Welcome to our dedicated page for Reaves Utility Income news (Ticker: UTG), a resource for investors and traders seeking the latest updates and insights on Reaves Utility Income stock.
Reaves Utility Income Fund (UTG) is a closed-end management investment company that focuses on utility and infrastructure-related investments, with an objective of providing a high level of income and total return consisting primarily of tax-advantaged distributions and capital appreciation. The UTG news feed on Stock Titan highlights the fund’s recurring communications about its monthly distribution policy and portfolio orientation toward utility and communications companies.
News items for UTG frequently cover announcements of regular monthly dividends or distributions, including the per-share rate and the schedule of ex-dates, record dates, and payable dates. These releases often include commentary from the fund’s portfolio management, discussing expectations for income streams from investments in high-quality utility and communications companies and how those income streams relate to the fund’s ability to support its distributions.
Many UTG news releases also describe the fund’s continued policy that not less than eighty percent of its assets will be invested in securities of domestic and foreign companies involved in the generation or distribution of electricity, gas, or water, telecommunications activities, and infrastructure operations such as airports, toll roads, and municipal services. Updates may reference the Rule 19b-1 exemption and explain that distributions can include income, capital gains, and return of capital, with final tax character determined after year end.
By following the UTG news page, readers can review a historical record of the fund’s declared distribution rates, timing of payments, and management’s commentary on its utility and infrastructure investment focus. This can help investors understand how the fund has communicated its income objectives and distribution practices over time.
On September 30, 2024, the Reaves Utility Income Fund (NYSE American:UTG) paid a monthly distribution of $0.19 per share to shareholders. The distribution sources were: 23.78% from net investment income, 76.22% from net realized long-term capital gain. For the fiscal year-to-date, cumulative distributions were: 22.12% from net investment income, 1.34% from net realized short-term capital gain, 74.38% from net realized long-term capital gain, and 2.16% from return of capital.
The Fund's performance indicators show an annualized distribution rate of 7.61% and a cumulative total return on NAV of 30.97% for the fiscal year to date. The average annual total return on NAV for the 5-year period ended August 31, 2024, was 3.82%. The Fund's distribution policy is subject to modification by the Board of Trustees based on various factors.
The Reaves Utility Income Fund (NYSE American:UTG) paid a monthly distribution of $0.19 per share on August 30, 2024. The distribution sources were: 15.37% from net investment income, 84.63% from net realized long-term capital gain. For the fiscal year-to-date, the cumulative distribution sources were: 21.96% from net investment income, 1.47% from net realized short-term capital gain, 74.19% from net realized long-term capital gain, and 2.38% from return of capital.
The Fund's performance metrics include an annualized distribution rate of 7.98% and a cumulative total return of 24.11% for the fiscal year to date. The average annual total return for the 5-year period ended July 31, 2024, was 3.27%. Shareholders are reminded that distribution rates do not measure investment value, which is determined by market supply and demand for Fund shares.
The Reaves Utility Income Fund (NYSE American:UTG) paid a monthly distribution of $0.19 per share on July 31, 2024. The distribution was entirely from net realized long-term capital gain. For the fiscal year-to-date, distributions came from various sources: 22.69% net investment income, 1.64% short-term capital gain, 73.03% long-term capital gain, and 2.64% return of capital.
The Fund's annualized distribution rate is 8.47% of NAV, with a cumulative total return on NAV of 16.13% for the fiscal year to date. The 5-year average annual total return on NAV is 2.00%. The Fund's distribution policy is subject to modification by the Board of Trustees, considering factors such as NAV and market conditions.
The Reaves Utility Income Fund (NYSE American: UTG) has announced its upcoming regular monthly distributions of $0.19 per share, consistent with the previous quarter. The fund's market price was $27.16 per share and its net asset value was $26.86 per share as of July 2, 2024.
Tim Porter, the Fund's co-portfolio manager and Chief Investment Officer, expressed confidence in the portfolio's ability to continue supporting monthly distributions. The fund, adhering to the 19b-1 exemption from the SEC, may source distributions from various income types, including capital gains and return of capital.
Focusing on utility and infrastructure investments, the fund maintains at least 80% of its assets in companies involved in electricity, gas, water generation, telecommunications, and infrastructure operations. The upcoming distribution dates are July 31, August 30, and September 30, 2024.
With $2.83 billion in assets and 83.30 million shares outstanding as of early July 2024, the fund aims for high after-tax income and total return through tax-advantaged distributions and capital appreciation.
On June 28, 2024, the Reaves Utility Income Fund (NYSE American: UTG) issued a monthly distribution of $0.19 per share to shareholders of record as of June 17, 2024. The distribution sources include 31.95% from net investment income, 14.72% from net realized short-term capital gains, and 53.33% from net realized long-term capital gains, with no return of capital. Year-to-date distributions total $1.52 per share. For tax purposes, the final character of distributions will be reported on IRS Form 1099-DIV in January 2025.
The Fund's fiscal year-to-date return on NAV is 21.10%, with a 5-year average annual total return of 3.91%. The distribution rate as a percentage of NAV is 8.07%. The Board of Trustees regularly reviews the distribution policy, which may be modified based on the Fund's performance and market conditions. It is important to note that past performance does not guarantee future results.
On May 31, 2024, Reaves Utility Income Fund (NYSE American: UTG) announced a monthly distribution of $0.19 per share to shareholders of record on May 17, 2024. The sources of distribution include 25.95% from net investment income and 74.05% from net realized long-term capital gains. Fiscal year-to-date, the Fund has distributed $1.33 per share, with 24.61% from net investment income, 71.99% from net realized long-term capital gains, and 3.40% from return of capital. The annualized distribution rate as a percentage of NAV is 8.74%. Return figures show an 11.05% cumulative total return on NAV for the fiscal year to date and a 1.66% average annual total return over the past five years. The Fund's distribution policy is under regular review by the Board of Trustees and may be modified at any time. These distributions may be taxable and will be reported on Form 1099-DIV in January 2025.
Reaves Utility Income Fund (NYSE American: UTG) released a Section 19(a) Notice detailing its monthly distribution of $0.19 per share to shareholders. The distribution breakdown includes net investment income, short-term and long-term capital gains, and return of capital percentages. Fiscal year-to-date cumulative distributions and tax implications were also disclosed. The fund's performance, distribution rates, and total returns were provided, cautioning shareholders about not solely relying on NAV performance. The Board of Trustees will monitor distribution levels, subject to modification.
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