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 estimated sources for its monthly distribution to be paid October 31, 2025 and cumulative distributions paid fiscal year-to-date. The October 2025 distribution is estimated at $0.0800 per share, composed of 92.75% net realized long-term capital gains and 7.25% net investment income. Year-to-date through October 31, 2025 the Fund reports cumulative distributions of $0.8000 per share with sources: 48.80% long-term gains, 30.45% net investment income and 20.75% short-term gains.

Performance metrics: YTD cumulative total return (Jan 1–Sep 30, 2025) is 7.27%, cumulative distribution rate is 6.15%, five-year average annual total return is 9.59%, and current annualized distribution rate is 7.38%. Final tax characterizations will be reported on Form 1099-DIV after year end.

Positive

• Current distribution of $0.0800 per share
• Year-to-date cumulative distributions total $0.8000 per share
• Five-year average annual total return of 9.59%

Negative

• Current distribution is 92.75% from long-term capital gains (less reliance on net investment income)
• Net investment income represents only 7.25% of the October distribution

Insights

Portfolio Income Analyst

Clear monthly distribution composition: mostly long‑term capital gains; NAV returns modestly positive year‑to‑date.

The Fund reports the October 31, 2025 distribution at $0.0800 per share, of which 92.75% ($0.0742) is estimated as net realized long‑term capital gains and 7.25% ($0.0058) as net investment income. Year‑to‑date through October 31, 2025, distributions total $0.8000 per share, with 48.80% from long‑term capital gains, 30.45% from net investment income, and 20.75% from short‑term gains.

The Fund discloses performance metrics on a NAV basis: a year‑to‑date cumulative total return of 7.27%, a cumulative distribution rate of 6.15%, a five‑year average annual return of 9.59%, and a current annualized distribution rate of 7.38%. These figures are presented as estimates and the Fund warns final tax characterizations may change and will be reported on Form 1099‑DIV after year end. Monitor the final Form 1099‑DIV after the calendar year close to confirm tax treatment and any year‑end adjustments.

NEW YORK, Oct. 28, 2025 /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 October 31, 2025 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	October 2025		YEAR-TO-DATE (YTD) October 31, 2025 *
Source	Per Share Amount	% of Current Distribution	Per Share Amount	% of 2025 Distributions
Net Investment Income	$0.0058	7.25 %	$0.2436	30.45 %
Net Realized Short-Term Capital Gains	$0.0000	0.00 %	$0.1660	20.75 %
Net Realized Long-Term Capital Gains	$0.0742	92.75 %	$0.3904	48.80 %
Return of Capital (or other Capital Source)	$0.0000	0.00 %	$0.0000	0.00 %
Total Current Distribution	$0.0800	100.00 %	$0.8000	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 September 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 September 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 September 30, 2025
Year-to-date Cumulative Total Return1	7.27 %
Cumulative Distribution Rate2	6.15 %
Five-year period ending September 30, 2025
Average Annual Total Return3	9.59 %
Current Annualized Distribution Rate4	7.38 %

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 October 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 September 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 September 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 the current fiscal period's distribution rate annualized as a percentage of the Fund's NAV as of September 30, 2025.

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 New York City, with offices in London, Dublin, Hong Kong, Tokyo and Singapore.

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 estimated distribution per share for October 31, 2025?

The Fund estimates a $0.0800 per share distribution to be paid on October 31, 2025.

How much has RQI paid in distributions year-to-date through October 31, 2025?

Year-to-date distributions total an estimated $0.8000 per common share through October 31, 2025.

What are the primary sources of RQI's October 2025 distribution (NYSE: RQI)?

The October 2025 distribution is estimated to be 92.75% net realized long-term capital gains and 7.25% net investment income.

What is RQI's year-to-date cumulative total return and cumulative distribution rate for 2025?

Year-to-date (Jan 1–Sep 30, 2025) cumulative total return is 7.27% and cumulative distribution rate is 6.15%.

Will the October distribution be taxable as reported now for federal purposes?

No; these are estimated sources. Final tax characterizations will be provided on Form 1099-DIV after year end.

How does RQI annualize its current distribution rate for investors?

The Fund reports a current annualized distribution rate of 7.38% based on NAV as of September 30, 2025.