UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD
OF
REGISTERED MANAGEMENT INVESTMENT COMPANIES
INVESTMENT COMPANY ACT FILE NUMBER: 811-3916
NAME OF REGISTRANT: VANGUARD SPECIALIZED FUNDS
ADDRESS OF REGISTRANT: PO BOX 2600, VALLEY FORGE, PA 19482
NAME AND ADDRESS OF AGENT FOR SERVICE: HEIDI STAM
PO BOX 876
VALLEY FORGE, PA 19482
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (610) 669-1000
DATE OF FISCAL YEAR END: JANUARY 31
DATE OF REPORTING PERIOD: JULY 1, 2011 - JUNE 30, 2012
FUND: VANGUARD REIT INDEX FUND
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ISSUER: Acadia Realty Trust
TICKER: AKR CUSIP: 004239109
MEETING DATE: 5/16/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR KENNETH F. BERNSTEIN ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR DOUGLAS CROCKER II ISSUER YES FOR FOR
PROPOSAL #3: ELECT DIRECTOR LORRENCE T. KELLAR ISSUER YES FOR FOR
PROPOSAL #4: ELECT DIRECTOR WENDY LUSCOMBE ISSUER YES FOR FOR
PROPOSAL #5: ELECT DIRECTOR WILLIAM T. SPITZ ISSUER YES FOR FOR
PROPOSAL #6: ELECT DIRECTOR LEE S. WIELANSKY ISSUER YES FOR FOR
PROPOSAL #7: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #8: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #9: AMEND OMNIBUS STOCK PLAN ISSUER YES FOR FOR
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ISSUER: Alexander's, Inc.
TICKER: ALX CUSIP: 014752109
MEETING DATE: 5/24/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR DAVID MANDELBAUM ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR ARTHUR I. SONNENBLICK ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR RICHARD R. WEST ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
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ISSUER: Alexandria Real Estate Equities, Inc.
TICKER: ARE CUSIP: 015271109
MEETING DATE: 5/21/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR JOEL S. MARCUS ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR RICHARD B. JENNINGS ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR JOHN L. ATKINS, III ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR MARIA C. FREIRE ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR RICHARD H. KLEIN ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR JAMES H. RICHARDSON ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR MARTIN A. SIMONETTI ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
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ISSUER: American Campus Communities, Inc.
TICKER: ACC CUSIP: 024835100
MEETING DATE: 5/3/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR WILLIAM C. BAYLESS, JR. ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR R.D. BURCK ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR G. STEVEN DAWSON ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR CYDNEY C. DONNELL ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR EDWARD LOWENTHAL ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR WINSTON W. WALKER ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
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ISSUER: Apartment Investment and Management Company
TICKER: AIV CUSIP: 03748R101
MEETING DATE: 4/30/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR JAMES N. BAILEY ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR TERRY CONSIDINE ISSUER YES FOR FOR
PROPOSAL #3: ELECT DIRECTOR THOMAS L. KELTNER ISSUER YES FOR FOR
PROPOSAL #4: ELECT DIRECTOR J. LANDIS MARTIN ISSUER YES FOR FOR
PROPOSAL #5: ELECT DIRECTOR ROBERT A. MILLER ISSUER YES FOR FOR
PROPOSAL #6: ELECT DIRECTOR KATHLEEN M. NELSON ISSUER YES FOR FOR
PROPOSAL #7: ELECT DIRECTOR MICHAEL A. STEIN ISSUER YES FOR FOR
PROPOSAL #8: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #9: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
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ISSUER: Ashford Hospitality Trust, Inc.
TICKER: AHT CUSIP: 044103109
MEETING DATE: 5/15/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR ARCHIE BENNETT, JR. ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR MONTY J. BENNETT ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR BENJAMIN J. ANSELL ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR THOMAS E. CALLAHAN ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR MARTIN L. EDELMAN ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR W. MICHAEL MURPHY ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR PHILLIP S. PAYNE ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
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ISSUER: Associated Estates Realty Corporation
TICKER: AEC CUSIP: 045604105
MEETING DATE: 5/9/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR ALBERT T. ADAMS ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR JEFFREY I. FRIEDMAN ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR MICHAEL E. GIBBONS ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR MARK L. MILSTEIN ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR JAMES J. SANFILIPPO ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR JAMES A. SCHOFF ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR RICHARD T. SCHWARZ ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
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ISSUER: AvalonBay Communities, Inc.
TICKER: AVB CUSIP: 053484101
MEETING DATE: 5/23/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR BRYCE BLAIR ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR ALAN B. BUCKELEW ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR BRUCE A. CHOATE ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR JOHN J. HEALY, JR. ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR TIMOTHY J. NAUGHTON ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR LANCE R. PRIMIS ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR PETER S. RUMMELL ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR H. JAY SARLES ISSUER YES FOR FOR
PROPOSAL #1.9: ELECT DIRECTOR W. EDWARD WALTER ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #4: PREPARE SUSTAINABILITY REPORT SHAREHOLDER YES AGAINST FOR
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ISSUER: BioMed Realty Trust, Inc.
TICKER: BMR CUSIP: 09063H107
MEETING DATE: 5/30/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR ALAN D. GOLD ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR BARBARA R. CAMBON ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR EDWARD A. DENNIS ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR RICHARD I. GILCHRIST ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR GARY A. KREITZER ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR THEODORE D. ROTH ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR M. FAYE WILSON ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
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ISSUER: Boston Properties, Inc.
TICKER: BXP CUSIP: 101121101
MEETING DATE: 5/15/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR LAWRENCE S. BACOW ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR ZOE BAIRD BUDINGER ISSUER YES FOR FOR
PROPOSAL #3: ELECT DIRECTOR DOUGLAS T. LINDE ISSUER YES FOR FOR
PROPOSAL #4: ELECT DIRECTOR MATTHEW J. LUSTIG ISSUER YES FOR FOR
PROPOSAL #5: ELECT DIRECTOR ALAN J. PATRICOF ISSUER YES FOR FOR
PROPOSAL #6: ELECT DIRECTOR MARTIN TURCHIN ISSUER YES FOR FOR
PROPOSAL #7: ELECT DIRECTOR DAVID A. TWARDOCK ISSUER YES FOR FOR
PROPOSAL #8: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #9: AMEND OMNIBUS STOCK PLAN ISSUER YES FOR FOR
PROPOSAL #10: RATIFY AUDITORS ISSUER YES FOR FOR
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ISSUER: Brandywine Realty Trust
TICKER: BDN CUSIP: 105368203
MEETING DATE: 5/31/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR WALTER D'ALESSIO ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR ANTHONY A. NICHOLS, SR. ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR GERARD H. SWEENEY ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR WYCHE FOWLER ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR MICHAEL J. JOYCE ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR MICH CHARLES P. PIZZI ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR JAMES C. DIGGS ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
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ISSUER: BRE Properties, Inc.
TICKER: BRE CUSIP: 05564E106
MEETING DATE: 5/15/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR IRVING F. LYONS, III ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR PAULA F. DOWNEY ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR CHRISTOPHER J. MCGURK ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR MATTHEW T. MEDEIROS ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR CONSTANCE B. MOORE ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR JEANNE R. MYERSON ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR JEFFREY T. PERO ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR THOMAS E. ROBINSON ISSUER YES FOR FOR
PROPOSAL #1.9: ELECT DIRECTOR DENNIS E. SINGLETON ISSUER YES FOR FOR
PROPOSAL #1.10: ELECT DIRECTOR THOMAS P. SULLIVAN ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
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ISSUER: Camden Property Trust
TICKER: CPT CUSIP: 133131102
MEETING DATE: 5/11/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR RICHARD J. CAMPO ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR SCOTT S. INGRAHAM ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR LEWIS A. LEVEY ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR WILLIAM B. MCGUIRE, JR. ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR WILLIAM F. PAULSEN ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR D. KEITH ODEN ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR F. GARDNER PARKER ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR FRANCES ALDRICH ISSUER YES FOR FOR
SEVILLA-SACASA
PROPOSAL #1.9: ELECT DIRECTOR STEVEN A. WEBSTER ISSUER YES FOR FOR
PROPOSAL #1.10: ELECT DIRECTOR KELVIN R. WESTBROOK ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: INCREASE AUTHORIZED COMMON STOCK ISSUER YES FOR FOR
PROPOSAL #4: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
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ISSUER: Campus Crest Communities, Inc.
