npxbtf2010.htm

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: 811-07390

BOULDER TOTAL RETURN FUND, INC.
 (Exact name of registrant as specified in charter)

 2344 Spruce Street, Suite A, Boulder, CO 80302
(Address of principal executive offices) (Zip code)

Stephen C. Miller
2344 Spruce Street, Suite A, Boulder, CO 80302
(Name and address of agent for service)

Registrant’s Telephone Number, including Area Code: (303) 444-5483

Date of fiscal year end: November 30

Date of reporting period: July 1, 2009 – June 30, 2010


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, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. ss. 3507.


 
 
 


Proxy Voting Record

For Period July 1, 2009 to June 30, 2010


 
Name of Issuer
Ticker Symbol
CUSIP
Shareholder Meeting Date
Record Date
Proposal Number
 Description of Matter to be Voted On
Matter Proposed by Issuer or Holder
Vote Cast (Yes or Abstain)
Vote (For or Against)
For or Against Management
                     
Cohen & Steers REIT & Utility Fund
RTU
19247Y108
10/22/2009
7/30/2009
1
Approve merger of REIT and Utility Income Fund, Inc. with Select Utility Fund, Inc.
Issuer
Yes
Against
Against
                     
Cohen & Steers Select Utility Fund
UTF
19248A109
10/22/2009
7/30/2009
1
Approve merger of REIT and Utility Income Fund, Inc. with Select Utility Fund, Inc.
Issuer
Yes
Against
Against
         
2
Approve amendment to UTF's charter to increase the number of authorized shares of UTF's capital stock
Issuer
Yes
Against
Against
         
3
Approve changing UTF's Investment Objective
Issuer
Yes
Against
Against
                     
Cohen & Steers Worldwide Realty Inc.
RWF
19248J100
10/22/2009
7/30/2009
1
Approve merger of Worldwide Realty Income Fund, Inc. with Quality Income Realty Fund, Inc.
Issuer
Yes
Against
Against
                     
Diageo PLC
DEO
25243Q205
10/14/2009
9/4/2009
1
Report & Accounts
Issuer
Yes
For
For
 
 
      
2
Director's remuneration report
Issuer
Yes
For
For
 
 
      
3
Declaration of final dividend
Issuer
Yes
For
For
 
 
      
4
Re-election of LM Danon
Issuer
Yes
For
For
 
 
      
5
Re-election of Lord Hollick
Issuer
Yes
For
For
 
 
      
6
Re-election of PS Walsh
Issuer
Yes
For
For
 
 
      
7
Election of PB Bruzelius
Issuer
Yes
For
For
 
 
      
8
Election of BD Holden
Issuer
Yes
For
For
 
 
      
9
Re-appointment of auditor
Issuer
Yes
For
For
 
 
      
10
Remuneration of auditor
Issuer
Yes
For
For
 
 
      
11
Authority to allot shares
Issuer
Yes
For
For
 
 
      
12
Disapplication of pre-emption rights
Issuer
Yes
For
For
 
 
      
13
Authority to purchase own ordinary shares
Issuer
Yes
For
For
 
 
      
14
Authority to make political donations
Issuer
Yes
For
For
 
 
      
15
Adopt discretionary incentive plan
Issuer
Yes
For
For
 
 
      
16
Adopt executive long term incentive plan
Issuer
Yes
For
For
 
 
      
17
Adopt International Sharematch Plan
Issuer
Yes
For
For
 
 
      
18
Authority to establish International share plans
Issuer
Yes
For
For
 
 
      
19
Adopt Irish Sharesave Plan
Issuer
Yes
For
For
 
 
      
20
Amend Executive Share Option Plan
Issuer
Yes
For
For
 
 
      
21
Amend 2008 Senior Executive Share Option Plan
Issuer
Yes
For
For
 
 
      
22
Amendments to the Senior Executive Share Option Plan
Issuer
Yes
For
For
 
 
      
