# EDGAR Filing Document

**Accession Number:** 0001270764
**File Stem:** 0001140361-25-031939
**Filing Date:** 2025-8
**Character Count:** 4554
**Document Hash:** 0c87ee9f1e7c4cff3311b074dcc3a4f5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001140361-25-031939.hdr.sgml**: 20250819

**ACCESSION NUMBER**: 0001140361-25-031939

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250819

**EFFECTIVENESS DATE**: 20250819

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIDUCIARY COUNSELLING INC
- **CENTRAL INDEX KEY:** 0001270764

**ORGANIZATION NAME:**
- **EIN:** 410445819
- **STATE OF INCORPORATION:** MN
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-10705
- **FILM NUMBER:** 251232826

**BUSINESS ADDRESS:**
- **STREET 1:** 2000 WELLS FARGO PLACE
- **STREET 2:** 30 EAST 7TH STREET
- **CITY:** SAINT PAUL
- **STATE:** MN
- **ZIP:** 55101-4390
- **BUSINESS PHONE:** 651-228-0935

**MAIL ADDRESS:**
- **STREET 1:** 2000 WELLS FARGO PLACE
- **STREET 2:** 30 EAST 7TH STREET
- **CITY:** SAINT PAUL
- **STATE:** MN
- **ZIP:** 55101-4930

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

## N-PX: Filer Information

**Filer CIK:** 0001270764

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

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

**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:** FIDUCIARY COUNSELLING INC

**Address:** 30 Seventh Street East, St. Paul, MN 55101-4930

**Telephone number:** 651-228-0935

**Name of agent for service:** Fiduciary Counselling, Inc.

**Agent Address:** 30 Seventh Street East, St. Paul, MN 55101-4930

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

**SEC File Number:** 028-10705

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** —

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

Institutional Manager.

- [x] Institutional Manager Voting Report

- [ ] Institutional Manager Notice Report

- [ ] Institutional Manager Combination Report

Registered Management Investment Company.

- [ ] Fund Voting Report

- [ ] Fund Notice Report

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

- [ ] No

- [x] 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   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| PotlatchDeltic Corporation    | 737630103 | 05/05/2025     | Advisory vote to approve executive compensation.                                                                | SECTION 14A SAY-ON-PAY VOTES |         128002 |                0 | FOR         |                                   128002 | FOR                         |  |
| Clearwater Paper Corporation  | 18538R103 | 05/08/2025     | Advisory vote to approve named executive officer compensation.                                                  | SECTION 14A SAY-ON-PAY VOTES |           2000 |                0 | FOR         |                                     2000 | FOR                         |  |
| Weyerhaeuser Company          | 962166104 | 05/09/2025     | Approval, on an advisory basis, of the compensation of the named executive officers.                            | SECTION 14A SAY-ON-PAY VOTES |         351615 |                0 | FOR         |                                   351615 | FOR                         |  |
| Columbia Banking System, Inc. | 197236102 | 05/15/2025     | To approve, on an advisory basis, the compensation of Columbia Banking System, Inc.'s named executive officers. | SECTION 14A SAY-ON-PAY VOTES |           6312 |                0 | FOR         |                                     6312 | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** FIDUCIARY COUNSELLING INC

**By (Signature):** Jason K Mitchell

**By (Printed Signature):** Jason K Mitchell

**By (Title):** Chief Compliance Officer

**Date:** 08/19/2025