Cohen & Steers Closed-End Funds Receive Demand Letter Regarding Auction Preferred Shares

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Jun 23, 2010, 06:53 ET

NEW YORK, June 23 /PRNewswire-FirstCall/ -- Cohen & Steers Quality Income Realty Fund, Inc. (NYSE: RQI) and Cohen & Steers Infrastructure Fund, Inc. (NYSE: UTF) (the "Funds") received a demand letter from a law firm on behalf of a common shareholder. The demand letters allege that the Funds' investment advisor, officers and Boards of Directors breached their duties related to the redemption of the Funds' auction preferred shares. A committee of independent Directors has been formed to evaluate the demand letters.

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.

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