<SEC-DOCUMENT>0001104659-12-061396.txt : 20120904
<SEC-HEADER>0001104659-12-061396.hdr.sgml : 20120903
<ACCEPTANCE-DATETIME>20120904153457
ACCESSION NUMBER:		0001104659-12-061396
CONFORMED SUBMISSION TYPE:	N-CSRS
PUBLIC DOCUMENT COUNT:		11
CONFORMED PERIOD OF REPORT:	20120630
FILED AS OF DATE:		20120904
DATE AS OF CHANGE:		20120904
EFFECTIVENESS DATE:		20120904

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			COHEN & STEERS QUALITY INCOME REALTY FUND INC
		CENTRAL INDEX KEY:			0001157842
		IRS NUMBER:				134189110
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		N-CSRS
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-10481
		FILM NUMBER:		121070725

	BUSINESS ADDRESS:	
		STREET 1:		280 PARK AVENUE
		STREET 2:		10TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		2128323232

	MAIL ADDRESS:	
		STREET 1:		280 PARK AVENUE
		STREET 2:		10TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	COHEN & STEERS INCOME REALTY FUND INC
		DATE OF NAME CHANGE:	20010821
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-CSRS
<SEQUENCE>1
<FILENAME>a12-15599_1ncsrs.htm
<DESCRIPTION>N-CSRS
<TEXT>


<html>
<head>

  </head>
<body lang="EN-US">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">UNITED STATES</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">SECURITIES AND EXCHANGE COMMISSION</font></p>
<p align="center" style="margin:2.0pt 0in .0001pt;text-align:center;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Washington, D.C. 20549</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="4" face="Times New Roman" style="font-size:14.0pt;font-weight:bold;">FORM N-CSR</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">CERTIFIED SHAREHOLDER REPORT OF REGISTERED<br> MANAGEMENT INVESTMENT COMPANIES</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="29%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:29.16%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Investment Company Act file number</font></p>    </td>
<td width="70%" colspan="6" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:70.84%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">811-10481</font></p>    </td>   </tr>
<tr>
<td width="100%" colspan="9" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="100%" colspan="9" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:100.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Cohen &amp; Steers Quality Income Realty   Fund, Inc.</font></p>    </td>   </tr>
<tr>
<td width="100%" colspan="9" valign="top" style="border:none;padding:0in 0in 0in 0in;width:100.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Exact name of registrant as   specified in charter)</font></p>    </td>   </tr>
<tr>
<td width="100%" colspan="9" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="66%" colspan="7" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:66.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">280 Park Avenue, New York, NY</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="32%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:32.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10017</font></p>    </td>   </tr>
<tr>
<td width="66%" colspan="7" valign="top" style="border:none;padding:0in 0in 0in 0in;width:66.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Address of principal executive   offices)</font></p>    </td>
<td width="2%" valign="bottom" style="border:none;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="32%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:32.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Zip code)</font></p>    </td>   </tr>
<tr>
<td width="100%" colspan="9" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="100%" colspan="9" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:100.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Tina M. Payne</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Cohen &amp; Steers Capital Management, Inc.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">280 Park Avenue</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">New York, New York 10017</font></p>    </td>   </tr>
<tr>
<td width="100%" colspan="9" valign="top" style="border:none;padding:0in 0in 0in 0in;width:100.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Name and address of agent for   service)</font></p>    </td>   </tr>
<tr>
<td width="100%" colspan="9" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="39%" colspan="5" valign="top" style="padding:0in 0in 0in 0in;width:39.84%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Registrant&#146;s telephone number, including   area code:</font></p>    </td>
<td width="22%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:22.82%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(212) 832-3232</font></p>    </td>
<td width="37%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:37.34%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="100%" colspan="9" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="18%" valign="top" style="padding:0in 0in 0in 0in;width:18.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date of fiscal year end:</font></p>    </td>
<td width="19%" colspan="3" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:19.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">December 31</font></p>    </td>
<td width="62%" colspan="5" valign="top" style="padding:0in 0in 0in 0in;width:62.92%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="100%" colspan="9" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="19%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:19.42%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date of reporting period:</font></p>    </td>
<td width="17%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:17.66%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">June 30,   2012</font></p>    </td>
<td width="62%" colspan="5" valign="top" style="padding:0in 0in 0in 0in;width:62.92%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr height="0">
<td width="135" style="border:none;"></td>
<td width="10" style="border:none;"></td>
<td width="73" style="border:none;"></td>
<td width="59" style="border:none;"></td>
<td width="21" style="border:none;"></td>
<td width="171" style="border:none;"></td>
<td width="25" style="border:none;"></td>
<td width="15" style="border:none;"></td>
<td width="239" style="border:none;"></td>   </tr> </table>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\106457\12-15599-1\task5522641\15599-1-be.htm',USER='106457',CD='Aug 24 21:25 2012' -->


<br clear="all" style="page-break-before:always;">
<div>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 1. Reports to Stockholders. </font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\106457\12-15599-1\task5522997\15599-1-bg.htm',USER='106457',CD='Aug 25 00:01 2012' -->


<br clear="all" style="page-break-before:always;">
<!-- Document name: 12-15599-2.ba-->
<p align="center"><font face="Arial, Helvetica" style="font-size:18pt;"><b>COHEN &amp; STEERS QUALITY INCOME REALTY FUND, INC.</b></font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">To Our Shareholders:</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">We would like to share with you our report for the six months ended June 30, 2012. The net asset value (NAV) at that date was $10.83 per common share. The Fund's common stock is traded on the New York Stock Exchange (NYSE) and its share price can differ from its NAV; at period end, the Fund's closing price on the NYSE was $10.45.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">The total returns, including income, for the Fund and its comparative benchmarks were:</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td colspan="3" width="302" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="137" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Six Months Ended <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">June 30, 2012</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="302" bgcolor="#cceeff" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Cohen &amp; Steers Quality Income Realty Fund at NAV<sup>a</sup></font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="104" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">18.37</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">%</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="302" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Cohen &amp; Steers Quality Income Realty Fund at Market Value<sup>a</sup></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="104" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">27.71</font></td>
<td colspan="1" width="25" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">%</font></td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="302" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">FTSE NAREIT Equity REIT Index<sup>b</sup></font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="104" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">14.91</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">%</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="302" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">S&amp;P 500 Index<sup>b</sup></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="104" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">9.49</font></td>
<td colspan="1" width="25" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">%</font></td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="302" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Blended benchmark&#151;80% FTSE NAREIT Equity REIT Index/ <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">20% BofA Merrill Lynch REIT Preferred Index<sup>b</sup></font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="104" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">12.89</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">%</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
</table>

<p style="margin:0pt 0pt 0pt 0pt; height:18pt;">&nbsp;</p>
<p><font face="Arial, Helvetica" style="font-size:10pt;"><i>The performance data quoted represent past performance. Past performance is no guarantee of future results. The investment return and the principal value of an investment will fluctuate and shares, if sold, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Performance results reflect the effects of leverage, resulting from borrowings under a credit agreement. Current total returns of the Fund can be obtained by visiting our Web site at cohenandsteers.com. The Fund's returns assume the reinvestment of all dividends and distributions at prices obtained under the Fund's dividend reinvestment plan. Performance figures for periods shorter than one year are not annualized.</i></font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;"><i>The Fund implements fair value pricing when the daily change in a specific U.S. market index exceeds a predetermined percentage. Fair value pricing adjusts the valuation of certain non-U.S. holdings to account for such index change following the close of foreign markets. This standard practice has been adopted by a majority of the fund industry. In the event fair value pricing is implemented on the first and/or last day of a performance measurement period, the Fund's NAV return may diverge from the relative performance of its benchmark indices, which do not use fair value pricing. An investor cannot invest directly in an index.</i></font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;"><sup>a</sup>&nbsp;&nbsp;As a closed-end investment company, the price of the Fund's NYSE-traded shares will be set by market forces and at times may deviate from the NAV per share of the Fund.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;"><sup>b</sup>&nbsp;&nbsp;The FTSE NAREIT Equity REIT Index is an unmanaged, market-capitalization-weighted index of all publicly traded REITs that invest predominantly in the equity ownership of real estate. The index is designed to reflect the performance of all publicly traded equity REITs as a whole. The S&amp;P 500 Index is an unmanaged index of common stocks that is frequently used as a general measure of stock market performance. The BofA Merrill Lynch REIT Preferred Index is an unmanaged index of real estate preferred securities.</font></p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times"><br>1</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=1,FOLIO='1',FILE='12-15599-2.ba',USER='dxionga',CD='Aug 28 19:21 2012' -->
<br clear="all" style="page-break-before:always;">
<p align="center"><font face="Arial, Helvetica" style="font-size:18pt;"><b>COHEN &amp; STEERS QUALITY INCOME REALTY FUND, INC.</b></font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">The Fund makes regular quarterly distributions at a level rate (the "Policy"). Distributions paid by the Fund are subject to recharacterization for tax purposes and are taxable up to the amount of the Fund's investment company taxable income and net realized gains. As a result of the Policy, the Fund may pay distributions in excess of the Fund's investment company taxable income and realized gains. This excess would be a "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.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">Investment Review</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">U.S. real estate securities advanced in the first half of 2012 and outperformed the broader equity market. After a strong start, the pace of the rally cooled in the second quarter amid slowing economic growth with more-modest job creation. REITs nonetheless added to their first-quarter gains, while the S&amp;P 500 Index turned down. In a less-certain economic environment, investors appeared to favor REITs for their relatively stable lease-based cash flows and access to capital at historically attractive terms. Investors also took comfort in the mostly domestic profile of REITs' income, which made them less vulnerable to slowing growth and sovereign debt issues internationally.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">All property sectors advanced, led by owners of regional malls which had a total return of (+22.7%)<sup>c</sup> in the index. The group was aided by good earnings reports from leading companies and continued sales growth from mall tenants broadly. Simon Property Group reported first-quarter earnings that grew 13% compared with the first quarter of 2011, and announced a 5% dividend increase. Simon also acquired a 29% stake in Kl&eacute;pierre, a French retail landlord majority-owned by BNP Paribas. It was able to move quickly on this long-term growth opportunity, funding the transaction through a combination of common stock and unsecured debt.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">Office REITs (+13.7%) saw stronger-than-expected demand on the West Coast and in Manhattan. SL Green Realty was a standout, announcing one of the largest lease deals in New York City history with media tenant Viacom. In the diversified sector (+12.5%), data-center operator Digital Realty Trust announced the purchase of three facilities near London. Similar to Simon Property Group's venture into Europe, this was an example of a U.S. company using its low cost of capital to acquire attractively priced, higher-yielding European assets.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">The typically cyclical hotel sector (+12.8%) performed broadly in line with the typically defensive health care property sector (+12.7%), alternating leadership in the first and second quarters, respectively. Apartment REITs (+9.5%) underperformed, as improving sentiment in the single-family housing market prompted concerns of slower cash flow growth in the rental market.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;"><i>REIT preferred securities also advanced</i></font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">Preferred securities issued by REITs had a total return of +4.7% in the period as measured by the BofA Merrill Lynch REIT Preferred Index. The group was aided by the same factors that lifted real estate </font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;"><sup>c</sup>&nbsp;&nbsp;Sector returns as measured by the FTSE NAREIT Equity REIT Index.</font></p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times"><br>2</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=2,FOLIO='2',FILE='12-15599-2.ba',USER='dxionga',CD='Aug 28 19:21 2012' -->
<br clear="all" style="page-break-before:always;">
<p align="center"><font face="Arial, Helvetica" style="font-size:18pt;"><b>COHEN &amp; STEERS QUALITY INCOME REALTY FUND, INC.</b></font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">common shares (relatively stable and visible cash flows and a low cost of capital), and by demand for quality income in a low-yield environment.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;"><i>Fund performance</i></font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">The Fund had a positive total return and outperformed its benchmarks for the period. Factors that aided relative performance, based on NAV, compared with the blended benchmark included favorable security selection within the Fund's allocation to REIT preferreds. With regard to common stocks, performance was helped by security selection in the shopping center sector (+19.3% ) and our overweight in regional malls, specifically Simon Property Group.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">Stock selection in the hotel sector detracted from relative performance. Among our holdings was a U.S.-based company whose portfolio includes hotels in Europe. We believe it has good fundamentals, although revenue growth in dollar terms has been hindered recently by weakness in the Euro.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">The Fund employs leverage as part of a yield-enhancement strategy. Leverage, which can increase total return in rising markets (just as it can have the opposite effect in declining markets), supported the Fund's performance for the period compared with its benchmarks, which are not leveraged.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;"><i>Impact of derivatives on Fund performance</i></font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">In connection with its use of leverage, the Fund pays interest on borrowings based on a floating rate under the terms of its credit agreement. To reduce the impact that an increase in interest rates could have on the performance of the Fund with respect to these borrowings, the Fund used interest rate swaps to exchange the floating rate for a fixed rate. During the period, the Fund's use of swaps had a negative impact on the NAV and performance of the Fund.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">Investment Outlook</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">Recent disappointments in employment reports notwithstanding (monthly job gains below 100,000 in both May and June), we continue to expect slow but steady growth, with modest job creation. Such an environment should, in our view, allow for incremental gains in demand for real estate companies and continued low financing costs as interest rates remain low. Fundamentals in most sectors should, in our view, also be supported by only gradual additions to supply, to the potential benefit of property-level cash flow growth.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">Recent property transactions have largely confirmed our value estimates, but we continue to carefully evaluate our inputs. We have a modest cyclical lean (overweight in hotel and industrial companies), but with a defensive component in the portfolio. For this, high-quality malls are more appealing than health care companies, which are trading well above their historical premium to NAV.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">We have a generally favorable view of key office markets, including life sciences, technology and media, as well as New York offices broadly. We are marginally underweight apartments based on valuations and improved statistics for single-family homes, although we are monitoring the group for buying opportunities based on its relative underperformance versus other property sectors. We continue to favor prime retail owners, while staying cautious toward health care properties, suburban offices and secondary retail.</font></p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times"><br>3</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=3,FOLIO='3',FILE='12-15599-2.ba',USER='dxionga',CD='Aug 28 19:21 2012' -->
<br clear="all" style="page-break-before:always;">
<p align="center"><font face="Arial, Helvetica" style="font-size:18pt;"><b>COHEN &amp; STEERS QUALITY INCOME REALTY FUND, INC.</b></font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">Overall, we believe REIT preferred securities continue to have attractive total-return potential. The credit metrics of REITs continue to improve, and most are, in our view, well insulated from the troubles in Europe that have plagued other sectors. However, with call protection running low on many issues, we believe the total return from many REIT preferreds may come from coupon payments rather than price appreciation.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">Sincerely,</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td colspan="3" width="112" align="left" valign="top" style="padding:0pt .7pt 0pt 0pt;">
<img src="j12155992_ba001.jpg">
</td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="97" align="left" valign="top" style="padding:0pt .7pt 0pt 0pt;">
<img src="j12155992_ba002.jpg">
</td>
<td colspan="1">&nbsp;</td>
</tr>
<tr height="8"><td colspan="8" height="8"></td></tr>
<tr>
<td colspan="3" width="112" align="left" valign="top" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">MARTIN COHEN</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="97" align="left" valign="top" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">ROBERT H. STEERS</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr height="8"><td colspan="8" height="8"></td></tr>
<tr>
<td colspan="3" width="112" align="left" valign="top" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"><i>Co-chairman</i></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="97" align="left" valign="top" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"><i>Co-chairman</i></font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr height="8"><td colspan="8" height="8"></td></tr>
<tr>
<td colspan="3" width="112" align="left" valign="top" style="padding:0pt .7pt 0pt 0pt;">
<img src="j12155992_ba003.jpg">
</td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="97" align="left" valign="top" style="padding:0pt .7pt 0pt 0pt;">
<img src="j12155992_ba004.jpg">
</td>
<td colspan="1">&nbsp;</td>
</tr>
<tr height="8"><td colspan="8" height="8"></td></tr>
<tr>
<td colspan="3" width="112" align="left" valign="top" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">JOSEPH M. HARVEY</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="97" align="left" valign="top" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">WILLIAM F. SCAPELL</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr height="8"><td colspan="8" height="8"></td></tr>
<tr>
<td colspan="3" width="112" align="left" valign="top" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"><i>Portfolio Manager</i></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="97" align="left" valign="top" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"><i>Portfolio Manager</i></font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr height="8"><td colspan="8" height="8"></td></tr>
<tr>
<td colspan="3" width="112" align="left" valign="top" style="padding:0pt .7pt 0pt 0pt;">
<img src="j12155992_ba005.jpg">
</td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="97" align="left" valign="top" style="padding:0pt .7pt 0pt 0pt;">
<img src="j12155992_ba006.jpg">
</td>
<td colspan="1">&nbsp;</td>
</tr>
<tr height="8"><td colspan="8" height="8"></td></tr>
<tr>
<td colspan="3" width="112" align="left" valign="top" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">THOMAS N. BOHJALIAN</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="97" align="left" valign="top" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">JASON YABLON</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr height="8"><td colspan="8" height="8"></td></tr>
<tr>
<td colspan="3" width="112" align="left" valign="top" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"><i>Portfolio Manager</i></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="97" align="left" valign="top" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"><i>Portfolio Manager</i></font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr height="8"><td colspan="8" height="8"></td></tr>
</table>

<p style="margin:0pt 0pt 0pt 0pt; height:18pt;">&nbsp;</p>
<p><font face="Arial, Helvetica" style="font-size:10pt;"><i>The views and opinions in the preceding commentary are subject to change. There is no guarantee that any market forecast set forth in the commentary will be realized. This material represents an assessment of the market environment at a specific point in time, should not be relied upon as investment advice and is not intended to predict or depict performance of any investment.</i></font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:10pt;">Visit Cohen &amp; Steers online at cohenandsteers.com</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">For more information about any of our funds, visit cohenandsteers.com, where you will find daily net asset values, fund fact sheets and portfolio highlights. You can also access newsletters, education tools and market updates covering the global real estate, commodities, global natural resource equities, listed infrastructure, utilities, large cap value and preferred securities sectors.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">In addition, our Web site contains comprehensive information about our firm, including our most recent press releases, profiles of our senior investment professionals and an overview of our investment approach.</font></p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times"><br>4</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=4,FOLIO='4',FILE='12-15599-2.ba',USER='dxionga',CD='Aug 28 19:21 2012' -->
<br clear="all" style="page-break-before:always;">
<p align="center"><font face="Arial, Helvetica" style="font-size:18pt;"><b>COHEN &amp; STEERS QUALITY INCOME REALTY FUND, INC.</b></font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:10pt;">Our Leverage Strategy <BR>(Unaudited)</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">Our current leverage strategy utilizes borrowings up to the maximum permitted by the Investment Company Act of 1940 to provide additional capital for the Fund, with an objective of increasing the net income available for shareholders. As of June 30, 2012, leverage represented 28% of the Fund's managed assets.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">It has been our philosophy to utilize interest rate swap transactions to seek to reduce the interest rate risk inherent in our utilization of leverage. Considering that the Fund's borrowings have variable interest rate payments, we seek to lock in those rates on a significant portion of this additional capital through interest rate swap agreements (where we effectively convert our variable-rate obligations to fixed-rate obligations for the term of the swap agreements). Specifically, as of June 30, 2012, we have fixed the rate on 70% of our borrowings at an average interest rate of 3.0% for an average remaining period of 1.9 years (when we first entered into the swaps, the average term was 5.2 years). Locking in a significant portion of our leveraging costs is designed to protect the dividend-paying ability of the Fund. The use of leverage increases the volatility of the Fund's net asset value in both up and down markets. However, we believe that locking in a portion of the Fund's leveraging costs for the term of the swap agreements partially protects the Fund's expenses from an increase in short-term interest rates.</font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:10pt;">Leverage Facts<sup>a</sup></font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td colspan="3" width="193" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Leverage (as a % of managed assets)</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="59" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">28</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">%</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="193" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">%</font><font face="Arial, Helvetica" style="font-size:10pt;"> Fixed Rate&nbsp;</font><font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="59" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">70</font></td>
<td colspan="1" width="25" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">%</font></td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="193" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">%</font><font face="Arial, Helvetica" style="font-size:10pt;"> Variable Rate&nbsp;</font><font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="59" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">30</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">%</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="193" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Weighted Average Rate on Swaps</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="59" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">3.0</font></td>
<td colspan="1" width="25" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">%</font></td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="193" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Weighted Average Term on Swaps</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="59" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">1.9 </font><font face="Arial, Helvetica" style="font-size:10pt;">years</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="193" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Current Rate on Debt<sup>b</sup></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="59" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">1.2</font></td>
<td colspan="1" width="25" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">%</font></td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
</table>

<p style="margin:0pt 0pt 0pt 0pt; height:18pt;">&nbsp;</p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">The Fund seeks to enhance its dividend yield through leverage. The use of leverage is a speculative technique and there are special risks and costs associated with leverage. The net asset value of the Fund's common shares may be reduced by the issuance and ongoing costs of leverage. So long as the Fund is able to invest in securities that produce an investment yield that is greater than the total cost of leverage, the leverage strategy will produce higher current net investment income for the common shareholders. On the other hand, to the extent that the total cost of leverage exceeds the incremental income gained from employing such leverage, the common shareholders would realize lower net investment income. In addition to the impact on net income, the use of leverage will have an effect of magnifying capital appreciation or depreciation for common shareholders. Specifically, in an up market, leverage will typically generate greater capital appreciation than if the Fund were not employing leverage. Conversely, in down markets, the use of leverage will generally result in greater capital depreciation than if the Fund had been unlevered. To the extent that the Fund is required or elects to reduce its leverage, the Fund may need to liquidate investments, including under adverse economic conditions which may result in capital losses potentially reducing returns to common shareholders. There can be no assurance that a leveraging strategy will be successful during any period in which it is employed.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;"><sup>a</sup>&nbsp;&nbsp;Data as of June 30, 2012. Information is subject to change.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;"><sup>b</sup>&nbsp;&nbsp;See Note 7 in Notes to Financial Statements.</font></p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times"><br>5</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=5,FOLIO='5',FILE='12-15599-2.ba',USER='dxionga',CD='Aug 28 19:21 2012' -->
<br clear="all" style="page-break-before:always;">
<p align="center"><font face="Arial, Helvetica" style="font-size:18pt;"><b>COHEN &amp; STEERS QUALITY INCOME REALTY FUND, INC.</b></font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:10pt;">June 30, 2012</font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:10pt;">Top Ten Holdings<sup>a</sup><BR>(Unaudited)</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td colspan="3" width="138" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Security</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="106" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Value</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="76" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">% of<BR></font><font face="Arial, Helvetica" style="font-size:10pt;">Managed<BR></font><font face="Arial, Helvetica" style="font-size:10pt;">Assets</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="138" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Simon Property Group</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">$</font></td>
<td colspan="1" width="76" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">161,535,231</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="60" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">9.8</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="138" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Vornado Realty Trust</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="76" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">90,222,234</font></td>
<td colspan="1" width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="60" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">5.5</font></td>
<td colspan="1" width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="138" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Equity Residential</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="76" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">78,885,525</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="60" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">4.8</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="138" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Prologis</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="76" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">75,889,611</font></td>
<td colspan="1" width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="60" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">4.6</font></td>
<td colspan="1" width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="138" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">HCP</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="76" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">54,924,145</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="60" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">3.3</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="138" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Public Storage</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="76" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">49,830,981</font></td>
<td colspan="1" width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="60" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">3.0</font></td>
<td colspan="1" width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="138" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Boston Properties</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="76" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">49,216,561</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="60" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">3.0</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="138" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Ventas</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="76" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">45,223,713</font></td>
<td colspan="1" width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="60" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">2.7</font></td>
<td colspan="1" width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="138" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">AvalonBay Communities</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="76" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">45,114,011</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="60" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">2.7</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="138" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">General Growth Properties</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="76" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">40,237,587</font></td>
<td colspan="1" width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="60" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">2.4</font></td>
<td colspan="1" width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
</table>

<p style="margin:0pt 0pt 0pt 0pt; height:18pt;">&nbsp;</p>
<p><font face="Arial, Helvetica" style="font-size:10pt;"><sup>a</sup>&nbsp;&nbsp;Top ten holdings are determined on the basis of the value of individual securities held. All of the securities listed above are common stock. The Fund may also hold positions in other types of securities issued by the companies listed above. See the Schedule of Investments for additional details on such other positions.</font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:10pt;">Sector Breakdown</font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:10pt;">(Based on Managed Assets)<BR>(Unaudited)</font></p>
<p align="center"><img src="j12155992_ba007.jpg" height="202 pt" width="452 pt">
</p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times"><br>6</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=6,FOLIO='6',FILE='12-15599-2.ba',USER='dxionga',CD='Aug 28 19:21 2012' -->
<br clear="all" style="page-break-before:always;">


<br clear="all" style="page-break-before:always;">
<!-- Document name: 12-15599-2.ca-->
<p align="center"><font face="Arial, Helvetica" style="font-size:18pt;"><b>COHEN &amp; STEERS QUALITY INCOME REALTY FUND, INC.</b></font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:10pt;">SCHEDULE OF INVESTMENTS</font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:10pt;">June 30, 2012 (Unaudited)</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td colspan="3" width="271" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="111" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Number<BR></font><font face="Arial, Helvetica" style="font-size:10pt;">of Shares</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="126" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Value</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">COMMON STOCK&#151;REAL ESTATE</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">109.8%</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">DIVERSIFIED</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">8.3%</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">American Assets Trust<sup>a,b</sup></font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">363,105</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">$</font></td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">8,805,296</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">BGP Holdings PLC (EUR)(Australia)<sup>c,d,e</sup></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">3,927,678</font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">0</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Vornado Realty Trust<sup>a,b</sup></font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">1,074,330</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">90,222,234</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="7" width="323" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="25" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">99,027,530</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">HEALTH CARE</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">11.0%</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Brookdale Senior Living<sup>e</sup></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">731,628</font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">12,979,081</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">HCP<sup>a,b</sup></font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">1,244,035</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">54,924,145</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Healthcare Realty Trust</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">732,216</font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">17,456,029</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Ventas<sup>a,b</sup></font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">716,472</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">45,223,713</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="7" width="323" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="25" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">130,582,968</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">HOTEL</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">8.0%</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Hersha Hospitality Trust<sup>a</sup></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">2,655,728</font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">14,022,244</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Host Hotels &amp; Resorts<sup>a,b</sup></font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">1,953,727</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">30,907,961</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Hyatt Hotels Corp., Class A<sup>a,e</sup></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">728,140</font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">27,057,682</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">RLJ Lodging Trust</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">236,590</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">4,289,377</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Starwood Hotels &amp; Resorts Worldwide</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">221,507</font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">11,748,731</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Strategic Hotels &amp; Resorts Worldwide<sup>e</sup></font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">1,220,306</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">7,883,177</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="7" width="323" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="25" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">95,909,172</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">INDUSTRIAL</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">7.4%</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">DCT Industrial Trust</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">1,112,500</font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">7,008,750</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">First Industrial Realty Trust<sup>a,b,e</sup></font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">430,900</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">5,437,958</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Prologis<sup>a,b</sup></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">2,283,768</font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">75,889,611</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="7" width="323" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">88,336,319</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">OFFICE</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">14.5%</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="25" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="19" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Alexandria Real Estate Equities<sup>a,b</sup></font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">272,666</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">19,828,271</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Boston Properties<sup>a,b</sup></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">454,153</font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">49,216,561</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Brookfield Office Properties (Canada)<sup>a</sup></font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">1,119,418</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">19,500,261</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Corporate Office Properties Trust<sup>a</sup></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">395,815</font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">9,305,611</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Hudson Pacific Properties<sup>f</sup></font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">798,234</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">13,897,254</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Kilroy Realty Corp.<sup>a</sup></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">351,712</font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">17,026,378</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Liberty Property Trust<sup>a,b</sup></font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">236,925</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">8,728,317</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">SL Green Realty Corp.<sup>a,b</sup></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">432,557</font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">34,708,374</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="7" width="323" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">172,211,027</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
</table>

<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times">See accompanying notes to financial statements.<br>7</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=7,FOLIO='7',FILE='12-15599-2.ca',USER='105707',CD='Aug 23 15:34 2012' -->
<br clear="all" style="page-break-before:always;">
<p align="center"><font face="Arial, Helvetica" style="font-size:18pt;"><b>COHEN &amp; STEERS QUALITY INCOME REALTY FUND, INC.</b></font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:10pt;">SCHEDULE OF INVESTMENTS&#151;(Continued)</font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:10pt;">June 30, 2012 (Unaudited)</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td colspan="3" width="271" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="111" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Number<BR></font><font face="Arial, Helvetica" style="font-size:10pt;">of Shares</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="126" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Value</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">OFFICE/INDUSTRIAL</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">1.4%</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">PS Business Parks</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">244,514</font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">$</font></td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">16,558,488</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">RESIDENTIAL</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">22.2%</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">APARTMENT</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">21.2%</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">American Campus Communities<sup>a</sup></font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">187,100</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">8,415,758</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Apartment Investment &amp; Management Co.<sup>a</sup></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">1,113,104</font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">30,087,201</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Associated Estates Realty Corp.<sup>a,b</sup></font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">736,790</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">11,015,010</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">AvalonBay Communities<sup>a,b</sup></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">318,872</font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">45,114,011</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Colonial Properties Trust</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">608,000</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">13,461,120</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Education Realty Trust<sup>a,b</sup></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">1,115,761</font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">12,362,632</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Equity Residential<sup>a,b</sup></font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">1,265,002</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">78,885,525</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Essex Property Trust</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">107,500</font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">16,546,400</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Mid-America Apartment Communities</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">202,229</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">13,800,107</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">UDR<sup>a</sup></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">884,565</font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">22,857,160</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="7" width="323" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">252,544,924</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">MANUFACTURED HOME</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">1.0%</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="25" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="19" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Equity Lifestyle Properties<sup>a</sup></font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">173,289</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">11,951,742</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">TOTAL RESIDENTIAL</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="111" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">264,496,666</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">SELF STORAGE</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">5.6%</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">CubeSmart<sup>a</sup></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">726,538</font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">8,478,698</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Public Storage<sup>a,b</sup></font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">345,066</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">49,830,981</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Sovran Self Storage</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">176,667</font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">8,849,250</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="7" width="323" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">67,158,929</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">SHOPPING CENTER</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">27.7%</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="25" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="19" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">COMMUNITY CENTER</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">7.9%</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Acadia Realty Trust<sup>a,b</sup></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">364,529</font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">8,449,782</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Federal Realty Investment Trust<sup>a,b</sup></font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">293,027</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">30,501,180</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Kimco Realty Corp.<sup>a,b</sup></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">444,249</font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">8,454,058</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Ramco-Gershenson Properties Trust</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">939,093</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">11,804,399</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Regency Centers Corp.<sup>a,b</sup></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">662,152</font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">31,498,571</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Retail Properties of America</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">285,955</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">2,779,483</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="7" width="323" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="25" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">93,487,473</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
</table>

<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times">See accompanying notes to financial statements.<br>8</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=8,FOLIO='8',FILE='12-15599-2.ca',USER='105707',CD='Aug 23 15:34 2012' -->
<br clear="all" style="page-break-before:always;">
<p align="center"><font face="Arial, Helvetica" style="font-size:18pt;"><b>COHEN &amp; STEERS QUALITY INCOME REALTY FUND, INC.</b></font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:10pt;">SCHEDULE OF INVESTMENTS&#151;(Continued)</font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:10pt;">June 30, 2012 (Unaudited)</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td colspan="3" width="271" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="111" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Number<BR></font><font face="Arial, Helvetica" style="font-size:10pt;">of Shares</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="126" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Value</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">REGIONAL MALL</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">19.8%</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">General Growth Properties<sup>a,b</sup></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">2,224,300</font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">$</font></td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">40,237,587</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Glimcher Realty Trust</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">845,900</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">8,645,098</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Simon Property Group<sup>a,b</sup></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">1,037,744</font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">161,535,231</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Taubman Centers</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">331,996</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">25,616,812</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="7" width="323" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="25" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">236,034,728</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">TOTAL SHOPPING CENTER</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="111" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">329,522,201</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">SPECIALTY</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">3.7%</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="25" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="19" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Digital Realty Trust<sup>a,b</sup></font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">409,291</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">30,725,475</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">DuPont Fabros Technology<sup>a,b</sup></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">451,757</font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">12,902,180</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="7" width="323" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">43,627,655</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">TOTAL COMMON STOCK <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">(Identified cost&#151;$929,910,591)</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="111" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">1,307,430,955</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">PREFERRED SECURITIES&#151;$25 PAR VALUE</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">20.5%</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">BANK</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">0.6%</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Countrywide Capital IV, 6.75%, due 4/1/33</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">110,000</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">2,701,600</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Countrywide Capital V, 7.00%, due 11/1/36</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">189,068</font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">4,698,340</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="7" width="323" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">7,399,940</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">BANK&#151;FOREIGN</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">0.3%</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="25" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="19" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Royal Bank of Scotland Group PLC, 6.40%, <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">Series M</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">200,000</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">3,504,000</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">INSURANCE</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">1.1%</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="25" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="19" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">MULTI-LINE</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">0.2%</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Hartford Financial Services Group, 7.875%, <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">due 4/15/42</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">70,000</font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">1,892,800</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">MULTI-LINE&#151;FOREIGN</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">0.5%</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">ING Groep N.V., 7.05%<sup>a</sup></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">165,000</font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">3,844,500</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">ING Groep N.V., 7.375%</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">100,000</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">2,382,000</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="7" width="323" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="25" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">6,226,500</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">REINSURANCE&#151;FOREIGN</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">0.4%</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Axis Capital Holdings Ltd., 6.875%, Series C</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">100,000</font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">2,679,000</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Endurance Specialty Holdings Ltd., 7.50%, Series B</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">98,500</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">2,591,535</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="7" width="323" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="25" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">5,270,535</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">TOTAL INSURANCE</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="111" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">13,389,835</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
</table>

<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times">See accompanying notes to financial statements.<br>9</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=9,FOLIO='9',FILE='12-15599-2.ca',USER='105707',CD='Aug 23 15:34 2012' -->
<br clear="all" style="page-break-before:always;">
<p align="center"><font face="Arial, Helvetica" style="font-size:18pt;"><b>COHEN &amp; STEERS QUALITY INCOME REALTY FUND, INC.</b></font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:10pt;">SCHEDULE OF INVESTMENTS&#151;(Continued)</font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:10pt;">June 30, 2012 (Unaudited)</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td colspan="3" width="271" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="111" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Number<BR></font><font face="Arial, Helvetica" style="font-size:10pt;">of Shares</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="126" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Value</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">INTEGRATED TELECOMMUNICATIONS SERVICES</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">0.2%</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Qwest Corp., 7.50%, due 9/15/51</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">101,105</font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">$</font></td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">2,674,227</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">REAL ESTATE</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">18.3%</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">DIVERSIFIED</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">4.9%</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Capital Lease Funding, 8.125%, Series A<sup>a</sup></font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">105,370</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">2,632,143</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Caplease, 8.375%, Series B</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">98,400</font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">2,504,280</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Colony Financial, 8.50%, Series A</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">170,000</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">4,340,100</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Cousins Properties, 7.50%, Series B<sup>a</sup></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">307,775</font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">7,762,085</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">DuPont Fabros Technology, 7.875%, Series A<sup>a</sup></font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">200,000</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">5,232,000</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">DuPont Fabros Technology, 7.625%, Series B<sup>a</sup></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">230,000</font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">5,975,400</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Forest City Enterprises, 7.375%, due 2/1/34</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">580,000</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">13,786,600</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Lexington Realty Trust, 6.50%, Series C <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">($</font><font face="Arial, Helvetica" style="font-size:10pt;">50 </font><font face="Arial, Helvetica" style="font-size:10pt;">Par Value)<sup>a</sup></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">76,395</font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">3,394,994</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Lexington Realty Trust, 7.55%, Series D<sup>a</sup></font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">515,025</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">12,932,278</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="7" width="323" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="25" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">58,559,880</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">HOTEL</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">4.2%</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Ashford Hospitality Trust, 9.00%, Series E<sup>a</sup></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">405,000</font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">10,631,250</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Hersha Hospitality Trust, 8.00%, Series B<sup>a</sup></font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">150,000</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">3,817,500</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Hospitality Properties Trust, 7.125%, Series D<sup>f</sup></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">150,000</font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">3,990,000</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">LaSalle Hotel Properties, 7.25%, Series G<sup>a</sup></font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">350,195</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">8,814,408</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Pebblebrook Hotel Trust, 7.875%, Series A<sup>a</sup></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">220,000</font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">5,693,600</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Strategic Hotels &amp; Resorts, 8.25%, Series B</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">200,989</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">4,785,548</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Strategic Hotels &amp; Resorts, 8.25%, Series C</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">142,381</font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">3,394,363</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Sunstone Hotel Investors, 8.00%, Series A<sup>a</sup></font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">160,450</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">3,995,205</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Sunstone Hotel Investors, 8.00%, Series D</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">180,000</font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">4,571,100</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="7" width="323" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">49,692,974</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">INDUSTRIAL</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">0.9%</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="25" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="19" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">First Potomac Realty Trust, 7.75%, Series A<sup>a</sup></font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">130,000</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">3,287,700</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Monmouth Real Estate Investment Corp., 7.63%, <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">Series A<sup>c</sup></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">200,000</font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">5,194,000</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Monmouth Real Estate Investment Corp., 7.875%, <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">Series B<sup>c</sup></font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">80,000</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">2,114,400</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="7" width="323" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="25" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">10,596,100</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
</table>

<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times">See accompanying notes to financial statements.<br>10</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=10,FOLIO='10',FILE='12-15599-2.ca',USER='105707',CD='Aug 23 15:34 2012' -->
<br clear="all" style="page-break-before:always;">
<p align="center"><font face="Arial, Helvetica" style="font-size:18pt;"><b>COHEN &amp; STEERS QUALITY INCOME REALTY FUND, INC.</b></font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:10pt;">SCHEDULE OF INVESTMENTS&#151;(Continued)</font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:10pt;">June 30, 2012 (Unaudited)</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td colspan="3" width="271" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="111" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Number<BR></font><font face="Arial, Helvetica" style="font-size:10pt;">of Shares</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="126" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Value</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">OFFICE</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">2.2%</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">BioMed Realty Trust, 7.375%, Series A<sup>a</sup></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">174,441</font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">$</font></td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">4,423,823</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">CommonWealth REIT, 6.50%, Series D (Convertible)<sup>a</sup></font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">173,800</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">3,814,910</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Corporate Office Properties Trust, 7.625%, Series J<sup>a</sup></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">263,900</font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">6,615,973</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Corporate Office Properties Trust, 7.375%, Series L</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">160,000</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">4,038,400</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Hudson Pacific Properties, 8.375%, Series B</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">90,000</font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">2,399,400</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">SL Green Realty Corp., 7.625%, Series C<sup>a</sup></font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">165,034</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">4,246,325</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="7" width="323" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="25" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">25,538,831</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">RESIDENTIAL</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">1.7%</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">APARTMENT</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">1.3%</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Alexandria Real Estate Equities, 7.00%, Series D<sup>a</sup></font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">200,000</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">5,300,000</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Apartment Investment &amp; Management Co., 7.75%, <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">Series U<sup>a</sup></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">424,750</font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">10,627,245</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="7" width="323" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">15,927,245</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">MANUFACTURED HOME</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">0.4%</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="25" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="19" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Equity Lifestyle Properties, 8.034%, Series A<sup>a</sup></font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">170,000</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">4,447,200</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">TOTAL RESIDENTIAL</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="111" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">20,374,445</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">SHOPPING CENTER</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">4.0%</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">COMMUNITY CENTER</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">1.6%</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Cedar Shopping Centers, 8.875%, Series A<sup>a</sup></font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">188,456</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">4,796,205</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">DDR Corp., 7.375%, Series H<sup>a</sup></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">284,331</font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">7,128,178</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Kite Realty Group Trust, 8.25%, Series A</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">140,000</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">3,570,000</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Urstadt Biddle Properties, 8.50%, Series C <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">($</font><font face="Arial, Helvetica" style="font-size:10pt;">100 </font><font face="Arial, Helvetica" style="font-size:10pt;">Par Value)<sup>c</sup></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">30,000</font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">3,135,900</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="7" width="323" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">18,630,283</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">REGIONAL MALL</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">2.4%</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="25" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="19" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">CBL &amp; Associates Properties, 7.75%, Series C<sup>a</sup></font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">155,000</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">3,949,400</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">CBL &amp; Associates Properties, 7.375%, Series D<sup>a</sup></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">726,988</font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">18,574,544</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Pennsylvania REIT, 8.25%, Series A</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">159,000</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">4,094,250</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Simon Property Group, 8.375%, Series J <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">($</font><font face="Arial, Helvetica" style="font-size:10pt;">50 </font><font face="Arial, Helvetica" style="font-size:10pt;">Par Value)<sup>c</sup></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">35,941</font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">2,461,599</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="7" width="323" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">29,079,793</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">TOTAL SHOPPING CENTER</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="111" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">47,710,076</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
</table>

<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times">See accompanying notes to financial statements.<br>11</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=11,FOLIO='11',FILE='12-15599-2.ca',USER='105707',CD='Aug 23 15:34 2012' -->
<br clear="all" style="page-break-before:always;">
<p align="center"><font face="Arial, Helvetica" style="font-size:18pt;"><b>COHEN &amp; STEERS QUALITY INCOME REALTY FUND, INC.</b></font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:10pt;">SCHEDULE OF INVESTMENTS&#151;(Continued)</font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:10pt;">June 30, 2012 (Unaudited)</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td colspan="3" width="271" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="111" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Number<BR></font><font face="Arial, Helvetica" style="font-size:10pt;">of Shares</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="126" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Value</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">SPECIALTY</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">0.4%</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="126" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Entertainment Properties Trust, 9.00%, Series E<sup>a</sup></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">191,000</font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">$</font></td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">5,214,300</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">TOTAL REAL ESTATE</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="111" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">217,686,606</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">TOTAL PREFERRED SECURITIES&#151;$25 PAR VALUE <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">(Identified cost&#151;$228,943,044)</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="111" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">244,654,608</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">PREFERRED SECURITIES&#151;CAPITAL SECURITIES</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">4.4%</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="126" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">BANK</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">0.9%</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Citigroup Capital III, 7.625%, due 12/1/36<sup>a</sup></font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">4,000,000</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">4,250,176</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Farm Credit Bank of Texas, 10.00%, due 12/15/20, <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">($1,000 Par Value) Series I<sup>a</sup></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">6,000</font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">6,997,500</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="7" width="323" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">11,247,676</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">BANK&#151;FOREIGN</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">1.0%</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="25" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="19" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Abbey National Capital Trust I, 8.963%, due 12/29/49</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">5,000,000</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">4,825,000</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">HSBC Capital Funding LP, 10.176%, <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">due 12/29/49, 144A<sup>g</sup></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">2,229,000</font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">2,897,700</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">LBG Capital No.1 PLC, 8.00%, due 12/29/49, 144A<sup>g</sup></font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">4,300,000</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">3,655,000</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="7" width="323" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="25" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">11,377,700</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">INSURANCE</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">2.4%</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">MULTI-LINE</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">1.1%</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">American International Group, 8.175%, <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">due 5/15/58, (FRN)<sup>a</sup></font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">7,420,000</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">8,087,800</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">MetLife Capital Trust IV, 7.875%, due 12/15/37, 144A<sup>g</sup></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">4,000,000</font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">4,460,000</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="7" width="323" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">12,547,800</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">MULTI-LINE&#151;FOREIGN</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">0.3%</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="25" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="19" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">AXA SA, 6.379%, due 12/31/49, 144A<sup>g</sup></font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">5,000,000</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">3,950,000</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">PROPERTY CASUALTY</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">0.5%</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="25" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="19" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Liberty Mutual Group, 7.80%, due 3/15/37, 144A<sup>a,g</sup></font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">5,525,000</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">5,607,875</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">REINSURANCE&#151;FOREIGN</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">0.5%</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="25" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="19" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Catlin Insurance Co., 7.249%, due 12/31/49, 144A<sup>a,g</sup></font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">6,640,000</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">5,893,000</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">TOTAL INSURANCE</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="111" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">27,998,675</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">REAL ESTATE&#151;DIVERSIFIED</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">0.1%</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">IVG Immobilien AG, 8.00% (Germany)(EUR)<sup>c,e,h</sup></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">3,500,000</font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">1,705,260</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">TOTAL PREFERRED SECURITIES&#151;CAPITAL SECURITIES <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">(Identified cost&#151;$53,615,665)</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="111" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">52,329,311</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
</table>

<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times">See accompanying notes to financial statements.<br>12</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=12,FOLIO='12',FILE='12-15599-2.ca',USER='105707',CD='Aug 23 15:34 2012' -->
<br clear="all" style="page-break-before:always;">
<p align="center"><font face="Arial, Helvetica" style="font-size:18pt;"><b>COHEN &amp; STEERS QUALITY INCOME REALTY FUND, INC.</b></font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:10pt;">SCHEDULE OF INVESTMENTS&#151;(Continued)</font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:10pt;">June 30, 2012 (Unaudited)</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td colspan="3" width="271" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="111" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Principal<BR></font><font face="Arial, Helvetica" style="font-size:10pt;">Amount</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="126" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Value</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">CORPORATE BONDS</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">2.9%</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="126" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">BANK</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">0.2%</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">RBS Capital Trust B, 6.80%, due 12/29/49</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">$</font></td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">4,000,000</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">$</font></td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">2,672,000</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">DIVERSIFIED FINANCIAL SERVICES</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">0.6%</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="25" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="19" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">General Electric Capital Corp., 7.125%, due 12/15/49, <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">Series A</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">7,000,000</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">7,422,632</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">INTEGRATED TELECOMMUNICATIONS SERVICES</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">0.8%</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="25" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="19" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">CenturyLink, 7.65%, due 3/15/42</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">9,000,000</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">8,760,105</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">REAL ESTATE</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">1.3%</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="25" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="19" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">OFFICE</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">0.4%</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">BR Properties SA, 9.00%, due 10/29/49, <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">144</font><font face="Arial, Helvetica" style="font-size:10pt;">A (Brazil)<sup>g</sup></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">4,000,000</font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">4,220,000</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">SHOPPING CENTER</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">0.9%</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">BR Malls International Finance Ltd., 8.50%, <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">due 1/29/49, 144A (Brazil)<sup>c,g</sup></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">4,000,000</font></td>
<td colspan="1" width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">4,184,000</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">General Shopping Finance Ltd., 10.00%, <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">due 11/29/49, 144A<sup>c,g</sup></font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">7,415,000</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">7,155,646</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="7" width="323" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="25" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">11,339,646</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">TOTAL REAL ESTATE</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="52" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="111" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">15,559,646</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">TOTAL CORPORATE BONDS <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">(Identified cost&#151;$34,264,266)</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="52" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="111" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">34,414,383</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
</table>

<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times">See accompanying notes to financial statements.<br>13</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=13,FOLIO='13',FILE='12-15599-2.ca',USER='105707',CD='Aug 23 15:34 2012' -->
<br clear="all" style="page-break-before:always;">
<p align="center"><font face="Arial, Helvetica" style="font-size:18pt;"><b>COHEN &amp; STEERS QUALITY INCOME REALTY FUND, INC.</b></font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:10pt;">SCHEDULE OF INVESTMENTS&#151;(Continued)</font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:10pt;">June 30, 2012 (Unaudited)</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td colspan="3" width="271" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="85" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="94" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Number<BR></font><font face="Arial, Helvetica" style="font-size:10pt;">of Shares</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="126" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Value</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">SHORT-TERM INVESTMENTS</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="52" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">1.1%</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="15" width="592" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">MONEY MARKET FUNDS</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">BlackRock Liquidity Funds: FedFund, 0.01%<sup>i</sup></font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="85" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">6,700,265</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">$</font></td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">6,700,265</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Federated Government Obligations Fund, 0.01%<sup>i</sup></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="85" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">6,700,236</font></td>
<td colspan="1" width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">6,700,236</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">TOTAL SHORT-TERM INVESTMENTS <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">(Identified cost&#151;$13,400,501)</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="85" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">13,400,501</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:5pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">TOTAL INVESTMENTS (Identified cost&#151;$1,260,134,067)</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="8" valign="bottom" style="padding:5pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="52" align="right" valign="bottom" style="padding:5pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">138.7</font></td>
<td colspan="1" width="25" align="left" valign="bottom" style="padding:5pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">%</font></td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:5pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:5pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="8" valign="bottom" style="padding:5pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:5pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:5pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">1,652,229,758</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:5pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" bgcolor="#cceeff" align="left" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">LIABILITIES IN EXCESS OF OTHER ASSETS</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="52" bgcolor="#cceeff" align="right" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">(38.7</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" align="left" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">)</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">(460,883,029</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" align="left" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">)</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="271" align="left" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">NET ASSETS (Equivalent to $10.83 per share based on <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">109,998,718 shares of common stock outstanding)</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="8" valign="bottom" style="padding:2pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="52" align="right" valign="bottom" style="padding:2pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">100.0</font></td>
<td colspan="1" width="25" align="left" valign="bottom" style="padding:2pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">%</font></td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="8" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" align="right" valign="bottom" style="padding:2pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">$</font></td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:2pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">1,191,346,729</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:2pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
</table>

<p><font face="Arial, Helvetica" style="font-size:10pt;">Note: Percentages indicated are based on the net assets of the Fund.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;"><sup>a</sup>&nbsp;&nbsp;A portion or all of the security is pledged in connection with the revolving credit agreement. $955,669,281 in aggregate has been pledged as collateral.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;"><sup>b</sup>&nbsp;&nbsp;A portion or all of the security has been rehypothecated in connection with the Fund's revolving credit agreement. $428,296,790 in aggregate has been rehypothecated.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;"><sup>c</sup>&nbsp;&nbsp;Illiquid security. Aggregate holdings equal 2.2% of the net assets of the Fund.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;"><sup>d</sup>&nbsp;&nbsp;Fair valued security. This security has been valued at its fair value as determined in good faith under procedures established by and under the general supervision of the Fund's Board of Directors. Aggregate fair valued securities represent 0.0% of the net assets of the Fund.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;"><sup>e</sup>&nbsp;&nbsp;Non-income producing security.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;"><sup>f</sup>&nbsp;&nbsp;A portion of the security is segregated as collateral for interest rate swap transactions. $13,771,000 in aggregate has been segregated as collateral.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;"><sup>g</sup>&nbsp;&nbsp;Resale is restricted to qualified institutional investors. Aggregate holdings equal 3.5% of the net assets of the Fund, of which 1.0% are illiquid.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;"><sup>h</sup>&nbsp;&nbsp;Security is in default.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;"><sup>i</sup>&nbsp;&nbsp;Rate quoted represents the seven-day yield of the fund.</font></p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times">See accompanying notes to financial statements.<br>14</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=14,FOLIO='14',FILE='12-15599-2.ca',USER='105707',CD='Aug 23 15:34 2012' -->
<br clear="all" style="page-break-before:always;">
<p align="center"><font face="Arial, Helvetica" style="font-size:18pt;"><b>COHEN &amp; STEERS QUALITY INCOME REALTY FUND, INC.</b></font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:10pt;">SCHEDULE OF INVESTMENTS&#151;(Continued)</font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:10pt;">June 30, 2012 (Unaudited)</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">Interest rate swaps outstanding at June 30, 2012 were as follows:</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td colspan="3" width="122" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Counterparty</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="100" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Notional<BR></font><font face="Arial, Helvetica" style="font-size:9pt;">Amount</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="82" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Fixed<BR></font><font face="Arial, Helvetica" style="font-size:9pt;">Rate<BR></font><font face="Arial, Helvetica" style="font-size:9pt;">Payable</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="116" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Floating Rate<sup>a<BR></sup></font><font face="Arial, Helvetica" style="font-size:9pt;">(resets monthly)<BR></font><font face="Arial, Helvetica" style="font-size:9pt;">Receivable</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="108" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Termination<BR></font><font face="Arial, Helvetica" style="font-size:9pt;">Date</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="114" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Unrealized<BR></font><font face="Arial, Helvetica" style="font-size:9pt;">Depreciation</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="122" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Merrill Lynch Derivative<BR></font><font face="Arial, Helvetica" style="font-size:10pt;">Products Ag<sup>b</sup></font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">$</font></td>
<td colspan="1" width="70" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">15,000,000</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="49" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">2.934</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">%</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="83" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">0.245</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">%</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="108" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">July 25, 2012</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">$</font></td>
<td colspan="1" width="73" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">(31,364</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">)</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="122" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Merrill Lynch Derivative<BR></font><font face="Arial, Helvetica" style="font-size:10pt;">Products Ag<sup>b</sup></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">$</font></td>
<td colspan="1" width="70" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">35,000,000</font></td>
<td colspan="1" width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="49" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">3.430</font></td>
<td colspan="1" width="25" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">%</font></td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="83" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">0.245</font></td>
<td colspan="1" width="25" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">%</font></td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="3" width="108" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">November 22, 2012</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="73" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">(467,238</font></td>
<td colspan="1" width="19" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">)</font></td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="122" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Merrill Lynch Derivative<BR></font><font face="Arial, Helvetica" style="font-size:10pt;">Products Ag<sup>b</sup></font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">$</font></td>
<td colspan="1" width="70" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">88,000,000</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="49" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">3.600</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">%</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="83" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">0.245</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">%</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="108" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">January 29, 2014</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="73" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">(4,549,308</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">)</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="122" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Royal Bank of Canada</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">$</font></td>
<td colspan="1" width="70" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">20,000,000</font></td>
<td colspan="1" width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="49" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">3.615</font></td>
<td colspan="1" width="25" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">%</font></td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="83" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">0.243</font></td>
<td colspan="1" width="25" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">%</font></td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="3" width="108" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">January 16, 2013</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="73" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">(390,420</font></td>
<td colspan="1" width="19" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">)</font></td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="122" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Royal Bank of Canada</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">$</font></td>
<td colspan="1" width="70" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">70,000,000</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="49" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">1.865</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">%</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="83" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">0.241</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">%</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="108" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">June 13, 2015</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="73" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">(2,941,755</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">)</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="122" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Royal Bank of Canada</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">$</font></td>
<td colspan="1" width="70" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">46,000,000</font></td>
<td colspan="1" width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="49" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">2.474</font></td>
<td colspan="1" width="25" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">%</font></td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="83" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">0.241</font></td>
<td colspan="1" width="25" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">%</font></td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="3" width="108" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">February 10, 2016</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="73" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">(3,204,230</font></td>
<td colspan="1" width="19" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">)</font></td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="122" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">UBS AG</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">$</font></td>
<td colspan="1" width="70" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">5,000,000</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="49" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">3.600</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">%</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="83" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">0.243</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">%</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="108" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">January 17, 2013</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="73" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">(97,620</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">)</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="122" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">UBS AG</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">$</font></td>
<td colspan="1" width="70" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">13,000,000</font></td>
<td colspan="1" width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="49" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">3.639</font></td>
<td colspan="1" width="25" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">%</font></td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="83" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">0.243</font></td>
<td colspan="1" width="25" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">%</font></td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="3" width="108" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">April 17, 2013</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="73" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">(363,568</font></td>
<td colspan="1" width="19" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">)</font></td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="122" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">UBS AG</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">$</font></td>
<td colspan="1" width="70" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">30,000,000</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="49" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">3.615</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">%</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="83" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">0.245</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">%</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="108" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">February 28, 2014</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="73" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">(1,636,501</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">)</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="19" width="552" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">$</font></td>
<td colspan="1" width="73" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">(13,682,004</font></td>
<td colspan="1" width="19" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">)</font></td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
</table>

