Reaves Utility Income Fund Section 19(a) Notice
On September 30, 2024, the Reaves Utility Income Fund (NYSE American:UTG) paid a monthly distribution of $0.19 per share to shareholders. The distribution sources were: 23.78% from net investment income, 76.22% from net realized long-term capital gain. For the fiscal year-to-date, cumulative distributions were: 22.12% from net investment income, 1.34% from net realized short-term capital gain, 74.38% from net realized long-term capital gain, and 2.16% from return of capital.
The Fund's performance indicators show an annualized distribution rate of 7.61% and a cumulative total return on NAV of 30.97% for the fiscal year to date. The average annual total return on NAV for the 5-year period ended August 31, 2024, was 3.82%. The Fund's distribution policy is subject to modification by the Board of Trustees based on various factors.
Il 30 settembre 2024, il Reaves Utility Income Fund (NYSE American:UTG) ha distribuito un pagamento mensile di 0,19 USD per azione agli azionisti. Le fonti della distribuzione erano: 23,78% da reddito netto da investimenti, 76,22% da guadagni in conto capitale a lungo termine realizzati. Fino ad oggi, le distribuzioni cumulative dell'anno fiscale erano: 22,12% da reddito netto da investimenti, 1,34% da guadagni in conto capitale a breve termine realizzati, 74,38% da guadagni in conto capitale a lungo termine realizzati, e 2,16% da restituzione di capitale.
Gli indicatori di performance del Fondo mostrano un tasso di distribuzione annualizzato del 7,61% e un ritorno totale cumulativo sul NAV del 30,97% fino ad oggi per l'anno fiscale. Il ritorno totale annuale medio sul NAV per il periodo di 5 anni terminato il 31 agosto 2024, era del 3,82%. La politica di distribuzione del Fondo è soggetta a modifica da parte del Consiglio di Amministrazione in base a vari fattori.
El 30 de septiembre de 2024, el Reaves Utility Income Fund (NYSE American:UTG) pagó una distribución mensual de $0.19 por acción a los accionistas. Las fuentes de la distribución eran: 23.78% de ingresos netos por inversiones, 76.22% de ganancias de capital a largo plazo realizadas. Hasta la fecha, las distribuciones acumuladas del año fiscal eran: 22.12% de ingresos netos por inversiones, 1.34% de ganancias de capital a corto plazo realizadas, 74.38% de ganancias de capital a largo plazo realizadas, y 2.16% de devolución de capital.
Los indicadores de rendimiento del Fondo muestran una tasa de distribución anualizada del 7.61% y un retorno total acumulado sobre NAV del 30.97% hasta la fecha en el año fiscal. El retorno total anual promedio sobre NAV para el período de 5 años que finalizó el 31 de agosto de 2024, fue del 3.82%. La política de distribución del Fondo está sujeta a modificaciones por parte de la Junta de Fideicomisarios en función de varios factores.
2024년 9월 30일, Reaves Utility Income Fund (NYSE American:UTG)는 주주에게 주당 $0.19의 월 지급분을 지급했습니다. 분배 출처는 순 투자 수익의 23.78%, 실현된 장기 자본 이익의 76.22%였습니다. 회계 연도 기준 누적 분배는 순 투자 수익의 22.12%, 실현된 단기 자본 이익의 1.34%, 실현된 장기 자본 이익의 74.38%, 자본 반환의 2.16%였습니다.
펀드의 성과 지표는 회계 연도 기준 연환산 분배율 7.61%과 NAV에 대한 누적 총 수익률 30.97%를 보여줍니다. 2024년 8월 31일로 종료되는 5년 기간 동안의 NAV에 대한 평균 연환산 총 수익률은 3.82%였습니다. 펀드의 분배 정책은 다양한 요인에 따라 이사회의 수정 대상이 됩니다.
Le 30 septembre 2024, le Reaves Utility Income Fund (NYSE American:UTG) a versé une distribution mensuelle de 0,19 USD par action aux actionnaires. Les sources de la distribution étaient : 23,78 % de revenus nets d'investissement, 76,22 % de gains en capital à long terme réalisés. Pour l'année fiscale jusqu'à présent, les distributions cumulées étaient : 22,12 % de revenus nets d'investissement, 1,34 % de gains en capital à court terme réalisés, 74,38 % de gains en capital à long terme réalisés, et 2,16 % de retour de capital.
Les indicateurs de performance du Fonds montrent un taux de distribution annualisé de 7,61 % et un retour total cumulatif sur NAV de 30,97 % pour l'année fiscale jusqu'à présent. Le retour total annuel moyen sur NAV pour la période de 5 ans se terminant le 31 août 2024 était de 3,82 %. La politique de distribution du Fonds est susceptible d'être modifiée par le Conseil d'Administration en fonction de divers facteurs.
Am 30. September 2024 zahlte der Reaves Utility Income Fund (NYSE American:UTG) eine monatliche Ausschüttung von 0,19 USD pro Aktie an die Aktionäre. Die Ausschüttungsquellen waren: 23,78% aus netto Investmenterträgen, 76,22% aus realisierten langfristigen Kapitalgewinnen. Für das laufende Geschäftsjahr betrugen die kumulierten Ausschüttungen: 22,12% aus netto Investmenterträgen, 1,34% aus realisierten kurzfristigen Kapitalgewinnen, 74,38% aus realisierten langfristigen Kapitalgewinnen und 2,16% aus Kapitalrückzahlung.
Die Leistungsindikatoren des Fonds zeigen eine annualisierte Ausschüttungsrate von 7,61% und eine kumulative Gesamtrendite auf NAV von 30,97% seit Jahresbeginn. Die durchschnittliche jährliche Gesamtrendite auf NAV für den Zeitraum von 5 Jahren, der am 31. August 2024 endete, betrug 3,82%. Die Ausschüttungspolitik des Fonds unterliegt Änderungen durch den Vorstand basierend auf verschiedenen Faktoren.
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Statement Pursuant to Section 19(a) of the Investment Company Act of 1940
DENVER, CO / ACCESSWIRE / September 30, 2024 / On September 30, 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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| % |
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Net Investment Income |
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| 0.04518 |
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| 23.78 | % |
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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| 0.14482 |
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| 76.22 | % |
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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| 0.46239 |
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| 22.12 | % |
Net Realized Short-Term Capital Gain |
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| 0.02797 |
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| 1.34 | % |
Net Realized Long-Term Capital Gain |
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| 1.55448 |
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| 74.38 | % |
Return of Capital or other Capital Source |
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| 0.04516 |
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| 2.16 | % |
Total (per common share) |
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| 2.09000 |
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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 8/31/2024) |
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Annualized Distribution Rate as a Percentage of NAV^ |
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| 7.61 | % |
Cumulative Distribution Rate on NAV^+ |
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| 6.98 | % |
Cumulative Total Return on NAV* |
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| 30.97 | % |
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Average Annual Total Return on NAV for the 5 Year Period Ended 8/31/2024** |
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| 3.82 | % |
^ Based on the Fund's NAV as of August 31, 2024.
+Cumulative distribution rate is based on distributions paid to date for the period November 1, 2023 through
September 30, 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 August 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
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