Front Street Capital 2004

Front Street Capital 2004

June 11, 2013 16:20 ET

Front Street Capital To Terminate Front Street Strategic Yield Fund Ltd.

TORONTO, ONTARIO--(Marketwired - June 11, 2013) -

NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER U.S. WIRE SERVICES

Front Street Capital 2004 (the "Manager"), in its capacity as manager of Front Street Strategic Yield Fund Ltd. (the "Fund"), and the board of directors of the Fund have decided to terminate the Fund effective August 12, 2013 (the "Termination Date"), unless the Manager obtains satisfactory assurances from the Department of Finance within the next 30 days that the previously announced merger of the Fund with Front Street U.S. MLP Income Fund Ltd. ("FS U.S. MLP"), and the resultant increase in the size of the forward agreements previously entered into by FS U.S. MLP, will not have adverse tax consequences for the shareholders of FS U.S. MLP in light of the proposed changes in tax law announced in the recent Federal budget. If no such assurances are received by July 11, 2013, the merger will not be implemented and the Fund will terminate on the Termination Date.

This notice is provided to you in accordance with applicable securities legislations and the requirements of the articles of incorporation and the management agreement of the Fund. Shareholders should consult their own advisors for advice about their specific circumstances, including any tax consequences.

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