# EDGAR Filing Document

**Accession Number:** 0001157842
**File Stem:** 0001193125-26-275000
**Filing Date:** 2026-6
**Character Count:** 292610
**Document Hash:** d68e1748e74889b941a9f109e53bb090
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-275000.hdr.sgml**: 20260618

**ACCESSION NUMBER**: 0001193125-26-275000

**CONFORMED SUBMISSION TYPE**: POS EX

**PUBLIC DOCUMENT COUNT**: 19

**FILED AS OF DATE**: 20260618

**DATE AS OF CHANGE**: 20260618

**EFFECTIVENESS DATE**: 20260618

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** COHEN & STEERS QUALITY INCOME REALTY FUND INC
- **CENTRAL INDEX KEY:** 0001157842

**ORGANIZATION NAME:**
- **EIN:** 134189110
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** POS EX
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-296589
- **FILM NUMBER:** 261100476

**BUSINESS ADDRESS:**
- **STREET 1:** 1166 AVENUE OF THE AMERICAS
- **STREET 2:** 30TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** 212-832-3232

**MAIL ADDRESS:**
- **STREET 1:** 1166 AVENUE OF THE AMERICAS
- **STREET 2:** 30TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** COHEN & STEERS INCOME REALTY FUND INC
- **DATE OF NAME CHANGE:** 20010821

?xml version='1.0' encoding='ASCII'? POS EX

#### As filed with the Securities and Exchange Commission on June 18, 2026

#### Securities Act File No. 333-296589

#### Investment Company Act File No. 811-10481

### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION

### Washington, DC 20549

### Form N-2

#### (Check Appropriate Box or Boxes)
☒ REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

☐ Pre-Effective Amendment No.

☒ Post-Effective Amendment No. 1

#### and/or
☒ REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940

☒ Amendment No. 19

### COHEN & STEERS

### QUALITY INCOME REALTY FUND, INC.

#### (Exact name of Registrant as specified in Charter)

#### 1166 Avenue of the Americas

#### New York, New York 10036

#### (Address of Principal Executive Offices)

#### Registrant's Telephone Number, including Area Code: 212-832-3232

#### Dana A. DeVivo

#### Cohen & Steers Capital Management, Inc.

#### 1166 Avenue of the Americas

#### New York, New York 10036

#### (Name and Address of Agent for Service)

#### Copies to:

#### Kenneth E. Burdon, Esq.

#### Simpson Thacher & Bartlett LLP

#### 855 Boylston Street

#### Boston, Massachusetts 02116
(617) 778-9001

------

Approximate Date of Commencement of Proposed Public Offering: From time to time after the effective date of this Registration Statement.

☐ Check box if the only securities being registered on this Form are being offered pursuant to dividend or interest reinvestment plans.

☒ Check box if any securities being registered on this Form will be offered on a delayed or continuous basis in reliance on Rule 415 under the Securities Act of 1933 ("Securities Act"), other than securities offered in connection with a dividend reinvestment plan.

☒ Check box if this Form is a registration statement pursuant to General Instruction A.2 or a post-effective amendment thereto.

☒ Check box if this Form is a registration statement pursuant to General Instruction B or a post-effective amendment thereto that will become effective upon filing with the Securities and Exchange Commission pursuant to Rule 462(e) under the Securities Act.

☐ Check box if this Form is a post-effective amendment to a registration statement filed pursuant to General Instruction B to register additional securities or additional classes of securities pursuant to Rule 413(b) under the Securities Act. 

It is proposed that this filing will become effective (check appropriate box):

☐ when declared effective pursuant to section 8(c) of the Securities Act

If appropriate, check the following box:

☐ This [post-effective] amendment designates a new effective date for a previously filed [post-effective amendment] [registration statement].

☐ This Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, and the Securities Act registration statement number of the earlier effective registration statement for the same offering is: .

☐ This Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, and the Securities Act registration statement number of the earlier effective registration statement for the same offering is: .

☒ This Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, and the Securities Act registration statement number of the earlier effective registration statement for the same offering is: 333-296589.

Check each box that appropriately characterizes the Registrant:

☒ Registered Closed-End Fund (closed-end company that is registered under the Investment Company Act of 1940 (the "Investment Company Act")).

☐ Business Development Company (closed-end company that intends or has elected to be regulated as a business development company under the Investment Company Act.

☐ Interval Fund (Registered Closed-End Fund or a Business Development Company that makes periodic repurchase offers under Rule 23c-3 under the Investment Company Act).

☒ A.2 Qualified (qualified to register securities pursuant to General Instruction A.2 of this Form).

☒ Well-Known Seasoned Issuer (as defined by Rule 405 under the Securities Act).

☐ Emerging Growth Company (as defined by Rule 12b-2 under the Securities and Exchange Act of 1934).

☐ If an Emerging Growth Company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act.

☐ New Registrant (registered or regulated under the Investment Company Act for less than 12 calendar months preceding this filing).

#### EXPLANATORY NOTE
This Post-Effective Amendment No. 1 to the Registration Statement on Form N-2 (File Nos. 333-296589 and 811-10481) of Cohen & Steers Quality Income Realty Fund, Inc. (the "Registration Statement") is being filed pursuant to Rule 462(d) under the Securities Act of 1933, as amended (the "Securities Act"), solely for the purpose of filing exhibits to the Registration Statement. Accordingly, this Post-Effective Amendment No. 1 consists only of a facing page, this explanatory note and Part C of the Registration Statement on Form N-2 setting forth the exhibits to the Registration Statement. This Post-Effective Amendment No. 1 does not modify any other part of the Registration Statement. Pursuant to Rule 462(d) under the Securities Act, this Post-Effective Amendment No. 1 shall become effective immediately upon filing with the Securities and Exchange Commission. The contents of the Registration Statement are hereby incorporated by reference.

------

#### PART C – OTHER INFORMATION

#### Item 25. Financial Statements and Exhibits
(1) Financial Statements

#### Part A
The audited financial statements included in the annual report to the Fund's stockholders for the fiscal year ended [December 31, 2025](http://www.sec.gov/Archives/edgar/data/1157842/000119312526096874/d139100dncsr.htm) (the "2025 Annual Report"), together with the report of PricewaterhouseCoopers LLP thereon, are incorporated by reference to the 2025 Annual Report in Part A.

The Financial Highlights included in the annual report to the Fund's stockholders for the fiscal year ended [December 31, 2020](http://www.sec.gov/Archives/edgar/data/1157842/000119312521073449/d854119dncsr.htm) (the "2020 Annual Report"), are incorporated by reference to the 2020 Annual Report in Part A.

#### Part B
None.

---

| | |
|:---|:---|
| (2) Exhibits | (2) Exhibits |
| (a)(1) | [Registrant's Articles of Incorporation](http://www.sec.gov/Archives/edgar/data/1157842/000119312509141872/dex991a.htm) <sup>(1)</sup> |
| (2) | [Articles of Amendment, dated January 15, 2002](http://www.sec.gov/Archives/edgar/data/1157842/000095011702000088/ex99-2a.txt) <sup>(2)</sup> |
| (3) | [Articles of Merger, dated December 18, 2009](http://www.sec.gov/Archives/edgar/data/1157842/000115784210000002/rqi77q1gii.txt) <sup>(3)</sup> |
| (b) | [Amended & Restated Bylaws](http://www.sec.gov/Archives/edgar/data/1157842/000119312523075494/d305182dex9932.htm) <sup>(8)</sup> |
| (c) | Not applicable |
| (d)(1) | [Specimen Stock Certificate](http://www.sec.gov/Archives/edgar/data/1157842/000095011702000088/ex99-2d.txt) <sup>(2)</sup> |
| (2) | [Form of Subscription Certificate for Common Shares\*](d110923dex99d2.htm) |
| (3) | [Form of Notice of Guaranteed Delivery\*](d110923dex99d3.htm) |
| (e) | [Dividend Reinvestment Plan](http://www.sec.gov/Archives/edgar/data/1157842/000095011702000088/ex99-2e.txt) <sup>(2)</sup> |
| (f) | Not applicable |
| (g)(1) | [Form of Investment Management Agreement](http://www.sec.gov/Archives/edgar/data/1157842/000095011702000088/ex99-2gi.txt) <sup>(2)</sup> |
| (2) | [Form of Fee Waiver Agreement](http://www.sec.gov/Archives/edgar/data/1157842/000095011702000088/ex99-2gii.txt) <sup>(2)</sup> |
| (h) | [Form of Dealer Manager Agreement\*](d110923dex99h.htm) |
| (i) | Not applicable |
| (j)(1) | [Form of Master Custodian Agreement](http://www.sec.gov/Archives/edgar/data/1157842/000095011702000088/ex99-2j.txt) <sup>(2)</sup> |
| (2) | [Custodian Agreement Side Letter](http://www.sec.gov/Archives/edgar/data/1157842/000119312520009584/d873928dex99j1b.htm) <sup>(6)</sup> |
| (k)(1)(a) | [Form of Transfer Agency and Service Agreement](http://www.sec.gov/Archives/edgar/data/891290/000119312513486123/d648044dex9913a.htm) <sup>(4)</sup> |
| (b) | [First Amendment to the Transfer Agency and Service Agreement](http://www.sec.gov/Archives/edgar/data/1157842/000119312520009584/d873928dex99k1b.htm) <sup>(6)</sup> |

---

------

---

| | |
|:---|:---|
| (c) | [Second Amendment to the Transfer Agency and Service Agreement](http://www.sec.gov/Archives/edgar/data/1157842/000119312520009584/d873928dex99k1c.htm)<sup>(6)</sup> |
| (d) | [Third Amendment to the Transfer Agency and Service Agreement](http://www.sec.gov/Archives/edgar/data/1157842/000119312520009584/d873928dex99k1d.htm) <sup>(6)</sup> |
| (2) | [Form of Amended and Restated Administration Agreement between the Registrant and the Advisor](http://www.sec.gov/Archives/edgar/data/1157842/000119312520009584/d873928dex99k2.htm) <sup>(6)</sup> |
| (3) | [Form of Administration Agreement between the Fund and State Street Bank and Trust Company](http://www.sec.gov/Archives/edgar/data/1157842/000095011702000088/ex99-2k3.txt) <sup>(2)</sup> |
| (4) | [Form of Subscription Agent Agreement\*](d110923dex99k4.htm) |
| (5) | [Form of Information Agent Agreement\*](d110923dex99k5.htm) |
| (6) | [Rule 12d1-4 Unit Investment Trust of Closed-End Funds Investment Agreement Between the Registrant and FT Series, Dated January 20, 2022.](http://www.sec.gov/Archives/edgar/data/1157842/000119312522287631/d403801dex99k6.htm)<sup>(7)</sup> |
| (7) | [Rule 12d1-4 Unit Investment Trust of Closed-End Funds Investment Agreement Between the Registrant and First Trust CEF Income Opportunity ETF, Dated January 21, 2022.](http://www.sec.gov/Archives/edgar/data/1157842/000119312522287631/d403801dex99k7.htm)<sup>(7)</sup> |
| (l)(1) | [Opinion and Consent of Venable LLP](http://www.sec.gov/Archives/edgar/data/1157842/000119312526261702/d62916dex99l.htm) <sup>(9)</sup> |
| (l)(2) | [Opinion and Consent of Venable LLP\*](d110923dex99l2.htm) |
| (m) | Not applicable |
| (n) | [Consent of Independent Registered Public Accounting Firm](http://www.sec.gov/Archives/edgar/data/1157842/000119312526261702/d62916dex99n.htm) <sup>(9)</sup> |
| (o) | Not applicable |
| (p) | Not applicable |
| (q) | Not applicable |
| (r) | [Code of Ethics of the Registrant and the Advisor](http://www.sec.gov/Archives/edgar/data/1484750/000119312526192104/d864613dex99p.htm) <sup>(5)</sup> |
| (s) | [Calculation of Filing Fee Tables](http://www.sec.gov/Archives/edgar/data/../../../ix?doc=/Archives/edgar/data/1157842/000119312526261702/d62916dexfilingfees.htm) <sup>(9)</sup> |
| (t) | [Powers of Attorney](http://www.sec.gov/Archives/edgar/data/1157842/000119312526261702/d62916dex99t.htm) <sup>(9)</sup> |

---

(1) [Incorporated by reference to the Registrant's Registration Statement on Form N-14 (File No. 333-160355), filed June 30, 2009.](http://www.sec.gov/Archives/edgar/data/1157842/000119312509141872/dn148c.htm)

(2) [Incorporated by reference to Pre-Effective Amendment No. 1 to the Registrant's Registration Statement on Form N-2 (File No. 333-68150), filed January 23, 2002.](http://www.sec.gov/Archives/edgar/data/1157842/000095011702000088/a31897.txt)

(3) [Incorporated by reference to the Registrant's Semi-Annual Report on Form N-SAR, filed March 1, 2010.](http://www.sec.gov/Archives/edgar/data/1157842/000115784210000002/0001157842-10-000002.txt)

(4) [Incorporated by reference to the Cohen & Steers Total Return Realty Fund, Inc.'s Registration Statement on Form N-14 filed December 27, 2013.](http://www.sec.gov/Archives/edgar/data/891290/000119312513486123/d648044dn148c.htm)

(5) [Incorporated by reference to the Cohen & Steers Preferred Securities and Income Fund, Inc.'s Post-Effective Amendment No. 30 to the Registration Statement on Form N-1A, filed April 29, 2026.](http://www.sec.gov/Archives/edgar/data/../../../ix?doc=/Archives/edgar/data/1484750/000119312526192104/d864613d485bpos.htm)

(6) [Incorporated by reference to Post-Effective Amendment No. 1 to the Registrant's Registration Statement on Form N-2, filed January 17, 2020.](http://www.sec.gov/Archives/edgar/data/1157842/000119312520009584/d873928dposex.htm)

(7) [Incorporated by reference to Post-Effective Amendment No. 4 to the Registrant's Registration Statement on Form N-2, filed November 17, 2022.](http://www.sec.gov/Archives/edgar/data/../../../ix?doc=/Archives/edgar/data/1157842/000119312522287631/d403801dposex.htm)

(8) [Incorporated by reference to the Registrant's Current Report on Form 8-K, filed March 21, 2023.](http://www.sec.gov/Archives/edgar/data/1157842/000119312523075494/d305182d8k.htm)

(9) [Incorporated by reference to the Registrant's Registration Statement on Form N-2, filed June 8, 2026.](http://www.sec.gov/Archives/edgar/data/../../../ix?doc=/Archives/edgar/data/1157842/000119312526261702/d62916dn2asr.htm)

\* Filed herewith.

------

#### Item 26. Marketing Arrangements
The information contained under the heading "Plan of Distribution" on page 70 of the Prospectus is incorporated by reference, and any information concerning any underwriters will be contained in the accompanying Prospectus Supplement, if any.

#### Item 27. Other Expenses of Issuance and Distribution
The following table sets forth the estimated expenses to be incurred in connection with the offering described in this Registration Statement:

---

| | |
|:---|:---|
|  <br> SEC Registration and Filing Fees | $92527 |
|  FINRA Fees | $101000 |
|  New York Stock Exchange Fees | $237000 |
|  Accounting Fees and Expenses | $53000 |
|  Legal Fees and Expenses | $625000 |
|  Printing/Mailing Expenses | $310000 |
|  Miscellaneous | $150000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | $1568527 \* |

---

\* The Fund's investment adviser expects to bear approximately $1,506,527 of these expenses.

#### Item 28. Persons Controlled by or Under Common Control with Registrant
None.

#### Item 29. Number of Holders of Securities as of May 29, 2026:

---

| | | |
|:---|:---|:---|
| **Class of Shares** | **Number of**<br>**Record Holders** | **Number of**<br>**Record Holders** |
|  Common Shares |  | 86 |

---

#### Item 30. Indemnification
The Maryland General Corporation law ("MGCL") permits a Maryland corporation to include a provision in its charter limiting the liability of its directors and officers to the corporation and its stockholders for money damages except for liability resulting from (a) actual receipt of an improper benefit in money, property or services or (b) active and deliberate dishonesty established by a final judgment as being material to the cause of action. The Registrant's charter includes a provision in Article NINTH eliminating the liability of its directors and officers to the maximum extent permitted by Maryland law.

It is the Registrant's policy to indemnify its directors, officers, employees and other agents to the maximum extent permitted by Section 2-418 of the MGCL as set forth in Article NINTH of the Registrant's By-Laws. The liability of the charter, and Article XIII of the Registrant's Bylaws. The liability of Cohen & Steers Capital Management, Inc., the Registrant's investment adviser (the "Advisor"), for any loss suffered by the Registrant or its stockholders is set forth in Section 4 of the Investment Management Agreement. The liability of Cohen & Steers Capital Management, Inc., the Registrant's administrator, for any loss suffered by the Registrant or its stockholders is set forth in Section 6 of the Administration Agreement.

------

Insofar as indemnification for liabilities under the Securities Act of 1933 may be permitted to the directors and officers, the Registrant has been advised that in the opinion of the Securities and Exchange Commission (the "Commission") such indemnification is against public policy as expressed in such Act and is therefore unenforceable. If a claim for indemnification against such liabilities under the Securities Act of 1933 (other than for expenses incurred in a successful defense) is asserted against the Registrant by the directors or officers in connection with the shares, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question of whether such indemnification by it is against public policy as expressed in such Act and will be governed by the final adjudication of such issue.

#### Item 31. Business and Other Connections of Investment Adviser
The Advisor, a limited liability company organized under the laws of the State of New York, acts as investment adviser to the Registrant. The Registrant is fulfilling the requirement of this Item 31 to provide a list of the officers and directors of the Advisor, together with information as to any other business, profession, vocation or employment of a substantial nature engaged in by the Advisor or those officers and directors during the past two years, by incorporating by reference the information contained in the Form ADV of the Advisor filed with the SEC pursuant to the 1940 Act (Commission File No. 801-27721).

#### Item 32. Location of Accounts and Records
The accounts and records of the Registrant are maintained in part at the office of the Advisor at 1166 Avenue of the Americas, New York, New York 10036, in part at the offices of the Fund's custodian and co-administrator, State Street Bank and Trust Company, One Congress Street, Suite 1, Boston, Massachusetts 02114-2016, and in part at the offices of the Fund's transfer agent, Computershare Trust Company, N.A., at 150 Royall Street Canton, MA 02021.

#### Item 33. Management Services
Not applicable.

#### Item 34. Undertakings
1. Not applicable.

2. Not applicable.

3. Registrant undertakes:

a. to file, during a period in which offers or sales are being made, a post-effective amendment to this Registration Statement:

(1) to include any prospectus required by Section 10(a)(3) of the Securities Act;

(2) to reflect in the prospectus any facts or events after the effective date of the registration statement (or the most recent post- effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than 20% change in the maximum aggregate offering price set forth in the "Calculation of Registration Fee" table in the effective registration statement.

------

(3) to include any material information with respect to the plan of distribution not previously disclosed in the Registration Statement or any material change to such information in the Registration Statement.

Provided, however, that paragraphs a(1), a(2), and a(3) of this section do not apply to the extent the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference into the registration statement, or is contained in a form of prospectus filed pursuant to Rule 424(b) that is part of the registration statement.

b. that for the purpose of determining any liability under the Securities Act, each post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof;

c. to remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering;

d. that, for the purpose of determining liability under the Securities Act to any purchaser:

(1) if the Registrant is subject to Rule 430B:

(A) Each prospectus filed by the Registrant pursuant to Rule 424(b)(3) shall be deemed to be part of the registration statement as of the date the filed prospectus was deemed part of and included in the registration statement; and

(B) Each prospectus required to be filed pursuant to Rule 424(b)(2), (b)(5), or (b)(7) as part of a registration statement in reliance on Rule 430B relating to an offering made pursuant to Rule 415(a)(1)(i), (x), or (xi) for the purpose of providing the information required by Section 10(a) of the Securities Act shall be deemed to be part of and included in the registration statement as of the earlier of the date such form of prospectus is first used after effectiveness or the date of the first contract of sale of securities in the offering described in the prospectus. As provided in Rule 430B, for liability purposes of the issuer and any person that is at that date an underwriter, such date shall be deemed to be a new effective date of the registration statement relating to the securities in the registration statement to which that prospectus relates, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. Provided, however, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such effective date, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such effective date; or

------

(2) if the Registrant is subject to Rule 430C: each prospectus filed pursuant to Rule 424(b) under the Securities Act as part of a registration statement relating to an offering, other than registration statements relying on Rule 430B or other than prospectuses filed in reliance on Rule 430A, shall be deemed to be part of and included in the registration statement as of the date it is first used after effectiveness. Provided, however, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such first use, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such date of first use.

e. that for the purpose of determining liability of the Registrant under the Securities Act to any purchaser in the initial distribution of securities:

The undersigned Registrant undertakes that in a primary offering of securities of the undersigned Registrant pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the undersigned Registrant will be a seller to the purchaser and will be considered to offer or sell such securities to the purchaser:

(1) any preliminary prospectus or prospectus of the undersigned Registrant relating to the offering required to be filed pursuant to Rule 424 under the Securities Act;

(2) free writing prospectus relating to the offering prepared by or on behalf of the undersigned Registrant or used or referred to by the undersigned Registrant;

(3) the portion of any other free writing prospectus or advertisement pursuant to Rule 482 under the Securities Act relating to the offering containing material information about the undersigned Registrant or its securities provided by or on behalf of the undersigned Registrant; and

(4) any other communication that is an offer in the offering made by the undersigned Registrant to the purchaser.

4. Not Applicable.

5. The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the Registrant's annual report pursuant to Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 that is incorporated by reference into the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

6. Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the SEC such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue

------

7. Registrant undertakes to send by first class mail or other means designed to ensure equally prompt delivery, within two business days of receipt of a written or oral request, any prospectus or Statement of Additional Information.

------

#### SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, and the Investment Company Act of 1940, as amended, the Registrant has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of New York, and State of New York, on the 18th day of June, 2026.

---

| | |
|:---|:---|
| COHEN & STEERS QUALITY INCOME<br> REALTY FUND, INC. | COHEN & STEERS QUALITY INCOME<br> REALTY FUND, INC. |
| By: | /s/ JAMES GIALLANZA |
|  | JAMES GIALLANZA, President and <br> Chief Executive Officer |

---

Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed below by the following persons in the capacities and on the date indicated.

---

| | | |
|:---|:---|:---|
| **SIGNATURE** | **TITLE** | **DATE** |
| /s/ JAMES GIALLANZA<br> **(JAMES GIALLANZA)** | President and Chief Executive Officer<br> (Principal Executive Officer) | June 18. 2026 |
| /s/ ALBERT LASKAJ<br> **(ALBERT LASKAJ)** | Chief Financial Officer<br> (Principal Financial Officer) | June 18. 2026 |
| \*<br>**(JOSEPH M. HARVEY)** | Chair and Director | June 18. 2026 |
| \*<br>**(ADAM M. DERECHIN)** | Director | June 18. 2026 |
| \*<br>**(MICHAEL G. CLARK)** | Director | June 18. 2026 |
| \*<br>**(GEORGE GROSSMAN)** | Director | June 18. 2026 |
| \*<br>**(DEAN A. JUNKANS)** | Director | June 18. 2026 |
| \*<br>**(GERALD J. MAGINNIS)** | Director | June 18. 2026 |
| \*<br>**(JANE F. MAGPIONG)** | Director | June 18. 2026 |
| \*<br>**(DAPHNE L. RICHARDS)** | Director | June 18. 2026 |
| \*<br>**(RAMONA ROGERS-WINDSOR)** | Director | June 18. 2026 |
| /s/ Dana A. DeVivo<br> **Dana A. DeVivo**<br> **ATTORNEY-IN-FACT** |  | June 18. 2026 |

---

------

#### Index of Exhibits

---

| | |
|:---|:---|
| (d)(2) | [Form of Subscription Certificate for Common Stock](d110923dex99d2.htm) |
| (d)(3) | [Form of Notice of Guaranteed Delivery](d110923dex99d3.htm) |
| (h) | [Form of Dealer Manager Agreement](d110923dex99h.htm) |
| (k)(4) | [Form of Subscription Agent Agreement](d110923dex99k4.htm) |
| (k)(5) | [Form of Information Agent Agreement](d110923dex99k5.htm) |
| (l)(2) | [Opinion and Consent of Venable LLP](d110923dex99l2.htm) |

---

## Ex-99.(D)(2)

**Ex. (d)(2)**![LOGO](g110923g0616084131874.jpg)

---

| | |
|:---|:---|
|  **Cohen & Steers Quality**<br> **Income Realty Fund,**<br> **Inc.** | Computershare Trust Company, N.A.<br> 150 Royall Street Suite V<br> Canton Massachusetts 02021<br> Information Agent: Georgeson LLC<br> Banks, Brokers and Shareholders call toll-free:<br> (888) 812-7762 |

---

**SUBSCRIPTION RIGHTS CERTIFICATE**

**VOID IF NOT RECEIVED BY THE SUBSCRIPTION AGENT BEFORE 5:00 PM** 

**EASTERN TIME ON JULY 15, 2026 (UNLESS EXTENDED) (THE "EXPIRATION DATE")** 

**COHEN & STEERS QUALITY INCOME REALTY FUND,** 

**INC. RIGHTS FOR SHARES OF COMMON STOCK** 

**(Complete appropriate section on reverse side of this form)** 

The registered holder (the "Holder") of this Subscription Certificate named below, or the assignee, is entitled to the number of transferable Rights shown above to purchase shares of common stock, par value $0.001 per share (the "Common Shares"), of Cohen & Steers Quality Income Realty Fund, Inc. (the "Fund"). Each Right entitles the Holder to purchase Common Shares (the "Subscription") at the ratio of one Common Share for each three Rights, pursuant to the primary subscription (the "Primary Subscription") and upon the terms and conditions and at the price (the "Subscription Price") for each Common Share, each as specified in the prospectus supplement, dated June 18, 2026, and the accompanying prospectus, dated June 8, 2026 relating thereto (collectively, the "Prospectus"). If you are a Record Date Shareholder (as defined in the Prospectus) and hold fewer than three Rights, you are entitled to subscribe for one Common Share. To subscribe for Common Shares the Holder must present to Computershare Trust Company, N.A. (the "Subscription Agent" or "Computershare"), prior to 5:00 p.m., Eastern time, on the Expiration Date, either: (a) a properly completed and executed Subscription Certificate and a wire transfer of funds or a personal check drawn on a bank located in the United States and payable to "Computershare" for an amount equal to the number of Common Shares subscribed for under the Primary Subscription (and, if such Holder is a Record Date Shareholder electing to exercise the Holder's over-subscription privilege (the "Over-Subscription Privilege"), pursuant to the terms of the Over-Subscription Privilege) multiplied by the estimated Subscription Price; or (b) a notice of guaranteed delivery (the "Notice of Guaranteed Delivery") guaranteeing delivery of a properly completed and executed Subscription Certificate.