23
Reduced notice of a general meeting other than an annual general meeting
Issuer
Yes
For
For
 
 
      
24
Adopt articles of association
Issuer
Yes
For
For
 
 
                  
Dreyfus Treas & Agncy Cash Mgmt-Inst SH
DTRXX
261908107
11/16/2009
9/4/2009
1A
Approve changes to fundamental policies & investment restrictions re borrowing
Issuer
Yes
For
For
 
 
      
1B
Approve changes to fundamental policies & investment restrictions re Lending
Issuer
Yes
For
For
 
 
      
2B
Approve changes to fundamental policies & investment restrictions, permit investment in other investment companies
Issuer
Yes
For
For
 
 
                  
First American Corporation
FAF
318522307
12/8/2009
10/12/2009
1
Election of eighteen (18) Directors
Issuer
Yes
For
For
 
 
      
2
Reincorporation
Issuer
Yes
For
For
 
 
      
3
PWC as accountants
Issuer
Yes
For
For
 
 
                  
Walgreen Co.
WAG
931422109
1/13/2010
11/16/2009
1
Election of nine (9) Directors
Issuer
Yes
For
For
 
 
      
2
D & T LLP as Accountants
Issuer
Yes
For
For
 
 
      
3
Executive stock plan
Issuer
Abstain
Abstain
Abstain
 
 
      
4
Majority vote
Holder
Yes
For
Against
 
 
      
5
Performance based stock option grants
Holder
Yes
For
Against
 
 
      
6
Written reports on charitable donations
Holder
Yes
Against
For
 
 
                  
Berkshire Hathaway Inc., Class A
BRK/A
084670108
1/20/2010
11/30/2009
1
Amend certificate of Incorporation
Issuer
Yes
For
For
 
 
      
2
Class B 50-for a Split
Issuer
Yes
For
For
 
 
      
3
Change Par value of each share of class B common stock
Issuer
Yes
For
For
 
 
      
4
Increase B common stock
Issuer
Yes
For
For
 
 
      
5
Remove requirement to issue physical stock certificates
Issuer
Yes
For
For
 
 
                  
Berkshire Hathaway Inc., Class B
BRK/B
084670207
1/20/2010
11/30/2009
1
Amend certificate of Incorporation
Issuer
Yes
For
For
 
 
      
2
Class B 50-for a Split
Issuer
Yes
For
For
 
 
      
3
Change Par value of each share of class B common stock
Issuer
Yes
For
For
 
 
      
4
Increase B common stock
Issuer
Yes
For
For
 
 
      
5
Remove requirement to issue physical stock certificates
Issuer
Yes
For
For
 
 
                  
Burlington Northern Santa Fe Corporation
BNI
12189T104
2/11/2010
12/18/2009
1
Adopt plan of merger
Issuer
Yes
For
For
 
 
      
2
Adopt motion to adjourn or postpone meeting to solicit additional proxies
Issuer
Abstain
Abstain
Abstain
 
 
                  
Franklin Resources, Inc
BEN
354613101
3/16/2010
1/19/2010
1
Election of twelve (12) directors
Issuer
Yes
For
For
 
 
        
PWC LLP as accountants
Issuer
Yes
For
For
 
 
        
Submit for stockholder approval for purposes of complying with requirements of section 162(M) of Internal Revenue code
Issuer
Yes
Against
Against
 
 
                  
F&C/Claymore PFD SEC Income
FFC
338478100
4/22/2010
1/22/2010
  
Election of two (2) directors
Issuer
Yes
For
For
 
 
                  
F&C/Claymore Total Return Fund - Common
FLC
338479108
4/22/2010
1/22/2010
  
Election of two (2) directors
Issuer
Yes
For
For
 
 
                  
Johnson & Johnson
JNJ
478160104
4/22/2010
2/23/2010
1
Election of ten (10) directors
Issuer
Yes
For
For
 
 
      
2
PWC LLP as accountants
Issuer
Yes
For
For
 
 
      
