Cohen & Steers Fund Cancels Meeting with One of Its Largest Shareholders.

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Cohen & Steers Fund Cancels Meeting with One of Its Largest Shareholders.

Western Investment Criticizes Recent By-Law Amendments and Announces Proxy Challenge

NEW YORK -- Western Investment LLC ("Western Investment"), one of the largest shareholders of Cohen & Steers Select Utility Fund, Inc. (NYSE:UTF), on Friday, January 18, 2008, sent a letter to each member of the Board of Directors of UTF describing certain concerns Western Investment has regarding what it believes to be shareholder unfriendly actions taken by the Board. Prior to sending the letter, Western Investment had arranged to meet in-pers...

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