NEW YORK, Nov. 19 /PRNewswire-FirstCall/ -- Cohen & Steers announced today that its closed-end funds will redeem $118 million of their auction market preferred securities (AMPS), bringing the total amount redeemed to $2.267 billion. The newly announced redemptions will be at par value and on a pro rata basis in the amounts indicated below.*

Cohen & Steers Worldwide Realty Income Fund, Inc. (NYSE: RWF)

    Series   CUSIP Number   Number of Shares     Amount        Redemption
                              Redeemed          Redeemed          Date
      M7      19248J209          180           $4,500,000   November 25, 2008
     W28      19248J308          180           $4,500,000   November 26, 2008

Cohen & Steers Advantage Income Realty Fund, Inc. (NYSE: RLF)

    Series   CUSIP Number   Number of Shares    Amount         Redemption
                              Redeemed         Redeemed           Date
      M       19247W201          221           $5,525,000   November 25, 2008
      W       19247W300          221           $5,525,000   November 25, 2008
     TH       19247W409          180           $4,500,000   November 25, 2008
     F28      19247W508          191           $4,775,000   November 26, 2008
     T7       19247W607          229           $5,725,000   November 26, 2008

Cohen & Steers Premium Income Realty Fund, Inc. (NYSE: RPF)

    Series   CUSIP Number   Number of Shares    Amount         Redemption
                              Redeemed         Redeemed           Date
      M       19247V203          199           $4,975,000   November 25, 2008
      T       19247V302          199           $4,975,000   November 26, 2008
      F       19247V401          199           $4,975,000   November 24, 2008
     TH       19247V500          199           $4,975,000   November 26, 2008
     M28      19247V609          170           $4,250,000   November 26, 2008
     W28      19247V708          282           $7,050,000   November 26, 2008

Cohen & Steers Quality Income Realty Fund, Inc. (NYSE: RQI)

    Series   CUSIP Number   Number of Shares    Amount         Redemption
                              Redeemed         Redeemed           Date
      T       19247L205          246           $6,150,000   November 26, 2008
     TH       19247L304          246           $6,150,000   November 25, 2008
      F       19247L403          246           $6,150,000   November 24, 2008
      W       19247L502          246           $6,150,000   November 26, 2008
     M28      19247L601          212           $5,300,000   November 26, 2008
     M7       19247L700          331           $8,275,000   November 25, 2008

Cohen & Steers REIT and Utility Income Fund, Inc. (NYSE: RTU)

    Series   CUSIP Number   Number of Shares    Amount         Redemption
                              Redeemed         Redeemed           Date
     M7       19247Y207          59            $1,475,000   November 25, 2008
     T7       19247Y306          59            $1,475,000   November 26, 2008
     W7       19247Y405          59            $1,475,000   November 25, 2008
     TH7      19247Y504          59            $1,475,000   November 25, 2008
     F7       19247Y603          59            $1,475,000   November 24, 2008
     T28      19247Y702          52            $1,300,000   November 26, 2008
     F28      19247Y801          52            $1,300,000   November 26, 2008
     T7-2     19247Y850          65            $1,625,000   November 26, 2008
     M28      19247Y876          38              $950,000   November 25, 2008
     W28      19247Y884          52            $1,300,000   November 26, 2008

The firm continues to evaluate ways to provide liquidity to our funds' AMPS holders, and will keep all shareholders informed as further information regarding AMPS redemptions becomes available. For more information and periodic updates, please visit www.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, 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.

* Redemptions will be allocated among participating broker/dealers by the Depository Trust Company using a predetermined methodology, and each broker/dealer allocates the redeemed shares to the underlying beneficiaries according to its own procedures.

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 need for such Cohen & Steers funds to obtain formal fund-by-fund approval from the funds' Board of Directors for certain types of specific proposals as they are developed and finalized; (3) 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; (4) the effects of changes in market and economic conditions, including higher costs and expenses associated with refinancing; (5) other legal and regulatory developments; and (6) other additional risks and uncertainties.

SOURCE Cohen & Steers