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 No. 811-22039
First Trust Specialty Finance and
Financial Opportunities Fund
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Exact Name of Registrant as Specified in Declaration of Trust
120 East Liberty Drive, Suite 400, Wheaton, Illinois 60187
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Address of Principal Executive Offices (Number, Street, City, State, Zip Code)
W. Scott Jardine
First Trust Portfolios L.P.
120 East Liberty Drive, Suite 400
Wheaton, Illinois 60187
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Name and Address (Number, Street, City, State, Zip Code) of Agent for Service
(630) 765-8000
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Registrant's Telephone Number, including Area Code
Date of fiscal year end: November 30
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Date of reporting period: July 1, 2009 - June 30, 2010
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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 thereunder (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, 100 F Street, N.E., Washington
D.C. 20549. The OMB has reviewed this collection of information under the
clearance requirements of 44 U.S.C. Section 3507.
Item 1. Proxy Voting Record
COMPANY NAME MEETING DATE CUSIP TICKER
GSC Investment Corp. 8-Jul-09 362493-108 GNV
VOTE FOR / AGAINST PROPOSALS AT ANNUAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR
MANAGEMENT SECURITY HOLDER
Echo Voted -- For For 1) Elect Richard Hayden (Chairman) as director Issuer
for a term ending 2012
Echo Voted -- For For 2) Ratify the selection of Ernst & Young LLP Issuer
as the independent registered public
accounting firm.
COMPANY NAME MEETING DATE CUSIP TICKER
Apollo Investment Corporation5-Aug-09 03761U-106 AINV
VOTE FOR / AGAINST PROPOSALS AT ANNUAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR
MANAGEMENT SECURITY HOLDER
Echo Voted -- For For 1.1) Elect Ashok Bakhru as director for a term Issuer
ending 2012
Echo Voted -- For For 1.2) Elect John Hannan (Chairman) as director
for a term ending 2012
Echo Voted -- For For 1.3) Elect James Zelter (CEO) as director for
a term ending 2012
Echo Voted -- For For 2) Ratify the selection of Issuer
PricewaterhouseCoopers LLP as the independent
registered public accounting firm for the
fiscal year 2009.
Echo Voted -- For For 3) Authorize flexibility for the company to Issuer
allow the board of directors to approve
selling shares of its common stock (during the
next 12 months) at prices below the company's
then-current NAV per share.
Echo Voted -- For For 4) Authorize the company to sell or otherwise Issuer
issue warrants or securities to subscribe for
or convertible into shares of the company's
common stock
COMPANY NAME MEETING DATE CUSIP TICKER
Gladstone Investment 13-Aug-09 376546-107 GAIN
Corporation
VOTE FOR / AGAINST PROPOSALS AT ANNUAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR
MANAGEMENT SECURITY HOLDER
Echo Voted -- For For 1.1) Elect Maurice Coulon as director for a Issuer
term ending 2012
Echo Voted -- For For 1.2) Elect Terry Lee Brubaker (Vice Chairman, Issuer
COO & Secretary) as director for a term ending
2012
Echo Voted -- For For 1.3) Elect David Dullum (President) as Issuer
director for a term ending 2012
Echo Voted -- For For 2) Authorize the company to sell shares of its Issuer
common stock common stock, through the one
year anniversary of the 2009 Annual Meeting,
at a price below the then-current net asset
value (NAV) per share
Echo Voted -- For For 3) Ratify the selection of Issuer
PricewaterhouseCoopers LLP as the independent
registered public accounting firm for the
fiscal year 2009.
COMPANY NAME MEETING DATE CUSIP TICKER
PennantPark Investment 25-Aug-09 708062-104 PNNT
Corporation
VOTE FOR / AGAINST PROPOSALS AT ANNUAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR
MANAGEMENT SECURITY HOLDER
Echo Voted -- For For 1) Authorize flexibility for the company to Issuer
allow the board of directors to approve
selling shares of its common stock (during the
next 12 months) at prices below the company's
then-current NAV per share.