<p style="margin:0pt 0pt 0pt 0pt; height:18pt;">&nbsp;</p>
<p><font face="Arial, Helvetica" style="font-size:10pt;"><sup>a</sup>&nbsp;&nbsp;Based on LIBOR (London Interbank Offered Rate). Represents rates in effect at June 30, 2012.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;"><sup>b</sup>&nbsp;&nbsp;Cash in the amount of $5,858,000 has been pledged as collateral.</font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:10pt;">Glossary of Portfolio Abbreviations</font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:10pt;">EUR&nbsp;&nbsp;Euro Currency</font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:10pt;">FRN&nbsp;&nbsp;Floating Rate Note</font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:10pt;">REIT&nbsp;&nbsp;Real Estate Investment Trust</font></p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times">See accompanying notes to financial statements.<br>15</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=15,FOLIO='15',FILE='12-15599-2.ca',USER='105707',CD='Aug 23 15:34 2012' -->
<br clear="all" style="page-break-before:always;">


<br clear="all" style="page-break-before:always;">
<!-- Document name: 12-15599-2.da-->
<p align="center"><font face="Arial, Helvetica" style="font-size:18pt;"><b>COHEN &amp; STEERS QUALITY INCOME REALTY FUND, INC.</b></font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:10pt;">STATEMENT OF ASSETS AND LIABILITIES</font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:10pt;">June 30, 2012 (Unaudited)</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td colspan="7" width="498" bgcolor="#cceeff" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">ASSETS:</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Investments in securities, at value (Identified cost&#151;$1,260,134,067)</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">$</font></td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">1,652,229,758</font></td>
<td colspan="1" width="28" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Cash (includes $5,858,000 pledged as collateral for open swap positions)</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">5,898,611</font></td>
<td colspan="1" width="28" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="7" width="498" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Receivable for:</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Investment securities sold</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">21,375,745</font></td>
<td colspan="1" width="28" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Dividends and interest</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">6,737,232</font></td>
<td colspan="1" width="28" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Other assets</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">60,220</font></td>
<td colspan="1" width="28" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" align="left" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Total Assets</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:2pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:2pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">1,686,301,566</font></td>
<td colspan="1" width="28" valign="bottom" style="padding:2pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="7" width="498" bgcolor="#cceeff" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">LIABILITIES:</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Unrealized depreciation on interest rate swap transactions</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">13,682,004</font></td>
<td colspan="1" width="28" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="7" width="498" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Payable for:</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Revolving credit agreement</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">460,000,000</font></td>
<td colspan="1" width="28" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Investment securities purchased</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">18,641,854</font></td>
<td colspan="1" width="28" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Investment management fees</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">1,118,552</font></td>
<td colspan="1" width="28" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Dividends declared on common shares</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">1,116,040</font></td>
<td colspan="1" width="28" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Interest expense</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">47,747</font></td>
<td colspan="1" width="28" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Administration fees</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">26,319</font></td>
<td colspan="1" width="28" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Directors' fees</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">1,157</font></td>
<td colspan="1" width="28" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Other liabilities</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">321,164</font></td>
<td colspan="1" width="28" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" align="left" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Total Liabilities</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:2pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:2pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">494,954,837</font></td>
<td colspan="1" width="28" valign="bottom" style="padding:2pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" bgcolor="#cceeff" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">NET ASSETS</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">$</font></td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">1,191,346,729</font></td>
<td colspan="1" width="28" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="7" width="498" align="left" valign="bottom" style="padding:6pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">NET ASSETS consist of:</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Paid-in capital</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">$</font></td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">937,032,858</font></td>
<td colspan="1" width="28" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Dividends in excess of net investment income</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">(20,264,164</font></td>
<td colspan="1" width="28" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">)</font></td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Accumulated net realized loss</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">(103,743,727</font></td>
<td colspan="1" width="28" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">)</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Net unrealized appreciation</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">378,321,762</font></td>
<td colspan="1" width="28" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">$</font></td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">1,191,346,729</font></td>
<td colspan="1" width="28" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="7" width="498" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">NET ASSET VALUE PER COMMON SHARE:</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">($1,191,346,729 &divide; 109,998,718 shares outstanding)</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">$</font></td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">10.83</font></td>
<td colspan="1" width="28" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" align="left" valign="bottom" style="padding:6pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">MARKET PRICE PER COMMON SHARE</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" align="right" valign="bottom" style="padding:6pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">$</font></td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:6pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">10.45</font></td>
<td colspan="1" width="28" valign="bottom" style="padding:6pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" bgcolor="#cceeff" align="left" valign="bottom" style="padding:6pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">MARKET PRICE DISCOUNT TO NET ASSET VALUE PER COMMON SHARE</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:6pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:6pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">(3.51</font></td>
<td colspan="1" width="28" bgcolor="#cceeff" align="left" valign="bottom" style="padding:6pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">)%</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
</table>

<p style="margin:0pt 0pt 0pt 0pt; height:18pt;">&nbsp;</p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times">See accompanying notes to financial statements.<br>16</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=16,FOLIO='16',FILE='12-15599-2.da',USER='105707',CD='Aug 23 15:34 2012' -->
<br clear="all" style="page-break-before:always;">
<p align="center"><font face="Arial, Helvetica" style="font-size:18pt;"><b>COHEN &amp; STEERS QUALITY INCOME REALTY FUND, INC.</b></font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:10pt;">STATEMENT OF OPERATIONS </font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:10pt;">For the Six Months Ended June 30, 2012 (Unaudited)</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td colspan="7" width="498" bgcolor="#cceeff" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Investment Income:</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Dividend income (net of $28,183 of foreign withholding tax)</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">$</font></td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">23,290,157</font></td>
<td colspan="1" width="28" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Interest income</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">2,194,666</font></td>
<td colspan="1" width="28" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Rehypothecation income</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">294,904</font></td>
<td colspan="1" width="28" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" bgcolor="#cceeff" align="left" valign="bottom" style="padding:4pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Total Income</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:4pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:4pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">25,779,727</font></td>
<td colspan="1" width="28" bgcolor="#cceeff" valign="bottom" style="padding:4pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="7" width="498" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Expenses:</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Investment management fees</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">6,760,239</font></td>
<td colspan="1" width="28" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Interest expense</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">2,924,572</font></td>
<td colspan="1" width="28" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Administration fees</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">288,466</font></td>
<td colspan="1" width="28" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Custodian fees and expenses</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">115,752</font></td>
<td colspan="1" width="28" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Shareholder reporting expenses</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">99,554</font></td>
<td colspan="1" width="28" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Professional fees</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">70,328</font></td>
<td colspan="1" width="28" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Directors' fees and expenses</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">42,653</font></td>
<td colspan="1" width="28" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Transfer agent fees and expenses</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">11,466</font></td>
<td colspan="1" width="28" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Registration and filing fees</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">6,148</font></td>
<td colspan="1" width="28" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Miscellaneous</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">82,271</font></td>
<td colspan="1" width="28" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" bgcolor="#cceeff" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Total Expenses</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">10,401,449</font></td>
<td colspan="1" width="28" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Net Investment Income</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">15,378,278</font></td>
<td colspan="1" width="28" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="7" width="498" bgcolor="#cceeff" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Net Realized and Unrealized Gain (Loss):</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="7" width="498" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Net realized gain (loss) on:</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Investments</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">64,435,413</font></td>
<td colspan="1" width="28" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Foreign currency transactions</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">(8,046</font></td>
<td colspan="1" width="28" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">)</font></td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Interest rate swap transactions</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">(4,514,789</font></td>
<td colspan="1" width="28" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">)</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" align="left" valign="bottom" style="padding:4pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Net realized gain</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:4pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:4pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">59,912,578</font></td>
<td colspan="1" width="28" valign="bottom" style="padding:4pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="7" width="498" bgcolor="#cceeff" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Net change in unrealized appreciation (depreciation) on:</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Investments</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">111,270,966</font></td>
<td colspan="1" width="28" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Foreign currency translations</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">18,340</font></td>
<td colspan="1" width="28" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Interest rate swap transactions</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">2,292,664</font></td>
<td colspan="1" width="28" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" bgcolor="#cceeff" align="left" valign="bottom" style="padding:4pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Net change in unrealized appreciation (depreciation)</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:4pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:4pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">113,581,970</font></td>
<td colspan="1" width="28" bgcolor="#cceeff" valign="bottom" style="padding:4pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Net realized and unrealized gain</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">173,494,548</font></td>
<td colspan="1" width="28" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" bgcolor="#cceeff" align="left" valign="bottom" style="padding:4pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Net Increase in Net Assets Resulting from Operations</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" align="right" valign="bottom" style="padding:4pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">$</font></td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:4pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">188,872,826</font></td>
<td colspan="1" width="28" bgcolor="#cceeff" valign="bottom" style="padding:4pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
</table>

<p style="margin:0pt 0pt 0pt 0pt; height:18pt;">&nbsp;</p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times">See accompanying notes to financial statements.<br>17</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=17,FOLIO='17',FILE='12-15599-2.da',USER='105707',CD='Aug 23 15:34 2012' -->
<br clear="all" style="page-break-before:always;">
<p align="center"><font face="Arial, Helvetica" style="font-size:18pt;"><b>COHEN &amp; STEERS QUALITY INCOME REALTY FUND, INC.</b></font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:10pt;">STATEMENT OF CHANGES IN NET ASSETS (Unaudited)</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td colspan="3" width="225" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="142" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">For the <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">Six Months Ended<BR></font><font face="Arial, Helvetica" style="font-size:10pt;">June 30, 2012</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="149" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">For the <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">Year Ended <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">December 31, 2011</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="11" width="524" bgcolor="#cceeff" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Change in Net Assets Applicable to Common Shares:</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="11" width="524" align="left" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">From Operations:</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="225" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Net investment income</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">$</font></td>
<td colspan="1" width="101" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">15,378,278</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">$</font></td>
<td colspan="1" width="108" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">28,491,924</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="225" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Net realized gain</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="101" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">59,912,578</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="108" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">55,170,051</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="225" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Net change in unrealized appreciation <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">(depreciation)</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="101" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">113,581,970</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="108" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">(14,188,904</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">)</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="225" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Net increase in net assets resulting <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">from operations</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="101" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">188,872,826</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="108" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">69,473,071</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="225" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Less Dividends and Distributions to Common <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">Shareholders from:</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="101" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="108" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"> </font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="225" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Net investment income</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="101" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">(39,599,538</font></td>
<td colspan="1" width="19" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">)</font></td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="108" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">(71,651,695</font></td>
<td colspan="1" width="19" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">)</font></td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="225" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Net realized gain</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="101" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">&#151;</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="108" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">(7,547,382</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">)</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="225" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Total dividends and distributions <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">to common shareholders</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="101" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">(39,599,538</font></td>
<td colspan="1" width="19" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">)</font></td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="108" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">(79,199,077</font></td>
<td colspan="1" width="19" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">)</font></td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="225" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Total increase (decrease) in net assets <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">applicable to common shares</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="101" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">149,273,288</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="108" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">(9,726,006</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">)</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="11" width="524" align="left" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Net Assets Applicable to Common Shares:</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="225" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Beginning of period</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="101" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">1,042,073,441</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="108" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">1,051,799,447</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="225" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">End of period<sup>a</sup></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">$</font></td>
<td colspan="1" width="101" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">1,191,346,729</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">$</font></td>
<td colspan="1" width="108" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">1,042,073,441</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
</table>

<p style="margin:0pt 0pt 0pt 0pt; height:18pt;">&nbsp;</p>
<p><font face="Arial, Helvetica" style="font-size:10pt;"><sup>a</sup>&nbsp;&nbsp;Includes dividends in excess of net investment income and accumulated undistributed net investment income of $20,264,164 and $3,957,096, respectively.</font></p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times">See accompanying notes to financial statements.<br>18</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=18,FOLIO='18',FILE='12-15599-2.da',USER='105707',CD='Aug 23 15:34 2012' -->
<br clear="all" style="page-break-before:always;">
<p align="center"><font face="Arial, Helvetica" style="font-size:18pt;"><b>COHEN &amp; STEERS QUALITY INCOME REALTY FUND, INC.</b></font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:10pt;">STATEMENT OF CASH FLOWS</font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:10pt;">For the Six Months Ended June 30, 2012 (Unaudited)</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td colspan="7" width="498" bgcolor="#cceeff" align="left" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Decrease in Cash:</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="7" width="498" align="left" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Cash Flows from Operating Activities:</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Net increase in net assets resulting from operations</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">$</font></td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">188,872,826</font></td>
<td colspan="1" width="28" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="7" width="498" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Adjustments to reconcile net increase in net assets resulting from <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">operations to net cash provided by operating activities:</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Purchases of long-term investments</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">(505,604,918</font></td>
<td colspan="1" width="28" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">)</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Net purchases, sales and maturities of short-term investments</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">9,300,314</font></td>
<td colspan="1" width="28" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Net amortization/accretion of premium (discount)</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">9,833</font></td>
<td colspan="1" width="28" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Proceeds from sales and maturities of long-term investments</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">523,042,435</font></td>
<td colspan="1" width="28" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Net decrease in dividends and interest receivable and other assets</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">1,475,529</font></td>
<td colspan="1" width="28" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Net increase in interest expense payable, accrued expenses and <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">other liabilities</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">116,291</font></td>
<td colspan="1" width="28" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Net change in unrealized appreciation on investments</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">(111,270,966</font></td>
<td colspan="1" width="28" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">)</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Net change in unrealized depreciation on interest rate swap transactions</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">(2,292,664</font></td>
<td colspan="1" width="28" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">)</font></td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Net realized gain on investments</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">(64,435,413</font></td>
<td colspan="1" width="28" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">)</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Cash provided by operating activities</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">39,213,267</font></td>
<td colspan="1" width="28" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="7" width="498" bgcolor="#cceeff" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Cash Flows from Financing Activities:</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Distributions paid on common shares</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">(40,398,561</font></td>
<td colspan="1" width="28" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">)</font></td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" bgcolor="#cceeff" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Decrease in cash</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">(1,185,294</font></td>
<td colspan="1" width="28" bgcolor="#cceeff" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">)</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Cash at beginning of period (including cash pledged as collateral <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">of $6,986,000)</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">7,083,905</font></td>
<td colspan="1" width="28" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="363" bgcolor="#cceeff" align="left" valign="bottom" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Cash at end of period (including cash pledged as collateral of $5,858,000)</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">$</font></td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">5,898,611</font></td>
<td colspan="1" width="28" bgcolor="#cceeff" valign="bottom" style="padding:3pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
</table>

<p style="margin:0pt 0pt 0pt 0pt; height:18pt;">&nbsp;</p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times">See accompanying notes to financial statements.<br>19</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=19,FOLIO='19',FILE='12-15599-2.da',USER='105707',CD='Aug 23 15:34 2012' -->
<br clear="all" style="page-break-before:always;">


<br clear="all" style="page-break-before:always;">
<!-- Document name: 12-15599-2.ea-->
<p align="center"><font face="Arial, Helvetica" style="font-size:18pt;"><b>COHEN &amp; STEERS QUALITY INCOME REALTY FUND, INC.</b></font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:10pt;">FINANCIAL HIGHLIGHTS (Unaudited)</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">The following table includes selected data for a common share outstanding throughout each period and other performance information derived from the financial statements. It should be read in conjunction with the financial statements and notes thereto.</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td colspan="3" width="159" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="114" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:8pt;">For the Six <BR></font><font face="Arial, Helvetica" style="font-size:8pt;">Months Ended</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="19" width="503" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:8pt;">For the Year Ended December 31,</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="159" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:8pt;">Per Share Operating Performance:</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="114" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:8pt;">June 30, 2012</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="92" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:8pt;">2011</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="97" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:8pt;">2010</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="89" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:8pt;">2009</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="99" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:8pt;">2008</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="94" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:8pt;">2007</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="159" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Net asset value per common <BR></font><font face="Arial, Helvetica" style="font-size:9pt;">share, beginning of period</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">$</font></td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">9.47</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">$</font></td>
<td colspan="1" width="47" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">9.56</font></td>
<td colspan="1" width="24" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">$</font></td>
<td colspan="1" width="47" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">7.44</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">$</font></td>
<td colspan="1" width="39" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">5.38</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">$</font></td>
<td colspan="1" width="49" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">15.66</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">$</font></td>
<td colspan="1" width="49" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">25.61</font></td>
<td colspan="1" width="24" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="27" width="784" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Income from investment <BR></font><font face="Arial, Helvetica" style="font-size:9pt;">operations:</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="159" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Net investment income</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">0.14</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="47" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">0.65</font></td>
<td colspan="1" width="24" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="47" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">0.41</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="39" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">0.27</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="49" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">0.77</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="49" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">1.06</font></td>
<td colspan="1" width="24" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="159" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Net realized and unrealized <BR></font><font face="Arial, Helvetica" style="font-size:9pt;">gain (loss)</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">1.58</font></td>
<td colspan="1" width="29" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="47" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">(0.02</font></td>
<td colspan="1" width="24" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">)</font></td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="47" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">2.25</font></td>
<td colspan="1" width="29" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="39" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">2.20</font></td>
<td colspan="1" width="29" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="49" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">(8.92</font></td>
<td colspan="1" width="29" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">)</font></td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="49" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">(7.22</font></td>
<td colspan="1" width="24" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">)</font></td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="159" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Total income (loss) from <BR></font><font face="Arial, Helvetica" style="font-size:9pt;">investment operations</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">1.72</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="47" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">0.63</font></td>
<td colspan="1" width="24" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="47" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">2.66</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="39" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">2.47</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="49" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">(8.15</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">)</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="49" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">(6.16</font></td>
<td colspan="1" width="24" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">)</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="27" width="784" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Less dividends and distributions <BR></font><font face="Arial, Helvetica" style="font-size:9pt;">to preferred shareholders from:</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="159" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Net investment income</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">&#151;</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="47" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">&#151;</font></td>
<td colspan="1" width="24" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="47" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">&#151;</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="39" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">(0.00</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">)<sup>a</sup></font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="49" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">(0.33</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">)</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="49" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">(0.22</font></td>
<td colspan="1" width="24" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">)</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="159" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Net realized gain</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">&#151;</font></td>
<td colspan="1" width="29" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="47" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">&#151;</font></td>
<td colspan="1" width="24" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="47" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">&#151;</font></td>
<td colspan="1" width="29" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="39" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">&#151;</font></td>
<td colspan="1" width="29" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="49" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">&#151;</font></td>
<td colspan="1" width="29" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="49" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">(0.38</font></td>
<td colspan="1" width="24" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">)</font></td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="159" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Total dividends and <BR></font><font face="Arial, Helvetica" style="font-size:9pt;">distributions to <BR></font><font face="Arial, Helvetica" style="font-size:9pt;">preferred <BR></font><font face="Arial, Helvetica" style="font-size:9pt;">shareholders</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">&#151;</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="47" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">&#151;</font></td>
<td colspan="1" width="24" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="47" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">&#151;</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="39" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">(0.00</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">)<sup>a</sup></font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="49" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">(0.33</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">)</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="49" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">(0.60</font></td>
<td colspan="1" width="24" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">)</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="159" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Total from investment <BR></font><font face="Arial, Helvetica" style="font-size:9pt;">operations applicable <BR></font><font face="Arial, Helvetica" style="font-size:9pt;">to common shares</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">1.72</font></td>
<td colspan="1" width="29" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="47" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">0.63</font></td>
<td colspan="1" width="24" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="47" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">2.66</font></td>
<td colspan="1" width="29" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="39" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">2.47</font></td>
<td colspan="1" width="29" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="49" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">(8.48</font></td>
<td colspan="1" width="29" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">)</font></td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="49" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">(6.76</font></td>
<td colspan="1" width="24" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">)</font></td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="159" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Anti-dilutive effect from the <BR></font><font face="Arial, Helvetica" style="font-size:9pt;">purchase of common <BR></font><font face="Arial, Helvetica" style="font-size:9pt;">shares</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">&#151;</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="47" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">&#151;</font></td>
<td colspan="1" width="24" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="47" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">0.01</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="39" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">&#151;</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="49" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">&#151;</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="49" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">&#151;</font></td>
<td colspan="1" width="24" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="159" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Anti-dilutive effect from the <BR></font><font face="Arial, Helvetica" style="font-size:9pt;">issuance of reinvested <BR></font><font face="Arial, Helvetica" style="font-size:9pt;">common shares</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">&#151;</font></td>
<td colspan="1" width="29" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="47" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">&#151;</font></td>
<td colspan="1" width="24" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="47" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">&#151;</font></td>
<td colspan="1" width="29" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="39" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">&#151;</font></td>
<td colspan="1" width="29" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="49" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">0.00</font></td>
<td colspan="1" width="29" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;"><sup>a</sup></font>&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="49" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">0.00</font></td>
<td colspan="1" width="24" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;"><sup>a</sup></font>&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="27" width="784" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Less dividends and distributions <BR></font><font face="Arial, Helvetica" style="font-size:9pt;">to common shareholders from:</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="159" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Net investment income</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">(0.36</font></td>
<td colspan="1" width="29" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">)</font></td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="47" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">(0.65</font></td>
<td colspan="1" width="24" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">)</font></td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="47" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">(0.39</font></td>
<td colspan="1" width="29" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">)</font></td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="39" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">(0.26</font></td>
<td colspan="1" width="29" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">)</font></td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="49" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">(0.34</font></td>
<td colspan="1" width="29" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">)</font></td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="49" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">(0.89</font></td>
<td colspan="1" width="24" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">)</font></td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="159" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Net realized gain</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">&#151;</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="47" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">(0.07</font></td>
<td colspan="1" width="24" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">)</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="47" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">(0.16</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">)</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="39" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">&#151;</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="49" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">&#151;</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="49" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">(1.53</font></td>
<td colspan="1" width="24" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">)</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="159" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Tax return of capital</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">&#151;</font></td>
<td colspan="1" width="29" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="47" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">&#151;</font></td>
<td colspan="1" width="24" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="47" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">&#151;</font></td>
<td colspan="1" width="29" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="39" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">(0.15</font></td>
<td colspan="1" width="29" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">)</font></td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="49" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">(1.46</font></td>
<td colspan="1" width="29" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">)</font></td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="49" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">(0.77</font></td>
<td colspan="1" width="24" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">)</font></td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="159" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Total dividends and <BR></font><font face="Arial, Helvetica" style="font-size:9pt;">distributions to common <BR></font><font face="Arial, Helvetica" style="font-size:9pt;">shareholders</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">(0.36</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">)</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="47" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">(0.72</font></td>
<td colspan="1" width="24" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">)</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="47" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">(0.55</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">)</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="39" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">(0.41</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">)</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="49" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">(1.80</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">)</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="49" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">(3.19</font></td>
<td colspan="1" width="24" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">)</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="159" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Net increase (decrease) in net <BR></font><font face="Arial, Helvetica" style="font-size:9pt;">asset value per common share</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">1.36</font></td>
<td colspan="1" width="29" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="47" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">(0.09</font></td>
<td colspan="1" width="24" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">)</font></td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="47" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">2.12</font></td>
<td colspan="1" width="29" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="39" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">2.06</font></td>
<td colspan="1" width="29" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="49" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">(10.28</font></td>
<td colspan="1" width="29" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">)</font></td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="49" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">(9.95</font></td>
<td colspan="1" width="24" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">)</font></td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="159" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Net asset value, per common <BR></font><font face="Arial, Helvetica" style="font-size:9pt;">share, end of period</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">$</font></td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">10.83</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">$</font></td>
<td colspan="1" width="47" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">9.47</font></td>
<td colspan="1" width="24" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">$</font></td>
<td colspan="1" width="47" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">9.56</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">$</font></td>
<td colspan="1" width="39" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">7.44</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">$</font></td>
<td colspan="1" width="49" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">5.38</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">$</font></td>
<td colspan="1" width="49" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">15.66</font></td>
<td colspan="1" width="24" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="159" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Market value, per common share, <BR></font><font face="Arial, Helvetica" style="font-size:9pt;">end of period</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="21" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">$</font></td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">10.45</font></td>
<td colspan="1" width="29" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">$</font></td>
<td colspan="1" width="47" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">8.47</font></td>
<td colspan="1" width="24" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">$</font></td>
<td colspan="1" width="47" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">8.65</font></td>
<td colspan="1" width="29" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">$</font></td>
<td colspan="1" width="39" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">6.07</font></td>
<td colspan="1" width="29" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">$</font></td>
<td colspan="1" width="49" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">3.80</font></td>
<td colspan="1" width="29" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">$</font></td>
<td colspan="1" width="49" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">14.52</font></td>
<td colspan="1" width="24" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="159" bgcolor="#cceeff" align="left" valign="bottom" style="padding:5pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Total net asset value return<sup>b</sup></font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:5pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:5pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">18.37</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" align="left" valign="bottom" style="padding:5pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%<sup>c</sup></font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:5pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="47" bgcolor="#cceeff" align="right" valign="bottom" style="padding:5pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">7.31</font></td>
<td colspan="1" width="24" bgcolor="#cceeff" align="left" valign="bottom" style="padding:5pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:5pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="47" bgcolor="#cceeff" align="right" valign="bottom" style="padding:5pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">37.80</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" align="left" valign="bottom" style="padding:5pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:5pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="39" bgcolor="#cceeff" align="right" valign="bottom" style="padding:5pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">54.24</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" align="left" valign="bottom" style="padding:5pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%<sup>d</sup></font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:5pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="49" bgcolor="#cceeff" align="right" valign="bottom" style="padding:5pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">&#150;58.62</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" align="left" valign="bottom" style="padding:5pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%<sup>d</sup></font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:5pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="49" bgcolor="#cceeff" align="right" valign="bottom" style="padding:5pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">&#150;27.49</font></td>
<td colspan="1" width="24" bgcolor="#cceeff" align="left" valign="bottom" style="padding:5pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="159" align="left" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Total market value return<sup>b</sup></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:2pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:2pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">27.71</font></td>
<td colspan="1" width="29" align="left" valign="bottom" style="padding:2pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%<sup>c</sup></font></td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:2pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="47" align="right" valign="bottom" style="padding:2pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">6.07</font></td>
<td colspan="1" width="24" align="left" valign="bottom" style="padding:2pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%</font></td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:2pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="47" align="right" valign="bottom" style="padding:2pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">52.82</font></td>
<td colspan="1" width="29" align="left" valign="bottom" style="padding:2pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%</font></td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:2pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="39" align="right" valign="bottom" style="padding:2pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">77.83</font></td>
<td colspan="1" width="29" align="left" valign="bottom" style="padding:2pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%</font></td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:2pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="49" align="right" valign="bottom" style="padding:2pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">&#150;68.42</font></td>
<td colspan="1" width="29" align="left" valign="bottom" style="padding:2pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%</font></td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:2pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="49" align="right" valign="bottom" style="padding:2pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">&#150;30.40</font></td>
<td colspan="1" width="24" align="left" valign="bottom" style="padding:2pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%</font></td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
</table>

<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times">See accompanying notes to financial statements.<br>20</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=20,FOLIO='20',FILE='12-15599-2.ea',USER='105707',CD='Aug 23 15:34 2012' -->
<br clear="all" style="page-break-before:always;">
<p align="center"><font face="Arial, Helvetica" style="font-size:18pt;"><b>COHEN &amp; STEERS QUALITY INCOME REALTY FUND, INC.</b></font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:10pt;">FINANCIAL HIGHLIGHTS (Unaudited)&#151;(Continued)</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td colspan="3" width="159" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="114" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:8pt;">For the Six <BR></font><font face="Arial, Helvetica" style="font-size:8pt;">Months Ended</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="19" width="503" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:8pt;">For the Year Ended December 31,</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="159" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:8pt;">Ratios/Supplemental Data:</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="114" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:8pt;">June 30, 2012</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="92" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:8pt;">2011</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="97" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:8pt;">2010</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="89" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:8pt;">2009</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="99" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:8pt;">2008</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="94" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:8pt;">2007</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="159" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Net assets applicable to <BR></font><font face="Arial, Helvetica" style="font-size:9pt;">common shares, end of <BR></font><font face="Arial, Helvetica" style="font-size:9pt;">period (in millions)</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">$</font></td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">1,191.3</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">$</font></td>
<td colspan="1" width="47" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">1,042.1</font></td>
<td colspan="1" width="24" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">$</font></td>
<td colspan="1" width="47" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">1,051.8</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">$</font></td>
<td colspan="1" width="39" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">716.6</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">$</font></td>
<td colspan="1" width="49" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">210.9</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">$</font></td>
<td colspan="1" width="49" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">609.1</font></td>
<td colspan="1" width="24" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="159" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Ratio of expenses to average <BR></font><font face="Arial, Helvetica" style="font-size:9pt;">daily net assets applicable to <BR></font><font face="Arial, Helvetica" style="font-size:9pt;">common shares (before <BR></font><font face="Arial, Helvetica" style="font-size:9pt;">expense reduction)<sup>e</sup></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">1.84</font></td>
<td colspan="1" width="29" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%<sup>f</sup></font></td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="47" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">1.90</font></td>
<td colspan="1" width="24" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%</font></td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="47" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">2.10</font></td>
<td colspan="1" width="29" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%</font></td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="39" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">3.42</font></td>
<td colspan="1" width="29" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%</font></td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="49" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">2.11</font></td>
<td colspan="1" width="29" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%</font></td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="49" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">1.52</font></td>
<td colspan="1" width="24" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%</font></td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="159" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Ratio of expenses to average <BR></font><font face="Arial, Helvetica" style="font-size:9pt;">daily net assets applicable to <BR></font><font face="Arial, Helvetica" style="font-size:9pt;">common shares (net of <BR></font><font face="Arial, Helvetica" style="font-size:9pt;">expense reduction)<sup>e</sup></font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">1.84</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%<sup>f</sup></font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="47" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">1.87</font></td>
<td colspan="1" width="24" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="47" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">1.98</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="39" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">3.18</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="49" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">1.76</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="49" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">1.14</font></td>
<td colspan="1" width="24" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="159" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Ratio of expenses to average <BR></font><font face="Arial, Helvetica" style="font-size:9pt;">daily net assets applicable to <BR></font><font face="Arial, Helvetica" style="font-size:9pt;">common shares (net of <BR></font><font face="Arial, Helvetica" style="font-size:9pt;">expense reduction and <BR></font><font face="Arial, Helvetica" style="font-size:9pt;">excluding interest expense)<sup>e</sup></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">1.32</font></td>
<td colspan="1" width="29" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%<sup>f</sup></font></td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="47" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">1.32</font></td>
<td colspan="1" width="24" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%</font></td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="47" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">1.36</font></td>
<td colspan="1" width="29" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%</font></td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="39" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">2.61</font></td>
<td colspan="1" width="29" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%</font></td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="49" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">1.72</font></td>
<td colspan="1" width="29" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%</font></td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="49" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">&#151;</font></td>
<td colspan="1" width="24" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="159" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Ratio of net investment income to <BR></font><font face="Arial, Helvetica" style="font-size:9pt;">average daily net assets <BR></font><font face="Arial, Helvetica" style="font-size:9pt;">applicable to common shares <BR></font><font face="Arial, Helvetica" style="font-size:9pt;">(before expense reduction)<sup>e</sup></font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">2.71</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%<sup>f</sup></font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="47" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">2.62</font></td>
<td colspan="1" width="24" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="47" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">2.87</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="39" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">5.62</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="49" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">6.36</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="49" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">3.73</font></td>
<td colspan="1" width="24" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="159" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Ratio of net investment income <BR></font><font face="Arial, Helvetica" style="font-size:9pt;">to average daily net assets <BR></font><font face="Arial, Helvetica" style="font-size:9pt;">applicable to common shares <BR></font><font face="Arial, Helvetica" style="font-size:9pt;">(net of expense reduction)<sup>e</sup></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">2.71</font></td>
<td colspan="1" width="29" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%<sup>f</sup></font></td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="47" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">2.65</font></td>
<td colspan="1" width="24" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%</font></td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="47" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">2.99</font></td>
<td colspan="1" width="29" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%</font></td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="39" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">5.85</font></td>
<td colspan="1" width="29" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%</font></td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="49" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">6.71</font></td>
<td colspan="1" width="29" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%</font></td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="49" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">4.12</font></td>
<td colspan="1" width="24" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%</font></td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="159" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Ratio of expenses to average <BR></font><font face="Arial, Helvetica" style="font-size:9pt;">daily managed assets (before <BR></font><font face="Arial, Helvetica" style="font-size:9pt;">expense reduction)<sup>e,g</sup></font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">1.31</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%<sup>f</sup></font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="47" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">1.33</font></td>
<td colspan="1" width="24" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="47" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">1.43</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="39" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">2.04</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="49" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">1.20</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="49" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">1.02</font></td>
<td colspan="1" width="24" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="159" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Ratio of expenses to average <BR></font><font face="Arial, Helvetica" style="font-size:9pt;">daily managed assets (net of <BR></font><font face="Arial, Helvetica" style="font-size:9pt;">expense reduction)<sup>e,g</sup></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">1.31</font></td>
<td colspan="1" width="29" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%<sup>f</sup></font></td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="47" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">1.31</font></td>
<td colspan="1" width="24" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%</font></td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="47" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">1.35</font></td>
<td colspan="1" width="29" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%</font></td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="39" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">1.90</font></td>
<td colspan="1" width="29" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%</font></td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="49" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">1.00</font></td>
<td colspan="1" width="29" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%</font></td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="49" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">0.76</font></td>
<td colspan="1" width="24" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%</font></td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="159" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Portfolio turnover rate</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">33</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%<sup>c</sup></font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="47" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">53</font></td>
<td colspan="1" width="24" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="47" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">77</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="39" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">77</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="49" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">23</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="49" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">26</font></td>
<td colspan="1" width="24" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
</table>

<p style="margin:0pt 0pt 0pt 0pt; height:18pt;">&nbsp;</p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times">See accompanying notes to financial statements.<br>21</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=21,FOLIO='21',FILE='12-15599-2.ea',USER='105707',CD='Aug 23 15:34 2012' -->
<br clear="all" style="page-break-before:always;">
<p align="center"><font face="Arial, Helvetica" style="font-size:18pt;"><b>COHEN &amp; STEERS QUALITY INCOME REALTY FUND, INC.</b></font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:10pt;">FINANCIAL HIGHLIGHTS (Unaudited)&#151;(Continued)</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td colspan="3" width="159" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:8pt;">Preferred Shares/Revolving </font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="114" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:8pt;">For the Six <BR></font><font face="Arial, Helvetica" style="font-size:8pt;">Months Ended</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="19" width="503" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:8pt;">For the Year Ended December 31,</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="159" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:8pt;">Credit Agreement:</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="114" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:8pt;">June 30, 2012</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="92" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:8pt;">2011</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="97" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:8pt;">2010</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="89" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:8pt;">2009</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="99" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:8pt;">2008</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="94" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:8pt;">2007</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="159" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Liquidation value, end of period <BR></font><font face="Arial, Helvetica" style="font-size:9pt;">(in 000's)</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">&#151;</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="47" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">&#151;</font></td>
<td colspan="1" width="24" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="47" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">&#151;</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="39" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">&#151;</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">$</font></td>
<td colspan="1" width="49" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">120,825</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">$</font></td>
<td colspan="1" width="49" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">434,000</font></td>
<td colspan="1" width="24" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="159" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Total shares outstanding <BR></font><font face="Arial, Helvetica" style="font-size:9pt;">(in 000's)</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">&#151;</font></td>
<td colspan="1" width="29" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="47" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">&#151;</font></td>
<td colspan="1" width="24" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="47" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">&#151;</font></td>
<td colspan="1" width="29" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="39" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">&#151;</font></td>
<td colspan="1" width="29" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="49" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">5</font></td>
<td colspan="1" width="29" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="49" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">17</font></td>
<td colspan="1" width="24" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="159" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Asset coverage ratio for revolving <BR></font><font face="Arial, Helvetica" style="font-size:9pt;">credit agreement</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">359</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="47" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">327</font></td>
<td colspan="1" width="24" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="47" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">329</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%<sup>h</sup></font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="39" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">294</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%<sup>h</sup></font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="49" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">3,786</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="49" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">&#151;</font></td>
<td colspan="1" width="24" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="159" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Asset coverage per $1,000 for <BR></font><font face="Arial, Helvetica" style="font-size:9pt;">revolving credit agreement</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="21" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">$</font></td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">3,590</font></td>
<td colspan="1" width="29" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">$</font></td>
<td colspan="1" width="47" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">3,265</font></td>
<td colspan="1" width="24" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">$</font></td>
<td colspan="1" width="47" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">3,286</font></td>
<td colspan="1" width="29" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">$</font></td>
<td colspan="1" width="39" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">2,938</font></td>
<td colspan="1" width="29" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">$</font></td>
<td colspan="1" width="49" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">37,859</font></td>
<td colspan="1" width="29" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="49" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">&#151;</font></td>
<td colspan="1" width="24" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="159" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Asset coverage ratio for auction <BR></font><font face="Arial, Helvetica" style="font-size:9pt;">market preferred shares</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">&#151;</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="47" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">&#151;</font></td>
<td colspan="1" width="24" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="47" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">&#151;</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="39" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">&#151;</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="49" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">262</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%<sup>i</sup></font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="49" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">240</font></td>
<td colspan="1" width="24" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">%</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="159" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Asset coverage per share for <BR></font><font face="Arial, Helvetica" style="font-size:9pt;">auction market preferred <BR></font><font face="Arial, Helvetica" style="font-size:9pt;">shares</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">&#151;</font></td>
<td colspan="1" width="29" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="47" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">&#151;</font></td>
<td colspan="1" width="24" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="47" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">&#151;</font></td>
<td colspan="1" width="29" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="39" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">&#151;</font></td>
<td colspan="1" width="29" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">$</font></td>
<td colspan="1" width="49" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">65,500</font></td>
<td colspan="1" width="29" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;"><sup>i</sup></font>&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">$</font></td>
<td colspan="1" width="49" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">60,088</font></td>
<td colspan="1" width="24" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="159" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Liquidation preference per share</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">&#151;</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="47" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">&#151;</font></td>
<td colspan="1" width="24" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="47" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">&#151;</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="39" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">&#151;</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">$</font></td>
<td colspan="1" width="49" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">25,000</font></td>
<td colspan="1" width="29" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">$</font></td>
<td colspan="1" width="49" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">25,000</font></td>
<td colspan="1" width="24" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="159" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Average market value per share<sup>j</sup></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="64" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">&#151;</font></td>
<td colspan="1" width="29" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="47" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">&#151;</font></td>
<td colspan="1" width="24" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="47" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">&#151;</font></td>
<td colspan="1" width="29" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="39" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">&#151;</font></td>
<td colspan="1" width="29" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">$</font></td>
<td colspan="1" width="49" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">25,000</font></td>
<td colspan="1" width="29" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">$</font></td>
<td colspan="1" width="49" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">25,000</font></td>
<td colspan="1" width="24" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
</table>

<p style="margin:0pt 0pt 0pt 0pt; height:18pt;">&nbsp;</p>
<p><font face="Arial, Helvetica" style="font-size:9pt;"><sup>a</sup>&nbsp;&nbsp;Amount is less than $0.005.</font></p>
<p><font face="Arial, Helvetica" style="font-size:9pt;"><sup>b</sup>&nbsp;&nbsp;Total net asset value return measures the change in net asset value per share over the period indicated. Total market value return is computed based upon the Fund's New York Stock Exchange market price per share and excludes the effects of brokerage commissions. Dividends and distributions are assumed, for purposes of these calculations, to be reinvested at prices obtained under the Fund's dividend reinvestment plan.</font></p>
<p><font face="Arial, Helvetica" style="font-size:9pt;"><sup>c</sup>&nbsp;&nbsp;Not annualized.</font></p>
<p><font face="Arial, Helvetica" style="font-size:9pt;"><sup>d</sup>&nbsp;&nbsp;Reflects adjustments in accordance with accounting principles generally accepted in the United States of America and as such, the net asset value for financial reporting purposes and the returns based upon those net asset values differ from the net asset value and returns reported on December 31, 2008.</font></p>
<p><font face="Arial, Helvetica" style="font-size:9pt;"><sup>e</sup>&nbsp;&nbsp;Ratios do not reflect dividend payments to preferred shareholders, where applicable.</font></p>
<p><font face="Arial, Helvetica" style="font-size:9pt;"><sup>f</sup>&nbsp;&nbsp;Annualized.</font></p>
<p><font face="Arial, Helvetica" style="font-size:9pt;"><sup>g</sup>&nbsp;&nbsp;Average daily managed assets represent net assets applicable to common shares plus liquidation preference of preferred shares and/or the outstanding balance of the revolving credit agreement.</font></p>
<p><font face="Arial, Helvetica" style="font-size:9pt;"><sup>h</sup>&nbsp;&nbsp;For the period June 1, 2009 through June 10, 2010, the Fund utilized temporary relief from the Securities and Exchange Commission permitting the Fund to maintain 200% asset coverage.</font></p>
<p><font face="Arial, Helvetica" style="font-size:9pt;"><sup>i</sup>&nbsp;&nbsp;Includes the effect of the outstanding borrowings from the revolving credit agreement.</font></p>
<p><font face="Arial, Helvetica" style="font-size:9pt;"><sup>j</sup>&nbsp;&nbsp;Based on weekly prices.</font></p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times">See accompanying notes to financial statements.<br>22</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=22,FOLIO='22',FILE='12-15599-2.ea',USER='105707',CD='Aug 23 15:34 2012' -->
<br clear="all" style="page-break-before:always;">


<br clear="all" style="page-break-before:always;">
<!-- Document name: 12-15599-2.fa-->
<p align="center"><font face="Arial, Helvetica" style="font-size:18pt;"><b>COHEN &amp; STEERS QUALITY INCOME REALTY FUND, INC.</b></font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:10pt;">NOTES TO FINANCIAL STATEMENTS (Unaudited)</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">Note 1. Significant Accounting Policies</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">Cohen &amp; Steers Quality Income Realty Fund, Inc. (the Fund) was incorporated under the laws of the State of Maryland on August 22, 2001 and is registered under the Investment Company Act of 1940, as amended, as a non-diversified, closed-end management investment company. The Fund's investment objective is high current income.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">The following is a summary of significant accounting policies consistently followed by the Fund in the preparation of its financial statements. The policies are in conformity with accounting principles generally accepted in the United States of America (GAAP). The preparation of the financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of income and expenses during the reporting period. Actual results could differ from those estimates.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;"><i>Portfolio Valuation:</i></font><font face="Arial, Helvetica" style="font-size:10pt;"> Investments in securities that are listed on the New York Stock Exchange are valued, except as indicated below, at the last sale price reflected at the close of the New York Stock Exchange on the business day as of which such value is being determined. If there has been no sale on such day, the securities are valued at the mean of the closing bid and asked prices on such day or, if no asked price is available, at the bid price. Exchange traded options are valued at their last sale price as of the close of options trading on applicable exchanges. In the absence of a last sale, options are valued at the average of the quoted bid and asked prices as of the close of business. Over-the-counter options quotations are provided by the respective counterparty when such prices are believed by Cohen &amp; Steers Capital Management, Inc. (the investment manager), pursuant to delegation by the Board of Directors, to reflect the fair market value.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">Securities not listed on the New York Stock Exchange but listed on other domestic or foreign securities exchanges are valued in a similar manner. Securities traded on more than one securities exchange are valued at the last sale price reflected at the close of the exchange representing the principal market for such securities on the business day as of which such value is being determined. If after the close of a foreign market, but prior to the close of business on the day the securities are being valued, market conditions change significantly, certain foreign securities may be fair valued pursuant to procedures established by the Board of Directors.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">Readily marketable securities traded in the over-the-counter market, including listed securities whose primary market is believed by the investment manager to be over-the-counter, are valued at the last sale price on the valuation date as reported by sources deemed appropriate by the Board of Directors to reflect their fair market value. If there has been no sale on such day, the securities are valued at the mean of the closing bid and asked prices on such day or, if no asked price is available, at the bid price. However, certain fixed-income securities may be valued on the basis of prices provided by a pricing service when such prices are believed by the investment manager, pursuant to delegation by the Board of Directors, to reflect the fair market value of such securities. Interest rate swaps are valued utilizing quotes received from an outside pricing service.</font></p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times"><br>23</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=23,FOLIO='23',FILE='12-15599-2.fa',USER='105707',CD='Aug 23 15:34 2012' -->
<br clear="all" style="page-break-before:always;">
<p align="center"><font face="Arial, Helvetica" style="font-size:18pt;"><b>COHEN &amp; STEERS QUALITY INCOME REALTY FUND, INC.</b></font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:10pt;">NOTES TO FINANCIAL STATEMENTS (Unaudited)&#151;(Continued)</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">Short-term debt securities with a maturity date of 60 days or less are valued at amortized cost, which approximates value. Investments in open-end mutual funds are valued at their closing net asset value.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">The policies and procedures approved by the Fund's Board of Directors delegate authority to make fair value determinations to the investment manager, subject to the oversight of the Board of Directors. The investment manager has established a valuation committee (Valuation Committee) to administer, implement and oversee the fair valuation process according to the policies and procedures approved annually by the Board of Directors. Among other things, these procedures allow the Fund to utilize independent pricing services, quotations from securities and financial instrument dealers and other market sources to determine fair value.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">Securities for which market prices are unavailable, or securities for which the investment manager determines that the bid and/or asked price does not reflect market value, will be valued at fair value, as determined in good faith by the Valuation Committee, pursuant to procedures approved by the Fund's Board of Directors. Circumstances in which market prices may be unavailable include, but are not limited to, when trading in a security is suspended, the exchange on which the security is traded is subject to an unscheduled close or disruption or material events occur after the close of the exchange on which the security is principally traded. In these circumstances, the Fund determines fair value in a manner that fairly reflects the market value of the security on the valuation date based on consideration of any information or factors it deems appropriate. These may include, but are not limited to, recent transactions in comparable securities, information relating to the specific security and developments in the markets.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">The Fund's use of fair value pricing may cause the net asset value of Fund shares to differ from the net asset value that would be calculated using market quotations. Fair value pricing involves subjective judgments and it is possible that the fair value determined for a security may be materially different than the value that could be realized upon the sale of that security.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">Fair value is defined as the price that the Fund would expect to receive upon the sale of an investment or expect to pay to transfer a liability in an orderly transaction with an independent buyer in the principal market or, in the absence of a principal market, the most advantageous market for the investment or liability. The hierarchy of inputs that are used in determining the fair value of the Fund's investments is summarized below.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">&bull;&nbsp;&nbsp;Level 1&#151;quoted prices in active markets for identical investments</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">&bull;&nbsp;&nbsp;Level 2&#151;other significant observable inputs (including quoted prices for similar investments, interest rates, credit risk, etc.)</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">&bull;&nbsp;&nbsp;Level 3&#151;significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments)</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">For movements between the levels within the fair value hierarchy, the Fund has adopted a policy of recognizing the transfer at the end of the period in which the underlying event causing the movement </font></p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times"><br>24</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=24,FOLIO='24',FILE='12-15599-2.fa',USER='105707',CD='Aug 23 15:34 2012' -->
<br clear="all" style="page-break-before:always;">
<p align="center"><font face="Arial, Helvetica" style="font-size:18pt;"><b>COHEN &amp; STEERS QUALITY INCOME REALTY FUND, INC.</b></font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:10pt;">NOTES TO FINANCIAL STATEMENTS (Unaudited)&#151;(Continued)</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">occurred. Changes in valuation techniques may result in transfers into or out of an assigned level within the disclosure hierarchy. There were no transfers between Level 1 and Level 2 securities during the six months ended June 30, 2012.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">The following is a summary of the inputs used as of June 30, 2012 in valuing the Fund's investments carried at value:</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td colspan="3" width="155" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="126" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Total</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="115" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Quoted Prices <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">In Active <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">Markets for <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">Identical <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">Investments<BR></font><font face="Arial, Helvetica" style="font-size:10pt;">(Level 1)</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="114" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Other <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">Significant <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">Observable <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">Inputs<BR></font><font face="Arial, Helvetica" style="font-size:10pt;">(Level 2)</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="127" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Significant <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">Unobservable <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">Inputs<BR></font><font face="Arial, Helvetica" style="font-size:10pt;">(Level 3)</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="155" bgcolor="#cceeff" align="left" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Common Stock</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" align="right" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">$</font></td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">1,307,430,955</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" align="right" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">$</font></td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">1,307,430,955</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" align="right" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">$</font></td>
<td colspan="1" width="73" bgcolor="#cceeff" align="right" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">&#151;</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" align="right" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">$</font></td>
<td colspan="1" width="83" bgcolor="#cceeff" align="right" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">&#151;</font></td>
<td colspan="1" width="22" bgcolor="#cceeff" align="left" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"><sup>a</sup></font>&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="155" align="left" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Preferred Securities&#151;$25 Par <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">Value</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">244,654,608</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">244,654,608</font></td>
<td colspan="1" width="8" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="73" align="right" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">&#151;</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="83" align="right" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">&#151;</font></td>
<td colspan="1" width="22" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="155" bgcolor="#cceeff" align="left" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Preferred Securities&#151;Capital <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">Securities&#151;Real <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">Estate&#151;Diversified</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">1,705,260</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">&#151;</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="73" bgcolor="#cceeff" align="right" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">&#151;</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="83" bgcolor="#cceeff" align="right" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">1,705,260</font></td>
<td colspan="1" width="22" bgcolor="#cceeff" align="left" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"><sup>b</sup></font>&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="155" align="left" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Preferred Securities&#151;Capital <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">Securities&#151;Other</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">50,624,051</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">&#151;</font></td>
<td colspan="1" width="8" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="73" align="right" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">50,624,051</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="83" align="right" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">&#151;</font></td>
<td colspan="1" width="22" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="155" bgcolor="#cceeff" align="left" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Corporate Bonds&#151;Real <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">Estate&#151;Shopping <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">Center</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">11,339,646</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">&#151;</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="73" bgcolor="#cceeff" align="right" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">&#151;</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="83" bgcolor="#cceeff" align="right" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">11,339,646</font></td>
<td colspan="1" width="22" bgcolor="#cceeff" align="left" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;"><sup>b</sup></font>&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="155" align="left" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Corporate Bonds&#151;Other <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">Industries</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">23,074,737</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">&#151;</font></td>
<td colspan="1" width="8" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="73" align="right" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">23,074,737</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="83" align="right" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">&#151;</font></td>
<td colspan="1" width="22" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="155" bgcolor="#cceeff" align="left" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Money Market Funds</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">13,400,501</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">&#151;</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="73" bgcolor="#cceeff" align="right" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">13,400,501</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="83" bgcolor="#cceeff" align="right" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">&#151;</font></td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="155" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Total Investments<sup>c</sup></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">$</font></td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">1,652,229,758</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">$</font></td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">1,552,085,563</font></td>
<td colspan="1" width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">$</font></td>
<td colspan="1" width="73" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">87,099,289</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">$</font></td>
<td colspan="1" width="83" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">13,044,906</font></td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="155" bgcolor="#cceeff" align="left" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Interest rate swaps</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">(13,682,004</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" align="left" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">)</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">&#151;</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="73" bgcolor="#cceeff" align="right" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">(13,682,004</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" align="left" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">)</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="83" bgcolor="#cceeff" align="right" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">&#151;</font></td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:2pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="155" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Total Depreciation in <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">Other Financial <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">Instruments<sup>c</sup></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">$</font></td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">(13,682,004</font></td>
<td colspan="1" width="19" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">)</font></td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">$</font></td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">&#151;</font></td>
<td colspan="1" width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">$</font></td>
<td colspan="1" width="73" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">(13,682,004</font></td>
<td colspan="1" width="19" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">)</font></td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">$</font></td>
<td colspan="1" width="83" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">&#151;</font></td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
</table>

