NEW YORK, March 19 /PRNewswire-FirstCall/ -- Cohen & Steers
announced today that its closed-end funds will redeem $331 million
of their auction market preferred securities (AMPS), bringing the
total amount redeemed to $2.626 billion or approximately 74% of
AMPS issued. The newly announced redemptions will be at par value
and on a pro rata basis in the amounts indicated below.* The firm
continues to evaluate ways to provide liquidity to the funds' AMPS
holders, and will keep all shareholders informed as further
information regarding AMPS redemptions becomes available. For more
information and periodic updates, please visit cohenandsteers.com.
Cohen & Steers Worldwide Realty Income Fund, Inc. (NYSE:RWF)
Series CUSIP Number Number of Shares Amount Redemption Date
Redeemed Redeemed M7 19248J209 300 $7,500,000 March 27, 2009 W28
19248J308 300 $7,500,000 March 26, 2009 Cohen & Steers
Advantage Income Realty Fund, Inc. (NYSE:RLF) Series CUSIP Number
Number of Shares Amount Redemption Date Redeemed Redeemed M
19247W201 263 $6,575,000 March 27, 2009 W 19247W300 263 $6,575,000
March 26, 2009 TH 19247W409 214 $5,350,000 March 27, 2009 F28
19247W508 227 $5,675,000 March 27, 2009 T7 19247W607 273 $6,825,000
March 25, 2009 Cohen & Steers Premium Income Realty Fund, Inc.
(NYSE:RPF) Series CUSIP Number Number of Shares Amount Redemption
Date Redeemed Redeemed M 19247V203 243 $6,075,000 March 27, 2009 T
19247V302 243 $6,075,000 March 25, 2009 F 19247V401 243 $6,075,000
March 26, 2009 TH 19247V500 243 $6,075,000 March 27, 2009 M28
19247V609 205 $5,125,000 March 27, 2009 W28 19247V708 343
$8,575,000 March 27, 2009 Cohen & Steers Quality Income Realty
Fund, Inc. (NYSE:RQI) Series CUSIP Number Number of Shares Amount
Redemption Date Redeemed Redeemed T 19247L205 316 $7,900,000 March
25, 2009 TH 19247L304 316 $7,900,000 March 27, 2009 F 19247L403 316
$7,900,000 March 26, 2009 W 19247L502 316 $7,900,000 March 26, 2009
M28 19247L601 272 $6,800,000 March 27, 2009 M7 19247L700 424
$10,600,000 March 27, 2009 Cohen & Steers REIT and Preferred
Income Fund, Inc. (NYSE:RNP) Series CUSIP Number Number of Shares
Amount Redemption Date Redeemed Redeemed M7 19247X209 425
$10,625,000 March 27, 2009 T7 19247X308 425 $10,625,000 March 25,
2009 W7 19247X407 425 $10,625,000 March 26, 2009 TH7 19247X506 425
$10,625,000 March 27, 2009 F7 19247X605 425 $10,625,000 March 26,
2009 W28A 19247X704 362 $9,050,000 March 27, 2009 W28B 19247X803
362 $9,050,000 March 27, 2009 TH28 19247X860 285 $7,125,000 March
27, 2009 T28 19247X878 264 $6,600,000 March 25, 2009 W28C 19247X886
362 $9,050,000 March 27, 2009 Cohen & Steers Select Utility
Fund, Inc. (NYSE:UTF) Series CUSIP Number Number of Shares Amount
Redemption Date Redeemed Redeemed M7 19248A208 26 $650,000 March
27, 2009 T7 19248A307 26 $650,000 March 25, 2009 W7 19248A406 26
$650,000 March 26, 2009 TH28 19248A505 26 $650,000 March 27, 2009
F7 19248A604 26 $650,000 March 26, 2009 T28 19248A703 21 $525,000
March 27, 2009 T7-2 19248A802 26 $650,000 March 25, 2009 TH7
19248A877 23 $575,000 March 27, 2009 Cohen & Steers REIT and
Utility Income Fund, Inc. (NYSE:RTU) Series CUSIP Number Number of
Shares Amount Redemption Date Redeemed Redeemed M7 19247Y207 418
$10,450,000 March 27, 2009 T7 19247Y306 418 $10,450,000 March 25,
2009 W7 19247Y405 418 $10,450,000 March 26, 2009 TH7 19247Y504 418
$10,450,000 March 27, 2009 F7 19247Y603 418 $10,450,000 March 26,
2009 T28 19247Y702 374 $9,350,000 March 27, 2009 F28 19247Y801 374
$9,350,000 March 26, 2009 T7-2 19247Y850 474 $11,850,000 March 25,
2009 M28 19247Y876 274 $6,850,000 March 27, 2009 W28 19247Y884 374
$9,350,000 March 27, 2009 About Cohen & Steers Cohen &
Steers is a manager of income-oriented equity portfolios
specializing in U.S. and international real estate securities,
large cap value stocks, utilities and listed infrastructure, and
preferred securities. The company also offers alternative
investment strategies such as hedged real estate securities
portfolios and private real estate multimanager strategies.
Headquartered in New York City, with offices in London, Brussels,
Hong Kong and Seattle, Cohen & Steers serves individual and
institutional investors through a broad range of investment
vehicles. * Redemptions will be allocated among participating
broker/dealers by the Depository Trust Company using a
predetermined methodology, and each broker/dealer will allocate the
redeemed shares to the underlying beneficiaries according to its
own procedures. Forward-Looking Statements This press release and
other statements that Cohen & Steers may make may contain
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934, which reflect the company's current views with respect
to, among other things, its operations and financial performance.
You can identify these forward-looking statements by the use of
words such as "outlook," "believes," "expects," "potential,"
"continues," "may," "will," "should," "seeks," "approximately,"
"predicts," "intends," "plans," "estimates," "anticipates" or the
negative versions of these words or other comparable words. Such
forward-looking statements are subject to various risks and
uncertainties. Accordingly, there are or will be important factors
that could cause actual outcomes or results to differ materially
from those indicated in these statements. The company undertakes no
obligation to publicly update or review any forward-looking
statement, whether as a result of new information, future
developments or otherwise. The following factors, among others,
could cause actual results to differ materially from
forward-looking statements: (1) the ability of Cohen & Steers
and the Cohen & Steers closed-end funds that have issued AMPS
to develop and finalize fund-by-fund specific proposals to
restructure the leverage of such funds; (2) the need for such Cohen
& Steers funds to obtain formal fund-by-fund approval from the
funds' Board of Directors for certain types of specific proposals
as they are developed and finalized; (3) the ability of such Cohen
& Steers funds to negotiate and obtain from third parties the
necessary debt facilities and other commitments and agreements
necessary for the Cohen & Steers funds to refinance all or a
portion of their leverage on terms and conditions acceptable to the
funds and in a timely manner; (4) the effects of changes in market
and economic conditions, including higher costs and expenses
associated with refinancing; (5) other legal and regulatory
developments; and (6) other additional risks and uncertainties.
DATASOURCE: Cohen & Steers CONTACT: Francis C. Poli, Executive
Vice President and General Counsel of Cohen & Steers Inc.,
+1-212-446-9112 Web Site: http://www.cohenandsteers.com/
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