UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF
REGISTERED MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number: 811-04254
Legg Mason Partners Income Trust
(Exact name of registrant as specified in charter)
55 WATER STREET, NEW YORK, NEW YORK 10041
(Address of principal executive offices) (Zip code)
Robert I. Frenkel, Esq.
100 First Stamford Place, 7th Floor
Stamford, Connecticut 06902
(Name and address of agent for service)
Registrant’s telephone number, including area code: 1-877-721-1926
Date of fiscal year end: Multiple fiscal year ends
Date of reporting period: July 1, 2011–June 30, 2012
Item 1. Proxy Voting Record
A report may indicate that the Adviser or Subadviser, as the case may be, “did not vote” on a particular proposal. No vote was entered for a proposal where (a) certain restrictions or pre-conditions on voting may, if followed, have adversely affected investment management of the fund’s portfolio holdings, such as “share blocking rules” that prohibit sales during the shareholder solicitation and voting process, (b) potential material conflicts of interest arising from proxy proposals were identified by the Proxy Voting Committee, (c) administrative or operational constraints impeded the ability to cast a timely vote, such as late receipt of proxy voting information, and/or (d) systems or processing errors occurred (including errors by third party vendors).
Effective November 1, 2011, Legg Mason Western Asset Government Securities Fund was renamed Legg Mason Western Asset Mortgage Backed Securities Fund.
Effective June 30, 2012, Western Asset Emerging Markets Debt Portfolio was renamed Western Asset Emerging Markets Debt Fund.
Effective August 1, 2012, the funds listed below were renamed as shown in the table:
| | |
Former Name | | Current Name |
Legg Mason Western Asset High Income Fund | | Western Asset High Income Fund |
Legg Mason Western Asset Strategic Income Fund | | Western Asset Global Strategic Income Fund |
Legg Mason Western Asset Corporate Bond Fund | | Western Asset Corporate Bond Fund |
Legg Mason Western Asset Global High Yield Bond Fund | | Western Asset Global High Yield Bond Fund |
Legg Mason Western Asset Mortgage Backed Securities Fund | | Western Asset Mortgage Backed Securities Fund |
Legg Mason Western Asset California Municipals Fund | | Western Asset California Municipals Fund |
Legg Mason Western Asset Intermediate Maturity California Municipals Fund | | Western Asset Intermediate Maturity California Municipals Fund |
Legg Mason Western Asset Intermediate Maturity New York Municipals Fund | | Western Asset Intermediate Maturity New York Municipals Fund |
Legg Mason Western Asset Intermediate-Term Municipals Fund | | Western Asset Intermediate-Term Municipals Fund |
Legg Mason Western Asset Managed Municipals Fund | | Western Asset Managed Municipals Fund |
Legg Mason Western Asset Massachusetts Municipals Fund | | Western Asset Massachusetts Municipals Fund |
Legg Mason Western Asset Municipal High Income Fund | | Western Asset Municipal High Income Fund |
Legg Mason Western Asset New Jersey Municipals Fund | | Western Asset New Jersey Municipals Fund |
Legg Mason Western Asset New York Municipals Fund | | Western Asset New York Municipals Fund |
Legg Mason Western Asset Oregon Municipals Fund | | Western Asset Oregon Municipals Fund |
Legg Mason Western Asset Pennsylvania Municipals Fund | | Western Asset Pennsylvania Municipals Fund |
Legg Mason Western Asset Adjustable Rate Income Fund | | Western Asset Adjustable Rate Income Fund |
Legg Mason Western Asset Short Duration Municipal Income Fund | | Western Asset Short Duration Municipal Income Fund |
Legg Mason Western Asset Short-Term Bond Fund | | Western Asset Short Term Bond Fund |
******************************* FORM N-Px REPORT *******************************
ICA File Number: 811-04254
Reporting Period: 07/01/2011 - 06/30/2012
Legg Mason Partners Income Trust
============= Legg Mason Western Asset Adjustable Rate Income Fund =============
DEEP OCEAN GROUP
Ticker: TRMA Security ID: 51EQOCEAN
Meeting Date: JUL 15, 2011 Meeting Type: SPECIAL
Record Date: JUL 13, 2011
# Proposal Mgt Rec Vote Cast Sponsor
N/A Proxy to Assign Power of Attorney to FOR FOR Management
New Board of Directors
--------------------------------------------------------------------------------
DEEP OCEAN GROUP
Ticker: TRMA Security ID: 51EQOCEAN
Meeting Date: AUG 31, 2011 Meeting Type: SPECIAL
Record Date: AUG 30, 2011
# Proposal Mgt Rec Vote Cast Sponsor
N/A Proxies for the Power of Attorney and FOR FOR Management
approval of board compensation
============= Legg Mason Western Asset California Municipals Fund ==============
There is no proxy voting activity for the fund, as the fund did not hold any
votable positions during the reporting period.
