DSA has established proxy voting guidelines in order to serve the interests of all of its shareholders. The firm’s Proxy Oversight Group oversees voting policies and deals with potential conflicts of interest that may arise during the voting process.
DSA’s portfolio analysts review proxy proposals on a case-by-case basis and vote in accordance with the firm’s Proxy Voting Guiding Principles. Recommendations on how to vote proxy proposals are sent from the analyst to a member of the Compliance Department, who acts as a liaison between DSA and the proxy administrators. Detailed instructions on how to vote proposals are sent electronically to the proxy administrator, who also electronically votes DSA shares within a specified timeframe established by the corporation that originated the voting instructions. …show more content…
Non-voting securities held by DSA during this time were excluded from the sample population. A sample of 5% of proxies were reviewed to determine if accounts that held such securities cast their votes at voting record date and if the number of shares voted approximated shares held. If voting records showed that no votes were cast then Compliance Department records were cross-referenced to ascertain whether or not these particular accounts managed by DSA had not granted DSA proxy voting