UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF
Scudder RREEF Real Estate Fund, Inc.
Investment Company Act file number 811-21172
Scudder RREEF Real Estate Fund, Inc.
(Exact name of registrant as specified in charter)
One South Street
Baltimore, MD 21202
(Address of principal executive offices) (Zip code)
John Millette
Secretary
Two International Place
Boston, MA 02110
(Name and address of agent for service)
Registrant's telephone number, including area code: 617-295-1000
Date of fiscal year end: 12/31
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Date of reporting period: 7/1/04-6/30/05
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Form N-PX is to be used by a registered management investment company, other
than a small business investment company registered on Form N-5 (ss.ss. 239.24
and 274.5 of this chapter), to file reports with the Commission, not later than
August 31 of each year, containing the registrant's proxy voting record for the
most recent twelve-month period ended June 30, pursuant to section 30 of the
Investment Company Act of 1940 and rule 30b1-4 thereunder (17 CFR 270.30b1-4).
The Commission may use the information provided on Form N-PX in its regulatory,
disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-PX, and
the Commission will make this information public. A registrant is not required
to respond to the collection of information contained in Form N-PX unless the
Form displays a currently valid Office of Management and Budget ("OMB") control
number. Please direct comments concerning the accuracy of the information
collection burden estimate and any suggestions for reducing the burden to the
Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington,
DC 20549-0609. The OMB has reviewed this collection of information under the
clearance requirements of 44 U.S.C. ss. 3507.
ProxyEdge - Investment Company Report
Meeting Date Range: 07/01/2004 to 06/30/2005
Selected Accounts: Scudder RREEF Real Estate Fund, Inc.
Vote Summary Report (Long)
07/01/04 to 06/30/05
AMLI Residential Properties Trust Shares Voted 564,400 Security 1735109
Meeting Date 4/25/2005 Meeting Type AGM
Ballot Issues Proponent Mgmt Vote
Rec Cast
1.1 Elect Director Bruce P. Bickner Mgmt For For
1.2 Elect Director Laura D. Gates Mgmt For For
1.3 Elect Director Marc S. Heilweil Mgmt For For
1.4 Elect Director Gregory T. Mutz Mgmt For For
2 Declassify the Board of Directors Mgmt For For
3 Ratify Auditors Mgmt For For
Apartment Investment & Management Shares Voted Security
Co. 608,800 03748R101
Meeting Date 4/29/2005 Meeting Type AGM
Ballot Issues Proponent Mgmt Vote
Rec Cast
1.1 Elect Director Terry Considine Mgmt For For
1.2 Elect Director James N. Bailey Mgmt For For
1.3 Elect Director Richard S. Ellwood Mgmt For For
1.4 Elect Director J. Landis Martin Mgmt For For
1.5 Elect Director Thomas L. Rhodes Mgmt For For
1.6 Elect Director Michael A. Stein Mgmt For For
2 Ratify Auditors Mgmt For For
3 Approval of the Sale of High Performance Units Mgmt For For
Regency Centers Corp. Shares Voted 274,000 Security 758849103
Meeting Date 5/3/2005 Meeting Type AGM
Ballot Issues Proponent Mgmt Vote
Rec Cast
1.1 Elect Director Martin E. Stein, Jr. Mgmt For For
1.2 Elect Director Raymond L. Bank Mgmt For For
1.3 Elect Director C. Ronald Blankenship Mgmt For For
1.4 Elect Director A. R. Carpenter Mgmt For For
