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 811-08497
Name of Fund: Corporate High Yield Fund III, Inc.
Fund Address: P.O. Box 9011
Princeton, NJ 08543-9011
Name and address of agent for service:
Robert C. Doll, Jr., Chief Executive Officer, Corporate High Yield
Fund III, Inc., 800 Scudders Mill Road, Plainsboro, NJ, 08536. Mailing
address: P.O. Box 9011, Princeton, NJ, 08543-9011
Registrant's telephone number, including area code: (609) 282-2800
Date of fiscal year end: 05/31/2007
Date of reporting period: 07/01/05 - 06/30/06
Item 1 - Proxy Voting Record
The information contained herein discloses 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; and
(i) Whether the registrant cast its vote for or against management.
******************************* FORM N-Px REPORT *******************************
ICA File Number: 811-08497
Reporting Period: 07/01/2005 - 06/30/2006
Corporate High Yield Fund III, Inc.
===================== CORPORATE HIGH YIELD FUND III, INC. ======================
ADELPHIA COMMUNICATIONS CORP.
Ticker: ADELQ Security ID: 006848303
Meeting Date: MAY 14, 2006 Meeting Type: Written Consent
Record Date: NOV 28, 2005
# Proposal Mgt Rec Vote Cast Sponsor
1 DEBTORS FOURTH AMENDED JOINT PLAN OF None Did Not Management
REORGANIZATION UNDER CHAPTER 11 OF THE Vote
BANKRUPTCY CODE DATED NOVEMBER 21, 2005.M
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GEO SPECIALTY CHEMICALS INC.
Ticker: GSCQ Security ID: 37246R205
Meeting Date: NOV 17, 2005 Meeting Type: Annual
Record Date: OCT 7, 2005
# Proposal Mgt Rec Vote Cast Sponsor
1 Elect Director David L. Eaton For For Management
2 Elect Director Charles Macaluso For For Management
3 Elect Director Michael Y. McGovern For For Management
4 Elect Director Nathaniel Mass For For Management
5 Amend Articles/Bylaws/Charter-Non-Routine For For Management
--------------------------------------------------------------------------------
IDT CORP.
Ticker: IDT.C Security ID: 448947309
Meeting Date: DEC 15, 2005 Meeting Type: Annual
Record Date: OCT 21, 2005
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director J. Warren Blaker For For Management
1.2 Elect Director Stephen R. Brown For For Management
1.3 Elect Director James A. Courter For Withhold Management
1.4 Elect Director Slade Gorton For For Management
1.5 Elect Director Marc E. Knoller For For Management
2 Approve Stock Option Plan For Against Management
3 Approve Restricted Stock Plan For Against Management
4 Ratify Auditors For For Management
--------------------------------------------------------------------------------
LODGIAN, INC.
Ticker: LGN Security ID: 54021P403
Meeting Date: APR 27, 2006 Meeting Type: Annual
Record Date: MAR 10, 2006
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Sean F. Armstrong For For Management
1.2 Elect Director Russel S. Bernard For For Management
1.3 Elect Director Stewart J. Brown For For Management
1.4 Elect Director Stephen P. Grathwohl For For Management
1.5 Elect Director Dr. Sheryl E. Kimes For Withhold Management
1.6 Elect Director Kevin C. Mctavish For For Management
1.7 Elect Director Edward J. Rohling For For Management
1.8 Elect Director Alex R. Lieblong For For Management
2 Approve Executive Incentive Bonus Plan For For Management
3 Ratify Auditors For For Management
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US UNWIRED INC.
Ticker: Security ID: 90338RAF1
Meeting Date: FEB 27, 2006 Meeting Type: Written Consent
Record Date: FEB 9, 2006
# Proposal Mgt Rec Vote Cast Sponsor
1 PROPOSED AMENDMENTS None Did Not Management
Vote
========== END NPX REPORT
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.
Corporate High Yield Fund III, Inc.
By: /s/ Robert C. Doll, Jr.
-----------------------
Robert C. Doll, Jr.
Chief Executive Officer
Corporate High Yield Fund III, Inc.
Date: August 24, 2006