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 811-09243
---------------------------------------
The Gabelli Utility Trust
--------------------------------------------------------------
(Exact name of registrant as specified in charter)
One Corporate Center
Rye, NY 10580-1422
-------------------------------------------------------
(Address of principal executive offices) (Zip code)
Bruce N. Alpert
Gabelli Funds, LLC
One Corporate Center
Rye, NY 10580-1422
-------------------------------------------------
(Name and address of agent for service)
Registrant's telephone number, including area code: 1-800-422-3554
------------------------
Date of fiscal year end: December 31
--------------------
Date of reporting period: July 1, 2004 - June 30, 2005
------------------------------
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
- ------------------------------------------------------------------------------------------------------------------------------------
BT GROUP PLC BTY Annual Meeting Date: 07/14/2004
Issuer: 05577E ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 REPORTS AND ACCOUNTS. Management For For No
02 REMUNERATION REPORT. Management For For No
03 FINAL DIVIDEND. Management For For No
04 RE-ELECT SIR CHRISTOPHER BLAND. Management For For No
05 RE-ELECT ANDY GREEN. Management For For No
06 RE-ELECT IAN LIVINGSTON. Management For For No
07 RE-ELECT JOHN NELSON. Management For For No
08 REAPPOINTMENT AND REMUNERATION OF AUDITORS. Management For For No
09 AUTHORITY TO ALLOT SHARES. Management For For No
10 AUTHORITY TO ALLOT SHARES FOR CASH. (SPECIAL Management For For No
RESOLUTION)
11 AUTHORITY TO PURCHASE OWN SHARES. (SPECIAL RESOLUTION) Management For For No
12 AUTHORITY FOR POLITICAL DONATIONS. Management For For No
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 101 32,000 32,000 32,000 6/22/2004
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
MMO2 PLC OOM Annual Meeting Date: 07/28/2004
Issuer: 55309W ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
11 ADOPT MMO2 DEFERRED EQUITY INCENTIVE PLAN Management For For No
10 AUTHORITY TO PURCHASE OWN SHARES (SPECIAL RESOLUTION) Management For For No
09 POWER TO ALLOT SHARES FOR CASH (SPECIAL RESOLUTION) Management For For No
08 AUTHORITY TO ALLOT SHARES Management For For No
07 REMUNERATION OF AUDITORS Management For For No
06 RE-APPOINTMENT OF AUDITORS Management For For No
05 RE-ELECT ANDREW SUKAWATY Management For For No
04 RE-ELECT STEPHEN HODGE Management For For No
03 RE-ELECT DAVID FINCH Management For For No
02 REMUNERATION REPORT Management For For No
01 REPORT AND ACCOUNTS Management For For No
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 101 38,000 38,000 38,000 7/21/2004
UTILITY
TRUST
GABELLI B01GETF0037002B 101 2,000 2,000 2,000 7/28/2004
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
PANAMSAT CORPORATION SPOT Annual Meeting Date: 08/13/2004
Issuer: 697933 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
02 DIRECTOR Management For No
MR. CAREY Management For For
MR. CHURCHILL Management For For
MR. COSTELLO Management For For
MR. DOYLE Management For For
MR. HARTENSTEIN Management For For
MR. HIGHTOWER Management For For
MR. HOAK Management For For
MR. HUNTER Management For For
MR. KAHN Management For For
MR. WRIGHT Management For For
01 A PROPOSAL TO ADOPT THE TRANSACTION AGREEMENT Management For For No
BY AND AMONG PANAMSAT CORPORATION, THE DIRECTV GROUP,
INC., PAS MERGER SUB, INC., AND CONSTELLATION, LLC, AN
ACQUISITION VEHICLE AFFILIATED WITH KOHLBERG KRAVIS
ROBERTS & CO. L.P., PURSUANT TO WHICH, AMONG OTHER
THINGS, PAS MERGER SUB, INC. WILL MERGE WITH AND INTO
PANAMSAT CORPORATION.
03 RATIFICATION OF SELECTION OF DELOITTE & TOUCHE Management For For No
LLP AS INDEPENDENT PUBLIC ACCOUNTANTS FOR THE
FISCAL YEAR ENDING DECEMBER 31, 2004.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 109 55,000 55,000 55,000 8/4/2004
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
FRANCE TELECOM FTE Special Meeting Date: 09/01/2004
Issuer: 35177Q ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
05 DELEGATION TO THE BOARD OF DIRECTORS TO ISSUE Management For For No
THE SHARE SUBSCRIPTION AND/OR PURCHASE OPTIONS
04 DELEGATION TO THE BOARD OF DIRECTORS TO ISSUE Management For For No
SHARES RESERVED FOR PERSONS WHO SIGNED A LIQUIDITY
CONTRACT WITH THE COMPANY IN THEIR CAPACITY AS
HOLDERS OF SHARES OR STOCK OPTIONS OF ORANGE S.A.
03 NOTING THE DEFINITIVE COMPLETION OF THE MERGER Management For For No
BY ABSORPTION OF WANADOO BY THE COMPANY AND THE
DISSOLUTION OF WANADOO
02 ASSUMPTION OF STOCK OPTIONS OF WANADOO Management For For No
01 APPROVAL OF THE MERGER BY ABSORPTION OF WANADOO Management For For No
BY THE COMPANY
08 POWERS Management For For No
07 MODIFICATION TO THE AUTHORIZATION TO THE BOARD Management For For No
OF DIRECTORS TO PURCHASE, RETAIN OR TRANSFER FRANCE
TELECOM SHARES AS GRANTED BY THE SHAREHOLDERS IN
THEIR ORDINARY GENERAL MEETING ON APRIL 9, 2004
06 DELEGATION TO THE BOARD OF DIRECTORS TO ISSUE Management For For No
SHARES OR SECURITIES GIVING ACCESS TO THE COMPANYS
SHARE CAPITAL FOR THE BENEFIT OF MEMBERS OF A FRANCE
TELECOM GROUP COMPANY SAVINGS PLAN
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 105 2,000 2,000 2,000 8/20/2004
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
CAPSTONE TURBINE CORPORATION CPST Annual Meeting Date: 09/10/2004
Issuer: 14067D ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
02 TO APPROVE CAPSTONE TURBINE CORPORATION AMENDED Management Against Against No
AND RESTATED 2000 EQUITY INCENTIVE PLAN AS AMENDED
TO ADD 2,380,000 SHARES.
01 DIRECTOR Management For No
ELIOT G. PROTSCH Management For For
CARMINE BOSCO Management For For
RICHARD DONNELLY Management For For
JOHN JAGGERS Management For For
DENNIS SCHIFFEL Management For For
JOHN TUCKER Management For For
ERIC YOUNG Management For For
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 102 50,000 50,000 50,000 8/25/2004
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
HERA SPA, BOLOGNA HERASF.PK EGM Meeting Date: 10/04/2004
Issuer: T5250M106 ISIN: IT0001250932 BLOCKING
SEDOL: 7620508, B020CX4, 7598003
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
* PLEASE NOTE IN THE EVENT THE MEETING DOES NOT Non-Voting *Management Position Unknown No
REACH QUORUM, THERE WILL BE A SECOND CALL ON 05 OCT
2004. CONSEQUENTLY, YOUR VOTING INSTRUCTIONS WILL
REMAIN VALID FOR ALL CALLS UNLESS THE AGENDA IS
AMENDED. PLEASE BE ALSO ADVISED THAT YOUR SHARES
WILL BE BLOCKED UNTIL THE QUORUM IS MET OR THE
MEETING IS CANCELLED. THANK YOU
* PLEASE NOTE THAT THIS IS AN AMENDMENT TO MEETING Non-Voting *Management Position Unknown No
177764 DUE TO AN ADDITIONAL RESOLUTION. ALL VOTES
RECEIVED ON THE PREVIOUS MEETING WILL BE DISREGARDED
AND YOU WILL NEED TO REINSTRUCT ON THIS MEETING
NOTICE. THANK YOU.
1. APPROVE THE MERGER BY INCORPORATION PROJECT OF Management For *Management Position Unknown No
AGEA S.P.A. INTO HERA S.P.A. AND THE SPIN-OFF
PROJECT OF ACOSEA S.P.A. IN FAVOUR OF HERA S.P.A.
AND A NEW COMPANY NAMED ACOSEA IMPIANTI AND APPROVE
THE INCREASE INHERA STOCK CAPITAL FROM EUR
793,202,121 TO A MAXIMUM AMOUNT OF EUR 839,903,881
BY ISSUING MAXIMUM NUMBER 46,701,760 ORDINARY SHARES
FACE VALUE EUR 1.00 , TO BE RESERVED TO THE ABOVE
PROJECTS
2. AMEND THE ARTICLE 16 OF THE BYLAWS BOARD OF Management For *Management Position Unknown No
DIRECTORS POWERS
3. AMEND THE ARTICLE 17 OF THE BYLAWS BOARD OF Management For *Management Position Unknown No
DIRECTORS APPOINTMENT
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI GETF0037002 300,000 300,000 300,000 9/29/2004
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
NUI CORPORATION NUI Annual Meeting Date: 10/21/2004
Issuer: 629431 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
03 TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS Management For For No
LLP AS NUI S INDEPENDENT PUBLIC ACCOUNTANT FOR
THE FISCAL YEARS ENDING SEPTEMBER 30, 2004 AND
2005.
02 TO ADOPT THE AGREEMENT AND PLAN OF MERGER, DATED Management For For No
AS OF JULY 14, 2004, BY AND AMONG AGL RESOURCES
INC., NUI CORPORATION AND COUGAR CORPORATION.
01 DIRECTOR Management For No
ROBERT P. KENNEY Management For For
DR. BERNARD S. LEE Management For For
CRAIG G. MATTHEWS Management For For
STEVEN D. OVERLY Management For For
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 107 70,500 70,500 70,500 10/19/2004
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
THE NEWS CORPORATION LIMITED NWS Annual Meeting Date: 10/26/2004
Issuer: 652487 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 SHARE SCHEME MEETING OF PREFERRED SHAREHOLDERS. Management For For No
APPROVAL OF THE SHARE SCHEME DESCRIBED IN THE
INFORMATION MEMORANDUM.
ADS IF YOU MARK THE AGAINST BOX, YOU WILL NOT VOTE Management For For No
AS REGISTERED LEGAL OWNER OF NEWSCORP SHARES
AND YOUR VOTE WILL NOT BE COUNTED IN DETERMINING
WHETHER THE SHARE SCHEME IS APPROVED BY A MAJORITY
IN NUMBER OF SHAREHOLDERS VOTING AT THE MEETINGS.
02 CAPITAL REDUCTION MEETING. APPROVAL OF THE CAPITAL Management For For No
REDUCTION BY CANCELLATION OF ALL SHARES IN THE
COMPANY.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 802 3,682 3,682 3,682 10/13/2004
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
SOUTHERN UNION COMPANY SUG Annual Meeting Date: 10/28/2004
Issuer: 844030 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
KURT A. GITTER Management For For
ADAM M. LINDEMANN Management For For
GEORGE ROUNTREE Management For For
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 106 112,695 112,695 112,695 10/26/2004
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
THE ROUSE COMPANY RSE Special Meeting Date: 11/09/2004
Issuer: 779273 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
B PROPOSAL TO APPROVE AN ADJOURNMENT OF THE SPECIAL Management For For No
MEETING, IF NECESSARY, TO SOLICIT ADDITIONAL
PROXIES IN FAVOR OF THE MERGER.
A PROPOSAL TO APPROVE THE MERGER BETWEEN THE ROUSE Management For For No
COMPANY AND RED ACQUISITION, LLC, A SUBSIDIARY
OF GENERAL GROWTH PROPERTIES, INC., SUBSTANTIALLY
ON THE TERMS SET FORTH IN THE AGREEMENT AND PLAN
OF MERGER, DATED AS OF AUGUST 19, 2004, ATTACHED
TO THE PROXY STATEMENT AS ANNEX A, AS MORE FULLY
DESCRIBED IN THE ACCOMPANYING PROXY STATEMENT.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 101 70,000 70,000 70,000 11/3/2004
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
DELTA NATURAL GAS COMPANY, INC. DGAS Annual Meeting Date: 11/18/2004
Issuer: 247748 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
DONALD R. CROWE Management For For
LANNY D. GREER Management For For
BILLY JOE HALL Management For For
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 106 29,700 29,700 29,700 10/26/2004
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
EL PASO CORPORATION EP Annual Meeting Date: 11/18/2004
Issuer: 28336L ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
JOHN M. BISSELL Management For For
JUAN CARLOS BRANIFF Management For For
JAMES L. DUNLAP Management For For
DOUGLAS L. FOSHEE Management For For
ROBERT W. GOLDMAN Management For For
ANTHONY W. HALL, JR. Management For For
THOMAS R. HIX Management For For
WILLIAM H. JOYCE Management For For
RONALD L. KUEHN, JR. Management For For
J. MICHAEL TALBERT Management For For
JOHN L. WHITMIRE Management For For
JOE B. WYATT Management For For
03 APPROVAL OF STOCKHOLDER PROPOSAL REGARDING EXPENSING Shareholder Against For No
COSTS OF ALL FUTURE STOCK OPTIONS IN THE ANNUAL
INCOME STATEMENT.
04 APPROVAL OF STOCKHOLDER PROPOSAL REGARDING Shareholder Against For No
COMMONSENSE EXECUTIVE COMPENSATION.
02 RATIFICATION OF THE APPOINTMENT OF Management For For No
PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT CERTIFIED
PUBLIC ACCOUNTANTS FOR FISCAL YEAR ENDING DECEMBER
31, 2004.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 109 145,000 145,000 145,000 11/17/2004
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
DPL INC. DPL Annual Meeting Date: 12/22/2004
Issuer: 233293 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
03 SHAREHOLDER PROPOSAL. Shareholder Against For No
02 RATIFICATION OF KPMG LLP AS INDEPENDENT AUDITORS. Management For For No
01 DIRECTOR Management For No
ROBERT D. BIGGS Management For For
GLENN E. HARDER Management For For
W AUGUST HILLENBRAND Management For For
NED J. SIFFERLEN Management For For
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 109 110,000 110,000 110,000 12/16/2004
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
RGC RESOURCES, INC. RGCO Annual Meeting Date: 01/24/2005
Issuer: 74955L ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
J. ALLEN LAYMAN Management For For
NANCY H. AGEE Management For For
RAYMOND D. SMOOT, JR. Management For For
02 TO RATIFY THE SELECTION OF DELOITTE & TOUCHE Management For For No
LLP AS INDEPENDENT AUDITORS.
03 TO ADOPT THE AMENDED AND RESTATED STOCK BONUS Management For For No
PLAN.
04 AUTHORIZE THE PROXIES TO VOTE ON SUCH OTHER BUSINESS, Management For For No
IF ANY, THAT MAY PROPERLY COME BEFORE THE MEETING.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 103 6,000 6,000 6,000 1/21/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
ENERGYSOUTH, INC. ENSI Annual Meeting Date: 01/28/2005
Issuer: 292970 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
02 APPROVAL OF 2005 AMENDMENT OF RESTATED ARTICLES Management For For No
OF INCORPORATION AS DESCRIBED IN PROXY STATEMENT
01 DIRECTOR Management For No
WALTER A. BELL Management For For
GAYLORD C. LYON Management For For
HARRIS V. MORRISSETTE Management For For
E.B. PEEBLES, JR. Management For For
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 100 16,500 16,500 16,500 1/21/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
ATMOS ENERGY CORPORATION ATO Annual Meeting Date: 02/09/2005
Issuer: 049560 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
02 APPROVAL OF THE AMENDMENT TO THE ARTICLES OF Management For For No
INCORPORATION TO INCREASE THE NUMBER OF AUTHORIZED
SHARES OF COMMON STOCK TO 200,000,000 SHARES
FROM 100,000,000 SHARES.
01 DIRECTOR Management For No
TRAVIS W. BAIN, II* Management For For
DAN BUSBEE* Management For For
RICHARD K. GORDON* Management For For
GENE C. KOONCE* Management For For
NANCY K. QUINN** Management For For
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 105 55,000 55,000 55,000 2/4/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
CASCADE NATURAL GAS CORPORATION CGC Annual Meeting Date: 02/11/2005
Issuer: 147339 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
S.M. BOGGS Management For For
P.H. BORLAND Management For For
C. BURNHAM, JR. Management For For
T.E. CRONIN Management For For
D.A. EDERER Management For For
W.B. MATSUYAMA Management For For
L.L. PINNT Management For For
B.G. RAGEN Management For For
D.G. THOMAS Management For For
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 105 30,000 30,000 30,000 2/4/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
MMO2 PLC OOM Special Meeting Date: 02/14/2005
Issuer: 55309W ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
C1 FOR OR AGAINST THE SAID SCHEME Management For For No
EO2 TO ELECT PATRICK LUPO AS A DIRECTOR OF THE COMPANY. Management For For No
EO1 TO APPROVE THE AMENDMENTS TO THE RULES OF THE Management For For No
EMPLOYEE SHARE PLANS IN THE MANNER DESCRIBED IN
PARAGRAPH 11 OF PART 3 OF THE CIRCULAR TO
SHAREHOLDERS DATED JANUARY 12, 2005, AND THE
RENAMING OF THOSE PLANS TO A NAME PREFACED BY O2
RATHER THAN MMO2 .
ES1 TO APPROVE THE COMPANY S SCHEME OF ARRANGEMENT, Management For For No
THE O2 PLC REDUCTION OF CAPTIAL AND RELATED MATTERS.*
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 101 38,000 38,000 38,000 2/3/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
NATIONAL FUEL GAS COMPANY NFG Annual Meeting Date: 02/17/2005
Issuer: 636180 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
ROBERT T. BRADY* Management For For
ROLLAND E. KIDDER* Management For For
RICHARD G. REITEN** Management For For
CRAIG G. MATTHEWS** Management For For
02 APPOINTMENT OF AN INDEPENDENT REGISTERED PUBLIC Management For For No
ACCOUNTING FIRM.
03 APPROVAL OF AMENDMENTS TO THE COMPANY S RESTATED Management Against Against No
CERTIFICATE OF INCORPORATION.
04 ADOPTION OF, IF PRESENTED AT THE MEETING, A SHAREHOLDER Shareholder Against For No
PROPOSAL.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 101 90,000 90,000 90,000 2/14/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
IONICS, INCORPORATED ION Special Meeting Date: 02/22/2005
Issuer: 462218 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
02 TO GRANT THE PERSONS NAMED AS PROXIES DISCRETIONARY Management For For No
AUTHORITY TO VOTE TO ADJOURN THE SPECIAL MEETING,
IF NECESSARY, TO SATISFY THE CONDITIONS TO COMPLETING
THE MERGER AS SET FORTH IN THE AGREEMENT AND
PLAN OF MERGER, INCLUDING FOR THE PURPOSE OF
SOLICITING PROXIES TO VOTE IN FAVOR OF THE AGREEMENT
AND PLAN OF MERGER.
01 TO APPROVE THE AGREEMENT AND PLAN OF MERGER, Management For For No
DATED AS OF NOVEMBER 24, 2004, AMONG GENERAL
ELECTRIC COMPANY, TRITON ACQUISITION CORP., AN
INDIRECT WHOLLY-OWNED SUBSIDIARY OF GENERAL ELECTRIC
COMPANY, AND IONICS.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 108 10,000 10,000 10,000 2/16/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
PEOPLES ENERGY CORPORATION PGL Annual Meeting Date: 02/25/2005
Issuer: 711030 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
K.E. BAILEY Management For For
J.R. BORIS Management For For
W.J. BRODSKY Management For For
P. CAFFERTY Management For For
D.S. FERGUSON Management For For
J.W. HIGGINS Management For For
D.C. JAIN Management For For
M.E. LAVIN Management For For
H.J. LIVINGSTON, JR. Management For For
T.M. PATRICK Management For For
R.P. TOFT Management For For
A.R. VELASQUEZ Management For For
02 APPROVAL OF SHAREHOLDER PROPOSAL Management For *Management Position Unknown No
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 106 45,000 45,000 45,000 2/17/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
COSMOTE MOBILE TELECOMMUNICATIONS S A N/A EGM Meeting Date: 02/28/2005
Issuer: X9724G104 ISIN: GRS408333003 BLOCKING
SEDOL: 4499013
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
1. APPROVE THE DISTRIBUTION OF RETAINED EARNINGS Management For *Management Position Unknown No
OF PREVIOUS FY, EUR 0.71 PER SHARE
2. APPROVE THE DISTRIBUTION OF INTERIM DIVIDEND Management For *Management Position Unknown No
EUR 0.19 PER SHARE FOR FY 2004
3. AMEND THE ARTICLE 20 PARAGRAPH 2 AND ARTICLE Management For *Management Position Unknown No
5 PARAGRAPH 1 OF THE COMPANY S ARTICLES OF THE
ASSOCIATION AND APPROVE ITS CODIFICATION
4. APPROVE THE BASIC TERMS OF THE AGREEMENT WITH Management For *Management Position Unknown No
OTE FOR THE PROJECT OF PRINTING, ENVELOPING AND
DELIVERY OF COSMOTE S BILLS TO ELTA FOR DISTRIBUTION
ARTICLE 23A, C.L.2190.1920
5. APPROVE THE BASIC TERMS OF THE TECHNICAL SUPPORT Management For *Management Position Unknown No
AGREEMENT WITH OTE ARTICLE 23A, C.L. 2190.1920
6. VARIOUS ANNOUNCEMENTS Management For *Management Position Unknown No
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI GETF0037002 200 200 200 2/11/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
PIEDMONT NATURAL GAS COMPANY, INC. PNY Annual Meeting Date: 03/04/2005
Issuer: 720186 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
B RATIFICATION OF SELECTION OF DELOITTE & TOUCHE Management For For No
LLP AS INDEPENDENT AUDITORS
A DIRECTOR Management For No
MALCOLM E. EVERETT III Management For For
MURIEL W. HELMS Management For For
FRANK B. HOLDING, JR. Management For For
MINOR M. SHAW Management For For
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 105 30,000 30,000 30,000 2/25/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
KANEB SERVICES LLC KSL Special Meeting Date: 03/11/2005
Issuer: 484173 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
02 TO CONSIDER AND VOTE UPON A PROPOSAL TO ADJOURN Management For For No
THE SPECIAL MEETING IF NECESSARY TO PERMIT FURTHER
SOLICITATION OF PROXIES IF THERE ARE NOT SUFFICIENT
VOTES AT THE TIME OF THE SPECIAL MEETING TO APPROVE
AND ADOPT THE MERGER AGREEMENT DESCRIBED IN THE
IMMEDIATELY ABOVE PROPOSAL.
01 TO CONSIDER AND VOTE UPON A PROPOSAL TO APPROVE Management For For No
THE AGREEMENT AND PLAN OF MERGER, DATED AS OF
OCTOBER 31, 2004, BY AND AMONG VALERO L.P., KANEB
SERVICES LLC AND THE OTHER PARTIES THERETO, AS
IT MAY BE AMENDED FROM TIME TO TIME, UNDER WHICH,
AMONG OTHER THINGS, KANEB SERVICES LLC WILL MERGE
WITH A SUBSIDIARY OF VALERO L.P.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 109 2,700 2,700 2,700 2/28/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
SK TELECOM CO., LTD. SKM Annual Meeting Date: 03/11/2005
Issuer: 78440P ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 APPROVAL OF THE BALANCE SHEET, THE STATEMENT Management For For No
OF INCOME, AND THE STATEMENT OF APPROPRIATION
OF RETAINED EARNINGS OF THE 21ST FISCAL YEAR,
AS SET FORTH IN THE COMPANY S AGENDA.
02 APPROVAL OF THE AMENDMENT OF THE ARTICLES OF Management For For No
INCORPORATION, AS SET FORTH IN THE COMPANY S AGENDA.
03 APPROVAL OF THE CEILING AMOUNT OF THE REMUNERATION Management For For No
OF DIRECTORS, AS SET FORTH IN THE COMPANY S AGENDA.
4A APPROVAL OF THE APPOINTMENT OF DIRECTORS, AS Management For For No
SET FORTH IN THE COMPANY S AGENDA.
4B APPROVAL OF THE APPOINTMENT OF OUTSIDE DIRECTORS Management For For No
WHO WILL NOT BE AUDIT COMMITTEE MEMBERS, AS SET
FORTH IN THE COMPANY S AGENDA.
4C APPROVAL OF THE APPOINTMENT OF OUTSIDE DIRECTORS Management For For No
WHO WILL BE AUDIT COMMITTEE MEMBERS, AS SET FORTH
IN THE COMPANY S AGENDA.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 108 200 200 200 3/3/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
TIM HELLAS TELECOMMUNICATIONS S.A. TIMHY Annual Meeting Date: 03/24/2005
Issuer: 88706Q ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 APPROVAL OF THE BALANCE SHEET FOR THE FINANCIAL Management For For No
PERIOD ENDED ON 31.12.2004 TOGETHER WITH THE
REPORT RELATING THERETO AS PREPARED BY THE BOARD
OF DIRECTORS AND THE AUDITORS.
02 APPROVAL OF THE PROPOSAL OF THE BOARD OF DIRECTORS Management For For No
FOR THE DISTRIBUTION OF THE COMPANY S PROFIT
FOR THE FINANCIAL YEAR ENDED DECEMBER 31, 2004.
03 EXEMPTION OF THE BOARD OF DIRECTORS MEMBERS AND Management For For No
OF THE AUDITORS FROM ANY LIABILITY FOR THE CORPORATE
OPERATIONS FOR THE FINANCIAL PERIOD ENDED ON
31.12.2004.
04 APPOINTMENT OF ORDINARY AND DEPUTY AUDITORS FOR Management For For No
THE YEAR 2005.
05 APPROVAL OF COMPENSATION TO THE BOARD OF DIRECTORS Management For For No
MEMBERS.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 104 200 200 200 3/10/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
COMPANIA DE MINAS BUENAVENTURA S.A. BVN Annual Meeting Date: 03/31/2005
Issuer: 204448 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 APPROVAL OF THE ANNUAL REPORT, BALANCE SHEET, Management For For No
PROFIT AND LOSS STATEMENT AND OTHER FINANCIAL
STATEMENTS OF THE YEAR ENDED DECEMBER 31, 2004.
02 DELEGATION TO THE AUDIT COMMITTEE OF THE DESIGNATION Management For For No
OF THE EXTERNAL AUDITORS FOR THE YEAR 2005.
03 DISTRIBUTION OF DIVIDENDS. Management For For No
04 AMENDMENT TO THE ARTICLE 33 OF THE COMPANY S Management For For No
BY-LAWS IN ORDER TO HOLD VIRTUAL MEETINGS.
