# EDGAR Filing Document

**Accession Number:** 0001169187
**File Stem:** 0001193125-25-192082
**Filing Date:** 2025-8
**Character Count:** 29201
**Document Hash:** f66e7ea47ae156bf79e07598759be70b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-192082.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001193125-25-192082

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250829

**DATE AS OF CHANGE**: 20250829

**EFFECTIVENESS DATE**: 20250829

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** T. Rowe Price Institutional Income Funds, Inc.
- **CENTRAL INDEX KEY:** 0001169187

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0531

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21055
- **FILM NUMBER:** 251276581

**BUSINESS ADDRESS:**
- **STREET 1:** 1307 POINT STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21231
- **BUSINESS PHONE:** 410-345-2000

**MAIL ADDRESS:**
- **STREET 1:** 1307 POINT STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21231

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** T ROWE PRICE INSTITUTIONAL INCOME FUNDS INC
- **DATE OF NAME CHANGE:** 20020314

## FORM N-PX
### ANNUAL REPORT OF PROXY VOTING RECORD

## N-PX: Filer Information

**Filer CIK:** 0001169187

**Date of Report:** 06/30/2025

**Are you a Registered Management Investment Company or an Institutional Manager?:** Registered Management Investment Company

**Is this a LIVE or TEST Filing?:** LIVE

**Is this an electronic copy of an official filing submitted in paper format?:** [ ]

### Submission Contact Information
_Not provided in this filing._

### Notification Information
**Notify via Filing Website only?:** [ ]

## N-PX: Cover Page

**Name of reporting person:** T. Rowe Price Institutional Income Funds, Inc.

**Address:** 1307 Point Street, Baltimore, MD 21231

**Telephone number:** (410) 345-2000

**Name of agent for service:** —

**Agent Address:** —, —, — —

**Reporting Period:** Report for the year ended 06/30/2025

**SEC File Number:** 811-21055

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** —

**Report Type (check only one):**

Institutional Manager.

- [ ] Institutional Manager Voting Report

- [ ] Institutional Manager Notice Report

- [ ] Institutional Manager Combination Report

Registered Management Investment Company.