Echo Voted -- For For 2) Authorize the company to sell or otherwise Issuer
issue warrants or securities to subscribe for
or convertible into shares of the company's
common stock
Echo Voted -- Against For 3) To transact such other business as may Issuer
properly come before the meeting.
COMPANY NAME MEETING DATE CUSIP TICKER
Patriot Capital Funding, Inc.18-Nov-09 70335Y-104 PCAP
VOTE FOR / AGAINST PROPOSALS AT SPECIAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR
MANAGEMENT SECURITY HOLDER
Echo Voted -- For For 1) Adopt the Agreement and Plan of Merger, Issuer
dated August 3, 2009, by & between Patriot &
Prospect Capital Corporation, as such merger
agreement may be amended from time to time.
Echo Voted -- For For 2) Approve the adjournment of the special Issuer
meeting, if necessary or appropriate, to
solicit additional proxies in the event there
are not sufficient votes at the time of the
special meeting to adopt the forgoing proposal.
COMPANY NAME MEETING DATE CUSIP TICKER
Financial Federal 8-Dec-09 317492-106 FIF
VOTE FOR / AGAINST PROPOSALS AT ANNUAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR
MANAGEMENT [POSTPONED IN LIGHT OF AGREEMENT TO PROPOSED SECURITY HOLDER
ACQUISITION FROM PEOPLE'S UNITED FINANCIAL]
Echo Voted -- For For 1.1) Elect Lawrence Fisher as director Issuer
Echo Voted -- For For 1.2) Elect Michael Palitz (ex-CFO) as director Issuer
Echo Voted -- For For 1.3) Elect Paul Sinsheimer (Chairman & CEO) Issuer
as director
Echo Voted -- For For 1.4) Elect Leopold Swergold as director Issuer
Echo Voted -- For For 1.5) Elect H.E. Timanus, Jr. as director Issuer
Echo Voted -- For For 1.6) Elect Michael Zimmerman as director Issuer
Echo Voted -- For For 2) Ratify the selection of KPMG LLP as the Issuer
independent registered public accounting firm
COMPANY NAME MEETING DATE CUSIP TICKER
Prospect Capital Corporation 11-Dec-09 74348T-102 PSEC
VOTE FOR / AGAINST PROPOSALS AT ANNUAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR
MANAGEMENT SECURITY HOLDER
Echo Voted -- For For 1.1) Elect Andrew Cooper as director for term Issuer
ending 2012
Echo Voted -- For For 1.2) Elect M. Grier Eliasek (President & COO) Issuer
as director for term ending 2012
Echo Voted -- For For 2) Authorize the Company, with approval of its Issuer
Board of Directors, to sell shares of its
common stock at a price or prices below the
Company's then-current net asset value (NAV)
per share in one or more offerings.
Page 1
COMPANY NAME MEETING DATE CUSIP TICKER
Berkshire Hathaway 20-Jan-10 084670-108 BRKA
VOTE MANAGEMENT FOR / PROPOSALS AT SPECIAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR
AGAINST (ALL ECHO VOTED) SECURITY HOLDER
For For 1) Approve 50-for-1 stock split of Class B Issuer
common stock while maintaining current
economic & voting relationship the
corporation's Class B common stock & Class A
common stock.
For For 2) Approve an amendment to clarify that Class Issuer
B common stock may be split in the proposed 50-
for-1 split without splitting the Class A
common stock.
For For 3) Approve an amendment to change the par Issuer
value of each share of Class B common stock in
connection with the proposed 50-for-1 split,
to $0.0033 from the current par value of
$0.1667 per share of Class B common stock.
For For 4) Approve an amendment to increase the number Issuer
of shares of Class B common stock & the total
number of shares of all classes of stock that
the corporation is authorized to issue.
