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 811-21286
Name of Fund: Preferred Income Strategies Fund, 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, Preferred Income
Strategies Fund, 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: 10/31/2006
Date of reporting period: 07/01/2005 - 06/30/2006
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: 811-21286
Reporting Period: 07/01/2005 - 06/30/2006
Preferred Income Strategies Fund, Inc.
==================== PREFERRED INCOME STRATEGIES FUND, INC. ====================
PACIFIC GAS & ELECTRIC COMPANY
Ticker: PCG.PA Security ID: 694308206
Meeting Date: APR 19, 2006 Meeting Type: Annual
Record Date: FEB 21, 2006
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director David R. Andrews For For Management
1.2 Elect Director Leslie S. Biller For For Management
1.3 Elect Director David A. Coulter For For Management
1.4 Elect DirectoR C. Lee Cox For For Management
1.5 Elect Director Peter A. Darbee For For Management
1.6 Elect Director Maryellen C. Herringer For For Management
1.7 Elect Director Thomas B. King For For Management
1.8 Elect Director Mary S. Metz For For Management
1.9 Elect Director Barbara L. Rambo For For Management
1.10 Elect Director Barry Lawson Williams For For Management
2 Ratify Auditors For For Management
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WACHOVIA PREFERRED FUNDING CORP
Ticker: WNA PR Security ID: 92977V206
Meeting Date: MAY 16, 2006 Meeting Type: Annual
Record Date: MAR 31, 2006
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director James E. Alward For For Management
1.2 Elect Director Joel J. Griffin For For Management
1.3 Elect Director Charles F. Jones For For Management
1.4 Elect Director G. Kennedy Thompson For Withhold Management
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WACHOVIA PREFERRED FUNDING CORP
Ticker: WNA PR Security ID: 92977V206
Meeting Date: NOV 8, 2005 Meeting Type: Annual
Record Date: SEP 30, 2005
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director James E. Alward For For Management
1.2 Elect Director Joel J. Griffin For For Management
1.3 Elect Director Charles F. Jones For For Management
1.4 Elect Director G. Kennedy Thompson For For Management
--------------------------------------------------------------------------------
WEINGARTEN REALTY INVESTORS
Ticker: WRI Security ID: 948741509
Meeting Date: MAY 1, 2006 Meeting Type: Annual
Record Date: MAR 14, 2006
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Stanford Alexander For For Management
1.2 Elect Director Andrew M. Alexander For For Management
1.3 Elect Director J. Murry Bowden For For Management
1.4 Elect Director James W. Crownover For For Management
1.5 Elect Director Robert J. Cruikshank For For Management
1.6 Elect Director Melvin A. Dow For For Management
1.7 Elect Director Stephen A. Lasher For For Management
1.8 Elect Director Douglas W. Schnitzer For For Management
1.9 Elect Director Marc J. Shapiro For For Management
2 Ratify Auditors For For Management
3 Amend Omnibus Stock Plan For For Management
4 Performance-Based Equity Awards Against Against Shareholder
========== 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.
Preferred Income Strategies Fund, Inc.
By: /s/ Robert C. Doll, Jr.
-----------------------
Robert C. Doll, Jr.
Chief Executive Officer
Preferred Income Strategies Fund, Inc.
Date: September 7, 2006