Reaves Utility Income Fund Announces Regular Monthly Distributions of $0.19 Per Share
Reaves Utility Income Fund (UTG) has declared its next three monthly distributions at $0.19 per common share, maintaining the previous quarter's rate. As of April 2, 2025, the Fund's market price stood at $33.05 per share with a net asset value of $33.01.
The Fund, managing approximately $3.64 billion in total assets with 88.61 million common shares outstanding, maintains its investment focus with at least 80% of assets in utilities and infrastructure companies. The upcoming distributions are scheduled for April 30, May 30, and June 30, 2025.
The Fund operates under a 19b-1 exemption, with distributions potentially sourced from various channels including short-term capital gain, long-term capital gain, and return of capital. The final determination of distribution sources and qualified dividend income percentage will be made after year-end.
Il Reaves Utility Income Fund (UTG) ha dichiarato le sue prossime tre distribuzioni mensili di $0,19 per azione ordinaria, mantenendo il tasso del trimestre precedente. Al 2 aprile 2025, il prezzo di mercato del Fondo era di $33,05 per azione, con un valore patrimoniale netto di $33,01.
Il Fondo gestisce circa $3,64 miliardi in attivi totali con 88,61 milioni di azioni ordinarie in circolazione e mantiene il suo focus sugli investimenti con almeno l'80% degli attivi in aziende di servizi pubblici e infrastrutture. Le prossime distribuzioni sono programmate per il 30 aprile, il 30 maggio e il 30 giugno 2025.
Il Fondo opera sotto un'esenzione 19b-1, con distribuzioni che possono provenire da vari canali, inclusi guadagni in conto capitale a breve termine, guadagni in conto capitale a lungo termine e restituzione di capitale. La determinazione finale delle fonti di distribuzione e della percentuale di reddito da dividendi qualificati sarà effettuata dopo la fine dell'anno.
El Reaves Utility Income Fund (UTG) ha declarado sus próximas tres distribuciones mensuales de $0.19 por acción ordinaria, manteniendo la tasa del trimestre anterior. A partir del 2 de abril de 2025, el precio de mercado del Fondo era de $33.05 por acción, con un valor neto de activos de $33.01.
El Fondo gestiona aproximadamente $3.64 mil millones en activos totales con 88.61 millones de acciones ordinarias en circulación, manteniendo su enfoque de inversión con al menos el 80% de los activos en empresas de servicios públicos e infraestructura. Las próximas distribuciones están programadas para el 30 de abril, el 30 de mayo y el 30 de junio de 2025.
El Fondo opera bajo una exención 19b-1, con distribuciones que pueden provenir de varios canales, incluidos ganancias de capital a corto plazo, ganancias de capital a largo plazo y retorno de capital. La determinación final de las fuentes de distribución y el porcentaje de ingresos por dividendos calificados se realizará después del cierre del año.
리브스 유틸리티 인컴 펀드 (UTG)는 보통주당 $0.19의 다음 3개월 배당금을 발표하며, 이전 분기의 비율을 유지합니다. 2025년 4월 2일 기준으로, 펀드의 시장 가격은 $33.05로, 순자산 가치는 $33.01입니다.
펀드는 총 자산 약 $3.64억을 관리하며, 88.61백만 주식이 유통되고 있으며, 자산의 최소 80%를 유틸리티 및 인프라 회사에 투자하는 데 집중하고 있습니다. 예정된 배당금은 2025년 4월 30일, 5월 30일, 6월 30일에 지급될 예정입니다.
펀드는 19b-1 면세 혜택을 받으며, 배당금은 단기 자본 이득, 장기 자본 이득 및 자본 환급 등 여러 경로에서 발생할 수 있습니다. 배당금 출처와 자격 있는 배당 소득 비율의 최종 결정은 연말 이후에 이루어질 것입니다.
Le Reaves Utility Income Fund (UTG) a déclaré ses trois prochaines distributions mensuelles à 0,19 $ par action ordinaire, maintenant le taux du trimestre précédent. Au 2 avril 2025, le prix du marché du Fonds était de 33,05 $ par action, avec une valeur nette d'actifs de 33,01 $.
Le Fonds gère environ 3,64 milliards $ d'actifs totaux avec 88,61 millions d'actions ordinaires en circulation, et maintient son objectif d'investissement avec au moins 80 % des actifs dans des entreprises de services publics et d'infrastructure. Les distributions à venir sont prévues pour le 30 avril, le 30 mai et le 30 juin 2025.
Le Fonds opère sous une exemption 19b-1, les distributions pouvant provenir de diverses sources, y compris des gains en capital à court terme, des gains en capital à long terme et un retour de capital. La détermination finale des sources de distribution et du pourcentage de revenus de dividendes qualifiés sera faite après la fin de l'année.
Der Reaves Utility Income Fund (UTG) hat seine nächsten drei monatlichen Ausschüttungen von $0,19 pro Stammaktie bekannt gegeben und hält damit den Satz des vorherigen Quartals. Am 2. April 2025 lag der Marktpreis des Fonds bei $33,05 pro Aktie, mit einem Nettovermögen von $33,01.
Der Fonds verwaltet etwa $3,64 Milliarden an Gesamtkapital mit 88,61 Millionen ausgegebenen Stammaktien und behält seinen Investitionsfokus bei, indem er mindestens 80% der Mittel in Versorgungs- und Infrastrukturunternehmen investiert. Die kommenden Ausschüttungen sind für den 30. April, den 30. Mai und den 30. Juni 2025 geplant.
Der Fonds arbeitet unter einer 19b-1-Befreiung, wobei Ausschüttungen potenziell aus verschiedenen Quellen stammen können, darunter kurzfristige Kapitalgewinne, langfristige Kapitalgewinne und Rückzahlung von Kapital. Die endgültige Bestimmung der Ausschüttungsquellen und des Anteils an qualifizierten Dividenden wird nach Ende des Jahres getroffen.
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DENVER, CO / ACCESS Newswire / April 7, 2025 / 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: April 17, 2025
Record Date: April 17, 2025
Payable Date: April 30, 2025
Ex-Date: May 19, 2025
Record Date: May 19, 2025
Payable Date: May 30, 2025
Ex-Date: June 17, 2025
Record Date: June 17, 2025
Payable Date: June 30, 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 ACCESS Newswire
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