ked_npx-0613.htm
 
OMB APPROVAL
OMB Number: 3235-0582
Expires: March 31, 2018
Estimated average burden hours per response 7.2

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT
INVESTMENT COMPANY


Investment Company Act file number      811-22435                         


Kayne Anderson Energy Development Company
(Exact name of registrant as specified in charter)


811 Main Street, 14th Floor                              Houston, Texas
77002
(Address of principal executive offices)
(Zip code)
 

 
David J. Shladovsky, Esq.
KA Fund Advisors, LLC
1800 Avenue of the Stars, Third Floor
Los Angeles, California 90067
 
(Name and address of agent for service)
 
 
Registrant's telephone number, including area code:     (310) 282-7905   

Date of fiscal year end:       November 30                                            

Date of reporting period:     July 1, 2014 - June 30, 2015                        

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.
 
ITEM 1. PROXY VOTING RECORD.

Disclose 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 (e.g., for or against proposal, or abstain; for or withhold regarding election of directors); and

(i)
Whether the registrant cast its vote for or against management.
 
SIGNATURES

[See General Instruction F]

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)       Kayne Anderson Energy Development Company                             
 

By (Signature and Title)*
/s/ Kevin S. McCarthy
  
 
Kevin S. McCarthy,
  
Date
August 10, 2015
Chairman of the Board of Directors,
President and Chief Executive Officer
  


* Print the name and title of each signing officer under his or her signature.

 
Item 1 – Proxy Voting Record
Kayne Anderson Energy Development Company
          
July 1, 2014 - June 30, 2015
                          
 
Issuer
 
Ticker
Symbol
 
CUSIP
 
Meeting Date
 
Matter:
 
Proposed by (I)ssuer or (S)hareholder
Vote Cast?
How Voted
For/Against
Mgmt
                           
GOLAR LNG PARTNERS LP
  
GMLP
  
Y2745C102
  
9/19/2014
  
TO ELECT:
  
I
YES
FOR
FOR
               
CARL E. STEEN AS A CLASS II DIRECTOR OF THE PARTNERSHIP WHOSE TERM WILL EXPIRE AT THE 2017 ANNUAL MEETING OF LIMITED PARTNERS.
          
                           
CAPITAL PRODUCT PARTNERS L.P.
  
CPLP
  
Y11082107
  
8/21/2014
  
ELECTION:
  
I
YES
FOR
FOR
               
OF ONE CLASS I DIRECTOR UNTIL THE 2017 ANNUAL MEETING: PIERRE DE DEMANDOLX-DEDONS.
          
                           
               
PROPOSAL TO APPROVE:
  
I
YES
FOR
FOR
               
THE FOURTH AMENDMENT TO THE SECOND AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP TO REVISE THE TARGET DISTRIBUTIONS TO HOLDERS OF INCENTIVE DISTRIBUTION RIGHTS.
          
                           
               
PROPOSAL TO APPROVE:
  
I
YES
FOR
FOR
               
AN AMENDMENT AND RESTATEMENT OF THE 2008 OMNIBUS INCENTIVE COMPENSATION PLAN AMENDED JULY 22, 2010 TO INCREASE THE MAXIMUM NUMBER OF RESTRICTED UNITS AUTHORIZED FOR ISSUANCE THEREUNDER FROM 800,000 TO 1,650,000.
          
                           
HOEGH LNG PARTNERS LP
  
HMLP
  
Y3262R100
  
9/24/2014
  
TO ELECT:
  
I
YES
FOR
FOR
               
ANDREW JAMIESON AS A CLASS I DIRECTOR WHOSE TERM WILL EXPIRE AT THE 2015 ANNUAL MEETING OF LIMITED PARTNERS.
          
                           
               
TO ELECT:
  
I
YES
FOR
FOR
               
ROBERT SHAW AS A CLASS II DIRECTOR WHOSE TERM WILL EXPIRE AT THE 2016 ANNUAL MEETING OF LIMITED PARTNERS.
          
