Cohen & Steers Dividend Majors Fund, Inc. Changes Component of its Investment Strategy
March 18 2009 - 7:13PM
PR Newswire (US)
NEW YORK, March 18 /PRNewswire-FirstCall/ -- Cohen & Steers
Dividend Majors Fund, Inc. (NYSE:DVM) (the "Fund") announced today
that its Board of Directors approved a change to a component of the
Fund's investment strategy by replacing the quantitative screening
methodology used to select stocks with above-average dividend
yields with a large cap dividend value strategy actively managed by
Richard E. Helm, CFA. This change is expected to be fully
implemented by April 1, 2009. The Fund believes that an actively
managed portfolio will enhance its investment strategy in the
current market environment and increase diversification among the
Fund's holdings. Mr. Helm joined Cohen & Steers Capital
Management, Inc. in 2005 and is the senior portfolio manager for
Cohen & Steers' large cap value strategy, including Cohen &
Steers Dividend Value Fund, Inc.*, an open-end mutual fund, which
received a four-star Morningstar rating out of 1,721 funds in the
three-year Large Blend category as of February 28, 2009, based on a
risk-adjusted return measure. He has more than twenty years of
investment management experience. * Past ratings are no guarantee
of future ratings. Please consider the investment objectives,
risks, charges and expenses of Cohen & Steers Dividend Value
Fund, Inc. carefully before investing. This and other information
may be obtained by visiting cohenandsteers.com or by calling
800.330.7348 and requesting a prospectus. Please read the
prospectus carefully before investing. For funds with at least a
three-year history, Morningstar calculates its ratings based on a
risk-adjusted return measure that accounts for variation in a
fund's monthly performance (including the effects of sales charges,
loads, and redemption fees), placing more emphasis on downward
variations and rewarding consistent performance. The top 10% of
funds in each category receive five stars, the next 22.5% receive
four stars, the next 35% receive three stars, the next 22.5%
receive two stars and the bottom 10% receive one star. (C) 2009
Morningstar, Inc. All Rights Reserved. Morningstar and/or its
content providers are the proprietors of this information; do not
permit its unauthorized copying or distribution; do not warrant it
to be accurate, complete or timely; and are not responsible for
damages or losses arising from its use. Cohen & Steers Dividend
Value Fund is distributed by Cohen & Steers Securities, LLC.
About Cohen & Steers Cohen & Steers is a manager of
income-oriented equity portfolios specializing in U.S. and
international real estate securities, large cap value stocks,
utilities and listed infrastructure, and preferred securities. The
company also offers alternative investment strategies such as
hedged real estate securities portfolios and private real estate
multimanager strategies. Headquartered in New York City, with
offices in London, Brussels, Hong Kong and Seattle, Cohen &
Steers serves individual and institutional investors through a
broad range of investment vehicles. Forward-Looking Statements This
press release and other statements that Cohen & Steers may make
may contain forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934, which reflect the company's
current views with respect to, among other things, its operations
and financial performance. You can identify these forward-looking
statements by the use of words such as "outlook," "believes,"
"expects," "potential," "continues," "may," "will," "should,"
"seeks," "approximately," "predicts," "intends," "plans,"
"estimates," "anticipates" or the negative versions of these words
or other comparable words. Such forward-looking statements are
subject to various risks and uncertainties. Accordingly, there are
or will be important factors that could cause actual outcomes or
results to differ materially from those indicated in these
statements. The company undertakes no obligation to publicly update
or review any forward-looking statement, whether as a result of new
information, future developments or otherwise. Contact: Francis C.
Poli Executive Vice President and General Counsel Cohen &
Steers Inc. (212) 446-9112 DATASOURCE: Cohen & Steers Dividend
Majors Fund, Inc. CONTACT: Francis C. Poli, Executive Vice
President and General Counsel of Cohen & Steers Inc.,
+1-212-446-9112 Web Site: http://www.cohenandsteers.com/
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