- [x] Fund Voting Report

- [ ] Fund Notice Report

**Do you wish to provide explanatory information pursuant to Special Instruction B.4?:**

- [x] No

- [ ] Yes

**Additional information:** —

## N-PX: Summary - Included Managers

**Number of Included Institutional Managers:** 0

**Included Institutional Managers:** —

## FORM N-PX PROXY VOTING RECORD

| NAME OF ISSUER                | CUSIP     | MEETING DATE   | VOTE DESCRIPTION                                                                                                                                                                                         | VOTE CATEGORY                       |   SHARES VOTED |   SHARES ON LOAN | HOW VOTED   |   SHARES VOTED FOR OR AGAINST MANAGEMENT | FOR OR AGAINST MANAGEMENT   | OTHER INFO   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| Becton, Dickinson and Company | 075887109 | 01/28/2025     | Election of Directors: William M. Brown                                                                                                                                                                  | DIRECTOR ELECTIONS                  |           7447 |                0 | FOR         |                                     7447 | FOR                         |  |
| Becton, Dickinson and Company | 075887109 | 01/28/2025     | Election of Directors: Catherine M. Burzik                                                                                                                                                               | DIRECTOR ELECTIONS                  |           7447 |                0 | FOR         |                                     7447 | FOR                         |  |
| Becton, Dickinson and Company | 075887109 | 01/28/2025     | Election of Directors: Carrie Byington                                                                                                                                                                   | DIRECTOR ELECTIONS                  |           7447 |                0 | FOR         |                                     7447 | FOR                         |  |
| Becton, Dickinson and Company | 075887109 | 01/28/2025     | Election of Directors: R. Andrew Eckert                                                                                                                                                                  | DIRECTOR ELECTIONS                  |           7447 |                0 | FOR         |                                     7447 | FOR                         |  |
| Becton, Dickinson and Company | 075887109 | 01/28/2025     | Election of Directors: Claire M. Fraser                                                                                                                                                                  | DIRECTOR ELECTIONS                  |           7447 |                0 | FOR         |                                     7447 | FOR                         |  |
| Becton, Dickinson and Company | 075887109 | 01/28/2025     | Election of Directors: Jeffrey W. Henderson                                                                                                                                                              | DIRECTOR ELECTIONS                  |           7447 |                0 | FOR         |                                     7447 | FOR                         |  |
| Becton, Dickinson and Company | 075887109 | 01/28/2025     | Election of Directors: Christopher Jones                                                                                                                                                                 | DIRECTOR ELECTIONS                  |           7447 |                0 | FOR         |                                     7447 | FOR                         |  |
| Becton, Dickinson and Company | 075887109 | 01/28/2025     | Election of Directors: Thomas E. Polen                                                                                                                                                                   | DIRECTOR ELECTIONS                  |           7447 |                0 | FOR         |                                     7447 | FOR                         |  |
| Becton, Dickinson and Company | 075887109 | 01/28/2025     | Election of Directors: Timothy M. Ring                                                                                                                                                                   | DIRECTOR ELECTIONS                  |           7447 |                0 | FOR         |                                     7447 | FOR                         |  |
| Becton, Dickinson and Company | 075887109 | 01/28/2025     | Election of Directors: Bertram L. Scott                                                                                                                                                                  | DIRECTOR ELECTIONS                  |           7447 |                0 | FOR         |                                     7447 | FOR                         |  |
| Becton, Dickinson and Company | 075887109 | 01/28/2025     | Election of Directors: Joanne Waldstreicher                                                                                                                                                              | DIRECTOR ELECTIONS                  |           7447 |                0 | FOR         |                                     7447 | FOR                         |  |
| Becton, Dickinson and Company | 075887109 | 01/28/2025     | Ratification of the selection of the independent registered public accounting firm.                                                                                                                      | AUDIT-RELATED                       |           7447 |                0 | FOR         |                                     7447 | FOR                         |  |
| Becton, Dickinson and Company | 075887109 | 01/28/2025     | Advisory vote to approve named executive officer compensation.                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES        |           7447 |                0 | FOR         |                                     7447 | FOR                         |  |
| Constellium SE                | F21107101 | 05/15/2025     | Elect Bradley Soultz as Director                                                                                                                                                                         | DIRECTOR ELECTIONS                  |          75775 |                0 | FOR         |                                    75775 | FOR                         |  |
| Constellium SE                | F21107101 | 05/15/2025     | Reelect Emmanuel Blot as Director                                                                                                                                                                        | DIRECTOR ELECTIONS                  |          75775 |                0 | FOR         |                                    75775 | FOR                         |  |
| Constellium SE                | F21107101 | 05/15/2025     | Reelect Martha Brooks as Director                                                                                                                                                                        | DIRECTOR ELECTIONS                  |          75775 |                0 | FOR         |                                    75775 | FOR                         |  |
| Constellium SE                | F21107101 | 05/15/2025     | Reelect Lori Walker as Director                                                                                                                                                                          | DIRECTOR ELECTIONS                  |          75775 |                0 | FOR         |                                    75775 | FOR                         |  |
| Constellium SE                | F21107101 | 05/15/2025     | Approve Financial Statements and Statutory Reports                                                                                                                                                       | CORPORATE GOVERNANCE                |          75775 |                0 | FOR         |                                    75775 | FOR                         |  |
| Constellium SE                | F21107101 | 05/15/2025     | Approve Consolidated Financial Statements and Statutory Reports                                                                                                                                          | CORPORATE GOVERNANCE                |          75775 |                0 | FOR         |                                    75775 | FOR                         |  |