For For 5) Approve an amendment to remove the Issuer
requirement to issue physical stock
certificates for shares.
COMPANY NAME MEETING DATE CUSIP TICKER
PennantPark Investment 2-Feb-10 708062-104 PNNT
Corporation
VOTE MANAGEMENT FOR / PROPOSALS AT ANNUAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR
AGAINST SECURITY HOLDER
Echo Voted -- For For 1) Elect Arthur Penn (Chairman & CEO) for a Issuer
term as director until 2013
Echo Voted -- For For 2) Ratify the selection of KPMG LLP as the Issuer
independent registered public accounting firm.
Echo Voted -- For For 3) Authorize flexibility for the company to Issuer
allow the board of directors to approve
selling shares of its common stock (during the
next 12 months) at prices below the company's
then-current NAV per share.
COMPANY NAME MEETING DATE CUSIP TICKER
BlackRock Kelso 8-Feb-10 092533-108 BKCC
VOTE MANAGEMENT FOR / PROPOSALS AT SPECIAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR
AGAINST SECURITY HOLDER
Echo Voted -- For For 1) Authorize flexibility for the company to Issuer
allow the board of directors to approve
selling shares of its common stock in one or
more offerings at prices below the company's
then-current NAV per share.
COMPANY NAME MEETING DATE CUSIP TICKER
Financial Federal 16-Feb-10 460277-106 FIF
VOTE MANAGEMENT FOR / PROPOSALS AT SPECIAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR
AGAINST SECURITY HOLDER
Echo Voted -- For For 1) Approve the agreement & plan of merger, Issuer
dated as of November 22, 2009 by & between
People's United Financial, Inc. & Financial
Federal Corporation
Echo Voted -- For For 2) Adjourn the special meeting to a later date Issuer
or dates, if necessary, to permit further
solicitation of proxies in the event there are
not sufficient votes at the time of the
special meeting, or at any adjournment of that
meeting, to approve the merger agreement.
COMPANY NAME MEETING DATE CUSIP TICKER
Gladstone Capital 18-Feb-10 376535-100 GLAD
VOTE MANAGEMENT FOR / PROPOSALS AT ANNUAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR
AGAINST SECURITY HOLDER
Echo Voted -- For For 1.1) Elect Paul Aldelgren for a term as Issuer
director until 2013
Echo Voted -- For For 1.2) Elect John Outland for a term as director Issuer
until 2013
Echo Voted -- For For 1.3) Elect David Gladstone (founder, Chairman Issuer
& CEO) for a term as director until 2013
Echo Voted -- For For 2) Authorize the company to issue & sell Issuer
shares of its common stock at a price below
the company's then-current NAV per share.
Echo Voted -- For For 3) Ratify the selection of Issuer
PricewaterhouseCoopers LLP as the independent
registered public accounting firm.
COMPANY NAME MEETING DATE CUSIP TICKER
Allied Capital 26-Mar-10 01903Q-108 ALD
VOTE MANAGEMENT FOR / PROPOSALS AT SPECIAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR
AGAINST SECURITY HOLDER
Echo Voted -- For For 1) Approve the merger of ARCC Odyssey Corp., a Issuer
wholly-owned subsidiary of Ares Capital, with
& into Allied Capital & to approve the
agreement & plan of merger, as such agreement
may be amended from time to time, dated as of
October 26, 2009, among Allied Capital, Ares
Capital & ARCC Odyssey.
Echo Voted -- For For 2) Approve the adjournment of the special Issuer
meeting, if necessary or appropriate, to
solicit additional proxies in the event there
are not sufficient votes at the time of the
special meeting to approve the forgoing
proposal.
