Cohen & Steers Funds Add Two New Independent Directors NEW YORK, Nov. 5 /PRNewswire-FirstCall/ -- Richard E. Kroon and C. Edward Ward, Jr. have been elected to the board of directors of each of the following closed-end mutual funds: Cohen & Steers Advantage Income Realty Fund, Inc. (NYSE:RLF) Cohen & Steers Premium Income Realty Fund, Inc. (NYSE:RPF) Cohen & Steers Quality Income Realty Fund, Inc. (NYSE:RQI) Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) Cohen & Steers REIT and Utility Income Fund, Inc. (NYSE:RTU) Cohen & Steers Select Utility Fund, Inc. (NYSE:UTF) Cohen & Steers Total Return Realty Fund, Inc. (NYSE:RFI) Mr. Kroon and Mr. Ward also have been elected to the board of directors of each of the following open-end mutual funds: Cohen & Steers Institutional Realty Shares, Inc. (NASDAQ:CSRIX) Cohen & Steers Realty Focus Fund, Inc. (NASDAQ:CSFAX) Cohen & Steers Realty Income Fund, Inc. (NASDAQ:CSEIX) Cohen & Steers Realty Shares, Inc. (NASDAQ:CSRSX) Cohen & Steers Utility Fund, Inc. (NASDAQ:CSUAX) Mr. Kroon is also a board member of Finlay Enterprises, Inc. He was formerly chairman and managing partner of the Sprout Group Venture Capital Fund, the venture capital affiliate of Donaldson Lufkin & Jenrette. Mr. Ward recently retired as head of closed-end fund listings for the New York Stock Exchange. With the election of Mr. Kroon and Mr. Ward, there are now nine directors on the board of each Cohen & Steers mutual fund, seven of whom are independent directors. Each fund is advised by Cohen & Steers Capital Management, Inc., 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: Lawrence B. Stoller, Senior Vice President and General Counsel of Cohen & Steers Capital Management, Inc., +1-212-832-3232 Web site: http://www.cohenandsteers.com/

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