Shareholder | Against | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 1,491 | 0 | 03-Jun-2015 | 11-Jun-2015 |
| GRAN TIERRA ENERGY INC. |
| Security | 38500T101 | | | Meeting Type | Annual |
| Ticker Symbol | GTE | | | Meeting Date | 24-Jun-2015 | |
| ISIN | US38500T1016 | | | Agenda | 934228556 - Management |
| Record Date | 28-Apr-2015 | | | Holding Recon Date | 28-Apr-2015 | |
| City / | Country | | / | Canada | | Vote Deadline Date | 23-Jun-2015 | |
| SEDOL(s) | | Quick Code | | |
| | | | | | | | | | | | | | | | |
| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1 | Election of Directors | Management | | | | |
| | | 1 | PETER DEY | | For | For | | |
| | | 2 | GARY S. GUIDRY | | For | For | | |
| | | 3 | EVAN HAZELL | | For | For | | |
| | | 4 | ROBERT B. HODGINS | | For | For | | |
| | | 5 | J. SCOTT PRICE | | For | For | | |
| | | 6 | RONALD ROYAL | | For | For | | |
| | | 7 | DAVID P. SMITH | | For | For | | |
| | | 8 | BROOKE WADE | | For | For | | |
| 2. | 14A Executive Compensation | Management | Against | Against | | |
| | | Comments-We note, however, after taking into account both the quantitative and qualitative measures outlined above, we believe that shareholders cannot support the current compensation policies put in place by the Company’s directors. Furthermore, we believe that the Company’s compensation policies and procedures are not effective or strongly aligned with the long-term interest of its shareholders. Therefore, we recommend a vote "AGAINST" this Proposal. |
| 3. | Ratify Appointment of Independent Auditors | Management | For | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 76,928 | 0 | 05-Jun-2015 | 25-Jun-2015 |
| TERNIUM S.A. |
| Security | 880890108 | | | Meeting Type | Special |
| Ticker Symbol | TX | | | Meeting Date | 30-Jun-2015 | |
| ISIN | US8808901081 | | | Agenda | 934252521 - Management |
| Record Date | 11-Jun-2015 | | | Holding Recon Date | 11-Jun-2015 | |
| City / | Country | | / | United States | | Vote Deadline Date | 24-Jun-2015 | |
| SEDOL(s) | | Quick Code | | |
| | | | | | | | | | | | | | | | |
| Item | Proposal | | Proposed by | | Vote | For/Against Management | | |
| 1. | Miscellaneous Corporate Actions | Management | For | For | | |
| 2. | Receive Consolidated Financial Statements | Management | For | For | | |
| Account Number | | | Account Name | | Internal Account | Custodian | Ballot Shares | | Unavailable Shares | Vote Date | Date Confirmed |
| 141567.1 | | REGAL TOTAL RETURN FUND | 141567.1 | UMB BANK, N.A. | 7,024 | 0 | 22-Jun-2015 | 26-Jun-2015 |
