NEW YORK, April 24, 2014 /PRNewswire/ -- Cohen & Steers
Dividend Majors Fund, Inc. (NYSE: DVM) and Cohen & Steers Total
Return Realty Fund, Inc. (NYSE: RFI) announced today the results of
the special joint meeting of stockholders. DVM announced that
its stockholders approved the reorganization of DVM with and into
RFI. RFI announced that its stockholders approved the
issuance of additional shares of RFI common stock in connection
with the reorganization with DVM. The reorganization is
expected to occur no later than June
20, 2014.
Stockholders of RFI also approved changes to certain fundamental
investment policies of RFI, including (i) amending the Fund's
fundamental investment policy with respect to making loans;
(ii) converting to non-fundamental its current fundamental
investment restriction regarding limits on the Fund's ability to
enter into short sales of securities or maintain short positions;
and (iii) converting to non-fundamental its current fundamental
investment restriction regarding the purchase of securities on
margin. Stockholders of RFI did not approve an amendment to
RFI's charter to authorize the Board of Directors from time to time
to amend the charter to increase or decrease the number of
authorized shares of stock of any class or series without further
action by the stockholders.
Further information regarding the funds is available at
cohenandsteers.com
Website: http://cohenandsteers.com/
Symbol: NYSE: DVM, RFI, CNS
About Cohen & Steers. Founded in 1986, Cohen &
Steers is a leading global investment manager with a long history
of innovation and a focus on real assets, including real estate,
infrastructure and commodities. Headquartered in New York City, with offices in London, Hong
Kong, Tokyo and
Seattle, Cohen & Steers serves
institutional and individual investors around the world.
SOURCE Cohen & Steers, Inc. (CNS); Cohen & Steers
Dividend Majors Fund, Inc. (DVM); Cohen & Steers Total Return
Realty Fund, Inc. (RFI)