We always adhere to our voting policy. In 2019, there were a total of 2,726 proxy votes at companies where the Fund was a shareholder. We were able to vote with management with the exception of:
• 412 votes withheld or abstained due to less than two female board members.
• 114 votes against management due to shareholder proposals concerning a number of environmental, social, and governance issues such as board diversity policies, proxy access rights, disclosures related to lobbying payments and political contributions, and requiring an independent board chairman.