05 ELECTION OF THE BOARD OF DIRECTORS FOR THE PERIOD Management For For No
2005-2007.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 104 25,000 25,000 25,000 3/29/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
MOBILEONE LTD MBOFF.PK AGM Meeting Date: 03/31/2005
Issuer: Y8838Q122 ISIN: SG1Q46922213
SEDOL: B04KJ97, B05J0N4
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
1. RECEIVE AND ADOPT THE DIRECTORS REPORT AND AUDITED Management For *Management Position Unknown No
ACCOUNTS FOR THE YE 31 DEC 2004
2. DECLARE A FINAL DIVIDEND OF 5.8 CENTS PER SHARE Management For *Management Position Unknown No
TAX EXEMPT UNDER THE ONE-TIER SYSTEM FOR THE
YE 31 DEC 2004
3. RE-APPOINT, PURSUANT TO SECTION 153(6) OF THE Management For *Management Position Unknown No
COMPANIES ACT CHAPTER 50, MR. HSUAN OWYANG AS A
DIRECTOR OF THE COMPANY TO HOLD SUCH OFFICE UNTIL
THE NEXT AGM OF THE COMPANY
4. RE-ELECT, PURSUANT TO ARTICLE 92, MR. NEIL MONTEFIORE Management For *Management Position Unknown No
AS A DIRECTOR, WHO RETIRES IN ACCORDANCE WITH
ARTICLE 91 OF THE COMPANY S ARTICLES OF ASSOCIATION
5. RE-ELECT, PURSUANT TO ARTICLE 92, MR. ARTHUR Management For *Management Position Unknown No
SEET AS A DIRECTOR, WHO RETIRES IN ACCORDANCE
WITH ARTICLE 91 OF THE COMPANY S ARTICLES OF
ASSOCIATION
6. RE-ELECT, PURSUANT TO ARTICLE 92, MR. TEO SOON Management For *Management Position Unknown No
HOE AS A DIRECTOR, WHO RETIRES IN ACCORDANCE
WITH ARTICLE 91 OF THE COMPANY S ARTICLES OF
ASSOCIATION
7. RE-ELECT MR. MICHAEL JOHN GRANT WHO, BEING APPOINTED Management For *Management Position Unknown No
BY THE BOARD OF DIRECTORS AFTER THE LAST AGM,
WHO RETIRES IN ACCORDANCE WITH ARTICLE 97 OF
THE COMPANY S ARTICLES OF ASSOCIATION
8. APPROVE DIRECTORS FEES OF SGD 339,178 FOR THE Management For *Management Position Unknown No
YE 31 DEC 2004 (FY 2003: SGD 355,000)
9. RE-APPOINT THE AUDITORS AND AUTHORISE THE DIRECTORS Management For *Management Position Unknown No
TO FIX THEIR REMUNERATION.
10. APPROVE, TO OFFER AND GRANT OPTIONS IN ACCORDANCE Management For *Management Position Unknown No
WITH THE POVISIONS OF THE MOBILEONE SHARE OPTION
SCHEME THE SCHEME AND TO ALLOT AND ISSUE SUCH SHARES
AS MAY BE ISSUED PURSUANT TO THE EXERCISE OF OPTIONS
UNDER THE SCHEME, PROVIDED ALWAYS THAT THE AGGREGATE
NUMBER OF SHARES TO BE ISSUED PURSUANT TO THE SCHEME
SHALL NOT EXCEED 10 % OF THE ISSUED ORDINARY SHARE
CAPITAL OF THE COMPANY FROM TIME TO TIME
11. AUTHORIZE THE DIRECTORS, NOTWITHSTANDING THE Management For *Management Position Unknown No
PROVISIONS OF THE ARTICLES OF ASSOCIATION OF THE
COMPANY, AND THE LISTING RULES OF THE SINGAPORE
EXCHANGE SECURITIES TRADING LIMITED, TO (I) ISSUE
SHARES IN THE CAPITAL OF THE COMPANY SHARES WHETHER
BY WAY OF RIGHTS, BONUS OR OTHERWISE; AND/OR (II)
MAKE OR GRANT OFFERS, AGREEMENTS OR OPTIONS
COLLECTIVELY, INSTRUMENTS THAT MIGHT OR WOULD
REQUIRE SHARES TO BE ISSUED, INCLUDING BUT NOT
LIMITED TO THE CREATION AND ISSUE OF AS WELL AS
ADJUSTMENTS TO WARRANTS, DEBENTURES OR OTHER
INSTRUMENTS CONVERTIBLE INTO SHARES, UP TO 50% OF
THE ISSUED SHARE CAPITAL OF THE COMPANY, OF WHICH
THE AGGREGATE NUMBER OF SHARES TO BE ISSUED OTHER
THAN ON A PRO-RATA BASIS TO SHAREHOLDERS OF THE
COMPANY DOES NOT EXCEED 20% OF THE ISSUED SHARE
CAPITAL OF THE COMPANY; AUTHORITY EXPIRES THE
EARLIER OF THE CONCLUSION OF THE NEXT AGM OF THE
COMPANY AS REQUIRED BY LAW
12. AUTHORIZE THE DIRECTORS, PURSUANT TO SECTIONS Management For *Management Position Unknown No
76C AND 76E OF THE COMPANIES ACT, CHAPTER 50, TO
PURCHASE OR ACQUIRE ISSUED AND FULLY PAID ORDINARY
SHARES OF SGD 0.20 EACH IN THE CAPITAL OF THE
COMPANY, THROUGH MARKET PURCHASES ON THE SGX-ST,
AND/OR OFF-MARKET PURCHASES IN ACCORDANCE WITH ANY
EQUAL ACCESS SCHEMES, NOT EXCEEDING IN AGGREGATE 10%
OF THE ISSUED ORDINARY SHARE CAPITAL OF THE COMPANY,
AT A PRICE OF UP TO 105% OF THE AVERAGE CLOSING
MARKET PRICES OF THE SHARES ON THE SGX-ST ON THE
PREVIOUS 5 TRADING DAYS IN THE CASE OF ON-MARKET
PURCHASES AND 110% OF THE AVERAGE CLOSING PRICES OF
THE SHARES ON THE SGX-ST ON EACH OF THE 5
CONSECUTIVE TRADING DAYS IN THE CASE OF BOTH
OFF-MARKET AND ON-MARKET PURCHASES, AND AUTHORIZE
THE DIRECTORS AND/OR ANY OF THEM TO DO ALL SUCH ACTS
AND THINGS DEEMED NECESSARY TO GIVE EFFECT TO THE
TRANSACTIONS CONTEMPLATED AND/OR AUTHORIZED BY THIS
RESOLUTION; AUTHORITY EXPIRES THE EARLIER OF THE
NEXT AGM OF THE COMPANY OR THE DATE OF THE NEXT AGM
OF THE COMPANY AS REQUIRED BY THE LAW
* TRANSACT ANY OTHER BUSINESS Non-Voting *Management Position Unknown No
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI GETF0037002 190 190 190 3/18/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
OTTER TAIL CORPORATION OTTR Annual Meeting Date: 04/11/2005
Issuer: 689648 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
DENNIS R. EMMEN Management For For
KENNETH L. NELSON Management For For
NATHAN I. PARTAIN Management For For
02 THE RATIFICATION OF DELOITTE & TOUCHE LLP AS Management For For No
OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 103 23,000 23,000 23,000 4/1/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
PG&E CORPORATION PCG Annual Meeting Date: 04/20/2005
Issuer: 69331C ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
02 RATIFICATION OF APPOINTMENT OF INDEPENDENT PUBLIC Management For For No
ACCOUNTANTS
01 DIRECTOR Management For No
DAVID R. ANDREWS Management For For
LESLIE S. BILLER Management For For
DAVID A. COULTER Management For For
C. LEE COX Management For For
PETER A. DARBEE Management For For
ROBERT D. GLYNN, JR Management For For
MARY S. METZ Management For For
BARBARA L. RAMBO Management For For
BARRY LAWSON WILLIAMS Management For For
03 ADOPTION OF A NEW LONG-TERM INCENTIVE PLAN Management Against Against No
04 EXPENSE STOCK OPTIONS Shareholder Against For No
05 RADIOACTIVE WASTES Shareholder Against For No
06 POISON PILL Shareholder For Against No
07 PERFORMANCE-BASED OPTIONS Shareholder Against For No
08 FUTURE GOLDEN PARACHUTES Shareholder Against For No
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 108 50,000 50,000 50,000 4/18/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
NICOR INC. GAS Annual Meeting Date: 04/21/2005
Issuer: 654086 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
R.M. BEAVERS, JR. Management For For
B.P. BICKNER Management For For
J.H. BIRDSALL, III Management For For
T.A. DONAHOE Management For For
T.L. FISHER Management For For
J.E. JONES Management For For
D.J. KELLER Management For For
W.A. OSBORN Management For For
R.E. MARTIN Management For For
J. RAU Management For For
J.F. RIORDAN Management For For
R.M. STROBEL Management For For
02 RATIFICATION OF APPOINTMENT OF DELOITTE & TOUCHE Management For For No
LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM FOR 2005.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 107 90,000 90,000 90,000 4/18/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
UNITIL CORPORATION UTL Annual Meeting Date: 04/21/2005
Issuer: 913259 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
DR. ROBERT V. ANTONUCCI Management For For
DAVID P. BROWNELL Management For For
ALBERT H. ELFNER, III Management For For
MICHAEL B. GREEN Management For For
M. BRIAN O'SHAUGHNESSY Management For For
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 107 25,000 25,000 25,000 4/19/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
DOMINION RESOURCES, INC. D Annual Meeting Date: 04/22/2005
Issuer: 25746U ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
PETER W. BROWN Management For For
RONALD J. CALISE Management For For
THOS. E. CAPPS Management For For
GEORGE A. DAVIDSON, JR. Management For For
THOMAS F. FARRELL, II Management For For
JOHN W. HARRIS Management For For
ROBERT S. JEPSON, JR. Management For For
MARK J. KINGTON Management For For
BENJAMIN J. LAMBERT III Management For For
RICHARD L. LEATHERWOOD Management For For
MARGARET A. MCKENNA Management For For
KENNETH A. RANDALL Management For For
FRANK S. ROYAL Management For For
S. DALLAS SIMMONS Management For For
DAVID A. WOLLARD Management For For
02 APPROVE THE ADOPTION OF THE NON-EMPLOYEE DIRECTORS Management For For No
COMPENSATION PLAN.
03 APPROVE THE ADOPTION OF THE 2005 INCENTIVE Management For For No
COMPENSATION PLAN.
04 RATIFY THE APPOINTMENT OF INDEPENDENT AUDITORS Management For For No
FOR THE 2005 FINANCIAL STATEMENTS.
05 SHAREHOLDER PROPOSAL. Shareholder Against For No
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 109 3,000 3,000 3,000 4/19/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
FRANCE TELECOM FTE Annual Meeting Date: 04/22/2005
Issuer: 35177Q ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 STATUTORY FINANCIAL STATEMENT Management For For No
02 CONSOLIDATED FINANCIAL STATEMENT Management For For No
03 ALLOCATION OF THE RESULTS Management For For No
04 TRANSFER OF THE AMOUNTS POSTED TO THE SPECIAL Management For For No
RESERVE OF LONG-TERM CAPITAL GAINS .
05 APPROVAL OF THE AGREEMENT REFFERED TO IN ARTICLE Management For For No
L. 225-38 OF THE FRENCH COMMERCIAL CODE
06 RATIFICATION OF THE COOTATION OF A DIRECTOR Management For For No
07 RENEWAL OF THE APPOINTMENT OF A DIRECTOR Management For For No
08 RENEWAL OF THE APPOINTMENT OF A DIRECTOR Management For For No
09 RENEWAL OF THE APPOINTMENT OF A DIRECTOR Management For For No
10 RENEWAL OF THE APPOINTMENT OF A DIRECTOR. Management For For No
11 RENEWAL OF THE APPOINTMENT OF A DIRECTOR Management For For No
12 RENEWAL OF THE APPOINTMENT OF A DIRECTOR Management For For No
13 RENEWAL OF THE APPOINTMENT OF A DIRECTOR Management For For No
14 APPOINTMENT OF THE DIRECTOR REPRESENTING EMPLOYEE Management For For No
SHAREHOLDERS
15 APPOINTMENT OF MR. JEAN-YVES BASSUEL AS DIRECTOR Management For For No
16 APPOINTMENT OF MR. STEHANE TIERCE AS DIRECTOR Management For For No
17 DIRECTORS FEES Management For For No
18 CHANGE IN CORPORATE NAME Management For For No
19 TO PURCHASE. RETAIN OR TRANSFER FRANCE TELECOM Management For For No
SHARES.
20 TERMINATE THE AUTHORIZATION ON THE BOARD Management For For No
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 105 2,000 2,000 2,000 4/12/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
FRANCE TELECOM FTE Consent Meeting Date: 04/22/2005
Issuer: 35177Q ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
21 AMENDMENT OF ARTICLE 9 OF THE BY-LAWS Management For For No
22 AMENDMENT OF THE BY-LAWS Management For For No
23 AMENDMENT OF THE BY-LAWS Management For For No
24 AUTHORITY TO ISSUE ORDINARY SHARES WITH PREFERENTIAL Management For For No
SUBSCRIPTION RIGHTS
25 AUTHORITY TO ISSUE ORDINARY SHARES WITHOUT Management For For No
PREFERENTIAL SUBSCRIPTION RIGHT
26 AUTHORIZATION TO DETERMINE THE ISSUE PRICE Management For For No
27 AUTHORIZATION TO INCREASE THE NUMBER OF SECURITIES Management For For No
TO BE ISSUED
28 DELEGATION OF AUTHORITY TO ISSUE ORDINARY SHARES Management For For No
29 DELEGATION OF POWERS TO ISSUE ORDINARY SHARES Management For For No
30 DELEGATION OF AUTHORITY TO ISSUE ORDINARY SHARES Management For For No
31 DELEGATION OF POWERS TO ISSUE THE SHARES RESERVED Management For For No
FOR PERSONS SIGNING A LIQUIDITY AGREEMENT
32 PROCEED WITH THE FREE ISSUANCE OF OPTION-BASED Management For For No
LIQUIDITY INSTRUMENTS
33 OVERALL LIMITATION OF THE AUTHORIZATIONS Management For For No
34 ISSUE SECURITIES GIVING RIGHT TO THE ALLOCSTION Management For For No
OF DEBT SECURITIES
35 INCREASE THE SHARE CAPITAL Management For For No
36 CAPITAL INCREASE RESERVED FOR THE MEMBER OF THE Management For For No
TELECOM GROUP SAVINGS PLAN
37 REDUCE THE SHARE CAPITAL Management For For No
38 POOWERS OF FORMALITIES Management For For No
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 105 2,000 2,000 2,000 4/12/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
GATX CORPORATION GMT Annual Meeting Date: 04/22/2005
Issuer: 361448 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
ROD F. DAMMEYER Management For For
JAMES M. DENNY Management For For
RICHARD FAIRBANKS Management For For
DEBORAH M. FRETZ Management For For
BRIAN A. KENNEY Management For For
MILES L. MARSH Management For For
MARK G. MCGRATH Management For For
MICHAEL E. MURPHY Management For For
CASEY J. SYLLA Management For For
RONALD H. ZECH Management For For
02 APPROVAL OF AUDITORS Management For For No
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 103 5,000 5,000 5,000 4/19/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
BELLSOUTH CORPORATION BLS Annual Meeting Date: 04/25/2005
Issuer: 079860 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
03 SHAREHOLDER PROPOSAL RE: DISCLOSURE OF POLITICAL Shareholder Against For No
CONTRIBUTIONS
01 DIRECTOR Management For No
F. DUANE ACKERMAN Management For For
REUBEN V. ANDERSON Management For For
JAMES H. BLANCHARD Management For For
J. HYATT BROWN Management For For
ARMANDO M. CODINA Management For For
KATHLEEN F. FELDSTEIN Management For For
JAMES P. KELLY Management For For
LEO F. MULLIN Management For For
WILLIAM S. STAVROPOULOS Management For For
ROBIN B. SMITH Management For For
02 RATIFY THE APPOINTMENT OF THE INDEPENDENT REGISTERED Management For For No
PUBLIC ACCOUNTING FIRM
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 102 33,000 33,000 33,000 4/20/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
AMEREN CORPORATION AEE Annual Meeting Date: 04/26/2005
Issuer: 023608 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
SUSAN S. ELLIOTT Management For For
GAYLE P.W. JACKSON Management For For
JAMES C. JOHNSON Management For For
RICHARD A. LIDDY Management For For
GORDON R. LOHMAN Management For For
RICHARD A. LUMPKIN Management For For
PAUL L. MILLER, JR. Management For For
CHARLES W. MUELLER Management For For
DOUGLAS R. OBERHELMAN Management For For
GARY L. RAINWATER Management For For
HARVEY SALIGMAN Management For For
PATRICK T. STOKES Management For For
02 RATIFICATION OF APPOINTMENT OF INDEPENDENT AUDITORS. Management For For No
03 REPORT ON STORAGE OF IRRADIATED FUEL RODS AT Shareholder Against For No
CALLAWAY PLANT.
04 INDEPENDENT DIRECTOR AS CHAIRMAN OF THE BOARD. Shareholder Against For No
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 102 20,000 20,000 20,000 4/21/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
AMERICAN ELECTRIC POWER COMPANY, INC AEP Annual Meeting Date: 04/26/2005
Issuer: 025537 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
E.R. BROOKS Management For For
D.M. CARLTON Management For For
J.P. DESBARRES Management For For
R.W. FRI Management For For
W.R. HOWELL Management For For
L.A. HUDSON, JR. Management For For
M.G. MORRIS Management For For
L.L. NOWELL III Management For For
R.L. SANDOR Management For For
D.G. SMITH Management For For
K.D. SULLIVAN Management For For
02 RATIFICATION OF INDEPENDENT REGISTERED PUBLIC Management For For No
ACCOUNTING FIRM
03 APPROVAL OF AMENDED AND RESTATED AEP SYSTEM LONG-TERM Management For For No
INCENTIVE PLAN
04 SHAREHOLDER PROPOSAL REGARDING SUPPLEMENTAL EXECUTIVE Shareholder Against For No
RETIREMENT PLANS
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 101 45,000 45,000 45,000 4/21/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
CH ENERGY GROUP, INC. CHG Annual Meeting Date: 04/26/2005
Issuer: 12541M ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
MARGARITA K. DILLEY Management For For
STEVEN M. FETTER Management For For
STANLEY J. GRUBEL Management For For
02 RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED Management For For No
PUBLIC ACCOUNTING FIRM
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 102 53,600 53,600 53,600 4/21/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
DEUTSCHE TELEKOM AG DT Consent Meeting Date: 04/26/2005
Issuer: 251566 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
02 APPROVAL OF THE RESOLUTION ON THE APPROPRIATION Management For For No
OF NET INCOME.
03 APPROVAL OF ACTIONS BY THE BOARD OF MANAGEMENT Management For For No
FOR THE FINANCIAL YEAR 2004.
04 APPROVAL OF ACTIONS BY THE SUPERVISORY BOARD Management For For No
FOR THE FINANCIAL YEAR 2004.
05 APPROVAL TO APPOINT AS INDEPENDENT AUDITOR AND Management For For No
GROUP AUDITOR FOR THE 2005 FINANCIAL YEAR.
06 APPROVAL OF THE RESOLUTION AUTHORIZING THE COMPANY Management For For No
TO PURCHASE AND USE ITS OWN SHARES.
07 APPROVAL OF THE RESOLUTION ON THE ELECTION OF Management For For No
STATE SECRETARY VOLKER HALSCH AS MEMBER OF THE
SUPERVISORY BOARD.
08 APPROVAL OF THE RESOLUTION ON THE ELECTION OF Management For For No
DR. WOLFGANG REITZLE AS MEMBER OF THE SUPERVISORY
BOARD.
09 APPROVAL OF THE RESOLUTION ON THE AUTHORIZATION Management For For No
TO ISSUE CONVERTIBLE BONDS AND/OR BONDS WITH
WARRANTS.
10 APPROVAL OF THE RESOLUTION ON THE CONTROL AGREEMENT Management For For No
WITH MAGYARCOM HOLDING GMBH.
11 APPROVAL OF THE RESOLUTION ON THE CONTROL AGREEMENT Management For For No
WITH DETEFLEET SERVICES GMBH.
12 APPROVAL OF THE RESOLUTION ON THE CONTROL AGREEMENT Management For For No
WITH DFMG HOLDING GMBH.
13 APPROVAL OF THE RESOLUTION ON CONTROL AGREEMENT Management For For No
WITH DE TELMMOBILIEN, DEUTSCHE TELEKOM IMMOBILIEN
UND SERVICE GMBH.
14 APPROVAL OF THE RESOLUTION ON CONTROL AGREEMENT Management For For No
WITH DE TE ASSEKURANZ - DEUTSCHE TELEKOM
ASSEKURANZVERMITTLUNGSGESELLSCHAFT MBH.
15 APPROVAL OF THE RESOLUTION ON THE CONTROL AGREEMENT Management For For No
WITH T-PUNKT VERTRIEBSGESELLSCHAFT MBH.
16 APPROVAL OF THE RESOLUTION ON THE CONTROL AGREEMENT Management For For No
WITH DEUTSCHE TELEKOM TRAINING GMBH.
17 APPROVAL OF THE RESOLUTION ON THE CONTROL AGREEMENT Management For For No
WITH T-SYSTEMS INTERNATIONAL GMBH.
18 APPROVAL OF THE RESOLUTION ON THE CONTROL AGREEMENT Management For For No
WITH DETEMEDIEN DEUTSCHE TELEKOM MEDIEN GMBH.
19 APPROVAL OF THE RESOLUTION ON THE CONTROL AGREEMENT Management For For No
WITH CARMEN TELEKOMMUNIKATIONSDIENSTE GMBH.
20 APPROVAL OF THE RESOLUTION ON THE CONTROL AGREEMENT Management For For No
WITH NORMA TELEKOMMUNIKATIONSDIANSTE GMBH.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 105 20,000 20,000 20,000 4/7/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
DEUTSCHE TELEKOM AG DT Consent Meeting Date: 04/26/2005
Issuer: 251566 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
21 APPROVAL OF THE RESOLUTION ON THE CONTROL AGREEMENT Management For For No
WITH TRAVIATA TELEKOMMUNIKATIONSDIENSTE GMBH.
22 APPROVAL OF THE AND LOSS TRANSFER AGREEMENT WITH Management For For No
MAGYARCOM HOLDING GMBH.
23 APPROVAL OF THE ARTICLES OF INCORPORATION IN Management For For No
LINE WITH UMAG
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 105 20,000 20,000 20,000 4/12/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
INSIGHT COMMUNICATIONS COMPANY, INC. ICCI Annual Meeting Date: 04/26/2005
Issuer: 45768V ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
SIDNEY R. KNAFEL Management For For
MICHAEL S. WILLNER Management For For
DINNI JAIN Management For For
THOMAS L. KEMPNER Management For For
GERALDINE B. LAYBOURNE Management For For
DAVID C. LEE Management For For
JAMES S. MARCUS Management For For
02 PROPOSAL TO APPROVE AMENDMENT TO THE 1999 EQUITY Management Against Against No
INCENTIVE PLAN.
03 SELECTION OF INDEPENDENT AUDITORS. Management For For No
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 108 2,500 2,500 2,500 4/22/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
AGL RESOURCES INC. ATG Annual Meeting Date: 04/27/2005
Issuer: 001204 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
THOMAS D. BELL, JR. Management For For
ARTHUR E. JOHNSON Management For For
PAULA ROSPUT REYNOLDS Management For For
JAMES A. RUBRIGHT Management For For
BETTINA M. WHYTE Management For For
02 APPROVAL OF AMENDMENT TO AGL RESOURCES INC. S Management For For No
ARTICLES OF INCORPORATION TO CLARIFY THE LENGTH
OF THE INITIAL TERM A BOARD MEMBER MAY SERVE
WHEN APPOINTED BY THE BOARD OF DIRECTORS TO FILL
A VACANCY CAUSED BY A NEWLY CREATED DIRECTORSHIP.
03 APPROVAL OF THE AMENDED AND RESTATED AGL RESOURCES Management For For No
INC. EMPLOYEE STOCK PURCHASE PLAN.
04 RATIFICATION OF THE APPOINTMENT OF Management For For No
PRICEWATERHOUSECOOPERS LLP AS OUR INDEPENDENT AUDITOR
FOR 2005.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 106 28,000 28,000 28,000 4/22/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
CALIFORNIA WATER SERVICE GROUP CWT Annual Meeting Date: 04/27/2005
Issuer: 130788 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
DOUGLAS M. BROWN Management For For
ROBERT W. FOY Management For For
E.D. HARRIS, JR. M.D. Management For For
BONNIE G. HILL Management For For
DAVID N. KENNEDY Management For For
RICHARD P. MAGNUSON Management For For
LINDA R. MEIER Management For For
PETER C. NELSON Management For For
GEORGE A. VERA Management For For
02 PROPOSAL TO RATIFY THE APPOINTMENT OF KPMG LLP, Management For For No
AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM OF THE GROUP FOR 2005.
03 PROPOSAL TO AUTHORIZE THE EQUITY INCENTIVE PLAN. Management Against Against No
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 102 20,520 20,520 20,520 4/22/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
GENERAL ELECTRIC COMPANY GE Annual Meeting Date: 04/27/2005
Issuer: 369604 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
A DIRECTOR Management For No
JAMES I. CASH, JR. Management For For
WILLIAM M. CASTELL Management For For
DENNIS D. DAMMERMAN Management For For
ANN M. FUDGE Management For For
CLAUDIO X. GONZALEZ Management For For
JEFFREY R. IMMELT Management For For
ANDREA JUNG Management For For
ALAN G. LAFLEY Management For For
RALPH S. LARSEN Management For For
ROCHELLE B. LAZARUS Management For For
SAM NUNN Management For For
ROGER S. PENSKE Management For For
ROBERT J. SWIERINGA Management For For
DOUGLAS A. WARNER III Management For For
ROBERT C. WRIGHT Management For For
B RATIFICATION OF SELECTION OF INDEPENDENT AUDITOR Management For For No
01 CUMULATIVE VOTING Shareholder Against For No
02 REPORT ON NUCLEAR RISK Shareholder Against For No
03 REPORT ON PCB CLEANUP COSTS Shareholder Against For No
04 CURB OVER-EXTENDED DIRECTORS Shareholder Against For No
05 REPORT ON SUSTAINABILITY Shareholder Against For No
06 DISCLOSE POLITICAL CONTRIBUTIONS Shareholder Against For No
07 ANIMAL TESTING Shareholder Against For No
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 103 50,000 50,000 50,000 4/22/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
HERA SPA, BOLOGNA HRASF.PK AGM Meeting Date: 04/27/2005
Issuer: T5250M106 ISIN: IT0001250932 BLOCKING
SEDOL: 7620508, B020CX4, 7598003
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
* PLEASE NOTE IN THE EVENT THE MEETING DOES NOT Non-Voting *Management Position Unknown No
REACH QUORUM, THERE WILL BE A SECOND CALL ON 28 APR
2005 CONSEQUENTLY, YOUR VOTING INSTRUCTIONS WILL
REMAIN VALID FOR ALL CALLS UNLESS THE AGENDA IS
AMENDED. PLEASE BE ALSO ADVISED THAT YOUR SHARES
WILL BE BLOCKED UNTIL THE QUORUM IS MET OR THE
MEETING IS CANCELLED. THANK YOU
1. APPROVE THE BALANCE SHEET AS OF 31 DEC 2004; Management For *Management Position Unknown No
MANAGEMENT REPORT AND NET INCOMEALLOCATION; BOARD
OF DIRECTORS REPORT; RESOLUTIONS RELATED THERETO
2. APPROVE TO ACCEPT THE APPOINTMENT OF THE BOARD Management For *Management Position Unknown No
OF DIRECTORS AS PER ARTICLE 2449 OF THE ITALIAN
CIVIL CODE
3. APPOINT THE BOARD OF DIRECTORS MEMBERS AS PER Management For *Management Position Unknown No
ARTICLE 2449 OF THE ITALIAN CIVIL CODE
4. APPOINT THE INTERNAL AUDITORS AND THEIR CHAIRMAN Management For *Management Position Unknown No
5. APPROVE TO STATE THE BOARD OF DIRECTORS EMOLUMENT Management For *Management Position Unknown No
6. APPROVE TO STATE THE INTERNAL AUDITORS EMOLUMENT Management For *Management Position Unknown No
* PLEASE NOTE THAT AUDITORS WILL BE APPOINTED BY Non-Voting *Management Position Unknown No
SLATE VOTING. THANK YOU.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI GETF0037002 300,000 300,000 300,000 4/12/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
TECO ENERGY, INC. TE Annual Meeting Date: 04/27/2005
Issuer: 872375 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
DUBOSE AUSLEY Management For For
JAMES L. FERMAN, JR. Management For For
JAMES O. WELCH, JR. Management For For
PAUL L. WHITING Management For For
02 RATIFICATION OF THE CORPORATION S INDEPENDENT Management For For No
AUDITOR
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 100 105,000 105,000 105,000 4/22/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
VECTREN CORPORATION VVC Annual Meeting Date: 04/27/2005
Issuer: 92240G ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
RONALD G. REHERMAN Management For For
R. DANIEL SADLIER Management For For
RICHARD W. SHYMANSKI Management For For
JEAN L. WOJTOWICZ Management For For
02 RATIFY THE APPOINTMENT OF DELOITTE & TOUCHE, Management For For No
LLP AS INDEPENDENT AUDITORS FOR 2005
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 101 42,600 42,600 42,600 4/22/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
D&E COMMUNICATIONS, INC. DECC Annual Meeting Date: 04/28/2005
Issuer: 232860 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
JOHN AMOS Management For For
G. WILLIAM RUHL Management For For
W. GARTH SPRECHER Management For For
RICHARD G. WEIDNER Management For For
02 PROPOSAL TO AMEND AND RESTATE THE COMPANY S ARTICLES Management Against Against No
OF INCORPORATION IN THE FORM ATTACHED TO THE
PROXY STATEMENT AS EXHIBIT I.
