Cohen & Steers Realty Shares, Inc. Announces Distribution
December 31 2007 - 7:50PM
PR Newswire (US)
NEW YORK, Dec. 31 /PRNewswire-FirstCall/ -- The Board of Directors
of Cohen & Steers Realty Shares, Inc.
(NASDAQ:CSRSXNASDAQ:CusipNASDAQ:No.NASDAQ:192476109) has declared a
distribution of $12.268 per share, $0.494 of which is ordinary
income, $0.604 of which is short-term capital gain and $11.170 of
which is long-term capital gain.* The distribution is payable on
December 31, 2007 to shareholders of record on December 28, 2007,
with an ex-dividend date of December 31, 2007.* * 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 taxable year.
You should also remember that the net asset value of a fund with a
capital gain distribution will decline on the "ex-dividend" date to
reflect the adjusted net asset value of the portfolio after the
distribution, in addition to any effect the market's performance
had on the securities within the fund's portfolio on that day.
Capital gain distributions do not affect the overall performance of
an investment in a fund. If you own funds in a retirement plan or
any type of IRA, you will not owe any current taxes on those
distributions. Income may be subject to state and local taxes as
well as the alternative minimum tax. 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 the
calendar year. In addition, the fund may pay distributions in
excess of the fund's net investment company taxable income and this
excess will be a non-taxable 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
during unfavorable market conditions. Information concerning the
estimated composition of each fund distribution is available at
cohenandsteers.com. DATASOURCE: Cohen & Steers Realty Shares,
Inc. CONTACT: Francis C. 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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