Cohen & Steers Quality Income Realty Fund Announces Completion of Merger

NEW YORK, March 15 /PRNewswire-FirstCall/ -- After the close of business on Friday, March 12, 2010, Cohen & Steers Worldwide Realty Income Fund, Inc. (NYSE: RWF) merged with and into Cohen & Steers Quality Income Realty Fund, Inc. (NYSE: RQI).

In the merger, RQI acquired substantially all of the assets and liabilities of RWF in a tax-free transaction in exchange for an equal aggregate value of newly issued common shares of RQI.   RWF distributed the common shares of RQI (and fractional shares where applicable) to its common shareholders in an amount equal to the aggregate net asset value of RWF common shares as determined at the close of business on March 12, 2010. The net asset value per share of each fund as of March 12, 2010 and the exchange ratios at which common shares of RWF were exchanged for common shares of RQI are set forth below.

Common shareholders of RWF will receive a statement showing the number of RQI shares that they own as a result of the merger. In addition, the frequency and manner in which shareholders of RWF received their dividend payments will be the same as shareholders of RQI. More information is available at cohenandsteers.com.

About Cohen & Steers

Cohen & Steers is a manager of income-oriented equity portfolios specializing in U.S. and international real estate securities, large cap value stocks, listed infrastructure and utilities, and preferred securities. The company also manages alternative investment strategies such as hedged real estate securities portfolios and private real estate multi-manager strategies for qualified investors. Headquartered in New York City, with offices in London, Brussels, Hong Kong and Seattle, Cohen & Steers serves individual and institutional investors through a broad range of investment vehicles.

SOURCE Cohen & Steers

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