<p style="margin:0pt 0pt 0pt 0pt; height:18pt;">&nbsp;</p>
<p><font face="Arial, Helvetica" style="font-size:10pt;"><sup>a</sup>&nbsp;&nbsp;BGP Holdings PLC was acquired via a spinoff and has been fair valued, by the Valuation Committee, at zero pursuant to the Fund's fair value procedures and classified as a Level 3 security. Its likelihood of having value in the future is remote.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;"><sup>b</sup>&nbsp;&nbsp;Deemed illiquid and valued by a pricing service which utilized independent broker quotes.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;"><sup>c</sup>&nbsp;&nbsp;Portfolio holdings are disclosed individually on the Schedule of Investments.</font></p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times"><br>25</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=25,FOLIO='25',FILE='12-15599-2.fa',USER='105707',CD='Aug 23 15:34 2012' -->
<br clear="all" style="page-break-before:always;">
<p align="center"><font face="Arial, Helvetica" style="font-size:18pt;"><b>COHEN &amp; STEERS QUALITY INCOME REALTY FUND, INC.</b></font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:10pt;">NOTES TO FINANCIAL STATEMENTS (Unaudited)&#151;(Continued)</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">Investments classified as Level 3 infrequently trade and have significant unobservable inputs. Such items include investments for which the determination of fair value is based on prices from reputable dealers or third party pricing services without applying any adjustment.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">Following is a reconciliation of investments for which significant unobservable inputs (Level 3) were used in determining fair value:</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td colspan="3" width="177" valign="bottom" style="padding:4pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="116" align="center" valign="bottom" style="padding:4pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Total <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">Investments <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">in Securities</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="101" align="center" valign="bottom" style="padding:4pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Preferred <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">Securities&#151;<BR></font><font face="Arial, Helvetica" style="font-size:10pt;">Capital <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">Securities&#151;<BR></font><font face="Arial, Helvetica" style="font-size:10pt;">Real <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">Estate&#151;<BR></font><font face="Arial, Helvetica" style="font-size:10pt;">Diversified</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="121" align="center" valign="bottom" style="padding:4pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Corporate <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">Bonds&#151;Real <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">Estate&#151;<BR></font><font face="Arial, Helvetica" style="font-size:10pt;">Shopping <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">Center</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="177" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Balance as of December 31, 2011</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">$</font></td>
<td colspan="1" width="75" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">7,433,538</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">$</font></td>
<td colspan="1" width="71" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">&#151;</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">$</font></td>
<td colspan="1" width="80" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">7,433,538</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="177" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Change in unrealized <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">depreciation</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="75" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">(277,892</font></td>
<td colspan="1" width="19" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">)</font></td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="71" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">&#151;</font></td>
<td colspan="1" width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="80" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">(277,892</font></td>
<td colspan="1" width="19" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">)</font></td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="177" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Transfers into Level 3</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="75" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">5,889,260</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="71" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">1,705,260</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="80" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">4,184,000</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="177" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Balance as of June 30, 2012</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">$</font></td>
<td colspan="1" width="75" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">13,044,906</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">$</font></td>
<td colspan="1" width="71" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">1,705,260</font></td>
<td colspan="1" width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">$</font></td>
<td colspan="1" width="80" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">11,339,646</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
</table>

<p style="margin:0pt 0pt 0pt 0pt; height:18pt;">&nbsp;</p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">The change in unrealized appreciation/(depreciation) attributable to securities owned on June 30, 2012 which were valued using significant unobservable inputs (Level 3) amounted to $(277,892). Transfers are recognized at the end of the period.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;"><i>Security Transactions and Investment Income:</i></font><font face="Arial, Helvetica" style="font-size:10pt;"> Security transactions are recorded on trade date. Realized gains and losses on investments sold are recorded on the basis of identified cost. Interest income is recorded on the accrual basis. Discounts are accreted and premiums are amortized over the life of the respective securities. Dividend income is recorded on the ex-dividend date, except for certain dividends on foreign securities, which are recorded as soon as the Fund is informed after the ex-dividend date. Distributions from Real Estate Investment Trusts ("REITs") are recorded as ordinary income, net realized capital gain or return of capital based on information reported by the REITs and management's estimates of such amounts based on historical information. These estimates are adjusted when the actual source of distributions is disclosed by the REITs and may differ from the estimated amounts.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">Debt obligations may be placed on non-accrual status and related interest income may be reduced by ceasing current accruals and writing off interest receivable when the collection of all or a portion of interest has become doubtful based on consistently applied procedures. A debt obligation is removed from non-accrual status when the issuer resumes interest payments or when collectability of interest is reasonably assured.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;"><i>Options:</i></font><font face="Arial, Helvetica" style="font-size:10pt;"> The Fund may write put or call options on an index and put and covered call options on securities with the intention of earning option premiums. Option premiums may increase the Fund's realized gains and therefore may help increase distributable income. When the Fund writes (sells) an option, an amount equal to the premium received by the Fund is recorded on the Statement of Assets </font></p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times"><br>26</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=26,FOLIO='26',FILE='12-15599-2.fa',USER='105707',CD='Aug 23 15:34 2012' -->
<br clear="all" style="page-break-before:always;">
<p align="center"><font face="Arial, Helvetica" style="font-size:18pt;"><b>COHEN &amp; STEERS QUALITY INCOME REALTY FUND, INC.</b></font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:10pt;">NOTES TO FINANCIAL STATEMENTS (Unaudited)&#151;(Continued)</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">and Liabilities as a liability. The amount of the liability is subsequently marked-to-market to reflect the current market value of the option written. When an option expires, the Fund realizes a gain on the option to the extent of the premium received. Premiums received from writing options which are exercised or closed are added to or offset against the proceeds or amount paid on the transaction to determine the realized gain or loss. If a put option on a security is exercised, the premium reduces the cost basis of the security purchased by the Fund. If a call option is exercised, the premium is added to the proceeds of the security sold to determine the realized gain or loss. The Fund, as writer of an option, bears the market risk of an unfavorable change in the price of the underlying index or security. Other risks include the possibility of an illiquid options market or the inability of the counterparties to fulfill their obligations under the contracts. During the six months ended June 30, 2012, the Fund did not write options.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;"><i>Foreign Currency Translation:</i></font><font face="Arial, Helvetica" style="font-size:10pt;"> The books and records of the Fund are maintained in U.S. dollars as follows: (1) the foreign currency market value of investment securities, other assets and liabilities and foreign currency contracts are translated at the exchange rates prevailing on the date of valuation; and (2) purchases, sales, income and expenses are translated at the exchange rates prevailing on the respective dates of such transactions. The resultant exchange gains and losses are recorded as realized and unrealized gain/loss on foreign exchange transactions. Pursuant to U.S. federal income tax regulations, certain foreign exchange gains/losses included in realized and unrealized gain/loss are included in or are a reduction of ordinary income for federal income tax purposes. The Fund does not isolate that portion of the results of operations arising as a result of changes in foreign exchange rates on investments from the changes in market prices of securities.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;"><i>Foreign Securities:</i></font><font face="Arial, Helvetica" style="font-size:10pt;"> The Fund may directly purchase securities of foreign issuers. Investing in securities of foreign issuers involves special risks not typically associated with investing in securities of U.S. issuers. The risks include possible revaluation of currencies, the ability to repatriate funds, less complete financial information about companies and possible future adverse political and economic developments. Moreover, securities of many foreign issuers and their markets may be less liquid and their prices more volatile than those of securities of comparable U.S. issuers.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;"><i>Interest Rate Swaps:</i></font><font face="Arial, Helvetica" style="font-size:10pt;"> The Fund uses interest rate swaps in connection with borrowing under its credit agreement. The interest rate swaps are intended to reduce interest rate risk by countering the effect that an increase in short-term interest rates could have on the performance of the Fund's common shares as a result of the floating rate structure of interest owed pursuant to the credit agreement. In these interest rate swaps, the Fund agrees to pay the other party to the interest rate swap (which is known as the counterparty) a fixed rate payment in exchange for the counterparty's agreement to pay the Fund a variable rate payment that is intended to approximate the Fund's variable rate payment obligation on the credit agreement. The payment obligation is based on the notional amount of the swap. Depending on the state of interest rates in general, the use of interest rate swaps could enhance or harm the overall performance of the common shares. The market value of interest rate swaps is based on pricing models that consider the time value of money, volatility, the current market and contractual prices of the underlying financial instrument. Unrealized appreciation is reported as an asset and unrealized depreciation is reported as a liability on the Statement of Assets and Liabilities. The change in value of swaps, including the accrual of periodic amounts of interest to be paid or received </font></p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times"><br>27</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=27,FOLIO='27',FILE='12-15599-2.fa',USER='105707',CD='Aug 23 15:34 2012' -->
<br clear="all" style="page-break-before:always;">
<p align="center"><font face="Arial, Helvetica" style="font-size:18pt;"><b>COHEN &amp; STEERS QUALITY INCOME REALTY FUND, INC.</b></font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:10pt;">NOTES TO FINANCIAL STATEMENTS (Unaudited)&#151;(Continued)</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">on swaps, is reported as unrealized appreciation or depreciation in the Statement of Operations. A realized gain or loss is recorded upon payment or receipt of a periodic payment or termination of a swap agreement. Swap agreements involve, to varying degrees, elements of market and counterparty risk, and exposure to loss in excess of the related amounts reflected on the Statement of Assets and Liabilities. The Fund's maximum risk of loss from counterparty credit risk is the discounted net value of the cash flows to be received from the counterparty over the contract's remaining life, to the extent that such amount is positive.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">For each swap counterparty, the Fund entered into an International Swap and Derivatives Association Inc. Master Agreement and related annexes thereto ("ISDA") which sets forth the general terms and conditions of the Fund's swap transactions. During 2008, the Fund notified Merrill Lynch Derivative Products AG ("MLDP") and UBS AG ("UBS") that it breached certain terms and conditions of its ISDAs. On November 21, 2008, UBS granted a conditional waiver to the Fund stating that UBS did not intend to presently exercise its rights under the ISDA. MLDP has required that the Fund post collateral in the form of cash or U.S. Treasury securities. The collateral amount is determined by the approximate unrealized depreciation of a particular swap transaction on each valuation date. As of June 30, 2012, this amount was $5,858,000 and was pledged in cash by the Fund to MLDP. At June 30, 2012, the Fund continues to operate under the existing terms of all of its various ISDAs, including those with MLDP and UBS. However, MLDP and UBS reserve any and all rights to take any future action with respect to such events, including termination of outstanding swap transactions; termination or renegotiation of the ISDAs; requiring posting of collateral in the form of cash or U.S. Treasury securities representing the unrealized depreciation on outstanding interest rate swap transactions or continuation under the current terms of the ISDAs. Any action resulting in the early termination of an interest rate swap transaction would cause the Fund to realize any market depreciation that existed on such transaction. In addition to realizing such losses, the early termination of a swap transaction may generate additional expenses for the Fund.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;"><i>Dividends and Distributions to Shareholders:</i></font><font face="Arial, Helvetica" style="font-size:10pt;"> Dividends from net investment income and capital gain distributions are determined in accordance with U.S. federal income tax regulations, which may differ from GAAP. Dividends from net investment income, if any, are declared and paid quarterly. Net realized capital gains, unless offset by any available capital loss carryforward, are typically distributed to shareholders at least annually. Dividends and distributions to shareholders are recorded on the ex-dividend date and are automatically reinvested in full and fractional shares of the Fund in accordance with the Fund's Reinvestment Plan, unless the shareholder has elected to have them paid in cash. Distributions paid by the Fund are subject to recharacterization for tax purposes.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;"><i>Income Taxes:</i></font><font face="Arial, Helvetica" style="font-size:10pt;"> It is the policy of the Fund to continue to qualify as a regulated investment company, if such qualification is in the best interest of the shareholders, by complying with the requirements of Subchapter M of the Internal Revenue Code applicable to regulated investment companies, and by distributing substantially all of its taxable earnings to its shareholders. Accordingly, no provision for federal income or excise tax is necessary. Dividend and interest income from holdings in non-U.S. securities is recorded net of non-U.S. taxes paid. Management has analyzed the Fund's tax positions taken on federal income tax returns as well as its tax positions in non-U.S. jurisdictions in which it trades for all open tax years and has concluded that as of June 30, 2012, no additional provisions for income </font></p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times"><br>28</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=28,FOLIO='28',FILE='12-15599-2.fa',USER='105707',CD='Aug 23 15:34 2012' -->
<br clear="all" style="page-break-before:always;">
<p align="center"><font face="Arial, Helvetica" style="font-size:18pt;"><b>COHEN &amp; STEERS QUALITY INCOME REALTY FUND, INC.</b></font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:10pt;">NOTES TO FINANCIAL STATEMENTS (Unaudited)&#151;(Continued)</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">tax are required in the Fund's financial statements. The Fund's tax positions for the tax years for which the applicable statutes of limitations have not expired are subject to examination by the Internal Revenue Service, state departments of revenue and by foreign tax authorities.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">Note 2. Investment Management Fees, Administration Fees and Other Transactions with Affiliates</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;"><i>Investment Management Fees:</i></font><font face="Arial, Helvetica" style="font-size:10pt;"> The investment manager serves as the Fund's investment manager pursuant to an investment management agreement (the investment management agreement). Under the terms of the investment management agreement, the investment manager provides the Fund with day-to-day investment decisions and generally manages the Fund's investments in accordance with the stated policies of the Fund, subject to the supervision of the Board of Directors.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">For the services provided to the Fund, the investment manager receives a fee, accrued daily and paid monthly, at the annual rate of 0.85% of the average daily managed assets of the Fund. Managed assets are equal to the net assets of the common shares plus the amount of borrowings used for leverage outstanding.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">The investment manager contractually agreed to waive its management fee in the amount of 0.02% of average daily managed assets in 2011. Effective January 1, 2012, the investment manager is no longer waiving fees.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;"><i>Administration Fees:</i></font><font face="Arial, Helvetica" style="font-size:10pt;"> The Fund has entered into an administration agreement with the investment manager under which the investment manager performs certain administrative functions for the Fund and receives a fee, accrued daily and paid monthly, at the annual rate of 0.02% of the Fund's average daily managed assets. For the six months ended June 30, 2012, the Fund paid the investment manager $159,064 in fees under this administration agreement. Additionally, the Fund pays State Street Bank and Trust Company as co-administrator under a fund accounting and administration agreement.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;"><i>Directors' and Officers' Fees:</i></font><font face="Arial, Helvetica" style="font-size:10pt;"> Certain directors and officers of the Fund are also directors, officers and/or employees of the investment manager. The Fund does not pay compensation to directors and officers affiliated with the investment manager except for the Chief Compliance Officer, who received compensation from the investment manager which was reimbursed by the Fund in the amount of $11,782 for the six months ended June 30, 2012.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">Note 3. Purchases and Sales of Securities</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">Purchases and sales of securities, excluding short-term investments, for the six months ended June 30, 2012, totaled $518,150,168 and $529,222,283, respectively.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">Note 4. Derivative Investments</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">The following tables present the value of derivatives held at June 30, 2012 and the effect of derivatives held during the six months ended June 30, 2012, along with the respective location in the </font></p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times"><br>29</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=29,FOLIO='29',FILE='12-15599-2.fa',USER='105707',CD='Aug 23 15:34 2012' -->
<br clear="all" style="page-break-before:always;">
<p align="center"><font face="Arial, Helvetica" style="font-size:18pt;"><b>COHEN &amp; STEERS QUALITY INCOME REALTY FUND, INC.</b></font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:10pt;">NOTES TO FINANCIAL STATEMENTS (Unaudited)&#151;(Continued)</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">financial statements. The balance of outstanding interest rate swaps at June 30, 2012 is representative of the volume outstanding throughout the six months ended June 30, 2012.</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td colspan="19" width="510" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Statement of Assets and Liabilities</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="103" valign="bottom" style="padding:4pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="7" width="173" align="center" valign="bottom" style="padding:4pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Assets</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="7" width="226" align="center" valign="bottom" style="padding:4pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Liabilities</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="103" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Derivatives</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="72" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Location</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="93" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Fair Value</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="126" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Location</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="100" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Fair Value</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="103" align="left" valign="bottom" style="padding:0pt .7pt 10pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Interest rate swap&nbsp;</font><BR><font face="Arial, Helvetica" style="font-size:10pt;">contracts</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="8" valign="bottom" style="padding:0pt .7pt 10pt 0pt;">
&nbsp;</td>
<td colspan="1" width="56" align="right" valign="bottom" style="padding:0pt .7pt 10pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">&#151;</font></td>
<td colspan="1" width="8" valign="bottom" style="padding:0pt .7pt 10pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="22" align="right" valign="bottom" style="padding:0pt .7pt 10pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">$</font></td>
<td colspan="1" width="63" align="right" valign="bottom" style="padding:0pt .7pt 10pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">&#151;</font></td>
<td colspan="1" width="8" valign="bottom" style="padding:0pt .7pt 10pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="3" width="126" align="left" valign="bottom" style="padding:0pt .7pt 10pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Unrealized depreciation</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" align="right" valign="bottom" style="padding:0pt .7pt 10pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">$</font></td>
<td colspan="1" width="70" align="right" valign="bottom" style="padding:0pt .7pt 10pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">13,682,004</font></td>
<td colspan="1" width="8" valign="bottom" style="padding:0pt .7pt 10pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="19" width="510" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Statement of Operations</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
</tr>
</table>

<p style="margin:0pt 0pt 0pt 0pt; height:18pt;">&nbsp;</p>
<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td colspan="3" width="102" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Derivatives</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="204" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Location</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="110" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Realized <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">Gain/(Loss)</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="110" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Change in <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">Unrealized <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">Appreciation/<BR></font><font face="Arial, Helvetica" style="font-size:10pt;">(Depreciation)</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="102" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Interest rate swap <BR></font><font face="Arial, Helvetica" style="font-size:10pt;">contracts</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="204" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Net Realized and Unrealized Gain (Loss)</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">$</font></td>
<td colspan="1" width="69" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">(4,514,789</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">)</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">$</font></td>
<td colspan="1" width="80" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">2,292,664</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
</table>

<p style="margin:0pt 0pt 0pt 0pt; height:18pt;">&nbsp;</p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">Note 5. Income Tax Information</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">As of June 30, 2012, the federal tax cost and unrealized appreciation and depreciation in value of securities held were as follows:</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td colspan="3" width="187" bgcolor="#cceeff" align="left" valign="bottom" style="padding:4pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Cost for federal income tax purposes</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" align="right" valign="bottom" style="padding:4pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">$</font></td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:4pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">1,260,134,067</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" valign="bottom" style="padding:4pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="187" align="left" valign="bottom" style="padding:4pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Gross unrealized appreciation</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" align="right" valign="bottom" style="padding:4pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">$</font></td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:4pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">402,033,708</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:4pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="187" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Gross unrealized depreciation</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="22" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">(9,938,017</font></td>
<td colspan="1" width="19" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">)</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="187" align="left" valign="bottom" style="padding:4pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Net unrealized appreciation</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="22" align="right" valign="bottom" style="padding:4pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">$</font></td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:4pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">392,095,691</font></td>
<td colspan="1" width="19" valign="bottom" style="padding:4pt .7pt 0pt 0pt; border:none; border-bottom:double windowtext 2.25pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
</table>

<p style="margin:0pt 0pt 0pt 0pt; height:18pt;">&nbsp;</p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">As of December 31, 2011, the Fund had a net capital loss carryforward of $147,211,720, of which $3,821,030 will expire on December 31, 2015, $91,522,166 will expire on December 31, 2016 and $51,868,524 will expire on December 31, 2017. This carryforward may be used to offset future capital gains to the extent provided by regulations. Included in the net capital loss carryforward is $99,712,210 of capital loss carryforwards that were acquired from the Fund's mergers with Cohen &amp; Steers Premium Income Realty Fund, Inc., Cohen &amp; Steers Advantage Income Realty Fund, Inc. and Cohen &amp; Steers Worldwide Realty Income Fund, Inc. Federal tax rules limit the Fund's use of these capital loss carryforwards. It is possible that all or a portion of these losses will not be able to be utilized prior to their expiration. In addition, the Fund incurred short-term capital losses of $4,195,330 and net ordinary losses of $303,040 after October 31, 2011, that it has elected to treat as arising in the following fiscal year.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">Note 6. Capital Stock</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">The Fund is authorized to issue 300 million shares of common stock at a par value of $0.001 per share.</font></p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times"><br>30</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=30,FOLIO='30',FILE='12-15599-2.fa',USER='105707',CD='Aug 23 15:34 2012' -->
<br clear="all" style="page-break-before:always;">
<p align="center"><font face="Arial, Helvetica" style="font-size:18pt;"><b>COHEN &amp; STEERS QUALITY INCOME REALTY FUND, INC.</b></font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:10pt;">NOTES TO FINANCIAL STATEMENTS (Unaudited)&#151;(Continued)</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">During the six months ended June 30, 2012, and the year ended December 31, 2011, the Fund issued no shares of common stock for the reinvestment of dividends.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">On December 14, 2011, the Board of Directors approved the continuation of the delegation of its authority to management to effect repurchases, pursuant to management's discretion and subject to market conditions and investment considerations, of up to 10% of the Fund's common shares outstanding ("Share Repurchase Program") as of January 1, 2012 through the fiscal year ended December 31, 2012. During the six months ended June 30, 2012 and the year ended December 31, 2011, the Fund did not effect any repurchases.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">Note 7. Borrowings</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">The Fund has a $460,000,000 revolving credit agreement (the credit agreement) with BNP Paribas Prime Brokerage Inc. (BNPP). The Fund pays a monthly financing charge which is calculated based on the used portion of the credit agreement and a LIBOR-based rate. The Fund also pays a facility fee of 0.55% per annum on the unused portion of the credit agreement. The credit agreement has a 360-day rolling term that resets daily (prior to February 1, 2012, the rolling term was 270 days); however, if the Fund exceeds certain net asset value triggers, the credit agreement may convert to a 60-day rolling term that resets daily and if the Fund violates certain other conditions, the credit agreement may be terminated. The Fund is required to pledge portfolio securities as collateral in an amount up to two times the loan balance outstanding and has granted a security interest in the securities pledged to, and in favor of, BNPP as security for the loan balance outstanding. If the Fund fails to meet certain requirements, or maintain other financial covenants required under the credit agreement, the Fund may be required to repay immediately, in part or in full, the loan balance outstanding under the credit agreement, necessitating the sale of portfolio securities at potentially inopportune times. The credit agreement also permits, subject to certain conditions, BNPP to rehypothecate portfolio securities pledged by the Fund up to the amount of the loan balance outstanding. The Fund continues to receive dividends and interest on rehypothecated securities. The Fund also has the right under the credit agreement to recall the rehypothecated securities from BNPP on demand. If BNPP fails to deliver the recalled security in a timely manner, the Fund will be compensated by BNPP for any fees or losses related to the failed delivery or, in the event a recalled security will not be returned by BNPP, the Fund, upon notice to BNPP, may reduce the loan balance outstanding by the amount of the recalled security failed to be returned. The Fund will receive a portion of the fees earned by BNPP in connection with the rehypothecation of portfolio securities.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">As of June 30, 2012, the Fund had outstanding borrowings of $460,000,000. During the six months ended June 30, 2012, the Fund borrowed an average daily balance of $460,000,000 at a weighted average borrowing cost of 1.26%. As of June 30, 2012, the aggregate value of rehypothecated securities was $428,296,790. During the six months ended June 30, 2012, the Fund earned $294,904 in fees from rehypothecated securities.</font></p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times"><br>31</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=31,FOLIO='31',FILE='12-15599-2.fa',USER='105707',CD='Aug 23 15:34 2012' -->
<br clear="all" style="page-break-before:always;">
<p align="center"><font face="Arial, Helvetica" style="font-size:18pt;"><b>COHEN &amp; STEERS QUALITY INCOME REALTY FUND, INC.</b></font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:10pt;">NOTES TO FINANCIAL STATEMENTS (Unaudited)&#151;(Continued)</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">Note 8. Other</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">In the normal course of business, the Fund enters into contracts that provide general indemnifications. The Fund's maximum exposure under these arrangements is dependent on claims that may be made against the Fund in the future and, therefore, cannot be estimated; however, based on experience, the risk of material loss from such claims is considered remote.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">Note 9. Subsequent Events</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">Management has evaluated events and transactions occurring after June 30, 2012 through the date that the financial statements were issued, and has determined that no additional disclosure in the financial statements is required.</font></p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times"><br>32</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=32,FOLIO='32',FILE='12-15599-2.fa',USER='105707',CD='Aug 23 15:34 2012' -->
<br clear="all" style="page-break-before:always;">


<br clear="all" style="page-break-before:always;">
<!-- Document name: 12-15599-2.ga-->
<p align="center"><font face="Arial, Helvetica" style="font-size:18pt;"><b>COHEN &amp; STEERS QUALITY INCOME REALTY FUND, INC.</b></font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:10pt;">PROXY RESULTS (Unaudited)</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">Cohen &amp; Steers Quality Income Realty Fund, Inc. shareholders voted on the following proposals at the annual meeting held on April 26, 2012. The description of each proposal and number of shares voted are as follows:</font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:10pt;">Common Shares</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td colspan="3" width="104" valign="bottom" style="padding:0pt .7pt 1pt 0pt;">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="107" align="center" valign="bottom" style="padding:0pt .7pt 1pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Shares Voted<BR></font><font face="Arial, Helvetica" style="font-size:10pt;">For</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="101" align="center" valign="bottom" style="padding:0pt .7pt 1pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Authority<BR></font><font face="Arial, Helvetica" style="font-size:10pt;">Withheld</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="11" width="320" bgcolor="#cceeff" align="left" valign="bottom" style="padding:6pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">To elect Directors:</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="104" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">George Grossman</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="91" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">97,096,736.485</font></td>
<td colspan="1" width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">2,194,354.750</font></td>
<td colspan="1" width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="104" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Robert H. Steers</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="91" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">97,116,870.837</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">2,174,220.398</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="104" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">C. Edward Ward Jr.</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="91" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">97,225,223.584</font></td>
<td colspan="1" width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="85" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">2,065,867.651</font></td>
<td colspan="1" width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
</table>

<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times"><br>33</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=33,FOLIO='33',FILE='12-15599-2.ga',USER='105707',CD='Aug 23 15:34 2012' -->
<br clear="all" style="page-break-before:always;">
<p align="center"><font face="Arial, Helvetica" style="font-size:18pt;"><b>COHEN &amp; STEERS QUALITY INCOME REALTY FUND, INC.</b></font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:10pt;">AVERAGE ANNUAL TOTAL RETURNS</font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:10pt;">(Periods ended June 30, 2012) (Unaudited)</font></p>
<table border="0" cellspacing="0" cellpadding="0">
<tr>
<td colspan="15" width="434" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Based on Net Asset Value</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="15" width="434" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Based on Market Value</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="94" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">One Year</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="98" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Five Years</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="97" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Ten Years</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="121" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Since Inception<BR></font><font face="Arial, Helvetica" style="font-size:10pt;">(02/28/02)</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="94" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">One Year</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="98" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Five Years</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="97" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Ten Years</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="121" align="center" valign="bottom" style="padding:0pt .7pt 0pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">Since Inception<BR></font><font face="Arial, Helvetica" style="font-size:10pt;">(02/28/02)</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="61" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">12.05</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">%</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="65" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">&#150;2.51</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">%</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">8.31</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">%</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="88" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">8.85</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">%</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="61" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">15.76</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">%</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="65" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">&#150;1.53</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">%</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="64" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">8.08</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">%</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="88" bgcolor="#cceeff" align="right" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">8.15</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:10pt;">%</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
</table>

<p style="margin:0pt 0pt 0pt 0pt; height:18pt;">&nbsp;</p>
<p><font face="Arial, Helvetica" style="font-size:10pt;"><i>The performance data quoted represent past performance. Past performance is no guarantee of future results. The investment return will vary and the principal value of an investment will fluctuate and shares, if sold, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Performance results reflect the effect of leverage resulting from the issuance of preferred shares and/or borrowings under a credit agreement. Current total returns of the Fund can be obtained by visiting our Web site at cohenandsteers.com. The Fund's returns assume the reinvestment of all dividends and distributions at prices obtained under the Fund's dividend reinvestment plan.</i></font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:10pt;">REINVESTMENT PLAN</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">We urge shareholders who want to take advantage of this plan and whose shares are held in 'Street Name' to consult your broker as soon as possible to determine if you must change registration into your own name to participate.</font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:10pt;">OTHER INFORMATION</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">A description of the policies and procedures that the Fund uses to determine how to vote proxies relating to portfolio securities is available (i) without charge, upon request, by calling 800-330-7348, (ii) on our Web site at cohenandsteers.com or (iii) on the Securities and Exchange Commission's Web site at http://www.sec.gov. In addition, the Fund's proxy voting record for the most recent 12-month period ended June 30 is available by August 31 of each year (i) without charge, upon request, by calling 800-330-7348 or (ii) on the SEC's Web site at http://www.sec.gov.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">The Fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The Fund's Forms N-Q are available (i) without charge, upon request by calling 800-330-7348 or (ii) on the SEC's Web site at http://www.sec.gov. In addition, the Forms N-Q may be reviewed and copied at the SEC's Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 800-SEC-0330.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">Please note that the distributions paid by the Fund to shareholders are subject to recharacterization for tax purposes and are taxable up to the amount of the Fund's investment company taxable income and net realized gains. Distributions in excess of the Fund's net investment company taxable income and realized gains are a return of capital distributed from the Fund's assets. To the extent this occurs, the Fund's shareholders of record will be notified of the estimated amount of capital returned to shareholders for each such distribution and this information will also be available at cohenandsteers.com. The final tax treatment of all distributions is reported to shareholders on their 1099-DIV forms, which are mailed after the close of each calendar year. 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.</font></p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times"><br>34</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=34,FOLIO='34',FILE='12-15599-2.ga',USER='105707',CD='Aug 23 15:34 2012' -->
<br clear="all" style="page-break-before:always;">
<p align="center"><font face="Arial, Helvetica" style="font-size:18pt;"><b>COHEN &amp; STEERS QUALITY INCOME REALTY FUND, INC.</b></font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">Notice is hereby given in accordance with Rule 23c-1 under the Investment Company Act of 1940 that the Fund may purchase, from time to time, shares of its common stock in the open market.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;"><i>Change to the Portfolio Management Team</i></font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">Jason A. Yablon was added to the Fund's portfolio management team in 2012. Mr. Yablon is vice president of the Advisor and Cohen &amp; Steers and serves as an analyst specializing in real estate securities in Brazil and Mexico. Prior to joining the Advisor in 2004, Mr. Yablon was a sell-side analyst at Morgan Stanley for four years, focusing on apartment and health care REITs.</font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:10pt;">APPROVAL OF INVESTMENT ADVISORY AGREEMENT</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">The Board of Directors of the Fund, including a majority of the directors who are not parties to the Fund's investment management agreement (the "Management Agreement"), or interested persons of any such party ("Independent Directors"), has the responsibility under the 1940 Act to approve the Fund's Management Agreement for its initial two year term and its continuation annually thereafter at a meeting of the Board of Directors called for the purpose of voting on the approval or continuation. At a telephonic meeting of the Board of Directors held on June 12, 2012 and at a meeting held in person on June 19, 2012, the Management Agreement was discussed and was unanimously continued for a term ending June 30, 2013, by the Fund's Board of Directors, including the Independent Directors. The Independent Directors were represented by independent counsel who assisted them in their deliberations during the meeting and executive session.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">In considering whether to continue the Management Agreement, the Board of Directors reviewed materials provided by the Fund's investment manager (the "Investment Manager") and Fund counsel which included, among other things, fee, expense and performance information compared to peer funds ("Peer Funds") and performance comparisons to a larger category universe, prepared by an independent data provider; summary information prepared by the Investment Manager; and a memorandum outlining the legal duties of the Board of Directors. The Board of Directors also spoke directly with representatives of the independent data provider and met with investment management personnel. In addition, the Board of Directors considered information provided from time to time by the Investment Manager throughout the year at meetings of the Board of Directors, including presentations by portfolio managers relating to the investment performance of the Fund and the investment strategies used in pursuing the Fund's objective. In particular, the Board of Directors considered the following:</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;"><i>(i) The nature, extent and quality of services to be provided by the Investment Manager:</i></font><font face="Arial, Helvetica" style="font-size:10pt;"> The Board of Directors reviewed the services that the Investment Manager provides to the Fund, including, but not limited to, making the day-to-day investment decisions for the Fund, and generally managing the Fund's investments in accordance with the stated policies of the Fund. The Board of Directors also discussed with officers and portfolio managers of the Fund the types of transactions that were being done on behalf of the Fund. Additionally, the Board of Directors took into account the services provided by the Investment Manager to its other funds, including those that have investment objectives and strategies similar to the Fund. The Board of Directors next considered the education, background and experience of the Investment Manager's personnel, noting particularly that the favorable history and reputation of the portfolio managers for the Fund has had, and would likely continue to have, a favorable impact on the Fund. The Board of Directors further noted the Investment Manager's ability to attract qualified and </font></p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times"><br>35</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=35,FOLIO='35',FILE='12-15599-2.ga',USER='105707',CD='Aug 23 15:34 2012' -->
<br clear="all" style="page-break-before:always;">
<p align="center"><font face="Arial, Helvetica" style="font-size:18pt;"><b>COHEN &amp; STEERS QUALITY INCOME REALTY FUND, INC.</b></font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">experienced personnel. The Board of Directors also considered the administrative services provided by the Investment Manager, including compliance and accounting services. After consideration of the above factors, among others, the Board of Directors concluded that the nature, extent and quality of services provided by the Investment Manager are adequate and appropriate.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;"><i>(ii) Investment performance of the Fund and the Investment Manager:</i></font><font face="Arial, Helvetica" style="font-size:10pt;"> The Board of Directors considered the investment performance of the Fund compared to Peer Funds and compared to a relevant benchmark and blended benchmark. The Board of Directors considered that the Fund outperformed the Peer Funds' median for the one- and ten-year periods ending March 31, 2012, outperformed the benchmark, the blended benchmark and the median of the Peer Funds for the three year period ended March 31, 2012 and was at the Peer Funds' median for the five-year period ended March 31, 2012. The Board of Directors also noted that the Fund underperformed the benchmark and blended benchmark for the one-, five- and ten-year periods ended March 31, 2012. The Board of Directors engaged in discussions with the Investment Manager regarding the contributors and detractors to the Fund's performance during the periods, as well as the impact of leverage on the Fund's performance. The Board of Directors also considered supplemental information provided by the Investment Manager, including a narrative summary of factors affecting performance and the Investment Manager's performance in managing other real estate funds. The Board of Directors then determined that Fund performance, in light of all the considerations noted above, was satisfactory.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;"><i>(iii) Cost of the services to be provided and profits to be realized by the Investment Manager from the relationship with the Fund:</i></font><font face="Arial, Helvetica" style="font-size:10pt;"> Next, the Board of Directors considered the management fees and administrative fees payable by the Fund, as well as total expense ratios. As part of its analysis, the Board of Directors gave consideration to the fee and expense analyses provided by the independent data provider. The Board of Directors considered the Fund's actual and contractual management fees, and the Fund's total expense ratios at managed and common asset levels compared to the medians of the Peer Funds. The Board of Directors noted that the Fund's actual management fees at managed and common asset levels were higher than the median of the Peer Funds, and that the contractual management fee at managed asset levels was also higher than the median of the Peer Funds. The Board of Directors also noted that the Fund's total expense ratios including investment-related expenses at common and managed asset levels were higher than the medians of the Peer Funds, and that total expense ratios excluding investment-related expenses were higher than the median at common asset levels and lower than the median at managed asset levels. The Board of Directors considered the impact of leverage levels and change to the capital structure by replacing auction market preferred securities with borrowings on the Fund's fees and expenses at managed and common asset levels. The Board of Directors also noted that the Investment Manager waived a portion of its management fee in 2011. Effective January 1, 2012, the Investment Manager is no longer waiving fees. The Board of Directors then considered the administrative services provided by the Investment Manager, including compliance and accounting services, and, further noted that the Fund pays an administration fee to the Investment Manager. The Board of Directors concluded that, in light of market conditions, the Fund's current expense structure was satisfactory.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">The Board of Directors also reviewed information regarding the profitability to the Investment Manager of its relationship with the Fund. The Board of Directors considered the level of the Investment Manager's profits and whether the profits were reasonable for the Investment Manager. The Board of </font></p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times"><br>36</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=36,FOLIO='36',FILE='12-15599-2.ga',USER='105707',CD='Aug 23 15:34 2012' -->
<br clear="all" style="page-break-before:always;">
<p align="center"><font face="Arial, Helvetica" style="font-size:18pt;"><b>COHEN &amp; STEERS QUALITY INCOME REALTY FUND, INC.</b></font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">Directors took into consideration other benefits to be derived by the Investment Manager in connection with the Management Agreement, noting particularly the research and related services, within the meaning of Section 28(e) of the Securities Exchange Act of 1934, as amended, that the Investment Manager receives by allocating the Fund's brokerage transactions. The Board of Directors also considered the fees received by the Investment Manager under the Administration Agreement, and noted the significant services received, such as compliance, accounting and operational services and furnishing office space and facilities for the Fund, and providing persons satisfactory to the Board of Directors to serve as officers of the Fund, and that these services were beneficial to the Fund. The Board of Directors concluded that the profits realized by the Investment Manager from its relationship with the Fund were reasonable and consistent with the Investment Manager's fiduciary duties.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;"><i>(iv) The extent to which economies of scale would be realized as the Fund grows and whether fee levels would reflect such economies of scale:</i></font><font face="Arial, Helvetica" style="font-size:10pt;"> The Board of Directors noted that, as a closed-end fund, the Fund would not be expected to have inflows of capital that might produce increasing economies of scale. The Board of Directors determined that, given the Fund's closed-end structure, there were not significant economies of scale that were not being shared with shareholders.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;"><i>(v) Comparison of services rendered and fees paid to those under other investment management contracts, such as contracts of the same and other investment advisors or other clients:</i></font><font face="Arial, Helvetica" style="font-size:10pt;"> As discussed above in (iii), the Board of Directors compared the fees paid under the Management Agreement to those under other investment management contracts of other investment advisors managing Peer Funds. The Board of Directors also considered the services rendered, fees paid and profitability under the Management Agreement to those under the Investment Manager's other management agreements, as well as the services rendered, fees paid and profitability under the management agreements to those under the Investment Manager's other fund management agreements and advisory contracts with institutional and other clients with similar investment mandates. The Board of Directors also considered the entrepreneurial risk and financial exposure assumed by the Investment Manager in developing and managing the Fund that the Investment Manager does not have with institutional and other clients. The Board of Directors determined that on a comparative basis the fees under the Management Agreement were reasonable in relation to the services provided.</font></p>
<p><font face="Arial, Helvetica" style="font-size:10pt;">No single factor was cited as determinative to the decision of the Board of Directors. Rather, after weighing all of the considerations and conclusions discussed above, the Board of Directors, including the Independent Directors, unanimously approved the continuation of the Management Agreement.</font></p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times"><br>37</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=37,FOLIO='37',FILE='12-15599-2.ga',USER='105707',CD='Aug 23 15:34 2012' -->
<br clear="all" style="page-break-before:always;">
<p align="center"><font face="Arial, Helvetica" style="font-size:18pt;"><b>COHEN &amp; STEERS QUALITY INCOME REALTY FUND, INC.</b></font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:10pt;">Cohen &amp; Steers Privacy Policy</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td colspan="3" width="261" align="left" valign="top" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Facts</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="1634" align="left" valign="top" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">What Does Cohen &amp; Steers Do With Your Personal Information?</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr height="8"><td colspan="8" height="8"></td></tr>
<tr>
<td colspan="3" width="261" align="left" valign="top" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Why?</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="1634" align="left" valign="top" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do.</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr height="8"><td colspan="8" height="8"></td></tr>
<tr>
<td colspan="3" width="261" align="left" valign="top" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">What?</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="1634" align="left" valign="top" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">The types of personal information we collect and share depend on the product or service you have with us. This information can include:<BR></font><font face="Arial, Helvetica" style="font-size:9pt;">&bull; Social Security number and account balances<BR></font><font face="Arial, Helvetica" style="font-size:9pt;">&bull; Transaction history and account transactions<BR></font><font face="Arial, Helvetica" style="font-size:9pt;">&bull; Purchase history and wire transfer instructions</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr height="8"><td colspan="8" height="8"></td></tr>
<tr>
<td colspan="3" width="261" align="left" valign="top" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">How?</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="1634" align="left" valign="top" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">All financial companies need to share customers' personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers' personal information; the reasons Cohen &amp; Steers chooses to share; and whether you can limit this sharing.</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr height="8"><td colspan="8" height="8"></td></tr>
</table>

<p style="margin:0pt 0pt 0pt 0pt; height:18pt;">&nbsp;</p>
<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td colspan="3" width="601" align="center" valign="bottom" style="padding:18pt .7pt 3pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Reasons we can share your personal information</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="108" align="center" valign="bottom" style="padding:18pt .7pt 3pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Does Cohen &amp; Steers <BR></font><font face="Arial, Helvetica" style="font-size:9pt;">share?</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="90" align="center" valign="bottom" style="padding:18pt .7pt 3pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Can you limit this <BR></font><font face="Arial, Helvetica" style="font-size:9pt;">sharing?</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="601" align="left" valign="top" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">For our everyday business purposes&#151;<BR></font><font face="Arial, Helvetica" style="font-size:9pt;">such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or reports to credit bureaus</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="108" align="left" valign="top" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Yes</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="90" align="left" valign="top" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">No</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr height="8"><td colspan="12" height="8"></td></tr>
<tr>
<td colspan="3" width="601" align="left" valign="top" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">For our marketing purposes&#151;<BR></font><font face="Arial, Helvetica" style="font-size:9pt;">to offer our products and services to you</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="108" align="left" valign="top" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Yes</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="90" align="left" valign="top" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">No</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr height="8"><td colspan="12" height="8"></td></tr>
<tr>
<td colspan="3" width="601" align="left" valign="top" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">For joint marketing with other financial companies&#151;</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="108" align="left" valign="top" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">No</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="90" align="left" valign="top" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">We don't share</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr height="8"><td colspan="12" height="8"></td></tr>
<tr>
<td colspan="3" width="601" align="left" valign="top" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">For our affiliates' everyday business purposes&#151;<BR></font><font face="Arial, Helvetica" style="font-size:9pt;">information about your transactions and experiences</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="108" align="left" valign="top" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">No</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="90" align="left" valign="top" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">We don't share</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr height="8"><td colspan="12" height="8"></td></tr>
<tr>
<td colspan="3" width="601" align="left" valign="top" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">For our affiliates' everyday business purposes&#151;<BR></font><font face="Arial, Helvetica" style="font-size:9pt;">information about your creditworthiness</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="108" align="left" valign="top" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">No</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="90" align="left" valign="top" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">We don't share</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr height="8"><td colspan="12" height="8"></td></tr>
<tr>
<td colspan="3" width="601" align="left" valign="top" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">For our affiliates to market to you&#151;</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="108" align="left" valign="top" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">No</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="90" align="left" valign="top" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">We don't share</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr height="8"><td colspan="12" height="8"></td></tr>
<tr>
<td colspan="3" width="601" align="left" valign="top" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">For non-affiliates to market to you&#151;</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="108" align="left" valign="top" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">No</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="90" align="left" valign="top" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">We don't share</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr height="8"><td colspan="12" height="8"></td></tr>
</table>

<p style="margin:0pt 0pt 0pt 0pt; height:18pt;">&nbsp;</p>
<p align="left"><font face="Arial, Helvetica" style="font-size:9pt;">Questions?</font><font face="Arial, Helvetica" style="font-size:9pt;">&nbsp;&nbsp;</font><font face="Arial, Helvetica" style="font-size:9pt;">Call 800.330.7348</font></p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times"><br>38</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=38,FOLIO='38',FILE='12-15599-2.ga',USER='105707',CD='Aug 23 15:34 2012' -->
<br clear="all" style="page-break-before:always;">
<p align="center"><font face="Arial, Helvetica" style="font-size:18pt;"><b>COHEN &amp; STEERS QUALITY INCOME REALTY FUND, INC.</b></font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:10pt;">Cohen &amp; Steers Privacy Policy&#151;(Continued)</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td colspan="3" width="261" align="center" valign="bottom" style="padding:0pt .7pt 3pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Who we are</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="1634" align="center" valign="bottom" style="padding:0pt .7pt 3pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;"> </font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="261" align="left" valign="top" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Who is providing this notice?</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="1634" align="left" valign="top" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Cohen &amp; Steers Capital Management, Inc., Cohen &amp; Steers Asia Limited, Cohen &amp; Steers UK Limited, Cohen &amp; Steers Europe SA, Cohen &amp; Steers Securities, LLC, Cohen &amp; Steers Private Funds and Cohen &amp; Steers Open and Closed-End Funds (collectively, "Cohen &amp; Steers").</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr height="8"><td colspan="8" height="8"></td></tr>
<tr>
<td colspan="3" width="261" align="center" valign="bottom" style="padding:18pt .7pt 3pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">What we do</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="1634" align="center" valign="bottom" style="padding:18pt .7pt 3pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;"> </font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="261" align="left" valign="top" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">How does Cohen &amp; Steers protect my personal information?</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="1634" align="left" valign="top" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings. We restrict access to your information to those employees who need it to perform their jobs, and also require companies that provide services on our behalf to protect your information.</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr height="8"><td colspan="8" height="8"></td></tr>
<tr>
<td colspan="3" width="261" align="left" valign="top" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">How does Cohen &amp; Steers collect my personal information?</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="1634" align="left" valign="top" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">We collect your personal information, for example, when you:<BR></font><font face="Arial, Helvetica" style="font-size:9pt;">&bull; Open an account or buy securities from us<BR></font><font face="Arial, Helvetica" style="font-size:9pt;">&bull; Provide account information or give us your contact information<BR></font><font face="Arial, Helvetica" style="font-size:9pt;">&bull; Make deposits or withdrawals from your account<BR></font><font face="Arial, Helvetica" style="font-size:9pt;">We also collect your personal information from other companies.</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr height="8"><td colspan="8" height="8"></td></tr>
<tr>
<td colspan="3" width="261" align="left" valign="top" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Why can't I limit all sharing?</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="1634" align="left" valign="top" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Federal law gives you the right to limit only:<BR></font><font face="Arial, Helvetica" style="font-size:9pt;">&bull; sharing for affiliates' everyday business purposes&#151;information about your creditworthiness<BR></font><font face="Arial, Helvetica" style="font-size:9pt;">&bull; affiliates from using your information to market to you<BR></font><font face="Arial, Helvetica" style="font-size:9pt;">&bull; sharing for non-affiliates to market to you<BR></font><font face="Arial, Helvetica" style="font-size:9pt;">State law and individual companies may give you additional rights to limit sharing.</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr height="8"><td colspan="8" height="8"></td></tr>
<tr>
<td colspan="3" width="261" align="center" valign="bottom" style="padding:18pt .7pt 3pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Definitions</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="1634" align="center" valign="bottom" style="padding:18pt .7pt 3pt 0pt; border:none; border-bottom:solid windowtext 1pt;">
<font face="Arial, Helvetica" style="font-size:9pt;"> </font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="261" align="left" valign="top" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Affiliates</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="1634" align="left" valign="top" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Companies related by common ownership or control. They can be financial and nonfinancial companies.<BR></font><font face="Arial, Helvetica" style="font-size:9pt;"><i>&bull; Cohen &amp; Steers does not share with affiliates.</i></font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr height="8"><td colspan="8" height="8"></td></tr>
<tr>
<td colspan="3" width="261" align="left" valign="top" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Non-affiliates</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="1634" align="left" valign="top" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Companies not related by common ownership or control. They can be financial and nonfinancial companies.<BR></font><font face="Arial, Helvetica" style="font-size:9pt;"><i>&bull; Cohen &amp; Steers does not share with non-affiliates.</i></font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr height="8"><td colspan="8" height="8"></td></tr>
<tr>
<td colspan="3" width="261" align="left" valign="top" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">Joint marketing</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="1634" align="left" valign="top" style="padding:3pt .7pt 0pt 0pt;">
<font face="Arial, Helvetica" style="font-size:9pt;">A formal agreement between non-affiliated financial companies that together market financial products or services to you.<BR></font><font face="Arial, Helvetica" style="font-size:9pt;"><i>&bull; Cohen &amp; Steers does not jointly market.</i></font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr height="8"><td colspan="8" height="8"></td></tr>
</table>

<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times"><br>39</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=39,FOLIO='39',FILE='12-15599-2.ga',USER='105707',CD='Aug 23 15:34 2012' -->
<br clear="all" style="page-break-before:always;">
<p align="center"><font face="Arial, Helvetica" style="font-size:18pt;"><b>COHEN &amp; STEERS QUALITY INCOME REALTY FUND, INC.</b></font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:11pt;"><b><i>Cohen &amp; Steers Investment Solutions</i></b></font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:9pt;"><b>COHEN &amp; STEERS GLOBAL REALTY SHARES</b></font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:9pt;">&nbsp;&nbsp;&bull;&nbsp;&nbsp;Designed for investors seeking total return, investing primarily in global real estate equity securities</font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:9pt;">&nbsp;&nbsp;&bull;&nbsp;&nbsp;Symbols: CSFAX, CSFBX*, CSFCX, CSSPX</font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:9pt;"><b>COHEN &amp; STEERS INSTITUTIONAL REALTY SHARES</b></font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:9pt;">&nbsp;&nbsp;&bull;&nbsp;&nbsp;Designed for institutional investors seeking total return, investing primarily in REITs</font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:9pt;">&nbsp;&nbsp;&bull;&nbsp;&nbsp;Symbol: CSRIX</font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:9pt;"><b>COHEN &amp; STEERS REALTY INCOME FUND</b></font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:9pt;">&nbsp;&nbsp;&bull;&nbsp;&nbsp;Designed for investors seeking total return, investing primarily in real estate securities with an emphasis on both income and capital appreciation</font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:9pt;">&nbsp;&nbsp;&bull;&nbsp;&nbsp;Symbols: CSEIX, CSBIX*, CSCIX, CSDIX</font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:9pt;"><b>COHEN &amp; STEERS INTERNATIONAL REALTY FUND</b></font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:9pt;">&nbsp;&nbsp;&bull;&nbsp;&nbsp;Designed for investors seeking total return, investing primarily in international real estate securities</font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:9pt;">&nbsp;&nbsp;&bull;&nbsp;&nbsp;Symbols: IRFAX, IRFCX, IRFIX</font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:9pt;"><b>COHEN &amp; STEERS <BR>EMERGING MARKETS REAL ESTATE FUND</b></font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:9pt;">&nbsp;&nbsp;&bull;&nbsp;&nbsp;Designed for investors seeking total return, investing primarily in emerging market real estate securities</font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:9pt;">&nbsp;&nbsp;&bull;&nbsp;&nbsp;Symbols: APFAX, APFCX, APFIX</font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:9pt;"><b>COHEN &amp; STEERS REALTY SHARES</b></font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:9pt;">&nbsp;&nbsp;&bull;&nbsp;&nbsp;Designed for investors seeking total return, investing primarily in REITs</font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:9pt;">&nbsp;&nbsp;&bull;&nbsp;&nbsp;Symbol: CSRSX</font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:9pt;"><b>COHEN &amp; STEERS <BR>INSTITUTIONAL GLOBAL REALTY SHARES</b></font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:9pt;">&nbsp;&nbsp;&bull;&nbsp;&nbsp;Designed for institutional investors seeking total return, investing primarily in global real estate securities</font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:9pt;">&nbsp;&nbsp;&bull;&nbsp;&nbsp;Symbol: GRSIX</font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:9pt;"><b>COHEN &amp; STEERS GLOBAL INFRASTRUCTURE FUND</b></font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:9pt;">&nbsp;&nbsp;&bull;&nbsp;&nbsp;Designed for investors seeking total return, investing primarily in global infrastructure securities</font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:9pt;">&nbsp;&nbsp;&bull;&nbsp;&nbsp;Symbols: CSUAX, CSUBX*, CSUCX, CSUIX</font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:9pt;"><b>COHEN &amp; STEERS DIVIDEND VALUE FUND</b></font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:9pt;">&nbsp;&nbsp;&bull;&nbsp;&nbsp;Designed for investors seeking high current income and long-term growth of income and capital appreciation, investing primarily in dividend paying common stocks and preferred stocks</font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:9pt;">&nbsp;&nbsp;&bull;&nbsp;&nbsp;Symbols: DVFAX, DVFCX, DVFIX</font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:9pt;"><b>COHEN &amp; STEERS<BR>PREFERRED SECURITIES AND INCOME FUND</b></font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:9pt;">&nbsp;&nbsp;&bull;&nbsp;&nbsp;Designed for investors seeking total return (high current income and capital appreciation), investing primarily in preferred and debt securities</font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:9pt;">&nbsp;&nbsp;&bull;&nbsp;&nbsp;Symbols: CPXAX, CPXCX, CPXIX</font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:9pt;"><b>COHEN &amp; STEERS REAL ASSETS FUND</b></font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:9pt;">&nbsp;&nbsp;&bull;&nbsp;&nbsp;Designed for investors seeking total return and the maximization of real returns during inflationary environments by investing primarily in real assets</font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:9pt;">&nbsp;&nbsp;&bull;&nbsp;&nbsp;Symbols: RAPAX, RAPCX, RAPIX, RAPRX, RAPZX</font></p>
<p><font face="Arial, Helvetica" style="font-size:8pt;">Distributed by Cohen &amp; Steers Securities, LLC.</font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:9pt;"><b>COHEN &amp; STEERS GLOBAL REALTY MAJORS ETF</b></font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:9pt;">&nbsp;&nbsp;&bull;&nbsp;&nbsp;Designed for investors who seek a relatively low-cost "passive" approach for investing in a portfolio of real estate equity securities of companies in a specified index</font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:9pt;">&nbsp;&nbsp;&bull;&nbsp;&nbsp;Symbol: GRI</font></p>
<p><font face="Arial, Helvetica" style="font-size:8pt;">Distributed by ALPS Distributors, Inc.</font></p>
<p align="center"><font face="Arial, Helvetica" style="font-size:9pt;"><b>ISHARES COHEN &amp; STEERS<BR>REALTY MAJORS INDEX FUND</b></font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:9pt;">&nbsp;&nbsp;&bull;&nbsp;&nbsp;Designed for investors who seek a relatively low-cost "passive" approach for investing in a portfolio of real estate equity securities of companies in a specified index</font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:9pt;">&nbsp;&nbsp;&bull;&nbsp;&nbsp;Symbol: ICF</font></p>
<p><font face="Arial, Helvetica" style="font-size:8pt;">Distributed by SEI Investments Distribution Co.</font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:8pt;"><i>*&nbsp;&nbsp;Class B shares are no longer offered except through dividend reinvestment and permitted exchanges by existing Class B shareholders.</i></font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:8pt;"><i>Please consider the investment objectives, risks, charges and expenses of the fund carefully before investing. A summary prospectus and prospectus containing this and other information can be obtained by calling 800-330-7348 or by visiting cohenandsteers.com. Please read the prospectus carefully before investing.</i></font></p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times"><br>40</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=40,FOLIO='40',FILE='12-15599-2.ga',USER='105707',CD='Aug 23 15:34 2012' -->
<br clear="all" style="page-break-before:always;">
<p align="center"><font face="Arial, Helvetica" style="font-size:18pt;"><b>COHEN &amp; STEERS QUALITY INCOME REALTY FUND, INC.</b></font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:10pt;">OFFICERS AND DIRECTORS</font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:10pt;">Robert H. Steers<BR>Director and co-chairman</font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:10pt;">Martin Cohen<BR>Director and co-chairman</font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:10pt;">Michael G. Clark<BR>Director</font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:10pt;">Bonnie Cohen<BR>Director</font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:10pt;">George Grossman<BR>Director</font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:10pt;">Richard E. Kroon<BR>Director</font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:10pt;">Richard J. Norman<BR>Director</font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:10pt;">Frank K. Ross<BR>Director</font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:10pt;">C. Edward Ward, Jr.<BR>Director</font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:10pt;">Adam M. Derechin<BR>President and chief executive officer</font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:10pt;">Joseph M. Harvey<BR>Vice president</font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:10pt;">William F. Scapell<BR>Vice president</font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:10pt;">Thomas N. Bohjalian<BR>Vice president</font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:10pt;">Yigal D. Jhirad<BR>Vice president</font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:10pt;">Francis C. Poli<BR>Secretary</font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:10pt;">James Giallanza<BR>Treasurer and chief financial officer</font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:10pt;">Lisa D. Phelan<BR>Chief compliance officer</font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:10pt;">KEY INFORMATION</font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:10pt;">Investment Manager</font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:10pt;">Cohen &amp; Steers Capital Management, Inc.<BR>280 Park Avenue<BR>New York, NY 10017<BR>(212) 832-3232</font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:10pt;">Fund Co-administrator and Custodian</font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:10pt;">State Street Bank and Trust Company<BR>One Lincoln Street<BR>Boston, MA 02111</font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:10pt;">Transfer Agent</font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:10pt;">Computershare<BR>480 Washington Boulevard<BR>Jersey City, NJ 07310<BR>(866) 227-0757</font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:10pt;">Legal Counsel</font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:10pt;">Ropes &amp; Gray, LLP<BR>1211 Avenue of the Americas<BR>New York, NY 10036</font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:10pt;">New York Stock Exchange Symbol: RQI</font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:10pt;">Web site: cohenandsteers.com</font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:10pt;">This report is for shareholder information. This is not a prospectus intended for use in the purchase or sale of Fund shares. Past performance is no guarantee of future results and your investment may be worth more or less at the time you sell.</font></p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times"><br>41</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=41,FOLIO='41',FILE='12-15599-2.ga',USER='105707',CD='Aug 23 15:34 2012' -->
<br clear="all" style="page-break-before:always;">