Page 2
COMPANY NAME MEETING DATE CUSIP TICKER
Ares Capital 26-Mar-10 04010L-103 ARCC
VOTE MANAGEMENT FOR / PROPOSALS AT SPECIAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR
AGAINST SECURITY HOLDER
Echo Voted -- For For 1) Approve the issuance of Ares common stock Issuer
pursuant to the agreement & plan of merger (as
amended from time to time), dated October 26,
2009, among Ares Capital & ARCC Odyssey (a
wholly-owned subsidiary of Ares Capital)
Echo Voted -- For For 2) Approve the adjournment of the special Issuer
meeting, if necessary or appropriate, to
solicit additional proxies in the event there
are not sufficient votes at the time of the
special meeting to approve the forgoing
proposal.
COMPANY NAME MEETING DATE CUSIP TICKER
Northwest Bancshares, Inc. 21-Apr-10 667340-103 NWBI
VOTE MANAGEMENT FOR / PROPOSALS AT ANNUAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR
AGAINST SECURITY HOLDER
Echo Voted -- For For 1.1) Elect Robert Ferrier as director for term Issuer
ending 2013
Echo Voted -- For For 1.2) Elect Richard McDowell as director for Issuer
term ending 2013
Echo Voted -- For For 1.3) Elect Joseph Long as director for term Issuer
ending 2013
Echo Voted -- For For 1.4) Elect John Meegan as director for term Issuer
ending 2013
Echo Voted -- For For 2) Ratify the selection of KPMG LLP as the Issuer
independent registered public accounting firm.
COMPANY NAME MEETING DATE CUSIP TICKER
MVC Capital, Inc. 27-Apr-10 553829-102 MVC
VOTE MANAGEMENT FOR / PROPOSALS AT ANNUAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR
AGAINST SECURITY HOLDER
Echo Voted -- For For 1.1) Elect Emilio Dominianni as director Issuer
Echo Voted -- For For 1.2) Elect Gerald Hellerman as director Issuer
Echo Voted -- For For 1.3) Elect Robert Knapp as director Issuer
Echo Voted -- For For 1.4) Elect Warren Holtsberg (insider) as Issuer
director
Echo Voted -- For For 1.5) Elect William Taylor as director Issuer
Echo Voted -- For For 1.6) Elect Michael Tokarz (insider) as director Issuer
Echo Voted -- For For 2) Ratify the selection of Ernst & Young LLP Issuer
as the independent registered public
accounting firm.
COMPANY NAME MEETING DATE CUSIP TICKER
Hatteras Financial 5-May-10 41902R-103 HTS
VOTE MANAGEMENT FOR / PROPOSALS AT ANNUAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR
AGAINST SECURITY HOLDER
Echo Voted -- For For 1.1) Elect Michael Hough (Chairman & CEO) as Issuer
director
Echo Voted -- For For 1.2) Elect Benjamin Hough (President & COO) as Issuer
director
Echo Voted -- For For 1.3) Elect David Berson as director Issuer
Echo Voted -- For For 1.4) Elect Ira Kawaller as director Issuer
Echo Voted -- For For 1.5) Elect Jeffrey Miller as director Issuer
Echo Voted -- For For 1.6) Elect Thomas Wren as director Issuer
Echo Voted -- For For 2) Ratify the selection of Ernst & Young LLP Issuer
as the independent registered public
accounting firm.
Echo Voted -- For For 3) Approve 2010 Equity Incentive Plan Issuer
COMPANY NAME MEETING DATE CUSIP TICKER
Hatteras Financial 5-May-10 41902R-202 HTFLL
VOTE MANAGEMENT FOR / PROPOSALS AT ANNUAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR
AGAINST SECURITY HOLDER
Echo Voted -- For For 1.1) Elect Michael Hough (Chairman & CEO) as Issuer
director
Echo Voted -- For For 1.2) Elect Benjamin Hough (President & COO) as Issuer
director
Echo Voted -- For For 1.3) Elect David Berson as director Issuer
Echo Voted -- For For 1.4) Elect Ira Kawaller as director Issuer
Echo Voted -- For For 1.5) Elect Jeffrey Miller as director Issuer
Echo Voted -- For For 1.6) Elect Thomas Wren as director Issuer
Echo Voted -- For For 2) Ratify the selection of Ernst & Young LLP Issuer
as the independent registered public
accounting firm.
