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Cohen & Steers Celebrates Three-Year Anniversary of Cohen & Steers Preferred Securities and Income Fund (CPXIX) With a 5-Star

 Cohen & Steers Celebrates Three-Year Anniversary of Cohen & Steers Preferred
    Securities and Income Fund (CPXIX) With a 5-Star Rating by Morningstar

PR Newswire

NEW YORK, June 5, 2013

NEW YORK, June 5, 2013 /PRNewswire/ --Cohen & Steers celebrated the
three-year anniversary of the Cohen & Steers Preferred Securities and Income
Fund ("the Fund", symbol CPXIX) on May 3, 2013. Since the Fund's inception,
assets under management have reached approximately $2.2 billion (as of March
31, 2013).

Today, Morningstar acknowledged the Fund's strong three-year risk-adjusted
performance from inception through May 31, 2013 with its coveted five-star
rating.^(1) Based on the Fund's total return in this period, it is the #1
ranked fund in its Morningstar category and among mutual funds and ETFs that
invest primarily in preferred securities.^(2) "We are very pleased with
Morningstar's recognition of the Fund's strong three-year performance. Global
financial reforms are leading to enormous investment opportunities for active
managers of preferred securities portfolios, both in the exchange-traded and
far larger global market for over-the-counter issues. The lion's share of the
Fund's success can be attributed to our focus on in-depth research into this
global institutional marketplace," said Senior Portfolio Manager William
Scapell. He has managed the fund since inception and has been an active
manager of preferred security portfolios for more than 10 years.

The Fund seeks high current income, with a secondary objective of capital
appreciation, by investing primarily in U.S. and non-U.S. preferred and other
income securities. Generally, the majority of assets are allocated to
investment-grade securities believed by the manager to be undervalued relative
to their credit quality and other characteristics, such as company
fundamentals.

^(1) Category: Long-term bond. Morningstar ratings are assigned to all
open-end mutual funds with at least a three-year history, based on a
Morningstar Risk-Adjusted Return measure that accounts for variation in a
fund's monthly performance (including the effects of sales charges, loads, and
redemption fees), placing more emphasis on downward variations and rewarding
consistent performance. The top 10% of funds in each category receive five
stars, the next 22.5% receive four stars, the next 35% receive three stars,
the next 22.5% receive two stars and the bottom 10% receive one star. (Each
share class is counted as a fraction of one fund within this scale and rated
separately, which may cause slight variations in the distribution
percentages.) The Overall Morningstar Rating for a retail mutual fund is
derived from a weighted average of the performance figures associated with its
three-, five- and ten-year (if applicable) Morningstar Rating metrics. Ratings
are ©2013 Morningstar, Inc. All Rights Reserved.

^(2) Cohen & Steers Preferred Securities and Income Fund generated
higher three-year annualized total returns than the three open-end mutual
funds and three Exchange Traded funds included in Morningstar's universe of
funds that invest primarily in preferred securities. Within the broader
long-term bond category, CPXIX ranked # 1 of 58 funds tracked as of May 31,
2013.

Please consider the investment objectives, risks, charges and expenses of the
fund carefully before investing. A summary prospectus and prospectus
containing this and other information may be obtained by visiting
cohenandsteers.com or by calling 800 330 7348. Please read the summary
prospectus and prospectus carefully before investing.

Investing in any market exposes investors to risks. In general, the risks of
investing in preferred securities are similar to those of investing in bonds,
including credit risk and interest-rate risk. As nearly all preferred
securities have issuer call options, call risk and reinvestment risk are also
important considerations. In addition, investors face equity-like risks, such
as deferral or omission of distributions, subordination to bonds and other
more senior debt, and higher corporate governance risks with limited voting
rights.

More information is available at cohenandsteers.com.

Website: http://cohenandsteers.com
Symbol: NYSE: CNS

About Cohen & Steers.  Founded in 1986, Cohen & Steers is a leading global
investment manager with a long history of innovation and a focus on real
assets, including real estate, infrastructure and commodities. Headquartered
in New York City, with offices in London, Hong Kong, Tokyo and Seattle, Cohen
& Steers serves institutional and individual investors around the world.

SOURCE Cohen & Steers, Inc.

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