UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number 811-05557
Prospect Street ® High Income Portfolio, Inc.
(Exact name of registrant as specified in charter)
NexBank Tower
13455 Noel Road, Suite 800
Dallas, TX 75240
(Address of principal executive offices) (Zip code)
James D. Dondero
Highland Capital Management, L.P.
NexBank Tower
13455 Noel Road, Suite 800
Dallas, TX 75240
(Name and address of agent for service)
Registrant’s telephone number, including area code: 877-665-1287
Date of fiscal year end: October 31
Date of reporting period: July 1, 2007 — June 30, 2008
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 (§§ 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, NE, Washington, DC 20549. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.
 
 

 


 

PROXY VOTING RECORD
FOR PERIOD JULY 1, 2007 TO JUNE 30, 2008
PROSPECT STREET HIGH INCOME PORTFOLIO
      ICO GLOBAL COMMUNICATIONS (HLDG.) LTD.
                     
Security:
  44930K108       Agenda Number:   932895824
Ticker:
  ICOG       Meeting Type:   Annual
ISIN:
  US44930K1088       Meeting Date:   06-Jun-08
                     
            Proposed       For/Against
Prop. #   Proposal   by   Proposal Vote   Management
01   Election of Directors            
 
 
  1   CRAIG O. MCCAW   Mgmt   For   For
 
 
  2   J. TIMOTHY BRYAN   Mgmt   For   For
 
 
  3   DONNA P. ALDERMAN   Mgmt   For   For
 
 
  4   SAMUEL L. GINN   Mgmt   For   For
 
 
  5   BARRY L. ROWAN   Mgmt   For   For
 
 
  6   R. GERARD SALEMME   Mgmt   For   For
 
 
  7   H. BRIAN THOMPSON   Mgmt   For   For
 
 
  8   DAVID WASSERMAN   Mgmt   For   For
 
 
  9   BENJAMIN G. WOLFF   Mgmt   For   For
 
02   Ratify Appointment of Independent Auditors   Mgmt   For   For

 


 

      KNOLOGY, INC.
                     
Security:
  499183804       Agenda Number:   932849699
Ticker:
  KNOL       Meeting Type:   Annual
ISIN:
  US4991838040       Meeting Date:   07-May-08
                     
            Proposed       For/Against
Prop. #   Proposal   by   Proposal Vote   Management
01   Election of Directors            
 
 
  1   RODGER L. JOHNSON   Mgmt   No vote    
 
 
  2   CAMPBELL B. LANIER, III   Mgmt   No vote    
 
 
  3   EUGENE I. DAVIS   Mgmt   No vote    
 
02   Approve Stock Compensation Plan   Mgmt   No vote    
 
03   Ratify Appointment of Independent Auditors   Mgmt   No vote    

 


 

      TIME WARNER CABLE INC
                     
Security:   88732J108       Agenda Number:   932863699
Ticker:
  TWC       Meeting Type:   Annual
ISIN:
  US88732J1088       Meeting Date:   29-May-08
                     
            Proposed       For/Against
Prop. #   Proposal   by   Proposal Vote   Management
01   Election of Directors            
 
    1 DAVID C. CHANG   Mgmt   No vote    
 
    2 JAMES E. COPELAND, JR.   Mgmt   No vote    
 
02   Ratify Appointment of Independent Auditors   Mgmt   No vote    

 


 

      VIATEL HOLDING (BERMUDA) LIMITED
                     
Security:
  G93447103       Agenda Number:   932788942
Ticker:
  VTLAF       Meeting Type:   Annual
ISIN:
          Meeting Date:   05-Dec-07
                     
            Proposed       For/Against
Prop. #   Proposal   by   Proposal Vote   Management
01   Receive Consolidated Financial Statements   Mgmt   No vote    
 
02   Ratify Appointment of Independent Auditors   Mgmt   No vote    
 
03   Approve Remuneration of Directors and Auditors   Mgmt   No vote    
 
04   Election of Directors (Majority Voting)   Mgmt   No vote    
 
05   Election of Directors (Majority Voting)   Mgmt   No vote    
 
06   Election of Directors (Majority Voting)   Mgmt   No vote    
 
07   Election of Directors (Majority Voting)   Mgmt   No vote    
 
08   Election of Directors (Majority Voting)   Mgmt   No vote    
 
09   Election of Directors (Majority Voting)   Mgmt   No vote    

 


 

      VIATEL HOLDING (BERMUDA) LIMITED
                     
Security:
  G93447103       Agenda Number:   932809859
Ticker:
  VTLAF       Meeting Type:   Special
ISIN:
          Meeting Date:   20-Feb-08
                     
            Proposed       For/Against
Prop. #   Proposal   by   Proposal Vote   Management
01   Miscellaneous Corporate Actions   Mgmt   No vote    
 
02   Approve Charter Amendment   Mgmt   No vote    
 
03   Approve Charter Amendment   Mgmt   No vote    

 


 

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
  Prospect Street ® High Income Portfolio, Inc.
       
By (Signature and Title)*
  /s/ James D. Dondero  
 
     
  James D. Dondero, President
 
  (Principal Executive Officer)
 
       
Date
  August 28, 2008  
 
     
 
*   Print the name and title of each signing officer under his or her signature.

 

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