David A. Conway

Front Street Strategic Yield Fund Ltd. is a closed-end investment fund/investment trust. It intends to provide holders of equity shares with quarterly tax-advantaged cash distributions and to maximize risk adjusted returns to shareholders, consisting primarily of tax-advantaged distributions, while preserving capital through exposure to the portfolio that focuses primarily on convertible debentures and warrants of Canadian issuers and to a lesser extent on merger arbitrage. The company was founded on March 26, 2010 and is headquartered in Toronto, Canada.

Front Street MLP Income Fund Ltd. is a closed-end investment fund/investment trust. The fund has been created to provide exposure to the performance of an actively managed, diversified portfolio of energy infrastructure master limited partnerships. It intends to provide equity shares holders with quarterly tax advantaged cash distributions and also with long-term capital appreciation. Front Street MLP Income Fund was founded on September 28, 2010 and is headquartered in Toronto, Canada.

Front Street Capital 2004 provides investment advice. The private company is based in Toronto, Canada. and has subsidiaries in Canada.

Royal Trust Corp. of Canada (Royal Trust) is an investment management division of Royal Bank of Canada, (TSX: RY, NYSE: RY). The firm is headquartered in Toronto, Ontario. Royal Trust provides wealth and trust management services to clients worldwide.

CIBC Trust Corp. provides financial and investment management services. It is headquartered in Toronto, Canada.

Front Street MLP Income Fund II Ltd. is an investment fund company. The fund has been created to provide the unit holders with exposure to the performance of an actively managed, diversified notional portfolio of energy infrastructure master limited partnerships that are U.S. limited partnerships or limited liability companies publicly traded on U.S. securities exchanges and primarily engaged in the transportation, storage, processing, refining, marketing, exploration and production and mining of minerals or natural resources; and seek to provide Canadian investors with the benefits of exposure to the MLP asset class, including high levels of cash distributions; the opportunity for capital appreciation; and protection against inflation. Its investment objectives are to provide shareholders with quarterly tax-advantaged cash distributions and long-term capital appreciation, through its economic exposure to the MLP Portfolio through the Forward Agreement. The company was founded on March 23, 2011 and is headquartered in Toronto, Canada.

Front Street US MLP Income Fund Ltd. operates as Closed-End Investment Fund/Investment Trust. The company was founded on April 28, 2011 and is headquartered at Toronto, Canada.

Kawartha Asset Management, Inc. (KAM) is a Canada-based independent investment adviser headquartered in Toronto, Ontario. The firm was founded by Normand Lamarche and provides investment advisory services to their clients.