FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT
INVESTMENT COMPANY
Investment Company Act file number: File No. 811-7658
Putnam Managed High Yield Trust
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(Exact name of registrant as specified in charter)
One Post Office Square, Boston, Massachusetts 02109
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(Address of principal executive offices)
Beth S. Mazor, Vice President
Putnam Managed High Yield Trust
One Post Office Square
Boston, Massachusetts 02109
Copy To:
John W. Gerstmayr, Esq.
Ropes & Gray LLP
One International Place
Boston, Massachusetts 02110
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(Name and address of agent for service)
Registrant's telephone number, including area code: (617) 292-1000
Date of Fiscal year-end: 5/31
Date of reporting period: 7/1/2003 - 6/30/2004
Item 1. Proxy Voting Record
Account Number: Putnam Managed High Yield Trust
ISSUER NAME TICKER CUSIP MTG DATE MTG TYPE
Proposal Type Voted? Vote For/Agnst Mgmt
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ALDERWOODS GROUP INC 014383103 5/4/04 Annual
1.10 Elect Director Lloyd E. Campbell MGMT YES FOR FOR
1.20 Elect Director Anthony G. Eames MGMT YES FOR FOR
1.30 Elect Director Charles M. Elson MGMT YES FOR FOR
1.40 Elect Director David R. Hilty MGMT YES FOR FOR
1.50 Elect Director Paul A. Houston MGMT YES FOR FOR
1.60 Elect Director Olivia F. Kirtley MGMT YES FOR FOR
1.70 Elect Director John S. Lacey MGMT YES FOR FOR
1.80 Elect Director William R. Riedl MGMT YES FOR FOR
1.90 Elect Director W. Macdonald Snow, Jr. MGMT YES FOR FOR
2.00 Ratify Auditors MGMT YES FOR FOR
Covad Communications Group, Inc COVD 222814204 8/14/03 Annual
1.10 Elect Director Larry Irving MGMT YES FOR FOR
1.20 Elect Director Richard A. Jalkut MGMT YES FOR FOR
1.30 Elect Director Daniel C. Lynch MGMT YES FOR FOR
2.00 Approve Employee Stock Purchase Plan MGMT YES AGNST AGNST
3.00 Ratify Auditors MGMT YES FOR FOR
Covad Communications Group, Inc COVD 222814204 6/10/04 Annual
1.10 Elect Director L. Dale Crandall MGMT YES FOR FOR
1.20 Elect Director Hellene S. Runtagh MGMT YES FOR FOR
2.00 Ratify Auditors MGMT YES FOR FOR
Crown Castle International Corp. CCI 228227104 5/26/04 Annual
1.10 Elect Director Randall A. Hack MGMT YES AGNST AGNST
1.20 Elect Director Edward C. Hutcheson, Jr. MGMT YES AGNST AGNST
1.30 Elect Director J. Landis Martin MGMT YES AGNST AGNST
2.00 Approve Omnibus Stock Plan MGMT YES FOR FOR
3.00 Ratify Auditors MGMT YES FOR FOR
4.00 Implement MacBride Principles SHLDR YES AGNST FOR
Globix Corp. GBIXQ 37957F200 2/24/04 Annual
1.10 Elect Director Peter K. Stevenson MGMT YES AGNST AGNST
1.20 Elect Director Peter S. Brodsky MGMT YES AGNST AGNST
1.30 Elect Director Peter L. Herzig MGMT YES AGNST AGNST
1.40 Elect Director Steven Lampe MGMT YES AGNST AGNST
1.50 Elect Director Steven G. Singer MGMT YES AGNST AGNST
1.60 Elect Director Raymond Steele MGMT YES AGNST AGNST
1.70 Elect Director Steven A. Van Dyke MGMT YES AGNST AGNST
2.00 Amend Stock Option Plan MGMT YES AGNST AGNST
Knology, Inc. KNOL 499183804 5/4/04 Annual
1.10 Elect Director William Laverack, Jr. MGMT YES FOR FOR
1.20 Elect Director Bret D. Pearlman MGMT YES FOR FOR
1.30 Elect Director Alan A. Burgess MGMT YES FOR FOR
1.40 Elect Director Donald W. Burton MGMT YES FOR FOR
1.50 Elect Director William H. Scott, III MGMT YES FOR FOR
2.00 Eliminate Class of Preferred Stock MGMT YES AGNST AGNST
3.00 Amend Articles/Bylaws/Charter-Non-Routine MGMT YES FOR FOR
