================================================================================ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ----------------- FORM N-PX ----------------- ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number: 811-5410 ----------------- ING PRIME RATE TRUST (Exact name of registrant as specified in charter) ----------------- 7337 E. Doubletree Ranch Road, Suite 100 Scottsdale, AZ 85258 (Address of principal executive offices) (Zip code) (Name and address of agent for service) With copies to: Theresa K. Kelety, Esq. Jeffrey S. Puretz, Esq. ING Investments, LLC Dechert LLP 7337 E. Doubletree Ranch Road, Suite 100 1775 I Street, N.W. Scottsdale, AZ 85258 Washington, DC 20006 Registrant's telephone number, including area code: (800) 992-0180 ----------------- Date of fiscal year end: February 29 Date of reporting period: July 1, 2011 - June 30, 2012 ================================================================================ Item 1. Proxy Voting Record ******************************* FORM N-PX REPORT ******************************* ICA File Number: 811-05410 Reporting Period: 07/01/2011 - 06/30/2012 ING Prime Rate Trust ============================= ING Prime Rate Trust ============================= CITADEL BROADCASTING CORPORATION Ticker: CDELB Security ID: 17285T205 Meeting Date: SEP 15, 2011 Meeting Type: Special Record Date: AUG 03, 2011 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Merger Agreement For For Management 2 Adjourn Meeting For For Management 3.1 Elect Director Jonathan Mandel For For Management 3.2 Elect Director Gregory Mrva For For Management 4 Advisory Vote on Golden Parachutes For Against Management 5 Ratify Auditors For For Management -------------------------------------------------------------------------------- CITADEL BROADCASTING CORPORATION Ticker: CDELB Security ID: 17285T304 Meeting Date: SEP 15, 2011 Meeting Type: Special Record Date: AUG 03, 2011 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Merger Agreement For For Management 2 Adjourn Meeting For For Management 3.1 Elect Director Jonathan Mandel For For Management 3.2 Elect Director Gregory Mrva For For Management 4 Advisory Vote on Golden Parachutes For Against Management 5 Ratify Auditors For For Management -------------------------------------------------------------------------------- CUMULUS MEDIA INC. Ticker: CMLS Security ID: 231082108 Meeting Date: MAY 08, 2012 Meeting Type: Annual Record Date: MAR 23, 2012 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Lewis W. Dickey, Jr. For Withhold Management 1.2 Elect Director Ralph B. Everett For Withhold Management 1.3 Elect Director Jeffrey A. Marcus For For Management 1.4 Elect Director Arthur J. Reimers For For Management 1.5 Elect Director Eric P. Robison For Withhold Management 1.6 Elect Director Robert H. Sheridan, III For Withhold Management 1.7 Elect Director David M. Tolley For Withhold Management 2 Ratify Auditors For For Management -------------------------------------------------------------------------------- HAWAIIAN TELCOM HOLDCO, INC. Ticker: HCOM Security ID: 420031106 Meeting Date: MAY 11, 2012 Meeting Type: Annual Record Date: MAR 13, 2012 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Richard A. Jalkut For For Management 1.2 Elect Director Kurt M. Cellar For For Management 1.3 Elect Director Walter A. Dods, Jr. For For Management 1.4 Elect Director Warren H. Haruki For For Management 1.5 Elect Director Steven C. Oldham For For Management 1.6 Elect Director Bernard R. Phillips, III For For Management 1.7 Elect Director Eric K. Yeaman For For Management 2 Ratify Auditors For For Management -------------------------------------------------------------------------------- MEGA BRANDS INC. Ticker: MB Security ID: 58515N303 Meeting Date: JUN 15, 2012 Meeting Type: Annual Record Date: APR 23, 2012 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Victor J. Bertrand Sr. For For Management 1.2 Elect Director Marc Bertrand For For Management 1.3 Elect Director Vic Bertrand For For Management 1.4 Elect Director Nicola Di Iorio For For Management 1.5 Elect Director Joe Marsilii For For Management 1.6 Elect Director Benn Mikula For For Management 1.7 Elect Director Tom P. Muir For For Management 1.8 Elect Director Paul Rivett For For Management 2 Approve PricewaterhouseCoopers LLP as For For Management Auditors and Authorize Board to Fix Their Remuneration -------------------------------------------------------------------------------- SUPERMEDIA INC. Ticker: SPMD Security ID: 868447103 Meeting Date: MAY 23, 2012 Meeting Type: Annual Record Date: MAR 26, 2012 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Edward J. Bayone For For Management 1.2 Elect Director Robert C. Blattberg For For Management 1.3 Elect Director Charles B. Carden For For Management 1.4 Elect Director Thomas D. Gardner For For Management 1.5 Elect Director David E. Hawthorne For For Management 1.6 Elect Director Peter J. McDonald For For Management 1.7 Elect Director Thomas S. Rogers For For Management 1.8 Elect Director John Slater For For Management 1.9 Elect Director Douglas D. Wheat For For Management 2 Advisory Vote to Ratify Named For For Management Executive Officers' Compensation 3 Ratify Auditors For For Management ========== END N-PX REPORT SIGNATURES Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. ING PRIME RATE TRUST By: /s/ Shaun P. Mathews ------------------------------------- Shaun P. Mathews President and Chief Executive Officer Date: August 24, 2012