UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number: 811-4338
HERITAGE CAPITAL APPRECIATION TRUST
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(Exact name of Registrant as Specified in Charter)
880 Carillon Parkway
St. Petersburg, FL 33716
(Address of Principal Executive Office) (Zip Code)
Registrant's Telephone Number, including Area Code: (727) 567-8143
STEPHEN G. HILL, PRESIDENT
880 Carillon Parkway
St. Petersburg, FL 33716
(Name and Address of Agent for Service)
Copy to:
CLIFFORD J. ALEXANDER, ESQ.
Kirkpatrick & Lockhart Preston Gates Ellis LLP
1601 K Street, NW
Washington, D.C. 20006
Date of fiscal year end: October 31
Date of Reporting Period: July 1, 2006 to June 30, 2007
ITEM 1. PROXY VOTING RECORD.
Heritage Capital Appreciation Trust
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Shareholder, Voted With How the
Management, or Against Fund
Heritage Ticker Meeting or Issuer Management Cast
Fund Name Cusip Symbol Issuer Name Date Issue Proposal Vote Voted?
Capital 760975102 RIMM Research In 7/18/2006 Elect Directors M With For Y
Appreciation Motion Ltd
Capital 760975102 RIMM Research In 7/18/2006 Approve Ernst & Young LLP as M With For Y
Appreciation Motion Ltd Auditors and Authorize Board to
Fix Remuneration of Auditors
Capital 285512109 ERTS Electronic 7/27/2006 Elect Directors M Split Split Y
Appreciation Arts Inc
Capital 285512109 ERTS Electronic 7/27/2006 Approve Repricing of Options M With For Y
Appreciation Arts Inc
Capital 285512109 ERTS Electronic 7/27/2006 Amend Omnibus Stock Plan M With For Y
Appreciation Arts Inc
Capital 285512109 ERTS Electronic 7/27/2006 Amend Qualified Employee Stock M With For Y
Appreciation Arts Inc Purchase Plan
Capital 285512109 ERTS Electronic 7/27/2006 Ratify Auditors M With For Y
Appreciation Arts Inc
Capital 585055106 MDT Medtronic Inc 8/24/2006 Elect Directors M Split Split Y
Appreciation
Capital 585055106 MDT Medtronic Inc 8/24/2006 Ratify Auditors M With For Y
Appreciation
Capital 585055106 MDT Medtronic Inc 8/24/2006 Require a Majority Vote for the S Against For Y
Appreciation Election of Directors
Capital 151313103 CAR Avis Budget 8/29/2006 Elect Directors M Split Split Y
Appreciation Group Inc
Capital 151313103 CAR Avis Budget 8/29/2006 Ratify Auditors M With For Y
Appreciation Group Inc
Capital 151313103 CAR Avis Budget 8/29/2006 Approve Reverse Stock Split M With For Y
Appreciation Group Inc
Capital 151313103 CAR Avis Budget 8/29/2006 Change Company Name M With For Y
Appreciation Group Inc
Capital 151313103 CAR Avis Budget 8/29/2006 Company Specific-Redesignation of M With For Y
Appreciation Group Inc Common Stock
Capital 151313103 CAR Avis Budget 8/29/2006 Reduce Authorized Common Stock M With For Y
Appreciation Group Inc
Capital 151313103 CAR Avis Budget 8/29/2006 Non-Employee Director Compensation S With Against Y
Appreciation Group Inc
Capital 151313103 CAR Avis Budget 8/29/2006 Submit Severance Agreement (Change S Against For Y
Appreciation Group Inc in Control) to shareholder Vote
Capital 313400301 FRE Freddie Mac 9/8/2006 Elect Directors M With For Y
Appreciation
Capital 313400301 FRE Freddie Mac 9/8/2006 Ratify Auditors M With For Y
Appreciation
Capital 313400301 FRE Freddie Mac 9/8/2006 Report on Charitable Contributions S With Against Y
Appreciation
Capital 535678106 LLTC Linear 11/1/2006 Elect Directors M Split Split Y
Appreciation Technology
Corp
Capital 535678106 LLTC Linear 11/1/2006 Ratify Auditors M With For Y
Appreciation Technology
Corp
Capital 594918104 MSFT Microsoft Corp 11/14/2006 Elect Directors M With For Y
Appreciation
