NEW YORK, Dec. 18, 2015 /PRNewswire/ -- On December 17, 2015, at the 2015 annual meeting of stockholders of Cohen & Steers U.S. open-end funds (the "Meeting"), stockholders approved the election of 12 directors for each fund, with each director to serve for a term of indefinite duration and until his or her successor is duly elected and qualifies.
In addition to the election of directors, stockholders of certain Cohen & Steers open-end funds approved the following proposals:
- Cohen & Steers International Realty Fund, Inc., Cohen & Steers Global Realty Shares, Inc. and Cohen & Steers Institutional Global Realty Shares, Inc.: Stockholders approved a proposal to change each fund's diversification status under the Investment Company Act of 1940 to allow each fund to concentrate its investments in a smaller number of issuers.
- Cohen & Steers Global Infrastructure Fund, Inc. ("CSU"): Stockholders approved a proposal to revise CSU's fundamental policy relating to industry concentration so that CSU may not invest more than 25% of its assets in securities of issuers in any one industry, except for securities in infrastructure companies.
- Cohen & Steers Realty Shares, Inc. ("CSR"): Stockholders approved changes to CSR's fundamental policies to permit CSR to invest in other investment companies and allow CSR to engage in securities lending. Stockholders of CSR also approved converting CSR's fundamental policy with respect to restricted or illiquid securities to non-fundamental, which permits the Board to make changes to this policy without shareholder approval.
More information is available at 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, along with preferred securities and other income solutions. 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