Reaves Utility Income Fund Section 19(a) Notice
Reaves Utility Income Fund (UTG) has distributed its monthly payment of $0.19 per share on January 17, 2025, to shareholders of record as of December 31, 2024. The current distribution consists entirely of return of capital (100%). For the fiscal year-to-date, the distribution sources are: 12.42% from net investment income, 3.30% from short-term capital gains, 30% from long-term capital gains, and 54.28% from return of capital.
The Fund's performance metrics show an annualized distribution rate of 7.20% and a cumulative distribution rate of 1.80% based on NAV. The Fund's fiscal year-to-date total return on NAV is -1.15%, while its 5-year average annual total return through December 31, 2024, stands at 4.45%. The Board of Trustees continues to monitor the Fund's distribution level, considering NAV and market conditions.
Il Reaves Utility Income Fund (UTG) ha distribuito il pagamento mensile di $0.19 per azione il 17 gennaio 2025, agli azionisti registrati al 31 dicembre 2024. L'attuale distribuzione consiste interamente in restituzione di capitale (100%). Per l'anno fiscale fino ad oggi, le fonti di distribuzione sono: 12.42% da reddito da investimento netto, 3.30% da guadagni in conto capitale a breve termine, 30% da guadagni in conto capitale a lungo termine e 54.28% da restituzione di capitale.
I parametri di prestazione del Fondo mostrano un tasso di distribuzione annualizzato del 7.20% e un tasso di distribuzione cumulativo dell'1.80% basato su NAV. Il rendimento totale del Fondo fino ad oggi sul NAV è del -1.15%, mentre il rendimento annuale totale medio negli ultimi 5 anni fino al 31 dicembre 2024 è del 4.45%. Il Consiglio di Amministrazione continua a monitorare il livello di distribuzione del Fondo, considerando NAV e condizioni di mercato.
El Reaves Utility Income Fund (UTG) ha distribuido su pago mensual de $0.19 por acción el 17 de enero de 2025, a los accionistas registrados hasta el 31 de diciembre de 2024. La distribución actual consiste completamente en retorno de capital (100%). Para el año fiscal hasta la fecha, las fuentes de distribución son: 12.42% de ingresos por inversiones netas, 3.30% de ganancias de capital a corto plazo, 30% de ganancias de capital a largo plazo y 54.28% de retorno de capital.
Las métricas de rendimiento del Fondo muestran un tasa de distribución anualizada del 7.20% y una tasa de distribución acumulada del 1.80% basada en el NAV. El rendimiento total del fondo hasta la fecha sobre el NAV es de -1.15%, mientras que su rendimiento total anual promedio de 5 años hasta el 31 de diciembre de 2024 es del 4.45%. La Junta de Fideicomisarios sigue monitoreando el nivel de distribución del Fondo, considerando el NAV y las condiciones del mercado.
리브스 유틸리티 인컴 펀드(UTG)는 2025년 1월 17일, 2024년 12월 31일 기준 주주에게 주당 $0.19의 월 지급금을 분배했습니다. 현재 지급금은 전액 자본 반환(100%)으로 구성되어 있습니다. 회계연도 현재까지의 분배 출처는: net 투자 소득의 12.42%, 단기 자본 이득의 3.30%, 장기 자본 이득의 30%, 자본 반환의 54.28%입니다.
펀드의 성과 지표는 연간 분배 비율이 7.20%로, NAV 기준의 누적 분배 비율은 1.80%입니다. 펀드의 회계연도 현재까지의 NAV에 대한 총 수익률은 -1.15%이며, 2024년 12월 31일까지 5년 평균 연간 총 수익률은 4.45%입니다. 신탁 위원회는 NAV와 시장 조건을 고려하여 펀드의 분배 수준을 지속적으로 모니터링하고 있습니다.
Le Reaves Utility Income Fund (UTG) a distribué son paiement mensuel de 0,19 $ par action le 17 janvier 2025, aux actionnaires enregistrés au 31 décembre 2024. La distribution actuelle est entièrement constituée de retour de capital (100%). Pour l'exercice fiscal à ce jour, les sources de distribution sont : 12,42% de revenu net d'investissement, 3,30% de gains en capital à court terme, 30% de gains en capital à long terme et 54,28% de retour de capital.
