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Press release from Marketwire

Front Street Strategic Yield Fund Ltd. Declares Quarterly Dividend

Thursday, September 22, 2011

Front Street Strategic Yield Fund Ltd. Declares Quarterly Dividend09:53 EDT Thursday, September 22, 2011TORONTO, ONTARIO--(Marketwire - Sept. 22, 2011) -THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICESFront Street Strategic Yield Fund Ltd. (the "Fund") (TSX:FSS), is pleased to announce a dividend of $0.125 per Equity Share for the quarter ending September 30, 2011. The dividend is anticipated to be payable on or before October 14, 2011 to shareholders of record on September 30, 2011. FOR FURTHER INFORMATION PLEASE CONTACT: Investor RelationsFront Street Capital 20041-800-513-2832www.frontstreetcapital.com