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Press release from Marketwire

Front Street Strategic Yield Fund Ltd. Declares Quarterly Dividend

Thursday, July 12, 2012

Front Street Strategic Yield Fund Ltd. Declares Quarterly Dividend16:00 EDT Thursday, July 12, 2012TORONTO, ONTARIO--(Marketwire - July 12, 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 June 30, 2012. The dividend is anticipated to be payable on or before July 13, 2012 to shareholders of record on June 29, 2012.FOR FURTHER INFORMATION PLEASE CONTACT: Investor RelationsFront Street Capital 20041-800-513-2832www.frontstreetcapital.com