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: 811-22473

Stone Harbor Emerging Markets Income Fund

(Exact name of registrant as specified in charter)

1290 Broadway, Suite 1100

Denver, CO 80203

(Address of principal executive offices) (Zip code)

Adam J. Shapiro, Esq.

c/o Stone Harbor Investment Partners LP

31 West 52nd Street, 16th Floor

New York, NY 10019

(Name and address of agent for service)

With copies To:

John M. Loder, Esq.

Ropes & Gray LLP

One International Place

Boston, MA 02110-2624

Registrant’s telephone number, including area code: (303) 623-2577

Date of fiscal year end: May 31

Date of reporting period: July 1, 2011-June 30, 2012

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Item 1 – Proxy Voting Record.

EMERGING MARKETS INCOME FUND

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Fund Name

Company

Ticker

CUSIP

Meeting Date

A brief identification of the matter  voted on

Proposed by Issuer or Security Holder

Voted

Vote Cast

With or Against Management

To re-elect as a Director:

1) Mr. Rodney Chase

2) Dr. Tony Hayward

3) Mr. Julian Metherell

4) Sir Graham Hearner

5) Mr. Jim Leng

6) Mr. Mehmet Ogutcu

7) Mr. Mark Parris

8) Mr. George Rose

9) Mr. Nathaniel Rothschild

10) Mrs. Guisun Nazli Karamehmet Williams

EMERGING MARKETS INCOME FUND

Genel Energy PLC

GENL

ID: JE00B55Q3P39

5/22/2012

11) Mr. Murat Yazici 12) Mr. Chakib Sbiti

Issuer

Yes

For

With

EMERGING MARKETS INCOME FUND

Genel Energy PLC

GENL

ID: JE00B55Q3P39

5/22/2012

To re-appoint Pricewaterhouse Coopers LLP as the Company’s auditors

Issuer

Yes

For

With

EMERGING MARKETS INCOME FUND

Genel Energy PLC

GENL

ID: JE00B55Q3P39

5/22/2012

To authorize the Directors to agree the Auditor’s remuneration

Issuer

Yes

For

With

EMERGING MARKETS INCOME FUND

Genel Energy PLC

GENL

ID: JE00B55Q3P39

5/22/2012

To approve the Performance Share Plan and authorize the Directors to adopt further plans based on the Performance Share Plan

Issuer

Yes

For

With

EMERGING MARKETS INCOME FUND

Genel Energy PLC

GENL

ID: JE00B55Q3P39

5/22/2012

To give the Company limited authority to make political donations and expenditure

Issuer

Yes

For

With

EMERGING MARKETS INCOME FUND

Genel Energy PLC

GENL

ID: JE00B55Q3P39

5/22/2012

To generally and unconditionally authorize the Directors to allot shares up to a specified amount (Including for such purposes the transfer by the Company of any treasury shares)

Issuer

Yes

For

With

EMERGING MARKETS INCOME FUND

Genel Energy PLC

GENL

ID: JE00B55Q3P39

5/22/2012

To authorize the Directors to allot shares and sell treasury shares for cash without making a pre-emptive offer to shareholders.

Issuer

Yes

For

With

EMERGING MARKETS INCOME FUND

Genel Energy PLC

GENL

ID: JE00B55Q3P39

5/22/2012

To authorize the Company to purchase its voting ordinary shares

Issuer

Yes

For

With

EMERGING MARKETS INCOME FUND

Genel Energy PLC

GENL

ID: JE00B55Q3P39

5/22/2012

To permit the Company to hold general meetings, other than an annual general meeting, on not less than 14 clear days’ notice

Issuer

Yes

For

With

EMERGING MARKETS INCOME FUND

Genel Energy PLC

GENL

ID: JE00B55Q3P39

5/22/2012

To amend the articles of association of the Company to allow all annual general meetings and other general meetings to be held at such place as may be determined by the Directors

Issuer

Yes

For

With

EMERGING MARKETS INCOME FUND

Genel Energy PLC

GENL

ID: JE00B55Q3P39

5/22/2012

To receive the accounts and the reports of the Directors and the Auditors for the year ended December 31,2011

Issuer

Yes

For

With

EMERGING MARKETS INCOME FUND

Genel Energy PLC

GENL

ID: JE00B55Q3P39

5/22/2012

To approve the Director’s Remuneration Report for the year ended December 31,2011

Issuer

Yes

For

With

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SIGNATURE

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.