High Yield Fund | 07/01/2011 to 06/30/2012 |
ICA File Number: 811-4119 |
Registrant Name: T. Rowe Price High Yield Fund, Inc. |
Reporting Period: 07/01/2011 - 06/30/2012 |
FORM N-PX |
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT |
INVESTMENT COMPANY |
Investment Company Act file number 811-4119 |
T. Rowe Price High Yield Fund, Inc. |
(Exact name of registrant as specified in charter) |
100 East Pratt Street Baltimore, Maryland 21202 |
(Address of principal executive offices) |
Edward C. Bernard |
100 East Pratt Street |
Baltimore, Maryland 21202 |
(Name and address of agent for service) |
Registrant’s telephone number, including area code: (410) 345-3577 |
Date of fiscal year end: 5/31 |
Date of reporting period: 07/01/2011 to 06/30/2012 |
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. |
(Registrant) T. Rowe Price High Yield Fund, Inc. |
By (Signature and Title) /s/ Edward C. Bernard |
Edward C. Bernard, Chairman of the Board - T. Rowe Price Funds |
Date August 27, 2012 |
High Yield Fund
ACCO BRANDS 10.625% NOTES DUE MARCH 15, 2015 Meeting Date: APR 16, 2012 Record Date: Meeting Type: CONSENT AND TENDER | ||||
Ticker: N/A Security ID: 00081TAD0 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1 | Holders will receive Total Consideration of USD 1,090.45 per USD 1,000 P/A which includes early tender payment of USD 10.00 per USD 1,000 P/A. Holders will also receive accrued and unpaid interest up to but not including the early settlement date. | Management | N/A | YES |
AMC ENTERTAINMENT 8.75% NOTES DUE JUNE 1, 2019 Meeting Date: JUN 14, 2012 Record Date: Meeting Type: CONSENT | ||||
Ticker: N/A Security ID: 00165AAB4 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1 | Holders will receive the Consent Payment of 2.50 USD per 1,000.00 USD P/A of Notes held if the requisite consent is met. | Management | N/A | YES |
AMERICAN TOWER CORPORATION Meeting Date: NOV 29, 2011 Record Date: OCT 03, 2011 Meeting Type: SPECIAL | ||||
Ticker: AMT Security ID: 029912201 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1 | Approve Reorganization Plan | Management | For | For |
2 | Adjourn Meeting | Management | For | For |
AMERICAN TOWER CORPORATION Meeting Date: JUN 19, 2012 Record Date: APR 20, 2012 Meeting Type: ANNUAL | ||||
Ticker: AMT Security ID: 03027X100 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1 | Elect Director Raymond P. Dolan | Management | For | For |
2 | Elect Director Ronald M. Dykes | Management | For | For |
3 | Elect Director Carolyn F. Katz | Management | For | For |
4 | Elect Director Gustavo Lara Cantu | Management | For | For |
5 | Elect Director Joann A. Reed | Management | For | For |
6 | Elect Director Pamela D.A. Reeve | Management | For | For |
7 | Elect Director David E. Sharbutt | Management | For | For |
8 | Elect Director James D. Taiclet, Jr. | Management | For | For |
9 | Elect Director Samme L. Thompson | Management | For | For |
10 | Ratify Auditors | Management | For | For |
11 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
12 | Stock Retention/Holding Period | Shareholder | Against | Against |
AMERISTAR CASINOS, INC. Meeting Date: JUN 13, 2012 Record Date: MAY 01, 2012 Meeting Type: ANNUAL | ||||
Ticker: ASCA Security ID: 03070Q101 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1.1 | Elect Director Thomas M. Steinbauer | Management | For | For |
1.2 | Elect Director Leslie Nathanson Juris | Management | For | For |
2 | Ratify Auditors | Management | For | For |
3 | Amend Executive Incentive Bonus Plan | Management | For | For |
4 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
ANADARKO PETROLEUM CORPORATION Meeting Date: MAY 15, 2012 Record Date: MAR 20, 2012 Meeting Type: ANNUAL | ||||
Ticker: APC Security ID: 032511107 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1 | Elect Director Kevin P. Chilton | Management | For | For |
2 | Elect Director Luke R. Corbett | Management | For | For |
