UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT
COMPANY
Investment Company Act file number 811-08059
Cohen & Steers Special Equity Fund, Inc.
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(Exact name of registrant as specified in charter)
757 Third Avenue
New York, NY 10017
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(Address of principal executive offices) (Zip code)
Lawrence B. Stoller
Cohen & Steers
757 Third Avenue
New York, NY 10017
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(Name and address of agent for service)
Registrant's telephone number, including area code: 212-832-3232
Date of fiscal year end: 12/31
Date of reporting period: 07/01/2003 - 06/30/2004
ITEM 1. PROXY VOTING RECORD
The information contained herein discloses the following information for each
matter relating to a portfolio security considered at any shareholder meeting
held during the period covered by the report and with respect to which the
registrant was entitled to vote:
(a) The name of the issuer of the portfolio security;
(b) The exchange ticker symbol of the portfolio security;
(c) The Council on Uniform Securities Identification Procedures ("CUSIP")
number for the portfolio security;
(d) The shareholder meeting date;
(e) A brief identification of the matter voted on;
(f) Whether the matter was proposed by the issuer or by a security holder;
(g) Whether the registrant cast its vote on the matter;
(h) How the registrant cast its vote (e.g., for or against proposal, or abstain;
for or withhold regarding election of directors); and
(i) Whether the registrant cast its vote for or against management.
Cohen & Steers Special Equity Fund
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ALEXANDER'S, INC. Agenda: 932164546
CUSIP: 014752109 Meeting Type: Annual
Ticker: ALX Meeting Date: 5/27/2004 ISIN:
For/Against
Proposal Type Vote Management
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01 DR. RICHARD R. WEST Mgmt For For
DAVID MANDELBAUM Mgmt For For
MICHAEL D. FASCITELLI Mgmt For For
02 RATIFICATION OF SELECTION OF Mgmt For For
INDEPENDENT AUDITORS.
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ARCHSTONE-SMITH TRUST Agenda: 932122574
CUSIP: 039583109 Meeting Type: Annual
Ticker: ASN Meeting Date: 5/20/2004 ISIN:
For/Against
Proposal Type Vote Management
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01 ERNEST A. GERARDI, JR. Mgmt For For
R. SCOT SELLERS Mgmt For For
RUTH ANN M. GILLIS Mgmt For For
NED S. HOLMES Mgmt For For
02 RATIFICATION OF APPOINTMENT OF KPMG Mgmt For For
LLP AS AUDITORS FOR CURRENT FISCAL
YEAR.
03 SHAREHOLDER PROPOSAL REGARDING Shr For Against
SEVERANCE AGREEMENTS.
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AVALONBAY COMMUNITIES, INC. Agenda: 932103562
CUSIP: 053484101 Meeting Type: Annual
Ticker: AVB Meeting Date: 5/5/2004 ISIN:
For/Against
Proposal Type Vote Management
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01 ALLAN D. SCHUSTER Mgmt For For
LANCE R. PRIMIS Mgmt For For
CHARLES D. PEEBLER, JR. Mgmt Withheld Against
GILBERT M. MEYER Mgmt For For
JOHN J. HEALY, JR. Mgmt For For
BRYCE BLAIR Mgmt For For
AMY P. WILLIAMS Mgmt For For
BRUCE A. CHOATE Mgmt For For
02 TO CONSIDER AND ACT UPON A STOCKHOLDER Shr Against For
PROPOSAL DESCRIBED IN THE PROXY
STATEMENT IF PROPERLY PRESENTED AT THE
ANNUAL MEETING.
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BRE PROPERTIES, INC. Agenda: 932145320
CUSIP: 05564E106 Meeting Type: Annual
Ticker: BRE Meeting Date: 5/20/2004 ISIN:
For/Against
Proposal Type Vote Management
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01 APPROVAL OF AMENDING THE COMPANY S Mgmt For For
CURRENT ARTICLES OF INCORPORATION TO
PROVIDE FOR THE COMPANY S MOVING FROM
A STAGGERED BOARD STRUCTURE TOWARD THE
ELECTION OF ALL DIRECTORS ANNUALLY.
02 JEANNE R. MYERSON Mgmt For For
ROGER P. KUPPINGER Mgmt For For
ROBERT A. FIDDAMAN Mgmt For For
03 RATIFICATION OF SELECTION OF ERNST & Mgmt For For
YOUNG LLP AS INDEPENDENT AUDITORS FOR
THE YEAR ENDED DECEMBER 31, 2004.
