Merger Details:

Effective December 12, 2012 Front Street MLP Income Fund and Front Street MLP Income Fund II merged into a new fund Front Street U.S. MLP Income Fund Ltd. Shareholders of Front Street MLP Income Fund received .997946 Equity Shares, Series C of the new fund for each share previously held. Shareholders of Front Street MLP Income Fund II received one Equity Share of the new fund for each share previously held. Holders who held Equity Shares, Series C of Front Street MLP Income Fund II received Equity Shares, Series C of the new fund. Shareholders who held Equity Shares, Series U of Front Street MLP Income Fund II received Equity Shares, Series U of the new fund. These were tax deferred events.