Cohen & Steers Quality Income Realty Fund, Inc. (the Fund) is a non-diversified, closed-end management investment company. The Fund's investment objective is high current income. The primary investment objective is high current income through investment in real estate securities. The secondary investment objective is capital appreciation. The Fund may write put or call options on an index and put or covered call options on a security. The Fund may directly purchase securities of foreign issuers. It invests in sectors, such as regional mall, industrial, self storage, healthcare, diversified, office, shopping center and apartment. The Fund's investment manager is Cohen & Steers Capital Management, Inc.