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, +1-212-832-3232 Web site: http://www.cohenandsteers.com/

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