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 for October–December 2025, unchanged from the prior quarter. As of October 2, 2025 the Fund reported a market price of $39.96 and a net asset value of $39.66.

The Fund said not less than 80% of assets remain invested in utility and infrastructure companies and cited an investment objective of providing a high level of tax-advantaged income and total return. A portion of each distribution may be sourced from short-term or long-term capital gains or return of capital; final tax characterization will be determined after year end. The Fund reported $4.46 billion in assets and 90.35 million shares outstanding as of October 2, 2025.

Positive

• $0.20 monthly distribution declared for Oct–Dec 2025
• $4.46 billion total assets under management as of Oct 2, 2025
• Policy to keep ≥80% of assets in utility and infrastructure securities

Negative

• Portion of distributions may be return of capital or capital gains
• There is no guarantee distributions will be paid or rate maintained

DENVER, CO, X / ACCESS Newswire / October 7, 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 October 2, 2025, the Fund's market price was $39.96 per share and its net asset value was $39.66 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: October 17, 2025
Record Date: October 17, 2025
Payable Date: October 31, 2025

Ex-Date: November 17, 2025
Record Date: November 17, 2025
Payable Date: November 28, 2025

Ex-Date: December 17, 2025
Record Date: December 17, 2025
Payable Date: December 30, 2025

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 $4.46 billion of total assets under management and 90.35 million common shares outstanding as of October 2, 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 October 2025?

UTG declared a $0.20 per share distribution payable October 31, 2025 with record and ex-date of October 17, 2025.

Are UTG's October–December 2025 distributions higher than the prior quarter?

No. The Fund said the $0.20 per share monthly rate is unchanged from the prior quarter.

How will UTG report the tax character of its 2025 distributions?

The Fund will determine final sources and percentage of qualified dividend income after year end and report them to shareholders.

What were UTG's market price and NAV as of October 2, 2025?

As of October 2, 2025 UTG's market price was $39.96 per share and NAV was $39.66 per share.

How much of UTG's portfolio must be invested in utilities and infrastructure?

The Fund stated it will continue to invest not less than 80% of assets in companies tied to utilities and infrastructure.

When are the November and December 2025 UTG payable dates?

The November payable date is November 28, 2025 and the December payable date is December 30, 2025.