UTG - Dividend announcements

DENVER, CO / ACCESS Newswire / January 17, 2025 / On January 17, 2025, the Reaves Utility Income Fund (NYSE:UTG) (the "Fund"), a closed-end sector fund, paid a monthly distribution on its common stock of $0.19 per share to shareholders of record at the close of business on December 31, 2024.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

DENVER, CO / ACCESSWIRE / December 30, 2024 / On December 30, 2024, the Reaves Utility Income Fund (NYSE:UTG) (the "Fund"), a closed-end sector fund, paid a monthly distribution on its common stock of $0.19 per share to shareholders of record at the close of business on December 16, 2024.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 yea

DENVER, CO / ACCESSWIRE / December 16, 2024 / Reaves Utility Income Fund (NYSE:UTG) announced today the next three, monthly, distributions at a rate of $0.19 per common share per month, unchanged from the per share rate paid for the previous quarter. As of December 9, 2024, the Fund's market price was $33.62 per share and its net asset value was $33.58 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

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940 DENVER, CO / ACCESSWIRE / November 29, 2024 / On November 29, 2024, the Reaves Utility Income Fund (NYSE:UTG) (the "Fund"), a closed-end sector fund, paid a monthly distribution on its common stock of $0.19 per share to shareholders of record at the close of business on November 15, 2024.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 distr

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940 DENVER, CO / ACCESSWIRE / October 31, 2024 / On October 31, 2024, the Reaves Utility Income Fund (NYSE:UTG) (the "Fund"), a closed-end sector fund, paid a monthly distribution on its common stock of $0.19 per share to shareholders of record at the close of business on October 18, 2024.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 distribu

DENVER, CO / ACCESSWIRE / October 7, 2024 / Reaves Utility Income Fund (NYSE:UTG) announced today the next three, monthly, distributions at a rate of $0.19 per common share per month, unchanged from the per share rate paid for the previous quarter. As of October 1, 2024, the Fund's market price was $32.83 per share and its net asset value was $32.69 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

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940 DENVER, CO / ACCESSWIRE / September 30, 2024 / On September 30, 2024, the Reaves Utility Income Fund (NYSE:UTG) (the "Fund"), a closed-end sector fund, paid a monthly distribution on its common stock of $0.19 per share to shareholders of record at the close of business on September 17, 2024.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 di

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940 DENVER, CO / ACCESSWIRE / August 30, 2024 / On August 30, 2024, the Reaves Utility Income Fund (NYSE:UTG) (the "Fund"), a closed-end sector fund, paid a monthly distribution on its common stock of $0.19 per share to shareholders of record at the close of business on August 16, 2024.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 distributio

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940 DENVER, CO / ACCESSWIRE / July 31, 2024 / On July 31, 2024, the Reaves Utility Income Fund (NYSE:UTG) (the "Fund"), a closed-end sector fund, paid a monthly distribution on its common stock of $0.19 per share to shareholders of record at the close of business on July 19, 2024.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 amou

DENVER, CO / ACCESSWIRE / July 9, 2024 / Reaves Utility Income Fund (NYSE:UTG) announced today the next three, monthly, distributions at a rate of $0.19 per common share per month, unchanged from the per share rate paid for the previous quarter. As of July 2, 2024, the Fund's market price was $27.16 per share and its net asset value was $26.86 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 exe

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940 DENVER, CO / ACCESSWIRE / June 28, 2024 / On June 28, 2024, the Reaves Utility Income Fund (NYSE:UTG) (the "Fund"), a closed-end sector fund, paid a monthly distribution on its common stock of $0.19 per share to shareholders of record at the close of business on June 17, 2024.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 amou

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940DENVER, CO / ACCESSWIRE / May 31, 2024 / On May 31, 2024, the Reaves Utility Income Fund (NYSE:UTG) (the "Fund"), a closed-end sector fund, paid a monthly distribution on its common stock of $0.19 per share to shareholders of record at the close of business on May 17, 2024.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 p

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940DENVER, CO / ACCESSWIRE / April 30, 2024 / On April 30, 2024, the Reaves Utility Income Fund (NYSE:UTG) (the "Fund"), a closed-end sector fund, paid a monthly distribution on its common stock of $0.19 per share to shareholders of record at the close of business on April 19, 2024.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 am

DENVER, CO / ACCESSWIRE / March 28, 2024 / On March 28, 2024, the Reaves Utility Income Fund (NYSE:UTG) (the "Fund"), a closed-end sector fund, paid a monthly distribution on its common stock of $0.19 per share to shareholders of record at the close of business on March 15, 2024.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 inv