1.5 Elect Director J. Dix Druce, Jr. Mgmt For For
1.6 Elect Director Mary Lou Fiala Mgmt For For
1.7 Elect Director Bruce M. Johnson Mgmt For For
1.8 Elect Director Douglas S. Luke Mgmt For For
1.9 Elect Director John C. Schweitzer Mgmt For For
1.1 Elect Director Thomas G. Wattles Mgmt For For
1.11 Elect Director Terry N. Worrell Mgmt For For
Glenborough Realty Trust Inc. Shares Voted 261,600 Security 37803P105
Meeting Date 5/4/2005 Meeting Type AGM
Ballot Issues Proponent Mgmt Vote
Rec Cast
1.1 Elect Director Richard A. Magnuson Mgmt For For
1.2 Elect Director Richard C. Blum Mgmt For For
Public Storage, Inc. Shares Voted 12,800 Security 74460D729
Meeting Date 5/5/2005 Meeting Type AGM
Ballot Issues Proponent Mgmt Vote
Rec Cast
1.1 Elect Director B. Wayne Hughes Mgmt For For
1.2 Elect Director Ronald L. Havner, Jr. Mgmt For For
1.3 Elect Director Harvey Lenkin Mgmt For For
1.4 Elect Director Robert J. Abernethy Mgmt For For
1.5 Elect Director Dann V. Angeloff Mgmt For For
1.6 Elect Director William C. Baker Mgmt For For
1.7 Elect Director John T. Evans Mgmt For For
1.8 Elect Director Uri P. Harkham Mgmt For For
1.9 Elect Director B. Wayne Hughes, Jr. Mgmt For For
1.1 Elect Director Daniel C. Staton Mgmt For For
2 Approve Executive Incentive Bonus Plan Mgmt For For
3 Ratify Auditors Mgmt For For
Digital Realty Trust Inc. Shares Voted 409,500 Security 253868103
Meeting Date 5/6/2005 Meeting Type AGM
Ballot Issues Proponent Mgmt Vote
Rec Cast
1.1 Elect Director Richard A. Magnuson Mgmt For For
1.2 Elect Director Michael F. Foust Mgmt For For
1.3 Elect Director Laurence A. Chapman Mgmt For For
1.4 Elect Director Ruann F. Ernst, Ph.D. Mgmt For For
1.5 Elect Director Kathleen Earley Reed Mgmt For For
1.6 Elect Director Dennis E. Singleton Mgmt For For
2 Ratify Auditors Mgmt For For
Heritage Property Investment Trust Shares Voted Security
Inc 518,900 42725M107
Meeting Date 5/6/2005 Meeting Type AGM
Ballot Issues Proponent Mgmt Vote
Rec Cast
1.1 Elect Director Bernard Cammarata Mgmt For For
1.2 Elect Director Michael J. Joyce Mgmt For For
1.3 Elect Director Thomas C. Prendergast Mgmt For For
Glimcher Realty Trust Shares Voted 1,024,050 Security 379302102
Meeting Date 5/6/2005 Meeting Type AGM
Ballot Issues Proponent Mgmt Vote
Rec Cast
1.1 Elect Director Wayne S. Doran Mgmt For For
1.2 Elect Director Michael P. Glimcher Mgmt For For
1.3 Elect Director Alan R. Weiler Mgmt For For
2 Ratify Auditors Mgmt For For
3 Other Business Mgmt For Against
HRPT Properties Trust Shares Voted 1,254,971 Security 40426W101
Meeting Date 5/10/2005 Meeting Type AGM
Ballot Issues Proponent Mgmt Vote
Rec Cast
1.1 Elect Director Barry M. Portnoy Mgmt For For
1.2 Elect Director F.N. Zeytoonjian Mgmt For For
Senior Housing Properties Trust Shares Voted 592,300 Security 81721M109
Meeting Date 5/10/2005 Meeting Type AGM
Ballot Issues Proponent Mgmt Vote
Rec Cast
1.1 Elect Director F.N. Zeytoonjian Mgmt For For
Sunstone Hotel Investors, Inc. Shares Voted 794,800 Security 867892101
Meeting Date 5/10/2005 Meeting Type AGM
Ballot Issues Proponent Mgmt Vote
Rec Cast
1.1 Elect Director Robert A. Alter Mgmt For For
1.2 Elect Director Lewis N. Wolff Mgmt For For
1.3 Elect Director Z. Jamie Behar Mgmt For For
1.4 Elect Director Barbara S. Brown Mgmt For For
1.5 Elect Director Anthony W. Dona Mgmt For For
1.6 Elect Director Paul D. Kazilionis Mgmt For For
