Cohen & Steers Quality Income (RQI) director adds 2,590 shares in rights offer
Rhea-AI Filing Summary
Director Michael G. Clark of Cohen & Steers Quality Income Realty Fund Inc. acquired 2,590 common shares on July 15, 2026 at $12.15 per share through a pro rata transferable Rights Offering. Following this rights subscription, he directly holds 6,275.848 shares of the fund’s common stock.
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Insider Trade Summary
Net Buyer: 2,590 shares
Net Buy
1 txn
Insider
Clark Michael G
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 2,590 | $12.15 | $31K |
Holdings After Transaction:
Common Stock — 6,275.848 shares (Direct)
Footnotes (1)
- F1. Purchased pursuant to a pro rata offering (the "Rights Offering") of transferable rights (the "Rights") to purchase common shares of Cohen & Steers Quality Income Realty Fund, Inc. (the "Fund"). The Fund's shareholders as of the June 18, 2026 record date (the "Record Date") each received one Right for each whole common share held on the Record Date. The Rights entitled their holders to purchase one new common share for every three Rights held. The subscription price per common share was $12.15 (the "Subscription Price") and was fixed as of the close of the subscription period on July 15, 2026 (the "Expiration Date"). The Rights Offering also included an oversubscription privilege which entitled shareholders as of the Record Date who fully exercised their Rights to purchase additional common shares of the Fund at the Subscription Price, subject to availability. The Rights expired at close of business on the Expiration Date.
Key Figures
Shares acquired: 2,590 shares
Subscription price: $12.15 per share
Post-transaction holdings: 6,275.848 shares
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6 metrics
Shares acquired
2,590 shares
Common stock acquired by Michael G. Clark on July 15, 2026
Subscription price
$12.15 per share
Fixed subscription price in the Rights Offering and transaction price
Post-transaction holdings
6,275.848 shares
Total direct RQI common shares held by Michael G. Clark after the acquisition
Record Date
June 18, 2026
Date on which shareholders became entitled to receive Rights in the offering
Rights ratio
1 share per 3 Rights
Each three Rights entitled the holder to purchase one new common share
Expiration Date
July 15, 2026
Date the Rights expired and the subscription price was fixed
Key Terms
Rights Offering, oversubscription privilege, Subscription Price, Record Date, +1 more
5 terms
Rights Offering financial
"Purchased pursuant to a pro rata offering (the "Rights Offering") of transferable rights"
A rights offering is a way for a company to raise additional money by giving existing shareholders the opportunity to buy more shares at a discounted price before they are offered to the public. It’s similar to a special sale where current owners get the first chance to buy extra items at a lower cost, allowing them to increase their investment if they choose. This process matters to investors because it can affect the value of their holdings and their ability to buy new shares at favorable terms.
oversubscription privilege financial
"The Rights Offering also included an oversubscription privilege which entitled shareholders"
An oversubscription privilege is an option offered to existing shareholders during a rights offering that lets them request extra shares beyond their initial allotment if other shareholders don’t take theirs. Think of it like being allowed to buy extra concert tickets if some fans return theirs; it gives investors a chance to maintain or increase their ownership, avoid dilution, and potentially buy shares at a set price before the wider market can.
Subscription Price financial
"The subscription price per common share was $12.15 (the "Subscription Price")"
Subscription price is the set amount an investor pays to buy newly issued shares, bonds or units when a company offers them directly, such as in a rights issue or subscription offering. It matters because it determines how much an investor’s ownership cost will be, affects potential gains or losses and influences dilution of existing shareholders—think of it as a pre-order price that helps decide whether joining the new issue is worthwhile.
Record Date financial
"shareholders as of the June 18, 2026 record date (the "Record Date") each received"
The record date is the specific day when a company determines which shareholders are eligible to receive a dividend or participate in an upcoming vote. It’s like a cutoff date; if you own the stock on that day, you get the benefits or voting rights. This date matters because it decides who qualifies for certain company benefits.
Expiration Date financial
"subscription period on July 15, 2026 (the "Expiration Date"). The Rights expired"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Cohen & Steers Quality Income Realty Fund (RQI) director Michael G Clark do in this insider transaction?
Michael G Clark acquired 2,590 RQI common shares on July 15, 2026 at $12.15 per share. The shares were obtained through participation in a pro rata Rights Offering available to existing shareholders of Cohen & Steers Quality Income Realty Fund Inc.
What were the key terms of the RQI Rights Offering referenced in this insider trade?
The Rights Offering granted shareholders of record on June 18, 2026 one Right per whole share, allowing purchase of one new share for every three Rights at $12.15 per share. Rights were transferable and expired at the close of business on July 15, 2026.
Who was eligible to participate in the Cohen & Steers Quality Income Realty Fund (RQI) Rights Offering?
Shareholders of RQI as of the June 18, 2026 Record Date were eligible. Each received one transferable Right per whole common share held, which could be used, alone or with oversubscription privileges, to buy additional fund shares at the fixed subscription price.