=================== Legg Mason Western Asset Core Bond Fund ====================
ROYAL BANK OF SCOTLAND GROUP PLC
Ticker: RBS Security ID: 780097AU5
Meeting Date: MAY 30, 2012 Meeting Type: ANNUAL
Record Date: MAY 17, 2012
# Proposal Mgt Rec Vote Cast Sponsor
Item To receive and approve the report and FOR FOR Management
1 accounts.
Item To approve the remuneration report. FOR FOR Management
2
Item To elect Alison Davis as a director FOR FOR Management
3
Item To elect Tony Di Iorio as a director FOR FOR Management
4
Item To elect Baroness Noakes as a director FOR FOR Management
5
Item To re-elect Sandy Crombie as a director FOR FOR Management
6
Item To re-elect Philip Hampton as a FOR FOR Management
7 director
Item To re-elect Stephen Hester as a FOR FOR Management
8 director
Item To re-elect Penny Hughes as a director FOR FOR Management
9
Item To re-elect Joe MacHale as a director FOR FOR Management
10
Item To re-elect Brendan Nelson as a FOR FOR Management
11 director
Item To re-elect Art Ryan as a director FOR FOR Management
12
Item To re-elect Bruce Van Saun as a FOR FOR Management
13 director
Item To re-elect Philip Scott as a director FOR FOR Management
14
Item To re-appoint Deloitte LLP as auditors. FOR FOR Management
15
Item To authorize the Group Audit Committee FOR FOR Management
16 to fix the remuneration of the
auditors.
Item To renew the directors' authority to FOR FOR Management
17 allot securities.
Item To renew the directors' authority to FOR FOR Management
18 allot shares on a non pre-emptive
basis.
Item The sub-divide and consolidate the FOR FOR Management
19 ordinary share capital.
Item To amend the articles of association. FOR FOR Management
20
Item To renew authority to grant rights to FOR FOR Management
21 converts B shares.
Item To renew authority to grant rights to FOR FOR Management
22 converts B shares on a non-pre-emptive
basis.
Item To amend the rules of the Sharesave FOR FOR Management
23 Plans.
Item To permit the holding of General FOR FOR Management
24 Meetings at 14 days' notice.
Item To authorize political donations and FOR FOR Management
25 expenditure.
================= Legg Mason Western Asset Core Plus Bond Fund =================
ROYAL BANK OF SCOTLAND GROUP PLC
Ticker: RBS Security ID: 780097AU5
Meeting Date: MAY 30, 2012 Meeting Type: ANNUAL
Record Date: MAY 17, 2012
# Proposal Mgt Rec Vote Cast Sponsor
Item To receive and approve the report and FOR FOR Management
1 accounts.
Item To approve the remuneration report. FOR FOR Management
2
Item To elect Alison Davis as a director FOR FOR Management
3
Item To elect Tony Di Iorio as a director FOR FOR Management
4
Item To elect Baroness Noakes as a director FOR FOR Management
5
Item To re-elect Sandy Crombie as a director FOR FOR Management
6
Item To re-elect Philip Hampton as a FOR FOR Management
7 director
Item To re-elect Stephen Hester as a FOR FOR Management
8 director
Item To re-elect Penny Hughes as a director FOR FOR Management
9
Item To re-elect Joe MacHale as a director FOR FOR Management
10
Item To re-elect Brendan Nelson as a FOR FOR Management
11 director
Item To re-elect Art Ryan as a director FOR FOR Management
12
Item To re-elect Bruce Van Saun as a FOR FOR Management
13 director
Item To re-elect Philip Scott as a director FOR FOR Management
14
Item To re-appoint Deloitte LLP as auditors. FOR FOR Management
15
Item To authorize the Group Audit Committee FOR FOR Management
16 to fix the remuneration of the
auditors.
Item To renew the directors' authority to FOR FOR Management
17 allot securities.
