Cohen & Steers Funds to Redeem All Outstanding Auction Market Preferred Securities

Cohen & Steers Funds to Redeem All Outstanding Auction Market Preferred
Securities

NEW YORK, June 30 /PRNewswire-FirstCall/ -- Cohen & Steers announced today
that its closed-end funds will redeem all remaining auction market preferred
securities (AMPS). The redemption of $922.7 million AMPS brings the total
amount redeemed to $3.521 billion, representing 100% of the AMPS issued.

The newly announced redemptions will be at full value, together with any
accrued and unpaid dividends thereon, in the amounts indicated below.

Cohen & Steers Worldwide Realty Income Fund, Inc. (NYSE: RWF)
Series CUSIP Number Number of Shares Amount Redemption Date
Redeemed Redeemed
M7 19248J209 600 $15,000,000 July 21, 2009
W28 19248J308 600 $15,000,000 July 24, 2009

Cohen & Steers Advantage Income Realty Fund, Inc. (NYSE: RLF)
Series CUSIP Number Number of Shares Amount Redemption Date
Redeemed Redeemed
M 19247W201 423 $10,575,000 July 21, 2009
W 19247W300 423 $10,575,000 July 23, 2009
TH 19247W409 346 $ 8,650,000 July 24, 2009
F28 19247W508 366 $ 9,150,000 July 24, 2009
T7 19247W607 440 $11,000,000 July 22, 2009

Cohen & Steers Premium Income Realty Fund, Inc. (NYSE: RPF)
Series CUSIP Number Number of Shares Amount Redemption Date
Redeemed Redeemed
M 19247V203 350 $ 8,750,000 July 21, 2009
T 19247V302 350 $ 8,750,000 July 22, 2009
F 19247V401 350 $ 8,750,000 July 20, 2009
TH 19247V500 350 $ 8,750,000 July 24, 2009
M28 19247V609 297 $ 7,425,000 July 21, 2009
W28 19247V708 495 $12,375,000 July 23, 2009

Cohen & Steers Quality Income Realty Fund, Inc. (NYSE: RQI)
Series CUSIP Number Number of Shares Amount Redemption Date
Redeemed Redeemed
T 19247L205 464 $11,600,000 July 22, 2009
TH 19247L304 464 $11,600,000 July 24, 2009
F 19247L403 464 $11,600,000 July 20, 2009
W 19247L502 464 $11,600,000 July 24, 2009
M-28 19247L601 396 $ 9,900,000 July 24, 2009
M-7 19247L700 621 $15,525,000 July 21, 2009

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE: RNP)
Series CUSIP Number Number of Shares Amount Redemption Date
Redeemed Redeemed
M7 19247X209 723 $18,075,000 July 21, 2009
T7 19247X308 723 $18,075,000 July 22, 2009
W7 19247X407 723 $18,075,000 July 23, 2009
TH7 19247X506 723 $18,075,000 July 24, 2009
F7 19247X605 723 $18,075,000 July 20, 2009
W28A 19247X704 617 $15,425,000 July 23, 2009
W28B 19247X803 617 $15,425,000 July 24, 2009
TH28 19247X860 485 $12,125,000 July 24, 2009
T28 19247X878 449 $11,225,000 July 24, 2009
W28C 19247X886 617 $15,425,000 July 24, 2009

Cohen & Steers Select Utility Fund, Inc. (NYSE: UTF)
Series CUSIP Number Number of Shares Amount Redemption Date
Redeemed Redeemed
M7 19248A208 1,497 $37,425,000 July 21, 2009
T7 19248A307 1,497 $37,425,000 July 22, 2009
W7 19248A406 1,497 $37,425,000 July 23, 2009
TH28 19248A505 1,497 $37,425,000 July 24, 2009
F7 19248A604 1,497 $37,425,000 July 20, 2009
T28 19248A703 1,179 $29,475,000 July 22, 2009
T7-2 19248A802 1,497 $37,425,000 July 22, 2009
TH7 19248A877 1,319 $32,975,000 July 24, 2009

Cohen & Steers REIT and Utility Income Fund, Inc. (NYSE: RTU)
Series CUSIP Number Number of Shares Amount Redemption Date
Redeemed Redeemed
M7 19247Y207 955 $23,875,000 July 21, 2009
T7 19247Y306 955 $23,875,000 July 22, 2009
W7 19247Y405 955 $23,875,000 July 23, 2009
TH7 19247Y504 955 $23,875,000 July 24, 2009
F7 19247Y603 955 $23,875,000 July 20, 2009
T28 19247Y702 854 $21,350,000 July 24, 2009
F28 19247Y801 854 $21,350,000 July 20, 2009
T7-2 19247Y850 1,083 $27,075,000 July 22, 2009
M28 19247Y876 626 $15,650,000 July 24, 2009
W28 19247Y884 854 $21,350,000 July 24, 2009

Cohen & Steers Global Income Builder, Inc. (NYSE: INB)
Series CUSIP Number Number of Shares Amount Redemption Date
Redeemed Redeemed
W7 19248M202 1,720 $43,000,000 July 23, 2009

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.

The following factors, among others, could cause actual results to differ
materially from forward-looking statements: (1) the ability of Cohen & Steers
and the Cohen & Steers closed-end funds that have issued AMPS to develop and
finalize fund-by-fund specific proposals to restructure the leverage of such
funds; (2) the ability of such Cohen & Steers funds to negotiate and obtain
from third parties the necessary debt facilities and other commitments and
agreements necessary for the Cohen & Steers funds to refinance all or a
portion of their leverage on terms and conditions acceptable to the funds and
in a timely manner; (3) the effects of changes in market and economic
conditions, including higher costs and expenses associated with refinancing;
(4) other legal and regulatory developments; and (5) other additional risks
and uncertainties.

SOURCE Cohen & Steers

Francis C. Poli , Executive Vice President and General Counsel of Cohen &
Steers Inc., +1-212-446-9112