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940DENVER, CO / ACCESSWIRE / February 29, 2024 / On February 29, 2024, the Reaves Utility Income Fund (NYSE:UTG) (the "Fund"), a closed-end sector fund, paid a monthly distribution on its common stock of $0.19 per share to shareholders of record at the close of business on February 16, 2024.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 distri

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940DENVER, CO / ACCESSWIRE / January 17, 2024 / On January 17, 2024, the Reaves Utility Income Fund (NYSE:UTG) (the "Fund"), a closed-end sector fund, paid a monthly distribution on its common stock of $0.19 per share to shareholders of record at the close of business on December 29, 2023.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 distribu

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940DENVER, CO / ACCESSWIRE / December 29, 2023 / On December 29, 2023, the Reaves Utility Income Fund (AMEX:UTG) (the "Fund"), a closed-end sector fund, paid a monthly distribution on its common stock of $0.19 per share to shareholders of record at the close of business on December 15, 2023.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 distri

DENVER, CO / ACCESSWIRE / December 15, 2023 / Reaves Utility Income Fund (NYSE:UTG) announced today the next three, monthly, distributions at a rate of $0.19 per common share per month, unchanged from the per share rate paid for the previous quarter. As of December 5, 2023, the Fund's market price was $26.65 per share and its net asset value was $26.56 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

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940DENVER, CO / ACCESSWIRE / November 30, 2023 / On November 30, 2023, the Reaves Utility Income Fund (NYSE:UTG) (the "Fund"), a closed-end sector fund, paid a monthly distribution on its common stock of $0.19 per share to shareholders of record at the close of business on November 16, 2023.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 distri

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940DENVER, CO/ ACCESSWIRE / October 31, 2023 / On October 31, 2023, the Reaves Utility Income Fund (NYSE:UTG) (the "Fund"), a closed-end sector fund, paid a monthly distribution on its common stock of $0.19 per share to shareholders of record at the close of business on October 20, 2023.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 distributi

DENVER, CO / ACCESSWIRE / October 6, 2023 / The Reaves Utility Income Fund (NYSE:UTG) announced today the next three, monthly, distributions at a rate of $0.19 per common share per month, unchanged from the per share rate paid for the previous quarter. As of October 2, 2023, the Fund's market price was $23.75 per share and its net asset value was $23.38 per share.Tim Porter, the Fund's co-portfolio manager and Chief Investment Officer of Reaves Asset Management, the Fund's investment adviser, commented, "despite recent volatility in the utilities market, we remain confident that our portfolio of utility and infrastructure companies will continue to support the Fund's monthly distribution to

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940DENVER, CO / ACCESSWIRE / September 29, 2023 / On September 29, 2023, the Reaves Utility Income Fund (NYSE:UTG) (the "Fund"), a closed-end sector fund, paid a monthly distribution on its common stock of $0.19 per share to shareholders of record at the close of business on September 19, 2023.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 dis

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940DENVER, CO / ACCESSWIRE / July 31, 2023 / On July 31, 2023, the Reaves Utility Income Fund (NYSE:UTG) (the "Fund"), a closed-end sector fund, paid a monthly distribution on its common stock of $0.19 per share to shareholders of record at the close of business on July 21, 2023.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 amoun

DENVER, CO / ACCESSWIRE / July 10, 2023 / The Reaves Utility Income Fund (NYSE:UTG) announced today the next three, monthly, distributions at a rate of $0.19 per common share per month, unchanged from the per share rate paid for the previous quarter. As of July 5, 2023, the Fund's market price was $27.83 per share and its net asset value was $27.80 per share.Tim Porter, the Fund's 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 e

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940DENVER, CO / ACCESSWIRE / June 30, 2023 / On May 31, 2023, the Reaves Utility Income Fund (NYSE:UTG) (the "Fund"), a closed-end sector fund, paid a monthly distribution on its common stock of $0.19 per share to shareholders of record at the close of business on May 18, 2023.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

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940DENVER, CO / ACCESSWIRE / May 31, 2023 / On May 31, 2023, the Reaves Utility Income Fund (NYSE:UTG) (the "Fund"), a closed-end sector fund, paid a monthly distribution on its common stock of $0.19 per share to shareholders of record at the close of business on May 18, 2023.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 p

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940DENVER, CO / ACCESSWIRE / April 28, 2023 / On April 28, 2023, the Reaves Utility Income Fund (NYSE:UTG) (the "Fund"), a closed-end sector fund, paid a monthly distribution on its common stock of $0.19 per share to shareholders of record at the close of business on April 19, 2023.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 am