03 PROPOSAL TO RATIFY THE SELECTION OF Management For For No
PRICEWATERHOUSECOOPERS LLP AS THE COMPANY S
INDEPENDENT AUDITORS FOR 2005.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 106 10,000 10,000 10,000 4/26/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
DPL INC. DPL Annual Meeting Date: 04/28/2005
Issuer: 233293 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
JAMES F. DICKE, II Management For For
JAMES V. MAHONEY Management For For
BARBARA S. GRAHAM Management For For
02 RATIFICATION OF KPMG LLP AS INDEPENDENT AUDITORS. Management For For No
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 109 120,000 120,000 120,000 4/25/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
DTE ENERGY COMPANY DTE Annual Meeting Date: 04/28/2005
Issuer: 233331 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
LILLIAN BAUDER Management For For
JOSUE ROBLES JR. Management For For
HOWARD F. SIMS Management For For
02 INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM Management For For No
DELOITTE & TOUCHE LLP
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 107 25,000 25,000 25,000 4/25/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
NSTAR NST Annual Meeting Date: 04/28/2005
Issuer: 67019E ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
CHARLES K. GIFFORD Management For For
PAUL A. LA CAMERA Management For For
SHERRY H. PENNEY Management For For
WILLIAM C. VAN FAASEN Management For For
02 TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS Management For For No
LLP AS THE COMPANY S INDEPENDENT PUBLIC ACCOUNTANTS
FOR 2005.
03 TO AMEND SECTION 28 OF THE COMPANY S DECLARATION Management For For No
OF TRUST TO INCREASE THE NUMBER OF THE COMPANY S
AUTHORIZED COMMON SHARES FROM 100,000,000 TO
200,000,000.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 107 100,000 100,000 100,000 4/25/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
SJW CORP. SJW Annual Meeting Date: 04/28/2005
Issuer: 784305 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
M.L. CALI Management For For
J.P. DINAPOLI Management For For
D. GIBSON Management For For
D.R. KING Management For For
G.E. MOSS Management For For
W.R. ROTH Management For For
C.J. TOENISKOETTER Management For For
F.R. ULRICH Management For For
02 APPROVE THE EMPLOYEE STOCK PURCHASE PLAN WHICH Management For For No
WAS ADOPTED BY THE BOARD OF DIRECTORS ON JANUARY
27, 2005.
03 RATIFY THE APPOINTMENT OF KPMG LLP AS THE INDEPENDENT Management For For No
REGISTERED PUBLIC ACCOUNTING FIRM OF THE CORPORATION
FOR FISCAL YEAR 2005.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 104 58,500 58,500 58,500 4/25/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
THE AES CORPORATION AES Annual Meeting Date: 04/28/2005
Issuer: 00130H ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
RICHARD DARMAN Management For For
PAUL T. HANRAHAN Management For For
KRISTINA M. JOHNSON Management For For
JOHN A. KOSKINEN Management For For
PHILIP LADER Management For For
JOHN H. MCARTHUR Management For For
SANDRA O. MOOSE Management For For
PHILIP A. ODEEN Management For For
CHARLES O. ROSSOTTI Management For For
SVEN SANDSTROM Management For For
ROGER W. SANT Management For For
02 RATIFICATION OF APPOINTMENT OF INDEPENDENT AUDITORS. Management For For No
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 105 230,000 230,000 230,000 4/25/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
THE EMPIRE DISTRICT ELECTRIC COMPANY EDE Annual Meeting Date: 04/28/2005
Issuer: 291641 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
KENNETH R. ALLEN Management For For
WILLIAM L. GIPSON Management For For
BILL D. HELTON Management For For
02 APPROVAL OF AN AMENDMENT TO THE EMPLOYEE STOCK Management For For No
PURCHASE PLAN.
03 APPROVAL OF THE 2006 STOCK INCENTIVE PLAN. Management For For No
04 APPROVAL OF THE AMENDED AND RESTATED STOCK UNIT Management For For No
PLAN FOR DIRECTORS.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 108 10,000 10,000 10,000 4/25/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
BRASCAN CORPORATION BNN Special Meeting Date: 04/29/2005
Issuer: 10549P ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 SPECIAL RESOLUTION TO DECREASE THE NUMBER OF Management For For No
DIRECTORS FROM 16 TO 14.
02 DIRECTORS Management For No
WILLIAM A. DIMMA Management For For
LANCE LIEBMAN Management For For
PHILIP B. LIND Management For For
ROY MACLAREN Management For For
G. WALLACE F. MCCAIN Management For For
JACK M. MINTZ Management For For
GEORGE S. TAYLOR Management For For
03 THE APPOINTMENT OF AUDITORS AND AUTHORIZING THE Management For For No
DIRECTORS TO FIX THE REMUNERATION TO BE PAID
TO THE AUDITORS.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 606 3,250 3,250 3,250 4/26/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
CINCINNATI BELL INC. CBB Annual Meeting Date: 04/29/2005
Issuer: 171871 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
BRUCE L. BYRNES Management For For
JOHN F. CASSIDY Management For For
ROBERT W. MAHONEY Management For For
DANIEL J. MEYER Management For For
02 THE RATIFICATION OF THE APPOINTMENT OF DELOITTE Management For For No
& TOUCHE LLP AS INDEPENDENT ACCOUNTANTS TO AUDIT
THE FINANCIAL STATEMENTS OF THE COMPANY FOR THE
YEAR 2005.
03 REAPPROVAL OF THE MATERIAL TERMS OF THE PERFORMANCE Management For For No
GOALS OF THE CINCINNATI BELL INC. 1997 LONG TERM
INCENTIVE PLAN.
04 REAPPROVAL OF THE MATERIAL TERMS OF THE PERFORMANCE Management For For No
GOALS OF THE CINCINNATI BELL INC. SHORT TERM
INCENTIVE PLAN.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 106 175,000 175,000 175,000 4/27/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
SIERRA PACIFIC RESOURCES SRP Annual Meeting Date: 05/02/2005
Issuer: 826428 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
JOSEPH B. ANDERSON, JR. Management For For
KRESTINE M. CORBIN Management For For
PHILIP G. SATRE Management For For
CLYDE T. TURNER Management For For
02 TO CONSIDER WHETHER TO ADOPT A SHAREHOLDER PROPOSAL Shareholder For Against No
REQUESTING DIRECTORS TO REDEEM ANY ACTIVE POISON
PILL, UNLESS SUCH POISON PILL IS APPROVED BY
THE AFFIRMATIVE VOTE OF THE HOLDERS OF A MAJORITY
OF SHARES PRESENT AND VOTING AS A SEPARATE BALLOT
ITEM, TO BE HELD AS SOON AS MAY BE PRACTICABLE.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 104 30,000 30,000 30,000 4/27/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
THE YORK WATER COMPANY YORW Annual Meeting Date: 05/02/2005
Issuer: 987184 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
JOHN L. FINLAYSON Management For For
CHLOE R. EICHELBERGER Management For For
THOMAS C. NORRIS Management For For
02 APPOINT BEARD MILLER COMPANY LLP AS AUDITORS. Management For For No
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 108 6,000 6,000 6,000 4/27/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
CENTRAL VERMONT PUBLIC SERVICE CORP. CV Annual Meeting Date: 05/03/2005
Issuer: 155771 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
RHONDA L. BROOKS Management For For
JANICE B. CASE Management For For
GEORGE MACKENZIE, JR. Management For For
ROBERT H. YOUNG Management For For
02 RATIFICATION OF THE APPOINTMENT OF DELOITTE & Management For For No
TOUCHE LLP AS INDEPENDENT REGISTERED PUBLIC
ACCOUNTANTS FOR FISCAL YEAR ENDING DECEMBER 31,
2005.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 108 50,000 50,000 50,000 4/28/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
GREAT PLAINS ENERGY INCORPORATED GXP Annual Meeting Date: 05/03/2005
Issuer: 391164 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
D.L. BODDE Management For For
M.J. CHESSER Management For For
W.H. DOWNEY Management For For
M.A. ERNST Management For For
R.C. FERGUSON, JR. Management For For
W.K. HALL Management For For
L.A. JIMENEZ Management For For
J.A. MITCHELL Management For For
W.C. NELSON Management For For
L.H. TALBOTT Management For For
R.H. WEST Management For For
02 RATIFICATION OF APPOINTMENT OF DELOITTE & TOUCHE Management For For No
LLP AS INDEPENDENT AUDITORS FOR 2005.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 100 105,000 105,000 105,000 4/28/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
UNITED STATES CELLULAR CORPORATION USM Annual Meeting Date: 05/03/2005
Issuer: 911684 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
J.S. CROWLEY Management For For
02 2005 LONG-TERM INCENTIVE PLAN. Management For For No
03 RATIFY ACCOUNTANTS FOR 2005. Management For For No
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 108 20,000 20,000 20,000 4/28/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
AQUILA, INC. ILA Annual Meeting Date: 05/04/2005
Issuer: 03840P ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
HERMAN CAIN Management For For
PATRICK J. LYNCH Management For For
NICHOLAS J. SINGER Management For For
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 102 434,000 434,000 434,000 5/2/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
EL PASO ELECTRIC COMPANY EE Annual Meeting Date: 05/04/2005
Issuer: 283677 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
GARY R. HEDRICK Management For For
KENNETH R. HEITZ Management For For
MICHAEL K. PARKS Management For For
ERIC B. SIEGEL Management For For
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 854 200,000 200,000 200,000 4/29/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
MOBISTAR SA, BRUXELLES MOBB.BR EGM Meeting Date: 05/04/2005
Issuer: B60667100 ISIN: BE0003735496 BLOCKING
SEDOL: 5541979, 5677700
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
* PLEASE NOTE THAT THIS IS A MIX MEETING. THANK Non-Voting *Management Position Unknown No
YOU.
* IMPORTANT MARKET PROCESSING REQUIREMENT: A BENEFICIAL Non-Voting *Management Position Unknown No
OWNER SIGNED POWER OF ATTORNEY (POA) IS REQUIRED IN
ORDER TO LODGE AND EXECUTE YOUR VOTING INSTRUCTIONS
IN THIS MARKET. ABSENCE OF A POA, MAY CAUSE YOUR
INSTRUCTIONS TO BE REJECTED. SHOULD YOU HAVE ANY
QUESTIONS, PLEASE CONTACT YOUR CLIENT SERVICE
REPRESENTATIVE AT ADP. THANK YOU
* MARKET RULES REQUIRE ADP TO DISCLOSE BENEFICIAL Non-Voting *Management Position Unknown No
OWNER INFORMATION FOR ALL VOTED ACCOUNTS. IF AN
ACCOUNT HAS MULTIPLE BENEFICIAL OWNERS, YOU WILL
NEED TO PROVIDE THE BREAKDOWN OF EACH BENEFICIAL
OWNER NAME, ADDRESS AND SHARE POSITION TO YOUR ADP
CLIENT SERVICE REPRESENTATIVE. THIS INFORMATION IS
REQUIRED IN ORDER FOR ADP TO LODGE YOUR VOTE
1. RECEIVE THE MANAGEMENT REPORT ON THE ANNUAL ACCOUNTS Non-Voting *Management Position Unknown No
OF THE COMPANY AS OF 31 DEC 2004
2. APPROVE THE REPORT OF THE STATUTORY AUDITORS Non-Voting *Management Position Unknown No
CONCERNING THE ANNUAL ACCOUNTS FOR 2004
3. APPROVE THE ANNUAL ACCOUNTS FOR THE YEAR 2004 Management For *Management Position Unknown No
INCLUDING APPROPRIATION OF RESULTS AS PRESENTED IN
THE ACCOUNTS WITH A DISTRIBUTION OF A GROSS DIVIDEND
OF EUR 2 PER SHARE, PAYABLE AS FROM 11 MAY 2005
4. GRANT DISCHARGE TO THE DIRECTORS AND THE STATUTORY Management For *Management Position Unknown No
AUDITOR FOR FULFILLING THEIR MANDATE UNTIL 31
DEC 2004
7. AMEND ARTICLE 16, PARAGRAPH 2 OF THE ARTICLES Management For *Management Position Unknown No
OF ASSOCIATION OF THE COMPANY
5. APPROVE: TO RENEW THE MANDATES OF THE DIRECTORS Management For *Management Position Unknown No
EXPIRE AT THE END OF THE ANNUAL SHAREHOLDERS MEETING
OF 2005; TO RENEW THE MANDATES OF MRS. BRIGITTE
BOURGOIN-CASTAGNET AND OF MESSRS. JAN STEYAERT,
SANJIV AHUJA, BERNARD GHILLEBAERT AND TIM LOWRY AND
OF SA WIREFREE SERVICES BELGIUM REPRESENTED BY MR.
ALDO CARDOSO; THE DIRECTORS WILL NOT BE REMUNERATED
FOR THEIR SERVICES UNDER THEIR MANDATES; AUTHORITY
EXPIRE AFTER THE ANNUAL GENERAL SHAREHOLDERS MEETING
OF 2008 ; TO RENEW THE MANDATES OF MRS. ANNEMIE
NEYTS- UYTTERBROEK AND OF SPARAXIS SA, REPRESENTED
BY MR. ERIC B.A. UCHE IN THE CAPACITY OF INDEPENDENT
DIRECTOR OF THE COMPANY IN CONFORMITY WITH ARTICLE
524 SECTION 4 OF THE COMPANY CODE; AUTHORITY EXPIRES
THE EARLIER OF THE ANNUAL GENERAL SHAREHOLDERS
MEETING OF 2008 OR AFTER THE ANNUAL GENERAL
SHAREHOLDERS MEETING OF 2006 AND THEIR REMUNERATION
SHALL BE FIXED AT EUR 30,000 PER COMPLETE FY, THE
PAYMENT OF THIS AMOUNT WILL BE DONE THE END OF THE
GENERAL SHAREHOLDERS MEETING OF THE CORRESPONDING
FY, AN ADDITIONAL PAYMENT OF EUR 2,000 WILL BE
ACCORDED TO THEM EACH TIME THEY PARTICIPATE IN A
MEETING OF A COMMITTEE OF THE COMPANY, THE GENERAL
SHAREHOLDERS MEETING NOTES THAT MRS.
NEYTS-UYTTERBROEK AND SPARAXIS SA MATCH THE CRITERIA
OF INDEPENDENCE AS LAID OUT IN ARTICLE 524 SECTION 4
PARAGRAPH 2, 2-4 OF THE COMPANY CODE; THE
APPOINTMENT OF MR. MICHEL POIRIER AND MR. BERNARD
MOSCHENI CO-OPTED BY THE BOARD OF DIRECTORS ON 26
JUL 2004 AS DIRECTORS OF THE COMPANY, THE DIRECTORS
WILL NOT BE REMUNERATED FOR THEIR SERVICES UNDER
THEIR MANDATES; AUTHORITY EXPIRES AT THE END OF THE
GENERAL SHAREHOLDERS MEETING OF 2008 ; THE
APPOINTMENT OF MR. ERIC DEKEULENEER CO-OPTED BY THE
BOARD OF DIRECTORS ON 18 NOV 2004 AS AN INDEPENDENT
DIRECTOR OF THE COMPANY IN CONFORMITY WITH ARTICLE
524 SECTION 4 OF THE COMPANY CODE; AUTHORITY EXPIRES
AT THE END OF THE GENERAL SHAREHOLDERS MEETING OF
2008 AND HIS REMUNERATION IS FIXED AT EUR 30,000 PER
COMPLETE FY, THE PAYMENT OF THIS AMOUNT WILL BE DONE
AT THE END OF THE GENERAL SHAREHOLDERS MEETING OF
THE CORRESPONDING FY, AN ADDITIONAL PAYMENT OF EUR
2,000 WILL BE ACCORDED TO HIM EACH TIME HE
PARTICIPATES IN A MEETING OF A COMMITTEE OF THE
COMPANY, GENERAL SHAREHOLDERS MEETING NOTES THAT MR.
DEKEULENEER MATCHES THE CRITERIA OF INDEPENDENCE AS
LAID OUT IN ARTICLE 524 SECTION 4 PARAGRAPH 2, 1-4
OF THE COMPANY CODE; THE APPOINTMENT OF TWO
CANDIDATES PRESENTED BY THE BOARD OF DIRECTORS AS
INDEPENDENT DIRECTORS OF THE COMPANY IN CONFORMITY
WITH ARTICLE 524 SECTION 4 OF THE COMPANY CODE;
AUTHORITY EXPIRES AT THE END OF THE GENERAL
SHAREHOLDERS MEETING OF 2008 AND THEIR REMUNERATION
IS FIXED AT EUR 30,000 PER COMPLETE, THE PAYMENT OF
THIS AMOUNT WILL BE DONE AT THE END OF THE GENERAL
SHAREHOLDERS MEETING OF THE CORRESPONDING, AN
ADDITIONAL PAYMENT OF EUR 2,000 WILL BE ACCORDED TO
THEM EACH TIME THEY PARTICIPATE IN A MEETING OF A
COMMITTEE OF THE COMPANY, GENERAL SHAREHOLDERS
MEETING NOTES THAT THE TWO CANDIDATES MATCH THE
CRITERIA OF INDEPENDENCE AS LAID OUT IN ARTICLE 524
SECTION 4 PARAGRAPH 2, 1 0.40 OF THE COMPANY CODE
6. APPROVE TO RENEW THE MANDATE OF THE STATUTORY Management For *Management Position Unknown No
AUDITOR OF THE COMPANY, ERNST & YOUNG SSC-REVISEURS
D ENTREPRISES, REPRESENTED BY MR. HERMAN VAN DEN
ABEELE; AUTHORITY EXPIRES AT THE END OF THE GENERAL
SHAREHOLDERS MEETING OF 2008 AND THE REMUNERATION OF
THE AUDITOR FOR THE ACCOMPLISHMENT OF HIS STATUTORY
DUTY IS SET AT EUR 225,000 PER YEAR
8. AMEND ARTICLE 24 OF THE ARTICLES OF ASSOCIATION Management For *Management Position Unknown No
OF THE COMPANY
9. AMEND ARTICLE 26 OF THE ARTICLE OF ASSOCIATION Management For *Management Position Unknown No
OF THE COMPANY
10. AMEND ARTICLE 32 OF THE ARTICLES OF ASSOCIATION Management For *Management Position Unknown No
OF THE COMPANY
11. AMEND ARTICLE 48 OF THE ARTICLES OF ASSOCIATION Management For *Management Position Unknown No
12. APPROVE TO EXPLICITLY ALLOW THE BOARD OF DIRECTORS, Management For *Management Position Unknown No
IN CONFORMITY WITH THE COMPANY CODE, TO ACQUIRE THE
COMPANY S SHARES BY BUYING OR EXCHANGING AT A PRICE
THAT MAY NOT BE EITHER LOWER THAN 90% OR HIGHER THAN
110% OF THE AVERAGE CLOSING PRICE OF THE 5 BUSINESS
DAYS THAT PRECEDE THE ACQUISITION OR EXCHANGE
AUTHORITY EXPIRES AT A PERIOD OF 18 MONTHS FROM THE
GENERAL SHAREHOLDERS MEETING AND AMEND THE ARTICLE
48 OF THE ARTICLES OF ASSOCIATION OF THE COMPANY
13. AUTHORIZES MR. JOHAN VAN DEN CRUIJCE, WITH A Management For *Management Position Unknown No
RIGHT OF SUBSTITUTION, TO RESTATE THE ARTICLES OF
ASSOCIATION OF THE COMPANY, TO SIGN AND TO FILE THEM
WITH THE CLERK OF THE COMMERCIAL COURT, IN
COMPLIANCE WITH THE LEGAL REQUIREMENTS ON THE
SUBJECT
14. APPROVE THE MERGER PROPOSAL OF 07 FEB 2005 DRAFTED Management For *Management Position Unknown No
BY THE CORRESPONDING MANAGEMENT OF ABSORBING AND
ABSORBED COMPANY THAT WAS FILED WITH THE COMMERCIAL
COURT OF BRUSSELS ON 16 FEB 2005; CONSEQUENTLY, THE
MEETING AGREES TO THE OPERATION BY WHICH THE
ABSORBING COMPANY ABSORBS THE ABSORBED COMPANY BY
WAY OF OPERATION TREATED AS A MERGER BY ABSORPTION;
BY THIS OPERATION, THE TOTALITY OF THE ASSETS AND
LIABILITIES OF THE ABSORBED COMPANY WITH NO
EXCEPTIONS OR RESERVATIONS IS TRANSFERRED TO THE
ABSORBING COMPANY; ALL OPERATIONS PERFORMED BY THE
ABSORBED COMPANY AS FROM 01 JAN 2005 ARE CONSIDERED
FROM AN ACCOUNTING POINT OF VIEW AS HAVING BEEN
REALIZED ON BEHALF OF THE ABSORBING COMPANY; SHARES
OR PREFERENTIAL SECURITIES, THERE DO NOT EXIST ANY
SHARES OR PREFERENTIAL SECURITIES IN THE ABSORBED
COMPANY TO WHICH ANY PREFERENTIAL RIGHTS HAVE BEEN
ACCORDED; THERE ARE NO SPECIAL ADVANTAGES THAT HAVE
BEEN ACCORDED TO BOARD MEMBERS OF MERGED COMPANIES;
APPROVES THE TRANSFER OF THE TOTALITY OF THE ESTATE
OF THE ABSORBED COMPANY, ASSETS AS WELL AS
LIABILITIES THE ESTATE COMPRISES THE TOTALITY OF THE
RIGHTS AND OBLIGATIONS OF THE ABSORBED COMPANY,
INCLUDING ALL PHYSICAL AND NON- PHYSICAL ASSETS,
CURRENT CONTRACTS, DEBTS, ETC; THE MEETING GRANTS
POWER TO THE BOARD OF DIRECTORS TO IMPLEMENT THE
DECISIONS TAKEN
15. APPROVE THE PLAN TO PURCHASE SHARES OF MOBISTAR Management For *Management Position Unknown No
2005 BY PERSONNEL DISCOUNTED STOCK PURCHASE
PLAN AS PRESENTED BY THE BOARD OF DIRECTORS
16. APPROVE THE CORPORATE GOVERNANCE Non-Voting *Management Position Unknown No
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI GETF0037002 200 200 200 4/19/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
THOMAS & BETTS CORPORATION TNB Annual Meeting Date: 05/04/2005
Issuer: 884315 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
E.H. DREW Management For For
T.K. DUNNIGAN Management For For
J.K. HAUSWALD Management For For
D. JERNIGAN Management For For
R.B. KALICH SR. Management For For
K.R. MASTERSON Management For For
D.J. PILEGGI Management For For
J.P. RICHARD Management For For
D.D. STEVENS Management For For
W.H. WALTRIP Management For For
02 RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED Management For For No
PUBLIC ACCOUNTING FIRM.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 102 2,000 2,000 2,000 5/2/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
CHESAPEAKE UTILITIES CORPORATION CPK Annual Meeting Date: 05/05/2005
Issuer: 165303 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
THOMAS J. BRESNAN Management For For
WALTER J. COLEMAN Management For For
JOSEPH E. MOORE Management For For
JOHN R. SCHIMKAITIS Management For For
02 FOR ADOPTION OF THE CHESAPEAKE UTILITIES CORPORATION Management For For No
EMPLOYEE STOCK AWARD PLAN.
03 FOR ADOPTION OF THE CHESAPEAKE UTILITIES CORPORATION Management Against Against No
PERFORMANCE INCENTIVE PLAN.
04 FOR ADOPTION OF THE CHESAPEAKE UTILITIES CORPORATION Management For For No
DIRECTORS STOCK COMPENSATION PLAN.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 108 10,000 10,000 10,000 5/2/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
CINERGY CORP. CIN Annual Meeting Date: 05/05/2005
Issuer: 172474 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
THOMAS E. PETRY Management For For
MARY L. SCHAPIRO Management For For
PHILIP R. SHARP Management For For
02 RATIFICATION OF DELOITTE & TOUCHE AS THE COMPANYs Management For For No
INDEPENDENT AUDITORS.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 108 55,000 55,000 55,000 5/2/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
CLECO CORPORATION CNL Annual Meeting Date: 05/05/2005
Issuer: 12561W ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
WILLIAM L. MARKS Management For For
RAY B. NESBITT Management For For
ROBERT T. RATCLIFF, SR. Management For For
WILLIAM H. WALKER, JR. Management For For
02 TO RATIFY THE AUDIT COMMITTEE S APPOINTMENT OF Management For For No
THE FIRM OF PRICEWATERHOUSECOOPERS LLP AS CLECO
CORPORATION S INDEPENDENT AUDITORS TO CONDUCT
THE ANNUAL AUDIT OF CLECO FOR THE FISCAL YEAR
ENDED DECEMBER 31, 2004 AND QUARTERLY REVIEWS
THROUGH SEPTEMBER 30, 2005.
03 TO APPROVE (I) AN AMENDMENT TO THE CLECO CORPORATION Management For For No
2000 LONG-TERM INCENTIVE COMPENSATION PLAN (THE
LTIP) TO INCREASE THE NUMBER OF SHARES OF COMMON
STOCK RESERVED FOR ISSUANCE UNDER THE LTIP BY
1,600,000 SHARES AND (II) THE RENEWAL OF THE
MATERIAL TERMS OF THE PERFORMANCE GOALS UNDER
THE LTIP.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 105 25,000 25,000 25,000 5/2/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
COOPER CAMERON CORPORATION CAM Annual Meeting Date: 05/05/2005
Issuer: 216640 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
PETER J. FLUOR Management For For
DAVID ROSS III Management For For
BRUCE W. WILKINSON Management For For
02 RATIFICATION OF THE APPOINTMENT OF INDEPENDENT Management For For No
REGISTERED PUBLIC ACCOUNTANTS FOR 2005.
03 VOTE ON MANAGEMENT INCENTIVE COMPENSATION PLAN. Management For For No
04 VOTE ON 2005 EQUITY INCENTIVE PLAN. Management For For No
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 102 3,000 3,000 3,000 5/2/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
HUTCHISON TELECOMMUNICATIONS INTERNATIONAL LTD HTX AGM Meeting Date: 05/05/2005
Issuer: G46714104 ISIN: KYG467141043
SEDOL: B03H319, B039V77, B03H2N4, B032D70
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
* PLEASE NOTE THAT THIS IS AN AMENDMENT TO MEETING Non-Voting *Management Position Unknown No
ID 229126, DUE TO CHANGE IN THE NUMBER OF RESOLUTIONS.
ALL VOTES RECEIVED ON THE PREVIOUS MEETING WILL
BE DISREGARDED AND YOU WILL NEED TO REINSTRUCT
ON THIS MEETING NOTICE. THANK YOU.
