NEW YORK, Sept. 26 /PRNewswire-FirstCall/ -- The Board of Directors of Cohen & Steers Premium Income Realty Fund, Inc. (NYSE:RPF) today declared three monthly distributions of $0.16 per common share for October, November and December 2007.* Details are as follows: The October 2007 distribution is payable on October 31, 2007 to shareholders of record on October 15, 2007. The ex-dividend date is October 11, 2007. The November 2007 distribution is payable on November 30, 2007 to shareholders of record on November 15, 2007. The ex-dividend date is November 13, 2007. The December 2007 distribution is payable on December 31, 2007 to shareholders of record on December 14, 2007. The ex-dividend date is December 12, 2007. * Please note that the distributions paid by the fund to shareholders are subject to recharacterization for tax purposes. The final tax treatment of these distributions is reported to shareholders on their 1099-DIV forms, which are mailed to shareholders after the close of each fiscal year. In addition, the fund pays distributions pursuant to a level rate distribution policy. Under this policy, the fund may pay distributions in excess of the fund's net investment company taxable income and this excess will be a tax-free return of capital distributed from the fund's assets. Distributions of capital decrease the fund's total assets and, therefore, could have the effect of increasing the fund's expense ratio. In addition, in order to make these distributions, the fund may have to sell portfolio securities at a less than opportune time. Information concerning the estimated composition of each fund distribution is available at cohenandsteers.com. DATASOURCE: Cohen & Steers Select Utility Fund, Inc. CONTACT: Frank Poli, executive vice president and general counsel, Cohen & Steers Capital Management, Inc., +1-212-446-9112 Web site: http://www.cohenandsteers.com/

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