3 | Elect Director H. Paulett Eberhart | Management | For | For |
4 | Elect Director Peter J. Fluor | Management | For | For |
5 | Elect Director Richard L. George | Management | For | For |
6 | Elect Director Preston M. Geren, III | Management | For | For |
7 | Elect Director Charles W. Goodyear | Management | For | For |
8 | Elect Director John R. Gordon | Management | For | For |
9 | Elect Director James T. Hackett | Management | For | For |
10 | Elect Director Eric D. Mullins | Management | For | For |
11 | Elect Director Paula Rosput Reynolds | Management | For | For |
12 | Elect Director R. A. Walker | Management | For | For |
13 | Ratify Auditors | Management | For | For |
14 | Approve Omnibus Stock Plan | Management | For | For |
15 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
16 | Require Independent Board Chairman | Shareholder | Against | Against |
17 | Amend EEO Policy to Prohibit Discrimination based on Gender Identity | Shareholder | Against | Against |
18 | Pro-rata Vesting of Equity Awards | Shareholder | Against | For |
19 | Report on Political Contributions | Shareholder | Against | Against |
ANVIL HOLDINGS INC, COMMON STOCK Meeting Date: MAY 09, 2012 Record Date: Meeting Type: CONSENT | ||||
Ticker: N/A Security ID: 037344801 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1 | Holders consent to both the Merger and the Payments. | Management | N/A | YES |
AOL INC. Meeting Date: JUN 14, 2012 Record Date: APR 18, 2012 Meeting Type: PROXY CONTEST | ||||
Ticker: AOL Security ID: 00184X105 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
Management Proxy (White Card) | ||||
1.1 | Elect Director Tim Armstrong | Management | For | Did Not Vote |
1.2 | Elect Director Richard Dalzell | Management | For | Did Not Vote |
1.3 | Elect Director Karen Dykstra | Management | For | Did Not Vote |
1.4 | Elect Director Alberto Ibarguen | Management | For | Did Not Vote |
1.5 | Elect Director Susan Lyne | Management | For | Did Not Vote |
1.6 | Elect Director Patricia Mitchell | Management | For | Did Not Vote |
1.7 | Elect Director Fredric Reynolds | Management | For | Did Not Vote |
1.8 | Elect Director James Stengel | Management | For | Did Not Vote |
2 | Ratify Auditors | Management | For | Did Not Vote |
3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | Did Not Vote |
4 | Amend Omnibus Stock Plan | Management | For | Did Not Vote |
5 | Approve Nonqualified Employee Stock Purchase Plan | Management | For | Did Not Vote |
Proposal No | Proposal | Proposed By | Dissident Recommendation | Vote Cast |
Dissident Proxy (Gold Card) | ||||
1.1 | Elect Director Dennis A. Miller | Shareholder | For | For |
1.2 | Elect Director Jeffrey C. Smith | Shareholder | For | For |
1.3 | Elect Director James A. Warner | Shareholder | For | Withhold |
1.4 | Management Nominee - Tim Armstrong | Shareholder | For | For |
1.5 | Management Nominee - Richard Dalzell | Shareholder | For | For |
1.6 | Management Nominee - Karen Dykstra | Shareholder | For | For |
1.7 | Management Nominee - Susan Lyne | Shareholder | For | For |
1.8 | Management Nominee - Fredric Reynolds | Shareholder | For | For |
2 | Ratify Auditors | Management | None | For |
3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | None | For |
4 | Amend Omnibus Stock Plan | Management | None | For |
5 | Approve Nonqualified Employee Stock Purchase Plan | Management | None | Against |
ASHTEAD GROUP PLC Meeting Date: SEP 06, 2011 Record Date: SEP 02, 2011 Meeting Type: ANNUAL | ||||
Ticker: AHT Security ID: G05320109 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1 | Accept Financial Statements and Statutory Reports | Management | For | For |
2 | Approve Remuneration Report | Management | For | For |
3 | Approve Final Dividend | Management | For | For |
4 | Re-elect Chris Cole as Director | Management | For | For |
5 | Re-elect Geoff Drabble as Director | Management | For | For |
6 | Re-elect Ian Robson as Director | Management | For | For |
