Cohen & Steers is a manager of income-oriented equity portfolios specializing in U.S. and international real estate securities, large cap value stocks, utilities and listed infrastructure securities, and preferred securities. The company also offers private alternative investment strategies, such as hedged real estate securities portfolios and real estate funds of funds. Headquartered in New York City, with offices in Brussels, Hong Kong, London and Seattle, Cohen & Steers serves individual and institutional investors through a broad range of investment vehicles. Through a subsidiary, Cohen & Steers provides investment banking services. Our passionate belief that dividends provide an important part of an investment's total return and overall diversification has been the foundation for our portfolio strategies. We believe the significant growth in our assets under management over the past two decades reflects the growing demand for dividend-paying equity investments. The Firm at a Glance Established in 1986 $27.0 billion in assets under management (as of 6/30/08) New York City headquarters Offices in New York, Seattle, Brussels, London and Hong Kong NYSE listed company: CNS

We have assembled an experienced team of investment professionals. These investment professionals, distinguished by their breadth of experience and depth of industry knowledge, have diverse backgrounds ranging from traditional securities analysis to hands-on industry experience. Our analysts specialize by industry sector, developing a detailed knowledge of each company's senior management, assets, financial condition, business plan and corporate governance.

Our investment portfolios are available through a range of open-end and closed-end funds, as well as separate accounts. Research and active portfolio management remain the cornerstones of our business, backed by our commitment to delivering superior performance and providing each client with the highest level of service. Please consider the investment objectives, risks, charges and expenses of any Cohen & Steers fund carefully before investing. A prospectus containing this and other information can be viewed by clicking here or may be obtained by calling 800-330-7348. Please read the prospectus carefully before investing.  Cohen & Steers Securities, LLC, distributor.