# EDGAR Filing Document

**Accession Number:** 0001906202
**File Stem:** 0001667731-25-000862
**Filing Date:** 2025-7
**Character Count:** 25851
**Document Hash:** 6d4195db8bc2dfe9c5b9659308a35a54
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001667731-25-000862.hdr.sgml**: 20250717

**ACCESSION NUMBER**: 0001667731-25-000862

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250717

**EFFECTIVENESS DATE**: 20250717

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Hedges Asset Management LLC
- **CENTRAL INDEX KEY:** 0001906202

**ORGANIZATION NAME:**
- **EIN:** 861343513
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-21643
- **FILM NUMBER:** 251130273

**BUSINESS ADDRESS:**
- **STREET 1:** 2669 RODNEY DRIVE
- **CITY:** RENO
- **STATE:** NV
- **ZIP:** 89509
- **BUSINESS PHONE:** 775-843-2069

**MAIL ADDRESS:**
- **STREET 1:** 2669 RODNEY DRIVE
- **CITY:** RENO
- **STATE:** NV
- **ZIP:** 89509

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

## N-PX: Filer Information

**Filer CIK:** 0001906202

**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:** Hedges Asset Management LLC

**Address:** 2669 RODNEY DRIVE, RENO, NV 89509

**Telephone number:** 775-843-2069

**Name of agent for service:** —

**Agent Address:** —, —, — —

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

**SEC File Number:** 028-21643

**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   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| FED EX                 | 31428X106 | 09/23/2024     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |           7250 |                0 | FOR         |                                     7250 | FOR                         |  |
| GLACIER                | 37637Q105 | 04/30/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |         285223 |                0 | FOR         |                                   285223 | FOR                         |  |
| CORTEVA                | 22052L104 | 04/30/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |           4000 |                0 | FOR         |                                     4000 | FOR                         |  |
| CHEMOURS               | 163851108 | 04/20/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |            700 |                0 | FOR         |                                      700 | FOR                         |  |
| EPR PROP               | 26884U109 | 05/06/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |           2605 |                0 | FOR         |                                     2605 | FOR                         |  |
| WEYERHAUSER            | 962166104 | 05/09/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |          22000 |                0 | FOR         |                                    22000 | FOR                         |  |
| WELLS FARGO            | 949746101 | 04/29/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |          24000 |                0 | FOR         |                                    24000 | FOR                         |  |
| WILLIAMS CO            | 969457100 | 04/28/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |          23400 |                0 | FOR         |                                    23400 | FOR                         |  |
| UPS                    | 911312106 | 05/08/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |          11200 |                0 | FOR         |                                    11200 | FOR                         |  |
| GE AEROSPACE           | 369604301 | 05/06/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |          36525 |                0 | FOR         |                                    36525 | FOR                         |  |
| UBER                   | 90353T100 | 05/05/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |          31500 |                0 | FOR         |                                    31500 | FOR                         |  |
| CITIGROUP              | 172967424 | 04/29/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |           1000 |                0 | FOR         |                                     1000 | FOR                         |  |
| WYNN                   | 983134107 | 04/30/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |          33715 |                0 | FOR         |                                    33715 | FOR                         |  |
| COCA COLA              | 191216100 | 04/30/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |           3200 |                0 | FOR         |                                     3200 | FOR                         |  |
| NEWMONT                | 651639106 | 04/30/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |          19950 |                0 | FOR         |                                    19950 | FOR                         |  |
| NORTHERN TRUST         | 665859104 | 04/22/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |           1650 |                0 | FOR         |                                     1650 | FOR                         |  |
| SMITH NEPHEW           | 83175M205 | 04/30/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |           1600 |                0 | FOR         |                                     1600 | FOR                         |  |
| PFIZER                 | 717081103 | 04/24/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |           2600 |                0 | FOR         |                                     2600 | FOR                         |  |
| FMC                    | 302491300 | 04/29/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |          46708 |                0 | FOR         |                                    46708 | FOR                         |  |
| UNILEVER               | 904767704 | 04/30/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |          41900 |                0 | FOR         |                                    41900 | FOR                         |  |
| BP                     | 055622104 | 04/17/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |          95577 |                0 | FOR         |                                    95577 | FOR                         |  |
| IBM                    | 459200101 | 04/29/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |           8500 |                0 | FOR         |                                     8500 | FOR                         |  |
| BOEING                 | 097023105 | 04/24/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |          31420 |                0 | FOR         |                                    31420 | FOR                         |  |
| BANK OF AMERICA        | 060505104 | 04/22/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |          24000 |                0 | FOR         |                                    24000 | FOR                         |  |
| INT FLAV + FRAG        | 459506101 | 05/01/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |          11800 |                0 | FOR         |                                    11800 | FOR                         |  |
| CAMECO                 | 13321L108 | 05/09/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |          45000 |                0 | FOR         |                                    45000 | FOR                         |  |
| FRANCO NV              | 351858105 | 05/08/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |           1200 |                0 | FOR         |                                     1200 | FOR                         |  |
| AGNICO EAGLE           | 008474108 | 04/25/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |            900 |                0 | FOR         |                                      900 | FOR                         |  |
| GENERAL DYNAMICS       | 369550108 | 05/07/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |            500 |                0 | FOR         |                                      500 | FOR                         |  |