Under the Over-Subscription Privilege, as described in the Prospectus, any number of additional Common Shares may be purchased by a Record Date Shareholder if such Common Shares are available and the Holder's Rights under the Primary Subscription have been fully exercised and the pro rata allocation requirements have been satisfied. Any additional payment required from a participating Holder must be received by the Subscription Agent by 5:00 p.m., Eastern time, on the Expiration Date. Any excess payment to be refunded by the Fund to a Record Date Shareholder who is not allocated the full amount of Common Shares subscribed for pursuant to the Over-Subscription Privilege will be returned to such Record Date Shareholder by mail by the Subscription Agent as promptly as practicable. A participating Holder will have no right to rescind a purchase after the Subscription Agent has received a properly completed and executed Subscription Certificate and payment by means of a personal check or wire transfer. The Rights in this Subscription Certificate may be transferred, in the same manner and with the same effect as in the case of a negotiable instrument payable to specific persons, by duly completing and signing the assignment on the reverse side hereof. Capitalized terms used but not defined in this Subscription Certificate shall have the meanings assigned to them in the Prospectus relating to the Rights. This Subscription Certificate shall be governed by and construed in accordance with the laws of the State of Maryland. To subscribe pursuant to the Primary Subscription, three Rights and the estimated Subscription Price, which is $12.18, are required for each Common Share, and to subscribe pursuant to the Over-Subscription Privilege, the estimated Subscription Price is required for each Common Share. Payment of $12.18 per Common Share must accompany the Subscription Certificate. See the reverse side for forms.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Holder ID** | **COY** | **Class** | **Rights Qty Issued** | **Rights Cert #** |

---

Signature of Owner and U.S. Person for Tax Certification &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Signature of Co-Owner (if more than one registered holder listed) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Date (mm/dd/yyyy) <br>       <u> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br> **PLEASE FILL IN ALL APPLICABLE INFORMATION.** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br> **PLEASE FILL IN ALL APPLICABLE INFORMATION.** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br> **PLEASE FILL IN ALL APPLICABLE INFORMATION.** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br> **PLEASE FILL IN ALL APPLICABLE INFORMATION.** |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. Subscription\* |  | ÷ 3 = | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> x | $12.18 | = $ |
| &nbsp;&nbsp;&nbsp; (3 Rights = 1 Common Share) | (Rights Exercised) |  | (No. of Common Shares) | (Estimated Subscription Price) |  |
| &nbsp;&nbsp;&nbsp; \* If the aggregate estimated Subscription Price paid by a Record Date Shareholder is insufficient to purchase, at the estimated Subscription Price, the number of Common Shares that the participating Holder indicates are being subscribed for, or if a Record Date Shareholder does not specify the number of Common Shares to be purchased, then the Record Date Shareholder will be deemed to have exercised first, its Rights under the Primary Subscription (if not already fully exercised) and second , the Over-Subscription Privilege to purchase Common Shares to the full extent of the payment rendered. If the aggregate estimated Subscription Price paid by a Record Date Shareholder exceeds the amount necessary to purchase the number of Common Shares for which the participating Holder has indicated an intention to subscribe, then the Record Date Shareholder will be refunded any such excess amount remaining based on the number of Common Shares for which the participating Holder has indicated an intention to subscribe following the determination of the Subscription Price on the Expiration Date. | &nbsp;&nbsp;&nbsp; \* If the aggregate estimated Subscription Price paid by a Record Date Shareholder is insufficient to purchase, at the estimated Subscription Price, the number of Common Shares that the participating Holder indicates are being subscribed for, or if a Record Date Shareholder does not specify the number of Common Shares to be purchased, then the Record Date Shareholder will be deemed to have exercised first, its Rights under the Primary Subscription (if not already fully exercised) and second , the Over-Subscription Privilege to purchase Common Shares to the full extent of the payment rendered. If the aggregate estimated Subscription Price paid by a Record Date Shareholder exceeds the amount necessary to purchase the number of Common Shares for which the participating Holder has indicated an intention to subscribe, then the Record Date Shareholder will be refunded any such excess amount remaining based on the number of Common Shares for which the participating Holder has indicated an intention to subscribe following the determination of the Subscription Price on the Expiration Date. | &nbsp;&nbsp;&nbsp; \* If the aggregate estimated Subscription Price paid by a Record Date Shareholder is insufficient to purchase, at the estimated Subscription Price, the number of Common Shares that the participating Holder indicates are being subscribed for, or if a Record Date Shareholder does not specify the number of Common Shares to be purchased, then the Record Date Shareholder will be deemed to have exercised first, its Rights under the Primary Subscription (if not already fully exercised) and second , the Over-Subscription Privilege to purchase Common Shares to the full extent of the payment rendered. If the aggregate estimated Subscription Price paid by a Record Date Shareholder exceeds the amount necessary to purchase the number of Common Shares for which the participating Holder has indicated an intention to subscribe, then the Record Date Shareholder will be refunded any such excess amount remaining based on the number of Common Shares for which the participating Holder has indicated an intention to subscribe following the determination of the Subscription Price on the Expiration Date. | &nbsp;&nbsp;&nbsp; \* If the aggregate estimated Subscription Price paid by a Record Date Shareholder is insufficient to purchase, at the estimated Subscription Price, the number of Common Shares that the participating Holder indicates are being subscribed for, or if a Record Date Shareholder does not specify the number of Common Shares to be purchased, then the Record Date Shareholder will be deemed to have exercised first, its Rights under the Primary Subscription (if not already fully exercised) and second , the Over-Subscription Privilege to purchase Common Shares to the full extent of the payment rendered. If the aggregate estimated Subscription Price paid by a Record Date Shareholder exceeds the amount necessary to purchase the number of Common Shares for which the participating Holder has indicated an intention to subscribe, then the Record Date Shareholder will be refunded any such excess amount remaining based on the number of Common Shares for which the participating Holder has indicated an intention to subscribe following the determination of the Subscription Price on the Expiration Date. | &nbsp;&nbsp;&nbsp; \* If the aggregate estimated Subscription Price paid by a Record Date Shareholder is insufficient to purchase, at the estimated Subscription Price, the number of Common Shares that the participating Holder indicates are being subscribed for, or if a Record Date Shareholder does not specify the number of Common Shares to be purchased, then the Record Date Shareholder will be deemed to have exercised first, its Rights under the Primary Subscription (if not already fully exercised) and second , the Over-Subscription Privilege to purchase Common Shares to the full extent of the payment rendered. If the aggregate estimated Subscription Price paid by a Record Date Shareholder exceeds the amount necessary to purchase the number of Common Shares for which the participating Holder has indicated an intention to subscribe, then the Record Date Shareholder will be refunded any such excess amount remaining based on the number of Common Shares for which the participating Holder has indicated an intention to subscribe following the determination of the Subscription Price on the Expiration Date. | &nbsp;&nbsp;&nbsp; \* If the aggregate estimated Subscription Price paid by a Record Date Shareholder is insufficient to purchase, at the estimated Subscription Price, the number of Common Shares that the participating Holder indicates are being subscribed for, or if a Record Date Shareholder does not specify the number of Common Shares to be purchased, then the Record Date Shareholder will be deemed to have exercised first, its Rights under the Primary Subscription (if not already fully exercised) and second , the Over-Subscription Privilege to purchase Common Shares to the full extent of the payment rendered. If the aggregate estimated Subscription Price paid by a Record Date Shareholder exceeds the amount necessary to purchase the number of Common Shares for which the participating Holder has indicated an intention to subscribe, then the Record Date Shareholder will be refunded any such excess amount remaining based on the number of Common Shares for which the participating Holder has indicated an intention to subscribe following the determination of the Subscription Price on the Expiration Date. |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp; B. Over-Subscription\*\* | &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp; B. Over-Subscription\*\* |  | x | $12.18 | = $ |
|  |  |  | (No. of Common Shares) | (Estimated Subscription Price) |  |
| &nbsp;&nbsp;&nbsp; \*\*TheOver-Subscription Privilege may only be exercised if the Primary Subscription Right is exercised to the fullest extent possible and may only be exercised by Holders as described in the Prospectus. Over-subscriptions may not be accepted by the Fund and are subject to pro rata reductions. | &nbsp;&nbsp;&nbsp; \*\*TheOver-Subscription Privilege may only be exercised if the Primary Subscription Right is exercised to the fullest extent possible and may only be exercised by Holders as described in the Prospectus. Over-subscriptions may not be accepted by the Fund and are subject to pro rata reductions. | &nbsp;&nbsp;&nbsp; \*\*TheOver-Subscription Privilege may only be exercised if the Primary Subscription Right is exercised to the fullest extent possible and may only be exercised by Holders as described in the Prospectus. Over-subscriptions may not be accepted by the Fund and are subject to pro rata reductions. | &nbsp;&nbsp;&nbsp; \*\*TheOver-Subscription Privilege may only be exercised if the Primary Subscription Right is exercised to the fullest extent possible and may only be exercised by Holders as described in the Prospectus. Over-subscriptions may not be accepted by the Fund and are subject to pro rata reductions. | &nbsp;&nbsp;&nbsp; \*\*TheOver-Subscription Privilege may only be exercised if the Primary Subscription Right is exercised to the fullest extent possible and may only be exercised by Holders as described in the Prospectus. Over-subscriptions may not be accepted by the Fund and are subject to pro rata reductions. | &nbsp;&nbsp;&nbsp; \*\*TheOver-Subscription Privilege may only be exercised if the Primary Subscription Right is exercised to the fullest extent possible and may only be exercised by Holders as described in the Prospectus. Over-subscriptions may not be accepted by the Fund and are subject to pro rata reductions. |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp; C. Amount of Check Enclosed or Wire Transfer (or amount in Notice of Guaranteed Delivery) | &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp; C. Amount of Check Enclosed or Wire Transfer (or amount in Notice of Guaranteed Delivery) | &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp; C. Amount of Check Enclosed or Wire Transfer (or amount in Notice of Guaranteed Delivery) | &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp; C. Amount of Check Enclosed or Wire Transfer (or amount in Notice of Guaranteed Delivery) | &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp; C. Amount of Check Enclosed or Wire Transfer (or amount in Notice of Guaranteed Delivery) | = $ |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp; D. Sell my Rights. Indicate the amount of Rights that you wish to sell | &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp; D. Sell my Rights. Indicate the amount of Rights that you wish to sell | &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp; D. Sell my Rights. Indicate the amount of Rights that you wish to sell | &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp; D. Sell my Rights. Indicate the amount of Rights that you wish to sell | &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp; D. Sell my Rights. Indicate the amount of Rights that you wish to sell | = |
| &nbsp;&nbsp;&nbsp; SECTION 1. TO SUBSCRIBE: I acknowledge that I have received the Prospectus for the Offer and I hereby irrevocably subscribe for the number of Common Shares indicated in line A hereon upon the terms and conditions specified in the Prospectus. I hereby agree that if I fail to pay for the Common Shares for which I have subscribed (or are deemed to have subscribed for as set forth above), the Fund may exercise any of the remedies set forth in the Prospectus. | &nbsp;&nbsp;&nbsp; SECTION 1. TO SUBSCRIBE: I acknowledge that I have received the Prospectus for the Offer and I hereby irrevocably subscribe for the number of Common Shares indicated in line A hereon upon the terms and conditions specified in the Prospectus. I hereby agree that if I fail to pay for the Common Shares for which I have subscribed (or are deemed to have subscribed for as set forth above), the Fund may exercise any of the remedies set forth in the Prospectus. | &nbsp;&nbsp;&nbsp; SECTION 1. TO SUBSCRIBE: I acknowledge that I have received the Prospectus for the Offer and I hereby irrevocably subscribe for the number of Common Shares indicated in line A hereon upon the terms and conditions specified in the Prospectus. I hereby agree that if I fail to pay for the Common Shares for which I have subscribed (or are deemed to have subscribed for as set forth above), the Fund may exercise any of the remedies set forth in the Prospectus. | &nbsp;&nbsp;&nbsp; SECTION 1. TO SUBSCRIBE: I acknowledge that I have received the Prospectus for the Offer and I hereby irrevocably subscribe for the number of Common Shares indicated in line A hereon upon the terms and conditions specified in the Prospectus. I hereby agree that if I fail to pay for the Common Shares for which I have subscribed (or are deemed to have subscribed for as set forth above), the Fund may exercise any of the remedies set forth in the Prospectus. | &nbsp;&nbsp;&nbsp; SECTION 1. TO SUBSCRIBE: I acknowledge that I have received the Prospectus for the Offer and I hereby irrevocably subscribe for the number of Common Shares indicated in line A hereon upon the terms and conditions specified in the Prospectus. I hereby agree that if I fail to pay for the Common Shares for which I have subscribed (or are deemed to have subscribed for as set forth above), the Fund may exercise any of the remedies set forth in the Prospectus. | &nbsp;&nbsp;&nbsp; SECTION 1. TO SUBSCRIBE: I acknowledge that I have received the Prospectus for the Offer and I hereby irrevocably subscribe for the number of Common Shares indicated in line A hereon upon the terms and conditions specified in the Prospectus. I hereby agree that if I fail to pay for the Common Shares for which I have subscribed (or are deemed to have subscribed for as set forth above), the Fund may exercise any of the remedies set forth in the Prospectus. |
| &nbsp;&nbsp;&nbsp;Signature(s) of Subscriber(s)/Seller(s) | &nbsp;&nbsp;&nbsp;Signature(s) of Subscriber(s)/Seller(s) | &nbsp;&nbsp;&nbsp;Signature(s) of Subscriber(s)/Seller(s) | &nbsp;&nbsp;&nbsp;Signature(s) of Subscriber(s)/Seller(s) | &nbsp;&nbsp;&nbsp;Signature(s) of Subscriber(s)/Seller(s) | &nbsp;&nbsp;&nbsp;Signature(s) of Subscriber(s)/Seller(s) |
| &nbsp;&nbsp;&nbsp;Please give your telephone number: () | &nbsp;&nbsp;&nbsp;Please give your telephone number: () | &nbsp;&nbsp;&nbsp;Please give your telephone number: () | &nbsp;&nbsp;&nbsp;Please give your telephone number: () | &nbsp;&nbsp;&nbsp;Please give your telephone number: () | &nbsp;&nbsp;&nbsp;Please give your telephone number: () |
| &nbsp;&nbsp;&nbsp; Please give your e-mail address:  | &nbsp;&nbsp;&nbsp; Please give your e-mail address:  | &nbsp;&nbsp;&nbsp; Please give your e-mail address:  | &nbsp;&nbsp;&nbsp; Please give your e-mail address:  | &nbsp;&nbsp;&nbsp; Please give your e-mail address:  | &nbsp;&nbsp;&nbsp; Please give your e-mail address:  |
| &nbsp;&nbsp;&nbsp; SECTION 2. TO TRANSFER RIGHTS: For value received, of the Rights represented by this Subscription Certificate are assigned to: | &nbsp;&nbsp;&nbsp; SECTION 2. TO TRANSFER RIGHTS: For value received, of the Rights represented by this Subscription Certificate are assigned to: | &nbsp;&nbsp;&nbsp; SECTION 2. TO TRANSFER RIGHTS: For value received, of the Rights represented by this Subscription Certificate are assigned to: | &nbsp;&nbsp;&nbsp; SECTION 2. TO TRANSFER RIGHTS: For value received, of the Rights represented by this Subscription Certificate are assigned to: | &nbsp;&nbsp;&nbsp; SECTION 2. TO TRANSFER RIGHTS: For value received, of the Rights represented by this Subscription Certificate are assigned to: | &nbsp;&nbsp;&nbsp; SECTION 2. TO TRANSFER RIGHTS: For value received, of the Rights represented by this Subscription Certificate are assigned to: |
| &nbsp;&nbsp;&nbsp;(Print Full Name of Assignee) | &nbsp;&nbsp;&nbsp;(Print Full Name of Assignee) | &nbsp;&nbsp;&nbsp;(Print Full Name of Assignee) | &nbsp;&nbsp;&nbsp;(Print Full Name of Assignee) | &nbsp;&nbsp;&nbsp;(Print Full Name of Assignee) | &nbsp;&nbsp;&nbsp;(Print Full Name of Assignee) |
|  |  |  |  | Social Security Number | Social Security Number |
| &nbsp;&nbsp;&nbsp;(Print Full Address)<u> </u> | &nbsp;&nbsp;&nbsp;(Print Full Address)<u> </u> | &nbsp;&nbsp;&nbsp;(Print Full Address)<u> </u> | &nbsp;&nbsp;&nbsp;(Print Full Address)<u> </u> | &nbsp;&nbsp;&nbsp;(Print Full Address)<u> </u> | &nbsp;&nbsp;&nbsp;(Print Full Address)<u> </u> |
| &nbsp;&nbsp;&nbsp;(Print Full Address)<u> </u> | &nbsp;&nbsp;&nbsp;(Print Full Address)<u> </u> | &nbsp;&nbsp;&nbsp;(Print Full Address)<u> </u> | &nbsp;&nbsp;&nbsp;(Print Full Address)<u> </u> | &nbsp;&nbsp;&nbsp;(Print Full Address)<u> </u> | &nbsp;&nbsp;&nbsp;(Print Full Address)<u> </u> |
| &nbsp;&nbsp;&nbsp;Signature(s) of Assignor(s)<u> </u> | &nbsp;&nbsp;&nbsp;Signature(s) of Assignor(s)<u> </u> | &nbsp;&nbsp;&nbsp;Signature(s) of Assignor(s)<u> </u> | &nbsp;&nbsp;&nbsp;Signature(s) of Assignor(s)<u> </u> | &nbsp;&nbsp;&nbsp;Signature(s) of Assignor(s)<u> </u> | &nbsp;&nbsp;&nbsp;Signature(s) of Assignor(s)<u> </u> |
| &nbsp;&nbsp;&nbsp; <br> IMPORTANT: The signature(s) must correspond in every particular, without alteration, with the name(s) as printed on your Subscription Certificate. | &nbsp;&nbsp;&nbsp; <br> IMPORTANT: The signature(s) must correspond in every particular, without alteration, with the name(s) as printed on your Subscription Certificate. | &nbsp;&nbsp;&nbsp; <br> IMPORTANT: The signature(s) must correspond in every particular, without alteration, with the name(s) as printed on your Subscription Certificate. | &nbsp;&nbsp;&nbsp; <br> IMPORTANT: The signature(s) must correspond in every particular, without alteration, with the name(s) as printed on your Subscription Certificate. | &nbsp;&nbsp;&nbsp; <br> IMPORTANT: The signature(s) must correspond in every particular, without alteration, with the name(s) as printed on your Subscription Certificate. | &nbsp;&nbsp;&nbsp; <br> IMPORTANT: The signature(s) must correspond in every particular, without alteration, with the name(s) as printed on your Subscription Certificate. |
| &nbsp;&nbsp;&nbsp; Return Subscription Certificate by first class mail or overnight courier to: Computershare. | &nbsp;&nbsp;&nbsp; Return Subscription Certificate by first class mail or overnight courier to: Computershare. | &nbsp;&nbsp;&nbsp; Return Subscription Certificate by first class mail or overnight courier to: Computershare. | &nbsp;&nbsp;&nbsp; Return Subscription Certificate by first class mail or overnight courier to: Computershare. | &nbsp;&nbsp;&nbsp; Return Subscription Certificate by first class mail or overnight courier to: Computershare. |  |
| &nbsp;&nbsp;&nbsp; *By First Class Mail:* | &nbsp;&nbsp;&nbsp; *By First Class Mail:* |  | *By Express Mail or Overnight Courier:* | *By Express Mail or Overnight Courier:* | *By Express Mail or Overnight Courier:* |
| &nbsp;&nbsp;&nbsp; Computershare |  |  | Computershare | Computershare | Computershare |
| &nbsp;&nbsp;&nbsp; C/O Voluntary Corporate Actions; COY: RQIF | &nbsp;&nbsp;&nbsp; C/O Voluntary Corporate Actions; COY: RQIF |  | C/O Voluntary Corporate Actions; COY: RQIF | C/O Voluntary Corporate Actions; COY: RQIF | C/O Voluntary Corporate Actions; COY: RQIF |
| &nbsp;&nbsp;&nbsp; P.O. Box 43011 |  |  | 150 Royall Street Suite V | 150 Royall Street Suite V | 150 Royall Street Suite V |
| &nbsp;&nbsp;&nbsp;Providence, RI 02940-3011 |  |  | Canton, MA 02021 | Canton, MA 02021 | Canton, MA 02021 |
| &nbsp;&nbsp;&nbsp; You can only exercise your Over-Subscription Privilege if you have fully exercised your Right, see above. | &nbsp;&nbsp;&nbsp; You can only exercise your Over-Subscription Privilege if you have fully exercised your Right, see above. | &nbsp;&nbsp;&nbsp; You can only exercise your Over-Subscription Privilege if you have fully exercised your Right, see above. | &nbsp;&nbsp;&nbsp; You can only exercise your Over-Subscription Privilege if you have fully exercised your Right, see above. | &nbsp;&nbsp;&nbsp; You can only exercise your Over-Subscription Privilege if you have fully exercised your Right, see above. | &nbsp;&nbsp;&nbsp; You can only exercise your Over-Subscription Privilege if you have fully exercised your Right, see above. |
| &nbsp;&nbsp;&nbsp; DELIVERY OF THIS SUBSCRIPTION CERTIFICATE TO AN ADDRESS OTHER THAN AS SET FORTH ABOVE DOES NOT CONSTITUTE A VALID DELIVERY. | &nbsp;&nbsp;&nbsp; DELIVERY OF THIS SUBSCRIPTION CERTIFICATE TO AN ADDRESS OTHER THAN AS SET FORTH ABOVE DOES NOT CONSTITUTE A VALID DELIVERY. | &nbsp;&nbsp;&nbsp; DELIVERY OF THIS SUBSCRIPTION CERTIFICATE TO AN ADDRESS OTHER THAN AS SET FORTH ABOVE DOES NOT CONSTITUTE A VALID DELIVERY. | &nbsp;&nbsp;&nbsp; DELIVERY OF THIS SUBSCRIPTION CERTIFICATE TO AN ADDRESS OTHER THAN AS SET FORTH ABOVE DOES NOT CONSTITUTE A VALID DELIVERY. | &nbsp;&nbsp;&nbsp; DELIVERY OF THIS SUBSCRIPTION CERTIFICATE TO AN ADDRESS OTHER THAN AS SET FORTH ABOVE DOES NOT CONSTITUTE A VALID DELIVERY. | &nbsp;&nbsp;&nbsp; DELIVERY OF THIS SUBSCRIPTION CERTIFICATE TO AN ADDRESS OTHER THAN AS SET FORTH ABOVE DOES NOT CONSTITUTE A VALID DELIVERY. |
| &nbsp;&nbsp;&nbsp; Any questions regarding this Subscription Certificate and the Offer may be directed to Georgeson LLC toll free at (888) 812-7762. | &nbsp;&nbsp;&nbsp; Any questions regarding this Subscription Certificate and the Offer may be directed to Georgeson LLC toll free at (888) 812-7762. | &nbsp;&nbsp;&nbsp; Any questions regarding this Subscription Certificate and the Offer may be directed to Georgeson LLC toll free at (888) 812-7762. | &nbsp;&nbsp;&nbsp; Any questions regarding this Subscription Certificate and the Offer may be directed to Georgeson LLC toll free at (888) 812-7762. | &nbsp;&nbsp;&nbsp; Any questions regarding this Subscription Certificate and the Offer may be directed to Georgeson LLC toll free at (888) 812-7762. | &nbsp;&nbsp;&nbsp; Any questions regarding this Subscription Certificate and the Offer may be directed to Georgeson LLC toll free at (888) 812-7762. |

---

Expiration Date: July 15, 2026 (unless extended)

## Ex-99.(D)(3)

**Ex. (d)(3)** 

**NOTICE OF GUARANTEED DELIVERY** 

**For Common Stock of** 

**Cohen & Steers Quality Income Realty Fund, Inc.** 

**Subscribed for under the Primary Subscription and** 

**Pursuant to the Over-Subscription Privilege** 

As set forth in the Prospectus Supplement, dated June 18, 2026, and the accompanying Prospectus, dated June 8, 2026 (collectively, the "Prospectus"), this form or one substantially equivalent hereto may be used as a means of effecting subscription and payment for all of Cohen & Steers Quality Income Realty Fund, Inc., (the "Fund") common stock subscribed for under the primary subscription and pursuant to the over-subscription privilege (the "Common Stock"). Such form may be delivered by first class mail, overnight courier or sent by email transmission to the Subscription Agent and must be received prior to 5:00 p.m., Eastern Time, on July 15, 2026, unless such time is extended by Fund as described in the Prospectus (such date and time, as the same may be extended, the "Expiration Date"). The terms and conditions of the Offer set forth in the Prospectus are incorporated by reference herein. Capitalized terms used and not otherwise defined herein have the meaning attributed to them in the Prospectus.

The Subscription Agent is:

Computershare

![LOGO](g110923dsp_3.jpg)

---

| | |
|:---|:---|
| **If By Mail:** | Computershare Trust Company, N.A. |
|  | Attn: Corporate Actions Voluntary Offer |
|  | P.O. Box 43011 |
|  | Providence, RI 02940-3011 |
| **If By Overnight Courier:** | Computershare Trust Company, N.A.<br>Attn: Corporate Actions Voluntary Offer |
|  | 150 Royall Street, Suite V<br>Canton, MA 02021 |
| **If By Email:** | *canoticeofguarantee@computershare.com* |

---

**For information call the information agent, Georgeson LLC: (888) 812-7762** 

**DELIVERY OF THIS INSTRUMENT TO AN ADDRESS OTHER THAN AS SET FORTH ABOVE OR TRANSMISSION VIA AN EMAIL ADDRESS OTHER THAN ONE LISTED ABOVE DOES NOT CONSTITUTE A VALID DELIVERY. THE ABOVE EMAIL ADDRESS CAN ONLY BE USED FOR DELIVERY OF THIS NOTICE OF GUARANTEED DELIVERY. ANY TRANSMISSION OF OTHER MATERIALS WILL NOT BE ACCEPTED AND WILL NOT BE CONSIDERED A VALID SUBMISSION FOR THE OFFER.** 

The undersigned, a member firm of the NYSE, Nasdaq or other national exchange, or bank or trust company which completes this form must communicate this guarantee and the number of Common Stock subscribed for in connection with this guarantee (separately disclosed as to the primary subscription and the over-subscription privilege) to the Subscription Agent and must deliver this Notice of Guaranteed Delivery, to the Subscription Agent, prior to 5:00 p.m., New York City time, on the Expiration Date, guaranteeing delivery of a properly completed and signed subscription certificate (which certificate must then be delivered to the Subscription Agent no later than the close of business on the first business day after the Expiration Date). Failure to do so will result in a forfeiture of the Rights.

**VOLUNTARY CORPORATE ACTIONS COY: RQIF** 

------

**GUARANTEE** 

The undersigned, a member firm of the NYSE, Nasdaq or other national exchange, or a bank or trust company, having an office or correspondent in the United States, guarantees delivery to the Subscription Agent prior to 5:00 p.m., Eastern Time, **on the First Business Day after July 15, 2026, which is the Expiration Date**, unless extended, as described in the Prospectus) of a properly completed and executed subscription certificate. Participants should notify the Depositary prior to covering through the submission of a physical security directly to the Depositary based on a guaranteed delivery that was submitted via the PTOP platform of The Depository Trust Company ("DTC").

Price for shares of Common Stock subscribed for under the primary subscription and for any additional shares of Common Stock subscribed for pursuant to the over-subscription privilege, is subject, in the case of the over-subscription privilege, to proration, as described in the Prospectus, as subscription for such shares of Common Stock is indicated herein or in the subscription certificate.

