FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF
REGISTERED MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number 811-02896
Dryden High Yield Fund, Inc.
(Exact name of registrant as specified in charter)
100 Mulberry Street, Gateway Center Three, 4 th Floor, Newark, NJ 07102
(Address of principal executive offices) (Zip Code)
Jonathan D. Shain, Esq.
100 Mulberry Street, Gateway Center Three, 4 th Floor, Newark, NJ 07102
(Name and address of agent for service)
Registrant's telephone number, including area code: 973-802-6469
Date of fiscal year-end: December 31, 2005
Date of reporting period: June 30, 2006
Item 1. Proxy Voting Record
In determining votes against management, any ballot that management did not
make a recommendation is considered to be "FOR" regardless of the vote cast.
Any "Abstain" vote cast is considered as voted, and to be against the
management recommendation.
******************************* FORM N-Px REPORT *******************************
ICA File Number: 811-02896
Reporting Period: 07/01/2005 - 06/30/2006
Dryden High Yield Fund, Inc.
================= DRYDEN HIGH YIELD FUND, INC. - ADVISOR: PIM ==================
CAESARS ENTERTAINMENT INC
Ticker: CZR Security ID: 700690AB6
Meeting Date: JUL 22, 2005 Meeting Type: WC
Record Date: JUL 8, 2005
# Proposal Mgt Rec Vote Cast Sponsor
1 Misc. management - Fund/Trust/Debtholders FOR FOR Management
- --------------------------------------------------------------------------------
CAESARS ENTERTAINMENT INC
Ticker: CZR Security ID: 700690AE0
Meeting Date: JUL 22, 2005 Meeting Type: WC
Record Date: JUL 8, 2005
# Proposal Mgt Rec Vote Cast Sponsor
1 Misc. management - Fund/Trust/Debtholders FOR FOR Management
- --------------------------------------------------------------------------------
CAESARS ENTERTAINMENT INC
Ticker: CZR Security ID: 700690AH3
Meeting Date: JUL 22, 2005 Meeting Type: WC
Record Date: JUL 8, 2005
# Proposal Mgt Rec Vote Cast Sponsor
1 Misc. management - Fund/Trust/Debtholders FOR FOR Management
- --------------------------------------------------------------------------------
CAESARS ENTERTAINMENT INC
Ticker: CZR Security ID: 700690AJ9
Meeting Date: JUL 22, 2005 Meeting Type: WC
Record Date: JUL 8, 2005
# Proposal Mgt Rec Vote Cast Sponsor
1 Misc. management - Fund/Trust/Debtholders FOR FOR Management
- --------------------------------------------------------------------------------
CAESARS ENTERTAINMENT INC
Ticker: CZR Security ID: 700690AL4
Meeting Date: JUL 22, 2005 Meeting Type: WC
Record Date: JUL 8, 2005
# Proposal Mgt Rec Vote Cast Sponsor
1 Misc. management - Fund/Trust/Debtholders FOR FOR Management
- --------------------------------------------------------------------------------
CAESARS ENTERTAINMENT INC
Ticker: CZR Security ID: 700690AQ3
Meeting Date: JUL 22, 2005 Meeting Type: WC
Record Date: JUL 8, 2005
# Proposal Mgt Rec Vote Cast Sponsor
1 Misc. management - Fund/Trust/Debtholders FOR FOR Management
- --------------------------------------------------------------------------------
IMPSAT FIBER NTWKS
Ticker: IMPT Security ID: 45321T202
Meeting Date: APR 28, 2006 Meeting Type: GENERAL
Record Date: MAR 15, 2006
# Proposal Mgt Rec Vote Cast Sponsor
1 DIRECTOR(S) FOR FOR Management
2 RATIFICATION OF THE SELECTION OF DELOITTE FOR FOR Management
& TOUCHE LLP TO SERVE AS THE COMPANY'S
INDEPENDENT AUDITORS FOR THE YEAR ENDING
DECEMBER 31, 2006.
