DVM Cohen & Steers Dividend Majors Fund

NEW YORK, Dec. 19 /PRNewswire-FirstCall/ -- The Board of Directors of Cohen & Steers Dividend Majors Fund, Inc (NYSE:DVM) has declared a long-term capital gain distribution of $1.10 per common share. The distribution is payable on December 29, 2006 to shareholders of record on December 26, 2006, with an ex-dividend date of December 21, 2006.* * 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 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 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 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 at a less than opportune time. Information concerning the estimated composition of each fund distribution is available at http://www.cohenandsteers.com/. DATASOURCE: Cohen & Steers Dividend Majors Fund, Inc CONTACT: John J. McCombe, executive vice president of Cohen & Steers Capital Management, Inc., +1-212-832-3232 Web site: http://www.cohenandsteers.com/

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