1. RECEIVE AND CONSIDER THE AUDITED FINANCIAL STATEMENTS Management For *Management Position Unknown No
AND THE REPORTS OF THE DIRECTORS AND THE AUDITORS
FOR THE YE 31 DEC 2004
2.A RE-ELECT MR. DENNIS POKMAN LUI AS A DIRECTOR Management For *Management Position Unknown No
2.B RE-ELECT MR. TIM LINCOLN PENNINGTON AS A DIRECTOR Management For *Management Position Unknown No
2.C RE-ELECT MR. CHAN TING YU AS A DIRECTOR Management For *Management Position Unknown No
2.D RE-ELECT MR. WOO CHIU MAN, CLIFF AS A DIRECTOR Management For *Management Position Unknown No
2.E RE-ELECT MRS. CHOW WOO MO FONG, SUSAN AS A DIRECTOR Management For *Management Position Unknown No
2.F RE-ELECT MR. FRANK JOHN SIXT AS A DIRECTOR Management For *Management Position Unknown No
2.G RE-ELECT MR. KWAN KAI CHEONG AS A DIRECTOR Management For *Management Position Unknown No
2.H RE-ELECT MR. JOHN W. STANTON AS A DIRECTOR Management For *Management Position Unknown No
2.I RE-ELECT MR. KEVIN WESTLEY AS A DIRECTOR Management For *Management Position Unknown No
2.J AUTHORIZE THE BOARD OF DIRECTORS TO FIX THE DIRECTORS Management For *Management Position Unknown No
REMUNERATION
3. RE-APPOINT PRICEWATERHOUSECOOPERS AS THE AUDITORS Management For *Management Position Unknown No
OF THE COMPANY AND AUTHORIZE THE BOARD OF DIRECTORS
TO FIX THEIR REMUNERATION
4.A AUTHORIZE THE DIRECTORS OF THE COMPANY TO ALLOT, Management For *Management Position Unknown No
ISSUE AND DEAL WITH NEW SHARES IN THE CAPITAL OF THE
COMPANY AND TO ALLOT , ISSUE OR GRANT SECURITIES
CONVERTIBLE INTO SHARES, OR OPTIONS, WARRANTS OR
SIMILAR RIGHTS TO SUBSCRIBE FOE ANY SHARES OR SUCH
CONVERTIBLE SECURITIES AND TO MAKE OR GRANT OFFERS,
AGREEMENTS AND OPTIONS DURING AND AFTER THE RELEVANT
PERIOD, NOT EXCEEDING 20% OF THE AGGREGATE NOMINAL
AMOUNT OF THE ISSUED SHARE CAPITAL OF THE COMPANY
OTHERWISE THAN PURSUANT TO A RIGHTS ISSUE; OR THE
EXERCISE OF ANY SHARE OPTION SCHEME OR SIMILAR
ARRANGEMENT; OR ANY SCRIP DIVIDEND OR SIMILAR
ARRANGEMENT; AUTHORITY EXPIRES THE EARLIER OF THE
CONCLUSION OF THE NEXT AGM OF THE COMPANY OR THE
EXPIRATION OF THE PERIOD WITHIN WHICH THE NEXT AGM
IS REQUIRED BY THE ARTICLES OF ASSOCIATION OF THE
COMPANY OR ANY APPLICABLE LAW OF THE CAYMAN ISLANDS
TO BE HELD
4.B AUTHORIZE THE DIRECTORS OF THE COMPANY TO PURCHASE Management For *Management Position Unknown No
OR REPURCHASE SHARES OF THE COMPANY DURING THE
RELEVANT PERIOD, ON THE STOCK EXCHANGE OF HONG KONG
LIMITED THE STOCK EXCHANGE OR ANY OTHER STOCK
EXCHANGE ON WHICH THE SHARES OF THE COMPANY HAVE
BEEN OR MAY BE LISTED AND RECOGNIZED BY THE
SECURITIES AND FUTURES COMMISSION UNDER THE HONG
KONG CODE ON SHARE REPURCHASES FOR SUCH PURPOSES,
SUBJECT TO AND IN ACCORDANCE WITH ALL APPLICABLE
LAWS AND REGULATIONS, AT SUCH PRICE AS THE DIRECTORS
MAY AT THEIR DISCRETION DETERMINE IN ACCORDANCE WITH
ALL APPLICABLE LAWS AND REGULATIONS, NOT EXCEEDING
10% OF THE AGGREGATE NOMINAL AMOUNT OF THE ISSUED
SHARE CAPITAL OF THE COMPANY; AUTHORITY EXPIRES THE
EARLIER OF THE CONCLUSION OF THE NEXT AGM OF THE
COMPANY OR THE EXPIRATION OF THE PERIOD WITHIN WHICH
THE NEXT AGM IS REQUIRED BY THE ARTICLES OF
ASSOCIATION OF THE COMPANY OR ANY APPLICABLE LAW OF
THE CAYMAN ISLANDS TO BE HELD
4.C APPROVE, CONDITIONAL UPON THE PASSING OF RESOLUTIONS Management For *Management Position Unknown No
4(A) AND 4(B), TO ADD THE AGGREGATE NOMINAL AMOUNT
OF THE SHARE CAPITAL OF THE COMPANY REPURCHASED BY
THE COMPANY PURSUANT TO RESOLUTION 4(B), TO THE
AGGREGATE NOMINAL AMOUNT OF THE SHARE CAPITAL OF THE
COMPANY THAT MAY BE ALLOTTED PURSUANT TO RESOLUTION
4(A), PROVIDED THAT SUCH AMOUNT SHALL NOT EXCEED 10%
OF THE AGGREGATE NOMINAL AMOUNT OF THE ISSUED SHARE
CAPITAL OF THE COMPANY AT THE DATE OF PASSING THIS
RESOLUTION
S.5 AMEND THE ARTICLES OF ASSOCIATION OF THE COMPANY Management For *Management Position Unknown No
BY DELETING THE EXISTING ARTICLE 87.(1) IN ITS
ENTIRETY AND REPLACING IT WITH A NEW ONE
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI GETF0037002 200 200 200 4/26/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
MUELLER INDUSTRIES, INC. MLI Annual Meeting Date: 05/05/2005
Issuer: 624756 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
ALEXANDER P. FEDERBUSH Management For For
GENNARO J. FULVIO Management For For
GARY S. GLADSTEIN Management For For
TERRY HERMANSON Management For For
ROBERT B. HODES Management For For
HARVEY L. KARP Management For For
WILLIAM D. O'HAGAN Management For For
02 APPROVE THE MUELLER INDUSTRIES, INC. ANNUAL BONUS Management For For No
PLAN.
03 APPROVE THE APPOINTMENT OF ERNST & YOUNG LLP Management For For No
AS INDEPENDENT AUDITORS OF THE COMPANY.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 102 10,000 10,000 10,000 5/2/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
PENNICHUCK CORPORATION PNNW Annual Meeting Date: 05/05/2005
Issuer: 708254 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
DONALD L. CORRELL Management For For
HANNAH M. MCCARTHY Management For For
02 TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS Management For For No
LLP AS THE COMPANY S INDEPENDENT PUBLIC ACCOUNTANTS
FOR THE YEAR ENDING DECEMBER 31, 2005.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 206 14,066 14,066 14,066 5/2/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
SCANA CORPORATION SCG Annual Meeting Date: 05/05/2005
Issuer: 80589M ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
BILL L. AMICK Management For For
D. MAYBANK HAGOOD Management For For
WILLIAM B. TIMMERMAN Management For For
02 APPROVAL OF AMENDED AND RESTATED LONG-TERM EQUITY Management For For No
COMPENSATION PLAN.
03 APPROVAL OF APPOINTMENT OF INDEPENDENT REGISTERED Management For For No
PUBLIC ACCOUNTING FIRM.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 102 55,000 55,000 55,000 5/2/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
SOUTHWEST GAS CORPORATION SWX Annual Meeting Date: 05/05/2005
Issuer: 844895 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management No
GEORGE C. BIEHL Management Withheld Against
THOMAS E. CHESTNUT Management Withheld Against
MANUEL J. CORTEZ Management Withheld Against
RICHARD M. GARDNER Management Withheld Against
LEROY C. HANNEMAN, JR. Management Withheld Against
THOMAS Y. HARTLEY Management Withheld Against
JAMES J. KROPID Management Withheld Against
MICHAEL O. MAFFIE Management Withheld Against
MICHAEL J. MELARKEY Management For For
JEFFREY W. SHAW Management Withheld Against
CAROLYN M. SPARKS Management Withheld Against
TERRENCE L. WRIGHT Management Withheld Against
Nominated at the Meeting SAL ZIZZA Shareholder For Against
02 TO APPROVE THE SELECTION OF PRICEWATERHOUSECOOPERS Management For For No
LLP AS INDEPENDENT ACCOUNTANTS OF THE COMPANY.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 102 150,000 150,000 15,000 5/5/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
VERIZON COMMUNICATIONS INC. VZ Annual Meeting Date: 05/05/2005
Issuer: 92343V ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
J.R. BARKER Management For For
R.L. CARRION Management For For
R.W. LANE Management For For
S.O. MOOSE Management For For
J. NEUBAUER Management For For
T.H. O'BRIEN Management For For
H.B. PRICE Management For For
I.G. SEIDENBERG Management For For
W.V. SHIPLEY Management For For
J.R. STAFFORD Management For For
R.D. STOREY Management For For
02 RATIFICATION OF INDEPENDENT REGISTERED PUBLIC Management For For No
ACCOUNTING FIRM
03 CUMULATIVE VOTING Shareholder Against For No
04 MAJORITY VOTE FOR ELECTION OF DIRECTORS Shareholder Against For No
05 BOARD COMPOSITION Shareholder Against For No
06 SEPARATE CHAIRMAN AND CEO Shareholder Against For No
07 DIRECTORS LIABILITY Shareholder Against For No
08 REPORT ON POLITICAL CONTRIBUTIONS Shareholder Against For No
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 104 30,000 30,000 30,000 5/4/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
WISCONSIN ENERGY CORPORATION WEC Annual Meeting Date: 05/05/2005
Issuer: 976657 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
JOHN F. AHEARNE Management For For
JOHN F. BERGSTROM Management For For
BARBARA L. BOWLES Management For For
ROBERT A. CORNOG Management For For
CURT S. CULVER Management For For
GALE E. KLAPPA Management For For
ULICE PAYNE, JR. Management For For
F.P. STRATTON, JR. Management For For
GEORGE E. WARDEBERG Management For For
02 RATIFICATION OF DELOITTE & TOUCHE LLP AS INDEPENDENT Management For For No
AUDITORS FOR 2005.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 106 70,000 70,000 70,000 5/2/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
TELEFONICA MOVILES, S.A. TEM Annual Meeting Date: 05/06/2005
Issuer: 87938V ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 REVIEW AND APPROVAL, IF PERTINENT, OF THE FINANCIAL Management For For No
STATEMENTS AND OF THE MANAGEMENT REPORT OF BOTH
TELEFONICA MOVILES, S.A., AND ITS CONSOLIDATED GROUP
OF COMPANIES, AS WELL AS APPROVAL OF THE PROPOSAL
FOR ALLOCATION OF THE RESULTS OF TELEFONICA MOVILES,
S.A. AND APPROVAL OF THE MANAGEMENT OF ITS BOARD OF
DIRECTORS, ALL PERTAINING TO FISCAL YEAR 2004.
02 SHAREHOLDER S REMUNERATION: DIVIDEND PAYMENT Management For For No
IN A FIX GROSS AMOUNT OF 0.193 EUROS PER OUTSTANDING
SHARE, AGAINST PROFITS FOR THE YEAR 2004.
03 RE-ELECTION OF MR. JAVIER ECHENIQUE LANDIRIBAR Management For For No
AND MR. JOSE MARIA ALVAREZ PALLETE AS DIRECTORS,
FOR A NEW TERM OF 5 YEARS.
04 APPOINTMENT OF THE COMPANY S AUDITOR (ERNST Management For For No
& YOUNG, S.L) FOR YEARS 2005 TO 2007, BOTH INCLUDED.
05 AUTHORIZATION FOR THE ACQUISITION OF ITS OWN Management For For No
SHARES, DIRECTLY OR THROUGH A COMPANY IN THE GROUP.
06 DELEGATION OF FACULTIES TO FORMALIZE, INTERPRET, Management For For No
CORRECT AND EXECUTE THE RESOLUTIONS ADOPTED BY
THE GENERAL SHAREHOLDERS MEETING.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 105 200 200 200 5/3/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
UNISOURCE ENERGY CORPORATION UNS Annual Meeting Date: 05/06/2005
Issuer: 909205 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
JAMES S. PIGNATELLI Management For For
LAWRENCE J. ALDRICH Management For For
LARRY W. BICKLE Management For For
ELIZABETH T. BILBY Management For For
HAROLD W. BURLINGAME Management For For
JOHN L. CARTER Management For For
ROBERT A. ELLIOTT Management For For
KENNETH HANDY Management For For
WARREN Y. JOBE Management For For
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 106 175,000 175,000 175,000 5/3/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
ORMAT TECHNOLOGIES, INC. ORA Annual Meeting Date: 05/09/2005
Issuer: 686688 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
YORAM BRONICKI Management For For
EDWARD R. MULLER Management For For
02 TO RATIFY THE SELECTION OF PRICEWATERHOUSECOOPERS Management For For No
LLP AS INDEPENDENT AUDITORS OF THE COMPANY FOR
ITS FISCAL YEAR ENDING DECEMBER 31, 2005.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 102 20,000 20,000 20,000 5/4/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
SOUTHERN UNION COMPANY SUG Annual Meeting Date: 05/09/2005
Issuer: 844030 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 TO APPROVE AN AMENDMENT TO THE COMPANY S CERTIFICATE Management For For No
OF INCORPORATION TO ELIMINATE THE CLASSIFICATION
OF DIRECTORS.
02 TO APPROVE AMENDMENTS TO THE COMPANY S CERTIFICATE Management For For No
OF INCORPORATION TO ELIMINATE THE REQUIREMENT
THAT DIRECTORS MAY BE REMOVED ONLY FOR CAUSE
AND THE PROVISION SPECIFYING WHEN CAUSE FOR REMOVAL
SHALL BE CONSTRUED TO EXIST.
03 TO APPROVE AN AMENDMENT TO THE COMPANY S CERTIFICATE Management For For No
OF INCORPORATION TO ELIMINATE CUMULATIVE VOTING.
04 TO APPROVE AN AMENDMENT TO THE COMPANY S CERTIFICATE Management For For No
OF INCORPORATION TO ADD A DIRECTOR QUALIFICATION
THAT PERMITS ANY INDIVIDUAL WHO IS AN OFFICER
OF THE COMPANY TO BE ELIGIBLE TO BE A DIRECTOR,
AS MORE FULLY DESCRIBED IN THE PROXY STATEMENT.
05 TO REMOVE ALL OF THE CURRENT DIRECTORS WITHOUT Management For For No
CAUSE.
06 DIRECTOR Management For For No
07A TO ELECT DAVID BRODSKY.** Management For For No
07B TO ELECT HERBERT H. JACOBI.** Management For For No
07C TO ELECT THOMAS F. KARAM.** Management For For No
07D TO ELECT GEORGE L. LINDEMANN.** Management For For No
08 TO AMEND THE COMPANY S 2003 STOCK AND INCENTIVE Management For For No
PLAN.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 106 110,000 110,000 110,000 5/8/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
ALLETE, INC. ALE Annual Meeting Date: 05/10/2005
Issuer: 018522 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
EDDINS Management For For
JOHNSON Management For For
LUDLOW Management For For
MAYER Management For For
PEIRCE Management For For
RAJALA Management For For
SHIPPAR Management For For
SMITH Management For For
STENDER Management For For
02 RATIFICATION OF THE APPOINTMENT OF Management For For No
PRICEWATERHOUSECOOPERS LLP AS ALLETE S INDEPENDENT
REGISTERED PUBLIC ACCOUNTING FIRM.
03 APPROVAL OF THE CONTINUATION OF THE ALLETE EXECUTIVE Management For For No
LONG-TERM INCENTIVE COMPENSATION PLAN.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 300 24,000 24,000 24,000 5/5/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
BIW LIMITED BIW Annual Meeting Date: 05/10/2005
Issuer: 05547U ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
MICHAEL J. ADANTI Management For For
MARY JANE BURT Management For For
JAMES E. COHEN Management For For
BETSY HENLEY-COHN Management For For
JURI HENLEY-COHN Management For For
ALVARO DA SILVA Management For For
THEMIS KLARIDES Management For For
B. LANCE SAUERTEIG Management For For
KENNETH E. SCHAIBLE Management For For
JOHN S. TOMAC Management For For
02 APPROVAL OF APPOINTMENT OF DWORKEN, HILLMAN, Management For For No
LAMORTE & STERCZALA, P.C. AS THE COMPANY S INDEPENDENT
AUDITORS.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 102 20,500 20,500 20,500 5/5/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
FLORIDA PUBLIC UTILITIES COMPANY FPU Annual Meeting Date: 05/10/2005
Issuer: 341135 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
PAUL L. MADDOCK, JR. Management For For
02 TO APPROVE THE NON-EMPLOYEE DIRECTORS COMPENSATION Management For For No
PLAN.
03 TO APPROVE AN AMENDMENT TO THE COMPANY S EMPLOYEE Management For For No
STOCK PURCHASE PLAN TO INCREASE THE NUMBER OF
SHARES OF COMMON STOCK AVAILABLE UNDER THE PLAN
BY 100,000 TREASURY SHARES.
04 TO RATIFY THE APPOINTMENT OF BDO SEIDMAN, LLP Management For For No
AS THE COMPANY S REGISTERED INDEPENDENT PUBLIC
ACCOUNTING FIRM.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 101 87,900 87,900 87,900 5/5/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
MGE ENERGY, INC. MGEE Annual Meeting Date: 05/10/2005
Issuer: 55277P ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
REGINA M. MILLNER Management For For
DONNA K. SOLLENBERGER Management For For
02 RATIFICATION OF PRICEWATERHOUSECOOPERS LLP FOR Management For For No
2005
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 104 65,100 65,100 65,100 5/5/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
NISOURCE INC. NI Annual Meeting Date: 05/10/2005
Issuer: 65473P ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
STEVEN R. MCCRACKEN Management For For
IAN M. ROLLAND Management For For
ROBERT C. SKAGGS, JR. Management For For
JOHN W. THOMPSON Management For For
02 RATIFICATION OF INDEPENDENT PUBLIC ACCOUNTANTS. Management For For No
03 APPROVAL OF THE AMENDMENTS TO THE COMPANY S LONG-TERM Management Against Against No
INCENTIVE PLAN.
04 APPROVAL OF THE AMENDMENTS TO THE COMPANY S EMPLOYEE Management For For No
STOCK PURCHASE PLAN.
05 STOCKHOLDER PROPOSAL TO ELECT DIRECTORS ANNUALLY Shareholder Against For No
06 STOCKHOLDER PROPOSAL TO ELECT DIRECTORS BY MAJORITY Shareholder Against For No
VOTE
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 105 30,521 30,521 30,521 5/5/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
NORTHEAST UTILITIES NU Annual Meeting Date: 05/10/2005
Issuer: 664397 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
RICHARD H. BOOTH Management For For
COTTON MATHER CLEVELAND Management For For
SANFORD CLOUD, JR. Management For For
JAMES F. CORDES Management For For
E. GAIL DE PLANQUE Management For For
JOHN G. GRAHAM Management For For
ELIZABETH T. KENNAN Management For For
ROBERT E. PATRICELLI Management For For
CHARLES W. SHIVERY Management For For
JOHN F. SWOPE Management For For
02 RATIFICATION OF DELOITTE & TOUCHE LLP AS INDEPENDENT Management For For No
AUDITORS FOR 2005.
03 AMENDMENT TO DECLARATION OF TRUST CONCERNING Management For For No
ELECTRONIC DISTRIBUTION OF NOTICES TO SHAREHOLDERS
AND VOTING METHODS.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 106 170,000 170,000 170,000 5/5/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
PUGET ENERGY, INC. PSD Annual Meeting Date: 05/10/2005
Issuer: 745310 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
WILLIAM S. AYER Management For For
CHARLES W. BINGHAM Management For For
ROBERT L. DRYDEN Management For For
SALLY G. NARODICK Management For For
02 APPROVAL OF A LONG-TERM INCENTIVE PLAN. Management For For No
03 APPROVAL OF A NONEMPLOYEE DIRECTOR STOCK PLAN. Management For For No
04 RATIFICATION OF THE APPOINTMENT OF Management For For No
PRICEWATERHOUSECOOPERS LLP AS OUR INDEPENDENT
REGISTERED PUBLIC ACCOUNTING FIRM FOR FISCAL YEAR
2005.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 102 33,000 33,000 33,000 5/5/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
CONNECTICUT WATER SERVICE, INC. CTWS Annual Meeting Date: 05/11/2005
Issuer: 207797 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
MARY ANN HANLEY Management For For
MARK G. KACHUR Management For For
RONALD D. LENGYEL Management For For
DAVID A. LENTINI Management For For
02 PROPOSAL TO RATIFY THE APPOINTMENT OF Management For For No
PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT AUDITORS
FOR THE YEAR ENDING DECEMBER 31, 2005.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 101 7,500 7,500 7,500 5/6/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
MAINE & MARITIMES CORPORATION MAM Annual Meeting Date: 05/11/2005
Issuer: 560377 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
D. JAMES DAIGLE Management For For
G. MELVIN HOVEY Management For For
LANCE A. SMITH Management For For
DEBORAH L. GALLANT Management For For
02 AMENDMENTS OF THE COMPANY S 2002 STOCK OPTION Management Against Against No
PLAN TO PROVIDE FOR STOCK GRANTS.
03 RATIFICATION OF THE SELECTION OF VITALE, CATURANO Management For For No
& CO. AS THE COMPANY S INDEPENDENT AUDITORS FOR
2005.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 103 68,000 68,000 68,000 5/6/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
MURPHY OIL CORPORATION MUR Annual Meeting Date: 05/11/2005
Issuer: 626717 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
F.W. BLUE Management For For
G.S. DEMBROSKI Management For For
C.P. DEMING Management For For
R.A. HERMES Management For For
R.M. MURPHY Management For For
W.C. NOLAN, JR. Management For For
I.B. RAMBERG Management For For
N.E. SCHMALE Management For For
D.J.H. SMITH Management For For
C.G. THEUS Management For For
02 PROPOSED AMENDMENT TO THE COMPANY S CERTIFICATE Management For For No
OF INCORPORATION.
03 APPROVE THE APPOINTMENT OF KPMG LLP AS INDEPENDENT Management For For No
REGISTERED PUBLIC ACCOUNTING FIRM.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 102 1,000 1,000 1,000 5/6/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
PATINA OIL & GAS CORPORATION POG Special Meeting Date: 05/11/2005
Issuer: 703224 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 TO CONSIDER AND VOTE UPON A PROPOSAL TO ADOPT Management For For No
THE AGREEMENT AND PLAN OF MERGER, DATED AS OF
DECEMBER 15, 2004, BY AND AMONG NOBLE ENERGY, INC.,
NOBLE ENERGY PRODUCTION, INC. AND PATINA OIL & GAS
CORPORATION, PURSUANT TO WHICH PATINA WILL MERGE
WITH AND INTO NOBLE ENERGY PRODUCTION, INC.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 105 10,000 10,000 10,000 5/6/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
PROGRESS ENERGY, INC. PGN Annual Meeting Date: 05/11/2005
Issuer: 743263 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
W. MCCOY Management For For
J. MULLIN,III Management For For
C. SALADRIGAS Management For For
02 RATIFICATION OF THE SELECTION OF DELOITTE & TOUCHE Management For For No
LLP AS PROGRESS ENERGY S INDEPENDENT REGISTERED
PUBLIC ACCOUNTING FIRM FOR 2005.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 105 100,000 100,000 100,000 5/6/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
TELE2 AB TLTZF.PK AGM Meeting Date: 05/11/2005
Issuer: W95878117 ISIN: SE0000314312
SEDOL: 5316779, 5065060
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
* IMPORTANT MARKET PROCESSING REQUIREMENT: A BENEFICIAL Non-Voting *Management Position Unknown No
OWNER SIGNED POWER OF ATTORNEY (POA) IS REQUIRED IN
ORDER TO LODGE AND EXECUTE YOUR VOTING INSTRUCTIONS
IN THIS MARKET. ABSENCE OF A POA, MAY CAUSE YOUR
INSTRUCTIONS TO BE REJECTED. SHOULD YOU HAVE ANY
QUESTIONS, PLEASE CONTACT YOUR CLIENT SERVICE
REPRESENTATIVE AT ADP. THANK YOU
* PLEASE NOTE THAT ABSTAIN IS NOT A VALID VOTE Non-Voting *Management Position Unknown No
OPTION IN SWEDEN. THANK YOU.
