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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING OF REGISTERED MANAGEMENT
INVESTMENT COMPANY
Investment Company Act file number 811-05569
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FRANKLIN UNIVERSAL TRUST
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(Exact name of registrant as specified in charter)
ONE FRANKLIN PARKWAY, SAN MATEO, CA 94403-1906
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(Address of principal executive offices) (Zip code)
CRAIG S. TYLE, ONE FRANKLIN PARKWAY, SAN MATEO, CA 94403-1906
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(Name and address of agent for service)
Registrant's telephone number, including area code: (650) 312-2000
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Date of fiscal year end: 8/31
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Date of reporting period: 6/30/06
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ITEM 1. PROXY VOTING RECORD
ALLIANT ENERGY CORP.
Ticker: LNT Security ID: 018802108
Meeting Date: MAY 12, 2006 Meeting Type: Annual
Record Date: MAR 20, 2006
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Ann K. Newhall For For Management
1.2 Elect Director Dean C. Oestreich For For Management
1.3 Elect Director Carol P. Sanders For For Management
2 Amend Omnibus Stock Plan For For Management
3 Ratify Auditors For For Management
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AMEREN CORPORATION
Ticker: AEE Security ID: 023608102
Meeting Date: MAY 2, 2006 Meeting Type: Annual
Record Date: MAR 6, 2006
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Susan S. Elliott For For Management
1.2 Elect Director Gayle P.W. Jackson For For Management
1.3 Elect Director James C. Johnson For For Management
1.4 Elect Director Richard A. Liddy For For Management
1.5 Elect Director Gordon R. Lohman For For Management
1.6 Elect Director Richard A. Lumpkin For For Management
1.7 Elect Director Charles W. Mueller For For Management
1.8 Elect Director Douglas R. Oberhelman For For Management
1.9 Elect Director Gary L. Rainwater For For Management
1.10 Elect Director Harvey Saligman For For Management
1.11 Elect Director Patrick T. Stokes For For Management
2 Approve Omnibus Stock Plan For For Management
3 Ratify Auditors For For Management
4 Report on Extending the Operating License Against Against Shareholder
at the Callaway Nuclear Power Facility
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AMERICAN ELECTRIC POWER CO.
Ticker: AEP Security ID: 025537101
Meeting Date: APR 25, 2006 Meeting Type: Annual
Record Date: MAR 2, 2006
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director E.R. Brooks For For Management
1.2 Elect Director D.M. Carlton For For Management
1.3 Elect Director R.D. Crosby, Jr. For For Management
1.4 Elect Director J.P. Desbarres For For Management
1.5 Elect Director R.W. Fri For For Management
1.6 Elect Director L.A. Goodspeed For For Management
1.7 Elect Director W.R. Howell For For Management
1.8 Elect Director L.A. Hudson For For Management
1.9 Elect Director M.G. Morris For For Management
1.10 Elect Director L.L. Nowell III For For Management
1.11 Elect Director R.L. Sandor For For Management
1.12 Elect Director D.G. Smith For For Management
1.13 Elect Director K.D. Sullivan For For Management
2 Ratify Auditors For Against Management
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ANGLOGOLD ASHANTI LTD.
Ticker: AU Security ID: 035128206
Meeting Date: APR 10, 2006 Meeting Type: Special
Record Date: MAR 24, 2006
# Proposal Mgt Rec Vote Cast Sponsor
1 RESOLVED AS AN ORDINARY RESOLUTION AND AS For For Management
A SPECIFIC AUTHORITY TO ISSUE SECURITIES
FOR CASH IN TERMS OF THE LISTINGS
REQUIREMENTS OF THE JSE LIMITED ( JSE ),
ALL AS MORE FULLY DESCRIBED IN THE PROXY
STATEMENT.
2 DIRECTORS AUTHORITY TO ALLOT AND ISSUE For For Management
SHARES FOR CASH SUBJECT TO SPECIFIC
AUTHORITY, ALL AS MORE FULLY DESCRIBED IN
THE PROXY STATEMENT.
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ANGLOGOLD ASHANTI LTD.
