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:  811-21493

                  BlackRock Strategic Dividend Achievers Trust
                  --------------------------------------------
               (Exact name of registrant as specified in charter)

                    100 Bellevue Parkway, Wilmington DE 19809
                    -----------------------------------------
               (Address of principal executive offices) (Zip code)

                           Robert S. Kapito, President
                               40 East 52nd Street
                            New York, New York 10022
                         ------------------------------
                     (name and address of agent for service)

Registrant's telephone number, including area code: (888) 825-2257

Date of fiscal year end: 10/31

Date of reporting period:  07/01/2005 - 06/30/2006




================= BLACKROCK STRATEGIC DIVIDEND ACHIEVERS TRUST =================

ITEM 1 PROXY VOTING RECORD

A. O. SMITH CORP.

Ticker:       SAOSA          Security ID:  831865209
Meeting Date: APR 10, 2006   Meeting Type: Annual
Record Date:  FEB 22, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director William F. Buehler         For       For        Management
1.2   Elect Director Idelle K. Wolf             For       For        Management
2     Ratify Auditors                           For       For        Management


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ALFA CORP.

Ticker:       ALFA           Security ID:  015385107
Meeting Date: APR 25, 2006   Meeting Type: Annual
Record Date:  MAR 14, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Jerry A. Newby             For       For        Management
1.2   Elect Director Hal F. Lee                 For       For        Management
1.3   Elect Director Russell R Wiggins          For       For        Management
1.4   Elect Director Dean Wysner                For       For        Management
1.5   Elect Director Jacob C. Harper            For       For        Management
1.6   Elect Director Steven Dunn                For       For        Management
1.7   Elect Director B. Phil Richardson         For       For        Management
1.8   Elect Director Boyd E. Christenberry      For       For        Management
1.9   Elect Director John R. Thomas             For       For        Management
1.10  Elect Director Larry E. Newman            For       For        Management
1.11  Elect Director C. Lee Ellis               For       For        Management


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AMERICAN STATES WATER COMPANY

Ticker:       AWR            Security ID:  029899101
Meeting Date: MAY 9, 2006    Meeting Type: Annual
Record Date:  MAR 15, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director N.P. Dodge, Jr.            For       For        Management
1.2   Elect Director Robert F. Kathol           For       For        Management
1.3   Elect Director Lloyd E. Ross              For       For        Management
2     Ratify Auditors                           For       For        Management


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ARTHUR J. GALLAGHER & CO.

Ticker:       AJG            Security ID:  363576109
Meeting Date: MAY 16, 2006   Meeting Type: Annual
Record Date:  MAR 20, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director J.P. Gallagher, Jr.        For       For        Management
1.2   Elect Director Ilene S. Gordon            For       For        Management
1.3   Elect Director James R. Wimmer            For       For        Management
2     Ratify Auditors                           For       For        Management


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ASSOCIATED BANC-CORP.

Ticker:       ASBC           Security ID:  045487105
Meeting Date: APR 26, 2006   Meeting Type: Annual
Record Date:  FEB 17, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Karen T. Beckwith          For       For        Management
1.2   Elect Director Ronald R. Harder           For       For        Management
1.3   Elect Director J. Douglas Quick           For       For        Management
2     Declassify the Board of Directors         For       Against    Management
3     Ratify Auditors                           For       For        Management


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ATMOS ENERGY CORP.

Ticker:       ATO            Security ID:  049560105
Meeting Date: FEB 8, 2006    Meeting Type: Annual
Record Date:  DEC 15, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Richard W. Cardin          For       For        Management
1.2   Elect Director Thomas C. Meredith         For       For        Management
1.3   Elect Director Nancy K. Quinn             For       For        Management
1.4   Elect Director Stephen R. Springer        For       For        Management
1.5   Elect Director Richard Ware, II           For       For        Management


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AVERY DENNISON CORP.

Ticker:       AVY            Security ID:  053611109
Meeting Date: APR 27, 2006   Meeting Type: Annual
Record Date:  FEB 27, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director John T. Cardis             For       For        Management
1.2   Elect Director David E.I. Pyott           For       For        Management
1.3   Elect Director Dean A. Scarborough        For       For        Management
1.4   Elect Director Julia A. Stewart           For       For        Management
2     Ratify Auditors                           For       For        Management


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BANCORPSOUTH, INC.

Ticker:       BXS            Security ID:  059692103
Meeting Date: APR 26, 2006   Meeting Type: Annual
Record Date:  MAR 6, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Hassell H. Franklin        For       For        Management
1.2   Elect Director Robert C. Nolan            For       For        Management
1.3   Elect Director W. Cal Partee, Jr.         For       For        Management
1.4   Elect Director Travis E. Staub            For       For        Management
2     Amend Executive Incentive Bonus Plan      For       For        Management
3     Ratify Auditors                           For       For        Management


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BANDAG INC.

Ticker:       BDG            Security ID:  059815100
Meeting Date: MAY 16, 2006   Meeting Type: Annual
Record Date:  MAR 31, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Gary E. Dewel              For       For        Management
1.2   Elect Director R. Stephen Newman          For       For        Management
2     Ratify Auditors                           For       For        Management


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BANK OF HAWAII CORP.

Ticker:       BOH            Security ID:  062540109
Meeting Date: APR 28, 2006   Meeting Type: Annual
Record Date:  FEB 28, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director S. Haunani Apoliona        For       For        Management
1.2   Elect Director Clinton R. Churchill       For       For        Management
1.3   Elect Director David A. Heenan            For       For        Management
1.4   Elect Director Allan R. Landon            For       For        Management
1.5   Elect Director Kent T. Lucien             For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Ratify Auditors                           For       For        Management


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BEMIS COMPANY, INC.

Ticker:       BMS            Security ID:  081437105
Meeting Date: MAY 4, 2006    Meeting Type: Annual
Record Date:  MAR 10, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director William J. Bolton          For       For        Management
1.2   Elect Director Barbara L. Johnson         For       For        Management
1.3   Elect Director Paul S. Peercy             For       For        Management
1.4   Elect Director Gene C. Wulf               For       For        Management
2     Approve Stock Option Plan                 For       For        Management
3     Ratify Auditors                           For       For        Management



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BLACK HILLS CORP.

Ticker:       BKH            Security ID:  092113109
Meeting Date: MAY 24, 2006   Meeting Type: Annual
Record Date:  APR 5, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director David C. Ebertz            For       For        Management
1.2   Elect Director John R. Howard             For       For        Management
1.3   Elect Director Stephen D. Newlin          For       For        Management
2     Ratify Auditors                           For       For        Management


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CALIFORNIA WATER SERVICE GROUP

Ticker:       CWT            Security ID:  130788102
Meeting Date: APR 26, 2006   Meeting Type: Annual
Record Date:  FEB 27, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Douglas M. Brown           For       For        Management
1.2   Elect Director Robert W. Foy              For       For        Management
1.3   Elect Director E.D. Harris, Jr. M.D.      For       For        Management
1.4   Elect Director Bonnie G. Hill             For       For        Management
1.5   Elect Director David N. Kennedy           For       For        Management
1.6   Elect Director Richard P. Magnuson        For       For        Management
1.7   Elect Director Linda R. Meier             For       For        Management
1.8   Elect Director Peter C. Nelson            For       For        Management
1.9   Elect Director George A. Vera             For       For        Management
2     Ratify Auditors                           For       For        Management


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CHEMICAL FINANCIAL CORP.