7 | Re-elect Sat Dhaiwal as Director | Management | For | For |
8 | Elect Brendan Horgan as Director | Management | For | For |
9 | Re-elect Hugh Etheridge as Director | Management | For | For |
10 | Re-elect Michael Burrow as Director | Management | For | For |
11 | Re-elect Bruce Edwards as Director | Management | For | For |
12 | Elect Ian Sutcliffe as Director | Management | For | For |
13 | Reappoint Deloitte LLP as Auditors | Management | For | For |
14 | Authorise Board to Fix Remuneration of Auditors | Management | For | For |
15 | Authorise Issue of Equity with Pre-emptive Rights | Management | For | For |
16 | Authorise Issue of Equity without Pre-emptive Rights | Management | For | For |
17 | Authorise Market Purchase | Management | For | For |
18 | Authorise the Company to Call EGM with Two Weeks' Notice | Management | For | For |
CCM MERGER 8.0% NOTES DUE AUGUST 1, 2013 Meeting Date: MAR 14, 2012 Record Date: Meeting Type: CONSENT WITH REPURCHASE | ||||
Ticker: N/A Security ID: 14985VAA9 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1 | Holders will receive the Total Consideration of USD 1,000 P/A which includes the early tender payment of USD 30.00 per USD 1,000 P/A. Holders will also receive accrued and unpaid interest up to but not including the early settlement date. | Management | N/A | YES |
CHARTER COMMUNICATIONS, INC. Meeting Date: MAY 01, 2012 Record Date: MAR 02, 2012 Meeting Type: ANNUAL | ||||
Ticker: CHTR Security ID: 16117M305 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1.1 | Elect Director W. Lance Conn | Management | For | Withhold |
1.2 | Elect Director Darren Glatt | Management | For | For |
1.3 | Elect Director Craig A. Jacobson | Management | For | For |
1.4 | Elect Director Bruce A. Karsh | Management | For | For |
1.5 | Elect Director Edgar Lee | Management | For | For |
1.6 | Elect Director Jeffrey A. Marcus | Management | For | For |
1.7 | Elect Director John D. Markley, Jr. | Management | For | For |
1.8 | Elect Director David C. Merritt | Management | For | For |
1.9 | Elect Director Stan Parker | Management | For | For |
1.10 | Elect Director Thomas M. Rutledge | Management | For | For |
1.11 | Elect Director Eric L. Zinterhofer | Management | For | For |
2 | Ratify Auditors | Management | For | For |
CONSOL ENERGY 8% NOTES DUE APRIL 1, 2017 Meeting Date: AUG 16, 2011 Record Date: Meeting Type: CONSENT | ||||
Ticker: N/A Security ID: 20854PAD1 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1 | Consol Energy Inc., a Delaware corporation (together with its subsidiaries, CONSOL, the Company) is soliciting consents (the Consents) to proposed amendments (the Proposed Amendment) to the Indenture to which the Notes were issued. | Management | N/A | YES |
CONSOL ENERGY 8.25% NOTES DUE APRIL 17, 2011 Meeting Date: AUG 19, 2011 Record Date: Meeting Type: CONSENT | ||||
Ticker: N/A Security ID: 20854PAF6 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1 | Consent to the amendments to the indenture. | Management | N/A | YES |
CROWN CASTLE INTERNATIONAL CORP. Meeting Date: MAY 24, 2012 Record Date: MAR 26, 2012 Meeting Type: ANNUAL | ||||
Ticker: CCI Security ID: 228227104 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1.1 | Elect Director Cindy Christy | Management | For | For |
1.2 | Elect Director Ari Q. Fitzgerald | Management | For | For |
1.3 | Elect Director Robert E. Garrison, II | Management | For | For |
1.4 | Elect Director John P. Kelly | Management | For | For |
2 | Ratify Auditors | Management | For | For |
3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
ENERGY TRANSFER EQUITY 7.5% NOTES DUE OCTOBER 15, 2020 Meeting Date: FEB 09, 2012 Record Date: Meeting Type: CONSENT | ||||
Ticker: N/A Security ID: 29273VAC4 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1 | Holders will receive the Consent Payment of 7.50 USD per 1,000.00 USD P/A of Notes held. | Management | N/A | YES |
INERGY LP 8.75% NOTES DUE MARCH 1, 2015 Meeting Date: AUG 08, 2011 Record Date: Meeting Type: CONSENT AND TENDER | ||||
