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 payable January 30, 2026. The Fund estimates a $0.0900 per-share distribution, attributed 100% to net realized long-term capital gains.

The Fund reports a current annualized distribution rate of 8.93%, a five-year average annual total return of 6.44%, and a year-to-date cumulative total return of 2.94%. Final tax character is subject to year-end adjustment and Form 1099-DIV.

Positive

• $0.0900 per-share distribution payable January 30, 2026
• Distribution funded 100% by net realized long-term capital gains
• Current annualized distribution rate of 8.93%
• Five-year average annual total return of 6.44%

Negative

• Net investment income reported as 0.00% of current distribution
• Monthly distribution may be return of capital in other periods depending on portfolio results
• Board may amend, suspend or terminate

News Market Reaction

-1.75%

1 alert

-1.75% News Effect

On the day this news was published, CNS declined 1.75%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Current distribution per share: $0.0900 Source of distribution: 100.00% net realized long-term capital gains Net investment income component: $0.0000 (0.00%) +5 more

8 metrics

Current distribution per share $0.0900 RQI January 30, 2026 distribution

Source of distribution 100.00% net realized long-term capital gains RQI January 2026 and YTD 2026

Net investment income component $0.0000 (0.00%) RQI January 2026 and YTD 2026 distribution

Return of capital component $0.0000 (0.00%) RQI January 2026 and YTD 2026 distribution

YTD cumulative total return 2.94% Fund NAV, Jan 1–Dec 31, 2025

Cumulative distribution rate 0.74% Current fiscal period through Jan 31, 2026 vs NAV Dec 31, 2025

5-year average annual total return 6.44% Fund NAV, five-year period ending Dec 31, 2025

Current annualized distribution rate 8.93% Current fiscal period distribution vs NAV Dec 31, 2025

Market Reality Check

Price: $62.71 Vol: Volume 501,984 vs 20-day ...

normal vol

$62.71 Last Close

Volume Volume 501,984 vs 20-day average 348,880 (relative volume 1.44x) ahead of this fund distribution notice. normal

Technical Shares trade below the 200-day MA of 71.14 with price at 65.09, and are 28.53% below the 52-week high.

Peers on Argus

CNS slipped 0.25% with mixed peer moves: AB -1.58%, FHI -1.48%, while APAM +0.5%...

CNS slipped 0.25% with mixed peer moves: AB -1.58%, FHI -1.48%, while APAM +0.5%, DNP +0.4%, HTGC +0.75%. No coordinated sector momentum flagged.

Historical Context

5 past events · Latest: Jan 22 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 22	Earnings release	Neutral	-4.2%	Reported Q4 and full-year 2025 financial results and held earnings call.
Jan 14	Earnings date set	Positive	+1.4%	Announced timing and access details for Q4 and 2025 results release.
Jan 12	AUM and flows	Negative	-0.6%	Disclosed December 2025 AUM decline driven by market depreciation and distributions.
Jan 12	Executive appointment	Positive	+0.3%	Named COO and Head of Asset Management for Private Real Estate Group.
Jan 07	Leadership change	Positive	-0.7%	Appointed new Head of Japan to lead operations and client relationships.

Pattern Detected

Recent news has mostly seen price moves align with the underlying news tone, with one notable divergence on management/leadership news.

Recent Company History

Over the last month, CNS has reported preliminary AUM, executive appointments, international leadership changes, and full-year 2025 results. AUM ticked down in December on market depreciation and distributions, while net inflows offset some pressure. Management has expanded leadership in private real estate and Japan, signaling strategic focus areas. The current fund distribution notice for RQI fits into this broader asset-management and income-distribution narrative rather than marking a new corporate inflection point.

Market Pulse Summary

This announcement details how RQI’s January 2026 distribution of $0.0900 per share is sourced entire...

Analysis

This announcement details how RQI’s January 2026 distribution of $0.0900 per share is sourced entirely from net realized long-term capital gains, with no return of capital. It also outlines NAV-based performance, including a 2.94% cumulative total return for 2025 and a 6.44% five-year average annual total return. Investors may monitor future notices for shifts in the mix between income, capital gains, and any potential return of capital, and compare distribution rates with NAV total returns.

Key Terms

managed distribution policy, return of capital, net investment income, real estate investment trusts (REITs), +4 more

8 terms

managed distribution policy financial

"the Fund implemented a managed distribution policy in accordance with exemptive"

A managed distribution policy is a company’s plan to pay regular cash to shareholders at a set rate by combining income, dividends and occasional return of capital. Think of it as a scheduled withdrawal from a household account: it can provide steady income for investors, but part of the payment may come from savings rather than ongoing earnings, so investors should watch how those payments are funded and whether they are sustainable over time.

return of capital financial

"Return of capital includes distributions paid by the Fund in excess of its net"

Return of capital is when an investor receives money from their investment that is not considered profit or earnings but rather a portion of the original amount they invested. It’s similar to getting back part of your initial savings rather than gains from it. This matters because it can affect how much money an investor still has in the investment and may have tax implications.