Ticker: AU Security ID: 035128206
Meeting Date: MAY 5, 2006 Meeting Type: Annual
Record Date: APR 5, 2006
# Proposal Mgt Rec Vote Cast Sponsor
1 ORDINARY RESOLUTION NO. 1 ADOPTION OF For For Management
FINANCIAL STATEMENTS
2.1 Elect Director Mr Fb Arisman For For Management
2.2 Elect Director Mrs E Le R Bradley For For Management
2.3 Elect Director Mr Rp Edey For For Management
2.4 Elect Director Mr Rm Godsell For For Management
2.5 Elect Director Dr Tj Motlatsi For For Management
2.6 Elect Director Mr Re Bannerman For For Management
2.7 Elect Director Mr R Carvalho Silva For For Management
2.8 Elect Director Mr R Medori For For Management
2.9 Elect Director Mr Nf Nicolau For For Management
2.10 Elect Director Mr S Venkatakrishnan For For Management
3 ORDINARY RESOLUTION NO. 12 PLACEMENT OF For For Management
UNISSUED SHARES UNDER THE CONTROL OF THE
DIRECTORS
4 ORDINARY RESOLUTION NO. 13 AUTHORITY TO For For Management
ISSUE SHARES FOR CASH
5 ORDINARY RESOLUTION NO. 14 APPROVAL OF For For Management
REMUNERATION OF THE COMPANY S PRESIDENT
AS NON-EXECUTIVE DIRECTOR
6 SPECIAL RESOLUTION NO. 1 AUTHORITY TO For For Management
ACQUIRE THE COMPANY S OWN SHARES
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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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BARRICK GOLD CORP.
Ticker: ABX. Security ID: 067901108
Meeting Date: MAY 4, 2006 Meeting Type: Annual/Special
Record Date: MAR 16, 2006
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director H.L. Beck For For Management
1.2 Elect Director C.W.D. Birchall For For Management
1.3 Elect Director D.J. Carty For For Management
1.4 Elect Director G. Cisneros For For Management
1.5 Elect Director M.A. Cohen For For Management
1.6 Elect Director P.A. Crossgrove For For Management
1.7 Elect Director J.W. Crow For For Management
1.8 Elect Director R.M. Franklin For For Management
1.9 Elect Director P.C. Godsoe For For Management
1.10 Elect Director J.B. Harvey For For Management
1.11 Elect Director B. Mulroney For For Management
1.12 Elect Director A. Munk For For Management
1.13 Elect Director P. Munk For For Management
1.14 Elect Director J.L. Rotman For For Management
1.15 Elect Director S.J. Shapiro For For Management
1.16 Elect Director G.C. Wilkins For For Management
2 Approve PricewaterhouseCoopers LLP as For For Management
Auditors and Authorize Board to Fix
Remuneration of Auditors
3 Approve Continuance and Arrangement of For For Management
the Corporation
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CENTERPOINT ENERGY INC.
Ticker: CNP Security ID: 15189T107
Meeting Date: MAY 25, 2006 Meeting Type: Annual
Record Date: MAR 27, 2006
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Derrill Cody For For Management
1.2 Elect Director David M. McClanahan For For Management
1.3 Elect Director Robert T. O'Connell For For Management
2 Ratify Auditors For Against Management
3 Approve/Amend Executive Incentive Bonus For For Management
Plan
4 Approve Omnibus Stock Plan For For Management
5 Declassify the Board of Directors Against For Shareholder
6 Other Business Against For Management
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CINERGY CORP.
Ticker: CIN Security ID: 172474108
Meeting Date: MAR 10, 2006 Meeting Type: Special
Record Date: JAN 17, 2006
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Merger Agreement For For Management
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DOMINION RESOURCES, INC.
Ticker: D Security ID: 25746U109
Meeting Date: APR 28, 2006 Meeting Type: Annual
Record Date: FEB 24, 2006
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Peter W. Brown For For Management
1.2 Elect Director Ronald J. Calise For For Management
1.3 Elect Director Thos. E. Capps For For Management
1.4 Elect Director George A. Davidson, Jr. For For Management
1.5 Elect Director Thomas F. Farrell, II For For Management
1.6 Elect Director John W. Harris For For Management
1.7 Elect Director Robert S. Jepson, Jr. For For Management
1.8 Elect Director Mark J. Kington For For Management
1.9 Elect Director Benjamin J. Lambert, III For For Management
1.10 Elect Director Richard L. Leatherwood For For Management
1.11 Elect Director Margaret A. McKenna For For Management
1.12 Elect Director Frank S. Royal, M.D. For For Management
1.13 Elect Director S. Dallas Simmons For For Management
1.14 Elect Director David A. Wollard For For Management
2 Ratify Auditors For For Management
3 Require a Majority Vote for the Election Against For Shareholder
of Directors
4 Report on Greenhouse Gas Emissions Against Against Shareholder
5 Submit Supplemental Executive Retirement Against Against Shareholder
Plans to Shareholder vote
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DTE ENERGY CO.
