Cohen & Steers Inc.

Martin Cohen is co-chairman and co-chief executive officer of Cohen & Steers, Inc. Established in 1986, the firm is a leading global investment manager specializing in REITs, large cap value and listed infrastructure portfolios. It serves individual and institutional investors through a wide range of open-end funds, closed-end funds and separate accounts. Cohen & Steers is a New York Stock Exchange listed company with offices in New York, Seattle, Brussels, London and Hong Kong. Mr. Cohen is considered to be one of the nation’s leading experts in real estate securities investment. In 1980, while a vice president at Citibank, he organized and managed the Citibank Real Estate Stock Fund for that bank’s pension clients. In 1985, while a senior vice president at National Securities and Research Corporation, he and Robert Steers organized and managed the nation’s first real estate securities mutual fund. He is often quoted and lectures frequently on the subject of investing in real estate securities. In 2001, he was the recipient of the National Association of Real Estate Investment Trusts Industry Achievement Award. Mr. Cohen received a Bachelor of Science degree from the City College of New York and worked as a biochemist before attending New York University where he earned his MBA degree. He lives in New York City and plays classical guitar in his limited spare time.

Robert Steers is co-chairman and co-chief executive officer of Cohen & Steers, Inc., a New York Stock Exchange listed company (CNS). Established in 1986, the firm is a leading global investment manager specializing in REITs, large cap value and listed infrastructure portfolios. The firm serves individual and institutional investors through a wide range of open-end funds, closed-end funds and separate accounts. Based in New York City, Cohen & Steers, Inc. has offices in Seattle, Brussels, London and Hong Kong. From 1984 to 1986, Mr. Steers was a Senior Vice President and Chief Investment Officer of National Securities and Research Corporation where he chaired both the Investment Policy and Stock Selection Committees. In 1985, while at National Securities, he organized and launched the nation’s first real estate securities mutual fund. From 1977 to 1982, Mr. Steers served as a securities analyst and Vice President / Portfolio Manager of Citibank’s Emerging Growth Stock Fund. Mr. Steers holds a BS degree from Georgetown University and MBA degree from George Washington University. He lives in Rye, New York, with his wife and four children.

Joseph M. Harvey, president, is chief investment officer and senior portfolio manager for all of Cohen & Steers' portfolios and a member of the firm’s investment committee. He has 22 years of experience. Prior to joining the firm in 1992, Mr. Harvey was a vice president with Robert A. Stanger Co. for five years, where he was an analyst specializing in real estate and related securities for the firm's research and consulting activities. Mr. Harvey has a BSE degree from Princeton University. He is based in New York.

Chief Operating Officer of CSCM (since 2003) and CNS (since 2004). Prior to that, Senior Vice President of CSCM and Vice President and Assistant Treasurer of the Cohen & Steers funds.

Gerios J.M. Rovers is CIO and managing director of the Cohen & Steers European real estate securities business. He has more than 20 years of experience. Prior to joining the firm in 2004, Mr. Rovers, with Joseph Houlihan, co-founded Houlihan Rovers, a Belgium-based global real estate securities asset manager that was acquired by Cohen & Steers. Previously, Mr. Rovers was a vice president for two and a half years at Security Capital Group in Brussels, where he was responsible for the development and implementation of portfolio strategies. Prior to that, Mr. Rovers was an associate director of GIM Algemeen Vermogensbeheer, a Dutch investment management company, where he managed global real estate securities portfolios for domestic and foreign clients. Mr. Rovers has a degree from the University of Tilburg in the Netherlands. He is based in Brussels.

Stephen M. Coyle, senior vice president, is the chief investment officer for Cohen & Steers' global private real estate multimanager strategy. He has 21 years of experience. Prior to joining the firm in 2008, Mr. Coyle was the chief investment strategist and fund of funds portfolio manager with Citigroup Property Investors, the real estate investment management arm of Citigroup. Previously, he was the senior strategist for Property & Portfolio Research and a research director with Westmark/TCW Realty Advisors. Mr. Coyle has a BA degree from Hampden-Sydney College and an MA degree from Boston University. He is based in New York.

Douglas R. Bond, executive vice president, is the portfolio manager for Cohen & Steers' Closed-End Opportunity Fund (FOF). In additon, he also leads the firm's closed-end portfolio consulting effort with Van Kampen Investments for their closed-end unit investment trust products.. Before joining Cohen & Steers in 2004, Mr. Bond worked at Merrill Lynch for 23 years. Between 1992 and 2004, he ran their closed-end fund new origination effort and was involved in all closed-end funds underwritten by Merrill Lynch. He also headed Merrill's Private Client Syndicate Group. Mr. Bond has a BA degree from Hamilton College and an MBA from New York University.

Brooks Hamblett, senior vice president, is a senior relationship manager on Cohen & Steers' institutional client service team. He has 16 years of experience. Prior to joining the firm in 2007, Mr. Hamblett was a vice president at AIG Investments, covering institutional accounts. Previously, he was with Fidelity Investments. Mr. Hamblett has a BA degree from Lake Forest College and an MBA degree from Boston University.