| Constellium SE                | F21107101 | 05/15/2025     | Approve Discharge of Directors, CEO and Auditors                                                                                                                                                         | AUDIT-RELATED; CORPORATE GOVERNANCE |          75775 |                0 | FOR         |                                    75775 | FOR                         |  |
| Constellium SE                | F21107101 | 05/15/2025     | Approve Treatment of Losses                                                                                                                                                                              | CAPITAL STRUCTURE                   |          75775 |                0 | FOR         |                                    75775 | FOR                         |  |
| Constellium SE                | F21107101 | 05/15/2025     | Renew Appointment of PricewaterhouseCoopers Audit as Auditors; Appoint RSM France as Auditors                                                                                                            | AUDIT-RELATED                       |          75775 |                0 | FOR         |                                    75775 | FOR                         |  |
| Constellium SE                | F21107101 | 05/15/2025     | Appoint PricewaterhouseCoopers Audit as Auditor for Sustainability Reporting                                                                                                                             | AUDIT-RELATED                       |          75775 |                0 | FOR         |                                    75775 | FOR                         |  |
| Constellium SE                | F21107101 | 05/15/2025     | Authorize Repurchase of Up to 10 Percent of Issued Share Capital                                                                                                                                         | CAPITAL STRUCTURE                   |          75775 |                0 | FOR         |                                    75775 | FOR                         |  |
| Constellium SE                | F21107101 | 05/15/2025     | Authorize Decrease in Share Capital via Cancellation of Repurchased Shares                                                                                                                               | CAPITAL STRUCTURE                   |          75775 |                0 | FOR         |                                    75775 | FOR                         |  |
| Constellium SE                | F21107101 | 05/15/2025     | Authorize Decrease in Share Capital via Cancellation of Repurchased Shares                                                                                                                               | CAPITAL STRUCTURE                   |          75775 |                0 | FOR         |                                    75775 | FOR                         |  |
| Constellium SE                | F21107101 | 05/15/2025     | Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights (Rights Issue) up to Aggregate Nominal Amount of EUR 1,468,198.84                                                        | CAPITAL STRUCTURE                   |          75775 |                0 | FOR         |                                    75775 | FOR                         |  |
| Constellium SE                | F21107101 | 05/15/2025     | Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights up to Aggregate Nominal Amount of EUR 880,919                                                                         | CAPITAL STRUCTURE                   |          75775 |                0 | AGAINST     |                                    75775 | AGAINST                     |  |
| Constellium SE                | F21107101 | 05/15/2025     | Approve Issuance of Equity or Equity-Linked Securities for Private Placements, up to Aggregate Nominal Amount of EUR 587,279.54                                                                          | CAPITAL STRUCTURE                   |          75775 |                0 | FOR         |                                    75775 | FOR                         |  |
| Constellium SE                | F21107101 | 05/15/2025     | Authorize Board to Increase Capital in the Event of Additional Demand Related to Delegation Submitted to Shareholder Vote Under Item 15                                                                  | CAPITAL STRUCTURE                   |          75775 |                0 | AGAINST     |                                    75775 | AGAINST                     |  |
| Constellium SE                | F21107101 | 05/15/2025     | Authorize Board to Increase Capital in the Event of Additional Demand Related to Delegation Submitted to Shareholder Vote Under Item 16                                                                  | CAPITAL STRUCTURE                   |          75775 |                0 | FOR         |                                    75775 | FOR                         |  |
| Constellium SE                | F21107101 | 05/15/2025     | Authorize Capital Issuances for Use in Employee Stock Purchase Plans                                                                                                                                     | COMPENSATION                        |          75775 |                0 | FOR         |                                    75775 | FOR                         |  |
| Constellium SE                | F21107101 | 05/15/2025     | Amend Article 13 of Bylaws                                                                                                                                                                               | CORPORATE GOVERNANCE                |          75775 |                0 | FOR         |                                    75775 | FOR                         |  |
| Constellium SE                | F21107101 | 05/15/2025     | Amend Article 20 of Bylaws                                                                                                                                                                               | CORPORATE GOVERNANCE                |          75775 |                0 | FOR         |                                    75775 | FOR                         |  |
| Constellium SE                | F21107101 | 05/15/2025     | Authorize Filing of Required Documents/Other Formalities                                                                                                                                                 | CORPORATE GOVERNANCE                |          75775 |                0 | FOR         |                                    75775 | FOR                         |  |
| South Bow Corporation         | 83671M105 | 05/15/2025     | Elect Director Hal Kvisle                                                                                                                                                                                | DIRECTOR ELECTIONS                  |              1 |            68999 | FOR         |                                        1 | FOR                         |  |
| South Bow Corporation         | 83671M105 | 05/15/2025     | Elect Director Chansoo Joung                                                                                                                                                                             | DIRECTOR ELECTIONS                  |              1 |            68999 | FOR         |                                        1 | FOR                         |  |
| South Bow Corporation         | 83671M105 | 05/15/2025     | Elect Director George Lewis                                                                                                                                                                              | DIRECTOR ELECTIONS                  |              1 |            68999 | FOR         |                                        1 | FOR                         |  |
| South Bow Corporation         | 83671M105 | 05/15/2025     | Elect Director Leonard Mallett                                                                                                                                                                           | DIRECTOR ELECTIONS                  |              1 |            68999 | FOR         |                                        1 | FOR                         |  |
| South Bow Corporation         | 83671M105 | 05/15/2025     | Elect Director Robert (Bob) G. Phillips                                                                                                                                                                  | DIRECTOR ELECTIONS                  |              1 |            68999 | FOR         |                                        1 | FOR                         |  |
