<DOCUMENT>
<TYPE>EX-99.77E LEGAL
<SEQUENCE>2
<FILENAME>item77e.txt
<DESCRIPTION>LEGAL ACTION
<TEXT>
RQI N-SAR Exhibit


ITEM 77(E)
The Board of Directors of the Fund received a letter from a law firm on behalf
of purported holders of the Fund's common shares demanding that the Board of
Directors take action against the investment manager and the Fund's directors
and officers to recover, for the benefit of the Fund, alleged damages related
to such parties' alleged breaches of fiduciary duties related to the
redemption of the Fund's auction preferred shares at their liquidation
preference.  In response to the demand letter, the Fund's Board of Directors
established a committee of independent directors to investigate the claims,
and the committee retained independent counsel to assist it in conducting its
investigation (the "Special Committee").
	Subsequently, the Fund was named as a nominal defendant in a putative
shareholder derivative action captioned Klein v. Cohen & Steers Capital
Management, Inc., et al. filed in the Supreme Court of the State of New York,
County of New York on September 8, 2010 (the "Complaint").  The Complaint,
filed purportedly on behalf, and for the benefit, of the Fund, name as
defendants the investment manager, Cohen & Steers, Inc., the investment
manager's parent company, and the Fund's current officers, including the two
Interested Directors (collectively, the "Defendants"), and name the Fund as
nominal a defendant.  The Complaint contains the same basic allegations
contained in the demand letter and seeks a declaration that the investment
manager and Fund officers have breached their fiduciary duties, indeterminate
monetary damages in favor of the Fund and an award of plaintiffs' costs and
disbursements in pursuing the action.  In derivative actions, Maryland law
requires a report to shareholders when indemnification or expense advances are
provided to Directors.  The respective Funds are hereby reporting that the
Interested Directors, along with the other Defendants, received
indemnification and expense advances with respect to the Complaint.
	On November 1, 2010, after an extensive investigation conducted with the
assistance of independent counsel, the Special Committee determined that the
Fund should not pursue claims based on the allegations in the demand letter and
rejected the demands made in the letter.
	On April 14, 2011, Cohen & Steers, Inc. announced the voluntary dismissal by
plantiffs of the Complaint in its entirety with prejudice.  The court
approved the dismissal without any settlement or concessions by the Defendants
or Fund.
</TEXT>
</DOCUMENT>
