Cohen & Steers Closed-End Funds Declare September 2009 Quarterly Distributions

• Press Release
• Source: Cohen & Steers
• On 6:48 pm EDT, Tuesday September 15, 2009

NEW YORK, Sept. 15 /PRNewswire-FirstCall/ -- The board of directors of each Cohen & Steers closed-end fund has declared a quarterly distribution payable on September 30, 2009 to shareholders of record as of September 23, 2009. The ex-dividend date is September 21, 2009. Details for each fund's September 2009 distribution follow, including the annualized yields based on NAV and market price.*

                                              Sept. '09
                                              Quarterly
                                             Distribution Annualized Yield(1)
                                      NYSE    Per Common  -------------------
    Fund                             Symbol     Share       NAV      Market
    ----                             -------  ----------  -------------------
    Cohen & Steers Advantage Income
     Realty Shares, Inc.                RLF      $0.0950       5.8%       6.8%
    -------------------------------     ---      -------       ---        ---
    Cohen & Steers Closed-End
     Opportunity Fund, Inc.             FOF      $0.2300       7.4%       7.9%
    -------------------------           ---      -------       ---        ---
    Cohen & Steers Dividend Majors
     Fund, Inc.                         DVM      $0.1250       4.2%       5.1%
    ------------------------------      ---      -------       ---        ---
    Cohen & Steers Global Income
     Builder, Inc.                      INB      $0.2800       9.9%      10.1%
    ----------------------------        ---      -------       ---       ----
    Cohen & Steers Premium Income
     Realty Fund, Inc.                  RPF      $0.0875       5.8%       6.8%
    -----------------------------       ---      -------       ---        ---
    Cohen & Steers Quality Income
     Realty Fund, Inc.                  RQI      $0.0925       5.7%       6.4%
    -----------------------------       ---      -------       ---        ---
    Cohen & Steers REIT and
     Preferred Income Fund, Inc.        RNP      $0.2000       7.0%       8.4%
    ----------------------------        ---      -------       ---        ---
    Cohen & Steers REIT and Utility
     Income Fund, Inc.                  RTU      $0.1700       6.0%       7.3%
    -------------------------------     ---      -------       ---        ---
    Cohen & Steers Select Utility
     Fund, Inc.                         UTF      $0.2400       6.2%       7.1%
    -----------------------------       ---      -------       ---        ---
    Cohen & Steers Total Return
     Realty Fund, Inc.                  RFI      $0.1250       4.9%       5.5%
    ---------------------------         ---      -------       ---        ---
    Cohen & Steers Worldwide Realty
     Income Fund, Inc.                  RWF      $0.0925       5.2%       6.0%
    -------------------------------     ---      -------       ---        ---

    (1) Yields at NAV and market price are calculated by dividing the
    annualized distribution rate (based on the each fund's September
    2009 distribution) by the NAV or market price, respectively, as of
    September 14, 2009.

* Please note that the distributions paid by a fund to shareholders are subject to recharacterization for tax purposes. The final tax treatment of these distributions is reported to shareholders on their 1099-DIV forms, which are mailed to shareholders after the close of each fiscal year. In addition, a fund may pay distributions in excess of its net investment income, and this excess may be a tax-free return of capital distributed from the fund's assets. Distributions of capital decrease a fund's total assets and, therefore, could have the effect of increasing the fund's expense ratio. In addition, in order to make these distributions, a fund may have to sell portfolio securities during unfavorable market conditions. Information concerning the estimated composition of each fund distribution will be available at cohenandsteers.com.

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, listed infrastructure and utilities, 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.

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.

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