235 W. Galena Street, Milwaukee, WI 53212
Form N-PX is to be used by a registered management investment company, other than a small business investment company registered on Form N-5 (ss.ss. 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than August 31 of each year, containing the registrant's proxy voting record for the most recent twelve-month period ended June 30, pursuant to section 30 of the Investment Company Act of 1940 and rule 30b1-4 thereunder (17 CFR 270.30b1-4). The Commission may use the information provided on Form N-PX in its regulatory, disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-PX, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-PX unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. ss. 3507.
ITEM 1. PROXY VOTING RECORD.
| ADVANCE AUTO PARTS, INC. | | | |
| Security | 00751Y106 | | | | | | | | Meeting Type | Annual | | |
| Ticker Symbol | AAP | | | | | | | | Meeting Date | 16-May-2018 | | |
| ISIN | US00751Y1064 | | | | | | | | Agenda | 934794911 - Management | | |
| Record Date | 19-Mar-2018 | | | | | | | | Holding Recon Date | 19-Mar-2018 | | |
| City / | Country | | | / | United States | | | | | Vote Deadline Date | 15-May-2018 | | |
| SEDOL(s) | | | | | Quick Code | | | |
| Item | Proposal | | | Proposed by | Vote | Management Recommendation | For/Against Management | | | |
| 1. | DIRECTOR | Management | | | | | | | | |
| | | | 1 | John F. Bergstrom | For | | For | For | | | | |
| | | | 2 | Brad W. Buss | For | | For | For | | | | |
| | | | 3 | Fiona P. Dias | For | | For | For | | | | |
| | | | 4 | John F. Ferraro | For | | For | For | | | | |
| | | | 5 | Thomas R. Greco | For | | For | For | | | | |
| | | | 6 | Adriana Karaboutis | For | | For | For | | | | |
| | | | 7 | Eugene I. Lee, Jr. | For | | For | For | | | | |
| | | | 8 | Douglas A. Pertz | For | | For | For | | | | |
| | | | 9 | Reuben E. Slone | For | | For | For | | | | |
| | | | 10 | Jeffrey C. Smith | For | | For | For | | | | |
| 2. | Approve, by advisory vote, the compensation of our named executive officers. | Management | For | | For | For | | | | |
| 3. | Ratify the appointment of Deloitte & Touche LLP (Deloitte) as our independent registered public accounting firm for 2018. | Management | For | | For | For | | | | |
| 4. | Advisory vote on the stockholder proposal on the ability of stockholders to act by written consent if presented at the annual meeting. | Shareholder | Against | | Against | For | | | | |
| | | ACR Comments: Too early in our ownership to make definitive statements, but the strategy is sensible and the governance plans and compensation plans appear well alligned with strategy execution | | | | |
| | | | | | | | | | | | | | | | | | | | | | | |
| | Account Number | | Account Name | | | Internal Account | Custodian | Ballot Shares | | | Unavailable Shares | Vote Date | Date Confirmed |
| 142605.1 | ACR MQR FUND - US | 1426051 | UMB BANK, N.A. | 45,108 | | 0 | 08-May-2018 | 17-May-2018 |
| CENTURYLINK, INC. | | | |
| Security | 156700106 | | | | | | | | Meeting Type | Annual | | |
| Ticker Symbol | CTL | | | | | | | | Meeting Date | 23-May-2018 | | |
| ISIN | US1567001060 | | | | | | | | Agenda | 934787803 - Management | | |
| Record Date | 06-Apr-2018 | | | | | | | | Holding Recon Date | 06-Apr-2018 | | |
| City / | Country | | | / | United States | | | | | Vote Deadline Date | 22-May-2018 | | |
| SEDOL(s) | | | | | Quick Code | | | |
| Item | Proposal | | | Proposed by | Vote | Management Recommendation | For/Against Management | | | |
| 1. | DIRECTOR | Management | | | | | | | | |
| | | | 1 | Martha H. Bejar | For | | For | For | | | | |
| | | | 2 | Virginia Boulet | For | | For | For | | | | |
| | | | 3 | Peter C. Brown | For | | For | For | | | | |
| | | | 4 | Kevin P. Chilton | For | | For | For | | | | |
| | | | 5 | Steven T. Clontz | For | | For | For | | | | |
| | | | 6 | T. Michael Glenn | For | | For | For | | | | |
| | | | 7 | W. Bruce Hanks | Withheld | | For | Against | | | | |
| | | | 8 | Mary L. Landrieu | For | | For | For | | | | |
| | | | 9 | Harvey P. Perry | Withheld | | For | Against | | | | |
| | | | 10 | Glen F. Post, III | Withheld | | For | Against | | | | |
| | | | 11 | Michael J. Roberts | For | | For | For | | | | |
| | | | 12 | Laurie A. Siegel | For | | For | For | | | | |
| | | | 13 | Jeffrey K. Storey | For | | For | For | | | | |
| 2. | Ratify the appointment of KPMG LLP as our independent auditor for 2018. | Management | For | | For | For | | | | |
| 3. | Approve our 2018 Equity Incentive Plan. | Management | For | | For | For | | | | |
| 4. | Advisory vote to approve our executive compensation. | Management | Against | | For | Against | | | | |
| 5a. | Shareholder proposal regarding our lobbying activities. | Shareholder | Against | | Against | For | | | | |
| 5b. | Shareholder proposal regarding our billing practices. | Shareholder | Against | | Against | For | | | | |
| | | ACR Comments: Performance at legacy CTL is/was horrendous. Also, board didn't hold legacy CTL executives to account. Voted against Bruck Hanks, Harvey Perry, Glen Post, all long standing board members and/or executives of CTL. Voted against advisory vote on compensation given large retention bonuses and payouts to legacy CTL execs. These were unwarranted. Voted for remaining board members, approved go forward incentive plan, voted with board on shareholder proposals each of which were nonsensical. | | | | |
| | | | | | | | | | | | | | | | | | | | | | | |
| | Account Number | | Account Name | | | Internal Account | Custodian | Ballot Shares | | | Unavailable Shares | Vote Date | Date Confirmed |
| 142605.1 | ACR MQR FUND - US | 1426051 | UMB BANK, N.A. | 216,566 | | 0 | 08-May-2018 | 24-May-2018 |
| 142605.19 | ACR MQR FUND - PLEDGED | 1426051 | UMB BANK, N.A. | 19,286 | | 0 | 08-May-2018 | 24-May-2018 |
| COMPAGNIE PLASTIC OMNIUM SA | | | |
| Security | F73325106 | | | | | | | | Meeting Type | MIX | | |
| Ticker Symbol | POM.FP | | | | | | | | Meeting Date | 26-Apr-2018 | | |
| ISIN | FR0000124570 | | | | | | | | Agenda | 709068212 - Management | | |
| Record Date | 23-Apr-2018 | | | | | | | | Holding Recon Date | 23-Apr-2018 | | |
| City / | Country | | PARIS | / | France | | | | | Vote Deadline Date | 19-Apr-2018 | | |
| SEDOL(s) | 4691808 - 7601075 - B063CR3 - B08V9H4 - B0911C2 - B28LB72 - B3BJDS5 - BRTM6W9 | | | | Quick Code | | | |
| | | | | | | | | | | | | | | | | | | | | | | |
| Item | Proposal | | | Proposed by | Vote | Management Recommendation | For/Against Management | | | |
| CMMT | PLEASE NOTE IN THE FRENCH MARKET THAT THE ONLY VALID VOTE OPTIONS ARE "FOR"-AND "AGAINST" A VOTE OF "ABSTAIN" WILL BE TREATED AS AN "AGAINST" VOTE. | Non-Voting | | | | | | | | |
| CMMT | THE FOLLOWING APPLIES TO SHAREHOLDERS THAT DO NOT HOLD SHARES DIRECTLY WITH A-FRENCH CUSTODIAN: PROXY CARDS: VOTING INSTRUCTIONS WILL BE FORWARDED TO THE-GLOBAL CUSTODIANS ON THE VOTE DEADLINE DATE. IN CAPACITY AS REGISTERED-INTERMEDIARY, THE GLOBAL CUSTODIANS WILL SIGN THE PROXY CARDS AND FORWARD-THEM TO THE LOCAL CUSTODIAN. IF YOU REQUEST MORE INFORMATION, PLEASE CONTACT-YOUR CLIENT REPRESENTATIVE | Non-Voting | | | | | | | | |
| CMMT | IN CASE AMENDMENTS OR NEW RESOLUTIONS ARE PRESENTED DURING THE MEETING, YOUR-VOTE WILL DEFAULT TO 'ABSTAIN'. SHARES CAN ALTERNATIVELY BE PASSED TO THE-CHAIRMAN OR A NAMED THIRD PARTY TO VOTE ON ANY SUCH ITEM RAISED. SHOULD YOU-WISH TO PASS CONTROL OF YOUR SHARES IN THIS WAY, PLEASE CONTACT YOUR- BROADRIDGE CLIENT SERVICE REPRESENTATIVE. THANK YOU | Non-Voting | | | | | | | | |
| O.1 | APPROVAL OF THE CORPORATE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 | Management | For | | For | For | | | | |
| O.2 | ALLOCATION OF INCOME AND SETTING OF THE DIVIDEND | Management | For | | For | For | | | | |
| O.3 | REPORT OF THE STATUTORY AUDITORS ON THE REGULATED AGREEMENTS AND COMMITMENTS - NOTE OF THE ABSENCE OF A NEW AGREEMENT | Management | For | | For | For | | | | |
| O.4 | APPROVAL OF THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 | Management | For | | For | For | | | | |
| O.5 | AUTHORIZATION TO BE GRANTED TO THE BOARD OF DIRECTORS TO TRADE IN THE COMPANY'S SHARES PURSUANT TO THE PROVISIONS OF ARTICLE L.225-209 OF THE FRENCH COMMERCIAL CODE, DURATION OF THE AUTHORIZATION, PURPOSES, TERMS, CEILING | Management | For | | For | For | | | | |
| O.6 | RENEWAL OF THE TERM OF OFFICE OF MR. LAURENT BURELLE AS DIRECTOR | Management | For | | For | For | | | | |
| O.7 | RENEWAL OF THE TERM OF OFFICE OF MR. JEAN-MICHEL SZCZERBA AS DIRECTOR | Management | For | | For | For | | | | |
| O.8 | RENEWAL OF THE TERM OF OFFICE OF MR. PAUL HENRY LEMARIE AS DIRECTOR | Management | For | | For | For | | | | |
| O.9 | RENEWAL OF THE TERM OF OFFICE OF BURELLE SA COMPANY AS DIRECTOR, REPRESENTED BY MRS. ELIANE LEMARIE | Management | For | | For | For | | | | |
| O.10 | RENEWAL OF THE TERM OF OFFICE OF MR. JEAN BURELLE AS DIRECTOR | Management | For | | For | For | | | | |
| O.11 | RENEWAL OF THE TERM OF OFFICE OF MRS. ANNE-MARIE COUDERC AS DIRECTOR | Management | For | | For | For | | | | |
| O.12 | RENEWAL OF THE TERM OF OFFICE OF MRS. LUCIE MAUREL AUBERT AS DIRECTOR | Management | For | | For | For | | | | |
| O.13 | RENEWAL OF THE TERM OF OFFICE OF MR. JEROME GALLOT AS DIRECTOR | Management | For | | For | For | | | | |
| O.14 | RENEWAL OF THE TERM OF OFFICE OF PROF. DR. BERND GOTTSCHALK AS DIRECTOR | Management | For | | For | For | | | | |
| O.15 | RECOGNITION OF THE NON-RENEWAL OF THE TERM OF OFFICE OF MR. ALAIN MERIEUX AS DIRECTOR AND APPOINTMENT OF A NEW DIRECTOR (MR. ALEXANDRE MERIEUX | Management | For | | For | For | | | | |
| O.16 | DETERMINATION OF THE AMOUNT OF ATTENDANCE FEES ALLOCATED TO THE MEMBERS OF THE BOARD OF DIRECTORS | Management | For | | For | For | | | | |
| O.17 | APPROVAL OF THE PRINCIPLES AND CRITERIA FOR DETERMINING, DISTRIBUTING AND ALLOCATING THE FIXED, VARIABLE AND EXCEPTIONAL COMPONENTS MAKING UP THE TOTAL COMPENSATION AND BENEFITS OF ALL KINDS ATTRIBUTABLE TO EXECUTIVE CORPORATE OFFICERS | Management | For | | For | For | | | | |
| O.18 | APPROVAL OF THE COMPENSATION ELEMENTS PAID OR AWARDED FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 TO MR. LAURENT BURELLE, CHAIRMAN AND CHIEF EXECUTIVE OFFICER | Management | For | | For | For | | | | |
| O.19 | APPROVAL OF THE COMPENSATION ELEMENTS PAID OR AWARDED FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 TO MR. PAUL HENRY LEMARIE, DEPUTY CHIEF EXECUTIVE OFFICER | Management | Against | | For | Against | | | | |
| O.20 | APPROVAL OF THE COMPENSATION ELEMENTS PAID OR AWARDED FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 TO MR. JEAN-MICHEL SZCZERBA, CO-CHIEF EXECUTIVE OFFICER AND DEPUTY CHIEF EXECUTIVE OFFICER | Management | For | | For | For | | | | |
| E.21 | AUTHORIZATION TO BE GRANTED TO THE BOARD OF DIRECTORS TO PROCEED WITH THE ALLOCATION OF FREE EXISTING SHARES OF THE COMPANY FOR THE BENEFIT OF EMPLOYEES AND/OR OFFICERS OF THE COMPANY AND/OR GROUP COMPANIES, DURATION OF THE AUTHORIZATION, CEILING, MINIMUM DURATION OF ACQUISITION AND RETENTION PERIODS | Management | For | | For | For | | | | |
| E.22 | AUTHORIZATION TO BE GRANTED TO THE BOARD OF DIRECTORS TO CANCEL THE SHARES REPURCHASED BY THE COMPANY PURSUANT TO THE PROVISIONS OF ARTICLE L.225-209 OF THE FRENCH COMMERCIAL CODE, DURATION OF THE AUTHORIZATION, CEILING | Management | For | | For | For | | | | |
| E.23 | AMENDMENT TO ARTICLE 13 OF THE BY-LAWS RELATING TO RULES ON THE AGE LIMIT OF THE CHAIRMAN OF THE BOARD OF DIRECTORS, THE CHIEF EXECUTIVE OFFICER AND THE DEPUTY CHIEF EXECUTIVE OFFICERS | Management | Against | | For | Against | | | | |
| E.24 | INCLUSION OF ARTICLE 16 (CENSORS) OF THE BY-LAWS ALLOWING THE APPOINTMENT OF CENSORS AND CORRELATIVE AMENDMENT OF THE NUMBERING OF THE FOLLOWING ARTICLES OF THE BY-LAWS | Management | Against | | For | Against | | | | |
| E.25 | POWERS TO CARRY OUT ALL LEGAL FORMALITIES | Management | For | | For | For | | | | |
| | | ACR Comments: Performance has been stellar with continued share gains and invesments in new products. POM is managed for the longer term and the performance execution has been very solid. I did vote against a couple of items in the proxy related to age limits (too high) and abilit to appoint members of the board without shareholder approval (already too insider controlled). POM is a family controlled company so I will be on the lookout for convernance issues, so far there are little to none. | | | | |
