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Press release from Marketwire

Front Street Strategic Yield Fund Ltd. Declares Quarterly Dividend

Tuesday, December 18, 2012

Front Street Strategic Yield Fund Ltd. Declares Quarterly Dividend16:51 EST Tuesday, December 18, 2012TORONTO, ONTARIO--(Marketwire - Dec. 18, 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) announced a dividend of $0.07 per Equity Share for the quarter ending December 31, 2012. The dividend is anticipated to be payable on or before January 15, 2013 to shareholders of record on December 31, 2012. FOR FURTHER INFORMATION PLEASE CONTACT: Contact Information: Front Street Capital 2004Investor Relations1-800-513-2832www.frontstreetcapital.com