Reaves Utility Income Fund Announces Regular Monthly Distributions of $0.21 per Share
Distributions may include capital gains or return of capital, with their final sources determined after the Fund's year end.
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Rhea-AI Summary
Reaves Utility Income Fund (UTG) declared its next three monthly distributions at $0.21 per common share, unchanged from the previous quarter.
Payments are scheduled for October 30, November 30 and December 30, 2026. The corresponding ex-dividend and record dates are October 19, November 17 and December 17, 2026. As of October 1, 2026, the Fund's market price was $34.54 per share and its net asset value was $34.96 per share.
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DENVER, CO / ACCESS Newswire / October 7, 2026 / Reaves Utility Income Fund (NYSE American:UTG) announced today the next three, monthly, distributions at a rate of
Tim Porter, the Fund's co-portfolio manager and Chief Investment Officer of Reaves Asset Management, the Fund's investment adviser, commented, "We remain confident that our portfolio of utility and infrastructure companies will continue to support the Fund's monthly distribution to shareholders."
The Fund has formally implemented the 19b-1 exemption received from the Securities and Exchange Commission in 2009. A portion of each distribution may be treated as paid from sources other than net income, including but not limited to short-term capital gain, long-term capital gain and return of capital. The final determination of the source of these distributions, including the percentage of qualified dividend income, will be made after the Fund's year end.
Not less than eighty percent of the Fund's assets will continue to be invested in the securities of domestic and foreign companies involved to a significant extent in providing products, services, or equipment for (i) the generation or distribution of electricity, gas or water, (ii) telecommunications activities or (iii) infrastructure operations, such as airports, toll roads and municipal services ("Utilities" or the "Utility Industry"). As a policy, the Fund continues to strive to provide a high level of after-tax income and total return consisting primarily of tax-advantaged distributions and capital appreciation.
The following dates apply to the upcoming distributions that have been declared:
Ex-Date: October 19, 2026
Record Date: October 19, 2026
Payable Date: October 30, 2026
Ex-Date: November 17, 2026
Record Date: November 17, 2026
Payable Date: November 30, 2026
Ex-Date: December 17, 2026
Record Date: December 17, 2026
Payable Date: December 30, 2026
Reaves Utility Income Fund
The investment objective of the Fund is to provide a high level of income and total return consisting primarily of tax-advantaged distributions and capital appreciation. There were approximately
An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain an annual report or semi-annual report which contains this and other information visit www.utilityincomefund.com or call 1-800-644-5571. Read them carefully before investing.
There is no guarantee that distributions will be paid or that the rate will remain the same.
Paralel Distributors LLC, FINRA Member Firm.
SOURCE: Reaves Utility Income Fund
View the original press release on ACCESS Newswire
FAQ
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When will UTG pay its next three monthly distributions, and how much are they?
UTG will pay $0.21 per common share on October 30, November 30 and December 30, 2026. The monthly amount is unchanged from the rate paid for the previous quarter.
Will UTG's declared distributions come entirely from net income?
A portion of each distribution may come from sources other than net income, including short-term capital gains, long-term capital gains and return of capital. The final sources, including the percentage of qualified dividend income, will be determined after the Fund's year end. The Fund has formally implemented the SEC's 19b-1 exemption received in 2009.