Press Releases
Cohen & Steers Funds Announce Results Of Special Stockholder Meetings
NEW YORK, Nov. 24 /PRNewswire-FirstCall/ -- Cohen & Steers Advantage Income Realty Fund, Inc. (NYSE: RLF) and Cohen & Steers Premium Income Realty Fund, Inc. (NYSE: RPF) announced today at the special joint meetings of stockholders that each fund has approved merging with and into Cohen & Steers Quality Income Realty Fund, Inc. (NYSE: RQI). RQI announced that its stockholders approved merging with RLF, RPF and Cohen & Steers Worldwide Realty Income Fund, Inc. (NYSE: RWF).
Stockholders of RQI also approved increasing its number of authorized common shares and converting certain fundamental investment restrictions, including limits on RQI's ability to invest in (i) debt securities issued or guaranteed by real estate companies, (ii) preferred stock or debt securities rated below investment grade or unrated securities of comparable quality and (iii) other investment companies pursuant to the requirements of the Investment Company Act of 1940, as amended, to non-fundamental investment restrictions. The mergers of RLF and RPF with and into RQI are expected to occur at the close of business on December 18, 2009. RWF's special meeting of stockholders has been adjourned until 5:00 p.m., Eastern Standard Time, on Friday, November 27, 2009 to allow additional time to solicit votes in connection with its merger with RQI. Further information regarding the funds is available at cohenandsteers.com. 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, listed infrastructure and utilities, and preferred securities. The company also manages alternative investment strategies such as hedged real estate securities portfolios and private real estate multi-manager strategies for qualified investors. 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. SOURCE Cohen & SteersTheStreet Premium Services
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