Ticker:       CHFC           Security ID:  163731102
Meeting Date: APR 17, 2006   Meeting Type: Annual
Record Date:  FEB 17, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Gary E. Anderson           For       For        Management
1.2   Elect Director J. Daniel Bernson          For       For        Management
1.3   Elect Director Nancy Bowman               For       For        Management
1.4   Elect Director James A. Currie            For       For        Management
1.5   Elect Director Thomas T. Huff             For       For        Management
1.6   Elect Director Michael T. Laethem         For       For        Management
1.7   Elect Director Geoffery E. Merszei        For       For        Management
1.8   Elect Director Terence F. Moore           For       For        Management
1.9   Elect Director Aloysius J. Oliver         For       For        Management
1.10  Elect Director Calvin D. Prins            For       For        Management
1.11  Elect Director David B. Ramaker           For       For        Management
1.12  Elect Director Larry D. Stauffer          For       For        Management
1.13  Elect Director William S. Stavropoulos    For       For        Management
1.14  Elect Director Franklin C. Wheatlake      For       For        Management
2     Approve Omnibus Stock Plan                For       For        Management


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CINCINNATI FINANCIAL CORP.

Ticker:       CINF           Security ID:  172062101
Meeting Date: MAY 6, 2006    Meeting Type: Annual
Record Date:  MAR 8, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director William F. Bahl            For       For        Management
1.2   Elect Director James E. Benoski           For       For        Management
1.3   Elect Director Gretchen W. Price          For       For        Management
1.4   Elect Director John J. Schiff, Jr.        For       For        Management
1.5   Elect Director E. Anthony Woods           For       For        Management
2     Ratify Auditors                           For       For        Management
3     Approve Executive Incentive Bonus Plan    For       For        Management
4     Approve Omnibus Stock Plan                For       For        Management


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COLONIAL PROPERTIES TRUST

Ticker:       CLP            Security ID:  195872106
Meeting Date: APR 26, 2006   Meeting Type: Annual
Record Date:  MAR 8, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Carl F. Bailey             For       For        Management
1.2   Elect Director M. Miller Gorrie           For       For        Management
1.3   Elect Director William M. Johnson         For       For        Management
1.4   Elect Director Glade M. Knight            For       For        Management
1.5   Elect Director James K. Lowder            For       For        Management
1.6   Elect Director Thomas H. Lowder           For       For        Management
1.7   Elect Director Herbert A. Meisler         For       For        Management
1.8   Elect Director Claude B. Nielsen          For       For        Management
1.9   Elect Director Harold W. Ripps            For       For        Management
1.10  Elect Director Donald T. Senterfitt       For       For        Management
1.11  Elect Director John W. Spiegel            For       For        Management
2     Ratify Auditors                           For       For        Management


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COMPASS BANCSHARES, INC.

Ticker:       CBSS           Security ID:  20449H109
Meeting Date: APR 17, 2006   Meeting Type: Annual
Record Date:  MAR 8, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Charles W. Daniel          For       For        Management
1.2   Elect Director William E. Davenport       For       For        Management
1.3   Elect Director Charles E. McMahen         For       For        Management
2     Approve Omnibus Stock Plan                For       For        Management


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EASTGROUP PROPERTIES, INC.

Ticker:       EGP            Security ID:  277276101
Meeting Date: MAY 31, 2006   Meeting Type: Annual
Record Date:  APR 13, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director D. Pike Aloian             For       For        Management
1.2   Elect Director H. C. Bailey, Jr.          For       For        Management
1.3   Elect Director Hayden C. Eaves, III       For       For        Management
1.4   Elect Director Fredric H. Gould           For       For        Management
1.5   Elect Director David H. Hoster, II        For       For        Management
1.6   Elect Director Mary E. McCormick          For       For        Management
1.7   Elect Director David M. Osnos             For       For        Management
1.8   Elect Director Leland R. Speed            For       For        Management


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F.N.B CORP.

Ticker:       FNB            Security ID:  302520101
Meeting Date: MAY 17, 2006   Meeting Type: Annual
Record Date:  MAR 8, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Robert B. Goldstein        For       For        Management
1.2   Elect Director David J. Malone            For       For        Management
1.3   Elect Director William J. Strimbu         For       For        Management
1.4   Elect Director Archie O. Wallace          For       For        Management


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FIRST CHARTER CORP.

Ticker:       FCTR           Security ID:  319439105
Meeting Date: APR 26, 2006   Meeting Type: Annual
Record Date:  MAR 8, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Michael R. Coltrane        For       For        Management
1.2   Elect Director Charles A. James           For       For        Management
1.3   Elect Director Robert E. James, Jr.       For       For        Management
1.4   Elect Director Ellen L. Messinger         For       For        Management
1.5   Elect Director Hugh H. Morrison           For       For        Management
1.6   Elect Director Walter H. Jones, Jr.       For       For        Management
2     Ratify Auditors                           For       For        Management


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FIRST COMMONWEALTH FINANCIAL CORP.

Ticker:       FCF            Security ID:  319829107
Meeting Date: APR 17, 2006   Meeting Type: Annual
Record Date:  MAR 3, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director James W. Newill            For       For        Management
1.2   Elect Director John A. Robertshaw, Jr.    For       For        Management
1.3   Elect Director Laurie S. Singer           For       For        Management
1.4   Elect Director Robert J. Ventura          For       For        Management


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FIRST FINANCIAL HOLDINGS, INC.

Ticker:       FFCH           Security ID:  320239106
Meeting Date: JAN 26, 2006   Meeting Type: Annual
Record Date:  NOV 28, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director A. Thomas Hood             For       For        Management
1.2   Elect Director James L. Rowe              For       For        Management
1.3   Elect Director Henry M. Swink             For       For        Management


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FIRST MERCHANTS CORP.

Ticker:       FRME           Security ID:  320817109
Meeting Date: APR 13, 2006   Meeting Type: Annual
Record Date:  FEB 10, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Richard A. Boehning        For       For        Management
1.2   Elect Director Barry J. Hudson            For       For        Management
1.3   Elect Director Michael C. Rechin          For       For        Management
2     Ratify Auditors                           For       For        Management


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FIRSTMERIT CORP.

Ticker:       FMER           Security ID:  337915102
Meeting Date: APR 19, 2006   Meeting Type: Annual
Record Date:  FEB 21, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director John C. Blickle            For       For        Management
1.2   Elect Director Gina D. France             For       For        Management
1.3   Elect Director Terry L. Haines            For       For        Management
2     Ratify Auditors                           For       For        Management
3     Approve Omnibus Stock Plan                For       For        Management


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FULTON FINANCIAL CORP.

Ticker:       FULT           Security ID:  360271100
Meeting Date: MAY 2, 2006    Meeting Type: Annual
Record Date:  MAR 14, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director John M. Bond, Jr.          For       For        Management
1.2   Elect Director Jeffrey G. Albertson       For       For        Management
1.3   Elect Director Craig A. Dally             For       For        Management
1.4   Elect Director Rufus A. Fulton, Jr.       For       For        Management
1.5   Elect Director Clyde W. Horst             For       For        Management
1.6   Elect Director Willem Kooyker             For       For        Management
1.7   Elect Director R. Scott Smith, Jr.        For       For        Management


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GENUINE PARTS CO.

Ticker:       GPC            Security ID:  372460105
Meeting Date: APR 17, 2006   Meeting Type: Annual
Record Date:  FEB 10, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Dr. Mary B. Bullock        For       For        Management
1.2   Elect Director Richard W. Courts, Ii      For       For        Management
1.3   Elect Director Jerry W. Nix               For       For        Management
1.4   Elect Director Larry L. Prince            For       For        Management
1.5   Elect Director Gary W. Rollins            For       For        Management
2     Declassify the Board of Directors         For       Against    Management
3     Amend Omnibus Stock Plan                  For       For        Management
4     Ratify Auditors                           For       For        Management


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HARLEYSVILLE GROUP, INC.

Ticker:       HGIC           Security ID:  412824104
Meeting Date: APR 26, 2006   Meeting Type: Annual
Record Date:  MAR 1, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Michael L. Browne          For       For        Management
1.2   Elect Director Frank E. Reed              For       For        Management
1.3   Elect Director Jerry S. Rosenbloom        For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management


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HARSCO CORP.

