Front Street Long/Short Income Fund
TSX : FLS.UN

Front Street Long/Short Income Fund

July 16, 2007 18:46 ET

Front Street Long/Short Income Fund Unitholder Meeting

TORONTO, ONTARIO--(Marketwire - July 16, 2007) -

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

Front Street Capital 2004, the manager of Front Street Long/Short Income Fund (the "Long/Short Fund") (TSX:FLS.UN), announced that at today's special meeting unitholders of the Long/Short Fund approved an extraordinary resolution to authorize the merger of the Long/Short Fund into Front Street Rollover Fund Limited.

The effective date of the merger is expected to be on or about August 9, 2007, subject to all necessary regulatory approvals being obtained. Complete details of the merger plan are outlined in the circular of the Long/Short Fund dated June 4, 2007 (available at www.sedar.com and www.frontstreetcapital.com).

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