Christopher E. Henderson, CFA, senior vice president, oversees the marketing of Cohen & Steers' alternative investment strategies. He has 13 years of experience. Prior to joining the firm in 2008, Mr. Henderson was a managing director at Bear Stearns Asset Management, where he was responsible for capital raising for BSAM's proprietary and seeded hedge fund platforms. Mr. Henderson has a BS degree from Boston College. He is based in New York.

Jon Y. Cheigh, CPA, senior vice president, is a portfolio manager for Cohen & Steers' U.S. real estate securities portfolios. He has 15 years of experience. Prior to joining the firm in 2005, Mr. Cheigh was a vice president and senior REIT analyst for two years at Security Capital Research & Management. Previously, he was a vice president of real estate acquisitions at InterPark and an acquisitions associate at Urban Growth Property Trust, two privately held REITs. Mr. Cheigh has a BA cum laude from Williams College and an MBA degree from the University of Chicago. He is based in New York.

Leonard Geiger, CFA, senior vice president, is director of European real estate securities research. He has over 16 years of investment experience. Before joining the firm in 2006, Mr. Geiger was portfolio manager and director at CBRE Global Real Estate Securities in London, focusing on pan-European property securities. Previously, he worked at Lombard Odier Darier Hentsch and U.S. Trust in London and New York for seven years as a senior pan-European equities portfolio manager. Prior to that, he worked for two years as an equity research analyst at Deutsche Morgan Grenfell in New York. Mr. Geiger graduated magna cum laude, Phi Beta Kappa with a BA from Middlebury College and holds an MBA and an MA International Affairs in European Affairs from Columbia University. He is based in London.

Matthew Pace, senior vice president, is a senior relationship manager on Cohen & Steers' institutional client service team. He has eight years of experience. Prior to joining the firm in 2007, he was a principal at State Street Global Advisors and a member of the Tuckerman Group, SSgA's real estate investment management firm. Mr. Pace has two BA degrees from Hobart College.

Nancy Norton, senior vice president and institutional client service officer, manages institutional client relationships in the U.S. She has 22 years of experience. Prior to joining Cohen & Steers in 2006, Ms. Norton was a senior relationship manager with Deutsche Asset Management and J.P. Morgan Asset Management. Ms. Norton earned a BA degree from St. John's University

Richard E. Helm, CFA, senior vice president, is the senior portfolio manager for Cohen & Steers' large cap value strategy. He has 24 years of investment experience. Prior to joining the firm in 2005, Mr. Helm was senior portfolio manager at WM Advisors for four years managing the WM Equity Income Fund. Previously, he was a portfolio manager at Northwestern Trust & Investors Advisory Co., TD Asset Management, Parametric Portfolio Associates and Morgan Stanley Investment Advisory. Mr. Helm has a BS degree from University of Colorado and an MBA degree from University of Denver. He is based in Seattle.

Scott Crowe, senior vice president, is the global portfolio manager for Cohen & Steers' global and international portfolios. He has 12 years of investment experience. Prior to joining the firm in 2007, Mr. Crowe was an executive director at UBS and served as global head of real estate. He also worked at UBS Warburg as a real estate analyst. Mr. Crowe has a Bachelor of Commerce degree from the University of New South Wales and completed a year in Finance Honors at the University of Technology, Sydney. He is based in New York.

Thomas N. Bohjalian, CFA, senior vice president, is a portfolio manager for Cohen & Steers' U.S. Realty Income portfolios. He has 19 years of experience. Prior to joining the firm in 2002, Mr. Bohjalian was a vice president and REIT analyst for five years at AEW Capital Management. Mr. Bohjalian has both a BS degree and an MBA degree from Northeastern University. He is based in New York.

Todd A. Voigt, CFA, senior vice president, is the portfolio manager for the Cohen & Steers Global Real Estate Long-Short Fund. He has 12 years of experience. Prior to joining the firm in 2008, Mr. Voigt was senior vice president at Cliffwood Partners LLC and Portfolio Manager of the Cliffwood Absolute Return Strategy (CARS) fund and Portfolio Manager of the short side of Cliffwood Value Plus Strategy fund. CARS is a real estate dedicated absolute return hedge fund invested in the United States, Canada and Asia. Mr. Voigt worked at Cliffwood Partners for over 10 years. Prior to working at Cliffwood, Mr. Voigt worked at JP Morgan in the Private Client Services Group. Mr. Voigt has a BA degree from Claremont McKenna College. He is based in New York.

William F. Scapell, CFA, senior vice president, is director of fixed income, the portfolio manager for the Cohen & Steers’ preferred securities portfolios and leads the firm’s preferred securities investment and research efforts. He has 17 years of investment experience. Prior to joining the firm in 2003, Mr. Scapell worked in the fixed income research department at Merrill Lynch, where he was their chief strategist for preferred securities for three years and a vice president in corporate finance and treasury department for two years. Previously, he was in bank supervision and monetary policy roles at the Federal Reserve Bank of New York for five years. Mr. Scapell has a BA degree from Vassar College and an MA degree from Columbia University's School of International & Public Affairs. He is based in New York.