Item To renew the directors' authority to FOR FOR Management
18 allot shares on a non pre-emptive
basis.
Item The sub-divide and consolidate the FOR FOR Management
19 ordinary share capital.
Item To amend the articles of association. FOR FOR Management
20
Item To renew authority to grant rights to FOR FOR Management
21 converts B shares.
Item To renew authority to grant rights to FOR FOR Management
22 converts B shares on a non-pre-emptive
basis.
Item To amend the rules of the Sharesave FOR FOR Management
23 Plans.
Item To permit the holding of General FOR FOR Management
24 Meetings at 14 days' notice.
Item To authorize political donations and FOR FOR Management
25 expenditure.
================= Legg Mason Western Asset Corporate Bond Fund =================
There is no proxy voting activity for the fund, as the fund did not hold any
votable positions during the reporting period.
============= Legg Mason Western Asset Global High Yield Bond Fund =============
CHARTER COMMUNICATIONS INC
Ticker: CHTR Security ID: 16117M305
Meeting Date: MAY 01, 2012 Meeting Type: ANNUAL
Record Date: APR 18, 2011
# Proposal Mgt Rec Vote Cast Sponsor
Item Elect directors. FOR FOR Management
1
Item Proposal to ratify the appointment of FOR FOR Management
2 KPMG LLP as the independt registered
public accounting firm for year 2012.
--------------------------------------------------------------------------------
CITADEL BROADCASTING CORPORATION
Ticker: CDELB Security ID: 17285T205
Meeting Date: SEP 15, 2011 Meeting Type: SPECIAL
Record Date: AUG 31, 2011
# Proposal Mgt Rec Vote Cast Sponsor
Item Proposal to adopt the agreement and FOR FOR Management
1 plan of merger.
Item Proposal to approve the adjournment of FOR FOR Management
2 the special meeting.
Item Elect Director. FOR FOR Management
3.1
Item Proposal to approve on a non-binding, FOR Against Management
4 advisory basis.
Item Proposal to ratify the appointment of FOR FOR Management
5 Deloitte & Touche LLP to serve as
independent registered public
accountants for year 2011.
--------------------------------------------------------------------------------
DEEP OCEAN GROUP
Ticker: TRMA Security ID: 51EQOCEAN
Meeting Date: JUL 15, 2011 Meeting Type: SPECIAL
Record Date: JUL 13, 2011
# Proposal Mgt Rec Vote Cast Sponsor
N/A Proxy to Assign Power of Attorney to FOR FOR Management
New Board of Directors
--------------------------------------------------------------------------------
DEEP OCEAN GROUP
Ticker: TRMA Security ID: 51EQOCEAN
Meeting Date: AUG 31, 2011 Meeting Type: SPECIAL
Record Date: AUG 30, 2011
# Proposal Mgt Rec Vote Cast Sponsor
N/A Proxies for the Power of Attorney and FOR FOR Management
approval of board compensation
--------------------------------------------------------------------------------
HORIZON LINES INC
Ticker: HRZ Security ID: 44044K101
Meeting Date: DEC 02, 2011 Meeting Type: SPECIAL
Record Date: DEC 01, 2011
# Proposal Mgt Rec Vote Cast Sponsor
Item Proposal to amend the company's FOR FOR Management
1 amended and restated Certificate of
Incorporation to effect a 1-for-25
reverse stock split of the common
stock.
Item Proposal to increase the number of FOR FOR Management
2 authorized shares of common stock from
100,000,000 to 2,500,000,000.
Item Proposal to authorize the issurance of FOR FOR Management
3 warrants in lieu of cash or redemtpion
notes in consideratioin for "Excess
Shares" to faciliate compliance with
the Jones Act.
Item Proposal to transact any other FOR FOR Management
4 business as may properly come before
the Special Meeting or any adjournment
or postponement of the Special Meeting.
--------------------------------------------------------------------------------
HORIZON LINES INC
Ticker: HRZL Security ID: 44044K309
Meeting Date: JUN 07, 2012 Meeting Type: ANNUAL
Record Date: MAY 14, 2012
# Proposal Mgt Rec Vote Cast Sponsor
Item Elect directors. FOR FOR Management
1
Item Proposal to approve the ratification FOR FOR Management
2 of Ernst & Young LLP as the
independent registered public
accounting firm for year 2012.