Ticker:       HSC            Security ID:  415864107
Meeting Date: APR 25, 2006   Meeting Type: Annual
Record Date:  MAR 3, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director G.D.H. Butler              For       For        Management
1.2   Elect Director K.G. Eddy                  For       For        Management
1.3   Elect Director S.D. Fazzolari             For       For        Management
1.4   Elect Director D.C. Hathaway              For       For        Management
1.5   Elect Director J.J. Jasinowski            For       For        Management
1.6   Elect Director D.H. Pierce                For       For        Management
1.7   Elect Director C.F. Scanlan               For       For        Management
1.8   Elect Director J.I. Scheiner              For       For        Management
1.9   Elect Director A.J. Sordoni, III          For       For        Management
1.10  Elect Director J.P. Viviano               For       For        Management
1.11  Elect Director R.C. Wilburn               For       For        Management
2     Ratify Auditors                           For       For        Management


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HEALTH CARE PROPERTY INVESTORS, INC.

Ticker:       HCP            Security ID:  421915109
Meeting Date: MAY 11, 2006   Meeting Type: Annual
Record Date:  MAR 23, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Mary A Cirillo-Goldberg    For       For        Management
1.2   Elect Director Robert R. Fanning, Jr.     For       For        Management
1.3   Elect Director James F. Flaherty III      For       For        Management
1.4   Elect Director David B. Henry             For       For        Management
1.5   Elect Director Michael D. Mckee           For       For        Management
1.6   Elect Director Harold M. Messmer, Jr.     For       For        Management
1.7   Elect Director Peter L. Rhein             For       For        Management
1.8   Elect Director Kenneth B. Roath           For       For        Management
1.9   Elect Director Richard M. Rosenberg       For       For        Management
1.10  Elect Director Joseph P. Sullivan         For       For        Management
2     Approve Omnibus Stock Plan                For       For        Management
3     Ratify Auditors                           For       For        Management
4     Other Business                            For       For        Management


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HEALTHCARE REALTY TRUST, INC.

Ticker:       HR             Security ID:  421946104
Meeting Date: MAY 9, 2006    Meeting Type: Annual
Record Date:  MAR 9, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director David R. Emery             For       For        Management
1.2   Elect Director Batey M. Gresham, Jr.      For       For        Management
1.3   Elect Director Dan S. Wilford             For       For        Management
1.4   Elect Director C.R. Fernandez, M.D.       For       For        Management
1.5   Elect Director Errol L. Biggs, Phd        For       For        Management
1.6   Elect Director Bruce D. Sullivan          For       For        Management
2     Ratify Auditors                           For       For        Management


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HILLENBRAND INDUSTRIES, INC.

Ticker:       HB             Security ID:  431573104
Meeting Date: FEB 10, 2006   Meeting Type: Annual
Record Date:  DEC 16, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Rolf A. Classon           For       For        Management
1.2   Elect  Director Charles E. Golden         For       For        Management
1.3   Elect  Director W August Hillenbrand      For       For        Management
1.4   Elect  Director Eduardo R. Menasce        For       For        Management
2     Ratify Auditors                           For       For        Management


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HUDSON UNITED BANCORP

Ticker:       HU             Security ID:  444165104
Meeting Date: JAN 11, 2006   Meeting Type: Special
Record Date:  DEC 2, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Merger Agreement                  For       For        Management


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JEFFERSON-PILOT CORP.

Ticker:       JP             Security ID:  475070108
Meeting Date: MAR 20, 2006   Meeting Type: Special
Record Date:  FEB 3, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Merger Agreement                  For       For        Management
2     Adjourn Meeting                           For       For        Management


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KIMCO REALTY CORP.

Ticker:       KIM            Security ID:  49446R109
Meeting Date: MAY 18, 2006   Meeting Type: Annual
Record Date:  MAR 24, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Martin S. Kimmel           For       For        Management
1.2   Elect Director Milton Cooper              For       For        Management
1.3   Elect Director Richard G. Dooley          For       For        Management
1.4   Elect Director Michael J. Flynn           For       For        Management
1.5   Elect Director Joe Grills                 For       For        Management
1.6   Elect Director David B. Henry             For       For        Management
1.7   Elect Director F. Patrick Hughes          For       For        Management
1.8   Elect Director Frank Lourenso             For       For        Management
1.9   Elect Director Richard Saltzman           For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Ratify Auditors                           For       For        Management
4     Company-Specific -- Require Annual        Against   For        Shareholder
      Disclosure of Related Party Transactions
      between the Company and its Senior
      Executive Officers or the Company and its
      Directors


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LA-Z-BOY INC.

Ticker:       LZB            Security ID:  505336107
Meeting Date: AUG 23, 2005   Meeting Type: Annual
Record Date:  JUN 30, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Kurt L. Darrow            For       For        Management
1.2   Elect  Director James W. Johnston         For       For        Management
1.3   Elect  Director H. George Levy, M.D.      For       For        Management
1.4   Elect  Director Donald L. Mitchell        For       For        Management
2     Ratify Auditors                           For       For        Management


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LANCASTER COLONY CORP.

Ticker:       LANC           Security ID:  513847103
Meeting Date: NOV 21, 2005   Meeting Type: Annual
Record Date:  SEP 26, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Robert L. Fox              For       For        Management
1.2   Elect Director John B. Gerlach, Jr.       For       For        Management
1.3   Elect Director Edward H. Jennings         For       For        Management
2     Approve Omnibus Stock Plan                For       For        Management


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LEGGETT & PLATT, INC.

Ticker:       LEG            Security ID:  524660107
Meeting Date: MAY 10, 2006   Meeting Type: Annual
Record Date:  MAR 6, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Raymond F. Bentele         For       For        Management
1.2   Elect Director Ralph W. Clark             For       For        Management
1.3   Elect Director Harry M. Cornell, Jr.      For       For        Management
1.4   Elect Director Robert Ted Enloe, III      For       For        Management
1.5   Elect Director Richard T. Fisher          For       For        Management
1.6   Elect Director Karl G. Glassman           For       For        Management
1.7   Elect Director David S. Haffner           For       For        Management
1.8   Elect Director Joseph W. McClanathan      For       For        Management
1.9   Elect Director Judy C. Odom               For       For        Management
1.10  Elect Director Maurice E. Purnell, Jr.    For       For        Management
1.11  Elect Director Phoebe A. Wood             For       For        Management
1.12  Elect Director Felix E. Wright            For       For        Management
2     Ratify Auditors                           For       For        Management
3     Amend EEO Statement to Prohibit           Against   Against    Shareholder
      Discrimination Based on  Sexual
      Orientation


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LEXINGTON CORPORATE PROPERTIES TRUST

Ticker:       LXP            Security ID:  529043101
Meeting Date: MAY 23, 2006   Meeting Type: Annual
Record Date:  MAR 24, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director E. Robert Roskind          For       For        Management
1.2   Elect Director Richard J. Rouse           For       For        Management
1.3   Elect Director T. Wilson Eglin            For       For        Management
1.4   Elect Director Geoffrey Dohrmann          For       For        Management
1.5   Elect Director Carl D. Glickman           For       For        Management
1.6   Elect Director James Grosfeld             For       For        Management
1.7   Elect Director Kevin W. Lynch             For       For        Management
1.8   Elect Director Stanley R. Perla           For       For        Management
1.9   Elect Director Seth M. Zachary            For       For        Management
2     Ratify Auditors                           For       For        Management
3     Other Business                            For       For        Management


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LINCOLN NATIONAL CORP.

Ticker:       LNC            Security ID:  534187109
Meeting Date: JUN 9, 2006    Meeting Type: Annual
Record Date:  APR 18, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Jon A. Boscia              For       For        Management
1.2   Elect Director George W. Henderson, III   For       For        Management
1.3   Elect Director Eric G. Johnson            For       For        Management
1.4   Elect Director M. Leanne Lachman          For       For        Management
1.5   Elect Director Isaiah Tidwell             For       For        Management
2     Ratify Auditors                           For       For        Management


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LINCOLN NATIONAL CORP.