Yigal D. Jhirad, senior vice president, is the director of Cohen & Steers' quantitative research and hedging strategies. He has 22 years of experience. Prior to joining the firm in 2007, Mr. Jhirad was an executive director in the institutional equities division of Morgan Stanley, where he headed the firm's portfolio and derivatives strategies effort. He was responsible for developing, implementing and marketing quantitative and derivatives products to a broad array of institutional clients, including hedge funds, active and passive funds, pension funds and endowments. Mr. Jhirad has a BS degree from the Wharton School. He is based in New York.

Craig Watkins, vice president, is a member of Cohen & Steers institutional marketing team focused on institutional consultants and plan sponsors. He has 10 years of experience. Prior to joining Cohen & Steers in 2007, Mr. Watkins served in similar capacities at Essex Investment Management Company and State Street Global Advisors. He has a BS degree from Susquehanna University.

Luke Sullivan, senior vice president, is a portfolio manager for Cohen & Steers’ Asia Pacific real estate strategy. He has nine years of experience. Prior to joining the firm in 2006, Mr. Sullivan was a vice president and research analyst at Citigroup Investment Research where he covered Australian real estate companies. Previously, he was a research assistant at Credit Suisse First Boston. Mr. Sullivan has Bachelor’s of Law and Economics from Australian National University. He is based in Hong Kong.

Ed Rieger, senior vice president and director of consultant relations, oversees marketing to institutional investment consultants. He has 22 years of experience. Prior to joining Cohen & Steers in 2006, Mr. Rieger was with J. & W. Seligman & Co. in a similar capacity. Mr. Rieger has a BA degree from Hamilton College and an MBA degree from Fordham University.

Frank Zukowski, senior vice president and RIA sales director, oversees the sales and distribution of Cohen & Steers funds to registered investment advisors nationally. He has 19 years of experience. Prior to joining Cohen & Steers in 2002, Mr. Zukowski held various sales and marketing positions at Merrill Lynch for 12 years. Mr. Zukowski earned a BS degree from Rutgers University and is based in New York.

John J. McCombe, executive vice president and director of sales and marketing, oversees the firm's sales efforts for its open-end and closed-end mutual funds. He has 26 years of experience. Prior to joining Cohen & Steers in 1997, he worked at Merrill Lynch for 14 years. Mr. McCombe earned a BS degree from Fordham University and an MBA degree from Pace University.

William J. Frischling, senior vice president and director of institutional client service, oversees client service for institutional clients globally. Prior to joining Cohen & Steers in 1999, Mr. Frischling was a senior relationship manager at Warburg Pincus Asset Management for 11 years. Mr. Frischling earned a BA degree from Wesleyan University.

David Edlin, senior vice president and national sales manager, directs the sales and distribution of Cohen & Steers products through the broker/dealer channel. He has 22 years of experience. Prior to joining Cohen & Steers in 2009, Mr. Edlin served as national sales director with AllianceBernstein Investments and Scudder Investments/Deutsche Asset Management. Previously, he was head of European distribution with Putnam Investments. Mr. Edlin has a BS degree from Georgetown University and is based in New York.

Edmond D. Villani served as vice chairman of Deutsche Asset Management, North America until December 31, 2005. Between 1997 and 2002, he was the chief executive officer of Scudder, Stevens & Clark, Inc. and its successor entities. He is chairman of the board of Georgetown University and serves on the board of Colonial Williamsburg Foundation and the investment committee of the Rockefeller Brothers Fund. In addition, he chairs the advisory board of the Penn Institute for Economic Research at the University of Pennsylvania and is a member of the International Capital Markets Advisory Committee of the Board of the New York Stock Exchange. Mr. Villani has a BA degree in mathematics from Georgetown University and a Ph.D. degree in economics from the University of Pennsylvania.

Mr. Rhein has been a general partner of Sarlot and Rhein, a real estate investment and development partnership, since 1967. From 1970 until 1984, he was employed in various capacities by Wells Fargo Realty Advisors and its affiliates. From 1976 until 1984, he was Vice President, Treasurer and Chief Financial Officer of Wells Fargo Mortgage and Equity Trust, a real estate investment trust. Mr. Rhein also serves as a director of Cohen & Steers, Inc. (NYSE:CNS), the nation's largest manager of real estate mutual funds. Mr. Rhein also serves on the Board of Governors of the Fulfillment Fund, a non-profit organization which supports education for disadvantaged students. Mr. Rhein is a Certified Public Accountant.

Richard E. Bruce retired from Merrill Lynch in 2004. From 1992 until his retirement, Mr. Bruce worked in the Equity Capital Markets department at Merrill Lynch, most recently as a director. Mr. Bruce has a BA degree in economics from Union College and an MBA degree from the Wharton School of the University of Pennsylvania.