Cohen & Steers, Inc. (CNS), together with its wholly owned subsidiaries manages income-oriented equity portfolios, specializing in United States real estate investment trust (REIT) and international real estate securities, large cap value stocks, utilities and listed infrastructure, and preferred securities. The Company also offers alternative investment strategies, such as hedged real estate securities portfolios and private real estate multimanager strategies. CNS serves individual and institutional investors through a range of investment vehicles. The Company’s revenue is derived primarily from investment advisory, administration, distribution and service fees received from open-end and closed-end mutual funds and investment advisory fees received from institutional separate accounts.