Cohen & Steers Quality Income Realty Fund, Inc. (RQI) Notification of Sources of Distribution Under Section 19(a)
Rhea-AI Summary
Cohen & Steers Quality Income Realty Fund (NYSE: RQI) announced estimates of the sources for its monthly distribution to be paid on December 31, 2025 and cumulative distributions year-to-date through December 31, 2025.
Key figures: current monthly distribution $0.0800 per share (Dec 2025), of which an estimated $0.0761 (95.13%) is net investment income and $0.0039 (4.87%) is net realized long-term capital gains. Year-to-date distributions total $1.0900 per share with 54.10% from long-term capital gains and 30.67% from net investment income.
Performance metrics: year-to-date cumulative NAV total return 6.79%, cumulative distribution rate 8.54%, five-year average annual NAV total return 8.07%, and current annualized distribution rate 7.52%. Final tax classifications will be reported on Form 1099-DIV after year end.
Positive
- Monthly distribution of $0.0800 per share for December 2025
- Year-to-date distributions total $1.0900 per share for 2025
- Majority of December distribution from net investment income (95.13%)
- Long-term gains comprised 54.10% of 2025 YTD distributions
Negative
- Cumulative distribution rate 8.54% exceeds YTD NAV total return 6.79%
- Estimated tax character of distributions is provisional until Form 1099-DIV
- Current annualized distribution rate 7.52% may differ from future NAV performance
News Market Reaction 1 Alert
On the day this news was published, CNS declined 1.03%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
CNS slipped 0.29% with light volume, while peers like AB (-0.48%), APAM (-0.67%), DNP (-0.50%), FHI (-0.43%) and HTGC (-1.17%) also declined, suggesting a softer asset‑management tape but without confirmed sector‑wide momentum.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 08 | AUM update | Positive | +1.3% | Rise in AUM to $91.9B with market gains offsetting net outflows. |
| Dec 08 | Corporate recognition | Positive | -3.5% | Best Place to Work award did not translate into short-term price strength. |
| Nov 26 | RFI distribution notice | Neutral | -0.8% | Section 19(a) disclosure on RFI payouts and NAV performance metrics. |
| Nov 26 | FOF distribution notice | Neutral | -0.8% | FOF distribution sources and NAV return data shared with investors. |
| Nov 26 | RNP distribution notice | Neutral | -0.8% | RNP’s mix of income and return of capital plus NAV returns disclosed. |
Recent Cohen & Steers fund distribution notices (RFI, FOF, RNP) have coincided with modestly negative or flat moves in CNS, indicating these technical income updates have not been strong standalone catalysts.
Over the last few months, Cohen & Steers has reported several fund‑level distribution and performance updates alongside corporate milestones. On Dec 8, 2025, CNS highlighted $91.9 billion in preliminary AUM and separately received a workplace recognition award, with mixed short‑term price reactions. In late November, three closed‑end funds (RFI, FOF, RNP) issued Section 19(a) distribution notices with detailed breakdowns of income, capital gains and return of capital. Today’s RQI notice fits this pattern of recurring transparency on payout sources and NAV‑based performance.
Market Pulse Summary
This announcement details the composition of RQI’s December $0.0800 per‑share distribution and $1.0900 in year‑to‑date payouts, emphasizing that 95.13% of the monthly amount is net investment income. It also highlights a 6.79% year‑to‑date NAV total return versus an 8.54% cumulative distribution rate and a five‑year average annual NAV return of 8.07%. Investors may watch how future notices reconcile NAV performance with the managed distribution policy.
Key Terms
managed distribution policy financial
return of capital financial
real estate investment trusts (REITs) financial
net asset value financial
Form 1099-DIV regulatory
AI-generated analysis. Not financial advice.
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 | December 2025 | YEAR-TO-DATE (YTD) December 31, 2025* | ||
Source | Per Share | % of Current | Per Share | % of 2025 |
Net Investment Income | 95.13 % | 30.67 % | ||
Net Realized Short-Term Capital Gains | 0.00 % | 15.23 % | ||
Net Realized Long-Term Capital Gains | 4.87 % | 54.10 % | ||
Return of Capital (or other Capital Source) | 0.00 % | 0.00 % | ||
Total Current Distribution | 100.00 % | 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 2025 (January 1, 2025 through November 30, 2025) 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 2025. In addition, the Fund's Average Annual Total Return for the five-year period ending November 30, 2025 is set forth below. Shareholders should note the relationship between the Average Annual Total Return with the Fund's Current Annualized Distribution Rate for 2025. 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, 2025 to November 30, 2025 | |
Year-to-date Cumulative Total Return1 | 6.79 % |
Cumulative Distribution Rate2 | 8.54 % |
Five-year period ending November 30, 2025 | |
Average Annual Total Return3 | 8.07 % |
Current Annualized Distribution Rate4 | 7.52 % |
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, 2025 through December 31, 2025) measured on the dollar value of distributions in the year-to-date period as a percentage of the Fund's NAV as of November 30, 2025. |
3. | Average Annual Total Return represents the compound average of the Annual NAV Total Returns of the Fund for the five-year period ending November 30, 2025. 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 based on the current regular monthly distribution rate of |
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 here 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.
About Cohen & Steers. Cohen & Steers is a leading global investment manager specializing in real assets and alternative income, including listed and private real estate, preferred securities, infrastructure, resource equities, commodities, as well as multi-strategy solutions. Founded in 1986, the firm is headquartered in
Forward-Looking Statements
This press release and other statements that Cohen & Steers may make may contain forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which reflect the company's current views with respect to, among other things, its operations and financial performance. You can identify these forward-looking statements by the use of words such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "seeks," "approximately," "predicts," "intends," "plans," "estimates," "anticipates," or the negative versions of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties.
Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. The company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.
Website: https://www.cohenandsteers.com
Symbol: (NYSE: CNS)
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SOURCE Cohen & Steers, Inc.
FAQ
What is RQI's declared monthly distribution for December 2025 and payment date?
How much of RQI's December 2025 distribution is net investment income?
What are RQI's year-to-date distributions per share for 2025 and primary sources?
How do RQI's 2025 distribution rates compare with NAV performance?
Will the tax treatment of RQI's December 2025 distribution be final now?
Where can RQI shareholders find updated distribution source notices and filings?