Echo Voted -- For For 3) Approve 2010 Equity Incentive Plan Issuer
COMPANY NAME MEETING DATE CUSIP TICKER
People's United Financial 6-May-10 712704-105 PBCT
VOTE MANAGEMENT FOR / PROPOSALS AT ANNUAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR
AGAINST SECURITY HOLDER
For For 1.1) Elect John Dwight as director for a term Issuer
ending 2013
For For 1.2) Elect Janet Hansen as director for a term Issuer
ending 2013
For For 1.3) Elect Mark Richards as director for a Issuer
term ending 2013
For For 2) Ratify the selection of KPMG LLP as the Issuer
independent registered public accounting firm.
For Against 3) Amend the company's articles of Shareholder
incorporation &/or bylaws to provide that
director nominees shall be elected by the
affirmative vote of the majority of votes cast
at an annual meeting of shareholders, with a
plurality vote standand retained for contested
director elections, that is, when the number
of director nominees exceeds the number of
board seats.
Page 3
COMPANY NAME MEETING DATE CUSIP TICKER
Cypress Shapridge Investments7-May-10 23281A-307 CYS
VOTE MANAGEMENT FOR / PROPOSALS AT ANNUAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR
AGAINST SECURITY HOLDER
Echo Voted -- For For 1.1) Elect Kevin Grant (Chairman & CEO) as Issuer
director
Echo Voted -- For For 1.2) Elect Douglas Crocker II as director Issuer
Echo Voted -- For For 1.3) Elect Jeffrey Hughes (Vice-Chairman of Issuer
Cypress) as director
Echo Voted -- For For 1.4) Elect Stephen Jonas as director Issuer
Echo Voted -- For For 1.5) Elect Raymond Redlingshafer Jr. as director Issuer
Echo Voted -- For For 1.6) Elect David Tyson as director Issuer
Echo Voted -- For For 1.7) Elect John Nathman as director Issuer
Echo Voted -- For For 2) Ratify the selection of Deloitte & Touche Issuer
LLP as independent registered public
accounting firm
COMPANY NAME MEETING DATE CUSIP TICKER
NGP Capital Resources 12-May-10 62912R-107 NGPC
VOTE MANAGEMENT FOR / PROPOSALS AT ANNUAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR
AGAINST SECURITY HOLDER
Echo Voted -- For For 1.1) Elect Kenneth Hersh (Chairman) as Issuer
director for a term ending 2013
Echo Voted -- For For 1.2) Elect James Latimer III as director for a Issuer
term ending 2013
Echo Voted -- For For 2) Ratify the selection of PwC Issuer
(PricewaterhouseCoopers LLP) as the
independent registered public accounting firm.
Echo Voted -- For For 3) Adjourn the annual meeting, if necessary, Issuer
to solicit additional proxies if #1 & #2 are
not approved
COMPANY NAME MEETING DATE CUSIP TICKER
W.R. Berkley 18-May-10 084423-102 WRB
VOTE MANAGEMENT FOR / PROPOSALS AT ANNUAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR
AGAINST SECURITY HOLDER
Echo Voted -- For For 1.1) Elect W. Robert Berkley, Jr. (President & Issuer
COO) as director for a term ending 2013
Echo Voted -- For For 1.2) Elect Ronald Blaylock as director for a Issuer
term ending 2013
Echo Voted -- For For 1.3) Elect Mark Brockbank as director for a Issuer
term ending 2013
Echo Voted -- For For 1.4) Elect Mary Farrell as director for a term Issuer
ending 2013
Echo Voted -- For For 2) Ratify the selection of KPMG LLP as the Issuer
independent registered public accounting firm.
