PR Newswire·Jul 16, 2026, 9:00 AM ET

Cohen & Steers Quality Income Realty Fund, Inc. Announces Preliminary Results of Transferable Rights Offering

Cohen & Steers Quality Income Realty Fund, Inc. (NYSE: RQI) announced results of its transferable rights offering which ran from June 18, 2026 to July 15, 2026.
UBS Investment Bank served as the sole dealer manager for the offering.
The offering is expected to result in the issuance of approximately 12,642,989 common shares.
Anticipated gross proceeds to the Fund are approximately $154 million, rising to $220 million when adding anticipated leverage.
The Fund retains all proceeds because the Advisor agreed to pay all expenses related to the offering.
The subscription price was set at $12.15 per share based on a formula using the higher of 92.5% of the average NYSE sales price or 90% of the average net asset value over the expiration date plus four preceding trading days.
Joseph Harvey, CEO of Cohen & Steers, stated the proceeds will help capitalize on opportunities in listed and private real estate.
Portfolio Manager Mathew Kirschner cited a new real estate cycle, retail renaissance, AI-driven digital transformation, and demographic shifts as drivers for the investment strategy.
The Fund is a closed-end investment company seeking high current income from real estate securities with a secondary goal of capital appreciation.
Cohen & Steers is a global investment manager founded in 1986, specializing in real assets and alternative income.