DVM Cohen & Steers Dividend Majors Fund

NEW YORK, Nov. 16 /PRNewswire-FirstCall/ -- Cohen & Steers Capital Management, Inc., the investment adviser to each of the closed-end Cohen & Steers mutual funds, announced projected long-term capital gain distributions for 2006 as follows: Cohen & Steers Total Return Realty Fund, Inc. (NYSE:RFI) $1.56 - $2.03 per share Cohen & Steers Advantage Income Realty Fund, Inc. (NYSE:RLF) $2.28 - $2.92 per share Cohen & Steers Quality Income Realty Fund, Inc. (NYSE:RQI) $1.85 - $2.39 per share Cohen & Steers Premium Income Realty Fund, Inc. (NYSE:RPF) $2.63 - $3.42 per share Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) $1.42 - $1.92 per share Cohen & Steers REIT and Utility Income Fund, Inc. (NYSE:RTU) $0.84 - $0.97 per share Cohen & Steers Select Utility Fund, Inc. (NYSE:UTF) $0.18 - $0.25 per share Cohen & Steers Dividend Majors Fund, Inc. (NYSE:DVM) $1.00 - $1.20 per share Cohen & Steers Worldwide Realty Income Fund, Inc. (NYSE:RWF) $0.02 - $0.13 per share It is not expected that the funds will declare and pay any short-term capital gain distributions for 2006. It is expected that the funds will declare and pay long-term capital gain distributions during the second half of December. The numbers identified above represent estimates and are subject to change based on portfolio, market and shareholder activity and tax adjustments. The statement that the funds are not expected to pay any short-term capital distributions is also a projection and is subject to change. Actual capital gain distributions will appear on shareholders' 1099-DIV forms, which will be mailed in early 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 2006 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 fund after the distribution, in addition to any effect the market's performance had on the securities within the fund's portfolio on that day. 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. This information reflects distribution activities at the fund level only. Certain of the funds will own 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 Web site at http://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 Capital Management, Inc. CONTACT: James Giallanza of Cohen & Steers, Senior Vice President, +1-212-832-3232, cohenandsteers.com Web site: http://www.cohenandsteers.com/

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