<br clear="all" style="page-break-before:always;">
<!-- Document name: 12-15599-2.za-->
<p><img src="j12155992_za013.jpg"></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:15pt;"><b><i>eDelivery</i></b></font><font face="Arial, Helvetica" style="font-size:15pt;"><b> NOW AVAILABLE</b></font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:12pt;">Stop traditional mail delivery; receive your shareholder reports and prospectus online.</font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:12pt;"><b>Sign up at cohenandsteers.com</b></font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:13pt;">COHEN &amp; STEERS</font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:13pt;">QUALITY INCOME REALTY FUND</font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:13pt;">280 PARK AVENUE </font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:13pt;">NEW YORK, NY 10017</font></p>
<p align="left"><font face="Arial, Helvetica" style="font-size:10pt;"><b>Semiannual Report </b></font><font face="Arial, Helvetica" style="font-size:10pt;">June 30, 2012</font></p>
<p align="left"><font face="Times New Roman PS Std, Times New Roman PS, Times New Roman, Times" style="font-size:34pt;">Cohen &amp; Steers Quality Income Realty Fund</font></p>
<p><font face="Arial, Helvetica" style="font-size:7pt;">RQISAR</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=42,FOLIO='',FILE='12-15599-2.za',USER='105707',CD='Aug 23 15:34 2012' -->
<br clear="all" style="page-break-before:always;">


<br clear="all" style="page-break-before:always;">
<div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 2. Code of Ethics.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Not applicable.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 3. Audit Committee Financial Expert.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Not applicable.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 4. Principal Accountant Fees and Services.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Not applicable.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 5. Audit Committee of Listed Registrants.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Not applicable.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 6. Schedule of Investments.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Included in Item 1 above.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Not applicable.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 8.&#160; Portfolio Managers of Closed-End Investment Companies.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Not applicable.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">None.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 10. Submission of Matters to a Vote of Security Holders.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Not applicable.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 11. Controls and Procedures.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)&nbsp;The registrant&#146;s principal executive officer and principal financial officer have concluded that the registrant&#146;s disclosure controls and procedures are reasonably designed to ensure that information required to be disclosed by the registrant in this Form&nbsp;N-CSR was recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission&#146;s rules&nbsp;and forms, based upon such officers&#146; evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\106457\12-15599-1\task5522641\15599-1-ga.htm',USER='106457',CD='Aug 24 21:28 2012' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)&nbsp;There were no changes in the registrant&#146;s internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that have materially affected, or are reasonably likely to materially affect, the registrant&#146;s internal control over financial reporting.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 12. Exhibits.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)(1)&nbsp;Not applicable.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)(2)&nbsp;Certifications of principal executive officer and principal financial officer as required by Rule&nbsp;30a-2(a)&nbsp;under the Investment Company Act of 1940.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)(3)&nbsp;Not applicable.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)&nbsp;Certifications of chief executive officer and chief financial officer as required by Rule&nbsp;30a- 2(b)&nbsp;under the Investment Company Act of 1940.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\106457\12-15599-1\task5522641\15599-1-ga.htm',USER='106457',CD='Aug 24 21:28 2012' -->


<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SIGNATURES</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">COHEN&nbsp;&amp; STEERS QUALITY INCOME REALTY FUND,&nbsp;INC.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>    </td>
<td width="38%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:38.52%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/   Adam M. Derechin</font></p>    </td>
<td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.48%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="6%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:6.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="36%" valign="top" style="padding:0in 0in 0in 0in;width:36.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Name: Adam M. Derechin</font></p>    </td>
<td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.48%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="6%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:6.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="36%" valign="top" style="padding:0in 0in 0in 0in;width:36.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Title:   President and Chief Executive Officer</font></p>    </td>
<td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.48%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="42%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:42.52%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.48%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="42%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:42.52%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date:   September 4, 2012</font></p>    </td>
<td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.48%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr height="0">
<td width="45" style="border:none;"></td>
<td width="30" style="border:none;"></td>
<td width="17" style="border:none;"></td>
<td width="271" style="border:none;"></td>
<td width="22" style="border:none;"></td>
<td width="363" style="border:none;"></td>   </tr> </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>    </td>
<td width="38%" colspan="3" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:38.52%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/   Adam M. Derechin</font></p>    </td>
<td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.48%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="6%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:6.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Name:</font></p>    </td>
<td width="30%" valign="top" style="padding:0in 0in 0in 0in;width:30.18%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Adam M. Derechin</font></p>    </td>
<td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.48%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="6%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:6.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Title:</font></p>    </td>
<td width="30%" valign="top" style="padding:0in 0in 0in 0in;width:30.18%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">President   and Chief Executive Officer</font></p>    </td>
<td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.48%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="6%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:6.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="30%" valign="top" style="padding:0in 0in 0in 0in;width:30.18%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(principal   executive officer)</font></p>    </td>
<td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.48%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr height="0">
<td width="45" style="border:none;"></td>
<td width="30" style="border:none;"></td>
<td width="17" style="border:none;"></td>
<td width="45" style="border:none;"></td>
<td width="226" style="border:none;"></td>
<td width="22" style="border:none;"></td>
<td width="363" style="border:none;"></td>   </tr> </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>    </td>
<td width="38%" colspan="3" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:38.52%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/   James Giallanza</font></p>    </td>
<td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.48%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="6%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:6.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Name:</font></p>    </td>
<td width="30%" valign="top" style="padding:0in 0in 0in 0in;width:30.18%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">James   Giallanza</font></p>    </td>
<td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.48%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="6%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:6.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Title:</font></p>    </td>
<td width="30%" valign="top" style="padding:0in 0in 0in 0in;width:30.18%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Treasurer   and Chief Financial Officer</font></p>    </td>
<td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.48%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="6%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:6.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="30%" valign="top" style="padding:0in 0in 0in 0in;width:30.18%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(principal   financial officer)</font></p>    </td>
<td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.48%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="42%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:42.52%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.48%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="42%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:42.52%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.48%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="42%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:42.52%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date:   September 4, 2012</font></p>    </td>
<td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.48%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr height="0">
<td width="45" style="border:none;"></td>
<td width="30" style="border:none;"></td>
<td width="17" style="border:none;"></td>
<td width="45" style="border:none;"></td>
<td width="226" style="border:none;"></td>
<td width="22" style="border:none;"></td>
<td width="363" style="border:none;"></td>   </tr> </table>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\105226\12-15599-1\task5536298\15599-1-jc.htm',USER='105226',CD='Sep  4 21:31 2012' -->

</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.CERT
<SEQUENCE>2
<FILENAME>a12-15599_1ex99dcert.htm
<DESCRIPTION>EX-99.CERT
<TEXT>


<html>
<head>

  </head>
<body lang="EN-US">
<div style="font-family:Times New Roman;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">EX-99.CERT</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">EXHIBIT&nbsp;12 (a)(2)</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">RULE 30a-2(a)&nbsp;CERTIFICATIONS</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I, Adam M. Derechin, certify that:</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">I have reviewed this report on Form&nbsp;N-CSR of Cohen&nbsp;&amp; Steers Quality Income Realty Fund,&nbsp;Inc.;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The registrant&#146;s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule&nbsp;30a-3(c)&nbsp;under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule&nbsp;30a-3(d)&nbsp;under the Investment Company Act of 1940) for the registrant and have:</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:8.5pt;">&#160;&#160; </font><font size="2" style="font-size:10.0pt;">designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</font></p>
<p style="margin:0in 0in .0001pt 1.25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:8.5pt;">&#160;&#160; </font><font size="2" style="font-size:10.0pt;">designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;</font></p>
<p style="margin:0in 0in .0001pt 1.25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:8.5pt;">&#160;&#160; </font><font size="2" style="font-size:10.0pt;">evaluated the effectiveness of the registrant&#146;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and</font></p>
<p style="margin:0in 0in .0001pt 1.25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\105226\12-15599-1\task5536298\15599-1-mm.htm',USER='105226',CD='Sep  4 21:32 2012' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)</font><font size="1" style="font-size:8.5pt;">&#160;&#160; </font><font size="2" style="font-size:10.0pt;">disclosed in this report any change in the registrant&#146;s internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant&#146;s internal control over financial reporting.</font></p>
<p style="margin:0in 0in .0001pt 1.25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The registrant&#146;s other certifying officer and I have disclosed to the registrant&#146;s auditors and the audit committee of the registrant&#146;s board of directors (or persons performing the equivalent functions):</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:8.5pt;">&#160;&#160; </font><font size="2" style="font-size:10.0pt;">all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant&#146;s ability to record, process, summarize, and report financial information; and</font></p>
<p style="margin:0in 0in .0001pt 1.25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:8.5pt;">&#160;&#160; </font><font size="2" style="font-size:10.0pt;">any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant&#146;s internal control over financial reporting.</font></p>
<p style="margin:0in 0in .0001pt 1.25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date: September 4, 2012</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.84%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="49%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:49.16%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/   Adam M. Derechin</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.84%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="49%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:49.16%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Adam   M. Derechin</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.84%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.16%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Principal   Executive Officer</font></p>    </td>   </tr>  </table>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\105226\12-15599-1\task5536298\15599-1-mm.htm',USER='105226',CD='Sep  4 21:32 2012' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">EXHIBIT&nbsp;12 (a)(2)</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">RULE 30a-2(a)&nbsp;CERTIFICATIONS</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I, James Giallanza, certify that:</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">I have reviewed this report on Form&nbsp;N-CSR of Cohen&nbsp;&amp; Steers Quality Income Realty Fund,&nbsp;Inc.;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The registrant&#146;s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule&nbsp;30a-3(c)&nbsp;under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule&nbsp;30a-3(d)&nbsp;under the Investment Company Act of 1940) for the registrant and have:</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:8.5pt;">&#160;&#160; </font><font size="2" style="font-size:10.0pt;">designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</font></p>
<p style="margin:0in 0in .0001pt 1.25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:8.5pt;">&#160;&#160; </font><font size="2" style="font-size:10.0pt;">designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;</font></p>
<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:8.5pt;">&#160;&#160; </font><font size="2" style="font-size:10.0pt;">evaluated the effectiveness of the registrant&#146;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and</font></p>
<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)</font><font size="1" style="font-size:8.5pt;">&#160;&#160; </font><font size="2" style="font-size:10.0pt;">disclosed in this report any change in the registrant&#146;s internal control over financial reporting that occurred during the second fiscal quarter of the period</font></p>
<p style="margin:0in 0in .0001pt 1.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\105226\12-15599-1\task5536298\15599-1-mm.htm',USER='105226',CD='Sep  4 21:32 2012' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .75in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant&#146;s internal control over financial reporting.</font></p>
<p style="margin:0in 0in .0001pt 1.25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The registrant&#146;s other certifying officer and I have disclosed to the registrant&#146;s auditors and the audit committee of the registrant&#146;s board of directors (or persons performing the equivalent functions):</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:8.5pt;">&#160;&#160; </font><font size="2" style="font-size:10.0pt;">all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant&#146;s ability to record, process, summarize, and report financial information; and</font></p>
<p style="margin:0in 0in .0001pt 1.25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:8.5pt;">&#160;&#160; </font><font size="2" style="font-size:10.0pt;">any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant&#146;s internal control over financial reporting.</font></p>
<p style="margin:0in 0in .0001pt 1.25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date: September 4, 2012</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.58%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="49%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:49.42%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/   James Giallanza</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.58%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="49%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:49.42%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">James   Giallanza</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.58%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.42%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Principal   Financial Officer</font></p>    </td>   </tr>  </table>
<p align="center" style="margin:0in 0in .0001pt 4.0in;text-align:center;text-indent:-4.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\105226\12-15599-1\task5536298\15599-1-mm.htm',USER='105226',CD='Sep  4 21:32 2012' -->

</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.906CERT
<SEQUENCE>3
<FILENAME>a12-15599_1ex99d906cert.htm
<DESCRIPTION>EX-99.906CERT
<TEXT>


<html>
<head>

  </head>
<body lang="EN-US">
<div style="font-family:Times New Roman;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">EX-99.906CERT</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">EXHIBIT&nbsp;12 (b)</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">RULE 30a-2(b)&nbsp;CERTIFICATIONS</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In connection with the Report of Cohen &amp; Steers Quality Income Realty Fund,&nbsp;Inc. (the &#147;Company&#148;) on Form N-CSR as filed with the Securities and Exchange Commission on the date hereof (the &#147;Report&#148;),&nbsp;I, Adam M. Derechin, Principal Executive Officer of the Company, certify, pursuant to 18 U.S.C. &#167;1350, as adopted pursuant to Section&nbsp;906 of the Sarbanes-Oxley Act of 2002, that:</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(1)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The Report fully complies with the requirements of Section&nbsp;13(a)&nbsp;or 15(d)&nbsp;of the Securities Exchange Act of 1934, as applicable; and</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(2)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.42%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="49%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:49.58%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/   Adam M. Derechin</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.42%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="49%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:49.58%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Adam   M. Derechin</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.42%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.58%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Principal   Executive Officer</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.42%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.58%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date:   September 4, 2012</font></p>    </td>   </tr>  </table>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\105226\12-15599-1\task5536298\15599-1-mo.htm',USER='105226',CD='Sep  4 21:34 2012' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">EXHIBIT&nbsp;12 (b)</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">RULE 30a-2(b)&nbsp;CERTIFICATIONS</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In connection with the Report of Cohen&nbsp;&amp; Steers Quality Income Realty Fund,&nbsp;Inc. (the &#147;Company&#148;) on Form&nbsp;N-CSR as filed with the Securities and Exchange Commission on the date hereof (the &#147;Report&#148;),&nbsp;I, James Giallanza, Principal Financial Officer of the Company, certify, pursuant to 18 U.S.C. &#167;1350, as adopted pursuant to Section&nbsp;906 of the Sarbanes-Oxley Act of 2002, that:</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(1)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The Report fully complies with the requirements of Section&nbsp;13(a)&nbsp;or 15(d)&nbsp;of the Securities Exchange Act of 1934, as applicable; and</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(2)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.16%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="49%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:49.84%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/   James Giallanza</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.16%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="49%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:49.84%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">James   Giallanza</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.16%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.84%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Principal   Financial Officer</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.16%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.84%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date:   September 4, 2012</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;text-indent:4.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\105226\12-15599-1\task5536298\15599-1-mo.htm',USER='105226',CD='Sep  4 21:34 2012' -->

