NEW YORK, Dec. 20 /PRNewswire-FirstCall/ -- The Board of Directors of Cohen & Steers VIF Realty Fund, Inc. (Nasdaq: CSRVX; Cusip No. 19248F108) today declared a distribution of $0.366 per share, $0.256 per share of which is ordinary income, $0.06 per share of which is short-term capital gains, and $0.05 per share of which is long-term capital gains. The distribution is payable on December 22, 2006 to shareholders of record on December 21, 2006, with an ex-dividend date of December 22 2006.*
* Shareholders should keep in mind that certain broker-dealers may
distribute information on fund capital gain distributions based on
preliminary data and subsequently distribute revised reports after the
fund calculates final distribution amounts for the 2006 taxable year.
You should also remember that the net asset value of a fund with a
capital gain distribution will decline on the "ex-dividend" date to
reflect the adjusted net asset value of the portfolio after the
distribution, in addition to any effect the market's performance had on
the securities within the fund's portfolio on that day. Capital gain
distributions do not affect the overall performance of an investment in
a fund. If you own funds in a retirement plan or any type of IRA, you
will not owe any current taxes on those distributions. Income may be
subject to state and local taxes as well as the alternative minimum tax.
Please note that the distributions paid by the fund to shareholders are subject to recharacterization for tax purposes. The final tax treatment of these distributions is reported to shareholders on their 1099-DIV forms, which are mailed to shareholders after the close of each fiscal year. In addition, the fund may pay distributions in excess of the fund's net investment company taxable income and this excess will be a non-taxable return of capital distributed from the fund's assets. Distributions of capital decrease the fund's total assets and, therefore, could have the effect of increasing the fund's expense ratio. In addition, in order to make these distributions, the fund may have to sell portfolio securities at a less than opportune time. Information concerning the estimated composition of each fund distribution is available at http://www.cohenandsteers.com/.