| CMMT | PLEASE NOTE THAT IMPORTANT ADDITIONAL MEETING INFORMATION IS AVAILABLE BY-CLICKING ON THE MATERIAL URL LINK:-https://www.journal- officiel.gouv.fr/publications/balo/pdf/2018/03 19/201803191-800667.pdf | Non-Voting | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | |
| | Account Number | | Account Name | | | Internal Account | Custodian | Ballot Shares | | | Unavailable Shares | Vote Date | Date Confirmed |
| 617705980 | ACR MULTI-STRATEGY QUALITY RETURN (MQR) FUND | 1426051 | CITIBANK, N.A. | 14,000 | | 0 | 22-Mar-2018 | 19-Apr-2018 |
| 618028974 | ACR INTERNATIONAL QUALITY RETURN (IQR) FUND | 145320 | CITIBANK, N.A. | 13,300 | | 0 | 22-Mar-2018 | 19-Apr-2018 |
| DANONE | | | |
| Security | F12033134 | | | | | | | | Meeting Type | MIX | | |
| Ticker Symbol | BN.PA | | | | | | | | Meeting Date | 26-Apr-2018 | | |
| ISIN | FR0000120644 | | | | | | | | Agenda | 708995317 - Management | | |
| Record Date | 23-Apr-2018 | | | | | | | | Holding Recon Date | 23-Apr-2018 | | |
| City / | Country | | PARIS | / | France | | | | | Vote Deadline Date | 19-Apr-2018 | | |
| SEDOL(s) | 0799085 - 5981810 - 5983560 - 5984057 - B018SX1 - B01HK10 - B01HKG5 - B033328 - B043GP1 - B0ZGJH2 - B1Y95C6 - B1Y9RH5 - B1Y9TB3 - B1YBWV0 - B1YBYC5 - B2B3XM4 - B4XJ1P3 - B92MW33 - BF445H4 - BH7KCW7 | | | | Quick Code | | | |
| | | | | | | | | | | | | | | | | | | | | | | |
| Item | Proposal | | | Proposed by | Vote | Management Recommendation | For/Against Management | | | |
| CMMT | PLEASE NOTE IN THE FRENCH MARKET THAT THE ONLY VALID VOTE OPTIONS ARE "FOR"-AND "AGAINST" A VOTE OF "ABSTAIN" WILL BE TREATED AS AN "AGAINST" VOTE. | Non-Voting | | | | | | | | |
| CMMT | THE FOLLOWING APPLIES TO SHAREHOLDERS THAT DO NOT HOLD SHARES DIRECTLY WITH A-FRENCH CUSTODIAN: PROXY CARDS: VOTING INSTRUCTIONS WILL BE FORWARDED TO THE-GLOBAL CUSTODIANS ON THE VOTE DEADLINE DATE. IN CAPACITY AS REGISTERED-INTERMEDIARY, THE GLOBAL CUSTODIANS WILL SIGN THE PROXY CARDS AND FORWARD-THEM TO THE LOCAL CUSTODIAN. IF YOU REQUEST MORE INFORMATION, PLEASE CONTACT-YOUR CLIENT REPRESENTATIVE | Non-Voting | | | | | | | | |
| CMMT | IN CASE AMENDMENTS OR NEW RESOLUTIONS ARE PRESENTED DURING THE MEETING, YOUR-VOTE WILL DEFAULT TO 'ABSTAIN'. SHARES CAN ALTERNATIVELY BE PASSED TO THE-CHAIRMAN OR A NAMED THIRD PARTY TO VOTE ON ANY SUCH ITEM RAISED. SHOULD YOU-WISH TO PASS CONTROL OF YOUR SHARES IN THIS WAY, PLEASE CONTACT YOUR- BROADRIDGE CLIENT SERVICE REPRESENTATIVE. THANK YOU | Non-Voting | | | | | | | | |
| CMMT | 04 APR 2018: PLEASE NOTE THAT IMPORTANT ADDITIONAL MEETING INFORMATION IS-AVAILABLE BY CLICKING ON THE MATERIAL URL LINK:- https://www.journal- officiel.gouv.fr/publications/balo/pdf/2018/02 | Non-Voting | | | | | | | | |
| | | 26/201802261-800375.pdf AND- https://www.journal- officiel.gouv.fr/publications/balo/pdf/2018/04 04/201804041-800879.pdf. PLEASE NOTE THAT THIS IS A REVISION DUE TO ADDITION OF URL LINK.-IF YOU HAVE ALREADY SENT IN YOUR VOTES, PLEASE DO NOT VOTE AGAIN UNLESS YOU-DECIDE TO AMEND YOUR ORIGINAL INSTRUCTIONS. THANK YOU | | | | | | | | | | | | | |
| O.1 | APPROVAL OF CORPORATE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 | Management | For | | For | For | | | | |
| O.2 | APPROVAL OF CONSOLIDATED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 | Management | For | | For | For | | | | |
| O.3 | ALLOCATION OF INCOME FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 AND SETTING OF THE DIVIDEND AT 1.90 EURO PER SHARE | Management | For | | For | For | | | | |
| O.4 | OPTION FOR THE PAYMENT OF DIVIDEND IN SHARES | Management | For | | For | For | | | | |
| O.5 | RENEWAL OF THE TERM OF OFFICE OF MR. BENOIT POTIER AS DIRECTOR | Management | For | | For | For | | | | |
| O.6 | RENEWAL OF THE TERM OF OFFICE OF MRS. VIRGINIA STALLINGS AS DIRECTOR PURSUANT TO ARTICLE 15-II OF THE BY-LAWS | Management | For | | For | For | | | | |
| O.7 | RENEWAL OF THE TERM OF OFFICE OF MRS. SERPIL TIMURAY AS DIRECTOR | Management | For | | For | For | | | | |
| O.8 | APPOINTMENT OF MR. MICHEL LANDEL AS DIRECTOR | Management | For | | For | For | | | | |
| O.9 | APPOINTMENT OF MRS. CECILE CABANIS AS DIRECTOR | Management | For | | For | For | | | | |
| O.10 | APPOINTMENT OF MR. GUIDO BARILLA AS DIRECTOR | Management | For | | For | For | | | | |
| O.11 | APPROVAL OF THE COMPENSATION ELEMENTS PAID OR AWARDED FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017, TO MR. FRANCK RIBOUD, CHAIRMAN OF THE BOARD OF DIRECTORS UNTIL 30 NOVEMBER 2017 | Management | Against | | For | Against | | | | |
| O.12 | APPROVAL OF THE COMPENSATION ELEMENTS PAID OR AWARDED FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 TO MR. EMMANUEL FABER, CHIEF EXECUTIVE OFFICER UNTIL 30 NOVEMBER 2017 AS WELL AS CHAIRMAN AND CHIEF EXECUTIVE OFFICER AS OF 1 DECEMBER 2017 | Management | For | | For | For | | | | |
| O.13 | APPROVAL OF THE COMPENSATION POLICY FOR EXECUTIVE CORPORATE OFFICERS | Management | For | | For | For | | | | |
| O.14 | AUTHORIZATION TO BE GRANTED TO THE BOARD OF DIRECTORS TO BUY, HOLD OR TRANSFER SHARES OF THE COMPANY | Management | For | | For | For | | | | |
| E.15 | AUTHORIZATION GRANTED TO THE BOARD OF DIRECTORS TO ALLOCATE EXISTING OR TO BE ISSUED SHARES OF THE COMPANY WITHOUT THE PRE- EMPTIVE SUBSCRIPTION RIGHTS OF SHAREHOLDERS | Management | Against | | For | Against | | | | |
| E.16 | POWERS TO CARRY OUT ALL LEGAL FORMALITIES | Management | For | | For | For | | | | |
| | | ACR Comments: Decent performance with a decent balance between organic grwoth and margin expansion. Danone still has lots of space to fix the dairy business, but the Chinese infant nutrition, the medical nutrition and the water businesses are executing well. Overall compensation is reasonable for scope altought the comp metrics are partially related to "societal" parameters that are not defined. Voted against Chairman comp levels as these are extreme. | | | | |
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| | Account Number | | Account Name | | | Internal Account | Custodian | Ballot Shares | | | Unavailable Shares | Vote Date | Date Confirmed |
| 617705980 | ACR MULTI-STRATEGY QUALITY RETURN (MQR) FUND | 1426051 | CITIBANK, N.A. | 2,827 | | 0 | 22-Mar-2018 | 19-Apr-2018 |
| 618028974 | ACR INTERNATIONAL QUALITY RETURN (IQR) FUND | 145320 | CITIBANK, N.A. | 5,232 | | 0 | 22-Mar-2018 | 19-Apr-2018 |
| DELL TECHNOLOGIES INC. | | | |
| Security | 24703L103 | | | | | | | | Meeting Type | Annual | | |
| Ticker Symbol | DVMT | | | | | | | | Meeting Date | 25-Jun-2018 | | |
| ISIN | US24703L1035 | | | | | | | | Agenda | 934824815 - Management | | |
| Record Date | 26-Apr-2018 | | | | | | | | Holding Recon Date | 26-Apr-2018 | | |
| City / | Country | | | / | United States | | | | | Vote Deadline Date | 22-Jun-2018 | | |
| SEDOL(s) | | | | | Quick Code | | | |
| Item | Proposal | | | Proposed by | Vote | Management Recommendation | For/Against Management | | | |
| 1. | DIRECTOR | Management | | | | | | | | |
| | | | 1 | David W. Dorman | Withheld | | For | Against | | | | |
| | | | 2 | William D. Green | Withheld | | For | Against | | | | |
| | | | 3 | Ellen J. Kullman | Withheld | | For | Against | | | | |
| 2. | Ratification of the appointment of PricewaterhouseCoopers LLP as Dell Technologies Inc.'s independent registered public accounting firm for fiscal year ending February 1, 2019 | Management | For | | For | For | | | | |
| 3. | Approval, on an advisory basis, of the compensation of Dell Technologies Inc.'s named executive officers as disclosed in the proxy statement | Management | Against | | For | Against | | | | |
| | | ACR Comments: Vote against/withold on all items. Directors are nominally independent but still have relations to Michael Dell. | | | | |
| | | | | | | | | | | | | | | | | | | | | | | |
| | Account Number | | Account Name | | | Internal Account | Custodian | Ballot Shares | | | Unavailable Shares | Vote Date | Date Confirmed |
| 142605.1 | ACR MQR FUND - US | 1426051 | UMB BANK, N.A. | 13,951 | | 0 | 07-Jun-2018 | 26-Jun-2018 |
| 142605.19 | ACR MQR FUND - PLEDGED | 1426051 | UMB BANK, N.A. | 1,003 | | 0 | 07-Jun-2018 | 26-Jun-2018 |
| DOMINO'S PIZZA GROUP PLC | | | |
| Security | G28113101 | | | | | | | | Meeting Type | Annual General Meeting | | |
| Ticker Symbol | DOM.LN | | | | | | | | Meeting Date | 19-Apr-2018 | | |
| ISIN | GB00BYN59130 | | | | | | | | Agenda | 709074176 - Management | | |
| Record Date | | | | | | | | | Holding Recon Date | 17-Apr-2018 | | |
| City / | Country | | THORNB URY | / | United Kingdom | | | | | Vote Deadline Date | 13-Apr-2018 | | |
| SEDOL(s) | BYN5913 - BYV1KW1 - BZBYNP1 | | | | Quick Code | | | |
| Item | Proposal | | | Proposed by | Vote | Management Recommendation | For/Against Management | | | |
| 1 | TO ADOPT THE COMPANY'S ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE 53 WEEKS ENDED 31 DECEMBER 2017 | Management | For | | For | For | | | | |
| 2 | RE-APPOINTMENT OF THE AUDITOR | Management | For | | For | For | | | | |
| 3 | TO AUTHORISE THE AUDIT COMMITTEE TO AGREE THE REMUNERATION OF THE AUDITOR | Management | For | | For | For | | | | |
| 4 | TO DECLARE A FINAL DIVIDEND OF 5.25P PER ORDINARY SHARE IN RESPECT OF THE 53 WEEKS ENDED 31 DECEMBER 2017 | Management | For | | For | For | | | | |
| 5 | RE-ELECTION OF STEPHEN HEMSLEY | Management | For | | For | For | | | | |
| 6 | RE-ELECTION OF COLIN HALPERN | Management | For | | For | For | | | | |
| 7 | RE-ELECTION OF DAVID WILD | Management | For | | For | For | | | | |
| 8 | RE-ELECTION OF KEVIN HIGGINS | Management | For | | For | For | | | | |
| 9 | RE-ELECTION OF EBBE JACOBSEN | Management | For | | For | For | | | | |
| 10 | RE-ELECTION OF HELEN KEAYS | Management | For | | For | For | | | | |
| 11 | RE-ELECTION OF STEVE BARBER | Management | For | | For | For | | | | |
| 12 | RE-ELECTION OF RACHEL OSBORNE | Management | For | | For | For | | | | |
| 13 | TO APPROVE THE DIRECTORS REMUNERATION REPORT | Management | For | | For | For | | | | |
| 14 | AUTHORITY TO ALLOT SHARES | Management | For | | For | For | | | | |
| 15 | POLITICAL DONATIONS | Management | For | | For | For | | | | |
| 16 | AUTHORITY TO DIS-APPLY PRE- EMPTION RIGHTS | Management | Against | | For | Against | | | | |
| 17 | AUTHORITY TO DIS-APPLY PRE- EMPTION RIGHTS ADDITIONAL RESOLUTION | Management | Against | | For | Against | | | | |
| 18 | TO AUTHORISE THE COMPANY TO PURCHASE OWN SHARES | Management | For | | For | For | | | | |
| 19 | TO REDUCE NOTICE OF GENERAL MEETINGS OTHER THAN AN ANNUAL GENERAL MEETING TO 14 CLEAR DAYS | Management | For | | For | For | | | | |
| 20 | ADOPTION OF NEW ARTICLES OF ASSOCIATION | Management | For | | For | For | | | | |
| | | ACR Comments: Too early in our ownership tenure to make definitive statements on performance or the board. Strategy appears sensible and capital allocation as well. Voted against the dissaplication of pre-emption rights to protect shareholder interest and voted alongside management for the additional items. | | | | |
| | | | | | | | | | | | | | | | | | | | | | | |
| | Account Number | | Account Name | | | Internal Account | Custodian | Ballot Shares | | | Unavailable Shares | Vote Date | Date Confirmed |
| 617705980 | ACR MULTI-STRATEGY QUALITY RETURN (MQR) FUND | 1426051 | CITIBANK, N.A. | 454,933 | | 0 | 10-Apr-2018 | 13-Apr-2018 |
| 618028974 | ACR INTERNATIONAL QUALITY RETURN (IQR) FUND | 145320 | CITIBANK, N.A. | 109,908 | | 0 | 10-Apr-2018 | 13-Apr-2018 |
| EUROCELL PLC | | | |
| Security | G3143F101 | | | | | | | | Meeting Type | Annual General Meeting | | |
| Ticker Symbol | ECEL.LN | | | | | | | | Meeting Date | 18-May-2018 | | |
| ISIN | GB00BVV2KN49 | | | | | | | | Agenda | 709313566 - Management | | |
| Record Date | | | | | | | | | Holding Recon Date | 16-May-2018 | | |
| City / | Country | | ALFRET ON | / | United Kingdom | | | | | Vote Deadline Date | 14-May-2018 | | |
| SEDOL(s) | BVV2KN4 | | | | Quick Code | | | |
| Item | Proposal | | | Proposed by | Vote | Management Recommendation | For/Against Management | | | |
| 1 | TO RECEIVE THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2017 | Management | For | | For | For | | | | |
| 2 | TO RE-APPOINT PRICEWATERHOUSECOOPERS AS AUDITORS | Management | For | | For | For | | | | |
| 3 | TO AUTHORISE THE AUDIT AND RISK COMMITTEE TO DETERMINE THE REMUNERATION OF THE AUDITORS | Management | For | | For | For | | | | |
| 4 | TO APPROVE THE DIRECTORS' REMUNERATION REPORT | Management | For | | For | For | | | | |
