NEW YORK, March 12 /PRNewswire-FirstCall/ -- The Board of Directors of Cohen & Steers Advantage Income Realty Fund, Inc. today declared three monthly distributions of $0.16 per common share for April, May and June 2008.* Details are as follows:
The April 2008 distribution is payable on April 30, 2008 to shareholders of record on April 15, 2008. The ex-dividend date is April 11, 2008.
The May 2008 distribution is payable on May 30, 2008 to shareholders of record on May 15, 2008. The ex-dividend date is May 13, 2008.
The June 2008 distribution is payable on June 30, 2008 to shareholders of record on June 13, 2008. The ex-dividend date is June 11, 2008.
* 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 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 during unfavorable market conditions. Information concerning the estimated composition of each fund distribution is available at cohenandsteers.com.
