Reaves Utility Income Fund Section 19(a) Notice
The Reaves Utility Income Fund (UTG) announced its monthly distribution of $0.19 per share on November 29, 2024, to shareholders of record as of November 15, 2024. The distribution breakdown includes: 15.19% from net investment income, 4.47% from short-term capital gains, 79.44% from long-term capital gains, and 0.90% from return of capital. The Fund's fiscal year-to-date performance shows an annualized distribution rate of 6.99% and a cumulative total return of 44.18% on NAV. The Fund's 5-year average annual total return through October 31, 2024, stands at 5.25%.
Il Reaves Utility Income Fund (UTG) ha annunciato la sua distribuzione mensile di $0.19 per azione il 29 novembre 2024, per gli azionisti registrati al 15 novembre 2024. La ripartizione della distribuzione include: 15,19% da reddito da investimenti netti, 4,47% da guadagni in conto capitale a breve termine, 79,44% da guadagni in conto capitale a lungo termine e 0,90% da ritorno di capitale. Le performance dell'anno fiscale del Fondo fino ad oggi mostrano un tasso di distribuzione annualizzato del 6,99% e un rendimento totale cumulato del 44,18% su NAV. Il rendimento totale annualizzato medio del Fondo negli ultimi 5 anni fino al 31 ottobre 2024 è del 5,25%.
El Reaves Utility Income Fund (UTG) anunció su distribución mensual de $0.19 por acción el 29 de noviembre de 2024, a los accionistas registrados al 15 de noviembre de 2024. El desglose de la distribución incluye: 15.19% de ingresos netos por inversiones, 4.47% de ganancias de capital a corto plazo, 79.44% de ganancias de capital a largo plazo y 0.90% de retorno de capital. El desempeño del Fondo para el año fiscal hasta la fecha muestra una tasa de distribución anualizada del 6.99% y un rendimiento total acumulado del 44.18% sobre el NAV. El rendimiento total anual promedio del Fondo a lo largo de 5 años hasta el 31 de octubre de 2024 es del 5.25%.
리브스 유틸리티 인컴 펀드 (UTG)는 2024년 11월 29일, 2024년 11월 15일 기준 주주에게 주당 $0.19의 월 배당금을 발표했습니다. 배당금의 분배 내역은 다음과 같습니다: 15.19%는 순 투자 수익에서, 4.47%는 단기 자본 이득에서, 79.44%는 장기 자본 이득에서, 0.90%는 자본 반환에서 발생했습니다. 펀드의 회계 연도 현재 성과는 연간 배당률 6.99%와 NAV에 대한 누적 총 수익률 44.18%을 보여줍니다. 2024년 10월 31일 기준으로 펀드의 5년 평균 연간 총 수익률은 5.25%입니다.
Le Reaves Utility Income Fund (UTG) a annoncé sa distribution mensuelle de 0,19 $ par action le 29 novembre 2024, aux actionnaires inscrits au 15 novembre 2024. La répartition de la distribution comprend : 15,19% provenant des revenus nets d'investissement, 4,47% provenant des gains en capital à court terme, 79,44% provenant des gains en capital à long terme et 0,90% provenant du retour de capital. La performance du Fonds depuis le début de l'exercice montre un taux de distribution annualisé de 6,99% et un rendement total cumulé de 44,18% sur la NAV. Le rendement total annuel moyen du Fonds au cours des cinq dernières années jusqu'au 31 octobre 2024 est de 5,25%.
Der Reaves Utility Income Fund (UTG) gab am 29. November 2024 seine monatliche Ausschüttung von 0,19 $ pro Aktie bekannt, die an die Aktionäre ausgezahlt wird, die am 15. November 2024 im Aktienregister stehen. Die Aufteilung der Ausschüttung umfasst: 15,19% aus Nettoanlageerträgen, 4,47% aus kurzfristigen Kapitalgewinnen, 79,44% aus langfristigen Kapitalgewinnen und 0,90% aus Kapitalrückzahlungen. Die bisherige Leistung des Fonds im laufenden Geschäftsjahr zeigt eine annualisierte Ausschüttungsquote von 6,99% und eine kumulierte Gesamtrendite von 44,18% auf den NAV. Die durchschnittliche jährliche Gesamtrendite des Fonds über fünf Jahre bis zum 31. Oktober 2024 beträgt 5,25%.
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Statement Pursuant to Section 19(a) of the Investment Company Act of 1940
DENVER, CO / ACCESSWIRE / November 29, 2024 / On November 29, 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 ($) |
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| % |
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Net Investment Income |
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| 0.02886 |
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| 15.19 | % |
Net Realized Short-Term Capital Gain |
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| 0.00849 |
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| 4.47 | % |
Net Realized Long-Term Capital Gain |
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| 0.15094 |
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| 79.44 | % |
Return of Capital or other Capital Source |
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| 0.00171 |
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| 0.90 | % |
Total (per common share) |
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| 0.19000 |
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| 100.00 | % |
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Fiscal Year-to-Date Cumulative |
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Distributions from: |
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| Per Share ($) |
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| % |
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Net Investment Income |
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| 0.02886 |
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| 15.19 | % |
Net Realized Short-Term Capital Gain |
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| 0.00849 |
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| 4.47 | % |
Net Realized Long-Term Capital Gain |
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| 0.15094 |
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| 79.44 | % |
Return of Capital or other Capital Source |
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| 0.00171 |
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| 0.90 | % |
Total (per common share) |
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| 0.19000 |
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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 10/31/2024) |
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Annualized Distribution Rate as a Percentage of NAV^ |
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| 6.99 | % |
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Cumulative Distribution Rate on NAV^+ |
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| 0.58 | % |
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Cumulative Total Return on NAV* |
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| 44.18 | % |
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Average Annual Total Return on NAV for the 5 Year Period Ended 10/31/2024** |
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| 5.25 | % |
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^ Based on the Fund's NAV as of October 31, 2024.
+Cumulative distribution rate is based on distributions paid to date for the period November 1, 2024 through
November 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 October 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
View the original press release on accesswire.com
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