net investment income financial

"Return of capital includes distributions paid by the Fund in excess of its net investment income"

Net investment income is the money an investor or fund actually keeps from its investments after subtracting the costs of running those investments (like management fees, interest, and losses). Think of it as your paycheck from owning assets: gross returns minus the bills needed to earn them. Investors watch it because it shows how profitable the investment activities are, influences dividend payouts and cash available for growth, and helps compare true performance across funds or companies.

real estate investment trusts (REITs) financial

"distributions from the Fund's investments in real estate investment trusts (REITs) may later be"

Real estate investment trusts (REITs) are companies that own, operate or finance income-producing real estate—like apartment buildings, offices, shopping centers or warehouses—and make most of their rental income available to shareholders as dividends. For investors, REITs offer a way to get regular income and property exposure without buying buildings directly, similar to owning slices of many rental properties, and they can provide diversification but remain sensitive to interest rates and property market conditions.

Form 1099-DIV regulatory

"Final tax characteristics of all of the Fund's distributions will be provided on Form 1099-DIV"

Form 1099-DIV is a U.S. tax document brokers, mutual funds and other financial institutions send to investors showing dividends and other distributions paid during the year. Investors use it like an annual receipt to report taxable income — including regular dividends, dividends that may qualify for lower tax rates, and capital gains distributions — so it directly affects tax liability and helps reconcile brokerage records with a tax return.

net asset value financial

"The performance and distribution rate information disclosed in the table is based on the Fund's net asset value per share (NAV)."

Net asset value is the total value of an investment fund's assets minus any liabilities, divided by the number of shares or units outstanding. It represents the per-share worth of the fund, similar to how the value of a house is determined by its total worth after debts are subtracted. Investors use it to gauge the true value of their holdings and to compare different investment options.

NAV financial

"Annual NAV Total Return is the percentage change in the Fund's NAV over a year"

Net asset value (NAV) is the total value of all the investments and assets in a fund or company, minus any debts or liabilities, divided by the number of shares or units outstanding. It represents the per-share worth, giving investors an idea of what each share is truly worth based on the underlying assets. Think of it like a company's total worth divided among its shares, helping investors assess whether a share is fairly priced.

EDGAR Database regulatory

"These reports and other filings can be found on the Securities and Exchange Commission's EDGAR Database."

The EDGAR database is the U.S. regulator’s public online repository for official company filings such as financial reports, registration statements and insider-trading disclosures. Think of it as a public filing cabinet or library where investors can read the primary documents companies are legally required to submit, allowing anyone to verify financial results, track changes in ownership, and spot risks or inconsistencies before making investment decisions.

AI-generated analysis. Not financial advice.

NEW YORK, Jan. 27, 2026 /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 January 30, 2026 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	January 2026		YEAR-TO-DATE (YTD) January 31, 2026*
Source	Per Share Amount	% of Current Distribution	Per Share Amount	% of 2026 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	$0.0900	100.00 %	$0.0900	100.00 %
Return of Capital (or other Capital Source)	$0.0000	0.00 %	$0.0000	0.00 %
Total Current Distribution	$0.0900	100.00 %	$0.0900	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 December 31, 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 December 31, 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 December 31, 2025
Year-to-date Cumulative Total Return1	2.94 %
Cumulative Distribution Rate2	0.74 %
Five-year period ending December 31, 2025
Average Annual Total Return3	6.44 %
Current Annualized Distribution Rate4	8.93 %

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, 2026 through January 31, 2026) measured on the dollar value of distributions in the year-to-date period as a percentage of the Fund's NAV as of December 31, 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 December 31, 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 December 31, 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 the January 30, 2026 distribution per share for Cohen & Steers Quality Income Realty Fund (RQI)?

The Fund is estimating a $0.0900 per-share distribution payable January 30, 2026. According to the company, this estimate is 100% attributed to net realized long-term capital gains and is subject to year-end tax characterization.

How much of RQI's January 2026 distribution is from net investment income?

None of the estimated January 2026 distribution is from net investment income; it is 0.00%. According to the company, the payment is currently estimated entirely from net realized long-term capital gains and may change after year-end.

What is RQI's current annualized distribution rate and how is it measured?

RQI's current annualized distribution rate is 8.93%. According to the company, this rate annualizes the current fiscal period's distribution as a percentage of the Fund's NAV as of December 31, 2025.

What were RQI's recent performance metrics for investors to consider?

The Fund reports a year-to-date cumulative NAV total return of 2.94% and a five-year average annual total return of 6.44%. According to the company, these figures are NAV-based and assume reinvestment of distributions.

Will the tax character of RQI's January 2026 distribution be final for tax reporting?

No, the tax character is an estimate and may change; final reporting will appear on Form 1099-DIV. According to the company, year-end adjustments and tax rules determine the final classification for federal income tax purposes.