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BOSTON PROPERTIES, INC. Agenda: 932116381
CUSIP: 101121101 Meeting Type: Annual
Ticker: BXP Meeting Date: 5/5/2004 ISIN:
For/Against
Proposal Type Vote Management
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01 ALAN B. LANDIS Mgmt For For
RICHARD E. SALOMON Mgmt For For
MORTIMER B. ZUCKERMAN Mgmt For For
CAROL B. EINIGER Mgmt For For
02 TO CONSIDER AND ACT UPON A STOCKHOLDER Shr For Against
PROPOSAL CONCERNING THE ANNUAL
ELECTION OF DIRECTORS, IF PROPERLY
PRESENTED AT THE MEETING.
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BROOKFIELD PROPERTIES CORPORATION Agenda: 932123401
CUSIP: 112900105 Meeting Type: Special
Ticker: BPO Meeting Date: 4/28/2004 ISIN:
For/Against
Proposal Type Vote Management
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01 LANCE LIEBMAN Mgmt For For
JOHN E. ZUCCOTTI Mgmt For For
W.C. WHEATON, PH.D. Mgmt For For
SAM POLLOCK, O.C. Mgmt For For
01 ALLAN S. OLSON Mgmt For For
JOHN R. MCCAIG Mgmt For For
J. BRUCE FLATT Mgmt For For
JACK L. COCKWELL Mgmt For For
RICHARD B. CLARK Mgmt For For
WILLIAM T. CAHILL Mgmt For For
GORDON E. ARNELL Mgmt For For
PAUL D. MCFARLANE Mgmt For For
02 RESOLUTION ADOPTING AN AMENDMENT TO Mgmt For For
THE SHARE OPTION PLAN (SCHEDULE A OF
MANAGEMENT PROXY CIRCULAR): THE
ADOPTION OF THE AMENDMENT TO THE SHARE
OPTION PLAN.
03 APPOINTMENT OF AUDITORS: THE Mgmt For For
APPOINTMENT OF AUDITORS AND
AUTHORIZING THE DIRECTORS TO FIX THE
AUDITORS REMUNERATION.
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CARRAMERICA REALTY CORPORATION Agenda: 932124035
CUSIP: 144418100 Meeting Type: Annual
Ticker: CRE Meeting Date: 4/29/2004 ISIN:
For/Against
Proposal Type Vote Management
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01 TIMOTHY HOWARD Mgmt For For
THOMAS A. CARR Mgmt For For
WESLEY S. WILLIAMS, JR. Mgmt For For
ROBERT E. TORRAY Mgmt For For
ANDREW F. BRIMMER Mgmt For For
PHILIP L. HAWKINS Mgmt For For
JOAN CARTER Mgmt For For
02 TO LIMIT THE LENGTH OF SERVICE OF THE Shr Against For
MEMBERS OF THE BOARD OF DIRECTORS TO
SIX YEARS
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CATELLUS DEVELOPMENT CORPORATION Agenda: 932038296
CUSIP: 149111106 Meeting Type: Annual
Ticker: CDX Meeting Date: 9/26/2003 ISIN:
For/Against
Proposal Type Vote Management
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01 APPROVE AND ADOPT THE AGREEMENT AND Mgmt For For
PLAN OF MERGER DATED JULY 31, 2003
AMONG CATELLUS DEVELOPMENT
CORPORATION, CATELLUS SUBCO, INC. AND
CATELLUS OPERATING LIMITED PARTNERSHIP
PURSUANT TO WHICH THE REIT CONVERSION
WILL BE EFFECTED
02 WILLIAM M. KAHANE Mgmt For For
JOSEPH F. ALIBRANDI Mgmt For For
STEPHEN F. BOLLENBACH Mgmt For For
DARYL J. CARTER Mgmt For For
CHRISTINE GARVEY Mgmt For For
LESLIE D. MICHELSON Mgmt For For
DEANNA W. OPPENHEIMER Mgmt For For
NELSON C. RISING Mgmt For For
THOMAS M. STEINBERG Mgmt For For
CORA M. TELLEZ Mgmt For For
RICHARD D. FARMAN Mgmt For For
03 APPROVE THE AMENDMENT TO THE 2000 Mgmt For For
PERFORMANCE AWARD PLAN
04 APPROVE AND ADOPT THE 2003 PERFORMANCE Mgmt For For
AWARD PLAN
05 STOCKHOLDER PROPOSAL RELATING TO Shr For Against
STOCKHOLDER RIGHTS PLAN
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ESSEX PROPERTY TRUST, INC. Agenda: 932141269
CUSIP: 297178105 Meeting Type: Annual
Ticker: ESS Meeting Date: 5/11/2004 ISIN:
For/Against
Proposal Type Vote Management
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01 THOMAS E. RANDLETT Mgmt For For
ISSIE N. RABINOVITCH Mgmt For For
KEITH R. GUERICKE Mgmt For For
02 APPROVAL OF THE ESSEX PROPERTY TRUST, Mgmt For For
INC. 2004 STOCK INCENTIVE PLAN.
