Enhanced Reporting of Proxy Votes by Registered Management Investment Companies (Form N-PX): Securities Lending Disclosures
On November 2, 2022, the SEC adopted amendments to Form N-PX aimed at enhancing the reporting of proxy votes by registered funds and the reporting of executive compensation (“say-on-pay”) votes by institutional investment managers. Included in the amendments are quantitative disclosures of securities lending activity. Disclosure of securities lending activity by institutional investment managers is limited to managers exercising discretion over their securities lending program
For each shareholder meeting in which a fund is eligible to vote, the following information must be reported:
- the number of shares that were voted (Item 1(i)); and
- the number of shares that the reporting person loaned and did not recall (Item 1(j)).
The full document is available at https://storage.pardot.com/909002/1681152020gORUdgwt/RMA_ESG___NPX_Summary.pdf