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DENVER, April 9, 2021 /PRNewswire/ The Reaves Utility Income Fund (NYSE MKT: UTG) announced today the next three monthly dividends at a rate of $0.18 per common share per month, unchanged from the per share rate paid for the previous quarter. As of April 6, 2021, the Fund s market price was $33.72 per share and its net asset value was $33.43 per share.
Tim Porter, the Fund s portfolio manager and Chief Investment Officer of Reaves Asset Management, the Fund s investment adviser, commented, High-quality utility and communications companies continue to pay consistent and growing income streams for Fund shareholders. We remain optimistic about their outlook.
/PRNewswire/ On January 15, 2021, the Reaves Utility Income Fund (NYSE MKT: UTG) (the "Fund"), a closed-end sector fund, paid a monthly distribution on its.
Reaves Utility Income Fund Section 19(a) Notice
Statement Pursuant to Section 19(a) of the Investment Company Act of 1940
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DENVER, Dec. 31, 2020 /PRNewswire/ On December 31, 2020, the Reaves Utility Income Fund (NYSE MKT: UTG) (the Fund ), a closed-end sector fund, paid a monthly distribution on its common stock of $0.18 per share to shareholders of record at the close of business on December 18, 2020.
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
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DENVER, Dec. 16, 2020 /PRNewswire/ The Reaves Utility Income Fund (NYSE MKT: UTG) announced today the next three monthly dividends at a rate of $0.18 per common share per month, unchanged from the per share rate paid for the previous quarter. As of December 11, 2020, the Fund s market price was $32.75 per share and its net asset value was $32.40 per share.
Tim Porter, the Fund s portfolio manager and Chief Investment Officer of Reaves Asset Management, the Fund s investment adviser, commented, high-quality utility and communications companies have weathered the economic storm of the past year and continue to pay consistent and growing income streams for Fund shareholders.