| 5 | TO DECLARE A FINAL DIVIDEND OF 6.0P PER SHARE | Management | For | | For | For | | | | |
| 6 | TO RE-ELECT MARTYN COFFEY AS A DIRECTOR | Management | For | | For | For | | | | |
| 7 | TO RE-ELECT PATRICK KALVERBOER AS A DIRECTOR | Management | For | | For | For | | | | |
| 8 | TO RE-ELECT MARK KELLY AS A DIRECTOR | Management | For | | For | For | | | | |
| 9 | TO RE-ELECT ROBERT LAWSON AS A DIRECTOR | Management | For | | For | For | | | | |
| 10 | TO RE-ELECT FRANCIS NELSON AS A DIRECTOR | Management | For | | For | For | | | | |
| 11 | TO RE-ELECT MICHAEL SCOTT AS A DIRECTOR | Management | For | | For | For | | | | |
| 12 | TO AUTHORISE THE DIRECTORS TO ALLOT SHARES AND TO GRANT RIGHTS TO SUBSCRIBE FOR OR TO CONVERT ANY SECURITY INTO SHARES PURSUANT TO SECTION 551 OF THE COMPANIES ACT 2006 AND TO ALLOT EQUITY SECURITIES BY WAY OF RIGHTS ISSUE | Management | For | | For | For | | | | |
| 13 | TO AUTHORISE THE DIRECTORS TO ALLOT EQUITY SECURITIES PURSUANT TO SECTION 570 OF THE COMPANIES ACT 2006 IN CONNECTION WITH A RIGHTS ISSUE AND GENERAL DISAPPLICATION | Management | Against | | For | Against | | | | |
| 14 | TO AUTHORISE THE DIRECTORS TO ALLOT EQUITY SECURITIES PURSUANT TO SECTION 570 OF THE COMPANIES ACT 2006 IN CONNECTION WITH AN ACQUISITION OR OTHER CAPITAL INVESTMENT | Management | Against | | For | Against | | | | |
| 15 | TO AUTHORISE THE DIRECTORS TO MAKE MARKET PURCHASES OF THE COMPANY'S SHARES | Management | For | | For | For | | | | |
| 16 | TO PERMIT GENERAL MEETINGS (OTHER THAN THE ANNUAL GENERAL MEETING) TO BE CALLED ON 14 CLEAR DAYS' NOTICE | Management | For | | For | For | | | | |
| 17 | TO APPROVE THE MAKING OF POLITICAL DONATIONS | Management | For | | For | For | | | | |
| | | ACR Comments: Performance has been good and pay is reasonable. Voted against dissaplication of pre-emption rights otherwise the company appears well managed. | | | | |
| | | | | | | | | | | | | | | | | | | | | | | |
| | Account Number | | Account Name | | | Internal Account | Custodian | Ballot Shares | | | Unavailable Shares | Vote Date | Date Confirmed |
| 617705980 | ACR MULTI-STRATEGY QUALITY RETURN (MQR) FUND | 1426051 | CITIBANK, N.A. | 668,398 | | 0 | 03-May-2018 | 14-May-2018 |
| 618028974 | ACR INTERNATIONAL QUALITY RETURN (IQR) FUND | 145320 | CITIBANK, N.A. | 322,000 | | 0 | 03-May-2018 | 14-May-2018 |
| EXPRESS SCRIPTS HOLDING COMPANY | | | |
| Security | 30219G108 | | | | | | | | Meeting Type | Annual | | |
| Ticker Symbol | ESRX | | | | | | | | Meeting Date | 10-May-2018 | | |
| ISIN | US30219G1085 | | | | | | | | Agenda | 934745716 - Management | | |
| Record Date | 13-Mar-2018 | | | | | | | | Holding Recon Date | 13-Mar-2018 | | |
| City / | Country | | | / | United States | | | | | Vote Deadline Date | 09-May-2018 | | |
| SEDOL(s) | | | | | Quick Code | | | |
| Item | Proposal | | | Proposed by | Vote | Management Recommendation | For/Against Management | | | |
| 1a. | Election of Director: Maura C. Breen | Management | Against | | For | Against | | | | |
| 1b. | Election of Director: William J. DeLaney | Management | Abstain | | For | Against | | | | |
| 1c. | Election of Director: Elder Granger, MD, MG, USA (Retired) | Management | For | | For | For | | | | |
| 1d. | Election of Director: Nicholas J. LaHowchic | Management | Against | | For | Against | | | | |
| 1e. | Election of Director: Thomas P. Mac Mahon | Management | For | | For | For | | | | |
| 1f. | Election of Director: Kathleen M. Mazzarella | Management | For | | For | For | | | | |
| 1g. | Election of Director: Frank Mergenthaler | Management | For | | For | For | | | | |
| 1h. | Election of Director: Woodrow A. Myers, Jr., MD | Management | Against | | For | Against | | | | |
| 1i. | Election of Director: Roderick A. Palmore | Management | For | | For | For | | | | |
| 1j. | Election of Director: George Paz | Management | For | | For | For | | | | |
| 1k. | Election of Director: William L. Roper, MD, MPH | Management | For | | For | For | | | | |
| 1l. | Election of Director: Seymour Sternberg | Management | Against | | For | Against | | | | |
| 1m. | Election of Director: Timothy Wentworth | Management | For | | For | For | | | | |
| 2. | To ratify the appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accountants for 2018. | Management | For | | For | For | | | | |
| 3. | To approve, by non-binding vote, the compensation of the Company's named executive officers. | Management | Against | | For | Against | | | | |
| 4. | Stockholder proposal requesting the Company to report annually to the Board and stockholders identifying whether there exists a gender pay-gap among the Company's employees and other related disclosures. | Shareholder | Against | | Against | For | | | | |
| 5. | Stockholder proposal requesting the Board annually review and publicly report on its cyber risk. | Shareholder | Abstain | | Against | Against | | | | |
| | | ACR Comments: Voted against pay package and directors on the compensation committee. Pay is egregeous. Performance has been in line with expectation and capital allocation has been solid. | | | | |
| | | | | | | | | | | | | | | | | | | | | | | |
| | Account Number | | Account Name | | | Internal Account | Custodian | Ballot Shares | | | Unavailable Shares | Vote Date | Date Confirmed |
| 142605.1 | ACR MQR FUND - US | 1426051 | UMB BANK, N.A. | 33,162 | | 0 | 03-May-2018 | 11-May-2018 |
| 142605.19 | ACR MQR FUND - PLEDGED | 1426051 | UMB BANK, N.A. | 5,500 | | 0 | 03-May-2018 | 11-May-2018 |
| FAIRFAX FINANCIAL HOLDINGS LIMITED | | | |
| Security | 303901102 | | | | | | | | Meeting Type | Annual and Special Meeting | | |
| Ticker Symbol | FRFHF | | | | | | | | Meeting Date | 26-Apr-2018 | | |
| ISIN | CA3039011026 | | | | | | | | Agenda | 934746225 - Management | | |
| Record Date | 09-Mar-2018 | | | | | | | | Holding Recon Date | 09-Mar-2018 | | |
| City / | Country | | | / | Canada | | | | | Vote Deadline Date | 23-Apr-2018 | | |
| SEDOL(s) | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | | | | | | | | | |
| Item | Proposal | | | Proposed by | Vote | Management Recommendation | For/Against Management | | | |
| 1 | THE SPECIAL RESOLUTION APPROVING AN AMENDMENT OF THE ARTICLES OF INCORPORATION OF FAIRFAX TO CONSIDER AND, IF DEEMED APPROPRIATE, TO PASS, WITH OR WITHOUT VARIATION, A SPECIAL RESOLUTION AUTHORIZING THE CORPORATION TO AMEND ITS ARTICLES TO INCREASE THE MINIMUM NUMBER OF DIRECTORS FROM THREE (3) TO FIVE (5) AND TO INCREASE THE MAXIMUM NUMBER OF DIRECTORS FROM TEN (10) TO TWELVE (12), AS MORE PARTICULARLY DESCRIBED IN THE MANAGEMENT PROXY CIRCULAR. | Management | For | | For | For | | | | |
| 2 | DIRECTOR | Management | | | | | | | | |
| | | | 1 | ANTHONY F. GRIFFITHS | For | | For | For | | | | |
| | | | 2 | ROBERT J. GUNN | For | | For | For | | | | |
| | | | 3 | ALAN D. HORN | For | | For | For | | | | |
| | | | 4 | KAREN L. JURJEVICH | For | | For | For | | | | |
| | | | 5 | CHRISTINE N. MCLEAN | For | | For | For | | | | |
| | | | 6 | JOHN R.V. PALMER | For | | For | For | | | | |
| | | | 7 | TIMOTHY R. PRICE | For | | For | For | | | | |
| | | | 8 | BRANDON W. SWEITZER | For | | For | For | | | | |
| | | | 9 | LAUREN C. TEMPLETON | For | | For | For | | | | |
| | | | 10 | BENJAMIN P. WATSA | For | | For | For | | | | |
| | | | 11 | V. PREM WATSA | For | | For | For | | | | |
| 3 | APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS AUDITOR OF THE CORPORATION. | Management | For | | For | For | | | | |
| | | ACR Comments: Voted for all. Company's orientation is correct, this hasn't led to great results during our ownership period, however. Board is 'ok'. Jury is stil out on Lauren Templeton being on the board. | | | | |
| | | | | | | | | | | | | | | | | | | | | | | |
| | Account Number | | Account Name | | | Internal Account | Custodian | Ballot Shares | | | Unavailable Shares | Vote Date | Date Confirmed |
| 142605.1 | ACR MQR FUND - US | 1426051 | UMB BANK, N.A. | 6,151 | | 0 | 17-Apr-2018 | 27-Apr-2018 |
| 142605.19 | ACR MQR FUND - PLEDGED | 1426051 | UMB BANK, N.A. | 1,150 | | 0 | 17-Apr-2018 | 27-Apr-2018 |
| FAIRFAX FINANCIAL HOLDINGS LTD, TORONTO | | | |
| Security | 303901102 | | | | | | | | Meeting Type | MIX | | |
| Ticker Symbol | FFH.CN | | | | | | | | Meeting Date | 26-Apr-2018 | | |
| ISIN | CA3039011026 | | | | | | | | Agenda | 709046999 - Management | | |
| Record Date | 09-Mar-2018 | | | | | | | | Holding Recon Date | 09-Mar-2018 | | |
| City / | Country | | TORONT O | / | Canada | | | | | Vote Deadline Date | 20-Apr-2018 | | |
| SEDOL(s) | 2173665 - 2566351 - 5495719 - B2N6TX4 - B4M5MP9 | | | | Quick Code | | | |
| | | | | | | | | | | | | | | | | | | | | | | |
| Item | Proposal | | | Proposed by | Vote | Management Recommendation | For/Against Management | | | |
| CMMT | PLEASE NOTE THAT SHAREHOLDERS ARE ALLOWED TO VOTE 'IN FAVOR' OR 'AGAINST'-ONLY FOR RESOLUTION 1 AND 'IN FAVOR' OR 'ABSTAIN' ONLY FOR RESOLUTION NUMBERS-2.1 TO 2.11 AND 3. THANK YOU | Non-Voting | | | | | | | | |
| 1 | THE SPECIAL RESOLUTION APPROVING AN AMENDMENT OF THE ARTICLES OF INCORPORATION OF FAIRFAX TO CONSIDER AND, IF DEEMED APPROPRIATE, TO PASS, WITH OR WITHOUT VARIATION, A SPECIAL RESOLUTION AUTHORIZING THE CORPORATION TO AMEND ITS ARTICLES TO INCREASE THE MINIMUM NUMBER OF DIRECTORS FROM THREE (3) TO FIVE (5) AND TO INCREASE THE MAXIMUM NUMBER OF DIRECTORS FROM TEN (10) TO TWELVE (12), AS MORE PARTICULARLY DESCRIBED IN THE MANAGEMENT PROXY CIRCULAR DATED MARCH 9, 2018 (THE "CIRCULAR"), THE FULL TEXT OF WHICH SPECIAL RESOLUTION IS SET FORTH IN SCHEDULE "A" TO THE CIRCULAR | Management | For | | For | For | | | | |
| 2.1 | ELECTION OF DIRECTOR: ANTHONY F. GRIFFITHS | Management | For | | For | For | | | | |
| 2.2 | ELECTION OF DIRECTOR: ROBERT J. GUNN | Management | For | | For | For | | | | |
| 2.3 | ELECTION OF DIRECTOR: ALAN D. HORN | Management | For | | For | For | | | | |
| 2.4 | ELECTION OF DIRECTOR: KAREN L. JURJEVICH | Management | For | | For | For | | | | |
| 2.5 | ELECTION OF DIRECTOR: CHRISTINE N. MCLEAN | Management | For | | For | For | | | | |
| 2.6 | ELECTION OF DIRECTOR: JOHN R.V. PALMER | Management | For | | For | For | | | | |
| 2.7 | ELECTION OF DIRECTOR: TIMOTHY R. PRICE | Management | For | | For | For | | | | |
| 2.8 | ELECTION OF DIRECTOR: BRANDON W. SWEITZER | Management | For | | For | For | | | | |
| 2.9 | ELECTION OF DIRECTOR: LAUREN C. TEMPLETON | Management | For | | For | For | | | | |
| 2.10 | ELECTION OF DIRECTOR: BENJAMIN P. WATSA | Management | For | | For | For | | | | |
| 2.11 | ELECTION OF DIRECTOR: V. PREM WATSA | Management | For | | For | For | | | | |
| 3 | APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS AUDITOR OF THE CORPORATION | Management | For | | For | For | | | | |
| | | ACR Comments: Voted for all. Company's orientation is correct, this hasn't led to great results during our ownership period, however. Board is 'ok'. Jury is stil out on Lauren Templeton being on the board. | | | | |
| | | | | | | | | | | | | | | | | | | | | | | |
| | Account Number | | Account Name | | | Internal Account | Custodian | Ballot Shares | | | Unavailable Shares | Vote Date | Date Confirmed |
| 617705980 | ACR MULTI-STRATEGY QUALITY RETURN (MQR) FUND | 1426051 | CITIBANK, N.A. | 3,000 | | 0 | 16-Apr-2018 | 20-Apr-2018 |
| 618028974 | ACR INTERNATIONAL QUALITY RETURN (IQR) FUND | 145320 | CITIBANK, N.A. | 1,600 | | 0 | 16-Apr-2018 | 20-Apr-2018 |
| GENERAL MOTORS COMPANY | | | |
| Security | 37045V100 | | | | | | | | Meeting Type | Annual | | |
| Ticker Symbol | GM | | | | | | | | Meeting Date | 12-Jun-2018 | | |
| ISIN | US37045V1008 | | | | | | | | Agenda | 934798577 - Management | | |
| Record Date | 16-Apr-2018 | | | | | | | | Holding Recon Date | 16-Apr-2018 | | |
| City / | Country | | | / | United States | | | | | Vote Deadline Date | 11-Jun-2018 | | |
| SEDOL(s) | | | | | Quick Code | | | |
| Item | Proposal | | | Proposed by | Vote | Management Recommendation | For/Against Management | | | |
| 1a. | Election of Director: Mary T. Barra | Management | For | | For | For | | | | |
| 1b. | Election of Director: Linda R. Gooden | Management | For | | For | For | | | | |
| 1c. | Election of Director: Joseph Jimenez | Management | For | | For | For | | | | |
| 1d. | Election of Director: Jane L. Mendillo | Management | For | | For | For | | | | |
| 1e. | Election of Director: Michael G. Mullen | Management | For | | For | For | | | | |
| 1f. | Election of Director: James J. Mulva | Management | For | | For | For | | | | |
