Cohen & Steers RQI fund expects to issue 12,642,989 shares in rights offering priced at $12.15 each
CNS•Subscription price and timing
The subscription price was set at $12.15 per share. Shares are expected to be issued promptly following completion of the offering and receipt of payments.
Preliminary rights offering results
Cohen & Steers’ RQI reported preliminary results for a transferable rights offering that expired July 15.
Expected share issuance and proceeds
The fund expects to issue about 12,642,989 common shares, including notices of guaranteed delivery.
Anticipated gross proceeds are about $154 million, or about $220 million including expected leverage.