* MARKET RULES REQUIRE ADP TO DISCLOSE BENEFICIAL Non-Voting *Management Position Unknown No
OWNER INFORMATION FOR ALL VOTED ACCOUNTS. IF AN
ACCOUNT HAS MULTIPLE BENEFICIAL OWNERS, YOU WILL
NEED TO PROVIDE THE BREAKDOWN OF EACH BENEFICIAL
OWNER NAME, ADDRESS AND SHARE POSITION TO YOUR ADP
CLIENT SERVICE REPRESENTATIVE. THIS INFORMATION IS
REQUIRED IN ORDER FOR ADP TO LODGE YOUR VOTE
1. ELECT MR. SVEN HAGSTROMER AS THE CHAIRMAN OF Management For *Management Position Unknown No
THE MEETING
2. APPROVE THE VOTING LIST Management For *Management Position Unknown No
3. APPROVE THE AGENDA Management For *Management Position Unknown No
4. ELECT ONE OR TWO PERSONS TO CHECK AND VERIFY Management For *Management Position Unknown No
THE MINUTES
5. APPROVE TO DETERMINE WHETHER THE MEETING HAS Management For *Management Position Unknown No
BEEN DULY CONVENED
6. RECEIVE THE ANNUAL REPORT AND THE AUDITORS REPORT Management For *Management Position Unknown No
AND OF THE CONSOLIDATED FINANCIAL STATEMENTS
AND THE AUDITORS REPORT ON THE CONSOLIDATED
FINANCIAL STATEMENTS
10. APPROVE TO DETERMINE THE NUMBER OF MEMBERS OF Management For *Management Position Unknown No
THE BOARD OF DIRECTORS AS SEVEN
7. APPROVE THE DECISION ON THE ADOPTION OF THE INCOME Management For *Management Position Unknown No
STATEMENT AND BALANCE SHEET AND OF THE CONSOLIDATED
INCOME STATEMENT AND THE CONSOLIDATED BALANCE
SHEET
8. APPROVE AN ORDINARY DIVIDEND FOR THE FY 2004 Management For *Management Position Unknown No
CORRESPONDING TO SEK 5 PER SHARE; THE BOARD OF
DIRECTORS FURTHER PROPOSES THAT THE RECORD DATE
FOR THE DIVIDEND SHALL BE MONDAY 16 MAY 2005
9. GRANT DISCHARGE FROM LIABILITY OF THE MEMBERS Management For *Management Position Unknown No
OF THE BOARD OF DIRECTORS AND THE MANAGING DIRECTOR
11. APPROVE THAT THE FEE OF THE MEMBERS OF THE BOARD Management For *Management Position Unknown No
OF DIRECTORS FOR THE PERIOD UNTIL THE END OF THE
NEXT AGM SHALL BE A TOTAL OF SEK 3,350,000, WHEREOF
SEK 800,000 SHALL BE ALLOCATED TO THE CHAIRMAN, SEK
400,000 TO EACH OF THE OTHER MEMBERS OF THE BOARD OF
DIRECTORS RESPECTIVELY AND A TOTAL OF SEK 150,000 BE
ALLOCATED FOR THE WORK OF THE MEMBERS WITHIN THE
COMMITTEES OF THE BOARD OF DIRECTORS
12. RE-ELECT MESSERS. MARC J.A. BEULS, VIGO CARLUND, Management For *Management Position Unknown No
SVEN HAGSTROMER, JAN LOEBER, JOHN SHAKESHAFT
AND CRISTINA STENBECK AS THE BOARD OF MEMBERS
AND ELECT MR. JOHN HEPBURN AS A NEW MEMBER OF
THE BOARD OF DIRECTORS
13. APPROVE THAT THE FOLLOWING PROCEDURE FOR THE Management For *Management Position Unknown No
NOMINATION GROUP FOR THE ELECTION OF MEMBERS OF THE
BOARD OF DIRECTORS; THE WORK OF PREPARING A PROPOSAL
OF THE MEMBERS TO THE BOARD OF DIRECTORS FOR THE AGM
OF 2006 SHALL BE EXECUTED BY A NOMINATION GROUP; THE
NOMINATION GROUP WILL BE FORMED DURING THE AUTUMN OF
2005, IN CONSULTATION WITH AT LEAST THREE OF THE
MAJOR SHAREHOLDERS AND CRISTINA STENBECK WILL ACT AS
CONVENOR OF THE GROUP; THE COMPOSITION OF THE GROUP
WILL BE COMMUNICATED IN THE INTERIM REPORT FOR THE
THIRD QUARTER OF 2005
15. CLOSURE OF THE MEETING Management For *Management Position Unknown No
14.a AMEND THE ARTICLES OF ASSOCIATION TO THE EFFECT Management For *Management Position Unknown No
THAT THE PROVISION IN SECTION 4 IS CHANGED SO THAT
THE PAR VALUE PER SHARE IS CHANGED FROM SEK 5 TO SEK
1.25; THIS MEANS A SPLIT OF SHARES, WHEREBY EACH
SHARE IRRESPECTIVE OF CLASS IS DIVIDED INTO FOUR
SHARES OF WHICH ONE OF THE SHARES WILL BE A
SO-CALLED REDEMPTION SHARE; THE BOARD OF DIRECTORS
PROPOSES THAT THE RECORD DAY FOR THE SHARE SPLIT
SHALL BE MONDAY 23 MAY 2005
14.b AMEND THE ARTICLES OF ASSOCIATION TO THE EFFECT Management For *Management Position Unknown No
THAT A NEW CLASS OF SHARES IS INTRODUCED, CLASS C
SHARES, WHICH CARRY ONE VOTE PER SHARE CLASS C
SHARES SHALL NOT ENTITLE TO DIVIDENDS; THE CUSTOMARY
PROVISION ON, RESPECTIVELY, PRIMARY AND SUBSIDIARY
PREFERENTIAL RIGHT AT CASH ISSUE SHALL APPLY ALSO
FOR CLASS C SHARES, WHICH, HOWEVER, SHALL NOT
ENTITLE TO PARTICIPATION IN A BONUS ISSUE OF SHARES;
UPON THE BOARD OF DIRECTORS OR THE COMPANY S
REQUEST, THE CLASS C SHARES SHALL BE REDEEMABLE AND,
UPON THE LIQUIDATION OF THE COMPANY, ENTITLE THE
HOLDER TO A LIMITED RIGHT TO ASSETS EQUAL TO THE PAR
VALUE OF THE SHARE, ANNUALIZED BY AN INTEREST RATE
PROVIDED IN THE ARTICLES OF ASSOCIATION; UPON
REDEMPTION, THE CLASS C SHARE SHALL ENTITLE THE
HOLDER TO PAYMENT EQUAL TO THE PAR VALUE ANNUALIZED
BY AN INTEREST RATE PROVIDED IN THE ARTICLES OF
ASSOCIATION
14.c APPROVE TO REDUCE THE COMPANY S SHARE CAPITAL Management For *Management Position Unknown No
BY SEK 184,450,218.75 BY REDEMPTION OF A TOTAL OF
147,560,175 SHARES, EACH AT A PAR VALUE SEK 1.25, OF
WHICH 15,516,663 ARE CLASS A SHARES AND 132,043,512
ARE CLASS B SHARES; THE REDEMPTION AMOUNT PER SHARE,
IRRESPECTIVE OF CLASS, SHALL BE SEK 10; THE BOARD OF
DIRECTORS PROPOSES THAT TRADING IN SO-CALLED
REDEMPTION SHARES SHALL TAKE PLACE FROM 24 MAY 2005
UP TO AND INCLUDING 10 JUN 2005; THE BOARD OF
DIRECTORS PROPOSES THAT THE RECORD DATE FOR
REDEMPTION SHALL BE 17 JUN 2005; THE REDEMPTION
PAYMENT IS EXPECTED TO BE EXECUTED THROUGH VPC
AROUND 22 JUN 2005
14.d APPROVE TO INCREASE THE COMPANY S SHARE CAPITAL Management For *Management Position Unknown No
BY A MAXIMUM OF SEK 184,450,218.75 BY AN ISSUE OF A
MAXIMUM OF 147,560,175 CLASS C SHARES, EACH AT A PAR
VALUE OF SEK 1.25; THE NEW SHARES SHALL, WITH
DISAPPLICATION OF THE SHAREHOLDERS PREFERENTIAL
RIGHTS, BE SUBSCRIBED FOR BY A SECURITIES COMPANY AT
A SUBSCRIPTION PRICE EQUAL TO THE PAR VALUE OF THE
SHARE; THE PROPOSAL IS CONTINGENT UPON REGISTRATION
OF THE AMENDMENTS TO THE ARTICLES OF ASSOCIATION
UNDER SUB-SECTIONS 14 A AND B ABOVE
14.e APPROVE TO REDUCE THE SHARE CAPITAL BY SEK Management For *Management Position Unknown No
184,450,218.75 BY REDEMPTION OF ALL CLASS C SHARES;
THE REDEMPTION SHALL BE EXECUTED AS SOON AS THE
ISSUE OF CLASS C SHARES HAS BEEN REGISTERED; THE
OBJECTIVE OF THE REDUCTION IS RESTITUTION TO THE
HOLDERS OF CLASS C SHARES BY AN AMOUNT EQUAL TO THE
PAR VALUE OF SEK 1.25, ANNUALIZED BY THE INTEREST
RATE PROVIDED IN THE ARTICLES OF ASSOCIATION; IN
ADDITION, IT IS PROPOSED THAT THE MEETING RESOLVES
THAT AN AMOUNT EQUAL TO THE AMOUNT OF THE REDUCTION
IS TRANSFERRED FROM THE UNRESTRICTED EQUITY TO THE
COMPANY S RESERVES; THE PROPOSAL IS CONTINGENT UPON
REGISTRATION OF THE AMENDMENTS TO THE ARTICLES OF
ASSOCIATION UNDER SUB-SECTIONS 14 A AND B ABOVE
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI GETF0037002 200 200 200 4/26/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
UIL HOLDINGS CORPORATION UIL Annual Meeting Date: 05/11/2005
Issuer: 902748 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
02 RATIFICATION OF THE SELECTION OF Management For For No
PRICEWATERHOUSECOOPERS LLP AS UIL HOLDINGS
CORPORATION S INDEPENDENT PUBLIC ACCOUNTANTS FOR
2005.
03 PROPOSAL TO APPROVE AMENDMENT TO EMPLOYMENT AGREEMENT Management For For No
OF NATHANIEL D. WOODSON AND PHANTOM STOCK OPTIONS
AWARD THEREUNDER AND SECOND AMENDMENT TO THE UNITED
ILLUMINATING COMPANY PHANTOM STOCK OPTION AGREEMENT
(TO MAKE PHANTOM SHARES PAYABLE IN SHARES OF UIL
HOLDINGS STOCK RATHER THAN CASH).
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 102 22,000 22,000 22,000 5/6/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
ALLEGHENY ENERGY, INC. AYE Annual Meeting Date: 05/12/2005
Issuer: 017361 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
H. FURLONG BALDWIN Management For For
ELEANOR BAUM Management For For
PAUL J. EVANSON Management For For
CYRUS F. FREIDHEIM, JR. Management For For
JULIA L. JOHNSON Management For For
TED J. KLEISNER Management For For
STEVEN H. RICE Management For For
GUNNAR E. SARSTEN Management For For
MICHAEL H. SUTTON Management For For
02 RATIFICATION OF APPOINTMENT OF PRICEWATERHOUSECOOPERS Management For For No
LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM.
03 STOCKHOLDER PROPOSAL REQUIRING MANAGEMENT TO Shareholder Against For No
RETAIN STOCK.
04 STOCKHOLDER PROPOSAL REGARDING AN INDEPENDENT Shareholder Against For No
BOARD CHAIRMAN.
05 STOCKHOLDER PROPOSAL TO DISCOURAGE ANY OVEREXTENDED Shareholder Against For No
DIRECTORS.
06 STOCKHOLDER PROPOSAL REGARDING PERFORMANCE-BASED Shareholder Against For No
OPTIONS.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 106 369,400 369,400 369,400 5/9/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
ANADARKO PETROLEUM CORPORATION APC Annual Meeting Date: 05/12/2005
Issuer: 032511 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
JOHN R. BUTLER, JR. Management For For
PRESTON M. GEREN III Management For For
JOHN R. GORDON Management For For
02 APPROVAL OF AMENDED AND RESTATED 1999 STOCK INCENTIVE Management For For No
PLAN
03 RATIFICATION OF APPOINTMENT OF INDEPENDENT ACCOUNTANTS Management For For No
04 STOCKHOLDER PROPOSAL-CORPORATE POLITICAL GIVING Shareholder Against For No
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 107 1,000 1,000 1,000 5/9/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
AVISTA CORP. AVA Annual Meeting Date: 05/12/2005
Issuer: 05379B ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
ROY LEWIS EIGUREN Management For For
GARY G. ELY Management For For
JESSIE J. KNIGHT, JR. Management For For
02 RATIFICATION OF THE APPOINTMENT OF THE FIRM OF Management For For No
DELOITTE & TOUCHE LLP AS THE INDEPENDENT REGISTERED
PUBLIC ACCOUNTING FIRM OF THE COMPANY FOR 2005.
03 APPROVAL OF THE AVISTA CORPORATION LONG-TERM Management Against Against No
INCENTIVE COMPENSATION PLAN, AS AMENDED.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 107 3,500 3,500 3,500 5/9/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
CENTURYTEL, INC. CTL Annual Meeting Date: 05/12/2005
Issuer: 156700 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
VIRGINIA BOULET Management For For
CALVIN CZESCHIN Management For For
JAMES B. GARDNER Management For For
GREGORY J. MCCRAY Management For For
02 TO RATIFY THE SELECTION OF KPMG LLP AS THE COMPANYS Management For For No
INDEPENDENT AUDITOR FOR 2005.
03 APPROVAL OF THE 2005 MANAGEMENT INCENTIVE COMPENSATION Management For For No
PLAN.
04 APPROVAL OF THE 2005 DIRECTORS STOCK PLAN. Management For For No
05 APPROVAL OF THE 2005 EXECUTIVE OFFICER SHORT-TERM Management For For No
INCENTIVE PROGRAM.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 106 50,000 50,000 50,000 5/9/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
CHINA MOBILE (HONG KONG) LIMITED CHL Annual Meeting Date: 05/12/2005
Issuer: 16941M ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 TO RECEIVE AND CONSIDER THE FINANCIAL STATEMENTS Management For *Management Position Unknown No
AND THE REPORTS OF THE DIRECTORS AND OF THE AUDITORS.
02 TO DECLARE A FINAL DIVIDEND FOR THE YEAR ENDED Management For *Management Position Unknown No
31 DECEMBER 2004.
03A TO RE-ELECT WANG JIANZHOU AS A DIRECTOR. Management For *Management Position Unknown No
03B TO RE-ELECT ZHANG CHENSHUANG AS A DIRECTOR. Management For *Management Position Unknown No
03C TO RE-ELECT LI MOFANG AS A DIRECTOR. Management For *Management Position Unknown No
03D TO RE-ELECT JULIAN MICHAEL HORN-SMITH AS A DIRECTOR. Management For *Management Position Unknown No
03E TO RE-ELECT LI YUE AS A DIRECTOR. Management For *Management Position Unknown No
03F TO RE-ELECT HE NING AS A DIRECTOR. Management For *Management Position Unknown No
03G TO RE-ELECT FRANK WONG KWONG SHING AS A DIRECTOR. Management For *Management Position Unknown No
04 TO RE-APPOINT MESSRS KPMG AS AUDITORS AND TO Management For *Management Position Unknown No
AUTHORISE THE DIRECTORS TO FIX THEIR REMUNERATION.
05 TO REPURCHASE SHARES IN THE COMPANY NOT EXCEEDING Management For *Management Position Unknown No
10% OF THE AGGREGATE NOMINAL AMOUNT OF THE EXISTING
ISSUED SHARE CAPITAL.
06 TO ISSUE, ALLOT AND DEAL WITH ADDITIONAL SHARES Management For *Management Position Unknown No
IN THE COMPANY NOT EXCEEDING 20% OF THE EXISTING
ISSUED SHARE CAPITAL.
07 TO EXTEND THE GENERAL MANDATE GRANTED TO THE Management For *Management Position Unknown No
DIRECTORS TO ISSUE, ALLOT AND DEAL WITH SHARES
BY THE NUMBER OF SHARES REPURCHASED.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 109 1,000 1,000 1,000 4/28/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
CHINA UNICOM LIMITED CHU Special Meeting Date: 05/12/2005
Issuer: 16945R ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
A1 TO RECEIVE AND CONSIDER THE FINANCIAL STATEMENTS Management For *Management Position Unknown No
AND THE REPORTS OF THE DIRECTORS AND OF THE AUDITORS.
A2 TO DECLARE A FINAL DIVIDEND FOR THE YEAR ENDED Management For *Management Position Unknown No
31 DECEMBER 2004.
A3 DIRECTOR Management For No
MR. SHANG BING Management For For
MR. WU JINGLIAN Management For For
MR. SHAN WEIJIAN Management For For
MR. ZHAO LE Management For For
A3A TO AUTHORIZE THE DIRECTORS TO FIX DIRECTORS FEES Management For *Management Position Unknown No
FOR THE YEAR ENDING 31 DECEMBER 2005.
A4 TO RE-APPOINT PRICEWATERHOUSECOOPERS AS AUDITORS, Management For *Management Position Unknown No
AND TO FIX THEIR REMUNERATION FOR THE YEAR ENDING
31 DECEMBER 2005.
A5 TO GRANT A MANDATE TO THE DIRECTORS TO REPURCHASE Management For *Management Position Unknown No
SHARES NOT EXCEEDING 10% OF THE AMOUNT OF THE
EXISTING ISSUED SHARE CAPITAL
A6 TO GRANT A MANDATE TO DIRECTORS TO ISSUE, ALLOT Management For *Management Position Unknown No
AND DEAL WITH SHARES NOT EXCEEDING 20% OF THE
EXISTING ISSUED SHARE CAPITAL.
A7 TO EXTEND THE GENERAL MANDATE GRANTED TO THE Management For *Management Position Unknown No
DIRECTORS TO ISSUE, ALLOT AND DEAL WITH SHARES
BY THE NUMBER OF SHARES REPURCHASED.
E1 THE TRANSFER AGREEMENT OF THE NEW CDMA LEASE Management For *Management Position Unknown No
BE AND ARE HEREBY APPROVED.
E2 THE TRANSFER AGREEMENT OF THE NEW COMPREHENSIVE Management For *Management Position Unknown No
SERVICES AGREEMENTS BE AND ARE HEREBY APPROVED.
E3 THE TRANSFER AGREEMENT OF THE NEW COMPREHENSIVE Management For *Management Position Unknown No
OPERATOR SERVICES AGREEMENT BE AND ARE HEREBY
APPROVED.
E4 THE NEW GUOXIN PREMISES LEASING AGREEMENT BE Management For *Management Position Unknown No
AND ARE HEREBY APPROVED.
E5 THE CAPS FOR FINANCIAL YEARS ENDING 31 DECEMBER Management For *Management Position Unknown No
2005 AND 2006 ON EACH OF THE CAPPED CONTINUING
CONNECTED TRANSACTIONS BE APPROVED
E6 THERE BE NO CAPS ON THE TRANSACTION AMOUNT OF Management For *Management Position Unknown No
EACH OF THE NO CAPS CONTINUING CONNECTED
TRANSACTIONS BE APPROVED.
E7 THE DIRECTORS ARE HEREBY AUTHORISED TO DO ALL Management For *Management Position Unknown No
SUCH FURTHER ACTS, TO IMPLEMENT THE TERMS OF
THE CONTINUING CONNECTED TRANSACTIONS.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 104 1,000 1,000 1,000 5/2/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
COMMONWEALTH TELEPHONE ENTERPRISES, CTCO Annual Meeting Date: 05/12/2005
Issuer: 203349 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
JAMES Q. CROWE Management For For
RICHARD R. JAROS Management For For
EUGENE ROTH Management For For
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 105 10,200 10,200 10,200 5/9/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
DUKE ENERGY CORPORATION DUK Annual Meeting Date: 05/12/2005
Issuer: 264399 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
ROGER AGNELLI* Management For For
G. ALEX BERNHARDT, SR.* Management For For
DENNIS R. HENDRIX* Management For For
A. MAX LENNON** Management For For
02 APPROVAL OF AMENDMENTS TO DUKE ENERGY S RESTATED Management For For No
ARTICLES OF INCORPORATION TO ELIMINATE
CLASSIFICATION OF DUKE ENERGY S BOARD OF DIRECTORS.
03 RATIFICATION OF DELOITTE & TOUCHE LLP AS DUKE Management For For No
ENERGY S INDEPENDENT AUDITORS FOR 2005.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 106 160,000 160,000 160,000 5/9/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
SOUTHWEST WATER COMPANY SWWC Annual Meeting Date: 05/12/2005
Issuer: 845331 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
JAMES C. CASTLE, PH.D. Management For For
WILLIAM D. JONES Management For For
MAUREEN A. KINDEL Management For For
02 TO APPROVE AN AMENDMENT TO THE COMPANY S AMENDED Management For For No
AND RESTATED CERTIFICATE OF INCORPORATION DELETING
ALL REFERENCES TO SERIES D PREFERRED STOCK.
03 TO APPROVE AN AMENDMENT TO THE COMPANY S AMENDED Management For For No
AND RESTATED CERTIFICATE OF INCORPORATION THAT THE
AUTHORIZED NUMBER OF DIRECTORS OF THE BOARD OF
DIRECTORS WILL BE SET FORTH IN THE COMPANY S BYLAWS.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 107 7,716 7,716 7,716 5/9/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
ENTERGY CORPORATION ETR Annual Meeting Date: 05/13/2005
Issuer: 29364G ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
M.S. BATEMAN Management For For
W.F. BLOUNT Management For For
S.D. DEBREE Management For For
C.P. DEMING Management For For
A.M. HERMAN Management For For
D.C. HINTZ Management For For
J.W. LEONARD Management For For
R. V.D. LUFT Management For For
K.A. MURPHY Management For For
J.R. NICHOLS Management For For
W.A. PERCY, II Management For For
D.H. REILLEY Management For For
S.V. WILKINSON Management For For
02 RATIFICATION OF EXTERNAL AUDITORS. Management For For No
03 STOCKHOLDER PROPOSAL REGARDING INDEPENDENT CHAIRMAN Shareholder Against For No
OF BOARD OF DIRECTORS.
04 STOCKHOLDER PROPOSAL REGARDING MAJORITY ELECTION Shareholder Against For No
OF DIRECTORS.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 103 3,000 3,000 3,000 5/10/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
CONSOLIDATED EDISON, INC. ED Annual Meeting Date: 05/16/2005
Issuer: 209115 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
V.A. CALARCO Management For For
G. CAMPBELL, JR. Management For For
G.J. DAVIS Management For For
M.J. DEL GIUDICE Management For For
J.S. FREILICH Management For For
E.V. FUTTER Management For For
S. HERNANDEZ Management For For
P.W. LIKINS Management For For
E.R. MCGRATH Management For For
F.V. SALERNO Management For For
S.R. VOLK Management For For
02 RATIFICATION OF APPOINTMENT OF INDEPENDENT Management For For No
ACCOUNTANTS.
03 ADDITIONAL COMPENSATION INFORMATION. Shareholder Against For No
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 104 57,000 57,000 57,000 5/11/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
AMERICAN STATES WATER COMPANY AWR Annual Meeting Date: 05/17/2005
Issuer: 029899 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
JAMES L. ANDERSON Management For For
ANNE M. HOLLOWAY Management For For
FLOYD E. WICKS Management For For
02 TO APPROVE AMENDMENT TO THE 2003 NON-EMPLOYEE Management For For No
DIRECTORS STOCK PLAN.
03 TO APPROVE AMENDMENT TO THE 2000 STOCK INCENTIVE Management For For No
PLAN.
04 TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS, Management For For No
LLP AS THE INDEPENDENT AUDITORS.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 101 14,000 14,000 14,000 5/16/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
FIRSTENERGY CORP. FE Annual Meeting Date: 05/17/2005
Issuer: 337932 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
A.J. ALEXANDER Management For For
R.W. MAIER Management For For
R.N. POKELWALDT Management For For
W.M. TAYLOR Management For For
J.T. WILLIAMS, SR. Management For For
02 RATIFICATION OF INDEPENDENT REGISTERED PUBLIC Management For For No
ACCOUNTING FIRM
03 SHAREHOLDER PROPOSAL Shareholder Against For No
04 SHAREHOLDER PROPOSAL Shareholder Against For No
05 SHAREHOLDER PROPOSAL Shareholder Against For No
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 107 55,979 55,979 55,979 5/11/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
PNM RESOURCES, INC. PNM Annual Meeting Date: 05/17/2005
Issuer: 69349H ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
ADELMO E. ARCHULETA Management For For
JULIE A. DOBSON Management For For
CHARLES E. MCMAHEN Management For For
02 APPROVE THE APPOINTMENT OF DELOITTE & TOUCHE Management For For No
LLP AS INDEPENDENT ACCOUNTANTS FOR 2005.
03 APPROVE AMENDENT TO THE RESTATED ARTICLES OF Management For For No
INCORPORATION OF PNM RESOURCES, INC.
04 APPROVE AMENDED AND RESTATED OMNIBUS PERFORMANCE Management Against Against No
EQUITY PLAN.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 107 20,000 20,000 20,000 5/11/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
WESTAR ENERGY, INC. WR Annual Meeting Date: 05/17/2005
Issuer: 95709T ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
MOLLIE H. CARTER Management For For
JERRY B. FARLEY Management For For
JAMES S. HAINES, JR. Management For For
ARTHUR B. KRAUSE Management For For
02 AMENDMENT TO ARTICLES OF INCORPORATION THAT CHANGES Management For For No
THE NOTICE PERIOD FOR SUBMITTING SHAREHOLDER
PROPOSALS AND SHAREHOLDER NOMINEES
03 RATIFICATION AND CONFIRMATION OF DELOITTE & TOUCHE Management For For No
LLP AS THE COMPANY S INDEPENDENT REGISTERED PUBLIC
ACCOUNTING FIRM FOR 2005
04 SHAREHOLDER PROPOSAL REGARDING THE PROCESS FOR Shareholder Against For No
NOMINATION OF A DIRECTOR
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 100 235,000 235,000 235,000 5/12/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
ALLIANT ENERGY CORPORATION LNT Annual Meeting Date: 05/19/2005
Issuer: 018802 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
WILLIAM D. HARVEY Management For For
SINGLETON B. MCALLISTER Management For For
ANTHONY R. WEILER Management For For
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 108 75,000 75,000 75,000 5/13/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
AQUA AMERICA, INC. WTR Annual Meeting Date: 05/19/2005
Issuer: 03836W ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
MARY C. CARROLL Management For For
DR. C. PAPADAKIS Management For For
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 103 15,000 15,000 15,000 5/13/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
CABLEVISION SYSTEMS CORPORATION CVC Annual Meeting Date: 05/19/2005
Issuer: 12686C ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
CHARLES D. FERRIS Management For For
RICHARD H. HOCHMAN Management For For
VICTOR ORISTANO Management For For
VINCENT TESE Management For For
THOMAS V. REIFENHEISER Management For For
JOHN R. RYAN Management For For
02 PROPOSAL TO RATIFY AND APPROVE THE APPOINTMENT Management For For No
OF KPMG LLP, AS INDEPENDENT AUDITORS OF THE COMPANY
FOR THE FISCAL YEAR 2005.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 109 55,000 55,000 55,000 5/13/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
DYNEGY INC. DYN Annual Meeting Date: 05/19/2005
Issuer: 26816Q ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
CHARLES E. BAYLESS Management For For
DAVID W. BIEGLER Management For For
LINDA WALKER BYNOE Management For For
THOMAS D. CLARK, JR. Management For For
BARRY J. GALT Management For For
PATRICIA A. HAMMICK Management For For
GEORGE L. MAZANEC Management For For
ROBERT C. OELKERS Management For For
JOE J. STEWART Management For For
WILLIAM L. TRUBECK Management For For
BRUCE A. WILLIAMSON Management For For
02 PROPOSAL TO CHANGE DYNEGY S STATE OF INCORPORATION Management For For No
FROM ILLINOIS TO DELAWARE.
03 PROPOSAL TO RATIFY THE APPOINTMENT OF Management For For No
PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT AUDITORS
FOR DYNEGY FOR THE FISCAL YEAR ENDING DECEMBER 31,
2005.
04 SHAREHOLDER PROPOSAL REGARDING RECOUPMENT OF Shareholder Against For No
SENIOR EXECUTIVE COMPENSATION FOLLOWING RESTATEMENTS
THAT IMPACT ACHIEVEMENT OF PERFORMANCE TARGETS
RELATING TO SUCH COMPENSATION.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 101 40,000 40,000 40,000 5/16/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
EDISON INTERNATIONAL EIX Annual Meeting Date: 05/19/2005
Issuer: 281020 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
J.E. BRYSON Management For For
F.A. CORDOVA Management For For
B.M. FREEMAN Management For For
B. KARATZ Management For For
L.G. NOGALES Management For For
R.L. OLSON Management For For
J.M. ROSSER Management For For
R.T. SCHLOSBERG, III Management For For
R.H. SMITH Management For For
T.C. SUTTON Management For For
02 SHAREHOLDER PROPOSAL ON FUTURE GOLDEN PARACHUTES Shareholder Against For No
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 107 90,000 90,000 90,000 5/16/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
OGE ENERGY CORP. OGE Annual Meeting Date: 05/19/2005
Issuer: 670837 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
HERBERT H. CHAMPLIN Management For For
LINDA PETREE LAMBERT Management For For
RONALD H. WHITE, M.D. Management For For
02 RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS Management For For No
OUR PRINCIPAL INDEPENDENT ACCOUNTANTS.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 103 101,000 101,000 101,000 5/13/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
ONEOK, INC. OKE Annual Meeting Date: 05/19/2005
Issuer: 682680 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
JAMES C. DAY* Management For For
DAVID L. KYLE* Management For For
BERT H. MACKIE* Management For For
MOLLIE B. WILLIFORD* Management For For
EDUARDO A. RODRIGUEZ** Management For For
02 TO APPROVE THE ONEOK, INC. EQUITY COMPENSATION Management For For No
PLAN.
03 TO APPROVE AN AMENDMENT TO THE ONEOK, INC. EMPLOYEE Management For For No
STOCK PURCHASE PLAN.
04 TO RATIFY THE SELECTION OF KPMG LLP AS INDEPENDENT Management For For No
AUDITOR OF THE CORPORATION FOR THE 2005 FISCAL
YEAR.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 103 100,000 100,000 100,000 5/13/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
WPS RESOURCES CORPORATION WPS Annual Meeting Date: 05/19/2005
Issuer: 92931B ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
ALBERT J. BUDNEY, JR. Management For For
JAMES L. KEMERLING Management For For
JOHN C. MENG Management For For
02 RATIFY THE SELECTION OF DELOITTE & TOUCHE LLP Management For For No
AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM FOR WPS RESOURCES AND ITS SUBSIDIARIES FOR
2005.