1.7 Elect Director Jonathan H. Paul Mgmt For For
1.8 Elect Director Keith P. Russell Mgmt For For
1.9 Elect Director David M. Siegel Mgmt For For
2 Ratify Auditors Mgmt For For
AvalonBay Communities, Inc. Shares Voted 171,600 Security 53484101
Meeting Date 5/11/2005 Meeting Type AGM
Ballot Issues Proponent Mgmt Vote
Rec Cast
1.1 Elect Director Bryce Blair Mgmt For For
1.2 Elect Director Bruce A. Choate Mgmt For For
1.3 Elect Director John J. Healy, Jr. Mgmt For For
1.4 Elect Director Gilbert M. Meyer Mgmt For For
1.5 Elect Director Charles D. Peebler, Jr. Mgmt For For
1.6 Elect Director Lance R. Primis Mgmt For For
1.7 Elect Director Allan D. Schuster Mgmt For For
1.8 Elect Director Amy P. Williams Mgmt For For
2 Ratify Auditors Mgmt For For
Simon Property Group, Inc. Shares Voted 419,597 Security 828806109
Meeting Date 5/11/2005 Meeting Type AGM
Ballot Issues Proponent Mgmt Vote
Rec Cast
1.1 Elect Director Birch Bayh Mgmt For For
1.2 Elect Director Melvyn E. Bergstein Mgmt For For
1.3 Elect Director Linda Walker Bynoe Mgmt For For
1.4 Elect Director Karen N. Horn, Ph.D. Mgmt For For
1.5 Elect Director Reuben S. Leibowitz Mgmt For For
1.6 Elect Director J. Albert Smith, Jr. Mgmt For For
1.7 Elect Director Pieter S. Van Den Berg Mgmt For For
2 Ratify Auditors Mgmt For For
Report on Greenhouse Gas Emissions and Energy
3 Efficiency ShrHoldr Against Against
American Campus Communities, Inc. Shares Voted 736,602 Security 24835100
Meeting Date 5/12/2005 Meeting Type AGM
Ballot Issues Proponent Mgmt Vote
Rec Cast
1.1 Elect Director William C. Bayless Jr. Mgmt For For
1.2 Elect Director R.D. Burck Mgmt For For
1.3 Elect Director G. Steven Dawson Mgmt For For
1.4 Elect Director Cydney Donnell Mgmt For For
1.5 Elect Director Edward Lowenthal Mgmt For For
1.6 Elect Director Brian B. Nickel Mgmt For For
1.7 Elect Director Scott H. Rechler Mgmt For For
1.8 Elect Director Winston W. Walker Mgmt For For
Gables Residential Trust Shares Voted 589,800 Security 362418105
Meeting Date 5/17/2005 Meeting Type AGM
Ballot Issues Proponent Mgmt Vote
Rec Cast
1.1 Elect Trustee David D. Fitch Mgmt For For
1.2 Elect Trustee John W. McIntyre Mgmt For For
1.3 Elect Trustee Chris D. Wheeler Mgmt For For
First Industrial Realty Trust, Inc. Shares Voted 376,200 Security 32054K103
Meeting Date 5/18/2005 Meeting Type AGM
Ballot Issues Proponent Mgmt Vote
Rec Cast
1.1 Elect Director Michael W. Brennan Mgmt For For
1.2 Elect Director Michael G. Damone Mgmt For For
1.3 Elect Director Kevin W. Lynch Mgmt For For
2 Ratify Auditors Mgmt For For
CRT Properties Inc Shares Voted 270,600 Security 22876P109
Meeting Date 5/18/2005 Meeting Type AGM
Ballot Issues Proponent Mgmt Vote
Rec Cast
1.1 Elect Director D. Pike Aloian Mgmt For For
1.2 Elect Director Benjamin C. Bishop, Jr. Mgmt For For
1.3 Elect Director Thomas J. Crocker Mgmt For For
1.4 Elect Director Peter J. Farrell Mgmt For For
1.5 Elect Director David B. Hiley Mgmt For For
1.6 Elect Director Victor A. Hughes, Jr. Mgmt For For
1.7 Elect Director Randall E. Paulson Mgmt For For
1.8 Elect Director George F. Staudter Mgmt For For
Change State of Incorporation from Florida to
2 Maryland Mgmt For For
3 Approve Nonqualified Employee Stock Purchase Plan Mgmt For For
4 Ratify Auditors Mgmt For For
The Macerich Co. Shares Voted 91,000 Security 554382101
Meeting Date 5/19/2005 Meeting Type AGM
Ballot Issues Proponent Mgmt Vote
