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Public Sector Pension Investment Board

PRI reporting framework 2018

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You are in Direct - Listed Equity Active Ownership » (Proxy) voting and shareholder resolutions » Outputs and outcomes

Outputs and outcomes

LEA 21. Percentage of (proxy) votes cast

21.1. For listed equities where you and/or your service provider have the mandate to issue (proxy) voting instructions, indicate the percentage of votes cast during the reporting year.

Votes cast (to the nearest 1%)

99 %

Specify the basis on which this percentage is calculated

21.2. Explain your reason(s) for not voting certain holdings

21.3. Additional information. [Optional]

For votes where administrative impediments are cited as reason for not voting certain holdings, PSP Investments attempted to vote, but the vote was rejected as a result of administrative impediments. In addition, PSP Investments tracks closely all its power of attorney forms to avoid administrative impediments. Where required, we take the appropriate steps with our custodian to correct the situation.


LEA 22. Proportion of ballot items that were for/against/abstentions

22.1. Indicate if you track the voting instructions that you and/or your service provider on your behalf have issued.

22.2. Of the voting instructions that you and/or third parties on your behalf issued, indicate the proportion of ballot items that were:

Voting instructions
Breakdown as percentage of votes cast
For (supporting) management recommendations
90 %
Against (opposing) management recommendations
9 %
Abstentions
1 %
100%

22.3. Describe the actions you take in relation to voting against management recommendations.

          In certain instances, where PSP Investments votes against management, this may trigger an opportunity to actively engage and dialogue with the issuer.
        

22.4. Additional information. [Optional]


LEA 23. Shareholder resolutions (Private)


LEA 24. Examples of (proxy) voting activities (Private)


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