Cohen & Steers Total Return Realty Fund, Inc. (RFI) Declares Year-End Capital Gain Distribution

NEW YORK, December 13, 2022—The Board of Directors of the Cohen & Steers Total Return
Realty Fund, Inc. (NYSE: RFI) (the “Fund”) has declared a year-end capital gain distribution, as
summarized in the chart below. In addition to the regular monthly dividend, this year-end capital
gain distribution is being paid to allow the Fund to meet its 2022 distribution requirement for
federal excise tax purposes. A substantial portion of the total distribution will be taxable to
shareholders in 2022.

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December 14, 2022

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