Ticker: DTE Security ID: 233331107
Meeting Date: APR 27, 2006 Meeting Type: Annual
Record Date: FEB 27, 2006
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Alfred R. Glancy, III For For Management
1.2 Elect Director John E. Lobbia For For Management
1.3 Elect Director Eugene A. Miller For For Management
1.4 Elect Director Charles W. Pryor, Jr. For For Management
1.5 Elect Director Joe W. Laymon For For Management
2 Approve Omnibus Stock Plan For For Management
3 Ratify Auditors For For Management
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EDISON INTERNATIONAL
Ticker: EIX Security ID: 281020107
Meeting Date: APR 27, 2006 Meeting Type: Annual
Record Date: FEB 27, 2006
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director John E. Bryson For For Management
1.2 Elect Director France A. Cordova For For Management
1.3 Elect Director Charles B. Curtis For For Management
1.4 Elect Director Bradford M. Freeman For For Management
1.5 Elect Director Bruce Karatz For For Management
1.6 Elect Director Luis G. Nogales For For Management
1.7 Elect Director Ronald L. Olson For Withhold Management
1.8 Elect Director James M. Rosser For For Management
1.9 Elect Director Richard T. Schlosberg, III For For Management
1.10 Elect Director Robert H. Smith For For Management
1.11 Elect Director Thomas C. Sutton For For Management
2 Amend Articles To Eliminate Fair Price For For Management
Provision
3 Adopt Simple Majority Vote Requirement Against For Shareholder
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ENERGY EAST CORPORATION
Ticker: EAS Security ID: 29266M109
Meeting Date: JUN 8, 2006 Meeting Type: Annual
Record Date: APR 17, 2006
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director James H. Brandi For For Management
1.2 Elect Director John T. Cardis For For Management
1.3 Elect Director Joseph J. Castiglia For For Management
1.4 Elect Director Lois B. DeFleur For For Management
1.5 Elect Director G. Jean Howard For For Management
1.6 Elect Director David M. Jagger For For Management
1.7 Elect Director Seth A. Kaplan For For Management
1.8 Elect Director Ben E. Lynch For For Management
1.9 Elect Director Peter J. Moynihan For For Management
1.10 Elect Director Walter G. Rich For For Management
1.11 Elect Director Wesley W. von Schack For For Management
2 Reduce Supermajority Vote Requirement For For Management
3 Ratify Auditors For For Management
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ENTERGY CORP.
Ticker: ETR Security ID: 29364G103
Meeting Date: MAY 12, 2006 Meeting Type: Annual
Record Date: MAR 14, 2006
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Maureen Scannell Bateman For For Management
1.2 Elect Director W. Frank Blount For For Management
1.3 Elect Director Simon D. Debree For For Management
1.4 Elect Director Gary W. Edwards For For Management
1.5 Elect Director Alexis Herman For For Management
1.6 Elect Director Donald C. Hintz For For Management
1.7 Elect Director J. Wayne Leonard For For Management
1.8 Elect Director Stuart L. Levenick For For Management
1.9 Elect Director Robert v.d. Luft For For Management
1.10 Elect Director James R. Nichols For For Management
1.11 Elect Director William A. Percy, II For For Management
1.12 Elect Director W. J. Tauzin For For Management
1.13 Elect Director Steven V. Wilkinson For For Management
2 Reduce Supermajority Vote Requirement For For Management
3 Approve Omnibus Stock Plan For For Management
4 Ratify Auditors For For Management
5 Require a Majority Vote for the Election Against Against Shareholder
of Directors
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EXELON CORP.
Ticker: EXC Security ID: 30161N101
Meeting Date: JUL 22, 2005 Meeting Type: Annual
Record Date: MAY 2, 2005
# Proposal Mgt Rec Vote Cast Sponsor
1 Issue Shares in Connection with an For For Management
Acquisition
2.1 Elect Director Edward A. Brennan For For Management
2.2 Elect Director Bruce De Mars For For Management
2.3 Elect Director Nelson A. Diaz For Against Management
2.4 Elect Director John W. Rowe For For Management
2.5 Elect Director Ronald Rubin For For Management
3 Increase Authorized Common Stock For For Management
4 Ratify Auditors For For Management
5 Approve Omnibus Stock Plan For For Management
6 Approve Qualified Employee Stock Purchase For For Management
Plan
7 Adjourn Meeting For For Management
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EXELON CORP.
Ticker: EXC Security ID: 30161N101
Meeting Date: JUN 27, 2006 Meeting Type: Annual
Record Date: MAY 12, 2006
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director M.W. D'Alessio For For Management
1.2 Elect Director R.B. Greco For For Management
1.3 Elect Director J.M. Palms For For Management
1.4 Elect Director J.W. Rogers For For Management
1.5 Elect Director R.L. Thomas For For Management
2 Ratify Auditors For For Management
3 Submit Severance Agreement (Change in Against For Shareholder
Control) to shareholder Vote
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FIRSTENERGY CORPORATION
Ticker: FE Security ID: 337932107
Meeting Date: MAY 16, 2006 Meeting Type: Annual
Record Date: MAR 21, 2006
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Anthony J. Alexander For For Management
1.2 Elect Director Carol A. Cartwright For Withhold Management
1.3 Elect Director William T. Cottle For For Management
1.4 Elect Director Robert B. Heisler, Jr. For For Management
1.5 Elect Director Russell W. Maier For For Management
1.6 Elect Director George M. Smart For For Management
1.7 Elect Director Wes M. Taylor For For Management
1.8 Elect Director Jesse T. Williams, Sr. For For Management
2 Ratify Auditors For For Management
3 Adopt Simple Majority Vote Requirement Against For Shareholder
4 Submit Severance Agreement (Change in Against Against Shareholder
Control) to shareholder Vote
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NISOURCE INC.
