Cohen & Steers Quality Income Realty Fund, Inc. (RQI) Declares its March 2013
NEW YORK, March 7, 2013
NEW YORK, March 7, 2013 /PRNewswire/ -- The Board of Directors of Cohen &
Steers Quality Income Realty Fund, Inc. (NYSE:RQI) (the "Fund") declared its
first quarter 2013 distribution as summarized in the chart below:
Quarterly Ex-Dividend Record Payable
Distribution Per Date Date Date
$0.1800 March 18, 2013 March 20, 2013 March 28, 2013
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 quarterly 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 quarterly 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 quarterly 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
quarterly distributions may vary depending on a number of factors, including
changes in portfolio and market conditions.
At the time of each quarterly distribution, information will be posted to
cohenandsteers.com and mailed to common 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 March 2013
March 31, 2013*
Source Per Share % of Current Per Share % of 2013
Amount Distribution Amount Distributions
Net Investment Income $0.0567 31.50% $0.0567 31.50%
Net Realized Short-Term Capital $0.0000 0.00% $0.0000 0.00%
Net Realized Long-Term Capital $0.0582 32.33% $0.0582 32.33%
Return of Capital (or other $0.0651 36.17% $0.0651 36.17%
Total Current Distribution $0.1800 100.00% $0.1800 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 Fund estimates that it has distributed more than its
income and capital gains; therefore, a portion of your distribution may be a
return of capital. A return of capital may occur, for example, when some or
all of the money that you invested in the Fund is paid back to you. A return
of capital distribution does not necessarily reflect the Fund's investment
performance and should not be confused with 'yield' or 'income'. 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 2013 (January
1, 2013 through February 28, 2013) is set forth below. Shareholders should
note the relationship between the Year-to-date Cumulative Total Return with
the Fund's Cumulative Distribution Rate for 2013. Moreover, the Fund's Average
Annual Total Return for the five-year period ending February 28, 2013 is set
forth below. Shareholders should also note the relationship between the
Average Annual Total Return with the Fund's Current Annualized Distribution
Rate for 2013. In addition, the performance and distribution rate information
disclosed in the table below 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
Fund Performance and Distribution Rate Information:
Year-to-date January 1, 2013 to February 28, 2013
Year-to-date Cumulative Total Return^1 5.77%
Cumulative Distribution Rate^2 1.56%
Five year period ending February 28, 2013
Average Annual Total Return^3 5.07%
Current Annualized Distribution Rate^4 6.24%
Year-to-date Cumulative Total Return is the percentage change in the Fund's
1. NAV over the year-to-date time period including distributions paid and
assuming reinvestment of those distributions.
Cumulative Distribution Rate for the Fund's current fiscal period (January
2. 1, 2013 through March 31, 2013) measured on the dollar value of
distributions in the year-to-date period as a percentage of the Fund's NAV
as of February 28, 2013.
Average Annual Total Return represents the compound average of the Annual
NAV Total Returns of the Fund for the five year period ending February 28,
3. 2013. Annual NAV Total Return is the percentage change in the Fund's NAV
over a year including distributions paid and assuming reinvestment of those
The Current Annualized Distribution Rate is the current fiscal period's
4. distribution rate annualized as a percentage of the Fund's NAV as of
February 28, 2013.
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.
More information is available at cohenandsteers.com.
About Cohen & Steers. Founded in 1986, Cohen & Steers is a leading global
investment manager focused on global real estate securities, global listed
infrastructure, real assets, large cap value stocks and preferred securities.
The company also manages alternative investment strategies for qualified
investors such as hedged real estate securities portfolios and private real
estate strategies. Headquartered in New York City, with offices in London,
Brussels, Hong Kong, Tokyo and Seattle, Cohen & Steers serves institutional
and individual investors around the world.
SOURCE Cohen & Steers Quality Income Realty Fund, Inc.
Contact: Anthony Ialeggio, Senior Vice President, Director of Global
Marketing, Cohen & Steers, Inc., +1-212-796-9345
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