Cohen & Steers Closed-end Funds Declare September 2010 Distributions and Announce Level Rate Distribution Policy

NEW YORK, Sept. 15 /PRNewswire/ -- The boards of directors of Cohen & Steers Closed-end Funds have adopted a level rate distribution policy for the funds and declared third quarter distributions, which reflect an increase in certain funds' regular quarterly distribution rates. Details for each fund's distributions follow.  The distributions are payable on September 30, 2010 to shareholders of record on September 24, 2010. The ex-dividend date is September 22, 2010.

Effective immediately, the funds will begin paying regular quarterly cash distributions to common shareholders at a level rate, which may be adjusted from time to time, based on the projected performance of the Fund. At times, to maintain a stable level of distributions, a fund may pay out more than its net investment income, possibly resulting in a return of capital which may be taxable as ordinary income.

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) 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 REITs held by a fund.

The amount and composition of each fund's distribution is disclosed quarterly at cohenandsteers.com; however, this information may change at the end of the year because the final tax characteristics of all fund distributions cannot be determined with certainty until after the end of the calendar year.  Final tax characteristics of all fund distributions will be provided on Form 1099-DIV, which is mailed after the close of the calendar year.

More information is 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 manages alternative investment strategies such as hedged real estate securities portfolios and private real estate multi-manager strategies for qualified investors. 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.

SOURCE Cohen & Steers, Inc.