Cohen & Steers Announces Dividend Increases in Four Closed-End Funds

Cohen & Steers Announces Dividend Increases in Four Closed-End Funds 


NEW YORK, March 2  /PRNewswire/ -- Cohen & Steers Capital Management, Inc.
announced dividend increases approved by the board of directors today in four of
its closed-end mutual funds.

                        Dividend Increases by Fund


  Symbol   Fund Name              New             %          Annualized
                                 Monthly       Increase       Dividend
                                 Dividend*          Yield**
          Cohen & Steers
          Premium
  RPF     Income Realty Fund      $0.120        4.35 %         7.56 %

          Cohen & Steers
          Quality Income
  RQI     Realty Fund             $0.115        4.55 %         7.60 %

Cohen & Steers
          Advantage Income
  RLF     Realty Fund             $0.120        4.35 %         7.56 %

          Cohen & Steers
          REIT and Preferred
  RNP     Income Fund             $0.175        2.94 %         7.97 %


   *Payable on April 30, May 28 and June 30, 2004 to shareholders of
      record on April 15, May 14, and June 15, 2004, respectively.
   ** Based on closing market price as of March 1, 2004.



Martin Cohen, co-chairman and co-chief executive officer, said, "We are pleased
to be raising the dividends on three of our closed-end funds-RLF, RQI and
RPF-for the second year in a row. We are also pleased to be raising the dividend
on one of our newer funds, RNP, which was launched less than a year ago. The
primary objective of these funds is to deliver high current income and we've
remained focused in our pursuit of that goal."

Robert Steers, co-chairman and co-chief executive officer, added, "We believe
that these four funds are well-positioned because they have entered into
interest rate swaps designed to help protect fund dividends even if short-term
interest rates rise."

Cohen & Steers is a leading closed-end fund manager, specializing in REITs,
utilities and corporate preferreds. The firm serves both individual and
institutional investors through a range of open-end and closed-end funds, as
well as separate accounts. 

DATASOURCE: Cohen & Steers Capital Management, Inc.



CONTACT:  John McCombe, Executive Vice President and Director of

Marketing of Cohen & Steers Capital Management, [phone] 



Web site:  http://www.cohenandsteers.com/ 

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