TICKER: CCG CUSIP: 13466Y105
MEETING DATE: 4/23/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR TED W. ROLLINS ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR MICHAEL S. HARTNETT ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR N. ANTHONY COLES ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR RICHARD S. KAHLBAUGH ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR DENIS MCGLYNN ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR WILLIAM G. POPEO ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR DANIEL L. SIMMONS ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
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ISSUER: CapLease, Inc.
TICKER: LSE CUSIP: 140288101
MEETING DATE: 6/14/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR PAUL H. MCDOWELL ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR WILLIAM R. POLLERT ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR MICHAEL E. GAGLIARDI ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR CATHERINE F. LONG ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR JEFFREY F. ROGATZ ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR HOWARD A. SILVER ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: RATIFY AUDITORS ISSUER YES FOR FOR
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ISSUER: CBL & Associates Properties, Inc.
TICKER: CBL CUSIP: 124830100
MEETING DATE: 5/7/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR JOHN N. FOY ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR THOMAS J. DEROSA ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR MATTHEW S. DOMINSKI ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #4: APPROVE OMNIBUS STOCK PLAN ISSUER YES FOR FOR
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ISSUER: Cedar Realty Trust, Inc.
TICKER: CDR CUSIP: 150602209
MEETING DATE: 6/15/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR JAMES J. BURNS ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR RAGHUNATH DAVLOOR ISSUER YES FOR FOR
PROPOSAL #3: ELECT DIRECTOR PAMELA N. HOOTKIN ISSUER YES FOR FOR
PROPOSAL #4: ELECT DIRECTOR PAUL G. KIRK, JR. ISSUER YES FOR FOR
PROPOSAL #5: ELECT DIRECTOR EVERETT B. MILLER, III ISSUER YES FOR FOR
PROPOSAL #6: ELECT DIRECTOR BRUCE J. SCHANZER ISSUER YES FOR FOR
PROPOSAL #7: ELECT DIRECTOR ROGER M. WIDMANN ISSUER YES FOR FOR
PROPOSAL #8: APPROVE OMNIBUS STOCK PLAN ISSUER YES FOR FOR
PROPOSAL #9: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES AGAINST AGAINST
OFFICERS' COMPENSATION
PROPOSAL #10: RATIFY AUDITORS ISSUER YES FOR FOR
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ISSUER: Chesapeake Lodging Trust
TICKER: CHSP CUSIP: 165240102
MEETING DATE: 5/25/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR JAMES L. FRANCIS ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR DOUGLAS W. VICARI ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR THOMAS A. NATELLI ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR THOMAS D. ECKERT ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR JOHN W. HILL ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR GEORGE F. MCKENZIE ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR JEFFREY D. NUECHTERLEIN ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: AMEND OMNIBUS STOCK PLAN ISSUER YES FOR FOR
PROPOSAL #4: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
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ISSUER: Cogdell Spencer Inc.
TICKER: CSA CUSIP: 19238U107
MEETING DATE: 3/9/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: APPROVE MERGER AGREEMENT ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE ON GOLDEN PARACHUTES ISSUER YES AGAINST AGAINST
PROPOSAL #3: ADJOURN MEETING ISSUER YES FOR FOR
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ISSUER: Colonial Properties Trust
TICKER: CLP CUSIP: 195872106
MEETING DATE: 4/25/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR CARL F. BAILEY ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR EDWIN M. CRAWFORD ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR M. MILLER GORRIE ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR WILLIAM M. JOHNSON ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR JAMES K. LOWDER ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR THOMAS H. LOWDER ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR HERBERT A. MEISLER ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR CLAUDE B. NIELSEN ISSUER YES FOR FOR
PROPOSAL #1.9: ELECT DIRECTOR HAROLD W. RIPPS ISSUER YES FOR FOR
PROPOSAL #1.10: ELECT DIRECTOR JOHN W. SPIEGEL ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
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ISSUER: CommonWealth REIT
TICKER: CWH CUSIP: 203233101
MEETING DATE: 5/8/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR WILLIAM A. LAMKIN ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR ADAM D. PORTNOY ISSUER YES FOR FOR
PROPOSAL #3: APPROVE RESTRICTED STOCK PLAN ISSUER YES FOR FOR
PROPOSAL #4: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #5: RATIFY AUDITORS ISSUER YES FOR FOR
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ISSUER: CoreSite Realty Corporation
TICKER: COR CUSIP: 21870Q105
MEETING DATE: 5/16/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR ROBERT G. STUCKEY ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR THOMAS M. RAY ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR JAMES A. ATTWOOD, JR. ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR MICHAEL KOEHLER ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR PAUL E. SZUREK ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR J. DAVID THOMPSON ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR DAVID A. WILSON ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
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ISSUER: Corporate Office Properties Trust
TICKER: OFC CUSIP: 22002T108
MEETING DATE: 5/10/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR JAY H. SHIDLER ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR CLAY W. HAMLIN, III ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR THOMAS F. BRADY ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR ROBERT L. DENTON ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR ELIZABETH A. HIGHT ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR DAVID M. JACOBSTEIN ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR STEVEN D. KESLER ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR RICHARD SZAFRANSKI ISSUER YES FOR FOR
PROPOSAL #1.9: ELECT DIRECTOR ROGER A. WAESCHE, JR. ISSUER YES FOR FOR
PROPOSAL #1.10: ELECT DIRECTOR KENNETH D. WETHE ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
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ISSUER: Cousins Properties Incorporated
TICKER: CUZ CUSIP: 222795106
MEETING DATE: 5/8/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR TOM G. CHARLESWORTH ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR JAMES D. EDWARDS ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR LAWRENCE L. ISSUER YES FOR FOR
GELLERSTEDT, III
PROPOSAL #1.4: ELECT DIRECTOR LILLIAN C. GIORNELLI ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR S. TAYLOR GLOVER ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR JAMES H. HANCE, JR. ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR WILLIAM PORTER PAYNE ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR R. DARY STONE ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES AGAINST AGAINST
OFFICERS' COMPENSATION
PROPOSAL #3: RATIFY AUDITORS ISSUER YES FOR FOR
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ISSUER: CubeSmart
TICKER: CUBE CUSIP: 229663109
MEETING DATE: 5/30/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR WILLIAM M. ISSUER YES FOR FOR
DIEFENDERFER, III
PROPOSAL #1.2: ELECT DIRECTOR PIERO BUSSANI ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR DEAN JERNIGAN ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR MARIANNE M. KELER ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR DAVID J. LARUE ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR JOHN F. REMONDI ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR JEFFREY F. ROGATZ ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR JOHN W. FAIN ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: DCT Industrial Trust Inc.
TICKER: DCT CUSIP: 233153105
MEETING DATE: 4/26/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR THOMAS G. WATTLES ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR PHILIP L. HAWKINS ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR MARILYN A. ALEXANDER ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR THOMAS F. AUGUST ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR JOHN S. GATES, JR. ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR RAYMOND B. GREER ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR TRIPP H. HARDIN ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR JOHN C. O'KEEFFE ISSUER YES FOR FOR
PROPOSAL #1.9: ELECT DIRECTOR BRUCE L. WARWICK ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: DDR Corp.
TICKER: DDR CUSIP: 23317H102
MEETING DATE: 5/15/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR TERRANCE R. AHERN ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR JAMES C. BOLAND ISSUER YES FOR FOR
PROPOSAL #3: ELECT DIRECTOR THOMAS FINNE ISSUER YES FOR FOR
PROPOSAL #4: ELECT DIRECTOR ROBERT H. GIDEL ISSUER YES FOR FOR
PROPOSAL #5: ELECT DIRECTOR DANIEL B. HURWITZ ISSUER YES FOR FOR
PROPOSAL #6: ELECT DIRECTOR VOLKER KRAFT ISSUER YES FOR FOR
PROPOSAL #7: ELECT DIRECTOR REBECCA L. MACCARDINI ISSUER YES FOR FOR
PROPOSAL #8: ELECT DIRECTOR TOR B. MACFARLANE ISSUER YES FOR FOR
PROPOSAL #9: ELECT DIRECTOR CRAIG MACNAB ISSUER YES FOR FOR
PROPOSAL #10: ELECT DIRECTOR SCOTT D. ROULSTON ISSUER YES FOR FOR
PROPOSAL #11: ELECT DIRECTOR BARRY A. SHOLEM ISSUER YES FOR FOR
PROPOSAL #12: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #13: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #14: APPROVE OMNIBUS STOCK PLAN ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: DiamondRock Hospitality Company
TICKER: DRH CUSIP: 252784301
MEETING DATE: 4/25/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR WILLIAM W. MCCARTEN ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR DANIEL J. ALTOBELLO ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR W. ROBERT GRAFTON ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR MAUREEN L. MCAVEY ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR GILBERT T. RAY ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR JOHN L. WILLIAMS ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR MARK W. BRUGGER ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Digital Realty Trust, Inc.
