A list Λ = {λ 1 , λ 2 , . . . , λ n } of complex numbers is said to be realizable if it is the spectrum of an entrywise nonnegative matrix. The list Λ is said to be universally realizable (U R) if it is the spectrum of a nonnegative matrix for each possible Jordan canonical form allowed by Λ. It is well known that an n × n nonnegative matrix A is co-spectral to a nonnegative matrix B with constant row sums. In this paper, we extend the co-spectrality between A and B to a similarity between A and B, when the Perron eigenvalue is simple. We also show that if ǫ ≥ 0 and Λ = {λ 1 , λ 2 , . . . , λ n } is U R, then {λ 1 + ǫ, λ 2 , . . . , λ n } is also U R. We give counter-examples for the cases: Λ = {λ 1 , λ 2 , . . . , λ n } is U R implies {λ 1 + ǫ, λ 2 − ǫ, λ 3 , . . . , λ n } is U R, and Λ 1 , Λ 2 are U R implies Λ 1 ∪ Λ 2 is U R.