Capital 594918104 MSFT Microsoft Corp 11/14/2006 Ratify Auditors M With For Y
Appreciation
Capital 594918104 MSFT Microsoft Corp 11/14/2006 Cease Product Sales that Can Be S With For Y
Appreciation Used to Violate Human Rights
Capital 594918104 MSFT Microsoft Corp 11/14/2006 Amend EEO Statement to Not S With For Y
Appreciation Reference Sexual Orientation
Capital 594918104 MSFT Microsoft Corp 11/14/2006 Establish Shareholder Advisory S With For Y
Appreciation Committee
Capital 228227104 CCI Crown Castle 1/11/2007 Approve Merger Agreement M With F Y
Appreciation International
Corp
Capital 747525103 QCOM QUALCOMM Inc 3/13/2007 Elect Directors M With F Y
Appreciation
Capital 747525103 QCOM QUALCOMM Inc 3/13/2007 Ratify Auditors M With F Y
Appreciation
Capital 413619107 HET Harrah's 4/5/2007 Approve Merger Agreement M With For Y
Appreciation Entertainment
Inc
Capital 413619107 HET Harrah's 4/5/2007 Adjourn Meeting M With For Y
Appreciation Entertainment
Inc
Capital 64057102 BK The Bank of 4/10/2007 Elect Directors M With For Y
Appreciation New York
Capital 64057102 BK The Bank of 4/10/2007 Ratify Auditors M With For Y
Appreciation New York
Capital 64057102 BK The Bank of 4/10/2007 Amend Vote Requirements to Amend S Against For Y
Appreciation New York Articles/Bylaws/Charter
Capital 64057102 BK The Bank of 4/10/2007 Restore or Provide for Cumulative S Against For Y
Appreciation New York Voting
Capital 64057102 BK The Bank of 4/10/2007 Advisory Vote to Ratify Named S Against For Y
Appreciation New York Executive Officers Compensation
Capital 806857108 SLB Schlumberger 4/11/2007 Elect Directors M With For Y
Appreciation Ltd
Capital 806857108 SLB Schlumberger 4/11/2007 Adoption and approval of M With For Y
Appreciation Ltd financials and dividends
Capital 806857108 SLB Schlumberger 4/11/2007 Approval of Independent Registered M With For Y
Appreciation Ltd Public accounting firm
Capital 867914103 STI Sun Trust 4/17/2007 Elect Directors M Split Split Y
Appreciation Banks Inc
Capital 867914103 STI Sun Trust 4/17/2007 Amend Rights and Preferences of M With For Y
Appreciation Banks Inc Preferred Stock
Capital 867914103 STI Sun Trust 4/17/2007 Declassify the Board of Directors M With For Y
Appreciation Banks Inc
Capital 867914103 STI Sun Trust 4/17/2007 Require a Majority Vote for the S Against For Y
Appreciation Banks Inc Election of Directors
Capital 867914103 STI Sun Trust 4/17/2007 Ratify Auditors M With For Y
Appreciation Banks Inc
Capital 368710406 DNA Genentech Inc 4/20/2007 Elect Directors M Split Split Y
Appreciation
Capital 368710406 DNA Genentech Inc 4/20/2007 Ratify Auditors M With For Y
Appreciation
Capital 25816109 AXP American 4/23/2007 Elect Directors M With For Y
Appreciation Express Co
Capital 25816109 AXP American 4/23/2007 Ratify Auditors M With For Y
Appreciation Express Co
Capital 25816109 AXP American 4/23/2007 Approve Omnibus Stock Plan M With For Y
Appreciation Express Co
Capital 25816109 AXP American 4/23/2007 Provide for Cumulative Voting S Against For Y
Appreciation Express Co
Capital 369604103 GE General 4/25/2007 Elect Directors M Split Split Y
Appreciation Electric Co
Capital 369604103 GE General 4/25/2007 Ratify Auditors M With For Y
Appreciation Electric Co
Capital 369604103 GE General 4/25/2007 Adopt Majority Vote Standard in M With For Y
Appreciation Electric Co Director Elections
Capital 369604103 GE General 4/25/2007 Approve Omnibus Stock Plan M With For Y
Appreciation Electric Co
Capital 369604103 GE General 4/25/2007 Company-Specific-Approve Material M With For Y
Appreciation Electric Co Terms of Senior Officer
Performance Goals
