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 811-08379 --------------------------------------------- Principal Real Estate Securities Fund, Inc. - -------------------------------------------------------------------------------- (Exact name of registrant as specified in charter) 711 High Street, Des Moines, Iowa 50392-2080 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip code) MICHAEL D. ROUGHTON Copy to: The Principal Financial Group John W. Blouch, Esq. Des Moines, Iowa 50392-0300 Dykema Gossett PLLC Franklin Square, Suite 300 West 1300 I Street, N.W. Washington, DC 20005-3306 - -------------------------------------------------------------------------------- (Name and address of agent for service) Registrant's telephone number, including area code: 515-248-3842 ---------------------------- Date of fiscal year end: 10/31/2004 ------------------------- Date of reporting period: 07/01/2004 - 06/30/2005 ------------------------- FUND: Principal Real Estate Fund, Inc. Sub Advisor: Principal Global Investors LLC Issuer Ticker Cusip Meeting Date Taubman Centers, Inc. TCO 876664103 05/18/2005 Taubman Centers, Inc. TCO 876664103 05/18/2005 Taubman Centers, Inc. TCO 876664103 05/18/2005 Taubman Centers, Inc. TCO 876664103 05/18/2005 Taubman Centers, Inc. TCO 876664103 05/18/2005 Corporate Office Properties Trust, Inc. OFC 22002T108 05/19/2005 Corporate Office Properties Trust, Inc. OFC 22002T108 05/19/2005 BRE Properties, Inc. BRE 05664E106 05/19/2005 BRE Properties, Inc. BRE 05664E106 05/19/2005 BRE Properties, Inc. BRE 05664E106 05/19/2005 BRE Properties, Inc. BRE 05664E106 05/19/2005 BRE Properties, Inc. BRE 05664E106 05/19/2005 BRE Properties, Inc. BRE 05664E106 05/19/2005 BRE Properties, Inc. BRE 05664E106 05/19/2005 BRE Properties, Inc. BRE 05664E106 05/19/2005 BRE Properties, Inc. BRE 05664E106 05/19/2005 SL Green Realty Corp. SLG 78440X101 05/19/2005 SL Green Realty Corp. SLG 78440X101 05/19/2005 SL Green Realty Corp. SLG 78440X101 05/19/2005 SL Green Realty Corp. SLG 78440X101 05/19/2005 The Macerich Co. MAC 554382101 05/19/2005 The Macerich Co. MAC 554382101 05/19/2005 The Macerich Co. MAC 554382101 05/19/2005 The Macerich Co. MAC 554382101 05/19/2005 Ticker Matter Voted On TCO Elect Director Robert S. Taubman TCO Elect Director Lisa A. Payne TCO Approve Restricted Stock Plan TCO Approve Outside Director Stock Awards/Options in Lieu of Cash TCO Ratify Auditors OFC Elect Trustee Robert L. Denton OFC Elect Trustee Randall M. Griffin BRE Elect Director Robert A. Fiddaman BRE Elect Director L. Michael Foley BRE Elect Director Roger P. Kuppinger BRE Elect Director Matthew T. Medeiros BRE Elect Director Constance B. Moore BRE Elect Director Jeanne R. Myerson BRE Elect Director Gregory M. Simon BRE Increase Authorized Preferred Stock BRE Ratify Auditors SLG Elect Director Marc Holliday SLG Elect Director John S. Levy SLG Ratify Auditors SLG Approve Omnibus Stock Plan MAC Elect Director Dana K. Anderson MAC Elect Director Diana M. Laing MAC Elect Director Stanley A. Moore MAC Ratify Auditors Proposed by Issuer or S/H? Voted? Vote Was Vote For or Against Management? Issuer yes For For Issuer yes For For Issuer yes For For Issuer yes For For Issuer yes For For Issuer yes For For Issuer yes For For Issuer yes For For Issuer yes For For Issuer yes For For Issuer yes For For Issuer yes For For Issuer yes For For Issuer yes For For Issuer yes For For Issuer yes For For Issuer yes For For Issuer yes For For Issuer yes For For Issuer yes For For Issuer yes For For Issuer yes For For Issuer yes For For Issuer yes For For 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) Principal Real Estate Securities Fund, Inc. ------------------------------------------------------------------- By (Signature and Title) /s/ Ralph C. Eucher ------------------------------------------------------- Ralph C. Eucher President and Chief Executive Officer Date August 30, 2005 ---------------------------------------------------------------------------