Item Proposal to an advisory resolution to FOR FOR Management
3 approve executive compensation.
========== Legg Mason Western Asset Global Inflation Management Fund ===========
There is no proxy voting activity for the fund, as the fund did not hold any
votable positions during the reporting period.
================== Legg Mason Western Asset High Income Fund ===================
CITADEL BROADCASTING CORPORATION
Ticker: CDELB Security ID: 17285T205
Meeting Date: SEP 15, 2011 Meeting Type: SPECIAL
Record Date: AUG 31, 2011
# Proposal Mgt Rec Vote Cast Sponsor
Item Proposal to adopt the agreement and FOR FOR Management
1 plan of merger.
Item Proposal to approve the adjournment of FOR FOR Management
2 the special meeting.
Item Elect Director. FOR FOR Management
3.1
Item Proposal to approve on a non-binding, FOR Against Management
4 advisory basis.
Item Proposal to ratify the appointment of FOR FOR Management
5 Deloitte & Touche LLP to serve as
independent registered public
accountants for year 2011.
--------------------------------------------------------------------------------
DEEP OCEAN GROUP
Ticker: TRMA Security ID: 51EQOCEAN
Meeting Date: JUL 15, 2011 Meeting Type: SPECIAL
Record Date: JUL 13, 2011
# Proposal Mgt Rec Vote Cast Sponsor
N/A Proxy to Assign Power of Attorney to FOR FOR Management
New Board of Directors
--------------------------------------------------------------------------------
DEEP OCEAN GROUP
Ticker: TRMA Security ID: 51EQOCEAN
Meeting Date: AUG 31, 2011 Meeting Type: SPECIAL
Record Date: AUG 30, 2011
# Proposal Mgt Rec Vote Cast Sponsor
N/A Proxies for the Power of Attorney and FOR FOR Management
approval of board compensation
--------------------------------------------------------------------------------
GEORGIA GULF CORP
Ticker: GGC Security ID: US3732003021
Meeting Date: MAY 22, 2012 Meeting Type: ANNUAL
Record Date: MAY 09, 2012
# Proposal Mgt Rec Vote Cast Sponsor
Item Elect directors. FOR FOR Management
1.1-1
Item Proposal to the compensation of the FOR FOR Management
2 company's named executive officers.
Item Proposal to ratify the appointment of FOR FOR Management
3 Ernest & Young LLP to serve as the
independent registered public
accounting firm for year 2012.
--------------------------------------------------------------------------------
HORIZON LINES INC
Ticker: HRZ Security ID: 44044K101
Meeting Date: DEC 02, 2011 Meeting Type: SPECIAL
Record Date: DEC 01, 2011
# Proposal Mgt Rec Vote Cast Sponsor
Item Proposal to amend the company's FOR FOR Management
1 amended and restated Certificate of
Incorporation to effect a 1-for-25
reverse stock split of the common
stock.
Item Proposal to increase the number of FOR FOR Management
2 authorized shares of common stock from
100,000,000 to 2,500,000,000.
Item Proposal to authorize the issurance of FOR FOR Management
3 warrants in lieu of cash or redemtpion
notes in consideratioin for "Excess
Shares" to faciliate compliance with
the Jones Act.
Item Proposal to transact any other FOR FOR Management
4 business as may properly come before
the Special Meeting or any adjournment
or postponement of the Special Meeting.
========== Legg Mason Western Asset Intermediate Maturity California ==========
========== Municipals Fund ==========
There is no proxy voting activity for the fund, as the fund did not hold any
votable positions during the reporting period.
=========== Legg Mason Western Asset Intermediate Maturity New York ===========
=========== Municipals Fund ===========
There is no proxy voting activity for the fund, as the fund did not hold any
votable positions during the reporting period.
========== Legg Mason Western Asset Intermediate-Term Municipals Fund ==========
GEORGIA GULF CORP
Ticker: GGC Security ID: US3732003021
Meeting Date: MAY 22, 2012 Meeting Type: ANNUAL
Record Date: MAY 09, 2012
# Proposal Mgt Rec Vote Cast Sponsor
Item Elect directors. FOR FOR Management
1.1-1
Item Proposal to the compensation of the FOR FOR Management
2 company's named executive officers.
Item Proposal to ratify the appointment of FOR FOR Management
3 Ernest & Young LLP to serve as the
independent registered public
accounting firm for year 2012.