**Cohen & Steers Quality Income Realty Fund, Inc.** 

**Broker Assigned Control #<u> </u>** 

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| | | | |
|:---|:---|:---|:---|
| 1. Primary subscription | Number of Rights to be exercised | Number of shares of Common Stock under the primary subscription requested for which you are guaranteeing delivery of Rights and payment | Payment to be made in connection with the shares of Common Stock subscribed for under the primary subscription |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rights | Shares of Common Stock (Rights ÷ 3) | $|
| 2. Over-subscription privilege |  | Number of Shares of Common Stock requested pursuant to the over- subscription privilege for which you are guaranteeing payment | Payment to be made in connection with the shares of Common Stock requested pursuant to the over-subscription privilege |
|  |  |  | $|
|  |  | Shares of Common Stock |  |
| 3. Totals | Total number of Rights to be delivered | Total number of shares of Common Stock subscribed for and/or requested |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rights | Shares of Common Stock | $ Total Payment |

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Method of delivery of the Notice of Guaranteed Delivery (circle one)

A. Through DTC

B. Direct to Computershare, as Subscription Agent.

Please reference below the registration of the Rights to be delivered.

**VOLUNTARY CORPORATE ACTIONS COY: RQIF** 

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PLEASE ASSIGN A UNIQUE CONTROL NUMBER FOR EACH GUARANTEE SUBMITTED. This number needs to be referenced on any direct delivery of Rights or any delivery through DTC.

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| | |
|:---|:---|
| Name of Firm | Authorized Signature |
| DTC Participant Number | Title |
| Address | Name (Please Type or Print) |
| Zip Code | Phone Number |
| Contact Name | Date |

---

**VOLUNTARY CORPORATE ACTIONS COY: RQIF**

## Ex-99.(H)

**Ex. (h)** 

COHEN & STEERS QUALITY INCOME REALTY FUND, INC.

44,839,181 Shares of Common Stock

Issuable Upon Exercise of Transferable Rights

to Subscribe for Such Shares

FORM OF DEALER MANAGER AGREEMENT

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;New York, New York

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; June 18, 2026

UBS Securities LLC

11 Madison Avenue

New York, New York 10010

Ladies and Gentlemen:

Each of Cohen & Steers Quality Income Realty Fund, Inc., a Maryland corporation (the "<u>Fund</u>"), and Cohen & Steers Capital Management, Inc., a New York corporation (the "<u>Advisor</u>"), hereby confirms the agreement with and appointment of UBS Securities LLC to act as dealer manager (the "<u>Dealer Manager</u>") in connection with the issuance by the Fund to the holders of record (the "<u>Record Date Shareholders</u>") at the close of business on the record date set forth in the Prospectus (as defined herein) (the "<u>Record Date</u>") transferable rights entitling such Record Date Shareholders to subscribe for up to 44,839,181 shares (each, a "<u>Share</u>" and collectively, the "<u>Shares</u>") of common stock, par value $0.001 per share (the "<u>Common Shares</u>"), of the Fund (the "<u>Offer</u>"). Pursuant to the terms of the Offer, the Fund is issuing each Record Date Shareholder one transferable right (each, a "<u>Right</u>," and collectively, the "<u>Rights</u>") for each Common Share held by such Record Date Shareholder on the Record Date. Such Rights entitle their holders to acquire during the subscription period set forth in the Prospectus, at the price set forth in such Prospectus (the "<u>Subscription Price</u>"), one Share for each three Rights exercised (1-for-3) (except that any Record Date Shareholder who is issued fewer than three Rights will be able to subscribe for one full Share pursuant to the primary subscription), on the terms and conditions set forth in such Prospectus. No fractional shares will be issued. Any Record Date Shareholder who fully exercises all Rights initially issued to such Record Date Shareholder (other than those Rights that cannot be exercised because they represent the right to acquire less than one Share) will be entitled to subscribe for, subject to certain limitations and allocation, additional Shares (the "<u>Over-Subscription Privilege</u>"), on the terms and conditions set forth in the Prospectus. The Rights are transferable and are expected to be admitted for trading on the New York Stock Exchange (the "<u>NYSE</u>") under the symbol "RQI RT."

The Fund has filed with the Securities and Exchange Commission (the "<u>Commission</u>") an "automatic shelf registration statement," as defined in Rule 405 under the Securities Act of 1933, as amended (the "<u>Securities Act</u>") on Form N-2 (File Nos. 333-296589 and 811-10481), including a related prospectus and Statement of Additional Information (the "<u>Base Prospectus</u>"), under the Investment Company Act of 1940, as amended (the "<u>Investment Company Act</u>"), the Securities Act, and the rules and regulations of the Commission under the Investment Company Act (the "<u>Investment Company Act Rules and Regulations</u>") and the rules and regulations of the Commission under the Securities Act (the "<u>Securities Act Rules and Regulations</u>" and, together with the Investment Company Act Rules and Regulations, the "<u>Rules and Regulations</u>"), which became effective on June 8, 2026, and has filed a prospectus supplement to the Base Prospectus, related to such registration statement on Form N-2 for the issuance of the Rights

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(the "<u>Prospectus Supplement</u>"). The term "<u>Registration Statement</u>" means the registration statement, allowing for delayed offerings pursuant to Rule 415 of the Securities Act Rules and Regulations, as amended, at the time it becomes or became effective, including financial statements and all exhibits and all documents, if any, incorporated therein by reference, and any information deemed to be included by Rule 430B of the Securities Act Rules and Regulations. The term "<u>Prospectus</u>" means (except as otherwise specified herein) (i) the Base Prospectus and (ii) the Prospectus Supplement.

The Prospectus and letters to owners of Common Shares, subscription certificates and other forms used to exercise rights, brochures, wrappers, any letters from the Fund to securities dealers, commercial banks and other nominees and any newspaper announcements, press releases and other offering materials and information that the Fund may use, approve, prepare or authorize for use in connection with the Offer are collectively referred to hereinafter as the "<u>Offering Materials</u>."

1. <u>Representations and Warranties</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Fund and the Advisor jointly and severally represent and warrant to, and agree with, the Dealer Manager
as of the date hereof, as of the date of the commencement of the Offer (such date being hereinafter referred to as the " <u>Representation Date</u> ") and as of the Expiration Date (as defined below) that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The Fund meets the requirements for use of Form N-2 under the
Securities Act and the Investment Company Act and the Rules and Regulations. At the time the Registration Statement became or becomes effective, the Registration Statement did or will contain all statements required to be stated therein in
accordance with, and did or will comply with the requirements of the Securities Act, the Investment Company Act and the Rules and Regulations and did not or will not contain an untrue statement of a material fact or omit to state a material fact
required to be stated therein or necessary in order to make the statements therein not misleading. From the time the Registration Statement became or becomes effective through the expiration date of the Offer set forth in the Prospectus, as it may
be extended as provided in the Prospectus (the " <u>Expiration Date</u> "), the Offering Materials will not contain an untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary in
order to make the statements therein, in the light of the circumstances under which they were made, not misleading; <u>provided</u>, <u>however</u>, that the representations and warranties in this subsection shall not apply to statements in or
omissions from the Registration Statement or Offering Materials made in reliance upon and in conformity with information relating to the Dealer Manager furnished to the Fund or the Advisor on behalf of the Fund in writing by the Dealer Manager
expressly for use in the Registration Statement or Offering Materials.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) The Fund (A) has been duly organized and is validly existing as a corporation in good standing under
the laws of the State of Maryland, (B) has power and authority to own, lease and operate its properties and conduct its business as described in the Registration Statement and the Prospectus, (C) owns, possesses or has obtained and
currently maintains all necessary licenses, permits, consents, orders, approvals and other authorizations (collectively, the " <u>Licenses and Permits</u> "), whether foreign or domestic, necessary to carry on its business as contemplated
in the Prospectus, (D) has made all necessary filings required under any federal, state, local or foreign law, regulation or rule and (E) is duly licensed and qualified to do business and is in good standing in each jurisdiction where it
owns or leases real

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property or in which the conduct of its business requires such qualification, except with respect to (C), (D) and (E), where such failure would not have a material adverse effect upon the condition (financial or otherwise), earnings, business affairs, business prospects, management, properties, net assets or results of operations or this offering (a "<u>Material Adverse Effect</u>") of the Fund. The Fund has no subsidiaries. <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) The Fund is duly registered with the Commission under the Investment Company Act as a diversified, closed-end management investment company; no order of suspension or revocation of such registration has been issued or proceedings therefor initiated or, to the knowledge of the Fund or the Advisor, threatened by
the Commission; subject to the filing of the Prospectus pursuant to Rule 424(b) of the Rules and Regulations and the filing of a post-effective amendment to the Registration Statement pursuant to Rule 462(d) of the Rules and Regulations, if not
already filed, all required action has been taken by the Fund under the Securities Act and the Investment Company Act to make the Offer and to consummate the issuance of the Rights and the issuance and sale of the Shares by the Fund upon exercise of
the Rights; and the provisions of the Fund's Articles of Incorporation, as amended (" <u>Articles of Incorporation</u> ") and the Fund's By-Laws, as amended (" <u>By-Laws</u> ") comply with the requirements of the Investment Company Act and the Investment Company Act Rules and Regulations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) PricewaterhouseCoopers LLP, the independent registered public accounting firm that audited and delivered its
report with respect to the financial statements of the Fund set forth or incorporated by reference in the Registration Statement and the Prospectus, is an independent registered public accounting firm as required by the Investment Company Act, the
Securities Act, the Rules and Regulations and by the rules of the Public Company Accounting Oversight Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) The financial statements of the Fund, together with the related notes and schedules thereto, set forth or
incorporated by reference in the Registration Statement and the Prospectus present fairly in all material respects the financial condition of the Fund as of the dates or for the periods indicated in conformity with U.S. generally accepted accounting
principles applied on a consistent basis; and the information set forth in the Prospectus under the heading "Summary of Fund Expenses" and in the Fund's annual reports filed on Form N-CSR under the heading "Financial Highlights" and incorporated by reference into the Prospectus presents fairly in all material respects the information stated therein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) The Fund has an authorized and outstanding capitalization as set forth in the Prospectus (subject to the
issuance of any Shares pursuant to the Dividend Reinvestment Plan (as defined below) after the date of such Prospectus); the Common Shares issued and outstanding prior to the date of this Agreement have been duly authorized and are validly issued,
fully paid and nonassessable and conform in all material respects to the description thereof in the Prospectus under the heading "Description of the Securities—Common Shares"; the Rights have been duly authorized by all requisite
action on the part of the Fund for issuance pursuant to the Offer; the certificates, if any, for the Shares are in due and proper form; the Shares have been duly authorized by all requisite action on the part of the Fund for issuance and sale
pursuant to the terms of the Offer and, when issued and delivered by the Fund pursuant to the terms of the Offer against payment of

------

the consideration set forth in the Prospectus, will be validly issued, fully paid and nonassessable; the Shares and the Rights conform in all material respects to the statements relating thereto contained in the Registration Statement, the Prospectus and the other Offering Materials. No person is entitled to any preemptive or other similar rights with respect to the issuance of each of the Rights and the Shares. <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) Except as set forth in the Prospectus, subsequent to the respective dates as of which information is given
in the Registration Statement and the Prospectus, (A) the Fund has not incurred any material liabilities or obligations, direct or contingent, or entered into any material transactions, other than in the ordinary course of business or incident
to its organization, (B) there has not been any material change in the Common Shares or long-term debt of the Fund, or any event that resulted in a Material Adverse Effect, (C) there has been no dividend or distribution declared or paid in
respect of the Fund's capital stock (other than ordinary or customary distributions declared and paid in the ordinary course) and (D) the Fund has not incurred any long-term debt.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) Each of (A) this agreement (the " <u>Agreement</u> "); (B) the Subscription Agent Agreement
(the " <u>Subscription Agent Agreement</u> ") dated as of June 17, 2026 among the Fund, Computershare Inc. (" <u>Computershare</u> ") and Computershare Trust Company, N.A. (together with Computershare, the
" <u>Subscription Agent</u> "); (C) the Information Agent Agreement dated as of June 10, 2026 between the Fund and Georgeson LLC (the " <u>Information Agent</u> "); (D) the Investment Management Agreement dated as of
February 25, 2002 between the Fund and the Advisor (the " <u>Investment Management Agreement</u> "); (E) the Master Custodian Agreement dated as of March 9, 2001 and effective with respect to the Fund pursuant to a letter
agreement dated as of February 15, 2002, between the Fund and State Street Bank and Trust Company; (F) the Transfer Agency Servicing Agreement dated as of August 19, 2013, as amended August 19, 2015, April 6, 2017 and
August 19, 2018, among the Fund, Computershare Inc. and Computershare Trust Company, N.A.; (G) the Amended and Restated Administration Agreement dated as of October 1, 2017 between the Fund and the Advisor (the " <u>IM Administration Agreement</u> "); (H) the Administration Agreement dated as of March 12, 2001, as amended February 22, 2002, between the Fund and State Street Bank and Trust Company; (I) and the Dividend Reinvestment Plan of the Fund (the
" <u>Dividend Reinvestment Plan</u> ") (collectively, all the foregoing are referred to herein as the " <u>Fund Agreements</u> ") has been duly authorized, executed and delivered by the Fund; each of the Fund Agreements complies
in all material respects with all applicable provisions of the Investment Company Act, the Investment Advisers Act of 1940, as amended (the " <u>Advisers Act</u> "), and the rules and regulations under such Acts, except that the Fund and
the Advisor make no representation as to the eligibility under the Investment Company Act of State Street Bank and Trust Company to act as custodian for the Fund; and, assuming due authorization, execution and delivery by the other parties thereto,
each of the Fund Agreements constitutes a legal, valid, binding and enforceable obligation of the Fund, subject to the qualification that the enforceability of the Fund's obligations thereunder may be limited by U.S. bankruptcy, insolvency,
reorganization, moratorium and similar laws of general applicability relating to or affecting creditors' rights and to general principles of equity (regardless of whether enforceability is considered in a proceeding in equity or at law),
except as enforcement of rights to indemnity and contribution hereunder

------

or thereunder may be limited by federal or state securities laws or principles of public policy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) Neither the issuance of the Rights, nor the issuance and sale of the Shares upon the exercise of the Rights,
nor the execution, delivery, performance and consummation by the Fund of any other of the transactions contemplated in this Agreement, or to the extent applicable to the Rights or the Shares in the Fund Agreements, nor the consummation of the
transactions contemplated in this Agreement or in the Registration Statement nor the fulfillment of the terms thereof will (A) violate the Articles of Incorporation, By-Laws or similar organizational
documents of the Fund, (B) conflict with, result in a breach or violation of, or constitute a default or an event of default under, or result in the creation or imposition of any lien, charge or encumbrance upon any properties or assets of the
Fund under the terms and provisions of any agreement, indenture, mortgage, loan agreement, note, insurance or surety agreement, lease or other instrument to which the Fund is a party or by which it may be bound or to which any of the property or

any court, governmental instrumentality, securities exchange or association or arbitrator, whether foreign or domestic, applicable to the Fund or having jurisdiction over the Fund or any of its material properties, other than state securities or
"blue sky" laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) Except as set forth in the Registration Statement, there is no pending or, to the knowledge of the Fund or
the Advisor, threatened action, suit, claim, investigation, inquiry or proceeding affecting the Fund or to which the Fund is a party before or by any court or governmental agency, authority or body or any arbitrator, which is of a character required
by the Securities Act, the Investment Company Act or the Rules and Regulations to be described in the Registration Statement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi) There are no franchises, contracts or other documents of the Fund that are required by the Securities Act,
the Investment Company Act or the Rules and Regulations to be described in the Registration Statement or the Prospectus, or to be filed or incorporated by reference as exhibits to the Registration Statement which are not described or filed or
incorporated by reference therein as required by the Securities Act, the Investment Company Act or the Rules and Regulations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xii) No consent, approval, authorization, notification or order of, or filing with, or the issuance of any
license or permit by, any federal, state, local or foreign court or governmental or regulatory agency, commission, board, authority or body or with any self-regulatory organization or other non-governmental regulatory authority, securities exchange or association, whether foreign or domestic, is required by the Fund for the consummation by the Fund of the transactions to be performed by the Fund or the performance by the Fund of all the terms and
provisions to be performed by or on behalf of it in each case as contemplated in the Fund Agreements or the Registration Statement, except such as (i) have been obtained, or if the Registration Statement filed with respect to the Shares is not
effective under the Securities Act as of the time of execution hereof, such as may be required (and shall be obtained prior to commencement of the Offer) under the Investment Company Act, the Securities Act or the Securities Exchange Act of 1934, as
amended (the " <u>Exchange Act</u> "), (ii) may be required by the Financial Industry

------

Regulatory Authority, Inc. ("<u>FINRA</u>"), the NYSE or under state securities or "blue sky" laws, or (iii) the failure to obtain would not reasonably be expected to have a Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiii) The Fund is not currently in material breach of, or in material default under, any written agreement or
instrument to which it is a party or by which it or its property is, to the knowledge of the Fund or the Advisor, bound or affected.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiv) There are no material restrictions, limitations or regulations with respect to the ability of the Fund to
invest its assets as described in the Registration Statement and the Prospectus, other than as described therein, as imposed by the Investment Company Act and the Rules and Regulations thereunder or as required to qualify as a regulated investment
company under Subchapter M of the Internal Revenue Code of 1986, as amended (" <u>Subchapter M of the Code</u> ").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xv) No person has any right to the registration of any securities of the Fund because of the filing of the
Registration Statement with the Commission. No person has tag along rights or other similar rights included in the transaction contemplated by this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvi) The Common Shares have been duly listed on the NYSE and prior to their issuance the Rights will have been
admitted for trading and the Shares will have been duly approved for listing, subject to official notice of issuance, on the NYSE.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvii) The Fund is eligible for and has filed with the Commodity Futures Trading Commission and the National
Futures Association a notice of eligibility for relief from inclusion within the definition of a commodity pool operator pursuant to Section 4.5 of the general regulations under the Commodity Exchange Act, as amended.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xviii) The Fund (A) has not taken, directly or indirectly, any action designed to cause or to result in, or
that has constituted or which might reasonably be expected to constitute, the stabilization or manipulation of the price of any security of the Fund to facilitate the issuance of the Rights or the sale or resale of the Rights and the Shares,
(B) has not since the filing of the Registration Statement sold, bid for or purchased, or paid anyone any compensation for soliciting purchases of, Common Shares of the Fund (except for the solicitation of exercises of the Rights pursuant to
this Agreement) and (C) will not, until the later of the expiration of the Rights or the completion of the distribution (within the meaning of the anti-manipulation rules under the Exchange Act) of the Shares, sell, bid for or purchase, pay or
agree to pay to any person any compensation for soliciting another to purchase any other securities of the Fund (except for the solicitation of exercises of the Rights pursuant to this Agreement); <u>provided</u> that any action in connection with
the Dividend Reinvestment Plan will not be deemed to be within the terms of this Section 1(a)(xviii).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xix) The Fund intends to direct the investment of the proceeds of the Offer described in the Registration
Statement and the Prospectus in such a manner as to comply with the requirements of Subchapter M of the Code, and intends to continue to qualify as a regulated investment company under Subchapter M of the Code.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xx) The Fund has complied, and will direct the investment of the proceeds of the Offer described in the
Registration Statement and the Prospectus in such a manner as to continue to comply, with the asset coverage requirements of the Investment Company Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxi) The Fund has (A) appointed a Chief Compliance Officer and (B) adopted and implemented written
policies and procedures which the Board of Directors of the Fund has determined are reasonably designed to prevent violations of the federal securities laws in a manner required by and consistent with Rule 38a-1 of the Investment Company Act Rules and Regulations, including policies and procedures that provide oversight of compliance for each investment adviser, administrator and transfer agent of the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxii) Other than the Offering Materials, the Fund has not, without the written permission of the Dealer Manager,
used, approved, prepared or authorized any letters to beneficial owners of the Common Shares of the Fund, forms used to exercise rights, any letters from the Fund to securities dealers, commercial banks and other nominees or any newspaper
announcements or other offering materials and information in connection with the Offer; <u>provided</u>, <u>however</u>, that any use of transmittal documentation and subscription documentation independently prepared by the Dealer Manager,
broker-dealers, directors, nominees or other financial intermediaries shall not cause a violation of this Section 1(a)(xxii).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxiii) All Offering Materials complied and will comply in all material respects with the applicable requirements of
the Securities Act, the Investment Company Act, the Rules and Regulations and the rules and interpretations of FINRA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxiv) The Fund maintains a system of internal accounting controls sufficient to provide reasonable assurance that
(A) transactions are executed in accordance with management's general or specific authorization, (B) transactions are recorded as necessary to permit preparation of financial statements in conformity with U.S. generally accepted
accounting principles and to maintain accountability for assets, (C) access to assets is permitted only in accordance with management's general or specific authorization, and (D) the recorded accountability for assets is compared
with existing assets at reasonable intervals and appropriate action is taken with respect to any differences.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxv) The Fund has established and maintains disclosure controls and procedures (as such term is defined in Rule 30a-3 of the Investment Company Act Rules and Regulations) designed to ensure that material information relating to the Fund is made known to the Fund's Chief Executive Officer and its Chief Financial Officer
by others within the Fund, and such disclosure controls and procedures are effective to perform the functions for which they were established; the Fund is not aware of any material weakness in its internal controls over financial reporting. The
Fund's independent registered public accounting firm and the Audit Committee of the Board of Directors of the Fund have been advised of: (A) any significant deficiencies in the design or operation of internal controls over financial
reporting which could adversely affect the Fund's ability to record, process, summarize, and report financial data; (B) any fraud, whether or not material, that involves management or other employees who have a role in the Fund's
internal controls over financial reporting; and (C) any material weaknesses in the Fund's

------

internal controls over financial reporting have been identified for the Fund's independent registered public accounting firm; and since the date of the most recent evaluation of such disclosure controls and procedures, there have been no changes in internal controls over financial reporting or in other factors that could affect internal controls over financial reporting, including any corrective actions with regard to any significant deficiencies and material weaknesses. <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxvi) The Fund and its officers and directors, in their capacities as such, are in compliance with the applicable
provisions of the Sarbanes-Oxley Act of 2002 and the rules and regulations promulgated thereunder in all material respects.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxvii) No person is serving or acting as an officer, director or investment adviser of the Fund except in
accordance with the provisions of the Investment Company Act. Except as disclosed in the Registration Statement and the Prospectus, no director of the Fund is (A) an "interested person" (as defined in the Investment Company Act) of
the Fund or (B) an "affiliated person" (as defined in the Investment Company Act) of the Dealer Manager. For purposes of this Section 1(a)(xxvii), the Fund and the Advisor shall be entitled to rely on representations from such
officers and directors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxviii) The Fund's Board of Directors has validly appointed an audit committee whose composition satisfies the
requirements of Rules 303A.06 and 303A.07(a) of the NYSE Listed Company Manual, as modified for closed-end funds by Rule 303A.00 of the NYSE Listed Company Manual, and the Board of Directors and/or the audit
committee has adopted a charter that satisfies the requirements of 303A.07(b) of the NYSE Listed Company Manual. The audit committee has reviewed the adequacy of its charter within the past twelve months.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxix) Any statistical, demographic or market-related data included in the Registration Statement, the Prospectus
or the other Offering Materials are based on or derived from sources that the Fund and the Advisor believe to be reasonably reliable and accurate, and all such data included in the Registration Statement, the Prospectus and the other Offering
Materials accurately reflects the materials upon which it is based or from which it was derived in all material respects.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxx) No transaction has occurred between or among the Fund and any of its officers or directors, shareholders or
affiliates or any affiliate or affiliates of any such officer or director or shareholder or affiliate that is required to be described in and is not described in the Registration Statement and the Prospectus.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxxi) Neither the Fund nor, to the knowledge of the Fund or the Advisor, any employee or agent of the Fund has
made any payment of funds of the Fund or received or retained any funds on behalf of the Fund, which payment, receipt or retention of funds is of a character required to be disclosed in the Registration Statement or Prospectus and is not so
disclosed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxxii) Except in each case as would not reasonably be expected to have a Material Adverse Effect, the Fund has
filed all federal, state, local and foreign tax returns which are required to be filed through the date hereof, which returns are true and correct in all material respects, or has received timely extensions thereof and has paid all taxes shown on
such returns and all assessments received by it to the extent

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that the same are material and have become due, other than assessments that are being contested in good faith by appropriate proceedings. There are no tax audits or investigations pending which, if adversely determined, would have a Material Adverse Effect on the Fund, nor are there any proposed additional tax assessments against the Fund. <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxxiii) The Fund is insured by insurers of recognized financial responsibility against such losses and risks and in
such amounts as are prudent and customary in the businesses in which it is engaged; all policies of insurance insuring the Fund or its business, assets, employees, officers and directors, including the Fund's directors and officers errors and
omissions insurance policy, and its fidelity bond required by Rule 17g-1 of the Investment Company Act Rules and Regulations, are in full force and effect; the Fund is in compliance with the terms of such
policy, and fidelity bond; and there are no claims by the Fund under any such policy, or fidelity bond as to which any insurance company is denying liability or defending under a reservation of rights clause; the Fund has not been refused any
insurance coverage sought or applied for; and the Fund has no reason to believe that it will not be able to renew its existing insurance coverage, and fidelity bond as and when such coverage, and fidelity bond expires or to obtain similar coverage
and fidelity bond from similar insurers as may be necessary to continue its business.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxxiv) The Fund owns or possesses, or can acquire on reasonable terms, adequate patents, patent rights, licenses,
inventions, copyrights, know-how (including trade secrets and other unpatented and/or unpatentable proprietary or confidential information, systems, or procedures), trademarks, service marks, trade names or
other intellectual property (collectively, " <u>Intellectual Property</u> ") necessary to carry on the business operated by the Fund, except for that which the failure to own or possess would not reasonably be expected to have a Material
Adverse Effect, and the Fund has not received any notice or is not otherwise aware of any infringement of or conflict with asserted rights of others with respect to any Intellectual Property or of any facts or circumstances which would render any
Intellectual Property invalid or inadequate to protect the interest of the Fund, except for that which if determined to be invalid or inadequate would not reasonably be expected to have a Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxxv) Neither the Fund nor, to the knowledge of the Fund or the Advisor, any director, officer, agent, employee or
representative of the Advisor acting on behalf of the Fund, including, without limitation, any director, officer, agent or employee of the Fund, has, directly or indirectly, while acting on behalf of the Fund (A) used any corporate funds for
unlawful contributions, gifts, entertainment or other unlawful expenses relating to political activity; (B) made any unlawful payment to foreign or domestic government officials or employees or to foreign or domestic political parties or
campaigns from corporate funds; (C) violated any provision of the Foreign Corrupt Practices Act of 1977, as amended (the " <u>FCPA</u> "); or (D) made any other unlawful payment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxxvi) The operations of the Fund are and have been conducted at all times in compliance with applicable financial
recordkeeping and reporting requirements of the Bank Secrecy Act of 1970, as amended, the money laundering statutes of all jurisdictions, the rules and regulations thereunder and any related or similar rules, regulations or guidelines, issued,
administered or enforced by any governmental