4.00 Restrict Right to Act by Written Consent MGMT YES AGNST AGNST
5.00 Approve Repricing of Options MGMT YES AGNST AGNST
6.00 Amend Omnibus Stock Plan MGMT YES AGNST AGNST
Leucadia National Corp. LUK 527288104 5/11/04 Annual
1.10 Elect Director Ian M. Cumming MGMT YES FOR FOR
1.20 Elect Director Paul M. Dougan MGMT YES FOR FOR
1.30 Elect Director Lawrence D. Glaubinger MGMT YES FOR FOR
1.40 Elect Director Alan J. Hirschfield MGMT YES FOR FOR
1.50 Elect Director James E. Jordan MGMT YES FOR FOR
1.60 Elect Director Jeffrey C. Keil MGMT YES FOR FOR
1.70 Elect Director Jesse Clyde Nichols III MGMT YES FOR FOR
1.80 Elect Director Joseph S. Steinberg MGMT YES FOR FOR
2.00 Amend Articles to Extend Provisions that Restrict
Accumulation of 5% Common Stock MGMT YES FOR FOR
3.00 Ratify Auditors MGMT YES FOR FOR
Lodgian, Inc. LGN 54021P205 4/8/04 Annual
1.10 Elect Director Sean F. Armstrong MGMT YES FOR FOR
1.20 Elect Director Russel S. Bernard MGMT YES FOR FOR
1.30 Elect Director Stewart J. Brown MGMT YES FOR FOR
1.40 Elect Director Kenneth A. Caplan MGMT YES FOR FOR
1.50 Elect Director Stephen P. Grathwohl MGMT YES FOR FOR
1.60 Elect Director Jonathan D. Gray MGMT YES AGNST AGNST
1.70 Elect Director Kevin C. McTavish MGMT YES FOR FOR
1.80 Elect Director W. Thomas Parrington MGMT YES FOR FOR
2.00 Amend Omnibus Stock Plan MGMT YES FOR FOR
3.00 Approve Reverse Stock Split MGMT YES FOR FOR
4.00 Amend Articles/Bylaws/Charter-Organization-Related MGMT YES FOR FOR
5.00 Ratify Auditors MGMT YES FOR FOR
Lodgian, Inc. LGN 54021P304 4/8/04 Annual
1.00 Approve Reverse Stock Split MGMT YES FOR FOR
2.00 Amend Articles MGMT YES FOR FOR
Mariner Health Care, Inc. MHCA 56845X108 7/30/03 Annual
1.10 Elect Director Victor L. Lund MGMT YES AGNST AGNST
1.20 Elect Director C. Christian Winkle MGMT YES AGNST AGNST
1.30 Elect Director Patrick H. Daugherty MGMT YES AGNST AGNST
1.40 Elect Director Earl P. Holland MGMT YES AGNST AGNST
1.50 Elect Director Philip L. Maslowe MGMT YES AGNST AGNST
1.60 Elect Director Mohsin Y. Meghji MGMT YES AGNST AGNST
1.70 Elect Director M. Edward Stearns MGMT YES AGNST AGNST
Metrocall Holdings, Inc. MTOH 59164X105 9/24/03 Special
1.00 Increase Authorized Common Stock MGMT YES FOR FOR
Increase Authorized Common Stock
2.00 Amend Securities Transfer Restrictions MGMT YES FOR FOR
Amend Securities Transfer Restrictions
3.00 Amend Stock Option Plan MGMT YES AGNST AGNST
Amend Stock Option Plan
Metrocall Holdings, Inc. MTOH 59164X204 9/24/03 Special
1.00 Increase Authorized Common Stock MGMT YES FOR FOR
Increase Authorized Common Stock
2.00 Amend Securities Transfer Restrictions MGMT YES FOR FOR
Amend Securities Transfer Restrictions
3.00 Amend Stock Option Plan MGMT YES AGNST AGNST
Amend Stock Option Plan
Microcell Telecommunication MT.B 5/5/04 Special
1.00 Ratify Ernst & Young as Auditors and Authorise
Board to Fix Remuneration of Auditors. MGMT YES FOR FOR
2.00 The Resolution to Confirm the General By-Law of
the Corporation. MGMT YES AGNST AGNST
3.00 Confirm the Expiration Time Under the Shareholder
Rights Plan of the Corporation. MGMT YES FOR FOR
4.00 Amend Stock Option Plan MGMT YES FOR FOR
Pioneer Companies, Inc. PONR 723643300 5/13/04 Annual
1.10 Elect Director David N. Weinstein MGMT YES FOR FOR
1.20 Elect Director Michael Y. Mcgovern MGMT YES FOR FOR
1.30 Elect Director Marvin E. Lesser MGMT YES FOR FOR
1.40 Elect Director Gary L. Rosenthal MGMT YES FOR FOR
1.50 Elect Director Charles L. Mears MGMT YES FOR FOR
2.00 Ratify Auditors MGMT YES FOR FOR
PTV Inc. 62940R202 1/27/04 Special
