Reaves Utility Income Fund Section 19(a) Notice
Reaves Utility Income Fund (NYSE American:UTG) has announced its monthly distribution of $0.20 per share paid on July 31, 2025. The distribution sources include 32.03% from net investment income and 67.97% from net realized long-term capital gains.
For the fiscal year-to-date, the Fund has distributed $1.72 per share, with sources comprising 14.29% from net investment income, 1.09% from short-term capital gains, 66.63% from long-term capital gains, and 17.99% from return of capital. The Fund's performance shows a cumulative total return of 15.56% for the fiscal year to date and a 5-year average annual total return of 12.09%.
Reaves Utility Income Fund (NYSE American:UTG) ha annunciato la sua distribuzione mensile di 0,20 $ per azione, pagata il 31 luglio 2025. Le fonti della distribuzione includono il 32,03% da reddito netto da investimenti e il 67,97% da plusvalenze nette realizzate a lungo termine.
Per l'anno fiscale in corso, il Fondo ha distribuito un totale di 1,72 $ per azione, con fonti che comprendono il 14,29% da reddito netto da investimenti, l'1,09% da plusvalenze a breve termine, il 66,63% da plusvalenze a lungo termine e il 17,99% da restituzione di capitale. La performance del Fondo mostra un rendimento totale cumulativo del 15,56% per l'anno fiscale in corso e un rendimento totale medio annuo del 12,09% negli ultimi 5 anni.
Reaves Utility Income Fund (NYSE American:UTG) ha anunciado su distribución mensual de 0,20 $ por acción, pagada el 31 de julio de 2025. Las fuentes de la distribución incluyen un 32,03% de ingresos netos por inversiones y un 67,97% de ganancias netas realizadas a largo plazo.
En lo que va del año fiscal, el Fondo ha distribuido un total de 1,72 $ por acción, con fuentes que comprenden el 14,29% de ingresos netos por inversiones, el 1,09% de ganancias a corto plazo, el 66,63% de ganancias a largo plazo y el 17,99% de devolución de capital. El rendimiento del Fondo muestra un retorno total acumulado del 15,56% en lo que va del año fiscal y un retorno total anual promedio del 12,09% en los últimos 5 años.
Reaves Utility Income Fund (NYSE American:UTG)는 2025년 7월 31일에 지급된 주당 0.20달러의 월별 배당금을 발표했습니다. 배당금 출처는 순투자소득의 32.03%와 순실현 장기자본이득의 67.97%입니다.
회계연도 누적 기준으로, 펀드는 주당 1.72달러를 배당했으며, 그 출처는 순투자소득 14.29%, 단기자본이득 1.09%, 장기자본이득 66.63%, 자본환급 17.99%로 구성되어 있습니다. 펀드의 성과는 회계연도 누적 기준으로 총 누적 수익률 15.56%와 최근 5년간 평균 연간 총 수익률 12.09%를 보여줍니다.
Reaves Utility Income Fund (NYSE American:UTG) a annoncé sa distribution mensuelle de 0,20 $ par action, versée le 31 juillet 2025. Les sources de cette distribution comprennent 32,03 % de revenus nets d'investissement et 67,97 % de plus-values nettes réalisées à long terme.
Pour l'exercice en cours, le Fonds a distribué un total de 1,72 $ par action, avec des sources composées de 14,29 % de revenus nets d'investissement, 1,09 % de gains en capital à court terme, 66,63 % de gains en capital à long terme et 17,99 % de retour de capital. La performance du Fonds affiche un rendement total cumulé de 15,56 % pour l'exercice en cours et un rendement total annuel moyen de 12,09 % sur 5 ans.
Reaves Utility Income Fund (NYSE American:UTG) hat seine monatliche Ausschüttung von 0,20 $ pro Aktie bekanntgegeben, die am 31. Juli 2025 ausgezahlt wird. Die Ausschüttungsquellen umfassen 32,03 % aus Nettoanlageerträgen und 67,97 % aus realisierten langfristigen Kapitalgewinnen.
Im laufenden Geschäftsjahr hat der Fonds bisher 1,72 $ pro Aktie ausgeschüttet, wobei die Quellen 14,29 % aus Nettoanlageerträgen, 1,09 % aus kurzfristigen Kapitalgewinnen, 66,63 % aus langfristigen Kapitalgewinnen und 17,99 % aus Kapitalrückzahlungen umfassen. Die Performance des Fonds zeigt eine kumulative Gesamtrendite von 15,56 % für das laufende Geschäftsjahr und eine durchschnittliche jährliche Gesamtrendite von 12,09 % über 5 Jahre.