------

agency (collectively, the "<u>Money Laundering Laws</u>"), and no action, suit or proceeding by or before any court or governmental agency, authority or body or any arbitrator involving the Fund with respect to the Money Laundering Laws is pending or, to the knowledge of the Fund or the Advisor, threatened. <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxxvii) Neither the Fund nor, to the knowledge of the Fund or the Advisor, any director, officer, agent or
employee of the Fund or the Advisor is currently subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department (" <u>OFAC</u> "); and the Fund will not directly or indirectly use the
proceeds of the Offer, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity, for the purpose of financing the activities of any person currently subject to any U.S.
sanctions administered by OFAC.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxxviii) All of the information provided to the Dealer Manager or to counsel for the Dealer Manager by the
Fund, its officers and directors in connection with letters, filings or other supplemental information provided to FINRA pursuant to FINRA's conduct rules is true, complete and correct in all material respects.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Advisor represents and warrants to, and agrees with, the Dealer Manager as of the date hereof, as of the
Representation Date and as of the Expiration Date that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The Advisor has been duly organized and is validly existing as a corporation in good standing under the laws
of New York, has full power and authority to own, lease and operate its properties, own its assets and conduct its business and other activities conducted by it as described in the Registration Statement and the Prospectus, owns, possesses or has
obtained and currently maintains all Licenses and Permits, whether foreign or domestic, necessary to carry on its business and to enable the Advisor to continue to supervise investments in securities as contemplated in the Registration Statement and
Prospectus, except where such failure would not have a Material Adverse Effect. The Advisor is duly licensed and qualified to do business and is in good standing in each jurisdiction wherein it owns or leases real property or in which the conduct of
its business or other activity requires such qualification, except such as would not have a Material Adverse Effect. The Advisor has made all necessary filings required to carry on its business as described in the Registration Statement and the
Prospectus under any federal, state, local or foreign law, regulation or rule, except such as would not have a Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) The Advisor is duly registered with the Commission as an investment adviser under the Advisers Act, and is
not prohibited by the Advisers Act or the Investment Company Act, or the rules and regulations under such Acts, from acting as investment adviser for the Fund as contemplated in the Prospectus, the Registration Statement and the Investment
Management Agreement and no order or suspension or revocation of such registration has been issued or proceedings therefor initiated or, to the knowledge of the Advisor, threatened by the Commission.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Each of this Agreement and the Investment Management Agreement has been duly authorized, executed and
delivered by the Advisor and complies in all material respects with all applicable provisions of the Investment Company Act, the Advisers Act and the rules and regulations under such Acts, and is, assuming due

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authorization, execution and delivery by the other parties thereto, a legal, valid, binding and enforceable obligation of the Advisor, subject to the qualification that the enforceability of the Advisor's obligations thereunder, as applicable, may be limited by U.S. bankruptcy, insolvency, reorganization, moratorium and similar laws of general applicability relating to or affecting creditors' rights and to general principles of equity (regardless of whether enforceability is considered in a proceeding in equity or at law), except as enforcement of rights to indemnity and contribution hereunder may be limited by federal or state securities laws or principles of public policy. <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Neither the execution, delivery, performance and consummation by the Advisor of its obligations under this
Agreement or the Investment Management Agreement, nor the consummation of the transactions contemplated therein or in the Prospectus or the Registration Statement nor the fulfillment of the terms thereof will (A) conflict with or violate the
articles of incorporation, by-laws or similar organizational documents of the Advisor, (B) conflict with, result in a breach or violation of, or constitute a default or an event of default under, or
result in the creation or imposition of any lien, charge or encumbrance upon any properties or assets of the Advisor under the articles of incorporation, by-laws or similar organizational documents, the terms
and provisions of any indenture, mortgage, loan agreement, note, insurance or surety agreement, or any other lease, instrument or agreement to which the Advisor is a party or by which it may be bound or to which any of the property or assets of the
Advisor is subject, except such as would not reasonably be expected to have a Material Adverse Effect or (C) result in any violation of any order, law, rule or regulation of any court, governmental instrumentality, securities exchange or
association or arbitrator, whether foreign or domestic, having jurisdiction over the Advisor or any of its properties, other than state securities or "blue sky" laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) Except as set forth in the Registration Statement, to the knowledge of the Advisor, there is no pending or
threatened action, suit, claim, investigation, inquiry or proceeding affecting the Advisor or to which the Advisor is a party before or by any court or governmental agency, authority or body or any arbitrator, which is of a character required by the
Securities Act, the Investment Company Act or the Rules and Regulations to be described in the Registration Statement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) No consent, approval, authorization, notification or order of, or filing with, or the issuance of any
license or permit by, any federal, state, local or foreign court or governmental or regulatory agency, commission, board, authority or body with any self-regulatory organization, other non-governmental regulatory authority, securities exchange or association, whether foreign or domestic, is required by the Advisor for the consummation by the Advisor of the transactions to be performed by the Advisor or the performance by the Advisor of all the
material terms and provisions to be performed by or on behalf of it in each case as contemplated in this Agreement or the Investment Management Agreement, except such as (i) have been obtained or (ii) the failure to obtain would not
reasonably be expected to have a Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) The Advisor (A) has not taken, directly or indirectly, any action designed to cause or to result in, or
that has constituted or which might reasonably be expected to constitute, the stabilization or manipulation of the price of any security of the Fund

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to facilitate the issuance of the Rights or the sale or resale of the Rights and the Shares, (B) has not since the filing of the Registration Statement sold, bid for or purchased, or paid anyone any compensation for soliciting purchases of, Common Shares of the Fund (except for the solicitation of exercises of the Rights pursuant to this Agreement) and (C) will not, until the later of the expiration of the Rights or the completion of the distribution (within the meaning of the anti-manipulation rules under the Exchange Act) of the Shares, sell, bid for or purchase, pay or agree to pay any person any compensation for soliciting another to purchase any other securities of the Fund (except for the solicitation of exercises of the Rights pursuant to this Agreement); <u>provided</u> that any action in connection with the Dividend Reinvestment Plan will not be deemed to be within the terms of this Section 1(b)(vii). <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) The Advisor has adopted and implemented written policies and procedures under Rule 206(4)-7 under the Advisers Act reasonably designed to prevent violation of the Advisers Act by the Advisor and its supervised persons.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) The Advisor owns or possesses, or can acquire on reasonable terms, the Intellectual Property necessary to
act as investment adviser for the Fund as contemplated in the Prospectus, the Registration Statement and the Investment Management Agreement, and the Advisor has not received any notice or is not otherwise aware of any infringement of or conflict
with asserted rights of others with respect to any Intellectual Property or of any facts or circumstances which would render any Intellectual Property invalid or inadequate to protect the interest of the Advisor, except for that which if determined
to be invalid or inadequate would not reasonably be expected to have a Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) The Advisor or, to the knowledge of the Advisor, any other person associated with or acting on behalf of the
Advisor, including, without limitation, any director, officer, agent or employee of the Advisor, has not, directly or indirectly, while acting on behalf of the Advisor (A) used any corporate funds for unlawful contributions, gifts,
entertainment or other unlawful expenses relating to political activity; (B) made any unlawful payment to foreign or domestic government officials or employees or to foreign or domestic political parties or campaigns from corporate funds;
(C) violated any provision of the FCPA; or (D) made any other unlawful payment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi) The operations of the Advisor are and have been conducted at all times in compliance with applicable Money
Laundering Laws and no action, suit or proceeding by or before any court or governmental agency, authority or body or any arbitrator involving the Advisor with respect to the Money Laundering Laws is, to the knowledge of the Advisor, pending or
threatened.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xii) Neither the Advisor nor, to the knowledge of the Advisor, any member, director, officer, agent, employee or
affiliate (as defined in Rule 405 under the Securities Act) of the Advisor is currently subject to any U.S. sanctions administered by OFAC; and the Advisor will not directly or indirectly direct the proceeds of the offering, or lend, contribute or
otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity, for the purpose of financing the activities of any person currently subject to any U.S. sanctions administered by OFAC.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiii) The Advisor has the financial resources available to it necessary for the performance of its services and
obligations as contemplated by the Registration Statement, the Prospectus and the Investment Management Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiv) The Investment Management Agreement is in full force and effect and neither the Fund nor the Advisor is in
default thereunder, and no event has occurred which with the passage of time or the giving of notice or both would constitute a default by the Advisor under such document.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xv) All information furnished by the Advisor, including, without limitation, the description of the Advisor, for
use in (A) the Registration Statement does not contain any untrue statement of a material fact or omit to state any material fact necessary to make such information not misleading, and (B) the Prospectus does not contain any untrue
statement of a material fact or omit to state any material fact necessary to make such information, in the light of the circumstances under which such statements were made, not misleading.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Any certificate required by this Agreement that is signed by any officer of the Fund or the Advisor and
delivered to the Dealer Manager or counsel for the Dealer Manager shall be deemed a representation and warranty by the Fund or the Advisor, as the case may be, to the Dealer Manager, as to the matters covered thereby.

2. <u>Agreement to Act as Dealer Manager</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) On the basis of the representations and warranties contained herein, and subject to the terms and conditions
of the Offer:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The Fund hereby appoints the Dealer Manager to solicit the exercise of Rights and authorizes the Dealer
Manager to sell Shares purchased by the Dealer Manager from the Fund through the exercise of Rights as described herein in accordance with the Securities Act, the Investment Company Act and the Exchange Act; the Fund hereby authorizes the Dealer
Manager to form and manage a group of selling broker-dealers (each, a " <u>Selling Group Member</u> " and collectively, the " <u>Selling Group</u> ") that enter into a Selling Group Agreement with the Dealer Manager in the form
attached hereto as Exhibit A to solicit the exercise of Rights and to sell Shares purchased by the Selling Group Member from the Dealer Manager as described herein. The Dealer Manager hereby agrees to solicit the exercise of Rights in accordance
with its customary practice subject to the terms and conditions of this Agreement, the procedures described in the Registration Statement and the Prospectus; and the Dealer Manager hereby agrees to form and manage the Selling Group to solicit the
exercise of Rights and to sell Shares to the Selling Group purchased by the Dealer Manager from the Fund through the exercise of Rights as described herein in accordance with its customary practice subject to the terms and conditions of this
Agreement, the procedures described in the Registration Statement, the Prospectus and, where applicable, the terms and conditions of the Selling Group Agreement.

The Fund hereby authorizes other soliciting broker-dealers (each a "<u>Soliciting Dealer</u>" and collectively the "<u>Soliciting Dealers</u>") to enter into a Soliciting Dealer Agreement with the Dealer Manager in the form attached hereto as Exhibit B to solicit the exercise of Rights. The Fund authorizes and directs the Dealer Manager <br>

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to enter into, and the Dealer Manager agrees to enter into, a Soliciting Dealer Agreement with each qualified Soliciting Dealer, as set forth in the Soliciting Dealer Agreement. All questions as to the form, validity and eligibility (including time of receipt) of a Soliciting Dealer Agreement will be determined by the Fund, in its sole discretion, which determination shall be final and binding. <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) The Fund hereby authorizes the Dealer Manager to buy, facilitate the sale of and exercise Rights, including
unexercised Rights delivered to the Subscription Agent for resale and Rights of Record Date Shareholders whose record addresses are outside the United States held by the Subscription Agent for which no instructions are received, on the terms and
conditions set forth in such Prospectus, and to sell Shares to the public or to Selling Group Members at the offering price set by the Dealer Manager from time to time. Sales of Shares by the Dealer Manager or Selling Group Members shall not be at a
price higher than the offering price set by the Dealer Manager from time to time. The proceeds from the sale of Rights will be remitted to the Record Date Shareholders as set forth in the Prospectus.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) To the extent permitted by applicable law, the Fund agrees to furnish, or cause to be furnished, to the
Dealer Manager, lists, or copies of those lists, showing the names and addresses of, and number of Common Shares held by, Record Date Shareholders as of the Record Date, and the Dealer Manager agrees to use such information only in connection with
the Offer, and not to furnish the information to any other person except for securities brokers and dealers that have been identified by the Dealer Manager as soliciting exercises of Rights.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Dealer Manager agrees to provide to the Fund, in addition to the services described in
Section 2(a), financial structuring and solicitation services in connection with the Offer. No advisory fee, other than the fees provided for in Section 3 of this Agreement and the reimbursement of the Dealer Manager's out-of-pocket expenses as described in Section 5 of this Agreement, will be payable by the Fund, or any other party hereto, to the Dealer Manager in connection with the
financial structuring and solicitation services provided by the Dealer Manager pursuant to this Section 2(c).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Fund and the Dealer Manager agree that the Dealer Manager is an independent contractor with respect to
the solicitation of the exercise of the Rights, and that the Dealer Manager's performance of financial structuring and solicitation services for the Fund is pursuant to a contractual relationship created solely by this Agreement entered into
on an arm's length basis, and in no event do the parties intend that the Dealer Manager act or be responsible as a fiduciary to the Fund, its management, shareholders, creditors or any other person, including Selling Group Members and
Soliciting Dealers, in connection with any activity that the Dealer Manager may undertake or has undertaken in furtherance of its engagement pursuant to this Agreement, either before or after the date hereof. The Dealer Manager hereby expressly
disclaims any fiduciary or similar obligations to the Fund, either in connection with the transactions contemplated by this Agreement or any matters leading up to such transactions, and the Fund hereby confirms its understanding and agreement to
that effect. The Fund and Dealer Manager agree that they are each responsible for making their own independent judgments with respect to any such transactions, and that any opinions or views expressed by the Dealer Manager to the Fund regarding such
transactions, including but not limited to any opinions or views with respect to the subscription price or market for the Fund's Shares, do not constitute advice or recommendations to the Fund. The Fund confirms its understanding and agreement
that

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pursuant to the applicable Selling Group Agreement or Soliciting Dealer Agreement each Selling Group Member or Soliciting Dealer will disclaim any fiduciary or similar obligations to the Fund, either in connection with the transactions contemplated by this Agreement or any matters leading up to such transactions. The Fund agrees that each Selling Group Member or Soliciting Dealer is responsible for making their own independent judgments with respect to such transactions, and that any opinions or views expressed by the Selling Group Members or Soliciting Dealers to the Fund regarding such transactions, including, but not limited to, any opinions or views with respect to the subscription price or market for the Fund's Shares, do not constitute advice or recommendations to the Fund. The Fund hereby waives and releases, to the fullest extent permitted by law, any claims that the Fund may have against the Dealer Manager, Selling Group Members and Soliciting Dealers with respect to any breach or alleged breach of any fiduciary or similar duty to the Fund in connection with the transactions contemplated by this Agreement or any matters leading up to such transactions; <u>provided</u> that this release shall not protect or purport to protect the Dealer Manager, Selling Group Members and Soliciting Dealers against any liability to which they would otherwise be subject by reason of willful misfeasance, bad faith or gross negligence, in the performance of their duties, or by reason of their reckless disregard of their obligations and duties under this Agreement. <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) In rendering the services contemplated by this Agreement, the Dealer Manager will not be subject to any
liability to the Fund or the Advisor or any of their affiliates, for any act or omission on the part of any Selling Group Members, Soliciting Dealers or other soliciting broker or dealer (except with respect to the Dealer Manager acting in such
capacity) or any other person, and the Dealer Manager will not be liable for acts or omissions in performing its obligations under this Agreement, except for any losses, claims, damages, liabilities and expenses that are finally judicially
determined to have resulted primarily from the bad faith, willful misconduct or gross negligence or reckless disregard of the Dealer Manager or by reason of the reckless disregard of the obligations and duties of the Dealer Manager under this
Agreement.

3. <u>Dealer Manager Fees</u>. In full payment for the financial structuring and solicitation services rendered
and to be rendered hereunder by the Dealer Manager, the Advisor, and not the Fund, agrees to pay the Dealer Manager a fee (the " <u>Dealer Manager Fee</u> ") equal to 3.50% of the portion of the aggregate Subscription Price for the Shares
issued pursuant to the exercise of Rights and the Over-Subscription Privilege not exceeding $150,000,000 and 2.75% of the portion of the aggregate Subscription Price exceeding $150,000,000. In full payment for the soliciting efforts to be rendered,
the Dealer Manager agrees to reallow selling fees (the " <u>Selling Fees</u> ") to Selling Group Members equal to 2.00% of the Subscription Price per Share for each Share issued pursuant to either (a) the exercise of Rights and the
Over-Subscription Privilege where such Selling Group Member is so designated on the subscription form or (b) the purchase for resale from the Dealer Manager in accordance with the Selling Group Agreement. With respect to Shares purchased by a
Selling Group Member from the Dealer Manager in accordance with the Selling Group Agreement, such fee may from time to time vary from 2.00% of the Subscription Price per Share. In full payment for the soliciting efforts to be rendered by Soliciting
Dealers, the Fund authorizes and directs the Dealer Manager to reallow, and the Dealer Manager agrees to reallow, soliciting fees (the " <u>Soliciting Fees</u> ") to Soliciting Dealers who comply with the procedures set forth in the
Soliciting Dealer Agreement equal to 0.50% of the Subscription Price per Share for each Share issued pursuant to the exercise of Rights and the Over-Subscription Privilege where such Soliciting Dealer is so designated on the subscription form,
subject to a maximum fee based on the number of Common Shares held by such Soliciting Dealer through The Depository Trust Company on the Record Date. The Dealer Manager agrees to pay the Selling Fees or Soliciting Fees, as the case

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may be, to the broker-dealer designated on the applicable portion of the form used by the holder to exercise Rights and the Over-Subscription Privilege, and if no broker-dealer is so designated or a broker-dealer is otherwise not entitled to receive compensation pursuant to the terms of the Selling Group Agreement or Soliciting Dealer Agreement, then the Dealer Manager shall retain such Selling Fee or Soliciting Fee for Shares issued pursuant to the exercise of Rights and the Over-Subscription Privilege. Payment to the Dealer Manager by the Advisor will be in the form of a wire transfer of same day funds to an account or accounts identified by the Dealer Manager. Such payment will be made on each date on which the Fund issues Shares after the Expiration Date. Payment to a Selling Group Member or Soliciting Dealer will be made by the Dealer Manager directly to such Selling Group Member or Soliciting Dealer by wire to an account identified by such broker-dealer. Such payments shall be made on or before the tenth business day following the day the Fund issues Shares after the Expiration Date. <br>

4. <u>Other Agreements</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Fund covenants with the Dealer Manager as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The Fund will use its best efforts to cause the Registration Statement to become effective and maintain its
effectiveness under the Securities Act, and will advise the Dealer Manager promptly as to the time at which the Registration Statement and any amendments thereto (including any post-effective amendment) becomes so effective.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) The Fund will notify, and confirm the notice in writing to, the Dealer Manager immediately (A) of the
effectiveness of the Registration Statement and any amendment thereto (including any post-effective amendment), (B) of the receipt of any comments from the Commission, (C) of any request by the Commission for any amendment to the Registration
Statement or any amendment or supplement to the Prospectus or for additional information, (D) of the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement or the initiation of any proceedings
for that purpose and (E) of the receipt of any written notice regarding the suspension of the qualification of the Shares or the Rights for offering or sale in any jurisdiction. The Fund will make every effort to prevent the issuance of any
stop order described in subsection (D) hereunder and, if any such stop order is issued, to obtain the lifting thereof at the earliest possible moment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) The Fund will give the Dealer Manager notice of its intention to file any amendment to the Registration
Statement (including any post-effective amendment) or any amendment or supplement to the Prospectus (including any revised prospectus which the Fund proposes for use by the Dealer Manager in connection with the Offer, which differs from the
prospectus on file at the Commission at the time the Registration Statement becomes effective, whether or not such revised prospectus is required to be filed pursuant to Rule 424(b) of the Securities Act Rules and Regulations), whether pursuant to
the Investment Company Act, the Securities Act, or otherwise, and will furnish the Dealer Manager with copies of any such amendment or supplement a reasonable amount of time prior to such proposed filing or use, as the case may be, and will not file
any such amendment or supplement to which the Dealer Manager or counsel for the Dealer Manager shall reasonably object.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) The Fund will, without charge, deliver to the Dealer Manager, as soon as practicable, the number of copies
(one of which is manually executed) of the Registration Statement as originally filed and of each amendment thereto as it may reasonably request, in each case with the exhibits filed therewith.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) The Fund will, without charge, furnish to the Dealer Manager, from time to time during the period when the
Prospectus is required to be delivered under the Securities Act, such number of copies of the Prospectus (as amended or supplemented) as the Dealer Manager may request for the purposes contemplated by the Securities Act or the Securities Act Rules
and Regulations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) If any event shall occur as a result of which it is necessary, in the reasonable opinion of counsel for the
Dealer Manager, to amend or supplement the Registration Statement or the Prospectus (or the other Offering Materials) to make the Prospectus (or such other Offering Materials) not contain an untrue statement of material fact or omit to state a
material fact required to be stated therein or necessary in order to make the statements therein not misleading in the light of the circumstances existing at the time it is delivered to a Record Date Shareholder, the Fund will forthwith amend or
supplement the Prospectus by preparing and filing with the Commission (and furnishing to the Dealer Manager a reasonable number of copies of) an amendment or amendments of the Registration Statement or an amendment or amendments of or a supplement
or supplements to the Prospectus (in form and substance reasonably satisfactory to counsel for the Dealer Manager), at the Fund's expense, which will amend or supplement the Registration Statement or the Prospectus (or otherwise will amend or
supplement such other Offering Materials) so that the Prospectus (or such other Offering Materials) will not contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary in order to make
the statements therein, in the light of the circumstances existing at the time the Prospectus (or such other Offering Materials) is delivered to a Record Date Shareholder, not misleading.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) The Fund will endeavor, in cooperation with the Dealer Manager and its counsel, to qualify the Rights and
the Shares for offering and sale under the applicable securities laws of such states and other jurisdictions of the United States as the Dealer Manager may designate and maintain such qualifications in effect for the duration of the Offer. The Fund
will file such statements and reports as may be required by the laws of each jurisdiction in which the Rights and the Shares have been qualified as above provided.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) The Fund will make generally available to its security holders, as soon as practicable, an earnings
statement (which need not be audited) (in form complying with the provisions of Rule 158 of the Securities Act Rules and Regulations) covering a twelve-month period beginning not later than the first day of the Fund's fiscal semi-annual period
next following the "effective" date (as defined in said Rule 158) of the Registration Statement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) For a period of 180 days from the date of this Agreement, the Fund will not, without the prior consent of
the Dealer Manager, offer or sell, or enter into any agreement to sell, any equity or equity related securities of the Fund or securities convertible into such securities, other than the Rights and the Shares and the Common Shares issued in
reinvestment of dividends or distributions.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) The Fund will cause the Rights to be admitted for trading and the Shares to be duly authorized for listing
by the NYSE prior to the time the Rights and the Shares are issued, respectively.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi) The Fund intends to maintain its qualification as a regulated investment company under Subchapter M of the
Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xii) The Fund will apply the net proceeds from the Offer in such a manner as to continue to comply with the
requirements of the Prospectus as set forth under "Use of Proceeds" and the Investment Company Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiii) The Fund will advise or cause the Subscription Agent (A) to advise the Dealer Manager and, only where
specifically noted, each Selling Group Member who specifically requests, from day to day during the period of, and promptly after the termination of, the Offer, as to the names and addresses of all Record Date Shareholders exercising Rights, the
total number of Rights exercised by each Record Date Shareholder during the immediately preceding day, indicating the total number of Rights verified to be in proper form for exercise, rejected for exercise and being processed and, for the Dealer
Manager and each Selling Group Member, the number of Rights exercised on subscription certificates indicating the Dealer Manager or such Selling Group Member, as the case may be, as the broker-dealer with respect to such exercise, and as to such
other information as the Dealer Manager may reasonably request; and will notify the Dealer Manager and each Selling Group Member, not later than 5:00 p.m., New York City time, on the first business day following the Expiration Date, of the
total number of Rights exercised and Shares related thereto, the total number of Rights verified to be in proper form for exercise, rejected for exercise and being processed and, for the Dealer Manager and each Selling Group Member, the number of
Rights exercised on subscription certificates indicating the Dealer Manager or such Selling Group Member, as the case may be, as the broker-dealer with respect to such exercise, and as to such other information as the Dealer Manager may reasonably
request; (B) to offer to sell any Rights received for resale from Record Date Shareholders, including clients of Selling Group Members, exclusively to or through the Dealer Manager, which may, at its election, purchase such Rights as principal
or act as agent for the resale thereof, provided that if the Dealer Manager declines to purchase the Rights received by the Subscription Agent for resale from Record Date Shareholders, the Subscription Agent will attempt to sell such Rights in the
open market; and (C) to issue Shares upon the Dealer Manager's exercise of Rights prior to the Expiration Date at the price set forth in the Prospectus, such Shares to be issued no later than the close of business on the business day
following the day that full payment for such Shares has been received by the Subscription Agent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Neither the Fund nor the Advisor will take, directly or indirectly, any action designed to cause or to
result in, or that has constituted or which might reasonably be expected to constitute, the stabilization or manipulation of the price of any security of the Fund to facilitate the issuance of the Rights or the sale or resale of the Rights or the
Shares; <u>provided</u> that any action in connection with the Dividend Reinvestment Plan will not be deemed to be within the meaning of this Section 4(b).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Except as required by applicable law, the use of any reference to the Dealer Manager in any Offering
Materials or any other document or communication prepared, approved or

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authorized by the Fund or the Advisor in connection with the Offer is subject to the prior approval of the Dealer Manager, provided that if such reference to the Dealer Manager is required by applicable law, the Fund and the Advisor agree to notify the Dealer Manager within a reasonable time prior to such use but the Fund and the Advisor are nonetheless permitted to use such reference. <br>

5. <u>Payment of Expenses</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Advisor, and not the Fund, will pay all expenses incident to the performance of the Fund's
obligations under this Agreement and in connection with the Offer, including, but not limited to, (i) expenses relating to the printing and filing of the Registration Statement as originally filed and of each amendment thereto,
(ii) expenses relating to the preparation, issuance and delivery of the certificates, if any, for the Shares and subscription certificates relating to the Rights, (iii) the fees and disbursements of the Fund's counsel (including the
fees and disbursements of local counsel) and accountants, (iv) expenses relating to the qualification of the Rights and the Shares under securities laws in accordance with the provisions of Section 4(a)(vii) of this Agreement, including
filing fees, (v) expenses relating to the printing or other production and delivery to the Dealer Manager of copies of the Registration Statement as originally filed and of each amendment thereto and of the Prospectus and any amendments or
supplements thereto, (vi) the fees and expenses incurred with respect to filing with FINRA, including the fees and disbursements of the Dealer Manager's counsel with respect thereto, (vii) the fees and expenses incurred in connection
with the listing of the Rights and the Shares on the NYSE, (viii) expenses relating to the printing or other production, mailing and delivery expenses incurred in connection with Offering Materials, including, subject to Section 5(b), all
reasonable out-of-pocket fees and expenses, if any and not to exceed $150,000, incurred by the Dealer Manager, Selling Group Members, Soliciting Dealers and other
brokers, dealers and financial institutions in connection with their customary mailing and handling of materials related to the Offer to their customers, upon proper presentation of documentation therefor, (ix) the fees and expenses incurred
with respect to the Subscription Agent and the Information Agent and (x) all other fees and expenses (excluding the announcement, if any, of the Offer in <u>The Wall Street Journal</u>) incurred in connection with or relating to the Offer. The
Advisor, and not the Fund, agrees to pay the foregoing expenses whether or not the transactions contemplated under this Agreement are consummated.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) In addition to any fees that may be payable to the Dealer Manager under this Agreement, the Advisor, and not
the Fund, agrees to reimburse the Dealer Manager upon request made from time to time for a portion of its reasonable expenses incurred in connection with its activities under this Agreement, including the reasonable fees and disbursements of its
legal counsel (excluding fees and expenses pursuant to Section 5(a)(iv) which are to be paid directly by the Advisor, and not the Fund), upon proper presentation of documentation therefor, in an amount not to exceed $150,000, which amount shall
be inclusive of the reasonable out-of-pocket fees and expenses borne pursuant to Section 5(a)(viii).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) If this Agreement is terminated by the Dealer Manager in accordance with the provisions of Section 6 or
Section 9(a), the Advisor, and not the Fund, agrees to reimburse the Dealer Manager for all of its reasonable out-of-pocket expenses incurred in connection with its
performance hereunder, including the reasonable fees and disbursements of counsel for the Dealer Manager. In the event the transactions contemplated hereunder are not consummated, the Advisor, and not the Fund, agrees to pay all of the costs and
expenses

------

set forth in Sections 5(a) and (b), which the Advisor, and not the Fund, would have paid if such transactions had been consummated.

