DVM Cohen & Steers Dividend Majors Fund

NEW YORK, Nov. 19 /PRNewswire-FirstCall/ -- Cohen & Steers Capital Management, Inc., the investment advisor to each of the Cohen & Steers closed- end mutual funds, announced projected long-term capital gain distributions for 2007 as follows: Cohen & Steers Total Return Realty Fund, Inc. (NYSE:RFI) $1.20 -$1.85 per share Cohen & Steers Advantage Income Realty Fund, Inc. (NYSE:RLF) $1.95 -$3.00 per share Cohen & Steers Quality Income Realty Fund, Inc. (NYSE:RQI) $1.55 -$2.45 per share Cohen & Steers Premium Income Realty Fund, Inc. (NYSE:RPF) $1.75 -$2.55 per share Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) $1.75 -$2.40 per share Cohen & Steers REIT and Utility Income Fund, Inc. (NYSE:RTU) $0.70 -$1.05 per share Cohen & Steers Select Utility Fund, Inc. (NYSE:UTF) $1.61 -$2.38 per share Cohen & Steers Dividend Majors Fund, Inc. (NYSE:DVM) $0.75 -$1.60 per share Cohen & Steers Worldwide Realty Income Fund, Inc. (NYSE:RWF) $1.33 -$1.48 per share Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE:FOF) $0.06 -$0.21 per share Cohen & Steers Global Income Builder, Inc. (NYSE:INB) $0.03 -$0.18 per share The above-listed funds are not expected to pay any short-term capital gain distributions for 2007. The funds are expected to pay capital gain distributions on January 25, 2008 to shareholders of record as of December 26, 2007, with an ex-dividend date of December 21, 2007. For updates on this and other fund information, please visit the Cohen & Steers Web site at cohenandsteers.com. The projections identified above represent estimates and are subject to change based on portfolio and market activity and tax adjustments. The statement that certain funds are not expected to pay any short-term capital gain distribution for 2007 is also a forecast and is subject to change. Actual capital gain distributions will appear on shareholders' 1099-DIV forms, which will be mailed in early 2008. Shareholders should keep in mind that some 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 tax year. Shareholders 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. 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 composition of a fund's distributions during a year may change substantially by year-end. If these changes occur, they may reduce the net investment income component of fund distributions and increase 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 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: 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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