# EDGAR Filing Document

**Accession Number:** 0000898417
**File Stem:** 0000898417-25-000010
**Filing Date:** 2025-8
**Character Count:** 5684
**Document Hash:** 0d5ce94a21c83804bf8298c044f273b0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000898417-25-000010.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0000898417-25-000010

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250826

**EFFECTIVENESS DATE**: 20250826

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PPM AMERICA INC/IL
- **CENTRAL INDEX KEY:** 0000898417

**ORGANIZATION NAME:**
- **EIN:** 363714794

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-03586
- **FILM NUMBER:** 251254827

**BUSINESS ADDRESS:**
- **STREET 1:** 225 W WACKER DR
- **STREET 2:** STE 1200
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606
- **BUSINESS PHONE:** 3126342500

**MAIL ADDRESS:**
- **STREET 1:** 225 W WACKER DR
- **STREET 2:** SUITE 1200
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606

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

## N-PX: Filer Information

**Filer CIK:** 0000898417

**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:** PPM AMERICA INC/IL

**Address:** 225 W WACKER DR, CHICAGO, IL 60606

**Telephone number:** 3126342500

**Name of agent for service:** —

**Agent Address:** —, —, — —

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

**SEC File Number:** 028-03586

**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?:**

- [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   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| The Duckhorn Portfolio, Inc.         | 26414D106 | 12/23/2024     | A proposal to approve, on a non-binding, advisory basis, the compensation that may be paid or become payable to Duckhorn's named executive officers that is based on or otherwise relates to the Merger Agreement and the transactions contemplated by the Merger Agreement; and | SECTION 14A SAY-ON-PAY VOTES |         293262 |                0 | FOR         |                                   293262 | FOR                         |  |
| Smurfit WestRock Plc                 | G8267P108 | 05/02/2025     | Approve, in a non-binding, advisory vote, the compensation of the Company's named executive officers.                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |             95 |                0 | FOR         |                                       95 | FOR                         |  |
| Smurfit WestRock Plc                 | G8267P108 | 05/02/2025     | Approve, in a non-binding, advisory vote, the frequency of future non-binding, advisory votes to approve named executive officer compensation.                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |             95 |                0 | ONE YEAR    |                                       95 | FOR                         |  |
| iHeartMedia, Inc.                    | 45174J509 | 05/13/2025     | The approval, on an advisory (non-binding) basis, of the compensation of our named executive officers.                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |         296607 |                0 | AGAINST     |                                   296607 | AGAINST                     |  |
| Clear Channel Outdoor Holdings, Inc. | 18453H106 | 05/29/2025     | Approval of the advisory (non-binding) resolution on executive compensation                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |         705613 |                0 | FOR         |                                   705613 | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** PPM AMERICA INC/IL

**By (Signature):** Thomas Barrus

**By (Printed Signature):** Thomas Barrus

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

**Date:** 07/21/2025