Capital 369604103 GE General 4/25/2007 Provide for Cumulative Voting S Against For Y
Appreciation Electric Co
Capital 369604103 GE General 4/25/2007 Company-Specific -- Adopt Policy S Against For Y
Appreciation Electric Co on Overboarded Directors
Capital 369604103 GE General 4/25/2007 Company-Specific -- One Director S With Against Y
Appreciation Electric Co from the Ranks of Retirees
Capital 369604103 GE General 4/25/2007 Separate Chairman and CEO S Against For Y
Appreciation Electric Co Positions
Capital 369604103 GE General 4/25/2007 Limit Dividend and Dividend S Against For Y
Appreciation Electric Co Equivalent Payments to Executives
Capital 369604103 GE General 4/25/2007 Report on Charitable Contributions S With Against Y
Appreciation Electric Co
Capital 369604103 GE General 4/25/2007 Report on Global Warming S With Against Y
Appreciation Electric Co
Capital 369604103 GE General 4/25/2007 Adopt Ethical Criteria for S With Against Y
Appreciation Electric Co Military Contracts
Capital 369604103 GE General 4/25/2007 Report on Pay Disparity S With Against Y
Appreciation Electric Co
Capital 580645109 MHP The McGraw- 4/25/2007 Elect Directors M With For Y
Appreciation Hill Companies
Capital 580645109 MHP The McGraw- 4/25/2007 Ratify Auditors M With For Y
Appreciation Hill Companies
Capital 580645109 MHP The McGraw- 4/25/2007 Declassify the Board of Directors S Against For Y
Appreciation Hill Companies
Capital 580645109 MHP The McGraw- 4/25/2007 Amend Vote Requirements to Amend S Against For Y
Appreciation Hill Companies Articles/Bylaws/Charter
Capital 580645109 MHP The McGraw- 4/25/2007 Political Contributions/Activities S Against For Y
Appreciation Hill Companies
Capital 57224107 BHI Baker Hughes 4/26/2007 Elect Directors M With For Y
Appreciation Corp
Capital 57224107 BHI Baker Hughes 4/26/2007 Ratify Auditors M With For Y
Appreciation Corp
Capital 57224107 BHI Baker Hughes 4/26/2007 Reduce Supermajority Vote M With For Y
Appreciation Corp Requirement
Capital 413619107 HET Harah's 4/26/2007 Elect Directors M With For Y
Appreciation Entertainment
Inc
Capital 413619107 HET Harah's 4/26/2007 Ratify Auditors M With For Y
Appreciation Entertainment
Inc
Capital 713448108 PEP PepsiCo Inc 5/2/2007 Elect Directors M With For Y
Appreciation
Capital 713448108 PEP PepsiCo Inc 5/2/2007 Ratify Auditors M With For Y
Appreciation
Capital 713448108 PEP PepsiCo Inc 5/2/2007 Approve Omnibus Stock Plan M With For Y
Appreciation
Capital 713448108 PEP PepsiCo Inc 5/2/2007 Report on Charitable Contributions S Against For Y
Appreciation
Capital 29912201 AMT American Tower 5/7/2007 Elect Directors M With For Y
Appreciation Corp
Capital 29912201 AMT American Tower 5/7/2007 Approve Omnibus Stock Plan M With For Y
Appreciation Corp
Capital 29912201 AMT American Tower 5/7/2007 Ratify Auditors M With For Y
Appreciation Corp
Capital 852061100 S Sprint Nextell 5/8/2007 Elect Directors M With For Y
Appreciation Corp
Capital 852061100 S Sprint Nextell 5/8/2007 Ratify Auditors M With For Y
Appreciation Corp
Capital 852061100 S Sprint Nextell 5/8/2007 Approve Omnibus Stock Plan M With For Y
Appreciation Corp
Capital 852061100 S Sprint Nextell 5/8/2007 Advisory Vote to Ratify Named S Against For Y
Appreciation Corp Executive Officers Compensation
Capital 126650100 CVS CVS Caremark 5/9/2007 Elect Directors M Split Split Y
Appreciation Corp
Capital 126650100 CVS CVS Caremark 5/9/2007 Ratify Auditors M With For Y
Appreciation Corp
Capital 126650100 CVS CVS Caremark 5/9/2007 Approve Qualified Employee Stock M With For Y
Appreciation Corp Purchase Plan
