Junkans Dean 4
Research Summary
AI-generated summary
Cohen & Steers (RQI) Director Dean Junkans Buys 1,885 Shares
What Happened
- Director Dean Junkans acquired 1,885 common shares of Cohen & Steers Quality Income Realty Fund, Inc. (RQI) on July 15, 2026. The shares were purchased at a subscription price of $12.15 per share for a total cost of $22,903. This was an acquisition (purchase) executed through the fund's rights offering.
Key Details
- Transaction date and price: July 15, 2026 — 1,885 shares at $12.15 each.
- Total value: $22,903.
- Shares owned after transaction: Not specified in the Form 4 filing.
- Footnote: Shares were purchased pursuant to a pro rata transferable Rights Offering (one Right per whole share held as of the June 18, 2026 record date; three Rights required to buy one new share). The subscription price was fixed at $12.15 and Rights expired at close on July 15, 2026; an oversubscription privilege was available.
- Filing timeliness: Form 4 filed July 17, 2026 — appears timely (filed within the SEC’s two-business-day reporting window).
Context
- This purchase was made via a rights offering, which lets existing shareholders buy new shares pro rata (often used to maintain ownership percentage). Such subscription purchases can be routine and may not, by themselves, indicate a change in insider sentiment.