UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM N-PX ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY INVESTMENT COMPANY ACT FILE NUMBER: 811-09993 NAME OF REGISTRANT: Cohen & Steers Advantage Income Realty Fund, Inc. ADDRESS OF PRINCIPAL EXECUTIVE OFFICES: 280 PARK AVENUE 10TH FLOOR New York, NY 10017 NAME AND ADDRESS OF AGENT FOR SERVICE: Francis C. Poli 280 PARK AVENUE 10TH FLOOR New York, NY 10017 REGISTRANT'S TELEPHONE NUMBER: 212-832-3232 DATE OF FISCAL YEAR END: 12/31 DATE OF REPORTING PERIOD: 07/01/2009 - 06/30/2010 Cohen & Steers Advantage Income Realty Fund - -------------------------------------------------------------------------------------------------------------------------- DEXUS PROPERTY GROUP Agenda Number: 702105239 - -------------------------------------------------------------------------------------------------------------------------- Security: Q3190P100 Meeting Type: AGM Meeting Date: 26-Oct-2009 Ticker: ISIN: AU000000DXS1 - -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management VOTING EXCLUSIONS APPLY TO THIS MEETING FOR Non-Voting No vote PROPOSALS 4 AND VOTES CAST BY ANY INDIVIDUAL OR RELATED PARTY WHO BENEFIT FROM THE PASSING OF THE PROPOSAL/S WILL BE DISREGARDED. HENCE, IF YOU HAVE OBTAINED BENEFIT OR DO EXPECT TO OBTAIN FUTURE BENEFIT YOU SHOULD NOT VOTE [OR VOTE "ABSTAIN"] FOR THE RELEVANT PROPOSAL ITEMS. To present the Directors' report, financial Non-Voting No vote statements and independent Auditor's report for the FYE 30 JUN 2009 1. Ratify, the continuing appointment of Christopher Mgmt For For T. Beare as a Director of Dexus Funds Management Limited 2. Ratify, the initial appointment of John C. Conde Mgmt For For AO as a Director of Dexus Funds Management Limited 3. Ratify, the initial appointment of Peter B. Mgmt For For St. George as a Director of Dexus Funds Management Limited 4. Ratify, for the purposes of ASX Listing Rule Mgmt For For 7.1 and 7.4, the issue of 138,500,000 stapled securities, each comprising a unit in each of Dexus Diversified Trust, Dexus Industrial Trust, Dexus Office Trust and Dexus Operations Trust, [Security] to certain institutional and sophisticated investors at AUD 0.65 per Security issued on 21 APR 2009 as specified 5. Adopt the remuneration report for the FYE 30 Mgmt For For JUN 2009 - -------------------------------------------------------------------------------------------------------------------------- ING OFFICE FUND Agenda Number: 702149938 - -------------------------------------------------------------------------------------------------------------------------- Security: Q49560107 Meeting Type: AGM Meeting Date: 30-Nov-2009 Ticker: ISIN: AU000000IOF6 - -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management PLEASE NOTE THAT THIS IS AN INFORMATION MEETING. Non-Voting No vote SHOULD YOU WISH TO ATTEND THE MEETING PERSONALLY, YOU MAY APPLY FOR AN ENTRANCE CARD BY CONTACTING YOUR CLIENT REPRESENTATIVE. THANK YOU Receive a presentation on the results and activities Non-Voting No vote of the Fund for the FYE 30 JUN 2009 and an update of the activities post 30 JUN 2009 * Management position unknown SIGNATURES Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. (Registrant) Cohen & Steers Advantage Income Realty Fund, Inc. By (Signature) /s/ Adam M. Derechin Name Adam M. Derechin Title President Date 08/18/2010