COMPANY NAME MEETING DATE CUSIP TICKER
MFA Financial 20-May-10 55272X-102 MFA
VOTE MANAGEMENT FOR / PROPOSALS AT ANNUAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR
AGAINST SECURITY HOLDER
Echo Voted -- For For 1.1) Elect Stewart Zimmerman (Chairman & CEO) Issuer
as director for a term ending 2013
Echo Voted -- For For 1.2) Elect Joseph Brodsky as director for a Issuer
term ending 2013
Echo Voted -- For For 1.3) Elect Alan Gosule as director for a term Issuer
ending 2013
Echo Voted -- For For 2) Amend & restate the company's Amended & Issuer
Restated 2004 Equity Compensation Plan by
replacing it with the 2010 Equity Compensation
Plan to, among other things, increase the
number of shares available for grant under the
plan
Echo Voted -- For For 3) Ratify the selection of Ernst & Young LLP Issuer
as the independent registered public
accounting firm.
COMPANY NAME MEETING DATE CUSIP TICKER
NorthStar Realty Finance 21-May-10 66704R-100 NRF
Corp.
VOTE MANAGEMENT FOR / PROPOSALS AT ANNUAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR
AGAINST SECURITY HOLDER
Echo Voted -- For For 1.1) Elect C. Preston Butcher as director Issuer
Echo Voted -- For For 1.2) Elect Stephen Cummings as director Issuer
Echo Voted -- For For 1.3) Elect David Hamamoto (Chairman & CEO) as Issuer
director
Echo Voted -- For For 1.4) Elect Judith Hannaway as director Issuer
Echo Voted -- For For 1.5) Elect Wesley Minami as director Issuer
Echo Voted -- For For 1.6) Elect Louis Paglia as director Issuer
Echo Voted -- For For 2) Ratify the selection of Grant Thornton LLP Issuer
as independent registered public accounting firm
COMPANY NAME MEETING DATE CUSIP TICKER
Compass Diversified Holdings 26-May-10 20451Q-104 CODI
VOTE MANAGEMENT FOR / PROPOSALS AT ANNUAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR
AGAINST SECURITY HOLDER
Echo Voted -- For For 1.1) Elect Harold Edwards as director for a Issuer
term ending 2013
Echo Voted -- For For 1.2) Elect Mark Lazarus as director for a term Issuer
ending 2013
Echo Voted -- For For 2) Ratify the selection of Grant Thornton LLP Issuer
as independent registered public accounting firm
COMPANY NAME MEETING DATE CUSIP TICKER
MCG Capital Corporation 26-May-10 58047P-107 MCGC
VOTE MANAGEMENT FOR / PROPOSALS AT ANNUAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR
AGAINST SECURITY HOLDER
unvoted For 1.1) Elect Steven Tunney (CEO) as director for Issuer
a term ending 2013
unvoted For 1.2) Elect Kim Kelly as director for a term Issuer
ending 2013
unvoted For 2) Ratify the selection of Ernst & Young LLP Issuer
as the independent registered public
accounting firm.
unvoted For 3) Authorize the company to sell up to 15% of Issuer
its outstanding common stock at a price below
its then current net asset value per share
unvoted For 4) Authorize the company to issue securities Issuer
to subscribe to, convert to, or purchase
shares in one of rmore offerings up to an
aggregate of 10m shares
unvoted For 5) Amend the company's Second Amended & Issuer
Restated 2006 Employee Restricted Stock Plan
to increase the maximum aggregate number of
shares available for issuance thereunder from
3.5m to 6.05m shares
unvoted For 6) Amend the company's Second Amended & Issuer
Restated 2006 Non-Employee Director Restricted
Stock Plan to increase the maximum aggregate
number of shares available for issuance
thereunder from 100,000 to 150,000 shares
Page 4
COMPANY NAME MEETING DATE CUSIP TICKER
Annaly Capital Management, 27-May-10 035710-409 NLY
Inc.
