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 811-21331 Wells Fargo Advantage Multi-Sector Income _____________________________________________________ (Exact name of registrant as specified in charter) 525 Market Street, San Francisco, CA 94105 _____________________________________________________ (Address of principal executive offices) (Zip Code) C. David Messman Wells Fargo Funds Management, LLC 525 Market Street San Francisco, CA 94105 _____________________________________________________ (Name and address of agent for service) Registrant's telephone number, including area code: 800-222-8222 Date of fiscal year-end: 10/31 Date of reporting period: 07/01/11 - 06/30/12 Item 1. Proxy Voting Record ========= WELLS FARGO ADVANTAGE MULTI-SECTOR INCOME FUND (Closed End) ========== STRATUS TECHNOLOGIES BERMUDA LTD. Ticker: Security ID: 894992C95 Meeting Date: AUG 05, 2011 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and For Did Not Vote Management Statutory Reports (Voting) 2 Ratify PricewaterhouseCoopers as For Did Not Vote Management Auditors 3 Fix Number of Directors at 15 For Did Not Vote Management 4 Elect Directors (Bundled) For Did Not Vote Management 5 Authorize Board to Fill Vacancies For Did Not Vote Management 6 Elect Alternate Directors For Did Not Vote Management -------------------------------------------------------------------------------- STRATUS TECHNOLOGIES BERMUDA LTD. Ticker: Security ID: 899991129 Meeting Date: AUG 05, 2011 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and For Did Not Vote Management Statutory Reports (Voting) 2 Ratify PricewaterhouseCoopers as For Did Not Vote Management Auditors 3 Fix Number of Directors at 15 For Did Not Vote Management 4 Elect Directors (Bundled) For Did Not Vote Management 5 Authorize Board to Fill Vacancies For Did Not Vote Management 6 Elect Alternate Directors For Did Not Vote Management -------------------------------------------------------------------------------- STRATUS TECHNOLOGIES BERMUDA LTD. Ticker: Security ID: 894992C95 Meeting Date: AUG 05, 2011 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Acknowledge Proper Convening of Meeting For Did Not Vote Management 2 Accept Financial Statements and For Did Not Vote Management Statutory Reports (Voting) 3 Appoint PricewaterhouseCoopers as For Did Not Vote Management Auditors 4 Fix Number of Directors at 15 (Fifteen) For Did Not Vote Management 5 Approve Appointment of Directors and For Did Not Vote Management Officers 6 Authorize Board to Ratify and Execute For Did Not Vote Management Approved Resolutions -------------------------------------------------------------------------------- STRATUS TECHNOLOGIES BERMUDA LTD. Ticker: Security ID: 899991129 Meeting Date: AUG 05, 2011 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Acknowledge Proper Convening of Meeting For Did Not Vote Management 2 Accept Financial Statements and For Did Not Vote Management Statutory Reports (Voting) 3 Appoint PricewaterhouseCoopers as For Did Not Vote Management Auditors 4 Fix Number of Directors at 15 (Fifteen) For Did Not Vote Management 5 Approve Appointment of Directors and For Did Not Vote Management Officers 6 Authorize Board to Ratify and Execute For Did Not Vote Management Approved Resolutions -------------------------------------------------------------------------------- TRUMP ENTERTAINMENT RESORTS, INC. Ticker: TRMPQ Security ID: 89816T202 Meeting Date: NOV 03, 2011 Meeting Type: Annual Record Date: SEP 13, 2011 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Robert F. Griffin For For Management 1.2 Elect Director Eugene I. Davis For For Management 2 Approve Omnibus Stock Plan For For Management ========== END NPX 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, THERE UNTO DULY AUTHORIZED. WELLS FARGO ADVANTAGE MULTI-SECTOR INCOME *BY: /S/ KARLA M. RABUSCH KARLA M. RABUSCH, PRESIDENT OF WELLS FARGO FUNDS MANAGEMENT, LLC, AND EXECUTIVE VICE PRESIDENT OF WELLS FARGO BANK, N.A. DATE: AUGUST 15, 2012 *BY: /S/ ANDREW OWEN ANDREW OWEN, EXECUTIVE VICE PRESIDENT OF WELLS FARGO FUNDS MANAGEMENT, LLC. *EXECUTED BY ANDREW OWEN ON BEHALF OF KARLA M. RABUSCH PURSUANT TO A POWER OF ATTORNEY INCORPORATED BY REFERENCE AND FILED AUGUST 31, 2007.