</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>j12155992_za013.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 j12155992_za013.jpg
M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````9```_^X`#D%D
M;V)E`&3``````?_;`(0``0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0("`@("`@("`@("`P,#`P,#`P,#`P$!`0$!`0$"`0$"
M`@(!`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#`P,#_\``$0@`$P"7`P$1``(1`0,1`?_$`:(````&`@,!````````
M``````<(!@4$"0,*`@$`"P$```8#`0$!````````````!@4$`P<""`$)``H+
M$``"`0,$`0,#`@,#`P(&"74!`@,$$042!B$'$R(`"#$403(C%0E10A9A)#,7
M4G&!&&*1)4.AL?`F-'(*&<'1-2?A4S:"\9*B1%1S148W1V,H5597&K+"TN+R
M9(-TDX1EH[/#T^,I.&;S=2HY.DA)2EA96F=H:6IV=WAY>H6&AXB)BI25EI>8
MF9JDI::GJ*FJM+6VM[BYNL3%QL?(R<K4U=;7V-G:Y.7FY^CIZO3U]O?X^?H1
M``(!`P($!`,%!`0$!@8%;0$"`Q$$(1(%,08`(A-!40<R811Q"$*!(Y$54J%B
M%C,)L23!T4-R\!?A@C0EDE,88T3QHK(F-1E4-D5D)PIS@Y-&=,+2XO)59756
M-X2%H[/#T^/S*1J4I+3$U.3TE:6UQ=7E]2A'5V8X=H:6IK;&UN;V9W>'EZ>W
MQ]?G]TA8:'B(F*BXR-CH^#E)66EYB9FIN<G9Z?DJ.DI::GJ*FJJZRMKJ^O_:
M``P#`0`"$0,1`#\`O*Z)^1/:'\W[Y]?,+KO;_:F^^HOY=O\`+T[$I>C<IMOI
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M7XO]U]`]1[3^9W47QWW[\M.E:(=H[R7XZ_,OH;K';^[=S;[?J;?4G7<V[-A=
MP;7Q^TZE*[:F8QU:(/!)4I7S4.JIB]U[H_OP1^2W=_S#^#'57RHSG7O5O7F_
M>]^M<?VCUML'&[UW7N?:6*PFZMOT65V;0;WW54;/P>8BR4M1,PR)H,=41TT3
M+XC.P-_=>ZI8HOY[7S)G^&#_`#.K?B%\;:';*_.6G^#PV4OR*[*J\])N.3?,
M/6M3OZ/()T3'C_X#3[OD95I&"U,E#&9]2N5@;W7NK=]Y=O\`\RG:?9NRMA47
MQR^+N[,!V+M'L"3!]D8CN?N"GVWL_LW9V.IMPX+:':-'+T?45^W-J[_P45='
MC\[1')-#D:0P342ZX#4>Z]T&'\IK^;'L;^9WU1NN2LV--T%\I>IFQ47=7QMW
M-F9,QE-JX[=V-CSW6_8FVLQ)B\)/O#JWL?;593UN.RD-+&MW:/UQFFJ:KW7N
MA=^)OR2^67<'R/\`EOTWW=TUT?U[LKXN[PV;L&EWQUYVEOC>F7[+S^_.KMA]
MQ8;)8S;>XNMMGT^W]OXW9^_J:GKVFK)YER\<L$*S0Q_<O[KW5B_OW7NB9?S%
M>[NSOC7\#OE[W[TO@&W+VOU#\>NT]_;`QW\.CS$-/N;;NTLE7XW/5^'E9$S&
M)VK+%_%*RDOJJJ2CDB7U./?NO=4I?#OI+XW?S)_Y=W1WR`^)7RKWYE_GKM?:
M?579F[N_*SY-]Q-V?AOD_ADQ&X.R.M_D1@<=NG(3X+K3?>YL?E<'4X$[??`4
MVW*T3X''R4:T8D]U[H:.V/YG?\PGX\?%_P")WR$[N^)WQOP65^5/R+Z)^/6%
MZ[@[?[9Q.Z]H2]_Y/(T6S]Y[WQ&4ZFJDVS404%`M9D-OK5U]9CON%IGJ7GCE
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MHFGC*%IXXU-Q[KW3)4_S,_FJORC_`)??QFJOBGTKLC.?/OXNY7O_`!)[`[=[
M&QNYNE=V["ZDV[V'VQU'V1M6AZDJ)'RVU\YG?X52UE-4?Y2T;-/3TSHT9]U[
MI7[$_G)8#;6._F6[7^7W3$G1G=?\K':>V]^]X[8Z[WY_I@V#VAL/?NP:O??6
M&Z>E][93:/6>6J*SL*EI8H$Q&:Q&.FQ=3DJ.*>HD8U+4WNO=+O<7R]^>^P-G
M=,=V;@^/?QOWUT]W%UIV1O'-T'7W<&]J/*]%;@QWQTW_`-[=24V]NS,GLK+[
M*WEUGO7/;*I]HY?=E+CL-386OS=)7)2U=&''OW7NJHO^$_<M?\,OG?\`S<_Y
M9/=JMM/M.M^2N8^7O1:9E/LO]-/2?8%7DL5-O?9LDD*4^6I<9@Z+;D]5'!-,
MT%17U,&D28^M$7NO=;-GR([^ZR^+?2G8W?\`W#FI,'UYUAMNKW'GIZ2F;(9C
M(M&4IL5MO;&'C=*G<&\-UYFHI\9A\;!>HR.3JX*:(&251[]U[J@G_A*_N:3#
M?R\^P/C#OZCDVW\F/B?\K.^NO?DKLG-N(][XS?&Y-Y5V\*'<6YJ.:&&OFI\[
M39":AI:]S-%6R8:H6*9O`Z1^Z]T6#_A0SM"O[F^?'PBVMU5)???QR^!'\V7Y
M"]^Y+&1PFKV?T-N?XY1;#V14[DJ$CGGBP^^][X?,[=HT=`&J,A)H*@R2)[KW
M1Y_Y1'Q6[TW5_*]^!&Y,%_,J^:_6N&SGQ8Z=R>,Z_P!D[$_ES5^T=G457L_'
M2T^WMN5O8WP"W_ORJP^,C810/E\WE<@R*#-4RO=S[KW6OO\`P;(_]`_W]WO[
MV;@_BW_#[W\&_OU]MM;^]/\`$?\`9L/L?[V?:?W:_N3_`'@^Y_RSQ_P?^%?<
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M=)"D%6L0GC55DTCW7NJ=OD%W=N'K?Y8=@?S)<]%DC\`=I_-7=L=#\W\'U^=Q
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MO;QW%_-"_EJYW=F`\$U-_`]RY?(9G(9W#_;5+/44_P##<I42PZ)"7319B2#[
M]U[HW?\`/X_[<V_S"?\`Q`&7_P#=[@??NO=-OQVZ9WETWMGX;_+'M;YP]K;I
MZ-Z\^)N)VEF^INV\)T=B-GX7<O;VW>EL7L3+[)J>E>CNL=U9[/09+&?P*CHL
M_5[AJZELG#'0&.JEJ!6>Z]U4W\!?B;W=\K^C?^%!W7'3/S&[@^-6<["_G)_S
M3^M,3A]I[=Z(RO7&2S>X\+U_C1D]ZY#>/1V]NYL=1YN'-QT&0FVQN?"UE+14
MT<V.--6B2>;W7NC`_.'>NX.XOYVO\HC,_%/LWJVFW71]2_S2]D87?&_=@[I[
M2ZVH]Y]8XBAZ_P"P,#E=L;6[&Z?S6:;`[RVODL/4346=A2EKJ67_`#_B:)O=
M>Z0G\LC>7Q7[1ZQ_FGXS^95C,+A/GAVGWS@?CA_-6VYO.IKQM[+8#=^:HOCI
M\58NJZ;;^'Q-=M+XQ5>TMYX_%[;S1=ZS&2>;*Y3,&)(,D/=>Z"/MCX5?);^5
MEN;X^?#';/RD[*^4G\H?^9-VEDOY:FZOC=V])CJOO#XO47R;ZY[#Q>/S?2';
MM-CIYFVSM?:N-SE5X7HZ3&T$%&(GQU3/.E?3>Z]T?G^<7_HO_P!F5^#/^EK_
M`&3/^Z_]Y,WX_P")?[.!_P`.H_Q/Q5WV?^R!?[)+_P`9@\?ZOXOY?]Q'FT?=
M?V/?NO=%3_F`_P"RZ_WE^$W\>_TP?WL_V:_I3_1]_P`.Y?\`#IO^RK_Q'^.-
MX/[O?Z-_^,*_[,?Y?'_=_P#TG_[BO']SYOV_-[]U[H=.W?\`1%_P\+W!_?#_
M`$>?W[_T-[%_NQ_PV_\`[/!_PX1_"_X'0???[/Q_H*_YQQ_T:7U_W4_O?_N8
M^V_A7VG'B]^Z]T%G9G^RV?Z&/YN7\:_T7_Z,_P#1?M[^,_WM_P"'8O\`9\/[
MU_Z%]T_>_P##J'^C_P#YRW_V3_[CR?PK^`_[\O\`N3]Q]K^SX/?NO='N_E5?
M[+K_`,-/]>_W%_TG_P"BC_1Q%_>;_0%_PZ;_`'>\G\.I/XA_LF'^S&_\YH_Z
M*/#X_P"`?W1_:U>;[/\`=\WOW7NM6/*_\-\?\-B[R_YD!_#O^'#Z[_BZ_P#0
M3W_L@GWOV]'_`,?E_P`Q3_L[_@_S_P#R[_N?'_N[W[KW5RWS:_V0[_3'\,/N
M_P#9QON?X_W/]O\`[-E_T$C_`.D/^$_[+OV5]W_LIW\%_P!Q7^G#[+R_Q[[K
M_<U_=/[S[;_*OM_?NO=67?R,?]"?_#>W3/\`H.^X_N[_`'?I/XA_=3_AP3_9
M=?XCYZ__`+)=_P"'$O\`C*?^B#Q_YG^%_P"XK[OR_P!OW[KW0L?RXO[N_P!X
M?YC'\#_V5#^(?\./]M_WM_V4K_2G_`_[Q?Z$OCKX?].'^D/_`'['^S/_`-V/
MX;_?G^Y'^_5_B=O+_OX/X[[]U[JBFD_T!?Z4OF+_``K_`&2C_2]_LX_RH_B?
M^ES_`(<N_P"&A/)_<WL#^,?Z0O[Y?\X.?[/O_"_!_I'_`(1^U?\`BW\,_P!R
M'W?OW7NC_P"W/]%O_0/-6?W?_P!EG_T5?[*AEM/^S+_[.-_LF?\`!?XA+_%O
ML/\`2;_SF=_LN'G\_P#</7_N?_@G\*_AW[/VGOW7NB>=-_[+G_LJ7P@_N/\`
MWK\_^D3XW_W%_P"'!O\`AU+_`(;.\W]\ML?Q3_0-_LPW^XW^.?:W_P!!'^D;
M_)_XM_#/X?\`Y1;W[KW0Y_\`"A[_`&63^"_$;_3M_!_XM_LR_4?\'_TU?\.[
M_P"A+^':NP;?Z'?^&XO]^3_LZ_W/E_NG_'/]RO\`#_N+_L?;>_=>Z&C^=!_L
MMG_#5&X_](O]\/\`1Y_=?;']S_\`9HO^'8O]$/C_`+W[,T?[.I_LK/\`SE%_
M!_%H^R_OU^[_`'@^UU_N>7W[KW1&.T_]D2_V5'X!^'_9E_\`F;'PH_@/^FO_
M`*"//]E1\G]Y=C:O]EQ^_P#^:D?3_0C_`'D_:_B?\.M^??NO=!__`"X/]D%\
M'\Q[['_9A_M?]FO[;_B_^R)_]!+G\<\>O*:?]G)_O#_N7_V;^WD_OC_`_P!W
M7HOSX??NO=`1\0/]D?\`]F[_`)2/\-_T7_WE_P!"_=G]U?\`0)_T$._WS\?]
MX^S?X-_LE?\`>S_C$W^B>UO],G]\OW?XI_'/XIS?W[KW0[_S@/\`0%_L]WR@
M_P!*W_#;']YO]D(R'\#_`(Y_PY=_IU_@/WVQ?XY_PX?_`+)?_P`8D_V5C[3S
M_P`*_O%_OY?-_!/X3_E/VGOW7NC'U7^RZ_W/^/7\)_TK_P`,_P!EG^3GG_V>
M/_ATW_2#_HQ_V4SL?^.?\-N?WV_W]W^F?3?[K[;_`(R]_HQ^^_A/.GW[KW7_
!V3\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>j12155992_ba001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 j12155992_ba001.jpg
M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````9```_^X`#D%D
M;V)E`&3``````?_;`(0``0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0("`@("`@("`@("`P,#`P,#`P,#`P$!`0$!`0$"`0$"
M`@(!`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#`P,#_\``$0@`*P")`P$1``(1`0,1`?_$`:(````&`@,!````````
M``````<(!@4$"0,*`@$`"P$```8#`0$!````````````!@4$`P<""`$)``H+
M$``"`0,$`0,#`@,#`P(&"74!`@,$$042!B$'$R(`"#$403(C%0E10A9A)#,7
M4G&!&&*1)4.AL?`F-'(*&<'1-2?A4S:"\9*B1%1S148W1V,H5597&K+"TN+R
M9(-TDX1EH[/#T^,I.&;S=2HY.DA)2EA96F=H:6IV=WAY>H6&AXB)BI25EI>8
MF9JDI::GJ*FJM+6VM[BYNL3%QL?(R<K4U=;7V-G:Y.7FY^CIZO3U]O?X^?H1
M``(!`P($!`,%!`0$!@8%;0$"`Q$$(1(%,08`(A-!40<R811Q"$*!(Y$54J%B
M%C,)L23!T4-R\!?A@C0EDE,88T3QHK(F-1E4-D5D)PIS@Y-&=,+2XO)59756
M-X2%H[/#T^/S*1J4I+3$U.3TE:6UQ=7E]2A'5V8X=H:6IK;&UN;V9W>'EZ>W
MQ]?G]TA8:'B(F*BXR-CH^#E)66EYB9FIN<G9Z?DJ.DI::GJ*FJJZRMKJ^O_:
M``P#`0`"$0,1`#\`W5</N+>O97?/96VJ7LZLZ]VST3N/9.,DZ_VSB=D5FX.S
M8=P[(VKOZ?<^\LGO+;VZ<EC^N<E+N&?`4,6"AP]<:_#9&3^)NVB&FKDL<X'5
ML!0:9/1H_=NJ])U=W[3;-C;*[HVZVY&CDE&WUS6-.;,43.DL@Q(J?OS'&\3!
MCX[`J0?H?>JCKU#Q\NE%[WU[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KW
MOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z"S?'2G5O8N8H=S;J
MV?05&\<5CI,/A]^X>HR6U.Q<)B99I:F3&8/L/:E;A-[82@:JG>4PTM?#'Y6+
MVU<^]%0<GCUL,1@<.D=2?%SIN.%J7-8W?._\<YF,F%[>[F[G[IV_**F..*>.
M;;W;?8&],)-#)'$`4>G*?7CU-?6A?]1)ZWJ/^H#J+DOB!\6,E@:K;B_'GIG#
MX^HII:>GFVWUKL[;64P\LFMH<EM[+X/#4.2V_FL?4MYZ6MHY8:FEJ566)UD4
M,/:$]!U[6WJ>N_B/N;=.[/CEU5E=[9.MSNZZ;!5>W,WN')*%R.Y:S9V;RNT#
MN>OM+/JK=RQ8-:Z5M5W>H+$"]AY*E17CUYP`QIPZ&+:F^MG;ZCSTNS=RX?<T
M.U]S9;9FX9L+70U\.(W7@?`,UM^LF@9XX\IBGJ46HBN6B<Z6LP(&P0>'6B".
M/2K][ZUU[W[KW02]9]N8OM;)[\&V,%FVV?LS<3[4Q?8M1)A3M3?^=Q4U=C]Y
M4^RQ2Y:ISE71;)SU`^-K*RIHZ6CJ*U9$HY:D0S-'H&O#AULBE*\>A:][ZUU[
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M3L_!T%,O-179O<U=2TL:FR`RZG*HK,*L=*D]65=3`=5Q?'+O+L2'IO`_#?$[
M-KNM.^,1C.O>J\#7U&XO[S[DPF,RW66VNP>UNZ=\*V*I,;MC<VR]O[J3('&"
MIR:IN+,8O&RS-)-(RMJQTZ.!_P!CCTXRC5K.5Z,[\-\KU5U'\/E[,-1C.O>I
MJ_</<7;$5?E9(J7'X;86=[+W;D-GU-15ZZFIR3ML=<8JSR2U-77RD,"[R*@L
ME`E?+JKU+TXGHWW778NS.V=F8/L+KW.1;BVAN**KDQ.6CI,ACVE;'Y"KQ&2I
M:K&Y>DH,KC,AC,K03TM52U4$-135$+Q2HKJRBX((J.'5""#0\>J[_FET]D-A
M[3WQV7LWLKY#U>X.T=Q[7Z[P&V*#Y)_(?#TFR>PNX-][>V+MK='6>W=L=E8;
M::TF#K]S35+[=R5)-BYVCIUIWI(*>2BKFW%,U.?F>G$-30@8^0Z'#H?X\?&=
M=@8`]*[T[BR6R<)3/MBBI\5\IODO%C</6X.84V5PM;M!.U:#%;0W#C<C&Z5^
M,_AN/FH:DR0O3PD&,655IBM/M/569J]U*_8.CHPQ+3PQ0(962&*.)&FFFJ9B
ML:A%,M1422U%1*0/4\C,[GEB22?=^J=9??NO=$_^.3XW?7:_RG[?K*6-MS4_
M;DW0.,J)!3//B-@=+X;%BCPU.45JBFCRN^=TYS+S:V#3K6P7&B&&U%R2?.M/
MV=7;``\J5_;T)7:/?'4'3.^NI-K;YRM)BM\=^;KI^M]AQ14D#9#,5E$D]7!'
M7UKM"\.$HLGF(J:/4[D5^6A2.,M,Y&RP!`/$]:"E@2.`Z*K_`#!/D_M#KG:,
M70]#V'3[-[![;IUHMS[DHFFJJ[J#I9G>3LKL[(0T-/6U=)E!M*EKJ3;M,L9K
M,EF)8UI(Y6B<"LC`#3YGJT:$G5Y#HVN5W;TI\7^K]D8[<6XL#UGUU@8-H=:;
M*AS$\E*KR?:T^%VOMO&TC1OD<ADWI*4$QI$\JQ12S2!4CD=;551G`ZK1F/J>
MA4R.X,#AZS#X[+9O$8O(;AK),?@*'(Y*BHJS.5\-.]5+0X>FJ9HI\G614L32
M-%"KNL:EB+`GW;JO3O[]U[KWOW7NO>_=>Z][]U[KWOW7NBG=T=';N[M[JZ/F
MW+58$?'SJ/(2]KY+;J5E<=R;T[JPLTE%U[39>@^P.-;8^SZ:KFRMON==3DUA
M62$QQ@FC*6(K\(_P]75@JFGQ'_!TC_D1LSK#XZ=8_+WY/[/VE3T/;.^>K\NV
M;S_W63KJO.[EI-KQ[4V5CZ&EJZNK@P\>3RZ8R&H@QT4"ULT,4DB23*K>_,`H
M+#C3KRDL0IX5Z8^Y.@]YX7XW?&[KKK?&;+W'C_CUN#J/+[GVIV)NNJV?LW=6
MU^I]AYG%XZ3<V;H\'N=I*#;&^HL+N:HA>F<5JX9H]8=U;WHJ=(`\J=;#`L2?
M/HF/QWZ4^;^__B=L7<T^Y]J[4.9[&POR;H^JH]U[SPF<[GJ-W]G0=N[BQ.]^
MR:/[INEMKYVCKGJ,9@]OXNH*Y!UFR543/50BBARE?G7[>KLR!_RI_J]>K>>Q
M.K=L=W];2;`[;P,51C<TNV\GG,7@-RYVE.+W#@,IB]R4,^W-XXN+:NY()<+N
M'&124M?#'CZIUB#&.(LT8>(#"AZ9!*FHZ)%\?/Y=TGQS["V!NG8G<2X3:^R:
M7<V+S&V=J]>R;:RW:N#S=;F<CB\9VWGI=^9O`[RGVW79AI*6O;!09*(1JD%1
M!$%16UCTFH/3C2:@01GJR_V[TUU[W[KW15,OL'N_K7?.^]T]#4/56Z]L]K9F
M#=>Z]B]E;BW3L*;;787\!P>UJS>NVMV;8VCV$N6P^9Q&WJ*3(8*?&4;-60RU
M4.01ZF6)J48&JTH>KU4BC5J.B<=U?`3N[Y`_(;K'L3L_N+&3;+I]KT5+ON;8
M'\6V%N?8&0VEN:?>VV<%T4%7-5.(ILQNR+$U63SN0R$^:DEPX>%J6)H*.&K1
MLS`DX_U<.KK(JJ0!G_5QZ779?\K?I7LO<>RS5[DWM@MC[4VUO8U^/Q>=R=?V
M'O+M7=U7MJ6F[9WGV=NBMW#E=V9K;\6V*:6EI<I3UM*E534]E%+&U))LQ`_9
MUH2L!\^A"WS\"\'W-FMC;K[Y[V[Q[)W;UG7S93K[*8?*[0ZJHMG926KHZHYG
M!X[K7:&WYQG9&QU/Y*NJJ:J0&$"+PH?'[\8P35B21UH2:<*!0]/=;\#.I=S'
M-OVAO+N3N>>JPM/A=E5_:6_$SF9Z>$&;AW*^9ZJW!C,+A,_@-U56?H:*HDRU
M555^1T8^GIEF6C5Z>3>@>=3UKQ#Y4'2OQW1O>VU*&DQ^TOE]V#FZ:C6)(O\`
M3-UQU1V'5LD;TY,53EMG;;ZES=>LD:2@R5%3-47D!\MD"GVEAP/[>O:E/$=9
MZ_9WS*+XHT/??Q_EI:'.8>JKZ7_9:=[XG)9O`TM=$<KBZO.S?)7<M!25.0QN
ML-/38F(^:QC$"FPW1_4?L_V>M53T/[?]CHTONW5>O>_=>Z][]U[KWOW7NB:?
M,)J3=!^.G2<JP5I[A^2/77\7PDH#C);*Z>;(=[;K-1$UDDQB_P"C>DIJ@']0
MJU6WJXH^:+ZGJZ8JWH/]CHWN3QF-S>-R&&S./H<OA\O0U>,RN*R=)3U^-R>-
MKZ>2EKL?D*&JCEI:VAK:65XY8I$:.2-BK`@D>[]4ZSTM+345-3T5%3P4E'20
M14M)24L4=/34M-3QK%!3T\$2I%#!#$@5$4!54```#W[KW6?W[KW7O?NO=>]^
MZ]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7
MO?NO=>]^Z]T4[NK[#_9BOB-]Q_H&^^_CG;O\/_TF_P!Y/]*W_'C4OW?^@+^&
M?[]W^.>&W\:_BG_+MM]M^[?W1OB'#_5Z=77X3Q_U>O1L?=^J=>]^Z]U[W[KW
M7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^
%Z]U__]D_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>j12155992_ba002.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 j12155992_ba002.jpg
M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````9```_^X`#D%D
M;V)E`&3``````?_;`(0``0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0("`@("`@("`@("`P,#`P,#`P,#`P$!`0$!`0$"`0$"
M`@(!`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#`P,#_\``$0@`'P"'`P$1``(1`0,1`?_$`:(````&`@,!````````
M``````<(!@4$"0,*`@$`"P$```8#`0$!````````````!@4$`P<""`$)``H+
M$``"`0,$`0,#`@,#`P(&"74!`@,$$042!B$'$R(`"#$403(C%0E10A9A)#,7
M4G&!&&*1)4.AL?`F-'(*&<'1-2?A4S:"\9*B1%1S148W1V,H5597&K+"TN+R
M9(-TDX1EH[/#T^,I.&;S=2HY.DA)2EA96F=H:6IV=WAY>H6&AXB)BI25EI>8
MF9JDI::GJ*FJM+6VM[BYNL3%QL?(R<K4U=;7V-G:Y.7FY^CIZO3U]O?X^?H1
M``(!`P($!`,%!`0$!@8%;0$"`Q$$(1(%,08`(A-!40<R811Q"$*!(Y$54J%B
M%C,)L23!T4-R\!?A@C0EDE,88T3QHK(F-1E4-D5D)PIS@Y-&=,+2XO)59756
M-X2%H[/#T^/S*1J4I+3$U.3TE:6UQ=7E]2A'5V8X=H:6IK;&UN;V9W>'EZ>W
MQ]?G]TA8:'B(F*BXR-CH^#E)66EYB9FIN<G9Z?DJ.DI::GJ*FJJZRMKJ^O_:
M``P#`0`"$0,1`#\`W[ZVMI,;1U>1R%3!14%!33UM;654J04U)24L3SU-3432
M%8X8((8V=V8@*H)/'OW7NBLT_P`HY=[JG^@GI3MOMVEJO$<?O2KP<74W5E33
MR$7RE/O3M*7;>3W#@PIO'5[?Q.=2HN&A$D>IUIJK\()ZOII\1`ZS8R#YM9^L
MCJ<QE/B[U7C#)*TF'Q^WNU>],KX&8&"(;BGW1\?:""K5.'?^&3QA_HK`<[[_
M`)#^?^;KW9\S_+_/UUNK!]];&VGNK>F1^3>P*,[>PM?G'JM_=08K&=8XJ#'T
M%54UD^XVQ&]L1NBEPL;HC&9,P)*:)6+?<$BWCJ`K7KPTDTITNOC7VGG>[NA^
MK.V=S;4;96<WYM.@S^0VZ7JG@I7J6E2*MQYKZ>EKQB,W3Q)740GC6=:2IC$E
MW#$^4ZE!/6F&EB!U+VG\@NG]\]L;_P"D=H[UH-P=D]7X[&Y/?>"QM/D*B#;T
M>4J)*6*CJLTE)_`WRU+.@6IHXZEZFF9PLB*P8+L,"2HXCKQ4@!CP/0R^]]5Z
M][]U[J'79"@QE.:O)5U'CZ42P0FIKJF&DIQ-4S)3TT1FJ'CC\M142*B+>[NP
M47)`]^Z]U,]^Z]U[W[KW29JMZ[-H=U8O8E;NW;-'O?.8VKS&%V;59[%4^ZLQ
MB*`NM?E<7MZ6K3+Y#&T3(PFGBA>*,@ZF%O>JBM//K=#2OETIO>^M=>]^Z]U[
MW[KW7O?NO=>]^Z]U[W[KW5>':OR6PE5WWCMO2]PX+J;H3H7(R5?=V^*[<>&P
M<79?;IIJ3([2^/>TLA5JU=FJW:]*RY7==#BFDJI!546+E4&HGA9LMW<:*./^
M;IP+V\*L>'^?H1I_D#W-V;628CX\=![DI\:7$;]P_(G'YGJ7KZG@D:4Q9#`[
M#K:>/N'?(EABUQ1_PS"TLH>/56Q!M0WJ)^$?MZUI`^(_LZ=<?\68MY5=%G_D
MWOO(_(7,T51%74.T,EBX]I]$8&L@GCJJ67$],X^NR&'S]5CZE-5/6[GJMQ9"
M`V,4T7`'M%?BS_@_9U[73X<?X?V]%[^7GS%3$[VIOBMT7E,YF.W\K0FIWZ_5
M^.IMT;_V7MZHI7^RVILG'AY,;B^U-VF2,Q9#*!<5M/#^;,UY58Z6.>KOG0O'
MJR)C6WP]#1\-OBM1_'?`;QW1N'$[-I>X.W\W!N3L*39&/%+MK;]%CZ1,=M7K
MS;%5-3T^3R>"VABHPLE?6`UV8R4U57U):6H.FR+IR>)ZJ[ZC3R'1T/=^J=%3
M[(^6&$V%N_>VSL+U%W/VG5]987$YSLK-[`Q?7U!M/8M-FL34Y^@@S>Y>S^Q^
MM\7/6?W?IOOITHGJUHZ62-ZAHO(H-"]#2A-.KA*BM0*]4I;U[,[%_F9=X;,W
M#M?X\]\[OZ*Z:WQM/<-5U]1[LZ_V9A9-MTN*J=Q4&8S60SO9V`VK7]N[[R>2
MIZ6HQ_W8EVWMFG)IWGJ,A)+"R29&J`=(Z>`$2\1J/5UO^F?Y&U%9##1?#;=]
M-2RTT4KUNX.Z.DJ`4U3(LS24M13X'=.ZI3X#&JL\7E4EQIN`2'M3?P_X.F=*
M^O\`(]`/\FOF+WA\:>F,]VOV%U1TKL5XGHL7LS;>1[OW)OG=^]=VUX'VVU\9
MM;!]2[:QTCD%I9:F+.3?;TU--*\)15+:9V5:D#]O6U16:@)_9T4#XC3]P=;;
MA[B^:/R#^.?=^XNU.TL.N2J-T;@R'3.QME=3=/8JEI=RYK7DNU.W-M[FVAA#
M53RE,8])--087"T<4EY1,S46HJ[`U/5WH:(I%!]O2DR?=?R[^6G</5>)ZXV9
ME>HL;M^IVYW9)L7(=X9K8@INM<97X*LQ4'R178/7FY-P8K-=P3U!_N_MQZP1
MRX*"OFJJ!Y%AK*?99W(`Q_J\^O:40&N?+A_@ZL6H]N_-+,L),YVM\<MB4UXW
M;&[3Z7["WUDA>*H$L*[IW)W-M+'Z(I6C(8X`M(%/$=[>[T?U`Z;JGH?V_P"Q
MT/NR\-N;!8..@W=O*??>:$\LL^>FP6(VX'C<((Z6#%86-*6&"'02"S2RLS&[
MD:0+#Y]5-/+I6>]]:Z][]U[JO3Y<?(CMRB[/Z_\`B!\8L71'OOMS;.0WAF.P
M<_2FLVOTGU/#5U^"K^QZVC1S]]F$RM)+%C8IT:E>KB2)EEDFBB9MV-="_$?Y
M=.(HIK;X1_/I8=,?#OXM?#[;.0WZ,)A:G<^!Q^4W-OOO_M.>ESF]ZJ<?<9;<
MNZ,ANG,AXMLQ5<I>:H3'"C@?2K2"20&1MA%05\_7K1=W-/+TZ(O6_P`W*;MK
MO7:75?QBQ'6V-V.<M/D]\=P?(?(Y':.W5ZUP-7/%NG=V&H?XWM<X:EDA@5<0
M];45-;632$5..HTC#RT\6K46E/GTYX5%JU:^@Z&CMOYS=C=J[WVM\?\`X2;,
MR&0W9V!B*_<%1\@^Q,!5X+K/8W75!50XW*]E;=P>=BH\UO/&4M5,\5#D)J6'
M#5U9&(J)LFWF2'9<DZ4\_/JJH`-3\/3IU^$,WQ+V!V'N_J+X\R[C[Y[6%-/G
M/D=\H:6FQ^Y,;7[GK7_B"1[Q[,KLQ'%53[GS+5'\/PVWQE(H)::=ZG2\4]2W
MDT`T7)\SUY]9%6P/(=&/SGS=^/F#WYN_9#;J?)T76.$JLWW%V/B4H*CJOIW0
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MV#IY7K7V]A*JBBW#NK(I315$Z02Y?,0+592O=?O,A5JAEDJ)`I=&E>T=-'4W
M<>@$^3W\PCX\?&!H<#GMTXS=G8E9DX,+!L7;V;Q(FP=?5BH$%7V%G)JAL;L#
M"Q&ED:5ZL/7O%'(U+1U31L@TTBKCSZVL;-GRZ+IUFD6[:W97S:_F"Y/9&UMQ
M@UU/\6>D8(,K7XS8V#R57!5T&Z,'LRNI:O>>_P#N_>5*M+/''!CWR%#1I3%:
M.FJ[T]%49[Y/R'5SCLC_`#/^KRZA[XW+VM_,9WWD^F.NTWK\>.@>D][[8JN]
MMR[VP.)@['[&W+'#1;OVML#;6RZU=Q8;&XO&TR4N1RM/N)/-%+54D5?C"8IZ
M&7Q)D.D84<>O`",:CECPZ<^O>U,MA._*/XS_``3Z\VQN[:6U-ZR9;YC?)#M1
M]];AB?</\0T;KPIWG3SXZJWMW-6TD,@IYY:JNH:>H*4OV\%)3RO!X$AM*#'F
M>M$=NJ3CY#I:;S^5O=7=/?TG1'PKIMG5&*ZQW4N([][H[!VANS<'7^WZV@+3
M9K9VWJ_"UF(Q>1W#CDB--)3?="JJJZ58XS34T-17IXNQ;2GYGKP0*NI_/@.A
MR[T^9.Q^KLY!U?UQAZGY`_(K*U*4F&Z)ZYRM%/N&B4%6K,WV%F8H<E0]:;5Q
M<3JU36Y&/6OD0I"ZEF2S.!@9;TZJJ$Y.%]>APWKW%L+J/9%#O3O#>&R>J:9\
M?2RY3^/[LHDQE/F#2PRY##83)5\&(JMRRTM5(8H?!2)45(TL(%+!!8D`5;'5
M0I)HN>BN]3_S$ND^YW[0W!LO;';S]-=2[/W%O+<OR"RO7N0QG4]30[2H)LMN
M*APE7//_`'JR>6Q^*@>;[1<4*IPC#QB\1EH)`:TKI'GU<QL*5I4^76;/?'/;
M65^56]>VMK_)G<NSOD5E-G81:#9F)RFRLW'@ND::@PF!BP&>ZOW+!FJG+;'K
M^P\17Y>+*01XN>/+9":)*DZ+-[2-=0>[_)U[4=%".W_+TA?DY\9(][[/VQF_
MDM\SZK"[!VEO'`YO<>&WUM[J'9W0F=>GGD3$4>>V_D*;$29+*_QF6GFHH\]G
M<UAVJ8$27%5*/)&_F6H[FQ_+K:M0]JY_GT,G6NSOASL#;O7VT\;N7IO>.1Q6
M3K_[I;HWGN'K?=&^<YNNMIL97Y?(X[+,D).<J*"JH3]OBH:6FHL?]G3TM/3T
M45+"FP$&,=5)<FN>@#SWQ7ZOKNW/DAV%WY\KX=P;)S&Y]J[\[0Z?3+[3ZQVI
MMS9U%ADQ76>T>]LNFX*[<6>ZZQV,H99**AK)\)A\I42U%144M2TC^ZZ1J)8X
M_P!7'JVLT`49_P!7#H1C\8^@][=C]N[WV'\@>P=MXO<=9LJH[RZNZ7[<VGM;
M84M5MK9%%C,"NZ7VCA4[`V0N7V3%!)4Q4.>Q25]+IF965M1WI4DD$_/K6I@`
M"!\N@KV5\>/Y9&-;<6^MG=B=45NPMQ[DJ\92;:QG?6`K>D=L]A5^RJ7!U=5M
M7:5!N?\`N91=CMM>-:B*HF2IRE)Y/N*9H?0RZ"Q<013[<=;+2\"#7[,]1*SX
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M)8C/P_RZ`Y?BITEF,OWWN"@^3/9\75>Y>V=T;W[^ZLVIVML?`]=T78LF!Q,7
M86"W[NK;6W*'LS;>,EVW38ULCA9-R42P4UFE'AF55KH7)J:5SU;6V!05ICI,
M]5?%3HM^G=Q[7Z=^5>YV^*%5NW?&ZLI@.H-\=6T>V8Z;+U*Y;=6S<WW+M7`U
M6[EV;B*=I('B@R]!7Q8YDAJ:N6-/5H*NF@/;ULNVJK#OZ=>DOB;U13=18W:G
M2ORR[1R?QDH\WN_*8/;_`%)V!UA1;<GI\MN/*Y;<6!K>Y-A;17LC)8O&9.LJ
M*>]/N.EJX(E\4TS^-=&P@I@G3UIG.JK`:O\`5Y=.M#T#\2>P,MLZ+XX=T4O4
MV\-H;:[#Q-!7_%OLOKI=S9W:67S&TJ?L6+=--78K?T>YHJ;<U-AVK<E4TSY"
MCR;TS-5).T)]^TH?A-#\NO:G'Q"H^?11]F_#3^5MLC/YVGWA\F]G=EYW'SY[
M([[QW97R!ZB_O!7N<I+55D^_\UM^+;/8-11T%-+!2UM%59./#5/A5ZFC:1V)
MJ$B'$U/V]7+RG@*#[.K9<3%T3_H3E@P1ZK_V7?\`N/FHIVQ,VU?]$'^CG^'U
EZ;B,M11R?W0_NA_#/NOO7+?:>'RF4VUGV[BGEIZ9[M7GJZ__V3\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>j12155992_ba003.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 j12155992_ba003.jpg
M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````9```_^X`#D%D
M;V)E`&3``````?_;`(0``0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0("`@("`@("`@("`P,#`P,#`P,#`P$!`0$!`0$"`0$"
M`@(!`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#`P,#_\``$0@`/0"-`P$1``(1`0,1`?_$`:(````&`@,!````````
M``````<(!@4$"0,*`@$`"P$```8#`0$!````````````!@4$`P<""`$)``H+
M$``"`0,$`0,#`@,#`P(&"74!`@,$$042!B$'$R(`"#$403(C%0E10A9A)#,7
M4G&!&&*1)4.AL?`F-'(*&<'1-2?A4S:"\9*B1%1S148W1V,H5597&K+"TN+R
M9(-TDX1EH[/#T^,I.&;S=2HY.DA)2EA96F=H:6IV=WAY>H6&AXB)BI25EI>8
MF9JDI::GJ*FJM+6VM[BYNL3%QL?(R<K4U=;7V-G:Y.7FY^CIZO3U]O?X^?H1
M``(!`P($!`,%!`0$!@8%;0$"`Q$$(1(%,08`(A-!40<R811Q"$*!(Y$54J%B
M%C,)L23!T4-R\!?A@C0EDE,88T3QHK(F-1E4-D5D)PIS@Y-&=,+2XO)59756
M-X2%H[/#T^/S*1J4I+3$U.3TE:6UQ=7E]2A'5V8X=H:6IK;&UN;V9W>'EZ>W
MQ]?G]TA8:'B(F*BXR-CH^#E)66EYB9FIN<G9Z?DJ.DI::GJ*FJJZRMKJ^O_:
M``P#`0`"$0,1`#\`W^/?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^
MZ]U[W[KW7O?NO=)3=^^MG[`H<;DMZ;CQ.VJ+,[BP.T</-E:N.F.6W1NC(PXG
M;^`QD3$S5^6RU?.J0P1*\C`,U@B,PT2!QZV`3PZ>\OEL7@,5D\[G,E0X?"87
M'UN6S&7R=5!0XW%8O&TTE9D,ED*ZI>*FHZ&AI(7EFED94CC4LQ`!/O?6NJS.
MK/EWV=\N_D[+LWH"AK]E?&+ILT&>[-[<SFUZ:3-=MY.NIVFVWU[M.AW'#)_=
MG;&YZ&L3)R5AI!F),9"DJ/0"JIS4-!R[47X1TZ4"+5OB/5H?MWIKKWOW7NO>
M_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NN+ND:/)(ZQQQJSR2.P1$1`69W9B%
M5547)/`'OW7NB`]/?*W=?R7^4&\MK=)Q;>J_B_T;0UV"[$[3FI9\H_9W:V2I
ME7';2ZYR<-93XZGP>TD9JJNKU6L^Z*(J*L%33U$C8<LU%^$=.%`JU;XCT(_=
M?S%Z]ZG[.ZXZ(P5#5]H=\=H9_&XO"=8;4R&.BK\%@YV>IR^]-[Y.J=Z;:^W<
M-A:6HJAY$DJJL0GQ0F,2S1;+@$*,L>M*A(+<%'1N?=^J=>]^Z]U[W[KW2:WE
MO':_7NU-Q;YWKFZ';>TMIXBNSVXL[DI#'18O$XV!ZFKJIBBO*^B)#ICC5Y)'
M(1%9V"G1(`J>'6P"30<>JC?B3D=T_/WO/+_-/LR+)8'H?I3<^:VI\6.J\DXA
MHEW!04GVFY>W-UTSJM-5[BI8:KQ4S^M:.K:2&-P:`23M)61M9^$<.G7I&N@?
M$>/^;IK^2/<.^OE1OW`=(=4/4OMC>N3KL3UU@%HX:O$;UQ.WLHU%O/Y7]L:Y
M#2U7QUZUK:<Q[-PD]J3?^XH8YI5K<>L-)-YB6-!P_P!6>O*`HU'_`%?+[?7T
MZM0Z1Z7V9T)U]C.OMDPUDE-!/59?<&X<Q529+=&]]WY9DGW'OC>&9G+5.9W1
MN2N4S5,\AL!IBC5(8XHT=50HH.FF8L:GH6_>^M=>]^Z]U[W[KW7O?NO=>]^Z
M]U[W[KW7O?NO=<7=(T>21UCCC5GDD=@B(B`LSNS$*JJHN2>`/?NO=4=_,7Y(
M;L^4,%/TW\<ZJIRG6^Z]V9?K'$5>-:IH)?E/V3A_&=Q;1VEFX&26D^-75E()
M*[?^YXFAILK#&N*H:D)4M4LP[:L+P_P_['3Z*%[FX_X/]GTZ%B?>>U?@Y\?H
M/C7T?EMO?WCZHV_05G>W<V8QC/L[J7*;X5Z^IW-DL)AZ0U6^>V]\9BNT[1V/
MCUEK)8WI/O&IZ!8I)[5"+I7RX]5H7;4W`\/]7^7HMFU\M2?"JG_OMDMFU.\_
MG;\E*FIV]\=/C_N/+T^Z>P<!B=WYVD@KM\]W;WHI0N0WGOS+44.6W5E:BIIH
MV%%!A<>:.@QLS4M!V9_&>`_S]7/?C\`XG_-T(^WNY_DA\NMY[7^(^Q.VH_L>
MIZ*GJ/G;\G>K*6GVH9-P9"JRDE-U%TGE*61'HS]Q05.)ES=-313U/V+U<1AC
MBEAJ]@LYT`\.)ZT55!K(X\!_GZNZ]O\`3'7O?NO=4N_)K(;Z^?G<&WOCWTOD
M)*+HGKO=)R'8_9T)27"YO=FVLC)CLUD,?32"6CW'A.L:O52X:*9?M<WO4^2-
M9Z'`9*166JYTCX>GEI&-3?%_J_U?9UG^0_:NR<?MO&?&#J;&9&L^/75N2QG3
M^_,+LZLF_O7W]VQ]HJ[8^'?7^765J^JK<[,PKNQ\XNH4.+:6GFJ5J)ZI1YB*
M:5^$?S^7^?KR@_$?B/\`+Y_YNCT?$SX\R],;5R^[=ZQ8RJ[R[:EQFY>V,CBX
M8(\+M^HIL?'2[=ZGV)#"TD>-ZRZHQ.G$8:F1RC10M/Z3-H2Z+I&?B/5';4:#
MX1T;/W?JG7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=5Z?)7?U'W1N
MC>?QBQ6Y*W9O5NPML4N]_F5V]2UXQ5'L_K::@J<W#T_C,M>.:EW3V-A*-Y\K
M5QNHQ.W/*W[DU2B1ML:G3Y>?3BC2-7GY#HK_`%3F,]O;?%;N/I7;&W>L<SD.
MH:#;/4F2S>*I(-F?"GX@059KL1O3=6W97HZ6L[G^0%132;@Q6#J`@BP])0R5
M]0*2FJ5J:@U/;C'[!U8B@H?7]I_V.@GV[6[?SV0ZO[-QVV\UV7UWAM][DQGP
M4Z(KLA45N]OE1WA%7-3[_P#F3WIF:Z"8##8W)-59*/*5T,<.)H0*A8H'>FIZ
MFOF#Q'D/7YGJQQ4<#YGT'H.JY,+N_L/MGM3?':G5NX*WMKY1=R[FK.B^M.R(
MEGPU#M2?=4M5B-W=B8F2II:C^Z$U;U_CZ_&;5Q%/.D^V-GTM9E\A]O43T)JF
M\DDC+'IR@`H<*/\`5_J^?6SK\-_BKLWX>]'[=ZEVLT.2RB%LUOK=GVJ4M7O#
M>=?%"N4S$R"\D=%`D*4M#"[.T%%!$A9G#NRI%"+0=)G<NU3T:GW;JG5?7?GR
M&3M;<6+^)GQAWOC,WVCV7C\S_I"[*V/F<9GJ#X]]6XS(#`[TW=DLABJV:.CW
M_45#R8K!4.M*B'*R+-*8A$GD;9JG0O'_``=.*M!K;@/Y],?=VYDZ?VGL7X0?
M%2LPO7.[JKKO(9+,;ZJ'A7#?&WH?;ZF#=G=&Z)GDI5JMRY2LEEBQK3312UF8
MGEK9Y5$3NWF[1H7_`(H=>45.M\BO[3TB_@;\>MHUT^VN_J'`93%=9[-VWD]E
M?$G;FY!KS#;.SM0T^_?D=NF.=$J&[)^0V145?GDC@GIL&(H`OBE58](H^+R\
MO\_Y];D8_#Y^?^;\NK),[V)U_M?/;<VKN;?.SMN[HWC4_9;1VWG=S87$9[=-
M9ZO\DVYA\A6T^0SE3Z&_;IHY7X/''MRH&#QZ;H3D<.EC[WUKKWOW7NDSO3>>
MU^N]I;CWWO;-T6W-H[2P]?G]Q9S(,ZTF,Q.,IWJ:RJE$22SRE(HSHCC1Y97(
M1%9V53HD`5/#K8!)H./07?';Y'=7_*+K6+M3JC)UU9MG^.9W;E;!F:$XG-8?
M,[?JO#64.8QKS3-CYYJ.6"MB1FU&CJH78(S%%TK!A4<.MLI4T/'IKZM^5_0_
M='8.Y^LNL][#=6YMJX3^\E7+183/Q[<R^`CS<VV:S,[4W;4XR';6[<7C]QP/
M035&.JJB):J-XU9C')H\'4F@X]>*,HJ>'1B_=NJ]>]^Z]U[W[KW6LQV-/\@,
MQW7O;^7_`+%SW5?8Z;W[IW=VMV)N/#8#<<53GMT[GW<-[TM#W+F*[-5>+S>W
M.I]FR8JHSF)HZ!*0Q4.+PC5,SU1A1,=5=`IQZ4C3I\0UX?ZJ='_^4/0>]NG/
MBA1].=#;![%[JS?<W9V#H?DANO`9.AI^U^R,1F:.OR6^]P9[<V2F,&%&^JS$
M4N!GK'\E#@,-7NL<1CBC0N,I5*+4U.>J(P+ZFH*#'1L?C=\<AUVB]D]CT&W:
MGNO/[4PNT:NFVUYVV#U1L'`Q&#;?3W4.,K$!P.RL#1!/NY`#49C(^6JG<J88
MH;*M,GCU1FK@?#T7WXW?%6BV)\J-];BQ/5.-Z\Z'^/\`M+']8?&C&S05R5>2
MW1O7&T.X.[.UJ5:^:>JR&2SDM3%@'S-3)-/5T5$((G6&.16JJT;AVCAU9GJ@
M%:L>/^3JSGV[TUT#G?/<^`Z%ZTS78.;I*W-5D,U!@MH;0Q"&?<._=^;AJDQ>
MSMC;<I$226JS.Y,U/'`FE66"(R3R:88I&6K-I%>K*I8T'5!'R:Z$R7P-P707
MR,ZNW_3[.^:?:W=7D[!V-CLOD,=UMV=-V#6S[BS^Q(MF82MIL8O7776>J*.@
M5FD@@J*>I,LTWW3T81AET48?&3T^K>)53\`'0O[P^"RY_OC8W0^0^0'=&[^U
M^ZL35]X?.[>-#OS(X3![EZIV\#M?`[$H]M4`I(*?;>Y]VY:3%X&@JFK%QN+Q
M\SA`D,,0L4[@M34Y/6@_;JH*#`Z7WR_^)&[]H5W0FW>M]V_.3=/566W!D<9V
M_G-A=P=C]B9[KW9&VL'CXMO8#:'6<&X<9B5;>TTCT,N1:EK(L934S2&GFD=$
M?;J12FJG6D<&M=->H^U_BOWIM_.[-[6^+7Q4Z`ZGJ<'N+;T<6;^5^6S>_?DI
MOC"H!_&M[[FW!CZC=F.ZPJ\K26ADI*2:KSJK-*0:/0E(?!6&5`'V\>O%EX.2
M?LX="W\M>B/G'O'I(34'<V_M^]E93=>SJ#)==?&JOVE\=]FX#9]7DXI-[5U#
MF-WY;)[XWC7QXR`T=,N0W+3T.JI%1)0&..6-MNKE>-3\L=:1HPW#'SST_P"V
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MI+0E6_RN4UD`!\])XTZLAJOEJ'"O1?>^>QMW_&7!]9[+V]B=Y?"SI3N;+2[)
MW-WYV=NK<O9GRVRG7/5^)ILC!#MG&8*HW4G4&&I,;5'$X'$12K+!5Y!)4IL9
M']Q,]6)6@^$'S\^K*`U3\3#R\O\`9ZLF_P!F\3_9&_\`9@_]#7R'_P!'/VW]
MV_+_`!S&?Z<?]#NG^[7^S`_=?Q+^(???P_\`W*>3R_=:O\O\OV?^6^W=?9JH
M:?ZL]-:._345_E]G5D/MSIOHCOSY^6-/\5NE:JMV['+FNZ^R9WV'T=L['4ZY
M',YO?.8$=#2Y6GQ"PU4U?0[:DK8JB2,0R+4U+4])P]2A]TD;2O\`2/5XTUMG
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MM;JH*+*9W(TJ1-E,I`"3*(4GE]H)!+?$?Y=>UA2`OPC^?2F^"?77>)S?>WR*
M^3&RX=B]P=U9W9&$CVQ)6XC+56WMF=7;*QFV*>*DJ\155M%CL7N#=)R5<M+"
MZI*"E2P+3`^]H&RS<3UJ0KA5X#JQ+VYTWU[W[KW7O?NO=>]^Z]U[W[KW39FL
MSB-N8C*;@S^3H<-@\'CZS+9C+Y.JAHL=B\7CZ>2KKLA7UE0\<%+1T=-$TDDC
ML%1%))L/?NO<>JQ-B[13^8AV)B>^NT]LU`^)O6&;GF^-?6FY:&HBI.Z,]&M5
M15_?._MNY.&`R[;5+0;9QU3"5FIWFFG01RE)V@/$.H_`.'^?ITGPQI'QGC\O
MEU:3X8?#]OXHOM_%X?!XT\/AT>/Q>*VCQ:.--K6X]N]-=-6X]Q8/:&WLYNO<
M^4H\)MO;.(R6?S^9R$H@H<3AL11S9#)Y&LF-Q%345'3O([?A5/OW#)Z]QP./
M5/\`\3>K<[\S/D?EOYBG<5'71]=X.LK]L_#3KW-TJP?P[9N(JZ^@A[0RV(<2
M+3Y#)5+3U=%Y'ED-?42U*,(:;&N64&MO$;AY=/.="^&./GU<U[>Z9Z][]U[K
MWOW7NO>_=>Z1'9F$W/N;KCL#;>R<ZFUMY[@V1NO";1W-*)3%MS<^5P-?08#.
MR"!7G*8C*U$50="E[1\`GWHY%!QZV*`YX=$Q^(GP@I^DH=D[Y[;R&W-\=Q[(
MZ^Q/6FR_[M4F0@ZYZDVACJ)::OQW7&/SA?*3[CWC6O45^X-Q5BQY#*U=7,JQ
MTM.[PO1$IDY/5W?5@<.K!?;G3?7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW
M1(_G5LZO[:V'U+T#%-7TV![^[]V3L+?T^,JZB@K/]'&V]O[S[DWO1Q5U--#+
M2G,X'JN6AU78$U6DJP:WNCBH"^IZO&:$MZ#HYN*Q>-P>+QN$PU#2XO$8>@H\
M7BL9001TU#CL;CZ>.DH:&CIHE6*GI:2EA6.-%`5$4`"P]WZIQZG^_=>Z(]_,
M6BVA-\3=_CLC(=DX[J],ML27L^3J?$8O,[RJ-AQ[WP+9ZAAARF;P4='AJR,(
MF2JHI)YJ:@,KBGG4-&:24T9K3J\==8I2O1L.O/[D?W!V3_HS_@O^CG^Z>W?[
MA_W<\7]W_P"YW\)I/[M?P3P?M?PK^#^'[?3QXM/NPI3'#JIK7/'I8^]]:Z][
M]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7N
MO>_=>Z:LA_!/N\%_%?X5]_\`Q6;^[/\`$/M/N_XW_!,S]Q_`ON?WOXK_`';_
;`(AK^W_>^Q^XO^UY/?NO=.OOW7NO>_=>Z__9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
<FILENAME>j12155992_ba004.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 j12155992_ba004.jpg
M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````9```_^X`#D%D
M;V)E`&3``````?_;`(0``0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0("`@("`@("`@("`P,#`P,#`P,#`P$!`0$!`0$"`0$"
M`@(!`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#`P,#_\``$0@`0P!_`P$1``(1`0,1`?_$`:(````&`@,!````````
M``````<(!@4$"0,*`@$`"P$```8#`0$!````````````!@4$`P<""`$)``H+
M$``"`0,$`0,#`@,#`P(&"74!`@,$$042!B$'$R(`"#$403(C%0E10A9A)#,7
M4G&!&&*1)4.AL?`F-'(*&<'1-2?A4S:"\9*B1%1S148W1V,H5597&K+"TN+R
M9(-TDX1EH[/#T^,I.&;S=2HY.DA)2EA96F=H:6IV=WAY>H6&AXB)BI25EI>8
MF9JDI::GJ*FJM+6VM[BYNL3%QL?(R<K4U=;7V-G:Y.7FY^CIZO3U]O?X^?H1
M``(!`P($!`,%!`0$!@8%;0$"`Q$$(1(%,08`(A-!40<R811Q"$*!(Y$54J%B
M%C,)L23!T4-R\!?A@C0EDE,88T3QHK(F-1E4-D5D)PIS@Y-&=,+2XO)59756
M-X2%H[/#T^/S*1J4I+3$U.3TE:6UQ=7E]2A'5V8X=H:6IK;&UN;V9W>'EZ>W
MQ]?G]TA8:'B(F*BXR-CH^#E)66EYB9FIN<G9Z?DJ.DI::GJ*FJJZRMKJ^O_:
M``P#`0`"$0,1`#\`W^/?NO=>]^Z]U[W[KW7O?NO=>]^Z]T3_`+`^0V\MP]BY
MOHCXP[=VWO?M#:D-)4]E[WWO+FJ?ISIJ&N@%3CL;NFNP$?\`%-V;^S$3HU+M
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M@PS92II8ZZMB?)TZ")&+M)/&B@LZ@Z)`P>M@$\.@G^078FYEJ]O=#=2U,T7<
M7;-+6!<]2*LPZ?ZSIYH<?O#N7*AT>F2HP:U8I=OTLY493/S01`-##5&/3'\(
M^(];4#XC\(_G\NA3ZEZCV'TELN@V)UYA(L1AZ662NR%7(WW6=W1N"KCA7+[N
MW?FI5^_W+N_/RP++79&J:2HJ9.6:P51L`**#K1)8U/0!_,2L_P!(&QY/BQM2
MNBF[%^1%+_=&KHJ6:*6LV?U#65<=/VMV=FJ8/KHL#A]J+54-%++HCK<]6T5$
MC%YCIJ^1I'$]63!UG@.C?4E+3T%)2T-)&(:6CIX:6FA4LPBIZ>-888PSEG(2
M-`+DD\<^[]4ZD>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWO
MW7NB^=I=LS;5[C^.'4^(JZB+.=M;DW_D*^D&#I,KC:C8G7>P,IE-R/D\C)F,
M?7[;>+.YG#?9U5/3UWFJRM/+&D4SRQU)HP'KU8"H)].C!^[=5Z(!NWK_`&KW
MA\[\K@^P-K8#?6Q.GOB5CX/[O[EQ,&;PB[I^0'96XJ3)FOQN2HZC&U$S[1Z;
M2.+43>.JE]+,H,;9`9Z'@!_AZ<!*QXXD_P"#HO'PWZ<WYL?L;=O;/36XCF]F
M;X[_`.W>G^S^M=\5B9:BZ<ZDZ&[+[.VAL+";6W-EMP93L/"[KIEDBKJ7""*L
MPLM/DY1**(+2SM5`0:KPK3[*=6=@11N-/YGJS3L7L:7:LN-VMM7$P[P[/W3#
M6-M/9W\13'0+!2H5JMU[OR*0UM3MOK_"U,D25^26EJI1+-%3TT%363P4\CI-
M,#CTT!7)X=1>K.KFV,N8W'N?,C>O:>\WIJK?6_)Z"*A:L-*CC&[6VQ0>2JEV
MUUUM?S2IB<2)YA"9IJFHEJ:^KK*NHT!3)X]>)KPX="Y[MUKKWOW7NO>_=>Z]
M[]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[HE>SJ$=F?-OM'L=2M5MOX]
M]78'H3`5`#S4I[([!K*'M/M(TTVMJ7[S"[4BVE22F,>2-ZF>)R"&44&7)\@*
M=7.$`\R:]$'^9WRN[(WC\KNMOCSTGF]VOBNKNY>J(]Z;/ZBSN-H^SNY-YNT6
M_MQ;0CEJLYA*3&=8["Z\QTQSM96U"8R++5\"5@9*60PMNQ+:1Y'IQ$`34WF/
MV='=^+AWUFOD7\U-W]B46V<5G_[Q=%["I\)M?+U6?I<!A=N=40[YQV%K<S68
M[$RU^4IG[5EDJ7CIXJ;[B9_""OJ9Q:ZF)^75&II4#Y](7N3;F4G[PRD?PNW9
MF-I_(K,U&(K.[)*"''9GXYT6+AEQL)SG?V"R-+54?^DZIV]3&FPT.W9*7=E8
MAB:N*XM!4PZ/Q=GQ>?I^?7E/;W_#Y>OY=*CXB;RR.U]U;FZ-[[P=5@?EI-BQ
MO?=F\\EFX=TXOO\`VO35TF-BWUUQNB+$X*.CVEMVLJC2Q[4%%CVVU'.JI3N)
M9:A_(:'2WQ_X>O.*C4OP?X.K`?;G3?7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[
MW[KW7O?NO=!)F^^.GL!N([-K.PMN5F]5BH:AMC;=JVW9OE*7)9"BQ=%62;,V
MM%F=SQT,]=D85$[4@A"L7+!$=EUJ%:>?6])X^72NVSNFKW'6;EIYMG;MVS2[
M?S=5A:/)[FIL+1T>ZQ13ST\^7VU3T.<R67;"&6#]J>NI:$U*.LD*R1G4/`]>
M(ITG.[.UMN]&]1]B]O;JD1<'UYM',[GJH'J(J9\E/CJ21\=A*268B/\`B.>R
M9AHJ53S)4U"*+D@>_,0H)/7E!8@#JG[:W=_;V+^%>Y).C8!B]\YW&[BWCVA\
M@LOB%DH=P_*3O#<4]0W3O2F!>>F&_P#>])V7NNFVK)F1*V%V\E`(XUR-73_9
MHSJ.CMX^OS/3Q4:^[AZ?(>?2$Z*W;\7?B+W]W#E=[[^V4E;\4NE,?U]N'.5U
M90Y?M7O7Y"]J9.AWUWKV/2TDQJ][YRNCS.+Q>V8:J=&%(U0](T_C=KZ4JC&O
MD/VGK;!W44\S^P>72L_EU8#Y9?(S97R`W%VAV?D^F=M[Q^4.^<IV-0;.P55@
M^\<WNG'[6V#@<SLS%[ZK)OLNMMD[9I,+2XD/C*)]P1U%)50)5T#PAWW&':I)
MH*_GUJ30I``J:?EU=?L3K[9?6.VZ3:.P=MXS:^WZ.6HJ5H,;"5:KR%;*:C)9
MC*ULSS5^:SV7JV:>MR%9+/6UM0[33RR2LSEX``4'#IDDDU/'HH/SRH9\3MWX
M_P#;6"GBQF\^JOE'T?)ALLD2"MGV_P!D[TQO5F^-IR52/%5_P'=.`W<5KJ9'
M"S_;1,PU1(R4D\CY@]7CXD>1!Z/?[<Z;Z][]U[KWOW7NO>_=>Z+[NOY7_&K9
M64DV_G^\>M$W1&WC_N9B-U8S<V^9I;/:&EV/MJ;+[MK)W,;!4BHG=F%@">/=
M2ZC%<]6",<T-.D"/E'O+=U0]%TU\6N^MZ$!G3<G8^`I?CSL@1!_&DSU7;4V'
M[`J(YBRLGV6VJQC&VJW!'O6HG@#_`(.MZ0/B(_P]2I-M_,[?:1/E^R>F^@<?
M)9I\1UQL[+]T;PC20.?'#V!V'/LO:5+/`&4'5LVL1G5B&*D`>[SZ#KU4'D3_
M`"Z?:#XL;*JXY#V9O3M[N^>I""O@[1[)SE1M+(JMF:.NZIV:VS>GJJ%W!)5]
MOM8$J/02OO>D>=3UK6?*@Z'3:>R]G;"PU+MS8VT]M;+V]01+!0X':>"Q>W<-
M1PIJ*0TN+P]+1T-/$A<V5$`%S[V`!@<.M$D\>E+[WUKJMWY\P5O9^]OAY\5J
M:(2XCN_O,;U["AE<+29'JSX]T-'V'N[!55TDL,M7SXX1'38SQ(EP7!]MR9(7
MU/\`@Z<CP&;T'^'HMU)\-OB7\BOF;NG#[1ZNQ5)T_P#&9:R?M2CP&;W/0[1W
MY\BM\5S5]+M"#!TF=_N]08KJ_$4,]9DXL9#1,<KDDI*A6@22-Z:$9\#M'^'J
MVMU3)R?\'0>]1]<=94&Y>Q/C)3[$_N%M7HKY;=P_)[Y`2C`U./Q,G1/7><K-
MX?&_94V4;'P+G\5NULSA\C04<]5/"N-VOD68AC&C>`'P^0))_P`G5B3\7F10
M?;Y]6!_RTZVJW!\/]A=@92C6DSO;&[NYNV,\P,S255?O_N;?NX*:IJ'F2,O.
M,/54L195",(P5+`AFO%E*^M?\/3<OQT]*?X.CY>W.F^B$?-7)+NO=_Q%Z`Q4
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MX[D21[9FL]P0X(*>I(>)`^SKU8QP!/\`+J>GP3ZHW$JR=V;R[J^1M79M<7<'
M:NY:K:P:9`*E8>N-F3[-ZV2GF8MZ),3*0K:2S!5M[PQ^*IZ]XA'PT'1F-A]6
M=9]6XU,/UIU[LGK_`!:1+#]CLW:^%VU3.BZ;>:/#T5()V)0%F?4S,+DD\^[`
M`<!U4DGCTO?>^M=>]^Z]U[W[KW7O?NO=>]^Z]T7'Y`?&C;/R!J.O\O7;[[1Z
MNWCUCD]Q9#9N_P#I_<F+VQO#%P[NP$VV]SXE:[,[>W/0'&9O&O'Y;4JU"R01
MM'*EF#590WJ#U96*^A!Z6W2G2777Q]Z_Q?6W6.$_@^W\?+-75E34SO7YS<F?
MKA$<ONK=.8G_`,KSFY<W-$)*JJE-V(5$"1)'&FU4**#K3,6-3QZ+[_,8SF7V
MO\)/DGDMM4E149W+]>2;/ACQT$DF1JHM\97&[(J(H%IH)ZF>9:'<DWC55+7-
M@5OJ%9,(:=6CRXKZ](/J'NSIGXG=*](?&K(YO*;^[MV1U9M+#YKI[J#"9/M/
ML;^\U)B*5MU_=X+:D%;'MJB3<,M2PGR\^/I88K%Y@!J.@P10O$@=;*L[%OPU