Ticker:       LNC            Security ID:  534187109
Meeting Date: MAR 20, 2006   Meeting Type: Special
Record Date:  FEB 3, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Issue Shares in Connection with an        For       For        Management
      Acquisition
2     Adjourn Meeting                           For       For        Management


--------------------------------------------------------------------------------



LSI INDUSTRIES, INC.

Ticker:       LYTS           Security ID:  50216C108
Meeting Date: NOV 15, 2005   Meeting Type: Annual
Record Date:  SEP 16, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Gary P. Kreider           For       For        Management
1.2   Elect  Director Dennis B. Meyer           For       For        Management
1.3   Elect  Director Wilfred T. O'Gara         For       For        Management
1.4   Elect  Director Robert J. Ready           For       For        Management
1.5   Elect  Director Mark A. Serrianne         For       For        Management
1.6   Elect  Director James P. Sferra           For       For        Management
2     Ratify Auditors                           For       For        Management


--------------------------------------------------------------------------------


MBIA INC.

Ticker:       MBI            Security ID:  55262C100
Meeting Date: MAY 4, 2006    Meeting Type: Annual
Record Date:  MAR 10, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Joseph W. Brown            For       For        Management
1.2   Elect Director C. Edward Chaplin          For       For        Management
1.3   Elect Director David C. Clapp             For       For        Management
1.4   Elect Director Gary C. Dunton             For       For        Management
1.5   Elect Director Claire L. Gaudiani         For       For        Management
1.6   Elect Director Daniel P. Kearney          For       For        Management
1.7   Elect Director Laurence H. Meyer          For       For        Management
1.8   Elect Director Debra J. Perry             For       For        Management
1.9   Elect Director John A. Rolls              For       For        Management
1.10  Elect Director Jeffery W. Yabuki          For       For        Management
2     Ratify Auditors                           For       For        Management


--------------------------------------------------------------------------------

MBT FINANCIAL CORP.

Ticker:       MBTF           Security ID:  578877102
Meeting Date: MAY 4, 2006    Meeting Type: Annual
Record Date:  MAR 15, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Peter H. Carlton           For       Did Not    Management
                                                          Vote
1.2   Elect Director H. Douglas Chaffin         For       Did Not    Management
                                                          Vote
1.3   Elect Director Joseph S. Daly             For       Did Not    Management
                                                          Vote
1.4   Elect Director Thomas M. Huner            For       Did Not    Management
                                                          Vote
1.5   Elect Director Rocque E. Lipford          For       Did Not    Management
                                                          Vote
1.6   Elect Director William D. Mcintyre, Jr    For       Did Not    Management
                                                          Vote
1.7   Elect Director Michael J. Miller          For       Did Not    Management
                                                          Vote
1.8   Elect Director Debra J. Shah              For       Did Not    Management
                                                          Vote
1.9   Elect Director Philip P. Swy              For       Did Not    Management
                                                          Vote
1.10  Elect Director Karen M. Wilson            For       Did Not    Management
                                                          Vote


--------------------------------------------------------------------------------



MCGRATH RENTCORP

Ticker:       MGRC           Security ID:  580589109
Meeting Date: MAY 31, 2006   Meeting Type: Annual
Record Date:  APR 19, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director William J. Dawson          For       For        Management
1.2   Elect Director Robert C. Hood             For       For        Management
1.3   Elect Director Dennis C. Kakures          For       For        Management
1.4   Elect Director Joan M. McGrath            For       For        Management
1.5   Elect Director Robert P. McGrath          For       For        Management
1.6   Elect Director Dennis P. Stradford        For       For        Management
1.7   Elect Director Ronald H. Zech             For       For        Management
2     Ratify Auditors                           For       For        Management


--------------------------------------------------------------------------------

MDU RESOURCES GROUP, INC.

Ticker:       MDU            Security ID:  552690109
Meeting Date: APR 25, 2006   Meeting Type: Annual
Record Date:  FEB 27, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Richard H. Lewis           For       For        Management
1.2   Elect Director Harry J. Pearce            For       For        Management
1.3   Elect Director Sister T. Welder, O.S.B    For       For        Management
2     Ratify Auditors                           For       For        Management
3     Amend Omnibus Stock Plan                  For       For        Management


--------------------------------------------------------------------------------

MERCANTILE BANKSHARES CORP.

Ticker:       MRBK           Security ID:  587405101
Meeting Date: MAY 9, 2006    Meeting Type: Annual
Record Date:  MAR 17, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director R. Carl Benna              For       For        Management
1.2   Elect Director George L. Bunting, Jr.     For       For        Management
1.3   Elect Director Darrell D. Friedman        For       For        Management
1.4   Elect Director Robert A. Kinsley          For       For        Management
1.5   Elect Director Alexander T. Mason         For       For        Management
1.6   Elect Director Christian H. Poindexter    For       For        Management
1.7   Elect Director James L. Shea              For       For        Management
2     Ratify Auditors                           For       For        Management
3     Approve Executive Incentive Bonus Plan    For       For        Management
4     Increase Authorized Common Stock          For       For        Management


--------------------------------------------------------------------------------



MERCURY GENERAL CORP.

Ticker:       MCY            Security ID:  589400100
Meeting Date: MAY 10, 2006   Meeting Type: Annual
Record Date:  MAR 15, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director George Joseph              For       For        Management
1.2   Elect Director Charles E. Mcclung         For       For        Management
1.3   Elect Director Donald R. Spuehler         For       For        Management
1.4   Elect Director Richard E. Grayson         For       For        Management
1.5   Elect Director Donald P. Newell           For       For        Management
1.6   Elect Director Bruce A. Bunner            For       For        Management
1.7   Elect Director Nathan Bessin              For       For        Management
1.8   Elect Director Michael D. Curtius         For       For        Management
1.9   Elect Director Gabriel Tirador            For       For        Management


--------------------------------------------------------------------------------

MERIDIAN BIOSCIENCE, INC.

Ticker:       VIVO           Security ID:  589584101
Meeting Date: JAN 19, 2006   Meeting Type: Annual
Record Date:  DEC 1, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director James A. Buzard            For       For        Management
1.2   Elect Director John A. Kraeutler          For       For        Management
1.3   Elect Director Gary P. Kreider            For       For        Management
1.4   Elect Director William J. Motto           For       For        Management
1.5   Elect Director David C. Phillips          For       For        Management
1.6   Elect Director Robert J. Ready            For       For        Management
2     Ratify Auditors                           For       For        Management


--------------------------------------------------------------------------------

MGE ENERGY INC

Ticker:       MGEE           Security ID:  55277P104
Meeting Date: MAY 23, 2006   Meeting Type: Annual
Record Date:  MAR 17, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director H. Lee Swanson             For       For        Management
1.2   Elect Director John R. Nevin              For       For        Management
1.3   Elect Director Gary J. Wolter             For       For        Management
2     Ratify Auditors                           For       For        Management


--------------------------------------------------------------------------------



NATIONAL FUEL GAS CO.

Ticker:       NFG            Security ID:  636180101
Meeting Date: FEB 16, 2006   Meeting Type: Annual
Record Date:  DEC 19, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director R. Don Cash               For       For        Management
1.2   Elect  Director George L. Mazanec         For       For        Management
1.3   Elect  Director John F. Riordan           For       For        Management
2     Ratify Auditors                           For       For        Management
3     Amend Non-Employee Director Compensation  Against   Against    Shareholder


--------------------------------------------------------------------------------

NATIONAL RETAIL PROPERTIES, INC.

Ticker:       NNN            Security ID:  202218103
Meeting Date: MAY 11, 2006   Meeting Type: Annual
Record Date:  MAR 10, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director G. Nicholas Beckwith, III  For       For        Management
1.2   Elect Director Kevin B. Habicht           For       For        Management
1.3   Elect Director Clifford R. Hinkle         For       For        Management
1.4   Elect Director Richard B. Jennings        For       For        Management
1.5   Elect Director Ted B. Lanier              For       For        Management
1.6   Elect Director Robert C. Legler           For       For        Management
1.7   Elect Director Craig Macnab               For       For        Management
1.8   Elect Director Robert Martinez            For       For        Management
2     Other Business                            For       For        Management


--------------------------------------------------------------------------------

NICOR INC.

