<DOCUMENT>
<TYPE>EX-99.77D POLICIES
<SEQUENCE>3
<FILENAME>rqi77d.txt
<DESCRIPTION>POLICIES
<TEXT>
ITEM 77D: On June 29, 2009, the Board of Directors of the Registrant
approved amendments to certain non-fundamental investment policies of
the Registrant.  The Directors voted to eliminate the requirement to
invest at least 90% of its total assets in common stocks
(including REIT shares), preferred stocks, and other equity securities
issued by real estate companies, such as "real estate investment
trusts" ("REITs").  Although the Registrant, under normal market
conditions, will invest at least 80% of its total assets in income
producing equity securities issued by high quality REITs, the Directors
approved revisions to the definition of high quality, noting that high
quality REITs are companies that, in the opinion of the Investment
Manager, offer prospects for above average revenue and earnings growth
and to determine whether a company is of high quality, the Investment
Manager generally looks to the company's record of earnings growth,
as well as to a company's current ratio of debt to capital and the
quality of its management.  In addition, the Directors voted to (i)
increase the fund's 20% limit on investments in foreign securities
to 25% of the Registrant's total assets, of which 15% may be invested
in emerging markets; (ii) expand the types of permitted investments
for temporary defensive measures to include short-term debt instruments,
government securities, cash or cash equivalents (currently only
investment grade debt securities); (iii) remove the 10% limitation on
investments in mortgage and hybrid REITs; and (iv) remove the
restriction that REIT investments will have a market cap greater
than $100 million.

On June 9-10, 2009, the Board of Directors of the Registrant approved
that the Registrant may, but is not required to, use, without limit,
various strategic transactions described below to seek to generate
return, facilitate portfolio management and mitigate risks. Although
the Investment Manager may seek to use these kinds of transactions to
further the Registrant's investment objectives, no assurance can be
given that they will achieve this result.  The Registrant may enter into
exchange-listed and over-the-counter put and call options on securities
(including securities of investment companies and baskets of securities),
indexes, and other financial instruments; purchase and sell financial
futures contracts and options thereon; enter into various interest rate
transactions, such as swaps, caps, floors or collars or credit
transactions; equity index, total return and credit default swaps;
forward contracts; and structured investments.  In addition, the
Registrant may enter into various currency transactions, such as forward
currency contracts, currency futures contracts, currency swaps or
options on currency or currency futures. The Registrant also may purchase
and sell derivative instruments that combine features of these instruments.
The Registrant may invest in other types of derivatives, structured and
similar instruments which are not currently available but which may be
developed in the future.
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