03 APPROVE THE WPS RESOURCES CORPORATION 2005 OMNIBUS Management Against Against No
INCENTIVE COMPENSATION PLAN WHICH AUTHORIZES
1.6 MILLION SHARES OF COMMON STOCK FOR FUTURE
GRANTS.
04 APPROVE THE AMENDED AND RESTATED WPS RESOURCES Management Against Against No
CORPORATION DEFERRED COMPENSATION PLAN WHICH
INCREASES THE NUMBER OF SHARES OF COMMON STOCK
AVAILABLE FOR FUTURE GRANTS BY 500,000 SHARES.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 106 30,000 30,000 30,000 5/13/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
CMS ENERGY CORPORATION CMS Annual Meeting Date: 05/20/2005
Issuer: 125896 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
MERRIBEL S. AYRES Management For For
RICHARD M. GABRYS Management For For
EARL D. HOLTON Management For For
DAVID W. JOOS Management For For
PHILIP R. LOCHNER, JR. Management For For
MICHAEL T. MONAHAN Management For For
JOSEPH F. PAQUETTE, JR. Management For For
PERCY A. PIERRE Management For For
S. KINNIE SMITH, JR. Management For For
KENNETH L. WAY Management For For
KENNETH WHIPPLE Management For For
JOHN B. YASINSKY Management For For
02 RATIFICATION OF INDEPENDENT REGISTERED PUBLIC Management For For No
ACCOUNTING FIRM.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 100 200,000 200,000 200,000 5/16/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
CONSTELLATION ENERGY GROUP, INC. CEG Annual Meeting Date: 05/20/2005
Issuer: 210371 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
YVES C. DE BALMANN Management For For
F.A. HRABOWSKI, III Management For For
NANCY LAMPTON Management For For
LYNN M. MARTIN Management For For
02 RATIFICATION OF PRICEWATERHOUSECOOPERS LLP AS Management For For No
INDEPENDENT REGISTERED PUBLIC ACCOUNTANTS FOR
2005.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 100 76,000 76,000 76,000 5/16/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
FPL GROUP, INC. FPL Annual Meeting Date: 05/20/2005
Issuer: 302571 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
B RATIFICATION OF THE APPOINTMENT OF DELOITTE & Management For For No
TOUCHE LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM.
A DIRECTOR Management For No
H. JESSE ARNELLE Management For For
SHERRY S. BARRAT Management For For
ROBERT M. BEALL, II Management For For
J. HYATT BROWN Management For For
JAMES L. CAMAREN Management For For
LEWIS HAY, III Management For For
RUDY E. SCHUPP Management For For
MICHAEL H. THAMAN Management For For
HANSEL E. TOOKES II Management For For
PAUL R. TREGURTHA Management For For
FRANK G. ZARB Management For For
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 104 116,000 116,000 116,000 5/16/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
KEYSPAN CORPORATION KSE Annual Meeting Date: 05/20/2005
Issuer: 49337W ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
ROBERT B. CATELL Management For For
ANDREA S. CHRISTENSEN Management For For
ROBERT J. FANI Management For For
ALAN H. FISHMAN Management For For
JAMES R. JONES Management For For
JAMES L.LAROCCA Management For For
GLORIA C. LARSON Management For For
STEPHEN W. MCKESSY Management For For
EDWARD D. MILLER Management For For
VIKKI L. PRYOR Management For For
02 RATIFICATION OF DELOITTE & TOUCHE LLP AS INDEPENDENT Management For For No
REGISTERED ACCOUNTANTS.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 100 100,000 100,000 100,000 5/16/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
PEPCO HOLDINGS, INC. POM Annual Meeting Date: 05/20/2005
Issuer: 713291 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
EDMUND B. CRONIN, JR. Management For For
PAULINE A. SCHNEIDER Management For For
DENNIS R. WRAASE Management For For
02 A PROPOSAL TO AMEND THE RESTATED CERTIFICATE Management For For No
OF INCORPORATION TO DECLASSIFY THE COMPANY S
STAGGERED BOARD
03 A PROPOSAL TO RATIFY THE APPOINTMENT OF Management For For No
PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT REGISTERED
PUBIC ACCOUNTING FIRM OF THE COMPANY FOR 2005
04 SHAREHOLDER PROPOSAL CONCERNING THE ELECTION Shareholder Against For No
OF DIRECTORS BY A MAJORITY VOTE
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 102 22,500 22,500 22,500 5/16/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
TIM HELLAS TELECOMMUNICATIONS S.A. TIMHY Special Meeting Date: 05/20/2005
Issuer: 88706Q ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 AMENDMENT OF ARTICLE 12 OF THE ARTICLES OF Management For *Management Position Unknown No
ASSOCIATION OF THE COMPANY CONCERNING THE
AUTHORITY-COMPETENCES OF THE BOARD OF DIRECTORS.
02 AMENDMENT OF ARTICLE 21 OF THE ARTICLES OF Management For *Management Position Unknown No
ASSOCIATION OF THE COMPANY CONCERNING THE COMPETENCE
OF THE GENERAL ASSEMBLY OF SHAREHOLDERS.
03 AMENDMENT OF ARTICLE 27 OF THE ARTICLES OF Management For *Management Position Unknown No
ASSOCIATION OF THE COMPANY CONCERNING THE
EXTRAORDINARY QUORUM AND MAJORITY OF VOTES OF THE
GENERAL ASSEMBLY.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 104 200 200 200 5/11/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
TIME WARNER INC. TWX Annual Meeting Date: 05/20/2005
Issuer: 887317 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
JAMES L. BARKSDALE Management For For
STEPHEN F. BOLLENBACH Management For For
STEPHEN M. CASE Management For For
FRANK J. CAUFIELD Management For For
ROBERT C. CLARK Management For For
JESSICA P. EINHORN Management For For
MILES R. GILBURNE Management For For
CARLA A. HILLS Management For For
REUBEN MARK Management For For
MICHAEL A. MILES Management For For
KENNETH J. NOVACK Management For For
RICHARD D. PARSONS Management For For
R.E. TURNER Management For For
FRANCIS T. VINCENT, JR. Management For For
DEBORAH C. WRIGHT Management For For
02 RATIFICATION OF AUDITORS. Management For For No
03 STOCKHOLDER PROPOSAL REGARDING PAY COMPARISON. Shareholder Against For No
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 105 10,000 10,000 10,000 5/16/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
TXU CORP. TXU Annual Meeting Date: 05/20/2005
Issuer: 873168 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
DEREK C. BONHAM Management For For
E. GAIL DE PLANQUE Management For For
WILLIAM M. GRIFFIN Management For For
KERNEY LADAY Management For For
JACK E. LITTLE Management For For
ERLE NYE Management For For
J.E. OESTERREICHER Management For For
MICHAEL W. RANGER Management For For
HERBERT H. RICHARDSON Management For For
C. JOHN WILDER Management For For
02 APPROVAL OF THE 2005 OMNIBUS INCENTIVE PLAN Management For For No
03 APPROVAL OF AUDITORS - DELOITTE & TOUCHE LLP Management For For No
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 108 32,000 32,000 32,000 5/16/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
GREEN MOUNTAIN POWER CORPORATION GMP Annual Meeting Date: 05/23/2005
Issuer: 393154 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
ELIZABETH A. BANKOWSKI Management For For
NORDAHL L. BRUE, CHAIR Management For For
WILLIAM H. BRUETT Management For For
MERRILL O. BURNS Management For For
DAVID R. COATES Management For For
CHRISTOPHER L. DUTTON Management For For
KATHLEEN C. HOYT Management For For
EUCLID A. IRVING Management For For
MARC A. VANDERHEYDEN Management For For
02 THE PROPOSAL TO RATIFY THE APPOINTMENT OF DELOITTE Management For For No
& TOUCHE AS THE INDEPENDENT ACCOUNTANTS FOR THE
COMPANY FOR 2005.
03 THE PROPOSAL TO AMEND AND RESTATE THE COMPANYS Management For For No
AMENDED AND RESTATED ARTICLES OF INCORPORATION.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 109 41,000 41,000 41,000 5/17/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
UNOCAL CORPORATION Annual Meeting Date: 05/23/2005
Issuer: 915289 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
CRAIG ARNOLD Management For For
JAMES W. CROWNOVER Management For For
DONALD B. RICE Management For For
MARK A. SUWYN Management For For
02 RATIFICATION OF APPOINTMENT OF PRICEWATERHOUSECOOPERS Management For For No
LLP AS INDEPENDENT AUDITORS
03 STOCKHOLDER PROPOSAL: AMENDMENT TO CERTIFICATE Shareholder Against For No
OF INCORPORATION TO REQUIRE THAT THE CHAIRMAN
BE AN INDEPENDENT DIRECTOR
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 102 2,000 2,000 2,000 5/17/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
SEMCO ENERGY, INC. SEN Annual Meeting Date: 05/24/2005
Issuer: 78412D ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
HARVEY I. KLEIN Management For For
GEORGE A. SCHREIBER, JR Management For For
JOHN C. VAN RODEN, JR. Management For For
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 109 135,000 135,000 135,000 5/18/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
BCE INC. BCE Annual Meeting Date: 05/25/2005
Issuer: 05534B ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
A DIRECTOR Management For No
A. BERARD Management For For
R.A. BRENNEMAN Management For For
R.J. CURRIE Management For For
A.S. FELL Management For For
D. SOBLE KAUFMAN Management For For
B.M. LEVITT Management For For
E.C. LUMLEY Management For For
J. MAXWELL Management For For
J.H. MCARTHUR Management For For
T.C. O'NEILL Management For For
J.A. PATTISON Management For For
R.C. POZEN Management For For
M.J. SABIA Management For For
P.M. TELLIER Management For For
V.L. YOUNG Management For For
B APPOINTMENT OF DELOITTE & TOUCHE LLP AS AUDITOR. Management For For No
C FORBID ANY COMMERCIAL RELATIONSHIP WITH THE EXTERNAL Shareholder Against For No
AUDITOR AND ITS AFFILIATES OTHER THAN IN CONNECTION
WITH THE AUDITING OF BCE S FINANCIAL STATEMENTS.
D LIMIT THE NUMBER OF YEARS DURING WHICH AN INDEPENDENT Shareholder Against For No
DIRECTOR MAY SERVE ON THE BOARD.
E IMPLEMENT A CUMULATIVE VOTING MECHANISM FOR THE Shareholder Against For No
ELECTION OF THE DIRECTORS.
F REPLACE THE STOCK OPTION PLAN WITH A RESTRICTED Shareholder Against For No
SHARE PLAN.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 109 53,000 53,000 53,000 5/17/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
BLACK HILLS CORPORATION BKH Annual Meeting Date: 05/25/2005
Issuer: 092113 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
DAVID R. EMERY Management For For
KAY S. JORGENSEN Management For For
WILLIAM G. VAN DYKE Management For For
JOHN B. VERING Management For For
02 AUTHORIZE THE BLACK HILLS CORPORATION 2005 OMNIBUS Management For For No
INCENTIVE PLAN.
03 RATIFY THE APPOINTMENT OF DELOITTE & TOUCHE LLP Management For For No
TO SERVE AS BLACK HILLS CORPORATION S INDEPENDENT
AUDITORS IN 2005.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 109 35,000 35,000 35,000 5/18/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
CALPINE CORPORATION CPN Annual Meeting Date: 05/25/2005
Issuer: 131347 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
PETER CARTWRIGHT Management For For
SUSAN C. SCHWAB Management For For
SUSAN WANG Management For For
02 TO ACT UPON A PROPOSAL TO AMEND THE COMPANY S Management For For No
AMENDED AND RESTATED CERTIFICATE OF INCORPORATION
TO DECLASSIFY THE ELECTION OF THE BOARD.
03 TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS Management For For No
LLP AS INDEPENDENT ACCOUNTANTS FOR THE COMPANY
FOR THE FISCAL YEAR ENDING DECEMBER 31, 2005.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 106 20,000 20,000 20,000 5/18/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
ENEL ENTE NAZIONALE PER L'ENERGIA ELETTRICA SPA, ROMA N/A MIX Meeting Date: 05/25/2005
Issuer: T3679P115 ISIN: IT0003128367 BLOCKING
SEDOL: 7144569, B07J3F5, 7588123
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
* PLEASE NOTE IN THE EVENT THE MEETING DOES NOT Non-Voting *Management Position Unknown No
REACH QUORUM THERE WILL BE A SECOND CALL ON 26
MAY 2005.YOUR VOTING INSTRUCTIONS WILL REMAIN
VALID FOR ALL CALLS UNLESS THE AGENDA IS AMENDED.
PLEASE BE ALSO ADVISED THAT YOUR SHARES WILL
BE BLOCKED UNTIL THE QUORUM IS MET OR THE MEETING
IS CANCELLED. THANK YOU
A.1 APPROVE: THE FINANCIAL STATEMENT AS OF 31 DEC Management For *Management Position Unknown No
2004, REPORT OF THE BOARD OF DIRECTORS, OF THE
BOA AND OF EXTERNAL AUDITORS; THE CONSOLIDATED
FINANCIAL STATEMENT AS OF 31 DEC 2004
A.2 APPROVE THE ALLOCATION OF EARNINGS Management For *Management Position Unknown No
E.1 APPOINT THE BOARD OF DIRECTORS THROUGH VOTING Management For *Management Position Unknown No
BY LISTS; AMEND THE ARTICLE 14.3 LETTER A OF
CORPORATE BY LAWS
E.2 AUTHORIZE THE BOARD OF DIRECTORS OF THE FACULTY Management For *Management Position Unknown No
TO INCREASE THE CORPORATE CAPITAL IN SERVICE OF A
STOCK OPTION PLAN 2005 FOR A MAXIMUM AMOUNT OF EUR
28,757,000, THROUGH ISSUE OF ORDINARY SHARES
RESERVED TO MANAGERS OF ENEL SPA AND OR OF COMPANIES
CONTROLLED BY ENELSPA, TO BE OFFERED IN SUBSCRIPTION
AGAINST PAYMENT AND WITH NO OPTION RIGHT, AS PER
ARTICLE 2441 LAST ITEM OF CIVIL CODE AND ARTICLE 134
ITEM 2 OF LAW DECREE NR 58 1998; RELATED
RESOLUTIONS; AMEND THE ARTICLE 5 OF CORPORATE BYLAWS
A.3 APPROVE TO DETERMINE THE NUMBER OF MEMBERS OF Management For *Management Position Unknown No
THE BOARD OF DIRECTORS
A.4 APPROVE TO DETERMINE THE DURATION OF THE BOARD Management For *Management Position Unknown No
OF DIRECTORS
A.5 APPOINT THE MEMBERS OF THE BOARD OF DIRECTORS Management For *Management Position Unknown No
A.6 APPOINT THE CHAIRMAN OF THE BOARD OF DIRECTORS Management For *Management Position Unknown No
A.7 APPROVE TO DETERMINE THE REWARDS FOR THE BOARD Management For *Management Position Unknown No
OF DIRECTORS
A.8 APPROVE THE INTEGRATION OF BOA; RELATED RESOLUTIONS Management For *Management Position Unknown No
A.9 APPOINT THE EXTERNAL AUDITORS FOR THE YEARS 2005, Management For *Management Position Unknown No
2006 AND 2007
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI GETF0037002 200,000 200,000 200,000 5/10/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
EXXON MOBIL CORPORATION XOM Annual Meeting Date: 05/25/2005
Issuer: 30231G ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
M.J. BOSKIN Management For For
W.W. GEORGE Management For For
J.R. HOUGHTON Management For For
W.R. HOWELL Management For For
R.C. KING Management For For
P.E. LIPPINCOTT Management For For
H.A. MCKINNELL, JR. Management For For
M.C. NELSON Management For For
L.R. RAYMOND Management For For
W.V. SHIPLEY Management For For
R.W. TILLERSON Management For For
02 RATIFICATION OF INDEPENDENT AUDITORS (PAGE 28). Management For For No
03 POLITICAL CONTRIBUTIONS (PAGE 30). Shareholder Against For No
04 BOARD COMPENSATION (PAGE 31). Shareholder Against For No
05 INDUSTRY EXPERIENCE (PAGE 32). Shareholder Against For No
06 ACEH SECURITY REPORT (PAGE 33). Shareholder Against For No
07 AMENDMENT OF EEO POLICY (PAGE 34). Shareholder Against For No
08 BIODIVERSITY IMPACT REPORT (PAGE 36). Shareholder Against For No
09 CLIMATE SCIENCE REPORT (PAGE 37). Shareholder Against For No
10 KYOTO COMPLIANCE REPORT (PAGE 40). Shareholder Against For No
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 102 10,000 10,000 10,000 5/18/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
MIDDLESEX WATER COMPANY MSEX Annual Meeting Date: 05/25/2005
Issuer: 596680 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
JOHN R. MIDDLETON, MD Management For For
JEFFRIES SHEIN Management For For
J. RICHARD TOMPKINS Management For For
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 108 51,333 51,333 51,333 5/18/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
XCEL ENERGY INC. XEL Annual Meeting Date: 05/25/2005
Issuer: 98389B ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
RICHARD H. ANDERSON Management For For
C. CONEY BURGESS Management For For
A. BARRY HIRSCHFELD Management For For
RICHARD C. KELLY Management For For
ALBERT F. MORENO Management For For
RALPH R. PETERSON Management For For
DR. MARGARET R. PRESKA Management For For
RONALD M. MOQUIST Management For For
02 TO APPROVE THE XCEL ENERGY INC. 2005 OMNIBUS Management For For No
INCENTIVE PLAN
03 TO APPROVE THE XCEL ENERGY INC. EXECUTIVE ANNUAL Management For For No
INCENTIVE PLAN (EFFECTIVE MAY 25, 2005)
04 TO RATIFY THE APPOINTMENT OF DELOITTE & TOUCHE Management For For No
LLP AS XCEL ENERGY INC. S PRINCIPAL ACCOUNTANTS
FOR 2005
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 100 270,000 270,000 270,000 5/19/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
DUQUESNE LIGHT HOLDINGS, INC. DQE Annual Meeting Date: 05/26/2005
Issuer: 266233 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
SIGO FALK Management For For
DAVID M. KELLY Management For For
JOHN D. TURNER Management For For
02 RATIFICATION OF AUDITORS DELOITTE & TOUCHE LLP Management For For No
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 105 200,000 200,000 200,000 5/23/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
EL PASO CORPORATION EP Annual Meeting Date: 05/26/2005
Issuer: 28336L ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
JUAN CARLOS BRANIFF Management For For
JAMES L. DUNLAP Management For For
DOUGLAS L. FOSHEE Management For For
ROBERT W. GOLDMAN Management For For
ANTHONY W. HALL, JR. Management For For
THOMAS R. HIX Management For For
WILLIAM H. JOYCE Management For For
RONALD L. KUEHN, JR. Management For For
J. MICHAEL TALBERT Management For For
ROBERT F. VAGT Management For For
JOHN L. WHITMIRE Management For For
JOE B. WYATT Management For For
02 APPROVAL OF EL PASO CORPORATION 2005 COMPENSATION Management Against Against No
PLAN FOR NON-EMPLOYEE DIRECTORS.
03 APPROVAL OF EL PASO CORPORATION 2005 OMNIBUS Management Against Against No
INCENTIVE COMPENSATION PLAN.
04 RATIFICATION OF THE APPOINTMENT OF Management For For No
PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT CERTIFIED
PUBLIC ACCOUNTANTS FOR FISCAL YEAR ENDING DECEMBER
31, 2005.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 109 170,000 170,000 170,000 5/23/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
WMC RES LTD WMR.AX AGM Meeting Date: 05/30/2005
Issuer: Q9737U106 ISIN: AU000000WMR6
SEDOL: 6571469
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
1. RECEIVE THE FINANCIAL REPORT AND THE REPORTS Non-Voting *Management Position Unknown No
OF THE DIRECTORS AND OF THE AUDITOR FOR THE YE
31 DEC 2004
2.a RE-ELECT MR. TOMMIE C-E. BERGMAN AS A DIRECTOR, Management For *Management Position Unknown No
WHO RETIRES IN ACCORDANCE WITH THE COMPANY S
CONSTITUTION
2.b RE-ELECT PROFESSOR ADRIENNE E. CLARKE AC AS A Management For *Management Position Unknown No
DIRECTOR, WHO RETIRES IN ACCORDANCE WITH THE
COMPANY S CONSTITUTION
2.c RE-ELECT MR. DAVID E. MEIKLEJOHN AS A DIRECTOR, Management For *Management Position Unknown No
WHO RETIRES IN ACCORDANCE WITH THE COMPANY S
CONSTITUTION
* TRANSACT ANY OTHER BUSINESS Non-Voting *Management Position Unknown No
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI GETF0037002 250,000 250,000 250,000 5/16/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
TIM HELLAS TELECOMMUNICATIONS S.A. TIMHY Special Meeting Date: 05/31/2005
Issuer: 88706Q ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 APPROVAL FOR THE ISSUANCE OF A BOND LOAN IN ACCORDANCE Management For For No
WITH THE PROVISIONS OF THE LAW 3156/2003, AND
TO AWARD OF SPECIAL AUTHORIZATION TO THE BOARD
OF DIRECTORS OF THE COMPANY IN ACCORDANCE WITH
ARTICLE 1 PAR.3 OF THE LAW 3156/2003.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 104 200 200 200 5/18/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
COMCAST CORPORATION CMCSA Annual Meeting Date: 06/01/2005
Issuer: 20030N ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
S. DECKER ANSTROM Management For For
KENNETH J. BACON Management For For
SHELDON M. BONOVITZ Management For For
EDWARD D. BREEN Management For For
JULIAN A. BRODSKY Management For For
JOSEPH L. CASTLE, II Management For For
JOSEPH J. COLLINS Management For For
J. MICHAEL COOK Management For For
BRIAN L. ROBERTS Management For For
RALPH J. ROBERTS Management For For
DR. JUDITH RODIN Management For For
MICHAEL I. SOVERN Management For For
02 INDEPENDENT AUDITORS. Management For For No
03 2002 RESTRICTED STOCK PLAN. Management For For No
04 DISCLOSE POLITICAL CONTRIBUTIONS. Shareholder Against For No
05 REQUIRE THAT THE CHAIRMAN OF THE BOARD NOT HAVE Shareholder Against For No
MANAGERIAL RESPONSIBILITIES.
06 ELIMINATE SHAREHOLDER RIGHTS PLAN UNLESS SHAREHOLDER Shareholder For Against No
APPROVAL IS RECEIVED.
07 ADOPT A RECAPITALIZATION PLAN. Shareholder Against For No
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 101 10,000 10,000 10,000 5/27/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
THE DIRECTV GROUP, INC. DTV Annual Meeting Date: 06/01/2005
Issuer: 25459L ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
RALPH F. BOYD, JR. Management For For
JAMES M. CORNELIUS Management For For
DAVID F. DEVOE Management For For
02 RATIFICATION OF APPOINTMENT OF INDEPENDENT PUBLIC Management For For No
ACCOUNTANTS
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 106 100,000 100,000 100,000 5/27/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
CATALYTICA ENERGY SYSTEMS, INC. CESI Annual Meeting Date: 06/02/2005
Issuer: 148884 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
HOWARD I. HOFFEN Management For For
RICARDO B. LEVY Management For For
DAVID F. MERRION Management For For
02 PROPOSAL TO RATIFY THE APPOINTMENT OF ERNST & Management For For No
YOUNG LLP AS THE INDEPENDENT REGISTERED PUBLIC
ACCOUNTANTS OF THE COMPANY FOR THE FISCAL YEAR
ENDING DECEMBER 31, 2005.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 109 19,000 19,000 19,000 5/31/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
PT INDOSAT TBK IIT AGM Meeting Date: 06/08/2005
Issuer: Y7130D110 ISIN: ID1000097405
SEDOL: B00HLZ2, B00FYK2, B05PQG7
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
1. APPROVE THE ANNUAL REPORT, INCLUDING THE BOARD Management For *Management Position Unknown No
OF DIRECTORS REPORT ON THE IMPORTANT EVENTS OF
THE COMPANY AND RATIFY THE FINANCIAL STATEMENTS
OF THE COMPANY FOR THE FYE 31 DEC 2004, AND GRANT
DISCHARGE TO THE BOARD OF COMMISSIONERS FROM
THEIR SUPERVISORY RESPONSIBILITIES AND THE BOARD
OF DIRECTORS FROM THEIR MANAGERIAL RESPONSIBILITIES
FOR THE FYE 31 DEC 2004
2. APPROVE THE ALLOCATIONS OF THE NET PROFIT FOR Management For *Management Position Unknown No
RESERVE FUND, DIVIDENDS AND OTHER PURPOSES AND
TO APPROVE THE DETERMINATION OF THE AMOUNT, TIME
AND MANNER OF PAYMENT OF DIVIDENDS FOR THE FYE
31 DEC 2004
3. APPROVE THE REMUNERATION FOR THE BOARD OF Management For *Management Position Unknown No
COMMISSIONERS OF THE COMPANY FOR YEAR 2005 AND THE
BONUS FOR THE BOARD OF COMMISSIONERS OF THE COMPANY
FOR THE YEAR 2004
4. APPROVE THE APPOINTMENT OF THE COMPANY S INDEPENDENT Management For *Management Position Unknown No
AUDITOR FOR THE FYE 31 DEC 2005
5. APPROVE THE CHANGE OF COMPOSITION OF THE DIRECTORS Management For *Management Position Unknown No
AND/OR BOARD OF COMMISSIONERS OF THE COMPANY
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI GETF0037002 200 200 200 5/24/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
ENERGY EAST CORPORATION EAS Annual Meeting Date: 06/09/2005
Issuer: 29266M ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
JOHN T. CARDIS Management For For
JOSEPH J. CASTIGLIA Management For For
LOIS B. DEFLEUR Management For For
G. JEAN HOWARD Management For For
DAVID M. JAGGER Management For For
SETH A. KAPLAN Management For For
BEN E. LYNCH Management For For
PETER J. MOYNIHAN Management For For
WALTER G. RICH Management For For
WESLEY W. VON SCHACK Management For For
02 TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS Management For For No
LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 109 80,000 80,000 80,000 6/3/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
UNITEDGLOBALCOM, INC. UCOMA Special Meeting Date: 06/14/2005
Issuer: 913247 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 ADOPTION OF THE AGREEMENT AND PLAN OF MERGER, Management For For No
DATED AS OF JANUARY 17, 2005, AMONG LIBERTY MEDIA
INTERNATIONAL, INC., THE COMPANY, LIBERTY GLOBAL,
INC., CHEETAH ACQUISITION CORP. AND TIGER GLOBAL
ACQUISITION CORP.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 508 50,000 50,000 50,000 6/9/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
LIBERTY MEDIA INTERNATIONAL, INC. L Annual Meeting Date: 06/15/2005
Issuer: 530719 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 ADOPTION OF THE AGREEMENT AND PLAN OF MERGER, Management For For No
DATED AS OF JANUARY 17, 2005, AMONG LIBERTY MEDIA
INTERNATIONAL, INC., UNITEDGLOBALCOM INC., LIBERTY
GLOBAL, INC., CHEETAH ACQUISITION CORP. AND TIGER
GLOBAL ACQUISITION CORP.
02 DIRECTORS Management For No
DAVID E. RAPLEY Management For For
LARRY E. ROMRELL Management For For
03 APPROVAL OF THE LIBERTY MEDIA INTERNATIONAL, Management Against Against No
INC. 2004 INCENTIVE PLAN (AS AMENDED AND RESTATED
EFFECTIVE MARCH 9, 2005).