| ROGERS                 | 775133101 | 05/05/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |           4050 |                0 | FOR         |                                     4050 | FOR                         |  |
| NUTRIEN                | 67077M108 | 05/07/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |          10500 |                0 | FOR         |                                    10500 | FOR                         |  |
| MMM                    | 88579Y101 | 05/13/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |           3800 |                0 | FOR         |                                     3800 | FOR                         |  |
| CNH IND                | N20944108 | 05/12/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |          70000 |                0 | FOR         |                                    70000 | FOR                         |  |
| FORD                   | 345370860 | 05/08/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |         113700 |                0 | FOR         |                                   113700 | FOR                         |  |
| PEPSI                  | 713448108 | 05/07/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |            300 |                0 | FOR         |                                      300 | FOR                         |  |
| NEW GOLD               | 644535106 | 05/06/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |         412500 |                0 | FOR         |                                   412500 | FOR                         |  |
| INTEL                  | 458140100 | 05/06/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |          61000 |                0 | FOR         |                                    61000 | FOR                         |  |
| BARRICK GOLD           | 06849F108 | 05/06/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |          57500 |                0 | FOR         |                                    57500 | FOR                         |  |
| ARCOS DORADOS          | G0457F107 | 04/25/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |         334900 |                0 | FOR         |                                   334900 | FOR                         |  |
| WHEATON PREC           | 962879102 | 05/09/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |           4000 |                0 | FOR         |                                     4000 | FOR                         |  |
| CINEMARK               | 017243V12 | 05/15/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |          56000 |                0 | FOR         |                                    56000 | FOR                         |  |
| ALBEMARLE CO           | 012653101 | 05/06/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |           1000 |                0 | FOR         |                                     1000 | FOR                         |  |
| ALASKA AIR             | 011659109 | 05/08/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |          12400 |                0 | FOR         |                                    12400 | FOR                         |  |
| MATERION               | 576690101 | 05/07/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |            650 |                0 | FOR         |                                      650 | FOR                         |  |
| MGM                    | 552953101 | 05/07/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |          19000 |                0 | FOR         |                                    19000 | FOR                         |  |
| ELANCO                 | 28414H103 | 05/16/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |         114000 |                0 | FOR         |                                   114000 | FOR                         |  |
| BRISTOL MYERS          | 110122108 | 05/06/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |          36600 |                0 | FOR         |                                    36600 | FOR                         |  |
| KRAFT HEINZ            | 500754106 | 05/08/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |          50450 |                0 | FOR         |                                    50450 | FOR                         |  |
| MONDALEZ               | 609207105 | 05/21/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |           1500 |                0 | FOR         |                                     1500 | FOR                         |  |
| SCHWAB                 | 808513105 | 05/22/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |          20000 |                0 | FOR         |                                    20000 | FOR                         |  |
| GE VERONA              | 036828A01 | 05/14/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |           5125 |                0 | FOR         |                                     5125 | FOR                         |  |
| DUTCH BROS             | 26701L100 | 05/13/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |          11100 |                0 | FOR         |                                    11100 | FOR                         |  |
| CONOCO PHILLIPS        | 20825C104 | 05/13/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |           2400 |                0 | FOR         |                                     2400 | FOR                         |  |
| WESTINGHOUSE AIR BRAKE | 929740108 | 05/15/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |           1650 |                0 | FOR         |                                     1650 | FOR                         |  |
| LOEWS                  | 540424108 | 05/13/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |          17900 |                0 | FOR         |                                    17900 | FOR                         |  |
| AT                     | 000206R12 | 05/05/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |          17000 |                0 | FOR         |                                    17000 | FOR                         |  |
| SQM                    | 833635105 | 04/22/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |          30200 |                0 | FOR         |                                    30200 | FOR                         |  |
| DUPONT                 | 2661004N1 | 05/22/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |          15600 |                0 | FOR         |                                    15600 | FOR                         |  |
| SKECHERS               | 830566105 | 05/20/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |           5301 |                0 | FOR         |                                     5301 | FOR                         |  |
| CHEVRON                | 166764100 | 05/25/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |          12400 |                0 | FOR         |                                    12400 | FOR                         |  |
| KINDER MORGAN          | 049456B11 | 05/15/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |          12500 |                0 | FOR         |                                    12500 | FOR                         |  |
| SOUTHWEST AIR          | 844741108 | 05/14/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |         142700 |                0 | FOR         |                                   142700 | FOR                         |  |
| McDONALDS              | 580135101 | 05/20/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |           1000 |                0 | FOR         |                                     1000 | FOR                         |  |
| PINTEREST              | 72352L106 | 05/22/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |           1500 |                0 | FOR         |                                     1500 | FOR                         |  |
