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 August 30, 2024. The distribution sources were: 15.37% from net investment income, 84.63% from net realized long-term capital gain. For the fiscal year-to-date, the cumulative distribution sources were: 21.96% from net investment income, 1.47% from net realized short-term capital gain, 74.19% from net realized long-term capital gain, and 2.38% from return of capital.
The Fund's performance metrics include an annualized distribution rate of 7.98% and a cumulative total return of 24.11% for the fiscal year to date. The average annual total return for the 5-year period ended July 31, 2024, was 3.27%. Shareholders are reminded that distribution rates do not measure investment value, which is determined by market supply and demand for Fund shares.
Il Reaves Utility Income Fund (NYSE American:UTG) ha pagato una distribuzione mensile di $0,19 per azione il 30 agosto 2024. Le fonti della distribuzione sono state: 15,37% da reddito da investimenti netti, 84,63% da guadagni di capitale netti realizzati a lungo termine. Per l'anno fiscale fino ad oggi, le fonti di distribuzione cumulative sono state: 21,96% da reddito da investimenti netti, 1,47% da guadagni di capitale netti realizzati a breve termine, 74,19% da guadagni di capitale netti realizzati a lungo termine e 2,38% da restituzione di capitale.
I parametri di performance del fondo includono un tasso di distribuzione annualizzato del 7,98% e un rendimento totale cumulativo del 24,11% per l'anno fiscale fino ad oggi. Si ricorda agli azionisti che i tassi di distribuzione non misurano il valore d'investimento, che è determinato dall'offerta e dalla domanda di mercato per le azioni del fondo.
El Reaves Utility Income Fund (NYSE American:UTG) pagó una distribución mensual de $0,19 por acción el 30 de agosto de 2024. Las fuentes de la distribución fueron: 15,37% de ingresos netos de inversiones, 84,63% de ganancias de capital netas realizadas a largo plazo. Para el año fiscal hasta la fecha, las fuentes de distribución acumuladas fueron: 21,96% de ingresos netos de inversiones, 1,47% de ganancias de capital netas realizadas a corto plazo, 74,19% de ganancias de capital netas realizadas a largo plazo y 2,38% de retorno de capital.
Las métricas de rendimiento del fondo incluyen una tasa de distribución anualizada del 7,98% y un retorno total acumulado del 24,11% hasta la fecha para el año fiscal. Se recuerda a los accionistas que las tasas de distribución no miden el valor de la inversión, que se determina por la oferta y la demanda del mercado de las acciones del fondo.
리브스 유틸리티 수익 펀드(NYSE American:UTG)는 2024년 8월 30일에 주당 $0.19의 월 분배금을 지급했습니다. 분배 출처는 다음과 같습니다: 순 투자 수익의 15.37%, 순 실현된 장기 자본 이득의 84.63%. 회계연도 누계 기준으로 분배 출처는 다음과 같습니다: 순 투자 수익의 21.96%, 순 실현된 단기 자본 이득의 1.47%, 순 실현된 장기 자본 이득의 74.19%, 자본 반환의 2.38%.
펀드의 성과 지표는 연환산 분배율 7.98%와 회계연도 누계 총 수익률 24.11%를 포함합니다. 2024년 7월 31일 종료된 5년 기간의 평균 연간 총 수익률은 3.27%였습니다. 주주들은 분배율이 펀드 주식의 시장 공급과 수요에 의해 결정되는 투자 가치를 측정하지 않는다는 것을 상기해야 합니다.
Le Reaves Utility Income Fund (NYSE American:UTG) a versé une distribution mensuelle de 0,19 $ par action le 30 août 2024. Les sources de distribution étaient : 15,37 % provenant du revenu d'investissement net, 84,63 % provenant des gains en capital nets réalisés à long terme. Pour l'année fiscale à ce jour, les sources de distribution cumulées étaient : 21,96 % provenant du revenu d'investissement net, 1,47 % provenant des gains en capital nets réalisés à court terme, 74,19 % provenant des gains en capital nets réalisés à long terme et 2,38 % provenant du retour de capital.
Les indicateurs de performance du fonds incluent un taux de distribution annualisé de 7,98 % et un retour total cumulé de 24,11 % pour l'année fiscale à ce jour. On rappelle aux actionnaires que les taux de distribution ne mesurent pas la valeur de l'investissement, qui est déterminée par l'offre et la demande du marché pour les actions du fonds.
Der Reaves Utility Income Fund (NYSE American:UTG) zahlte am 30. August 2024 eine monatliche Ausschüttung von 0,19 $ pro Aktie. Die Ausschüttungsquellen waren: 15,37% aus netto Investitionseinkommen, 84,63% aus netto realisierten langfristigen Kapitalgewinnen. Für das laufende Geschäftsjahr bis heute betrugen die kumulierten Ausschüttungsquellen: 21,96% aus netto Investitionseinkommen, 1,47% aus netto realisierten kurzfristigen Kapitalgewinnen, 74,19% aus netto realisierten langfristigen Kapitalgewinnen und 2,38% aus Kapitalrückgabe.
Die Leistungskennzahlen des Fonds umfassen eine annualisierte Ausschüttungsquote von 7,98% und eine kumulative Gesamtrendite von 24,11% für das laufende Geschäftsjahr. Die durchschnittliche jährliche Gesamtrendite für den Zeitraum von 5 Jahren bis zum 31. Juli 2024 betrug 3,27%. Aktionäre werden daran erinnert, dass Ausschüttungsquoten den Investitionswert nicht messen, der durch Angebot und Nachfrage am Markt für Fondanteile bestimmt wird.
- None.
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Statement Pursuant to Section 19(a) of the Investment Company Act of 1940
DENVER, CO / ACCESSWIRE / August 30, 2024 / On August 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 ($) |
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| % | ||
Net Investment Income |
| 0.02920 |
| 15.37 | % |
Net Realized Short-Term Capital Gain |
| 0.00000 |
| 0.00 | % |
Net Realized Long-Term Capital Gain |
| 0.16080 |
| 84.63 | % |
Return of Capital or other Capital Source |
| 0.00000 |
| 0.00 | % |
Total (per common share) |
| 0.19000 |
| 100.00 | % |
|
|
|
|
| |
Fiscal Year-to-Date Cumulative |
|
|
|
|
|
Distributions from: |
|
|
|
|
|
| Per Share ($) |
|
| % | |
Net Investment Income |
| 0.41721 |
| 21.96 | % |
Net Realized Short-Term Capital Gain |
| 0.02797 |
| 1.47 | % |
Net Realized Long-Term Capital Gain |
| 1.40966 |
| 74.19 | % |
Return of Capital or other Capital Source |
| 0.04516 |
| 2.38 | % |
Total (per common share) |
| 1.90000 |
| 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 7/31/2024) |
| ||
Annualized Distribution Rate as a Percentage of NAV^ |
| 7.98 | % |
Cumulative Distribution Rate on NAV^ + |
| 6.65 | % |
Cumulative Total Return on NAV* |
| 24.11 | % |
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Average Annual Total Return on NAV for the 5 Year Period Ended 7/31/2024** |
| 3.27 | % |
^ Based on the Fund's NAV as of July 31, 2024.
+ Cumulative distribution rate is based on distributions paid to date for the period November 1, 2023 through
August 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 July 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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