Ticker:       GAS            Security ID:  654086107
Meeting Date: APR 20, 2006   Meeting Type: Annual
Record Date:  FEB 23, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director R.M. Beavers, Jr.          For       For        Management
1.2   Elect Director B.P. Bickner               For       For        Management
1.3   Elect Director J.H. Birdsall, III         For       For        Management
1.4   Elect Director T.A. Donahoe               For       For        Management
1.5   Elect Director B.J. Gaines                For       For        Management
1.6   Elect Director R.A. Jean                  For       For        Management
1.7   Elect Director D.J. Keller                For       For        Management
1.8   Elect Director R.E. Martin                For       For        Management
1.9   Elect Director G.R. Nelson                For       For        Management
1.10  Elect Director J. Rau                     For       For        Management
1.11  Elect Director J.F. Riordan               For       For        Management
1.12  Elect Director R.M. Strobel               For       For        Management
2     Ratify Auditors                           For       For        Management
3     Approve Omnibus Stock Plan                For       For        Management
4     Separate Chairman and CEO Positions       Against   Against    Shareholder


--------------------------------------------------------------------------------



OLD NATIONAL BANCORP

Ticker:       ONB            Security ID:  680033107
Meeting Date: APR 27, 2006   Meeting Type: Annual
Record Date:  FEB 21, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Joseph D. Barnette, Jr.    For       For        Management
1.2   Elect Director Larry E. Dunigan           For       For        Management
1.3   Elect Director Phelps L. Lambert          For       For        Management
1.4   Elect Director Marjorie Z. Soyugenc       For       For        Management
2     Ratify Auditors                           For       For        Management


--------------------------------------------------------------------------------

OLD REPUBLIC INTERNATIONAL CORP.

Ticker:       ORI            Security ID:  680223104
Meeting Date: MAY 26, 2006   Meeting Type: Annual
Record Date:  MAR 21, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Harrington Bischof         For       For        Management
1.2   Elect Director Peter Lardner              For       For        Management
1.3   Elect Director Charles F. Titterton       For       For        Management
1.4   Elect Director Steven R. Walker           For       For        Management
2     Approve Omnibus Stock Plan                For       For        Management


--------------------------------------------------------------------------------

OTTER TAIL CORPORATION

Ticker:       OTTR           Security ID:  689648103
Meeting Date: APR 10, 2006   Meeting Type: Annual
Record Date:  FEB 15, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Karen M. Bohn              For       For        Management
1.2   Elect Director Edward J. Mcintyre         For       For        Management
1.3   Elect Director Joyce Nelson Schuette      For       For        Management
2     Ratify Auditors                           For       For        Management
3     Amend Qualified Employee Stock Purchase   For       For        Management
      Plan
4     Amend Omnibus Stock Plan                  For       For        Management


--------------------------------------------------------------------------------

PARK NATIONAL CORP.

Ticker:       PRK            Security ID:  700658107
Meeting Date: APR 17, 2006   Meeting Type: Annual
Record Date:  FEB 22, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director James J. Cullers           For       For        Management
1.2   Elect Director William T. McConnell       For       For        Management
1.3   Elect Director Michael J. Menzer          For       For        Management
1.4   Elect Director William A. Phillips        For       For        Management
2     Amend Articles/Bylaws/Require Written and For       For        Management
      Electronic Notices of Shareholders
      Meeting
3     Amend Articles/Bylaws/To Permit           For       For        Management
      Electronic Voting of Shareholder Proxies


--------------------------------------------------------------------------------



PEOPLES BANK

Ticker:       PBCT           Security ID:  710198102
Meeting Date: APR 20, 2006   Meeting Type: Annual
Record Date:  MAR 1, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director George P. Carter           For       For        Management
1.2   Elect Director Jerry Franklin             For       For        Management
1.3   Elect Director Eunice S. Groark           For       For        Management
1.4   Elect Director James A. Thomas            For       For        Management
2     Amend Nonemployee Director Restricted     For       For        Management
      Stock Plan


--------------------------------------------------------------------------------

PEOPLES ENERGY CORP.

Ticker:       PGL            Security ID:  711030106
Meeting Date: FEB 24, 2006   Meeting Type: Annual
Record Date:  DEC 27, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Keith E. Bailey           For       For        Management
1.2   Elect  Director James R. Boris            For       For        Management
1.3   Elect  Director William J. Brodsky        For       For        Management
1.4   Elect  Director Pastora San Juan Cafferty For       For        Management
1.5   Elect  Director Diana S. Ferguson         For       For        Management
1.6   Elect  Director John W. Higgins           For       For        Management
1.7   Elect  Director Dipak C. Jain             For       For        Management
1.8   Elect  Director Michael E. Lavin          For       For        Management
1.9   Elect  Director Homer J. Livingston       For       For        Management
1.10  Elect  Director Thomas M. Patrick         For       For        Management
1.11  Elect  Director Richard P. Toft           For       For        Management
2     Ratify Auditors                           For       For        Management


--------------------------------------------------------------------------------

PIEDMONT NATURAL GAS CO., INC.

Ticker:       PNY            Security ID:  720186105
Meeting Date: MAR 3, 2006    Meeting Type: Annual
Record Date:  JAN 10, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director John W. Harris            For       For        Management
1.2   Elect  Director Aubrey B. Harwell, Jr.    For       For        Management
1.3   Elect  Director David E. Shi              For       For        Management
2     Ratify Auditors                           For       For        Management
3     Increase Authorized Common Stock          For       For        Management
4     Approve Omnibus Stock Plan                For       For        Management


--------------------------------------------------------------------------------



PIER 1 IMPORTS, INC

Ticker:       PIR            Security ID:  720279108
Meeting Date: JUN 22, 2006   Meeting Type: Annual
Record Date:  APR 24, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Marvin J. Girouard         For       For        Management
1.2   Elect Director James M. Hoak, Jr.         For       For        Management
1.3   Elect Director Tom M. Thomas              For       For        Management
1.4   Elect Director John H. Burgoyne           For       For        Management
1.5   Elect Director Michael R. Ferrari         For       For        Management
1.6   Elect Director Karen W. Katz              For       For        Management
1.7   Elect Director Terry E. London            For       For        Management
2     Approve Omnibus Stock Plan                For       For        Management


--------------------------------------------------------------------------------

PINNACLE WEST CAPITAL CORP.

Ticker:       PNW            Security ID:  723484101
Meeting Date: MAY 17, 2006   Meeting Type: Annual
Record Date:  MAR 20, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Jack E. Davis              For       For        Management
1.2   Elect Director Pamela Grant               For       For        Management
1.3   Elect Director Martha O. Hesse            For       For        Management
1.4   Elect Director William S. Jamieson, Jr.   For       For        Management
2     Ratify Auditors                           For       For        Management
3     Declassify the Board of Directors         Against   Against    Shareholder


--------------------------------------------------------------------------------

POPULAR INC.

Ticker:       BPOP           Security ID:  733174106
Meeting Date: APR 28, 2006   Meeting Type: Annual
Record Date:  MAR 9, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Juan J. Bermudez           For       For        Management
1.2   Elect Director Richard L. Carrion         For       For        Management
1.3   Elect Director Francisco M. Rexach Jr.    For       For        Management


--------------------------------------------------------------------------------



R. R. DONNELLEY & SONS CO.

Ticker:       RRD            Security ID:  257867101
Meeting Date: MAY 25, 2006   Meeting Type: Annual
Record Date:  APR 1, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Thomas S. Johnson          For       For        Management
1.2   Elect Director John C. Pope               For       For        Management
1.3   Elect Director Lionel H. Schipper, C.M.   For       For        Management
1.4   Elect Director Norman H. Wesley           For       For        Management
2     Ratify Auditors                           For       For        Management
3     Declassify the Board of Directors         Against   Against    Shareholder


--------------------------------------------------------------------------------

REPUBLIC BANCORP, INC.

