DVM Cohen & Steers Dividend Majors Fund

NEW YORK, March 7 /PRNewswire-FirstCall/ -- The Board of Directors of Cohen & Steers Dividend Majors Fund, Inc (NYSE:DVM) has declared three monthly distributions of $0.105 per common share for April, May, and June 2007*. This new monthly distribution rate represents a 5.00% increase compared to the prior monthly distribution of $0.10. Details are as follows: The April 2007 distribution is payable on April 30, 2007 to shareholders of record on April 13, 2007. The ex-dividend date is April 11, 2007. The May 2007 distribution is payable on May 31, 2007 to shareholders of record on May 15, 2007. The ex-dividend date is May 11, 2007. The June 2007 distribution is payable on June 29, 2007 to shareholders of record on June 15, 2007. The ex-dividend date is June 13, 2007. * Please note that the distributions paid by the fund to shareholders are subject to recharacterization for tax purposes. The final tax treatment of these distributions is reported to shareholders on their 1099-DIV forms, which are mailed to shareholders after the close of each fiscal year. In addition, the fund pays distributions pursuant to a level rate distribution policy. Under this policy, the fund may pay distributions in excess of the fund's net investment company taxable income and this excess will be a tax-free return of capital distributed from the fund's assets. Distributions of capital decrease the fund's total assets and, therefore, could have the effect of increasing the fund's expense ratio. In addition, in order to make these distributions, the fund may have to sell portfolio securities at a less than opportune time. Information concerning the estimated composition of each fund distribution is available at cohenandsteers.com. DATASOURCE: Cohen & Steers Dividend Majors Fund, Inc. CONTACT: John J. McCombe, executive vice president, Cohen & Steers Capital Management, Inc., +1-212-832-3232 Web site: http://www.cohenandsteers.com/

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