                           
               
TO ELECT:
  
I
YES
FOR
FOR
               
DAVID SPIVAK AS A CLASS III DIRECTOR WHOSE TERM WILL EXPIRE AT THE 2017 ANNUAL MEETING OF LIMITED PARTNERS.
          
                           
               
TO ELECT:
  
I
YES
FOR
FOR
               
MORTTEN W. HOEGHAS A CLASS IV DIRECTOR WHOSE TERM WILL EXPIRE AT THE 2018 ANNUAL MEETING OF LIMITED PARTNERS.
          
                           
DYNAGAS LNG PARTNERS LP
  
DLNG
  
Y2188B108
  
10/23/2014
  
DIRECTOR:
  
I
YES
FOR
FOR
               
EVANGELOS VLAHOULIS
          
               
ALEXIOS RODOPOULOS
          
               
LEVON DEDEGIAN
          
                           
               
TO APPROVE:
  
I
YES
FOR
FOR
               
THE APPOINTMENT OF ERNST & YOUNG (HELLAS) CERTIFIED AUDITORS ACCOUNTANTS S.A. AS THE PARTNERSHIP'S INDEPENDENT AUDITORS FOR THE FISCAL YEAR ENDING DECEMBER 31, 2014.
          
                           
EL PASO PIPELINE PARTNERS, L.P.
  
EPB
  
283702108
  
11/20/2014
  
TO APPROVE:
  
I
YES
FOR
FOR
               
THE EPB MERGER AGREEMENT.
          
                           
               
TO APPROVE:
  
I
YES
FOR
FOR
               
THE EPB ADJOURNMENT PROPOSAL.
          
                           
KINDER MORGAN, INC.
  
KMI
  
49456B101
  
11/20/2014
  
TO APPROVE:
  
I
YES
FOR
FOR
               
AN AMENDMENT OF THE CERTIFICATE OF INCORPORATION OF KMI TO INCREASE THE NUMBER OF AUTHORIZED SHARES OF CLASS P COMMON STOCK, PAR VALUE $0.01 PER SHARE, OF KMI FROM 2,000,000,000 TO 4,000,000,000.
          
                           
               
TO APPROVE:
  
I
YES
FOR
FOR
               
THE ISSUANCE OF SHARES OF KMI COMMON STOCK IN THE PROPOSED KMP, KMR AND EPB MERGERS.
          
                           
               
TO APPROVE:
  
I
YES
FOR
FOR
               
THE ADJOURNMENT OF THE SPECIAL MEETING, IF NECESSARY TO SOLICIT ADDITIONAL PROXIES IF THERE ARE NOT SUFFICIENT VOTES TO ADOPT THE FOREGOING PROPOSALS AT THE TIME OF THE SPECIAL MEETING.
          
                           
KINDER MORGAN MANAGEMENT, LLC
  
KMR
  
49455U100
  
11/20/2014
  
TO APPROVE:
  
I
YES
FOR
FOR
               
THE KMR MERGER AGREEMENT.
          
                           
               
TO APPROVE:
  
I
YES
FOR
FOR
               
THE KMR ADJOURNMENT PROPOSAL.
          
                           
               
TO APPROVE:
  
I
YES
FOR
FOR
               
THE KMP MERGER AGREEMENT.
          
                           
               
TO APPROVE:
  
I
YES
FOR
FOR
               
THE KMP ADJOURNMENT PROPOSAL.
          
                           
ENERGY TRANSFER PARTNERS, L.P.
  
ETP
  
29273R109
  
11/20/2014
  
TO APPROVE:
  
I
YES
FOR
FOR
               
THE SECOND AMENDED AND RESTATED ENERGY TRANSFER PARTNERS, L.P. 2008 LONG-TERM INCENTIVE PLAN (AS IT HAS BEEN AMENDED FROM TIME TO TIME, THE "LTIP"), WHICH, AMONG OTHER THINGS, PROVIDES FOR AN INCREASE IN THE MAXIMUM NUMBER OF COMMON UNITS RESERVED AND AVAILABLE FOR DELIVERY WITH RESPECT TO AWARDS UNDER THE LTIP TO 10,000,000 COMMON UNITS (THE "LTIP PROPOSAL").
          