Rec Cast
1.1 Elect Director Dana K. Anderson Mgmt For For
1.2 Elect Director Diana M. Laing Mgmt For For
1.3 Elect Director Stanley A. Moore Mgmt For For
2 Ratify Auditors Mgmt For For
Liberty Property Trust Shares Voted 633,900 Security 531172104
Meeting Date 5/19/2005 Meeting Type AGM
Ballot Issues Proponent Mgmt Vote
Rec Cast
1.1 Elect Director Frederick F. Buchholz Mgmt For For
1.2 Elect Director Thomas C. DeLoach, Jr. Mgmt For For
1.3 Elect Director Daniel P. Garton Mgmt For For
1.4 Elect Director Stephen B. Siegel Mgmt For For
2 Ratify Auditors Mgmt For For
Require a Majority Vote for the Election of
3 Directors ShrHoldr Against Against
4 Establish Other Board Committee ShrHoldr Against Against
Eagle Hospitality Properties Trust, Shares Voted Security
Inc. 352,900 26959T102
Meeting Date 5/20/2005 Meeting Type AGM
Ballot Issues Proponent Mgmt Vote
Rec Cast
1.1 Elect Director William P. Butler Mgmt For For
1.2 Elect Director J. William Blackham Mgmt For For
1.3 Elect Director Robert J. Kohlhepp Mgmt For For
1.4 Elect Director Frank C. McDowell Mgmt For For
1.5 Elect Director Louis D. George Mgmt For For
1.6 Elect Director Thomas R. Engel Mgmt For For
1.7 Elect Director Thomas E. Costello Mgmt For For
1.8 Elect Director Thomas E. Banta Mgmt For For
1.9 Elect Director Paul S. Fisher Mgmt For For
2 Ratify Auditors Mgmt For For
Ventas, Inc. Shares Voted 930,200 Security 92276F100
Meeting Date 5/24/2005 Meeting Type AGM
Ballot Issues Proponent Mgmt Vote
Rec Cast
1.1 Elect Director Debra A. Cafaro Mgmt For For
1.2 Elect Director Ronald G. Geary Mgmt For For
1.3 Elect Director Douglas Crocker II Mgmt For For
1.4 Elect Director Christopher T. Hannon Mgmt For For
1.5 Elect Director Thomas C. Theobald Mgmt For For
1.6 Elect Director Jay M. Gellert Mgmt For For
1.7 Elect Director Sheli Z. Rosenberg Mgmt For For
2 Ratify Auditors Mgmt For For
3 Approve Qualified Employee Stock Purchase Plan Mgmt For For
Lexington Corporate Properties Trust Shares Voted 659,100 Security 529043101
Meeting Date 5/24/2005 Meeting Type AGM
Ballot Issues Proponent Mgmt Vote
Rec Cast
1.1 Elect Director E. Robert Roskind Mgmt For For
1.2 Elect Director Richard J. Rouse Mgmt For For
1.3 Elect Director T. Wilson Eglin Mgmt For For
1.4 Elect Director Geoffrey Dohrmann Mgmt For For
1.5 Elect Director Carl D. Glickman Mgmt For For
1.6 Elect Director James Grosfeld Mgmt For For
1.7 Elect Director Kevin W. Lynch Mgmt For For
1.8 Elect Director Stanley R. Perla Mgmt For For
1.9 Elect Director Seth M. Zachary Mgmt For For
2 Increase Authorized Common Stock Mgmt For Against
3 Other Business Mgmt For Against
Arden Realty, Inc. Shares Voted 487,400 Security 39793104
Meeting Date 5/25/2005 Meeting Type AGM
Ballot Issues Proponent Mgmt Vote
Rec Cast
1.1 Elect Director Richard S. Ziman Mgmt For For
1.2 Elect Director Victor J. Coleman Mgmt For For
2 Ratify Auditors Mgmt For For
3 Amend Omnibus Stock Plan Mgmt For For
Submit Severance Agreement (Change-in-Control)
4 to Shareholder Vote ShrHoldr Against For
iStar Financial Inc. Shares Voted 526,000 Security 45031U101
Meeting Date 5/25/2005 Meeting Type AGM
Ballot Issues Proponent Mgmt Vote
Rec Cast
1.1 Elect Director Jay Sugarman Mgmt For For
1.2 Elect Director Willis Andersen, Jr. Mgmt For For
1.3 Elect Director Robert W. Holman, Jr. Mgmt For For
1.4 Elect Director Robin Josephs Mgmt For For
