Cohen & Steers Premium Income Realty Fund, Inc. Declares Dividends for April, May and June 2005 NEW YORK, March 8 /PRNewswire-FirstCall/ -- The Board of Directors of Cohen & Steers Premium Income Realty Fund, Inc. (NYSE:RPF) today declared three monthly dividends of $0.15 per share for April, May and June 2005*. Details are as follows: The April 2005 dividend is payable on April 29, 2005 to shareholders of record of April 15, 2005. The ex-dividend date is April 13, 2005. The May 2005 dividend is payable on May 31, 2005 to shareholders of record of May 13, 2005. The ex-dividend date is May 11, 2005. The June 2005 dividend is payable on June 30, 2005 to shareholders of record of June 15, 2005. The ex-dividend date is June 13, 2005. * 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. DATASOURCE: Cohen & Steers Premium Income Realty 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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