| 1g. | Election of Director: Patricia F. Russo | Management | For | | For | For | | | | |
| 1h. | Election of Director: Thomas M. Schoewe | Management | For | | For | For | | | | |
| 1i. | Election of Director: Theodore M. Solso | Management | For | | For | For | | | | |
| 1j. | Election of Director: Carol M. Stephenson | Management | For | | For | For | | | | |
| 1k. | Election of Director: Devin N. Wenig | Management | For | | For | For | | | | |
| 2. | Approval of, on an Advisory Basis, Named Executive Officer Compensation | Management | Against | | For | Against | | | | |
| 3. | Ratification of the Selection of Ernst & Young LLP as GM's Independent Registered Public Accounting Firm for 2018 | Management | For | | For | For | | | | |
| 4. | Shareholder Proposal Regarding Independent Board Chairman | Shareholder | Against | | Against | For | | | | |
| 5. | Shareholder Proposal Regarding Shareholder Right to Act by Written Consent | Shareholder | Against | | Against | For | | | | |
| 6. | Shareholder Proposal Regarding Report on Greenhouse Gas Emissions and CAFE Standards | Shareholder | Against | | Against | For | | | | |
| | | ACR Comments: I voted for the board, against say on pay. A substantial portion of LTIP is based on achieving a TSR equal to just the 50th percentile of returns. Also Barra makes 22-28 million per annum versus 30 million for Jamie Dimon at JPM, a company with over 2x the net income of GM. | | | | |
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| | Account Number | | Account Name | | | Internal Account | Custodian | Ballot Shares | | | Unavailable Shares | Vote Date | Date Confirmed |
| 142605.1 | ACR MQR FUND - US | 1426051 | UMB BANK, N.A. | 85,900 | | 0 | 07-Jun-2018 | 13-Jun-2018 |
| HOWDEN JOINERY GROUP PLC | | | |
| Security | G4647J102 | | | | | | | | Meeting Type | Annual General Meeting | | |
| Ticker Symbol | HWDN.LN | | | | | | | | Meeting Date | 02-May-2018 | | |
| ISIN | GB0005576813 | | | | | | | | Agenda | 709089507 - Management | | |
| Record Date | | | | | | | | | Holding Recon Date | 30-Apr-2018 | | |
| City / | Country | | LONDON | / | United Kingdom | | | | | Vote Deadline Date | 26-Apr-2018 | | |
| SEDOL(s) | 0557681 - B02SZ17 - B3QV1W6 | | | | Quick Code | | | |
| Item | Proposal | | | Proposed by | Vote | Management Recommendation | For/Against Management | | | |
| 1 | TO RECEIVE THE REPORT AND ACCOUNTS OF THE DIRECTORS OF THE COMPANY THE DIRECTORS OR THE BOARD AND THE REPORT OF THE INDEPENDENT AUDITOR | Management | For | | For | For | | | | |
| 2 | TO APPROVE THE DIRECTORS REMUNERATION REPORT AS SET OUT IN THE REPORT AND ACCOUNTS | Management | For | | For | For | | | | |
| 3 | TO DECLARE A FINAL DIVIDEND OF 7.5 PENCE PER ORDINARY SHARE | Management | For | | For | For | | | | |
| 4 | TO ELECT ANDREW LIVINGSTON AS A DIRECTOR OF THE COMPANY | Management | For | | For | For | | | | |
| 5 | TO RE-ELECT MARK ALLEN AS A DIRECTOR OF THE COMPANY | Management | For | | For | For | | | | |
| 6 | TO RE-ELECT ANDREW CRIPPS AS A DIRECTOR OF THE COMPANY | Management | For | | For | For | | | | |
| 7 | TO RE-ELECT GEOFF DRABBLE AS A DIRECTOR OF THE COMPANY | Management | For | | For | For | | | | |
| 8 | TO RE-ELECT TIFFANY HALL AS A DIRECTOR OF THE COMPANY | Management | For | | For | For | | | | |
| 9 | TO RE-ELECT RICHARD PENNYCOOK AS A DIRECTOR OF THE COMPANY | Management | For | | For | For | | | | |
| 10 | TO RE-ELECT MARK ROBSON AS A DIRECTOR OF THE COMPANY | Management | For | | For | For | | | | |
| 11 | TO RE-ELECT DEBBIE WHITE AS A DIRECTOR OF THE COMPANY | Management | For | | For | For | | | | |
| 12 | TO REAPPOINT DELOITTE LLP AS AUDITOR OF THE COMPANY | Management | For | | For | For | | | | |
| 13 | TO AUTHORISE THE DIRECTORS TO DETERMINE THE AUDITORS REMUNERATION | Management | For | | For | For | | | | |
| 14 | TO GRANT AUTHORITY TO MAKE POLITICAL DONATIONS | Management | For | | For | For | | | | |
| 15 | THAT THE BOARD BE AND IS HEREBY GENERALLY AND UNCONDITIONALLY AUTHORISED PURSUANT TO SECTION 551 OF THE ACT TO ALLOT SHARES | Management | For | | For | For | | | | |
| 16 | THAT IF RESOLUTION 15 IS PASSED THE BOARD BE AUTHORISED TO ALLOT EQUITY SECURITIES AS DEFINED IN THE COMPANIES ACT 2006 FOR CASH | Management | For | | For | For | | | | |
| 17 | THAT THE COMPANY BE AND IS HEREBY GENERALLY AND UNCONDITIONALLY AUTHORISED TO MAKE MARKET PURCHASES OF ITS OWN SHARES | Management | For | | For | For | | | | |
| 18 | THAT A GENERAL MEETING OTHER THAN AN ANNUAL GENERAL MEETING MAY BE CALLED ON NO LESS THAN 14 CLEAR DAYS NOTICE | Management | For | | For | For | | | | |
| | | ACR Comments: performance has been solid, capital allocation has been good, pay is reasonable and the proxy questions are all reasonable as well. Voted alongside management | | | | |
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| | Account Number | | Account Name | | | Internal Account | Custodian | Ballot Shares | | | Unavailable Shares | Vote Date | Date Confirmed |
| 617705980 | ACR MULTI-STRATEGY QUALITY RETURN (MQR) FUND | 1426051 | CITIBANK, N.A. | 499,820 | | 0 | 20-Apr-2018 | 26-Apr-2018 |
| 618028974 | ACR INTERNATIONAL QUALITY RETURN (IQR) FUND | 145320 | CITIBANK, N.A. | 123,500 | | 0 | 20-Apr-2018 | 26-Apr-2018 |
| IWG PLC | | | |
| Security | G4969N103 | | | | | | | | Meeting Type | Annual General Meeting | | |
| Ticker Symbol | IWG.LN | | | | | | | | Meeting Date | 15-May-2018 | | |
| ISIN | JE00BYVQYS01 | | | | | | | | Agenda | 709264268 - Management | | |
| Record Date | | | | | | | | | Holding Recon Date | 11-May-2018 | | |
| City / | Country | | ZUG | / | Jersey | | | | | Vote Deadline Date | 09-May-2018 | | |
| SEDOL(s) | BD3H525 - BYVQYS0 - BYWLMJ1 | | | | Quick Code | | | |
| | | | | | | | | | | | | | | | | | | | | | | |
| Item | Proposal | | | Proposed by | Vote | Management Recommendation | For/Against Management | | | |
| 1 | TO RECEIVE THE COMPANY'S ANNUAL REPORT AND ACCOUNTS | Management | For | | For | For | | | | |
| 2 | TO APPROVE, ON AN ADVISORY BASIS, THE ANNUAL REPORT ON REMUNERATION FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017, AS SET OUT ON PAGES 62 TO 73 OF THE COMPANY'S ANNUAL REPORT AND ACCOUNTS | Management | For | | For | For | | | | |
| 3 | TO AUTHORISE THE PAYMENT OF A FINAL DIVIDEND ON THE ORDINARY SHARES OF 3.95 PENCE PER ORDINARY SHARE FOR THE YEAR ENDED 31 DECEMBER 2017 ON 25 MAY 2018 TO SHAREHOLDERS ON THE REGISTER AT THE CLOSE OF BUSINESS ON 27 APRIL 2018 | Management | For | | For | For | | | | |
| 4 | TO APPROVE THE RE-APPOINTMENT OF KPMG IRELAND AS INDEPENDENT AUDITOR OF THE COMPANY TO HOLD OFFICE UNTIL THE CONCLUSION OF NEXT YEAR'S ANNUAL GENERAL MEETING | Management | For | | For | For | | | | |
| 5 | TO AUTHORISE THE DIRECTORS TO DETERMINE THE REMUNERATION OF KPMG IRELAND AS INDEPENDENT AUDITOR | Management | For | | For | For | | | | |
| 6 | TO RE-ELECT MARK DIXON AS A DIRECTOR OF THE COMPANY | Management | For | | For | For | | | | |
| 7 | TO RE-ELECT DOMINIK DE DANIEL AS A DIRECTOR OF THE COMPANY | Management | For | | For | For | | | | |
| 8 | TO RE-ELECT ELMAR HEGGEN AS A DIRECTOR OF THE COMPANY | Management | For | | For | For | | | | |
| 9 | TO RE-ELECT NINA HENDERSON AS A DIRECTOR OF THE COMPANY | Management | For | | For | For | | | | |
| 10 | TO RE-ELECT FRANCOIS PAULY AS A DIRECTOR OF THE COMPANY | Management | For | | For | For | | | | |
| 11 | TO RE-ELECT FLORENCE PIERRE AS A DIRECTOR OF THE COMPANY | Management | For | | For | For | | | | |
| 12 | TO RE-ELECT DOUGLAS SUTHERLAND AS A DIRECTOR OF THE COMPANY | Management | For | | For | For | | | | |
| 13 | TO AUTHORISE THE ALLOTMENT AND ISSUE OF RELEVANT SECURITIES, AS MORE FULLY SET OUT IN THE CONVENING NOTICE | Management | For | | For | For | | | | |
| 14 | TO AUTHORISE THE COMPANY TO HOLD AS TREASURY SHARES ANY SHARES PURCHASED OR CONTRACTED TO BE PURCHASED BY THE COMPANY PURSUANT TO THE AUTHORITY GRANTED IN RESOLUTION 15, AS MORE FULLY SET OUT IN THE CONVENING NOTICE | Management | For | | For | For | | | | |
| 15 | TO AUTHORISE THE MARKET PURCHASE OF ORDINARY SHARES, AS MORE FULLY SET OUT IN THE CONVENING NOTICE | Management | For | | For | For | | | | |
| 16 | TO AUTHORISE THE DISAPPLICATION OF PRE-EMPTION RIGHTS, AS MORE FULLY SET OUT IN THE CONVENING NOTICE | Management | Abstain | | For | Against | | | | |
| 17 | TO AUTHORISE THE FURTHER DISAPPLICATION OF PRE-EMPTION RIGHTS TO BE USED ONLY FOR THE PURPOSE OF FINANCING (OR REFINANCING) AN ACQUISITION OR OTHER CAPITAL INVESTMENT, AS MORE FULLY SET OUT IN THE CONVENING NOTICE | Management | Abstain | | For | Against | | | | |
| 18 | TO RESOLVE THAT A GENERAL MEETING OF THE COMPANY OTHER THAN AN ANNUAL GENERAL MEETING MAY BE CALLED ON NOT LESS THAN 14 CLEAR DAYS' NOTICE | Management | For | | For | For | | | | |
| | | ACR Comments: performance has been poor due to industry conditions and pay has therefore been cut by 66%. The pay for performance policies are performing as intended. | | | | |
| | | | | | | | | | | | | | | | | | | | | | | |
| | Account Number | | Account Name | | | Internal Account | Custodian | Ballot Shares | | | Unavailable Shares | Vote Date | Date Confirmed |
| 617705980 | ACR MULTI-STRATEGY QUALITY RETURN (MQR) FUND | 1426051 | CITIBANK, N.A. | 280,000 | | 0 | 03-May-2018 | 09-May-2018 |
| 618028974 | ACR INTERNATIONAL QUALITY RETURN (IQR) FUND | 145320 | CITIBANK, N.A. | 78,000 | | 0 | 03-May-2018 | 09-May-2018 |
| JOHNSON & JOHNSON | | | |
| Security | 478160104 | | | | | | | | Meeting Type | Annual | | |
| Ticker Symbol | JNJ | | | | | | | | Meeting Date | 26-Apr-2018 | | |
| ISIN | US4781601046 | | | | | | | | Agenda | 934737620 - Management | | |
| Record Date | 27-Feb-2018 | | | | | | | | Holding Recon Date | 27-Feb-2018 | | |
| City / | Country | | | / | United States | | | | | Vote Deadline Date | 25-Apr-2018 | | |
| SEDOL(s) | | | | | Quick Code | | | |
| Item | Proposal | | | Proposed by | Vote | Management Recommendation | For/Against Management | | | |
| 1a. | Election of Director: Mary C. Beckerle | Management | For | | For | For | | | | |
| 1b. | Election of Director: D. Scott Davis | Management | For | | For | For | | | | |
| 1c. | Election of Director: Ian E. L. Davis | Management | For | | For | For | | | | |
| 1d. | Election of Director: Jennifer A. Doudna | Management | For | | For | For | | | | |
| 1e. | Election of Director: Alex Gorsky | Management | For | | For | For | | | | |
| 1f. | Election of Director: Mark B. McClellan | Management | For | | For | For | | | | |
| 1g. | Election of Director: Anne M. Mulcahy | Management | For | | For | For | | | | |
| 1h. | Election of Director: William D. Perez | Management | For | | For | For | | | | |
| 1i. | Election of Director: Charles Prince | Management | For | | For | For | | | | |
| 1j. | Election of Director: A. Eugene Washington | Management | For | | For | For | | | | |
| 1k. | Election of Director: Ronald A. Williams | Management | For | | For | For | | | | |
| 2. | Advisory Vote to Approve Named Executive Officer Compensation | Management | For | | For | For | | | | |
| 3. | Ratification of Appointment of PricewaterhouseCoopers LLP as the Independent Registered Public Accounting Firm for 2018 | Management | For | | For | For | | | | |
| 4. | Shareholder Proposal - Accounting for Litigation and Compliance in Executive Compensation Performance Measures | Shareholder | For | | Against | Against | | | | |
| 5. | Shareholder Proposal - Amendment to Shareholder Ability to Call Special Shareholder Meeting | Shareholder | For | | Against | Against | | | | |
| | | ACR Comments: Gorsky results very good (tenure begins Dec 28, 2012). So far sufficiently above cost of capital. Compensation long-term but targets very soft. Compensation poorly aligned with performance and excessive, but not quite to point of egregious. Vote "FOR" shareholder proposal to include legal costs in compensation performance metrics. Vote "FOR" ability to call special shareholder meeting with 10% or more vote. Management should have incentive to reduce legal liabilities and JNJs earnings remain relatively smooth with them included. The special vote is shareholder friendly. | | | | |
| | | | | | | | | | | | | | | | | | | | | | | |
| | Account Number | | Account Name | | | Internal Account | Custodian | Ballot Shares | | | Unavailable Shares | Vote Date | Date Confirmed |
| 142605.1 | ACR MQR FUND - US | 1426051 | UMB BANK, N.A. | 2,734 | | 0 | 20-Apr-2018 | 27-Apr-2018 |