| South Bow Corporation         | 83671M105 | 05/15/2025     | Elect Director Sonya Reed                                                                                                                                                                                | DIRECTOR ELECTIONS                  |              1 |            68999 | FOR         |                                        1 | FOR                         |  |
| South Bow Corporation         | 83671M105 | 05/15/2025     | Elect Director Shannon Ryhorchuk                                                                                                                                                                         | DIRECTOR ELECTIONS                  |              1 |            68999 | FOR         |                                        1 | FOR                         |  |
| South Bow Corporation         | 83671M105 | 05/15/2025     | Elect Director Mary Pat Salomone                                                                                                                                                                         | DIRECTOR ELECTIONS                  |              1 |            68999 | FOR         |                                        1 | FOR                         |  |
| South Bow Corporation         | 83671M105 | 05/15/2025     | Elect Director Frances M. Vallejo                                                                                                                                                                        | DIRECTOR ELECTIONS                  |              1 |            68999 | FOR         |                                        1 | FOR                         |  |
| South Bow Corporation         | 83671M105 | 05/15/2025     | Elect Director Don Wishart                                                                                                                                                                               | DIRECTOR ELECTIONS                  |              1 |            68999 | FOR         |                                        1 | FOR                         |  |
| South Bow Corporation         | 83671M105 | 05/15/2025     | Elect Director Bevin Wirzba                                                                                                                                                                              | DIRECTOR ELECTIONS                  |              1 |            68999 | FOR         |                                        1 | FOR                         |  |
| South Bow Corporation         | 83671M105 | 05/15/2025     | Approve KPMG LLP as Auditors and Authorize Board to Fix Their Remuneration                                                                                                                               | AUDIT-RELATED                       |              1 |            68999 | FOR         |                                        1 | FOR                         |  |
| South Bow Corporation         | 83671M105 | 05/15/2025     | Advisory Vote on Executive Compensation Approach                                                                                                                                                         | COMPENSATION                        |              1 |            68999 | FOR         |                                        1 | FOR                         |  |
| Bausch + Lomb Corporation     | 071705107 | 05/21/2025     | Election of Directors: Nathalie Bernier                                                                                                                                                                  | DIRECTOR ELECTIONS                  |          66500 |            85500 | FOR         |                                    66500 | FOR                         |  |
| Bausch + Lomb Corporation     | 071705107 | 05/21/2025     | Election of Directors: Gary Hu                                                                                                                                                                           | DIRECTOR ELECTIONS                  |          66500 |            85500 | FOR         |                                    66500 | FOR                         |  |
| Bausch + Lomb Corporation     | 071705107 | 05/21/2025     | Election of Directors: Brett Icahn                                                                                                                                                                       | DIRECTOR ELECTIONS                  |          66500 |            85500 | FOR         |                                    66500 | FOR                         |  |
| Bausch + Lomb Corporation     | 071705107 | 05/21/2025     | Election of Directors: Sarah B. Kavanagh                                                                                                                                                                 | DIRECTOR ELECTIONS                  |          66500 |            85500 | FOR         |                                    66500 | FOR                         |  |
| Bausch + Lomb Corporation     | 071705107 | 05/21/2025     | Election of Directors: Karen L. Ling                                                                                                                                                                     | DIRECTOR ELECTIONS                  |          66500 |            85500 | FOR         |                                    66500 | FOR                         |  |
| Bausch + Lomb Corporation     | 071705107 | 05/21/2025     | Election of Directors: John A. Paulson                                                                                                                                                                   | DIRECTOR ELECTIONS                  |          66500 |            85500 | FOR         |                                    66500 | FOR                         |  |
| Bausch + Lomb Corporation     | 071705107 | 05/21/2025     | Election of Directors: Russel C. Robertson                                                                                                                                                               | DIRECTOR ELECTIONS                  |          66500 |            85500 | FOR         |                                    66500 | FOR                         |  |
| Bausch + Lomb Corporation     | 071705107 | 05/21/2025     | Election of Directors: Thomas W. Ross, Sr.                                                                                                                                                               | DIRECTOR ELECTIONS                  |          66500 |            85500 | FOR         |                                    66500 | FOR                         |  |
| Bausch + Lomb Corporation     | 071705107 | 05/21/2025     | Election of Directors: Brenton L. Saunders                                                                                                                                                               | DIRECTOR ELECTIONS                  |          66500 |            85500 | FOR         |                                    66500 | FOR                         |  |
| Bausch + Lomb Corporation     | 071705107 | 05/21/2025     | Election of Directors: Andrew C. von Eschenbach                                                                                                                                                          | DIRECTOR ELECTIONS                  |          66500 |            85500 | FOR         |                                    66500 | FOR                         |  |
| Bausch + Lomb Corporation     | 071705107 | 05/21/2025     | The approval, in an advisory vote, of the compensation of our Named Executive Officers.                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES        |          66500 |            85500 | AGAINST     |                                    66500 | AGAINST                     |  |
| Bausch + Lomb Corporation     | 071705107 | 05/21/2025     | The appointment of PricewaterhouseCoopers LLP to serve as the Company's auditor until the close of the 2026 Annual Meeting of Shareholders and to authorize the Board to fix the auditor's remuneration. | AUDIT-RELATED                       |          66500 |            85500 | FOR         |                                    66500 | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** T. Rowe Price Institutional Income Funds, Inc.

**By (Signature):** David Oestreicher

**By (Printed Signature):** David Oestreicher

**By (Title):** Principal Executive Officer

**Date:** 08/29/2025