                           
               
TO APPROVE:
  
I
YES
FOR
FOR
               
THE ADJOURNMENT OF THE SPECIAL MEETING TO A LATER DATE OR DATES, IF NECESSARY OR APPROPRIATE, TO SOLICIT ADDITIONAL PROXIES IN THE EVENT THERE ARE NOT SUFFICIENT VOTES AT THE TIME OF THE SPECIAL MEETING TO APPROVE THE LTIP PROPOSAL.
          
                           
TARGA RESOURCES CORP.
  
TRGP
  
87612G101
  
1/20/2015
  
TO CONSIDER AND VOTE UPON:
  
I
YES
AGAINST
AGAINST
               
A PROPOSAL TO APPROVE THE ISSUANCE OF SHARES OF COMMON STOCK OF TARGA RESOURCES CORP. ("TRC") IN CONNECTION WITH THE MERGER CONTEMPLATED BY THE AGREEMENT AND PLAN OF MERGER, DATED AS OF OCTOBER 13, 2014, BY AND AMONG TRC, TRIDENT GP MERGER SUB LLC, ATLAS ENERGY, L.P. AND ATLAS ENERGY ... (DUE TO SPACE LIMITS, SEE PROXY STATEMENT FOR FULL PROPOSAL).
          
                           
               
TO APPROVE:
  
I
YES
AGAINST
AGAINST
               
ONE OR MORE ADJOURNMENTS OF THE SPECIAL MEETING IF NECESSARY OR APPROPRIATE TO SOLICIT ADDITIONAL PROXIES IF THERE ARE NOT SUFFICIENT VOTES TO APPROVE THE TRC STOCK ISSUANCE PROPOSAL.
          
                           
ATLAS PIPELINE PARTNERS, L.P.
  
APL
  
049392103
  
1/22/2015
  
PROPOSAL TO APPROVE AND ADOPT:
  
I
NO
DID NOT VOTE
DID NOT VOTE
               
THE AGREEMENT AND PLAN OF MERGER (THE "APL MERGER AGREEMENT"), DATED AS OF OCTOBER 13, 2014, BY AND AMONG TARGA RESOURCES CORP., TARGA RESOURCES PARTNERS LP, TARGA RESOURCES GP LLC, TRIDENT MLP MERGER SUB LLC, ATLAS ENERGY, L.P., ATLAS PIPELINE PARTNERS, L.P. AND ATLAS PIPELINE PARTNERS GP, LLC, AND TO APPROVE THE MERGER CONTEMPLATED BY THE APL MERGER AGREEMENT.
          
                           
               
PROPOSAL TO APPROVE:
  
I
NO
DID NOT VOTE
DID NOT VOTE
               
ON AN ADVISORY (NON-BINDING) BASIS, THE COMPENSATION PAYMENTS THAT WILL OR MAY BE PAID BY ATLAS PIPELINE PARTNERS, L.P. TO ITS NAMED EXECUTIVE OFFICERS IN CONNECTION WITH THE MERGER.
          
                           
WILLIAMS PARTNERS L.P.
  
WMB
  
969457100
  
1/28/2015
  
TO APPROVE AND ADOPT:
  
I
YES
FOR
NONE
               
THE AGREEMENT AND PLAN OF MERGER, DATED AS OF OCTOBER 24, 2014 (THE "MERGER AGREEMENT"), BY AND AMONG ACCESS MIDSTREAM PARTNERS, L.P., ACCESS MIDSTREAM PARTNERS GP, L.L.C., VHMS, LLC ("MERGER SUB"), WILLIAMS PARTNERS L.P., AND WILLIAMS PARTNERS GP LLC (THE "WPZ GENERAL PARTNER").
          
