NEW YORK,
June 23, 2017
/PRNewswire/ -- This press release provides
shareholders of Cohen & Steers Quality Income Realty Fund, Inc.
(NYSE: RQI) (the "Fund") with information regarding the sources of
the distribution to be paid on June 30,
2017 and cumulative distributions paid fiscal
year-to-date.
In December 2012, the Fund
implemented a managed distribution policy in accordance with
exemptive relief issued by the Securities and Exchange
Commission. The managed distribution policy seeks to
deliver the Fund's long-term total return potential through regular
monthly distributions declared at a fixed rate per common
share. The policy gives the Fund greater flexibility
to realize long-term capital gains throughout the year and to
distribute those gains on a regular monthly basis to
shareholders. The Board of Directors of the Fund may
amend, terminate or suspend the managed distribution policy at any
time, which could have an adverse effect on the market price of the
Fund's shares.
The Fund's monthly distributions may include long-term
capital gains, short-term capital gains, net investment income
and/or return of capital for federal income tax purposes. Return of
capital includes distributions paid by the Fund in excess of its
net investment income and net realized capital gains and such
excess is distributed from the Fund's assets. A return of capital
is not taxable; rather, it reduces a shareholder's tax basis in his
or her shares of the Fund. In addition, distributions from the
Fund's investments in real estate investment trusts (REITs) may
later be characterized as capital gains and/or a return of capital,
depending on the character of the dividends reported to the Fund
after year end by REITs held by the Fund. The amount of monthly
distributions may vary depending on a number of factors, including
changes in portfolio and market conditions.
At the time of each monthly distribution, information will
be posted to cohenandsteers.com and mailed to shareholders in a
concurrent notice. However, this information may change at the end
of the year because the final tax characteristics of the Fund's
distributions cannot be determined with certainty until after the
end of the calendar year. Final tax characteristics of all of the
Fund's distributions will be provided on Form 1099-DIV, which is
mailed after the close of the calendar year.
The following table sets forth the estimated amounts of
the current distribution and the cumulative distributions paid this
fiscal year-to-date from the sources indicated. All amounts are
expressed per common share.
DISTRIBUTION ESTIMATES
|
June 2017
|
YEAR-TO-DATE (YTD)
June 30, 2017*
|
Source
|
Per Share Amount
|
% of Current Distribution
|
Per Share Amount
|
% of 2017 Distributions
|
Net Investment Income
|
$0.0000
|
0.00%
|
$0.0000
|
0.00%
|
Net Realized Short-Term Capital
Gains
|
$0.0000
|
0.00%
|
$0.0000
|
0.00%
|
Net Realized Long-Term Capital
Gains
|
$0.0800
|
100.00%
|
$0.4800
|
100.00%
|
Return of Capital (or other Capital
Source)
|
$0.0000
|
0.00%
|
$0.0000
|
0.00%
|
Total Current Distribution
|
$0.0800
|
100.00%
|
$0.4800
|
100.00%
|
You should not draw any conclusions about the Fund's
investment performance from the amount of this distribution or from
the terms of the Fund's managed distribution
policy. The
amounts and sources of distributions reported in this Notice are
only estimates, are likely to change over time, and are not being
provided for tax reporting purposes. The actual amounts and
sources of the amounts for accounting and tax reporting purposes
will depend upon the Fund's investment experience during the
remainder of its fiscal year and may be subject to changes based on
tax regulations. The amounts and sources of distributions
year-to-date may be subject to additional
adjustments.
*THE FUND WILL SEND YOU A FORM 1099-DIV FOR THE
CALENDAR YEAR THAT WILL TELL YOU HOW TO REPORT THESE DISTRIBUTIONS
FOR FEDERAL INCOME TAX PURPOSES.
The Fund's Year-to-date Cumulative Total Return for fiscal
year 2017 (January 1, 2017 through
May 31, 2017) is set forth below.
Shareholders should take note of the relationship between the
Year-to-date Cumulative Total Return with the Fund's Cumulative
Distribution Rate for 2017. In addition, the Fund's Average Annual
Total Return for the five-year period ending May 31, 2017 is set forth below. Shareholders
should note the relationship between the Average Annual Total
Return with the Fund's Current Annualized Distribution Rate for
2017. The performance and distribution rate information disclosed
in the table is based on the Fund's net asset value per share
(NAV). The Fund's NAV is calculated as the total market value of
all the securities and other assets held by the Fund minus the
total liabilities, divided by the total number of shares
outstanding. While NAV performance may be indicative of the Fund's
investment performance, it does not measure the value of a
shareholder's individual investment in the Fund. The value of a
shareholder's investment in the Fund is determined by the Fund's
market price, which is based on the supply and demand for the
Fund's shares in the open market.
Fund Performance and Distribution Rate
Information:
Year-to-date January 1, 2017 to May 31,
2017
|
Year-to-date Cumulative Total
Return1
|
2.79%
|
Cumulative Distribution
Rate2
|
3.59%
|
|
Five-year period ending May 31,
2017
|
Average Annual Total
Return3
|
13.31%
|
Current Annualized Distribution
Rate4
|
7.18%
|
1.
|
Year-to-date Cumulative Total Return is the
percentage change in the Fund's NAV over the year-to-date time
period including distributions paid and assuming reinvestment of
those distributions.
|
2.
|
Cumulative Distribution Rate for the Fund's current
fiscal period (January 1, 2017 through May 31, 2017) measured on
the dollar value of distributions in the year-to-date period as a
percentage of the Fund's NAV as of May 31, 2017.
|
3.
|
Average Annual Total Return represents the compound
average of the Annual NAV Total Returns of the Fund for the
five-year period ending May 31, 2017. Annual NAV Total Return is
the percentage change in the Fund's NAV over a year including
distributions paid and assuming reinvestment of those
distributions.
|
4.
|
The Current Annualized Distribution Rate is the
current fiscal period's distribution rate annualized as a
percentage of the Fund's NAV as of May 31, 2017.
|
Investors should consider the investment objectives,
risks, charges and expense of the fund carefully before investing.
You can obtain the fund's most recent periodic reports, when
available, and other regulatory filings by contacting your
financial advisor or visiting cohenandsteers.com. These reports and
other filings can be found on the Securities and Exchange
Commission's EDGAR Database. You should read these reports and
other filings carefully before investing.
Shareholders should not use the information provided in
preparing their tax returns. Shareholders will receive a Form
1099-DIV for the calendar year indicating how to report Fund
distributions for federal income tax purposes.
Website:
http://cohenandsteers.com/
Symbol: NYSE: CNS
About Cohen & Steers. Cohen &
Steers is a global investment manager specializing in liquid real
assets, including real estate securities, listed infrastructure,
commodities and natural resource equities, as well as preferred
securities and other income solutions. Founded in 1986, the firm is
headquartered in New York City,
with offices in London,
Hong Kong, Tokyo and Seattle.
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SOURCE Cohen & Steers