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 No. 811-21876
First Trust Tax-Advantaged Preferred Income Fund
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Exact Name of Registrant as Specified in Declaration of Trust
1001 Warrenville Road, Suite 300, Lisle, Illinois 60532
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Address of Principal Executive Offices (Number, Street, City, State, Zip Code)
W. Scott Jardine
First Trust Portfolios L.P.
1001 Warrenville Road, Suite 300
Lisle, Illinois 60532
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Name and Address (Number, Street, City, State, Zip Code) of Agent for Service
(630) 241-4141
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Registrant's Telephone Number, including Area Code
Date of fiscal year end: October 31
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Date of reporting period: July 1, 2007 - June 30, 2008
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Form N-PX is to be used by a registered management investment company, other
than a small business investment company registered on Form N-5 (ss.ss. 239.24
and 274.5 of this chapter), to file reports with the Commission, not later than
August 31 of each year, containing the registrant's proxy voting record for the
most recent twelve-month period ended June 30, pursuant to section 30 of the
Investment Company Act of 1940 and rule 30b1-4 thereunder (17 CFR 270.30b1-4).
The Commission may use the information provided on Form N-PX in its regulatory,
disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-PX, and
the Commission will make this information public. A registrant is not required
to respond to the collection of information contained in Form N-PX unless the
Form displays a currently valid Office of Management and Budget ("OMB") control
number. Please direct comments concerning the accuracy of the information
collection burden estimate and any suggestions for reducing the burden to the
Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington
D.C. 20549. The OMB has reviewed this collection of information under the
clearance requirements of 44 U.S.C. ss. 3507.
Item 1. Proxy Voting Record
Proposed
Identification of Mgmt or For or For or
Issuer (Canadian Income Exchange Shareholder by security Against Against
Trusts) Symbol CUSIP Meeting Date Matter voted on holder Vote Cast Prosposal Management
------------------------ --------------- --------- ------------ --------------------- -------- --------- --------- ----------
Atlantic Power Corp. atp-u cn equity 04878Q400 6/4/2008 Elect Irving Gerstein,
Kenneth Hartwick, John
McNeil, Barry Welch and
William Whitman as
Directors Mgmt Yes For For
Approve KPMG LLP as
Auditors and Authorize
Board to Fix Their
Remuneration Mgmt Yes For For
Amend Long Term
Incentive Plan Mgmt Yes Against Against
BFI Canada Income Fund bfc-u cn equity 55390108 5/13/2008 Elect Trustee Keith
Carrigan Mgmt Yes For For
Elect Trustee Charles F.
Flood Mgmt Yes For For
Elect Trustee Joseph
Wright Mgmt Yes For For
Elect Trustee Douglas
Knight Mgmt Yes For For
Elect Trustee James
Forese Mgmt Yes For For
Elect Trustee Daniel
Milliard Mgmt Yes For For
Approve Deloitte &
Touche LLP as Auditors
and Authorize Board to
Fix Remuneration of
Auditors Mgmt Yes For For
Amend Fund Unit Option
Plan Mgmt Yes For For
BlackRock Liquidity Funds mftxx equity 09248U817 9/7/2007 Elect Director David
O. Beim Mgmt Yes For For
Elect Director Ronald
W. Forbes Mgmt Yes For For
Elect Director Dr.
Matina Horner Mgmt Yes For For
Elect Director Rodney
D. Johnson Mgmt Yes For For
Elect Director Herbert
I. London Mgmt Yes For For
Elect Director Cynthia
A. Montgomery Mgmt Yes For For
Elect Director Joseph
P. Platt, Jr. Mgmt Yes For For
Elect Director Robert
C. Robb, Jr. Mgmt Yes For For
Elect Director Toby
Rosenblatt Mgmt Yes For For
Elect Director Kenneth
L. Urish Mgmt Yes For For
Elect Director
Frederick W. Winter Mgmt Yes For For
Elect Director Richard
S. Davis Mgmt Yes For For
Elect Director Henry
Gabbay Mgmt Yes For For
Crescent Point Energy cpg-u cn equity 225908102 5/30/2008 Fix Number of Directors
Trust of Crescent Point
Resources Inc. at Seven Mgmt Yes For For
Elect Peter Bannister as
Director of Crescent
Point Resources Inc. Mgmt Yes For For
Elect Paul Colborne as
Director of Crescent
Point Resources Inc. Mgmt Yes For For
Elect Kenney F. Cugnet
as Director of Crescent
Point Resources Inc. Mgmt Yes For For
Elect D. Hugh Gillard as
Director of Crescent
Point Resources Inc. Mgmt Yes For For
Elect Gerald A. Romanzin
as Director of Crescent
Point Resources Inc. Mgmt Yes For For
Elect Scott Saxberg as
Director of Crescent
Point Resources Inc. Mgmt Yes For For
Elect Greg Turnbull as
Director of Crescent
Point Resources Inc. Mgmt Yes For For
Approve
PricewaterhouseCoopers
LLP as Auditors and
Authorize Board to Fix
Their Remuneration Mgmt Yes For For
Amend Restricted Unit
Bonus Plan Mgmt Yes Against Against
Page 1
Proposed
Identification of Mgmt or For or For or
Issuer (Canadian Income Exchange Shareholder by security Against Against
Trusts) Symbol CUSIP Meeting Date Matter voted on holder Vote Cast Prosposal Management
------------------------ --------------- --------- ------------ --------------------- -------- --------- --------- ----------
Energy Savings Income if-u cn equity 292717105 6/25/2008 Direct Trustees to Vote
Funds to Elect John A. Brussa,
Michael Kirby, Gordon D.
