NEW YORK, Sept. 21 /PRNewswire-FirstCall/ -- The board of directors of Cohen & Steers Realty Focus Fund, Inc. expects to declare a long-term capital gains distribution, payable on September 28, 2007 to shareholders of record on September 27, 2007. The amount of the distribution is estimated to be between $5.00 and $7.00 per share, with the final figure to be posted on cohenandsteers.com on September 28, 2007.
As previously announced, Cohen & Steers Realty Focus Fund, Inc. will begin investing according to a global investment mandate effective September 28, 2007. At least 80% of its net assets will be invested in common stocks and other equity securities issued by non-U.S. real estate companies as well as U.S. real estate companies. The investment objective will be total return through capital appreciation and current income.
The fund's name will be changed to Cohen & Steers Global Realty Shares, but the ticker symbols will remain the same (Class A: Nasdaq Symbol: CSFAX, Cusip No.: 19247N102; Class B: Nasdaq Symbol: CSFBX, Cusip No. 19247N201; Class C: Nasdaq Symbol: CSFCX, Cusip No. 19247N300; Class I: Nasdaq Symbol: CSSPX, Cusip No. 19247N409).
Please note that the fund may realize and pay an additional capital gains distribution before the end of the fiscal year (December 31, 2007) as a result of investment activity during the remainder of the year.
* 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.
