Cohen & Steers Select Utility Fund Announces Results of Special Meeting
November 30 2009 - 3:15PM
PR Newswire (US)
NEW YORK, Nov. 30 /PRNewswire-FirstCall/ -- Cohen & Steers
Select Utility Fund, Inc. (NYSE:UTF) announced today that at the
special meeting of stockholders on November 27, 2009, an
insufficient number of votes were submitted to approve the merger
with Cohen & Steers REIT & Utility Income Fund, Inc.
(NYSE:RTU). UTF will continue to operate as a separate company. If
the board of directors determines that a merger of UTF with RTU
remains in the best interest of stockholders, it will continue to
solicit votes to approve the proposal, announce a new record date
and reconvene the special meeting. Separately, on November 24, 2009
stockholders of UTF approved expanding UTF's investment objective
to include global infrastructure securities. UTF will change its
name to Cohen & Steers Infrastructure Fund, Inc. and its
benchmark to the UBS Global 50/50 Infrastructure & Utilities
Index. These changes, along with the transition of UTF's portfolio
to investments in global infrastructure securities, will be
effective January 1, 2010. 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. DATASOURCE: Cohen & Steers CONTACT:
Francis C. Poli, Executive Vice President, General Counsel, Cohen
& Steers, Inc., +1-212-446-9112
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