TICKER: DLR CUSIP: 253868103
MEETING DATE: 4/23/2012 FOR/AGAINST
PROPOSAL: �� PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR MICHAEL F. FOUST ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR LAURENCE A. CHAPMAN ISSUER YES FOR FOR
PROPOSAL #3: ELECT DIRECTOR KATHLEEN EARLEY ISSUER YES FOR FOR
PROPOSAL #4: ELECT DIRECTOR RUANN F. ERNST, PH.D. ISSUER YES FOR FOR
PROPOSAL #5: ELECT DIRECTOR DENNIS E. SINGLETON ISSUER YES FOR FOR
PROPOSAL #6: ELECT DIRECTOR ROBERT H. ZERBST ISSUER YES FOR FOR
PROPOSAL #7: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #8: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Douglas Emmett, Inc.
TICKER: DEI CUSIP: 25960P109
MEETING DATE: 5/24/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR DAN A. EMMETT ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR JORDAN L. KAPLAN ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR KENNETH M. PANZER ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR CHRISTOPHER H. ANDERSON ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR LESLIE E. BIDER ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR DAVID T. FEINBERG ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR THOMAS E. O'HERN ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR ANDREA RICH ISSUER YES FOR FOR
PROPOSAL #1.9: ELECT DIRECTOR WILLIAM E. SIMON, JR. ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Duke Realty Corporation
TICKER: DRE CUSIP: 264411505
MEETING DATE: 4/25/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR THOMAS J. BALTIMORE, JR. ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR WILLIAM CAVANAUGH, III ISSUER YES FOR FOR
PROPOSAL #3: ELECT DIRECTOR ALAN H. COHEN ISSUER YES FOR FOR
PROPOSAL #4: ELECT DIRECTOR NGAIRE E. CUNEO ISSUER YES FOR FOR
PROPOSAL #5: ELECT DIRECTOR CHARLES R. EITEL ISSUER YES FOR FOR
PROPOSAL #6: ELECT DIRECTOR MARTIN C. JISCHKE, PH.D. ISSUER YES FOR FOR
PROPOSAL #7: ELECT DIRECTOR DENNIS D. OKLAK ISSUER YES FOR FOR
PROPOSAL #8: ELECT DIRECTOR MELANIE R. SABELHAUS ISSUER YES FOR FOR
PROPOSAL #9: ELECT DIRECTOR PETER M. SCOTT, III ISSUER YES FOR FOR
PROPOSAL #10: ELECT DIRECTOR JACK R. SHAW ISSUER YES FOR FOR
PROPOSAL #11: ELECT DIRECTOR LYNN C. THURBER ISSUER YES FOR FOR
PROPOSAL #12: ELECT DIRECTOR ROBERT J. WOODWARD, JR. ISSUER YES FOR FOR
PROPOSAL #13: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #14: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: DuPont Fabros Technology, Inc.
TICKER: DFT CUSIP: 26613Q106
MEETING DATE: 5/30/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR MICHAEL A. COKE ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR LAMMOT J. DU PONT ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR THOMAS D. ECKERT ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR HOSSEIN FATEH ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR JONATHAN G. HEILIGER ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR FREDERIC V. MALEK ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR JOHN T. ROBERTS, JR. ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR JOHN H. TOOLE ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: EastGroup Properties, Inc.
TICKER: EGP CUSIP: 277276101
MEETING DATE: 5/30/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR D. PIKE ALOIAN ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR H.C. BAILEY, JR. ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR HAYDEN C. EAVES, III ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR FREDRIC H. GOULD ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR DAVID H. HOSTER, II ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR MARY E. MCCORMICK ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR DAVID M. OSNOS ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR LELAND R. SPEED ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR �� FOR
OFFICERS' COMPENSATION
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Education Realty Trust, Inc.
TICKER: EDR CUSIP: 28140H104
MEETING DATE: 5/16/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR PAUL O. BOWER ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR MONTE J. BARROW ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR WILLIAM J. CAHILL, III ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR RANDALL L. CHURCHEY ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR JOHN L. FORD ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR HOWARD A. SILVER ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR WENDELL W. WEAKLEY ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Entertainment Properties Trust
TICKER: EPR CUSIP: 29380T105
MEETING DATE: 5/9/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR JACK A. NEWMAN, JR. ISSUER YES WITHHOLD AGAINST
PROPOSAL #1.2: ELECT DIRECTOR JAMES A. OLSON ISSUER YES WITHHOLD AGAINST
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: AMEND OMNIBUS STOCK PLAN ISSUER YES FOR FOR
PROPOSAL #4: AMEND EXECUTIVE INCENTIVE BONUS PLAN ISSUER YES FOR FOR
PROPOSAL #5: RATIFY AUDITORS ISSUER YES AGAINST AGAINST
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Equity LifeStyle Properties, Inc.
TICKER: ELS CUSIP: 29472R108
MEETING DATE: 5/8/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR PHILIP CALIAN ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR DAVID CONTIS ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR THOMAS DOBROWSKI ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR THOMAS HENEGHAN ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR SHELI ROSENBERG ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR HOWARD WALKER ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR GARY WATERMAN ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR SAMUEL ZELL ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #4: APPROVE CONVERSION OF SECURITIES ISSUER YES FOR FOR
PROPOSAL #5: INCREASE AUTHORIZED PREFERRED STOCK ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Equity One, Inc.
TICKER: EQY CUSIP: 294752100
MEETING DATE: 5/14/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR JAMES S. CASSEL ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR CYNTHIA R. COHEN ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR NEIL FLANZRAICH ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR NATHAN HETZ ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR CHAIM KATZMAN ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR PETER LINNEMAN ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR JEFFREY S. OLSON ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR DORI SEGAL ISSUER YES FOR FOR
PROPOSAL #1.9: ELECT DIRECTOR DAVID FISCHEL ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Equity Residential
TICKER: EQR CUSIP: 29476L107
MEETING DATE: 6/21/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR JOHN W. ALEXANDER ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR CHARLES L. ATWOOD ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR LINDA WALKER BYNOE ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR MARY KAY HABEN ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR BRADLEY A. KEYWELL ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR JOHN E. NEAL ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR DAVID J. NEITHERCUT ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR MARK S. SHAPIRO ISSUER YES FOR FOR
PROPOSAL #1.9: ELECT DIRECTOR GERALD A. SPECTOR ISSUER YES FOR FOR
PROPOSAL #1.10: ELECT DIRECTOR B. JOSEPH WHITE ISSUER YES FOR FOR
PROPOSAL #1.11: ELECT DIRECTOR SAMUEL ZELL ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #4: PREPARE SUSTAINABILITY REPORT SHAREHOLDER YES AGAINST FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Essex Property Trust, Inc.
TICKER: ESS CUSIP: 297178105
MEETING DATE: 5/15/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR GEORGE M. MARCUS ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR GARY P. MARTIN ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR MICHAEL J. SCHALL ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #4: OTHER BUSINESS ISSUER YES AGAINST AGAINST
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Excel Trust, Inc.
TICKER: EXL CUSIP: 30068C109
MEETING DATE: 4/30/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR GARY B. SABIN ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR SPENCER G. PLUMB ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR MARK T. BURTON ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR BRUCE G. BLAKLEY ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR BURLAND B. EAST, III ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR ROBERT E. PARSONS, JR. ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR WARREN R. STALEY ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Extra Space Storage Inc.