--------------------------------------------------------------------------------
TENNESSEE ENERGY ACQUISITION CORP
Ticker: TNSUTL Security ID: 880443BL9
Meeting Date: JAN 06, 2012 Meeting Type: CONSENT
Record Date: DEC 29, 2011
# Proposal Mgt Rec Vote Cast Sponsor
N/A To Consent Proposed Amendments N/A N/A Management
(Indenture and Gas Purchase Agreement )
--------------------------------------------------------------------------------
TENNESSEE ENERGY ACQUISITION CORP
Ticker: TNSUTL Security ID: 880443BR6
Meeting Date: JAN 06, 2012 Meeting Type: CONSENT
Record Date: DEC 29, 2011
# Proposal Mgt Rec Vote Cast Sponsor
N/A To Consent Proposed Amendments N/A N/A Management
(Indenture and Gas Purchase Agreement )
--------------------------------------------------------------------------------
TENNESSEE ENERGY ACQUISITION CORP
Ticker: TNSUTL Security ID: 880443BQ8
Meeting Date: JAN 06, 2012 Meeting Type: CONSENT
Record Date: DEC 29, 2011
# Proposal Mgt Rec Vote Cast Sponsor
N/A To Consent Proposed Amendments N/A N/A Management
(Indenture and Gas Purchase Agreement )
--------------------------------------------------------------------------------
TENNESSEE ENERGY ACQUISITION CORP
Ticker: TNSUTL Security ID: 880443BM7
Meeting Date: JAN 06, 2012 Meeting Type: CONSENT
Record Date: DEC 29, 2011
# Proposal Mgt Rec Vote Cast Sponsor
N/A To Consent Proposed Amendments N/A N/A Management
(Indenture and Gas Purchase Agreement )
=============== Legg Mason Western Asset Managed Municipals Fund ===============
There is no proxy voting activity for the fund, as the fund did not hold any
votable positions during the reporting period.
============ Legg Mason Western Asset Massachusetts Municipals Fund ============
There is no proxy voting activity for the fund, as the fund did not hold any
votable positions during the reporting period.
============= Legg Mason Western Asset Municipal High Income Fund ==============
There is no proxy voting activity for the fund, as the fund did not hold any
votable positions during the reporting period.
============= Legg Mason Western Asset New Jersey Municipals Fund ==============
There is no proxy voting activity for the fund, as the fund did not hold any
votable positions during the reporting period.
============== Legg Mason Western Asset New York Municipals Fund ===============
There is no proxy voting activity for the fund, as the fund did not hold any
votable positions during the reporting period.
=============== Legg Mason Western Asset Oregon Municipals Fund ================
There is no proxy voting activity for the fund, as the fund did not hold any
votable positions during the reporting period.
============ Legg Mason Western Asset Pennsylvania Municipals Fund =============
There is no proxy voting activity for the fund, as the fund did not hold any
votable positions during the reporting period.
========== Legg Mason Western Asset Short Duration Municipal Income ===========
========== Fund ===========
TENNESSEE ENERGY ACQUISITION CORP
Ticker: TNSUTL Security ID: 880443BG0
Meeting Date: JAN 06, 2012 Meeting Type: CONSENT
Record Date: DEC 29, 2011
# Proposal Mgt Rec Vote Cast Sponsor
N/A To Consent Proposed Amendments N/A N/A Management
(Indenture and Gas Purchase Agreement )
================ Legg Mason Western Asset Short-Term Bond Fund =================
There is no proxy voting activity for the fund, as the fund did not hold any
votable positions during the reporting period.
================ Legg Mason Western Asset Strategic Income Fund ================
There is no proxy voting activity for the fund, as the fund did not hold any
votable positions during the reporting period.
=================== Western Asset Emerging Markets Debt Fund ===================
There is no proxy voting activity for the fund, as the fund did not hold any
votable positions during the reporting period.
================ Western Asset Mortgage Backed Securities Fund =================
There is no proxy voting activity for the fund, as the fund did not hold any
votable positions during the reporting period.
===================== Western Asset Short Term Yield Fund ======================
There is no proxy voting activity for the fund, as the fund did not hold any
votable positions during the reporting period.
========== END NPX REPORT
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.
Legg Mason Partners Income Trust
By:
/s/ R. Jay Gerken
R. Jay Gerken
Chairman of the Board, President and Chief Executive Officer
Date: August 21, 2012