6. <u>Conditions of the Dealer Manager's Obligations</u>. The obligations of the Dealer Manager hereunder
(including any obligation to pay for Shares issuable upon exercise of Rights by the Dealer Manager) are subject to the accuracy of the respective representations and warranties of the Fund and the Advisor contained herein, to the performance by the
Fund and the Advisor of their respective obligations hereunder, and to the following further conditions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Registration Statement shall have become effective not later than 5:30 p.m., New York City time, on the
Record Date, or at such later time and date as may be approved in writing by the Dealer Manager; the Prospectus and any amendment or supplement thereto shall have been filed with the Commission in the manner and within the time period required by
Rule 424(b) under the Securities Act; no stop order suspending the effectiveness of the Registration Statement or any amendment thereto shall have been issued, no revocation of registration has been issued and no proceedings for that purpose
shall have been instituted or threatened or, to the knowledge of the Fund, the Advisor or the Dealer Manager, shall be contemplated by the Commission; and the Fund shall have complied with any request of the Commission for additional information (to
be included in the Registration Statement, the Prospectus or otherwise).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) On the Representation Date and the Expiration Date, the Dealer Manager shall have received:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The opinions, dated the Representation Date and the Expiration Date, as applicable, of Simpson
Thacher & Bartlett LLP, special counsel for the Fund, in the form of Exhibit C to this Agreement and in substance satisfactory to counsel for the Dealer Manager, and of Venable LLP, special Maryland counsel for the Fund, in the form of
Exhibit D to this Agreement and in substance satisfactory to counsel for the Dealer Manager.

In rendering such opinion, such counsel may rely as to matters of fact, to the extent they deem proper, on certificates of responsible officers of the Fund and public officials.

Such counsel shall also have stated that, while they have not themselves checked the accuracy and completeness of or otherwise verified, and are not passing upon and assume no responsibility for the accuracy or completeness of, the statements contained in the Registration Statement or the Prospectus, in the course of their review and discussion of the contents of the Offering Materials and Registration Statement with certain officers and/or employees of the Fund, the Advisor and the Fund's independent registered public accounting firm, no facts have come to their attention which cause them to believe that the Registration Statement, on the date it became effective, contained an untrue statement of a material fact or omitted to state any material fact required to be stated therein or necessary to make the statements contained therein not misleading or that the Prospectus, as of its date and on the Representation Date or the Expiration Date, as the case may be, contained an untrue statement of a material fact or omitted to state any material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading (except that such counsel need not express any statement or belief with respect to the <br>

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financial statements, schedules or other financial data included or incorporated by reference in the Registration Statement or Prospectus or omitted therefrom).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) The opinion, dated the Representation Date and the Expiration Date, as applicable, of Francis C. Poli,
general counsel for the Advisor, in the form of Exhibit E to this Agreement and in substance satisfactory to counsel for the Dealer Manager.

In rendering such opinion, such counsel has relied as to matters of fact, to the extent they deem proper, on certificates of responsible officers of the Advisor and public officials.

Such counsel shall also have stated that, while they have not themselves checked the accuracy and completeness of or otherwise verified, and are not passing upon and assume no responsibility for the accuracy or completeness of, the statements contained in the Registration Statement or the Prospectus, in the course of their review and discussion of the contents of the Offering Materials and Registration Statement with certain officers and/or employees of the Fund, the Advisor and the Fund's independent registered public accounting firm, no facts have come to their attention which cause them to believe that the statements in the Registration Statement that relate solely to the Advisor, on the date it became effective, contained an untrue statement of a material fact or omitted to state any material fact required to be stated therein or necessary to make the statements contained therein not misleading or that the statements in the Prospectus that relate solely to the Advisor, as of its date and on the Representation Date or the Expiration Date, as the case may be, contained an untrue statement of a material fact or omitted to state any material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading (except that such counsel need not express any statement or belief with respect to the financial statements, schedules or other financial data included or incorporated by reference in the Registration Statement or Prospectus or omitted therefrom). <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Dealer Manager shall have received from Dechert LLP, counsel for the Dealer Manager, such opinion or
opinions, dated the Representation Date and the Expiration Date, with respect to the Offer, the Registration Statement, the Prospectus and other related matters as the Dealer Manager may reasonably require, and the Fund shall have furnished to such
counsel such documents as they reasonably request for the purpose of enabling them to pass upon such matters.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Fund shall have furnished to the Dealer Manager certificates of the Fund, signed on behalf of the Fund
by the President or other senior officer of the Fund, dated the Representation Date and the Expiration Date, to the effect that the signer(s) of such certificate carefully examined the Registration Statement, the Prospectus, any supplement to the
Prospectus and this Agreement and that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the representations and warranties of the Fund in this Agreement are true and correct on and as of the
Representation Date or the Expiration Date, as the case may be, with the same effect as if made on the Representation Date or the Expiration Date, as the case may be, and the Fund has complied with all the agreements and satisfied all the conditions
on its part to be performed or satisfied

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at or prior to the Representation Date or the Expiration Date, as the case may be (to the extent not waived in writing by the Dealer Manager);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) no stop order suspending the effectiveness of the Registration Statement has been issued, no revocation of
registration has been issued and no proceedings for that purpose have been instituted or threatened by the Commission or any other regulatory body, whether foreign or domestic;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) since the date of the most recent statement of assets and liabilities included or incorporated by reference
in the Prospectus, there has been no material adverse change, or any development involving a prospective material adverse change, in the condition (financial or other), business, management, properties, net worth or results of operations of the Fund
(excluding fluctuations in the Fund's net asset value due to investment activities in the ordinary course of business), except as set forth in or contemplated in the Prospectus; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) the Fund has performed all of its respective obligations that this Agreement requires it to perform by such
Representation Date (to the extent not waived in writing by the Dealer Manager).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The Advisor shall have furnished to the Dealer Manager certificates of the Advisor, signed on behalf of the
Advisor by a senior officer dated the Representation Date and the Expiration Date, to the effect that the signer(s) of such certificate carefully examined the Registration Statement, the Prospectus, any supplement to the Prospectus and this
Agreement and that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the representations and warranties of the Advisor in this Agreement are true and correct on and as of the
Representation Date or the Expiration Date, as the case may be, with the same effect as if made on the Representation Date or the Expiration Date, as the case may be, and the Advisor has complied with all the agreements and satisfied all the
conditions on its part to be performed or satisfied at or prior to the Representation Date or the Expiration Date, as the case may be (to the extent not waived in writing by the Dealer Manager);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) no order having adverse effect on the ability of the Advisor to fulfill its obligations under this Agreement
or the Investment Management Agreement, as the case may be, has been issued and no proceedings for any such purpose are pending or threatened by the Commission or any other regulatory body, whether foreign or domestic;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) since the date of the most recent statement of assets and liabilities included or incorporated by reference
in the Prospectus, there has been no material adverse change, or any development involving a prospective material adverse change, in the condition (financial or other), business, management, properties, net worth or results of operations of the Fund
(excluding fluctuations in the Fund's net asset value due to investment activities in the ordinary course of business), except as set forth in or contemplated in the Prospectus; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) the Advisor has performed all of its respective agreements that this Agreement requires it to perform by
such Representation Date (to the extent not waived in writing by the Dealer Manager).

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) The Dealer Manager shall have received letters from PricewaterhouseCoopers LLP, dated the Representation
Date and the Expiration Date, in form and substance satisfactory to the Dealer Manager, containing the statements and information of the type ordinarily included in accountants' "comfort letters" to underwriters with respect to the
financial statements and other financial information included in the Prospectus.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Subsequent to the respective dates as of which information is given in the Registration Statement and the
Prospectus (excluding an amendment or supplement subsequent to the Representation Date), (i) there shall not have been any change, increase or decrease specified in the letter or letters referred to in Section 6(f), (ii) no material adverse
change, or any development involving a prospective material adverse change, in the condition (financial or other), business, management, properties, net worth or results of operations of the Fund shall have occurred or become known and (iii) no
transaction which is material and adverse to the Fund shall have been entered into by the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Prior to the Representation Date, the Fund shall have furnished to the Dealer Manager such further
information, certificates and documents as the Dealer Manager may reasonably request.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) If any of the conditions specified in this Section 6 shall not have been fulfilled when and as provided
in this Agreement, or if any of the opinions and certificates mentioned above or elsewhere in this Agreement shall not be reasonably satisfactory in form and substance to the Dealer Manager and its counsel, this Agreement and all obligations of the
Dealer Manager hereunder may be canceled at, or at any time prior to, the Expiration Date by the Dealer Manager. Notice of such cancellation shall be given to the Fund in writing or by telephone confirmed in writing.

7. <u>Indemnity and Contribution</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Each of the Fund and the Advisor, jointly and severally, agrees to indemnify, defend and hold harmless the
Dealer Manager, each Selling Group Member and each Soliciting Dealer, and their respective partners, directors, officers, employees, agents and affiliates and any person who controls the Dealer Manager, a Selling Group Member and or a Soliciting
Dealer within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act, and the successors and assigns of all of the foregoing persons, from and against any loss, damage, expense, liability or claim (including the
reasonable cost of investigation) which, jointly or severally, the Dealer Manager, a Selling Group Member, a Soliciting Dealer or any such person may incur under the Securities Act, the Exchange Act, the Investment Company Act, the Advisers Act,
common law or otherwise, insofar as such loss, damage, expense, liability or claim arises out of or is based upon any untrue statement or alleged untrue statement of a material fact contained in the Registration Statement (or in the Registration
Statement as amended by any post-effective amendment thereof by the Fund) or in a Prospectus (the term " <u>Prospectus</u> " for the purpose of this Section 7 being deemed to include any preliminary prospectus, the Offering Materials,
the Prospectus and the Prospectus as amended or supplemented by the Fund), or arises out of or is based upon any omission or alleged omission to state a material fact required to be stated in either such Registration Statement or Prospectus or
necessary to make the statements made therein, in the light of the circumstances under which they were made, not misleading, except insofar as any such loss, damage, expense, liability or claim arises out of or is based upon any untrue statement or
omission or alleged untrue statement or omission of a material fact contained in and in conformity with information furnished in writing by or on behalf of the

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Dealer Manager to the Fund or the Advisor expressly for use with reference to the Dealer Manager, Selling Group Members or Soliciting Dealers in such Registration Statement or such Prospectus.

If any action, suit or proceeding (together, a "<u>Proceeding</u>") is brought against the Dealer Manager, a Selling Group Member, a Soliciting Dealer or any such person in respect of which indemnity may be sought against the Fund or the Advisor pursuant to the foregoing paragraph, the Dealer Manager, a Selling Group Member, a Soliciting Dealer or such person shall promptly notify the Fund and the Advisor in writing of the institution of such Proceeding and the Fund shall assume the defense of such Proceeding, including the employment of counsel reasonably satisfactory to such indemnified party and payment of all reasonable fees and expenses; <u>provided</u>, <u>however</u>, that the failure to so notify the Fund and the Advisor shall not relieve the Fund from any liability which the Fund or the Advisor may have to the Dealer Manager, a Selling Group Member, a Soliciting Dealer or any such person or otherwise, unless such omission results in the forfeiture of substantive rights or defenses by the indemnifying party. The Dealer Manager, a Selling Group Member, a Soliciting Dealer or such person shall have the right to employ its or their own counsel in any such case, but the fees and expenses of such counsel shall be at the expense of the Dealer Manager, a Selling Group Member, a Soliciting Dealer or of such person unless the employment of such counsel shall have been authorized in writing by the Fund or the Advisor, as the case may be, in connection with the defense of such Proceeding or the Fund or the Advisor shall not have, within a reasonable period of time in light of the circumstances, employed counsel to have charge of the defense of such Proceeding or such indemnified party or parties shall have reasonably concluded (based on advice from counsel) that there may be defenses available to it or them which are different from, additional to or in conflict with those available to the Fund or the Advisor (in which case the Fund or the Advisor shall not have the right to direct the defense of such Proceeding on behalf of the indemnified party or parties, but the Fund or the Advisor may employ counsel and participate in the defense thereof, but the fees and expenses of such counsel shall be at the expense of the Fund or the Advisor, as the case may be), in any of which events the reasonable fees and expenses shall be borne by the Fund or the Advisor and paid as incurred in any one Proceeding or series of related Proceedings in the same jurisdiction representing the indemnified parties who are parties to such Proceeding (provided that the Fund or the Advisor shall not be liable for the expenses of more than one separate counsel in connection with any one Proceeding or series of related Proceedings). Neither the Fund nor the Advisor shall be liable for any settlement of any Proceeding effected without its written consent, but if a Proceeding is settled with the written consent of the Fund or the Advisor, then the Fund or the Advisor, as the case may be, agrees to indemnify and hold harmless the Dealer Manager, a Selling Group Member, a Soliciting Dealer and any such person from and against any loss or liability by reason of such settlement. Notwithstanding the foregoing sentence, if at any time an indemnified party shall have requested an indemnifying party to reimburse the indemnified party for fees and expenses of counsel as contemplated by the second sentence of this paragraph, then the indemnifying party agrees that it shall be liable for any settlement of any Proceeding effected without its written consent if (i) such settlement is entered into more than 60 business days after receipt by such indemnifying party of the aforesaid request, (ii) such indemnifying party shall not have reimbursed the indemnified party in accordance with such request prior to the date of such settlement and (iii) such indemnified party shall have given the indemnifying party at least 30 days' prior notice of its intention to settle. No indemnifying party shall, without the prior written consent of the indemnified party, effect any settlement of any pending or threatened Proceeding in respect of which any indemnified party is or could have been a <br>

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party and indemnity could have been sought hereunder by such indemnified party, unless such settlement includes an unconditional release of such indemnified party from all liability on claims that are the subject matter of such Proceeding and does not include an admission of fault, culpability or a failure to act, by or on behalf of such indemnified party unless such indemnified party gives written consent to such admission of fault, culpability or a failure to act. <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Dealer Manager agrees to indemnify, defend and hold harmless the Fund and the Advisor, and their
respective trustees, directors and officers, employees, agents and affiliates, and any person who controls the Fund or the Advisor, within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act, and the
successors and assigns of all of the foregoing persons to the same extent as the foregoing indemnity from the Fund or the Advisor to the Dealer Manager, from and against any loss, damage, expense, liability or claim (including the reasonable cost of
investigation) which, jointly or severally, the Fund, the Advisor or any such person may incur under the Securities Act, the Exchange Act, the Investment Company Act, the Advisers Act, the common law or otherwise, insofar as such loss, damage,
expense, liability or claim arises out of or is based upon any untrue statement or alleged untrue statement of a material fact contained in and in conformity with information furnished in writing by or on behalf of the Dealer Manager to the Fund or
the Advisor expressly for use with reference to the Dealer Manager in the Registration Statement (or in the Registration Statement as amended by any post-effective amendment thereof by the Fund) or in a Prospectus, or arises out of or is based upon
any omission or alleged omission to state a material fact in connection with such information required to be stated in such Registration Statement or such Prospectus or necessary to make such information not misleading (with respect to the
Prospectus, in the light of the circumstances under which they were made).

If any Proceeding is brought against the Fund, the Advisor or any such person in respect of which indemnity may be sought against the Dealer Manager pursuant to the foregoing paragraph, the Fund, the Advisor or such person shall promptly notify the Dealer Manager in writing of the institution of such Proceeding and the Dealer Manager shall assume the defense of such Proceeding, including the employment of counsel reasonably satisfactory to such indemnified party and payment of all reasonable fees and expenses; <u>provided</u>, <u>however</u>, that the omission to so notify the Dealer Manager shall not relieve the Dealer Manager from any liability which the Dealer Manager may have to the Fund or any such person or otherwise, unless such omission results in the forfeiture of substantive rights or defenses by the indemnifying party. The Fund, the Advisor or such person shall have the right to employ its own counsel in any such case, but the fees and expenses of such counsel shall be at the expense of the Fund, the Advisor or such person, as the case may be, unless the employment of such counsel shall have been authorized in writing by the Dealer Manager in connection with the defense of such Proceeding or such Dealer Manager shall not have, within a reasonable period of time in light of the circumstances, employed counsel to have charge of the defense of such Proceeding or such indemnified party or parties shall have reasonably concluded (based on advice from counsel) that there may be defenses available to it or them which are different from or additional to or in conflict with those available to the Dealer Manager (in which case the Dealer Manager shall not have the right to direct the defense of such Proceeding on behalf of the indemnified party or parties, but the Dealer Manager may employ counsel and participate in the defense thereof but the fees and expenses of such counsel shall be at the expense of the Dealer Manager), in any of which events the reasonable fees and expenses shall be borne by the Dealer Manager and paid as incurred in any one Proceeding or series of related Proceedings in the <br>

------

same jurisdiction representing the indemnified parties who are parties to such Proceeding. The Dealer Manager shall not be liable for any settlement of any such Proceeding effected without the written consent of the Dealer Manager but if settled with the written consent of the Dealer Manager, the Dealer Manager agrees to indemnify and hold harmless the Fund, the Advisor and any such person from and against any loss or liability by reason of such settlement. Notwithstanding the foregoing sentence, if at any time an indemnified party shall have requested an indemnifying party to reimburse the indemnified party for fees and expenses of counsel as contemplated by the second sentence of this paragraph, then the indemnifying party agrees that it shall be liable for any settlement of any Proceeding effected without its written consent if (i) such settlement is entered into more than 60 business days after receipt by such indemnifying party of the aforesaid request, (ii) such indemnifying party shall not have reimbursed the indemnified party in accordance with such request prior to the date of such settlement and (iii) such indemnified party shall have given the indemnifying party at least 30 days' prior notice of its intention to settle. No indemnifying party shall, without the prior written consent of the indemnified party, effect any settlement of any pending or threatened Proceeding in respect of which any indemnified party is or could have been a party and indemnity could have been sought hereunder by such indemnified party, unless such settlement includes an unconditional release of such indemnified party from all liability on claims that are the subject matter of such Proceeding and does not include an admission of fault, culpability or a failure to act, by or on behalf of such indemnified party unless such indemnified party gives written consent to such admission of fault, culpability or a failure to act. <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) If the indemnification provided for in this Section 7 is unavailable to an indemnified party under
subsections (a) and (b) of this Section 7 in respect of any losses, damages, expenses, liabilities or claims referred to therein, then each applicable indemnifying party, in lieu of indemnifying such indemnified party, shall contribute to
the amount paid or payable by such indemnified party as a result of such losses, damages, expenses, liabilities or claims (i) in such proportion as is appropriate to reflect the relative benefits received by the Fund or the Advisor on the one
hand and the Dealer Manager, Selling Group Member(s) or Soliciting Dealer(s) on the other hand from the offering of the Shares or (ii) if the allocation provided by clause (i) above is not permitted by applicable law, in such proportion as
is appropriate to reflect not only the relative benefits referred to in clause (i) above but also the relative fault of the Fund or the Advisor on the one hand and of the Dealer Manager on the other in connection with the statements or
omissions which resulted in such losses, damages, expenses, liabilities or claims, as well as any other relevant equitable considerations with respect to the Offer. The relative benefits received by the Fund or the Advisor on the one hand and the
Dealer Manager, Selling Group Member(s) or Soliciting Dealer(s) on the other shall be deemed to be in the same respective proportions as the total proceeds from the Offer (net of the Dealer Manager Fee but before deducting expenses) received by the
Fund or the Advisor and the total Dealer Manager Fee received by the Dealer Manager, bear to the aggregate public offering price of the Shares. The relative fault of the Fund or the Advisor on the one hand and of the Dealer Manager, Selling Group
Member(s) or Soliciting Dealer(s) on the other shall be determined by reference to, among other things, whether the untrue statement or alleged untrue statement of a material fact or omission or alleged omission relates to information supplied by
the Fund or the Advisor or the Dealer Manager and the parties' relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. The amount paid or payable by a party as a result of the losses,
damages, expenses, liabilities and claims referred to in this subsection shall be deemed to include any legal or other fees or expenses reasonably

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incurred by such party in connection with investigating, preparing to defend or defending any Proceeding.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Fund, the Advisor and the Dealer Manager agree that it would not be just and equitable if contribution
pursuant to this Section 7 were determined by pro rata allocation or by any other method of allocation that does not take account of the equitable considerations referred to in subsection (c) above. Notwithstanding the provisions of this
Section 7, neither the Dealer Manager nor any Selling Group Member or Soliciting Dealer shall be required to contribute any amount in excess of the fees received by it. No person guilty of fraudulent misrepresentation (within the meaning of
Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Notwithstanding any other provisions in this Section 7, no party shall be entitled to indemnification
or contribution under this Agreement against any loss, claim, liability, expense or damage arising by reason of such person's willful misfeasance, bad faith or gross negligence in the performance of its duties hereunder or by reason of such
person's reckless disregard of such person's obligations and duties thereunder. The parties hereto acknowledge that the foregoing provision shall not be construed to impose upon any such parties any duties under this Agreement other than
as specifically set forth herein (it being understood that the Dealer Manager, Selling Group Members and Soliciting Dealers have no duty hereunder to the Fund or the Advisor to perform any due diligence investigation).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) The indemnity and contribution agreements contained in this Section 7 and the covenants, warranties and
representations of the Fund and the Advisor contained in this Agreement shall remain in full force and effect regardless of any investigation made by or on behalf of the Dealer Manager, a Selling Group Member, a Soliciting Dealer, and their
respective partners, directors or officers or any person (including each partner, officer or director of such person) who controls the Dealer Manager, a Selling Group Member or a Soliciting Dealer within the meaning of Section 15 of the
Securities Act or Section 20 of the Exchange Act, or by or on behalf of the Fund or the Advisor, their directors or officers or any person who controls the Fund or the Advisor within the meaning of Section 15 of the Securities Act or
Section 20 of the Exchange Act, and shall survive any termination of this Agreement or the issuance and delivery of the Rights. The Fund, the Advisor and the Dealer Manager agree promptly to notify each other of the commencement of any
Proceeding against it and, in the case of the Fund or the Advisor against any of their officers or directors in connection with the issuance of the Rights, or in connection with the Registration Statement or Prospectus.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) The Fund and the Advisor acknowledge that the statements under the heading "Plan of
Distribution" in the Prospectus constitute the only information furnished in writing to the Fund or the Advisor by the Dealer Manager expressly for use in such document, and the Dealer Manager confirms that such statements are correct in all
material respects.

8. <u>Representations, Warranties and Agreements to Survive Delivery</u>. The respective agreements,
representations, warranties, indemnities and other statements of the Fund or its officers, of the Advisor and of the Dealer Manager set forth in or made pursuant to this Agreement shall survive the Expiration Date and will remain in full force and
effect, regardless of any investigation made by or on behalf of Dealer Manager or the Fund or the Advisor or any of their officers, directors or controlling persons referred to in Section 7 hereof, and will survive delivery of and payment for

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the Shares pursuant to the Offer. The provisions of Sections 5 and 7 hereof shall survive the termination or cancellation of this Agreement.

9. <u>Termination of Agreement</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The obligations of the Dealer Manager hereunder shall be subject to termination in the absolute discretion
of the Dealer Manager, by notice given to the Fund prior to 5:00 p.m., New York time on the Expiration Date, if (A) since the time of execution of this Agreement or the earlier respective dates as of which information is given in the
Registration Statement and the Prospectus, there has been any material adverse change, or any development involving a prospective material adverse change, in the condition (financial or otherwise), business, management, properties, net worth or
results of operations of the Fund, which would in the Dealer Manager's judgment, make it impracticable or inadvisable to proceed with the Offer on the terms and manner contemplated in the Registration Statement and the Prospectus, or
(B) since the time of execution of this Agreement, there shall have occurred: (i) a suspension or material limitation in trading in securities generally on the NYSE, NYSE American or the NASDAQ Stock Market; (ii) a suspension or
material limitation in trading in the Fund's Common Shares or in the Rights on the NYSE; (iii) a general moratorium on commercial banking activities declared by either federal or New York State authorities or a material disruption in
commercial banking or securities settlement or clearance services in the United States; (iv) a material adverse change in the financial or securities markets in the United States or the international financial markets; (v) acts of
terrorism or a material outbreak or escalation of hostilities involving the United States or a declaration by the United States of a national emergency or war; or (vi) any other calamity or crisis or any change in financial, political,
economic, currency, banking or social conditions in the United States, if the effect of any such event specified in clause (v) or (vi) in the Dealer Manager's judgment makes it impracticable or inadvisable to proceed with the Offer on the
terms and in the manner contemplated in the Registration Statement and the Prospectus.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) If this Agreement is terminated pursuant to this Section, such termination shall be without liability of any
party to any other party except as provided in Section 5 and the Dealer Manager shall not have any obligation to purchase any Shares upon exercise of Rights.

10. <u>Notices</u>. All communications hereunder will be in writing and effective only on receipt, and, if sent
to the Dealer Manager, will be mailed, delivered or telegraphed and confirmed to UBS Securities LLC, 11 Madison Avenue, New York, New York 10010, Attn: Ari Derman and, if to the Fund or the Advisor, shall be sufficient in all respects if delivered
or sent to the Fund or the Advisor at Cohen & Steers Capital Management, Inc., 1166 Avenue of the Americas, New York, New York 10036, Attn: General Counsel.

11. <u>Successors and Assigns</u>. This Agreement will inure to the benefit of and be binding upon the parties
hereto and their respective successors and assigns and will inure to the benefit of the officers and directors and controlling persons referred to in Section 7 hereof, and no other person will have any right or obligation hereunder.

12. <u>Applicable Law</u>. This Agreement will be governed by and construed in accordance with the laws of the
State of New York.

13. <u>Submission to Jurisdiction</u>. Except as set forth below, no claim (a " <u>Claim</u> ") which
relates to the terms of this Agreement or the transactions contemplated hereby may be commenced, prosecuted or continued in any court other than the courts of the State of New York located in the City and

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County of New York or in the United States District Court for the Southern District of New York, which courts shall have jurisdiction over the adjudication of such matters, and each of the Fund and the Advisor consents to the jurisdiction of such courts and personal service with respect thereto. Each of the Fund and the Advisor hereby consents to personal jurisdiction, service and venue in any court in which any Claim arising out of or in any way relating to this Agreement is brought by any third party against the Dealer Manager or any indemnified party. Each of the Dealer Manager, the Fund (on its behalf and, to the extent permitted by applicable law, on behalf of its shareholders and affiliates) and the Advisor (on its behalf and, to the extent permitted by applicable law, on behalf of its shareholders and affiliates) waive all right to trial by jury in any action, proceeding or counterclaim (whether based upon contract, tort or otherwise) in any way arising out of or relating to this Agreement. Each of the Fund and the Advisor agrees that a final judgment in any such action, proceeding or counterclaim brought in any such court shall be conclusive and binding upon the Fund or the Advisor, as the case may be, and may be enforced in any other courts in the jurisdiction of which the Fund or the Advisor is or may be subject, by suit upon such judgment. <br>

14. <u>Counterparts</u>. This Agreement may be executed in one or more counterparts, each of which shall be
deemed to be an original, but all of which together shall constitute one and the same instrument.