TICKER: EXR CUSIP: 30225T102
MEETING DATE: 5/22/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR SPENCER F. KIRK ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR ANTHONY FANTICOLA ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR HUGH W. HORNE ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR JOSEPH D. MARGOLIS ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR ROGER B. PORTER ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR K. FRED SKOUSEN ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR KENNETH M. WOOLLEY ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Federal Realty Investment Trust
TICKER: FRT CUSIP: 313747206
MEETING DATE: 5/2/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR JON E. BORTZ ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR DAVID W. FAEDER ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR KRISTIN GAMBLE ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR GAIL P. STEINEL ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR WARREN M. THOMPSON ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR JOSEPH S. VASSALLUZZO ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR DONALD C. WOOD ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: FelCor Lodging Trust Incorporated
TICKER: FCH CUSIP: 31430F101
MEETING DATE: 5/21/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR GLENN A. CARLIN ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR ROBERT A. MATHEWSON ISSUER YES FOR FOR
PROPOSAL #3: ELECT DIRECTOR RICHARD A. SMITH ISSUER YES FOR FOR
PROPOSAL #4: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #5: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: First Industrial Realty Trust, Inc.
TICKER: FR CUSIP: 32054K103
MEETING DATE: 5/10/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR JOHN RAU ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR W. ED TYLER ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: First Potomac Realty Trust
TICKER: FPO CUSIP: 33610F109
MEETING DATE: 5/23/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR ROBERT H. ARNOLD ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR RICHARD B. CHESS ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR DOUGLAS J. DONATELLI ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR J. RODERICK HELLER, III ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR R. MICHAEL MCCULLOGH ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR ALAN G. MERTEN ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR TERRY L. STEVENS ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Franklin Street Properties Corp.
TICKER: FSP CUSIP: 35471R106
MEETING DATE: 5/17/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR JOHN N. BURKE ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR BARBARA J. FOURNIER ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR BARRY SILVERSTEIN ISSUER YES FOR FOR
PROPOSAL #2: DECLASSIFY THE BOARD OF DIRECTORS ISSUER YES FOR FOR
PROPOSAL #3: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #4: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #5: REQUIRE A MAJORITY VOTE FOR THE ELECTION SHAREHOLDER YES AGAINST FOR
OF DIRECTORS
PROPOSAL #6: REQUIRE A MAJORITY VOTE FOR THE ELECTION SHAREHOLDER YES AGAINST FOR
OF DIRECTORS
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: General Growth Properties, Inc.
TICKER: GGP CUSIP: 370023103
MEETING DATE: 4/27/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR RICHARD B. CLARK ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR MARY LOU FIALA ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR J. BRUCE FLATT ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR JOHN K. HALEY ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR CYRUS MADON ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR SANDEEP MATHRANI ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR DAVID J. NEITHERCUT ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR MARK R. PATTERSON ISSUER YES FOR FOR
PROPOSAL #1.9: ELECT DIRECTOR JOHN G. SCHREIBER ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #4: APPROVE NONQUALIFIED EMPLOYEE STOCK ISSUER YES FOR FOR
PURCHASE PLAN
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Getty Realty Corp.
TICKER: GTY CUSIP: 374297109
MEETING DATE: 5/24/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR LEO LIEBOWITZ ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR MILTON COOPER ISSUER YES FOR FOR
PROPOSAL #3: ELECT DIRECTOR PHILIP E. COVIELLO ISSUER YES FOR FOR
PROPOSAL #4: ELECT DIRECTOR DAVID B. DRISCOLL ISSUER YES FOR FOR
PROPOSAL #5: ELECT DIRECTOR RICHARD E. MONTAG ISSUER YES FOR FOR
PROPOSAL #6: ELECT DIRECTOR HOWARD B. SAFENOWITZ ISSUER YES FOR FOR
PROPOSAL #7: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #8: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Glimcher Realty Trust
TICKER: GRT CUSIP: 379302102
MEETING DATE: 5/10/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR DAVID M. ARONOWITZ ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR HERBERT GLIMCHER ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR HOWARD GROSS ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #4: APPROVE OMNIBUS STOCK PLAN ISSUER YES FOR FOR
PROPOSAL #5: PERMIT THE BOARD OF TRUSTEES TO APPROVE ISSUER YES FOR FOR
AMENDMENTS TO THE AMENDED DECLARATION WITHOUT PRIOR
SHAREHOLDER APPROVAL
PROPOSAL #6: APPROVE CURRENT DECLARATION TO UPDATE ISSUER YES FOR FOR
AND MODERNIZE CERTAIN PROVISIONS RELATING TO
CORPORATE GOVERNANCE
PROPOSAL #7: INCREASE AUTHORIZED PREFERRED AND COMMON ISSUER YES FOR FOR
STOCK
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Government Properties Income Trust
TICKER: GOV CUSIP: 38376A103
MEETING DATE: 5/16/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR BARBARA D. GILMORE ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
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ISSUER: HCP, Inc.
TICKER: HCP CUSIP: 40414L109
MEETING DATE: 4/26/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR JAMES F. FLAHERTY, III ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR CHRISTINE N. GARVEY ISSUER YES FOR FOR
PROPOSAL #3: ELECT DIRECTOR DAVID B. HENRY ISSUER YES FOR FOR
PROPOSAL #4: ELECT DIRECTOR LAURALEE E. MARTIN ISSUER YES FOR FOR
PROPOSAL #5: ELECT DIRECTOR MICHAEL D. MCKEE ISSUER YES FOR FOR
PROPOSAL #6: ELECT DIRECTOR PETER L. RHEIN ISSUER YES FOR FOR
PROPOSAL #7: ELECT DIRECTOR KENNETH B. ROATH ISSUER YES FOR FOR
PROPOSAL #8: ELECT DIRECTOR JOSEPH P. SULLIVAN ISSUER YES FOR FOR
PROPOSAL #9: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #10: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
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ISSUER: Health Care REIT, Inc.
TICKER: HCN CUSIP: 42217K106
MEETING DATE: 5/3/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR WILLIAM C. BALLARD, JR. ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR GEORGE L. CHAPMAN ISSUER YES FOR FOR
PROPOSAL #3: ELECT DIRECTOR DANIEL A. DECKER ISSUER YES FOR FOR
PROPOSAL #4: ELECT DIRECTOR THOMAS J. DEROSA ISSUER YES FOR FOR
PROPOSAL #5: ELECT DIRECTOR JEFFREY H. DONAHUE ISSUER YES FOR FOR
PROPOSAL #6: ELECT DIRECTOR PETER J. GRUA ISSUER YES FOR FOR
PROPOSAL #7: ELECT DIRECTOR FRED S. KLIPSCH ISSUER YES FOR FOR
PROPOSAL #8: ELECT DIRECTOR SHARON M. OSTER ISSUER YES FOR FOR
PROPOSAL #9: ELECT DIRECTOR JEFFREY R. OTTEN ISSUER YES FOR FOR
PROPOSAL #10: ELECT DIRECTOR R. SCOTT TRUMBULL ISSUER YES FOR FOR
PROPOSAL #11: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #12: RATIFY AUDITORS ISSUER YES FOR FOR
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ISSUER: Healthcare Realty Trust Incorporated
TICKER: HR CUSIP: 421946104
MEETING DATE: 5/15/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR ERROL L. BIGGS ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR CHARLES RAYMOND ISSUER YES FOR FOR
FERNANDEZ
PROPOSAL #1.3: ELECT DIRECTOR BRUCE D. SULLIVAN ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Hersha Hospitality Trust
TICKER: HT CUSIP: 427825104
MEETING DATE: 5/24/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR JAY H. SHAH ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR DANIEL R. ELSZTAIN ISSUER YES FOR FOR
PROPOSAL #3: ELECT DIRECTOR DONALD J. LANDRY ISSUER YES FOR FOR
PROPOSAL #4: ELECT DIRECTOR MICHAEL A. LEVEN ISSUER YES FOR FOR
PROPOSAL #5: ELECT DIRECTOR THOMAS J. HUTCHISON, III ISSUER YES FOR FOR
PROPOSAL #6: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #7: RATIFY AUDITORS ISSUER YES FOR FOR
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ISSUER: Highwoods Properties, Inc.
TICKER: HIW CUSIP: 431284108
MEETING DATE: 5/15/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR THOMAS W. ADLER ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR GENE H. ANDERSON ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR EDWARD J. FRITSCH ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR DAVID J. HARTZELL ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR SHERRY A. KELLETT ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR MARK F. MULHERN ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR L. GLENN ORR, JR. �� ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR O. TEMPLE SLOAN, JR. ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Home Properties, Inc.
