Reaves Utility Income Fund Announces Regular Monthly Distributions of $0.20 Per Share

Rhea-AI Summary

Reaves Utility Income Fund (NYSE American: UTG) declared three monthly distributions of $0.20 per common share payable Jan 16, Feb 27 and Mar 31, 2026, with ex/record dates matching each declaration.

As of Dec 11, 2025 the Fund's market price was $37.35 and net asset value was $37.39. The per-share rate is unchanged from the prior quarter. The Fund reported approximately $4.27 billion in total assets and 90.74 million common shares outstanding.

The Fund said a portion of distributions may be sourced from short-term capital gain, long-term capital gain or return of capital and that final tax characterization will be determined after year end.

Positive

• Monthly distribution of $0.20 per share declared
• Three payable dates set for Jan 16, Feb 27 and Mar 31, 2026
• Assets under management approximately $4.27 billion as of Dec 11, 2025

Negative

• A portion of distributions may be return of capital (tax characterization pending)
• There is no guarantee distributions will continue or remain at the same rate

DENVER, CO / ACCESS Newswire / December 16, 2025 / Reaves Utility Income Fund (NYSE American:UTG) announced today the next three, monthly, distributions at a rate of $0.20 per common share per month, unchanged from the per share rate paid for the previous quarter. As of December 11, 2025, the Fund's market price was $37.35 per share and its net asset value was $37.39 per share.

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: December 31, 2025
Record Date: December 31, 2025
Payable Date: January 16, 2026

Ex-Date: February 18, 2026
Record Date: February 18, 2026
Payable Date: February 27, 2026

Ex-Date: March 18, 2026
Record Date: March 18, 2026
Payable Date: March 31, 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 $4.27 billion of total assets under management and 90.74 million common shares outstanding as of December 11, 2025.

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

What distribution did Reaves Utility Income Fund (UTG) declare for January 2026?

UTG declared a monthly distribution of $0.20 per share payable on January 16, 2026.

When are the ex-date and payable date for UTG's February 2026 distribution?

The ex-date and record date for February are February 18, 2026 and the payable date is February 27, 2026.

How did UTG characterize the source of its December 2025 distributions?

The Fund said a portion of distributions may be paid from short-term capital gain, long-term capital gain or return of capital, with final tax breakdown determined after year end.

What were UTG's market price and NAV as of Dec 11, 2025?

As of Dec 11, 2025 UTG's market price was $37.35 and NAV was $37.39 per share.

How many shares and total assets did UTG report as of Dec 11, 2025?

The Fund reported approximately 90.74 million common shares outstanding and $4.27 billion in total assets.