1.5 Elect Director John G. McDonald Mgmt For For
1.6 Elect Director George R. Puskar Mgmt For For
1.7 Elect Director Jeffrey A. Weber Mgmt For For
2 Amend Stock Option Plan Mgmt For For
3 Ratify Auditors Mgmt For For
FELDMAN MALL PPTYS INC Shares Voted 436,300 Security 314308107
Meeting Date 5/26/2005 Meeting Type AGM
Ballot Issues Proponent Mgmt Vote
Rec Cast
1.1 Elect Director Lawrence Feldman Mgmt For For
1.2 Elect Director James C. Bourg Mgmt For For
1.3 Elect Director Lawrence S. Kaplan Mgmt For For
1.4 Elect Director Bruce E. Moore Mgmt For For
1.5 Elect Director Paul H. McDowell Mgmt For For
2 Ratify Auditors Mgmt For For
Hersha Hospitality Trust Shares Voted 535,300 Security 427825104
Meeting Date 5/26/2005 Meeting Type AGM
Ballot Issues Proponent Mgmt Vote
Rec Cast
1.1 Elect Director Hasu P. Shah Mgmt For For
1.2 Elect Director Michael A. Leven Mgmt For For
1.3 Elect Director K.D. Patel Mgmt For For
1.4 Elect Director John M. Sabin Mgmt For For
2 Ratify Auditors Mgmt For For
American Financial Realty Trust Shares Voted 734,700 Security 02607P305
Meeting Date 6/1/2005 Meeting Type AGM
Ballot Issues Proponent Mgmt Vote
Rec Cast
1.1 Elect Director Glenn Blumenthal Mgmt For For
1.2 Elect Director John M. Eggemeyer III Mgmt For For
1.3 Elect Director Raymond Garea Mgmt For For
1.4 Elect Director Michael J. Hagan Mgmt For For
1.5 Elect Director John P. Hollihan III Mgmt For For
1.6 Elect Director William M. Kahane Mgmt For For
1.7 Elect Director Richard A. Kraemer Mgmt For For
1.8 Elect Director Lewis S. Ranieri Mgmt For For
1.9 Elect Director Nicholas S. Schorsch Mgmt For For
GMH Communities Trust Shares Voted 305,500 Security 36188G102
Meeting Date 6/8/2005 Meeting Type AGM
Ballot Issues Proponent Mgmt Vote
Rec Cast
1.1 Elect Director Gary M. Holloway, Sr. Mgmt For For
1.2 Elect Director Bruce F. Robinson Mgmt For For
1.3 Elect Director Frederick F. Buchholz Mgmt For For
1.4 Elect Director RADM J. Eastwood (Ret) Mgmt For For
1.5 Elect Director Steven J. Kessler Mgmt For For
1.6 Elect Director Denis J. Nayden Mgmt For For
1.7 Elect Director Dennis J. O'Leary Mgmt For For
1.8 Elect Director Richard A. Silfen Mgmt For For
Crescent Real Estate Equities Shares Voted Security
Company 215,100 225756105
Meeting Date 6/13/2005 Meeting Type AGM
Ballot Issues Proponent Mgmt Vote
Rec Cast
1.1 Elect Director John C. Goff Mgmt For For
1.2 Elect Director Paul E. Rowsey, III Mgmt For For
1.3 Elect Director Robert W. Stallings Mgmt For For
2 Ratify Auditors Mgmt For For
Mack-Cali Realty Corp. Shares Voted 468,800 Security 554489104
Meeting Date 6/23/2005 Meeting Type AGM
Ballot Issues Proponent Mgmt Vote
Rec Cast
1.1 Elect Director Nathan Gantcher Mgmt For For
1.2 Elect Director David S. Mack Mgmt For For
1.3 Elect Director William L. Mack Mgmt For For
1.4 Elect Director Alan G. Philibosian Mgmt For For
2 Ratify Auditors Mgmt For For
Require a Majority Vote for the Election of
3 Directors ShrHoldr Against Against
SIGNATURES
[See General Instruction F]
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) Scudder RREEF Real Estate Fund, Inc.
By (Signature and Title)* /s/Julian Sluyters
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Julian Sluyters, Chief Executive Officer
Date 8/15/05
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* Print the name and title of each signing officer under his or her signature.