Cohen & Steers Quality Income Realty Fund (RQI) director adds 7,243 shares
Rhea-AI Filing Summary
COHEN & STEERS QUALITY INCOME REALTY FUND INC director Adam M. Derechin acquired 7,243 common shares at $12.15 per share on July 15, 2026 through a pro rata transferable rights offering. Following this purchase, he directly owns 27,839.243 common shares.
The rights offering gave shareholders of record on June 18, 2026 one Right per whole common share, entitling holders to purchase one new common share for every three Rights at the fixed subscription price of $12.15, with an oversubscription privilege, expiring July 15, 2026.
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Insider Trade Summary
Net Buyer: 7,243 shares
Net Buy
1 txn
Insider
DERECHIN ADAM M
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 7,243 | $12.15 | $88K |
Holdings After Transaction:
Common Stock — 27,839.243 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: 7,243 shares
Subscription price: $12.15 per share
Shares owned after transaction: 27,839.243 shares
+3 more
6 metrics
Shares acquired
7,243 shares
Common Stock acquired on July 15, 2026 via rights offering
Subscription price
$12.15 per share
Price per common share in the rights offering
Shares owned after transaction
27,839.243 shares
Direct Common Stock holdings following acquisition
Rights conversion ratio
1 share for every 3 Rights
Each three Rights entitled the holder to purchase one new common share
Record date
June 18, 2026
Date shareholders had to hold common shares to receive Rights
Rights expiration date
July 15, 2026
Expiration of subscription period and Rights offering
Key Terms
pro rata offering, transferable rights, oversubscription privilege, subscription price, +1 more
5 terms
pro rata offering financial
"Purchased pursuant to a pro rata offering (the \"Rights Offering\") of transferable rights"
transferable rights financial
"a pro rata offering (the \"Rights Offering\") of transferable rights (the \"Rights\")"
Transferable rights are tradable entitlements given to holders—often shareholders—that allow them to buy new shares, receive benefits, or participate in corporate actions, and can be sold or assigned to someone else. For investors they matter because they create a liquid way to capture value or avoid dilution: you can keep and use the right to maintain ownership, or sell it like a coupon to someone else, which affects potential share count, ownership percentage, and the company’s fundraising outcome.
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 regulatory
"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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did RQI report for Adam M. Derechin?
Adam M. Derechin reported acquiring 7,243 RQI common shares at $12.15 per share on July 15, 2026 through a rights offering. After this transaction, he directly owns 27,839.243 common shares of Cohen & Steers Quality Income Realty Fund Inc.
What was the subscription price in RQI's rights offering?
The subscription price in RQI's rights offering was $12.15 per common share. This price was fixed as of the close of the subscription period on July 15, 2026 and applied to both basic subscriptions and any available oversubscription purchases.
What was the record date for the RQI rights offering and what did it determine?
The record date was June 18, 2026, determining which shareholders received rights. Shareholders holding whole common shares on that date received one transferable Right per share, which could then be used to subscribe for new common shares in the rights offering.
Did RQI's rights offering include an oversubscription privilege?
Yes. The rights offering included an oversubscription privilege allowing shareholders of record who fully exercised their Rights to request additional common shares at $12.15 per share, subject to availability. This feature applied only after basic Rights subscriptions were fully exercised.