03 RATIFICATION OF THE APPOINTMENT OF Mgmt For For
KPMG LLP AS THE INDEPENDENT AUDITORS
FOR THE COMPANY FOR THE YEAR ENDING
DECEMBER 31, 2004.
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FEDERAL REALTY INVESTMENT TRUST Agenda: 932122928
CUSIP: 313747206 Meeting Type: Annual
Ticker: FRT Meeting Date: 5/5/2004 ISIN:
For/Against
Proposal Type Vote Management
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01 KRISTIN GAMBLE Mgmt For For
DAVID W. FAEDER Mgmt For For
02 TO AMEND THE TRUST S DECLARATION OF Mgmt For For
TRUST TO CHANGE THE PERMISSIBLE SIZE
OF THE BOARD FROM A RANGE OF 3 TO 15
TRUSTEES TO A RANGE OF 5 TO 10
TRUSTEES.
03 TO AMEND THE TRUST S DECLARATION OF Mgmt For For
TRUST TO DECREASE THE VOTE REQUIRED BY
SHAREHOLDERS TO REMOVE A TRUSTEE
WITH OR WITHOUT CAUSE FROM 80% TO 67%.
04 TO RATIFY THE APPOINTMENT OF GRANT Mgmt For For
THORNTON LLP AS THE TRUST S
INDEPENDENT ACCOUNTANTS FOR THE FISCAL
YEAR ENDING DECEMBER 31, 2004.
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HILTON HOTELS CORPORATION Agenda: 932138046
CUSIP: 432848109 Meeting Type: Annual
Ticker: HLT Meeting Date: 5/27/2004 ISIN:
For/Against
Proposal Type Vote Management
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01 DONNA F. TUTTLE Mgmt For For
JOHN H. MYERS Mgmt For For
DAVID MICHELS Mgmt For For
A. STEVEN CROWN Mgmt For For
02 RATIFICATION OF ERNST & YOUNG LLP AS Mgmt For For
THE COMPANY S AUDITORS FOR 2004.
03 APPROVAL OF THE COMPANY S 2004 OMNIBUS Mgmt Against Against
EQUITY COMPENSATION PLAN.
04 APPROVAL OF THE COMPANY S ANNUAL Mgmt For For
INCENTIVE PLAN.
05 A STOCKHOLDER PROPOSAL CONCERNING Shr For Against
BOARD DECLASSIFICATION.
06 A STOCKHOLDER PROPOSAL CONCERNING Shr For Against
BOARD INDEPENDENCE.
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HOST MARRIOTT CORPORATION Agenda: 932141497
CUSIP: 44107P104 Meeting Type: Annual
Ticker: HMT Meeting Date: 5/20/2004 ISIN:
For/Against
Proposal Type Vote Management
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01 CHRISTOPHER J NASSETTA* Mgmt For For
RICHARD E. MARRIOTT* Mgmt For For
JOHN B. MORSE, JR.** Mgmt For For
02 RATIFY APPOINTMENT OF KPMG LLP AS Mgmt For For
INDEPENDENT AUDITORS.
03 PROPOSAL TO AMEND THE COMPANY S Mgmt For For
ARTICLES OF INCORPORATION TO DE-
CLASSIFY THE BOARD OF DIRECTORS.
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KILROY REALTY CORPORATION Agenda: 932125392
CUSIP: 49427F108 Meeting Type: Annual
Ticker: KRC Meeting Date: 5/18/2004 ISIN:
For/Against
Proposal Type Vote Management
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01 WILLIAM P. DICKEY Mgmt Withheld Against
JOHN R. D'EATHE Mgmt Withheld Against
E. F. BRENNAN, PH.D. Mgmt For For
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MAGUIRE PROPERTIES INC. Agenda: 932166552
CUSIP: 559775101 Meeting Type: Annual
Ticker: MPG Meeting Date: 6/3/2004 ISIN:
For/Against
Proposal Type Vote Management
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01 RICHARD I. GILCHRIST Mgmt For For
ANDREA L. VAN DE KAMP Mgmt For For
ROBERT F. MAGUIRE III Mgmt For For
LAWRENCE S. KAPLAN Mgmt For For
CAROLINE S. MCBRIDE Mgmt For For
WALTER L. WEISMAN Mgmt For For
02 RATIFICATION OF THE SELECTION OF KPMG Mgmt For For
LLP AS THE COMPANY S INDEPENDENT
AUDITORS FOR THE YEAR ENDED
DECEMBER 31, 2004.