04 RATIFICATION OF KPMG LLP AS OUR INDEPENDENT AUDITORS Management For For No
FOR THE FISCAL YEAR ENDING DECEMBER 31, 2005.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 103 35,000 35,000 35,000 5/26/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
COSMOTE MOBILE TELECOMMUNICATIONS S A N/A AGM Meeting Date: 06/16/2005
Issuer: X9724G104 ISIN: GRS408333003 BLOCKING
SEDOL: 4499013
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
1. APPROVE THE BOARD OF DIRECTORS AND THE AUDITORS Management For *Management Position Unknown No
REPORTS ON THE ANNUAL FINANCIAL STATEMENTS FOR
THE FY 2004
2. APPROVE THE ANNUAL FINANCIAL STATEMENTS FOR THE Management For *Management Position Unknown No
FY 2004, PROFITS APPROPRIATION AND PAYMENTS OF
THE DIVIDENDS
3. GRANT DISCHARGE TO THE BOARD OF DIRECTORS MEMBERS Management For *Management Position Unknown No
AND THE AUDITORS FROM ANY LIABILITY FOR INDEMNITY
FOR THE YEAR 2004 ACCORDING TO THE ARTICLE 35
OF COD LAW 2190/1920
4. APPROVE THE BOARD OF DIRECTORS AND THE MANAGING Management For *Management Position Unknown No
DIRECTORS RECEIVED REMUNERATIONS, COMPENSATION
AND EXPENSES FOR THE YEAR 2004 AND DETERMINE
THE SAME FOR THE FY 2005
5. AMEND THE CONTRACT OF THE MANAGING DIRECTOR Management For *Management Position Unknown No
CONCERNING THE ANNUAL BONUS AND GRANT OF
AUTHORIZATION FOR ITS SIGNATURE ARTICLE 23A OF COD
LAW 2190/1920
6. GRANT PERMISSION TO THE BOARD OF DIRECTORS MEMBERS Management For *Management Position Unknown No
AND THE COMPANYS DIRECTORS, ACCORDING TO THE ARTICLE
23 PARAGRAPH 1 OF COD LAW 2190/1920 AND THE ARTICLE
22 OF THE COMPANY S ARTICLES OF ASSOCIATION, FOR
THEIR PARTICIPATION IN HELL.TELECOM.GROUP OF
COMPANIES, BOARD OF DIRECTORS OR MANAGEMENT PURSUING
THE SAME OR SIMILAR OBJECTS
7. ELECT THE CERTIFIED AUDITORS, REGULAR AND SUBSTITUTE Management For *Management Position Unknown No
AND AN INTERNATIONAL PRESTIGE AUDITOR FOR THE
FY 2005 AND APPROVE TO DETERMINE THEIR FEES
10. MISCELLANEOUS ANNOUNCEMENTS Other For *Management Position Unknown No
8. APPROVE THE ISSUANCE BY COSMOTE ONE OR MORE COMMON Management For *Management Position Unknown No
BOND LOANS TO BE SUBSCRIBED BY OTE PLC UP TO AN
AGGREGATE AMOUNT OF 1 BILLION EURO AND APPROVAL IN
ACCORDANCE WITH ARTICLE 23A OF COD LAW 2190/1920 OF
THE BASIC TERMS OF THE ABOVE MENTIONED BONDS
9. APPROVE THE ACQUISITION BY COSMOTE OF ALL THE Management For *Management Position Unknown No
SHARES OF OTESAFFILIATE COMPANICOSMO BULGARIA MOBILE
EAD AND OTEMTS HOLDING B.V NETHERLANDS WHICH OWNS
100% OF THE SHARES AND COSMOFON MOBILE
TELECOM.SERVICES AD SKOPJE ARTICLES 10 AND 23A OF
COD LAW 2190/1920
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI GETF0037002 200 200 200 6/2/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
OPEN JOINT STOCK CO VIMPEL-COMMUNICA VIP Contested Consent Meeting Date: 06/22/2005
Issuer: 68370R ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 APPROVAL OF THE 2004 VIMPELCOM ANNUAL REPORT Management For *Management Position Unknown No
02 APPROVAL OF VIMPELCOM S ACCOUNTING STATEMENTS, Management For *Management Position Unknown No
INCLUDING PROFIT AND LOSS STATEMENT FOR 2004
03 ALLOCATION OF PROFITS AND LOSSES, ALL AS MORE Management For *Management Position Unknown No
FULLY DESCRIBED IN THE NOTICE
04 ELECTION OF DIRECTORS. IF YOU WISH TO VOTE SELECTIVELY Management For *Management Position Unknown No
OR CUMULATE, PLEASE CONTACT YOUR REPRESENTATIVE.
05 APPROVAL OF THE AMENDED AND RESTATED PROCEDURAL Management For *Management Position Unknown No
REGULATIONS OF THE BOARD OF DIRECTORS
06 ELECTION OF THE AUDIT COMMISSION Management For *Management Position Unknown No
07 APPROVAL OF EXTERNAL AUDITORS Management For *Management Position Unknown No
08 REORGANIZATION OF VIMPELCOM THROUGH STATUTORY Management For *Management Position Unknown No
MERGER OF CJSC EXTEL INTO VIMPELCOM
09 REORGANIZATION OF VIMPELCOM THROUGH STATUTORY Management For *Management Position Unknown No
MERGER OF CJSC SOTOVAYA COMPANY INTO VIMPELCOM
10 REORGANIZATION OF VIMPELCOM THROUGH STATUTORY Management For *Management Position Unknown No
MERGER OF CJSC STAVTELESOT INTO VIMPELCOM
11 REORGANIZATION OF VIMPELCOM THROUGH STATUTORY Management For *Management Position Unknown No
MERGER OF CJSC VOSTOK-ZAPAD TELECOM INTO VIMPELCOM
12 REORGANIZATION OF VIMPELCOM THROUGH STATUTORY Management For *Management Position Unknown No
MERGER OF OJSC ORENSOT INTO VIMPELCOM
13 REORGANIZATION OF VIMPELCOM THROUGH STATUTORY Management For *Management Position Unknown No
MERGER OF OJSC BEELINE-SAMARA INTO VIMPELCOM
14 REORGANIZATION OF VIMPELCOM THROUGH STATUTORY Management For *Management Position Unknown No
MERGER OF OJSC DAL TELECOM INTERNATIONAL INTO
VIMPELCOM
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 109 6,000 6,000 6,000 6/16/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
COSMOTE MOBILE TELECOMMUNICATIONS S A N/A OGM Meeting Date: 06/27/2005
Issuer: X9724G104 ISIN: GRS408333003 BLOCKING
SEDOL: 4499013
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
* PLEASE NOTE THAT THIS IS AN EGM. THANK YOU Non-Voting *Management Position Unknown No
1. APPROVE THE COSMOTE SA PARTICIPATION TO THE ROUMANIAN Management For *Management Position Unknown No
MOBILE TELECOMMUNICATIONS COMPANY COSMOROM SA,
UP TO 70% OF THE SHARE CAPITAL OF THE AFORESAID
COMPANY, ACCORDING TO THE ARTICLE 23A OF THE
C.L. 2190/1920
2. MISCELLANEOUS ANNOUNCEMENTS Other For *Management Position Unknown No
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI GETF0037002 200 200 200 6/10/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
CHUBU ELECTRIC POWER CO INC CHUEF.PK AGM Meeting Date: 06/28/2005
Issuer: J06510101 ISIN: JP3526600006
SEDOL: 5998508, B032295, 6195609
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
1. APPROVE APPROPRIATION OF PROFITS: TERM-END DIVIDEND Management For *Management Position Unknown No
- ORDINARY DIVIDEND JY 30
2. AMEND THE ARTICLES OF INCORPORATION Management For *Management Position Unknown No
3.1 ELECT A DIRECTOR Management For *Management Position Unknown No
3.2 ELECT A DIRECTOR Management For *Management Position Unknown No
3.3 ELECT A DIRECTOR Management For *Management Position Unknown No
3.4 ELECT A DIRECTOR Management For *Management Position Unknown No
3.5 ELECT A DIRECTOR Management For *Management Position Unknown No
3.6 ELECT A DIRECTOR Management For *Management Position Unknown No
3.7 ELECT A DIRECTOR Management For *Management Position Unknown No
3.8 ELECT A DIRECTOR Management For *Management Position Unknown No
3.9 ELECT A DIRECTOR Management For *Management Position Unknown No
3.10 ELECT A DIRECTOR Management For *Management Position Unknown No
3.11 ELECT A DIRECTOR Management For *Management Position Unknown No
3.12 ELECT A DIRECTOR Management For *Management Position Unknown No
3.13 ELECT A DIRECTOR Management For *Management Position Unknown No
3.14 ELECT A DIRECTOR Management For *Management Position Unknown No
3.15 ELECT A DIRECTOR Management For *Management Position Unknown No
3.16 ELECT A DIRECTOR Management For *Management Position Unknown No
3.17 ELECT A DIRECTOR Management For *Management Position Unknown No
3.18 ELECT A DIRECTOR Management For *Management Position Unknown No
3.19 ELECT A DIRECTOR Management For *Management Position Unknown No
3.20 ELECT A DIRECTOR Management For *Management Position Unknown No
4. APPOINT A CORPORATE AUDITOR Management For *Management Position Unknown No
5. APPROVE PROVISION OF RETIREMENT ALLOWANCE FOR Management For *Management Position Unknown No
DIRECTORS AND CORPORATE AUDITORS
6. PLEASE NOTE THAT THIS RESOLUTION IS A SHAREHOLDER Other Against *Management Position Unknown No
PROPOSAL: AMEND ARTICLES TOREQUIRE COMPANY TO
MAKE PUBLICLY AVAILABLE COMPENSATION AMOUNTS
FOR SENIOR MANAGERS INDIVIDUALLY WITHOUT DELAY
7. PLEASE NOTE THAT THIS RESOLUTION IS A SHAREHOLDER Other Against *Management Position Unknown No
PROPOSAL: AMEND ARTICLES TOREQUIRE COMPANY TO
DELAY ACTIVE TESTING OF THE ROKKASHO PLUTONIUM
REPROCESSING FACILITY
8. PLEASE NOTE THAT THIS RESOLUTION IS A SHAREHOLDER Other Against *Management Position Unknown No
PROPOSAL: AMEND ARTICLES TOREQUIRE COMPANY TO
ENSURE THAT THE TOKAI EARTHQUAKE PREPAREDNESS
PLAN IS EFFECTIVE AT REDUCING RISKS DURING OPERATION
OF NUCLEAR FACILITIES
9. PLEASE NOTE THAT THIS RESOLUTION IS A SHAREHOLDER Other Against *Management Position Unknown No
PROPOSAL: AMEND ARTICLES TOREQUIRE COMPANY TO
LISTEN TO AND RESPECT THE OPINIONS AND WISHES
OF RESIDENTS NEAR NUCLEAR FACILITIES
10. PLEASE NOTE THAT THIS RESOLUTION IS A SHAREHOLDER Other Against *Management Position Unknown No
PROPOSAL: AMEND ARTICLES TOREQUIRE COMPANY TO
OPENLY AND PUBLICLY PROVIDE INFORMATION RELATED
TO SAFETY
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI GETF0037002 4,000 4,000 4,000 6/13/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
ROYAL DUTCH PETROLEUM COMPANY RD Annual Meeting Date: 06/28/2005
Issuer: 780257 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
02 ANNUAL ACCOUNTS 2004 Management For For No
03B DECLARATION OF THE TOTAL DIVIDEND FOR THE YEAR Management For For No
2004
04A DISCHARGE OF THE MANAGING DIRECTORS Management For For No
4B DISCHARGE OF THE MEMBERS OF THE SUPERVISORY BOARD Management For For No
05 APPOINTMENT OF MR. L.R. RICCIARDI AS A MEMBER Management For For No
OF THE SUPERVISORY BOARD
06 AUTHORIZATION FOR THE ACQUISITION OF ORDINARY Management For For No
SHARES
07 CANCELLATION OF THE ORDINARY SHARES HELD BY THE Management For For No
COMPANY
9B APPROVAL OF THE IMPLEMENTATION AGREEMENT Management For For No
10 PROPOSAL TO AMEND THE ARTICLES OF ASSOCIATION Management For For No
OF THE COMPANY
11A APPOINTMENT OF MR A.G. JACOBS AS A NON-EXECUTIVE Management For For No
DIRECTOR
11B APPOINTMENT OF MS CH. MORIN-POSTEL AS A NON-EXECUTIVE Management For For No
DIRECTOR
11C APPOINTMENT OF MR A.A. LOUDON AS A NON-EXECUTIVE Management For For No
DIRECTOR
11D APPOINTMENT OF MR L.R. RICCIARDI AS A NON-EXECUTIVE Management For For No
DIRECTOR
12 ADOPTION OF THE REMUNERATION POLICY FOR THE BOARD Management For For No
OF DIRECTORS
13 APPROVAL OF AMENDED LONG-TERM INCENTIVE PLAN Management For For No
14 APPROVAL OF AMENDED RESTRICTED SHARE PLAN Management For For No
15 APPROVAL OF AMENDED DEFERRED BONUS PLAN Management For For No
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 804 2,000 2,000 2,000 6/16/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
SEMCO ENERGY, INC. SEN Annual Meeting Date: 06/28/2005
Issuer: 78412D ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No
HARVEY I. KLEIN Management For For
G.A. SCHREIBER, JR. Management For For
JOHN C. VAN RODEN, JR. Management For For
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 109 135,000 135,000 135,000 6/22/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
TOKYO ELECTRIC POWER CO INC TKECF.PK AGM Meeting Date: 06/28/2005
Issuer: J86914108 ISIN: JP3585800000
SEDOL: 5861354, B01DS03, 6895404
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
3.3 ELECT DIRECTOR Management For *Management Position Unknown No
3.4 ELECT DIRECTOR Management For *Management Position Unknown No
3.5 ELECT DIRECTOR Management For *Management Position Unknown No
3.6 ELECT DIRECTOR Management For *Management Position Unknown No
3.7 ELECT DIRECTOR Management For *Management Position Unknown No
3.8 ELECT DIRECTOR Management For *Management Position Unknown No
3.9 ELECT DIRECTOR Management For *Management Position Unknown No
3.10 ELECT DIRECTOR Management For *Management Position Unknown No
3.11 ELECT DIRECTOR Management For *Management Position Unknown No
3.12 ELECT DIRECTOR Management For *Management Position Unknown No
3.13 ELECT DIRECTOR Management For *Management Position Unknown No
3.14 ELECT DIRECTOR Management For *Management Position Unknown No
3.15 ELECT DIRECTOR Management For *Management Position Unknown No
3.16 ELECT DIRECTOR Management For *Management Position Unknown No
3.17 ELECT DIRECTOR Management For *Management Position Unknown No
3.18 ELECT DIRECTOR Management For *Management Position Unknown No
3.19 ELECT DIRECTOR Management For *Management Position Unknown No
4 APPROVE RETIREMENT BONUSES FOR DIRECTORS AND Management For *Management Position Unknown No
SPECIAL PAYMENTS TO CONTINUINGDIRECTORS AND
STATUTORY AUDITORS IN CONNECTION WITH ABOLITION OF
RETIREMENT BONUS SYSTEM
6 SHAREHOLDER PROPOSALS Management Abstain *Management Position Unknown No
5 APPROVE ADJUSTMENT TO AGGREGATE COMPENSATION Management For *Management Position Unknown No
CEILINGS FOR DIRECTORS ANDSTATUTORY AUDITORS
7 APPROVE ALTERNATE ALLOCATION OF INCOME Other Against *Management Position Unknown No
1 MANAGEMENT PROPOSALS Management For *Management Position Unknown No
2 APPROVE ALLOCATION OF INCOME, INCLUDING THE FOLLOWING Management For *Management Position Unknown No
DIVIDENDS: INTERIM JY30, FINAL JY 30, SPECIAL JY 0
3.1 ELECT DIRECTOR Management For *Management Position Unknown No
3.2 ELECT DIRECTOR Management For *Management Position Unknown No
8 AMEND ARTICLES TO REQUIRE PROMPT DISCLOSURE OF Other Against *Management Position Unknown No
INDIVIDUAL DIRECTORREMUNERATION LEVELS
9 AMEND ARTICLES TO GIVE SHAREHOLDERS THE RIGHT Other Against *Management Position Unknown No
TO INVESTIGATE MANAGEMENTPROBLEMS AND DEMAND
THE CREATION OF AN INVESTIGATION COMMITTEE
10 AMEND ARTICLES TO REQUIRE SHUTDOWN OF ALL NUCLEAR Other Against *Management Position Unknown No
REACTORS DESIGNED IN 1978OR EARLIER
11 AMEND ARTICLES TO REQUIRE LOCAL COMMUNITY CONSENT Other Against *Management Position Unknown No
FOR OPERATION OF NUCLEARFACILITIES IN WHICH DAMAGE
HAS BEEN DISCOVERED
12 AMEND ARTICLES TO REQUIRE COMPANY TO NOT PROVIDE Other Against *Management Position Unknown No
SPENT NUCLEAR FUEL TOROKKASHO REPROCESSING PLANT
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI GETF0037002 4,000 4,000 4,000 6/13/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
TOKYO ELECTRIC POWER CO INC TKECF.PK AGM Meeting Date: 06/28/2005
Issuer: J86914108 ISIN: JP3585800000
SEDOL: 5861354, B01DS03, 6895404
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
1. APPROVE ALLOCATION OF INCOME, INCLUDING THE FOLLOWING Management For *Management Position Unknown No
DIVIDENDS: INTERIM JY30, FINAL JY 30, SPECIAL JY 0
2.1 ELECT MR. YASUSHI AOYAMA AS A DIRECTOR Management For *Management Position Unknown No
2.2 ELECT MR. TSUNEHISA KATSUMATA AS A DIRECTOR Management For *Management Position Unknown No
2.3 ELECT MR. SHIGERU KIMURA AS A DIRECTOR Management For *Management Position Unknown No
2.4 ELECT MR. MASATAKA SHIMIZU AS A DIRECTOR Management For *Management Position Unknown No
2.5 ELECT MR. SUSUMU SHIRAKAWA AS A DIRECTOR Management For *Management Position Unknown No
2.6 ELECT MR. SHIGEMI TAMURA AS A DIRECTOR Management For *Management Position Unknown No
2.7 ELECT MR. ICHIROU TAKEKURO AS A DIRECTOR Management For *Management Position Unknown No
2.8 ELECT MR. KATSUTOSHI CHIKUDATE AS A DIRECTOR Management For *Management Position Unknown No
2.9 ELECT MR. NORIO TSUZUMI AS A DIRECTOR Management For *Management Position Unknown No
2.10 ELECT MR. HISAO NAITOU AS A DIRECTOR Management For *Management Position Unknown No
2.11 ELECT MR. AKIO NAKAMURA AS A DIRECTOR Management For *Management Position Unknown No
2.12 ELECT MR. TAKUYA HATTORI AS A DIRECTOR Management For *Management Position Unknown No
2.13 ELECT MR. YUUICHI HAYASE AS A DIRECTOR Management For *Management Position Unknown No
2.14 ELECT MR. TAKASHI HAYASHI AS A DIRECTOR Management For *Management Position Unknown No
2.15 ELECT MR. TAKASHI FUJIMOTO AS A DIRECTOR Management For *Management Position Unknown No
2.16 ELECT MR. TERUAKI MASUMOTO AS A DIRECTOR Management For *Management Position Unknown No
2.17 ELECT MR. KATSUMI MIZUTANI AS A DIRECTOR Management For *Management Position Unknown No
2.18 ELECT MR. TOMIJIROU MORITA AS A DIRECTOR Management For *Management Position Unknown No
2.19 ELECT MR. YOSHIHISA MORIMOTO AS A DIRECTOR Management For *Management Position Unknown No
3. APPROVE RETIREMENT BONUSES FOR DIRECTORS AND Management For *Management Position Unknown No
SPECIAL PAYMENTS TO CONTINUING DIRECTORS AND
STATUTORY AUDITORS IN CONNECTION WITH ABOLITION OF
RETIREMENT BONUS SYSTEM
4. APPROVE ADJUSTMENT TO AGGREGATE COMPENSATION Management For *Management Position Unknown No
CEILINGS FOR DIRECTORS AND STATUTORY AUDITORS
5. PLEASE NOTE THAT THIS IS A SHAREHOLDERS PROPOSAL: Other Against *Management Position Unknown No
APPROVE ALTERNATE ALLOCATION OF INCOME
6. PLEASE NOTE THAT THIS IS A SHAREHOLDERS PROPOSAL: Other Against *Management Position Unknown No
AMEND ARTICLES TO REQUIRE PROMPT DISCLOSURE OF
INDIVIDUAL DIRECTOR REMUNERATION LEVELS
7. PLEASE NOTE THAT THIS IS A SHAREHOLDERS PROPOSAL: Other Against *Management Position Unknown No
AMEND ARTICLES TO GIVE SHAREHOLDERS THE RIGHT
TO INVESTIGATE MANAGEMENT PROBLEMS AND DEMAND
THE CREATION OF AN INVESTIGATION COMMITTEE
8. PLEASE NOTE THAT THIS IS A SHAREHOLDERS PROPOSAL: Other Against *Management Position Unknown No
AMEND ARTICLES TO REQUIRE SHUTDOWN OF ALL NUCLEAR
REACTORS DESIGNED IN 1978 OR EARLIER
9. PLEASE NOTE THAT THIS IS A SHAREHOLDERS PROPOSAL: Other Against *Management Position Unknown No
AMEND ARTICLES TO REQUIRE LOCAL COMMUNITY CONSENT
FOR OPERATION OF NUCLEAR FACILITIES IN WHICH
DAMAGE HAS BEEN DISCOVERED
10. PLEASE NOTE THAT THIS IS A SHAREHOLDERS PROPOSAL: Other Against *Management Position Unknown No
AMEND ARTICLES TO REQUIRE COMPANY TO NOT PROVIDE
SPENT NUCLEAR FUEL TO ROKKASHO REPROCESSING PLANT
* PLEASE NOTE THAT THIS IS AN AMENDMENT TO MEETING Non-Voting *Management Position Unknown No
244416 DUE TO CHANGE IN THE NUMBER OF RESOLUTION.
ALL VOTES RECEIVED ON THE PREVIOUS MEETING WILL
BE DISREGARDED AND YOU WILL NEED TO REINSTRUCT
ON THIS MEETING NOTICE. THANK YOU.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI GETF0037002 4,000 4,000 4,000 6/17/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
CHUGOKU ELECTRIC POWER CO INC CGKEF.PK AGM Meeting Date: 06/29/2005
Issuer: J07098106 ISIN: JP3522200009
SEDOL: 6195900
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
1. APPROVE APPROPRIATION OF PROFITS: TERM-END DIVIDEND Management For *Management Position Unknown No
- ORDINARY DIVIDEND 25 YEN
2. AMEND THE ARTICLES OF INCORPORATION Management For *Management Position Unknown No
3.1 ELECT A DIRECTOR Management For *Management Position Unknown No
3.2 ELECT A DIRECTOR Management For *Management Position Unknown No
3.3 ELECT A DIRECTOR Management For *Management Position Unknown No
3.4 ELECT A DIRECTOR Management For *Management Position Unknown No
3.5 ELECT A DIRECTOR Management For *Management Position Unknown No
3.6 ELECT A DIRECTOR Management For *Management Position Unknown No
3.7 ELECT A DIRECTOR Management For *Management Position Unknown No
3.8 ELECT A DIRECTOR Management For *Management Position Unknown No
3.9 ELECT A DIRECTOR Management For *Management Position Unknown No
3.10 ELECT A DIRECTOR Management For *Management Position Unknown No
3.11 ELECT A DIRECTOR Management For *Management Position Unknown No
3.12 ELECT A DIRECTOR Management For *Management Position Unknown No
3.13 ELECT A DIRECTOR Management For *Management Position Unknown No
3.14 ELECT A DIRECTOR Management For *Management Position Unknown No
3.15 ELECT A DIRECTOR Management For *Management Position Unknown No
3.16 ELECT A DIRECTOR Management For *Management Position Unknown No
3.17 ELECT A DIRECTOR Management For *Management Position Unknown No
3.18 ELECT A DIRECTOR Management For *Management Position Unknown No
3.19 ELECT A DIRECTOR Management For *Management Position Unknown No
4.1 APPOINT A CORPORATE AUDITOR Management For *Management Position Unknown No
4.2 APPOINT A CORPORATE AUDITOR Management For *Management Position Unknown No
5. APPROVE PROVISION OF RETIREMENT ALLOWANCE FOR Management For *Management Position Unknown No
DIRECTORS AND CORPORATE AUDITORS
6. PLEASE NOTE THAT THIS RESOLUTION IS A SHAREHOLDER Other Against *Management Position Unknown No
PROPOSAL: AMEND ALLOCATION OF INCOME TO INCREASE
DIVIDEND BY JY 40, AND ESTABLISH VARIOUS FUNDS
TO BE USED TO SUPPORT NUCLEAR VICTIMS, USING
FUNDS CURRENTLY ALLOCATED TO VARIOUS AGENCIES
AND ENTITIES SUPPORTING THE NUCLEAR POWER INDUSTRY
7. PLEASE NOTE THAT THIS RESOLUTION IS A SHAREHOLDER Other Against *Management Position Unknown No
PROPOSAL: AMEND ARTICLES TOREQUIRE THE COMPANY
TO HALT USE OF NUCLEAR ENERGY FOR POWER GENERATION
8. PLEASE NOTE THAT THIS RESOLUTION IS A SHAREHOLDER Other Against *Management Position Unknown No
PROPOSAL: AMEND ARTICLES TOPROHIBIT THE COMPANY
FROM THE REPROCESSING OF PLUTONIUM AND HALT ALL
PARTICIPATION IN REPROCESSING ACTIVITIES
9. PLEASE NOTE THAT THIS RESOLUTION IS A SHAREHOLDER Other Against *Management Position Unknown No
PROPOSAL: AMEND ARTICLES TOREQUIRE THE COMPANY
TO ESTABLISH COMMITTEE TO STUDY SAFETY PROCEDURES
WITH RESPECT TO NUCLEAR FACILITIES IN THE EVENT
OF AN EARTHQUAKE
10. PLEASE NOTE THAT THIS RESOLUTION IS A SHAREHOLDER Other Against *Management Position Unknown No
PROPOSAL: AMEND ARTICLES TOREQUIRE THAT THE COMPANY
ONLY HIRE NON-AFFILIATED PERSONS AS NON-EXECUTIVE
DIRECTORS, SPECIFICALLY PROHIBITING THE HIRING
OF INDIVIDUALS DIRECTLY AND INDIRECTLY RELATED
TO A REGULATORY ROLE IN THEIR INDUSTRY
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI GETF0037002 4,000 4,000 4,000 6/14/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
ELECTRIC POWER DEVELOPMENT CO LTD EPDC, TOKYO EPWDF.PK AGM Meeting Date: 06/29/2005
Issuer: J12915104 ISIN: JP3551200003
SEDOL: B02Q328, B0345Y7, B031P59
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
1. APPROVE THE APPROPRIATION OF PROFIT FOR NO.53 Management For *Management Position Unknown No
TERM: AS DIVIDENDS FOR THE CURRENT TERM OF JPY
60 PER SHARE
2. AMEND THE COMPANY S ARTICLES OF INCORPORATION Management For *Management Position Unknown No
3. ELECT MR. SHINICHIROU OOTA AS A DIRECTOR Management For *Management Position Unknown No
4. GRANTING RETIREMENT ALLOWANCES TO MR. YOUKI KAWADA Management For *Management Position Unknown No
WHO RETIRED DURING THE CURRENT TERM, ACCORDING
TO THE COMPANY RULE
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI GETF0037002 4,000 4,000 4,000 6/14/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
FURUKAWA ELECTRIC CO LTD FUWAF.PK AGM Meeting Date: 06/29/2005
Issuer: J16464117 ISIN: JP3827200001
SEDOL: 5734133, B02DXR4, 6357562
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
* PLEASE NOTE THAT THE ISSUER HAS RELEASED AN ENGLISH Non-Voting *Management Position Unknown No
VERSION OF THE PROXY STATEMENT. INVESTORS CAN
ACCESS THE ENGLISH VERSION OF THIS MATERIAL THRU
PROXY STATEMENT URL LINK. THANK YOU.