| 142605.19 | ACR MQR FUND - PLEDGED | 1426051 | UMB BANK, N.A. | 4,700 | | 0 | 20-Apr-2018 | 27-Apr-2018 |
| JPMORGAN CHASE & CO. | | | |
| Security | 46625H100 | | | | | | | | Meeting Type | Annual | | |
| Ticker Symbol | JPM | | | | | | | | Meeting Date | 15-May-2018 | | |
| ISIN | US46625H1005 | | | | | | | | Agenda | 934764463 - Management | | |
| Record Date | 16-Mar-2018 | | | | | | | | Holding Recon Date | 16-Mar-2018 | | |
| City / | Country | | | / | United States | | | | | Vote Deadline Date | 14-May-2018 | | |
| SEDOL(s) | | | | | Quick Code | | | |
| Item | Proposal | | | Proposed by | Vote | Management Recommendation | For/Against Management | | | |
| 1a. | Election of Director: Linda B. Bammann | Management | For | | For | For | | | | |
| 1b. | Election of Director: James A. Bell | Management | For | | For | For | | | | |
| 1c. | Election of Director: Stephen B. Burke | Management | For | | For | For | | | | |
| 1d. | Election of Director: Todd A. Combs | Management | For | | For | For | | | | |
| 1e. | Election of Director: James S. Crown | Management | For | | For | For | | | | |
| 1f. | Election of Director: James Dimon | Management | For | | For | For | | | | |
| 1g. | Election of Director: Timothy P. Flynn | Management | For | | For | For | | | | |
| 1h. | Election of Director: Mellody Hobson | Management | For | | For | For | | | | |
| 1i. | Election of Director: Laban P. Jackson Jr. | Management | For | | For | For | | | | |
| 1j. | Election of Director: Michael A. Neal | Management | For | | For | For | | | | |
| 1k. | Election of Director: Lee R. Raymond | Management | For | | For | For | | | | |
| 1l. | Election of Director: William C. Weldon | Management | For | | For | For | | | | |
| 2. | Ratification of special meeting provisions in the Firm's By-Laws | Management | For | | For | For | | | | |
| 3. | Advisory resolution to approve executive compensation | Management | For | | For | For | | | | |
| 4. | Approval of Amended and Restated Long- Term Incentive Plan effective May 15, 2018 | Management | For | | For | For | | | | |
| 5. | Ratification of independent registered public accounting firm | Management | For | | For | For | | | | |
| 6. | Independent Board chairman | Shareholder | Against | | Against | For | | | | |
| 7. | Vesting for government service | Shareholder | Against | | Against | For | | | | |
| 8. | Proposal to report on investments tied to genocide | Shareholder | Against | | Against | For | | | | |
| 9. | Cumulative Voting | Shareholder | Against | | Against | For | | | | |
| | | ACR Comments: Performance has been excellent. Voted with board on all items. One item of concern is Jamie Dimon's comp which seems to equal 1/1000th of company profits regardless of how much profit grows. | | | | |
| | | | | | | | | | | | | | | | | | | | | | | |
| | Account Number | | Account Name | | | Internal Account | Custodian | Ballot Shares | | | Unavailable Shares | Vote Date | Date Confirmed |
| 142605.1 | ACR MQR FUND - US | 1426051 | UMB BANK, N.A. | 20,911 | | 0 | 08-May-2018 | 16-May-2018 |
| 142605.19 | ACR MQR FUND - PLEDGED | 1426051 | UMB BANK, N.A. | 3,800 | | 0 | 08-May-2018 | 16-May-2018 |
| KINGSTONE COMPANIES, INC. | | | |
| Security | 496719105 | | | | | | | | Meeting Type | Annual | | |
| Ticker Symbol | KINS | | | | | | | | Meeting Date | 09-Aug-2017 | | |
| ISIN | US4967191051 | | | | | | | | Agenda | 934652505 - Management | | |
| Record Date | 14-Jun-2017 | | | | | | | | Holding Recon Date | 14-Jun-2017 | | |
| City / | Country | | | / | United States | | | | | Vote Deadline Date | 08-Aug-2017 | | |
| SEDOL(s) | | | | | Quick Code | | | |
| Item | Proposal | | | Proposed by | Vote | Management Recommendation | For/Against Management | | | |
| 1. | DIRECTOR | Management | | | | | | | | |
| | | | 1 | BARRY B. GOLDSTEIN | For | | For | For | | | | |
| | | | 2 | JAY M. HAFT | For | | For | For | | | | |
| | | | 3 | FLOYD R. TUPPER | For | | For | For | | | | |
| | | | 4 | WILLIAM L. YANKUS | For | | For | For | | | | |
| | | | 5 | CARLA A. D'ANDRE | For | | For | For | | | | |
| 2. | TO RATIFY THE SELECTION OF MARCUM LLP AS THE COMPANY'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER 31, 2017. | Management | For | | For | For | | | | |
| | | ACR Comments: Kingstone is performing well. I voted "For" but would like to see the company change the bonus structure for CEO Barry Goldstein. Currently he is paid 6% of underwriting profit. This should decline and shift as the company grows. | | | | |
| | | | | | | | | | | | | | | | | | | | | | | |
| | Account Number | | Account Name | | | Internal Account | Custodian | Ballot Shares | | | Unavailable Shares | Vote Date | Date Confirmed |
| 142605.1 | ACR MQR FUND - US | 1426051 | UMB BANK, N.A. | 67,565 | | 0 | 07-Aug-2017 | 10-Aug-2017 |
| 142605.19 | ACR MQR FUND - PLEDGED | 1426051 | UMB BANK, N.A. | 18,387 | | 0 | 07-Aug-2017 | 10-Aug-2017 |
| MBIA INC. | | | |
| Security | 55262C100 | | | | | | | | Meeting Type | Annual | | |
| Ticker Symbol | MBI | | | | | | | | Meeting Date | 02-May-2018 | | |
| ISIN | US55262C1009 | | | | | | | | Agenda | 934747227 - Management | | |
| Record Date | 08-Mar-2018 | | | | | | | | Holding Recon Date | 08-Mar-2018 | | |
| City / | Country | | | / | United States | | | | | Vote Deadline Date | 01-May-2018 | | |
| SEDOL(s) | | | | | Quick Code | | | |
| Item | Proposal | | | Proposed by | Vote | Management Recommendation | For/Against Management | | | |
| 1a. | Election of Director: Francis Y. Chin | Management | Against | | For | Against | | | | |
| 1b. | Election of Director: William C. Fallon | Management | Against | | For | Against | | | | |
| 1c. | Election of Director: Steven J. Gilbert | Management | Against | | For | Against | | | | |
| 1d. | Election of Director: Charles R. Rinehart | Management | Against | | For | Against | | | | |
| 1e. | Election of Director: Theodore Shasta | Management | Against | | For | Against | | | | |
| 1f. | Election of Director: Richard C. Vaughan | Management | Against | | For | Against | | | | |
| 2. | To approve, on an advisory basis, executive compensation. | Management | Against | | For | Against | | | | |
| 3. | To ratify the selection of PricewaterhouseCoopers LLP, certified public accountants, as independent auditors for the Company for the year 2018. | Management | For | | For | For | | | | |
| 4. | To ratify the adoption of an amendment to MBIA Inc.'s By-Laws approved by the Board of Directors on February 13, 2018. | Management | For | | For | For | | | | |
| | | ACR Comments: Voted against board and management comp. This is an insurer in runoff and expenses need to be brought down to the bone. Company still at $80 million in operating cost per annum, this needs to be brought down further still. There is little management can do at this point to ultimately bring value to the business. Voted for auditor and change in by-law's to preserve NOLs. | | | | |
| | | | | | | | | | | | | | | | | | | | | | | |
| | Account Number | | Account Name | | | Internal Account | Custodian | Ballot Shares | | | Unavailable Shares | Vote Date | Date Confirmed |
| 142605.1 | ACR MQR FUND - US | 1426051 | UMB BANK, N.A. | 35,000 | | 0 | 24-Apr-2018 | 03-May-2018 |
| MERCK & CO., INC. | | | |
| Security | 58933Y105 | | | | | | | | Meeting Type | Annual | | |
| Ticker Symbol | MRK | | | | | | | | Meeting Date | 22-May-2018 | | |
| ISIN | US58933Y1055 | | | | | | | | Agenda | 934774262 - Management | | |
| Record Date | 28-Mar-2018 | | | | | | | | Holding Recon Date | 28-Mar-2018 | | |
| City / | Country | | | / | United States | | | | | Vote Deadline Date | 21-May-2018 | | |
| SEDOL(s) | | | | | Quick Code | | | |
| Item | Proposal | | | Proposed by | Vote | Management Recommendation | For/Against Management | | | |
| 1a. | Election of Director: Leslie A. Brun | Management | Against | | For | Against | | | | |
| 1b. | Election of Director: Thomas R. Cech | Management | Against | | For | Against | | | | |
| 1c. | Election of Director: Pamela J. Craig | Management | Against | | For | Against | | | | |
| 1d. | Election of Director: Kenneth C. Frazier | Management | Against | | For | Against | | | | |
| 1e. | Election of Director: Thomas H. Glocer | Management | Against | | For | Against | | | | |
| 1f. | Election of Director: Rochelle B. Lazarus | Management | Against | | For | Against | | | | |
| 1g. | Election of Director: John H. Noseworthy | Management | Against | | For | Against | | | | |
| 1h. | Election of Director: Paul B. Rothman | Management | Against | | For | Against | | | | |
| 1i. | Election of Director: Patricia F. Russo | Management | Against | | For | Against | | | | |
| 1j. | Election of Director: Craig B. Thompson | Management | Against | | For | Against | | | | |
| 1k. | Election of Director: Inge G. Thulin | Management | Against | | For | Against | | | | |
| 1l. | Election of Director: Wendell P. Weeks | Management | Against | | For | Against | | | | �� |
| 1m. | Election of Director: Peter C. Wendell | Management | Against | | For | Against | | | | |
| 2. | Non-binding advisory vote to approve the compensation of our named executive officers. | Management | Against | | For | Against | | | | |
| 3. | Ratification of the appointment of the Company's independent registered public accounting firm for 2018. | Management | For | | For | For | | | | |
| 4. | Shareholder proposal concerning shareholders' right to act by written consent. | Shareholder | Against | | Against | For | | | | |
| | | ACR Comments: Merck top/bottom line seem to fail to grow over time and management is compensated exceptionally well. Voted against all items except KPMG as auditor. | | | | |
| | | | | | | | | | | | | | | | | | | | | | | |
| | Account Number | | Account Name | | | Internal Account | Custodian | Ballot Shares | | | Unavailable Shares | Vote Date | Date Confirmed |
| 142605.1 | ACR MQR FUND - US | 1426051 | UMB BANK, N.A. | 1,300 | | 0 | 08-May-2018 | 23-May-2018 |
| 142605.19 | ACR MQR FUND - PLEDGED | 1426051 | UMB BANK, N.A. | 3,700 | | 0 | 08-May-2018 | 23-May-2018 |
| MICROSOFT CORPORATION | | | |
| Security | 594918104 | | | | | | | | Meeting Type | Annual | | |
| Ticker Symbol | MSFT | | | | | | | | Meeting Date | 29-Nov-2017 | | |
| ISIN | US5949181045 | | | | | | | | Agenda | 934689514 - Management | | |
| Record Date | 29-Sep-2017 | | | | | | | | Holding Recon Date | 29-Sep-2017 | | |
| City / | Country | | | / | United States | | | | | Vote Deadline Date | 28-Nov-2017 | | |
| SEDOL(s) | | | | | Quick Code | | | |
| Item | Proposal | | | Proposed by | Vote | Management Recommendation | For/Against Management | | | |
| 1A. | ELECTION OF DIRECTOR: WILLIAM H. GATES III | Management | For | | For | For | | | | |
| 1B. | ELECTION OF DIRECTOR: REID G. HOFFMAN | Management | For | | For | For | | | | |
| 1C. | ELECTION OF DIRECTOR: HUGH F. JOHNSTON | Management | For | | For | For | | | | |
| 1D. | ELECTION OF DIRECTOR: TERI L. LIST- STOLL | Management | For | | For | For | | | | |
| 1E. | ELECTION OF DIRECTOR: SATYA NADELLA | Management | For | | For | For | | | | |
| 1F. | ELECTION OF DIRECTOR: CHARLES H. NOSKI | Management | For | | For | For | | | | |
| 1G. | ELECTION OF DIRECTOR: HELMUT PANKE | Management | For | | For | For | | | | |
| 1H. | ELECTION OF DIRECTOR: SANDRA E. PETERSON | Management | For | | For | For | | | | |
| 1I. | ELECTION OF DIRECTOR: PENNY S. PRITZKER | Management | For | | For | For | | | | |
| 1J. | ELECTION OF DIRECTOR: CHARLES W. SCHARF | Management | For | | For | For | | | | |
| 1K. | ELECTION OF DIRECTOR: ARNE M. SORENSON | Management | For | | For | For | | | | |
| 1L. | ELECTION OF DIRECTOR: JOHN W. STANTON | Management | For | | For | For | | | | |
| 1M. | ELECTION OF DIRECTOR: JOHN W. THOMPSON | Management | For | | For | For | | | | |
| 1N. | ELECTION OF DIRECTOR: PADMASREE WARRIOR | Management | For | | For | For | | | | |
| 2. | ADVISORY VOTE TO APPROVE NAMED EXECUTIVE OFFICER COMPENSATION | Management | For | | For | For | | | | |
| 3. | ADVISORY VOTE ON THE FREQUENCY OF FUTURE ADVISORY VOTES TO APPROVE EXECUTIVE COMPENSATION | Management | 1 Year | | 1 Year | For | | | | |
| 4. | RATIFICATION OF DELOITTE & TOUCHE LLP AS OUR INDEPENDENT AUDITOR FOR FISCAL YEAR 2018 | Management | For | | For | For | | | | |
| 5. | APPROVAL OF MATERIAL TERMS OF THE PERFORMANCE GOALS UNDER THE EXECUTIVE INCENTIVE PLAN | Management | For | | For | For | | | | |
