UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-09709
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Highland Floating Rate Advantage Fund
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(Exact name of registrant as specified in charter)
13455 Noel Road, Suite 1300
Dallas, TX 75240
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(Address of principal executive offices) (Zip code)
James D. Dondero
Highland Capital Management, L.P.
13455 Noel Road, Suite 1300
Dallas, TX 75240
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(Name and address of agent for service)
Registrant's telephone number, including area code: (877) 532-2834
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Date of fiscal year end: August 31
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Date of reporting period: July 1, 2004 - June 30, 2005
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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 there under (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.
PROXY VOTING RECORD
FOR PERIOD JULY 1, 2004 TO JUNE 30, 2005
HIGHLAND FLOATING RATE ADVANTAGE FUND
SUN HEALTHCARE GROUP, INC.
Ticker: SUNH Security ID: 866933401
Meeting Date: May 19, 2005 Meeting Type: Annual
# PROPOSAL MGT REC VOTE CAST SPONSOR
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1.1 Elect Director Gregory S. Anderson No vote No vote Management
1.2 Elect Director Tony M. Astorga No vote No vote Management
1.3 Elect Director John M. Finlayson No vote No vote Management
1.4 Elect Director Christian K. Bement No vote No vote Management
1.5 Elect Director Steven M. Looney No vote No vote Management
1.6 Elect Director Richard K. Matros No vote No vote Management
2 Ratify Appointment of Independent Auditors No vote No vote Management
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 Highland Floating Rate Advantage Fund
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By (Signature and Title)* /s/ James D. Dondero
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James D. Dondero, Chief Executive Officer
(Principal Executive Officer)
Date August 24, 2005
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*Print the name and title of each signing officer under his or her signature.