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MERISTAR HOSPITALITY CORPORATION Agenda: 932145825
CUSIP: 58984Y103 Meeting Type: Annual
Ticker: MHX Meeting Date: 5/26/2004 ISIN:
For/Against
Proposal Type Vote Management
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01 JAMES R. WORMS* Mgmt For For
PAUL W. WHETSELL* Mgmt For For
H. CABOT LODGE III** Mgmt For For
D. ELLEN SHUMAN* Mgmt For For
02 RATIFICATION OF THE APPOINTMENT OF Mgmt For For
KPMG LLP AS INDEPENDENT AUDITORS FOR
THE COMPANY FOR THE FISCAL YEAR ENDING
DECEMBER 31, 2004.
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POST PROPERTIES, INC. Agenda: 932151513
CUSIP: 737464107 Meeting Type: Annual
Ticker: PPS Meeting Date: 5/27/2004 ISIN:
For/Against
Proposal Type Vote Management
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01 DOUGLAS CROCKER II* Mgmt For For
WALTER M. DERISO, JR.* Mgmt For For
NICHOLAS B. PAUMGARTEN* Mgmt For For
02 TO APPROVE THE AMENDMENT TO THE BYLAWS Mgmt For For
TO DECLASSIFY THE BOARD OF DIRECTORS.
03 TO APPROVE THE SHAREHOLDER PROPOSAL Shr Against For
REGARDING SHAREHOLDER APPROVAL OF
DIRECTOR COMPENSATION.
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PROLOGIS Agenda: 932107281
CUSIP: 743410102 Meeting Type: Annual
Ticker: PLD Meeting Date: 5/18/2004 ISIN:
For/Against
Proposal Type Vote Management
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01 DONALD P. JACOBS Mgmt For For
STEPHEN L. FEINBERG Mgmt For For
D. MICHAEL STEUERT Mgmt For For
J. ANDRE TEIXEIRA Mgmt For For
02 APPROVAL OF AMENDED AND RESTATED 2000 Mgmt For For
SHARE OPTION PLAN FOR OUTSIDE
TRUSTEES.
03 APPROVAL OF APPOINTMENT OF INDEPENDENT Mgmt For For
AUDITORS FOR 2004.
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PUBLIC STORAGE, INC. Agenda: 932136864
CUSIP: 74460D109 Meeting Type: Annual
Ticker: PSA Meeting Date: 5/6/2004 ISIN:
For/Against
Proposal Type Vote Management
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01 HARVEY LENKIN Mgmt For For
RONALD L. HAVNER, JR. Mgmt For For
ROBERT J. ABERNETHY Mgmt For For
DANN V. ANGELOFF Mgmt For For
WILLIAM C. BAKER Mgmt For For
JOHN T. EVANS Mgmt For For
URI P. HARKHAM Mgmt For For
B. WAYNE HUGHES, JR. Mgmt Withheld Against
DANIEL C. STATON Mgmt For For
B. WAYNE HUGHES Mgmt For For
02 RATIFICATION OF APPOINTMENT OF ERNST & Mgmt For For
YOUNG LLP, INDEPENDENT AUDITORS, TO
AUDIT THE ACCOUNTS OF PUBLIC STORAGE,
INC. FOR THE FISCAL YEAR ENDING
DECEMBER 31, 2004.
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THE ROUSE COMPANY Agenda: 932133084
CUSIP: 779273101 Meeting Type: Annual
Ticker: RSE Meeting Date: 5/6/2004 ISIN:
For/Against
Proposal Type Vote Management
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A ROGER W. SCHIPKE Mgmt For For
JEREMIAH E. CASEY Mgmt For For
B CONSIDERATION OF A PROPOSAL BY THE Mgmt For For
BOARD OF DIRECTORS TO AMEND THE
CHARTER OF THE ROUSE COMPANY TO
INCREASE THE TOTAL NUMBER OF
AUTHORIZED SHARES OF COMMON STOCK OF
THE ROUSE COMPANY.
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SL GREEN REALTY CORP. Agenda: 932148869
CUSIP: 78440X101 Meeting Type: Annual
Ticker: SLG Meeting Date: 5/19/2004 ISIN:
For/Against
Proposal Type Vote Management
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01 E. THOMAS BURTON, III Mgmt For For
02 TO RATIFY THE SELECTION OF ERNST & Mgmt For For
YOUNG LLP AS OUR INDEPENDENT
AUDITORS FOR THE FISCAL YEAR ENDING
DECEMBER 31, 2004.
