NEW YORK, Aug. 27 /PRNewswire-FirstCall/ -- Cohen & Steers, Inc. announced today that a class-action lawsuit has been filed in the Supreme Court of the State of New York, New York County, with respect to Cohen & Steers Infrastructure Fund, Inc. (the "Fund"). In addition to the Fund, the named defendants include the officers of the Fund, Cohen & Steers Capital Management, Inc. and CNS. The complaint alleges, among other things, breach of fiduciary duty in connection with the Fund's redemption of auction market preferred securities at their liquidation preference. Cohen & Steers believes that the lawsuit is without merit and intends to vigorously defend itself in the litigation.
About Cohen & Steers
Cohen & Steers is a manager of income-oriented equity portfolios specializing in U.S. and international real estate securities, large cap value stocks, listed infrastructure and utilities, and preferred securities. The company also manages alternative investment strategies such as hedged real estate securities portfolios and private real estate multi-manager strategies for qualified investors. Headquartered in New York City, with offices in London, Brussels, Hong Kong and Seattle, Cohen & Steers serves individual and institutional investors through a broad range of investment vehicles.
Cohen & Steers, Inc.
CONTACT: Francis C. Poli, Executive Vice President and General Counsel,
Cohen & Steers, Inc., +1-212-446-9112; Cohen & Steers, Inc., 280 Park Avenue,
New York, NY 10017-1216, +1-212-832-3232
Web Site: http://cohenandsteers.com/
