SEC Form N-PX
Contents
Unraveling the Intricacies of SEC Form N-PX
Understanding SEC Form N-PX
SEC Form N-PX serves as a critical disclosure tool utilized by mutual funds and registered management investment companies to elucidate their proxy voting procedures to investors. This form, mandated by the Securities and Exchange Commission (SEC), provides transparency regarding how funds exercise their voting rights on various securities they hold, ensuring accountability and informed decision-making among stakeholders.
Deciphering SEC Form N-PX
The filing of SEC Form N-PX is a regulatory requirement stipulated under Section 30 of the Investment Company Act of 1940, along with Sections 13 and 15(d) of the Securities Exchange Act of 1934. These provisions mandate investment companies and trusts to furnish semiannual and annual reports to both the SEC and shareholders, fostering transparency and regulatory compliance within the investment landscape.
Unveiling Information Disclosed in SEC Form N-PX
Within the realms of SEC Form N-PX, mutual funds are obligated to furnish specific details pertaining to the securities held within the fund, particularly during shareholder meetings where voting rights are exercised. This information encompasses crucial aspects such as the issuer's name, exchange ticker symbol, Committee on Uniform Security Identification Procedures (CUSIP) number, shareholder meeting dates, and a comprehensive overview of issues subject to voting. Moreover, funds are mandated to disclose the outcome of each vote, elucidating whether they supported or opposed management proposals, thereby ensuring transparency and accountability in the decision-making process.