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Barron’s:

Best Income Investments for 2019

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Cohen & Steers Quality Income Realty Fund

 

Total Returns December 31, 2018

Period

RQI Mkt Price

RQI NAV

FTSE Nareit Equity REIT Index

S&P 500 Index

QTD

-13.59%

-7.88%

-6.73%

-13.52%

1 Year

-11.11%%

-6.32%

-4.62%

-4.38%

3 Year

2.24%

3.81%

2.89%

9.26%

5 Year

9.85%

10.27%

7.90%

8.50%

10 Year

19.45%

16.83%

12.12%

13.12%

Since Inception (2/8/02)

7.92%

8.92%

9.46%

7.12%

Performance data quoted represents past performance. Past performance is no guarantee of future results. The rate of return will vary and the principal value of an investment will fluctuate and shares, if sold, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Returns are historical and include change in share price and reinvestment of all distributions. An investor cannot invest directly in an index and index performance does not reflect the deduction of any fees, expenses or taxes. Month-end performance information can be obtained by visiting our website at cohenandsteers.com.

Performance results reflect the effects of leverage, which can positively impact performance in an up market and negatively impact performance in a down market.

The investment manager waived a portion of its management fees during certain periods shown above. Absent such waivers, NAV returns would have been lower.

Periods greater than 12 months are annualized. Returns are historical and include change in share price and reinvestment of all distributions.

The FTSE Nareit Equity REIT Index is an unmanaged, market-capitalization-weighted index of all publicly traded U.S. REITs that invest predominantly in the equity ownership of real estate, not including timber and infrastructure. The index is designed to reflect the performance of all publicly traded equity REITs as a whole.

The S&P 500 Index is an unmanaged index of 500 large-cap stocks that is frequently used as a general measure of stock market performance. It includes 500 large-cap stocks, which together represent about 75% of the total U.S. equities market. To be eligible for addition to the S&P 500, companies must have a market capitalization of at least US$ 4 billion.

Distribution Rate:  9.27%

SEC Yield:  2.85%

At December 31, 2018

For information on the distribution yield of this fund, click here.

NOT FDIC INSURED • MAY LOSE VALUE • NO BANK GUARANTEE

Leverage represented as a percentage of the Fund’s managed assets as of the most recent month end. Leverage is created whenever a closed-end fund has investment exposure in excess of its net assets. The use of leverage is speculative and there are special risks and costs associated with leverage. The use of leverage increases the volatility of the Fund's net asset value in both up and down markets. The Fund seeks to enhance its dividend yield through leverage but there is no guarantee that the Fund's leverage strategy will be successful.

Expense ratios as disclosed in the Fund’s most recent semi-annual report to stockholders dated June 30, 2018. Expense ratios are net of waivers and/or reimbursements.

Portfolio holdings are subject to change without notice. The mention of specific securities is not a recommendation or solicitation to buy, sell or hold any particular security.

Distribution Rate is calculated dividing the last distribution paid per share (annualized) by the market price. Note that the number of income distributions is based on the fund’s distribution payment frequency (i.e. monthly or quarterly). A fund may pay distributions in excess of its net investment company taxable income and, to the extent this occurs, the distribution yield quoted will include a return of capital. The estimated return of capital for each distribution is also available on the website by clicking on the Distributions tab on each fund’s landing page.

SEC yield is calculated by dividing annualized net investment income per share during a 30-day period by the maximum offering price per share as of the close of that period. SEC yield reflects the rate at which the fund is earning income on its current portfolio of securities. Since certain distributions received by the funds from real estate investment trusts (REITs) may consist of dividend income, return of capital and capital gains, and the character of these distributions cannot be determined until after the end of the year, the SEC yield has been adjusted for the funds that invest significantly in REITs based on estimates of return of capital and capital gains.

Click here for the Cohen & Steers Quality Income Realty Fund factsheet

Please see important disclosures and risks below.

By clicking on the link above you will be leaving the Cohen & Steers website. Please note that we are providing the link to this third party website only as a convenience and the inclusion of a link to the linked site does not imply any endorsement, approval, investigation, verification or monitoring by us of any content or information contained within or accessible from the linked site. We do not control the accuracy, completeness, timeliness or appropriateness of the content or information on the linked site and you will be subject to its terms of use and privacy policies, over which we have no control. In no event will we be responsible for any information or content within the linked site or your use of the linked site. By continuing to the linked site you agree to the foregoing.

This article is for informational purposes and reflects prevailing conditions and our judgment as of the date of this material, which are subject to change. This material should not be relied upon as investment advice, does not constitute a recommendation to buy or sell a security or other investment and is not intended to predict or depict performance of any investment. This material is not being provided in a fiduciary capacity and is not intended to recommend any investment policy or investment strategy or take into account the specific objectives or circumstances of any investor. We consider the information in this article to be accurate, but we do not represent that it is complete or should be relied upon as the sole source of suitability for investment. Please consult with your investment, tax or legal adviser regarding your individual circumstances prior to investing.

Risks of Investing in Real Estate Securities.  Risks of investing in real estate securities are similar to those associated with direct investments in real estate, including falling property values due to increasing vacancies or declining rents resulting from economic, legal, political or technological developments, lack of liquidity, limited diversification and sensitivity to certain economic factors such as interest rate changes and market recessions. Foreign securities involve special risks, including currency fluctuations, lower liquidity, political and economic uncertainties, and differences in accounting standards. Some international securities may represent small- and medium-sized companies, which may be more susceptible to price volatility and less liquidity than larger companies. No representation or warranty is made as to the efficacy of any particular strategy or fund or the actual returns that may be achieved.

Risks of Investing in Closed-End Funds.  Risks associated with investing in closed-end funds generally include market risk, leverage risk, risk of anti-takeover provisions and non-diversification. In addition, shares of many closed-end funds frequently trade at a discount from their net asset value.

Investors should consider the investment objectives, risks, charges and expenses 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 also be found on the Securities and Exchange Commission’s EDGAR Database. You should read these reports and other filings carefully before investing.

Cohen & Steers Capital Management, Inc. (Cohen & Steers) is a registered investment advisory firm that provides investment management services to corporate retirement, public and union retirement plans, endowments, foundations and mutual funds.

Cohen & Steers UK Limited is authorized and regulated by the Financial Conduct Authority (FRN 458459).

Cohen & Steers Japan, LLC, is a registered financial instruments operator (investment advisory and agency business with the Financial Services Agency of Japan and the Kanto Local Finance Bureau No. 2857) and is a member of the Japan Investment Advisers Association.

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Cohen & Steers is a global investment manager specializing in liquid real assets, including real estate securities, listed infrastructure, commodities and natural resource equities, as well as preferred securities and other income solutions.

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By choosing this option, you acknowledge that you will be shown information on Cohen & Steers funds offered outside the United States. The information is intended only for use by institutional and professional investors outside the United States and their advisors. This information is not intended for retail investors in jurisdictions in which these funds are not authorized for distribution or in which the dissemination of information regarding the funds is not permitted.

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