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: 811-06310
Legg Mason Partners Variable 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
Stamford, Connecticut 06902
(Name and address of agent for service)
Registrant’s telephone number, including area code: 800-451-2010
Date of fiscal year end: Multiple fiscal year ends
Date of reporting period: July 1, 2009–June 30, 2010
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).
On or about October 5, 2009, a rebranding initiative took place replacing the word “Partners” in Legg Mason Partners funds with that of the subadviser to each respective fund within the Trust.
******************************* FORM N-Px REPORT *******************************
ICA File Number: 811-06310
Reporting Period: 07/01/2009 - 06/30/2010
Legg Mason Partners Variable Income Trust
=========== Legg Mason Western Asset Variable Adjustable Rate Income ===========
=========== Portfolio ===========
GEORGIA GULF CORPORATION
Ticker: GGC Security ID: 373200302
Meeting Date: SEP 17, 2009 Meeting Type: Special
Record Date: AUG 17, 2009
# Proposal Mgt Rec Vote Cast Sponsor
1 To consider and vote upon an amendment FOR FOR Management
to our certificate of incorporation to
increase the number of authorized
shares of common stock from 3 million
to 100 million
2 To consider and vote upon the 2009 FOR FOR Management
equity and performance incentive plan
providing for the issuance of up to
3,033,000 shares of common stock
- --------------------------------------------------------------------------------
GEORGIA GULF CORPORATION
Ticker: GGC Security ID: 373200302
Meeting Date: MAY 18, 2010 Meeting Type: Annual
Record Date: MAR 26, 2010
# Proposal Mgt Rec Vote Cast Sponsor
1 To elect three directors to serve for a FOR FOR Management
term of three years
2 To approve an amendment to the FOR FOR Management
Company''s certificate of
incorporation, as amended (the
"Certificate") to amend Article XV to
remove the requirement of plurality
voting for directors
3 To approve an amendment to Article XV FOR FOR Management
of the Certificate to declassify the
board of directors
4 To approve an amendment to Article XV FOR FOR Management
of the Certificate to remove the
requirement of a four-fifths
stockholder vote to repeal or amend
such article
5 To ratify the appointment of Deloitte & FOR FOR Management
Touche LLP to serve as Georgia Gulf''s
independent registered public
accounting firm for the year ending
December 31, 2010
6 To transact any other business as may Non-Votin Non-Voting Management
properly come before the meeting g
=========== Legg Mason Western Asset Variable Diversified Strategic ============
=========== Income Portfolio ============
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 Variable Global High Yield Bond ===========
=========== Portfolio ===========
GEORGIA GULF CORPORATION
Ticker: GGC Security ID: 373200302
Meeting Date: SEP 17, 2009 Meeting Type: Special
Record Date: AUG 17, 2009
# Proposal Mgt Rec Vote Cast Sponsor
1 To consider and vote upon an amendment FOR FOR Management
to our certificate of incorporation to
increase the number of authorized
shares of common stock from 3 million
to 100 million
2 To consider and vote upon the 2009 FOR FOR Management
equity and performance incentive plan
providing for the issuance of up to
3,033,000 shares of common stock
- --------------------------------------------------------------------------------
GEORGIA GULF CORPORATION
Ticker: GGC Security ID: 373200302
Meeting Date: MAY 18, 2010 Meeting Type: Annual
Record Date: MAR 26, 2010
# Proposal Mgt Rec Vote Cast Sponsor
1 To elect three directors to serve for a FOR FOR Management
term of three years
2 To approve an amendment to the FOR FOR Management
Company''s certificate of
incorporation, as amended (the
"Certificate") to amend Article XV to
remove the requirement of plurality
voting for directors
3 To approve an amendment to Article XV FOR FOR Management
of the Certificate to declassify the
board of directors
4 To approve an amendment to Article XV FOR FOR Management
of the Certificate to remove the
requirement of a four-fifths
stockholder vote to repeal or amend
such article
5 To ratify the appointment of Deloitte & FOR FOR Management
Touche LLP to serve as Georgia Gulf''s
independent registered public
accounting firm for the year ending
December 31, 2010
6 To transact any other business as may Non-Votin Non-Voting Management
properly come before the meeting g
=========== Legg Mason Western Asset Variable High Income Portfolio ============
GEORGIA GULF CORPORATION
Ticker: GGC Security ID: 373200302
Meeting Date: SEP 17, 2009 Meeting Type: Special
Record Date: AUG 17, 2009
# Proposal Mgt Rec Vote Cast Sponsor
1 To consider and vote upon an amendment FOR FOR Management
to our certificate of incorporation to
increase the number of authorized
shares of common stock from 3 million
to 100 million
2 To consider and vote upon the 2009 FOR FOR Management
equity and performance incentive plan
providing for the issuance of up to
3,033,000 shares of common stock
- --------------------------------------------------------------------------------
GEORGIA GULF CORPORATION
Ticker: GGC Security ID: 373200302
Meeting Date: MAY 18, 2010 Meeting Type: Annual
Record Date: MAR 26, 2010
# Proposal Mgt Rec Vote Cast Sponsor
1 To elect three directors to serve for a FOR FOR Management
term of three years
2 To approve an amendment to the FOR FOR Management
Company''s certificate of
incorporation, as amended (the
"Certificate") to amend Article XV to
remove the requirement of plurality
voting for directors
3 To approve an amendment to Article XV FOR FOR Management
of the Certificate to declassify the
board of directors
4 To approve an amendment to Article XV FOR FOR Management
of the Certificate to remove the
requirement of a four-fifths
stockholder vote to repeal or amend
such article
5 To ratify the appointment of Deloitte & FOR FOR Management
Touche LLP to serve as Georgia Gulf''s
independent registered public
accounting firm for the year ending
December 31, 2010
6 To transact any other business as may Non-Votin Non-Voting Management
properly come before the meeting g
=========== Legg Mason Western Asset Variable Money Market Portfolio ===========
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 Variable Strategic Bond Portfolio ==========
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 Variable Income Trust
By: /s/ R. Jay Gerken
R. Jay Gerken
Chairman of the Board, President and Chief Executive Officer of
Date: August 16, 2010