MZ8.VOD5\P<+L'<G:N2V)TO\`$OJC;F.JZZIR_=N>K.WNX\W#+#.V&H]K]8]<
MYK;&S*/>F7<Q0TF(J]S5LTM<Z4Y1B[&+Q9Z5P!^WK85*TJ2?ECH'.E?Y?FY_
MD?\`PSY$_P`PG=V_]\]J9[$3X?;_`%G092FZOVYLWJZ>M;(X/;.Y\/UK_"JT
M[AKS/)59&EBR9AC-0*>I^XGA:7W41ZNZ3CUMI`O;'PZM!ZNZ)Z8Z3QPQ?4G5
MFP^NZ4PQP5#[3VSB<175ZQJJJ^6RE-3)E,Q4$*-4M5--*UA=C[="JO`=-%F;
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M\=_8.LCSG5W1^!8U73/0%8)?/CLACH*A`-_=KXR(A9=R5:6IIRXH$2.."4>"
MDG4_'T\AUXL`-*</7S/^QT?#VYTWU[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^
MZ]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]UK([V_N[_I@W-?\`X8/_`(U_
M>C<NC^^7^E+5?^)'R?WQT_[\'^\=M'W?D]/W?G\?/D]ICQ_T/I2*T_T3K8,Z
M$_YE5M/_`)D[_P``1_S(3_F57X_X]/\`Z8?;Z\/+\NF&X^?Y]#%[MU7KWOW7
MNO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z__
!V3\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>9
<FILENAME>j12155992_ba005.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 j12155992_ba005.jpg
M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````9```_^X`#D%D
M;V)E`&3``````?_;`(0``0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0("`@("`@("`@("`P,#`P,#`P,#`P$!`0$!`0$"`0$"
M`@(!`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#`P,#_\``$0@`%0"D`P$1``(1`0,1`?_$`:(````&`@,!````````
M``````<(!@4$"0,*`@$`"P$```8#`0$!````````````!@4$`P<""`$)``H+
M$``"`0,$`0,#`@,#`P(&"74!`@,$$042!B$'$R(`"#$403(C%0E10A9A)#,7
M4G&!&&*1)4.AL?`F-'(*&<'1-2?A4S:"\9*B1%1S148W1V,H5597&K+"TN+R
M9(-TDX1EH[/#T^,I.&;S=2HY.DA)2EA96F=H:6IV=WAY>H6&AXB)BI25EI>8
MF9JDI::GJ*FJM+6VM[BYNL3%QL?(R<K4U=;7V-G:Y.7FY^CIZO3U]O?X^?H1
M``(!`P($!`,%!`0$!@8%;0$"`Q$$(1(%,08`(A-!40<R811Q"$*!(Y$54J%B
M%C,)L23!T4-R\!?A@C0EDE,88T3QHK(F-1E4-D5D)PIS@Y-&=,+2XO)59756
M-X2%H[/#T^/S*1J4I+3$U.3TE:6UQ=7E]2A'5V8X=H:6IK;&UN;V9W>'EZ>W
MQ]?G]TA8:'B(F*BXR-CH^#E)66EYB9FIN<G9Z?DJ.DI::GJ*FJJZRMKJ^O_:
M``P#`0`"$0,1`#\`WOZO(X3L+#[GP.S^Q109"@JYL!E\[L'*[4RVX=I9>FF7
M[R@DCRN-W1B,9F8UC:*2*LHGEB#,55)`KKK!X'K?#)'1>4^)N96%(Y?EQ\OZ
MB98EC>K?L/84,TKJH7SO%1]64M"LK6N0D*)?^S[KI/J?]7Y=6U_(=9=LT_9?
M2/:G6VP]S]S;H[HZ][5IMV;>PDO9&WMG1]C[6WUM?;TF]**4;MZ]VULC"9S:
M>7VQA,PE1'D,4U?!6QTGCJW1WC'LJ0":@]>-&!(%".C=>[]4Z][]U[KWOW7N
MD=OW$[RSFU\AB]@[QH=A;HJ6I/L-U9#:L.\X,;'%6035@&WJG+X2FJY:NDC>
M%6DGTQ>37I8J![T:TQQZV*5SPZ*S)\;?D?EJ8Q[C^>O<8G+K(!LOJKX][.HH
MSX!%(L2R=;;@S)1W+.!+7RA21^5!]UTMYL?Y=6U+_"/Y]`%TY\BX.K/E]V%\
M7^P/EMBNV-I[:ZDP>Y:C/=O5?6VT]V[6[7J-VQXJ3K[%9W;>(VAB]S_<[8R$
M%96T]2D];15!A1&NU0B5#4?237'5BM4U`4->K2Z.MH\C2PUN/JZ:NHZA==/5
MT<\552SI<KKAG@=XI5U*1=21<>W>FNB`Y'Y)=]]M]W=H=*?&C`]+;9'2>>Q>
M`[`WKWYE-T5V8R%;6T&/R=2^RNG-G5.WMRY#`PTM>%ILS796BH*^5'$&I%#N
MWJ8L56F/7IS2H`+5SZ=%'W/\]=T]#?(?K/8W:GR7PW8NVFWQN?:G?#X?XN[A
MZVZVZTI:/'Y'&QO#O_([EW%ELME<5OF*DI4EHVJZ`4;U,M6R,L*FGB%6`)^W
M'5_#U*2!0^6>KA-X]H];]>0;;J]^;\VELZDWAFZ/;>UJK<NX,9AJ7<&>R%//
M5T.*Q-17U,$-;6U=-3N\:(Q+@<?47>)`X],@$\.JX?E'_,/P/7'9.X>L=B]R
M_'CKRGV'LK';IWQOSLN+<W9M?7Y3<-5GJ#'['ZTZYZWSN$K\YNS!KA%JLFU7
M7A*5*ZE4TSAG8-M(`:`CIQ8ZBI!/0J?&#YZ]/]D=5]7S=Q=[_&[;_>.[<'#D
M-P;-VMV7MN"AI*O)5E3-@L=#29'<V4GH-PSX&6C:MQCU<]11Y%YJ;DQV][60
M$"I&KK31D$T!T]',P&S9,-O/?>\AO#=N9I=]1[5:':>7RD-;M+:$NV\74XR:
MIV90"ECGQ)W/%+%-D5,TL<U1`DB*C,^NX&:^O5*XIU4GE?E'VSO;K7L;O3>_
MS.ZP^(6S]A;ZWGM.?J'9O5FT.R.XL"VU-TYW"46U]^?Z3<ODYI>S]P0X=GAH
M<;A(*=H2DZ7C,A1K42-18`=.Z`"%"DGHXGP5R'RQW!U[N/=GRCRLU3%N;.QY
M#J/$;DVGMC9_:.*Z_P#'4&BJNT\-LNCH-L8K=.:AD@F?'P1F2A9764AF\45T
MU4JW5)-`-%Z.%C,-7T&:W)E*C<F8RM'G:C&3X[`UT>)7%[52@Q<&/J:?!R46
M,I,I)#EZB$U=1][4596=V\1CC]'NW5>G_P![ZUU[W[KW11NP?@Q\9>PMU578
M+]?S;![,JYJJLE[+Z=W/NCJ#>\N4K9YJBKS5?ENO,OMZ/.YFIFJ',E3DHJR1
MRQU$\6H44FM,]7#L!3RZ#J+X=]Y;6)CZS_F`_)?#T:031TE-V;C.JN[IJ>1T
MD$'ER.]-E1Y&O@IWE:_GDDJ'4*#-K4/[UH8<&/\`AZWK4\5'^#I#U/P>^3.<
M["VIV?NO^8=VEEMW;#H\O1[.GQ?3'4.`PF)3<%'+CLY+4[/CH:[9>9K*^AE\
M7W%5CI*B-5&F0673K0U:EC7[.MZUI0**?;T^[Q^)?R:PF1VOV)T_\T.V-Q]I
MX/<4C9+$=\92@K.C,]M#*X^OQF6Q]?U5U?MC9N*ES&,^[CK,?4$:UJ8;>2(&
M-X=E&XAC7Y\.M!UX%13Y<>E%+\<OF9G*><[D_F"[AQD]4L;_`&/77QTZ=VUB
M:&8333-'2U&X(MX[FF@17CC!;(*76,EAZRJ^TN>+?RZ]J3R7^?3=B^KOYDF)
M@_@DWRL^/VY:**D,$6\L]\=\M2[NGE6F2GCJZC!X#L#%[6CJ'=/,VD-&)78:
M#&%0>I)ZC]G7JQ^A_;U+J?CU\Z\C*U14_P`Q!,*S$:*+:7Q)ZBI<=&NA`58;
MMSF],E-()%8Z_N4!#6T<>_:9/XOY=>U1_P`/\^C9]3;>[-VOLRDPW;?8^*[7
MWC35E<9MZXG8M-US%DL?+-KQ\55MBASFX*&GKJ2(E))8)DCEL"(T-[W%0,Y/
M5"03@4'2,W#\4OBYNW.93<VZ_C9T%N;<F<K9\EF]P;AZ=Z\S6<S&1J6+U-?E
M,MDMNU-?D*VH<W>661W<\DGWK0IR0*];UL,`FG2BZ<Z)ZG^/V`SNU>G=G4>Q
M=M;CW?F-]9+`8ROS%3B(]R9Z#'TV2GP^/RN1KZ;;F,D@Q<"Q8['+2XVGT$PP
M1EG+;"A<#AUIF+9;CTQ]K?&/H/NVOH\UV7U?MK<&Y\:L4>+WM2Q5>V^P<1'3
MB8018?L/:M7A-[XB*`SNR+35\2HYU`!@"-%5;B,];#,O`XZ)_FO@)V!F'[`Z
MH'R9WS%\3.Q=Q83<&>ZVS=9O#?W:O\'HL7!39OJO"]N;]WOGWVWUUN+-0_?U
M3T^.DRTJL:5JC0TDDE?#/"O8>K^(.-.\=")\MOY>O4'R]PNU<'N[>';&Q<?L
MRBQ%!A<+U_O'[/9DD.`AS%+@9LGL//4&>VG/E,+0[AKJ>FR$%-39):>I:%JA
MX`(AYXP_&O6DD*<*=#?M#XG_`!HV/MK';4V]T-U#38K'T6*HV,O6VRYJS)R8
M>&.*DR6;JS@Q+E\PSQ^62JGUS23LTA;4Q/NP10*4'52[$UJ>I6^_C[\<LWM;
M.0[TZ,ZHSV!I\3DJFOI*OKS:,T@I(:.66J>BEDQT,E'6B*,F*:.6&2.0*RNC
M`,/%5ID#KP9@<$]4D]1_`'YD_(#ISX=]G9#YW9:@P6V,)U]VUL#;&X.NCG3U
ME7TU)B\]LBKHZ>;<R8WLJOPM+%3K#)FEA6.$M$H:&1U=D1NR@ZNGC(BL1IST
M>JO_`)3/QT['?<&[/DAE]]=_=S[N:FJ-Q=MY/-R]>U<5531K"J;9V9UV^"V=
MB,8L$:HD%939-XE&E90H4+?PE.6R>J>*PPN!TK7^`F\,,)O[A_/3YOX`2I,D
M5)NKM'"=DXZB#FG\45'#N;:OWT5/`L%E4U+.`2%=06#;\,^3-UKQ!YJO4RD^
M('R:HJ>*EA_F+=\/'$"%:KZ]Z?KZ@@LSGRU==MJHJYC=N"[L0+`<`#W[0W\1
MZ]K7^$=,Z_!/NJMAD@S_`/,3^6U2@EAEIFV]D-G;5FC9%F205%128*LJ*J*0
M2BR:D0%;D,=)7V@G\1Z]XB_PCIJ_X;][@_N3_='_`(<.^7'WO^E;^^W]Z?[V
MU'\>_N3]A]I_<#[[^*_?>?[G_*/O//\`PO7Q_"+>]>&U*:CQZWXBUKI'#JSK
MV[TUU[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[K
MW7O?NO=>]^Z]U[W[KW3'N?\`@W]V]P_WC\7]WOX'EOX]Y_\`,_P;["H_BGF_
MYM?8Z]7^'O1X=>''''HH7\NP=4K\/>H1TE)VE+UF*7<XVU)W'%!!OIXO[Y;@
M^\:MAQTU3@H\8<AY?L!CI'HQ1^.Q,GD]UCIH&GAU>2NLZJ5Z.S[OU3KWOW7N
/O>_=>Z][]U[KWOW7NO_9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>10
<FILENAME>j12155992_ba006.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 j12155992_ba006.jpg
M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````9```_^X`#D%D
M;V)E`&3``````?_;`(0``0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0("`@("`@("`@("`P,#`P,#`P,#`P$!`0$!`0$"`0$"
M`@(!`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#`P,#_\``$0@`60#=`P$1``(1`0,1`?_$`:(````&`@,!````````
M``````<(!@4$"0,*`@$`"P$```8#`0$!````````````!@4$`P<""`$)``H+
M$``"`0,$`0,#`@,#`P(&"74!`@,$$042!B$'$R(`"#$403(C%0E10A9A)#,7
M4G&!&&*1)4.AL?`F-'(*&<'1-2?A4S:"\9*B1%1S148W1V,H5597&K+"TN+R
M9(-TDX1EH[/#T^,I.&;S=2HY.DA)2EA96F=H:6IV=WAY>H6&AXB)BI25EI>8
MF9JDI::GJ*FJM+6VM[BYNL3%QL?(R<K4U=;7V-G:Y.7FY^CIZO3U]O?X^?H1
M``(!`P($!`,%!`0$!@8%;0$"`Q$$(1(%,08`(A-!40<R811Q"$*!(Y$54J%B
M%C,)L23!T4-R\!?A@C0EDE,88T3QHK(F-1E4-D5D)PIS@Y-&=,+2XO)59756
M-X2%H[/#T^/S*1J4I+3$U.3TE:6UQ=7E]2A'5V8X=H:6IK;&UN;V9W>'EZ>W
MQ]?G]TA8:'B(F*BXR-CH^#E)66EYB9FIN<G9Z?DJ.DI::GJ*FJJZRMKJ^O_:
M``P#`0`"$0,1`#\`W^/?NO=>]^Z]U[W[KW7O?NO=>]^Z]TC]^[[VQUGM'-;W
MWAD#CL!@J>.:JEBIYZVLJJBIJ(:+&XK%8ZDCFK<MF\SDJF&DHJ.G22HJZN:.
M&)6=U!T2`*GK8%30=%EZRQW:>]/D%5=B;\RN:P&.VSU@]+3=8465!VUM:K[*
MW$,C@ML[CI<5DZ_$Y?M3:VT-FP5VX:F5IHH9-Q4<.,?[.)ZBNJ*EJGTZL:!:
M#UZ.5[OU3KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7N@X[6[-P?4NS
M*S=N:@J\G.U;B\!MG;.+:E_C^]MY[CKX,/M/96VX:RHI::HSNY<U5Q4T'DDC
MAB#--,\<$<LB:)H*];`J:="*A9D1G70Y52R:@VAB`674.&TGBX^OO?6NN7OW
M7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[I*T6]MJY7R?P/
M-4>XO#J$S;:9MPQ02+X"(:JHPRUM/1SNM2C*DKHQ0ZAZ02-5'6Z'IV_B,WB$
MW\)RGC(+GTT/E$856$AIOOONKLIXC"&6X(*`V!WUKIT]^Z]U[W[KW7O?NO=>
M]^Z]UTS!068A54%F9B`%`%R23P`![]U[HGV5WCC]ZI7?("JHCNKJ[8%%)!T/
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MG<Q608_%8?$8RFDK,ADLC75+QT])145+"TDDCL%1%))]^)ID\.O`5P./4O&Y
M&CR^.H,MCIQ4X_)T5+D:&I5)(Q44=;!'4TLX25(Y4$L$JM9E5A?D`^_=>Z*!
MUY4)\C^Z,IW#)(]=TOTID<QL7I"EDCJ&PF^.RHE%%V-WGCG.G&YW$X&.23:F
MV:V/SHC1YRHA<I5PN*#N;5^$</\`/U<]HI^(\?\`-T<SW?JG7O?NO=>]^Z]U
M[W[KW7O?NO=(3>?:76/7`ICV'V-L388K#"M&=Y[OV_M<535$_P!M`*8YS(4(
MG,]3^VFF^I_2+GCWHD#CUL`G@.@YR?R)P!F2BV+U[W+VO7S4ZU5&-C];9C'[
M;R,$DTD$3X[LSL=M@=25@DDA?]&?(15#/I5T+:U>@)ZWI]2!UW!G?DGNF.^/
MV'UIU/2S+&8:[?6ZLIV5N2D9F5I1D-C['IML[<;PQ<`0;PE\DA(NBJ&D]W'T
M'7NT>IZG4/5F_,C)2U&_N]-\9L13T\]7M[8^*VSUCM*K-,KE4$N)Q^6[-IHY
MI9"9$7=)C=412O#F3U#YGKU1Y#I:4'5^PZ"6AJI-NT^;R>,CFBH,[N^JR&]]
MRTD52GBGAAW/O&KSNX4AFB]+)]SI*\6M[W0=:J>EZJA0%4!54!550`%`%@`!
MP`![WUKKOW[KW7O?NO=>]^Z]U[W[KW7O?NO=%Q[HJZCL+,X[XYX,M;>>(&<[
MBR*2STXV_P!(S5E5B,KBH*RCJ:>NIMR]KUE+48+&M"T<E/0IE*Z.:.>@@2:K
M9[?]5.K+CN_U5ZG3IMO.[VIHYZ;`X?J_X[+#4P5$\=/BL'1]D2;<EH*.*AD6
MKH<;08;K/K[-RK*DD$U"U9FX?$\-5B'4>P3\AU[('S/0^RRQ012332)##"CR
MRRRNL<444:EY)))'(5$10222``/=NJ](3K#LO:7<&Q\)V+L6MJ,AM;<)R@Q=
M954-5C:B;^#YG(8&N\E#6QPU=.8\CBYD`D56(6]A?WH$,*CAUL@J:'CT`&Z?
MF/LO;^\*_8V/V!VEN?,5&0R>V.O\CA\)@EVYVSOW#18U\ULS85=6;D@R]8VW
M),HBY7-5-!3;<QWAJ/)D+T\JK4N*TSU8(2*XZ"[JK8V4HN_>S_DOWINO;U1G
M.KNM:_8NY-PTV0K,?L/K^IW&NW^R=W[%VHN5IJ`5&PNK]EXO!2?W@J@M7ELS
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M;N?=NU-D8B?<&\]S;>VC@:9D2HS>Y\UC<!B*=Y`Q1)\EE:FDHXF<(;!G!-C[
ML2!QZJ`3PZ+_`$WR\ZBW%))!UA#V#W7,L0FBJ>H^MMX[KVI5(SB-?MNS9,5C
MNJ&9BP(5LZK,GJ`*\^ZZP>&>K:".-!T^#LCO;/T@J-H?')L%,=96#O#MG:>Q
M1+&$#121GJ3&_(:HC\Y/"3PP2H/UJK74>JWD/V_ZCUZB^9_9_J'35_=_Y:[I
M@TYCL;IGJ2"98Q44>P-B;D[/W'3%GC,W\,WOOK/[1VXC11!T1JG9]2'=E<HH
M1HI/4<^8'7JH/(GK*WQKI<ZFGLKN?O[LL.RR3TE5V1/UEB)F62*98),-T-CN
MIZ*KQZ/';[>K%2DL9*S^:Y)]I]23_J^77M7H`/\`5\^A!V-T=TYUI-4UFP^L
M=C[6R5;.*K(9K%;;Q<.X,I5A(XQ69;<#4[YO*U@CB5?+4U$LEE`O8#WL*!P'
M6BS'B>A4][ZUU[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=,^
MXMP8?:>W\[NG<-=#C,!MK#Y/<&<R502*?'X?#44^1R==.0"1#245,\C6!.E3
M[]PSU[CCHJVU<IE=C]1;G[ES,,6&[7[UKO[U0P[OAI(ALR'-4<_^C?:N[%CK
M*/[;;'2?7L:5FY?%5&.(4&:R$1'F9?=!@:O,_P"K^75SDZ?(?ZOY]$#WWW*=
MQX[=>VJ[!5V/VOU/@U[`Z;ZM[&HF??';&2JL?N3>.ZOF/\A]K2T>.C@ZHV,D
M%;N&BQ=13TM'E=Q2I!5"#,-CL?2T)K]@_P!53TX%\_7_`%4'0P;W[JJ,'3=&
M?#3?$NZ,>N]NI]J[D^1_>.:JZRJPV-Q>2VCV'O3=_7$.<:HK)J/?7:</5^<I
MD^XFA2BPLTST;25*TZ+LG@A],GJH7BX]<#H6-Z;LWMMOXQ](]?\`7*UG7G>7
MR6KMI83$T^-Q]!D\EUKE>RISV-WCO&GQ/^2TD>/ZOV_D,W4I+I\--4K2I9W>
M-)-DD*`,,?\`4>M``L2?A'^H=!GUGM2NZUJ<YV;M#,5^^]VY<47PW^(^W\WA
ML=M_8.V\-M&HK#O7=&`VOM_P/C^O_P".;*K<MDIY*BIR.9P&SH)X:N855&B:
M`H:CCP'6R:X/#B>E=NWK?-9OK7<VUL+'N_</670F%R9P]*=L5.0WA\@ODK0K
M79?)=FYNDEH,DN[=J[3W[DDROV\%!40YK=T=8[034V/I8ZOQ&*#X1_,]:!S7
MS/\`(=&PZ;EW:<%M[$TNP7ZTZOVM@,7MO:&(WED'R?9N7PN%QE/B<15YK$X^
M>3%[*A6GI(Y(XZFNRF3J(F`JZ?'5`>(76OV#JK4^T]*WL_?<FPMN0U.,Q\6=
MWAN/*TFTNOML2SU-*FYMZY>&JEQ>.J:NCHLE5X_"T-)15&1RU:E-/_#L-0U=
M8T;I`P.R:#Y]:`J?EU3WF.^NW>L.JJWKC![/WANKY!=R[TW9N;MC*RX7</7&
MX-W=B[URYVE@]C=48;<ST69P^U-LX2BV_AZS=K328G"X6FI:/&561S%2KT#.
MI@*?B/3VD$U_".E?U1\"^U<8_>6_=VX79^$[C&S?[N=.Y:AS\=5M/.;CVWL5
MJ?KFKJ=O4M#5-LOK;KG?%/C6V]C5J7GIJ/!8DS4XJ\4M;7[$9R3QZT7&`/AZ
M,MUI\7.Y<'E(=V5?8^U^N:G>'6^R.KMY;3V7A<UGJSK3KCK2?<@V+L7I#>64
MW#C\-MVN;%;A$6=R]1MZH2IKH9:K'4E`\T9@L$(S7R_U4ZJ67A3S_P!5>AJW
M+\6-FY"NV3DMA;Q[%Z/K-E;/J^OEJ.H\GMC%U&Z-CU-;B,E#MW=U7NW:6\JO
M)C%Y#$&>BKXI*?+4LM;6M'5@UE09+:!Y5'6@Y\Z'IRVM\4NB=L9>#<]1LK^_
M>\Z>7[F+?/;6<S_;F\::L8@RU6+SW8V3W+5[>:5O]UXTT<"#TI&B`*/!%'S/
M6B[''ET8GW;JO7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[
MW[KW7O?NO=>]^Z]U[W[KW7O?NO=%;^0VY=J9K-[`Z%S^=3#TW8!S78._341-
M'C/]"_4#8O<&^8,YEY9Z;'8G!;DS-9B,+D&J'T2XK(UBBQ&H5:GPG_4.KJ#\
M0_U'I`;,VO+\I.S<?W_N:MKVZ)V?3U^%Z#V)'55,&%[),F2IY\GWMO"DC\$.
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MC'4W=72G8F3[=VA@]GQ8C8'0NSNJ<%L_$9C;N:GH-S8"DGSV2D[`VCM'!TL$
M?\&RNZL#MS:^/I\^)EJ</B5RBT;+65D<M/XJ:X^&G7@PIGXJ]'`QV.H<10TN
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MZ]U[W[KW5>G95/0?*_?&%VYMY(AUY2?WEVM+N:**9*SL#;N.W!@?])^2H<O`
M)Z:+JG#9W"8VAQD37.[MV4J3-$V"PTKY9L]YQPZ<'8*GCU8#04-%BZ&CQF-I
M*>@QV.I:>AH*&DACIZ2BHJ2%*>EI*6")5B@IZ>"-41%`55``%A[<Z;ZE>_=>
MZ][]U[KWOW7NO>_=>Z][]U[I$=A[^PG6NUJS=&<6JJECJ,?BL-A,8M/+G-U;
MGSE;!B=L[1V[355124U7N#<V:JX:.D22:&$2RAI9(H5DD31-!7K8%33HI6U]
M@UW8W9>Z*G?$^+S>_I:2DV_W;68:OR64VGUQUY4&#<VV_C!L'(ST.'BGFW;Y
M:',[UJC"*S)T9B2MB2DK,'%0T`J<\?/_`#=7)H,</+_/_FZ//###30Q4]/%%
M3T]/%'#!!#&L4,,,2A(HHHD"I'%&B@*H```L/;G3?67W[KW7O?NO=>]^Z]U[
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MSZ)9<OF7C='3&4<HC)F:)'T308X];`J<\.@FP?7N!?(X?IJCJL]N+#[)R&,[
M([GW?EJO[RL['[#J%BKMN8#>N0DHIERF3R%8E/N*NHH*FE&*Q^-PM`M,<-71
M4R5H*Z?V];J>/[.C4>[]5Z][]U[KWOW7NO>_=>Z][]U[KWOW7NBD=M;AV_OK
M.9;"[HR5%#T'U5-CZGMN<.*R'L/L6MJJ2+:/20HJ=GJ<K2T=3D*&LRN-BBE?
M,Y"OQ6)03"3(T;4:AX_".K@4X?$?]5>A5ZJVMF`<MV5OFEGA[`W\RU<F+KOM
M7FZ]V:K:]J]:47VE174U/+A:'149MX*FIAKMQ5%;412_:&DAI[#U/'JI/D.'
M0Q>]]:Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][
M]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KA++%!%)--(D,,*/+++*ZQQ
M111J7DDDD<A41%!))(``]^Z]T4_;^=RM='D_D%7009C,]BKBMD?&_;'DR=7C
ML;L7<M325&V\SDDHL5497"S]CUBQ;EW74Q4LDV*VWCZ..>%I,1*9*?TOV=7I
M^'TX]#OUOL:'K_:\&&:M;,YRNK*W<&\=S31/%6;LWEG)S7;BW#4QR3U<E-%5
MUKE*.D$KP8W'Q4]%3Z*:FAC2P%!\^JDU/2\][ZUU[W[KW7O?NO=>]^Z]U[W[
MKW0-]U[[SFTMO8S`;'B@J^T>R<N=C]:T]7":C'4.?JL9D,G6[NW!&+Z=J[$P
M.-JLM7WL:A*5:2+5555/')IC3AQ/6U%>/`=!!U'UQM?=$>T#AZRKS'3_`$_E
M<A)LN6M:9I.UNX8LM5UF\.\<_7,L9W%'!N:JKVQM0":3(9>JK\F%FC7%5*5`
M!^P?ZJ]6)(^T_P"JG1P_=^J=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]
M^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW
M1>.Y8*CLC,83H>D2!]N[DH6W+W7622,!1=44M4]+%M+QQG_@9VYFJ63%$2:8
MFP5'F75UGB@#5;/;Y>?5ACN_9TY]<2#LK,#MR>*`[1IX*O$=*4T,BRT=3M&J
M6".M[-C%//)032]@"G7^#S*K-!MQ87B>,Y*MA]^&<^7EUXXQY^?0Z>[=5Z][
M]U[KWOW7NO>_=>Z][]U[KWOW7NB);@7"_)'M_.8+:&4W5CUV/0[RZ@[3W9B\
M@\6-V]LJ;.8NHW?L7:F0I5II=M]J=I;FVY0T]?,KU-9C=J87[I/X?/DL155#
M>&;'EU?X1GH\./Q]!B:"AQ6*H:/&8O&4=-C\;C<?30T5!CZ"BA2FHZ&AHZ9(
MZ>DHZ2GC6.**-52-%"J``![<ZIU,]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO
M=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W
M[KW7O?NO=$^JL#FNY,UN3;+[2W+L;;6Y\A3S=U[CSF/S>(R6Z-IX&OEQ^TNF
M=HUF1%))48C<6`@EJ=R5>-:7$4,64K*6AFGK<C4U=%2A)^7G_FZO6GV^7^?H
MW%%14>-HZ3'8ZDIJ#'T%-!14-#1014M'14=+$D%+24E+`D<%-34T$:I'&BJB
M(H```]WZIU)]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=1:.@H<?')#04=+0P
MS55;7RQ4=/#31RUV1JYJ_(5DB0HBO55]=42332$%Y99&=B68D^Z]U*]^Z]U[
MW[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO
M=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W
M[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=
M>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[
1KW7O?NO=>]^Z]U[W[KW7_]D_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>11
<FILENAME>j12155992_ba007.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 j12155992_ba007.jpg
M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````9```_^X`#D%D
M;V)E`&3``````?_;`(0``0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0("`@("`@("`@("`P,#`P,#`P,#`P$!`0$!`0$"`0$"
M`@(!`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#`P,#_\``$0@!#@);`P$1``(1`0,1`?_$`:(````&`@,!````````
M``````<(!@4$"0,*`@$`"P$```8#`0$!````````````!@4$`P<""`$)``H+
M$``"`0,$`0,#`@,#`P(&"74!`@,$$042!B$'$R(`"#$403(C%0E10A9A)#,7
M4G&!&&*1)4.AL?`F-'(*&<'1-2?A4S:"\9*B1%1S148W1V,H5597&K+"TN+R
M9(-TDX1EH[/#T^,I.&;S=2HY.DA)2EA96F=H:6IV=WAY>H6&AXB)BI25EI>8
MF9JDI::GJ*FJM+6VM[BYNL3%QL?(R<K4U=;7V-G:Y.7FY^CIZO3U]O?X^?H1
M``(!`P($!`,%!`0$!@8%;0$"`Q$$(1(%,08`(A-!40<R811Q"$*!(Y$54J%B
M%C,)L23!T4-R\!?A@C0EDE,88T3QHK(F-1E4-D5D)PIS@Y-&=,+2XO)59756
M-X2%H[/#T^/S*1J4I+3$U.3TE:6UQ=7E]2A'5V8X=H:6IK;&UN;V9W>'EZ>W
MQ]?G]TA8:'B(F*BXR-CH^#E)66EYB9FIN<G9Z?DJ.DI::GJ*FJJZRMKJ^O_:
M``P#`0`"$0,1`#\`W^/?NO=5F_S!^V_D%LK>_P`..JOC]VGC.G\Q\ANZ<SUU
MN'>>3Z[V]V9'C<;3[4FS-+41;:W#/0PU+PU5.;K'5TK,&Y>PL4\[NK(J&A8T
MX5ZV*>?0'4?R:^4'Q[[S[>^)OR:[BVSV+/7_`!"[%^2/3OR4V'TWB-K;FV]4
M;.CW%1YK%;@ZG;<==L_.5VWXL--DZ*%JN&GJC31P3S/]TWVU/$DC<Q2&O82"
M!_DZW0'(Z,G\;/F]UWN>EZ)ZGWIO;>NZNQ=^?$[$_)2G[?WCU]M;K/;78^TZ
M-J:@W#F&PNV]R9C%;7W;$YEKJS#4RO345)$[K.R!"[D<RG2A)+%:UI2O6B.D
MJW\UOH&OV?U'N39/6?R2[2W#W;@=V[TV+U3UIU1#NCM67KC9>X,CMG+]EY?;
M4>YZ:CP^RY\OBIXZ*6:L%57:/V*=SQ[U]2E`0&)/``9IZ]>H>GS<7\T;XY8[
M!=`9K9FWNZ>YI_DYM3?&Z>G]M]/=;S;NW7N"3KFI2AWAMFIP4^6Q-3B]QX/(
MI4T]2LQ6BIGH:EIZF**+R'QN8Z*0&.KA0>G7J'K,?YFO2,W8>[-D8OK?Y$;A
MP'7O95#T[V1VWMKJO^/=8=>=G5-32T-?M'=E7C<_4;SHZG;V0J33U]7#A)\=
M#+&P6H<&,OOZA-1`#4!H33`/^'^77J=$Q^9OS^[5Z`V-_,5RO6?8N^]^;VZD
MW]T)L?9&-JNAMCT>P_C1+V%CL5/D:_)[TILUE*SL+#;EHYYFIJ[.X]!2YZ>C
MH4@EAE+AF6=D$FDDD$>0H*_X?S\^M@5IT8+J+Y:3;!WUVD/D-\B.R,A@^F_B
M'U)VUV)L_L[XY[#ZFK]JY#*13?QO?61K]E9O*Y^?>^[ZF,0S;2BH128ZI98:
M.29W`-UETL?$8T"@D$`?ZC\NO4].A/ZT_F=?'K?D>^FW7MKNOH2;9'3^3^0,
M5'W[UM/L2JWQTIB"%K.Q^O5H\KGXMS877+"D4`>+(S/.BQTS$2!+K<(U:U6@
MKD<1ZCK5#T6A?YF^:[>^3GP/V!U1L?NWJ38'>^Y^SZG=-+WET[1[37M?KO%]
M>R9W9FZ^M]P35>X8*C!G*0B=I*6JI:QJ>IIVEB$4T9+?U!>1%4,%->(XBF*=
M;I@]'"^6G=_8.V.VOB+\;NH<T-L;]^2':69J\_NU<1B,Y4;7Z4Z8PD6_.V9\
M=1Y_'Y7!4V<W+0-28:BJ*RFF2(UTK1(:A8F1V5V#+&F&8_R&3UH>O5978_RX
M^3E9VO\`/,T/\P#HWXXX'XO;YRV,ZYZD[*ZGZMS>0[#QN,V9'N>''TNX<ON?
M;^[C][7I]@&I<?E:II9E$8:33&4S2R:G[PH4X!`SUN@QCHX_5G\T';>9Q'QF
MV5OGISNK/?(7OCXX==?(&HV5TWUO-NK"46W]X[DJ]GUN<^XK-QPU.WMN4E=B
MJG*M+D9!!!B6A45,]7+#!,\MP"%!!ULH.!UJG[.ESL_^:/\`'#>W9^W=@XG;
M_=-/L[>O:-1TEL'Y$9/K2IH_CKO[MJ&HJ:&#8>U.PADY:NOS&4R=)+2T3R8Z
M&DK)XV$4S*K,-BYC+!<T)H#3!/I7KU#T3WX_?S-MQR[V^<?<GR1R7;6SNBNH
M.R:#J[JSI^OZ+P6,RF+SD^0Q>.P^U%S>+GJ-Z;A[RW%4UP%9MVIFEHZ&`_="
M>.$-XFDN#5WDJ$!H!3_5GY=;(].C=-_-*^/V,ZA[U[7WOLCOKJ[(_'"7KO\`
MTM=.=E=;T^U>Y\!CNUMPXG;6P\[3[7GW'-A<GA,]79=72:#*.8X(V:15+0K*
M[]2@1F(8::5!&<\.M4/63='\SCJK:3]7XS)=$?+:7>7=4?8E3U1UI2=(RMV5
MO?']<IC:FKRE!LVIW)2Y7&X[<.,R:UN/DR*T6BDCEDKA1>-@/&X44&EZFM!3
M..O4ZQ9S^:A\<<!V)FMEUNU^\Y=H;0[%Q?3_`&)WY1=83UG0?6?:^4EH*(]?
M;ZWY#ES4XG/XK+Y."AKFCH)Z*DJY562<*Z.WC<QAJ4:@-":8!]*]>H>@D^87
M\TO:'6VT?E?L_IG:O=F<W_T+M;/8')]X;=ZC&[^A>N.XGQD8V_M+>&Z):RJ6
M#*Q9RLAI9Q-C)<?!4$I/,B@GW66X"A@@.I1QI@'K8'2\ZS^3G;N([[^%FV^S
M-QP[DZZ^;?Q/H=Q;=A_@&!Q<FS?D-UOL;!=A;Y:DR6&QE!4-M_L79VY'F6CK
MI*CP5^.`HC%$TL/O:R.'0,:JZ_S`J?V]:ICJSO(U%52X^NJJ*ADRE;34=544
MF,AGIZ67(U4,#R4]#%4UDD-)3R5<JB-7E=8T+78A03[4]:ZI8ZF^7_S*P/S1
MZ&^.O?\`G_CQN3<7>>,[*R_9?0?5V+R$>]/BIC=J;2EWCLK(97?0W5F\1N^D
MW9BVA\WW*Q22L[?9JP`NC6643+&Y6IK4#\/5J"E1U8%\K9?DSBMNXW=O07:G
M0_5.VMG87>FXNV\WWGLS=.[,?'@\50XO)8_*8N?;>XL`N'H\#04&4ER#S^82
M(\133XWU/R^(!5"H`XUZT*>?58NW?FC\['^)O5G=?9]7UQUCB.[.Z,Q0XOO"
MAZ#[&WMC.L_CY!LK,Y;8/8.[.F,!NC);E-?V[NW#0TV/E>K:DHJ'*4TDUVFC
M8,":;P@[4%3QH304P:?/K=!7H[7QH^3/<??3](4^[-O8GK#+8?K'%[Y^3=!5
M8BNQ\,>]NPH*S&]/]7;8I-RS/E-O9;=&+AEWAD**I:3+8C&OB*64,<F9%=CD
M=Z5%#2I^T\!_E_9Z]:(IU8C[?ZUUTS*BLS,%5069F("JH%RS$V```Y/OW7ND
MK_?S8_\`SV>U/_0BQ'_U9[U4>O7NO?W\V/\`\]GM3_T(L1_]6>_5'KU[KW]_
M-C_\]GM3_P!"+$?_`%9[]4>O7NO?W\V/_P`]GM3_`-"+$?\`U9[]4>O7NO?W
M\V/_`,]GM3_T(L1_]6>_5'KU[KW]_-C_`//9[4_]"+$?_5GOU1Z]>Z]_?S8_
M_/9[4_\`0BQ'_P!6>_5'KU[KW]_-C_\`/9[4_P#0BQ'_`-6>_5'KU[KW]_-C
M_P#/9[4_]"+$?_5GOU1Z]>Z]_?S8_P#SV>U/_0BQ'_U9[]4>O7NO?W\V/_SV
M>U/_`$(L1_\`5GOU1Z]>Z]_?S8__`#V>U/\`T(L1_P#5GOU1Z]>Z4T$\%5!#
M54LT5335,4<]/402)-!/!,@DAFAFC+1RQ2QL&5E)#`W''O?7NLOOW7NO>_=>
MZ][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWO
MW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z
M][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW
M7NO>_=>Z][]U[JN[YW?'#Y!]U[H^*_8OQSK^FX-Z?'/MG+=DOC^Z\QO;$;7S
M*5FVI<'2T2R;%VON7*SN)9V:12:4!0")"?3[8FC=RK1TJIKG_8ZV"//H&,7\
M'?DOVCOKY`?(7Y1[ZZ5KN\-]_%??/Q<Z7V+U'#O:'I[K+`[OH,O-5[@R.X=W
MXYMX93-YG.Y'_*9TQ^JGI):A5$ZM3PT]!#(Q9Y"-94@`<!UNHX#H,.]/Y9'>
M^]_B7\-NO.J^P^M-C_)/XW=99KI7<N^ZS)[KBV=ENLNS>I,GUAVUC,'D\;L^
M;<U?62++35&'-314:Q-Y9"8)65O=7MW,2*I`D44_(BAZ\"*_+IU^3/\`+(S]
M7V%T!V5\>]E]']DXWIWXW8SXM9#J'O[,[XVMMRIV9MC*RYO9>\L'N+KZDK*\
M;JQF5KZG[^.>.-*JGE<AS*W&Y+<ZE9`#1:4-?RX=>!]>A(Z=^`78O6G;OP2[
M#+=%[?P_QQV#\B<9VKMOK*CW?MK!U6\.[J9)*5NL=OY>ASLE7A*"O9A6U.4R
M=%4SD&H2!3+]O%9(&5D;M`4&M/GZ=>KQZ+/W=_*Y^0W8_=F_=[[7_P!EXV7N
MK=?<*;^V?\P]@[D[,Z?[]Z_V-+G,1E\EM'.=4]>;=I>L.S-XR4T$](N;R%:)
M<B&:JK&2H9%1M[:1G+#2"34,*@@?8,'[>O5'0H_(K^6[WCVYLW^9]M[;>ZNJ
M**M^:N]OC-N3JR7.9S=]-2X"AZ9RNSJ[=$78#T&Q<E+BJNOBV],*!<<F525F
M3S-`"Q6TEN["0`CO(I^7KUX'AT)/R#_EW;Q^0/;?S7W%EMW[4P.Q/DU\9>N.
MG]GSTL^;KMU;<WSU]G1N:BS6X\*<-18I]LKF:.E)6FR<M3/")$*1$AO>W@+N
MY)&EE`_9UX&G1=^N?Y6?9F[-I=K;/[IZ_P#B3U!_'_C_`+BZ7VQOCHT=H[VW
M[E=XYB&DA?L7+5^^*C`8W![0J)*..>7!TL'W%5("K34R*!)1;9B"'"CMI45K
M7USUZO0D;"^(_P`_=V=R?!+>GR!S'Q8QFR?A:^Z\/+1]8YGLJJW7OZERO7`V
M!3[NTYO9=)A*:KJDQM$XQJ-011!ZB4O=H:6&RQ3ET+Z:)Z5SBG7JC-.AH^:V
M*FZX^67\O[Y85T);K_K[?O9'1/:&29933[7H/D=M>CVEL#=V1J%808C!XW?]
M%34=;5S@PJ,C$K%"5<6F[94E_""0?SX?SZT.!'4SI_\`EW]?T'?/RV[@^0?5
M'QX[@;NCN?'=@]45^X]BX7L#=.S=N4NWJ.@GQV0JM[;)0[>R#Y:F\XAQM550
M&P<R!^!M(%#LT@4U-1Y]>KC'0L0_&G>=/_,5B^6T&0VA!U=!\(T^-,.W8:O*
MQ[SAWG'WF.RX\A%B$P*[>CVA'MY1`LHR0JQ5C0*7Q?N^[>&?'\7&G13^=>O5
MQ3JM/X__`,J#L_I;?_7VQJS8/Q&W=TIUEW%4]B8CN[<A[3S'?>2V73;EK]T[
M<VM'L<2X[86'W[B,C5)#'F35U--3TT22"*=U:&1.ELR,!12@-:YK_FKULMT)
MW9G\KWL[LCJSYB[4J]W=94^Z.WOF^OR\Z5-;4[JR>U$AQD6*IL?M/M>&';^+
MR5`,QCEKJ6L&+_B*TPGCECDF*&,V:W9E<5%2^H?[/7J]!UN7^6#WGV3\6/EA
MUZ_7WP]Z*[4[VH>G=O;'QW6N4[7R&$QN`ZZ[4VAO_<+]D]C[@Q6X,YDI<J-M
MR-C*3'89HJ5W5996\C&GJ;9VC9:(&:E*5\C7)Z]45ZLG[6^-V^=]?-SXG_)3
M$97:E/L7HG9/>VV]W8K(UV7AW9D:[L_;V.Q.`EVY0TV"J\/5TE)4TC-6-55]
M&\:$&-93<!0T9:99!2B@_P`^M5Q3JL_,_P`J'M"B[A[:QF(V#\1NR>E>Y>_L
MUW'4=B]QGM+(]I;!VOO/-4>=W=U[1]?8"7'[.W7/BZU)OX)65.12Y;R5+*2L
M<:<VS:S0*4+5J:U'RIUO5TNNS?@?\W,9C?G5TCT%NCXUR=#_`#6W]V/W'5[H
M[1J^PL?V+L?=W;&/QU-V!M2#';:V[GL57XS+S8Z.&BKGED%!3^2H^W:;33O9
MH9N]$*Z').:USQZ]4>?'I>Q]:9O</S&_EQ=&H:#*S_`;XXY[L#O/<.#>MJ\#
M1;EWEUI@NENMMLT64J*;'O!69[+;>RF7AIZF".KJ<52"4Q1+?5O23+&G\"U/
MYB@Z]Y$^O5P65HY\AB\E04N0JL355U!64=-E:)8'K,9/4T\D,.0I$JHIZ5JJ
MBD<21B1'C+J-2D7'M7U7JF7:WPT^<G8O='Q=S7RDW;\>,SA?BEV'E.PAWYU[
M#N*E[T[SDBI*^DVIM[/X>3:^$P.T<(])61Q9VGBJYX)Q`JPK(/W"D$4S.ID*
MT4UJ.)_U>?5JCRZ,)\A/C]\P?DG\..R.@]\;PZ2P_979/8M+C,CN/9N2WWA-
MJTG0-/V%A\W/BEFGVMD<U4[ZRVR,9)CJR#[>/'SR54BBH6,ZC=TEDB*,5U$_
M/A7_``]:!`->K`OX<-J[1_A.R<#C[;;VY_#MI;8CJ%P^*MA\9]M@<"E4L%2F
M*Q_^3Q4XD$4@@CYTMIL7^`H/+K75-?R-_EO]M]DX;K?+4=)TKW=O.MVGW''W
M)@NZ\_OS;&R:3O3O";:M75?(CKZ3:>*SV3?,=80X'^`X+'U:+)0[5I:*EI*B
M*:F1_:22W=@#@FAK6M*GS'V>7RZL#U;SU3M+,;!ZNZVV)N'<]=O?<&RM@[.V
MEG-YY,,,EN[,;<V[CL/D]SY`,\C"NS];1O5RW9CY)3R?K[5*"JA3D@=5Z7<D
M<<L;Q2HDL4J-')'(H>.2-P5='1@5='4V(/!'NW7N@K_T#]'?\^9ZH_\`1=[0
M_P#K/[IH3T'[.O5/7O\`0/T=_P`^9ZH_]%WM#_ZS^_:$]!^SKU3U[_0/T=_S
MYGJC_P!%WM#_`.L_OVA/0?LZ]4]>_P!`_1W_`#YGJC_T7>T/_K/[]H3T'[.O
M5/7O]`_1W_/F>J/_`$7>T/\`ZS^_:$]!^SKU3U[_`$#]'?\`/F>J/_1=[0_^
ML_OVA/0?LZ]4]>_T#]'?\^9ZH_\`1=[0_P#K/[]H3T'[.O5/7O\`0/T=_P`^
M9ZH_]%WM#_ZS^_:$]!^SKU3U[_0/T=_SYGJC_P!%WM#_`.L_OVA/0?LZ]4]>
M_P!`_1W_`#YGJC_T7>T/_K/[]H3T'[.O5/7O]`_1W_/F>J/_`$7>T/\`ZS^_
M:$]!^SKU3U[_`$#]'?\`/F>J/_1=[0_^L_OVA/0?LZ]4])+XCQI%\4OC'%$B
M1Q1_'OI>...-0B1HG6^VE1$10%5%46`'`'O47]DO^E'^#K9X]&$]N=:Z][]U
M[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>
M_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[
MKWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_
M=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[K
MWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=
M>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KW
MOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NB^_$O
M_LE7XS?^*^],_P#ON=M^VXO[)?\`2C_!UL\>C!>W.M=>]^Z]U[W[KW7O?NO=
M>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[
MKW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>
M]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[K
MW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]
M^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW
M7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^
MZ]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW1??B7_`-DJ_&;_`,5]
MZ9_]]SMOVW%_9+_I1_@ZV>/1@O;G6NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KW
MOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>
MZ][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWO
MW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z
M][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW
M7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z]
M[]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7
MNO>_=>Z][]U[KWOW7NO>_=>Z][]U[HOOQ+_[)5^,W_BOO3/_`+[G;?MN+^R7
M_2C_``=;/'HP7MSK77O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^
MZ]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7
MO?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z
M]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O
M?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]
MU[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?
MNO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U
M[W[KW7O?NO=>]^Z]T7WXE_\`9*OQF_\`%?>F?_?<[;]MQ?V2_P"E'^#K9X]&
M"]N=:Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]
MU[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO
M>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U
M[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>
M_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[
MKWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_
M=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[K
MWOW7NB^_$O\`[)5^,W_BOO3/_ON=M^VXO[)?]*/\'6SQZ,%[<ZUU[W[KW7O?
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M&8\5.;V349F*#(4E6*"HJ*:DJR8T>9#JUXK2/$PP3KQY5`Z]2@/0S_R6Z#L;
M,==_)7MOM#^"9+=?97R-WW39;=-'OK?VZ\UF<ILO<6XL;D\=7XK==/38#;VW
M]NSY`089\8J35M([&LCC:*!%O::BK.W$M_@Z\W1%/D_L'=NR.Z/E9O?YF=*?
M.'<\>;[)W5N#XQ_,GXR;VWING:?QOZEFI(5Z[4]<;7W_`+4PNUTV-,IJ,R^1
M59*R=7\,:NZU-2S(I#L95<YPP\AY8KY=;'RZ-)3_`"5[XA^8GP=CV=W7MSM+
MXW;@^&F6['W-N[*Y3?&UI.UML;2Q>-?L/M?=/7E#@J^@H.T8(Z:6?%8YG:(5
M$DL53)2%=`<\1_%2AK'HK]OJ:>O6J"GSZ6^TOYE/R8.T.D?E'V1\?NJ]N?#7
MY`=H[;ZWVR^"["W)EN_=AX_>NXJ_;.U>P=[XF?;M/LC)X*MK:$2RT6.G^\BB
ME7DM;7L7$E%D90(F-..1\SY=>H.'GT)FU_G%\G]Z;S^8M?MGI7I:HZ>^'V_N
MX>O\ODMP]N'8V\NP,YL_;+9/9M)CZ_=E/CNN=C8F#(-!-N+,YO*04=-C:DM2
MQ230.CV$TA+D!="$CCQ_R#Y]>H.B^=(_S?\`>-=NCM;#=U;?^/\`N_#['^+F
M_P#Y-8_</Q@WQO/=6+H7Z]J*6FR?4NXLINO`QX/,;MEGJO"^3PE568BGF52L
MDT4ADAHET:D/I-%)Q\O+_BNO:>A*Z]_F!?+J@[#^&>'^0?1/2>T.O/F90[JW
MCM7=.P-_;NW%GME[.PG7![#I\)NS;^1PE-%_?&+&STDTDU'/544\-2R*L4\+
MH;+/+J0.`%?T/RKUZ@\N@JZ`_G);Q[?[8Z<7)]:=7T_2WR`[8;J?9^"VMNO>
M>8^077$N3S5=@-F;X[4PU1M>'8+[8W-DZ:))4QM>TF.2I#RR-:-9Z)=EW&!H
M8T^8^WRZ\5Z.)_,0W+D]R;K^&?Q3HLA48S"?*'Y#T='V;)35%522YOJ#J'#R
M=C[XV2E;1F*HHTWG-24%'.Z2*STAFA(*2N5>G-2D7DS9^P9/6AZ]%0Q?3V,_
MF*?.GYL[6^0>\^S8>J_B3DNJNMNH>GMD;_W)L#!XZNW3M[+YK,]E9F#;5=CZ
MK(9_)5^&<T%2Q"FDD\3B1*>$*T%$\SB0G2M`!6GY];X#'0F4_:?<?PPV?T)\
M/.I^T]O_`#>[Y[N[:[?V=TQN[MK,U6V\+UCU_P!8;7QF\]R8+N#<FVLOO_<&
M\<OUEC,C$I,7\-K*JCJE1*>`4L4,]M3Q!8E.MR32OD!Z\:TZ]QSY=,N]/YGO
M<W5737RFC['Z4V#%\G_B-V?T/L+?.S]L;OSE?U5O/"]_U6)DV/O':>?R>,QN
MX<5%E<54U4BT59%))3>&)Y9+S/##YKAU1M0'B(17T->O4_9TT;G^>?\`,*VU
MV!\F.H*GX]_%:3??QUZMI/D3F<Q2]M]DU.T*CJ.7&566DVGBHI]E8[-[D[*J
M(:.:*&KF7!XI98)#)&$,)FT9IPS)I74HKQ/#]G']G7J#I0U7\QOY)]I[RZRV
M)\9ND>HJW-=C_P`OK;/S>GF[@WYNC$46UFR&]JW:^<VDAVM@JY]TK&]+%2X_
M_BU^>HJUJ)YJ:&*2,[\>1B%C`J4U9/7J#S]>FWH7^9C\C.Q<Y\*MW]B]#=4[
M5Z(^:68S^P=HUFU.Q-Q[A[.VWO;:N.RL5=GL]C,EMO#;;AVIGMP82;[.B@GJ
MJRFH#KGJ&F189M)<2,4+*`CXXYZ\0.FM?YHOR'/4J_.1^A>K%_E^_P"DL;(;
M)KO[=#?(H;,_TI_Z)3V^N".VTV.V(&Y/2,)YQ7&;]K[@1?Y7[]]2^CQM(\"O
MKGC2OI^77J#AY]._:_\`,/\`E[B<O\V\IU-T3T7F.LO@YNYZ;?.?WWV'O#%[
MHWKMJFP,&>KL?M#;N$P5;21;FH<>):B:IKJNGHO$8TACJ)M:#S3RU?2HTH?7
MKU!T)&7[;FP'S?\`@5W'M?[_``VROY@/0^[=F]@[.JZN6>&ES.R=B8KN?J3<
M\U)37HI]SXRGW'7X&>L0+>BG"OJ1(S%8M29''!UR/RJ/\W7O(_+JV#)Y+'X;
M&Y#,9:LI\=B\50U>2R60JY5AI*''T,$E565E3,Y"14]-3Q,[L3954D^U1-,G
MAU7K7(ZO^7^7[P_F<?%GMF3OVAQ?3'<N/^06T^O.CJ/L?'TV(PFSMIX%-N]3
M9KLC:M'FQ21=K]T[NRU;E:*@KX#70TLN-HX@T\#`(%E+W"MJ[#6@K^ROS/5J
M8ZM2_F1X_O$_$CN[=/2/=Z=)UG7_`%!VUOG=573;"IMW;@W=@=K[!S.=DVOM
MK/S[FP,O7.6R(QKPKFH(:^IHQ/Y88EEC1PIN-?A$H:4!\OE_+K0X]%BSNS_D
MAW+\`?Y?&3ZWJ^S-_P!/_HFZ*W5WWLW8/=S=)=O=LX3+?'N".CGQO=.6R=`]
M)48[L+(T.6RM/45M.^8AB=6F\@"NT1(\"%:G`J`:$X]?MZWBIZ2G6'R@I^FZ
MCI3&_-SY`2XRJZ!VIF]@Y"KQ[[SWK4]O?(0XZD/8V9W34;#P.1_O9L_XR=?;
MAQV`RFXZREBP\F\<IE9ZMX:G%P.-++HIXS?"*?:?/AZ#%?6OIUZGIU=9BLIC
M<YC,=F\-7T>5P^8H*/*8G*8ZIBK,?DL;D*>.KH:^AJZ=Y(*JCK*69)(I$9D=
M&#`D$>U@-<CAU7J7-((8I9BDD@BC>0I"C2RN$4L4BB0%I)&M95')/'OW7N@!
M_P!F(Q'_`#ZOY!?^B3WS_P#6[VWX@]&_8>MTZ]_LQ&(_Y]7\@O\`T2>^?_K=
M[]X@]&_8>O4Z]_LQ&(_Y]7\@O_1)[Y_^MWOWB#T;]AZ]3KW^S$8C_GU?R"_]
M$GOG_P"MWOWB#T;]AZ]3KW^S$8C_`)]7\@O_`$2>^?\`ZW>_>(/1OV'KU.O?
M[,1B/^?5_(+_`-$GOG_ZW>_>(/1OV'KU.O?[,1B/^?5_(+_T2>^?_K=[]X@]
M&_8>O4Z]_LQ&(_Y]7\@O_1)[Y_\`K=[]X@]&_8>O4Z]_LQ&(_P"?5_(+_P!$
MGOG_`.MWOWB#T;]AZ]3KT'R.VE_%=OXK*[,[AVS_`'FW!B=K8O*;IZIWA@\)
M_&\Y4BCQ-'69:LQZTE%][5LL:/(RIK8`D7]^\05H0?V'KU.C!>W.M=>]^Z]T
M7WXE_P#9*OQF_P#%?>F?_?<[;]MQ?V2_Z4?X.MGCT8+VYUKKWOW7NO>_=>Z]
M[]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7
MNO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][
M]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7N
MJW^P/Y><^1[>[/[=Z/\`E+WW\9ZWO.LQ.0[EVQUG-LRNV[NO*XO'1X@[CP<>
MY]MY2NV;NVNQZ$2Y"EF=O,WD5%)8,G:#O+HS*6XTZW7UZ;LS_+#ZPP>U/C_C
M/CSVAVC\;=[_`!MV=N78&PNRMCU&W,WG,SM'>V2?.;TQF_L5N3"5>"W,^X-R
M555EBZ0TBT^3JY9HD5=$:>-NH"^&2I44K_GZ]7UZ%'`?!G:6'WQ\0^Q<OVUW
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M^2&?%*_W=;2U%)5SFJG=V:1D>.W@)52M1I%/R^?7J]`WLS^5'L':F4ZWVYD/
MD!WWO'XY],]BT7:O57QFW-E]KU.P=M;PQF7K,[AXLGFH-MP[JW1M7!97(32T
M6,JJG1'J`DDE!D$E!;*"!J8Q@U`\NO5_;T,62_E[=4YGK#YC=4Y/=6^I\#\S
M^R-S=H;YJX:S%4>3VGN'<,>%:*+:4U-BXXCC<578"FGCBKDJO/9HYB\;E?=_
M`4JZDFCFIZ]7H)*7^6U28+(;A[/WEVMV3\I>PE^*_8'QGI=A]E5NP>N>O=T[
M!SF'6+#;#H/[@]?TT77-)/4T,5/)EHJ;)52-4S54RU,@15I]/3N)+-I(S0"G
MI@8Z]7H@_P`6_ACWW7_);X8[CW!UY\M]F=?_`!8H^Q$W32_*SMGJ+L7:&P\5
MF>O6VSM/J?H!>N)J"JWSB)*^H5*W/UF-QRC'T=-"((Q3)`[,<3^(A(8*M?B(
M-,<!3C]O6R13JRGI+^731]#;RVG_`')^3_R2IN@^N]UY_>?7_P`9:?=^/P_7
M.%R6X:[)9:;!9O+X+&8[=N\M@XS,966KI,)D:N6E\ZHU0:F\PF?2#011FT`X
M'E_Q7RZU6OV]*[YS=+[]WNOQV[OZBP$NZ^T?BUWOMGLZBVA1UN/QV5WSUQF(
MIMH]N;(P=?EZN@Q%'F\MM+)_=4SU,R1O)0"+EI0/=ID8Z73+*U?M'GUX=)?O
MC^7=A.TNY\S\A^HN_>[?BSVSOG;6-VGVCG^G,O14E'V7@\134M%A9]R8;,4D
MZP;EPN-HX::EKX'BD@AB7]LR#6=/`&?6K,K'C3SZ\#Y=,DO\K#HW!].]-];]
M4[U[3ZFWST)O+<O9'7/?6WLUA\CVJV_][4(Q^^MP;RK,O@ZC"[J@WQ2Q0192
MC-)30S4])!3Q^*"/QG7TR!`JDAE-0?.OGUZO4>3^5OUAE^FNW.M=Z=L]M[YW
MQW[V1UUVEW%WAN&KVQ+O[=FX.K\IBLEM+%4U+!M^+;V%VEB$QAIZ6ACII#2T
M]1(B2V\>CWTRE"I)+,02?/'7J]#[N3X:;%W-VQ\BNW*O=.[8,U\DNA*7X_;J
MQE.V'_A>"VU2X[+8U,UM\2XR2K&<:++NQ-3)/3ZE7]NUP;F%2S/4U9:=>KTB
MNH?Y?G6O3F^]C;^P>]-\Y3);#^%F.^$..H\LV`-#6=?XW>@WM%NRM%'AZ:<[
MQDR`\3&-THO#](`WJ]Z6!48,"<)I_+KU>FW97\NKK#8^R/AIL7'[WW[5X[X5
M;USV]]A5E8VWC6[KR&?DSDE32;O,&%B@:CA.>DT?9)2OZ%NQYOH0*`@J>PXZ