Les indicateurs de performance du Fonds montrent un taux de distribution annualisé de 7,20% et un taux de distribution cumulé de 1,80% basé sur la NAV. Le rendement total du Fonds à ce jour sur la NAV est de -1,15%, tandis que son rendement total annuel moyen sur les 5 dernières années jusqu'au 31 décembre 2024 est de 4,45%. Le Conseil d'Administration continue de surveiller le niveau de distribution du Fonds, en tenant compte de la NAV et des conditions du marché.
Der Reaves Utility Income Fund (UTG) hat am 17. Januar 2025 seine monatliche Zahlung von 0,19 $ pro Aktie an die Aktionäre verteilt, die zum 31. Dezember 2024 registriert waren. Die derzeitige Ausschüttung besteht vollständig aus Kapitalrückzahlung (100%). Für das bis dato laufende Geschäftsjahr sind die Ausschüttungsquellen: 12,42% aus Nettoeinkünften aus Investitionen, 3,30% aus kurzfristigen Kapitalgewinnen, 30% aus langfristigen Kapitalgewinnen und 54,28% aus Kapitalrückzahlungen.
Die Leistungskennzahlen des Fonds zeigen eine annualisierte Ausschüttungsquote von 7,20% und eine kumulierte Ausschüttungsquote von 1,80% basierend auf dem NAV. Der Gesamtertrag des Fonds bis dato auf den NAV liegt bei -1,15%, während die durchschnittliche jährliche Gesamtrendite über 5 Jahre bis zum 31. Dezember 2024 bei 4,45% liegt. Der Vorstand überwacht weiterhin das Ausschüttungsniveau des Fonds unter Berücksichtigung von NAV und Marktbedingungen.
- None.
- None.
DENVER, CO / ACCESS Newswire / January 17, 2025 / On January 17, 2025, 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: |
|
|
|
|
|
| ||
| Per Share ($) |
|
| % |
| |||
Net Investment Income |
|
| 0.00000 |
|
|
| 0.00 | % |
Net Realized Short-Term Capital Gain |
|
| 0.00000 |
|
|
| 0.00 | % |
Net Realized Long-Term Capital Gain |
|
| 0.00000 |
|
|
| 0.00 | % |
Return of Capital or other Capital Source |
|
| 0.19000 |
|
|
| 100.00 | % |
Total (per common share) |
|
| 0.19000 |
|
|
| 100.00 | % |
|
|
|
|
|
|
|
| |
Fiscal Year-to-Date Cumulative |
|
|
|
|
|
|
|
|
Distributions from: |
|
|
|
|
|
|
|
|
|
|
| Per Share ($) |
|
|
| % |
|
Net Investment Income |
|
| 0.07078 |
|
|
| 12.42 | % |
Net Realized Short-Term Capital Gain |
|
| 0.01883 |
|
|
| 3.30 | % |
Net Realized Long-Term Capital Gain |
|
| 0.17102 |
|
|
| 30.00 | % |
Return of Capital or other Capital Source |
|
| 0.30937 |
|
|
| 54.28 | % |
Total (per common share) |
|
| 0.57000 |
|
|
| 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 (11/01/2024 through 12/31/24) |
|
| |||
Annualized Distribution Rate as a Percentage of NAV^ |
|
| 7.20 | % |
|
Cumulative Distribution Rate on NAV^+ |
|
| 1.80 | % |
|
Cumulative Total Return on NAV* |
|
| -1.15 | % |
|
|
|
|
|
| |
Average Annual Total Return on NAV for the 5 Year Period Ended 12/31/2024** |
|
| 4.45 | % |
|
^ Based on the Fund's NAV as of December 31, 2024.
+Cumulative distribution rate is based on distributions paid to date for the period November 1, 2024 through
January 31, 2025.
*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, 2024 through December 31, 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
View the original press release on ACCESS Newswire
FAQ
What is the current monthly distribution amount for UTG and when was it paid?
How is UTG's current distribution categorized by source?
What is UTG's fiscal year-to-date distribution breakdown?
What is UTG's current annualized distribution rate and total return?
What is the cumulative distribution rate for UTG from November 2024 through January 2025?
