Reaves Utility Income Fund Announces Regular Monthly Distributions of $0.19 Per Share
Reaves Utility Income Fund (UTG) has declared monthly distributions of $0.19 per common share for the next three months, maintaining the previous quarter's rate. As of December 9, 2024, the Fund's market price was $33.62 per share with a net asset value of $33.58 per share.
The Fund, managing approximately $3.66 billion in total assets with 87.80 million common shares outstanding, maintains its investment focus on utility and infrastructure companies. At least 80% of assets are invested in companies involved in electricity/gas/water generation/distribution, telecommunications, and infrastructure operations.
The upcoming distributions are scheduled for payment on January 17, February 28, and March 31, 2025. The Fund continues its strategy of providing high after-tax income and total return through tax-advantaged distributions and capital appreciation.
Il Reaves Utility Income Fund (UTG) ha dichiarato distribuzioni mensili di 0,19 $ per azione ordinaria per i prossimi tre mesi, mantenendo il tasso del trimestre precedente. A partire dal 9 dicembre 2024, il prezzo di mercato del Fondo era di 33,62 $ per azione, con un valore netto dell'attivo di 33,58 $ per azione.
Il Fondo, che gestisce circa 3,66 miliardi $ in attivi totali con 87,80 milioni di azioni ordinarie in circolazione, mantiene il suo focus di investimento su aziende dei settori dei servizi pubblici e delle infrastrutture. Almeno l'80% degli attivi è investito in aziende coinvolte nella generazione/distribuzione di elettricità/gas/acqua, telecomunicazioni e operazioni infrastrutturali.
Le distribuzioni in arrivo sono programmate per il pagamento il 17 gennaio, 28 febbraio e 31 marzo 2025. Il Fondo continua la sua strategia di fornire un alto reddito dopo le imposte e un rendimento totale attraverso distribuzioni fiscalmente vantaggiose e l'apprezzamento del capitale.
El Reaves Utility Income Fund (UTG) ha declarado distribuciones mensuales de 0,19 $ por acción ordinaria para los próximos tres meses, manteniendo la tasa del trimestre anterior. A partir del 9 de diciembre de 2024, el precio de mercado del Fondo era de 33,62 $ por acción, con un valor neto de activo de 33,58 $ por acción.
El Fondo, que gestiona aproximadamente 3,66 mil millones $ en activos totales con 87,80 millones de acciones ordinarias en circulación, mantiene su enfoque de inversión en empresas de servicios públicos e infraestructura. Al menos el 80% de los activos están invertidos en empresas involucradas en la generación/distribución de electricidad/gas/agua, telecomunicaciones y operaciones de infraestructura.
Las distribuciones próximas están programadas para el pago el 17 de enero, 28 de febrero y 31 de marzo de 2025. El Fondo continúa su estrategia de proporcionar altos ingresos después de impuestos y rendimiento total a través de distribuciones con ventajas fiscales y la apreciación del capital.
리버스 유틸리티 수익 펀드 (UTG)는 다음 3개월 동안 주당 0.19 달러의 월별 배당금을 선언하며, 이전 분기의 비율을 유지합니다. 2024년 12월 9일 현재, 펀드의 시장 가격은 주당 33.62 달러이며, 순자산 가치는 주당 33.58 달러입니다.
펀드는 약 36억 6천만 달러의 총 자산을 관리하며, 87.80 백만 개의 보통주가 발행되어 있습니다. 펀드는 유틸리티 및 인프라 회사에 투자하는 데 중점을 둡니다. 자산의 최소 80%는 전기/가스/수도 생성/배급, 통신 및 인프라 운영에 관련된 회사에 투자됩니다.
예정된 배당금은 2025년 1월 17일, 2월 28일, 3월 31일에 지급될 예정입니다. 펀드는 세후 높은 수익 및 총 수익을 제공하기 위한 전략을 지속하며, 세금 우대 배당금 및 자본 증식을 통해 이를 실현합니다.
Le Reaves Utility Income Fund (UTG) a déclaré des distributions mensuelles de 0,19 $ par action ordinaire pour les trois prochains mois, maintenant le taux du trimestre précédent. Au 9 décembre 2024, le prix de marché du Fonds était de 33,62 $ par action, avec une valeur nette d'actif de 33,58 $ par action.