VOTE MANAGEMENT FOR / PROPOSALS AT ANNUAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR
AGAINST SECURITY HOLDER
Echo Voted -- For For 1.1) Elect Kevin Brady as director for a term Issuer
ending 2013
Echo Voted -- For For 1.2) Elect E. Wayne Nordberg as director for a Issuer
term ending 2013
Echo Voted -- For For 2) Approve the 2010 Equity Incentive Plan Issuer
Echo Voted -- For For 3) Ratify the selection of Deloitte & Touche Issuer
LLP as independent registered public
accounting firm
COMPANY NAME MEETING DATE CUSIP TICKER
Fidelity National Financial 27-May-10 31620R-105 FNF
VOTE MANAGEMENT FOR / PROPOSALS AT ANNUAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR
AGAINST SECURITY HOLDER
Echo Voted -- For For 1.1) Elect Daniel "Ron" Lane as director for a Issuer
term ending 2013
Echo Voted -- For For 1.2) Elect William Lyon as director for a term Issuer
ending 2013
Echo Voted -- For For 1.3) Elect Richard Massey as director for a Issuer
term ending 2013
Echo Voted -- For For 1.4) Elect Cary Thompson as director for a Issuer
term ending 2013
Echo Voted -- For For 2) Ratify the selection of KPMG LLP as the Issuer
independent registered public accounting firm.
COMPANY NAME MEETING DATE CUSIP TICKER
Solar Capital Ltd. 3-Jun-10 83413U-100 SLRC
VOTE MANAGEMENT FOR / PROPOSALS AT ANNUAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR
AGAINST SECURITY HOLDER
Echo Voted -- For For 1.1) Elect David Wachter as director for a Issuer
term ending 2013
Echo Voted -- For For 2) Ratify the selection of KPMG LLP as the Issuer
independent registered public accounting firm.
COMPANY NAME MEETING DATE CUSIP TICKER
Ares Capital Corporation 7-Jun-10 04010L-103 ARCC
VOTE MANAGEMENT FOR / PROPOSALS AT ANNUAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR
AGAINST SECURITY HOLDER
Echo Voted -- For For 1.1) Elect Frank O'Bryan as director for a Issuer
term ending 2013
Echo Voted -- For For 1.2) Elect Antony Ressler (Officer) as Issuer
director for a term ending 2013
Echo Voted -- For For 1.3) Elect Eric Siegel as director for a term Issuer
ending 2013
Echo Voted -- For For 2) Ratify the selection of KPMG LLP as the Issuer
independent registered public accounting firm.
Echo Voted -- For For 3) Authorize the company to sell or otherwise Issuer
issue shares of common stock at a price below
its then current net asset value per share
subject to certain limintations (including
that the number of shares issued do not exceed
25% of its then outstanding common stock
COMPANY NAME MEETING DATE CUSIP TICKER
BlackRock Kelso Capital 7-Jun-10 092533-108 BKCC
Corporation
VOTE MANAGEMENT FOR / PROPOSALS AT ANNUAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR
AGAINST SECURITY HOLDER
Echo Voted -- For For 1.1) Elect James Maher (Chairman & CEO) as Issuer
director for a term ending 2013
Echo Voted -- For For 1.2) Elect Maureen Usifer as director for a Issuer
term ending 2013
Echo Voted -- For For 2) Amend the company's certificate of Issuer
incorporation to increase the number of
common shares authorized from 100m to 200m
Echo Voted -- For For 3) Ratify the selection of Deloitte & Touche Issuer
LLP as independent registered public
accounting firm
COMPANY NAME MEETING DATE CUSIP TICKER
Hercules Technology Growth 9-Jun-10 427096-508 HTGC
Capital, Inc.
VOTE MANAGEMENT FOR / PROPOSALS AT ANNUAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR
AGAINST SECURITY HOLDER
Echo Voted -- For For 1) Elect Manuel A. Henriquez (Chairman & CEO) Issuer
as director for a term ending 2013
Echo Voted -- For For 2) Ratify the selection of Ernst & Young LLP Issuer
as the independent registered public
accounting firm.
