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Cohen & Steers MLP Income and Energy Opportunity Fund (MIE) Raises $480 Million

   Cohen & Steers MLP Income and Energy Opportunity Fund (MIE) Raises $480
                                   Million

PR Newswire

NEW YORK, March 28, 2013

NEW YORK, March 28, 2013 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS)
announced today the initial public offering of Cohen & Steers MLP Income and
Energy Opportunity Fund, Inc. (the "Fund"). The Fund raised approximately
$480,000,000 in proceeds (before deduction of the sales load and offering
expenses and exclusive of the underwriters' option to purchase additional
securities) in the initial public offering of 24,000,000 common shares at $20
per share. The Fund has granted the underwriters an option to purchase
additional common shares at the public offering price less the sales load
within 45 days of the date of prospectus. Assuming full exercise of the
underwriters' option to purchase additional securities, which may or may not
occur, overall sales totaled approximately $556 million. The Fund's common
shares began trading on Tuesday, March 26, 2013 on the New York Stock Exchange
under the symbol "MIE."

The Fund's investment objective is to provide attractive total return,
comprised of high current income and price appreciation. The Fund seeks to
achieve its investment objective by investing primarily in MLPs and energy
investments. The Fund is structured as a tax efficient vehicle in order to
achieve its investment objective. Under normal market conditions, the Fund
will invest at least 80% of its managed assets (i.e., net assets plus assets
obtained through leverage) in MLPs and energy investments. The Fund initially
intends to invest a significant portion of its assets in securities of
midstream energy companies. The Fund's investments in MLPs will be limited to
50% of its managed assets. It is anticipated the Fund will use leverage as
part of its investment strategy.

Cohen & Steers Capital Management, Inc. is a wholly owned subsidiary of Cohen
& Steers, Inc., a publicly traded company whose common stock is listed on the
New York Stock Exchange under the symbol "CNS." Cohen & Steers managed
approximately $3.0 billion in listed infrastructure assets as of December 31,
2012.

BofA Merrill Lynch acted as the lead underwriter in connection with this
offering.

Syndicate co-managers included: Deutsche Bank Securities, RBC Capital Markets,
Baird, BB&T Capital Markets, J.J.B Hilliard, W.L. Lyons, LLC, Janney
Montgomery Scott, Ladenburg Thalmann & Co. Inc., Maxim Group LLC, Sterne Agee,
Wedbush Securities Inc., and Wunderlich Securities.

As with any investment, the price of the Fund's common shares will fluctuate
with market conditions and, at the time of sale, may be worth more or less
than the original investment. Shares of closed-end investment companies often
trade at a discount to their net asset value.

For a discussion of the risk factors for the Fund, see the section entitled
"Principal Risks of the Fund" in the Fund's prospectus relating to its initial
public offering, and other risks described in documents subsequently filed by
the Fund from time to time with the Securities and Exchange Commission. An
investor should consider the Fund's investment objectives, risks, charges and
expenses carefully before investing. For a copy of the prospectus, which
contains this and other information about the Fund, call 1-800-330-7348.
Please read the prospectus carefully before investing.

There is no assurance that the Fund will meet its investment objectives. You
could lose some or all of your investment.

About Cohen & Steers
Founded in 1986, Cohen & Steers is a leading global investment manager focused
on global real estate securities, global listed infrastructure, real assets,
large cap value stocks and preferred securities. The company also manages
alternative investment strategies for qualified investors such as hedged real
estate securities portfolios and private real estate strategies. Headquartered
in New York City, with offices in London, Brussels, Hong Kong, Tokyo and
Seattle, Cohen & Steers serves institutional and individual investors around
the world.

For more information please visit cohenandsteers.com

SOURCE Cohen & Steers, Inc.

Website: http://www.cohenandsteers.com
Contact: Anthony D. Ialeggio, Senior Vice President, Director of Global
Marketing, Cohen & Steers, Inc., (212) 796-9345