M]7H)?^&ENMON/[C?Z=^]?]E3_P!)/^EG_92/XGM3_1?_`'K_`+T_WQ_@O\6_
MNU_>K_1M_'_\H_@7W%O-^[]QY?7[K]*O#4?"K73Y?\5UO5^WH?:SX']=5FV_
MFKMF3>&]5I/G!DLGDNP*A&P?W&TI<IM4;3FCV=JQ)B6..B'D7[U:H^7ZDKQ[
MOX*T<5/?QZU7H.Z+XP[LK_EO\49YL7DX.A/@;\>\M@=@;KSM7BGKNRNW>PML
MXWK%@F)QTRN:39'6^VON:FMG@IXAE,DB4L3:))(Z^&?%7^!%Q\R<?X.O5Q]O
M5CU?04.5H:W%Y2BI,EC<E25-!D<=7TT-90U]#60O3U=%6TE0DE/54E53R,DD
M;JR.C%6!!(]J..#PZUT1&I_EJ_$>#O\`Z6^0.TNG>L^O,MTHFY*C$[.V'U7U
MGMG9VY-P9A*%\#N[<E#C-IP5-3NCK_(T"5N"K8I8Y\?6?NQL&`(9^GBUAP`"
M/0#_`%8\NMU-*="C1?%V!_CMW+\=MW=O]N=CXKNC$]PX'+;XW_N1-S[XV]@^
MX,7EL15X;;N1R=-44U/B=HT.7>/$4\L4D-.B*I5EN#;P_P!,QDD@UX\<]>KF
MO0H=;=61]2]&;!Z3V5N*OAAZSZGVMU9M+=F8HJ'*9.*/9FSZ':6!W%E<=$E!
MC,C7HN-BJ9X56&":0,H"(;"RKI0(/(4ZUT4KL7^7AM'=.!ZSH=@=P=I=-[EV
M)U?O7I/<6^MI)LO.;B[0ZP[3R.,SW:F/WHN]MK[BQQW;O7=6.?,OG:6&"MAR
MM94U!$A=!&TT`(&DD$"E?4'C7K=>CO=>[%VYU?L'8_6FSZ22@VEUWM#;6Q=K
M4,T\E5+1;<VEA:+`82DEJIB9:F2GQF/B1I&)9R+GD^WE4*H4<`*=:Z5_O?7N
MO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NB^_(C_BT=
M5_\`BP72?_O<X[VW)P'^F'^'K8Z,%[<ZUTA.P.T>M>I\,=Q=H=@;+Z[P-W5,
MOO;<^&VOCYI(PI:"GJLS64<534>M0(XRTC%@`"2`:LRJ*L0!\^O4)X=4P==?
MSEOA/TE\=NB=GR[@WWV+N[:G2_5VW,_@NO\`9-8PQF=PNQ,%C\C02YC>=3L[
M!58I:ZG>-Y:2IJH[J=);VD6[A2-1DD`<!U?0QZM(Z^^2."[/Z^V/V/M3"57\
M"W[M/;V[\4F1K8(ZRFH=Q8JDRM/25T-)'50QU])'5>*=%E(CF1EN;>U`E#*&
M'`CJM*8Z4+]IY0D:,9CU%N0[5#F_^!$D=A[]K/7J==#M/+W%\=CB+BX'W()'
MY`)G(!M_@??M9Z]3J=!VM("!4X5&'Y:"M9"/K]$DIWO^/[0_XCWOQ/7KU.E%
M1]E[>J"JU*UM"QMJ::`31`_X-3/+(0/^"#WL..M4Z65#E<;DTUX^NIJL#]0A
ME5G3_@\=_)&>?[0'NP(/#KW3A[WU[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][
M]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7N
MO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]
MU[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO
M>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U
M[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>
M_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z)#\V^\NM.G-K=;5F]MQTE-
M7T_='4^?IMLT,L%9NK*8W#[OI*NNJ<;A1/'42011P,#-(8J</96D#$`L3R)&
M!J/F.M@5ZJ#^:7\U/Y`YW9&?'QPB@ZBQN/=):G.S46-W)OZOP0+PY"2"?(4U
M7@=N.(95F8T]//4TZ1N8ZH-I8(I+QVQ'VC^?5U45SUK9;WW_`+Z[+S]5NOL7
M>>Z=][FK;"KW!O#/Y3<F9J%7]"29++U595M%&#94UZ4'``'M&69C5B2>G>'#
MI$4<304=+`]M<--!$^DW75'$J-8V%Q<>Z]>ZW&?Y7>]3O3X3]1&:<3U^U!NC
M95?8`"$8#=&67$06'Y3;=30WOR2;^S2W-8A\NF6^+JP/V]U7KWOW7NO>_=>Z
M][]U[KG'))$ZR1.\<B&Z21LR.I_JK*0RG_6]^Z]TO,-V)F\<5CK6&5IA8$5+
M::I5_.BJ`+,?^6@?_8>[!R./7NA@P>Z<1GU`HY]%2!=Z*HTQU*V%V*KJ*S(/
MZH6`_-O;H8'K72C][Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7
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M.M9]N[JS..R.0DFV\]:<G@Y*:)Z^`)-&LE#=5C9U&5:F:\*\?+]G6].>K">L
M/YB/P^[=G[,@VCV]34S]1;0G[%WP=Y[6WIUZE!UQ3B'R=@T+[YV[M]<SM#R5
M"(*RE\JWDB)`6>!I7EGB>M#P%3Y8]<]:H>N/4G\Q+XA]W4O855L'M*>=NL-B
MY+M/=./W!L;L':.;;J[%0SU%5V+MW`;HVMB<WNW:7A@)%1C*>J=6>)'19)H4
M?R3Q/72>`KY\/7KU".A+^._RQZ*^5N-S^<Z'W9DM[;=VX,`:S<<NS=Z[6PM8
M^XJ.KK*.'#5F\-OX#^,ST:T,D5<E.LC4%2I@G\<P9!:.5)<H:@=>((X],GRT
M[B[HZDV9LR'X_=+U_=':?9796V.ML%2U%+N,=?\`7]/GA639+LOMO-[:Q>3K
MMO\`7NV:>BTU4X$;-+41JK?4>_2NZ@:!5B:?(?,_+KP^?1#)/YG/9^SNJ/D'
MBNQ^G-BU?RFZ,[[ZS^-6-VIL'?&3K.H.S.PNXY:;^X^5P6Y<UB:7<.(Q=/1&
MLJ*_'3PRU\*42I(\$D[K2L?4,%8,!X@8#!P2>'6Z?LZ--\4ODSW'OOMWO3XS
M_)?9G6>TN\ND,9U[N]LKT]N'<>;ZVW[L7LJ@KZK&Y7;<6\L;B]V4%7MJNQYH
M<BM5&$>HE1HK(;ER*1V=HY``ZTX<#7K1'F.BE?+W^9EW'T?W9\@-@];;!Z&;
M:GQ6V#UUV#V$G=W9F;V1O[N6C["H(\M#B/CYB,5BZVERU7AXI5H:B>J6HC&2
M80Z/(T,4S<MPR.RJ%HH%:G)KZ=;`Z4V[?YF&]L1\D=B=78[K;8.+VMG<Q\8M
MNY#K[?&\,SA/DWNT_)C#8K,-O;JS84.&FPV;V=TPV5:DW+YI24JL?6*T]*(T
MU[-P1(%H*8P>)KZ#Y>?7J8ZL.Z([4S?<^.WIOV/'8RBZMJMYY+"=+Y*!*DY;
M>VS-MQ0X;*=B9":2LDI!A-V;QI<BV`6&",5&"@I:_P`DBUR+$^C%ZM^&N/\`
M/^W^753T._N_7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[K
MWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=
M>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KW
MOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO$@"Y
MX`Y)/T`]^Z]U4U\P_P"8H.N<AE.L>D(8:_>%*II\YOS)48GPN`DEBND6V:*I
M7P9_)*KAQ5RJ^.0:="U.IO&AGN]'9'\7K_F_U4ZL%]>J&M]5^<['R[;AW=N#
M+9S/U&=QV?K\SE:N7(Y'(5>.J(YXTJ:FJ=Y&C*Q",`&T:`*H``'LN8EC5C4]
M7ZB5%/!5T\])4Q)/354,M/402*&CF@F1HY8I%/#))&Q!'Y!]ZZ]U5=OS:TVR
M]VYO;DNMHZ"K;[*9_P!51CJ@"HQ\Y(`4O)22IKMPL@9?Q[UTX,CI(>_=>ZV6
M/Y'V]#D>G.YNOWE,C;3[&Q.Z8T:0NT%-OC;D>-2-%+$Q0-4[&F<``*9'<_4M
M[76A["/GTV_'J[OVKZ;Z][]U[KWOW7NO>_=>Z][]U[K!54\=735%)*TZ154$
MM/(U+55-%4K'-&T;M3UM%+3UE).%8E)8I$EC:S*P8`^_=>Z!J/H#8\+I+%N+
MO.*6-@R21_)WY)HZ,.0R.O;(96!^A'NN@?/]I_S];Z$W:_5?73LE#N'<_P`@
M`6(6+)CY9?*A%N>`M8B=R*BC_FX``/[0^K>[J%X$M_O1_P`_6NA>7XT=;L`R
M[E^0+*P#*R_+7Y4D,"+@@CN:Q!'N_AKZM_O3?Y^O5Z[_`-EFZY_YZ3Y!?^E:
M?*K_`.W-[]X:_P!+_>F_S]>KU[_99NN?^>D^07_I6GRJ_P#MS>_>&O\`2_WI
MO\_7J]>_V6;KG_GI/D%_Z5I\JO\`[<WOWAK_`$O]Z;_/UZO7O]EFZY_YZ3Y!
M?^E:?*K_`.W-[]X:_P!+_>F_S]>KU[_99NN?^>D^07_I6GRJ_P#MS>_>&O\`
M2_WIO\_7J]>_V6;KG_GI/D%_Z5I\JO\`[<WOWAK_`$O]Z;_/UZO4S'?'7K_%
MY"AR=-N#O:6IQU92UU/'D?E'\FLOCY)Z2=*B)*[$Y;MRMQ64HWDC`EIZF&:G
MG2Z2(Z,5._#4?Q?M/^?KU>AV]WZUT1+Y]?'/LGOOKWJ_<72.0VW1=X?'3O#8
MGR"ZOH]XO4P[4W7FMD_Q*GK=D;@K*4F7'XW<F,RLB^=5NL\,:%X4=YD9FC9U
M!3XU-1_FZV#3HMF<V!\T?FKW'\9JCOWXY[9^*?2GQI[DV_\`(?,4U5W1M'N7
M>'9_:&PZ"N@V#0;5&PJ:FHL!M?%9'+U,M3+DVBJ*F%[^%&01NV5EF==:A44U
MXUJ1PX=;P.'1;>PO@U\L,UT7_,!Z'H>K]N92G[P^?TORPZLW;%V-M9:+=6SM
MZ=H;)SN;V[D\%DS0U6WLGM+;>REGG:JET5LU68($;Q:Y6VAE*.E/B?4,_/KU
M14'Y=#=\V_@5W%\FODIWGN/:L6(P&P>Q/Y:4OQVV[N^LS=!21+W1B_DICNW,
M+MW*XBF^[S]/MW(87#0QU5>E)+#'!(Z*6D`3W>:%Y)&(^$QT_.M>O`T'Y]!)
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M8V-FX8M_9[>_8VUJR/9D$N2I,I/D,9%!4>55H_MY5#LIELJS:GFTC60`!7]N
M>O8X>71>?F7\'_D1OOOCYA9W%?%7KKY68WY/["Z^VMT=W+O+L_9VU,U\/<AM
MS:,^W,C58W"[M`SM/'1[FG&=ADVNHFJS"L=4TYGFB6DL,C.YTA@P%#7X?]7'
M'7@13JSK=?1_8TG0'1W2<<QW=V`=F["Z4[9^0QKL92[OVQL*BV?2T/<F]L'F
M\S*-W2;G[)I<%/BJ!Z$2U-+E,W#D*@>*DE/M04;0$XM0`GY>?[>M>?1,>M?B
MM\K-C_,_&;FQV+W+@.N\!W+O'-/VW3=\5-7U-E?B-+LC*X+J_P"*V`^+XS/V
MF!S.QLA+C%7)G%TU-3R8^2NBJYYI4A1I8Y5EK^&O&N--,+3Y=;J*=73^U?5>
MO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7N@([^^1&P?C?A-A9_L*'<$U#V-V
MSL3IG;XV[CJ;)5";O[#JZJBP$F1CJLACEIL.DU(_W$RM(\:V*QO]/='D6,`M
MYD#]O6P*]#O[OUKKWOW7N@(^,_R(V#\K^D=D]_=7P[@I]B[]_O)_`X=U8ZFQ
M.>3^ZV[L]LO)_?X^CR&5IJ?5F-N5!BTSR:X2C'225%(Y%E0.O`];(ICH=_=^
MM=!1W%W?U?T%M?'[S[:W/_=/;65W7MK9%!DOX+N'.^?=&[\BF*V[C/L]M8G,
MU\7\1KW$?G>):>&^J61%Y]U=U058T%>O<>A7]VZ]T%'2':O^FWJ_;'9W^C?M
M?J/^\W\:_P",>]W[/_N#VAM_^"[ARVW_`/?S[3_B.6_A/\6_A/WU%_E$GGQU
M3!-Z?)I%4;6H:A'R.#U[I/\`;7R(V#TQO?HW8&[X=PRYWY![[JNN]AOAL=35
MM!#GZ/$2YJ5\_43Y"CDQ^/-'"0)(XZAB_&BW/O32*A53Q8T'6Z=2N_\`OS9/
MQRV%!OO>U-G\P,MNW:6P-H;0VA14.3WGOS?N^LU38#:NS=H8S)Y/"X^NSF6K
MJDLJSU=-#'!%++)(B1LP\[B-=1]:?,D]:`KT7+Y!?S%.GN@NT4Z2I>N_D!WY
MV]2;=I-W[IZZ^-O5=3VIN/8.U:_Q&BSV]8X<MAZ'$T=0DZ2!(YYZA8I(I'C6
M.:%I&WG1&T49F]`*TZV!7HQ'QU^1?5'RGZLPO<'3>?ESNTLO45V-GCKZ"JP^
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M;%!7Y*K3&8V,S5,[B.GA4H&D#R1J]I)$C`U<3P\R>O`5Z"U/YAWQBK>F=E]W
M[=W%O#>>`["W?E>O=H;0V7UQO?<O:V7W[MZFR==N?:"=8XW"R[NI\UMC&X:J
MJZ\34T<,-)$)Q(T4L+25\>,H'!)!-.!K7[.O4/0R;1^2_4'8,7253L'<4^\J
M3Y`X/<6Z^NJK"8RN*3;2VECJ:LW)NC/P5\-#6[;Q&%R&2H<74_>11SPY?(TU
M&\0FD*K<2(U-)KJX=>IT/?N_6NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7N
MO>_=>ZX22)$CRRND<4:-)))(P1(T0%G=W8A515%R3P![]U[JOGO;Y`3[DEJ]
MG[)K'@VVFNFRV8@.B;/L#:2GI)0!)#AP18LI#5(O?]HV='+-J[4^'JP'5:W=
MW4\6_P##G*8F&--VXB!C1."L?\5I$U2/BIW-E,A)+4[,;)(2I(5V(1NFH5''
MJPZKFEBEIY98)XI(9X9'BFAE1HY8I8V*212QN`\<D;@AE(!!%C[3];ZQ^_=>
MZ*?\G]G?=8S%;VI(KS8MDQ&7*@DG'U4K/CZAS<*J4M?(T?\`5C4K^![T>K*?
M+HE/OW5NKG_Y)6]!B?D%V7L>:1(Z?>75DF5@U,0TV5VAN/$?;4\:WTDG%[@K
MI"3R!%_B?:JT-'(]1U1^'6SI[7]-=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?
MNO=>]^Z]T)&R]ZOB7CQF4D:3&.P6&9B6>@8FP_J6I"?JO]CZC\@W5J8/#KW0
M\JP8!E(96`964@A@1<$$<$$>W>M==^_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW
M7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z]
M[]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[JJ7^;
M;_S*_P")W_C03XJ_^]#G/::Y^%?^:@ZVO^3JK[N+H+KOMBA_G8=N;]CW5G-Z
M]"]@9;/]-U2[[WEB\7UWN/"=;P;D@W%M_!8?-T&'&:J:ZE@2::>&<M3P+$H5
M2^M,R*_C,U:J<9X8ZM7AU(W'N#HW='R1V1N+^8YN[LB';>1^!?QOW+\2,SC\
MQV?BS7]@Y;9F-J.UMP[$K.O)()<CWH=Z92]&+35$OGA#(Q6D`\2AD!N"::!I
MX\:9X>?7O+'KT%OPH[;VO\?=B?R7^W.V-T5&Q.F8=G?S"=J[@W?6QY:7:E-N
M?*]I[[_N[C,U_"Z>L6.MKYI+4@ECN[!RG$<A743!%B=C1*-_AZ\<UZR5>X\?
MV=\%]ZY7)]GY_8^P]T?S6^X<S-F]][0WOF>E,SMRI-/6;<V)\F(\%G]L[WV-
MU5FZC)P&H8Q5$4%5`L$],DC1RP^J&A)K13*?L^P^8'7O/\ND!N^AV=O?X']H
MOFNO<#'L#HCYQ]0RTW8'3W8O;N^OC-6[8W168S']H9/I-=Y.=Q;9V-BJ2**"
MMA:>JI*>JJD:E>*9F+5(!@..U7&021\Z5\NO>?5HWQ[Z?Z4[@_F>?(G/-!7[
MLV)TEU%\(]]_'NAAWCO%=HX6:7K59MH[QI\/'FH*7<&1H<+00_93Y-*IDCJ9
MR07F=BHC1&N&/%0%I^SK1X=58[+W?L7=/P@_E=]9]U#`UFW-RT/R^W96;C^0
M79O8^T?CA45NW^[M]4=)CMWXKK7&G>79?8E/'H?!49S6+AHG"1J)C7%53@@P
MQJ_`ZN)-./RR3Z=;\ST+/Q0SF5RVPOY5V-R>9KLLFSOYB_R`V=B*>NDW(K;?
MP>)PE?-B]NTN.WA79+=6"Q^/@K;P4&0FDK*6*0)*2]R=Q$E8OE(>O'S^SJX+
MY\>7_9HOY7'\=T?Z.?\`9I=T_P`6^Z\_\/\`])7^BW-_Z(=?C_;_`(G_`!?[
M[[/5SY;V].OVKF_M(Z_#J_G3'51P/15MJ_(7JO\`E\?S!OGW7_+K*Y3KO;_R
M5J>J.SNE>VJ[:>ZL_M[>^V]G[5R.+SFQZ"NVYA<W619?9U9FDI5IF&EO`W$8
M>E^X;$BP3OXN`U"#UNE0*=`_\@.W-E]V;(^&G9?:_1&YOB[_`"\.V?D5WCEO
MD-B<6F6VNW8]+-L?%4?0G9/;]/UOB=L9;%[9[+W=3UWWJ51JA/1TE-4M5RJU
M,PH[JP1F73`6-?GZ$T]>MC^?1;.P,E01_#S^83B_CMN'?"?!['?)SXBXGXIY
MN3-;T2.AK*W<.UJ3O?&=<9_<U6^X4V/C-TBC7'>*7[=-;NA+O*31B/"D\.O@
MZEI_EIU[S%>/0P=E?"KX]XSY,?S(^J,?MW=U+UKU_P##+%_(/:.RAVMVI/A,
M;WA_=K<%53=I5<57O*HJ-P[NH*O#I+!/DY*U$>6:Z%9"/=FB022*`=(2O$\?
M7KU30=-?5?6FVOEWW;\>=H_(2HW5V!MZM_D3[(W]E,?/OC>.$7.;PQO=-9B,
M?GMQ2[=SF)FW%64L5>9P*YJA)*V&&ID5YH8W7RJ)74/4CP0?Y]>X</7I.?$_
M8&'V3@_Y+_R+P.5WJ.Y>[>S=^];]I;TRN_\`>F?J=W]?XJBWEM_!;+KL9G,[
MD,+3;;V]@L/3TE#24U-#%3Q1KI&I585C4`0R"NLD@_9UX^8Z!M<KL=>GUW,,
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MEIO$:FI:*-G6GIQ/+!!YYBNE-;HFHB[`<^UG5>M7/XB;SVIU[VY\+.M_AC\H
M?E/VCGLCVSV3M;Y*_&?N&B?#[:ZWZK7+[LSN_-U;FZKQV&;:_5FX\3NRM-7!
M6ID)ZO)5E9I,W+4JET3!61868FIJ#Y#SQY=7/SZLU[V^>/Q3R6V.L^P*NNW5
MMG:^Z-]=X=#[?^8-!USAYI?BWV5A,*N(S,[5^]\!E,EMZ?>T\+T%)44^/JZ"
MN^S?[H&F0GVH>:*@;-*D:J<#^?5:'HK?\O+HC87=WQ5[(7>6[-\X_:/4'S%[
M^[!Z(^8NR]P9_IWM+L7`92AEI]Q=VU6X997D7^\N(W!E,57U+1+CZO'0K$T"
MS4C3%N!`\9J30.2&X$_/K9X]![GNY-T?#*AZ\WAU=%U5T9L/L_IK>N7Z8W%\
MCL+V1N[&+TUTQ6XO)=1?'[#4^"S.%SF*[K^1E9O'*[^W#59&23(N^4CH/%45
M6*B4U+F*A6@4C%:\!P'VGB?]CK?'K8&ZIW;F-_=7=;;[W#MBNV1N#>NP=G;M
MSFS,F6.2VCF-Q[=QV8R>V,@62-C78"MK'I);JI\D1X'T]K5)90QP2.J=+J9&
MDBEC2:2G>2-T2>$1-+`S*56:(3Q3P&2,G4H='2XY4CCW;KW0`_Z&>QO^\M/D
M%_Z#?Q5_^YF]MZ&_B;_C/^;K?7O]#/8W_>6GR"_]!OXJ_P#W,WOVAOXF_P",
M_P";KW7O]#/8W_>6GR"_]!OXJ_\`W,WOVAOXF_XS_FZ]U[_0SV-_WEI\@O\`
MT&_BK_\`<S>_:&_B;_C/^;KW7O\`0SV-_P!Y:?(+_P!!OXJ__<S>_:&_B;_C
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MT5F*K:BAJ`/TL]/(R>2,_P!J*50&0_E2#[UTYT=+^6OO0['^:W1M<\I2DSN=
MRNRZN/C34#>6W,OM['Q,2"0$S5?2RBUB6C`^A(+L!I*.JM\/6Y9[-.F>O>_=
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M-311P4]/!&D,$$$*".&&&&,+'%%%&H554`*!8<>_=>ZR^_=>ZC5-%1UAIC64
ME-5FCJ8ZVD-3!%.:6LA5UBJZ8RHW@J8ED8+(MG4,;'D^_=>ZD^_=>Z!+O_H/
M9/R-V%!L3>U3G\.,3NW:6_\`:&[]H5M#C-Y[#W[L7-4V?VKO+:&3R>,S6/H<
MYB:ZF*JT])4PR02RQ21NDC*:.@D72?6OS!'7@:="_5XV@R,,4&2HZ3)102Q5
M$:5]+3U2+4P7\54L<L1B2H0DE6505)-K>[]>ZDSP054$U+50Q5--4Q205%//
M&DT$\$R&.:&:&0-'+%+&Q5E8$,#8\>_=>Z]!!!2P0TM+#%34U-%'!3T\$:0P
M000H(X8888PL<444:A550`H%AQ[]U[K+[]U[KWOW7NO>_=>ZB?84/WW\4^RI
M/XE]I]A_$?MX?OOL?-]Q]E]WH^X^T^X]?CU:-?JM?GW[KW4OW[KW0(4W06RH
M_D'D_DM7U>X<WV)4=9X_J7;]/EJS'R[:V)LZ#-U.X\W!L[%TF*HZFDR>\<S)
M!+E:RKJ:V>5**"&%H($:-Z:!XGB?BI3[.O5Q3H;_`'?KW4.+'8^"LJ\A!0T<
M-?7B%:ZNBI8(ZRM6F014ZU=2B":H$$8TH'8Z5X%A[]U[K)5TE)7TTU'74M/6
MTE0GCGI:N&.HIIT)!*303*\4B7'T8$>_=>ZZ:BHWHVQS4E,V/:F-$U"T$1HV
MHS%X#2-2E#`:8P'08].C1Q:WOW7NNIZ*CJ4@CJ:2EJ(Z6>GJ::.>"*5*>II'
M$E+40)(C+%/32*&C=;,A%P1[]U[J5[]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=
M>Z][]U[HH?S,^56VOBIUG2[AR22Y#<^[<G_=[:.$HI*<9"9UC27-Y](JAT1Z
M/;=#*LC7]#U4U/"Q43:@Q/,(4K^(\.M@5ZK+V5V7M3L_'/G]L9Z/,^5_+D8Y
MI&7+T=5.3)(F6I)V^[@J)'+'6X*RF[*S#GVA#!LCJW2S][Z]U[W[KW73*&!5
M@&5@596`(8$6((/!!'OW7NJ]^]^I#LO)'<>!IF_NKE9SY(8U+)@\A*2QI6M?
M10U+7,!/"F\9^B:D\B:34<.K#HNWMOKW1)?D]LW[/+8S>M)$13Y9%Q>690=*
MY*DB)H9G/^JJZ",I_3_)OZGWH]64^70#];[MFV!V)L+?=/Y?N-E;TVMNV#P.
M8Y_-MO.4.9B\,@YCEUT0TM^#S[VIHP/H>K'K?:@GAJ8(:FGD2:GJ(HYX)HV#
M1RPRH)(I(V'#)(C`@CZ@^SCI/UE]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=
M>]^Z]U[W[KW7)':-E=&*.C!T920RLI!5E(Y!!%Q[]U[HRVT-P+N#$QS2,OWU
M-IIZY!Q>4#T3A>+)4(-7'`;4!]/;RFHZUTJO=NO=>]^Z]U[W[KW7O?NO=>]^
MZ]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7
MO?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z
M]U[W[KW7O?NO=>]^Z]TB:[LG8.,WY@NKLCO#;]%V-NC"93<FW=E5.3IHMR9K
M`861(<OF,;BF<555C\=+(JS2HI5"0"?>M2AM->X]>Z]@NR=@[GWEOOKS;V\-
MOYG?76']V/\`2)M/'9.FJL]LO^^N*FSFTO[QXV)VJ<5_>/#T[U-'Y57SPH66
MX'OP922H.1QZ]TL9YX*6":JJIHJ:FIHI)ZBHGD2&"""%#)----(5CBBBC4LS
M,0%`N>/>^O=1,5E\5GL=29C!Y/'YG$Y"(5%!E,56TV1QU;`25$U)6T<DU-4Q
M%E(#(S"X]^!!R.'7NDSNGLG8.R,SLO;N[]X;?VWG>QLW+MO8>)S&3IJ&OW=G
MX:5JZ7#X"FG=),ED(Z-#*8HPS!`3:WO1900":$\.O=<^PNQ-C]4;0S&_NQMS
MXG9^SL"E*V6W!FJC[:AI&KZVFQE!!<*\L]7D,E60T]/#&KS3SRI'&K.P!\S!
M1J;`Z]T%_=/RO^-OQSFP=)WGW7U[U?7[EC\^"Q6[=P4F.S.2I!*T#Y"GPI+Y
M7^%PSJ8Y*IH5IHY!H9PW'NKRQQ_&0#UNA/0P;0WAM/L#;.%WIL7<N!WCM#<=
M#'DL!N?;&6H<Y@,SCY2RQUF,RV-GJ:&MIV9"NJ-V`92#R"/=@0PJIJ.M=*/W
MOKW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]TBL?V-L;*;\W%U?0[GQ<_86U,%@MS
MY_:'F:+.4&W-RS9"FP>>^SF2-ZK$5]7BJB$5$/DB2>)HW97]/O6H$Z?Q#KW2
MU][Z]T$>'^0'0^X=T1;'P'=G4><WI-6UF,AVAA^R-FY/=$N2QZU#U^/BV_19
MF?+25M"E)*9HA"9(A$Y8#2;4#H30$5^WKU#TJM^=B]?=6;>GW=V=OO9O7.TZ
M6>"FJ=S[\W/A-H;>IZFIU"FIY\UN"NQ^-BGJ"C:$:4,]C8&WNS,JBK$`?/KW
M3!6]X=*XWKZD[9R/;_5V/ZKR'V_V'9E;V!M.EZ^K?NIGIZ7[3><^6CVY4_<U
M$;1QZ*EM;J5%R+>]:TTZZC3ZUQU[I5R;UV="^THY=V[9BDW_`"M!L2.3/8M'
MWK.N#K-S-#M)6J@VY)5VWCJC(%:/S$4,$D_^:1G&ZC&>/#KW2F][Z]U[W[KW
M7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]UJ%?/WY%2_(KY#[GRN-KWJ=A;(EGV1L"
M))B]'+BL34R)DMP0*K>)WW/EQ+5++I$C4GV\;7\2V)KB7Q9"1\(P.G`*#HH>
MV]T;AV?EJ?.;8R];A<K2G]JLH9C&Q0D%H9XR&AJJ:72`\4JO$XX92/;()&1U
MOJQ7J'YAX7._:X+LY*?;V6;1##N6G5EP%<YLJG(Q7=\+,YMJDNU+>[$PJ`/;
MRR`X;K5.CM03P54,533315%//&DT$\$B30S12*'CEBEC+))&ZD$,"00>/;O6
MNLOOW7NF_+8K'YS&UN(RM-'68[(4\E+5TTH.F6*06-B"&1U-F5E(9&`(((!]
MZ(J*'KW59':77&0ZWW$^.E\M3AZWR5."R;J`*ND5@'@F90(Q74)<),HM>ZN`
M%=1[3,I4_+JW0!=@;4AWKM'-;>D"":LI6>@E>UH,E3$3T$NH@E4^XC57M8F-
MF%^?=>MC!ZJPG@FIIIJ:HC>&>GED@GBD!62*:)S')&ZGE71U((_!'O75^MX7
MXC;U'8?Q@Z$W<TPGJLGU5LR')S`DA\WB,+2X7.D%F=P/XSCIQ9F9A]"2>?9M
M&=48/RZ8.#T8GW?K77O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=8Y9
MHJ>*2>>6.&&%&DEFE=8XHHT!9Y))'*HB*HN22`![]U[H*,-\N^K=H=AX#:M+
MF&SJ[@S%#M_,9/%F-]O85*ZJ2FBR%7EG<052T<\JLQIA,@BUZG4BWNHF56`Z
MW3JQWVJZKU[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]
MU[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?
MNO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW5(WS,QO>.5_F
MC?$ND^/.Z.N]H=D-\9>[)*;,]H;<S6ZMJ)B$W!0'*T\V)P&6PN1>NGB*B&03
MA$()8'VCEU_4KX=`VD\>K#AGHE-=WA\G?BCN_P#G9=I[@W%U[G?D=MX?RZL)
M6[]V;M*OH.N-O2;WVAE=JXS>$.U-QU&XZE8-I[2S].TB5;54$V2AUO&T#F+V
MUKDB,S&GB=OV=;P:>G1C>PLQ\@^G^V<A\4JSYD[Y^16S/D3\,N\>S<ANO+X'
MK?\`OKU-N#9.W7RM%O7;>0P6"FQL/7?95*)<924%9'5P0F0M!,7`=G&\1&\/
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M_N$;6I>V.`Z49CG[/2OKU[YGCTD>U?EO\K>H.E/G]U+A?D)D]_[I^*/?7Q5V
M7UC\EJS;&SY=RY3`=VY+"ONG8NZ:6@Q46UMPY[KUH9:#(5!@2LEEJG\CH1$(
MZM+*B.@:I4BA^W_-UN@QTH-]-\TMO=W_`#CZ0H_GYW#)@NA_C5C_`)2[:W#/
ML#J(;HK]XR8/+9--IU5=3;4IZ7%]?&NPSF;&XZ&D$L;Q1J\:I/\`=;;Q@[IK
M-%6O`?ZJ=:Q3AUDVOWI\M_E7VETIU]COD_O#I#'[S_E$[/\`E5O&KZ[V?L"H
MJ,WVZ.TJS;%;FJ5LW@:JHV['F6DI7JH\?+3K]K3O30"`3M(FP\LC!=1%8JXI
MQKU[`_;TR?&CY$?,*5?Y7O>V_?D_N?L7%_,'>N[^K.R.I<OL?K_$;'HL+MN@
MW+BL+F<-/@<'0YV+=1J\`N0K*YJC75UDFD".D!I7U')+^F[,2')!&.O$#/22
M7Y7_`"V'Q'7^9D?E/EWW8.^QLX_"1MJ;$'7[;6'=W^CP])M0KAEWG_I(.V?]
MRYRHJ1D_L/\`']WW7Q9?"^HU9U?#Y<>'V];H*TZ$/MWLWYB;M?\`FG=D;5^8
M/8'6>`^%>]ZVOZHZ_P!L;*ZVK,77MAMEP;JGQ6ZLOF]M5V7RFW9H86@AH]81
M9IGFJ#4JL<*V9I3XC!B`AQ@=:QCHR6ZM^9^N^7/\GCNZ!(X][_([I+MW9':U
M%AHOMH-P[2R?2>T>X4@,*K45"XC9N^P<G$AU)&I8,R7U^W"Q\6)_-E-?V5_P
M]>\CU<Q4U,%'35%94R"&FI8):FHE8$K%!!&TLLA"@L0D:D\`GCVKZKUK$?%'
M:6<^*.^_@UO+/0?`/Y+8OY,=V=E=?4O9O276-)N+N7"[FW-G-Z[AKNR]N_('
M,4M#NS=M%MBIRDV*S`>@HJ?$XF..B5&9A4>RZ(&(H3H;42*@9\\U_P`/5SGU
MZ-Q_,TRF%[M[B_ER[$ZCK.H.SMX9_P"07;%5MZD[/R]%NKXRUDW6NQ:>7>V#
M[1H<'_%7R>\Z0Y&"#`T<0%7'D&FC`#L%9VX[WC"T)U'CPP//_)UH>?0`_"OX
MK9#OCI+LW:>*S?7NQ.X?C#_,:^1&Y<MCJS8M#W3\1LAO//[0&T<WMK875]?D
M]K"#KK`[;W-&^#IYZE<C@\G&U0?5.8XZ0Q:T(P'60^55_(>GIUXFG[.EGU#V
MBOQ7KNN<%LGKC>_RBH.H^B>UL;THU-N#9O75)C_C_P!3[KPH^2?R2ISO/*IB
MIJWL_LROAQ6T,)C9:E3LW;M#)3U24^0FDEVK>'0`%@`:<!@<3^9X#T`Z]QZO
M>ZXWYM_M3KS8?9^TWJY-K=C[,VOOS;4E?3&BKI-O[OP=#N'#/6T;,[4E6^.R
M,9DB+$QO=;FWM:K!E##@17JO2OF:1(I6AC$TRQNT432>)99`I*1M+I?QAV`!
M:QM>]C[WU[H`?[]?(C_O'_:G_H\J7_[77MNLG\(_;_L=;QU[^_7R(_[Q_P!J
M?^CRI?\`[77OU9/X1^W_`&.O8Z]_?KY$?]X_[4_]'E2__:Z]^K)_"/V_['7L
M=>_OU\B/^\?]J?\`H\J7_P"UU[]63^$?M_V.O8Z*;\W/DKWIT[\<-_YJOZAV
MYM:NW/0OL#;N9HNX8,K7T6<W92U=&M704,>QL>\M9CL7'55<9$RZ&I]7-K%J
M>1TB)H!7''_8ZV`">M42GKMQ23Q)4;?I:>!I%6:=,XD[11DV:181CXS*5'.G
M4+_U]E'5^E![]U[KWOW7NAQZH[_WWU/-%38^J_C6V3)JJ=KY665Z'2S7E?&3
MC7-B*EKDZHP8F8WDCDM;W=7*_9U[JS[JSO/8G;%*JX2N^PSR1>2MVSDVCARL
M&A;RR4H#>+)T:?7RPEM*V\BH3I]OJX;AQZUT,?NW6ND=OO9.)W_MVKP&673Y
M/WZ"M1`T^-R$:.M/6P7(OHUE72X$D;,I(O<590PH>M]5?;IVSEMGYRNV_FH#
M!6T,I4L`QAJ86Y@K*5V5?+2U,?J1K#^A`8$!,00:'K?5;7R*V=_=[>IS=-%H
MQNZXWKP54A(\K"4CRD5[F[3,Z5!/%VF8`<>Z]7'#K91_E![U_O7\,\!AGG>:
M7KO?6^-FN)`-425-?!OBGC#?KDB2#>:A"WZ0-`]*@`QMC6*GH>FW^+JT'VHZ
MIU[W[KW7O?NO=>]^Z]U[W[KW7O?NO=8:BIIZ.":JJYX:6EIXWFJ*FHE2"""*
M,%GEFFE98XHT47+,0`/?NO=%,['^7^P]JM/CMH0OOC,1ZT^YI9OM=N4\HNH+
M91DDDR.DD,/M8WB<<>93[9:91PR>MTZ('V)W5V'V?,XW+G)4Q9DUP[>Q>N@P
M<%FU)>C21FK)(SRLE2\TJWX8#CVPSLW'AUNG04^Z=;ZV1OBMV<W;'1VRMR5=
M0:G.4-$=L[ED=M4[YS;X2AGJJDZW_P`HRM(L-:WT_P"!(X'T!G"^N,'SZH>/
M1A_;O6NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>
M_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[
MKWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7N@^R/577>7[(VYV_DMI8F
ML[,VCM_,;4VUO*:.4YC#[=S\J3YG$T<@E$2TF0EB5I`4))'!'NNE2VNG<.O=
M,$_Q_P"E*S,=PYZOZQVAE,G\@<;MK#]URY?$P9:G[,Q6SL%4;9VSCMV8_)"J
MQV2H\/@*N2EBC:(+XG(8$\^]:$J305;C\^O5Z#OH_P"$_P`4?C=-NFJZ3Z)V
M%L2MWK05&(W1D*/'393)9?!U<J3U>WILEGZG+5T.VJJ>)'EQL4D=#(\:%HB4
M0C20Q1_`H%>MU)Z3&:_EY_"C<'65/TYE/C?UM)UK1;KR>^,;M>EQM5C8,/NK
M-4U%19C+X/(8RMH\O@Y<I1XVGBJ(Z2HAAFC@C5D*HH&C!"5T:1IKUZIZ%#"_
M%SX];<PO4.W<!U'LW#8/H3+U>X.G\7C,<:.DV'G:]:I<CF<-'!*E\IDFKIY*
MF>;RRU$TSRR,TCLQL(XP``!1>'RZ]4])#Y:?'.L^0NT=@2[5S^/V?VMTMVYL
M7NWJ/=N5H)\AB<=N_960<U&'W!24<M/7UFUMV;=KJW'5T,4@-ITFTNT*(:RQ
M^(!3#`@CKP-.I/??PM^+7RBR&!S??O2.RNQ<]MNE^RQ.<R<-=19RDH#.U7_"
M7SN#K,/E<AA8JN222.DJ))*9))9&6-6D?5MXHY/C`)Z\"1PZ>MZ?$KXT=A=0
M87H+>'2/7F8Z=VTE.-L;!.WJ2@PNUYJ6.JAAKML?PP459MS*B.OJ`:RBE@JG
M^XFU2'RR:O&*-DT$#1Z=>J>/31@OA=\5=L]/R]!8#HS86*ZAJ<YC-SU^R:3&
MRQT&7W+AJS'5^,W#G*W[@Y?.YRCJL12E:NLJ)Z@K31(7*(JCPBC":`HT]>J>
M/0BY'HGJ'+;I[`WKD=@X&KW7VIL:/K3L/.2Q3FNW9L.&GJJ2+;&5<3A),8E/
M6RH%54:SGGW;0A)-,D4/V=:KTS;4^-/1&QLWA=R;1ZPVS@<[MSIZG^/^#R=#
M!4I4XWIFES'\?I^O*9GJ75=OQ9G_`"@(09/)_;MQ[T(T4U`S2GY>G7JGJ/AO
MB_\`'_;^%ZAV[A>J]K8["="9BNW!T[C:>"I%/U]FLDU:U?D<`K53-#4539&<
ML7,@_=/'OPC0```47A\NMU/0??[(/\-/],W^S!_[+EUC_I>_C']Y/[W?P(?\
M?1][_$_[V?P#S?W8_O=_%/\`*OXK]E_$/NOWO-Y?7[KX,6O7I&K_`%?SZ]4\
M.A1F^.G2$^.[BQ,W6VW),;\@:BIJ^YZ-H:CP]B5-7C/X-4S;A`J+S/-B_P!@
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MPTT23PR"-`--%&X`8`@<.MU/1AZ"@H<50T6+Q=%28W&XVDIJ#'8Z@IH:.AH*
M&CA2GI**BI*=(Z>EI*6GC5(XT541%"J``![<X8'#K74OW[KW7O?NO=>]^Z]U
M[W[KW7O?NO=4"_SJ.QY9,QTMU'35!6&DQN=['S5('!$\N1JCMG;-0T8-U-*F
M+RZJ2/5YB!]#[+KYLJGY_P"K^?5UZHJ]H.K=>]^Z]U[W[KW7O?NO=2*2LJ\?
M54];055115M+*D]+5TD\E-54T\;!HYJ>HA9)898V%U92"#]/?NO='HZA^8]?
MC?M<%VK'+E*`:(8=VT,(;*4J<*K9BAB"KDHD'ZIH0M0`"2DS&_MU9?)NM4ZL
M+P6?PFY\739K;V4HLQBJQ-=/74$Z5$#_`$U(60DQS1DV>-@KHW#`'CV\"#D=
M:Z#'N7JRG[&P?EHUB@W/B8I),15,%45<?+R8FJDX_8J&YC8_YJ4W_27!JZZA
M\^M]5`]Y;$J=R[,S>*DHY(L_M^67(T=-+&4JHZ_&"5*V@:-E\BRU%-Y8M''[
MNF_T]ICU8<>CS?R,]YF3$?(+KR>8**+([&WGC*<R@F0Y.FS^#SDRPD!E$/\`
M"<<K,"0?(`;6&I9:'XEZT_KU?Q[6=-]>]^Z]U[W[KW7O?NO=1:ZNHL925%?D
MJREQ]#21F:JK:ZHAI*2FB7]4M14SO'##&M^69@![]PX]>Z*)V3\Q-E[;$^/V
M+3'>>74,@KR9:/;E+)8C4:AE6LRA1N=,*I$X^DP]LM,H^')ZW3H@N_\`N#L'
MLN9SNK<%3/0>7RPX.C)H<'3$$&/QXZ`B.9X;>F2<RS#_`%9N?:=G9N/5N@S]
MUZ]U[W[KW7O?NO=6O?RQ][LM5V9UO43`I+3XS>^*@O8HT$BX'<$Q!)U"45.,
M6XMIT<WN+++5N*_GU5NK;_:SJO7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW
M7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^
MZ]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7
MO?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z
M]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O
M?NO=>]^Z]U[W[KW7O?NO=>]^Z]U4/\P>D.J^YNW<UE=X[>EKLMB<9B-NTN8I
M,QEJ"KAHZ2C%9X%BI*R.A=8*[(SD>2*0W)_K;V@G17D)/'JPX=$&W#_+]V'6
M%GVQOC=&"9M1T9:DQFXJ>,D>D1I3KM^HT*?PTKL?Z^TY@7R)ZM7H"=P_`?M+
M'ZI-O;BVCN.%398I9\AA,@X_#""HHZJ@`XYO5`@VM?FU#`WE3KU>@*W'\:>]
M-K^5LCUMN"JBB))GP,=/N6,Q@_YT#;]1DI$CT^HZU4J/U`6-J&-QY=;KT#61
MQ>3Q%2]'EL=78NLC_729&DJ**I3_`(/!4QQ2K_L1[IPZ]U!]^Z]U[W[KW0@]
M?=H;UZPRG\3VEEY:,2.C5V,G!J</E$3CQY#'LPCE.FZB12D\8)T.IY][#%>'
M7NK-.H?E#LOLC[7#YIHMH[NET1+CZZH7^%Y2<V4##Y*70AEE<^FFFT37(5/+
M8M[?60-@\>M4ZA?(3J,YNFFWUMRFOF**#5GJ&%/7E*&GC`6OA5`2]?0Q(`X^
MLL`%B&C"OJ1*]PX]>'12_P"6D_\`HI^>>=VB@\.$[7ZRW;#@X2&$35%)68K>
M0CA*J0),;'MNOA52>(6N>2OO=L:2T]1U9LKULL^S#IKKWOW7NH60R6/Q%%49
M'*UU'C<?21F6JKJ^IAI*2GC'UDGJ*AXX8D']6('OU:9/#KW1.>R?F5M7`M/C
M>OL>=VY)"T9R]9YZ';L$@N-42VCR.5TN+$**>-ARDK#VRTP&%SUNG1"M^]J[
M\[*J_N=VY^JKJ=)#)2XF$_:86A/(7[7&0:*82*AT^5P\[#]3M[3L[-QZMT'G
MNO7NO>_=>Z][]U[KWOW7NO>_=>Z-[\%=R-M[Y*[)A9Q'3;CI-P[;JR7":EJ\
M)6UM$GJ*JYDRV.IE`O<WXN;`O6YI*/GUH\.MA#V9=4Z][]U[KWOW7NO>_=>Z
M][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW
M7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[HIOR^^6>"^(>S
MNM]TYCKS??:.1[6[GV?T5LW9W74>"EW'D][[ZQ>YLCMVGBCW#E\)0-%6S[::
ME4";69ZB+C3J96I91$`2":FF.M@5Z"OJG^81M?L+L+<W2N\.C.].B.],3USF
M.T=K=8=RX#;V!JNS]L8:.I-5)U[N'#[DSV$S-73U%,8IXG>%HB)&`=8*@Q56
M<,V@AE>E:'S^SKU.C7]0]GMV9L+9.ZLYMJKZWW3N_;\>?J.M=Q9?#UVZ=OQO
M45-.U/6_PJIFIJOQM3$F6`M%^+W!]NHVI02*$^76NEED=Y[/Q&-JLSEMU[:Q
M>(H:\8NMRN1SN+HL;1Y-GCC7'55=4U45+3U[22JHA=A(2P%KD>]U`XGKW4^N
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MJJ)]RUV!CBS@FC!IHJ280R%:A70>20N1VD`K7^?#_+UXCHTF&W-MS<39)-O[
M@PF=?#USXS+IALK09-L5DHA>3'Y):*><T-=&#=HI=,@_(]N`@\.M=%U[E^6W
M6O3FY>E-K5(J-Y9#NKO?`_'VB.SLE@,DFSMY9^@R&1@FWA')E(9\?24L&/;R
MQ(LE4"RVB(N?='E5"!Q):G6Z=*7Y(_(3;_QPV)A]UY;"93=VX-Y[_P!E=4=;
M;#P4U)3YS?O9'8.73$[;VSC*G(/'0TA9%J*RIGE;13T-'/+9B@1MR2"-:G))
MH!ZD]>`KT6OO;^89B.L>Y\G\>.IN@>Z?E%V_M';F*W=V=M[IS%XN;%=:8/-Q
M0U&(BW)G\W6T,']X,O1U,5124,43&:"16,B-Z/;;SA7T*K,PXT\NO`>?0]?&
M[Y:=0_)[I<=X[+R&0VSMK'9/,[=WMB>PJ:GVIN'K?=NVF@7<>UM\4U35RT.(
MRN'%5"\A%1)"8IHW5R&XO'*DB:Q@?/R^WKQ%,=&`@W)MVIP]+N&FSV%J,!71
MP346<@RE#+AZR*J8)32TN3CG:BJ(ZAV`1D<AR;"_N]12OEUKIK?L#8<=+DJZ
M3>VT4HL/F$V[EZQ]R89:7%;@DDCA3!9*H:M$5#F'FE5!2RE9RS`:;D>_:E]1
MU[IPS.Z=L;=CJIMP;CP."AH*),G72YG+X_&1T>-DJTH(\A5/6U$"T]$]=*L(
ME<B,RL$!U$#WXD#CU[KG3;FVW69),-1[@PE7F)<9#FH\3396@GR4F&J2%I\L
ME#%4-5/C)V8!)PGB8GAC[]4=>ZX?WIVQ_>'^Z7]X\#_>O['^)_W9_B^/_O#_
M``V^G^(?P7[C^)?8ZN/+X_'?\^_5%:5SU[K#7[QVCBI8X,INK;>-GFR<.%AA
MK\YC*.67,U"ZZ?$QQU%5&[Y.=.4@`,K#D*??JCKW00K\A,!2_)B7XQ9[!Y/!
M;GRO5<7;77VXZFHI)MO[_P`'C\Y)M[>F'QA4QU-%N;9==+1S5%(ZN9J&M2H0
MZ4D"UUCQ/#/&E1\^MTQ7H?Y)(XHWEE=(HHD:2221@D<<:`L[N[$*B(HN2>`/
M=^M=5]]3?S)ND>Y^S-M;#V?L/OZ/:6_LYN;;?6/?^9ZJK*#X_=FYG:;UD.4I
M=G[^CRE55/'+5T$M/2S5^/H8*NH3Q1.SE5+"W".P`#4/`TP?SZW3H;?DS\K.
MOOBYB-E5.[-O]B;^W9V7NG^YO6W5W4>UEWEV3OS/14,V4R%/M[!3Y+#4+4^(
MQ<#5%5/4UE-#$FD:B[HC7DE6,"M22<`<3UX"O0*4?\R3HW-=5[1[%VKL[NW>
M.Z-Y]H;KZ6QO06V^O(ZGOVA[3V!B<EN'L'9F;V36YV@Q6*R.Q=NXN6ORDLF3
M^T@IBA$KNZH:?4(5#`,232E,U'']G7J=#;UY\L.J>V8NBI^MSN/=L/?NUMT;
MWV\U#BJ>DEVAM#9<<-)N7<'8E'E\CCJ[;U)C=WUU)MTQ0Q5E5)FZM(TB:"*I
MJ(+K(K:=.=0K_P`7_@^WKU.C,>W.M=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW58
M/9-0U3V#O61[W7<^:IQ=BWII,A/2IR?QHA%A^/I[0O\`&?MZL.D3[KUOKWOW
M7NO>_=>Z@9+$XK,TS4>7QF/RM(X(>ER5'35U,P868-!51RQ,".#<>]$`\>O=
M`ON+XR=$;FU-7=;X&CD8&TNWUJMLLC?ZL1[?J,=3NP//K1@?R#[J8T/EUZO0
M$[A^`G65>&?;NY]W;>G;59*J3&YR@2YNNB!Z3'UOIO8ZJEKBWT-R:&!?*O6Z
M]`5N'^7_`-@40D?;.]-JYY$8Z(\G!D]OU4L8_3HCBBSE*LI/]EIU4#^U_6A@
M;R(Z]7H"MP_%;OK;?E>IZ]R>3@BY6?;U3C]P>9?]5%28JKJ<E]?PT"M_A:Q]
MMF-QY=;J.A`ZX^1O9O4%12[;[(PF?RNWH],24>?I*S&[GQ4"D)_N.JLG%#)6
M0PJ.*>HN.`J21+[VKLN&X=:IT)6*Q6SW[_\`C[\B.IJZ*NPF'[7P&)W/CZ-5
M@R6TZ+L>8[(W"F1Q[Z:B@Q+TV>-0208D6"58BRO&/=TH)%=>%?\`#UORIU?;
ME\SB<!CY\KG,G0XC&TJZJBNR-5#1TL0_`>>=TC#,>%%[L>`"?9@2!D\.F^B9
M=D?,_;N*6HQW7&,?<>0&N,9S+1ST.!A8<"2GH[PY3)V((LWVB_0AG''MEI@,
M+GK=.B%[W[)WMV)7??;NW!794J[-34;.(,70AO[-#C*<145-Z;`LJ>1P!K9C
MS[89F;CU;I#^Z]>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z&+X\5[XSOC
MINK1UC'^DS95++([F-$IZ_<-!053.X9=*BFJ7O<Z;?7BX]WB-)%^T=:/#K9K
M]FO5.O>_=>Z][]U[KWOW7NO>_=>Z*7\O?E51_%;:&P,A1[`S7:_8G<':6V.F
M.I.ML)F\+MB7=G8.[8LA/B:/);IW`XQ.V<*$QKK-6RI,(Y)(U\9#%E:ED\,#
M%6)H!\^M@5Z`?;_SY["P^!^2E)\@?B=O/HWM'X[=![O^1:[27?\`@>QMA=D[
M$VKB,QD&AVGV[MW"46(BS<E9C$IJBDJ*`34AJ`^F4)(%H)F`;6I#*M>-01]O
M7J>G1E/C[\K^G/D'M+K3(;>WYU]1]C;_`.IM@]L9+IFE[#VMG^Q-F8W?6T</
MNQ*'-;?H:N'.JF+AS"Q/4R4-/'(5UZ5#`!Q)4<"A&H@&E<YZ\13H1*7O3I&N
M["J.I*+N/JNL[6H_+]WUE2]A;2J.PJ7P1F6;[C9<67?<D'AB4LVJF&E1<\>[
M:TU::C5Z5SUKJ!EOD3\?L!FX-LYWO3IS"[DJMR5.S:7;^6[.V5C<W4[OHQ`U
M7M2#$UF;AKYMR4HJHC)0K&:I!(NI!J%]&1`:%A6OKUZAZE[V[ZZ,ZTJ:ZB[&
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MP]E;,PNYL1AI!`8\ME,#DLU393'XQQ51$3RQ)$?(MF]0OXR(#0L`?MZ]0]3>
MX>X]A]&=2[X[L[`ROV6P>O\`:U;NW-9"B6.LGJ<?2PB2FI<1#YHHLAD\S4RQ
M4U%$)%%14SQH&&J_O;.J*7;X0.O=5M[(_F;]I/ENH=Q=Z?!;M;HOX_=^[FV]
MM;JGNVI["V?ORH:NW@CS[2K.R^M,#CZ+<W5^)S%(!,9ZR6<1Q7<"2-6<)Q<-
M4%T(1C@UKQ]1Y=6I^WJRFN[IZ<Q?8-%U+DNV>L\=VIDXHY\;UG7;[VM2=@Y"
M":$5,,U%LRHRL>XZN*6G82*T=,P9#J''/M1K35IJ-7I7/5>F;<OR-^/>S,C)
MB-X][]-;3RT6<_NQ+B]R]H;(P61BW*8H9QMZ2BRF<I:E,X8*F-_M"HJ-$BG1
M9A?1DC7!8#\^O4/0>/\`,7I6/Y;I\+Y,O*G;DG4$'<$=8^0VFNU'I*G<$>%I
MM@I4-N<;F;LZHQDJYQ,4,5I?`,*P3%"%]Z\5/%\+\5*_['V_Y.MTQ7H6-I]W
M]+[]S>YMM;&[>ZOWGN/90G;>6W]I[_VIN+-[26FE$%2VYL5A\M65^!%/,P1S
M51Q:&-C8^[!T8T!!(^?6NINS.WNI^QJZNQ?7O9_7F_,EC,9C<UDL=LS>NVMT
M5V/PV:FK:?#Y:NI,)DZZHI,9EJC&U*4T\BK%.]/(J,Q1@/!U;X2#U[H0_=NO
M=>]^Z]U4K_-SKY=O;.^#V^I,+N;-8'K+^8_\:>R]Y#:>VLWNS*XO9FR\7V5F
M-Q9D87;U#D,I4Q4-'#^F.)F>1TC4%W4%+=8"-Y"0'_#U9?\`)T6/L7<.2^=7
MR^VAWQU!UKVQANEOBW\6/DY0YCLK?_7&Z>NH.Q]]=N=:[EV9B^O]HXO=.,Q^
M=W"<!'D?O9"(%6*=9`0NJ!JAMB9I0Z`Z%4YI2I(X=>X#H#/[M=D_'#X<_P`K
MSYS;%ZWW3N'L7XZ;,W)U7V9U_0X#*'<F<ZX[>PNZL50C-8=8X\I)2;+WH*:>
M*`1:TDR;3'B.XI1HXHY@"644(^1ZWQ)'0']L_$_.?'[!?`Y/D161T'3L_3_:
M&^.Y=U[^^/W87R<V)@_EAVUF?[V[EG[+ZUZ^W9LW)ON*MP68H\!B<K+-.(Y,
M/<0$J\\56B*!/$^&AK4$C4?4#]G7JUK3H;=L?&*EW5@?Y0'56^\3V7W#TTO;
M/RBKI:7M;J;-]:56,ZVK=M1YC9VW-T;,FW]V5D<#LE:ZD$.*@RN6!K,0886@
M$#"-K".HB5JE*GB*8_:>O5X]`=\RNJ-N;&^0GR6EVSUO%N_=M9NGJW']=_&O
MNGXP=GY_<.^\!LO%X#$[2G^'WR:^/F8I]X[%VI2XRACBAQM/D,(:,TGVU:'5
M"BUE4!VH*G%`0?+^$CKPX=#U\D.I,WV%7?SR\EN_J++5V6K>MO@#NS8&-K\+
M7[IEI=_;>^/V5QN1EV=F#25']X\]M.HRM312UE&TLJM(^H@N;WD4L9JCR6G[
M.O#RZ=^P^CNSL'W+N7:WQMV+G-FY;_AA*?:^R8]G8/(8.&+?V6[_`%W-GMI[
M>K:*EAAH=_[@CK:Z2"".2.M^\JA*-#'R#Q1@](Q0^!_.O^'KWV^O0)_"SI^6
MOR&X:SXG[VW5A.WL%\$^UMA;QVGLCX==A?'O;=#V=ENOZG';'V_W-VIV'W?F
M,?NGN7:_9[T=52UV,PU::\Q32^6.%)'IJ1+6OADA]!_"1FGF2>->O'Y^O2.Z
M@VC\<)LI_*CP_2'Q\[0VI\A^L/D'U1C/EON:MZC[+V[#A]V45'$-X4O8N[,W
MAJ3;^;RF2W=%/D,2$FJFQ>+$T9:E5S"^E$?Z012'##5@_P`^O9SZ=75_/J.H
MH_E!_*YW%FK?Z.J+Y3;EV_F#/$9*,=B[LZSS%%U(9#XBB5AS%)6K3$R*1*UP
MK$>E7/\`VD9/PZOYTQU4<#T67']S8_\`ES_.OYP[E^0NQ>TYNL?EADNKNR>G
MNVMD[!SN_<1FJ[:.VLGA\YUKDI=O05M3C,_C,IG6AH*:?0J4\7ED,4533O(W
MJ\"9RX.EJ$&E?RZWQ&.@U^1V]MY]\[6^$/R!^5?Q6W=UO\-:?OKNK=/>G3V.
MP6Z-Z9S^ZE9L>AQ_QY[9[LV+M;;D.;HZ1=S4^2J<E1M35D*4<M,K/*U7'$:R
M%G"/(I$6HU''["1UX8P./17-_P#751N?XF?S#*GH#K/L/`?#7LCY-?$C*?&+
M8TVT-[[::N:CS>UH.]]Y[$VAEZ&@W-B-D[AS:T<U+-%3P1114S(HB:FD2-ME
MK%)H!\(LM/\`+3K?F*\>AZ[(^`_0-/\`*'^8CMK%?'#%0]=[?^#.-WAU=AJ#
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MVJRE!/1=<T^8I<CUS$`L;UE7G:6%9YZ&-I*Q84IYFDB7Q^W&B#>,S"K5Q^SR
MZ]7AT;O,G<.;^27\CJG1\A)V3BNENW]U=A5>3BJI,Q0[/J?C5LG%;GEW4]3%
M-51OF]T5,=*GW*ZSDB#JCD4N'C4R0_Q4-?V#K7D>KCNP,!6[KV'O;:V-K/X=
MD=R[1W)@*#(7<?85N8PU;CJ6LO$\<@^UGJ5?TLK>G@@\^U3"JD>HZKUJX_!G
M;NX>ONQ?@MUKTSD_E;B?D]LC>VX]K_.7K3L+_2M3=/[/Z6P:9^GKH,AC\[2Q
M=70XPZJ1]I-B)IO+42I+/IJWBU%T`*LBIJ\0'N!K2G^#[.KG^71^/DQWUM_/
M]V_`/YQR;0[?PG07QN[D^6757<<^6ZTW+5YO:U9OWK2/KO;N_J[:FUXMR9RH
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MVM4DJ"PHQ&>J]+J:,RQ2Q"22$R1O&)H2JRQ%U*B2(NKJ)$O=201<?0^[=>Z`
M'_01E_\`O(3Y!?\`H2;&_P#M=^V]!_B;^7^;K=>O?Z",O_WD)\@O_0DV-_\`
M:[]^T'^)OY?YNO5Z]_H(R_\`WD)\@O\`T)-C?_:[]^T'^)OY?YNO5Z]_H(R_
M_>0GR"_]"38W_P!KOW[0?XF_E_FZ]7JM3>G4.2I-X[LI3W-W%4&FW-G:<SRY
MK:GEG,.4JHS-)IV:!Y)"NHVXN?:-E[CD\>K=+.GB-/3P0&::H,,,41J*AE:H
MG,:*AFG9$C1II2-3$*H+$V`^GOW7NLWOW7NO>_=>Z][]U[KWOW7NN+ND2/)(
MZQQQJSR2.P1$1`69W9B%5547)/`'OW7N@?W5\A>BMD&1-T]N]=XBIA)$F/EW
M9AI\J+!B;8BDJZC*,!I()$)`-A]2`:EU'$CKW1:]U?S*/BOMS6N.W-N7>DL:
MR:HMJ[1RBWDC^D25&Z!MFCE:0_I996C/Y8#W0S(.O4/19-Z?S9=K5$%10[5Z
M1R&<IIUT>3>FY,=CH+7%_N,/CL3GXZI66XT_=):][GZ&AG'D.MTZ2VW^SNS]
MV[5W-WYF.K>I^EMD[5V[FMR8:3:VU\EB]Y[YDI*&2IQN-EJ7S,=#+@LM6I%$
M]3-1**I'TQ+9A-'JI(UT`'7O.G3_`+!^6&:^4%$<EO#/54^\\/$AR^WI9O%C
M:(2$1_Q+;V/B$=)#BJI[`A$$D3G1*6NDDF_$,F3QZV13[.A"]^ZUU[W[KW7O
M?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW33F6SBT@.WXL5-7^9`R9FHK*:D^W
MTOY")**EJYO,&TZ1HTD7N?I[]U[IYZE/;T_:O64.-Q?7DV1F[!V9%00SYK<J
M02ULFX\:E+%,\>`DD2*2<J&*JS`'@$^]IJUCAQ'7NMDC[SY5?\\[\??_`$,^
MQO\`[`_9G^KZ+^T_YNJ8Z]]Y\JO^>=^/O_H9]C?_`&!^_?J^B_M/^;KV.O?>
M?*K_`)YWX^_^AGV-_P#8'[]^KZ+^T_YNO8ZF8ZK^339"A&6P'1,>*-93#)R8
M[=W8$^0CQYG05CT,-3LBGIIJQ:;48EDD1&>P9@+D;'B>86GVG_-U['0[>[]:
MZKF_F;;3Q>\>B=KXW=GQ8W-\L.NX.U-K5G8.TNN<CG:3MW8.W8Z7+0S]J]68
MW;CTN8W+NC;(G:`8Z"JIC4Q5Q$C_`&PG*L7`!0`J66N:<1\QUL<>JKNL.N^Y
M:G:7SJVE\=:'YR;A^'N>^!'>VWL'LKY:[>W)+N?)?(O/;6S..VKMKX];>S.-
MI]\9;&G`+)221PTSI+6S-!)YIC1,$RJ]'":_"T'XO7Y=6^WC7H5-D?$3(];Y
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M#JTLB1SB+1`/BKH+.6-#3_+Y=>]/3H;]YP;"ZZ^=W;U#\GOC/O?Y@93`_`7X
M^['S$>S.K4[JRE)V!-@:;%Y2NFQACKJ[!3[[RV.EI(-P0PLU'42*C2Q"I):Y
