Broker Non-Votes. At any meeting of Shareholders, the Trust will consider broker non-votes, if any, as "entitled to vote, " and therefore present for purposes of determining whether a quorum is present at the meeting and the percentage of outstanding Shares present in person or by proxy and entitled to vote at the meeting.
Broker Non-Votes. Except as otherwise provided by law, at any meeting of Shareholders, the Trust will consider broker non-votes as present for purposes of determining whether a quorum is present at the meeting. Broker non-votes will not count as votes cast.
Broker Non-Votes. Under the listing requirements of the New York Stock Exchange (the “NYSE”), brokers who hold shares in “street name” for a beneficial owner of those shares typically have the authority to vote in their discretion on “routine” proposals when they have not received instructions from beneficial owners. However, brokers are not allowed to exercise their voting discretion with respect to the approval of matters that the NYSE determines to be “non-routine.” Accordingly, a broker non-vote occurs when the broker is not permitted to vote on an item without instruction from the beneficial owner of shares of common stock and the beneficial owner gives no instruction as to voting of the shares. Under NYSE rules, your broker does not have discretionary authority to vote your shares of Company common stock on any of the proposals. Therefore, if you are a Company shareholder and you do not instruct your broker on how to vote your shares of Company common stock, your broker may not vote your shares on any of the proposals.