TICKER: HME CUSIP: 437306103
MEETING DATE: 5/1/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR STEPHEN R. BLANK ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR ALAN L. GOSULE ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR LEONARD F. HELBIG, III ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR CHARLES J. KOCH ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR THOMAS P. LYDON, JR. ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR EDWARD J. PETTINELLA ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR CLIFFORD W. SMITH, JR. ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR AMY L. TAIT ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Hospitality Properties Trust
TICKER: HPT CUSIP: 44106M102
MEETING DATE: 5/9/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR BRUCE M. GANS, M.D. ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR ADAM D. PORTNOY ISSUER YES FOR FOR
PROPOSAL #3: APPROVE RESTRICTED STOCK PLAN ISSUER YES FOR FOR
PROPOSAL #4: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #5: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #6: DECLASSIFY THE BOARD OF DIRECTORS SHAREHOLDER YES FOR AGAINST
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ISSUER: Host Hotels & Resorts, Inc.
TICKER: HST CUSIP: 44107P104
MEETING DATE: 5/10/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR ROBERT M. BAYLIS ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR TERENCE C. GOLDEN ISSUER YES �� FOR FOR
PROPOSAL #3: ELECT DIRECTOR ANN M. KOROLOGOS ISSUER YES FOR FOR
PROPOSAL #4: ELECT DIRECTOR RICHARD E. MARRIOTT ISSUER YES FOR FOR
PROPOSAL #5: ELECT DIRECTOR JOHN B. MORSE, JR. ISSUER YES FOR FOR
PROPOSAL #6: ELECT DIRECTOR WALTER C. RAKOWICH ISSUER YES FOR FOR
PROPOSAL #7: ELECT DIRECTOR GORDON H. SMITH ISSUER YES FOR FOR
PROPOSAL #8: ELECT DIRECTOR W. EDWARD WALTER ISSUER YES FOR FOR
PROPOSAL #9: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #10: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Hudson Pacific Properties, Inc.
TICKER: HPP CUSIP: 444097109
MEETING DATE: 6/7/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR VICTOR J. COLEMAN ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR HOWARD S. STERN ISSUER YES FOR FOR
PROPOSAL #3: ELECT DIRECTOR THEODORE R. ANTENUCCI ISSUER YES AGAINST AGAINST
PROPOSAL #4: ELECT DIRECTOR RICHARD B. FRIED ISSUER YES FOR FOR
PROPOSAL #5: ELECT DIRECTOR JONATHAN M. GLASER ISSUER YES AGAINST AGAINST
PROPOSAL #6: ELECT DIRECTOR MARK D. LINEHAN ISSUER YES AGAINST AGAINST
PROPOSAL #7: ELECT DIRECTOR ROBERT M. MORAN, JR. ISSUER YES FOR FOR
PROPOSAL #8: ELECT DIRECTOR BARRY A. PORTER ISSUER YES AGAINST AGAINST
PROPOSAL #9: ELECT DIRECTOR PATRICK WHITESELL ISSUER YES FOR FOR
PROPOSAL #10: AMEND OMNIBUS STOCK PLAN ISSUER YES AGAINST AGAINST
PROPOSAL #11: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #12: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Inland Real Estate Corporation
TICKER: IRC CUSIP: 457461200
MEETING DATE: 6/27/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR THOMAS P. D'ARCY ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR DANIEL L. GOODWIN ISSUER YES FOR FOR
PROPOSAL #3: ELECT DIRECTOR JOEL G. HERTER ISSUER YES FOR FOR
PROPOSAL #4: ELECT DIRECTOR HEIDI N. LAWTON ISSUER YES FOR FOR
PROPOSAL #5: ELECT DIRECTOR THOMAS H. MCAULEY ISSUER YES FOR FOR
PROPOSAL #6: ELECT DIRECTOR THOMAS R. MCWILLIAMS ISSUER YES FOR FOR
PROPOSAL #7: ELECT DIRECTOR JOEL D. SIMMONS ISSUER YES FOR FOR
PROPOSAL #8: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #9: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #10: INCREASE AUTHORIZED PREFERRED STOCK ISSUER YES FOR FOR
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ISSUER: Investors Real Estate Trust
TICKER: IRET CUSIP: 461730103
MEETING DATE: 9/20/2011 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR TIMOTHY P. MIHALICK ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR JEFFREY L. MILLER ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR JOHN T. REED ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR W. DAVID SCOTT ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR STEPHEN L. STENEHJEM ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR JOHN D. STEWART ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR THOMAS A. WENTZ, JR. ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR JEFFREY K. WOODBURY ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: ADVISORY VOTE ON SAY ON PAY FREQUENCY ISSUER YES ONE YEAR FOR
PROPOSAL #4: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Kilroy Realty Corporation
TICKER: KRC CUSIP: 49427F108
MEETING DATE: 5/17/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR JOHN B. KILROY, SR. ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR JOHN B. KILROY, JR. ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR EDWARD F. BRENNAN ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR WILLIAM P. DICKEY ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR SCOTT S. INGRAHAM ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR DALE F. KINSELLA ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES AGAINST AGAINST
OFFICERS' COMPENSATION
PROPOSAL #3: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Kimco Realty Corporation
TICKER: KIM CUSIP: 49446R109
MEETING DATE: 5/1/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR MILTON COOPER ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR PHILIP E. COVIELLO ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR RICHARD G. DOOLEY ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR JOE GRILLS ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR DAVID B. HENRY ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR F. PATRICK HUGHES ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR FRANK LOURENSO ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR COLOMBE M. NICHOLAS ISSUER YES FOR FOR
PROPOSAL #1.9: ELECT DIRECTOR RICHARD SALTZMAN ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: AMEND OMNIBUS STOCK PLAN ISSUER YES FOR FOR
PROPOSAL #4: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #5: OTHER BUSINESS ISSUER YES AGAINST AGAINST
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ISSUER: Kite Realty Group Trust
TICKER: KRG CUSIP: 49803T102
MEETING DATE: 5/9/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR JOHN A. KITE ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR WILLIAM E. BINDLEY ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR RICHARD A. COSIER ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR EUGENE GOLUB ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR GERALD L. MOSS ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR MICHAEL L. SMITH ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR DARELL E. ZINK, JR. ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: LaSalle Hotel Properties
TICKER: LHO CUSIP: 517942108
MEETING DATE: 4/20/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR JEFFREY T. FOLAND ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR DARRYL HARTLEY-LEONARD ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR WILLIAM S. MCCALMONT ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Lexington Realty Trust
TICKER: LXP CUSIP: 529043101
MEETING DATE: 5/15/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR E. ROBERT ROSKIND ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR T. WILSON EGLIN ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR CLIFFORD BROSER ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR HAROLD FIRST ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR RICHARD S. FRARY ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR JAMES GROSFELD ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR KEVIN W. LYNCH ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Liberty Property Trust
TICKER: LRY CUSIP: 531172104
MEETING DATE: 5/22/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR FREDERICK F. BUCHHOLZ ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR THOMAS C. DELOACH, JR. ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR KATHERINE ELIZABETH ISSUER YES FOR FOR
DIETZE
PROPOSAL #1.4: ELECT DIRECTOR DANIEL P. GARTON ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR WILLIAM P. HANKOWSKY ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR M. LEANNE LACHMAN ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR DAVID L. LINGERFELT ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR STEPHEN B. SIEGEL ISSUER YES FOR FOR
PROPOSAL #1.9: ELECT DIRECTOR STEPHEN D. STEINOUR ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #4: AMEND QUALIFIED EMPLOYEE STOCK PURCHASE ISSUER YES FOR FOR
PLAN
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: LTC Properties, Inc.
TICKER: LTC CUSIP: 502175102
MEETING DATE: 5/22/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR ANDRE C. DIMITRIADIS ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR BOYD W. HENDRICKSON ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR EDMUND C. KING ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR DEVRA G. SHAPIRO ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR WENDY L. SIMPSON ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR TIMOTHY J. TRICHE ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #4: INCREASE AUTHORIZED COMMON STOCK ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Mack-Cali Realty Corporation
TICKER: CLI CUSIP: 554489104
MEETING DATE: 6/5/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR MITCHELL E. HERSH ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR ALAN S. BERNIKOW ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR IRVIN D. REID ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Medical Properties Trust, Inc.