Ticker:       RBNC           Security ID:  760282103
Meeting Date: APR 26, 2006   Meeting Type: Annual
Record Date:  MAR 8, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Jerry D. Campbell          For       For        Management
1.2   Elect Director Dana M. Cluckey            For       For        Management
1.3   Elect Director George J. Butvilas         For       For        Management
1.4   Elect Director Richard J. Cramer, Sr.     For       For        Management
1.5   Elect Director Barry J. Eckhold           For       For        Management
1.6   Elect Director Gary Hurand                For       For        Management
1.7   Elect Director Dennis J. Ibold            For       For        Management
1.8   Elect Director John J. Lennon             For       For        Management
1.9   Elect Director Kelly E. Miller            For       For        Management
1.10  Elect Director Randolph P. Piper          For       For        Management
1.11  Elect Director Dr. Isaac J. Powell        For       For        Management
1.12  Elect Director William C. Rands III       For       For        Management
1.13  Elect Director Dr. Jeoffrey K. Stross     For       For        Management
1.14  Elect Director Steven E. Zack             For       For        Management


--------------------------------------------------------------------------------

RPM INTERNATIONAL INC.

Ticker:       RPM            Security ID:  749685103
Meeting Date: OCT 7, 2005    Meeting Type: Annual
Record Date:  AUG 12, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Dr. Max D. Amstutz        For       For        Management
1.2   Elect  Director Charles A. Ratner         For       For        Management
1.3   Elect  Director William B. Summers, Jr.   For       For        Management
1.4   Elect  Director Dr. Jerry Sue Thornton    For       For        Management


--------------------------------------------------------------------------------



S&T BANCORP, INC.

Ticker:       STBA           Security ID:  783859101
Meeting Date: APR 17, 2006   Meeting Type: Annual
Record Date:  FEB 27, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director John J. Delaney            For       For        Management
1.2   Elect Director Michael J. Donnelly        For       For        Management
1.3   Elect Director Frank W. Jones             For       For        Management
1.4   Elect Director Christine J. Olson         For       For        Management
1.5   Elect Director Alan Papernick             For       For        Management
1.6   Elect Director Myles D. Sampson           For       For        Management


--------------------------------------------------------------------------------

SERVICEMASTER COMPANY, THE

Ticker:       SVM            Security ID:  81760N109
Meeting Date: MAY 5, 2006    Meeting Type: Annual
Record Date:  MAR 8, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Eileen A. Kamerick         For       For        Management
1.2   Elect Director J. Patrick Spainhour       For       For        Management
1.3   Elect Director David K. Wessner           For       For        Management
2     Approve/Amend Executive Incentive Bonus   For       For        Management
      Plan
3     Ratify Auditors                           For       For        Management
4     Declassify the Board of Directors         None      Against    Shareholder
5     Report on Toxic Substances                Against   Against    Shareholder


--------------------------------------------------------------------------------

SHERWIN-WILLIAMS CO., THE

Ticker:       SHW            Security ID:  824348106
Meeting Date: APR 19, 2006   Meeting Type: Annual
Record Date:  MAR 3, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Fix Number of and Elect Director A.F.     For       For        Management
      ANTON
1.2   Elect Director J.C. Boland                For       For        Management
1.3   Elect Director C.M. Connor                For       For        Management
1.4   Elect Director D.E. Evans                 For       For        Management
1.5   Elect Director D.F. Hodnik                For       For        Management
1.6   Elect Director S.J. Kropt                 For       For        Management
1.7   Elect Director R.W. Mahoney               For       For        Management
1.8   Elect Director G.E. McCullough            For       For        Management
1.9   Elect Director A.M. Mixon, III            For       For        Management
1.10  Elect Director C.E. Moll                  For       For        Management
1.11  Elect Director R.K. Smucker               For       For        Management
2     Approve Omnibus Stock Plan                For       For        Management
3     Approve Non-Employee Director Omnibus     For       For        Management
      Stock Plan
4     Ratify Auditors                           For       For        Management


--------------------------------------------------------------------------------



SKY FINANCIAL GROUP, INC.

Ticker:       SKYF           Security ID:  83080P103
Meeting Date: APR 19, 2006   Meeting Type: Annual
Record Date:  FEB 21, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director George N. Chandler Ii      For       For        Management
1.2   Elect Director Robert C. Duvall           For       For        Management
1.3   Elect Director D. James Hilliker          For       For        Management
1.4   Elect Director Gregory L. Ridler          For       For        Management
1.5   Elect Director Emerson J. Ross, Jr.       For       For        Management


--------------------------------------------------------------------------------

SONOCO PRODUCTS CO.

Ticker:       SON            Security ID:  835495102
Meeting Date: APR 19, 2006   Meeting Type: Annual
Record Date:  FEB 17, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director H.E. Deloach, Jr.          For       For        Management
1.2   Elect Director E.H. Lawton, III           For       For        Management
1.3   Elect Director J.M. Micali                For       For        Management
1.4   Elect Director P.L. Davies                For       For        Management
1.5   Elect Director J.E. Linville              For       For        Management
1.6   Elect Director M.D. Oken                  For       For        Management


--------------------------------------------------------------------------------

STANLEY WORKS, THE

Ticker:       SWK            Security ID:  854616109
Meeting Date: APR 26, 2006   Meeting Type: Annual
Record Date:  FEB 28, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Eileen S. Kraus            For       For        Management
1.2   Elect Director Lawrence A. Zimmerman      For       For        Management
2     Ratify Auditors                           For       For        Management
3     Approve Executive Incentive Bonus Plan    For       For        Management
4     Amend Omnibus Stock Plan                  For       For        Management
5     Declassify the Board of Directors         Against   Against    Shareholder


--------------------------------------------------------------------------------

STERLING BANCORP

Ticker:       STL            Security ID:  859158107
Meeting Date: MAY 2, 2006    Meeting Type: Annual
Record Date:  MAR 24, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Robert Abrams              For       For        Management
1.2   Elect Director Joseph M. Adamko           For       For        Management
1.3   Elect Director Louis J. Cappelli          For       For        Management
1.4   Elect Director Walter Feldesman           For       For        Management
1.5   Elect Director Fernando Ferrer            For       For        Management
1.6   Elect Director Allan F. Hershfield        For       For        Management
1.7   Elect Director Henry J. Humphreys         For       For        Management
1.8   Elect Director Robert W. Lazar            For       For        Management
1.9   Elect Director John C. Millman            For       For        Management
1.10  Elect Director Eugene Rossides            For       For        Management
2     Amend Executive Incentive Bonus Plan      For       For        Management


--------------------------------------------------------------------------------



STERLING FINANCIAL CORP. (PA)

Ticker:       SLFI           Security ID:  859317109
Meeting Date: MAY 2, 2006    Meeting Type: Annual
Record Date:  MAR 3, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Michael A. Carenzo         For       For        Management
1.2   Elect Director Anthony D. Chivinski       For       For        Management
1.3   Elect Director J. Roger Moyer, Jr.        For       For        Management
1.4   Elect Director W. Garth Sprecher          For       For        Management
2     Approve Omnibus Stock Plan                For       For        Management
3     Ratify Auditors                           For       For        Management


--------------------------------------------------------------------------------

SUN COMMUNITIES, INC.

Ticker:       SUI            Security ID:  866674104
Meeting Date: MAY 25, 2006   Meeting Type: Annual
Record Date:  APR 12, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Ted J. Simon               For       For        Management
1.2   Elect Director Paul D. Lapides            For       For        Management


--------------------------------------------------------------------------------

SUPERIOR INDUSTRIES INTERNATIONAL, INC.

Ticker:       SUP            Security ID:  868168105
Meeting Date: MAY 12, 2006   Meeting Type: Annual
Record Date:  MAR 27, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Jack H. Parkinson          For       For        Management
1.2   Elect Director Philip W. Colburn          For       For        Management
1.3   Elect Director R. Jeffrey Ornstein        For       For        Management


--------------------------------------------------------------------------------

SUPERVALU INC.