| 6. | APPROVAL OF THE MICROSOFT CORPORATION 2017 STOCK PLAN | Management | For | | For | For | | | | |
| | | ACR Comments: Voted with the board on all items. The company is firing on all cylinders and incentives appear aligned to drive long term growth. | | | | |
| | | | | | | | | | | | | | | | | | | | | | | |
| | Account Number | | Account Name | | | Internal Account | Custodian | Ballot Shares | | | Unavailable Shares | Vote Date | Date Confirmed |
| 142605.1 | ACR MQR FUND - US | 1426051 | UMB BANK, N.A. | 23,268 | | 0 | 21-Nov-2017 | 30-Nov-2017 |
| 142605.19 | ACR MQR FUND - PLEDGED | 1426051 | UMB BANK, N.A. | 18,600 | | 0 | 21-Nov-2017 | 30-Nov-2017 |
| MULTICONSULT ASA | | | |
| Security | R4S05B103 | | | | | | | | Meeting Type | Annual General Meeting | | |
| Ticker Symbol | MULTI.NO | | | | | | | | Meeting Date | 03-May-2018 | | |
| ISIN | NO0010734338 | | | | | | | | Agenda | 709248416 - Management | | |
| Record Date | 02-May-2018 | | | | | | | | Holding Recon Date | 02-May-2018 | | |
| City / | Country | | OSLO | / | Norway | Blocking | | | | Vote Deadline Date | 23-Apr-2018 | | |
| SEDOL(s) | BWWBXN8 - BY7SCN1 - BYL7S58 - BYTH2T2 | | | | Quick Code | | | |
| | | | | | | | | | | | | | | | | | | | | | | |
| Item | Proposal | | | Proposed by | Vote | Management Recommendation | For/Against Management | | | |
| CMMT | SHARES HELD IN AN OMNIBUS/NOMINEE ACCOUNT NEED TO BE RE-REGISTERED IN THE- BENEFICIAL OWNERS NAME TO BE ALLOWED TO VOTE AT MEETINGS. SHARES WILL BE-TEMPORARILY TRANSFERRED TO A SEPARATE ACCOUNT IN THE BENEFICIAL OWNER'S NAME-ON THE PROXY DEADLINE AND TRANSFERRED BACK TO THE OMNIBUS/NOMINEE ACCOUNT THE-DAY AFTER THE MEETING. | Non-Voting | | | | | | | | |
| CMMT | IMPORTANT MARKET PROCESSING REQUIREMENT: A BENEFICIAL OWNER SIGNED POWER OF-ATTORNEY (POA) IS REQUIRED IN ORDER TO LODGE AND EXECUTE YOUR VOTING- INSTRUCTIONS IN THIS MARKET. ABSENCE OF A POA, MAY CAUSE YOUR INSTRUCTIONS TO-BE REJECTED. IF YOU HAVE ANY QUESTIONS, PLEASE CONTACT YOUR CLIENT SERVICE- REPRESENTATIVE | Non-Voting | | | | | | | | |
| CMMT | ACCOUNTS. IF AN ACCOUNT HAS MULTIPLE BENEFICIAL OWNERS, YOU WILL NEED TO-PROVIDE THE BREAKDOWN OF EACH BENEFICIAL OWNER NAME, ADDRESS AND SHARE- POSITION TO YOUR CLIENT SERVICE REPRESENTATIVE. THIS INFORMATION IS REQUIRED-IN ORDER FOR YOUR VOTE TO BE LODGED-MARKET RULES REQUIRE DISCLOSURE OF BENEFICIAL OWNER INFORMATION FOR ALL VOTED | Non-Voting | | | | | | | | |
| 1 | ELECTION OF A CHAIRPERSON AND A PERSON TO CO-SIGN THE MINUTES | Non-Voting | | | | | | | | |
| 2 | APPROVAL OF THE NOTICE AND THE AGENDA | Management | For | | For | For | | | | |
| 3 | APPROVAL OF THE ANNUAL ACCOUNTS AND DIRECTOR'S REPORT OF MULTICONSULT ASA AND THE GROUP FOR 2017, INCLUDING ALLOCATION OF THE RESULT OF THE YEAR, AS WELL AS CONSIDERATION OF THE STATEMENT ON CORPORATE GOVERNANCE | Management | For | | For | For | | | | |
| 4 | APPROVAL OF THE REMUNERATION OF THE COMPANY'S AUDITOR | Management | For | | For | For | | | | |
| 5 | DETERMINATION OF THE REMUNERATION OF THE MEMBERS OF THE BOARD OF DIRECTORS | Management | For | | For | For | | | | |
| 6 | ELECTION OF MEMBERS TO THE BOARD OF DIRECTORS | Management | For | | For | For | | | | |
| 7 | DETERMINATION OF THE REMUNERATION OF THE MEMBERS OF THE NOMINATION COMMITTEE | Management | For | | For | For | | | | |
| 8 | ELECTION OF MEMBERS TO THE NOMINATION COMMITTEE | Management | For | | For | For | | | | |
| 9 | STATEMENT REGARDING REMUNERATION FOR SENIOR MANAGEMENT - APPROVAL OF EMPLOYEE SHARE PURCHASE PROGRAMME | Management | For | | For | For | | | | |
| 10 | PROPOSAL FOR AUTHORIZATION TO THE BOARD OF DIRECTORS TO INCREASE THE COMPANY'S SHARE CAPITAL | Management | Against | | For | Against | | | | |
| 11 | PROPOSAL FOR AUTHORIZATION TO ACQUIRE OWN SHARES | Management | For | | For | For | | | | |
| | | ACR Comments: So far performance has been poor and margins should increase in the future. Voted alongside management but voted against increasing share capital without preemtive rights. | | | | |
| | | | | | | | | | | | | | | | | | | | | | | |
| | Account Number | | Account Name | | | Internal Account | Custodian | Ballot Shares | | | Unavailable Shares | Vote Date | Date Confirmed |
| 618028974 | ACR INTERNATIONAL QUALITY RETURN (IQR) FUND | 145320 | CITIBANK, N.A. | 69,000 | | 0 | 26-Apr-2018 | 27-Apr-2018 |
| POWER CORP OF CANADA, MONTREAL, QC | | | |
| Security | 739239101 | | | | | | | | Meeting Type | Annual General Meeting | | |
| Ticker Symbol | POW.CN | | | | | | | | Meeting Date | 11-May-2018 | | |
| ISIN | CA7392391016 | | | | | | | | Agenda | 709262151 - Management | | |
| Record Date | 23-Mar-2018 | | | | | | | | Holding Recon Date | 23-Mar-2018 | | |
| City / | Country | | MONTRE AL | / | Canada | | | | | Vote Deadline Date | 07-May-2018 | | |
| SEDOL(s) | 2697701 - B1HHTV4 - B1P9XH6 - BHZLPZ6 | | | | Quick Code | | | |
| | | | | | | | | | | | | | | | | | | | | | | |
| Item | Proposal | | | Proposed by | Vote | Management Recommendation | For/Against Management | | | |
| CMMT | PLEASE NOTE THAT SHAREHOLDERS ARE ALLOWED TO VOTE 'IN FAVOR' OR 'AGAINST'-ONLY FOR RESOLUTIONS 3 AND 4 AND 'IN FAVOR' OR 'ABSTAIN' ONLY FOR RESOLUTION-NUMBERS 1.1 TO 1.12 AND 2. THANK YOU | Non-Voting | | | | | | | | |
| 1.1 | ELECTION OF DIRECTOR: PIERRE BEAUDOIN | Management | Abstain | | For | Against | | | | |
| 1.2 | ELECTION OF DIRECTOR: MARCEL R. COUTU | Management | Abstain | | For | Against | | | | |
| 1.3 | ELECTION OF DIRECTOR: ANDRE DESMARAIS | Management | Abstain | | For | Against | | | | |
| 1.4 | ELECTION OF DIRECTOR: PAUL DESMARAIS, JR | Management | Abstain | | For | Against | | | | |
| 1.5 | ELECTION OF DIRECTOR: GARY A. DOER | Management | Abstain | | For | Against | | | | |
| 1.6 | ELECTION OF DIRECTOR: ANTHONY R. GRAHAM | Management | Abstain | | For | Against | | | | |
| 1.7 | ELECTION OF DIRECTOR: J. DAVID A. JACKSON | Management | Abstain | | For | Against | | | | |
| 1.8 | ELECTION OF DIRECTOR: ISABELLE MARCOUX | Management | Abstain | | For | Against | | | | |
| 1.9 | ELECTION OF DIRECTOR: CHRISTIAN NOYER | Management | Abstain | | For | Against | | | | |
| 1.10 | ELECTION OF DIRECTOR: R. JEFFREY ORR | Management | Abstain | | For | Against | | | | |
| 1.11 | ELECTION OF DIRECTOR: T. TIMOTHY RYAN, JR | Management | Abstain | | For | Against | | | | |
| 1.12 | ELECTION OF DIRECTOR: EMOKE J.E. SZATHMARY | Management | Abstain | | For | Against | | | | |
| 2 | APPOINTMENT OF DELOITTE LLP AS AUDITORS | Management | For | | For | For | | | | |
| 3 | PLEASE NOTE THAT THIS RESOLUTION IS A SHAREHOLDER PROPOSAL: IT IS PROPOSED THAT THE CORPORATION REPORT VOTING RESULTS SEPARATELY ACCORDING TO CLASS OF SHARES GIVING THEIR HOLDERS EITHER ONE VOTE OR MULTIPLE VOTES | Shareholder | For | | Against | Against | | | | |
| 4 | PLEASE NOTE THAT THIS RESOLUTION IS A SHAREHOLDER PROPOSAL: IT IS PROPOSED THAT THE BOARD OF DIRECTORS ADOPT A POLICY TO GIVE SHAREHOLDERS A "SAY ON PAY" FOR EXECUTIVE COMPENSATION | Shareholder | For | | Against | Against | | | | |
| | | ACR Comments: Voted against board, voted for proposals to allow a say on pay vote and a proposal demanding a delienation of how many subordinated shares voted for a proposal. Voted for Auditor. There isn't enough information in the proxy to determine whether pay is reasonable outright, but approximately $3 million of each of the Desmares' comp comes directly from the Power Corp Hold Co which seems excessive given that it is not an operating buisness. | | | | |
| | | | | | | | | | | | | | | | | | | | | | | |
| | Account Number | | Account Name | | | Internal Account | Custodian | Ballot Shares | | | Unavailable Shares | Vote Date | Date Confirmed |
| 617705980 | ACR MULTI-STRATEGY QUALITY RETURN (MQR) FUND | 1426051 | CITIBANK, N.A. | 123,630 | | 0 | 01-May-2018 | 07-May-2018 |
| RESOLUTE FOREST PRODUCTS INC. | | | |
| Security | 76117W109 | | | | | | | | Meeting Type | Annual | | |
| Ticker Symbol | RFP | | | | | | | | Meeting Date | 25-May-2018 | | |
| ISIN | US76117W1099 | | | | | | | | Agenda | 934803809 - Management | | |
| Record Date | 29-Mar-2018 | | | | | | | | Holding Recon Date | 29-Mar-2018 | | |
| City / | Country | | | / | Canada | | | | | Vote Deadline Date | 24-May-2018 | | |
| SEDOL(s) | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | | | | | | | | | |
| Item | Proposal | | | Proposed by | Vote | Management Recommendation | For/Against Management | | | |
| 1.1 | Election of directors: Randall C. Benson | Management | For | | For | For | | | | |
| 1.2 | Jennifer C. Dolan | Management | For | | For | For | | | | |
| 1.3 | Richard D. Falconer | Management | For | | For | For | | | | |
| 1.4 | Jeffrey A. Hearn | Management | For | | For | For | | | | |
| 1.5 | Yves Laflamme | Management | For | | For | For | | | | |
| 1.6 | Bradley P. Martin | Management | For | | For | For | | | | |
| 1.7 | Alain Rhéaume | Management | For | | For | For | | | | |
| 1.8 | Michael S. Rousseau | Management | For | | For | For | | | | |
| 2 | Ratification of PricewaterhouseCoopers LLP appointment. | Management | For | | For | For | | | | |
| 3 | Advisory vote to approve executive compensation ("say-on-pay"). | Management | Against | | For | Against | | | | |
| | | ACR Comments: I voted for the board, against say on pay. A substantial portion of exec comp is based on factors outside mgmt control (EBIT) due to commodity nature of the business. A different method needs to be chosen. For board given a move to finally be rid of Richard Garneau. | | | | |
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| | Account Number | | Account Name | | | Internal Account | Custodian | Ballot Shares | | | Unavailable Shares | Vote Date | Date Confirmed |
| 142605.1 | ACR MQR FUND - US | 1426051 | UMB BANK, N.A. | 95,500 | | 0 | 21-May-2018 | 21-May-2018 |
| 142605.19 | ACR MQR FUND - PLEDGED | 1426051 | UMB BANK, N.A. | 13,200 | | 0 | 21-May-2018 | 21-May-2018 |
| SPX CORPORATION | | | |
| Security | 784635104 | | | | | | | | Meeting Type | Annual | | |
| Ticker Symbol | SPXC | | | | | | | | Meeting Date | 15-May-2018 | | |
| ISIN | US7846351044 | | | | | | | | Agenda | 934767471 - Management | | |
| Record Date | 20-Mar-2018 | | | | | | | | Holding Recon Date | 20-Mar-2018 | | |
| City / | Country | | | / | United States | | | | | Vote Deadline Date | 14-May-2018 | | |
| SEDOL(s) | | | | | Quick Code | | | |
| Item | Proposal | | | Proposed by | Vote | Management Recommendation | For/Against Management | | | |
| 1A | Election of Director: Ruth G. Shaw | Management | For | | For | For | | | | |
| 1B | Election of Director: Robert B. Toth | Management | For | | For | For | | | | |
| 2. | Approval of Named Executive Officers' Compensation, on a Non-binding Advisory Basis. | Management | For | | For | For | | | | |
| 3. | Ratification of Appointment of Deloitte & Touche LLP as the Company's Independent Registered Public Accounting Firm for the 2018 fiscal year. | Management | For | | For | For | | | | |
| | | ACR Comments: performance has been solid, capital allocation has been good, but pay is creeping up. So far the mgmt. team has been worth it due to very good performance but will keep an eye on the relationship between pay and performance | | | | |
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| | Account Number | | Account Name | | | Internal Account | Custodian | Ballot Shares | | | Unavailable Shares | Vote Date | Date Confirmed |
| 142605.1 | ACR MQR FUND - US | 1426051 | UMB BANK, N.A. | 77,498 | | 0 | 04-May-2018 | 16-May-2018 |
| SPX FLOW, INC. | | | |
| Security | 78469X107 | | | | | | | | Meeting Type | Annual | | |
| Ticker Symbol | FLOW | | | | | | | | Meeting Date | 09-May-2018 | | |
| ISIN | US78469X1072 | | | | | | | | Agenda | 934750868 - Management | | |
| Record Date | 16-Mar-2018 | | | | | | | | Holding Recon Date | 16-Mar-2018 | | |
| City / | Country | | | / | United States | | | | | Vote Deadline Date | 08-May-2018 | | |
| SEDOL(s) | | | | | Quick Code | | | |
| Item | Proposal | | | Proposed by | Vote | Management Recommendation | For/Against Management | | | |
| 1.1 | Election of Director: Majdi B. Abulaban | Management | For | | For | For | | | | |
| 1.2 | Election of Director: Emerson U. Fullwood | Management | For | | For | For | | | | |
| 1.3 | Election of Director: Terry S. Lisenby | Management | For | | For | For | | | | |
| 2. | To approve, by non-binding vote, the compensation of SPX FLOW's named executive officers as disclosed in its proxy statement. | Management | For | | For | For | | | | |
