Reaves Utility Income Fund Section 19(a) Notice
Reaves Utility Income Fund (UTG) distributed a monthly payment of $0.19 per share on October 31, 2024, to shareholders of record as of October 18, 2024. The distribution breakdown shows 0.97% from net investment income and 99.03% from net realized long-term capital gain. For the fiscal year-to-date, cumulative distributions include 20.36% from net investment income, 1.23% from short-term capital gains, 76.43% from long-term capital gains, and 1.98% from return of capital.
The Fund's performance metrics indicate a 7.02% annualized distribution rate and a 43.73% cumulative total return on NAV for the fiscal year to date. The 5-year average annual total return through September 30, 2024, stands at 4.87%.
Il Reaves Utility Income Fund (UTG) ha distribuito un pagamento mensile di $0,19 per azione il 31 ottobre 2024, agli azionisti registrati al 18 ottobre 2024. La suddivisione della distribuzione mostra il 0,97% del reddito netto da investimenti e il 99,03% da guadagni in conto capitale a lungo termine realizzati. Fino ad oggi, le distribuzioni cumulative per l'anno fiscale includono il 20,36% da reddito netto da investimenti, l'1,23% da guadagni in conto capitale a breve termine, il 76,43% da guadagni in conto capitale a lungo termine e l'1,98% da rimborso di capitale.
I parametri di performance del fondo indicano un tasso di distribuzione annualizzato del 7,02% e un rendimento totale cumulativo del 43,73% sul NAV per l'anno fiscale fino ad oggi. Il rendimento totale medio annuo su un periodo di 5 anni, fino al 30 settembre 2024, si attesta al 4,87%.
El Reaves Utility Income Fund (UTG) distribuyó un pago mensual de $0.19 por acción el 31 de octubre de 2024, a los accionistas registrados hasta el 18 de octubre de 2024. La distribución se desglosa en un 0.97% de ingresos netos por inversiones y un 99.03% de ganancias de capital a largo plazo realizadas. Hasta la fecha, las distribuciones acumuladas del año fiscal incluyen un 20.36% de ingresos netos por inversiones, un 1.23% de ganancias de capital a corto plazo, un 76.43% de ganancias de capital a largo plazo y un 1.98% de devolución de capital.
Los métricas de rendimiento del fondo indican una tasa de distribución anualizada del 7.02% y un rendimiento total acumulado del 43.73% sobre el NAV para el año fiscal hasta la fecha. El rendimiento total promedio anual durante los últimos 5 años, hasta el 30 de septiembre de 2024, es del 4.87%.
Reaves 유틸리티 수익 기금 (UTG)은 2024년 10월 31일에 주당 $0.19의 월별 배당금을 배포하였으며, 2024년 10월 18일 기준의 주주에게 지급되었습니다. 배당금의 분배는 0.97%가 순 투자 소득에서 나오고, 99.03%가 실현된 장기 자본 이익에서 나왔습니다. 회계연도 기준으로 누적 배당금은 순 투자 소득에서 20.36%, 단기 자본 이익에서 1.23%, 장기 자본 이익에서 76.43%, 자본 반환에서 1.98%를 포함하고 있습니다.
기금의 성과 지표는 7.02% 연환산 배당률과 43.73% 누적 총 수익률을 나타내며, 오늘날까지 순자산가치(NAV)에 대한 기준입니다. 2024년 9월 30일까지의 5년 평균 연간 총 수익률은 4.87%입니다.
Le Reaves Utility Income Fund (UTG) a distribué un paiement mensuel de 0,19 $ par action le 31 octobre 2024, aux actionnaires inscrits au 18 octobre 2024. La répartition de la distribution montre 0,97 % provenant des revenus nets d'investissement et 99,03 % provenant des gains en capital à long terme réalisés. Pour l'exercice en cours, les distributions cumulées comprennent 20,36 % provenant des revenus nets d'investissement, 1,23 % provenant des gains en capital à court terme, 76,43 % provenant des gains en capital à long terme et 1,98 % provenant du remboursement de capital.
Les indicateurs de performance du fonds montrent un taux de distribution annualisé de 7,02 % et un rendement total cumulé de 43,73 % sur la valeur nette d'inventaire (VNI) pour l'exercice en cours. Le rendement total annuel moyen sur 5 ans jusqu'au 30 septembre 2024 est de 4,87 %.
Der Reaves Utility Income Fund (UTG) hat am 31. Oktober 2024 eine monatliche Ausschüttung von 0,19 $ pro Aktie an die Aktionäre ausgeschüttet, die am 18. Oktober 2024 registriert sind. Die Aufschlüsselung der Ausschüttung zeigt 0,97% aus Nettoinvestitionseinkommen und 99,03% aus realisierten langfristigen Kapitalgewinnen. Für das laufende Geschäftsjahr belaufen sich die kumulierten Ausschüttungen auf 20,36% aus Nettoinvestitionseinkommen, 1,23% aus kurzfristigen Kapitalgewinnen, 76,43% aus langfristigen Kapitalgewinnen und 1,98% aus Kapitalrückzahlung.
