UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act File Number 811-08603
Name of Fund: Debt Strategies Fund, Inc.
Fund Address: P.O. Box 9011
Princeton, NJ 08543-9011
Name and address of agent for service:
Robert C. Doll, Jr., Chief Executive Officer, Debt Strategies Fund,
Inc., 800 Scudders Mill Road, Plainsboro, NJ, 08536. Mailing address:
P.O. Box 9011, Princeton, NJ, 08543-9011
Registrant's telephone number, including area code: (609) 282-2800
Date of fiscal year end: 02/28/2006
Date of reporting period: 07/01/04 - 06/30/05
Item 1 - Proxy Voting Record
The information contained herein discloses the following information for each
matter relating to a portfolio security considered at any shareholder meeting
held during the period covered by the report and with respect to which the
registrant was entitled to vote:
(a) The name of the issuer of the portfolio security;
(b) The exchange ticker symbol of the portfolio security;
(c) The Council on Uniform Securities Identification Procedures ("CUSIP")
number for the portfolio security;
(d) The shareholder meeting date;
(e) A brief identification of the matter voted on;
(f) Whether the matter was proposed by the issuer or by a security holder;
(g) Whether the registrant cast its vote on the matter;
(h) How the registrant cast its vote; and
(i) Whether the registrant cast its vote for or against management.
******************************* FORM N-Px REPORT *******************************
ICA File Number: 811-08603
Reporting Period: 07/01/2004 - 06/30/2005
Debt Strategies Fund, Inc.
========================== DEBT STRATEGIES FUND, INC. ==========================
IDT CORP.
Ticker: IDT.C Security ID: 448947309
Meeting Date: DEC 15, 2004 Meeting Type: Annual
Record Date: OCT 21, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Howard S. Jonas For Withhold Management
1.2 Elect Director Michael J. Levitt For For Management
1.3 Elect Director Rudy Boschwitz For For Management
1.4 Elect Director Saul K. Fenster For For Management
1.5 Elect Director Joyce J. Mason For For Management
2 Amend Omnibus Stock Plan For For Management
3 Ratify Auditors For For Management
--------------------------------------------------------------------------------
LODGIAN, INC.
Ticker: LGN Security ID: 54021P403
Meeting Date: APR 28, 2005 Meeting Type: Annual
Record Date: MAR 11, 2005
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Sean F. Armstrong For For Management
1.2 Elect Director Russel S. Bernard For For Management
1.3 Elect Director Stewart J. Brown For For Management
1.4 Elect Director Kenneth A. Caplan For For Management
1.5 Elect Director Stephen P. Grathwohl For For Management
1.6 Elect Director Dr. Sheryl E. Kimes For For Management
1.7 Elect Director Kevin C. Mctavish For For Management
1.8 Elect Director W. Thomas Parrington For For Management
2 Ratify Auditors For For Management
--------------------------------------------------------------------------------
PAXSON COMMUNICATIONS CORP.
Ticker: PAX Security ID: 704231604
Meeting Date: JUN 10, 2005 Meeting Type: Annual
Record Date: APR 15, 2005
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Dean M. Goodman For Withhold Management
1.2 Elect Director W. Lawrence Patrick For For Management
2 Ratify Auditors For For Management
--------------------------------------------------------------------------------
PIONEER COMPANIES, INC.
Ticker: PONR Security ID: 723643300
Meeting Date: MAY 12, 2005 Meeting Type: Annual
Record Date: APR 5, 2005
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director David N. Weinstein For For Management
1.2 Elect Director Michael Y. McGovern For For Management
1.3 Elect Director Marvin E. Lesser For For Management
1.4 Elect Director Charles L. Mears For For Management
1.5 Elect Director David A. Scholes For For Management
1.6 Elect Director Richard L. Urbanowski For For Management
2 Ratify Auditors For For Management
--------------------------------------------------------------------------------
TELEWEST GLOBAL, INC.
Ticker: TLWT Security ID: 87956T107
Meeting Date: MAY 9, 2005 Meeting Type: Annual
Record Date: APR 1, 2005
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Barry R. Elson For For Management
1.2 Elect Director Michael J. McGuiness For For Management
2 Ratify Auditors For For Management
3 Approve Executive Incentive Bonus Plan For For Management
--------------------------------------------------------------------------------
THERMADYNE HOLDINGS CORP.
Ticker: THMD Security ID: 883435307
Meeting Date: APR 19, 2005 Meeting Type: Annual
Record Date: MAR 9, 2005
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Paul D. Melnuk For For Management
1.2 Elect Director Andrew L. Berger For For Management
1.3 Elect Director James B. Gamache For For Management
1.4 Elect Director Marnie S. Gordon For For Management
1.5 Elect Director John G. Johnson, Jr. For For Management
1.6 Elect Director Bradley G. Pattelli For For Management
2 Approve Qualified Employee Stock Purchase For For Management
Plan
3 Ratify Auditors For For Management
--------------------------------------------------------------------------------
TRICO MARINE SERVICES, INC.
Ticker: TRMA Security ID: 896106200
Meeting Date: JUN 15, 2005 Meeting Type: Annual
Record Date: APR 29, 2005
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Richard A. Bachmann For For Management
1.2 Elect Director Kenneth M. Burke For For Management
2 Ratify Auditors For For Management
3 Other Business None Against Management
========== END NPX REPORT
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.
Debt Strategies Fund, Inc.
By: /s/ Robert C. Doll, Jr.
-----------------------
Robert C. Doll, Jr.
Chief Executive Officer
Debt Strategies Fund, Inc.
Date: August 25, 2005