1.00 Approve Reverse Stock Split MGMT YES AGNST AGNST
2.00 Change Company Name MGMT YES FOR FOR
Sirius Satellite Radio, Inc. SIRI 82966U103 11/25/03 Annual
1.10 Elect Director Leon D. Black MGMT YES AGNST AGNST
1.20 Elect Director Joseph P. Clayton MGMT YES AGNST AGNST
1.30 Elect Director Lawrence F. Gilberti MGMT YES AGNST AGNST
1.40 Elect Director James P. Holden MGMT YES AGNST AGNST
1.50 Elect Director Warren N. Lieberfarb MGMT YES AGNST AGNST
1.60 Elect Director Michael J. McGuiness MGMT YES AGNST AGNST
1.70 Elect Director James F. Mooney MGMT YES AGNST AGNST
2.00 Amend Omnibus Stock Plan MGMT YES AGNST AGNST
Sterling Chemicals, Inc. SCHI 859166100 4/16/04 Annual
1.10 Elect Director Richard K. Crump MGMT YES AGNST AGNST
Elect Director Richard K. Crump
1.20 Elect Director Peter Ting Kai Wu MGMT YES AGNST AGNST
Elect Director Peter Ting Kai Wu
2.00 Ratify Auditors MGMT YES FOR FOR
Ratify Auditors
Sterling Chemicals, Inc. SCHI 859166AA8 4/16/04 Annual
1.10 Elect Director Richard K. Crump MGMT YES AGNST AGNST
Elect Director Richard K. Crump
1.20 Elect Director Peter Ting Kai Wu MGMT YES AGNST AGNST
Elect Director Peter Ting Kai Wu
2.00 Ratify Auditors MGMT YES FOR FOR
Ratify Auditors
Sun Healthcare Group, Inc. SUNH 866933401 5/19/04 Annual
1.10 Elect Director Gregory S. Anderson MGMT YES FOR FOR
1.20 Elect Director Richard K. Matros MGMT YES FOR FOR
1.30 Elect Director Bruce C. Vladeck, Ph.D. MGMT YES FOR FOR
1.40 Elect Director Milton J. Walters MGMT YES FOR FOR
2.00 Approve Omnibus Stock Plan MGMT YES FOR FOR
3.00 Ratify Auditors MGMT YES FOR FOR
Veltri Metal Products, Inc. (Formerly VS Holdings, Inc.) 918303108 8/13/03 Annual
1.10 Elect Director Joe Colonnetta MGMT YES AGNST AGNST
1.20 Elect Director Michael Veltri MGMT YES AGNST AGNST
Washington Group International Inc WGII 938862208 5/7/04 Annual
1.00 Declassify the Board of Directors MGMT YES FOR FOR
2.10 Elect Director Stephen G. Hanks MGMT YES FOR FOR
2.20 Elect Director Michael P. Monaco MGMT YES FOR FOR
2.30 Elect Director Cordell Reed MGMT YES FOR FOR
2.40 Elect Director Bettina M. Whyte MGMT YES FOR FOR
3.00 Ratify Auditors MGMT YES FOR FOR
4.00 Approve Omnibus Stock Plan MGMT YES AGNST AGNST
Any ballot marked 'Abstain' is considered to have been voted. Ballots
marked 'Abstain' are considered to have been voted against
management's recommendation, regardless of whether the recommendation
is 'For' or 'Against,' except where management has made no
recommendation or has recommended that shareholders 'Abstain.'
Where management has recommended that shareholders 'Abstain' from
voting on a ballot item: 1) a ballot market 'Abstain' is considered to
have been voted for management's recommendation to 'Abstain' and 2) a
ballot voted 'For" or 'Against' is considered to have been voted
against management's recommendation to 'Abstain.'
Where management has made no recommendation on a ballot item, the
abbreviation "N/A" is used to denote that there is no applicable
recommendation compared to which a vote may be 'For' or 'Against' the
recommendation of 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.
Putnam Managed High Yield Trust
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(Registrant)
By: /s/ Charles E. Porter*, Executive Vice President,
Associate Treasurer and Principal Executive Officer
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(Signature & Title)
Date: August 23, 2004
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* By Jonathan S. Horwitz,
pursuant to a Power-of-Attorney