3
Executive Compensation
Holder
Yes
Against
For
 
 
      
4
Special shareholder meetings
Holder
Yes
For
Against
 
 
                  
Pfizer, Inc.
PFE
717081103
4/22/2010
2/23/2010
1
Election of fifteen (15) directors
Issuer
Yes
For
For
 
 
      
2
Ratify KPMG as accountants
Issuer
Yes
For
For
 
 
      
3
Executive Compensation
Issuer
Yes
For
For
 
 
      
4
Reduce percentage of share required for shareholders to call special meetings
Issuer
Yes
For
For
 
 
      
5
Stock options
Holder
Yes
Against
For
 
 
                  
Berkshire Hathaway Inc. A
BRK/A
084670108
5/1/2010
3/3/2010
1
Election of twelve (12) directors
Issuer
Yes
For
For
 
 
                  
Berkshire Hathaway Inc. B
BRK/B
084670702
5/1/2010
3/3/2010
1
Election of twelve (12) directors
Issuer
Yes
For
For
 
 
                  
Glaxosmithkline PLC
GSK
37733W105
5/6/2010
3/9/2010
1
Receive and Adopt Director's Report and Financial Statements
Issuer
Yes
For
For
 
 
      
2
Approve remuneration Report
Issuer
Yes
For
For
 
 
      
3
Elect Dr. S. Burns as Director
Issuer
Yes
For
For
 
 
      
4
Elect Mr. J. Heslop as Director
Issuer
Yes
For
For
 
 
      
5
Elect Sir D. Maughan as director
Issuer
Yes
For
For
 
 
      
6
Elect Dr. D. Podolsky as Director
Issuer
Yes
For
For
 
 
      
7
Elect Sir R. Wilson as Director
Issuer
Yes
For
For
 
 
      
8
Re-appoint Auditors
Issuer
Yes
For
For
 
 
      
9
Remuneration of Auditors
Issuer
Yes
For
For
 
 
      
10
Approve political Donations
Issuer
Yes
Against
Against
 
 
      
11
Authority to allot shares
Issuer
Yes
For
For
 
 
      
12
Disapplication of pre-emption rights
Issuer
Yes
Against
Against
 
 
      
13
Authority for company to purchase its own shares
Issuer
Yes
For
For
 
 
      
14
Exemption from statement of senior statutory Auditor's name
Issuer
Yes
For
For
 
 
      
15
Reduce notice of general meeting other than an AGM
Issuer
Yes
For
For
 
 
      
16
Adopt new Articles of Association
Issuer
Yes
For
For
 
 
                  
Health CareREIT, Inc.
HCN
42217K106
5/6/2010
3/11/2010
1
Election of three (3) directors
Issuer
Yes
For
For
 
 
      
2
Ernst & Young LLP
Issuer
Yes
For
For
 
 
                  
3M Company
MMM
88579Y101
5/11/2010
3/12/2010
1
Election of ten (10) directors
Issuer
Yes
For
For
 
 
      
2
PWC LLP as accountants
Issuer
Yes
For
For
 
 
      
3
Approve long-term incentive plan and approve the expanded performance criteria
Issuer
Yes
Against
Against
 
 
      
4
Proposal on special meetings
Holder
Yes
For
Against
 
 
                  
Cohen & Steers Infrastructure Fund
UTF
19248A109
5/13/10
3/19/2010
1
Election of three (3) directors
Issuer
Yes
For
For
 
 
                  
Nationwide Health Properties, Inc.
NHP
638620104
5/4/2010
3/17/2010
1
Election of three (3) directors
Issuer
Yes
For
For
 
 
      
2
Ernst & Young LLP as accountants
Issuer
Yes
For
For
 
 
      
3
Performance incentive plan
Issuer
Yes
Against
Against
 
 
                  
Redwood Trust, Inc
RWT
758075402
5/18/2010
3/31/2010
1
Election of three (3) directors
Issuer
Yes
For
For
 
