Cohen & Steers Quality Income Realty Fund Reports Distribution Sources for Shareholders
On May 22, 2025, Cohen & Steers Quality Income Realty Fund, Inc. (NYSE: RQI) shared an important announcement that would soon affect its shareholders. The fund revealed the sources from which its distributions, scheduled for payment on May 30, 2025, will be drawn. This release not only outlines the anticipated distributions but also aggregates the cumulative distributions for the fiscal year to date.
The fund initiated a managed distribution policy back in December 2012. This approach was granted due to specific exemptive relief provided by the Securities and Exchange Commission. The primary aim of this policy is to enable the fund to maximize its long-term total return by providing consistent monthly distributions at a fixed rate for each common share. By adopting this system, Cohen & Steers enhances its flexibility, allowing for long-term capital gains to be realized throughout the year. These gains are then distributed monthly to shareholders. It's worth noting that the Board of Directors retains the authority to amend, terminate, or suspend this managed distribution policy at their discretion, which could potentially impact the market price of the fund's shares.
In terms of the composition of these distributions, they may include various components: long-term and short-term capital gains, net investment income, and return of capital. The return of capital, in particular, refers to distributions that exceed the fund’s net investment income and net realized capital gains. Such distributions arise from the fund's assets, and importantly, they are not subject to taxation; rather, they reduce the tax basis of the shareholder’s investment in the fund.
Additionally, dividends from the fund’s investments in real estate investment trusts (REITs) can also be classified as capital gains or return of capital, based on how these dividends are reported by the REITs in their year-end documentation. The precise amounts of the monthly distributions are subject to fluctuation based on various factors, particularly the portfolio performance and changing market conditions.
For each monthly distribution, the fund will post relevant information on their official website, cohenandsteers.com, and additionally send out notices via mail to shareholders. However, shareholders should recognize that the final tax characteristics associated with these distributions may shift after the year's end, as the final tax implications can only be assessed post-fiscal year.
To get a clearer picture, the fund provided distribution estimates for May 2025 alongside year-to-date figures. The data is broken down as follows:
Current Distribution for May 2025
Total as of May 31, 2025
It's essential for investors to refrain from drawing definitive conclusions regarding the fund's investment performance solely based on the distribution amounts or the managed distribution policy's terms. The figures and sources presented in the notice are merely estimates and may evolve over time, with actual amounts determined by the fund's performance in the second half of its fiscal year. These amounts may also necessitate adjustments subject to evolving tax regulations.
In terms of performance metrics, the fund's year-to-date cumulative total return—from January 1, 2025, to April 30, 2025—was recorded at 2.61%. The cumulative distribution rate, correlated with the dollar value of distributions relative to the fund's net asset value (NAV), for the same period was 3.12%. Furthermore, over the five-year horizon ending April 30, 2025, the average annual total return stood impressive at 10.80%, against a current annualized distribution rate of 7.48%.
Before making any investment decisions, shareholders are urged to diligently review the investment objectives, risks, charges, and expenses associated with the fund. For detailed insights, periodic reports, and regulatory filings, they should consider visiting the fund's website or consulting with their financial advisor. These resources fulfill a critical role in facilitating informed investment choices. Furthermore, shareholders should rely on Form 1099-DIV for accurate reporting of fund distributions during tax season.
Founded in 1986, Cohen & Steers has solidified its standing as a prominent global investment manager, focusing on real assets and alternative income streams. With an operational headquarters in New York City and additional offices scattered across major financial hubs worldwide, including London, Dublin, and Tokyo, the firm exemplifies commitment to delivering value to its clients through a diverse range of investment strategies.
The fund initiated a managed distribution policy back in December 2012. This approach was granted due to specific exemptive relief provided by the Securities and Exchange Commission. The primary aim of this policy is to enable the fund to maximize its long-term total return by providing consistent monthly distributions at a fixed rate for each common share. By adopting this system, Cohen & Steers enhances its flexibility, allowing for long-term capital gains to be realized throughout the year. These gains are then distributed monthly to shareholders. It's worth noting that the Board of Directors retains the authority to amend, terminate, or suspend this managed distribution policy at their discretion, which could potentially impact the market price of the fund's shares.
In terms of the composition of these distributions, they may include various components: long-term and short-term capital gains, net investment income, and return of capital. The return of capital, in particular, refers to distributions that exceed the fund’s net investment income and net realized capital gains. Such distributions arise from the fund's assets, and importantly, they are not subject to taxation; rather, they reduce the tax basis of the shareholder’s investment in the fund.
Additionally, dividends from the fund’s investments in real estate investment trusts (REITs) can also be classified as capital gains or return of capital, based on how these dividends are reported by the REITs in their year-end documentation. The precise amounts of the monthly distributions are subject to fluctuation based on various factors, particularly the portfolio performance and changing market conditions.
For each monthly distribution, the fund will post relevant information on their official website, cohenandsteers.com, and additionally send out notices via mail to shareholders. However, shareholders should recognize that the final tax characteristics associated with these distributions may shift after the year's end, as the final tax implications can only be assessed post-fiscal year.
To get a clearer picture, the fund provided distribution estimates for May 2025 alongside year-to-date figures. The data is broken down as follows:
Distribution Estimates
Current Distribution for May 2025
- - Net Investment Income: $0.0085 (10.63%)
- - Net Realized Short-Term Capital Gains: $0.0715 (89.37%)
- - Net Realized Long-Term Capital Gains: $0.0000 (0.00%)
- - Return of Capital: $0.0000 (0.00%)
- - Total Current Distribution: $0.0800 (100.00%)
Year-to-Date Total
Total as of May 31, 2025
- - Net Investment Income: $0.0085 (2.13%)
- - Net Realized Short-Term Capital Gains: $0.1659 (41.47%)
- - Net Realized Long-Term Capital Gains: $0.2256 (56.40%)
- - Return of Capital: $0.0000 (0.00%)
- - Cumulative Distribution: $0.4000 (100.00%)
It's essential for investors to refrain from drawing definitive conclusions regarding the fund's investment performance solely based on the distribution amounts or the managed distribution policy's terms. The figures and sources presented in the notice are merely estimates and may evolve over time, with actual amounts determined by the fund's performance in the second half of its fiscal year. These amounts may also necessitate adjustments subject to evolving tax regulations.
In terms of performance metrics, the fund's year-to-date cumulative total return—from January 1, 2025, to April 30, 2025—was recorded at 2.61%. The cumulative distribution rate, correlated with the dollar value of distributions relative to the fund's net asset value (NAV), for the same period was 3.12%. Furthermore, over the five-year horizon ending April 30, 2025, the average annual total return stood impressive at 10.80%, against a current annualized distribution rate of 7.48%.
Before making any investment decisions, shareholders are urged to diligently review the investment objectives, risks, charges, and expenses associated with the fund. For detailed insights, periodic reports, and regulatory filings, they should consider visiting the fund's website or consulting with their financial advisor. These resources fulfill a critical role in facilitating informed investment choices. Furthermore, shareholders should rely on Form 1099-DIV for accurate reporting of fund distributions during tax season.
Founded in 1986, Cohen & Steers has solidified its standing as a prominent global investment manager, focusing on real assets and alternative income streams. With an operational headquarters in New York City and additional offices scattered across major financial hubs worldwide, including London, Dublin, and Tokyo, the firm exemplifies commitment to delivering value to its clients through a diverse range of investment strategies.
Topics Financial Services & Investing）
【About Using Articles】
You can freely use the title and article content by linking to the page where the article is posted.
※ Images cannot be used.
【About Links】
Links are free to use.