Ticker: N/A Security ID: 45661TAH4 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1 | Holders will receive the Total Consideration of USD 1,140 per USD 1,000 P/A which includes the early tender payment of USD 30.00 per USD 1,000 P/A. Holders will also receive accrued and unpaid interest up to but not including the early settlement date. | Management | N/A | YES |
INERGY LP 8.75% NOTES DUE MARCH 1, 2015 Meeting Date: DEC 08, 2011 Record Date: Meeting Type: CONSENT AND TENDER | ||||
Ticker: N/A Security ID: 45661TAH4 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1 | Holders will receive the Total Consideration of USD 1,000 P/A which includes the early tender payment of USD 30.00 per USD 1,000 P/A. Holders will also receive accrued and unpaid interest up to but not including the early settlement date. | Management | N/A | YES |
LAKES ENTERTAINMENT, INC. Meeting Date: JUN 15, 2012 Record Date: APR 23, 2012 Meeting Type: ANNUAL | ||||
Ticker: LACO Security ID: 51206P109 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1.1 | Elect Director Lyle Berman | Management | For | For |
1.2 | Elect Director Timothy J. Cope | Management | For | For |
1.3 | Elect Director Neil I. Sell | Management | For | For |
1.4 | Elect Director Ray M. Moberg | Management | For | For |
1.5 | Elect Director Larry C. Barenbaum | Management | For | For |
1.6 | Elect Director Richard D. White | Management | For | For |
2 | Amend Articles of Incorporation Relating to Gaming Authority Requirements and the Right to Redeem Shares of Disqualified Holders | Management | For | Against |
3 | Ratify Auditors | Management | For | For |
4 | Other Business | Management | For | Against |
MGM RESORTS INTERNATIONAL, 10.375% NOTES DUE MAY 15,2014 Meeting Date: APR 11, 2012 Record Date: Meeting Type: CONSENT | ||||
Ticker: N/A Security ID: 552953BH3 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1 | Holders will receive the Consent Payment of 1.25 USD per 1,000.00 USD P/A of Notes held. | Management | N/A | YES |
RHODIA SA 144A 6.875% DUE SEPTEMBER 15, 2020 Meeting Date: DEC 13, 2011 Record Date: Meeting Type: CONSENT | ||||
Ticker: N/A Security ID: 762397AS6 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1 | Take no action | Management | N/A | YES |
SATMEX ESCROW 9.5% NOTES DUE MAY 15, 2017 Meeting Date: MAR 23, 2012 Record Date: Meeting Type: CONSENT | ||||
Ticker: N/A Security ID: 803895AJ0 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1 | Consent to the proposed amendments and receive 10 USD per 1,000 USD in principal amount. | Management | N/A | NO |
SOFTBRANDS INC ATLANTIS 144 11.5% DUE JULY 15, 2018 Meeting Date: MAR 13, 2012 Record Date: Meeting Type: CONSENT | ||||
Ticker: N/A Security ID: 52078PAC6 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1 | Holders will receive the Consent Payment of 3.75 USD per 1,000.00 USD P/A of Notes held. | Management | N/A | YES |
SPANISH BROADCASTING SYSTEM, INC. Meeting Date: JUN 07, 2012 Record Date: APR 09, 2012 Meeting Type: ANNUAL | ||||
Ticker: SBSA Security ID: 846425841 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1.1 | Elect Director Raul Alarcon | Management | For | For |
1.2 | Elect Director Joseph A. Garcia | Management | For | For |
1.3 | Elect Director Manuel E. Machado | Management | For | For |
1.4 | Elect Director Jason L. Shrinsky | Management | For | For |
1.5 | Elect Director Jose A. Villamil | Management | For | For |
1.6 | Elect Director Mitchell A. Yelen | Management | For | For |
TELESAT CANADA 11.0% NOTES DUE NOVEMBER 1, 2015 Meeting Date: APR 30, 2012 Record Date: Meeting Type: CONSENT AND TENDER | ||||
Ticker: N/A Security ID: 87952VAE6 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1 | Take no action | Management | N/A | YES |
THE AES CORPORATION Meeting Date: APR 19, 2012 Record Date: FEB 24, 2012 Meeting Type: ANNUAL | ||||
