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Cohen & Steers Closed-End Funds Declare December 2012 Quarterly Distributions

NEW YORK, Dec. 11, 2012 /PRNewswire/ -- The Boards of Directors of Cohen & Steers closed-end funds (the "Funds") have declared fourth quarter 2012 distributions payable on December 31, 2012 to shareholders of record on December 21, 2012. The ex-dividend date is December 19, 2012.

                Fund

                          NYSE

                         Symbol

Quarterly

Distribution

Per Share


Cohen & Steers

Closed-End Opportunity Fund, Inc.

FOF

$0.2600






Cohen & Steers

Dividend Majors Fund, Inc.

DVM

$0.2300






Cohen & Steers

Global Income Builder, Inc.

INB

$0.2800






Cohen & Steers

Infrastructure Fund, Inc.

UTF

$0.3600






Cohen & Steers

REIT and Preferred Income Fund, Inc.

RNP

$0.3000










 

The Funds pay regular quarterly cash distributions to common shareholders at a level rate that may be adjusted from time to time, based on the projected income of a Fund. The amount of quarterly distributions may vary depending on a number of factors, including changes in portfolio and market conditions. Each Fund's distributions reflect net investment income, and may also include net realized capital gains and/or return of capital.  Return of capital includes distributions paid by a fund in excess of its net investment income, and such excess is distributed from the fund's assets.   Under federal tax regulations, some or all of the return of capital distributed by a fund may be taxed as ordinary income.

In addition, distributions for Funds investing in real estate investment trusts (REITs) and closed-end funds (CEFs) may later be characterized as capital gains and/or a return of capital, depending on the character of the dividends reported to each Fund after year-end by the REITs and CEFs held by a Fund.

The amount and composition of each Fund's distribution is disclosed quarterly at cohenandsteers.com; however, this information may change after each calendar year end once the final tax characteristics of all Fund distributions can be determined with certainty.  Final tax characteristics of all Fund distributions will be provided on Form 1099-DIV, which is mailed after the close of each calendar year.

More information is available at cohenandsteers.com.

Symbol: NYSE: CNS

About Cohen & Steers. Founded in 1986, Cohen & Steers is a leading global investment manager focused on global real estate securities, global listed infrastructure, real assets, large cap value stocks and preferred securities. The company also manages alternative investment strategies for qualified investors such as hedged real estate securities portfolios and private real estate strategies. Headquartered in New York City, with offices in London, Brussels, Hong Kong, Tokyo and Seattle, Cohen & Steers serves institutional and individual investors around the world.

SOURCE Cohen & Steers, Inc.

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

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