DVM Cohen & Steers Dividend Majors Fund

NEW YORK, Dec. 16 /PRNewswire-FirstCall/ -- The Board of Directors of Cohen & Steers Dividend Majors Fund, Inc (NYSE:DVM) has declared three monthly dividends of $0.10 per common share for January, February, and March 2006*. Details are as follows: The January 2006 dividend is payable on January 31, 2006 to shareholders of record on January 13, 2006. The ex-dividend date is January 11, 2006. The February 2006 dividend is payable on February 28, 2006 to shareholders of record on February 15, 2006. The ex-dividend date is February 13, 2006. The March 2006 dividend is payable on March 31, 2006 to shareholders of record on March 15, 2006. The ex-dividend date is March 13, 2006. The fund will not be declaring capital gain distributions for the 2005 tax year. *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 2005 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. 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. In addition, the fund owns securities issued by REITs. A portion of the dividends paid by REITs may be recharacterized for tax purposes following year-end as capital gain and/or return of capital. To the extent this occurs, distributions paid by the fund during the year also will be reclassified to reflect these REIT recharacterizations. Therefore the actual composition of a fund's distributions during a year may change substantially by year-end and, to the extent these changes do occur, they will have the effect of reducing the net investment income component of fund distributions and correspondingly increasing the capital gain and/or return of capital components. You can find more information regarding the tax character of fund distributions by visiting the Cohen & Steers website at http://www.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. DATASOURCE: Cohen & Steers Dividend Majors Fund, Inc. CONTACT: John J. McCombe, executive vice president, Cohen & Steers Capital Management, Inc., +1-212-832-3232 Web site: http://www.cohenandsteers.com/

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