FORM N-PX ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number: 811-4471 VAlue Line Aggressive Income Trust - -------------------------------------------------------------------------------- (Exact name of registrant as specified in charter) 220 East 42nd Street, New York, NY 10017 - -------------------------------------------------------------------------------- (Address of principal executive offices) David Henigson - -------------------------------------------------------------------------------- (Name and address of agent for service) Registrant's telephone number, including area code: 212-907-1500 Date of Fiscal year-end: 1/31 Date of reporting period: 7/1/2005 - 6/30/2006 Item 1. Proxy Voting Record BAXTER INTERNATIONAL INC. Ticker: BAX Security ID: 071813109 Meeting Date: MAY 9, 2006 Meeting Type: Annual Record Date: MAR 13, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Walter E. Boomer For For Management 1.2 Elect Director James R. Gavin, III For For Management 1.3 Elect Director Peter S. Hellman For For Management 1.4 Elect Director K.J. Storm For For Management 2 Ratify Auditors For For Management 3 Declassify the Board of Directors For For Management 4 Establish Range For Board Size For For Management 5 Submit Shareholder Rights Plan (Poison Against For Shareholder Pill) to Shareholder Vote - -------------------------------------------------------------------------------- BOOKHAM, INC Ticker: BKHM Security ID: 09856E105 Meeting Date: MAR 22, 2006 Meeting Type: Special Record Date: FEB 9, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Issuance of Warrants/Convertible For Did Not Management Debentures Vote 2 Other Business For Did Not Management Vote - -------------------------------------------------------------------------------- COEUR D' ALENE MINES CORP. Ticker: CDE Security ID: 192108108 Meeting Date: MAY 9, 2006 Meeting Type: Annual Record Date: MAR 21, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Cecil D. Andrus For For Management 1.2 Elect Director James J. Curran For For Management 1.3 Elect Director Andrew Lundquist For For Management 1.4 Elect Director Robert E. Mellor For For Management 1.5 Elect Director John H. Robinson For For Management 1.6 Elect Director J. Kenneth Thompson For For Management 1.7 Elect Director Alex Vitale For For Management 1.8 Elect Director Timothy R. Winterer For For Management 1.9 Elect Director Dennis E. Wheeler For For Management 2 Ratify Auditors For For Management - -------------------------------------------------------------------------------- CRESCENT REAL ESTATE EQUITIES COMPANY Ticker: CEI Security ID: 225756105 Meeting Date: MAY 8, 2006 Meeting Type: Annual Record Date: MAR 24, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Richard E. Rainwater For For Management 1.2 Elect Director Anthony M. Frank For For Management 1.3 Elect Director William F. Quinn For For Management 2 Ratify Auditors For For Management - -------------------------------------------------------------------------------- HUNTSMAN CORP Ticker: HUN Security ID: 447011206 Meeting Date: MAY 4, 2006 Meeting Type: Annual Record Date: MAR 16, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Peter R. Huntsman For For Management 1.2 Elect Director Wayne A. Reaud For For Management 1.3 Elect Director Alvin V. Shoemaker For For Management 2 Ratify Auditors For For Management - -------------------------------------------------------------------------------- MEADE INSTRUMENTS CORP Ticker: MEAD Security ID: 583062104 Meeting Date: JUL 7, 2005 Meeting Type: A Record Date: MAY 17, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1.01 Elect Michael P. Hoopis For For Management 1.02 Elect Vernon L. Fotheringham For For Management - -------------------------------------------------------------------------------- PRIMEWEST ENERGY TRUST Ticker: PWI Security ID: 741930309 Meeting Date: MAY 4, 2006 Meeting Type: Annual/Special Record Date: MAR 15, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Elect Directors Harold P. Milavsky, Barry For For Management E. Emes, Harold N. Kvisle, Kent J. MacIntyre, Michael W. O'Brien, W. Glen Russell, James W. Patek and Peter Valentine 2 Approve PricewaterhouseCoopers LLP as For For Management Auditors and Authorize Board to Fix Remuneration of Auditors 3 Amend Stock Option Plan For Against Management - -------------------------------------------------------------------------------- SEMCO ENERGY, INC. Ticker: SEN Security ID: 78412D109 Meeting Date: MAY 22, 2006 Meeting Type: Annual Record Date: MAR 23, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director John T. Ferris For For Management 1.2 Elect Director Paul F. Naughton For For Management 1.3 Elect Director Edwina Rogers For For Management - -------------------------------------------------------------------------------- UNISYS CORP. Ticker: UIS Security ID: 909214108 Meeting Date: APR 20, 2006 Meeting Type: Annual Record Date: FEB 28, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Randall J. Hogan For For Management 1.2 Elect Director Edwin A. Huston For For Management 1.3 Elect Director Leslie F. Kenne For For Management 1.4 Elect Director Joseph W. McGrath For For Management 2 Ratify Auditors For For Management - -------------------------------------------------------------------------------- XCEL ENERGY INC. Ticker: XEL Security ID: 98389B100 Meeting Date: MAY 17, 2006 Meeting Type: Annual Record Date: MAR 21, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director C. Coney Burgess For For Management 1.2 Elect Director Fredric W. Corrigan For For Management 1.3 Elect Director Richard K. Davis For For Management 1.4 Elect Director Roger R. Hemminghaus For For Management 1.5 Elect Director A. Barry Hirschfeld For For Management 1.6 Elect Director Richard C. Kelly For For Management 1.7 Elect Director Douglas W. Leatherdale For For Management 1.8 Elect Director Albert F. Moreno For For Management 1.9 Elect Director Dr. Margaret R. Preska For For Management 1.10 Elect Director A. Patricia Sampson For For Management 1.11 Elect Director Richard H. Truly For For Management 2 Ratify Auditors For For Management 3 Separate Chairman and CEO Positions Against For Shareholder - -------------------------------------------------------------------------------- XO HOLDINGS, INC. Ticker: XOHO Security ID: 98417K106 Meeting Date: JUN 21, 2006 Meeting Type: Annual Record Date: MAY 22, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Carl C. Icahn For Withhold Management 1.2 Elect Director Carl J. Grivner For Withhold Management 1.3 Elect Director Jon F. Weber For Withhold Management 1.4 Elect Director Adam Dell For For Management 1.5 Elect Director Fredrik C. Gradin For For Management 1.6 Elect Director Vincent J. Intrieri For Withhold Management 1.7 Elect Director Robert L. Knauss For For Management 1.8 Elect Director Keith Meister For Withhold Management SIGNATURES: Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. VAlue Line Aggressive Income Trust - -------------------------------------------------------------------------------- (Registrant) By /s/ David T. Henigson ------------------------------------------------------------------------- David T. Henigson, Vice President and Secretary/Treasurer (Signature & Title) Date August 23, 2006