NEW YORK, Sept. 26 /PRNewswire-FirstCall/ -- The Board of Directors of Cohen & Steers Income Builder, Inc has declared a monthly distribution of $0.17 per common share for December 2007.* The distribution is payable on December 31, 2007 to shareholders of record on December 14, 2007. The ex-dividend date is December 12, 2007. The Board previously declared monthly distributions of $0.17 per share for September, October and November 2007.
* 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 pays distributions pursuant to a level rate distribution policy. Under this policy, the fund may pay distributions in excess of the fund's net investment company taxable income and this excess will be a tax-free 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 cohenandsteers.com.