Ticker:       SVU            Security ID:  868536103
Meeting Date: JUN 28, 2006   Meeting Type: Annual
Record Date:  MAY 19, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Director Irwin Cohen                For       For        Management
2     Elect Director Ronald E. Daly             For       For        Management
3     Elect Director Lawrence A. Del Santo      For       For        Management
4     Elect Director Susan E. Engel             For       For        Management
5     Elect Director Philip L. Francis          For       For        Management
6     Ratify Auditors                           For       For        Management


--------------------------------------------------------------------------------



SUPERVALU INC.

Ticker:       SVU            Security ID:  868536103
Meeting Date: MAY 30, 2006   Meeting Type: Special
Record Date:  APR 21, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Issue Shares in Connection with an        For       For        Management
      Acquisition
2     Adjourn Meeting                           For       For        Management


--------------------------------------------------------------------------------

SUSQUEHANNA BANCSHARES, INC.

Ticker:       SUSQ           Security ID:  869099101
Meeting Date: MAY 3, 2006    Meeting Type: Annual
Record Date:  MAR 17, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Michael A. Morello         For       For        Management
1.2   Elect Director Henry H. Gibbel            For       For        Management
1.3   Elect Director Bruce A. Hepburn           For       For        Management
1.4   Elect Director M. Zev Rose                For       For        Management
1.5   Elect Director Roger V. Wiest             For       For        Management
2     Amend Qualified Employee Stock Purchase   For       For        Management
      Plan


--------------------------------------------------------------------------------

TANGER FACTORY OUTLET CENTERS, INC.

Ticker:       SKT            Security ID:  875465106
Meeting Date: MAY 12, 2006   Meeting Type: Annual
Record Date:  MAR 27, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Stanley K. Tanger          For       For        Management
1.2   Elect Director Steven B. Tanger           For       For        Management
1.3   Elect Director Jack Africk                For       For        Management
1.4   Elect Director William G. Benton          For       For        Management
1.5   Elect Director Thomas E. Robinson         For       For        Management
1.6   Elect Director Allan L. Schuman           For       For        Management


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TCF FINANCIAL CORP.

Ticker:       TCB            Security ID:  872275102
Meeting Date: APR 26, 2006   Meeting Type: Annual
Record Date:  FEB 27, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director William F. Bieber          For       For        Management
1.2   Elect Director Gerald A. Schwalbach       For       For        Management
1.3   Elect Director Douglas A. Scovanner       For       For        Management
2     Amend Nonqualified Employee Stock         For       For        Management
      Purchase Plan
3     Ratify Auditors                           For       For        Management


--------------------------------------------------------------------------------

TD BANKNORTH, INC.

Ticker:       BNK            Security ID:  87235A101
Meeting Date: MAY 9, 2006    Meeting Type: Annual
Record Date:  MAR 17, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Robert G. Clarke           For       For        Management
1.2   Elect Director P. Kevin Condron           For       For        Management
1.3   Elect Director John Otis Drew             For       For        Management
1.4   Elect Director Brian Flynn                For       For        Management
1.5   Elect Director Joanna T. Lau              For       For        Management
1.6   Elect Director Dana S. Levenson           For       For        Management
1.7   Elect Director Steven T. Martin           For       For        Management
1.8   Elect Director John M. Naughton           For       For        Management
1.9   Elect Director Irving E. Rogers, III      For       For        Management
1.10  Elect Director David A. Rosow             For       For        Management
1.11  Elect Director William J. Ryan            For       For        Management
1.12  Elect Director Curtis M. Scribner         For       For        Management
1.13  Elect Director Peter G. Vigue             For       For        Management
1.14  Elect Director Gerry S. Weidema           For       For        Management
2     Ratify Auditors                           For       For        Management


--------------------------------------------------------------------------------

UGI CORP.

Ticker:       UGI            Security ID:  902681105
Meeting Date: FEB 22, 2006   Meeting Type: Annual
Record Date:  DEC 9, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director J.W. Stratton              For       For        Management
1.2   Elect Director S.D. Ban                   For       For        Management
1.3   Elect Director R.C. Gozon                 For       For        Management
1.4   Elect Director L.R. Greenberg             For       For        Management
1.5   Elect Director M.O. Schlanger             For       For        Management
1.6   Elect Director A. Pol                     For       For        Management
1.7   Elect Director E.E. Jones                 For       For        Management
1.8   Elect Director J.L. Walsh                 For       For        Management
1.9   Elect Director R.B. Vincent               For       For        Management
2     Ratify Auditors                           For       For        Management


--------------------------------------------------------------------------------



UNITED BANKSHARES, INC.

Ticker:       UBSI           Security ID:  909907107
Meeting Date: MAY 15, 2006   Meeting Type: Annual
Record Date:  MAR 27, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Richard M. Adams           For       For        Management
1.2   Elect Director Robert G. Astorg           For       For        Management
1.3   Elect Director Thomas J. Blair, III       For       For        Management
1.4   Elect Director W. Gaston Caperton, III    For       Withhold   Management
1.5   Elect Director Lawrence K. Doll           For       For        Management
1.6   Elect Director Theodore J. Georgelas      For       Withhold   Management
1.7   Elect Director F.T. Graff, Jr.            For       For        Management
1.8   Elect Director Russell L. Isaacs          For       For        Management
1.9   Elect Director John M. McMahon            For       For        Management
1.10  Elect Director J. Paul McNamara           For       For        Management
1.11  Elect Director G. Ogden Nutting           For       For        Management
1.12  Elect Director William C. Pitt, III       For       For        Management
1.13  Elect Director I.N. Smith, Jr.            For       For        Management
1.14  Elect Director Mary K. Weddle             For       For        Management
1.15  Elect Director P. Clinton Winter, Jr.     For       For        Management
2     Approve Stock Option Plan                 For       For        Management
3     Ratify Auditors                           For       For        Management
4     Other Business                            For       For        Management


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UNITED DOMINION REALTY TRUST, INC.

Ticker:       UDR            Security ID:  910197102
Meeting Date: MAY 2, 2006    Meeting Type: Annual
Record Date:  MAR 17, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Katherine A. Cattanach     For       For        Management
1.2   Elect Director Eric J. Foss               For       For        Management
1.3   Elect Director Robert P. Freeman          For       For        Management
1.4   Elect Director Jon A. Grove               For       For        Management
1.5   Elect Director James D. Klingbeil         For       For        Management
1.6   Elect Director Robert C. Larson           For       For        Management
1.7   Elect Director Thomas R. Oliver           For       For        Management
1.8   Elect Director Lynne B. Sagalyn           For       For        Management
1.9   Elect Director Mark J. Sandler            For       For        Management
1.10  Elect Director Thomas W. Toomey           For       For        Management
1.11  Elect Director Thomas C. Wajnert          For       For        Management
2     Ratify Auditors                           For       For        Management
3     Amend Omnibus Stock Plan                  For       For        Management


--------------------------------------------------------------------------------



UNIVERSAL CORP.

