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Press release from Marketwire

Front Street Strategic Yield Fund Ltd. Declares Quarterly Dividend

Thursday, March 22, 2012

Front Street Strategic Yield Fund Ltd. Declares Quarterly Dividend16:05 EDT Thursday, March 22, 2012TORONTO, ONTARIO--(Marketwire - March 22, 2012) -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 $0.15 per Equity Share for the quarter ending March 31, 2012. The dividend is anticipated to be payable on or before April 13, 2012 to shareholders of record on March 30, 2012. FOR FURTHER INFORMATION PLEASE CONTACT: Investor RelationsFront Street Capital 20041-800-513-2832www.frontstreetcapital.com