<DOCUMENT>
<TYPE>EX-99.77C VOTES
<SEQUENCE>3
<FILENAME>meeting.txt
<DESCRIPTION>SHAREHOLDER MEETING
<TEXT>
Preferred Income Fund

On March  27,  2007,  the  Annual  Meeting  of the fund was held to elect  three
Trustees.

Proxies  covering  23,199,918  shares of  beneficial  interest were voted at the
meeting.  The common shareholders  elected the following Trustees to serve until
their  respective  successors  are duly  elected  and  qualified  (there were no
current  nominees  for  election  by the  preferred  shareholders),  with  votes
tabulated as follows:

                              For                             Withheld Authority
James R. Boyle                22,895,380 (common shares)      304,538
Steven R. Pruchansky          22,904,929 (common shares)      294,989

The preferred  shareholders  elected  Patti McGill  Peterson as a Trustee of the
fund until her successor is duly elected and qualified, with the votes tabulated
as follows: 10,056 FOR and 55 ABSTAINING
</TEXT>
</DOCUMENT>