[*Signature Pages Follow*]

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If the foregoing is in accordance with your understanding of our agreement, please so indicate in the space provided below for that purpose, whereupon this letter shall constitute a binding agreement among the Fund, the Advisor and the Dealer Manager.

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| |
|:---|
| Very truly yours, |
| COHEN & STEERS QUALITY INCOME REALTY FUND, INC. |
| By:  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Name: |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Title: |
| COHEN & STEERS CAPITAL MANAGEMENT, INC. |
| By: |
| Name: |
| Title: |
| By: |
| Name: |
| Title: |

---

[*Signature Page to Dealer Manager Agreement*]

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| |
|:---|
|  The foregoing Agreement is hereby confirmed<br> and accepted as of the date first above written.<br>UBS SECURITIES LLC |
|  By:  |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Name: |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Title: |
|  By:  |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Name: |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Title: |

---

[*Signature Page to Dealer Manager Agreement*]

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Exhibit A

COHEN & STEERS QUALITY INCOME REALTY FUND, INC.

44,839,181 Shares of Common Stock

Issuable Upon Exercise of Transferable Rights

to Subscribe for Such Shares

SELLING GROUP AGREEMENT

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;New York, New York

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [●], 2026

UBS Securities LLC

11 Madison Avenue

New York, New York 10010

Ladies and Gentlemen:

We understand that Cohen & Steers Quality Income Realty Fund, Inc., a Maryland corporation (the "<u>Fund</u>"), proposes to issue to holders of record (the "<u>Record Date Shareholders</u>") as of the close of business on the record date (the "<u>Record Date"</u>) set forth in the Fund's Prospectus (as defined in the Dealer Manager Agreement (the "<u>Dealer Manager Agreement</u>") dated June 18, 2026 among the Fund, Cohen & Steers Capital Management, Inc. (the "<u>Advisor</u>"), and UBS Securities LLC as the dealer manager (the "<u>Dealer Manager</u>")) transferable rights entitling such Record Date Shareholders to subscribe for up to 44,839,181 shares (each, a "<u>Share</u>," and collectively, the "<u>Shares</u>") of common stock, par value $0.001 per share (the "<u>Common Shares</u>"), of the Fund (the "<u>Offer</u>"). Pursuant to the terms of the Offer, the Fund is issuing each Record Date Shareholder one transferable right (each, a "<u>Right</u>," and collectively, the "<u>Rights</u>") for each Common Share held by such Record Date Shareholder on the Record Date. Such Rights entitle their holders to acquire during the subscription period set forth in the Prospectus (the "<u>Subscription Period</u>"), at the price set forth in such Prospectus (the "<u>Subscription Price</u>"), one Share for each three Rights exercised (1-for-3) (except that any Record Date Shareholder who is issued fewer than three Rights will be able to subscribe for one full Share pursuant to the primary subscription), on the terms and conditions set forth in such Prospectus. No fractional shares will be issued. Any Record Date Shareholder who fully exercises all Rights initially issued to such Record Date Shareholder (other than those Rights that cannot be exercised because they represent the right to acquire less than one Share) will be entitled to subscribe for, subject to allocation, additional Shares (the "<u>Over-Subscription Privilege</u>") on the terms and conditions set forth in such Prospectus. The Rights are transferable and are expected to be admitted for trading on the New York Stock Exchange under the symbol "RQI RT."

We further understand that the Fund has appointed UBS Securities LLC to act as the dealer manager (the "<u>Dealer Manager</u>") in connection with the Offer and has authorized the Dealer Manager to form and manage a group of broker-dealers (each, a "<u>Selling Group Member</u>," and collectively, the "<u>Selling Group</u>") to solicit the exercise of Rights and to sell Shares purchased by the Dealer Manager from the Fund through the exercise of Rights.

We hereby express our interest in participating in the Offer as a Selling Group Member.

We hereby agree with you as follows:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. We have received and reviewed the Prospectus relating to the Offer and we understand that additional copies
of the Prospectus (or of the Prospectus as it may be subsequently supplemented or amended, if applicable) and any other solicitation materials authorized by the Fund relating to the Offer (" <u>Offering Materials</u> ") will be supplied to
us in reasonable quantities upon our request therefor to you. We agree that we will not use any solicitation material other than the Prospectus (as supplemented or amended, if applicable) and such Offering Materials and we agree not to make any
representation, oral or written, to any shareholders or prospective shareholders of the Fund that are not contained in the Prospectus, unless previously authorized to do so in writing by the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. From time to time during the Subscription Period commencing on June 18, 2026 and ending at 5:00 p.m.,
New York City time, on the Expiration Date (the term " <u>Expiration Date</u> " means July 15, 2026 unless and until the Fund shall, in its sole discretion, have extended the period for which the Offer is open, in which event the term
"Expiration Date" with respect to the Offer will mean the latest time and date on which the Offer, as so extended by the Fund, will expire), we may solicit the exercise of Rights in connection with the Offer. We will be entitled to
receive fees in the amounts and at the times described in Section 4 of this Selling Group Agreement with respect to Shares purchased pursuant to the exercise of Rights and with respect to which Computershare Trust Company, N.A. and
Computershare Inc. (together, the " <u>Subscription Agent</u> ") has received, no later than 5:00 p.m., New York City time, on the Expiration Date, either (i) a properly completed and executed Subscription Certificate identifying
us as the broker-dealer having been instrumental in the exercise of such Rights, and full payment for such Shares, or (ii) a Notice of Guaranteed Delivery guaranteeing to the Subscription Agent by the close of business of the first business day
after the Expiration Date a properly completed and duly executed Subscription Certificate, similarly identifying us, and full payment for such Shares. We understand that we will not be paid these fees with respect to Shares purchased pursuant to an
exercise of Rights for our own account or for the account of any of our affiliates. We also understand and agree that we are not entitled to receive any fees in connection with the solicitation of the exercise of Rights other than pursuant to the
terms of this Selling Group Agreement and, in particular, that we will not be entitled to receive any fees under the Fund's Soliciting Dealer Agreement. We agree to solicit the exercise of Rights in accordance with the Securities Act of 1933,
as amended (the " <u>Securities Act</u> "), the Securities Exchange Act of 1934, as amended (the " <u>Exchange Act</u> "), the Investment Company Act of 1940, as amended, and the rules and regulations under each such Act,
any applicable securities laws of any state or jurisdiction where such solicitations may be lawfully made, the applicable rules and regulations of any self-regulatory organization or registered national securities exchange and customary practice and
subject to the terms of the Subscription Agent Agreement between the Fund and the Subscription Agent and the procedures described in the Fund's registration statement on Form N-2 (File Nos. 333-296589 and 811-10481), allowing for delayed offerings pursuant to Rule 415 under the rules and regulations of the Commission under the Securities Act, as amended (the
" <u>Registration Statement</u> "). For the avoidance of doubt and without limiting the foregoing, we acknowledge and agree that the Dealer Manager has no responsibility for compliance by any person other than the Dealer Manager and its
affiliated purchasers ("Affiliated Purchasers"), as that term is defined in Rule 100 of Regulation M ("Regulation M") under the Exchange Act, with Regulation M, including with respect to all bids for, purchases of, or
attempts to induce any person to bid for or purchase, including any solicitation of, the Rights or Shares.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. From time to time during the Subscription Period, we may indicate interest in purchasing Shares from the
Dealer Manager. We understand that from time to time the Dealer Manager intends to offer Shares obtained or to be obtained by the Dealer Manager through the exercise of Rights to Selling Group Members who have so indicated interest at prices which
shall be determined by the Dealer Manager (the " <u>Offering Price</u> "). We agree that, with respect to any such Shares purchased by us from the Dealer Manager, the sale of such Shares to us shall be irrevocable, and we will offer them
to the public at the Offering Price at which we purchase them from the Dealer Manager. Shares not sold by us at such Offering Price may be offered by us after the next succeeding Offering Price is set at the latest Offering Price set by the Dealer
Manager. The Dealer Manager agrees that, if requested by any Selling Group Member, and subject to applicable law, the Dealer Manager will set a new Offering Price prior to 4:00 p.m., New York City time, on any business day. We agree to advise the
Dealer Manager from time to time upon request, prior to the termination of this Selling Group Agreement, of the number of Shares remaining unsold which were purchased by us from the Dealer Manager and, upon the Dealer Manager's request, we
will resell to the Dealer Manager any of such Shares remaining unsold at the purchase price thereof if in the Dealer Manager's opinion such Shares are needed to make delivery against sales made to other Selling Group Members. Any shares
purchased hereunder from the Dealer Manager shall be subject to regular way settlement through the facilities of The Depository Trust Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. We understand that you will remit to us on or before the tenth business day following the day the Fund
issues Shares after the Expiration Date, following receipt by you from the Fund of the Dealer Manager Fee (as defined in the Dealer Manager Agreement), a fee (the " <u>Selling Fee</u> ") equal to 2.00% of the Subscription Price per Share
for (A) each Share issued pursuant to the exercise of Rights or the Over-Subscription Privilege pursuant to each Subscription Certificate upon which we are designated, as certified to you by the Subscription Agent, as a result of our
solicitation efforts in accordance with Section 2 and (B) each Share sold by the Dealer Manager to us in accordance with Section 3 less any Shares resold to the Dealer Manager in accordance with Section 3. We understand that with
respect to each Share sold by the Dealer Manager to us in accordance with Section 3 less any Shares resold to the Dealer Manager in accordance with Section 3, such fee may from time to time vary from 2.00% of the Subscription Price per
Share. Your only obligation with respect to payment of the Selling Fee to us is to remit to us amounts owing to us and actually received by you from the Fund. Except as aforesaid, you shall be under no liability to make any payments to us pursuant
to this Selling Group Agreement. We also understand that the Fund and the Advisor have agreed to indemnify us pursuant to the terms set forth in the Dealer Manager Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. We agree that you, as Dealer Manager, have full authority to take such action as may seem advisable to you
in respect of all matters pertaining to the Offer. You are authorized to approve on our behalf any amendments or supplements to the Registration Statement or the Prospectus.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. We represent that we are a member in good standing of the Financial Industry Regulatory Authority, Inc.
(" <u>FINRA</u> ") and, in making sales of Shares, agree to comply with all applicable rules of FINRA including, without limitation, FINRA Rules 2040, 5130 and 5141. We understand that no action has been taken by you or the Fund to
permit the solicitation of the exercise of Rights or the sale of Shares in any jurisdiction (other than the United States) where action would be required for such purpose. We agree that we will not, without your approval in advance, buy, sell, deal
or trade in, on a when-issued basis

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or otherwise, the Rights or the Shares or any other option to acquire or sell Shares for our own account or for the accounts of customers, except as provided in Sections 2 and 3 hereof and except that we may buy or sell Rights or Shares in brokerage transactions on unsolicited orders which have not resulted from activities on our part in connection with the solicitation of the exercise of Rights and which are executed by us in the ordinary course of our brokerage business. We will keep an accurate record of the names and addresses of all persons to whom we give copies of the Registration Statement, the Prospectus, any preliminary prospectus (or any amendment or supplement thereto) or any Offering Materials and, when furnished with any subsequent amendment to the Registration Statement and any subsequent prospectus, we will, upon your request, promptly forward copies thereof to such persons. <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. We expressly disclaim any fiduciary or similar obligations to the Fund, either in connection with the
transactions contemplated by the Dealer Manager Agreement or any matters leading up to such transactions, and understand that pursuant to the Dealer Manager Agreement the Fund has confirmed its understanding and agreement with respect to such
disclaimer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. Nothing contained in this Selling Group Agreement will constitute the Selling Group Members partners with
the Dealer Manager or with one another or create any association between those parties, or will render the Dealer Manager or the Fund liable for the obligations of any Selling Group Member. The Dealer Manager will be under no liability to make any
payment to any Selling Group Member other than as provided in Section 4 of this Selling Group Agreement, and will be subject to no other liabilities to any Selling Group Member, and no obligations of any sort will be implied. We agree to
indemnify and hold harmless the Fund, the Advisor, you and each other Selling Group Member and each person, if any, who controls you and any such Selling Group Member within the meaning of either Section 15 of the Securities Act or
Section 20 of the Exchange Act, against loss or liability caused by any breach by us of the terms of this Selling Group Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. We agree to pay any transfer taxes which may be assessed and paid on account of any sales or transfers for
our account.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. All communications to you relating to the Offer will be addressed to: UBS Securities LLC, 11 Madison Avenue,
New York, New York 10010, Attn: Ari Derman.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. This Selling Group Agreement will be governed by the internal laws of the State of New York.

[*Signature Page Follows*]

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A signed copy of this Selling Group Agreement will be promptly returned to the Selling Group Member at the address set forth below.

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| |
|:---|
| Very truly yours, |
| UBS SECURITIES LLC |
|  By:  |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Name: |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Title: |
|  By:  |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Name: |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Title: |

---

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| | |
|:---|:---|
| PLEASE COMPLETE THE INFORMATION BELOW |  |
| Printed Firm Name | Address |
| Contact at Selling Group Member |  |
| Authorized Signature |  |
| Name and Title | Area Code and Telephone Number |
| DTC Number | Facsimile Number |
| Dated: |  |

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Payment of the Selling Fee shall be wired to the

following account:

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Exhibit B

COHEN & STEERS QUALITY INCOME REALTY FUND, INC.

44,839,181 Shares of Common Stock

Issuable Upon Exercise of Transferable Rights

to Subscribe for Such Shares

SOLICITING DEALER AGREEMENT

THE OFFER WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME,

JULY 15, 2026 UNLESS EXTENDED

New York, New York

[●], 2026

To Securities Dealers and Brokers:

Cohen & Steers Quality Income Realty Fund, Inc., a Maryland corporation (the "<u>Fund</u>"), is issuing to its shareholders of record ("<u>Record Date Shareholders</u>") as of the close of business on June 18, 2026 (the "<u>Record Date</u>") transferable rights ("<u>Rights</u>") to subscribe for an aggregate of up to 44,839,181 shares (the "<u>Shares</u>") of common stock, par value $0.001 per share (the "<u>Common Shares</u>"), of the Fund upon the terms and subject to the conditions set forth in the Fund's Prospectus (the "<u>Offer</u>"). Each such Record Date Shareholder is being issued one Right for each full Common Share owned on the Record Date. Such Rights entitle their holders to acquire during the Subscription Period (as hereinafter defined) at the Subscription Price (as hereinafter defined) one Share for each three Rights exercised (1-for-3) (except that any Record Date Shareholder who is issued fewer than three Rights will be able to subscribe for one full Share pursuant to the primary subscription), on the terms and conditions set forth in such Prospectus. No fractional shares will be issued. Any Record Date Shareholder who fully exercises all Rights initially issued to such Record Date Shareholder (other than those Rights that cannot be exercised because they represent the right to acquire less than one Share) will be entitled to subscribe for, subject to allocation, additional Shares (the "<u>Over-Subscription Privilege</u>") on the terms and conditions set forth in such Prospectus. The Rights are transferable and are expected to be admitted for trading on the New York Stock Exchange ("<u>NYSE</u>") under the symbol "RQI RT."

The subscription price per Common Share (the "<u>Subscription Price</u>") will be determined based upon a formula equal to 92.5% of the average of the last reported sale price of a Common Share on the NYSE on the Expiration Date (as defined below), and each of the four (4) preceding trading days (the "<u>Formula Price</u>"). If, however, the Formula Price is less than 90% of the average of the Fund's net asset value ("<u>NAV</u>") per Common Share at the close of trading on the NYSE on the Expiration Date and each of the four (4) preceding trading days, then the Subscription Price will be 90% of the average of the Fund's NAV per Common Share at the close of trading on the NYSE on the Expiration Date and each of the four (4) preceding trading days. The Subscription Period will commence on June 18, 2026 and end at 5:00 p.m., New York City time on the Expiration Date (the term "<u>Expiration Date</u>" means July 15, 2026 unless and until the Fund shall, in its sole discretion, have extended the period for which the Offer is open, in which event the term "Expiration Date" with respect to the Offer will mean the latest time and date on which the Offer, as so extended by the Fund, will expire).

For the duration of the Offer, the Fund has authorized and directed the Dealer Manager (as hereinafter defined) to reallow, and the Dealer Manager has agreed to reallow, a fee to any qualified broker

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or dealer executing a Soliciting Dealer Agreement who solicits the exercise of Rights and the Over-Subscription Privilege in connection with the Offer and who complies with the procedures described below (a "<u>Soliciting Dealer</u>"). Upon timely delivery to Computershare Trust Company, N.A. and Computershare Inc., the Fund's Subscription Agent for the Offer (the "<u>Subscription Agent</u>"), of payment for Shares purchased pursuant to the exercise of Rights and the Over-Subscription Privilege and of properly completed and executed documentation as set forth in this Soliciting Dealer Agreement, a Soliciting Dealer will be entitled to receive a fee (the "<u>Soliciting Fee</u>") equal to 0.50% of the Subscription Price per Share so purchased subject to a maximum fee based on the number of Common Shares held by such Soliciting Dealer through The Depository Trust Company ("<u>DTC</u>") on the Record Date; <u>provided</u>, <u>however</u>, that no payment shall be due with respect to the issuance of any Shares until payment therefor is actually received. A qualified broker or dealer is a broker or dealer which is a member of a registered national securities exchange in the United States or the Financial Industry Regulatory Authority, Inc. ("<u>FINRA</u>") or any foreign broker or dealer not eligible for membership who is not making solicitations outside the United States, who is relying on Rule 15a-6 under the Securities Exchange Act of 1934, as amended (the "<u>Exchange Act</u>"), to be exempt from registration in the United States as a broker or dealer, and who agrees to conform to the Rules of FINRA, including, without limitation, FINRA Rules 2040, 5130 and 5141 thereof, in making solicitations in the United States to the same extent as if it were a member thereof.

The Fund has authorized and directed the Dealer Manager to pay, and the Dealer Manager has agreed to pay, the Soliciting Fees payable to the undersigned Soliciting Dealer, and the Fund and the Advisor (as defined below) have agreed to indemnify such Soliciting Dealer on the terms set forth in the Dealer Manager Agreement (the "<u>Dealer Manager Agreement</u>") dated June 18, 2026 among the Fund, Cohen & Steers Capital Management, Inc. (the "<u>Advisor</u>"), and UBS Securities LLC, as the dealer manager (the "<u>Dealer Manager</u>"). Solicitation and other activities by Soliciting Dealers may be undertaken only in accordance with the applicable rules and regulations of the Securities and Exchange Commission and only in those states and other jurisdictions where such solicitations and other activities may lawfully be undertaken and in accordance with the laws thereof. Compensation will not be paid for solicitations in any state or other jurisdiction in which, in the opinion of counsel to the Fund or counsel to the Dealer Manager, such compensation may not lawfully be paid. No Soliciting Dealer shall be paid Soliciting Fees with respect to Shares purchased pursuant to an exercise of Rights and the Over-Subscription Privilege for its own account or for the account of any affiliate of the Soliciting Dealer. No Soliciting Dealer or any other person is authorized by the Fund or the Dealer Manager to give any information or make any representations in connection with the Offer other than those contained in the Prospectus and other authorized solicitation material furnished by the Fund through the Dealer Manager. No Soliciting Dealer is authorized to act as agent of the Fund or the Dealer Manager in any connection or transaction. In addition, nothing herein contained shall constitute the Soliciting Dealers partners with the Dealer Manager or with one another, or agents of the Dealer Manager or of the Fund, or create any association between such parties, or shall render the Dealer Manager or the Fund liable for the obligations of any Soliciting Dealer. The Dealer Manager shall be under no liability to make any payment to any Soliciting Dealer, and shall be subject to no other liabilities to any Soliciting Dealer, and no obligations of any sort shall be implied.

In order for a Soliciting Dealer to receive Soliciting Fees, the Subscription Agent must have received from such Soliciting Dealer no later than 5:00 p.m., New York City time, on the Expiration Date, either (i) a properly completed and duly executed Subscription Certificate with respect to Shares purchased pursuant to the exercise of Rights and the Over-Subscription Privilege and full payment for such Shares or (ii) a Notice of Guaranteed Delivery guaranteeing delivery to the Subscription Agent by close of business on the first business day after the Expiration Date of (A) a properly completed and duly executed Subscription Certificate with respect to Shares purchased pursuant to the exercise of Rights and the Over-Subscription Privilege and (B) full payment for such Shares. Soliciting Fees will only be paid after receipt by the Subscription Agent of a properly completed and duly executed Soliciting Dealer Agreement and a Subscription Certificate designating the Soliciting Dealer in the applicable portion hereof. In the case of a

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Notice of Guaranteed Delivery, Soliciting Fees will only be paid after delivery in accordance with such Notice of Guaranteed Delivery has been effected. Soliciting Fees will be paid by the Fund (through the Subscription Agent) to the Soliciting Dealer by wire to an account designated by the Soliciting Dealer below by the tenth business day following the day the Fund issues Shares after the Expiration Date.

All questions as to the form, validity and eligibility (including time of receipt) of this Soliciting Dealer Agreement will be determined by the Fund, in its sole discretion, which determination shall be final and binding. Unless waived, any irregularities in connection with a Soliciting Dealer Agreement or delivery thereof must be cured within such time as the Fund shall determine. None of the Fund, the Dealer Manager, the Subscription Agent, the Information Agent for the Offer or any other person will be under any duty to give notification of any defects or irregularities in any Soliciting Dealer Agreement or incur any liability for failure to give such notification.

The acceptance of Soliciting Fees from the Fund by the undersigned Soliciting Dealer shall constitute a representation by such Soliciting Dealer to the Fund that: (i) it has received and reviewed the Prospectus; (ii) in soliciting purchases of Shares pursuant to the exercise of the Rights and the Over-Subscription Privilege, it has complied with the applicable requirements of the Exchange Act, the applicable rules and regulations thereunder, any applicable securities laws of any state or jurisdiction where such solicitations were made, and the applicable rules and regulations of any self-regulatory organization or registered national securities exchange; (iii) in soliciting purchases of Shares pursuant to the exercise of the Rights and the Over-Subscription Privilege, it has not published, circulated or used any soliciting materials other than the Prospectus and any other authorized solicitation material furnished by the Fund through the Dealer Manager and has not made any written representations concerning the Fund to any holders or prospective holders of Shares or Rights other than those contained in such materials or otherwise previously authorized in writing by the Fund or otherwise permitted by applicable law; (iv) it has not purported to act as agent of the Fund or the Dealer Manager in any connection or transaction relating to the Offer; (v) the information contained in this Soliciting Dealer Agreement is, to its best knowledge, true and complete; (vi) it is not affiliated with the Fund; (vii) it will not accept Soliciting Fees paid by the Fund pursuant to the terms hereof with respect to Shares purchased by the Soliciting Dealer pursuant to an exercise of Rights and the Over-Subscription Privilege for its own account or the account of any affiliates; (viii) it will not remit, directly or indirectly, any part of Soliciting Fees paid by the Fund pursuant to the terms hereof to any beneficial owner of Shares purchased pursuant to the Offer; and (ix) it has agreed to the amount of the Soliciting Fees and the terms and conditions set forth herein with respect to receiving such Soliciting Fees. For the avoidance of doubt and without limiting clause (ii) of the foregoing sentence, the undersigned Soliciting Dealer acknowledges and agrees that the undersigned Soliciting Dealer is solely responsible for compliance by it and its Affiliated Purchasers with Rule 101 of Regulation M under the Exchange Act, including with respect to all bids for, purchases of, or attempts to induce any person to bid for or purchase, including any solicitation of, the Rights or Shares, and that the Dealer Manager has no responsibility for ensuring that that the Soliciting Dealer's solicitation activities comply with Regulation M. By returning a Soliciting Dealer Agreement and accepting Soliciting Fees, a Soliciting Dealer will be deemed to have agreed to indemnify the Fund, the Advisor and the Dealer Manager against losses, claims, damages and liabilities to which the Fund may become subject as a result of the breach of such Soliciting Dealer's representations made herein and described above. In making the foregoing representations, Soliciting Dealers are reminded of the possible applicability of the anti-manipulation rules under the Exchange Act if they have bought, sold, dealt in or traded in any Shares for their own account since the commencement of the Offer. By returning a Soliciting Dealer Agreement, the Soliciting Dealer expressly disclaims any fiduciary or similar obligations to the Fund, either in connection with the transactions contemplated by the Dealer Manager Agreement or any matters leading up to such transactions, and understand that pursuant to the Dealer Manager Agreement the Fund has confirmed its understanding and agreement with respect to such disclaimer.

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Upon expiration of the Offer, no Soliciting Fees will be payable to Soliciting Dealers with respect to Shares purchased thereafter.

Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Dealer Manager Agreement or, if not defined therein, in the Prospectus.

This Soliciting Dealer Agreement will be governed by the laws of the State of New York.

Please execute this Soliciting Dealer Agreement below accepting the terms and conditions hereof and confirming that you are a member firm of FINRA or a foreign broker or dealer not eligible for membership who is not making solicitations outside the United States, who is relying on Rule 15a-6 under the Exchange Act to be exempt from registration in the United States, and who has conformed to the Rules of FINRA, including, without limitation, FINRA Rules 2040, 5130 and 5141 thereof, in making solicitations of the type being undertaken pursuant to the Offer in the United States to the same extent as if you were a member thereof, and certifying that you have solicited the purchase of the Shares pursuant to exercise of the Rights and the Over-Subscription Privilege, all as described above, in accordance with the terms and conditions set forth in this Soliciting Dealer Agreement. Please forward two executed copies of this Soliciting Dealer Agreement to: UBS Securities LLC, 11 Madison Avenue, New York, New York 10010, Attn: Ari Derman.

[*Signature Page Follows*]

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A signed copy of this Soliciting Dealer Agreement will be promptly returned to the Soliciting Dealer at the address set forth below.

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| |
|:---|
| Very truly yours, |
| UBS SECURITIES LLC |
|  By:  |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Name: |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Title: |
|  By:  |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Name: |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Title: |

---

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| | |
|:---|:---|
| PLEASE COMPLETE THE INFORMATION BELOW |  |
| Printed Firm Name | Address |
| Contact at Soliciting Dealer |  |
| Authorized Signature |  |
| Name and Title | Area Code and Telephone Number |
| DTC Number | Facsimile Number |
| Dated: |  |

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Payment of the Soliciting Fee shall be wired to the

following account:

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Exhibit C

FORM OF OPINION OF FUND COUNSEL REGARDING THE FUND

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Exhibit D

FORM OF OPINION OF MARYLAND FUND COUNSEL REGARDING THE FUND

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Exhibit E

FORM OF OPINION OF ADVISOR COUNSEL REGARDING THE ADVISOR

## Ex-99.(K)(4)

**Ex. (k)(4)**![LOGO](g110923g0616084604519.jpg)

**Subscription Agent Agreement** 

**Between** 

**Cohen & Steers Quality Income Realty Fund, Inc.** 

**and,** 

**Computershare Trust Company, N.A.,** 

**Computershare Inc.** 

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**THIS SUBSCRIPTION AGENT AGREEMENT** (this "**Agreement**") is entered into as of this 17<sup>th</sup> day of June 2026 (the "**Effective Date**") by

and among

Cohen & Steers Quality Income Realty Fund, Inc., a corporation organized and existing under the laws of the State of Maryland ("**Company**"), Computershare Inc. ("Computershare") a Delaware corporation and its affiliate Computershare Trust Company, N.A., a federally chartered trust company ("Trust Company" and together with Computershare, "Agent").

