Cohen & Steers Announces Approval of Merger of Cohen & Steers Dividend Majors Fund, Inc. and Cohen & Steers Total Return Realty Fund, Inc.

PR Newswire

NEW YORK, April 24, 2014 /PRNewswire/ -- Cohen & Steers Dividend Majors Fund, Inc. (DVM) and Cohen & Steers Total Return Realty Fund, Inc. (RFI) announced today the results of the special joint meeting of stockholders.  DVM announced that its stockholders approved the reorganization of DVM with and into RFI.  RFI announced that its stockholders approved the issuance of additional shares of RFI common stock in connection with the reorganization with DVM.  The reorganization is expected to occur no later than June 20, 2014. 

Stockholders of RFI also approved changes to certain fundamental investment policies of RFI, including (i) amending the Fund's fundamental investment policy with respect to making loans;  (ii) converting to non-fundamental its current fundamental investment restriction regarding limits on the Fund's ability to enter into short sales of securities or maintain short positions; and (iii) converting to non-fundamental its current fundamental investment restriction regarding the purchase of securities on margin.  Stockholders of RFI did not approve an amendment to RFI's charter to authorize the Board of Directors from time to time to amend the charter to increase or decrease the number of authorized shares of stock of any class or series without further action by the stockholders. 

Further information regarding the funds is available at cohenandsteers.com

Website: http://cohenandsteers.com/
Symbol: NYSE: DVM, RFI, CNS

About Cohen & Steers. Founded in 1986, Cohen & Steers is a leading global investment manager with a long history of innovation and a focus on real assets, including real estate, infrastructure and commodities. Headquartered in New York City, with offices in London, Hong Kong, Tokyo and Seattle, Cohen & Steers serves institutional and individual investors around the world.

Rates

View Comments (0)