 
      
2
Grant Thornton LLP as accountants
Issuer
Yes
For
For
 
 
      
3
Increase number of shares
Issuer
Yes
Against
Against
 
 
                  
Home Depot, Inc.
HD
437076102
5/20/2010
3/22/2010
1
Election of nine (9) directors
Issuer
Yes
For
For
 
 
      
2
Ratify KPMG LLP
Issuer
Yes
For
For
 
 
      
3
Performance-based awards
Issuer
Yes
Against
Against
 
 
      
4
Cumulative voting
Holder
Yes
For
For
 
 
      
5
Executive officer Compensation
Holder
Yes
Against
Against
 
 
      
6
Special shareholder meetings
Holder
Yes
For
For
 
 
      
7
Shareholder action by written consent
Holder
Yes
Against
Against
 
 
      
8
Independent Chairman of the Board
Holder
Yes
Against
Against
 
 
      
9
Employment Diversity Report
Holder
Yes
Against
Against
 
 
      
10
Reincorporation in North Dakota
Holder
Yes
Against
Against
 
 
                  
Yum Brands, Inc.
YUM
988498101
5/20/2010
3/22/2010
1
Election of twelve (12) directors
Issuer
Yes
For
For
 
 
      
2
Ratify auditors
Issuer
Yes
For
For
 
 
      
3
Right to call special shareholder meetings
Holder
Yes
Against
Against
 
 
                  
Black Hills Corporation
BKH
092113109
5/25/2010
4/6/2010
1
Election of three (3) directors
Issuer
Yes
For
For
 
 
      
2
D & T LLP as accountants
Issuer
Yes
For
For
 
 
      
3
Amend Omnibus incentive plan and code section renewal
Holder
Yes
Against
Against
 
 
                  
First American Corporation
FAF
318522307
5/18/2010
3/22/2010
1
Election of seventeen (17) directors
Issuer
Yes
For
For
 
 
      
2
Approve reincorporation under laws of Delaware
Issuer
Yes
For
For
 
 
      
3
Approve amendments to restated articles of incorporation and bylaws decreasing number of directors to seven (7) - thirteen (13)
Issuer
Yes
For
For
 
 
      
4
Approve amendments to restated articles of incorporation and change name to Corelogic, Inc.
Issuer
Yes
For
For
 
 
      
5
PWC LLP as accountants
Issuer
Yes
For
For
 
 
                  
Neuberger Berman R/E SEC Income-PFD C Annual
NRO SERIES W
64190A301
6/1/2010
4/1/2010
1
Election of five (5) directors
Issuer
Did Not Vote
N/A
N/A
 
 
                  
Caterpillar, Inc.
CAT
149123101
6/9/2010
4/12/2010
1
Election of five (5) directors
Issuer
Yes
For
For
 
 
      
2
Ratify auditors
Issuer
Yes
For
For
 
 
      
3
Amend 2006 long-term incentive plan
Issuer
Yes
Against
Against
 
 
      
4
Amend articles and bylaws to declassify Board
Issuer
Yes
For
For
 
 
      
5
Amend articles and bylaws to eliminate supermajority vote requirements
Issuer
Yes
For
For
 
 
      
6
Independent Chairman of the Board
Holder
Yes
Against
For
 
 
      
7
Review global corporate standards
Holder
Yes
Against
For
 
 
      
8
Special stockholder meetings
Holder
Yes
For
Against
 
 
                  
W.P. Carey & Co.
WPC
92930Y107
6/10/2010
4/14/2010
1
Election of twelve (12) directors
Issuer
Yes
For
For
 
 
      
2
PWC LLP as accountants
Issuer
Yes
For
For
                     
                     



 
 
 


SIGNATURE

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)
Boulder Total Return Fund, Inc.
   
By:
/s/ Stephen C. Miller
 
Stephen C. Miller
 
President (Principal Executive Officer)
   
Date:
August 31, 2010