NEW YORK, June 30 /PRNewswire-FirstCall/ -- Cohen & Steers
announced today that its closed-end funds will redeem all remaining
auction market preferred securities (AMPS). The redemption of
$922.7 million AMPS brings the total amount redeemed to $3.521
billion, representing 100% of the AMPS issued. The newly announced
redemptions will be at full value, together with any accrued and
unpaid dividends thereon, in the amounts indicated below. Cohen
& Steers Worldwide Realty Income Fund, Inc. (NYSE:RWF) Series
CUSIP Number Number of Shares Amount Redemption Date Redeemed
Redeemed M7 19248J209 600 $15,000,000 July 21, 2009 W28 19248J308
600 $15,000,000 July 24, 2009 Cohen & Steers Advantage Income
Realty Fund, Inc. (NYSE:RLF) Series CUSIP Number Number of Shares
Amount Redemption Date Redeemed Redeemed M 19247W201 423
$10,575,000 July 21, 2009 W 19247W300 423 $10,575,000 July 23, 2009
TH 19247W409 346 $ 8,650,000 July 24, 2009 F28 19247W508 366 $
9,150,000 July 24, 2009 T7 19247W607 440 $11,000,000 July 22, 2009
Cohen & Steers Premium Income Realty Fund, Inc. (NYSE:RPF)
Series CUSIP Number Number of Shares Amount Redemption Date
Redeemed Redeemed M 19247V203 350 $ 8,750,000 July 21, 2009 T
19247V302 350 $ 8,750,000 July 22, 2009 F 19247V401 350 $ 8,750,000
July 20, 2009 TH 19247V500 350 $ 8,750,000 July 24, 2009 M28
19247V609 297 $ 7,425,000 July 21, 2009 W28 19247V708 495
$12,375,000 July 23, 2009 Cohen & Steers Quality Income Realty
Fund, Inc. (NYSE:RQI) Series CUSIP Number Number of Shares Amount
Redemption Date Redeemed Redeemed T 19247L205 464 $11,600,000 July
22, 2009 TH 19247L304 464 $11,600,000 July 24, 2009 F 19247L403 464
$11,600,000 July 20, 2009 W 19247L502 464 $11,600,000 July 24, 2009
M-28 19247L601 396 $ 9,900,000 July 24, 2009 M-7 19247L700 621
$15,525,000 July 21, 2009 Cohen & Steers REIT and Preferred
Income Fund, Inc. (NYSE:RNP) Series CUSIP Number Number of Shares
Amount Redemption Date Redeemed Redeemed M7 19247X209 723
$18,075,000 July 21, 2009 T7 19247X308 723 $18,075,000 July 22,
2009 W7 19247X407 723 $18,075,000 July 23, 2009 TH7 19247X506 723
$18,075,000 July 24, 2009 F7 19247X605 723 $18,075,000 July 20,
2009 W28A 19247X704 617 $15,425,000 July 23, 2009 W28B 19247X803
617 $15,425,000 July 24, 2009 TH28 19247X860 485 $12,125,000 July
24, 2009 T28 19247X878 449 $11,225,000 July 24, 2009 W28C 19247X886
617 $15,425,000 July 24, 2009 Cohen & Steers Select Utility
Fund, Inc. (NYSE:UTF) Series CUSIP Number Number of Shares Amount
Redemption Date Redeemed Redeemed M7 19248A208 1,497 $37,425,000
July 21, 2009 T7 19248A307 1,497 $37,425,000 July 22, 2009 W7
19248A406 1,497 $37,425,000 July 23, 2009 TH28 19248A505 1,497
$37,425,000 July 24, 2009 F7 19248A604 1,497 $37,425,000 July 20,
2009 T28 19248A703 1,179 $29,475,000 July 22, 2009 T7-2 19248A802
1,497 $37,425,000 July 22, 2009 TH7 19248A877 1,319 $32,975,000
July 24, 2009 Cohen & Steers REIT and Utility Income Fund, Inc.
(NYSE:RTU) Series CUSIP Number Number of Shares Amount Redemption
Date Redeemed Redeemed M7 19247Y207 955 $23,875,000 July 21, 2009
T7 19247Y306 955 $23,875,000 July 22, 2009 W7 19247Y405 955
$23,875,000 July 23, 2009 TH7 19247Y504 955 $23,875,000 July 24,
2009 F7 19247Y603 955 $23,875,000 July 20, 2009 T28 19247Y702 854
$21,350,000 July 24, 2009 F28 19247Y801 854 $21,350,000 July 20,
2009 T7-2 19247Y850 1,083 $27,075,000 July 22, 2009 M28 19247Y876
626 $15,650,000 July 24, 2009 W28 19247Y884 854 $21,350,000 July
24, 2009 Cohen & Steers Global Income Builder, Inc. (NYSE:INB)
Series CUSIP Number Number of Shares Amount Redemption Date
Redeemed Redeemed W7 19248M202 1,720 $43,000,000 July 23, 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. 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
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; (3) the
effects of changes in market and economic conditions, including
higher costs and expenses associated with refinancing; (4) other
legal and regulatory developments; and (5) 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
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