Reaves Utility Income Fund Section 19(a) Notice
Reaves Utility Income Fund (UTG) has announced its monthly distribution of $0.19 per share paid on March 31, 2025, to shareholders of record as of March 18, 2025. The distribution includes components from net investment income, realized capital gains, and potentially return of capital.
The Fund operates under a Managed Distribution Plan, with distributions subject to review by the Board of Trustees. The Fund acknowledges that it may have distributed more than its income and realized capital gains, indicating that a portion of the distribution could be classified as return of capital. The exact tax characterization of 2025 distributions will be determined in January 2026 and reported via IRS Form 1099-DIV.
Reaves Utility Income Fund (UTG) ha annunciato la sua distribuzione mensile di $0,19 per azione che sarà pagata il 31 marzo 2025, agli azionisti registrati al 18 marzo 2025. La distribuzione include componenti da reddito da investimenti netti, guadagni di capitale realizzati e potenzialmente un rimborso di capitale.
Il Fondo opera sotto un Piano di Distribuzione Gestita, con distribuzioni soggette a revisione da parte del Consiglio di Amministrazione. Il Fondo riconosce di aver potuto distribuire più del proprio reddito e dei guadagni di capitale realizzati, indicando che una parte della distribuzione potrebbe essere classificata come rimborso di capitale. La precisa caratterizzazione fiscale delle distribuzioni del 2025 sarà determinata a gennaio 2026 e riportata tramite il modulo IRS 1099-DIV.
Reaves Utility Income Fund (UTG) ha anunciado su distribución mensual de $0.19 por acción que se pagará el 31 de marzo de 2025, a los accionistas registrados hasta el 18 de marzo de 2025. La distribución incluye componentes de ingresos netos de inversiones, ganancias de capital realizadas y potencialmente un retorno de capital.
El Fondo opera bajo un Plan de Distribución Gestionada, con distribuciones sujetas a revisión por parte de la Junta de Fideicomisarios. El Fondo reconoce que puede haber distribuido más de sus ingresos y ganancias de capital realizadas, lo que indica que una parte de la distribución podría clasificarse como retorno de capital. La caracterización fiscal exacta de las distribuciones de 2025 se determinará en enero de 2026 y se informará a través del Formulario IRS 1099-DIV.
Reaves Utility Income Fund (UTG)는 2025년 3월 31일에 주주들에게 지급될 주당 $0.19의 월 배당금을 발표했습니다. 배당금은 2025년 3월 18일 기준으로 등록된 주주들에게 지급됩니다. 이 배당금은 순투자소득, 실현된 자본이득 및 잠재적인 자본환급의 요소를 포함합니다.
이 펀드는 관리 배당 계획에 따라 운영되며, 배당금은 신탁 이사회의 검토를 받습니다. 펀드는 수익 및 실현된 자본이득보다 더 많은 배당금을 분배했을 수 있음을 인정하며, 이는 배당금의 일부가 자본환급으로 분류될 수 있음을 나타냅니다. 2025년 배당금의 정확한 세무 성격은 2026년 1월에 결정되며 IRS 양식 1099-DIV를 통해 보고됩니다.
Reaves Utility Income Fund (UTG) a annoncé sa distribution mensuelle de 0,19 $ par action, qui sera versée le 31 mars 2025, aux actionnaires inscrits au 18 mars 2025. La distribution comprend des éléments provenant des revenus nets d'investissement, des gains en capital réalisés et potentiellement un retour de capital.
Le Fonds fonctionne selon un Plan de Distribution Géré, avec des distributions soumises à l'examen du Conseil des Administrateurs. Le Fonds reconnaît qu'il a pu distribuer plus que ses revenus et gains en capital réalisés, ce qui indique qu'une partie de la distribution pourrait être classée comme retour de capital. La caractérisation fiscale exacte des distributions de 2025 sera déterminée en janvier 2026 et rapportée via le formulaire IRS 1099-DIV.
Reaves Utility Income Fund (UTG) hat seine monatliche Ausschüttung von 0,19 $ pro Aktie bekannt gegeben, die am 31. März 2025 an Aktionäre ausgezahlt wird, die am 18. März 2025 registriert sind. Die Ausschüttung umfasst Komponenten aus netto Investitionseinkommen, realisierten Kapitalgewinnen und möglicherweise Rückzahlungen von Kapital.
Der Fonds operiert unter einem verwalteten Ausschüttungsplan, wobei die Ausschüttungen der Überprüfung durch den Treuhandrat unterliegen. Der Fonds erkennt an, dass er möglicherweise mehr als sein Einkommen und die realisierten Kapitalgewinne ausgeschüttet hat, was darauf hindeutet, dass ein Teil der Ausschüttung als Rückzahlung von Kapital klassifiziert werden könnte. Die genaue steuerliche Charakterisierung der Ausschüttungen von 2025 wird im Januar 2026 festgelegt und über das IRS-Formular 1099-DIV berichtet.
- None.
- None.
Statement Pursuant to Section 19(a) of the Investment Company Act of 1940
DENVER, CO / ACCESS Newswire / March 31, 2025 / On March 31, 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 ($) |
|
| % |
| |||
Net Investment Income |
|
| 0.05677 |
|
|
| 29.88 | % |
Net Realized Short-Term Capital Gain |
|
| 0.00000 |
|
|
| 0.00 | % |
Net Realized Long-Term Capital Gain |
|
| 0.13323 |
|
|
| 70.12 | % |
Return of Capital or other Capital Source |
|
| 0.00000 |
|
|
| 0.00 | % |
Total (per common share) |
|
| 0.19000 |
|
|
| 100.00 | % |
|
|
|
|
|
|
|
| |
Fiscal Year-to-Date Cumulative |
|
|
|
|
|
|
|
|
Distributions from: |
|
|
|
|
|
|
|
|
| Per Share ($) |
|
| % |
| |||
Net Investment Income |
|
| 0.15006 |
|
|
| 15.80 | % |
Net Realized Short-Term Capital Gain |
|
| 0.01883 |
|
|
| 1.98 | % |
Net Realized Long-Term Capital Gain |
|
| 0.47174 |
|
|
| 49.66 | % |
Return of Capital or other Capital Source |
|
| 0.30937 |
|
|
| 32.56 | % |
Total (per common share) |
|
| 0.95000 |
|
|
| 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 2025 federal income tax return. The final tax character of any distribution declared in 2025 will be determined in January 2026 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 2/28/25) |
| |||
Annualized Distribution Rate as a Percentage of NAV^ |
|
| 6.89 | % |
Cumulative Distribution Rate on NAV^+ |
|
| 2.87 | % |
Cumulative Total Return on NAV* |
|
| 3.81 | % |
|
|
|
| |
Average Annual Total Return on NAV for the 5 Year Period Ended 2/28/25** |
|
| 7.40 | % |
^ Based on the Fund's NAV as of February 28, 2025.
+Cumulative distribution rate is based on distributions paid to date for the period November 1, 2024 through
March 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 February 28, 2025.
**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 Reaves Utility Income Fund (UTG)?
When was the latest UTG distribution paid and what was the record date?
How are UTG's distributions categorized for tax purposes?
What is the significance of UTG's Section 19(a) Notice?
How does UTG determine its distribution amounts?
