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, 2006 - June 30, 2007
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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
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FIRST TRUST TAX-ADVANTAGED PREFERRED INCOME FUND
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Proposed
Shareholder by Mgmt or For or For or
Issuer (Canadian Exchange Meeting Identification of security Vote Against Against
Income Trusts) Symbol CUSIP Date Matter voted on holder Cast (1) Prosposal Management
Crescent Point Energy CPG 225908102 11/27/2006 Approve Reorganization Mgmt Yes For For
Trust (2)
Approve Olympia Trust Mgmt Yes For For
Company as Trustee of
the Trust
Yellow Pages Income YLO 985569102 5/9/2007 Elect Trustees of the Mgmt No N/A N/A
Fund Fund - Michael A
Boychuk, 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
Appoint Deloitte & Mgmt No N/A N/A
Touche LLP as Auditors
and Authorize Board to
Fix Their Remuneration
BFI Canada Income Fund BFC 55390108 5/15/2007 Elect Trustee Keith Mgmt No N/A N/A
Carrigan
Elect Trustee Charles F. Mgmt No N/A N/A
Flood
Elect Trustee Joseph Mgmt No N/A N/A
Wright
Elect Trustee T. Iain Mgmt No N/A N/A
Ronald
Elect Trustee James Mgmt No N/A N/A
Forese
Elect Trustee Daniel Mgmt No N/A N/A
Milliard
Approve Deloitte & Mgmt No N/A N/A
Touche LLP as Auditors
and Authorize Board to
Fix Remuneration of
Auditors
Boralex Power Income BPT 09951T106 5/15/2007 Direct Trustee to Vote Mgmt No N/A N/A
Fund to Elect Marcel Aubut,
Claude Boivin, Michel
Cote, Jean E. Douville,
Alain Rheaume, Bernard
Lemaire, Patrick Lemaire
and Yves Rheault as
Trustees of BPT
Direct Trustee to Vote Mgmt No N/A N/A
to Approve Ernst & Young
LLP as Auditors of BPT
and Authorize Trustees
to Fix Remuneration of
Auditors
Approve Ernst & Young Mgmt No N/A N/A
LLP as Auditors of the
Fund and Authorize
Trustees to Fix
Remuneration of Auditors
Teranet Income Fund TF 88078Y107 5/29/2007 Elect as Trustees: Jon N Mgmt No N/A N/A
Hagan, David H
Tsubouchi, John L
Ronson, Stuart Angus,
Ronald M Meade, D R
(Rick) Reid, and
Aristides M S Kaplanis
Approve Deloitte & Mgmt No N/A N/A
Touche as Auditors and
Authorize Board to Fix
Remuneration of Auditors
Crescent Point Energy CPG 225908102 5/31/2007 Fix Number of Directors Mgmt Yes For For
Trust (2) at Seven
Elect Director Peter Mgmt Yes For For
Bannister
Elect Director Paul Mgmt Yes For For
Colborne
Elect Director Kenney F. Mgmt Yes For For
Cugnet
Elect Director D. Hugh Mgmt Yes For For
Gillard
Elect Director Gerald A. Mgmt Yes For For
Romanzin
Elect Director Scott Mgmt Yes For For
Saxberg
Elect Director Greg Mgmt Yes For For
Turnbull
Ratify Mgmt Yes For For
PricewaterhouseCoopers
LLP as Auditors
Amend Restricted Stock Mgmt Yes For For
Plan
Atlantic Power Corp. ATP 04878Q400 6/6/2007 Elect Directors Irving Mgmt No N/A N/A
Gerstein, Ken Hartwick,
John McNeil, Barry Welch
and William Whitman
Approve KPMG LLP as Mgmt No N/A N/A
Auditors and Authorize
Board to Fix
Remuneration of Auditors
Energy Savings Income SIF 292717105 6/28/2007 Direct Trustees to Vote Mgmt No N/A N/A
Fund to Elect John A. Brussa,
Michael Kirby, Gordon D.
Giffin, R. Roy McMurtry,
Rebecca MacDonald,
Brennan R. Mulcahy, Hugh
D. Segal and Brian R.D.
Smith as Directors of
Ontario Energy Savings
Corp.
Approve KPMG LLP as Mgmt No N/A N/A
Auditors and Authorize
Board to Fix
Remuneration of Auditors
Amend Unit Appreciation Mgmt No N/A N/A
Rights Plan
(1) Votes not cast were due to an administrative error which has subsequently
been rectified.
(2) 46,500 units were voted.
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 31, 2007
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* Print the name and title of each signing officer under his or her signature.