Cohen & Steers Quality Income (NYSE: RQI) director acquires 22,041 shares
Rhea-AI Filing Summary
Harvey Joseph M, a director of Cohen & Steers Quality Income Realty Fund Inc, acquired 22,041 common shares on July 15, 2026 at $12.15 per share through a shareholder Rights Offering, raising his direct holdings to 44,082.65 shares. The Rights Offering allowed June 18, 2026 record holders to buy one new share for every three Rights held, with an oversubscription privilege at the same Subscription Price.
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Insider Trade Summary
Net Buyer: 22,041 shares
Net Buy
1 txn
Insider
Harvey Joseph M
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 22,041 | $12.15 | $268K |
Holdings After Transaction:
Common Stock — 44,082.65 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: 22,041 shares
Subscription Price: $12.15 per share
Post-transaction holdings: 44,082.65 shares
+3 more
6 metrics
Shares acquired
22,041 shares
Non-derivative common stock acquired on July 15, 2026 via Rights Offering
Subscription Price
$12.15 per share
Fixed as of close of the subscription period on July 15, 2026
Post-transaction holdings
44,082.65 shares
Total direct common shares held by Harvey Joseph M after the acquisition
Record Date for Rights Offering
June 18, 2026
Shareholders of record received one Right per whole common share on this date
Expiration Date
July 15, 2026
Subscription period for the Rights Offering ended and Rights expired on this date
Rights exercise ratio
1 new share per 3 Rights
Each holder could purchase one new common share for every three Rights held
Key Terms
Rights Offering, oversubscription privilege, Subscription Price, Record Date, +1 more
5 terms
Rights Offering financial
"Purchased pursuant to a pro rata offering called a 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 for additional common shares"
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, defined as 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
"The Fund's shareholders as of the June 18, 2026 Record Date each received one Right"
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
"The Rights expired at close of business on the July 15, 2026 Expiration Date"
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 insider transaction did Harvey Joseph M report for RQI?
He reported acquiring 22,041 common shares of RQI on July 15, 2026 at $12.15 per share through a shareholder Rights Offering. This increased his direct holdings in Cohen & Steers Quality Income Realty Fund Inc to 44,082.65 shares following the subscription period's expiration.
What were the key dates for the RQI Rights Offering?
The Record Date was June 18, 2026, when RQI shareholders received one Right per common share. The subscription period ended on July 15, 2026, the Expiration Date, when the Subscription Price of $12.15 per share was fixed and the Rights expired.