NEW YORK, June 13 /PRNewswire-FirstCall/ -- The Board of Directors of Cohen & Steers Quality Income Realty Fund, Inc. (NYSE:RQI) today declared three monthly distributions of $0.15 per common share for July, August, and September 2007 *. Details are as follows: The July 2007 distribution is payable on July 31, 2007 to shareholders of record on July 13, 2007. The ex-dividend date is July 11, 2007. The August 2007 distribution is payable on August 31, 2007 to shareholders of record on August 15, 2007. The ex-dividend date is August 13, 2007. The September 2007 distribution is payable on September 28, 2007 to shareholders of record on September 14, 2007. The ex-dividend date is September 12, 2007. * Please note that the distributions paid by the fund to shareholders are subject to recharacterization for tax purposes. The final tax treatment of these distributions is reported to shareholders on their 1099-DIV forms, which are mailed to shareholders after the close of each fiscal year. In addition, the fund pays distributions pursuant to a level rate distribution policy. Under this policy, the fund may pay distributions in excess of the fund's net investment company taxable income and this excess will be a tax-free return of capital distributed from the fund's assets. Distributions of capital decrease the fund's total assets and, therefore, could have the effect of increasing the fund's expense ratio. In addition, in order to make these distributions, the fund may have to sell portfolio securities at a less than opportune time. Information concerning the estimated composition of each fund distribution is available at cohenandsteers.com. DATASOURCE: Cohen & Steers Quality Income Realty Fund, Inc. CONTACT: John J. McCombe, executive vice president, Cohen & Steers Capital Management, Inc., +1-212-832-3232 Web site: http://www.cohenandsteers.com/

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