UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-PX ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number 811-21286 Name of Fund: BlackRock Preferred Income Strategies Fund, Inc. (PSY) Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809 Name and address of agent for service: Anne Ackerley, Chief Executive Officer, BlackRock Preferred Income Strategies Fund, Inc., 40 East 52(nd) Street, New York City, NY 10022. Registrant's telephone number, including area code: (800) 882-0052, Option 4 Date of fiscal year end: 10/31 Date of reporting period: 07/01/2008 -- 06/30/2009 Item 1 -- Proxy Voting Record -- Attached hereto. 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. BlackRock Preferred Income Strategies Fund, Inc. By: /s/ Anne Ackerley Anne Ackerley Chief Executive Officer of BlackRock Preferred Income Strategies Fund, Inc. Date: August 14, 2009 ******************************* FORM N-Px REPORT ******************************* ICA File Number: 811-21286 Reporting Period: 07/01/2008 - 06/30/2009 BlackRock Preferred Income Strategies Fund, Inc. =============== BLACKROCK PREFERRED INCOME STRATEGIES FUND, INC. =============== BLACKROCK CORPORATE HIGH YIELD FUND VI INC Ticker: HYT Security ID: 09255P107 Meeting Date: SEP 12, 2008 Meeting Type: Annual Record Date: JUL 14, 2008 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director G.N. Beckwith, III For For Management 1.2 Elect Director Kent Dixon For For Management 1.3 Elect Director R. Glenn Hubbard For For Management 1.4 Elect Director W. Carl Kester For For Management 1.5 Elect Director Robert S. Salomon, Jr. For For Management 1.6 Elect Director Richard S. Davis For For Management 1.7 Elect Director Frank J. Fabozzi For For Management 1.8 Elect Director James T. Flynn For For Management 1.9 Elect Director Karen P. Robards For For Management 1.10 Elect Director Richard E. Cavanagh For For Management 1.11 Elect Director Kathleen F. Feldstein For For Management 1.12 Elect Director Henry Gabbay For For Management 1.13 Elect Director Jerrold B. Harris For For Management -------------------------------------------------------------------------------- BLACKROCK ENHANCED DIVIDEND ACHIEVERS TRUST Ticker: BDJ Security ID: 09251A104 Meeting Date: SEP 12, 2008 Meeting Type: Annual Record Date: JUL 14, 2008 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director G.N. Beckwith, III For For Management 1.2 Elect Director Kent Dixon For For Management 1.3 Elect Director R. Glenn Hubbard For For Management 1.4 Elect Director W. Carl Kester For For Management 1.5 Elect Director Robert S. Salomon, Jr. For For Management -------------------------------------------------------------------------------- BLACKROCK GLOBAL ENERGY AND RESOURCES TRUST Ticker: BGR Security ID: 09250U101 Meeting Date: SEP 12, 2008 Meeting Type: Annual Record Date: JUL 14, 2008 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director G.N. Beckwith, III For For Management 1.2 Elect Director Kent Dixon For For Management 1.3 Elect Director R. Glenn Hubbard For For Management 1.4 Elect Director W. Carl Kester For For Management 1.5 Elect Director Robert S. Salomon, Jr. For For Management -------------------------------------------------------------------------------- BLACKROCK GLOBAL FLOATING RATE INCOME TRUST Ticker: BGT Security ID: 091941104 Meeting Date: SEP 12, 2008 Meeting Type: Annual Record Date: JUL 14, 2008 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director G.N. Beckwith, III For For Management 1.2 Elect Director Kent Dixon For For Management 1.3 Elect Director R. Glenn Hubbard For For Management 1.4 Elect Director Robert S. Salomon, Jr. For For Management -------------------------------------------------------------------------------- BLACKROCK INTERNATIONAL GROWTH AND INCOME TRUST Ticker: BGY Security ID: 092524107 Meeting Date: SEP 12, 2008 Meeting Type: Annual Record Date: JUL 14, 2008 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director G.N. Beckwith, III For For Management 1.2 Elect Director Kent Dixon For For Management 1.3 Elect Director R. Glenn Hubbard For For Management 1.4 Elect Director W. Carl Kester For For Management 1.5 Elect Director Robert S. Salomon, Jr. For For Management -------------------------------------------------------------------------------- BLACKROCK LIMITED DURATION INCOME TRUST Ticker: BLW Security ID: 09249W101 Meeting Date: SEP 12, 2008 Meeting Type: Annual Record Date: JUL 14, 2008 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director G.N. Beckwith, III For For Management 1.2 Elect Director Kent Dixon For For Management 1.3 Elect Director R. Glenn Hubbard For For Management 1.4 Elect Director W. Carl Kester For For Management 1.5 Elect Director Robert S. Salomon, Jr. For For Management -------------------------------------------------------------------------------- BLACKROCK PREFERRED & EQUITY ADVANTAGE TRUST Ticker: BTZ Security ID: 092508100 Meeting Date: SEP 12, 2008 Meeting Type: Annual Record Date: JUL 14, 2008 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director G.N. Beckwith, III For For Management 1.2 Elect Director Kent Dixon For For Management 1.3 Elect Director R. Glenn Hubbard For For Management 1.4 Elect Director Robert S. Salomon, Jr. For For Management -------------------------------------------------------------------------------- HBOS PLC Ticker: Security ID: 42205MAC0 Meeting Date: DEC 12, 2008 Meeting Type: Special Record Date: NOV 10, 2008 # Proposal Mgt Rec Vote Cast Sponsor 1 IF BNYM AS DEPOSITARY IS SOLE HOLDER OF For Did Not Vote Management HBOS 6.657% PREF. SHARES AT 5:00 PM ON DECEMBER 9, 2008, IT WILL CONSENT TO APPROVAL OF PREF. SCHEME AT HBOS 6.657% PREF. COURT MEETING IN PLACE OF VOTING AT THE HBOS 6.657% PREF. COURT MEETING. 2 APPROVAL OF PREFERENCE SHARE SCHEME; For Did Not Vote Management CREATION AND ALLOTMENT OF NEW PREFERENCE SHARES; AMENDMENT OF ARTICLES; RECLASSIFICATION OF PREFERENCE SHARES. 3 REDUCTION OF SHARE CAPITAL BY For Did Not Vote Management CANCELLATION OF 6.657% PREFERENCE SHARES. -------------------------------------------------------------------------------- PACIFIC GAS & ELECTRIC COMPANY Ticker: PCG.PA Security ID: 694308206 Meeting Date: MAY 13, 2009 Meeting Type: Annual Record Date: MAR 16, 2009 # Proposal Mgt Rec Vote Cast Sponsor 1 Elect Director David R. Andrews For Did Not Vote Management 2 Elect Director C. Lee Cox For Did Not Vote Management 3 Elect Director Peter A. Darbee For Did Not Vote Management 4 Elect Director Maryellen C. Herringer For Did Not Vote Management 5 Elect Director Roger H. Kimmel For Did Not Vote Management 6 Elect Director Richard A. Meserve For Did Not Vote Management 7 Elect Director Forrest E. Miller For Did Not Vote Management 8 Elect Director Barbara L. Rambo For Did Not Vote Management 9 Elect Director Barry Lawson Williams For Did Not Vote Management 10 Ratify Auditors For Did Not Vote Management ========== END NPX REPORT