1. APPROVE APPROPRIATION OF PROFITS: TERM-END DIVIDEND Management For *Management Position Unknown No
- ORDINARY DIVIDEND JPY 0
2. AMEND THE ARTICLES OF INCORPORATION Management For *Management Position Unknown No
3.1 ELECT A DIRECTOR Management For *Management Position Unknown No
3.2 ELECT A DIRECTOR Management For *Management Position Unknown No
3.3 ELECT A DIRECTOR Management For *Management Position Unknown No
3.4 ELECT A DIRECTOR Management For *Management Position Unknown No
3.5 ELECT A DIRECTOR Management For *Management Position Unknown No
3.6 ELECT A DIRECTOR Management For *Management Position Unknown No
3.7 ELECT A DIRECTOR Management For *Management Position Unknown No
3.8 ELECT A DIRECTOR Management For *Management Position Unknown No
3.9 ELECT A DIRECTOR Management For *Management Position Unknown No
3.10 ELECT A DIRECTOR Management For *Management Position Unknown No
4. APPOINT A CORPORATE AUDITOR Management For *Management Position Unknown No
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI GETF0037002 140,000 140,000 140,000 6/14/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
HOKKAIDO ELECTRIC POWER CO INC HKEPF.PK AGM Meeting Date: 06/29/2005
Issuer: J21378104 ISIN: JP3850200001
SEDOL: 6431325
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
9. PLEASE NOTE THAT THIS RESOLUTION IS A SHAREHOLDER Other Against *Management Position Unknown No
PROPOSAL: AMEND ARTICLES TOREQUIRE COMPANY TO
COMPREHENSIVELY REVIEW THE STATE OF ITS EARTHQUAKE
AND TSUNAMI PREPAREDNESS PLANS AT ITS TOMARI NUCLEAR
FACILITY, AND TO AGAIN REVIEW ITS SAFETY PROCEDURES
IN THE EVENT OF AN EARTHQUAKE
10. PLEASE NOTE THAT THIS RESOLUTION IS A SHAREHOLDER Other Against *Management Position Unknown No
PROPOSAL: AMEND ARTICLES TOREQUIRE COMPANY TO
DELAY ACTIVE TESTING OF THE ROKKASHO PLUTONIUM
REPROCESSING FACILITY
11. PLEASE NOTE THAT THIS RESOLUTION IS A SHAREHOLDER Other Against *Management Position Unknown No
PROPOSAL: AMEND ARTICLES TOREQUIRE COMPANY TO ENTER
THE FUEL CELL BUSINESS, INVESTING IN APPROPRIATE
STAFF AND TECHNOLOGIES TO ENABLE THIS ENTRY
12. PLEASE NOTE THAT THIS RESOLUTION IS A SHAREHOLDER Other Against *Management Position Unknown No
PROPOSAL: AMEND ARTICLES TOREQUIRE COMPANY TO
CHECK ITS BUDGETS RELATED TO SCHOOL AND PUBLIC
EDUCATION ACTIVITIES WITH RESPECT TO NUCLEAR
ENERGY
1. APPROVE APPROPRIATION OF PROFITS: TERM-END DIVIDEND Management For *Management Position Unknown No
- ORDINARY DIVIDEND 25 YEN
2. AMEND THE ARTICLES OF INCORPORATION Management For *Management Position Unknown No
3.1 ELECT A DIRECTOR Management For *Management Position Unknown No
3.2 ELECT A DIRECTOR Management For *Management Position Unknown No
3.3 ELECT A DIRECTOR Management For *Management Position Unknown No
3.4 ELECT A DIRECTOR Management For *Management Position Unknown No
3.5 ELECT A DIRECTOR Management For *Management Position Unknown No
3.6 ELECT A DIRECTOR Management For *Management Position Unknown No
3.7 ELECT A DIRECTOR Management For *Management Position Unknown No
3.8 ELECT A DIRECTOR Management For *Management Position Unknown No
3.9 ELECT A DIRECTOR Management For *Management Position Unknown No
3.10 ELECT A DIRECTOR Management For *Management Position Unknown No
3.11 ELECT A DIRECTOR Management For *Management Position Unknown No
3.12 ELECT A DIRECTOR Management For *Management Position Unknown No
4. APPOINT A CORPORATE AUDITOR Management For *Management Position Unknown No
5. APPROVE PROVISION OF RETIREMENT ALLOWANCE FOR Management For *Management Position Unknown No
DIRECTORS
6. PLEASE NOTE THAT THIS RESOLUTION IS A SHAREHOLDER Other Against *Management Position Unknown No
PROPOSAL: AMEND ALLOCATION OF INCOME TO DOUBLE THE
MANAGEMENT PROPOSED DIVIDEND, HALVE THE BONUSES FOR
SENIOR MANAGEMENT, AND ALLOCATE 10% OF NET INCOME
FOR THIS FISCAL PERIOD TO A DISASTER
PREVENTION/CONTINGENCY FUND
7. PLEASE NOTE THAT THIS RESOLUTION IS A SHAREHOLDER Other Against *Management Position Unknown No
PROPOSAL: AMEND ARTICLES TOSET BOARD SIZE AT
NO LARGER THAN 12 DIRECTORS, OF WHICH ONE MUST
BE A WOMAN
8. PLEASE NOTE THAT THIS RESOLUTION IS A SHAREHOLDER Other Against *Management Position Unknown No
PROPOSAL: AMEND ARTICLES TOREQUIRE ESTABLISHMENT OF
TWO COMMITTEES, ONE TO STUDY THE ECONOMIC VALUE OF
THE TOMARI NUCLEAR FACILITY, AND THE OTHER TO
COMPREHENSIVELY ASSESS THE OVERALL ECONOMIC
COMPETITIVENESS OF NUCLEAR ENERGY
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI GETF0037002 4,000 4,000 4,000 6/14/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
HOKURIKU ELECTRIC POWER CO INC N/A AGM Meeting Date: 06/29/2005
Issuer: J22050108 ISIN: JP3845400005
SEDOL: 6433127
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
1 APPROVE ALLOCATION OF INCOME, INCLUDING THE FOLLOWING Management For *Management Position Unknown No
DIVIDENDS: INTERIM JY25, FINAL JY 25, SPECIAL JY 0
2 AMEND ARTICLES TO: REDUCE MAXIMUM BOARD SIZE Management For *Management Position Unknown No
- AUTHORIZE PUBLIC ANNOUNCEMENTSIN ELECTRONIC FORMAT
3.1 ELECT DIRECTOR Management For *Management Position Unknown No
3.2 ELECT DIRECTOR Management For *Management Position Unknown No
3.3 ELECT DIRECTOR Management For *Management Position Unknown No
3.4 ELECT DIRECTOR Management For *Management Position Unknown No
3.5 ELECT DIRECTOR Management For *Management Position Unknown No
3.6 ELECT DIRECTOR Management For *Management Position Unknown No
3.7 ELECT DIRECTOR Management For *Management Position Unknown No
3.8 ELECT DIRECTOR Management For *Management Position Unknown No
3.9 ELECT DIRECTOR Management For *Management Position Unknown No
3.10 ELECT DIRECTOR Management For *Management Position Unknown No
3.11 ELECT DIRECTOR Management For *Management Position Unknown No
4.1 APPOINT INTERNAL STATUTORY AUDITOR Management For *Management Position Unknown No
4.2 APPOINT INTERNAL STATUTORY AUDITOR Management For *Management Position Unknown No
5 APPROVE RETIREMENT BONUSES FOR DIRECTORS AND Management For *Management Position Unknown No
STATUTORY AUDITORS
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI GETF0037002 4,000 4,000 4,000 6/15/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
KANSAI ELECTRIC POWER CO INC, OSAKA KAEPF.PK AGM Meeting Date: 06/29/2005
Issuer: J30169106 ISIN: JP3228600007
SEDOL: 89, 3564834
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
1 APPROVE ALLOCATION OF INCOME, INCLUDING THE FOLLOWING Management For *Management Position Unknown No
DIVIDENDS: INTERIM JY25, FINAL JY 25, SPECIAL JY 0
2.1 ELECT DIRECTOR Management For *Management Position Unknown No
2.2 ELECT DIRECTOR Management For *Management Position Unknown No
2.3 ELECT DIRECTOR Management For *Management Position Unknown No
2.4 ELECT DIRECTOR Management For *Management Position Unknown No
2.5 ELECT DIRECTOR Management For *Management Position Unknown No
2.6 ELECT DIRECTOR Management For *Management Position Unknown No
2.7 ELECT DIRECTOR Management For *Management Position Unknown No
2.8 ELECT DIRECTOR Management For *Management Position Unknown No
2.9 ELECT DIRECTOR Management For *Management Position Unknown No
2.10 ELECT DIRECTOR Management For *Management Position Unknown No
2.11 ELECT DIRECTOR Management For *Management Position Unknown No
2.12 ELECT DIRECTOR Management For *Management Position Unknown No
2.13 ELECT DIRECTOR Management For *Management Position Unknown No
2.14 ELECT DIRECTOR Management For *Management Position Unknown No
2.15 ELECT DIRECTOR Management For *Management Position Unknown No
2.16 ELECT DIRECTOR Management For *Management Position Unknown No
2.17 ELECT DIRECTOR Management For *Management Position Unknown No
2.18 ELECT DIRECTOR Management For *Management Position Unknown No
2.19 ELECT DIRECTOR Management For *Management Position Unknown No
2.20 ELECT DIRECTOR Management For *Management Position Unknown No
2.21 ELECT DIRECTOR Management For *Management Position Unknown No
2.22 ELECT DIRECTOR Management For *Management Position Unknown No
2.23 ELECT DIRECTOR Management For *Management Position Unknown No
2.24 ELECT DIRECTOR Management For *Management Position Unknown No
2.25 ELECT DIRECTOR Management For *Management Position Unknown No
2.26 ELECT DIRECTOR Management For *Management Position Unknown No
3 APPROVE RETIREMENT BONUSES FOR DIRECTORS Management For *Management Position Unknown No
4 AMEND ARTICLES TO CAP BOARD SIZE AT 12 Other Against *Management Position Unknown No
5 AMEND ARTICLES TO LIMIT NUMBER OF STATUTORY AUDITORS Other Against *Management Position Unknown No
AND REQUIRE ONE AUDITORFROM ENVIRONMENTAL NGO
6 AMEND ARTICLES TO REQUIRE EFFORTS TO PREVENT Other Against *Management Position Unknown No
GLOBAL WARMING
7 AMEND ARTICLES TO DECLARE SWITCH FROM NUCLEAR Other Against *Management Position Unknown No
TO NATURAL ENERGY
8 AMEND ARTICLES TO REQUIRE ALL EMPLOYEES TO RE-STUDY Other Against *Management Position Unknown No
COMPLIANCE MANUAL
9 AMEND ARTICLES TO REQUIRE PRIORITIZATION OF SKILLED Other Against *Management Position Unknown No
EMPLOYEES
10 AMEND ARTICLES TO PREVENT CUTS IN REPAIR AND Other Against *Management Position Unknown No
MAINTENANCE EXPENDITURES
11 APPROVE ALTERNATE INCOME ALLOCATION PROPOSAL Other Against *Management Position Unknown No
12 REMOVE TWO DIRECTORS FROM OFFICE Other Against *Management Position Unknown No
13 AMEND ARTICLES TO LIMIT BOARD SIZE AND REQUIRE Other Against *Management Position Unknown No
APPOINTMENT OF DIRECTOR TO BERESPONSIBLE FOR
VICTIMS OF NUCLEAR ACCIDENTS
14 ABOLISH RETIREMENT BONUS SYSTEM Other Against *Management Position Unknown No
15 AMEND ARTICLES TO REQUIRE APPOINTMENT OF ENVIRONMENTAL Other Against *Management Position Unknown No
MANAGEMENT COMMITTEE
16 AMEND ARTICLES TO REQUIRE APPOINTMENT OF NUCLEAR Other Against *Management Position Unknown No
POWER EARTHQUAKECOUNTERMEASURE COMMITTEE
17 AMEND ARTICLES TO PROHIBIT PARTICIPATION IN Other Against *Management Position Unknown No
REPROCESSING ACTIVITIES
18 AMEND ARTICLES TO PROHIBIT USE OF PLUTONIUM Other Against *Management Position Unknown No
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI GETF0037002 4,000 4,000 4,000 6/20/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
KYUSHU ELECTRIC POWER CO INC KYSEF.PK AGM Meeting Date: 06/29/2005
Issuer: J38468104 ISIN: JP3246400000
SEDOL: 4009230, 6499806
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
1. APPROVE ALLOCATION OF INCOME, INCLUDING THE FOLLOWING Management For *Management Position Unknown No
DIVIDENDS: INTERIM JY25, FINAL JY 35, SPECIAL JY 0
2.1 ELECT DIRECTOR Management For *Management Position Unknown No
2.2 ELECT DIRECTOR Management For *Management Position Unknown No
2.3 ELECT DIRECTOR Management For *Management Position Unknown No
2.4 ELECT DIRECTOR Management For *Management Position Unknown No
2.5 ELECT DIRECTOR Management For *Management Position Unknown No
2.6 ELECT DIRECTOR Management For *Management Position Unknown No
2.7 ELECT DIRECTOR Management For *Management Position Unknown No
2.8 ELECT DIRECTOR Management For *Management Position Unknown No
2.9 ELECT DIRECTOR Management For *Management Position Unknown No
2.10 ELECT DIRECTOR Management For *Management Position Unknown No
2.11 ELECT DIRECTOR Management For *Management Position Unknown No
2.12 ELECT DIRECTOR Management For *Management Position Unknown No
2.13 ELECT DIRECTOR Management For *Management Position Unknown No
2.14 ELECT DIRECTOR Management For *Management Position Unknown No
2.15 ELECT DIRECTOR Management For *Management Position Unknown No
2.16 ELECT DIRECTOR Management For *Management Position Unknown No
2.17 ELECT DIRECTOR Management For *Management Position Unknown No
2.18 ELECT DIRECTOR Management For *Management Position Unknown No
2.19 ELECT DIRECTOR Management For *Management Position Unknown No
3 APPOINT INTERNAL STATUTORY AUDITOR Management For *Management Position Unknown No
4 APPROVE RETIREMENT BONUSES FOR DIRECTORS AND Management For *Management Position Unknown No
STATUTORY AUDITOR
5 AMEND ARTICLES TO SPECIFY THAT RENEWABLE ENERGY Other Against *Management Position Unknown No
WILL BE MAIN FORM OF POWERGENERATION
6 AMEND ARTICLES TO REQUIRE DESIGNATION OF DIRECTORS Other Against *Management Position Unknown No
RESPONSIBLE FORINFORMATION DISCLOSURE IN PUBLIC
FORUM
7 AMEND ARTICLES TO ADD DECLARATION ON REDUCTION Other Against *Management Position Unknown No
OF GREENHOUSE GASES
8 AMEND ARTICLES TO ADD DECLARATION ON ABANDONMENT Other Against *Management Position Unknown No
OF PLANS FOR PLUTONIUMTHERMAL PROJECT
9 AMEND ARTICLES TO ADD DECLARATION OF NON-PARTICIPATION Other Against *Management Position Unknown No
IN ACTIVE TESTING ATNUCLEAR FUEL REPROCESSING PLANT
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI GETF0037002 4,000 4,000 4,000 6/14/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
ROGERS COMMUNICATIONS INC. RG Annual Meeting Date: 06/29/2005
Issuer: 775109 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 AMENDMENT TO THE RESTRICTED SHARE UNIT PLAN OF Management For For No
THE CORPORATION TO INCREASE THE NUMBER OF CLASS
B NON-VOTING SHARES RESERVED FOR ISSUANCE FROM
50,916 TO 2,000,000.
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 200 12,000 12,000 12,000 6/22/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
SHIKOKU ELECTRIC POWER CO INC N/A AGM Meeting Date: 06/29/2005
Issuer: J72079106 ISIN: JP3350800003
SEDOL: 6804347, B050792
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
1 APPROVE ALLOCATION OF INCOME, INCLUDING THE FOLLOWING Management For *Management Position Unknown No
DIVIDENDS: INTERIM JY25, FINAL JY 25, SPECIAL JY 0
2 AMEND ARTICLES TO: EXPAND BUSINESS LINES - DECREASE Management For *Management Position Unknown No
AUTHORIZED CAPITAL TOREFLECT SHARE REPURCHASE -
AUTHORIZE SHARE REPURCHASES AT BOARD S DISCRETION
3 AUTHORIZE SHARE REPURCHASE PROGRAM Management For *Management Position Unknown No
4.1 ELECT DIRECTOR Management For *Management Position Unknown No
4.2 ELECT DIRECTOR Management For *Management Position Unknown No
4.3 ELECT DIRECTOR Management For *Management Position Unknown No
4.4 ELECT DIRECTOR Management For *Management Position Unknown No
4.5 ELECT DIRECTOR Management For *Management Position Unknown No
4.6 ELECT DIRECTOR Management For *Management Position Unknown No
4.7 ELECT DIRECTOR Management For *Management Position Unknown No
4.8 ELECT DIRECTOR Management For *Management Position Unknown No
4.9 ELECT DIRECTOR Management For *Management Position Unknown No
4.10 ELECT DIRECTOR Management For *Management Position Unknown No
4.11 ELECT DIRECTOR Management For *Management Position Unknown No
4.12 ELECT DIRECTOR Management For *Management Position Unknown No
4.13 ELECT DIRECTOR Management For *Management Position Unknown No
4.14 ELECT DIRECTOR Management For *Management Position Unknown No
4.15 ELECT DIRECTOR Management For *Management Position Unknown No
4.16 ELECT DIRECTOR Management For *Management Position Unknown No
4.17 ELECT DIRECTOR Management For *Management Position Unknown No
4.18 ELECT DIRECTOR Management For *Management Position Unknown No
4.19 ELECT DIRECTOR Management For *Management Position Unknown No
4.20 ELECT DIRECTOR Management For *Management Position Unknown No
4.21 ELECT DIRECTOR Management For *Management Position Unknown No
5 APPROVE RETIREMENT BONUSES FOR DIRECTORS Management For *Management Position Unknown No
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI GETF0037002 4,000 4,000 4,000 6/15/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
TOHOKU ELECTRIC POWER CO INC N/A AGM Meeting Date: 06/29/2005
Issuer: J85108108 ISIN: JP3605400005
SEDOL: 6895266
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
1 MANAGEMENT PROPOSALS Management For *Management Position Unknown No
2 APPROVE ALLOCATION OF INCOME, INCLUDING THE FOLLOWING Management For *Management Position Unknown No
DIVIDENDS: INTERIM JY25, FINAL JY 25, SPECIAL JY 0
3 AMEND ARTICLES TO: REDUCE MAXIMUM BOARD SIZE Management For *Management Position Unknown No
- STREAMLINE BOARD STRUCTURE
4.1 ELECT DIRECTOR Management For *Management Position Unknown No
4.2 ELECT DIRECTOR Management For *Management Position Unknown No
4.3 ELECT DIRECTOR Management For *Management Position Unknown No
4.4 ELECT DIRECTOR Management For *Management Position Unknown No
4.5 ELECT DIRECTOR Management For *Management Position Unknown No
4.6 ELECT DIRECTOR Management For *Management Position Unknown No
4.7 ELECT DIRECTOR Management For *Management Position Unknown No
4.8 ELECT DIRECTOR Management For *Management Position Unknown No
4.9 ELECT DIRECTOR Management For *Management Position Unknown No
4.10 ELECT DIRECTOR Management For *Management Position Unknown No
4.11 ELECT DIRECTOR Management For *Management Position Unknown No
4.12 ELECT DIRECTOR Management For *Management Position Unknown No
4.13 ELECT DIRECTOR Management For *Management Position Unknown No
4.14 ELECT DIRECTOR Management For *Management Position Unknown No
4.15 ELECT DIRECTOR Management For *Management Position Unknown No
5.1 APPOINT INTERNAL STATUTORY AUDITOR Management For *Management Position Unknown No
5.2 APPOINT INTERNAL STATUTORY AUDITOR Management For *Management Position Unknown No
6 APPROVE RETIREMENT BONUSES FOR DIRECTORS AND Management For *Management Position Unknown No
STATUTORY AUDITORS AND SPECIALPAYMENT FOR FAMILY
OF DECEASED STATUTORY AUDITOR
7 SHAREHOLDER PROPOSALS Management For *Management Position Unknown No
8 APPROVE ALTERNATE INCOME ALLOCATION PROPOSAL Other Against *Management Position Unknown No
9 AMEND ARTICLES TO REQUIRE DISCLOSURE OF DIRECTOR Other Against *Management Position Unknown No
AND STATUTORY AUDITORCOMPENSATION ON AN INDIVIDUAL
BASIS
10 AMEND ARTICLES TO REQUIRE ESTABLISHMENT OF AN Other Against *Management Position Unknown No
INTERNAL COMPANY SYSTEM
11 AMEND ARTICLES TO REQUIRE COMPANY TO ESTABLISH Other Against *Management Position Unknown No
STANDARDS FOR DECOMMISSIONINGNUCLEAR REACTORS
12 AMEND ARTICLES TO FORBID COMPANY FROM PARTICIPATING Other Against *Management Position Unknown No
IN NUCLEAR FUELREPROCESSING
13 APPROVE REDUCED RETIREMENT BONUSES FOR DIRECTORS Other Against *Management Position Unknown No
AND STATUTORY AUDITORS
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI GETF0037002 4,000 4,000 4,000 6/14/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
TOHOKU ELECTRIC POWER CO INC N/A AGM Meeting Date: 06/29/2005
Issuer: J85108108 ISIN: JP3605400005
SEDOL: 6895266
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
3.13 ELECT A DIRECTOR Management For *Management Position Unknown No
3.14 ELECT A DIRECTOR Management For *Management Position Unknown No
3.15 ELECT A DIRECTOR Management For *Management Position Unknown No
4.1 APPOINT THE INTERNAL STATUTORY AUDITOR Management For *Management Position Unknown No
4.2 APPOINT THE INTERNAL STATUTORY AUDITOR Management For *Management Position Unknown No
5. APPROVE THE RETIREMENT BONUSES FOR THE DIRECTORS Management For *Management Position Unknown No
AND THE STATUTORY AUDITORS AND THE SPECIAL PAYMENT
FOR FAMILY OF DECEASED STATUTORY AUDITOR
6. PLEASE NOTE THAT THIS RESOLUTION IS A SHAREHOLDERS Other Against *Management Position Unknown No
PROPOSAL: APPROVE THE ALTERNATE INCOME ALLOCATION
PROPOSAL
7. PLEASE NOTE THAT THIS RESOLUTION IS A SHAREHOLDERS Other Against *Management Position Unknown No
PROPOSAL: AMEND THE ARTICLES TO REQUIRE DISCLOSURE
OF THE DIRECTOR AND THE STATUTORY AUDITOR
COMPENSATION ON AN INDIVIDUAL BASIS
8. PLEASE NOTE THAT THIS RESOLUTION IS A SHAREHOLDERS Other Against *Management Position Unknown No
PROPOSAL: AMEND THE ARTICLES TO REQUIRE ESTABLISHMENT
OF AN INTERNAL COMPANY SYSTEM
9. PLEASE NOTE THAT THIS RESOLUTION IS A SHAREHOLDERS Other Against *Management Position Unknown No
PROPOSAL: AMEND THE ARTICLES TO REQUIRE COMPANY
TO ESTABLISH STANDARDS FOR DECOMMISSIONING NUCLEAR
REACTORS
3.1 ELECT A DIRECTOR Management For *Management Position Unknown No
3.3 ELECT A DIRECTOR Management For *Management Position Unknown No
10. PLEASE NOTE THAT THIS RESOLUTION IS A SHAREHOLDERS Other Against *Management Position Unknown No
PROPOSAL: AMEND THE ARTICLES TO FORBID COMPANY
FROM PARTICIPATING IN NUCLEAR FUEL REPROCESSING
* PLEASE NOTE THAT THIS IS AN AMENDMENT TO MEETING Non-Voting *Management Position Unknown No
ID 244780 DUE TO DELETION OFRESOLUTIONS. ALL
VOTES RECEIVED ON THE PREVIOUS MEETING WILL BE
DISREGARDED AND YOU WILL NEED TO REINSTRUCT ON
THIS MEETING NOTICE. THANK YOU
1. APPROVE THE ALLOCATION OF INCOME, INCLUDING THE Management For *Management Position Unknown No
FOLLOWING DIVIDENDS: INTERIM JPY 25, FINAL JPY
25, SPECIAL JPY 0
2. AMEND THE ARTICLES TO REDUCE THE MAXIMUM BOARD Management For *Management Position Unknown No
SIZE - STREAMLINE BOARD STRUCTURE
3.2 ELECT A DIRECTOR Management For *Management Position Unknown No
3.4 ELECT A DIRECTOR Management For *Management Position Unknown No
3.5 ELECT A DIRECTOR Management For *Management Position Unknown No
3.6 ELECT A DIRECTOR Management For *Management Position Unknown No
3.7 ELECT A DIRECTOR Management For *Management Position Unknown No
3.8 ELECT A DIRECTOR Management For *Management Position Unknown No
3.9 ELECT A DIRECTOR Management For *Management Position Unknown No
3.10 ELECT A DIRECTOR Management For *Management Position Unknown No
3.11 ELECT A DIRECTOR Management For *Management Position Unknown No
3.12 ELECT A DIRECTOR Management For *Management Position Unknown No
11. PLEASE NOTE THAT THIS RESOLUTION IS A SHAREHOLDERS Other Against *Management Position Unknown No
PROPOSAL: APPROVE TO REDUCE THE RETIREMENT BONUSES
FOR THE DIRECTORS AND THE STATUTORY AUDITORS
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI GETF0037002 4,000 4,000 4,000 6/21/2005
UTILITY
TRUST
</table>
- ------------------------------------------------------------------------------------------------------------------------------------
AT&T CORP. T Annual Meeting Date: 06/30/2005
Issuer: 001957 ISIN:
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote For or Against Contrary to
Number Proposal Type Cast Mgmt. Policy
- ------------------------------------------------------------------------------------------------------------------------------------
01 ADOPT THE MERGER AGREEMENT AMONG SBC, AT&T AND Management For For No
MERGER SUB
01A ADJOURNMENT TO PERMIT FURTHER SOLICITATION OF Management For For No
PROXIES IN FAVOR OF ITEM 1
02 DIRECTOR Management For No
W.F. ALDINGER Management For For
K.T. DERR Management For For
D.W. DORMAN Management For For
M.K. EICKHOFF-SMITH Management For For
H.L. HENKEL Management For For
F.C. HERRINGER Management For For
J.C. MADONNA Management For For
D.F. MCHENRY Management For For
T.L. WHITE Management For For
03 RATIFICATION OF AUDITORS Management For For No
04 NO FUTURE STOCK OPTIONS Shareholder Against For No
05 LINK RESTRICTED STOCK UNIT VESTING TO PERFORMANCE Shareholder Against For No
06 EXECUTIVE COMPENSATION Shareholder Against For No
07 POISON PILL Shareholder For Against No
08 SHAREHOLDER APPROVAL OF FUTURE SERPS Shareholder Against For No
09 SHAREHOLDER RATIFICATION OF SEVERANCE AGREEMENTS Shareholder Against For No
Custodian Stock Ballot Voted Holdings Vote
Account Name Account Class Shares Shares Shares Date
- ------------------------------------------------------------------------------------------------------------------------------------
GABELLI B01GETF0037002B 505 50,000 50,000 50,000 6/23/2005
UTILITY
TRUST
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 The Gabelli Utility Trust
---------------------------------------------------------------------
By (Signature and Title)* /s/ Bruce N. Alpert
--------------------------------------------------------
Bruce N. Alpert, Principal Executive Officer
Date August 30, 2005
----------------------------------------------------------------------------
*Print the name and title of each signing officer under his or her signature.