                           
MAGELLAN MIDSTREAM PARTNERS, L.P.
  
MMP
  
559080106
  
4/23/2015
  
DIRECTOR:
  
I
YES
FOR
FOR
               
ROBERT G. CROYLE
          
                           
               
DIRECTOR:
  
I
YES
FOR
FOR
               
STACY P. METHVIN
          
                           
               
DIRECTOR:
   I YES  FOR FOR
               
BARRY R. PEARL
          
                           
               
PROPOSAL TO APPROVE:
  
I
YES
FOR
FOR
               
EXECUTIVE COMPENSATION
          
                           
               
RATIFY APPOINTMENT:
  
I
YES
FOR
FOR
               
INDEPENDENT AUDITOR
          
                           
REGENCY ENERGY PARTNERS LP
  
RGP
  
75885Y107
  
4/28/2015
  
PROPOSAL:
  
I
NO
  DID NOT VOTE   DID NOT VOTE
               
TO ADOPT THE AGREEMENT AND PLAN OF MERGER, DATED AS OF JANUARY 25, 2015, AS AMENDED BY AMENDMENT NO. 1 THERETO, DATED AS OF FEBRUARY 18, 2015, BY AND AMONG ENERGY TRANSFER PARTNERS, L.P., ENERGY TRANSFER PARTNERS GP, L.P., THE GENERAL PARTNER OF ETP, RENDEZVOUS I LLC, .. (DUE TO SPACE LIMITS, SEE PROXY STATEMENT FOR FULL PROPOSAL.
          
                           
               
PROPOSAL:
  
I
NO
  DID NOT VOTE  DID NOT VOTE
               
TO APPROVE THE ADJOURNMENT OF THE SPECIAL MEETING, IF NECESSARY TO SOLICIT ADDITIONAL PROXIES IF THERE ARE NOT SUFFICIENT VOTES TO ADOPT THE MERGER AGREEMENT AT THE TIME OF THE SPECIAL MEETING.
          
                           
               
PROPOSAL:
  
I
NO
  DID NOT VOTE  DID NOT VOTE
               
TO APPROVE, ON AN ADVISORY (NON-BINDING) BASIS, THE PAYMENTS THAT WILL OR MAY BE PAID BY REGENCY TO ITS NAMED EXECUTIVE OFFICERS IN CONNECTION WITH THE MERGER.
          
                           
KINDER MORGAN, INC.
  
KMI
  
49456B101
  
5/7/2015
1
DIRECTOR:
  
I
YES
FOR
FOR
               
RICHARD D. KINDER
          
               
STEVEN J. KEAN
          
               
TED A. GARDNER
          
               
ANTHONY W. HALL, JR.
          
               
GARY L. HULTQUIST
          
               
RONALD L. KUEHN, JR.
          
               
DEBORAH A. MACDONALD
          
               
MICHAEL J. MILLER
          
               
MICHAEL C. MORGAN
          
               
ARTHUR C. REICHSTETTER
          
               
FAYEZ SAROFIM
          
               
C. PARK SHAPER
          
               
WILLIAM A. SMITH
          
               
JOEL V. STAFF
          
               
ROBERT F. VAGT
          
               
PERRY M. WAUGHTAL
          
                           
             
2
APPROVAL:
  
I
YES
FOR
FOR
               
OF THE KINDER MORGAN, INC. 2015 AMENDED AND RESTATED STOCK INCENTIVE PLAN.
          
                           
             
3
APPROVAL:
  
I
YES
FOR
FOR
               
OF THE AMENDED AND RESTATED ANNUAL INCENTIVE PLAN OF KINDER MORGAN, INC.
          
                           
             
4
ADVISORY VOTE TO:
  
I
YES
FOR
FOR
               
APPROVE EXECUTIVE COMPENSATION.
          
