Cohen & Steers Select Utility Fund Announces Investment Changes and Extends Special Meeting to Approve Merger
2009年11月25日 - 8:33AM
PRニュース・ワイアー (英語)
NEW YORK, Nov. 24 /PRNewswire-FirstCall/ -- Cohen & Steers
Select Utility Fund, Inc. (NYSE:UTF) announced today that the
special meeting of stockholders has been adjourned until 5:00 p.m.,
Eastern Standard Time, on Friday, November 27, 2009 to allow
additional time to solicit votes in connection with the merger with
Cohen & Steers REIT and Utility Income Fund, Inc. (NYSE:RTU).
At today's meeting, RTU stockholders approved the merger with and
into UTF. The Fund's board of directors has recommended that UTF
stockholders vote "FOR" the merger. Voting now will help UTF
conclude this process and reduce solicitation costs. A vote for the
merger will: -- Lower operating expenses -- Maintain similar
investment objectives and policies -- Not dilute stockholders -- Be
tax-free for federal income tax purposes To avoid additional
solicitation costs to the fund, stockholders are strongly
encouraged to vote. Stockholders of record as of July 30, 2009 may
vote by visiting proxyvote.com, calling toll-free 866.615.7265,
returning their proxy cards or attending the special meeting via
telephone by calling 800.860.2442 and requesting the Cohen &
Steers Stockholder Meeting. If you are a stockholder who has
already voted and do not wish to change your vote, no further
action is necessary. Stockholders who have questions regarding the
proposals or who require duplicate proxy materials should dial
866.615.7265 or access the information at cohenandsteers.com. Also
at today's meeting, stockholders of UTF approved changing UTF's
investment objective to facilitate a broader investment focus on
global infrastructure securities. UTF will change its name to Cohen
& Steers Infrastructure Fund, Inc. and its benchmark to the UBS
Global 50/50 Infrastructure & Utilities Index. These changes,
along with the transition of UTF's portfolio to investments in
global infrastructure securities, will be effective January 1,
2010. 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. DATASOURCE:
Cohen & Steers CONTACT: Francis C. Poli, Executive Vice
President, General Counsel, Cohen & Steers, Inc.,
+1-212-446-9112 Web Site: http://www.cohenandsteers.com/
Copyright
Cohen & Steers Reit And Utilities Income Fund (NYSE:RTU)
過去 株価チャート
から 8 2024 まで 9 2024
Cohen & Steers Reit And Utilities Income Fund (NYSE:RTU)
過去 株価チャート
から 9 2023 まで 9 2024
Real-Time news about Cohen & Steers Reit And Utilities Income Fund (ニューヨーク証券取引所): 0 recent articles
その他のCohen & Steers Reit And Utilities Income Fundニュース記事