Cohen & Steers REIT and Utility Income Fund, Inc. and Cohen & Steers Select Utility Fund, Inc. Shareholders Re-Elect Directors

NEW YORK, April 1, 2008 /PRNewswire-FirstCall/ -- Cohen & Steers REIT and Utility Income Fund, Inc. (NYSE:RTU) and Cohen & Steers Select Utility Fund, Inc. (NYSE:UTF) announced today that, at the funds' annual meeting, shareholders re-elected Richard E. Kroon and Bonnie Cohen (not related to Cohen & Steers co-chairman and co-chief executive officer Martin Cohen) as directors of the funds. Willard H. Smith, Jr., a director for each funds' preferred shares, will continue for another three-year term. The results of the election are subject to confirmation by the independent inspector of elections, scheduled to be provided next week.

About Cohen & Steers

Cohen & Steers Capital Management, Inc. is a manager of high-income equity portfolios specializing in U.S. REITs, international real estate securities, preferred securities, utilities and infrastructure, and large cap value stocks. Headquartered in New York City, with offices in Brussels, Hong Kong, London and Seattle, the company serves individual and institutional investors through open-end funds, closed-end funds and institutional separate accounts. For more information, please visit cohenandsteers.com.

Forward-Looking Statements

This press release and other statements that Cohen & Steers may make may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which reflect the company's current views with respect to, among other things, its operations and financial performance. You can identify these forward- looking statements by the use of words such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "seeks," "approximately," "predicts," "intends," "plans," "estimates," "anticipates" or the negative versions of these words or other comparable words. Such forward- looking statements are subject to various risks and uncertainties.

Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. The company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.

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Source: Cohen & Steers

CONTACT: Cohen & Steers, Inc., +1-212-832-3232

Web site: http://www.cohenandsteers.com/

2008-04-01 18:39:25 0325591 PRNEWSWIRE