Echo Voted -- For For 3) Authorize the Company to sell or otherwise Issuer
issue up to 20% of the Company's outstanding
common stock at a price below the Company's
then current net asset value per share
Echo Voted -- For For 4) Authorize the Company to offer and issue Issuer
debt with warrants or debt convertible into
shares of its common stock at an exercise or
conversion price that, at the time such
warrants or convertible debt are issued, will
not be less than the fair market value per
share but may be below the Company's then
current NAV
COMPANY NAME MEETING DATE CUSIP TICKER
Main Street Capital 10-Jun-10 56035L-104 MAIN
Corporation
VOTE MANAGEMENT FOR / PROPOSALS AT ANNUAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR
AGAINST SECURITY HOLDER
unvoted -- Echo Vote For 1) Elect as directors the nominees 1) Michael Issuer
requested, but not Appling Jr., 2) Joseph Canon, 3) Arthur
implemented French, 4) William Gutermuth, 5) Vincent
Foster, & 6) Todd Reppert
unvoted -- Echo Vote For 2) Authorize the company to sell shares of its Issuer
requested, but not common stock during the next 12 months at a
implemented price below the then-current net asset value
(NAV) per share
unvoted -- Echo Vote For 3) Ratify the selection of Grant Thornton LLP Issuer
requested, but not as independent registered public accounting firm
implemented
Page 5
COMPANY NAME MEETING DATE CUSIP TICKER
Medallion Financial Corp. 11-Jun-10 583928-106 TAXI
VOTE MANAGEMENT FOR / PROPOSALS AT ANNUAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR
AGAINST SECURITY HOLDER
Echo Voted -- For For 1.1) Elect Mario Cuomo as director for a term Issuer
ending 2013
Echo Voted -- For For 1.2) Elect Andrew Murstein (President) as Issuer
director for a term ending 2013
Echo Voted -- For For 1.3) Elect Lowell Weicker Jr. as director for Issuer
a term ending 2013
Echo Voted -- For For 2) Ratify the selection of Weiser LLP as the Issuer
independent registered public accounting firm.
Echo Voted -- For For 3) Approve the overall executive pay-for- Issuer
performance compensation policies & procedures
employed by the company
Echo Voted -- For For 4) Approve the 2009 Employee Restricted Stock Issuer
Plan
COMPANY NAME MEETING DATE CUSIP TICKER
TICC Capital Corp. 16-Jun-10 87244T-109 TICC
VOTE MANAGEMENT FOR / PROPOSALS AT ANNUAL MEETING OF SHAREHOLDERS PROPOSED BY ISSUER OR
AGAINST SECURITY HOLDER
Echo Voted -- For For 1) Elect Tonia Pankopf as director Issuer
Echo Voted -- For For 2) Ratify the selection of PwC Issuer
(PricewaterhouseCoopers LLP) as the
independent registered public accounting firm.
Echo Voted -- For For 3) Authorize the company to issue securities Issuer
to subscribe to, convert to, or purchase
shares of its common stock in one or more
offerings.
Echo Voted -- Against Against 4) Terminate the investment advisory agreement Issuer
by & between TICC Capital Corp. & its
investment adviser, TICC Management, LLC,
effective as soon as is legally permissible
thereunder.
Echo Voted -- Against For 5) Vote upon such other business as may Issuer
properly come before the meeting or any
postponement or adjournment thereof.
Page 6
SIGNATURES
[See General Instruction F]
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) FIRST TRUST SPECIALTY FINANCE
AND FINANCIAL OPPORTUNITIES FUND
---------------------------------------
By (Signature and Title)* /s/ James A. Bowen
-----------------------------------
James A. Bowen, President
Date August 31, 2010
-------------------------
* Print the name and title of each signing officer under his or her signature.