NEW YORK, Oct. 30 /PRNewswire-FirstCall/ -- Cohen & Steers Capital Management, Inc., the investment advisor to Cohen & Steers Dividend Value Fund, Inc., announced estimated short-term and long-term capital gain distributions for the fund as follows: Cohen & Steers Dividend Value Fund, Inc. (NASDAQ:DVFAXNASDAQ:DVFCXNASDAQ:DVFIX) $0.15-$0.25 per share-Short-Term $0.01-$0.05 per share-Long-Term The distributions are payable on November 20, 2007 to shareholders of record on November 19, 2007. The ex-dividend date is November 20, 2007. The numbers identified above represent estimates and are subject to change based on portfolio, market and shareholder activity, and tax adjustments. Actual capital gain distributions will appear on shareholders' 1099-DIV forms, which will be mailed in early 2008. Shareholders should keep in mind that certain broker-dealers may distribute information on fund capital gain distributions based on preliminary data and subsequently distribute revised reports after the fund calculates final distribution amounts for the 2007 tax year. You can find more information regarding the tax character of fund distributions by visiting the Cohen & Steers Web site at cohenandsteers.com. Shareholders will receive notification in a Form 1099-DIV of the exact composition of all distributions for the year and the related tax treatment. Cohen & Steers Capital Management, Inc. is a wholly owned subsidiary of Cohen & Steers, Inc., a publicly traded company whose common stock is listed on the New York Stock Exchange under the symbol "CNS." DATASOURCE: Cohen & Steers Dividend Value Fund, Inc. CONTACT: Francis C. Poli, executive vice president and general counsel of Cohen & Steers Capital Management, Inc., +1-212-446-9112 Web site: http://www.cohenandsteers.com/

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