Giffin, R. Roy McMurtry,
Rebecca MacDonald, Hugh
D. Segal and Brian R.D.
Smith as Directors of
Ontario Energy Savings
Corp. Mgmt Yes For For
Approve KPMG LLP as
Auditors and Authorize
Board to Fix Their
Remuneration Mgmt Yes For For
Genworth Financial, Inc. gnw 37247D403 5/13/2008 Elect Director Frank J.
Borelli Mgmt Yes For For
Elect Director Michael
D. Fraizer Mgmt Yes For For
Elect Director Nancy J.
Karch Mgmt Yes For For
Elect Director J. Robert
(Bob) Kerrey Mgmt Yes For For
Elect Director Risa J.
Lavizzo-Mourey Mgmt Yes For For
Elect Director Saiyid T.
Naqvi Mgmt Yes For For
Elect Director James A.
Parke Mgmt Yes For For
Elect Director James S.
Riepe Mgmt Yes For For
Elect Director Barrett
A. Toan Mgmt Yes For For
Elect Director Thomas B.
Wheeler Mgmt Yes For For
Ratify Auditors Mgmt Yes For For
GMX Resources, Inc. gmxr 38011M405 6/12/2008 Amendment to Certificate
of Designation of the
9.25% Series B
Cumulative Preferred
Stock Mgmt Yes For For
Newalta Income Fund nal-u cn equity 65020R109 5/13/2008 Approve Deloitte &
Touche LLP as Auditors
and Authorize Board to
Fix Their Remuneration Mgmt Yes For For
Elect Alan P. Cadotte,
Robert M. MacDonald, R.
Vance Milligan, Felix
Pardo, R.H. (Dick)
Pinder, Gordon E.
Pridham, Clayton H.
Riddell, Ronald L.
Sifton and Barry D.
Stewart as Trustees Mgmt Yes For For
Approve Shareholder
Rights Plan Mgmt Yes For For
Teranet Income Fund tf-u cn equity 88078Y107 5/14/2008 Elect Jon N. Hagan,
David H. Tsubouchi, John
L. Ronson, Stuart Angus,
Ronald M. Meade, D.R.
(Rick) Reid and
Aristides M.S. Kaplanis
as Trustees Mgmt Yes For For
Approve Deloitte &
Touche LLP as Auditors
and Authorize Board to
Fix Their Remuneration Mgmt Yes For For
Yellow Pages Income Fund ylo-u cn equity 985569102 5/8/2008 Elect Michael T.
Boychuck, John R.
Gaulding, Paul Gobeil,
Michael R. Lambert,
Donald F. Mazankowski,
Anthony G. Miller,
Heather E.L.
Munroe-Blum, Martin
Nisenholtz, Marc L.
Reisch, Stuart H.B.
Smith and Marc P.
Tellier as Trustees Mgmt Yes For For
Approve Deloitte &
Touche LLP as Auditors
and Authorize Board to
Fix Their Remuneration Mgmt Yes For For
Page 2
SIGNATURES
[See General Instruction F]
Pursuant to the requirements of the Investment Company Act of 1940, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
(Registrant) FIRST TRUST TAX-ADVANTAGED PREFERRED
INCOME FUND
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By (Signature and Title)* /s/ James A. Bowen
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James A. Bowen, President
Date August 29, 2008
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* Print the name and title of each signing officer under his or her signature.