MHLQ\12YT#RKG_5Y]>\L>O2Z^.?QJ^2/7.3_E3XCL;KSL&MRO6GQ@^;.+W_E4
MV[F<QC>OI>P<=F,IUCL?=F;H*>MQ>W\W'M[)T6*I:&IGCF:>E-/&A>,H+1QR
M*8@P-0K5^5>'6B1GI$]7?#/-;'^'7\I'<6`^,&X]L]_[<^?W2>Y.\<Q0]19O
M'=N;<Z[??O:$V[\QVA6+@H]WX+8D&+H<,:R7*-#C8*9*765C,=ZK$5BB(7OU
MBN,TJ>/RZW7)]*=%L^8FPHNN.A/YD^S>V_B!O??W<>Y_E'NKM[9WS&AV;B,S
MUWA>N\YOW9L^VQ+W14U?W6SL[@\153XL[2HV>5Y,G]N8M#5!C;E72D@9"7+5
MU4Q2OK_DZ\/+K8*^</Q]W?\`*#^7CV7T7L70-[[MZQV)6;8HYZJGQZY//['S
M>S]^X[`25E:T=)1?Q^KVLM"9)FCBC-1=W106"Z9#)`4'$C_9ZJ#0UZ+AU;\\
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M"NJ-/>&WB`Z34Q4K3@WS].O5Q^?0,_!+XYYFC[$^.T0ZJ^3W7_9_0G3O;."[
M+%?\4^O^G.N:+(YWK[([;S&T]X]LT='B]S]\#>&?JC6;?<_QBL65UJU,(:>9
M*0QG4N&#*#7M`'#U\_EULGJV;^41T)1=(_!WI:+-]/)U3V[G<)GYNT$SNQ7V
M9V3E<BF_=W38H;Y_BF,Q^Z:J6EQ-1#]G'77$-(T8A"Q:1[56J:(144?SQGCY
M]58YZL\]J.M=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?
MNO=>]^Z]U[W[KW03=U]*;"[_`-AU/7G8E#6U.&?,;>W+C,AA\C48;<6VMT[2
MS-'N#;.Z-LYRC(K,-GL)EZ&.6&>,_35&X:-W1JNBNNEN'7N'0L*"%4%BY``+
M-I#,0+%FTJJW/U-@!_A[MU[KOW[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W
M[KW02472>PZ/NS._(-Z.OR'9V:Z_P_5T&6R60FJJ3;NQ<3F*S<4N!VQC2$I<
M1!G<_5BLR,@#S5<T$&I@D2**Z%UZ_P`5*?EU[Y="W[MU[KWOW7NO>_=>Z][]
MU[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NJT>VZ(T'9.\("NDR9>
M6MMITW&2BBR*M;2OZQ57O^;WN?K[12"CG[>K#AT`VY^Q^O=DJS;SWWLW:00`
ML=R[GPN"MJ4.O&3K:4W=6!`_((M]?;9('$];Z+;NKY\_%+:GDCF[3H\[5(TB
MK2[5PV?W!Y3%PWCR%#C&PVDM8*6J5#WNMP"10RH//KU#T6O=7\V3J3'^5-G=
M;[]W-+&"$DS=1@MJ44S@MS'-35>YZP0D6LSTZOR?3QS0SKY`];IT6S=?\V/M
MS(&5-G=<;"VS#(W[;YJ?.;JKH(K?1)Z>KVU1O-JMZFIBMKC1>Q%#.WD!UZG1
M;-U?/CY6[L\D<W:E;@J237II-JX?`;>\(>VH1Y"@QB9HVTBQ>J8K^"+F]3*Y
M\^MT'1;=S]C=A;V=Y-Y;ZWCNUWTZVW+N;-9PL$;7&#_$ZVJ&F-Q=1]%/T]T)
M)XGKW2-]ZZ]UGI:6IK:F"CHJ>>KJZJ:.GI:6EADJ*FIJ)G$<4$$$2O+--*[!
M55068FP'OW7NK6?C/\(X,7_#]^=T4$55DOVJS#;"GT34=`>)(:O=(&J*LK0;
M,M""T,7^[];$Q1O)'YMUJO0G_/\`W<NV>A'V[3.L4^]MR83`+#%:-UQF,9]P
MUDD873I@27#T\#A?JLX6VDGW:4T6G6UX]4I[5W5GME9Z@W)MNOEQV6QTHD@G
MC-TD0\2TU3$?VZFDJ8[I)&X*NIL?:8$@U'3G5O\`TKW-A>W]NFL@6/';CQBQ
M1;AP?DU-33.MDK:(L3)-BZQE/C8^I&!1KD!F?5@P^?39%.AH]VZUU[W[KW7O
M?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW0[?&'$MFOD+T[1JA<P[]P&6*C7PN
M!JUSKOZ/5:-,<6/XXYXO[<B%9%^WK1X=;*_LTZIU[W[KW7O?NO=>]^Z]U[W[
MKW0>]J]K=?=([`W'VCVEN6FVEL7:=-!59S.5-+D:\P"LK:;&4%+1XO#T>1S.
M8RF4R=;#2TE'1T]15U=3,D4,;R.JFK,J+J;"CKW0$_(CYW?$OXH2[=I?D#W-
MA.N\KNJABR>$V]4X7=N?W748N:1X8LI5;2VGM[/;FQ6,>HBDB^XJZ2"'S121
MZM<;JM))HHOC-*];`)X=#GU3VYUGWEL7"]F=1;VP'8&Q-PQROB=R[<K5K:"=
MZ>5H*NDF%DJ:#)4%2C15-+4)%4TTJE)41P0+JRN-2FJ]:Z$7W;KW04=:=(=7
M]/Y3LW-==;8_N[DNX^P<IVGV14_QK<.7_O'OS-4]+29/.^'.Y;)T^(^YIZ*)
M?M:!*6C33=(5))-514J5'$U/V]>Z]B.D.K\%W#N_OS%;8^U[9WYM3`;(W7NO
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MH_$_F5-#6;$L;-H#`MZ=;H>NZ?Y<_&*K[EE^/5-WOUC/W7#43T,G7$>[,6VY
M!E::,RU."6G$WADW'30JSR8U7->B(S-"`C$>\6/7X>H:_3KU#QZ%'LCLWKWI
M[9N9[#[2WGMS8&Q]O0QS9C=&ZLK28?#T(GFCIJ6)ZNKDC22KK:N5(:>!-4U1
M,ZQQJSLJF[,JC4Q`'6N@EHOF+\6,CTY7_(*B[\ZOJ.F,57MB,GV$FZL<,%C\
MV)(8EP%:S2K5TNXIWJ8O%CWB6MF6:-DB99$+4\6/1XFH:/7K=#PZ$/&=U]2Y
MS;_7.Z\%V%M7/[;[=R]/@>LLW@,K3YS&[XS%3CLSF%H-NU6*:KCR$\&*V[D*
MBHT&U-#0SM,4$,A6VM2`010\.M="A[MU[KWOW7NO>_=>Z][]U[KWOW7NO>_=
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M8&2:5DC0'D\CWL`DT'7NKK?CC\3=J]*T]-N+._:[G[)EI_WLR\1?';=,\96H
MHMLP3*'1]#&.2M=5J)DN%$,;O$7T0+D\>M5Z-W[<ZUU3E_,DWC_$>P-B['AE
MU0[8VS5YRK5&]*Y'<]<(!#,HMJE@Q^`AD6X(5*C@^IO:>8Y`Z<7UZK<]M=6Z
M5&SMX[@V'N"AW-MFN>@RE`_!Y:GJJ=B//0UT%U6IHJE5LZ'_``((8*P\"0:C
MKQ%>KA.G>W<%V[MI,M0>.BS-$(X-P8)IEDJ,;5LITRQ_1YL;6:2T$UAJ`*FS
MHP#ZL&'SZ;(IT+GNW6NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NCT_R\MJ
M-GOD'39QHV,&RMJ;AS9EM^VM5D8(ML4\3$\>22'.S.H^O[9/X]J+85DKZ#K1
MX=7R>S#JG7O?NO=>]^Z]U[W[KW7O?NO=5:?S'YILMV3_`"Y=@98$;`W=\XM@
MY+=B/+'#193+[&V_N#<^Q=O9/S`PUM!D]QTPE:D<%:IZ1%L3;VFN,M&I^$N.
MMCSZ+YU9V#U1TY_-Q^?63^3^[MD["W1N[K;X_5WQWWAV;FL-MC!S]28_9M31
M]AX;9^X=T5.-Q]-Y-QQ48K:2!@]34X^ME]:Q2R-165+IS(0"0*5]//K?X13H
M$-[]\=&Y+:_2&U_AGG]_?#_XK?)WYT]F[1[X^0^UZO\`T=P[BW+A=JPU<]9U
M+N3.Y/<-#LC`]J96CCI*3+4E/B5A?#F)8$C@J8?=&=*`152-G-3P_9Z5_P`G
M7J'SXTZ"_NGY&=U=0_'+^:SUQU#\H>T^W=C?&G+_`!%J>E/D7E=_C=79.V<S
MVKV%L>'LWKB;MS$0TTF\SB5DFI6<2O/00R2TM2Q>0A:O(ZQR*K$A=-#7.3D5
MZW3(Z%S>_5'=N+^7'RC^.U/\[?FH=C;;^&L/RJH*\=LXZFW5%VG09G+[?IJ3
M'9NAVM2G:W7KR12U51@,)'C*&I>1$<&."%4LRN)6CUO31JX^?^;Y=:\JTZ8.
MD][]_P#S%[*^$W66[_E%W_UIA^S/Y;V6[)W_`)7IG>L6R,_N??.![0KMHT6Z
M*K('%Y)*'/5%.E/-55M''35D[0&/RK#+-&^D+RLBEF`,=30_/K>!^WH.OC!V
MA\DX^KOY5/RFW%\K?D!OC<OR.^2U9\?>R>O=W[QI<CU1D.O*#=/8>PJ%O[H0
MXJD^^W?'CM@Q5,N<K9ZK)U%;5232RNX4^]1M)ICE+,2S4(\J9'^3CUXTR.F7
M='R+[8D^.G=?S:KOFYVOM/Y>]>_)?.[)VQ\/*?L'$KU=04^&[@QVS<;TCD_C
MLF,7([MR%7M"HGJ'R00U[+&)I)-4%5(^C(V@S:R)0WPUQQX4Z]3-/+H<NTYN
M_.V-Y?S==YS?*CY+]2TGQ!V=MOL7J7K?K'LH[<VWA]UT'Q[R'953B\_-#CZB
MNR^V9LQMH4]1C8):6CJ!4SRNK2,ACNVMFE.IAH%0`?E7K6,=#CN#?NZ=T[Z_
MD3=[5M9_$.W>U-G5>-WS5THIZ-]S[:[5^-.U]V=DS5^.@1?NL?B\W2PY*%;&
M&AG]2A3(#[N6):%_Q$?X1GKWKU>%6QPRT=7%43R4U/)2SQSU,-3)12T\+Q.L
ML\59$\4M))$A++*K*T9&H$$7]K.J]:V/0H^,O?GR&^+O7WQ:;J;IKXL?"[N3
M<^X=I=@;H[*V]%WS\D>R\D^21]K];;;RF2F[`R?7.4W!DPU;D<J6;.4VB&G1
M&IQ'[+T\-W58Z")#ZY)^7G3_``]7-0,\>@,P-=M`_"[IW;L5=M,_,6+^;G1M
MD:*-Z0]IQ=P)\@=P&MR-;"$_C\<B;2\0EJ9%%,*?2C-Y++[H"/"`QXOB_G6O
M7O/Y4ZLV_F0]F]8[^IOAW6T>]-G;JZFZU_F>=1=??(&2')T>3VYM+=NU:'<Z
MU&U^QS&TE'CJ?;^7R%/_`!*FKRM-!)-`:A0NDA1<,K:,@J)`#_L]:'^3H&>I
M>A-N_)OY6?S(4ZE[#@V#LSK_`.2'P\[;Z,[!Z^P^VMV[.PG?FRNBMP8OLZO?
M:^5IY]J;MI:BKW&T.3I]4>NJD2=)4DCC?W54$DDFDT`92"/6F>O5H!TS[/WA
M6_%S<W46)ZKVUB^\8Y<I\FMG_'W/=N]D[5Z-ZYS.7VUN&;LGY@]_5>>I-M9G
M;6+R6_M]9\;4V+C<?104]+M[#Y&LBJ#05M0\V@?"(TC5QI4T'JQ_,X'RZ]QZ
M-I_P[!US_"/XU_HGWY]I_P`-[?[/]X_NJ/[S^`_WY_T?_P"C?[7[3R?Q'^-?
MN_QC_@#]C_E&CQ\^W?J5I6A_L]7^2G^SU[3_`(>K7_:GJO1/NM/F7L7L_IKY
M#=UXC:V[<?@/CEO7N_9&Z,5D5PXR^<R'1=`^0W#5X`4V3GHC1Y>)--%]Q+`Y
M;_.K&.?;2RJR,X!HI/\`+K=.A.ZF^06P>U.D>JN]FK8-B;5[<VKMK=&WJ3?&
M5PN'KZ==T4$=?CL/5S'(28Z7+^.328H)I=3`Z2P]V5U9`_`$>?6J>70J;CW7
MM;9]"F3W;N7`;6QLDZ4R9#<>9QV$H7J9%9DITJ\G4TL#3NJ$A`VH@'CCW8D#
M)P.O=`3V7\G]E=8][_&;H7+XO,9#,_*&G[FJ]H[HQTN).UMOTG2FQ:#?^?J=
MQU53D(*L4^5Q.05*-Z6*=?(I,A1+-[HT@5U0\6K_`"%>MT\^@3/\Q_H;)=<=
M!=I[/I-W;OVK\@_E1M/XE[;-'08[&Y/`;[W7FMTX&'-[DQV4RE/+3;9HJ[:5
M06>(RU$L3QO%$X)M3QTTJPJ0S:?SZ]0]'IPFXMO[FI)*_;>=P^X*&&KJ*":M
MPF3HLM215U(P6JHI*F@GJ(4JZ9F`DC+!T)Y`]O`@\.M=$E^3/SPVYT+V=MCH
M38O4':OR1^0&Z=JU&_DZLZBQN.J*G;>PZ3('&/NS>>=RU92X_;^.K*Z.2&E&
MF=Y)E59!")H&E9DF",$4%G.:#TZV!7/ETNOB_P#,OJ_Y/[(WUNC%X[='5NX.
MI=TY'9/<?77;=!2;3WAU?NC%Q^:II-S0M6U..CQ\\*L\%6DYBD$<B/XYHI8H
M[1RK("14$'(/EUXBG1EL?N_:>6Q%/N#%;HV[D\#63BEI,WC\WC:W$55293`*
M>GR5-4R4<\YF!30KEM0M:_MRH(J.'6NHTV_-C4U!CLK4;SVI!B\QDY<+B<E-
MN+$14&4S,%9/CIL3CJQZQ:>MR<.0I98&@B9I5FC9"NI2![4.-13KW2GFFBIX
MI9YY8X(((WFFFF=8XH8HU+R2RR.52..-%)9B0`!<^]]>ZKKR_P#,LZ<V]\;<
M;\G<MM/L"HVCV#VKE>JOC]M';>,I=P=C]_Y&'<&1VUMK*;'VNE51FDIMY5F$
MK:FBBK9HI?L(HI&_>J(:=V#<((_$(-":#U/V=;IFG3K\=OG[ANXNWY?CSVAT
M;W#\8N\JC9TW8.V-C]O8S&)2;ZV=2U;T=?D]G;BP];4T>3J\5)&QJJ62.&1%
M20H9/!/XO1SAVT,I5Z5H?/KQ'GT>6@W3MC*Y?*[?Q>X\#DL]@?%_',)09?'U
MF7PWG%X/XKC:>HDK,=YA^CS(FK\>WJ@F@.>M=8AO':)R.-PXW5MPY;,O7QXC
M%C.8PY'*R8L!LFF-HA5?<USXY2#.(E8PC]=O?JCAY]>ZYTF[=JY#$2Y^@W-M
M^MP5/42TD^:I,SC:G$0U<%2**>FER4-2]''40UA$3H7#+*=)&KCWZH(J#CKW
M4*7?VQ((<S43[UVE#3[=R4>&W!/+N/#QPX++S2"*+%9F5ZP)C,E+*0JP3E)6
M;@+?WZH]1U[IPSNZ-M;6QZ9?<VXL%MS%23P4T>3SN6H,1CWJ:D,::G2MR%13
MTS3U`4Z$#:GL;`^_$@<>O=3:C+XFD6E>KR>/I4KK_8O45M-"M9:+SG[5I)5%
M1:'U^B_IY^GO=>O=%[[Z^3NR>B>HD[UJ8#OGJ_%[MVKA=\[FV7EL7EJ?9FUM
MQ;BI=KY+?DZT\TZYG$;1R>1IWR5/3,:F.D,LJJQA*,V\@1=9RM?]1ZV!7HR$
M,T51%%/!+'/!/&DT,T+K)%-%(H>.6*1"R21R(P*L"00;CVYUKHD/R(^=6V/C
M9N7.X/=/QW^7^]\-MK;<>Z\YV1U1T!G=\=68W#BAJ,ED9ZW?5/D*+#TAP5%2
MO)D#*R)2(I:1@`3[9DF$9H5<CU`Q^WK8%>F//_S'.DL)TIT+W/1[+[OW94?)
MNHK8.D>G=G]=+FN[=]+CHJRLKZ[';-_C=-CXL328FE2N>LER*4HH:J";R:)`
M1HSH$5Z'NX"F3UZG7H?YCW1F5ZKV5V/M/:G<^^=R[[[)W3T[B>A=J]?K4]_4
M':.PL5E,]V%LC<.P\EFL71X#,;"P.'FKLJ:G()3P4OC=99!+%K]]0FD,`22:
M4IFHXBGRZ]0]#-UY\L.J>V8NBI^MSN/=L/?NUMT;WV\U#BJ>DEVAM#9<<-)N
M7<'8E'E\CCJ[;U)C=WUU)MTQ0Q5E5)FZM(TB:"*IJ(+K(K:=.=0K_P`7_@^W
MKU.C,>W.M=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW5#_P#/NZ7EW?\`';KKNC'4
M9GKNG=]28G-SQQM_DVS^RH:/&3U=1*EP4AW=A</!&'%@U8VD@DAT5ZE8P_H?
M\/5EX]:E'LLZOU[W[KW7O?NO=>]^Z]U[W[KW0U=*]#[Y[QS_`/"]L4AI</1R
MQ_Q_=-;%(,/A(']5G<:36Y&5/\S21'R2?4Z(P\BV52QQU[J\?IOH_8W2.WAA
M=IT1DKZI(6SNXZU8WS.=J8@UI*J95`@I(F=O#31VBB!/#.7=E"J%&.M=##[M
MUKKWOW7NM<;Y-[Q_OUWSV=GDE\U*NYJK!X^16O$^.VQ'%MRCF@'T6*JAQ8F'
M`),A)&HGVD<U8GIT8'0$>Z];Z][]U[I7;'WQN+KS<5%N;;-:U)D*1M,D;:GI
M,A2.RFHQ^0IPRBIHJD*-2W#*P#H5=58>!(-1UXBO5Q/4W:NW^V=L0YS$O'3Y
M&!8X,]@VF$E7AJ]E),3W6-IJ.HT%H)PH6501PZNBJ%.H5Z;(IT*/O?6NO>_=
M>Z][]U[KWOW7NO>_=>Z][]U[JZ+^6KU^^(Z]WCV+5PE)]Y9V##8MW0W;#;7C
MF$U1`YX\55F,E/$P']JC%_H++K5:*6]>JMU97[5=5Z][]U[KWOW7NO>_=>Z]
M[]U[HMORI^.>.^3?5]+LH[FJ-A[QVGOG9/:W5/8]%BHL[6]==I]<YN'.[1W;
M!A)Z_%Q9B*GE26FJJ4U-,U1154T:30R,LJ-R1^(M*T(-0?0CK8-.E5VG\=^C
MN^*'!TO>O4/5_;DVWP7Q<^]]C8//_P`+J9UA->^$.;@RE;B*6OEA4R0QU#!U
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M$VI/E6-2^.IGBHVJ#Y#&7Y]Z"(,@`$"G#KW43&]#]'8;`[%VKB.F>J,5MCJ[
M<#[MZSVYC>N]H4.!Z[W5)69#(R;FV+AZ7#Q8_:.X'R&6JYS6X^.GJ3-52N7U
M2.3[0@```H.&.'V=>KTQ5OQ@^-^2[/@[JR'0W4%=V[35$5;!V55==[4GWK'D
M:?2*;*C<,N*;)',4R($BK#(:J.,:%D"\>]>''JUZ1J]:=>J>EFW4O53MV,S]
M9]?.W<-(*#MMFV9MQF[2H1AY]O"B[&)QI.]Z0;?JI:'QY/[I/LY&AMXV*G>E
M<X&>/S^WKW0)I\5-LGY'=7=Y29'&4FU>@NF\IU/T#T[M_:5#MW:W5U1NIZ3'
M[SW7C:FAR#4TDN2V7@\9@:#'TM!04>,QM+(H$YE0P4\(>('\E%`/3_5PZW7'
M1J)X(*J":EJH8JFFJ8I(*BGGC2:">"9#'-#-#(&CEBEC8JRL"&!L>/;O6NBY
M;;^&GQ`V;G\/NO:'Q3^-NU-T[>R%-E\!N7;?1G6&"S^#RM%*LU'D\/F,7M>E
MR.,R%),H>*:&1)(V`*D'VV(H@:A5!^P=;J>E/!\;OC[2]K2]Z4_2?5L'<LPE
M\O9\6QMN)OAY9Z?[.>L.XUQXR?\`$9J*\#U7D^X:G)B+F,E3OPTU:Z#7ZTSU
MJIZ=*WHCI'([5WYL:MZ?ZQJ-F]I;CRV\NRMK-L3;"X#?^\<]-1U&:W?O+%)B
MUHMR[KRM3C::6HR58DU;++3Q.TI:-"N]"4*T%#Q^?7J].?7/4?5_3^T$V!U3
MU_M'K?94<M;4IMG8^"Q^U\0*O(@"OKC28:"C1LA6:1Y*@WF?2+L;"WE54%%`
M`^77ND_N_P"._0W8&P=N]5[YZ;ZSWAUMM!,0FU=C[EV7M_-[8VVN"IEHL0,'
MB,C05%'B_L:!?MT\"H?MV:(WC=E.C&C+I(!4=>J>EI_H\V!_SPVS_P#CS_\`
M1Y_Q[.%_X\#_`)X;_@%_QY__`%;/^`7_`#;][TKZ#A3\O3KW2P]VZ]UK+=0_
M!S%]C_''^8=V?NK/_)?:>\Z'OKYM5>U]D[1[/[#V-LW<])CJ2MR^W*J?KS'2
MTV,W/3[BJZ@PROXI%R4`6(EE`'LO6'5'(Q+`ZFQ4_P"#J]<CHK6_^LZ^BH?@
MQF?DL)-M=`4_\N+9VR=F56__`(P]I_)/9>V^Z'R=]V[6EV!L'>W7N5V1VKG\
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MZ*@,2H0:^**XIZ_Y.O>?Y=6\?"SIC`=#_P`PW^8#LKK#KX]:]-5NR/B]FMM[
M?P6)KL/L"7<,FT<__>&JV[3%%PJU@J:IONEI+:'D.I03[51($G<**)0?9UH\
M!T&W;^_O]D8_F8]F?)[N79?864^//R,Z!V1L?$]K;)V=F=]T'7>_=AUN/@FV
M7N6@V_3UV6PM'N*BQGWD+B(K55$Z")91%5O359O!N#(X/ALO'T/7N(IY]`U\
MM/D?N;Y&?%2F[!WO\/YMB]([N^9'7&!VMG^V<7VI54E9U?A%S=7%W]\@>H>J
M_P"[.\\OL$Y(004>#EKZBDKJMED>1@E$:JLLADCU%:(7'&O#U('E\NO`4/5?
MM)U)FZWIGYE==8C:&X:S8>?^:GP@S>V<5M7I'?\`T-MK,;4S29:#<N\=A=29
MFMR>X]F;8R5#'`ZU?W!GDI%IZB5HBR1QI]!T.H!IK7R(_8/+JW1C?GS\<^N>
MJ_E92;=WQ@=O]7_$R#XL5.T?CQ1#XJ=C?([K/`[ZS.]LQFNPMF[)VIUOO[KZ
M'8'<^Y\UD3E(<S4R2>9*A/)40^EE=G15DH<1:<=I(K7/`BAZT#CY]6][1V#V
M5A/Y4^7ZYQ^X.P=U=EI\/>RL!LW-=B;1;8_9%5D<CUWNF+KNFW+LM=T=@U.W
M=P8VBJL?2M1RY&MJHGA"S+'-K@C4A6%MIR6T'CQX8QGJOXNJYMW83-P_"G^3
M=\K>L-A[C[3V%\3:3J?<_;VR>OL4<UN5,%5]?[>VWV!O7$[<C=9<WD]E;MV_
M6/(L?KCEJ&GD:*G2HGB8(/A12J*JM*T^S/[.M^9'1P*7YK;W^9];W/M+X<=*
M[NDVQ@_C5VA)@/E#V#@<WUJ^-[TS6U\WCNOMA=>8W<>`BK<U6QYVII9ZZI:H
MI(J1(IF92/MVJ7?&,U1$#32<G&?(#KU*<>JQ/CKM/J*KW'_+5VK\5^DNTNO_
M`)L]4=L;!KOFYN?+=8=G;-R6!Z^BVQEH/D92=N;QW+A<?@LU'V'E)&.%C:JJ
M2D<@I4$,DJ0LG0+6,1J1,"-6",>=?M\NMGSKPZ0S?#O9V?\`BUUSOW,]&Y2?
MMK<7\UF7:>Z=RK@]U4.]:CI;/]D;HQ^;Q<]91-396@V%6XBH+NT?BI%>0U"L
MLKF0U\(&,,1W>+_*O^#KU<_ETN/E5T'+UIUU_/2ZBZ:ZJS>VNL&R?\MK,=6[
M$VAMK-G;$^2RV7VCG>QJK8V*IJ>>FJG_`(JAER(H0RTXB5&")$BK:1-*S*@H
MO90?X>O`\.A^WY\`?CO#\Y/E'LO'_'+$CJ6E_E\C>^VL-!A]PR;//=-/G,Y@
M:;<V-(J6H*KL:GP9(CJ%9\@C5$TZD35$TDEV@3QF`7M\/^?^?K533\^BZ=;X
M78NV)O@_OC^8IUGOW>_Q>QGP`IM@]>G</6W8O8NSM@]\4O8M?#D,7O#:6VL)
MF<KB]VY3KNEI:3%S5=*8A3QP+&%-+Y:9M0!H:<$QZ*#!.:_YNM_9QKT^;,^/
M&[M^]2_RV>N>W.K.P:CI;+?.CN_);*ZYWYCMT)G-I_&+)T60J.O-N=@12LN7
MQ&$JXX9M$%=(D-3C*F./U4\JJ=B,E8U8'1K./EY5Z]7C]G0US]=;/Z"ZI_GV
M;$H=EGKWH^DVG0S]8;93%U^.V/!N3>70.;HTJMG4U4!CKU._:C'1L:0F."6*
M",!5BC1;Z0BS+2B4QZ</\_6N-.KP?BCB]TX/XM_&O";X$XWKA^@>G,7O`5*L
ME2-TX_KO;E)N`5"/%`ZSC+0S:P40AKW4?3VLB!$:@\=(_P`'6CQZ*3_,5H-U
M=N9KXI?#_#T6;&R/DOW//+WGE\53Y):8=(=,XB+L7>NT:_-T*"/`_P!_)X**
MA6221/N(Q+3A765U]M3U8K$.#'/V#)Z\/7HKWS*[.ZMW[M'XP_)?959\COB_
MF?CSW1VOU;L#N7#?&;&]I;6Z@I:S;:['WLG9/3<&?I\Y4=7[WPN&CHL/7XJG
MJO&T2J8H_+$"W*RL%D74NDD`TK3[1Z'K8].FSX(?$_;'97QP^079/RL/8N4P
M'87RW[8^3/7?9.[9=S=%]K)MB+;./VX>YA'L3(;5W#UE)OJ@I<M(^*I6AI1A
M7A0))3M%;4,8:-FDK0L2#P/V_*O^#KQ.<=!MOG=G;OQ3QW7V\^L(#\9=C]O]
M6;GR?7=14=";S[]JL%M[JQ\1'\6/AI4X#'RRY;K[/]G8?=.8W;N2NR#29*IW
M5F<E31U3R4HD%6+1`%>T$8Q7A\*_*O$_.O7N/5^?5.?W=NOJ[K;=._\`;/\`
M<K?FY=@[.S^]MFZI&_NEN[,[=QV1W)MG5,SS-_`<S4S4MW)8^+DD^UJDE06%
M&(SU7I=3(TD4L:324[R1NB3PB)I8&92JS1">*>`R1DZE#HZ7'*D<>[=>Z`'_
M`$,]C?\`>6GR"_\`0;^*O_W,WMO0W\3?\9_S=;Z]_H9[&_[RT^07_H-_%7_[
MF;W[0W\3?\9_S=>Z]_H9[&_[RT^07_H-_%7_`.YF]^T-_$W_`!G_`#=>Z]_H
M9[&_[RT^07_H-_%7_P"YF]^T-_$W_&?\W7N@T[D^).XNZNK-^=5;N^4?>F5P
M&^=N9#!UE%DMM_&?[$RS1^7'5-1_!_CQA\J%H,G##4#[:KII]40T2HUF%7B+
MJ5+-0_9_FZ]7K0UWML#=76.^=U[`WG]_1;GV1N+,[6W#BJJ.B5:;+X2NGQM=
M&KQ8^EEDB6HIRT;@A9$*L+J1[)BI5BIXCISI/^]=>Z][]U[KWOW7NCC_`!N^
M(^Y>Y)Z;<VZ/O=K];QR*_P#$/&(LMN;0XUTVWHJA&2.E(!#UTB-"K>F-96#A
M'$0MD\.O5ZNGVCL_;.P\!0;7VCAJ/!8+&1>.DH*)"J@FWDJ*B5V>HK*RH8:I
M9YG>:5R6=F8D^WP`!0<.J]*3WOKW7O?NO=(?LS=L>P^O-[[S=D#;9VOF\Q3J
MX!$U;18^>7'TP#>DO5UPCB4'@LXOQ[TQH">MC)ZUBI)))9'EE=Y)9':2221B
M\DDCDL[N[$L[NQN2>2?:/IWKA[]U[KWOW7NO>_=>Z6NP-_[DZVW)2;FVS5^"
MK@_;JJ634U#E*%F5I\=D8%9?-2S:1^0Z.`Z%756&P2#4=>(KU<9UAV=MSM3;
M-/N#`S!)D$<.8Q$KJ:[#9`IJ>EJ5%B\3D$PS`!)D%Q8AE5\$$5'39%.A'][Z
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M>14/BC@>/5U/EUKS^T/5NN4<;RND42/))(ZQQQQJ7>1W(5$1%!9G9C8`<D^_
M=>ZL]^-'PA:I%#OKNO'O%!>*KPW7]0"DLPLLL-7NQ;AX8_R,?P[?2H(&J%GD
MC\VZU7JT^&&&FABIZ>**"G@BCA@@AC6*&&&)0D4442!4CBC10%4```6'M[K7
M63W[KW7O?NO=>]^Z]T1[^8#O'^[G0TN!AETU6^=S8;!F-6TR_P`.QTDFXZV8
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M6Q155'4*"]/50QRKZD'NK*'4JW`]>ZT/_DA\..V_CQ\B,Q\?*[!9/<F7EK/N
MM@Y;'T+I3;ZVC6RRG$;FH"6:FIX/!$R5X:7QX^I@GCD<"(O[)I(FC?0>G`:C
MJP;XU_#[;W4:4>[]Z"CW-V/I6:G8+YL)M)B+^/#I*J_>94$^NND4%/TP*@#R
M2W2,+D\>O5Z.O[<ZUU[W[KW7O?NO=>]^Z]U[W[KW5.7\R3>/\1[`V+L>&75#
MMC;-7G*M4;TKD=SUP@$,RBVJ6#'X"&1;@A4J.#ZF]IYCD#IQ?7JMSVUU;KWO
MW7NO>_=>Z][]U[KWOW7NO>_=>Z$CJ[L[</56YZ;<.#E>2G9HX<SAWE*4>:QP
M?4])4>F18YD!)AF"EX7-Q<%E;8)!J.M$5ZN*V!O_`&WV3MNDW-MFK$])./'5
M4LFE:[%URJK3X[(P*S>&JAU#\E'0AT+(RL7P014=-D4Z6WO?7NA;Z1Z?W'W?
MV!B=C[?1H8YV^\SN8:(R4V!P5.Z??9.IY5695<1PQD@S3NB7&HD7C0R-I'6B
M:=;)>R]GX#K_`&I@=E[7HQ08';F.@QN.I[AI/%$"TE14RA5\];63N\T\I&J6
M:1G/+'V:*H4:1P'5.E/[WU[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWO
MW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z
M][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW
M7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z]
M[]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7
MNO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z`WO/H_;O<NWA'44U#1[
MPP]/5_W4W-)2QM5X]ZGQ25.+GJEC:J_@>6EIHON8E)&N..4*SQJ"W)&)!_2Z
MV#3JFK<VVLYL_.Y';>X\?-C,SBIS3UE).!=6L'CEB=28YZ:HB99(I$+))&P9
M200?:`@J:'CU;IA]ZZ]U[W[KW7O?NO=>]^Z]U[W[KW6N-\F]X_WZ[Y[.SR2^
M:E7<U5@\?(K7B?';8CBVY1S0#Z+%50XL3#@$F0DC43[2.:L3TZ,#H"/=>M]>
M]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO="EU+VMG^I=SQ9S$EJK'5&BGSN#D
MF>.DR]""?2U@RPUM-K+4\VDF)R00R,Z-M3I->M$5ZNPZ3E/R%EVU2]60R[AK
MMSU24--01IIJL=6`*];#FHT\@QHQ41,E3(Y\20+Y0S1E6*E`7("Y)Z;../6R
M=\</C[M[X_;'CP5$T&2W3EO!6[PW*L11\KD41A%24OD'EAPV+61HZ:,VOJ>5
ME$DK^S**,1K3S\^J$UZ,+[=ZUU[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U
M[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?N
MO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]TT
MY[-X[;6#S6X\Q/\`;8G`8G(YO*5.DO\`;X[%4<U?6SZ%]3>*F@9K#DV]Z)H*
MGAU[JE3KSM;^9S\C^@J[YL=8]G=%]9[5R^/W7OGJ3XI9WJ6HW@-U[`VW59.+
M$T6_>WO[TXO/8K=VZ*3#.Z?PVF2C9IXF+4@=HJ=(K7$B>,I4#R6G^$]6P#3H
M(MU?S<>Q=^]F?#I^JMF]J[:ZYWQT_D^\.WL%M/X];E[GS^^Y\+'1C*]<[$RE
M'!`9-H83*4E;C\MN;&P/)B:@:IXPT9@-3=,S)I!TD5.*U^0_S]>T]+/X1_.+
MOCNC;7PQW5W'W768;/\`R,[S[[Q4NPO]EECVQMW>>UMF]?;>R6&V;LC>U3E9
M99MJ[4R'W.07=<2RMD:ZHJ</)J?&O-)N&9W"%SEB<4^7^K/Y=>('1V\#_,^^
M+NX^VL5U;CI.T!B]P]H3]);8[LJNL=R4WQ_W3W!3U$E$>N-O=IO#_"<EN6?(
M1&"`+&*:=BK1S-$Z2,\+F,MISQI6F*^E>M4/6>@_F<?%S)=O4_4]-5]D_85O
M9S](X[NF7K/<T?0&2[F2HDH_]%]#VJU/_!I]UO6Q^)%""DD9E99S&0_OWU$>
MK3GC2M,5]*]>H>EM\[>_MX=#]/[;I^K10CNCO/MSKCX[]-5&4H$RF*Q&_NT<
MM)11[FRF-<B.NHMI;=H,AD_%(#!--2QQS6B=R-S.40:?C8@#[3UX"O16^TN\
M?E]W3\N-Y_#'XG=D;"ZFI_COUCL/=?>_?'86PJ+?^Y<OO#?N,ILKM7:NV=F1
M28[:U/#D\#515U9.T,5G:58?"L$<=4VSRO*8HB!I`J2*\>MXI4]"=M/Y:]N?
M&[I'-Y_^8OM;$[7WSBNW#U+UEE>EZ1-[-\FVR4<K[+RG777>V<MN#=.(W-N9
M:&J+XS(18]XUB$AC@#-%'82M&E9_BK04\_2@ZU2O#I4XC^95\;*_J/NSMO,)
MVAL7_9<SMP=U=8=A=:Y[9W<6P5WA6TM#M:;+["RXAJWI<Z]4'IY8)98F1'NP
M92OO8N(])8U&GB",C\NO4/0:5'\W?XQT^9W-MD;#^4U1N[`[;H=]8O9T/QK[
M(&ZM[=;5E-5ULW:&U<)/CX*M.NL;14AFGRV5&+IO$Z-&9`3:OU4>11JTKP/#
MU^SKVD]+S</\SSXQ8C$]0Y/;Z=L]GU/>_6>9[3ZLV[U-U/NS?^Z=T8+;M8^/
MSF-CP&%I9*_'Y[$5E/4)5152PP4OVLS33(J7-C<1BE*G4*B@KUZAZ3?6O\V?
MXE=J;@Z@PVVCW!28CNW<M#U_LSL#<74&[\!UG_I7R+QQ4G45=OFOI4PDO83S
M3(AIJ%ZVE1G754`,"=+=1,0!6AQ6F*^GV]>TGIYWG_-+^*VQM^;KVCEG[8K-
MJ=>[W_T:=E]ZX/J7>&8Z`ZU[!6N@Q<^T=Z=H4E$V+QF4I,E4QP3LD<U/%(_J
ME`#$>-S&&(-:`T)I@'[>O4/6;N+^9Y\<>F.QNV^JLM@^[]Z[TZ.QFU=Q]FT?
M5W4&YM^8W:VS-U;4QV]$WWE<_B5_@6+V=@\%F*1\A65=13B*2H5(UE*OHV]Q
M&C%3J)7C05_/KU#UDW+\LZW%?('X7YW;6Y:/=WQ7^:FRL[MC;%9'AH*.;:_9
M\.`A[(ZXW,N3DI8,[)2]C[8FJ\148NK`:AK:.&33$WW(/C+1T(-8W'\^(_;U
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MN8U62J-2K18JEJJEB%B/M3(^A:\6X`>IZT,]52;3_F,?)#*?"'H7N[=%3TUL
M/=G9?>'9_6'9W=FX-C;^S_2?3^%V+5]@PX7*Y;9VU<ZN[)IMYY/:=)AZ*IEK
M8J**MK`T^C7&GM*)Y/!5S0$D@FAH*5ZW05Z/!\9/E!VU\C?]!L=5LC';`KTZ
MEI>T_DM2U..R[PX3([PCR6)ZEV-L]<O-29/$5^_(J"HW?-%D89:_%;<BQ\,Z
M"3*PSH]'(TE,4Q4_GP_;Q^S[>M$4ZL"]O]:Z][]U[KWOW7NO>_=>Z][]U[KW
MOW7NO>_=>Z][]U[KWOW7N@![SZ#V]W'B&F44^(WI04^C"[B\;6=$+NN+S"Q`
MO58R5W-FLTM.[:X[@O'(U)$)!_2ZV#3JH+>6R]R[`SU7MO=>+GQ65I"&\<H#
MP55.Y815E#4I>&LHY])TR1DK<%39E8!$RE31N/5NDK[KU[KWOW7NO>_=>Z0_
M9F[8]A]>;WWF[(&VSM?-YBG5P")JVBQ\\N/I@&])>KKA'$H/!9Q?CWIC0$];
M&3UK%2222R/+*[R2R.TDDDC%Y))')9W=V)9W=C<D\D^T?3O7#W[KW7O?NO=>
M]^Z]U[W[KW7O?NO=>]^Z]U[W[KW0Z?'KXW]O_*/L3']9=-;4JMR9^J\<^1K7
MU4NW]L8DS)#/G]TYDQR4^'P]*7Y=@TLKVCACEF9(VO'&\C:4%3UHD`5/6[5\
M"_@+UK\'>O),3AITW?VCN:.*;L'LJII#23Y:9"'AP>`H7FJ#A=KXUA^W"'::
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M7R/R^SUZM4$UZ$#8O\N_=?3_`&Q\3)]AYC`9;K+X]?$#M?H?-Y7*U,^)W)N#
M?F_7->VX:7`4]%7T=/B\QG:FIJIU-8STHF"#S:=9VL!1UT_"JD?MZ]7I&='_
M`,O_`+UZ\VU_*IQ.?J]A/5?#'.=\Y'MXX_<&1J(JFG[)H,[3;>&SGEP-.<U(
MDF1C^Y$XHQ$+Z2]N=)`ZB,&G96OY]>)X].'Q4^,7SP^-^(ZP^)^+?X^+\8NI
M.V]S;P_TX5\^2W/V?OKJ[.[NW'OF+9--USD\(N*VUV%49?<LD%1FGK7@H8E#
M4XJ#$!5>BCFC`B&GPP>/G3CP]>O$@Y\^B]]7?RM>X.M^Q<?UQ6]1_'?L'IG&
M=^UW:U#WKO;M;OM]T4G7T^ZY=ST&VZ7HW:VZ=J[13MW!S.%H\M)-+AU*AYXJ
M@@JU%MG5M-%*ZJUJ>'V>O7J]'C_FC8#(8WKWXZ_(:DHJK(X?XE?+'ISO?L2E
MI()JR>/J?&5V0VUO_+04E*&JGDVWC]Q19*21%D6"DI)Y'0QJS(]<#M5_)6!/
MV>?6AZ=([MWX]_*SK+Y9[Q^:7PB7IWL^D^0/6^SMJ=Q=5]GY_);;HLID-E8Z
MCQ^PNQ-F;OP:5%)5B/;U/#3R0SLB>#R%/.:B-J2KI*LAEAH=0R#_`"/6ZBE#
MT@=U?"KYS;LZZZE[;WUW'UUVA\N^I?E'4_)+![&S=5G<=T%A]J56/J\1)T9L
M[(QX,[AQ]+1X^59:/*U-*TD52YB=G5%K&T89BH9B#*&K\OLZ]4?ETANR_@/\
ML_D7L/YX]C=GTG3^Q.\_E7U[TWU?UYUEM;>&;S.S]E[6ZMW3B,Y5U6]M\S;9
MIY,ON+-M0%XWI**2*"-1'?\`<TPU:"6179J!V``'V>O7J@4Z./\`[*KV=_L[
M_P#LPWW&UO[A?\-Q_P"RJ^'^*UG]X/\`2=_I<_OO]Q_#OX7]M_=;^#<?=_<>
M;S^GP6]7M[PV\;Q,:?#I^=>M5Q3Y]%Q^'7\O_O7HC??P6W'O:KV%+C_CG\<>
M[^JNP!@]P9&OJ)MS]A]B9C=.`DV]'48&A7)8M,97(*B65J=XY;JJ.!J+<4#H
MR$T[5(/YGK9(/3'LS^7=W[@/C%\)>H*ZLZ^.Z_CY_,<VI\JM^20;BR<F(FZQ
MPO8/9NYZRGP%8VWXY\ANDXW=U($I)8:>%I1(IG`4,VA`XC1,562I^RIZ]45_
M+I([J^"7S=Q75'R*^$W7--T!D?CG\ANX=Y=@TG>>Z=S[E@[`Z]V9O[=N,W1N
M#;67Z^IMMS4^ZMX4/\-,%#70UB4S:U:1HCI$&C#-I:%=/AL:U\Q7Y>O7JCCY
M]&>VG\(^RMH;[_F<9#'UNVIMJ?*KHSH;JOI)ZO-UDN9CJ^JOC5N?IW(S;[08
M=(L3'-GLG3O'+3M5F6#7(41@$+@A8-(?)E`'Y"F>M5X=`)4=+;LH-T?R?/A9
ME#C,AOOXUT-#\A^ZLAMNIJ,EBMH;=Z4V6VS=M5CU=134$DF)[![%S#8N@D:%
M))'I96T*L;^Z:#6*'\2Y/Y?YSUOU/5Z/M9U7H@6Y/BQN[=7\P?/?(K+O@Y.F
M-R?`+*?%C)TD.4J8]X/N[,=VS[YK7BQIQKT4>#;:E0RK5?<F057I\.GU^V#&
M3/XA^#13^=>MUQ3Y]$KZ*^#?R^H<I\,>D^Z:;INFZ!^"78V<[&VYV7M#=.;R
M&].Z*W&T^XX.J*8;*J]O4<6R7V\N?7^,>>LG2H:%O`S^EF:2&7L1Z:$-:^OI
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MHS$[<7;6!QU7%%64.V\?0I1L*CR.C<D#L`<$YKDC)\_RX?9UL'JXCJG;.Y-E
M=7=;;-WENJHWUN_:6P=G;9W7O:K1HZO>.Y,#MW'8K.;JJ4=F=*C<.4I9:MP2
M2&F-S[5*"%`)J0.J]+J:&*HBE@GBCG@GC>&:&9%DBFBD4I)%+&X9)(Y$8AE(
M((-C[MU[H`?]E+^*O_>,WQ]_]$SUS_\`8W[;\*+^%?V#K=3U[_92_BK_`-XS
M?'W_`-$SUS_]C?OWA1?PK^P=>J>O?[*7\5?^\9OC[_Z)GKG_`.QOW[PHOX5_
M8.O5/7O]E+^*O_>,WQ]_]$SUS_\`8W[]X47\*_L'7JGKW^RE_%7_`+QF^/O_
M`*)GKG_[&_?O"B_A7]@Z]4]>_P!E+^*O_>,WQ]_]$SUS_P#8W[]X47\*_L'7
MJGKW^RE_%7_O&;X^_P#HF>N?_L;]^\*+^%?V#KU3U[_92_BK_P!XS?'W_P!$
MSUS_`/8W[]X47\*_L'7JGI,;M^#WQ#WEB*C$9#XW=)4'E4^#)X+JW8N&R]#+
M8Z)J3(4.`BE&EK$QOKADL`Z,./>FAB84TC]G7JGJNSL'X!T'3&5.[=A=9[*R
MV+QXJYJ/<VT]D8'&[GP=/-!-3U`KJ?&T"9&G5J&:2.6>E9X6A+>3QAM'M*]N
M4R`".MUKT"WMKK?7O?NO=$@_F`[O.W>A)\'#*$J=[[FPF"9%;3*:"@DEW'62
MJ1SXA+AH8I+'D3:3P3[;E-%IZ]67CU1=[3=.=>]^Z]U[W[KW7O?NO=>]^Z]U
M[W[KW7:JS,%4%F8A5502S,38``<DD^_=>ZN,^%G\F[OWY'38?>G;E/DNB>G:
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M4$$4<$$$:0PPPHL<4,4:A(XHHT"I''&B@*H```L/?NO=9/?NO=>]^Z]U[W[K
MW7O?NO=>]^Z]U[W[KW7O?NO=1UI*1*J6M2EITK9XHH)ZM88UJIH(&D>"&6H"
MB62*%IG**20I8V^I]^Z]U(]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]
MU[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?
MNO=`;V)\=>K.R6FJ\M@5Q.:FNS9_;K1XK)R2'5>2J589<?D)&)%WJ()9+``,
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MVN:FE@Q%52[-H78$(LJ9:LT-<F(A0'5)8R'+D`?M/53(/+J^OXO?RR/B3\5)
M,=G-G["&\NQ*`1NO9G9,L&Z-T4]4FDBIP5*]-3;;VK-&^K1+C:&FJO&VB2:0
M<^UL=O%%D"K>IZ;+$_9U8)[?ZKU[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]
MU[W[KW7O?NO=>]^Z]U[W[KW18?EA\K-D_$#KS;W8N^=H=D;ZI=U=B[6ZMP&V
M.JL)@MP;ORF[=Y)DS@:6DQFX-S;3HYXZJ?&-"`E4TQFDC58VU$JW+((EU$$U
M-,=;`KT%G2?\P#8';W<>.Z$W%TM\E?CSVAN':F7WGLW;_P`BNLL;L5=]83;\
MT<6=?:E=A-V[NHZZKQ".99X97@=8D9A?B]4G5WT$,K4\Q2O7J>?1YX*VCJ9J
MJGIJNEJ*BAD2&M@@GBEFHY9(Q+'%511NST\CQ,&"N`2IN./;W6NNXJVCGJ*N
MD@JZ::KH#"M=2Q3Q25%$U3$)Z=:N%',E.9X3K0.!J7D7'OW7N@IZB[6J>S.N
MX>P-S==[YZ5=LGN"@JMI]LT-%M[<F.I\'FJS$09>N@CK:JD@QF<BI5JZ.0R_
MN4TR,0";>Z(VI=1!'V]>Z3?5OR3V+VWVQ\ANG=NXS=6/W+\:<_LO;N_,CGJ+
M#TFW\I6;YVS)NO$S[4JZ'.Y*OK:.EQT12I:LI:!TFX19%]?ORR!F9!6J\?SZ
MW3H>Z2KI*^FAK*&JIZVDJ$\D%5231U%-.A)`>&>%GBD2X^JDCW?K72:W9OC;
M.RMI[TWKGLG'%@.OL!F]R[LGHU?(U.*Q6WL//GLH\E#1">K>IAQ5.TJPJAED
M!&E3J%]$A02>`Z]T#.V_DMA=^57QKR/6VP.R-^];_)3;>Z=VXSMG#;<DIME]
M<8/![3HMU8"I[,;*2T65VY)O[[W['$QFG>26MC9'"6O[H)`=.D$JWGZ?;]O6
MZ=&&CR>-EKY\7%D**3)TT23U..CJX'KZ>"31XYIZ19#411/Y%LS*`=0_J/;E
M?+SZUT!7QL^2.QOE)L/,]A]?XK=>'PN#[!WQUO5TN\:'$8_*29S8.9DP>8JZ
M>#"YW<-(^)J:N,M32-.DSQ\O%&?3[;CD61=2UI6G[.MD4Z,%[<ZUU[W[KW7O
M?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]
MU[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?
MNO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U
M[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?N
MO=>]^Z]U[W[KW0;;RZ:Z@[&\I["ZJZVWV9U*3'>6QML;G\R&*6`I+_&\77>1
M3!,Z6-QH=A]"?=2BM\0!Z]4]`3D_Y?WPARQJFJOBGT3$:Q2DO\,ZXVWA0@*"
M,FE7#4-`M"VD?J@$;!N;W-_=#!"?PK^SJVIO7J!COY=OP9Q<0AIOBOTO*@E,
MU\CLS'9>76=-P9\LE;.8O0/1JT#GCDWUX$(_".O:F]>GW=OQ`ZB7`8BEZ8ZX
MZ/Z7W/M[>6T=Z87.XCI';$^+2MVIG8<TM#D\'M2OZ^R%=09+0\<@BR=*X\A;
M4>5;9B2G8%!KZ?\`%=:J?/I7_P!V_E5_S^;X^_\`I,W8W_W6GO=)?5?V'_H+
MKV.O?W;^57_/YOC[_P"DS=C?_=:>_4E]5_8?^@NO8Z]_=OY5?\_F^/O_`*3-
MV-_]UI[]27U7]A_Z"Z]CKW]V_E5_S^;X^_\`I,W8W_W6GOU)?5?V'_H+KV.O
M?W;^57_/YOC[_P"DS=C?_=:>_4E]5_8?^@NO8Z]_=OY5?\_F^/O_`*3-V-_]
MUI[]27U7]A_Z"Z]CKW]V_E5_S^;X^_\`I,W8W_W6GOU)?5?V'_H+KV.O?W;^
M57_/YOC[_P"DS=C?_=:>_4E]5_8?^@NO8Z]_=OY5?\_F^/O_`*3-V-_]UI[]
M27U7]A_Z"Z]CKW]V_E5_S^;X^_\`I,W8W_W6GOU)?5?V'_H+KV.O?W;^57_/
MYOC[_P"DS=C?_=:>_4E]5_8?^@NO8Z]_=OY5?\_F^/O_`*3-V-_]UI[]27U7
M]A_Z"Z]CJ9CMO_)J+(4,F6[<Z)K<5'64KY.BQWQU[`Q>0J\>DZ-6TM#DZGY1
MY>FQU944P9(IY*2J2%R':&0`HVZ2>96GV'_/U['0[>[]:ZJ3_G$[<S^Z^C/C
MK@ML9'+X/-9#YO\`QPIJ+<F"QT.4R>U9JC([CIH-T4U%54]50RR8&HG2I45"
M-3EXP)`5)!2W0)10..L=67HI'9?37R2ZE^:E)B:SNS?7R=[4WC\"OE7!\<NP
M]]X'&[0R?3W<%-@Y_P"%ILN/8T6.VC-E-RLL$50\U"V0$-F671&%9IED6:A)
M9BAH?0]>Q3\^BF_RT=L;<C[T^/67ZVW^]#W1M/JOM-/D]UGU?T!WQMKM#<-9
M7;2K!FL%\E^P^V>WLCUE4;VQ_8KBIV]6P8V@@J\LD1D@AA>FCA;MP-:Z3W@&
MH`-?S)-./#K9X=,?P6H,/U]\JOB_0;$Q6#[PWA7]E;^H-]Y+)=>=S=%_.+J7
M&;@DSTF[-P?*DXW=6Y^K]X[8QLPD62#+5V2^^"1K1N'U>+4-%D73DU-<$,/M
M\NO'AU@VU@]NX_XJ?RZ\A\G<%NE_A-M_Y4?,:L^35!'B]V38FBSE=N?<B=#Y
M?>V-VU2RYEMJ0;G:N\[Z#&T,I3U&5`?`#PH_$KX.IJ_Y.O>9IQZ#_<^VH*KK
M;Y]R?&7";^V[\7*GYD?$#([VI<QL[MBJ%5\5X-G=A1[JJ)]F1UNW.S,YU129
MZ?%5B8V&LQU0=MQQ(DM*H0I4@:7\.OAZU]>&?SI_DZWZ5X]+?=^T,&_\M[^9
MO7]&;]Q?8?2VZ=Q?%B3:^U.I>E.XNLNC]O[XQO<77G]]*OIRE[:[`[`W+F),
MU1FEDW"L#+3P5=-$8RL!A06('T\F@U2HX`@5J*TJ3^?6O,5Z-YWK\.>J^K/E
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MH71EPVO/&OYGA_+K9X=7Y_RA*"NQWQD[`@R%%5T,S_*CY'SI#64\U+*T$W8%
M4\,RQSHCM%,ANK`68<CVMM12,U_B/5&X]6G^U/6NO>_=>Z][]U[KWOW7NO>_
M=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[K
MWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=
M>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KW
MOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>
MZ][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWO
MW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z3.\MY[2Z[VMG=\;\W
M+A-G[/VQCYLKN'<VX\E28C"8;'4]O+5Y#(ULL--31!F"C4P+.P478@'1(45;
M`Z]T'W:7R,Z$Z/Q^$RG<G<?6W5M%N6W]WI-_;PP>U9<T-,;R-BZ7-5E'5UJ4
MZ2J93&C"$,->F_NK2(GQD#[>O4/0D[8W3MC>^W\5NS9FX\#N[:V=I$K\'N7;
M&7Q^?V_F:&1F5*W%9G%5%7CLC2.R$"2&1T)!YX]V!!%1D=>Z?O>^O=>]^Z]U
M[W[KW7O?NO=>]^Z]U[W[KW24IM];-J]Z93KBFW/A)=_83;^*W9E-G#(4XW'1
M[7S=;D,9BMQ28AG%:V$KLEBJFG2J5##YX6C+!Q;WK4*Z:]W7NE7[WU[IC&Y]
MM-N5]F#<.#.\(L'%N>3:@RU`=RQ[:GKYL5#N%\$*C^*)@YLI3R4RU9B^W:H1
MHP^M2!JHK3SZ]TS4W9/75;O"LZ\H]_;*J]_XZ`5.0V-3;IP4^\*&F:!:E:BL
MVS%7OFJ6`TSB0.\"KH(:]N??M2UTU&KTZ]T\[DW/MK9N%KMR;OW#@]J;=Q<:
MS9//[DRU!@L+CHGD6)9:[*Y2HI:&DC:5U4-)(H+$#ZGWXD`5.!U[IBG[/ZUI
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MKW7O?NO=>]^Z]U5O_,FJZC<>[O@/TA7K(=A=O?,_KV;L2`H9*#<6%ZRH<EO_
M`!>R<S#(?M*K$;AW'BZ2:6)P6<T"E.5/M-<9*(?A+BOY>76QY]%YZLV1U/W'
M_-P^?>-^3VV=C;\W3L/K;X_8[X\;1[+Q.#W+A,?U+D-FU.7[#S&T\!N:GR-!
M*\6XJRBDK:N)3)33Y*KCNB2R(M%"O=/XE"0!2OIY];_"*=!XW:?5/6.(Z@^-
MO\L7N"?KO8OR8^;/:.P-[=PUFVLMO'9G3VY,!MC'9[>6Q>CZ/L?`T.SJV/<\
ML]%3X*7'OD\*9!*U-))-,TZ5U*H$=N:*SD$^GR%?Y=>^9Z3'>/S+^7WQRZ2_
MF:]8#O5.RNS/AU5_%#+=8?(YNO.OZ3/##]^;VV739O96^]IKM[(]>U&X\%A:
MRJI8:AJ.6:JAFDJ&$4T:"/3RRQI(NJK)IH:#S]?+KU`:=+#>.:^?^&^3GR1^
M-]/\\<HE!LKXK0_++%;QBZ!ZB&9HLU1Y/*8,]<8:BJ,?4T&,V16Y&G\\TDPK
M,AX*>"%959JN:IVQG$C1Z^"ZN`_9U[%*TZ@=7?);YH?+7?GQ`ZQVS\D/]!0[
MG_E_9'NWL'/;9ZHZXW355_8V"[%K=F-N+$Q;EP\LV"J,PL$#U$%/.M!%$9EI
MZ>&5HIH?+)-*RJ&TU2IP.-:=>H!^WI!?&WY:?-_+[$_EJ_);?_R1@WMMCY7]
M_57QWWSTO)U-U]@L!!A:#<&]]C1;R3=.(QT.YIMY55=L.7*3R0R4M)YZI(8X
M(Z>.2*>L<LQ6.1FJ&:A%!]G^3K9`R.I6=^7/S0J?C%W!_,BQ_P`D\/MW;_6'
M?6:V;C/AM7=:[)_NC/L7!=L8CKS_`$?;MWE48^;L.E[.RM#E%R'WL,@D!,:1
MQ10S6AV99O#-QJH`WPT^=*>M>O4%:=+WM+NWYO;_`-X_S0=Q;`^5&6Z8V/\`
M"3:VV^Q^O>O:?IKJG/Y7)U4?1M7VI7;2W+G]P;=FR<>'FJ]OSPSI-]Y4&>KY
MD\$'V\NV>9C(5:@05`H/2O6L8Z%3<W9^Y,_VY_)4^4314]-V)\@^OLAL3M*C
MP=.U+0[CVKW)T5M;LO)T%3'&[U+8396]Z!,K0PLS102`LQ^I-BQ+PR?B89_,
M5_P]>]1U=S[6=5ZHYZ&ZCI.C?YM?R,PVSMP]B;\RF8^"F!WJ,CVSOS/]C;CK
MMQU_:\='2XUMP;BK6R2X2!,130T]+YDCIXP50J#PC1-%TP%3V>9KY]6/P_GU
M6O\`"K&;EZZV_P#R[ODSVOU/\:>Q:'Y#?*ZNZ[I>PL%%V#BOF1C.V>P=Z;]I
M&[(W_P!C8[<5)C=W8:CRF*JX<K@JJEFQE+AA!!)#YZJJE]IX:J(Y&"D,U*YU
M5-<D];/F.K<?Y@;[+[>[Z_EK]<[D;:G8'0^\/DUOR/L#"5E5B]P[+S^]MF=:
MY2;86V-RT+3U>%R^O-5E9&^.JHIEF>\3I9BCJIZ,\:G*%C7TK3'6AP/KT4?I
M7XD57<^XOEQU[U"W4>'Z_P#C#_,3WQNSJGK+M;KQNSOCC6Y/<O3_`/=7L'86
M:ZVQN>V_34F,V=6[D2OQ%/1M%%A<FIT1>MO&TD6LNJTTK(2`14<,BG7B?\'2
MKZ@[4HOBQD.L=MT.P^U/E%!T/TGVAMOIN#9IVAML4?3G5FY<11?*#Y,BAWWN
M_$XW^'[@WY54^U=D8JEJJRJDVWMT-23^#+LTNT81T%"VD&GV#B<_/`^0^?7N
M/5IO^SS?'3_GJ\A_V2%_L\W_`!8LA_V3I_SU?^;_`.+A_P!,'_`C_#VI\:/U
M_!J_+K5#T;WV[UKKWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>
MZ][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWO
MW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z
M][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW
M7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z]
M[]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NJ^_YBNW=B;GZWZ7Q
MV9[!Q/6G<$/R=Z9RGQ5W#F<#NK<>+J_D=BLQ5U^S-L9K&[-Q.8S";9W7AX,G
MC\E4ND='14L[5$[@1JKL3@%1FCZA3[>MCH%OYC!_E1-E-@-_,4CZ[AWXV'4[
M6ABF[3J=^Q8,UDI>.2HZ7@I=\S[,3,?<"F?(Q1X]IA.457,P%+CZ;'CTK^=?
MY=;%?+I4]A_\-5?[(]LS^^O^A/\`V2C^+4O^CK^#_P`8_AW]\?-FM/\`<7^Z
M'_&1O])GF_B?W/\`#O\`<_?[SS_\I'O;?3>"*T\'R^W_``U_GUK-?GT@-C_\
M-`?[)%W)_<[_`$>?[*!_>G;/^GOS?Z5O[P_WO_OKMG^ZG^D_^-_\9S_C']\O
MX=]K_$?7>]OV?+[T/I?!-*>%Y\?Y^?6^ZOSZ.-N'_91O]F%[6_O!_!/]F#_V
M6AO]*GE_O?\`Q/\`V6O^-5^K[S[?_?O?PG^->?\`X"?[D]5_[-O;I\+Q#7X]
M.?LZUFGRZ#/X^_\`#?G^D#H?_0!_=G^_W^RT97_05_#?](7W/^RU_P!^)?XI
M_#O[P_[C_P"$_P!]M5_O_P#<GY/T_M>ZIX&I='Q:<<>%?\_7C7SZ3.P/^&U_
M]"WPS_N%_=3_`$,?Z<:K_9./MO\`29]A_IO_`+U[Y^Z_@7\0_P!S7\0_O5_'
M+_QG_(=>NW[?B]Z7Z?0FGX-7;QX_ZO7KV>B^[P_X9*_V<&I_O?\`Z'O]F7_T
MF1?QC[C_`$F?Z.?],?WU1?\`O5]I_P`XZ_Z2_P",>;S_`,2_W*??>3R_OZ_=
M#]'XN:>)7YTK_@KUONI\NCG5'^R0^;YZ?<?W>\W]V5_V>^_]^;_W:_T59G3_
M`'CT\>'_`$6?>?\`%A_=\-_]WZ?;OZ/?]G=Q]/\`-Z=:SCH#:';W0-5\I_Y?
M&YZ3?NV<7U)B?C;NS$?R_.M<3B.P*N?=>1R6P-N5.[=WY/<.4P+8/#8_;?05
M+BJ7!X_*5JY2K:JJIPWEC:(THGB(:C1I[1GT_P`W#KV:'JU7VIZUT6C%_P"R
MU_[-ONG^%_PG_9L_]!V#_O1H_O-_&O\`0A_>^3^">;R_[]'^'_WNU:?%_EVO
M]7[?MO\`3\7_`(;I_EUO-/ET1;J'_AG_`/V=7)?Z(_\`1G_LV_\`>O>OA^S_
M`-)O]V_[_P#AJ/[]?W#_`(Q_Q@S^_?@\WWG\`_W)V\E_[?ME?I?&[:>+7Y\?
M\%?LZWW4^73]OW_AJ+_92\Y_?G^XW^RP?Z>MR:_^9I_Q3_9B/XSD_P"\']Q/
MX/\`\97_`+_?Q#[VW]W_`-W[?[CQ?Y/Y?>V^F\+-/#U?/C_AK]G7NZOSZ,/\
M5?\`9+_]E8R/^RD_8_[+O]OO;^-?Z/O](_\`?'^+?P]O[Y?QOR_\9N_TG?8>
M._W/^_F_X#>'U?;^[Q^%X?Z7P?*O_%U_GUHUKGCT"'R<_P"&O/\`17\;?]F#
M_N=_HS_N='_LN7]W?]*/F_T7_P!W-M?Q#[#_`$2?[^;_`$1_W9_A/\:_BO\`
MOWO!]O\`Q#^Q[I+]-I7Q*::8X\/R\OY=>%?+HZ?_`#C9_P!^>_YD1_V:?_9-
6G_VGO_63[>_3_H_#\N'^;^76L]?_V3\_
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
