Cohen & Steers Dividend Majors Fund, Inc. Declares Dividends for April, May, and June 2007
March 07 2007 - 4:05PM
PR Newswire (US)
NEW YORK, March 7 /PRNewswire-FirstCall/ -- The Board of Directors
of Cohen & Steers Dividend Majors Fund, Inc (NYSE:DVM) has
declared three monthly distributions of $0.105 per common share for
April, May, and June 2007*. This new monthly distribution rate
represents a 5.00% increase compared to the prior monthly
distribution of $0.10. Details are as follows: The April 2007
distribution is payable on April 30, 2007 to shareholders of record
on April 13, 2007. The ex-dividend date is April 11, 2007. The May
2007 distribution is payable on May 31, 2007 to shareholders of
record on May 15, 2007. The ex-dividend date is May 11, 2007. The
June 2007 distribution is payable on June 29, 2007 to shareholders
of record on June 15, 2007. The ex-dividend date is June 13, 2007.
* 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 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. Information concerning the estimated composition of
each fund distribution is available at cohenandsteers.com.
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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