TICKER: MPW CUSIP: 58463J304
MEETING DATE: 5/17/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR EDWARD K. ALDAG, JR. ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR G. STEVEN DAWSON ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR R. STEVEN HAMNER ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR ROBERT E. HOLMES ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR SHERRY A. KELLETT ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR WILLIAM G. MCKENZIE ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR L. GLENN ORR, JR. ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Mid-America Apartment Communities, Inc.
TICKER: MAA CUSIP: 59522J103
MEETING DATE: 5/24/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR H. ERIC BOLTON, JR. ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR ALAN B. GRAF, JR. ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR JOHN S. GRINALDS ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR RALPH HORN ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR PHILIP W. NORWOOD ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR W. REID SANDERS ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR WILLIAM B. SANSOM ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR GARY SHORB ISSUER YES FOR FOR
PROPOSAL #2: INCREASE AUTHORIZED COMMON STOCK ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #4: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Monmouth Real Estate Investment Corporation
TICKER: MNR CUSIP: 609720107
MEETING DATE: 5/3/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR CATHERINE B. ELFLEIN ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR EUGENE W. LANDY ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR MICHAEL P. LANDY ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR SAMUEL A. LANDY ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: National Health Investors, Inc.
TICKER: NHI CUSIP: 63633D104
MEETING DATE: 5/10/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR ROBERT T. WEBB ISSUER YES FOR FOR
PROPOSAL #2: INCREASE AUTHORIZED COMMON STOCK ISSUER YES AGAINST AGAINST
PROPOSAL #3: APPROVE STOCK OPTION PLAN ISSUER YES FOR FOR
PROPOSAL #4: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #5: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #6: REQUIRE A MAJORITY VOTE FOR THE ELECTION SHAREHOLDER YES FOR AGAINST
OF DIRECTORS
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: National Retail Properties, Inc.
TICKER: NNN CUSIP: 637417106
MEETING DATE: 5/24/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR DON DEFOSSET ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR DAVID M. FICK ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR EDWARD J. FRITSCH ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR KEVIN B. HABICHT ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR RICHARD B. JENNINGS ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR TED B. LANIER ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR ROBERT C. LEGLER ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR CRAIG MACNAB ISSUER YES FOR FOR
PROPOSAL #1.9: ELECT DIRECTOR ROBERT MARTINEZ ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: AMEND OMNIBUS STOCK PLAN ISSUER YES FOR FOR
PROPOSAL #4: INCREASE AUTHORIZED COMMON STOCK ISSUER YES FOR FOR
PROPOSAL #5: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Nationwide Health Properties, Inc.
TICKER: NHP CUSIP: 638620104
MEETING DATE: 7/1/2011 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: APPROVE MERGER AGREEMENT ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Omega Healthcare Investors, Inc.
TICKER: OHI CUSIP: 681936100
MEETING DATE: 6/7/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR THOMAS F. FRANKE ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR BERNARD J. KORMAN ISSUER YES �� FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Parkway Properties, Inc.
TICKER: PKY CUSIP: 70159Q104
MEETING DATE: 5/17/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR CHARLES T. CANNADA ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR EDWARD M. CASAL ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR LAURIE L. DOTTER ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR DANIEL P. FRIEDMAN ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR JAMES R. HEISTAND ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR MICHAEL J. LIPSEY ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR BRENDA J. MIXSON ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR LELAND R. SPEED ISSUER YES FOR FOR
PROPOSAL #1.9: ELECT DIRECTOR TROY A. STOVALL ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Pennsylvania Real Estate Investment Trust
TICKER: PEI CUSIP: 709102107
MEETING DATE: 6/7/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR STEPHEN B. COHEN ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR JOSEPH F. CORADINO ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR M. WALTER D'ALESSIO ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR EDWARD A. GLICKMAN ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR ROSEMARIE B. GRECO ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR LEONARD I. KORMAN ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR IRA M. LUBERT ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR DONALD F. MAZZIOTTI ISSUER YES FOR FOR
PROPOSAL #1.9: ELECT DIRECTOR MARK E. PASQUERILLA ISSUER YES FOR FOR
PROPOSAL #1.10: ELECT DIRECTOR JOHN J. ROBERTS ISSUER YES FOR FOR
PROPOSAL #1.11: ELECT DIRECTOR GEORGE F. RUBIN ISSUER YES FOR FOR
PROPOSAL #1.12: ELECT DIRECTOR RONALD RUBIN ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: AMEND OMNIBUS STOCK PLAN ISSUER YES FOR FOR
PROPOSAL #4: INCREASE AUTHORIZED COMMON STOCK ISSUER YES FOR FOR
PROPOSAL #5: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Piedmont Office Realty Trust, Inc.
TICKER: PDM CUSIP: 720190206
MEETING DATE: 5/24/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR W. WAYNE WOODY ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR MICHAEL R. BUCHANAN ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR WESLEY E. CANTRELL ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR WILLIAM H. KEOGLER, JR. ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR DONALD S. MOSS ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR FRANK C. MCDOWELL ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR DONALD A. MILLER ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR RAYMOND G. MILNES, JR. ISSUER YES FOR FOR
PROPOSAL #1.9: ELECT DIRECTOR JEFFREY L. SWOPE ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Post Properties, Inc.
TICKER: PPS CUSIP: 737464107
MEETING DATE: 5/30/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR ROBERT C. GODDARD, III ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR DAVID P. STOCKERT ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR HERSCHEL M. BLOOM ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR WALTER M. DERISO, JR. ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR RUSSELL R. FRENCH ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR DALE ANNE REISS ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR STELLA F. THAYER ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR RONALD DE WAAL ISSUER YES FOR FOR
PROPOSAL #1.9: ELECT DIRECTOR DONALD C. WOOD ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Prologis, Inc.
TICKER: PLD CUSIP: 74340W103
MEETING DATE: 5/3/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR HAMID R. MOGHADAM ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR WALTER C. RAKOWICH ISSUER YES FOR FOR
PROPOSAL #3: ELECT DIRECTOR GEORGE L. FOTIADES ISSUER YES FOR FOR
PROPOSAL #4: ELECT DIRECTOR CHRISTINE N. GARVEY ISSUER YES FOR FOR
PROPOSAL #5: ELECT DIRECTOR LYDIA H. KENNARD ISSUER YES FOR FOR
PROPOSAL #6: ELECT DIRECTOR J. MICHAEL LOSH ISSUER YES FOR FOR
PROPOSAL #7: ELECT DIRECTOR IRVING F. LYONS, III ISSUER YES FOR FOR
PROPOSAL #8: ELECT DIRECTOR JEFFREY L. SKELTON ISSUER YES FOR FOR
PROPOSAL #9: ELECT DIRECTOR D. MICHAEL STEUERT ISSUER YES FOR FOR
PROPOSAL #10: ELECT DIRECTOR CARL B. WEBB ISSUER YES FOR FOR
PROPOSAL #11: ELECT DIRECTOR WILLIAM D. ZOLLARS ISSUER YES FOR FOR
PROPOSAL #12: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #13: ADVISORY VOTE ON SAY ON PAY FREQUENCY ISSUER YES ONE YEAR FOR
PROPOSAL #14: APPROVE OMNIBUS STOCK PLAN ISSUER YES FOR FOR
PROPOSAL #15: INCREASE AUTHORIZED COMMON STOCK ISSUER YES FOR FOR
PROPOSAL #16: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: PS Business Parks, Inc.
