NEW YORK, Jan. 7, 2014 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) announced today the launch of Cohen & Steers MLP & Energy Opportunity Fund, Inc. (the "Fund"), a new open-end mutual fund investing in the listed securities of master limited partnerships ("MLPs") and other midstream energy companies. The Fund's four share classes have been listed on the NASDAQ exchange under the following symbols:Class A: MLOAXClass C: MLOCXClass I: MLOIXClass Z: MLOZX "We are committed to real assets solutions that can advance our clients toward their investment goals," said Robert Steers, chief executive officer of Cohen & Steers. "Along with our market-leading capabilities in real estate, listed infrastructure and commodities, we believe MLPs are an important component of well-diversified portfolios." Cohen & Steers has invested client assets in MLPs since 2004 as part of the firm's global infrastructure capability. In 2013, the firm announced the launch of Cohen & Steers MLP Income and Energy Opportunity Fund, Inc., which raised approximately $480,000,000 in proceeds during its initial public offering. 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." Cohen & Steers managed approximately $4.0 billion in global listed infrastructure and MLP assets as of September 30, 2013. Please consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. A summary prospectus and prospectus containing this and other information may be obtained, free of charge, by calling 800.330.7348 or by visiting cohenandsteers.com. Please read the summary prospectus or prospectus carefully before investing. Cohen & Steers Securities, LLC, distributor. Risks of Investing in MLP SecuritiesAn investment in MLPs involves risks that differ from a similar investment in equity securities, such as common stock, of a corporation. Holders of equity securities issued by MLPs have the rights typically afforded to limited partners in a limited partnership. As compared to common shareholders of a corporation, holders of such equity securities have more limited control and limited rights to vote on matters affecting the partnership. There are certain tax risks associated with an investment in equity MLP units. Additionally, conflicts of interest may exist among common unit holders, subordinated unit holders and the general partner or managing member of an MLP; for example a conflict may arise as a result of incentive distribution payments. The Fund will be subject to more risks related to the energy sector than if the Fund were more broadly diversified over numerous sectors of the economy. A downturn in the energy sector of the economy could have a larger impact on the Fund than on an investment company that does not concentrate in the sector. In addition, there are several specific risks associated with investments in the energy sector, including the following: Commodity Price Risk, Depletion Risk, Supply and Demand Risk, Regulatory Risk, Acquisition Risk, Weather Risks, Exploration Risk, Catastrophic Event Risk, Interest Rate Transaction Risk, Affiliated Party Risk and Limited Partner Risk and Risks of Subordinated MLP Units. MLPs which invest in the energy industry are highly volatile due to significant fluctuation in the prices of energy commodities as well as political and regulatory developments.