NEW YORK, Nov. 30 /PRNewswire-FirstCall/ -- Cohen & Steers, Inc. today priced the previously disclosed underwritten public offering of 3,500,000 shares of its common stock at a price of $36.50 per share. Cohen & Steers agreed to sell 2,000,000 shares of common stock, which will provide approximately $70 million in proceeds to the company after deducting underwriting discounts and estimated offering expenses. Martin Cohen and Robert H. Steers (together with a family trust), co-chairmen and co-chief executive officers of the company, agreed to sell the remaining 1,500,000 shares and have granted to the underwriter a 30-day over-allotment option to purchase an aggregate of 525,000 additional shares of common stock.
Merrill Lynch & Co. is acting as the sole book-running manager and the sole underwriter for this offering.
Copies of the final prospectus supplement and prospectus may be obtained from Merrill Lynch, Pierce, Fenner & Smith Incorporated at 4 World Financial Center, 5th Floor, New York, NY 10080.
About Cohen & Steers. Cohen & Steers is a manager of high-income equity portfolios, specializing in U.S. REITs, international real estate securities, preferred securities, utilities and large cap value stocks. Headquartered in New York City with offices in Brussels, Hong Kong, London and Seattle, the firm serves individual and institutional investors through a wide range of open-end mutual funds, closed-end mutual funds and institutional separate accounts.
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