Ticker:       UVV            Security ID:  913456109
Meeting Date: AUG 2, 2005    Meeting Type: Annual
Record Date:  JUN 24, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Allen B. King             For       For        Management
1.2   Elect  Director Eddie N. Moore, Jr.       For       For        Management
1.3   Elect  Director Hubert R. Stallard        For       For        Management


--------------------------------------------------------------------------------

UNIVERSAL HEALTH REALTY INCOME TRUST

Ticker:       UHT            Security ID:  91359E105
Meeting Date: JUN 1, 2006    Meeting Type: Annual
Record Date:  APR 21, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director James E. Dalton, Jr        For       For        Management
2     Separate Chairman and CEO Positions       Against   For        Shareholder


--------------------------------------------------------------------------------

VALLEY NATIONAL BANCORP

Ticker:       VLY            Security ID:  919794107
Meeting Date: APR 5, 2006    Meeting Type: Annual
Record Date:  FEB 17, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Andrew B. Abramson         For       For        Management
1.2   Elect Director Pamela R. Bronander        For       For        Management
1.3   Elect Director Eric P. Edelstein          For       For        Management
1.4   Elect Director Mary J. Steele Guilfoile   For       For        Management
1.5   Elect Director H. Dale Hemmerdinger       For       For        Management
1.6   Elect Director Graham O. Jones            For       For        Management
1.7   Elect Director Walter H. Jones, III       For       For        Management
1.8   Elect Director Gerald Korde               For       For        Management
1.9   Elect Director Michael L. LaRusso         For       For        Management
1.10  Elect Director Gerald H. Lipkin           For       For        Management
1.11  Elect Director Robinson Markel            For       For        Management
1.12  Elect Director Robert E. McEntee          For       For        Management
1.13  Elect Director Richard S. Miller          For       For        Management
1.14  Elect Director Barnett Rukin              For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Other Business                            For       For        Management


--------------------------------------------------------------------------------

VECTREN CORP.

Ticker:       VVC            Security ID:  92240G101
Meeting Date: APR 26, 2006   Meeting Type: Annual
Record Date:  MAR 3, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director John M. Dunn               For       For        Management
1.2   Elect Director Niel C. Ellerbrook         For       For        Management
1.3   Elect Director Anton H. George            For       For        Management
1.4   Elect Director Robert L. Koch Ii          For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Ratify Auditors                           For       For        Management


--------------------------------------------------------------------------------



VF CORP.

Ticker:       VFC            Security ID:  918204108
Meeting Date: APR 25, 2006   Meeting Type: Annual
Record Date:  MAR 7, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Robert J. Hurst            For       For        Management
1.2   Elect Director W. Alan McCollough         For       For        Management
1.3   Elect Director M. Rust Sharp              For       For        Management
1.4   Elect Director Raymond G. Viault          For       For        Management
2     Ratify Auditors                           For       For        Management


--------------------------------------------------------------------------------

VULCAN MATERIALS CO.

Ticker:       VMC            Security ID:  929160109
Meeting Date: MAY 12, 2006   Meeting Type: Annual
Record Date:  MAR 21, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Orin R. Smith              For       For        Management
1.2   Elect Director Philip W. Farmer           For       For        Management
1.3   Elect Director H. Allen Franklin          For       For        Management
1.4   Elect Director James V. Napier            For       For        Management
2     Approve Omnibus Stock Plan                For       For        Management
3     Ratify Auditors                           For       For        Management


--------------------------------------------------------------------------------

W.W. GRAINGER, INC.

Ticker:       GWW            Security ID:  384802104
Meeting Date: APR 26, 2006   Meeting Type: Annual
Record Date:  MAR 6, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Brian P. Anderson          For       For        Management
1.2   Elect Director Wilbur H. Gantz            For       For        Management
1.3   Elect Director David W. Grainger          For       For        Management
1.4   Elect Director V. Ann Hailey              For       For        Management
1.5   Elect Director William K. Hall            For       For        Management
1.6   Elect Director Richard L. Keyser          For       For        Management
1.7   Elect Director Stuart L. Levenick         For       For        Management
1.8   Elect Director John W. Mccarter, Jr.      For       For        Management
1.9   Elect Director Neil S. Novich             For       For        Management
1.10  Elect Director Michael J. Roberts         For       For        Management
1.11  Elect Director Gary L. Rogers             For       For        Management
1.12  Elect Director James D. Slavik            For       For        Management
1.13  Elect Director Harold B. Smith            For       For        Management
2     Ratify Auditors                           For       For        Management


--------------------------------------------------------------------------------



WASHINGTON FEDERAL, INC.

Ticker:       WFSL           Security ID:  938824109
Meeting Date: JAN 18, 2006   Meeting Type: Annual
Record Date:  NOV 25, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Thomas J. Kelley           For       For        Management
1.2   Elect Director John F. Clearman           For       For        Management
1.3   Elect Director H. Dennis Halvorson        For       For        Management
1.4   Elect Director Roy M. Whitehead           For       For        Management
2     Ratify Auditors                           For       For        Management


--------------------------------------------------------------------------------

WASHINGTON REAL ESTATE INVESTMENT TRUST

Ticker:       WRE            Security ID:  939653101
Meeting Date: MAY 26, 2006   Meeting Type: Annual
Record Date:  MAR 16, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Mr. John M. Derrick Jr.    For       For        Management
1.2   Elect Director Mr. Charles T. Nason       For       For        Management
2     Approve Increase in Size of Board         For       For        Management


--------------------------------------------------------------------------------

WASHINGTON TRUST BANCORP, INC.

Ticker:       WASH           Security ID:  940610108
Meeting Date: APR 25, 2006   Meeting Type: Annual
Record Date:  FEB 24, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Steven J. Crandall         For       For        Management
1.2   Elect Director Victor J. Orsinger, II     For       For        Management
1.3   Elect Director Patrick J. Shanahan, Jr    For       For        Management
1.4   Elect Director James P. Sullivan          For       For        Management
1.5   Elect Director Neil H. Thorp              For       For        Management
2     Ratify Auditors                           For       For        Management


--------------------------------------------------------------------------------

WEINGARTEN REALTY INVESTORS

Ticker:       WRI            Security ID:  948741103
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   For        Shareholder


--------------------------------------------------------------------------------



WESBANCO, INC.

Ticker:       WSBC           Security ID:  950810101
Meeting Date: APR 19, 2006   Meeting Type: Annual
Record Date:  MAR 7, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Ray A. Byrd                For       For        Management
1.2   Elect Director James D. Entress           For       For        Management
1.3   Elect Director Ernest S. Fragale          For       For        Management
1.4   Elect Director Edward M. George           For       For        Management
1.5   Elect Director Carter W. Strauss          For       Withhold   Management
1.6   Elect Director Reed J. Tanner             For       For        Management
1.7   Elect Director Paul M. Limbert            For       For        Management
2     Maximize Shareholder Value                Against   Against    Shareholder


--------------------------------------------------------------------------------

WGL HOLDINGS, INC.

Ticker:       WGL            Security ID:  92924F106
Meeting Date: MAR 1, 2006    Meeting Type: Annual
Record Date:  JAN 10, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Michael D. Barnes          For       For        Management
1.2   Elect Director George P. Clancy, Jr.      For       For        Management
1.3   Elect Director James H. DeGraffenreidt,   For       For        Management
      Jr.
1.4   Elect Director James W. Dyke, Jr.         For       For        Management
1.5   Elect Director Melvyn J. Estrin           For       For        Management
1.6   Elect Director James F. Lafond            For       For        Management
1.7   Elect Director Debra L. Lee               For       For        Management
1.8   Elect Director Karen Hastie Williams      For       For        Management
2     Ratify Auditors                           For       For        Management
3     Provide for Cumulative Voting             Against   Against    Shareholder
4     Provide for an Independent Chairman       Against   Against    Shareholder


--------------------------------------------------------------------------------



WILMINGTON TRUST CORP.

Ticker:       WL             Security ID:  971807102
Meeting Date: APR 20, 2006   Meeting Type: Annual
Record Date:  FEB 21, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Ted T. Cecala              For       For        Management
1.2   Elect Director David P. Roselle           For       For        Management


--------------------------------------------------------------------------------

WPS RESOURCES CORP.

Ticker:       WPS            Security ID:  92931B106
Meeting Date: MAY 18, 2006   Meeting Type: Annual
Record Date:  MAR 23, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director K.M. Hasselblad-Pascale    For       For        Management
1.2   Elect Director William F. Protz, Jr.      For       For        Management
1.3   Elect Director Larry L. Weyers            For       For        Management
2     Ratify Auditors                           For       For        Management




                                   SIGNATURES

         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.


                                   BlackRock Strategic Dividend Achievers Trust



                    by /s/ Robert S. Kapito
                      ---------------------------
                      Robert S. Kapito
                      Principal Executive Officer

Date:  August 26, 2006