TICKER: PSB CUSIP: 69360J107
MEETING DATE: 4/30/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR RONALD L. HAVNER, JR. ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR JOSEPH D. RUSSELL, JR. ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR JENNIFER HOLDEN DUNBAR ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR JAMES H. KROPP ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR SARA GROOTWASSINK LEWIS ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR MICHAEL V. MCGEE ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR GARY E. PRUITT ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR PETER SCHULTZ ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: APPROVE OMNIBUS STOCK PLAN ISSUER YES FOR FOR
PROPOSAL #4: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Public Storage
TICKER: PSA CUSIP: 74460D109
MEETING DATE: 5/3/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR RONALD L. HAVNER, JR. ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR TAMARA HUGHES GUSTAVSON ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR URI P. HARKHAM ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR B. WAYNE HUGHES, JR. ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR AVEDICK B. POLADIAN ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR GARY E. PRUITT ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR RONALD P. SPOGLI ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR DANIEL C. STATON ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: AMEND OMNIBUS STOCK PLAN ISSUER YES FOR FOR
PROPOSAL #4: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Ramco-Gershenson Properties Trust
TICKER: RPT CUSIP: 751452202
MEETING DATE: 6/6/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR ARTHUR H. GOLDBERG ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR MARK K. ROSENFELD ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR STEPHEN R. BLANK ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR MATTHEW L. OSTROWER ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR JOEL M. PASHCOW ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR DAVID J. NETTINA ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: APPROVE OMNIBUS STOCK PLAN ISSUER YES FOR FOR
PROPOSAL #4: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Realty Income Corporation
TICKER: O CUSIP: 756109104
MEETING DATE: 5/8/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR KATHLEEN R. ALLEN ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR A. LARRY CHAPMAN ISSUER YES FOR FOR
PROPOSAL #3: ELECT DIRECTOR PRIYA CHERIAN HUSKINS ISSUER YES FOR FOR
PROPOSAL #4: ELECT DIRECTOR THOMAS A. LEWIS ISSUER YES FOR FOR
PROPOSAL #5: ELECT DIRECTOR MICHAEL D. MCKEE ISSUER YES FOR FOR
PROPOSAL #6: ELECT DIRECTOR GREGORY T. MCLAUGHLIN ISSUER YES FOR FOR
PROPOSAL #7: ELECT DIRECTOR RONALD L. MERRIMAN ISSUER YES FOR FOR
PROPOSAL #8: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #9: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #10: INCREASE AUTHORIZED PREFERRED AND ISSUER YES AGAINST AGAINST
COMMON STOCK
PROPOSAL #11: APPROVE INCREASE OR DECREASE AUTHORIZED ISSUER YES AGAINST AGAINST
SHARES OF CAPITAL STOCK
PROPOSAL #12: APPROVE OMNIBUS STOCK PLAN ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Realty Income Corporation
TICKER: O CUSIP: 756109104
MEETING DATE: 6/21/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: INCREASE AUTHORIZED PREFERRED AND COMMON ISSUER YES FOR FOR
STOCK
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Regency Centers Corporation
TICKER: REG CUSIP: 758849103
MEETING DATE: 5/1/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR MARTIN E. STEIN, JR. ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR RAYMOND L. BANK ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR C. RONALD BLANKENSHIP ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR A.R. CARPENTER ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR J. DIX DRUCE, JR. ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR MARY LOU FIALA ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR BRUCE M. JOHNSON ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR DOUGLAS S. LUKE ISSUER YES FOR FOR
PROPOSAL #1.9: ELECT DIRECTOR DAVID P. O'CONNOR ISSUER YES FOR FOR
PROPOSAL #1.10: ELECT DIRECTOR JOHN C. SCHWEITZER ISSUER YES FOR FOR
PROPOSAL #1.11: ELECT DIRECTOR BRIAN M. SMITH ISSUER YES FOR FOR
PROPOSAL #1.12: ELECT DIRECTOR THOMAS G. WATTLES ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Retail Opportunity Investments Corp.
TICKER: ROIC CUSIP: 76131N101
MEETING DATE: 5/2/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR RICHARD A. BAKER ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR MICHAEL J. INDIVERI ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR EDWARD H. MEYER ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR LEE S. NEIBART ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR CHARLES J. PERSICO ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR LAURA H. POMERANTZ ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR STUART A. TANZ ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR ERIC S. ZORN ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: RLJ Lodging Trust
TICKER: RLJ CUSIP: 74965L101
MEETING DATE: 5/4/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR ROBERT L. JOHNSON ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR THOMAS J. BALTIMORE, JR. ISSUER YES FOR FOR
PROPOSAL #3: ELECT DIRECTOR EVAN BAYH ISSUER YES FOR FOR
PROPOSAL #4: ELECT DIRECTOR NATHANIEL A. DAVIS ISSUER YES FOR FOR
PROPOSAL #5: ELECT DIRECTOR ROBERT M. LA FORGIA ISSUER YES FOR FOR
PROPOSAL #6: ELECT DIRECTOR GLENDA G. MCNEAL ISSUER YES �� FOR FOR
PROPOSAL #7: ELECT DIRECTOR JOSEPH RYAN ISSUER YES FOR FOR
PROPOSAL #8: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #9: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #10: ADVISORY VOTE ON SAY ON PAY FREQUENCY ISSUER YES ONE YEAR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Sabra Health Care REIT, Inc.
TICKER: SBRA CUSIP: 78573L106
MEETING DATE: 6/21/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR CRAIG A. BARBAROSH ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR ROBERT A. ETTL ISSUER YES FOR FOR
PROPOSAL #3: ELECT DIRECTOR MICHAEL J. FOSTER ISSUER YES FOR FOR
PROPOSAL #4: ELECT DIRECTOR RICHARD K. MATROS ISSUER YES FOR FOR
PROPOSAL #5: ELECT DIRECTOR MILTON J. WALTERS ISSUER YES FOR FOR
PROPOSAL #6: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #7: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Saul Centers, Inc.
TICKER: BFS CUSIP: 804395101
MEETING DATE: 5/4/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR PHILIP D. CARACI ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR GILBERT M. GROSVENOR ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR PHILIP C. JACKSON, JR. ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR MARK SULLIVAN, III ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: APPROVE CONVERSION OF SECURITIES ISSUER YES FOR FOR
PROPOSAL #4: OTHER BUSINESS ISSUER YES AGAINST AGAINST
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Senior Housing Properties Trust
TICKER: SNH CUSIP: 81721M109
MEETING DATE: 5/17/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR JEFFREY P. SOMERS ISSUER YES FOR FOR
PROPOSAL #2.1: ELECT DIRECTOR BARRY M. PORTNOY ISSUER YES FOR FOR
PROPOSAL #3: APPROVE RESTRICTED STOCK PLAN ISSUER YES FOR FOR
PROPOSAL #4: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #5: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Simon Property Group, Inc.
TICKER: SPG CUSIP: 828806109
MEETING DATE: 5/17/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR MELVYN E. BERGSTEIN ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR LARRY C. GLASSCOCK ISSUER YES FOR FOR
PROPOSAL #3: ELECT DIRECTOR KAREN N. HORN ISSUER YES FOR FOR
PROPOSAL #4: ELECT DIRECTOR ALLAN HUBBARD ISSUER YES FOR FOR
PROPOSAL #5: ELECT DIRECTOR REUBEN S. LEIBOWITZ ISSUER YES FOR FOR
PROPOSAL #6: ELECT DIRECTOR DANIEL C. SMITH ISSUER YES FOR FOR
PROPOSAL #7: ELECT DIRECTOR J. ALBERT SMITH, JR. ISSUER YES FOR FOR
PROPOSAL #8: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES AGAINST AGAINST
OFFICERS' COMPENSATION
PROPOSAL #9: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #10: AMEND OMNIBUS STOCK PLAN ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: SL Green Realty Corp.
TICKER: SLG CUSIP: 78440X101
MEETING DATE: 6/19/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR JOHN H. ALSCHULER, JR. ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR STEPHEN L. GREEN ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Sovran Self Storage, Inc.
TICKER: SSS CUSIP: 84610H108
MEETING DATE: 5/23/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR ROBERT J. ATTEA ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR KENNETH F. MYSZKA ISSUER �� YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR ANTHONY P. GAMMIE ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR CHARLES E. LANNON ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR JAMES R. BOLDT ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR STEPHEN R. RUSMISEL ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Strategic Hotels & Resorts, Inc.
TICKER: BEE CUSIP: 86272T106
MEETING DATE: 5/24/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR ROBERT P. BOWEN ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR KENNETH FISHER ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR RAYMOND L. GELLEIN, JR. ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR LAURENCE S. GELLER ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR JAMES A. JEFFS ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR RICHARD D. KINCAID ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR DAVID M.C. MICHELS ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR WILLIAM A. PREZANT ISSUER YES FOR FOR
PROPOSAL #1.9: ELECT DIRECTOR EUGENE F. REILLY ISSUER YES FOR FOR
PROPOSAL #1.10: ELECT DIRECTOR SHELI Z. ROSENBERG ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Summit Hotel Properties, Inc.
TICKER: INN CUSIP: 866082100
MEETING DATE: 6/5/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR KERRY W. BOEKELHEIDE ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR DANIEL P. HANSEN ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR BJORN R. L. HANSON ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR DAVID S. KAY ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR THOMAS W. STOREY ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR WAYNE W. WIELGUS ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #4: ADVISORY VOTE ON SAY ON PAY FREQUENCY ISSUER YES ONE YEAR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Sun Communities, Inc.
