Down, But Not Out

Closed-End Funds

C

NASDAQ Symbol 1 Year 12/31/06 to 12/31/07  Cumulative Total  Return 2 Year 12/31/05 to 12/31/07  Cumulative Total  Return   NAV Market Price NAV Market Price Fund Manager(s) • Contact FPO Date ING Clarion Global Real Estate Income XIGRX -32.03 14.55 53.99 22.77 Team Managed • 480-477-3000 2/25/2004 Cohen & Steers Worldwide Realty XRWFX -32.41 16.3 47.45 24.69 Cohen/Harvey/Steers • 212-832-3232 3/31/2005 Cohen & Steers Premium Income XRPFX -32.45 14.05 42.48 27 Cohen/Harvey/Steers • 212-832-3232 8/27/2002 Cohen & Steers Advantage Income XRLFX -35.28 13.81 39.44 25.9 Cohen/Harvey/Steers • 212-832-3232 5/24/2001 Cohen & Steers Quality Income Realty XRQIX -30.34 13.95 39.36 25.61 Cohen/Harvey/Steers • 212-832-3232 2/25/2002 Neuberger Berman Real Estate Secs XNROX -23 11.13 39.21 20.88 Steven R. Brown • 212-476-8800 10/28/2003 Neuberger Div Advtg XNDDX -6.37 17.69 38.46 26.59 Team Managed • 212-476-8800 3/25/2004 Neuberger Berman Realty Income XNRIX -20.39 15.43 37.38 27.49 Steven R. Brown • 212-476-8800 4/24/2003 Scudder RREEF Real Estate Fund II XSROX -26.01 12.35 36.91 22.42 Team Managed • 800-349-4281 8/26/2003 RMR Real Estate Fund XRMRX -26.19 11.57 35.2 19.75 O’Brien/Portnoy • 617-332-9530 12/19/2003 Scudder RREEF Real Estate Fund XSRQX -23.15 16.87 34.8 29.12 Team Managed • 800-349-4281 10/28/2002 Real Estate Income Fund XRITX -25.62 14.64 32.1 24.53 Matthew Troxell • 617-449-2801 7/31/2002 ING Clarion Real Estate Income XIIAX -34.86 10.99 31.33 19.88 Team Managed • 480-477-3000 9/25/2003 Cohen & Steers REIT & Utility Income XRTUX -1.15 21.43 30.89 25.22 Cohen/Harvey/Steers • 212-832-3232 1/28/2004 Nuveen Real Estate Income Fund XJRSX -38.33 15.03 29.55 26.74 Team Managed • 800-257-8787 11/15/2001 Cohen & Steers REIT&Pref XRNPX -28.39 20.75 28.9 32.02 Team Managed • 212-832-3232 6/25/2003 Cohen & Steers Total Return Realty XRFIX -22.83 12.87 27.14 19.74 Cohen/Harvey/Steers • 212-832-3232 9/17/1993 Cohen & Steers Dvd Mjrs XDVMX -9.51 18.29 26.66 23.12 Team Managed • 212-832-3232 1/28/2005 RMR Hospitality & Real Estate Fund XRHRX -28.11 15.34 25.84 25.87 O’Brien/Portnoy • 617-332-9530 4/28/2004 Dividend Capital Realty Income XDCAX -44.81 8.18 25.4 15.99 Team Managed • 800-527-9525 2/23/2005 Nuveen Dvs Div & Income XJDDX -25.68 15.26 23.32 19.3 Team Managed • 800-257-8787 9/30/2003 RMR FIRE Fund XRFRX -36.29 12.76 21.54 24.87 Team Managed • 617-332-9530 11/22/2004 RMR Asia Pacific RE XRAPX -2.99 18.9 N/A N/A Team Managed • 617-332-9530 5/26/2006

Source: Lipper, A Reuters Company