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Press release from Marketwire

Front Street Strategic Yield Fund Ltd. Declares Quarterly Dividend

Wednesday, September 12, 2012

Front Street Strategic Yield Fund Ltd. Declares Quarterly Dividend16:40 EDT Wednesday, September 12, 2012TORONTO, ONTARIO--(Marketwire - Sept. 12, 2012) -THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES.Front 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 September 30, 2012. The dividend is anticipated to be payable on or before October 15, 2012 to shareholders of record on September 28, 2012. FOR FURTHER INFORMATION PLEASE CONTACT: Investor RelationsFront Street Capital 20041-800-513-2832www.frontstreetcapital.com