TICKER: SUI CUSIP: 866674104
MEETING DATE: 7/27/2011 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR GARY A. SHIFFMAN ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR RONALD L. PIASECKI ISSUER YES FOR FOR
PROPOSAL #3: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #4: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #5: ADVISORY VOTE ON SAY ON PAY FREQUENCY ISSUER YES ONE YEAR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Sunstone Hotel Investors, Inc.
TICKER: SHO CUSIP: 867892101
MEETING DATE: 5/1/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR ANDREW BATINOVICH ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR Z. JAMIE BEHAR ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR KENNETH E. CRUSE ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR THOMAS A. LEWIS, JR. ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR KEITH M. LOCKER ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR DOUGLAS M. PASQUALE ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR KEITH P. RUSSELL ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR LEWIS N. WOLFF ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Tanger Factory Outlet Centers, Inc.
TICKER: SKT CUSIP: 875465106
MEETING DATE: 5/18/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR JACK AFRICK ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR STEVEN B. TANGER ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR WILLIAM G. BENTON ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR BRIDGET RYAN BERMAN ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR DONALD G. DRAPKIN ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR THOMAS J. REDDIN ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR THOMAS E. ROBINSON ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR ALLAN L. SCHUMAN ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADOPT MAJORITY VOTING FOR UNCONTESTED ISSUER YES FOR FOR
ELECTION OF DIRECTORS
PROPOSAL #4: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Taubman Centers, Inc.
TICKER: TCO CUSIP: 876664103
MEETING DATE: 6/7/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR GRAHAM T. ALLISON ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR PETER KARMANOS, JR. ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR WILLIAM S. TAUBMAN ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
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ISSUER: The Macerich Company
TICKER: MAC CUSIP: 554382101
MEETING DATE: 5/30/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR DOUGLAS D. ABBEY ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR DANA K. ANDERSON ISSUER YES FOR FOR
PROPOSAL #3: ELECT DIRECTOR ARTHUR M. COPPOLA ISSUER YES FOR FOR
PROPOSAL #4: ELECT DIRECTOR EDWARD C. COPPOLA ISSUER YES FOR FOR
PROPOSAL #5: ELECT DIRECTOR FRED S. HUBBELL ISSUER YES FOR FOR
PROPOSAL #6: ELECT DIRECTOR DIANA M. LAING ISSUER YES FOR FOR
PROPOSAL #7: ELECT DIRECTOR STANLEY A. MOORE ISSUER YES FOR FOR
PROPOSAL #8: ELECT DIRECTOR MASON G. ROSS �� ISSUER YES FOR FOR
PROPOSAL #9: ELECT DIRECTOR WILLIAM P. SEXTON ISSUER YES FOR FOR
PROPOSAL #10: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #11: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
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ISSUER: UDR, Inc.
TICKER: UDR CUSIP: 902653104
MEETING DATE: 5/16/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR KATHERINE A. CATTANACH ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR ERIC J. FOSS ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR ROBERT P. FREEMAN ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR JON A. GROVE ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR JAMES D. KLINGBEIL ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR LYNNE B. SAGALYN ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR MARK J. SANDLER ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR THOMAS W. TOOMEY ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
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ISSUER: Universal Health Realty Income Trust
TICKER: UHT CUSIP: 91359E105
MEETING DATE: 6/7/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR JAMES E. DALTON, JR. ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR MARC D. MILLER ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
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ISSUER: Urstadt Biddle Properties Inc.
TICKER: UBA CUSIP: 917286106
MEETING DATE: 3/6/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR RICHARD GRELLIER ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR ROBERT R. DOUGLASS ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR GEORGE H.C. LAWRENCE �� ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR CHARLES J. URSTADT ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
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ISSUER: Urstadt Biddle Properties Inc.
TICKER: UBA CUSIP: 917286205
MEETING DATE: 3/6/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR RICHARD GRELLIER ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR ROBERT R. DOUGLASS ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR GEORGE H.C. LAWRENCE ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR CHARLES J. URSTADT ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
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ISSUER: Ventas, Inc.
TICKER: VTR CUSIP: 92276F100
MEETING DATE: 7/1/2011 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ISSUE SHARES IN CONNECTION WITH ISSUER YES FOR FOR
ACQUISITION
PROPOSAL #2: INCREASE AUTHORIZED COMMON STOCK ISSUER YES FOR FOR
PROPOSAL #3: ADJOURN MEETING ISSUER YES FOR FOR
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ISSUER: Ventas, Inc.
TICKER: VTR CUSIP: 92276F100
MEETING DATE: 5/17/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR DEBRA A. CAFARO ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR DOUGLAS CROCKER, II ISSUER YES FOR FOR
PROPOSAL #3: ELECT DIRECTOR RONALD G. GEARY ISSUER YES FOR FOR
PROPOSAL #4: ELECT DIRECTOR JAY M. GELLERT ISSUER YES FOR FOR
PROPOSAL #5: ELECT DIRECTOR RICHARD I. GILCHRIST ISSUER YES FOR FOR
PROPOSAL #6: ELECT DIRECTOR MATTHEW J. LUSTIG ISSUER YES FOR FOR
PROPOSAL #7: ELECT DIRECTOR DOUGLAS M. PASQUALE ISSUER YES FOR FOR
PROPOSAL #8: ELECT DIRECTOR ROBERT D. REED ISSUER YES FOR FOR
PROPOSAL #9: ELECT DIRECTOR SHELI Z. ROSENBERG ISSUER YES FOR FOR
PROPOSAL #10: ELECT DIRECTOR GLENN J. RUFRANO ISSUER YES FOR FOR
PROPOSAL #11: ELECT DIRECTOR JAMES D. SHELTON ISSUER YES FOR FOR
PROPOSAL #12: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #13: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #14: APPROVE OMNIBUS STOCK PLAN ISSUER YES FOR FOR
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ISSUER: Vornado Realty Trust
TICKER: VNO CUSIP: 929042109
MEETING DATE: 5/24/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR STEVEN ROTH ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR MICHAEL D. FASCITELLI ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR RUSSELL B. WIGHT, JR. ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #4: REQUIRE A MAJORITY VOTE FOR THE ELECTION SHAREHOLDER YES FOR AGAINST
OF DIRECTORS
PROPOSAL #5: DECLASSIFY THE BOARD OF DIRECTORS SHAREHOLDER YES FOR AGAINST
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ISSUER: Washington Real Estate Investment Trust
TICKER: WRE CUSIP: 939653101
MEETING DATE: 5/24/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR CHARLES T. NASON ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR THOMAS EDGIE RUSSELL, III ISSUER YES FOR FOR
PROPOSAL #3: ELECT DIRECTOR ANTHONY L. WINNS ISSUER YES FOR FOR
PROPOSAL #4: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #5: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
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ISSUER: Weingarten Realty Investors
TICKER: WRI CUSIP: 948741103
MEETING DATE: 5/8/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR ANDREW M. ALEXANDER ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR STANFORD ALEXANDER ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR JAMES W. CROWNOVER ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR ROBERT J. CRUIKSHANK ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR MELVIN A. DOW ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR STEPHEN A. LASHER ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR DOUGLAS W. SCHNITZER ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR C. PARK SHAPER ISSUER YES FOR FOR
PROPOSAL #1.9: ELECT DIRECTOR MARC J. SHAPIRO ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
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ISSUER: Winthrop Realty Trust
TICKER: FUR CUSIP: 976391300
MEETING DATE: 5/8/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR MICHAEL L. ASHNER ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR ARTHUR BLASBERG, JR. ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR HOWARD GOLDBERG ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR THOMAS F. MCWILLIAMS ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR SCOTT RUDOLPH ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR LEE SEIDLER ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR CAROLYN TIFFANY ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR STEVEN ZALKIND ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
SIGNATURES
Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
VANGUARD SPECIALIZED FUNDS
By: /s/F. William McNabb III
F. William McNabb III*
Chairman and Chief Executive Officer
Date: August 30, 2012
*By: /s/Heidi Stam
Heidi Stam, pursuant to a Power of Attorney filed on March 27, 2012,
see File Number 2-11444. Incorporated by Reference.