**SUBSCRIPTION AGENT SERVICES** 

**1. <u>Appointment</u>**

1.1 Company is making an offer (the "**Subscription Offer**") to issue to holders of record of its outstanding shares of common stock, par value $0.001 per share (the "**Common Stock**"), at the close of business on June 18, 2026 (the "**Record Date**"), the right to subscribe for and purchase (each such right, a "**Right**", and collectively, the "**Rights**") shares of common stock (the "**Additional Common Stock**") at a purchase price (the "Subscription Price") determined based on a formula equal to 92.5% of the average of the last reported sales price of a share of Common Stock on the NYSE on the Expiration Time (as defined below), and each of the four (4) preceding trading days (the "**Formula Price**"). If, however, the Formula Price is less than 90% of the average net asset value ("**NAV**") per Common Stock at the close of trading on the NYSE on the Expiration Time and each of the four (4) preceding trading days, then the Subscription Price will be 90% of the average NAV per Common Stock at the close of trading on NYSE on the Expiration Time and each of the four (4) preceding trading days, payable as described on the Subscription Form (as defined below) or any web site established for purposes of effectuating the Subscription Offer. The term "**Subscribed**" shall mean submitted for purchase from Company

Subscription Agent Agreement Page 2

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by a shareholder in accordance with the terms of the Subscription Offer, and the term "**Subscription(s)**" shall mean any such submission. Company hereby appoints Agent to act as subscription agent in connection with the Subscription Offer and Agent hereby accepts such appointment in accordance with and subject to the terms and conditions of this Agreement.

1.2 The Subscription Offer will expire at 5:00 pm, Eastern Time, on July 15, 2026 (the "**Expiration Time**"), unless Company shall have extended the period of time for which the Subscription Offer is open, in which event the term "**Expiration Time**" shall mean the latest time and date at which the Subscription Offer, as so extended by Company from time to time, shall expire.

1.3 Company filed a registration statement relating to the Additional Common Stock with the Securities and Exchange Commission under the Securities Act of 1933, as amended (the "**1933 Act**"), on June 8, 2026, as supplemented or amended by any amendment filed with respect thereto, and such registration statement was automatically effective upon filing. The terms of the Additional Common Stock are more fully described in the prospectus and prospectus supplement forming a part of the registration statement as it was declared effective. All terms used and not defined herein shall have the same meaning(s) as in the prospectus and prospectus supplement.

1.4 Promptly after the Record Date, Company will furnish Agent with, or will instruct Agent, in its capacity as transfer agent for Company, to prepare, a certified list in a format acceptable to Agent of shareholders of record of the Common Stock at the Record Date, including each such shareholder's name, address, taxpayer identification number ("**TIN**"), share amount with applicable tax lot detail, any certificate detail and information regarding any applicable account stops or blocks (the "**Record Shareholders List**").

1.5 No later than the earlier of (i) forty-five (45) days after the Record Date or (ii) January 15 of the year following the year in which the Record Date occurs, Company shall deliver to Agent written direction on the adjustment of cost basis for covered securities by IRS cost basis reporting

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requirements that arise from or are affected by the Subscription Offer in accordance with current Internal Revenue Service regulations (see the Tax Instruction/Cost Basis Information Letter attached hereto as Exhibit A for additional information).

**2. <u>Subscription of Rights</u>**

2.1 The Rights entitle such shareholders to subscribe, upon payment of the Subscription Price, for shares of the Additional Common Stock at the rate of one (1) share for each three (3) Rights (the "**Basic Subscription Privilege**"). No fractional Rights will be issued, but the Subscription Offer includes a step-up privilege entitling holders of fewer than three (3) Rights to subscribe for and pay the Subscription Price for one (1) full share of the Common Stock.

2.2 If subscribing shareholders who exercise their Rights in full are entitled to exercise an oversubscription right, then Company shall provide Agent with instructions regarding the allocation to such shareholders of the Additional Common Stock after the initial allocation thereof.

2.3 Except as otherwise instructed to Agent by Company in writing, all Additional Common Stock delivered hereunder upon the exercise of the Rights will be delivered free of restrictive legends. Company shall, if applicable, inform Agent as soon as possible in advance as to whether any Additional Common Stock issued hereunder is to be issued with restrictive legend(s) and, if so, then Company shall provide appropriate legend(s) and a list identifying affected shareholders, certificate numbers (if applicable) and share amounts for such affected shareholders.

**3. <u>Duties of Subscription Agent</u>** 

3.1 Agent shall issue the Rights in accordance with this Agreement in the names of holders of the Common Stock of record on the Record Date, keep such records as are necessary for the purpose of recording such issuance(s), and furnish a copy of such records to Company.

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3.2 Promptly after Agent receives the Record Shareholders List, Agent shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; deliver or cause to be delivered by first class mail to each shareholder of the Common Stock of record on
the Record Date whose address of record is within the United States of America and Canada, (A) a subscription form with respect to the Rights to which such shareholder is entitled under the Subscription Offer, (B) a copy of the prospectus
and prospectus supplement, (C) a return envelope addressed to Agent and (D) any such other document as Company deems necessary or appropriate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; At the instruction of Company, deliver or cause to be delivered, via first class mail to each shareholder
of record of the Common Stock on the Record Date whose address of record is outside of the United States of America and Canada, or is an A.P.O. or a F.P.O. address, a copy of the prospectus and prospectus supplement. Agent shall refrain from
delivering the Subscription Form to any shareholder of record of the Common Stock on the Record Date whose address of record is outside of the United States of America and Canada, or is an A.P.O. or a F.P.O. address, and hold such Subscription Form
for the account of such shareholder subject to such shareholder making satisfactory arrangements with Agent for the exercise or other disposition of the Rights described therein, and effect the exercise, sale or delivery of such Rights in accordance
with the terms of this Agreement if notice of such arrangements is received at or before 5:00 p.m., Eastern Time, on July 15, 2026. In the event a request to exercise the Rights is received from such shareholder, Agent will consult with Company
for instructions as to the number of shares of the Additional Common Stock, if any, Agent is authorized to issue.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Upon request by Company, Agent shall deliver a copy of the prospectus and prospectus supplement, by first class mail
(i) to each assignee or transferee of the Rights upon receiving appropriate documentation satisfactory to Agent to register the assignment or transfer thereof and (ii) with shares of the

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Additional Common Stock when such are issued to persons other than the registered holder of the Rights.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Agent shall accept Subscriptions upon the due exercise of the Rights (including payment of the Subscription
Price) in physical form or via the dedicated Offer Website, on or prior to the Expiration Time in accordance with the Subscription Form.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; With respect to Subscriptions for shares of Additional Common Stock, Agent shall accept Subscriptions from
persons who were registered holders of Common Stock on the Record Date, without further authorization or direction from Company, without procuring supporting legal papers or other proof of authority to sign (including without limitation proof of
appointment of a fiduciary or other person acting in a representative capacity), and without signatures of co-fiduciaries, co-representatives or any other person;
provided that Agent may accept Subscriptions in accordance with instructions from any Rights holder that elects to subscribe for shares of Additional Common Stock to the extent such shareholder is deemed ineligible to subscribe for shares of
Additional Common Stock:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) If the Right is registered in the name of a fiduciary and the Subscription Form is executed by such fiduciary, provided, that the Additional Common Stock is to be issued in the name of such fiduciary;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) If the Right is registered in the name of joint tenants and the Subscription Form is executed by one of the joint tenants, provided, that the Additional Common Stock is to be issued in the names of such joint tenants; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) If the Right is registered in the name of a corporation and the Subscription Form is executed by a person in a manner which appears or purports to be done in the capacity of an officer or agent thereof, provided,

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that the Additional Common Stock is to be issued in the name of such corporation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Each document or electronic instruction, received by Agent relating to its duties hereunder shall be dated and time
stamped when received at the applicable electronic or physical address(es) as outlined in the applicable offering documents.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Agent shall, absent specific and mutually agreed upon instructions between Agent and Company, follow its
normal and customary procedures with respect to the acceptance or rejection of all Subscriptions received after the Expiration Time. Subscriptions not authorized to be accepted pursuant to this Section 3 and Subscriptions otherwise failing to
comply with the terms and conditions of the Subscription Form will be rejected and returned to the applicable shareholder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Company shall provide an opinion of counsel prior to the Expiration Time to set up a reserve of the
Additional Common Stock. The opinion shall state that all Additional Common Stock, or the transactions in which they are being issued, as applicable, are:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Registered, or subject to a valid exemption from registration, under the 1933 Act, and all appropriate state securities
law filings have been made with respect to the Additional Common Stock, or alternatively, that the shares of Additional Common Stock are "covered securities" under Section 18 of the 1933 Act; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Validly issued, fully paid and non-assessable.

**4. <u>Acceptance of Subscriptions</u>** 

4.1 Following Agent's first receipt of Subscriptions, on each business day, or more frequently if reasonably requested as to major tally figures, forward a report by email to <u>alaskaj@cohenandsteers.com,</u> 

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<u>sfrank@cohenandsteers.com</u>, <u>tvalenti@cohenandsteers.com</u>, <u>saawan.pathange@ubs.com</u>, <u>ari.derman@ubs.com</u> and <u>david.lai@ubs.com</u> (the "**Company Representatives**") as to the following information, based upon a preliminary review (and at all times subject to a final determination by Company) as of the close of business on the preceding business day or the most recent practicable time prior to such request, as the case may be: (i) the total number of shares of the Additional Common Stock Subscribed for; (ii) the total number of the Rights sold; (iii) the total number of the Rights partially Subscribed for; (iv) the amount of funds received; and (v) the cumulative totals in categories (i) through (iv) above.

4.2 As promptly as possible following the Expiration Time, advise the Company Representative by email of (i) the number of shares of the Additional Common Stock Subscribed for and (ii) the number of shares of the Additional Common Stock unsubscribed for.

**5. <u>Deposit of Funds</u>** 

5.1 Upon acceptance of a Subscription, all funds accompanying a Subscription and received by Computershare under this Agreement which are to be held by Computershare in the performance of services hereunder (the "**Funds**") shall be held by Computershare as agent for Company at commercial banks with Tier 1 capital exceeding $1 billion or with an average rating above investment grade by S&P Global Inc. ("S&P") (LT Local Issuer Credit Rating), Moody's Investors Service, Inc. ("Moody's") (Long Term Rating) and Fitch Ratings, Inc. (LT Issuer Default Rating) (each as reported by Bloomberg Finance L.P.). Until paid pursuant to this Agreement, Computershare may hold or invest the Funds through such accounts, upon Company's written instruction, in (A) short-term obligations of the United States of America with maturities of no more than thirty (30) days or guaranteed by the United States of America and backed by the full faith and credit of the United States of America, (B) commercial paper obligations of issuers organized under the law of a state of the United States of America, rated A-1 or P-1 or better by Moody's or S&P, respectively or (C) certificates of deposit, bank repurchase agreements or banker's acceptances of commercial banks with capital exceeding $1 billion; provided that in the case of each of clauses A through C above, no

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such investment shall have a maturity of more than thirty (30) days. Agent shall furnish, upon Company's reasonable request, reports to Company showing the current balances of such accounts. The Funds shall not be used for any purpose that is not expressly provided for in this Agreement.

5.2 Computershare will only draw upon the Funds in such account(s) as required from time to time in order to make payment to Company and any applicable tax withholding payments. Computershare shall have no responsibility or liability for any diminution of the Funds that may result from any deposit or investment made by Computershare in accordance with this Section 5, including any losses resulting from a default by any bank, financial institution or other third party. Computershare may from time to time receive interest, dividends or other earnings in connection with such deposits. Computershare shall not be obligated to pay such interest, dividends or earnings to Company, any holder or any other party.

5.3 Computershare is acting as Agent hereunder and is not a debtor of Company in respect of the Funds.

**6. <u>Completion of Subscription Offer</u>**

6.1 Upon completion of the Subscription Offer, Agent shall request the transfer agent for the Common Stock to issue the appropriate number of shares of the Additional Common Stock as required in order to effectuate the Subscriptions.

6.2 The Rights shall be issued in registered, book-entry form only. Agent shall keep books and records of the registration, transfer and exchange of the Rights (the "**Rights Register**").

6.3 All of the Rights issued upon any registration of transfer or exchange of the Rights shall be the valid obligations of Company, evidencing the same obligations and entitled to the same benefits under this Agreement as the Rights surrendered for such registration of transfer or exchange; provided that until such transfer or exchange is registered in the Rights Register, Company and Agent may treat the registered holder thereof as the owner for all purposes.

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6.4 For so long as this Agreement shall be in effect, Company will reserve for issuance and keep available free from preemptive rights a sufficient number of shares of the Additional Common Stock to permit the exercise in full of all Rights issued pursuant to the Subscription Offer.

6.6 Company shall, from time to time, take all action necessary or appropriate to obtain and keep effective all registrations, permits, consents and approvals of the Securities and Exchange Commission and any other governmental agency or authority and make such filings under federal and state laws, which may be necessary or appropriate in connection with the issuance, sale, transfer and delivery of the Rights or the Additional Common Stock issued upon the exercise of the Rights.

**7. <u>Procedure for Discrepancies</u>** Agent shall follow its regular procedures to attempt to reconcile any discrepancies between the number of shares of Additional Common Stock that any Subscription Form may indicate are to be issued to a shareholder upon the exercise of the Rights and the number that the Record Shareholders List indicates may be issued to such shareholder. In any instance where Agent cannot reconcile such discrepancies by following such procedures, Agent will consult with Company for instructions as to the number of shares of Additional Common Stock, if any, Agent is authorized to issue. In the absence of such instructions, Agent is authorized not to issue any shares of Additional Common Stock to such shareholder and will return to the subscribing shareholder (at Agent's option by either first class mail under a blanket surety bond or insurance protecting Agent and Company from losses or liabilities arising out of the non-receipt or non-delivery of the Subscription

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Form or by registered mail insured separately for the value of the applicable Rights) to such shareholder's address as set forth in the Subscription Form, any Subscription Form delivered to Agent, any other documents delivered therewith and a letter explaining the reason for the return of such documents.

**8. <u>Procedure for Deficient Items</u>** 

8.1 Agent shall examine the Subscription Form(s) received by it as agent to ascertain whether they appear to have been completed and executed in accordance with the Subscription Offer. In the event Agent determines that any Subscription Form does not appear to have been properly completed or executed, or to be in proper form, or any other deficiency in connection with the Subscription Form appears to exist, Agent shall follow, where possible, its regular procedures to attempt to cause such irregularity to be corrected. Agent is not authorized to waive any deficiency in connection with the Subscription, unless Company provides written authorization to waive such deficiency.

8.2 If a Subscription Form specifies that shares of Additional Common Stock are to be issued to a person other than the person in whose name a surrendered Right is registered, Agent will not issue such shares until such Subscription Form has been properly endorsed with the signature guaranteed in a manner acceptable to Agent (or otherwise put in proper form for transfer).

8.3 If any such deficiency is neither corrected nor waived, Agent will return to the subscribing shareholder (at Agent's option by either first class mail under a blanket surety bond or insurance protecting Agent and Company from losses or liabilities arising out of the non-receipt or non-delivery of the Subscription Form or by registered mail insured separately for the value of the applicable Rights) to such shareholder's address as set forth in the Subscription Form, any Subscription Form delivered to Agent, any other documents delivered therewith and a letter explaining the reason for the return of such documents.

**9. <u>Tax Reporting</u>** 

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9.1 Agent shall prepare and file with the appropriate governmental agency and mail to each shareholder, as applicable, all appropriate tax information forms, including, but not limited to, Forms 1099-B, covering payments or any other distributions made by Agent pursuant to this Agreement during each calendar year, or any portion thereof, during which Agent performs services hereunder, as described in Exhibit A attached hereto. Any cost basis or tax adjustments required after the Effective Time will incur additional fees.

9.2 With respect to any surrendering shareholder whose TIN has not been certified as correct, Agent shall deduct and withhold the appropriate backup withholding tax from any payment made to such shareholder pursuant to the Internal Revenue Code.

9.3 Should any issue arise regarding federal income tax reporting or withholding, Agent shall take such reasonable action as Company may reasonably request in writing. Such action may be subject to additional fees.

10. **<u>Unresponsive Payees; Unclaimed Property</u>**

10.1 After the eight (8) month anniversary of the Effective Time, Computershare may cause the performance of a more in-depth search for the purpose of locating unresponsive payees of checks representing any uncashed payments resulting from this Subscription Offer and locating and/or contacting shareholders who have not yet cashed their checks representing overpayment of subscription application funds, which checks are older than 180 days and who have already received the required unresponsive payee notification under Rule 17Ad-17, in each case using the services of a locating service provider selected by Computershare ("Service Provider"), which Service Provider may be an affiliate of Computershare. Such Service Provider may compensate Computershare for processing and other services Computershare provides in connection with such services, including providing Computershare a portion of its fees. Such Service Provider shall inform any such located and/or contacted shareholders that they may choose (I) to contact Computershare directly to receive a check for payment at no charge other than any applicable fees

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contemplated by this Agreement or (II) to utilize the services of such Service Provider for a fee, which may not exceed approximately 10% of the total value of such shareholder's uncashed payment or the maximum statutory fee permitted by the applicable state jurisdiction; provided that such processing fee shall not include or limit applicable fees to replace lost certificates. If Company selects a locating and/or asset reunification service provider other than one selected by Computershare, then Computershare shall not be responsible for the terms of any agreement with such provider and additional fees may apply.

Pursuant to Section 11.9 of this Agreement, the Company hereby authorizes and instructs Computershare to provide to Service Provider on behalf of Computershare or Company pursuant to this Article I, Section 10:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) aggregate data of shareholders who have not cashed their checks representing return of funds related to the Subscription
Offer and Company information, including number of accounts, value of uncashed checks, effective date and type of transaction, second mailing date (if applicable), and information concerning this Section 10, in order for Service Provider to
determine the feasibility of providing locating and/or asset reunification services; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) upon determination by Service Provider that a shareholder locating and/or asset reunification program will be implemented
and after notification of implementation to Company by Computershare (including by e-mail):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; a complete file of shareholders including those with outstanding payments, who have not yet cashed their
checks representing payment of any subscription refund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; preliminary escheatment files of shareholders with uncashed checks (used to block accounts that may not be
serviced under the program based on state unclaimed property laws); and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; view only access to shareholder data (during the time a program is in place) for the limited purposes of
verifying account information and reconciliation for program eligible accounts and to Company information related to the transaction such as the expiration date.

10.2 Agent shall report unclaimed property to each state in compliance with state laws. Agent will charge Company its standard fees plus expenses (including the cost of due diligence mailings) for such services.

**11. <u>Authorizations and Protections</u>** 

As agent for Company hereunder, Agent:

11.1 Shall have no duties or obligations other than those specifically set forth herein or as may subsequently be agreed to in writing by Agent and Company;

11.2 Shall have no obligation to deliver Additional Common Stock unless Company shall have provided a sufficient number of shares of Additional Common Stock to satisfy the exercise of the Rights by shareholders as set forth hereunder;

11.3 Shall be regarded as making no representations and having no responsibilities as to the validity, sufficiency, value, or genuineness of any certificates, if applicable, or the Rights represented thereby surrendered hereunder or the Additional Common Stock issued in exchange therefor, and will not be required to or be responsible for and will make no representations as to, the validity, sufficiency, value or genuineness of the Subscription Offer;

11.4 Shall not be obligated to take any legal action hereunder; if, however, Agent determines to take any legal action hereunder, and where the taking of such action might, in Agent's judgment, subject or expose it

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to any expense or liability, Agent shall not be required to act unless it shall have been furnished with an indemnity satisfactory to it;

11.5 May rely on and shall be fully authorized and protected in acting or failing to act upon any certificate, instrument, opinion, notice, letter, telegram, telex, facsimile transmission or other document or security delivered to Agent and believed by Agent to be genuine and to have been signed by the proper party or parties;

11.6 Shall not be liable or responsible for any recital or statement contained in the Subscription Offer or any other documents relating thereto;

11.7 Shall not be liable or responsible for any failure of Company or any other party to comply with any of its covenants and obligations relating to the Subscription Offer, including without limitation obligations under applicable securities laws;

11.8 Shall not be liable to any holder of the Rights for any Additional Common Stock or dividends thereon or, if applicable, and any related unclaimed property that has been delivered to a public official pursuant to applicable abandoned property law;

11.9 May, from time to time, rely on instructions provided by Company concerning the services provided hereunder. Further, Agent may apply to any officer or other authorized person of Company for instruction and may consult with legal counsel for Agent or Company with respect to any matter arising in connection with the services provided hereunder. Agent and its agents and subcontractors shall not be liable and shall be indemnified by Company under Section 13.2 of this Agreement for any action taken or omitted by Agent in reliance upon any Company instructions or upon the advice or opinion of such counsel. Agent shall not be held to have notice of any change of authority of any person, until receipt of written notice thereof from Company;

11.10 May rely on and be fully authorized and protected in acting or failing to act upon (a) any guaranty of signature by an eligible guarantor institution that is a member or participant in the Securities Transfer Agents

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Medallion Program or other comparable signature guarantee program or insurance program in addition to, or in substitution for, the foregoing; or (b) any law, act, regulation or any interpretation of the same even though such law, act, or regulation may thereafter have been altered, changed, amended or repealed;

11.11 Either in connection with, or independent of the instruction term in Section 11.9, above, Agent may consult counsel satisfactory to Agent (including internal counsel), and the advice of such counsel shall be full and complete authorization and protection in respect of any action taken, suffered or omitted by Agent hereunder in good faith and in reliance upon the advice of such counsel;

11.12 May perform any of its duties hereunder either directly or by or through agents or attorneys and Agent shall not be liable or responsible for any misconduct or negligence on the part of any agent or attorney appointed with reasonable care hereunder; and

11.13 Is not authorized, and shall have no obligation, to pay any brokers, dealers, or soliciting fees to any person.

**12. <u>Representations, Warranties and Covenants</u>** 

12.1 <u>Agent</u>. Agent represents and warrants to Company that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Governance.</u> Trust Company is a federally chartered trust company duly organized, validly existing, and in
good standing under the laws of the United States and Computershare is a corporation duly organized, validly existing, and in good standing under the laws of the State of Delaware and each has full power, authority and legal right to execute,
deliver and perform this Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Compliance with Laws.</u> The execution, delivery and performance of this Agreement by Agent has been duly
authorized by all necessary action, constitutes the legal, valid and binding obligation of Agent enforceable against Agent in accordance with its terms, will not require the consent of any third party that has not been given, and will not violate,
conflict with or result in the

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breach of any material term, condition or provision of (A) any existing law, ordinance, or governmental rule or regulation to which Agent is subject, (B) any judgment, order, writ, injunction, decree or award of any court, arbitrator or governmental or regulatory official, body or authority applicable to Agent, (C) Agent's incorporation documents or by-laws, or (D) any material agreement to which Agent is a party.

12.2 <u>Company</u>. Company represents and warrants to Agent that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Governance.</u> It is a corporation duly organized, validly existing and in good standing under the laws of the
State of Maryland, and it has full power, authority and legal right to enter into and perform this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Compliance with Laws.</u> The execution, delivery and performance of this Agreement by Company has been duly
authorized by all necessary action, constitutes the legal, valid and binding obligation of Company enforceable against Company in accordance with its terms, will not require the consent of any third party that has not been given, and will not
violate, conflict with or result in the breach of any material term, condition or provision of (A) any existing law, ordinance, or governmental rule or regulation to which Company is subject, (B) any judgment, order, writ, injunction,
decree or award of any court, arbitrator or governmental or regulatory official, body or authority applicable to Company, (C) Company's incorporation documents or by-laws, (D) any material
agreement to which Company is a party, or (E) any applicable stock exchange rules;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Securities Laws.</u> Registration statements under the 1933 Act and the Securities Exchange Act of 1934, as
amended (the "**1934 Act**") have been filed and are currently effective, or will be effective prior to the sale of any Additional Common Stock, and will remain so effective, and all appropriate state securities law filings have been
made with respect to all Additional Common Stock being offered for sale, except for any shares of Additional Common Stock which are offered in a transaction or series of transactions which are exempt from the registration requirements

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of the 1933 Act, 1934 Act and state securities laws; Company will immediately notify Agent of any information to the contrary; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Shares.</u> The Additional Common Stock issued and outstanding on the date hereof have been duly authorized, validly
issued and are fully paid and are non-assessable; and any Additional Common Stock to be issued hereafter, when issued, shall have been duly authorized, validly issued and fully paid and will be non-assessable.

**13. <u>Indemnification and Limitation of Liability</u>** 

13.1 <u>Liability</u>. Agent shall only be liable for any loss or damage determined by a court of competent jurisdiction to be a result of Agent's gross negligence or willful misconduct; provided that any liability of Agent will be limited in the aggregate to the amounts paid hereunder by Company to Agent as fees and charges, but not including reimbursable expenses.

13.2 <u>Indemnity</u>. Company shall indemnify and hold Agent harmless from and against, and Agent shall not be responsible for, any and all losses, claims, damages, costs, charges, penalties and related interest, counsel fees and expenses, payments, expenses and liabilities (collectively, "**Losses**") arising out of or attributable to Agent's duties under this Agreement or this appointment, including the reasonable costs and expenses of defending itself against any Loss or enforcing this Agreement, except for any liability of Agent as set forth in Section 13.1, above.

**14 <u>Damages</u>** Notwithstanding anything in this Agreement to the contrary, neither party shall be liable to the other for any incidental, indirect, special or consequential damages of any nature whatsoever, including, but not limited to, loss of anticipated profits, occasioned by a breach of any provision of this Agreement even if apprised of the possibility of such damages.

**15. <u>Confidentiality</u>**

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15.1 <u>Definition</u>. "**Confidential Information**" shall mean any and all technical or business information relating to a party, including, without limitation, financial, marketing and product development information, shareholder data (including any non-public information of such shareholder), proprietary information, and the terms and conditions (but not the existence) of this Agreement, that is disclosed or otherwise becomes known to the other party or its affiliates, agents or representatives before or during the term of this Agreement. Confidential Information constitutes trade secrets and is of great value to the owner (or its affiliates). Confidential Information shall not include any information that is: (a) already known to the other party or its affiliates at the time of the disclosure; (b) publicly known at the time of the disclosure or becomes publicly known through no wrongful act or failure of the other party; (c) subsequently disclosed to the other party or its affiliates on a non-confidential basis by a third party not having a confidential relationship with the owner and which rightfully acquired such information; or (d) independently developed by one party without access to Confidential Information of the other.

15.2 <u>Use and Disclosure</u>. All Confidential Information of a party will be held in confidence by the other party with at least the same degree of care as such party protects its own confidential or proprietary information of like kind and import, but not less than a reasonable degree of care. Neither party will disclose in any manner Confidential Information of the other party in any form to any person or entity without the other party's prior consent. However, each party may disclose relevant aspects of the other party's Confidential Information to its officers, affiliates, agents, subcontractors and employees to the extent reasonably necessary to perform its duties and obligations under this Agreement and such disclosure is not prohibited by applicable law. Without limiting the foregoing, each party will implement physical and other security measures and controls designed to protect: (a) the security and confidentiality of Confidential Information; (b) against any threats or hazards to the security and integrity of Confidential Information; and (c) against any unauthorized access to or use of Confidential Information. To the extent that a party delegates any duties and responsibilities under this Agreement to an agent or other subcontractor, such party will ensure that such agent or

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subcontractor is contractually bound to confidentiality terms consistent with the terms of this Section 15.

