Welcome to our dedicated page for Reaves Utility Income Trust news (Ticker: UTG), a resource for investors and traders seeking the latest updates and insights on Reaves Utility Income Trust stock.
Reaves Utility Income Fund reports recurring closed-end fund updates centered on monthly common-share distributions, distribution-rate changes, market price and net asset value. The fund seeks a high level of after-tax income and total return through tax-advantaged distributions and capital appreciation.
The fund invests at least 80% of assets in domestic and foreign companies involved in electricity, gas, water, telecommunications and infrastructure operations, including airports, toll roads and municipal services. News also addresses the fund's 19b-1 distribution exemption and the possible classification of distributions as income, capital gains or return of capital.
The Reaves Utility Income Fund (UTG) has declared monthly dividends of $0.18 per share for the upcoming months, maintaining the previous quarter's rate. As of July 7, 2020, UTG's market price was $30.30 per share with a net asset value of $29.66. Key dates for dividends include the ex-distribution dates of July 23, August 20, and September 17, 2020, with payable dates on July 31, August 31, and September 30, 2020, respectively. The Fund manages approximately $1.9 billion in assets and focuses on utility and communications investments.