Cohen & Steers Dividend Majors Fund, Inc. Raises Approximately $236 Million Begins Trading on New York Stock Exchange NEW YORK, Jan. 27 /PRNewswire-FirstCall/ -- Cohen & Steers Capital Management, Inc. announced today that Cohen & Steers Dividend Majors Fund, Inc. has completed the pricing of its initial public offering, and will issue 11.8 million shares at a price of $20 per share for a total of approximately $236 million in assets (before deduction of the sales charge and exclusive of the underwriters' overallotment). The amount raised could be increased to approximately $271 million (before deduction of the sales charge) assuming full exercise of the underwriters' overallotment, which may not occur. The fund's shares began trading today on the New York Stock Exchange under the symbol "DVM." The fund's investment objective is to seek high total return consisting of dividend income and capital appreciation. Initially, the fund anticipates investing 65% of its total assets in dividend-paying common stocks (quantitative dividend strategy stocks) and 35% in real estate investment trusts ("REIT") common stocks. Cohen & Steers Capital Management, Inc., which serves as the fund's investment manager, 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." The lead underwriter is Merrill Lynch, Pierce, Fenner & Smith Incorporated. As with any investment, the price of the fund's shares will fluctuate with market conditions and, at the time of sale, may be worth more or less than the original investment. Please consider the investment objectives, risks, charges and expenses of the fund carefully before investing. This and other information about the fund is in the prospectus. Please call 1-800-330-7348 for a prospectus. Please read the prospectus carefully before investing. Cohen & Steers is a manager of high-income equity portfolios, specializing in U.S. REITs, global real estate securities, preferred securities, utilities and other high-yielding common stocks. Based in New York City, the firm serves individual and institutional investors through a wide range of open-end funds, closed-end funds and institutional separate accounts. DATASOURCE: Cohen & Steers Capital Management, 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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