Die Leistungskennzahlen des Fonds zeigen eine annualisierte Ausschüttungsrate von 7,02% und eine kumulative Gesamtrendite von 43,73% auf NAV für das laufende Geschäftsjahr. Die durchschnittliche jährliche Gesamtrendite über einen Zeitraum von 5 Jahren bis zum 30. September 2024 liegt bei 4,87%.
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Statement Pursuant to Section 19(a) of the Investment Company Act of 1940
DENVER, CO / ACCESSWIRE / October 31, 2024 / On October 31, 2024, the Reaves Utility Income Fund (NYSE American:UTG) (the "Fund"), a closed-end sector fund, paid a monthly distribution on its common stock of
The following table sets forth the estimated amount of the sources of distribution for purposes of Section 19 of the Investment Company Act of 1940, as amended, and the related rules adopted thereunder. In accordance with generally accepted accounting principles ("GAAP"), the Fund estimates the following percentages, of the total distribution amount per share, attributable to (i) current and prior fiscal year net investment income, (ii) net realized short-term capital gain, (iii) net realized long-term capital gain and (iv) return of capital or other capital source as a percentage of the total distribution amount. These percentages are disclosed for the current distribution as well as the fiscal year-to-date cumulative distribution amount per share for the Fund.
Current Distribution from: |
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| Per Share ($) |
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Net Investment Income |
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| 0.00184 |
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| 0.97 | % |
Net Realized Short-Term Capital Gain |
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| 0.00000 |
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| 0.00 | % |
Net Realized Long-Term Capital Gain |
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| 0.18816 |
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| 99.03 | % |
Return of Capital or other Capital Source |
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| 0.00000 |
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| 0.00 | % |
Total (per common share) |
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| 0.19000 |
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| 100.00 | % |
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Fiscal Year-to-Date Cumulative |
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Distributions from: |
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| Per Share ($) |
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| % |
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Net Investment Income |
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| 0.46423 |
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| 20.36 | % |
Net Realized Short-Term Capital Gain |
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| 0.02797 |
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| 1.23 | % |
Net Realized Long-Term Capital Gain |
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| 1.74264 |
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| 76.43 | % |
Return of Capital or other Capital Source |
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| 0.04516 |
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| 1.98 | % |
Total (per common share) |
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| 2.28000 |
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| 100.00 | % |
The timing and character of distributions for federal income tax purposes are determined in accordance with income tax regulations which may differ from GAAP. As such, all or a portion of this distribution may be reportable as taxable income on your 2024 federal income tax return. The final tax character of any distribution declared in 2024 will be determined in January 2025 and reported to you on IRS Form 1099-DIV.
The amounts and sources of distributions reported in this 19(a) Notice are only estimates and not for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes. The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with ‘yield' or ‘income.'
Presented below are return figures, based on the change in the Fund's Net Asset Value per share ("NAV"), compared to the annualized distribution rate for this current distribution as a percentage of the NAV on the last day of the month prior to distribution record date.
Fund Performance & Distribution Information
Fiscal Year to Date (11/01/2023 through 9/30/2024) |
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Annualized Distribution Rate as a Percentage of NAV^ |
| 7.02 | % |
Cumulative Distribution Rate on NAV^+ |
| 7.02 | % |
Cumulative Total Return on NAV* |
| 43.73 | % |
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Average Annual Total Return on NAV for the 5 Year Period Ended 9/30/2024** |
| 4.87 | % |
^Based on the Fund's NAV as of September 30, 2024.
+Cumulative distribution rate is based on distributions paid to date for the period November 1, 2023 through
October 31, 2024.
*Cumulative fiscal year-to-date return is based on the change in NAV including distributions paid and assuming reinvestment of these distributions for the period November 1, 2023 through September 30, 2024.
**The 5 year average annual total return is based on change in NAV including distributions paid and assuming reinvestment of these distributions and is through the last business day of the month prior to the month of the current distribution record date.
While the NAV performance may be indicative of the Fund's investment performance, it does not measure the value of a shareholder's investment in the Fund. The value of a shareholder's investment in the Fund is determined by the Fund's market price, which is based on the supply and demand for the Fund's shares in the open market. Past performance does not guarantee future results. Shareholders should not draw any conclusions about the Fund's investment performance from the amount of this distribution or from the terms of the Fund's Managed Distribution Plan.
Furthermore, the Board of Trustees reviews the amount of any potential distribution and the income, capital gain or capital available. The Board of Trustees will continue to monitor the Fund's distribution level, taking into consideration the Fund's net asset value and the financial market environment. The Fund's distribution policy is subject to modification by the Board of Trustees at any time. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.
Paralel Distributors LLC, FINRA Member Firm.
Contact info:
Website: https://www.utilityincomefund.com
Email: reavesclientinquiries@paralel.com
SOURCE: Reaves Utility Income Fund
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