Ticker: NI Security ID: 65473P105
Meeting Date: MAY 10, 2006 Meeting Type: Annual
Record Date: MAR 14, 2006
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Gary L. Neale For For Management
1.2 Elect Director Robert J. Welsh For Withhold Management
1.3 Elect Director Roger A. Young For Withhold Management
2 Ratify Auditors For Against Management
3 Declassify the Board of Directors For For Management
4 Require a Majority Vote for the Election Against For Shareholder
of Directors
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ONEOK, INC.
Ticker: OKE Security ID: 682680103
Meeting Date: MAY 18, 2006 Meeting Type: Annual
Record Date: MAR 21, 2006
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director William L. Ford For For Management
1.2 Elect Director Douglas Ann Newsom, Ph.D. For For Management
1.3 Elect Director Gary D. Parker For For Management
1.4 Elect Director Eduardo A. Rodriguez For For Management
2 Ratify Auditors For For Management
3 Separate Chairman and CEO Positions Against For Shareholder
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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 For Shareholder
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PROGRESS ENERGY, INC.
Ticker: PGN Security ID: 743263105
Meeting Date: MAY 10, 2006 Meeting Type: Annual
Record Date: MAR 3, 2006
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director W. D. Frederick, Jr. For For Management
1.2 Elect Director W. Steven Jones For For Management
1.3 Elect Director Theresa M. Stone For For Management
1.4 Elect Director Edwin B. Borden For For Management
1.5 Elect Director James E. Bostic, Jr. For For Management
1.6 Elect Director David L. Burner For For Management
1.7 Elect Director Richard L. Daugherty For For Management
1.8 Elect Director Harris E. DeLoach, Jr. For For Management
2 Ratify Auditors For For Management
3 Declassify the Board of Directors For For Management
4 Company Specific--Elect Director by For For Management
Majority Vote
5 Improve Security at Nuclear Facilities Against Against Shareholder
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SOUTHERN COMPANY
Ticker: SO Security ID: 842587107
Meeting Date: MAY 24, 2006 Meeting Type: Annual
Record Date: MAR 27, 2006
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Juanita Powell Baranco For For Management
1.2 Elect Director Dorrit J. Bern For For Management
1.3 Elect Director Francis S. Blake For For Management
1.4 Elect Director Thomas F. Chapman For For Management
1.5 Elect Director Donald M. James For For Management
1.6 Elect Director Zack T. Pate For For Management
1.7 Elect Director J. Neal Purcell For For Management
1.8 Elect Director David M. Ratcliffe For For Management
1.9 Elect Director William G. Smith, Jr. For For Management
1.10 Elect Director Gerald J. St. Pe For For Management
2 Ratify Auditors For For Management
3 Approve Omnibus Stock Plan For For Management
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TXU CORP.
Ticker: TXU Security ID: 873168108
Meeting Date: MAY 19, 2006 Meeting Type: Annual
Record Date: MAR 21, 2006
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director E. Gail de Planque For For Management
1.2 Elect Director Leldon E. Echols For For Management
1.3 Elect Director Kerney Laday For For Management
1.4 Elect Director Jack E. Little For For Management
1.5 Elect Director Gerardo I. Lopez For For Management
1.6 Elect Director J.E. Oesterreicher For For Management
1.7 Elect Director Michael W. Ranger For For Management
1.8 Elect Director Leonard H. Roberts For For Management
1.9 Elect Director Glenn F. Tilton For For Management
1.10 Elect Director C. John Wilder For For Management
2 Ratify Auditors For For Management
3 Establish Range For Board Size For For Management
4 Amend Articles/Bylaws/Charter-Non-Routine For For Management
5 Require a Majority Vote for the Election Against For Shareholder
of Directors
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.
(Registrant) FRANKLIN UNIVERSAL TRUST
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By:(Signature and Title)*/s/JIMMY D. GAMBILL
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Jimmy D. Gambill,
Chief Executive Officer - Finance and Administration
Date August 28, 2006
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*Print the name and title of each signing officer under his or her signature.