Capital 126650100 CVS CVS Caremark 5/9/2007 Approve Executive Incentive Bonus M With For Y
Appreciation Corp Plan
Capital 126650100 CVS CVS Caremark 5/9/2007 Limit Executive Compensation S With Against Y
Appreciation Corp
Capital 126650100 CVS CVS Caremark 5/9/2007 Separate Chairman and CEO S Against For Y
Appreciation Corp Positions
Capital 126650100 CVS CVS Caremark 5/9/2007 Prepare Sustainability Report S Against For Y
Appreciation Corp
Capital 126650100 CVS CVS Caremark 5/9/2007 Disclose Information on S Against For Y
Appreciation Corp Compensation Consultant
Capital 126650100 CVS CVS Caremark 5/9/2007 Compensation Specific- Policy on S Against For Y
Appreciation Corp Stock Option Grants/Option
Backdating
Capital 38259P508 GOOG Google Inc 5/10/2007 Elect Directors M With For Y
Appreciation
Capital 38259P508 GOOG Google Inc 5/10/2007 Ratify Auditors M With For Y
Appreciation
Capital 38259P508 GOOG Google Inc 5/10/2007 Amend Omnibus Stock Plan M Against Against Y
Appreciation
Capital 38259P508 GOOG Google Inc 5/10/2007 Approve Executive Incentive Bonus M With For Y
Appreciation Plan
Capital 38259P508 GOOG Google Inc 5/10/2007 Adopt Policies to Protect Freedom S With Against Y
Appreciation of Access to the Internet
Capital 959802109 WU Western Union 5/10/2007 Elect Directors M With For Y
Appreciation Co
Capital 959802109 WU Western Union 5/10/2007 Approve Omnibus Stock Plan M With For Y
Appreciation Co
Capital 959802109 WU Western Union 5/10/2007 Approve Executive Incentive Bonus M With For Y
Appreciation Co Plan
Capital 959802109 WU Western Union 5/10/2007 Ratify Auditors M With For Y
Appreciation Co
Capital 808513105 SCHW The Charles 5/17/2007 Elect Directors M With For Y
Appreciation Schwab Corp
Capital 808513105 SCHW The Charles 5/17/2007 Approve Qualified Employee Stock M With For Y
Appreciation Schwab Corp Purchase Plan
Capital 808513105 SCHW The Charles 5/17/2007 Amend Omnibus Stock Plan M With For Y
Appreciation Schwab Corp
Capital 808513105 SCHW The Charles 5/17/2007 Report on Political Contributions S Against For Y
Appreciation Schwab Corp
Capital 808513105 SCHW The Charles 5/17/2007 Require a Majority Vote for the S Against For Y
Appreciation Schwab Corp Election of Directors
Capital 228227104 CCI Crown Castle 5/24/2007 Elect Directors M Split Split Y
Appreciation International
Corp
Capital 228227104 CCI Crown Castle 5/24/2007 Amend Omnibus Stock Plan M With For Y
Appreciation International
Corp
Capital 228227104 CCI Crown Castle 5/24/2007 Eliminate Class of Common Stock M With For Y
Appreciation International
Corp
Capital 228227104 CCI Crown Castle 5/24/2007 Ratify Auditors M With For Y
Appreciation International
Corp
Capital 432848109 HLT Hilton Hotels 5/24/2007 Elect Directors M With For Y
Appreciation Corp
Capital 432848109 HLT Hilton Hotels 5/24/2007 Ratify Auditors M With For Y
Appreciation Corp
Capital 432848109 HLT Hilton Hotels 5/24/2007 Separate Chairman and CEO S With Against Y
Appreciation Corp Positions
Capital 437076102 HD Home Depot Inc 5/24/2007 Elect Directors M Split Split Y
Appreciation
Capital 437076102 HD Home Depot Inc 5/24/2007 Ratify Auditors M With For Y
Appreciation
Capital 437076102 HD Home Depot Inc 5/24/2007 Submit Shareholder Rights Plan S With Against Y
Appreciation (Poison Pill) to Shareholder Vote
Capital 437076102 HD Home Depot Inc 5/24/2007 Prepare Employment Diversity S Against For Y
Appreciation Report
Capital 437076102 HD Home Depot Inc 5/24/2007 Advisory Vote to Ratify Named S Against For Y
Appreciation Executive Officers Compensation
Capital 437076102 HD Home Depot Inc 5/24/2007 Claw-back of Payments under S Against Against Y
