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Cohen & Steers Quality Income R Message Board

  • michan59 michan59 Nov 13, 2009 10:50 AM Flag

    What's With This Special Stockholders Meeting!

    Looks Like Cohens and Steers is proposing to merge several of their Realty Funds in with RQI.

    Any ideas how this may effect RQI, and it's stock price, going forward?

    Appears that Meeting has been once delayed/rescheduled...possibly due to not enough votes For their Proposal.

    Thanks!

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    • I don't think it will affect the price of RQI. As I understand it, RLF, RPF, and RWF will be factored in @ NAV and more RQI shares will be issued. This should improve the liquidity of RQI, but you can't be sure. What this really does is let Cohen & Steers re-set their closed end fund suite - they're starting over. The affected funds have been run into the ground, so they are going to start over. The alternative is for holders to vote no, or don't vote, so that RLF et al don't go away, and insist that Cohen & Steers focus on their REIT funds and fix 'em. I don't know how it's going to work out.

 
RQI
10.56+0.30(+2.92%)Feb 12 4:02 PMEST