4Filed Jul 16, 8:00 PM ET
Cohen & Steers (RQI) Director Michael G. Clark Acquires 2,590 Shares
$RQI · COHEN & STEERS QUALITY INCOME REALTY FUND INCResearch Summary
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Cohen & Steers (RQI) Director Michael G. Clark Acquires 2,590 Shares
What Happened
Michael G. Clark, a director of Cohen & Steers Quality Income Realty Fund, acquired 2,590 common shares on July 15, 2026 at $12.15 per share, for a total reported cost of $31,469. The shares were obtained pursuant to the fund’s pro rata rights offering (reported on a Form 4 filed July 17, 2026). This was a purchase (an acquisition), which investors often view as more informative than routine sales.
Key Details
- Transaction date and price: July 15, 2026 — 2,590 shares at $12.15 each (total $31,469).
- Filing: Form 4 filed July 17, 2026 (accession 0001193125-26-307132) — filed within the standard two-business-day reporting window.
- Shares owned after transaction: Not specified in the provided excerpt.
- Footnote: Shares were purchased pursuant to a pro rata transferable rights offering. Record date was June 18, 2026; holders received one Right per whole share and could subscribe to one new share for every three Rights at the $12.15 subscription price. An oversubscription privilege existed; rights expired at close on July 15, 2026.
Context
- Rights offerings let existing shareholders buy new shares at a set price to avoid dilution; acquiring via a rights offering can be a routine way for insiders to maintain their proportional stake rather than an unsolicited market buy.
- No options were exercised, no shares were sold, and no tax-withholding or 10b5-1 plan is indicated in the provided data.