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 811-21286 Name of Fund: BlackRock Preferred Income Strategies Fund, Inc. Fund Address: P.O. Box 9011 Princeton, NJ 08543-9011 Name and address of agent for service: Robert C. Doll, Jr., Chief Executive Officer, BlackRock Preferred Income Strategies Fund, Inc., 800 Scudders Mill Road, Plainsboro, NJ, 08536. Mailing address: P.O. Box 9011, Princeton, NJ, 08543-9011 Registrant's telephone number, including area code: (609) 282-2800 Date of fiscal year end: 10/31 Date of reporting period: 07/01/06 - 06/30/07 Item 1 - Proxy Voting Record The information contained herein discloses the following information for each matter relating to a portfolio security considered at any shareholder meeting held during the period covered by the report and with respect to which the registrant was entitled to vote: (a) The name of the issuer of the portfolio security; (b) The exchange ticker symbol of the portfolio security; (c) The Council on Uniform Securities Identification Procedures ("CUSIP") number for the portfolio security; (d) The shareholder meeting date; (e) A brief identification of the matter voted on; (f) Whether the matter was proposed by the issuer or by a security holder; (g) Whether the registrant cast its vote on the matter; (h) How the registrant cast its vote; and (i) Whether the registrant cast its vote for or against management. ******************************* FORM N-Px REPORT ******************************* ICA File Number: 811-21286 Reporting Period: 07/01/2006 - 06/30/2007 Preferred Income Strategies Fund, Inc. =============== BLACKROCK PREFERRED INCOME STRATEGIES FUND, INC. =============== ==================== PREFERRED INCOME STRATEGIES FUND, INC. ==================== CARRAMERICA REALTY CORP. Ticker: CRE Security ID: 144418704 Meeting Date: JUL 11, 2006 Meeting Type: Special Record Date: MAY 22, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Merger Agreement For For Management 2 Adjourn Meeting For For Management -------------------------------------------------------------------------------- HEALTH CARE REIT, INC. Ticker: HCN Security ID: 42217K403 Meeting Date: MAY 11, 2007 Meeting Type: Annual Record Date: MAR 14, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1 Increase Authorized Preferred Stock For Against Management -------------------------------------------------------------------------------- PACIFIC GAS & ELECTRIC COMPANY Ticker: PCG.PA Security ID: 694308206 Meeting Date: APR 18, 2007 Meeting Type: Annual Record Date: FEB 20, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director David R. Andrews For For Management 1.2 Elect Director Leslie S. Biller For For Management 1.3 Elect Director David A. Coulter For For Management 1.4 Elect Director C. Lee Cox For For Management 1.5 Elect Director Peter A. Darbee For For Management 1.6 Elect Director Maryellen C. Herringer For For Management 1.7 Elect Director Thomas B. King For For Management 1.8 Elect Director Richard A. Meserve For For Management 1.9 Elect Director Mary S. Metz For For Management 1.10 Elect Director Barbara L. Rambo For For Management 1.11 Elect Director Barry Lawson Williams For For Management 2 Ratify Auditors For For Management -------------------------------------------------------------------------------- PUBLIC STORAGE, INC. Ticker: PSA Security ID: 74460D257 Meeting Date: MAY 3, 2007 Meeting Type: Annual Record Date: MAR 23, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1 APPROVAL OF THE PROPOSAL TO REORGANIZE For For Management FROM A CALIFORNIA CORPORATION TO A MARYLAND REAL ESTATE INVESTMENT TRUST. 2 APPROVAL OF ADJOURNMENTS OR POSTPONEMENTS For For Management OF THE ANNUAL MEETING IF NECESSARY. -------------------------------------------------------------------------------- PUBLIC STORAGE, INC. Ticker: PSA Security ID: 74460D299 Meeting Date: MAY 3, 2007 Meeting Type: Annual Record Date: MAR 23, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1 APPROVAL OF THE PROPOSAL TO REORGANIZE For For Management FROM A CALIFORNIA CORPORATION TO A MARYLAND REAL ESTATE INVESTMENT TRUST. 2 APPROVAL OF ADJOURNMENTS OR POSTPONEMENTS For For Management OF THE ANNUAL MEETING IF NECESSARY. ========== END NPX REPORT 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. By: /s/ Robert C. Doll, Jr. ------------------------ Robert C. Doll, Jr. Chief Executive Officer BlackRock Preferred Income Strategies Fund, Inc. Date: August 15, 2007