- --------------------------------------------------------------------------------
LIBERTY GLOBAL
Ticker: LBTYA Security ID: 53055101
Meeting Date: JUN 22, 2006 Meeting Type: GENERAL
Record Date: APR 1, 2006
# Proposal Mgt Rec Vote Cast Sponsor
1 DIRECTOR(S) FOR FOR Management
2 AUDITORS RATIFICATION FOR FOR Management
- --------------------------------------------------------------------------------
MIRANT
Ticker: MIR Security ID: 60467R100
Meeting Date: MAY 9, 2006 Meeting Type: GENERAL
Record Date: MAR 24, 2006
# Proposal Mgt Rec Vote Cast Sponsor
1 DIRECTOR(S) FOR FOR Management
2 RATIFICATION OF APPOINTMENT OF KPMG LLP FOR FOR Management
AS INDEPENDENT AUDITOR FOR 2006
- --------------------------------------------------------------------------------
NEXTEL COMMUNICATIONS
Ticker: NXTL Security ID: 65332V103
Meeting Date: JUL 13, 2005 Meeting Type: A
Record Date: MAY 20, 2005
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve merger/acquisition FOR FOR Management
2 Adjourn meeting FOR FOR Management
3.1 Elect Directors FOR FOR Management
3.2 Elect Directors FOR FOR Management
3.3 Elect Directors FOR FOR Management
4 Ratify selection of auditors FOR FOR Management
5 Add shares to the Incentive Equity Plan FOR FOR Management
- --------------------------------------------------------------------------------
NTL INC.
Ticker: NTLI Security ID: 62940M104
Meeting Date: MAR 2, 2006 Meeting Type: Special
Record Date: FEB 27, 2006
# Proposal Mgt Rec Vote Cast Sponsor
1 TO ADOPT THE AMENDED AND RESTATED FOR FOR Management
AGREEMENT AND PLAN OF MERGER, DATED AS OF
DECEMBER 14, 2005, AS AMENDED BY
AMENDMENT NO.1 THERETO, AMONG TELEWEST
GLOBAL INC., NTL INCORPORATED, NEPTUNE
BRIDGE BORROWER LLC AND, FOR CERTAIN
LIMITED PURPOSES, MERGER SUB IN
- --------------------------------------------------------------------------------
SPRINT
Ticker: S Security ID: 852061100
Meeting Date: APR 18, 2006 Meeting Type: GENERAL
Record Date: FEB 28, 2006
# Proposal Mgt Rec Vote Cast Sponsor
1 DIRECTOR(S) FOR FOR Management
2 TO RATIFY APPOINTMENT OF KPMG LLP AS FOR FOR Management
INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM OF SPRINT NEXTEL FOR 2006.
3 SHAREHOLDER PROPOSAL CONCERNING MAJORITY AGAINST ABSTAIN Shareholder
VOTING
4 SHAREHOLDER PROPOSAL CONCERNING AGAINST FOR Shareholder
CUMULATIVE VOTING.
- --------------------------------------------------------------------------------
STAGE STORES
Ticker: STGS Security ID: 85254C305
Meeting Date: JUN 1, 2006 Meeting Type: GENERAL
Record Date: APR 5, 2006
# Proposal Mgt Rec Vote Cast Sponsor
1 DIRECTOR(S) FOR FOR Management
2 RATIFICATION OF THE SELECTION OF DELOITTE FOR FOR Management
& TOUCHE LLP AS INDEPENDENT REGISTERED
PUBLIC ACCOUNTING FIRM FOR 2006.
- --------------------------------------------------------------------------------
STERLING CHEMICALS
Ticker: SCHI Security ID: 859166100
Meeting Date: APR 21, 2006 Meeting Type: GENERAL
Record Date: MAR 3, 2006
# Proposal Mgt Rec Vote Cast Sponsor
1 DIRECTOR(S) FOR FOR Management
2 PROPOSAL TO RATIFY THE APPOINTMENT OF FOR FOR Management
DELOITTE & TOUCHE LLP AS INDEPENDENT
REGISTERED PUBLIC ACCOUNTING FIRM FOR THE
COMPANY FOR THE FISCAL YEAR ENDING
DECEMBER 31, 2006.
- --------------------------------------------------------------------------------
WALTER INDUSTRIES
Ticker: WLT Security ID: 93317Q105
Meeting Date: APR 26, 2006 Meeting Type: GENERAL
Record Date: MAR 3, 2006
# Proposal Mgt Rec Vote Cast Sponsor
1 DIRECTOR(S) FOR FOR Management
2 PROPOSAL TO RATIFY THE APPOINTMENT OF FOR FOR Management
PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT
CERTIFIED PUBLIC ACCOUNTANTS FOR THE
COMPANY FOR THE YEAR ENDING DECEMBER 31,
2006.
3 PROPOSAL TO APPROVE THE WALTER FOR ABSTAIN Management
INDUSTRIES, INC. EXECUTIVE INCENTIVE
PLAN.
========== 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.
Dryden High Yield Fund, Inc.
By
/s/ Judy A. Rice*
(Jonathan D. Shain)
Judy A. Rice, President
* By Power of Attorney. Filed on June 30, 2006. Incorporated by reference
to Exhibit (q) to Post-Effective Amendment No. 28 to the filing on Form N-1A
for Dryden Municipal Bond Fund (File No. 33-10649) filed via EDGAR on
June 30, 2006.
Date: August 25, 2006