| 3. | To approve the amendment to our Amended and Restated Certificate of Incorporation to provide for the annual election of the Board of Directors. | Management | For | | For | For | | | | |
| 4. | To approve the amendment to our Amended and Restated Certificate of Incorporation to eliminate supermajority stockholder voting requirements. | Management | For | | For | For | | | | |
| 5. | To ratify the appointment of Deloitte & Touche LLP as our independent public accountants for 2018. | Management | For | | For | For | | | | |
| | | ACR Comments: Execution on the cost cutting plan and the restructuring of the global footprint appears to have been executed well. Margins have moved up as a result. Not the test will be whether FLOW can grow with or outgrow its markets that have been under pressure and should provide a rebound. Comp is a bit high but two more shareholder friendly adjustments are being proposed as amendments to the articles of incorporation (positive). | | | | |
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| | Account Number | | Account Name | | | Internal Account | Custodian | Ballot Shares | | | Unavailable Shares | Vote Date | Date Confirmed |
| 142605.1 | ACR MQR FUND - US | 1426051 | UMB BANK, N.A. | 58,073 | | 0 | 03-May-2018 | 10-May-2018 |
| 142605.19 | ACR MQR FUND - PLEDGED | 1426051 | UMB BANK, N.A. | 5,700 | | 0 | 03-May-2018 | 10-May-2018 |
| 145320.1 | ACR IQR FUND - US | 145320 | UMB BANK, N.A. | 9,886 | | 0 | 03-May-2018 | 10-May-2018 |
| SULZER AG, WINTERTHUR | | | |
| Security | H83580284 | | | | | | | | Meeting Type | Annual General Meeting | | |
| Ticker Symbol | SUN.SW | | | | | | | | Meeting Date | 04-Apr-2018 | | |
| ISIN | CH0038388911 | | | | | | | | Agenda | 709055126 - Management | | |
| Record Date | 26-Mar-2018 | | | | | | | | Holding Recon Date | 26-Mar-2018 | | |
| City / | Country | | WINTER THUR | / | Switzerland | | | | | Vote Deadline Date | 23-Mar-2018 | | |
| SEDOL(s) | 4854719 - 5263563 - B11FKL1 - B2NPVH9 - B2QXR27 | | | | Quick Code | | | |
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| Item | Proposal | | | Proposed by | Vote | Management Recommendation | For/Against Management | | | |
| CMMT | PART 2 OF THIS MEETING IS FOR VOTING ON AGENDA AND MEETING ATTENDANCE-REQUESTS ONLY. PLEASE ENSURE THAT YOU HAVE FIRST VOTED IN FAVOUR OF THE- REGISTRATION OF SHARES IN PART 1 OF THE MEETING. IT IS A MARKET REQUIREMENT-FOR MEETINGS OF THIS TYPE THAT THE SHARES ARE REGISTERED AND MOVED TO A- REGISTERED LOCATION AT THE CSD, AND SPECIFIC POLICIES AT THE INDIVIDUAL-SUB-CUSTODIANS MAY VARY. UPON RECEIPT OF THE VOTE INSTRUCTION, IT IS POSSIBLE-THAT A MARKER MAY BE PLACED ON YOUR SHARES TO ALLOW FOR RECONCILIATION AND-RE- REGISTRATION FOLLOWING A TRADE. THEREFORE WHILST THIS DOES NOT PREVENT THE-TRADING OF SHARES, ANY THAT ARE REGISTERED MUST BE FIRST DEREGISTERED IF-REQUIRED FOR SETTLEMENT. DEREGISTRATION CAN AFFECT THE VOTING RIGHTS OF THOSE-SHARES. IF YOU HAVE CONCERNS REGARDING YOUR ACCOUNTS, PLEASE CONTACT YOUR- CLIENT REPRESENTATIVE | Non-Voting | | | | | | | | |
| 1.1 | ANNUAL REPORT 2017: BUSINESS REVIEW, FINANCIAL STATEMENTS OF SULZER LTD AND CONSOLIDATED FINANCIAL STATEMENTS 2017, REPORTS OF THE AUDITORS | Management | For | | For | For | | | | |
| 1.2 | ANNUAL REPORT 2017: ADVISORY VOTE ON THE COMPENSATION REPORT 2017 | Management | For | | For | For | | | | |
| 2 | APPROPRIATION OF NET PROFITS: CHF 3.50 PER SHARE | Management | For | | For | For | | | | |
| 3 | DISCHARGE: THE BOARD OF DIRECTORS PROPOSES THAT DISCHARGE BE GRANTED TO ITS MEMBERS AND THE EXECUTIVE COMMITTEE FOR THE BUSINESS YEAR 2017 | Management | For | | For | For | | | | |
| 4.1 | COMPENSATION OF THE BOARD OF DIRECTORS | Management | For | | For | For | | | | |
| 4.2 | COMPENSATION OF THE EXECUTIVE COMMITTEE | Management | For | | For | For | | | | |
| 5.1 | RE-ELECTION OF THE CHAIRMAN OF THE BOARD OF DIRECTORS: MR. PETER LOESCHER | Management | For | | For | For | | | | |
| 5.2.1 | RE-ELECT MESSRS. MATTHIAS BICHSEL AS DIRECTOR | Management | For | | For | For | | | | |
| 5.2.2 | RE-ELECT AXEL HEITMANN AS DIRECTOR | Management | For | | For | For | | | | |
| 5.2.3 | RE-ELECT MIKHAIL LIFSHITZ AS DIRECTOR | Management | For | | For | For | | | | |
| 5.2.4 | RE-ELECT MARCO MUSETTI AS DIRECTOR | Management | For | | For | For | | | | |
| 5.2.5 | RE-ELECT GERHARD ROISS AS DIRECTOR | Management | For | | For | For | | | | |
| 5.3.1 | ELECT MRS. HANNE BIRGITTE BREINBJERG SORENSEN AS DIRECTOR | Management | For | | For | For | | | | |
| 5.3.2 | ELECT MR. LUKAS BRAUNSCHWEILER AS DIRECTOR | Management | For | | For | For | | | | |
| 6.1 | RE-ELECTION OF MEMBER TO THE REMUNERATION COMMITTEE: MR. MARCO MUSETTI | Management | For | | For | For | | | | |
| 6.2.1 | ELECTION OF NEW MEMBER TO THE REMUNERATION COMMITTEE: MRS. HANNE BIRGITTE BREINBJERG SORENSEN | Management | For | | For | For | | | | |
| 6.2.2 | ELECTION OF NEW MEMBER TO THE REMUNERATION COMMITTEE: MR. GERHARD ROISS | Management | For | | For | For | | | | |
| 7 | RE-ELECTION OF AUDITORS: KPMG AG, ZURICH | Management | For | | For | For | | | | |
| 8 | RE-ELECTION OF THE INDEPENDENT PROXY: PROXY VOTING SERVICES GMBH, ZURICH | Management | For | | For | For | | | | |
| | | ACR Comments: Reasonable performance in tough end markets. Margin has improved nicely, order in take has turned positive and mgmt. has made a couple of decent acquisitions. 2018 should still be transition year, but post 2018 organic revenue should grow nicely. Overall pay is reasonable. | | | | |
| CMMT | 22 MAR 2018: PLEASE NOTE THAT THIS IS A REVISION DUE TO MODIFICATION OF TEXT-IN RESOLUTION 5.1 AND 7. IF YOU HAVE ALREADY SENT IN YOUR VOTES, PLEASE DO-NOT VOTE AGAIN UNLESS YOU DECIDE TO AMEND YOUR ORIGINAL INSTRUCTIONS. THANK-YOU | Non-Voting | | | | | | | | |
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| | Account Number | | Account Name | | | Internal Account | Custodian | Ballot Shares | | | Unavailable Shares | Vote Date | Date Confirmed |
| 618028974 | ACR INTERNATIONAL QUALITY RETURN (IQR) FUND | 145320 | CITIBANK, N.A. | 3,850 | | 0 | 22-Mar-2018 | 23-Mar-2018 |
| TENNECO INC. | | | |
| Security | 880349105 | | | | | | | | Meeting Type | Annual | | |
| Ticker Symbol | TEN | | | | | | | | Meeting Date | 16-May-2018 | | |
| ISIN | US8803491054 | | | | | | | | Agenda | 934766861 - Management | | |
| Record Date | 19-Mar-2018 | | | | | | | | Holding Recon Date | 19-Mar-2018 | | |
| City / | Country | | | / | United States | | | | | Vote Deadline Date | 15-May-2018 | | |
| SEDOL(s) | | | | | Quick Code | | | |
| Item | Proposal | | | Proposed by | Vote | Management Recommendation | For/Against Management | | | |
| 1a. | Election of Director: Thomas C. Freyman | Management | For | | For | For | | | | |
| 1b. | Election of Director: Brian J. Kesseler | Management | For | | For | For | | | | |
| 1c. | Election of Director: Dennis J. Letham | Management | For | | For | For | | | | |
| 1d. | Election of Director: James S. Metcalf | Management | For | | For | For | | | | |
| 1e. | Election of Director: Roger B. Porter | Management | For | | For | For | | | | |
| 1f. | Election of Director: David B. Price, Jr. | Management | For | | For | For | | | | |
| 1g. | Election of Director: Gregg M. Sherrill | Management | For | | For | For | | | | |
| 1h. | Election of Director: Paul T. Stecko | Management | For | | For | For | | | | |
| 1i. | Election of Director: Jane L. Warner | Management | For | | For | For | | | | |
| 1j. | Election of Director: Roger J. Wood | Management | For | | For | For | | | | |
| 2. | Ratify the appointment of PricewaterhouseCoopers LLP as independent public accountants for 2018. | Management | For | | For | For | | | | |
| 3. | Approve executive compensation in an advisory vote. | Management | For | | For | For | | | | |
| | | ACR Comments: Corporate performance is strong, good management continuity with a deep bench, strong board. Voted for all. | | | | |
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| | Account Number | | Account Name | | | Internal Account | Custodian | Ballot Shares | | | Unavailable Shares | Vote Date | Date Confirmed |
| 142605.19 | ACR MQR FUND - PLEDGED | 1426051 | UMB BANK, N.A. | 24,600 | | 0 | 08-May-2018 | 17-May-2018 |
| THE HOWARD HUGHES CORPORATION | | | |
| Security | 44267D107 | | | | | | | | Meeting Type | Annual | | |
| Ticker Symbol | HHC | | | | | | | | Meeting Date | 17-May-2018 | | |
| ISIN | US44267D1072 | | | | | | | | Agenda | 934765528 - Management | | |
| Record Date | 22-Mar-2018 | | | | | | | | Holding Recon Date | 22-Mar-2018 | | |
| City / | Country | | | / | United States | | | | | Vote Deadline Date | 16-May-2018 | | |
| SEDOL(s) | | | | | Quick Code | | | |
| Item | Proposal | | | Proposed by | Vote | Management Recommendation | For/Against Management | | | |
| 1a. | Election of Director: William Ackman | Management | For | | For | For | | | | |
| 1b. | Election of Director: Adam Flatto | Management | For | | For | For | | | | |
| 1c. | Election of Director: Jeffrey Furber | Management | For | | For | For | | | | |
| 1d. | Election of Director: Beth Kaplan | Management | For | | For | For | | | | |
| 1e. | Election of Director: Allen Model | Management | For | | For | For | | | | |
| 1f. | Election of Director: R. Scot Sellers | Management | For | | For | For | | | | |
| 1g. | Election of Director: Steven Shepsman | Management | For | | For | For | | | | |
| 1h. | Election of Director: Burton M. Tansky | Management | For | | For | For | | | | |
| 1i. | Election of Director: Mary Ann Tighe | Management | For | | For | For | | | | |
| 1j. | Election of Director: David R. Weinreb | Management | For | | For | For | | | | |
| 2. | Advisory vote to approve named executive officer compensation. | Management | For | | For | For | | | | |
| 3. | The ratification of the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2018. | Management | For | | For | For | | | | |
| | | ACR Comments: Per PM no notes to add. | | | | |
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| | Account Number | | Account Name | | | Internal Account | Custodian | Ballot Shares | | | Unavailable Shares | Vote Date | Date Confirmed |
| 142605.1 | ACR MQR FUND - US | 1426051 | UMB BANK, N.A. | 28,932 | | 0 | 06-Apr-2018 | 18-May-2018 |
| VODAFONE GROUP PLC | | | |
| Security | G93882192 | | | | | | | | Meeting Type | Annual General Meeting | | |
| Ticker Symbol | VOD.L | | | | | | | | Meeting Date | 28-Jul-2017 | | |
| ISIN | GB00BH4HKS39 | | | | | | | | Agenda | 708268087 - Management | | |
| Record Date | | | | | | | | | Holding Recon Date | 26-Jul-2017 | | |
| City / | Country | | LONDON | / | United Kingdom | | | | | Vote Deadline Date | 24-Jul-2017 | | |
| SEDOL(s) | BH4HKS3 - BHBXMC2 - BJ38YH8 - BRTM7Z9 | | | | Quick Code | | | |
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| Item | Proposal | | | Proposed by | Vote | Management Recommendation | For/Against Management | | | |
| 1 | TO RECEIVE THE COMPANY'S ACCOUNTS, THE STRATEGIC REPORT AND REPORTS OF THE DIRECTORS AND THE AUDITOR FOR THE YEAR ENDED 31 MARCH 2017 | Management | For | | For | For | | | | |
| 2 | TO RE-ELECT GERARD KLEISTERLEE AS A DIRECTOR | Management | For | | For | For | | | | |
| 3 | TO RE-ELECT VITTORIO COLAO AS A DIRECTOR | Management | For | | For | For | | | | |
| 4 | TO RE-ELECT NICK READ AS A DIRECTOR | Management | For | | For | For | | | | |
| 5 | TO RE-ELECT SIR CRISPIN DAVIS AS A DIRECTOR | Management | For | | For | For | | | | |
| 6 | TO RE-ELECT DR MATHIAS DOPFNER AS A DIRECTOR | Management | For | | For | For | | | | |
| 7 | TO RE-ELECT DAME CLARA FURSE AS A DIRECTOR | Management | For | | For | For | | | | |
| 8 | TO RE-ELECT VALERIE GOODING AS A DIRECTOR | Management | For | | For | For | | | | |
| 9 | TO RE-ELECT RENEE JAMES AS A DIRECTOR | Management | For | | For | For | | | | |
| 10 | TO RE-ELECT SAMUEL JONAH AS A DIRECTOR | Management | For | | For | For | | | | |
| 11 | TO ELECT MARIA AMPARO MORALEDA MARTINEZ AS A DIRECTOR IN ACCORDANCE WITH THE COMPANY'S ARTICLES OF ASSOCIATION | Management | For | | For | For | | | | |
| 12 | TO RE-ELECT DAVID NISH AS A DIRECTOR | Management | For | | For | For | | | | |
| 13 | TO DECLARE A FINAL DIVIDEND OF 10.03 EUROCENTS PER ORDINARY SHARE FOR THE YEAR ENDED 31 MARCH 2017 | Management | For | | For | For | | | | |
