Reaves Utility Income Fund Section 19(A) Notice
Reaves Utility Income Fund (UTG) has distributed its monthly payment of $0.19 per share on December 30, 2024, to shareholders of record as of December 16, 2024. The distribution breakdown includes: 22.06% from net investment income, 5.44% from net realized short-term capital gain, 10.57% from net realized long-term capital gain, and 61.93% from return of capital.
The Fund's fiscal year-to-date performance shows an annualized distribution rate of 6.43% and a cumulative total return of 9.40% on NAV. The Fund's 5-year average annual total return through November 30, 2024, stands at 7.38%. The Board of Trustees continues to monitor the Fund's distribution level, considering net asset value and market conditions.
Il Reaves Utility Income Fund (UTG) ha distribuito il suo pagamento mensile di $0,19 per azione il 30 dicembre 2024, agli azionisti registrati al 16 dicembre 2024. La ripartizione della distribuzione include: 22,06% da reddito netto da investimenti, 5,44% da guadagni in conto capitale realizzati a breve termine, 10,57% da guadagni in conto capitale realizzati a lungo termine e 61,93% da restituzione di capitale.
Le prestazioni del fondo dall'inizio dell'anno fiscale mostrano un tasso di distribuzione annualizzato del 6,43% e un rendimento totale cumulativo del 9,40% sul valore netto degli attivi (NAV). Il rendimento totale medio annuo del fondo su un periodo di 5 anni, fino al 30 novembre 2024, è del 7,38%. Il Consiglio di Amministrazione continua a monitorare il livello di distribuzione del fondo, considerando il valore netto delle attività e le condizioni di mercato.
El Reaves Utility Income Fund (UTG) ha distribuido su pago mensual de $0.19 por acción el 30 de diciembre de 2024, a los accionistas registrados hasta el 16 de diciembre de 2024. La distribución se desglosa de la siguiente manera: 22.06% de ingresos netos de inversiones, 5.44% de ganancias de capital a corto plazo realizadas, 10.57% de ganancias de capital a largo plazo realizadas y 61.93% de retorno de capital.
El rendimiento acumulado del fondo hasta la fecha del año fiscal muestra una tasa de distribución anualizada del 6.43% y un retorno total acumulado del 9.40% sobre el NAV. La media de retorno total anual del fondo durante 5 años hasta el 30 de noviembre de 2024 es del 7.38%. La Junta de Fideicomisarios continúa monitoreando el nivel de distribución del fondo, teniendo en cuenta el valor neto de los activos y las condiciones del mercado.
Reaves 유틸리티 수익 기금 (UTG)는 2024년 12월 30일에 주당 $0.19의 월 지급을 2024년 12월 16일 기준 주주에게 분배했습니다. 분배 내역에는 다음이 포함됩니다: 22.06%는 순투자소득에서, 5.44%는 실현된 단기 자본 이득에서, 10.57%는 실현된 장기 자본 이득에서, 61.93%는 자본 반환에서 비롯됩니다.
기금의 회계 연도 기준 성과는 연간 분배율이 6.43%이며 순자산 가치를 기준으로 누적 총 수익률이 9.40%임을 보여줍니다. 2024년 11월 30일까지 5년 평균 연간 총 수익률은 7.38%입니다. 이사회는 기금의 분배 수준을 지속적으로 모니터링하며 순자산 가치와 시장 상황을 고려하고 있습니다.
Le Reaves Utility Income Fund (UTG) a distribué son paiement mensuel de 0,19 $ par action le 30 décembre 2024, aux actionnaires enregistrés au 16 décembre 2024. La répartition de la distribution comprend : 22,06 % de revenus nets d'investissement, 5,44 % de gains en capital réalisés à court terme, 10,57 % de gains en capital réalisés à long terme et 61,93 % de retour de capital.
Les performances du fonds depuis le début de l'exercice montrent un taux de distribution annualisé de 6,43 % et un rendement total cumulé de 9,40 % sur la valeur nette d'inventaire (VNI). Le rendement total moyen annuel du fonds sur cinq ans jusqu'au 30 novembre 2024 s'élève à 7,38 %. Le conseil d'administration continue de surveiller le niveau de distribution du fonds, en tenant compte de la valeur nette des actifs et des conditions du marché.
Der Reaves Utility Income Fund (UTG) hat am 30. Dezember 2024 eine monatliche Ausschüttung von 0,19 $ pro Aktie an die zum 16. Dezember 2024 eingetragenen Aktionäre verteilt. Die Verteilung setzt sich zusammen aus: 22,06% aus Nettoanlageerträgen, 5,44% aus realisierten kurzfristigen Kapitalgewinnen, 10,57% aus realisierten langfristigen Kapitalgewinnen und 61,93% aus Rückzahlungen von Kapital.
Die bisherige Leistung des Fonds im Fiskaljahr zeigt eine annualisierte Ausschüttungsquote von 6,43% und eine kumulative Gesamtrendite von 9,40% auf den NAV. Die durchschnittliche jährliche Gesamtrendite des Fonds über fünf Jahre bis zum 30. November 2024 beträgt 7,38%. Der Treuhandrat überwacht weiterhin das Ausschüttungsniveau des Fonds unter Berücksichtigung des Nettovermögenswerts und der Marktbedingungen.
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DENVER, CO / ACCESSWIRE / December 30, 2024 / On December 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 ($) |
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| % |
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Net Investment Income |
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| 0.04192 |
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| 22.06 | % |
Net Realized Short-Term Capital Gain |
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| 0.01034 |
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| 5.44 | % |
Net Realized Long-Term Capital Gain |
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| 0.02008 |
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| 10.57 | % |
Return of Capital or other Capital Source |
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| 0.11766 |
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| 61.93 | % |
Total (per common share) |
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| 0.19000 |
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| 100.00 | % |
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Fiscal Year-to-Date Cumulative |
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Distributions from: |
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| Per Share ($) |
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| % |
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Net Investment Income |
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| 0.07078 |
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| 18.62 | % |
Net Realized Short-Term Capital Gain |
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| 0.01883 |
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| 4.96 | % |
Net Realized Long-Term Capital Gain |
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| 0.17102 |
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| 45.01 | % |
Return of Capital or other Capital Source |
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| 0.11937 |
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| 31.41 | % |
Total (per common share) |
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| 0.38000 |
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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 (11/01/2024 through 11/30/24) |
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Annualized Distribution Rate as a Percentage of NAV^ |
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| 6.43 | % |
Cumulative Distribution Rate on NAV^+ |
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| 1.07 | % |
Cumulative Total Return on NAV* |
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| 9.40 | % |
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Average Annual Total Return on NAV for the 5 Year Period Ended 11/30/2024** |
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| 7.38 | % |
^Based on the Fund's NAV as of November 30, 2024.
+Cumulative distribution rate is based on distributions paid to date for the period November 1, 2024 through
December 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, 2024 through November 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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