Reaves Utility Income Fund Section 19(a) Notice
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.
Il Reaves Utility Income Fund (NYSE American:UTG) ha effettuato una distribuzione mensile di $0.19 per azione il 31 luglio 2024. La distribuzione è stata interamente derivata da guadagni in conto capitale a lungo termine realizzati netti. Fino ad oggi, le distribuzioni sono provenute da varie fonti: 22.69% di reddito da investimenti netti, 1.64% di guadagni in conto capitale a breve termine, 73.03% di guadagni in conto capitale a lungo termine e 2.64% di rimborso del capitale.
Il tasso di distribuzione annualizzato del Fondo è dell'8.47% del NAV, con un ritorno totale cumulativo sul NAV del 16.13% dall'inizio dell'anno fiscale. Il ritorno totale medio annuale su NAV negli ultimi 5 anni è del 2.00%. La politica di distribuzione del Fondo è soggetta a modifiche da parte del Consiglio di Amministrazione, tenendo conto di fattori come il NAV e le condizioni di mercato.
El Reaves Utility Income Fund (NYSE American:UTG) realizó una distribución mensual de $0.19 por acción el 31 de julio de 2024. La distribución fue totalmente de ganancias de capital a largo plazo netas realizadas. En lo que va del año fiscal, las distribuciones provinieron de varias fuentes: 22.69% de ingresos netos por inversiones, 1.64% de ganancias de capital a corto plazo, 73.03% de ganancias de capital a largo plazo y 2.64% de devolución de capital.
La tasa de distribución anualizada del Fondo es del 8.47% del NAV, con un retorno total acumulado sobre el NAV del 16.13% para la fecha del año fiscal. El retorno total promedio anual sobre el NAV en los últimos 5 años es del 2.00%. La política de distribución del Fondo está sujeta a modificación por parte de la Junta Directiva, considerando factores como el NAV y las condiciones del mercado.
리브스 유틸리티 인컴 펀드 (NYSE American:UTG)는 2024년 7월 31일에 주당 $0.19의 월 배당금을 지급했습니다. 이 배당금은 전부 실현된 순 장기 자본 이익에서 나왔습니다. 회계 연도 현재까지 배당금은 여러 출처에서 발생했습니다: 22.69%는 순 투자 수익, 1.64%는 단기 자본 이익, 73.03%는 장기 자본 이익, 그리고 2.64%는 자본 환급입니다.
펀드의 연환산 배당률은 NAV의 8.47%이며, 회계 연도 현재까지의 NAV에 대한 누적 총 수익률은 16.13%입니다. 최근 5년간의 NAV에 대한 평균 연간 총 수익률은 2.00%입니다. 펀드의 배당 정책은 NAV 및 시장 조건과 같은 요소를 고려하여 이사회에 의해 수정될 수 있습니다.
Le Reaves Utility Income Fund (NYSE American:UTG) a effectué une distribution mensuelle de $0.19 par action le 31 juillet 2024. La distribution provenait entièrement de bénéfices en capital à long terme réalisés nets. Depuis le début de l'exercice, les distributions étaient issues de diverses sources : 22.69% de revenus d'investissement nets, 1.64% de gains en capital à court terme, 73.03% de gains en capital à long terme, et 2.64% de remboursement de capital.
Le taux de distribution annualisé du Fonds est de 8.47% du NAV, avec un rendement total cumulé sur le NAV de 16.13% depuis le début de l'année fiscale. Le rendement total moyen annuel sur le NAV sur 5 ans est de 2.00%. La politique de distribution du Fonds est sujette à modification par le Conseil d'Administration, en tenant compte de facteurs tels que le NAV et les conditions du marché.
Der Reaves Utility Income Fund (NYSE American:UTG) zahlte am 31. Juli 2024 eine monatliche Ausschüttung von $0.19 pro Aktie. Die Ausschüttung stammte vollständig aus realisierten Netto-Gewinnen aus langfristigen Kapitalanlagen. Im laufenden Geschäftsjahr kommen die Ausschüttungen aus verschiedenen Quellen: 22.69% aus Nettogewinnen aus Investitionen, 1.64% aus Gewinnen aus kurzfristigen Kapitalanlagen, 73.03% aus Gewinnen aus langfristigen Kapitalanlagen und 2.64% aus Kapitalrückzahlungen.
Die annualisierte Ausschüttungsquote des Fonds beträgt 8.47% des NAV, mit einer kumulierten Gesamtrendite auf den NAV von 16.13% für das laufende Geschäftsjahr. Die durchschnittliche jährliche Gesamtrendite auf den NAV über 5 Jahre beträgt 2.00%. Die Ausschüttungspolitik des Fonds unterliegt der Änderung durch den Vorstand, wobei Faktoren wie NAV und Marktbedingungen berücksichtigt werden.
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Statement Pursuant to Section 19(a) of the Investment Company Act of 1940
DENVER, CO / ACCESSWIRE / July 31, 2024 / On July 31, 2024, the Reaves Utility Income Fund (NYSE American:UTG) (the "Fund"), a closed-end sector fund, paid a monthly distribution on its common stock of
The following table sets forth the estimated amount of the sources of distribution for purposes of Section 19 of the Investment Company Act of 1940, as amended, and the related rules adopted thereunder. In accordance with generally accepted accounting principles ("GAAP"), the Fund estimates the following percentages, of the total distribution amount per share, attributable to (i) current and prior fiscal year net investment income, (ii) net realized short-term capital gain, (iii) net realized long-term capital gain and (iv) return of capital or other capital source as a percentage of the total distribution amount. These percentages are disclosed for the current distribution as well as the fiscal year-to-date cumulative distribution amount per share for the Fund.
Current Distribution from: |
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| Per Share ($) |
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| % |
Net Investment Income |
| 0.00000 |
| 0.00 | % |
Net Realized Short-Term Capital Gain |
| 0.00000 |
| 0.00 | % |
Net Realized Long-Term Capital Gain |
| 0.19000 |
| 100.00 | % |
Return of Capital or other Capital Source |
| 0.00000 |
| 0.00 | % |
Total (per common share) |
| 0.19000 |
| 100.00 | % |
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|
|
|
|
|
Fiscal Year-to-Date Cumulative |
|
|
|
|
|
Distributions from: |
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|
|
|
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|
| Per Share ($) |
|
| % |
Net Investment Income |
| 0.38801 |
| 22.69 | % |
Net Realized Short-Term Capital Gain |
| 0.02797 |
| 1.64 | % |
Net Realized Long-Term Capital Gain |
| 1.24886 |
| 73.03 | % |
Return of Capital or other Capital Source |
| 0.04516 |
| 2.64 | % |
Total (per common share) |
| 1.71000 |
| 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 6/30/2024) |
| ||
Annualized Distribution Rate as a Percentage of NAV^ |
| 8.47 | % |
Cumulative Distribution Rate on NAV^+ |
| 6.35 | % |
Cumulative Total Return on NAV* |
| 16.13 | % |
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Average Annual Total Return on NAV for the 5 Year Period Ended 6/30/2024** |
| 2.00 | % |
^ Based on the Fund's NAV as of June 30, 2024.
+Cumulative distribution rate is based on distributions paid to date for the period November 1, 2023 through
July 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 June 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
View the original press release on accesswire.com
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