Ticker: AES Security ID: 00130H105 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1.1 | Elect Director Andres Gluski | Management | For | For |
1.2 | Elect Director Zhang Guo Bao | Management | For | For |
1.3 | Elect Director Kristina M. Johnson | Management | For | For |
1.4 | Elect Director Tarun Khanna | Management | For | For |
1.5 | Elect Director John A. Koskinen | Management | For | For |
1.6 | Elect Director Philip Lader | Management | For | For |
1.7 | Elect Director Sandra O. Moose | Management | For | For |
1.8 | Elect Director John B. Morse, Jr. | Management | For | For |
1.9 | Elect Director Philip A. Odeen | Management | For | For |
1.10 | Elect Director Charles O. Rossotti | Management | For | For |
1.11 | Elect Director Sven Sandstrom | Management | For | For |
2 | Ratify Auditors | Management | For | For |
3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
TIME WARNER CABLE INC. Meeting Date: MAY 17, 2012 Record Date: MAR 22, 2012 Meeting Type: ANNUAL | ||||
Ticker: TWC Security ID: 88732J207 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1 | Elect Director Carole Black | Management | For | For |
2 | Elect Director Glenn A. Britt | Management | For | For |
3 | Elect Director Thomas H. Castro | Management | For | For |
4 | Elect Director David C. Chang | Management | For | For |
5 | Elect Director James E. Copeland, Jr. | Management | For | For |
6 | Elect Director Peter R. Haje | Management | For | For |
7 | Elect Director Donna A. James | Management | For | For |
8 | Elect Director Don Logan | Management | For | For |
9 | Elect Director N.J. Nicholas, Jr. | Management | For | For |
10 | Elect Director Wayne H. Pace | Management | For | For |
11 | Elect Director Edward D. Shirley | Management | For | For |
12 | Elect Director John E. Sununu | Management | For | For |
13 | Ratify Auditors | Management | For | For |
14 | Approve Executive Incentive Bonus Plan | Management | For | For |
15 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
16 | Provide Right to Call Special Meeting | Shareholder | Against | Against |
TIME WARNER INC. Meeting Date: MAY 15, 2012 Record Date: MAR 22, 2012 Meeting Type: ANNUAL | ||||
Ticker: TWX Security ID: 887317303 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1 | Elect Director James L. Barksdale | Management | For | For |
2 | Elect Director William P. Barr | Management | For | For |
3 | Elect Director Jeffrey L. Bewkes | Management | For | For |
4 | Elect Director Stephen F. Bollenbach | Management | For | For |
5 | Elect Director Robert C. Clark | Management | For | For |
6 | Elect Director Mathias Dopfner | Management | For | For |
7 | Elect Director Jessica P. Einhorn | Management | For | For |
8 | Elect Director Fred Hassan | Management | For | For |
9 | Elect Director Kenneth J. Novack | Management | For | For |
10 | Elect Director Paul D. Wachter | Management | For | For |
11 | Elect Director Deborah C. Wright | Management | For | For |
12 | Ratify Auditors | Management | For | For |
13 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
14 | Provide Right to Act by Written Consent | Shareholder | Against | Against |
UNIVERSAL CITY DEVELOPMENT 10.875% NOTES DUE NOVEMBER 15, 2016 Meeting Date: SEP 13, 2011 Record Date: Meeting Type: CONSENT | ||||
Ticker: N/A Security ID: 913405AG1 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1 | Consent to the amendment of the terms of the Notes. | Management | N/A | YES |
UNIVERSAL CITY DEVELOPMENT 8.875% NOTES DUE NOVEMBER 15, 2015 Meeting Date: SEP 15, 2011 Record Date: Meeting Type: CONSENT | ||||
Ticker: N/A Security ID: 913405AE6 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1 | Consent to the amendment of the terms of the Notes. | Management | N/A | YES |
USG CORP. 9.75% 144A NOTES DUE AUGUST 1, 2014 Meeting Date: MAR 16, 2012 Record Date: Meeting Type: CONSENT AND TENDER | ||||
Ticker: N/A Security ID: 903293AV0 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1 | Take no action | Management | N/A | YES |
END NPX REPORT