- Strong 5-year average annual total return of 12.09%
- Healthy fiscal year-to-date return of 15.56%
- Majority of distribution (67.97%) comes from realized long-term capital gains, indicating successful investment strategy
- 17.99% of fiscal year-to-date distributions represent return of capital, which may indicate distribution rate exceeding earned income
- Current distribution rate of 6.66% of NAV may not be sustainable if market conditions deteriorate
DENVER, CO / ACCESS Newswire / July 31, 2025 / On July 31, 2025, the Reaves Utility Income Fund (NYSE American:UTG) (the "Fund"), a closed-end sector fund, paid a monthly distribution on its common stock of
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) return of capital or other capital source as a percentage of the total distribution amount. These percentages are disclosed for the current distribution as well as the fiscal year-to-date cumulative distribution amount per share for the Fund.
Current Distribution from: | ||||||||
Per Share ($) | % | |||||||
Net Investment Income | 0.06406 | 32.03 | % | |||||
Net Realized Short-Term Capital Gain | 0.00000 | 0.00 | % | |||||
Net Realized Long-Term Capital Gain | 0.13594 | 67.97 | % | |||||
Return of Capital or other Capital Source | 0.00000 | 0.00 | % | |||||
Total (per common share) | 0.20000 | 100.00 | % | |||||
Fiscal Year-to-Date Cumulative | ||||||||
Distributions from: | ||||||||
Per Share ($) | % | |||||||
Net Investment Income | 0.24574 | 14.29 | % | |||||
Net Realized Short-Term Capital Gain | 0.01883 | 1.09 | % | |||||
Net Realized Long-Term Capital Gain | 1.14606 | 66.63 | % | |||||
Return of Capital or other Capital Source | 0.30937 | 17.99 | % | |||||
Total (per common share) | 1.72000 | 100.00 | % | |||||
The timing and character of distributions for federal income tax purposes are determined in accordance with income tax regulations which may differ from GAAP. As such, all or a portion of this distribution may be reportable as taxable income on your 2025 federal income tax return. The final tax character of any distribution declared in 2025 will be determined in January 2026 and reported to you on IRS Form 1099-DIV.
The amounts and sources of distributions reported in this 19(a) Notice are only estimates and not for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes. The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with 'yield' or 'income.'
Presented below are return figures, based on the change in the Fund's Net Asset Value per share ("NAV"), compared to the annualized distribution rate for this current distribution as a percentage of the NAV on the last day of the month prior to distribution record date.
Fund Performance & Distribution Information
Fiscal Year to Date (11/01/2024 through 6/30/2025) | |||||
Annualized Distribution Rate as a Percentage of NAV^ | 6.66 | % | |||
Cumulative Distribution Rate on NAV^+ | 4.78 | % | |||
Cumulative Total Return on NAV* | 15.56 | % | |||
Average Annual Total Return on NAV for the 5 Year Period Ended 6/30/2025** | 12.09 | % | |||
^ Based on the Fund's NAV as of June 30, 2025.
+Cumulative distribution rate is based on distributions paid to date for the period November 1, 2024 through
July 31, 2025.
*Cumulative fiscal year-to-date return is based on the change in NAV including distributions paid and assuming reinvestment of these distributions for the period November 1, 2024 through June 30, 2025.
**The 5 year average annual total return is based on change in NAV including distributions paid and assuming reinvestment of these distributions and is through the last business day of the month prior to the month of the current distribution record date.
While the NAV performance may be indicative of the Fund's investment performance, it does not measure the value of a shareholder's investment in the Fund. The value of a shareholder's investment in the Fund is determined by the Fund's market price, which is based on the supply and demand for the Fund's shares in the open market. Past performance does not guarantee future results. Shareholders should not draw any conclusions about the Fund's investment performance from the amount of this distribution or from the terms of the Fund's Managed Distribution Plan.
Furthermore, the Board of Trustees reviews the amount of any potential distribution and the income, capital gain or capital available. The Board of Trustees will continue to monitor the Fund's distribution level, taking into consideration the Fund's net asset value and the financial market environment. The Fund's distribution policy is subject to modification by the Board of Trustees at any time. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.
Paralel Distributors LLC, FINRA Member Firm.
Contact info:
Website: https://www.utilityincomefund.com
Email: reavesclientinquiries@paralel.com
SOURCE: Reaves Utility Income Fund
View the original press release on ACCESS Newswire
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