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SHURGARD STORAGE CENTERS, INC. Agenda: 932178862
CUSIP: 82567D104 Meeting Type: Annual
Ticker: SHU Meeting Date: 6/29/2004 ISIN:
For/Against
Proposal Type Vote Management
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01 CHARLES K. BARBO** Mgmt For For
A. K. 'ANNIKA' ANDREWS* Mgmt For For
HOWARD P. BEHAR** Mgmt For For
RICHARD P. FOX** Mgmt For For
02 THE RATIFICATION OF THE SELECTION OF Mgmt For For
INDEPENDENT AUDITORS,
PRICEWATERHOUSECOOPERS LLP
03 TO APPROVE THE COMPANY S 2004 LONG- Mgmt Against Against
TERM INCENTIVE PLAN
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STARWOOD HOTELS & RESORTS WORLDWIDE, Agenda: 932134466
CUSIP: 85590A203 Meeting Type: Annual
Ticker: HOT Meeting Date: 5/7/2004 ISIN:
For/Against
Proposal Type Vote Management
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01 ERIC HIPPEAU Mgmt For For
DANIEL YIH Mgmt For For
KNEELAND YOUNGBLOOD Mgmt For For
02 RATIFICATION OF THE APPOINTMENT OF Mgmt For For
ERNST & YOUNG LLP AS THE COMPANY S
INDEPENDENT AUDITORS FOR 2004.
03 APPROVAL OF THE 2004 LONG-TERM Mgmt Against Against
INCENTIVE COMPENSATION PLAN.
04 APPROVAL OF AN AMENDMENT TO THE Mgmt For For
COMPANY S CHARTER TO DECLASSIFY THE
BOARD OF DIRECTORS AND PROVIDE FOR THE
ANNUAL ELECTION OF DIRECTORS.
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SUMMIT PROPERTIES INC. Agenda: 932127120
CUSIP: 866239106 Meeting Type: Annual
Ticker: SMT Meeting Date: 5/26/2004 ISIN:
For/Against
Proposal Type Vote Management
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01 WENDY P. RICHES Mgmt For For
JAMES H. HANCE, JR. Mgmt For For
01 HENRY H. FISHKIND Mgmt For For
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SUN COMMUNITIES, INC. Agenda: 932154759
CUSIP: 866674104 Meeting Type: Annual
Ticker: SUI Meeting Date: 5/20/2004 ISIN:
For/Against
Proposal Type Vote Management
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01 ARTHUR A. WEISS Mgmt For For
CLUNET R. LEWIS Mgmt For For
02 2004 NON-EMPLOYEE DIRECTOR OPTION Mgmt For For
PLAN.
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TAUBMAN CENTERS, INC. Agenda: 932069772
CUSIP: 876664103 Meeting Type: Annual
Ticker: TCO Meeting Date: 12/19/2003 ISIN:
For/Against
Proposal Type Vote Management
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01 WILLIAM S. TAUBMAN Mgmt Withheld Against
GRAHAM T. ALLISON Mgmt Withheld Against
PETER KARMANOS, JR. Mgmt Withheld Against
02 RATIFICATION OF INDEPENDENT AUDITORS: Mgmt For For
RATIFICATION OF THE SELECTION OF
DELOITTE & TOUCHE LLP AS INDEPENDENT
AUDITORS FOR 2003.
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TAUBMAN CENTERS, INC. Agenda: 932133096
CUSIP: 876664103 Meeting Type: Annual
Ticker: TCO Meeting Date: 5/18/2004 ISIN:
For/Against
Proposal Type Vote Management
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01 CRAIG HATKOFF Mgmt For For
ALLAN J. BLOOSTEIN Mgmt Withheld Against
JEROME A. CHAZEN Mgmt Withheld Against
02 RATIFICATION OF THE SELECTION OF KPMG Mgmt For For
LLP AS INDEPENDENT AUDITORS FOR 2004.
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VORNADO REALTY TRUST Agenda: 932169154
CUSIP: 929042109 Meeting Type: Annual
Ticker: VNO Meeting Date: 5/27/2004 ISIN:
For/Against
Proposal Type Vote Management
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01 DR. RICHARD R. WEST Mgmt For For
ROBERT P. KOGOD Mgmt For For
01 DAVID MANDELBAUM Mgmt For For
02 RATIFICATION OF SELECTION OF Mgmt For For
INDEPENDENT AUDITORS.
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) Cohen & Steers Special Equity Fund, Inc.
By (Signature) /S/ Adam M. Derechin
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Name Adam M. Derechin
Title Vice President
Date 08-30-2004