| VERIZON                | 92343V104 | 05/22/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |          58450 |                0 | FOR         |                                    58450 | FOR                         |  |
| SHELL                  | 078025935 | 05/20/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |          70100 |                0 | FOR         |                                    70100 | FOR                         |  |
| SEALED AIR             | 81211K100 | 05/29/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |            600 |                0 | FOR         |                                      600 | FOR                         |  |
| DOCUSIGN               | 256163106 | 05/29/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |           2675 |                0 | FOR         |                                     2675 | FOR                         |  |
| WARNER BROS            | 934423104 | 06/02/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |          75000 |                0 | FOR         |                                    75000 | FOR                         |  |
| HOWMET                 | 443201108 | 05/28/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |          10200 |                0 | FOR         |                                    10200 | FOR                         |  |
| ZOETIS                 | 098978V13 | 05/21/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |            800 |                0 | FOR         |                                      800 | FOR                         |  |
| GE HEALTHCARE          | 36266G107 | 05/28/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |          14175 |                0 | FOR         |                                    14175 | FOR                         |  |
| MERCK                  | 58933Y105 | 05/27/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |          18450 |                0 | FOR         |                                    18450 | FOR                         |  |
| WESTERN ASSET          | 95766R104 | 05/16/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |           5000 |                0 | FOR         |                                     5000 | FOR                         |  |
| ANTERO RESOURCES       | 03674X106 | 05/04/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |           2000 |                0 | FOR         |                                     2000 | FOR                         |  |
| EXPRO GROUP            | N3144W105 | 05/05/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |           1000 |                0 | FOR         |                                     1000 | FOR                         |  |
| CONFLUENT              | 200717M10 | 06/11/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |            400 |                0 | FOR         |                                      400 | FOR                         |  |
| WORKDAY                | 98138H101 | 06/04/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |            700 |                0 | FOR         |                                      700 | FOR                         |  |
| AIR BNB                | 009066101 | 06/04/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |           3050 |                0 | FOR         |                                     3050 | FOR                         |  |
| ON HOLDINGS AG         | H5919C104 | 05/22/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |          10100 |                0 | FOR         |                                    10100 | FOR                         |  |
| FIGS                   | 30260D103 | 06/04/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |         126500 |                0 | FOR         |                                   126500 | FOR                         |  |
| LITHIUM AMER           | 536681J10 | 06/11/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |          50000 |                0 | FOR         |                                    50000 | FOR                         |  |
| LINDBLAD               | 535219109 | 06/04/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |         185000 |                0 | FOR         |                                   185000 | FOR                         |  |
| STARR SUGICAL          | 852312305 | 06/18/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |          20000 |                0 | FOR         |                                    20000 | FOR                         |  |
| GRANITE CONST          | 387328107 | 06/05/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |           3000 |                0 | FOR         |                                     3000 | FOR                         |  |
| SHAKE SHACK            | 819047101 | 06/04/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |          20625 |                0 | FOR         |                                    20625 | FOR                         |  |
| ENVISTA                | 29415F104 | 06/10/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |          53300 |                0 | FOR         |                                    53300 | FOR                         |  |
| CRISPER THER           | H17182108 | 06/05/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |          30350 |                0 | FOR         |                                    30350 | FOR                         |  |
| GAMING + LEISURE       | 36467J108 | 06/12/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |          78260 |                0 | FOR         |                                    78260 | FOR                         |  |
| ORGANON                | 68622V106 | 06/10/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |           2500 |                0 | FOR         |                                     2500 | FOR                         |  |
| PAYPAL                 | 70450Y103 | 06/05/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |           3900 |                0 | FOR         |                                     3900 | FOR                         |  |
| LYFT                   | 550087P10 | 06/25/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |         121050 |                0 | FOR         |                                   121050 | FOR                         |  |
| PENN                   | 707569109 | 06/17/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |         218650 |                0 | AGAINST     |                                   218650 | AGAINST                     |  |
| DAL                    | 247361702 | 06/19/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |           3700 |                0 | FOR         |                                     3700 | FOR                         |  |
| HONDA                  | 438128308 | 06/19/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |          16700 |                0 | FOR         |                                    16700 | FOR                         |  |
| CALAMOS CONVERT        | 12811P108 | 06/23/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |           3000 |                0 | FOR         |                                     3000 | FOR                         |  |
| BROOKDALE SENIOR       | 112463104 | 07/11/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |         240000 |                0 | AGAINST     |                                   240000 | AGAINST                     |  |
| MAG SILVER             | 55903Q104 | 06/18/2025     | NP-X (say on pay)  | SECTION 14A SAY-ON-PAY VOTES |          92000 |                0 | FOR         |                                    92000 | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** Hedges Asset Management LLC

**By (Signature):** William Hedges

**By (Printed Signature):** William Hedges

**By (Title):** cpo

**Date:** 07/17/2025