| 14 | TO APPROVE THE DIRECTORS' REMUNERATION POLICY CONTAINED IN THE REMUNERATION REPORT OF THE BOARD FOR THE YEAR ENDED 31 MARCH 2017 | Management | For | | For | For | | | | |
| 15 | TO APPROVE THE ANNUAL REPORT ON REMUNERATION CONTAINED IN THE REMUNERATION REPORT OF THE BOARD FOR THE YEAR ENDED 31 MARCH 2017 | Management | For | | For | For | | | | |
| 16 | TO REAPPOINT PRICEWATERHOUSECOOPERS LLP AS THE COMPANY'S AUDITOR UNTIL THE END OF THE NEXT GENERAL MEETING AT WHICH ACCOUNTS ARE LAID BEFORE THE COMPANY | Management | For | | For | For | | | | |
| 17 | TO AUTHORISE THE AUDIT AND RISK COMMITTEE TO DETERMINE THE REMUNERATION OF THE AUDITOR | Management | For | | For | For | | | | |
| 18 | TO RENEW THE BOARD'S POWER UNDER ARTICLE 11.2 OF THE COMPANY'S ARTICLES OF ASSOCIATION TO ALLOT SHARES, GRANT RIGHTS TO SUBSCRIBE FOR SHARES AND TO CONVERT ANY SECURITY INTO SHARES IN THE COMPANY: (A) UP TO AN AGGREGATE NOMINAL AMOUNT OF USD 1,859,443,347 (THE 'SECTION 551 AMOUNT'); AND (B) UP TO A FURTHER AGGREGATE NOMINAL AMOUNT OF USD 1,859,443,347 ONLY FOR THE PURPOSES OF A RIGHTS ISSUE: - TO ORDINARY SHAREHOLDERS IN PROPORTION (AS NEARLY AS PRACTICABLE) TO THEIR EXISTING HOLDINGS; AND - TO PEOPLE WHO ARE HOLDERS OF OR OTHERWISE HAVE RIGHTS TO OTHER EQUITY SECURITIES IF THIS IS REQUIRED BY THE RIGHTS OF THOSE SECURITIES OR, IF THE BOARD CONSIDERS IT NECESSARY, AS PERMITTED BY THE RIGHTS OF THOSE SECURITIES, SUBJECT, IN BOTH CASES, TO SUCH EXCLUSIONS OR OTHER ARRANGEMENTS AS THE DIRECTORS MAY DEEM NECESSARY OR EXPEDIENT IN RELATION TO TREASURY SHARES, FRACTIONAL ENTITLEMENTS, RECORD DATES OR LEGAL, REGULATORY OR PRACTICAL PROBLEMS IN, OR UNDER THE LAWS OF, ANY TERRITORY OR ANY OTHER MATTER. THE DIRECTORS MAY USE THIS POWER UNTIL THE EARLIER OF THE END OF THE NEXT AGM OF THE | Management | For | | For | For | | | | |
| | | | | | | | | | | | | | | |
| | | COMPANY OR THE CLOSE OF BUSINESS ON 30 SEPTEMBER 2018 (THE PERIOD FROM THE DATE OF THIS RESOLUTION UNTIL THEN BEING THE 'ALLOTMENT PERIOD'). THIS AUTHORITY REPLACES ALL PREVIOUS AUTHORITIES | | | | | | | | | | | | | |
| 19 | IF RESOLUTION 18 IS PASSED, THE BOARD BE AUTHORISED TO ALLOT EQUITY SECURITIES (AS DEFINED IN THE COMPANIES ACT 2006) FOR CASH UNDER THE AUTHORITY GIVEN BY THAT RESOLUTION AND/OR TO SELL ORDINARY SHARES HELD BY THE COMPANY AS TREASURY SHARES FOR CASH AS IF SECTION 561 OF THE COMPANIES ACT 2006 DID NOT APPLY TO ANY SUCH ALLOTMENT OR SALE, SUCH AUTHORITY TO BE LIMITED: (A) IN CONNECTION WITH A PRE-EMPTIVE OFFER (AS DEFINED IN THE COMPANY'S ARTICLES OF ASSOCIATION); AND (B) TO THE ALLOTMENT OF EQUITY SECURITIES OR SALE OF TREASURY SHARES (OTHERWISE THAN UNDER PARAGRAPH (A) ABOVE) UP TO AN AGGREGATE NOMINAL AMOUNT OF USD 278,916,502 (THE 'SECTION 561 AMOUNT'), SUCH AUTHORITY TO EXPIRE AT THE END OF THE NEXT AGM OF THE COMPANY (OR, IF EARLIER, AT THE CLOSE OF BUSINESS ON 30 SEPTEMBER 2018) BUT, IN EACH CASE, PRIOR TO ITS EXPIRY THE COMPANY MAY MAKE OFFERS, AND ENTER INTO AGREEMENTS, WHICH WOULD, OR MIGHT, REQUIRE EQUITY SECURITIES TO BE ALLOTTED (AND TREASURY SHARES TO BE SOLD) AFTER THE AUTHORITY EXPIRES AND THE BOARD MAY ALLOT EQUITY SECURITIES (AND SELL TREASURY SHARES) UNDER ANY SUCH OFFER OR AGREEMENT AS IF THE AUTHORITY HAD NOT EXPIRED | Management | For | | For | For | | | | |
| | | | | | | | | | | | | | | |
| 20 | IF RESOLUTION 18 IS PASSED, THE BOARD BE AUTHORISED IN ADDITION TO ANY AUTHORITY GRANTED UNDER RESOLUTION 19 TO ALLOT EQUITY SECURITIES (AS DEFINED IN THE COMPANIES ACT 2006) FOR CASH UNDER THE AUTHORITY GIVEN BY THAT RESOLUTION AND/OR TO SELL ORDINARY SHARES HELD BY THE COMPANY AS TREASURY SHARES FOR CASH AS IF SECTION 561 OF THE COMPANIES ACT 2006 DID NOT APPLY | Management | For | | For | For | | | | |
| | | TO ANY SUCH ALLOTMENT OR SALE, SUCH AUTHORITY TO BE: (A) LIMITED TO THE ALLOTMENT OF EQUITY SECURITIES OR SALE OF TREASURY SHARES UP TO A NOMINAL AMOUNT OF USD 278,916,502; AND (B) USED ONLY FOR THE PURPOSES OF FINANCING (OR REFINANCING, IF THE AUTHORITY IS TO BE USED WITHIN SIX MONTHS AFTER THE ORIGINAL TRANSACTION) A TRANSACTION WHICH THE BOARD DETERMINES TO BE AN ACQUISITION OR OTHER CAPITAL INVESTMENT OF A KIND CONTEMPLATED BY THE STATEMENT OF PRINCIPLES ON DISAPPLYING PRE-EMPTION RIGHTS MOST RECENTLY PUBLISHED BY THE PRE-EMPTION GROUP PRIOR TO THE DATE OF THIS NOTICE, SUCH AUTHORITY TO EXPIRE AT THE END OF THE NEXT AGM OF THE COMPANY (OR, IF EARLIER, AT THE CLOSE OF BUSINESS ON 30 SEPTEMBER 2018) BUT, IN EACH CASE, PRIOR TO ITS EXPIRY THE COMPANY MAY MAKE OFFERS, AND ENTER INTO AGREEMENTS, WHICH WOULD, OR MIGHT, REQUIRE EQUITY SECURITIES TO BE ALLOTTED (AND TREASURY SHARES TO BE SOLD) AFTER THE AUTHORITY EXPIRES AND THE BOARD MAY ALLOT EQUITY SECURITIES (AND SELL TREASURY SHARES) UNDER ANY SUCH OFFER OR AGREEMENT AS IF THE AUTHORITY HAD NOT EXPIRED | | | | | | | | | | | | | |
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| 21 | TO AUTHORISE THE COMPANY, FOR THE PURPOSES OF SECTION 701 OF THE COMPANIES ACT 2006, TO MAKE MARKET PURCHASES (AS DEFINED IN SECTION 693 OF THE COMPANIES ACT 2006) OF ORDINARY SHARES OF 20 20/21 US CENTS EACH IN THE CAPITAL OF THE COMPANY PROVIDED THAT: (A) THE MAXIMUM AGGREGATE NUMBER OF ORDINARY SHARES WHICH MAY BE PURCHASED IS 2,662,384,793; (B) THE MINIMUM PRICE WHICH MAY BE PAID FOR EACH ORDINARY SHARE IS 20 20/21 US CENTS; (C) THE MAXIMUM PRICE (EXCLUDING EXPENSES) WHICH MAY BE PAID FOR ANY ORDINARY SHARE DOES NOT EXCEED THE HIGHER OF: - 5 PER CENT ABOVE THE AVERAGE CLOSING PRICE OF SUCH SHARES ON THE LONDON STOCK EXCHANGE DAILY OFFICIAL LIST FOR THE FIVE BUSINESS DAYS PRIOR TO | Management | For | | For | For | | | | |
| | | THE DATE OF PURCHASE; AND - THE HIGHER OF THE PRICE OF THE LAST INDEPENDENT TRADE AND THE HIGHEST CURRENT INDEPENDENT BID AS STIPULATED BY REGULATORY TECHNICAL STANDARDS ADOPTED BY THE EUROPEAN COMMISSION UNDER ARTICLE 5 (6) OF THE MARKET ABUSE REGULATION. THIS AUTHORITY WILL EXPIRE AT THE EARLIER OF THE END OF THE NEXT AGM OF THE COMPANY OR AT THE CLOSE OF BUSINESS ON 30 SEPTEMBER 2018, UNLESS THE AUTHORITY IS RENEWED BEFORE THEN (EXCEPT IN RELATION TO A PURCHASE OF ORDINARY SHARES WHERE THE CONTRACT WAS CONCLUDED BEFORE THE EXPIRY OF THE AUTHORITY BUT WHICH MIGHT BE EXECUTED WHOLLY OR PARTLY AFTER THAT EXPIRY) | | | | | | | | | | | | | |
| 22 | TO AUTHORISE THE COMPANY AND ITS SUBSIDIARIES DURING THE PERIOD THIS RESOLUTION HAS EFFECT, FOR THE PURPOSES OF PART 14 OF THE COMPANIES ACT 2006: (A) TO MAKE POLITICAL DONATIONS TO POLITICAL PARTIES AND/OR INDEPENDENT ELECTION CANDIDATES NOT EXCEEDING GBP 100,000; (B) TO MAKE POLITICAL DONATIONS TO POLITICAL ORGANISATIONS OTHER THAN POLITICAL PARTIES NOT EXCEEDING GBP 100,000; AND (C) TO INCUR POLITICAL EXPENDITURE NOT EXCEEDING GBP 100,000, PROVIDED THAT THE AGGREGATE OF DONATIONS AND EXPENDITURE UNDER (A), (B) AND (C) DOES NOT EXCEED GBP 100,000. ALL EXISTING AUTHORISATIONS AND APPROVALS RELATING TO POLITICAL DONATIONS OR EXPENDITURE UNDER PART 14 OF THE COMPANIES ACT 2006 ARE REVOKED WITHOUT PREJUDICE TO ANY DONATION MADE OR EXPENDITURE INCURRED BEFORE THOSE AUTHORISATIONS OR APPROVALS WERE REVOKED. THIS AUTHORITY WILL EXPIRE AT THE EARLIER OF THE END OF THE NEXT AGM OF THE COMPANY IN 2018 OR AT THE CLOSE OF BUSINESS ON 30 SEPTEMBER 2018. WORDS AND EXPRESSIONS DEFINED FOR THE PURPOSE OF THE COMPANIES ACT 2006 HAVE THE SAME MEANING IN THIS RESOLUTION | Management | For | | For | For | | | | |
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| 23 | TO AUTHORISE THE BOARD TO CALL GENERAL MEETINGS (OTHER THAN ANNUAL GENERAL MEETINGS) ON A MINIMUM OF 14 CLEAR DAYS' NOTICE | Management | For | | For | For | | | | |
| | | ACR Comments: VOD performance is improving as the company has returned to growth and has made several strategic moves that are very sensible. Board and comp are okay, but would like less focus on dividend and more on expediting the converged buildout. | | | | |
| | | | | | | | | | | | | | | | | | | | | | | |
| | Account Number | | Account Name | | | Internal Account | Custodian | Ballot Shares | | | Unavailable Shares | Vote Date | Date Confirmed |
| 617705980 | ACR MULTI-STRATEGY QUALITY RETURN (MQR) FUND | 1426051 | CITIBANK, N.A. | 247,600 | | 0 | 17-Jul-2017 | 24-Jul-2017 |
| VODAFONE GROUP PLC | | | |
| Security | 92857W308 | | | | | | | | Meeting Type | Annual | | |
| Ticker Symbol | VOD | | | | | | | | Meeting Date | 28-Jul-2017 | | |
| ISIN | US92857W3088 | | | | | | | | Agenda | 934649065 - Management | | |
| Record Date | 02-Jun-2017 | | | | | | | | Holding Recon Date | 02-Jun-2017 | | |
| City / | Country | | | / | United States | | | | | Vote Deadline Date | 18-Jul-2017 | | |
| SEDOL(s) | | | | | Quick Code | | | |
| Item | Proposal | | | Proposed by | Vote | Management Recommendation | For/Against Management | | | |
| 1. | TO RECEIVE THE COMPANY'S ACCOUNTS, THE STRATEGIC REPORT AND REPORTS OF THE DIRECTORS AND THE AUDITOR FOR THE YEAR ENDED 31 MARCH 2017 | Management | For | | For | For | | | | |
| 2. | TO RE-ELECT GERARD KLEISTERLEE AS A DIRECTOR | Management | For | | For | For | | | | |
| 3. | TO RE-ELECT VITTORIO COLAO AS A DIRECTOR | Management | For | | For | For | | | | |
| 4. | TO RE-ELECT NICK READ AS A DIRECTOR | Management | For | | For | For | | | | |
| 5. | TO RE-ELECT SIR CRISPIN DAVIS AS A DIRECTOR | Management | For | | For | For | | | | |
| 6. | TO RE-ELECT DR MATHIAS DOPFNER AS A DIRECTOR | Management | For | | For | For | | | | |
| 7. | TO RE-ELECT DAME CLARA FURSE AS A DIRECTOR | Management | For | | For | For | | | | |
| 8. | TO RE-ELECT VALERIE GOODING AS A DIRECTOR | Management | For | | For | For | | | | |
| 9. | TO RE-ELECT RENEE JAMES AS A DIRECTOR | Management | For | | For | For | | | | |
| 10. | TO RE-ELECT SAMUEL JONAH AS A DIRECTOR | Management | For | | For | For | | | | |
| 11. | TO ELECT MARIA AMPARO MORALEDA MARTINEZ AS A DIRECTOR IN ACCORDANCE WITH THE COMPANY'S ARTICLES | Management | For | | For | For | | | | |
| 12. | TO RE-ELECT DAVID NISH AS A DIRECTOR | Management | For | | For | For | | | | |
| 13. | TO DECLARE A FINAL DIVIDEND OF 10.03 EUROCENTS PER ORDINARY SHARE FOR THE YEAR ENDED 31 MARCH 2017 | Management | For | | For | For | | | | |
| 14. | TO APPROVE THE DIRECTORS' REMUNERATION POLICY CONTAINED IN THE REMUNERATION REPORT OF THE BOARD FOR THE YEAR ENDED 31 MARCH 2017 | Management | For | | For | For | | | | |
| 15. | TO APPROVE THE ANNUAL REPORT ON REMUNERATION CONTAINED IN THE REMUNERATION REPORT OF THE BOARD FOR THE YEAR ENDED 31 MARCH 2017 | Management | For | | For | For | | | | |
| 16. | TO REAPPOINT PRICEWATERHOUSECOOPERS LLP AS THE COMPANY'S AUDITOR UNTIL THE END OF THE NEXT GENERAL MEETING AT WHICH ACCOUNTS ARE LAID BEFORE THE COMPANY | Management | For | | For | For | | | | |
| 17. | TO AUTHORISE THE AUDIT AND RISK COMMITTEE TO DETERMINE THE REMUNERATION OF THE AUDITOR | Management | For | | For | For | | | | |
| 18. | TO AUTHORISE THE DIRECTORS TO ALLOT SHARES | Management | For | | For | For | | | | |
| 19. | TO AUTHORISE THE DIRECTORS TO DIS-APPLY PRE-EMPTION RIGHTS (SPECIAL RESOLUTION) | Management | For | | For | For | | | | |
| 20. | TO AUTHORISE THE DIRECTORS TO DIS-APPLY PRE-EMPTION RIGHTS UP TO A FURTHER 5 PER CENT FOR THE PURPOSES OF FINANCING AN ACQUISITION OR OTHER CAPITAL INVESTMENT (SPECIAL RESOLUTION) | Management | For | | For | For | | | | |
| 21. | TO AUTHORISE THE COMPANY TO PURCHASE ITS OWN SHARES (SPECIAL RESOLUTION) | Management | For | | For | For | | | | |
| 22. | TO AUTHORISE POLITICAL DONATIONS AND EXPENDITURE | Management | For | | For | For | | | | |
| 23. | TO AUTHORISE THE COMPANY TO CALL GENERAL MEETINGS (OTHER THAN AGMS) ON 14 CLEAR DAYS' NOTICE (SPECIAL RESOLUTION) | Management | For | | For | For | | | | |
| | | ACR Comments: VOD performance is improving as the company has returned to growth and has made several strategic moves that are very sensible. Board and comp are okay, but would like less focus on dividend and more on expediting the converged buildout. | | | | |
| | | | | | | | | | | | | | | | | | | | | | | |
| | Account Number | | Account Name | | | Internal Account | Custodian | Ballot Shares | | | Unavailable Shares | Vote Date | Date Confirmed |
| 142605.1 | ACR MQR FUND - US | 1426051 | UMB BANK, N.A. | 62,247 | | 0 | 17-Jul-2017 | 20-Jul-2017 |
| 142605.19 | ACR MQR FUND - PLEDGED | 1426051 | UMB BANK, N.A. | 8,900 | | 0 | 17-Jul-2017 | 20-Jul-2017 |
| 145320.1 | ACR IQR FUND - US | 145320 | UMB BANK, N.A. | 21,600 | | 0 | 17-Jul-2017 | 20-Jul-2017 |
Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