                           
             
5
RATIFICATION:
  
I
YES
FOR
FOR
               
OF THE SELECTION OF PRICEWATERHOUSECOOPERS LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2015.
          
                           
             
6
APPROVAL:
  
I
YES
FOR
FOR
               
OF THE AMENDED AND RESTATED CERTIFICATE OF INCORPORATION OF KINDER MORGAN, INC.
          
                           
             
7
STOCKHOLDER PROPOSAL:
  
S
YES
AGAINST
FOR
               
RELATING TO A REPORT ON OUR COMPANY'S RESPONSE TO CLIMATE CHANGE.
          
                           
             
8
STOCKHOLDER PROPOSAL:
  
S
YES
AGAINST
FOR
               
RELATING TO A REPORT ON METHANE EMISSIONS.
          
                           
             
9
STOCKHOLDER PROPOSAL:
  
S
YES
AGAINST
FOR
               
RELATING TO AN ANNUAL SUSTAINABILITY REPORT.
          
                           
LEGACY RESERVES LP
  
LGCY
  
524707304
  
5/13/2015
1
DIRECTOR:
  
I
YES
FOR
FOR
               
CARY D. BROWN
          
               
KYLE A. MCGRAW
          
               
DALE A. BROWN
          
               
G. LARRY LAWRENCE
          
               
WILLIAM D. SULLIVAN
          
               
WILLIAM R. GRANBERRY
          
               
KYLE D. VANN
          
               
PAUL T. HORNE
          
                           
               
APPROVAL:
  
I
YES
FOR
FOR
               
OF THE AMENDMENT TO THE AMENDED AND RESTATED LEGACY RESERVES LP LONG-TERM INCENTIVE PLAN.
          
                           
               
RATIFICATION:
  
I
YES
FOR
FOR
               
OF THE APPOINTMENT OF BDO USA, LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER 31, 2015.
          
                           
TARGA RESOURCES CORP.
  
TRGP
  
87612G101
  
5/18/2015
1
DIRECTOR:
  
I
YES
FOR
FOR
               
JOE BOB PERKINS
          
               
ERSHEL C. REDD, JR.
          
                           
               
RATIFICATION:
  
I
YES
FOR
FOR
               
OF THE SELECTION OF INDEPENDENT AUDITORS.
          
                           
               
SHAREHOLDER PROPOSAL:
          
               
REGARDING PUBLICATION OF A REPORT ON METHANE EMISSIONS.
  
S
YES
AGAINST
FOR
                           
BUCKEYE PARTNERS, L.P.
  
BPL
  
118230101
  
6/2/2015
1
DIRECTOR:
  
I
YES
FOR
FOR
               
PIETER BAKKER
          
               
BARBARA M. BAUMANN
          
               
MARK C. MCKINLEY
          
               
DONALD W. NIEMIEC
          
                           
             
2
RATIFICATION OF:
  
I
YES
FOR
FOR
               
OF THE SELECTION OF DELOITTE & TOUCHE LLP AS BUCKEYE PARTNERS, L.P.'S INDEPENDENT REGISTERED PUBLIC ACCOUNTANTS FOR 2015.
          
                           
MARKWEST ENERGY PARTNERS, L.P.
  
MWE
  
570759100
  
6/3/2015
1
DIRECTOR:
  
I
YES
FOR
FOR
               
FRANK M. SEMPLE
          
               
DONALD D. WOLF
          
               
MICHAEL L. BEATTY
          
               
WILLIAM A BRUCKMANN III
          
               
DONALD C. HEPPERMANN
          
               
RANDALL J. LARSON
          
               
ANNE E. FOX MOUNSEY
          
               
WILLIAM P. NICOLETTI
          
                           
             
2
RATIFICATION OF:
  
I
YES
FOR
FOR
               
DELOITTE & TOUCHE LLP AS THE PARTNERSHIP'S INDEPENDENT REGISTERED PUBLIC ACCOUNTANTS FOR THE FISCAL YEAR ENDING DECEMBER 31, 2015.