15.3 <u>Required or Permitted Disclosure</u>. In the event any requests or demands are made for the disclosure of Confidential Information, other than requests or demands to Agent for shareholder records pursuant to standard subpoenas from state or federal government authorities in connection with shareholder actions not impacting Company's business (*e.g.*, divorce and criminal actions), the party receiving such request or demand will promptly notify the other party to secure instructions from an authorized officer of such party as to such request or demand and to enable the other party the opportunity to obtain a protective order or other confidential treatment, unless such notification is otherwise prohibited by applicable law or court order. Each party expressly reserves the right, however, to disclose Confidential Information to any person whenever it is advised by counsel that it may be held liable for the failure to disclose such Confidential Information or if required by applicable law or court order.

15.4 <u>Unauthorized Disclosure</u>. As may be required by applicable law and without limiting any party's rights in respect of a breach of this Section 15.4, each party will promptly:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Notify the other party in writing of any unauthorized possession, use or disclosure of the other party's
Confidential Information by any person or entity that may become known to such party;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Furnish to the other party full details of the unauthorized possession, use or disclosure; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Use commercially reasonable efforts to prevent a recurrence of any such unauthorized possession, use or disclosure of
Confidential Information.

15.5 <u>Costs</u>. Each party will bear the costs it incurs as a result of compliance with this Section 15.4.

**16. <u>Compensation and Expenses</u>**

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16.1 Company shall pay to Agent compensation in accordance with the fee schedule attached as Exhibit C hereto, together with reimbursement for reasonable fees and disbursements of counsel, regardless of whether any Rights are surrendered to Agent, for Agent's services hereunder.

16.2 Company shall be charged for certain expenses advanced or incurred by Agent in connection with Agent's performance of its duties hereunder. Such charges include, but are not limited to, stationery and supplies, such as checks, envelopes and paper stock, as well as any disbursements for telephone and document creation and delivery. While Agent endeavors to maintain such charges (both internal and external) at competitive rates, these charges may not reflect actual out-of-pocket costs, and may include handling charges to cover internal processing and use of Agent's billing systems.

16.3 If any out-of-proof condition caused by Company or any of its prior agents arises during the term of this Agreement, then Company will, promptly upon Agent's request, provide Agent with funds or shares sufficient to resolve such out-of-proof condition.

16.4 All amounts owed to Agent hereunder are due within thirty (30) days of the invoice date. Delinquent payments are subject to a late payment charge of one and one half percent (1.5%) per month commencing forty-five (45) days from the invoice date. Company agrees to reimburse Agent for any attorney's fees and any other costs associated with collecting delinquent payments.

16.5 Company is responsible for all taxes, levies, duties, and assessments levied on services purchased under this Agreement (collectively, "**Transaction Taxes**"). Computershare is responsible for collecting and remitting Transaction Taxes in all jurisdictions in which Computershare is registered to collect such Transaction Taxes. Computershare shall invoice Company for such Transaction Taxes that Computershare is obligated to collect upon the furnishing of services provided hereunder. Company shall pay such Transaction Taxes according to the terms in Section 16.1, above. Computershare shall timely remit to the appropriate governmental authorities all such Transaction Taxes that Computershare collects from Company. To the extent that Company provides Computershare with valid

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exemption certificates, direct pay permits, or other documentation that exempts Computershare from collecting Transaction Taxes from Company, invoices issued for services hereunder provided after Computershare's receipt of such certificates, permits, or other documentation will not reflect exempted Transaction Taxes. Computershare is solely responsible for the payment of all personal property taxes, franchise taxes, corporate excise or privilege taxes, property or license taxes, taxes relating to Computershare's personnel, and taxes based on Computershare's net income or gross revenues relating to services provided hereunder.

**17. <u>Termination</u>** Either party may terminate this Agreement upon thirty (30) days' prior written notice to the other party. Unless so terminated, this Agreement shall continue in effect until ninety (90) days following the Expiration Time. In the event of such early termination, Company will appoint a successor agent and inform Agent of the name and address of any successor agent so appointed, provided, that no failure by Company to appoint such a successor agent shall affect the termination of this Agreement or the discharge of Agent as agent hereunder. Upon any such termination, Agent shall be relieved and discharged of any further responsibilities with respect to its duties hereunder. Upon payment of all outstanding fees and expenses hereunder, Agent shall promptly forward to Company or its designee any Subscription Forms or other documents relating to the Subscription Offer that Agent may receive after its appointment has so terminated.

**18. <u>Assignment</u>** Neither this Agreement nor any rights or obligations hereunder may be assigned by Company or Agent without the written consent of the other; provided, however, that Agent may, without further consent of Company, assign any of its rights and obligations hereunder to any affiliated agent registered under Rule 17Ac2-1 promulgated under the 1934 Act.

**19. <u>Subcontractors and Unaffiliated Third Parties</u>*<u> </u>*** 

19.1 <u>Subcontractors</u>. Agent may, without further consent of Company, subcontract with (a) any affiliates, or (b) unaffiliated subcontractors for such services as may be required from time to time (e.g., lost shareholder searches, escheatment, telephone and mailing services); provided, however, that Agent shall be as fully responsible to Company for the acts and omissions of any subcontractor as it is for its own acts and omissions.

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19.2 <u>Unaffiliated Third Parties</u>. Nothing herein shall impose any duty upon Agent in connection with or make Agent liable for the actions or omissions to act of unaffiliated third parties (other than subcontractors referenced in Section 19.1, above) such as, by way of example and not limitation, airborne services, delivery services, the U.S. mails, and telecommunication companies, provided, if Agent selected such company, Agent exercised due care in selecting the same.

**20. <u>Miscellaneous</u>** 

20.1 <u>Notices</u>. All notices, demands and other communications given pursuant to the terms and provisions hereof shall be in writing, shall be deemed effective on the date of receipt, and may be sent by overnight delivery services, or by certified or registered mail, return receipt requested to:

If to Company:

Cohen & Steers Quality Income Realty Fund, Inc. 1166 Avenue of the Americas New York, New York 10036 Attn: General Counsel FundLegalGroup@cohenandsteers.com

If to Agent: with an additional copy to:

Computershare Inc. 150 Royall Street Canton, MA 02021 Attn: Corp Actions Relationship Manager Or Computershare Inc. 462 S. 4th Street, 7th Floor Louisville, KY 40202 Attn: Corp Actions Relationship Manager Computershare Inc. 150 Royall Street Canton, MA 02021 Attn: Legal Department

20.2 <u>No Expenditure of Funds</u>. No provision of this Agreement shall

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require Agent to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder or in the exercise of its rights if it shall believe in good faith that repayment of such funds or adequate indemnification against such risk or liability is not reasonably assured to it.

20.3 <u>Publicity</u>. Neither party hereto shall issue a news release, public announcement, advertisement, or other form of publicity concerning the existence of this Agreement or the services to be provided hereunder without obtaining the prior written approval of the other party, which may be withheld in the other party's sole discretion; provided, that Agent may use Company's name in its customer lists or otherwise as required by applicable law or regulation and that Company may include general descriptions of this Agreement and of the services to be provided hereunder as required in the registration statement , the prospectus or the prospectus supplement, or to publicize the Subscription Offer generally, but shall, in any event, act in accordance with the terms of Section 15 hereof in so generally publicizing the Subscription Offer.

20.4 <u>Successors</u>. All covenants and provisions of this Agreement by or for the benefit of Company or Agent shall bind and inure to the benefit of their respective successors and assigns hereunder.

20.5 <u>Amendments</u>. This Agreement may be amended or modified by a written amendment executed by the parties hereto and, to the extent required, authorized by a resolution of the Board of Directors of Company.

20.6 <u>Severability</u>. If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction or other authority to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions of this Agreement shall remain in full force and effect and shall in no way be affected, impaired or invalidated and shall be interpreted to give effect to the intents of the parties manifested thereby.

20.7 <u>Governing Law; Jurisdiction</u>. This Agreement shall be governed by the laws of the State of New York, without regard to principles of conflicts of law. The parties hereto irrevocably (a) submit to the non-exclusive jurisdiction of any New York State court sitting in New York City or the

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United States District Court for the Southern District of New York in any action or proceeding arising out of or relating to this Agreement, (b) waive, to the fullest extent they may effectively do so, any defense based on inconvenient forum, improper venue or lack of jurisdiction to the maintenance of any such action or proceeding, and (c) waive all right to trial by jury in any action, proceeding or counterclaim arising out of this Agreement or the transactions contemplated hereby. Agent shall not be required hereunder to comply with the laws or regulations of any country other than the United States of America or any political subdivision thereof. Agent may consult with foreign counsel, at Company's expense, to resolve any foreign law issues that may arise as a result of Company or any other party being subject to the laws or regulations of any foreign jurisdiction.

20.8 <u>Force Majeure</u>. Agent will not be liable for any delay or failure in performance when such delay or failure arises from circumstances beyond its reasonable control, including without limitation acts of God, acts of government in its sovereign or contractual capacity, acts of public enemy or terrorists, acts of civil or military authority, war, riots, civil strife, terrorism, blockades, sabotage, rationing, embargoes, epidemics, pandemics, outbreaks of infectious diseases or any other public health crises, earthquakes, fire, flood, other natural disaster, quarantine or any other employee restrictions, power shortages or failures, utility or communication failures or delays, labor disputes, strikes, or shortages, supply shortages, equipment failures, or software malfunctions.

20.9 <u>Third Party Beneficiaries</u>. The provisions of this Agreement are intended to benefit only Agent, Company and their respective permitted successors and assigns. No rights shall be granted to any other person by virtue of this Agreement, and there are no third-party beneficiaries hereof.

20.10 <u>Survival</u>. All provisions regarding indemnification, warranty, liability and limits thereon, compensation and expenses and confidentiality and protection of proprietary rights and trade secrets shall survive the termination or expiration of this Agreement.

20.11 <u>Priorities</u>. In the event of any conflict, discrepancy, or ambiguity between the terms and conditions contained in (a) this Agreement, (b) any exhibits, schedules or attachments hereto, and (c) the Subscription Offer,

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the terms and conditions contained in this Agreement shall take precedence.

20.12 <u>Merger of Agreement</u>. This Agreement constitutes the entire agreement between the parties hereto and supersedes any prior agreement with respect to the subject matter hereof, whether oral or written.

20.13 <u>No Strict Construction</u>. The parties hereto have participated jointly in the negotiation and drafting of this Agreement. In the event any ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by all parties hereto, and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any provision of this Agreement.

20.14 <u>Descriptive Headings</u>. Descriptive headings contained in this Agreement are inserted for convenience only and shall not control or affect the meaning or construction of any of the provisions hereof.

20.15 <u>Counterparts</u>. This Agreement may be executed in any number of counterparts and each of such counterparts shall for all purposes be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument. A signature to this Agreement executed and/or transmitted electronically shall have the same authority, effect, and enforceability as an original signature.

*[The remainder of this page has been intentionally left blank. Signature page follows.]* 

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**IN WITNESS WHEREOF,** the parties hereto have executed this Agreement by their duly authorized officers as of the Effective Date hereof.

**COHEN & STEERS QUALITY INCOME REALTY FUND, INC.** 

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|:---|
| By: |
| Name: |
| Title: |

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**COMPUTERSHARE INC. and** 

**COMPUTERSHARE TRUST COMPANY, N.A.** 

***For both entities*** 

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|:---|
| By: |
| Name: |
| Title: |

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Exhibit A Tax Instruction and Cost Basis Information Letter

Exhibit B Wire Instructions

Exhibit C Schedule of Fee

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## Ex-99.(K)(5)

**Ex. (k)(5)**![LOGO](g110923dsp_33.jpg)

June 10, 2026

Cohen & Steers Quality Income Realty Fund, Inc.

c/o Cohen & Steers Capital Management, Inc.

1166 Avenue of the Americas

New York, NY 10036

Re: <u>Information Agent</u>

This Letter of Agreement, including the Appendix attached hereto (collectively, this "Agreement"), sets forth the terms and conditions of the engagement of Georgeson LLC ("Georgeson") by Cohen & Steers Quality Income Realty Fund, Inc. (the "Fund") to act as Information Agent in connection with the Fund's proposed rights offering (the "Offering"). The term of this Agreement shall be the term of the Offering, including any extensions thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) *Services.* Georgeson shall perform the services described in the Fees & Services Schedule attached
hereto as Appendix I (such services, collectively, the "Services").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) *Fees.* In consideration of Georgeson's performance of the Services, the Fund shall pay Georgeson the
amounts, and pursuant to the terms, set forth on the Fees & Services Schedule attached hereto as Appendix I, together with the Expenses (as defined below). The Fund acknowledges and agrees that the Fees & Services Schedule shall be
subject to adjustment if the Fund requests Georgeson to provide services with respect to additional matters or a revised scope of work.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) *Expenses.* In addition to the fees and charges described in paragraphs (b) and (d) hereof, Georgeson shall
charge the Fund, and the Fund shall be solely responsible, for the following costs and expenses (collectively, the "Expenses"):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• costs and expenses incidental to the Offering, including without limitation the mailing or delivery of Offering
materials;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• reasonable costs and expenses relating to Georgeson's work with its agents or other parties involved in the
Offering, including without limitation charges for bank threshold lists, data processing, market information, institutional advisory reports, telephone directory assistance, facsimile transmissions or other forms of electronic communication;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• reasonable costs and expenses incurred by Georgeson at the Fund's request or for the Fund's convenience,
including without limitation for copying, printing of additional and/or supplemental material and travel by Georgeson's personnel; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• any other reasonable costs and expenses authorized by the Fund during the course of the Offering, including without
limitation those relating to

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advertising (including production and posting), media relations and analytical services.

The Fund shall pay all applicable taxes incurred in connection with the delivery of the Services or Expenses.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) *Custodial Charges.* Georgeson agrees to check, itemize and pay on the Fund's behalf the charges of brokers
and banks, with the exception of Broadridge Financial Solutions, Inc., Mediant Communications Inc., or Say Technologies LLC (which will bill the Fund directly), for forwarding the Fund's offering material to beneficial owners. The Fund shall
reimburse Georgeson for such broker and bank charges in the manner described in the Fees & Services Schedule.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) *Compliance with Applicable Laws.* The Fund and Georgeson hereby represent to one another that each shall comply
with all applicable laws relating to the Offering, including, without limitation, the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) *Indemnification; Limitation of Liability.* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The Fund shall indemnify and hold harmless Georgeson, its affiliates and their respective stockholders, officers,
directors, employees and agents from and against any and all losses, claims, damages, costs, charges, reasonable counsel fees and expenses, payments, expenses and liability (collectively, "Losses") arising out of or relating to the
performance of the Services, including the reasonable costs and expenses of defending against any Loss or enforcing this Agreement, except to the extent such Losses shall have been determined by the parties themselves, a court of competent
jurisdiction, arbitrator, mediator or other neutral objective third party trier of fact mutually agreed upon between the parties to be a result of Georgeson's gross negligence, bad faith or willful misconduct.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Georgeson shall indemnify and hold harmless the Fund from and against any and all Losses arising out of or relating to
the performance of the Services, including the reasonable costs and expenses of defending against any Loss or enforcing this Agreement, to the extent such Losses shall have been determined by the parties themselves, a court of competent
jurisdiction, arbitrator, mediator or other neutral objective third party trier of fact mutually agreed upon between the parties to be a result of Georgeson's gross negligence, bad faith or willful misconduct.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Notwithstanding anything herein to the contrary, but without limiting the parties' indemnification obligations
set forth in clauses (i) and (ii) above, neither party shall be liable for any incidental, indirect, special or consequential damages of any nature whatsoever, including, but not limited to, loss of anticipated profits, occasioned by a breach
of any provision of this Agreement, even if apprised of the possibility of such damages.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Any liability whatsoever of Georgeson, its affiliates or any of their respective stockholders, officers, directors,
employees or agents hereunder or otherwise

------

relating to or arising out of performance of the Services will be limited in the aggregate to the fees and charges paid hereunder by the Fund to Georgeson (but not including Expenses).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) This paragraph (f) shall survive the termination of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) *Governing Law.* This Agreement shall be governed by the substantive laws of the State of New York without regard
to its principles of conflicts of laws, and shall not be modified in any way, unless pursuant to a written agreement which has been executed by each of the parties hereto. The parties agree that any and all disputes, controversies or claims arising
out of or relating to this Agreement (including any breach hereof) shall be subject to the jurisdiction of the federal and state courts in New York County, New York and the parties hereby waive any defenses on the grounds of lack of personal
jurisdiction of such courts, improper venue or *forum non conveniens*. The parties waive, to the fullest extent permitted by law, all right to trial by jury in any action, proceeding or counterclaim arising out of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) *Relationship.* The Fund agrees and acknowledges that Georgeson shall be the primary information agent retained
by the Fund in connection with the Offering.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) *Confidentiality.* Georgeson agrees to preserve the confidentiality of (i) all material non-public information provided by the Fund or its agents for Georgeson's use in fulfilling its obligations hereunder and (ii) any information developed by Georgeson based upon such material non-public information (collectively, "Confidential Information"); provided that Georgeson may disclose such Confidential Information as required by law and otherwise to its officers, directors,
employees, agents or affiliates to the extent reasonably necessary to perform the Services hereunder. For purposes of this Agreement, Confidential Information shall not be deemed to include any information which (w) is or becomes generally
available to the public other than as a result of a disclosure by Georgeson or any of its officers, directors, employees, agents or affiliates; (x) was available to Georgeson on a nonconfidential basis and in accordance with law prior to its
disclosure to Georgeson by the Fund; (y) becomes available to Georgeson on a nonconfidential basis and in accordance with law from a person other than the Fund or any of its officers, directors, employees, agents or affiliates who is not
otherwise bound by a confidentiality agreement with the Fund or is not otherwise prohibited from transmitting such information to a third party; or (z) was independently and lawfully developed by Georgeson without access to the Confidential
Information. The Fund agrees that all reports, documents and other work product provided to the Fund by Georgeson pursuant to the terms of this Agreement are for the exclusive use of the Fund and may not be disclosed to any other person or entity
without the prior written consent of Georgeson. The confidentiality obligations set forth in this paragraph shall survive the termination of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) *Invoices*. Invoices for amounts due hereunder shall be delivered to Fund at:

ADDRESS: Cohen & Steers Capital Management, Inc., 1166 Avenue of the Americas, 30<sup>th</sup> Floor, New York, NY 10036

ATTENTION: General Counsel, FundLegalGroup@cohenandsteers.com

------

*(Contact Name, Email,)* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) *Force Majeure.* Georgeson will not be liable for any delay or failure in performance when such delay or
failure arises from circumstances beyond its reasonable control, including without limitation acts of God, acts of government in its sovereign or contractual capacity, acts of public enemy or terrorists, acts of civil or military authority, war,
riots, civil strife, terrorism, blockades, sabotage, rationing, embargoes, epidemics, pandemics, outbreaks of infectious diseases or any other public health crises, earthquakes, fire, flood, other natural disaster, quarantine or any other employee
restrictions, power shortages or failures, utility or communication failure or delays, labor disputes, strikes, or shortages, supply shortages, equipment failures, or software malfunctions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) *Entire Agreement; Appendix.* This Agreement constitutes the entire agreement and supersedes all prior agreements
and understandings, both written and oral, between the parties hereto with respect to the subject matter hereof. The Appendix to this Agreement shall be deemed to be incorporated herein by reference as if fully set forth herein. This Agreement shall
be binding upon all successors to the Fund (by operation of law or otherwise).

[Remainder of page intentionally left blank. Signature page follows.]

------

**If the above is acceptable, please execute and return the enclosed duplicate of this Agreement to Georgeson LLC, 51 West 52<sup>nd</sup> Street, 6<sup>th</sup> floor, New York, NY 10019, Attention: Christopher M. Hayden.** 

---

| | |
|:---|:---|
| Sincerely, | Sincerely, |
| GEORGESON LLC | GEORGESON LLC |
| By: |  |
|  | Christopher M. Hayden |
| Title: | President>North America |

---

---

| |
|:---|
| Agreed to and accepted as of<br> the date first set forth above: |
| COHEN & STEERS QUALITY INCOME REALTY FUND, INC. |
| By: |
| Title: |

---

## Ex-99.(L)(2)

**Ex. (l)(2)** 

[**LETTERHEAD OF VENABLE LLP**]

June 18, 2026

Cohen & Steers Quality Income Realty Fund, Inc.

1166 Avenue of the Americas

New York, New York 10036

Re: Registration Statement on Form N-2:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1933 Act File No. 333-296589

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>1940 Act File No. 811-10481</u> 

Ladies and Gentlemen:

We have served as Maryland counsel to Cohen & Steers Quality Income Realty Fund, Inc., a Maryland corporation registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as a closed-end management investment company (the "Company"), in connection with certain matters of Maryland law arising out of (a) the distribution of up to 134,517,543 transferable subscription rights (the "Rights") to holders of record of the Company's common stock, par value $0.001 per share (the "Common Stock"), as of the close of business on June 18, 2026, and (b) the registration of the offering and sale of up to 44,839,181 shares (the "Shares") of Common Stock upon exercise of the Rights. Each Share is issuable upon the exercise of three Rights. The distribution of the Rights and the offering and sale of the Shares are covered by the above-referenced Registration Statement, and all amendments thereto (the "Registration Statement"), filed by the Company with the Securities and Exchange Commission (the "Commission") under the Securities Act of 1933, as amended (the "1933 Act"), and the 1940 Act.

In connection with our representation of the Company, and as a basis for the opinion hereinafter set forth, we have examined originals, or copies certified or otherwise identified to our satisfaction, of the following documents (collectively, the "Documents"):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The Registration Statement, in the form filed with the Commission under the 1933 Act and the 1940 Act;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The Prospectus, dated June 8, 2026 (the "Base Prospectus"), as supplemented by the Prospectus Supplement, dated June 18, 2026 (the "Prospectus Supplement" and, together with the Base Prospectus, the "Prospectus"), relating to the issuance of the Rights and the Shares, substantially in the form in which it was transmitted to the Commission pursuant to Rule 424(b) under the 1933 Act;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. The charter of the Company (the "Charter"), certified by the State Department of Assessments and Taxation of Maryland (the "SDAT");

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Cohen & Steers Quality Income Realty Fund, Inc.

June 18, 2026

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. The Amended and Restated Bylaws of the Company, certified as of the date hereof by an officer of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. A certificate as of a recent date of the SDAT as to the good standing of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. Resolutions adopted by the Board of Directors of the Company relating to the issuance of the Rights and the Shares (the "Resolutions"), certified as of the date hereof by an officer of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. The Subscription Agent Agreement, dated as of June 17, 2026 (the "Subscription Agent Agreement"), by and among the Company, Computershare Trust Company, N.A., a national banking association, and Computershare, Inc., a Delaware corporation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. The form of Subscription Rights Certificate to subscribe for the Shares (the "Rights Certificate"), certified as of the date hereof by an officer of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. A certificate executed by an officer of the Company, dated as of the date hereof; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. Such other documents and matters as we have deemed necessary or appropriate to express the opinion set forth below, subject to the assumptions, limitations and qualifications stated herein.

In expressing the opinion set forth below, we have assumed the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Each individual executing any of the Documents, whether on behalf of such individual or any other person, is legally competent to do so.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Each individual executing any of the Documents on behalf of a party (other than the Company) is duly authorized to do so.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Each of the parties (other than the Company) executing any of the Documents has duly and validly executed and delivered each of the Documents to which such party is a signatory, and such party's obligations set forth therein are legal, valid and binding and are enforceable in accordance with all stated terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. All Documents submitted to us as originals are authentic. The form and content of all Documents submitted to us as unexecuted drafts do not differ in any respect relevant to this opinion from the form and content of such Documents as executed and delivered.

------

Cohen & Steers Quality Income Realty Fund, Inc.

June 18, 2026

All Documents submitted to us as certified or photostatic copies conform to the original documents. All signatures on all such Documents are genuine. All public records reviewed or relied upon by us or on our behalf are true and complete. All representations, warranties, statements and information contained in the Documents are true and complete. There has been no oral or written modification of or amendment to any of the Documents, and there has been no waiver of any provision of any of the Documents, by action or omission of the parties or otherwise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. Upon any issuance of the Shares, the total number of shares of Common Stock issued and outstanding will not exceed the total number of shares of Common Stock that the Company is then authorized to issue under the Charter.

Based upon the foregoing, and subject to the assumptions, limitations and qualifications stated herein, it is our opinion that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The Company is a corporation duly incorporated and existing under and by virtue of the laws of the State of Maryland and is in good standing with the SDAT.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The issuance of the Rights has been duly authorized by all necessary corporate action on the part of the Company and, upon issuance and delivery of the Rights Certificate in accordance with the Subscription Agent Agreement, the Rights will be valid and binding obligations of the Company, enforceable against the Company in accordance with their terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. The sale and issuance of the Shares have been duly authorized and, when and if issued and paid for upon exercise of the Rights pursuant to the Resolutions, the Registration Statement and the Prospectus, the Shares will be validly issued, fully paid and nonassessable.

In addition to the assumptions and qualifications set forth above, and without limiting the generality of such assumptions and qualifications, the opinion expressed in paragraph 2 above is also subject to (a) the effect of bankruptcy, insolvency, reorganization, preference, fraudulent transfer, moratorium or other similar laws relating to or affecting the rights and remedies of creditors, (b) the effect of general principles of equity, whether considered in a proceeding in equity or at law (including the possible unavailability of specific performance or injunctive relief), concepts of materiality, reasonableness, good faith and fair dealing, and the discretion of the court before which a proceeding is brought and (c) the invalidity under certain circumstances under law or court decisions of provisions providing for the indemnification of or contribution to a party with respect to a liability where such indemnification or contribution is contrary to public policy.

------

Cohen & Steers Quality Income Realty Fund, Inc.

June 18, 2026

The foregoing opinion is limited to the laws of the State of Maryland and we do not express any opinion herein concerning any other law. We express no opinion as to the applicability or effect of the 1940 Act or other federal securities laws, or state securities laws, including the securities laws of the State of Maryland, or as to federal or state laws regarding fraudulent transfers. To the extent that any matter as to which our opinion is expressed herein would be governed by the laws of any jurisdiction other than the State of Maryland, we do not express any opinion on such matter. The opinion expressed herein is subject to the effect of judicial decisions which may permit the introduction of parol evidence to modify the terms or the interpretation of agreements.

The opinion expressed herein is limited to the matters specifically set forth herein and no other opinion shall be inferred beyond the matters expressly stated. We assume no obligation to supplement this opinion if any applicable law changes after the date hereof or if we become aware of any fact that might change the opinion expressed herein after the date hereof.

This opinion is being furnished to you for submission to the Commission as an exhibit to the Registration Statement. We hereby consent to the filing of this opinion as an exhibit to the Registration Statement and to the use of the name of our firm therein. In giving this consent, we do not admit that we are within the category of persons whose consent is required by Section 7 of the 1933 Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Very truly yours,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; /s/ VENABLE LLP