Appreciation Restatements
Capital 437076102 HD Home Depot Inc 5/24/2007 Submit Supplemental Executive S Against For Y
Appreciation Retirement Plans to Shareholder
vote
Capital 437076102 HD Home Depot Inc 5/24/2007 Performance-Based Equity Awards S Against For Y
Appreciation
Capital 437076102 HD Home Depot Inc 5/24/2007 Pay for Superior Performance S Against For Y
Appreciation
Capital 437076102 HD Home Depot Inc 5/24/2007 Affirm Political Non-partisanship S Against Against Y
Appreciation
Capital 437076102 HD Home Depot Inc 5/24/2007 Separate Chairman and CEO S Against For Y
Appreciation Positions
Capital 512815101 LAMR Lamar 5/24/2007 Elect Directors M With For Y
Appreciation Advertising Co
Capital 512815101 LAMR Lamar 5/24/2007 Ratify Auditors M With For Y
Appreciation Advertising Co
Capital 87612E106 TGT Target Corp 5/24/2007 Elect Directors M With For Y
Appreciation
Capital 87612E106 TGT Target Corp 5/24/2007 Ratify Auditors M With For Y
Appreciation
Capital 87612E106 TGT Target Corp 5/24/2007 Approve Executive Incentive Bonus M With For Y
Appreciation Plan
Capital 87612E106 TGT Target Corp 5/24/2007 Company Specific- Require Majority M With For Y
Appreciation Vote for the Election of Directors
Capital 87612E106 TGT Target Corp 5/24/2007 Report on Political Contributions S Against For Y
Appreciation
Capital 319963104 FDC First Data 5/30/2007 Elect Directors M With For Y
Appreciation Corp
Capital 319963104 FDC First Data 5/30/2007 Amend Qualified Employee Stock M With For Y
Appreciation Corp Purchase Plan
Capital 319963104 FDC First Data 5/30/2007 Approve Non-Employee Director M With For Y
Appreciation Corp Omnibus Stock Plan
Capital 319963104 FDC First Data 5/30/2007 Amend Omnibus Stock Plan M With For Y
Appreciation Corp
Capital 319963104 FDC First Data 5/30/2007 Ratify Auditors M With For Y
Appreciation Corp
Capital 29382R107 EVC Entravision 5/31/2007 Elect Directors M With For Y
Appreciation Communication
Capital 29382R107 EVC Entravision 5/31/2007 Ratify Auditors M With For Y
Appreciation Communication
Capital 313400301 FRE Freddie Mac 6/8/2007 Elect Directors M With For Y
Appreciation
Capital 313400301 FRE Freddie Mac 6/8/2007 Ratify Auditors M With For Y
Appreciation
Capital 313400301 FRE Freddie Mac 6/8/2007 Amend Omnibus Stock Plan M With For Y
Appreciation
Capital 151020104 CELG Celgene Corp 6/12/2007 Elect Directors M With For Y
Appreciation
Capital 151020104 CELG Celgene Corp 6/12/2007 Ratify Auditors M With For Y
Appreciation
Capital 984332106 YHOO Yahoo! Inc 6/12/2007 Elect Directors M Split Split Y
Appreciation
Capital 984332106 YHOO Yahoo! Inc 6/12/2007 Amend Omnibus Stock Plan M With For Y
Appreciation
Capital 984332106 YHOO Yahoo! Inc 6/12/2007 Amend Qualified Employee Stock M With For Y
Appreciation Purchase Plan
Capital 984332106 YHOO Yahoo! Inc 6/12/2007 Ratify Auditors M With For Y
Appreciation
Capital 984332106 YHOO Yahoo! Inc 6/12/2007 Pay For Superior Performance M With Against Y
Appreciation
Capital 984332106 YHOO Yahoo! Inc 6/12/2007 Adopt Policies to Protect Freedom M With Against Y
Appreciation of Access to the Internet
Capital 984332106 YHOO Yahoo! Inc 6/12/2007 Amend Bylaws to Establish a Board M With Against Y
Appreciation Committee on Human Rights
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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.
Heritage Capital Appreciation Trust
By: /s/ Mathew J. Calabro
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Mathew J. Calabro
Principal Executive Officer
Date: August 28, 2007
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