Le Fonds, gérant environ 3,66 milliards de dollars d'actifs totaux avec 87,80 millions d'actions ordinaires en circulation, maintient son focus d'investissement sur les entreprises de services publics et d'infrastructure. Au moins 80 % des actifs sont investis dans des entreprises impliquées dans la génération/distribution d'électricité/de gaz/d'eau, les télécommunications et les opérations d'infrastructure.
Les distributions à venir sont programmées pour paiement le 17 janvier, le 28 février et le 31 mars 2025. Le Fonds continue sa stratégie de fournir un revenu élevé après impôt et un rendement total grâce à des distributions avantageuses sur le plan fiscal et à l'appréciation du capital.
Der Reaves Utility Income Fund (UTG) hat monatliche Ausschüttungen von 0,19 $ pro Stammaktie für die nächsten drei Monate erklärt und damit den Satz des vorherigen Quartals beibehalten. Am 9. Dezember 2024 lag der Marktpreis des Fonds bei 33,62 $ pro Aktie, mit einem Nettovermögen von 33,58 $ pro Aktie.
Der Fonds verwaltet etwa 3,66 Milliarden $ an Gesamteigentum mit 87,80 Millionen ausstehenden Stammaktien und konzentriert sich weiterhin auf Investitionen in Versorgungs- und Infrastrukturunternehmen. Mindestens 80% der Vermögenswerte sind in Unternehmen investiert, die in der Erzeugung/Verteilung von Strom/Gas/Wasser, Telekommunikation und Infrastruktur tätig sind.
Die bevorstehenden Ausschüttungen sind für die Zahlung am 17. Januar, 28. Februar und 31. März 2025 geplant. Der Fonds setzt seine Strategie fort, ein hohes Einkommen nach Steuern und eine Gesamtrendite durch steuerlich begünstigte Ausschüttungen und Kapitalwertsteigerung zu bieten.
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DENVER, CO / ACCESSWIRE / December 16, 2024 / Reaves Utility Income Fund (NYSE American:UTG) announced today the next three, monthly, distributions at a rate of
Tim Porter, the Fund's co-portfolio manager and Chief Investment Officer of Reaves Asset Management, the Fund's investment adviser, commented, "We remain confident that our portfolio of utility and infrastructure companies will continue to support the Fund's monthly distribution to shareholders."
The Fund has formally implemented the 19b-1 exemption received from the Securities and Exchange Commission in 2009. A portion of each distribution may be treated as paid from sources other than net income, including but not limited to short-term capital gain, long-term capital gain and return of capital. The final determination of the source of these distributions, including the percentage of qualified dividend income, will be made after the Fund's year end.
Not less than eighty percent of the Fund's assets will continue to be invested in the securities of domestic and foreign companies involved to a significant extent in providing products, services, or equipment for (i) the generation or distribution of electricity, gas or water, (ii) telecommunications activities or (iii) infrastructure operations, such as airports, toll roads and municipal services ("Utilities" or the "Utility Industry"). As a policy, the Fund continues to strive to provide a high level of after-tax income and total return consisting primarily of tax-advantaged distributions and capital appreciation.
The following dates apply to the upcoming distributions that have been declared:
Ex-Date: December 31, 2024
Record Date: December 31, 2024
Payable Date: January 17, 2025
Ex-Date: February 18, 2025
Record Date: February 18, 2025
Payable Date: February 28, 2025
Ex-Date: March 18, 2025
Record Date: March 18, 2025
Payable Date: March 31, 2025
Reaves Utility Income Fund
The investment objective of the Fund is to provide a high level of income and total return consisting primarily of tax-advantaged distributions and capital appreciation. There were approximately
An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain an annual report or semi-annual report which contains this and other information visit www.utilityincomefund.com or call 1-800-644-5571. Read them carefully before investing.
There is no guarantee that distributions will be paid or that the rate will remain the same.
Paralel Distributors LLC, FINRA Member Firm.
SOURCE: Reaves Utility Income Fund
View the original press release on accesswire.com
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