DENVER, CO / ACCESSWIRE / April 6, 2023 / The Reaves Utility Income Fund (NYSE:UTG) announced today the next three, monthly, distributions at a rate of $0.19 per common share per month, unchanged from the per share rate paid for the previous quarter. As of April 4, 2023, the Fund's market price was $28.46 per share and its net asset value was $28.24 per share.Tim Porter, the Fund's 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 communications companies will pay and grow dividends to shareholders."The Fund has formally implemented the 19b-1 exemption received from the S

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940DENVER, CO / ACCESSWIRE / March 31, 2023 / On March 31, 2023, the Reaves Utility Income Fund (NYSE:UTG) (the "Fund"), a closed-end sector fund, paid a monthly distribution on its common stock of $0.19 per share to shareholders of record at the close of business on March 17, 2023.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 am

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940DENVER, CO / ACCESSWIRE / February 28, 2023 / On February 28, 2023, the Reaves Utility Income Fund (NYSE:UTG) (the "Fund"), a closed-end sector fund, paid a monthly distribution on its common stock of $0.19 per share to shareholders of record at the close of business on February 16, 2023.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 distri

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940DENVER, CO / ACCESSWIRE / January 17, 2023 / On January 17, 2023, the Reaves Utility Income Fund (NYSE:UTG) (the "Fund"), a closed-end sector fund, paid a monthly distribution on its common stock of $0.19 per share to shareholders of record at the close of business on December 30, 2022.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 distribu

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940DENVER, CO / ACCESSWIRE / December 30, 2022 / On December 30, 2022, the Reaves Utility Income Fund (NYSE:UTG) (the "Fund"), a closed-end sector fund, paid a monthly distribution on its common stock of $0.19 per share to shareholders of record at the close of business on December 16, 2022.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 distri

DENVER, CO / ACCESSWIRE / December 16, 2022 / The Reaves Utility Income Fund (NYSE:UTG) announced today the next three, monthly, dividends at a rate of $0.19 per common share per month, unchanged from the per share rate paid for the previous quarter. As of December 12, 2022, the Fund's market price was $30.02 per share and its net asset value was $30.20 per share.Tim Porter, the Fund's 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 communications companies will pay and grow dividends to shareholders."The Fund has formally implemented the 19b-1 exemption received from t

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940DENVER, CO / ACCESSWIRE / November 30, 2022 / The Reaves Utility Income Fund (NYSE:UTG) (the "Fund"), a closed-end sector fund, paid a monthly distribution on its common stock of $0.19 per share to shareholders of record at the close of business on November 18, 2022.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 shar

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940DENVER, CO / ACCESSWIRE / October 31, 2022 / On October 31, 2022, the Reaves Utility Income Fund (NYSE:UTG) (the "Fund"), a closed-end sector fund, paid a monthly distribution on its common stock of $0.19 per share to shareholders of record at the close of business on October 24, 2022.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 distribut

DENVER, CO / ACCESSWIRE / October 10, 2022 / The ReavesUtility Income Fund (NYSE:UTG) announced today the next three, monthly, dividends at a rate of $0.19 per common share per month, unchanged from the per share rate paid for the previous quarter. As of October 6, 2022, the Fund's market price was $26.70 per share and its net asset value was $26.72 per share.Tim Porter,the Fund's portfolio manager and Chief Investment Officer of Reaves Asset Management, the Fund's investment adviser, commented, "We continue to favor high-quality utility and communications companies that pay consistent and growing income streams for Fund shareholders."The Fund has formally implemented the 19b-1 exemption rec

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940DENVER, CO / ACCESSWIRE / September 30, 2022 / On September 30, 2022, the Reaves Utility Income Fund (NYSE:UTG) (the "Fund"), a closed-end sector fund, paid a monthly distribution on its common stock of $0.19 per share to shareholders of record at the close of business on September 20, 2022.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 dis

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940 DENVER, Aug. 31, 2022 /PRNewswire/ -- On August 31, 2022, the Reaves Utility Income Fund (NYSE:UTG) (the "Fund"), a closed-end sector fund, paid a monthly distribution on its common stock of $0.19 per share to shareholders of record at the close of business on August 19, 2022. 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

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940 DENVER, July 29, 2022 /PRNewswire/ -- On July 29, 2022, the Reaves Utility Income Fund (NYSE:UTG) (the "Fund"), a closed-end sector fund, paid a monthly distribution on its common stock of $0.19 per share to shareholders of record at the close of business on July 22, 2022. 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 acc

DENVER, July 11, 2022 /PRNewswire/ -- The Reaves Utility Income Fund (NYSE:UTG) announced today the next three, monthly, dividends at a rate of $0.19 per common share per month, unchanged from the per share rate paid for the previous quarter. As of July 6, 2022, the Fund's market price was $30.92 per share and its net asset value was $30.93 per share. Tim Porter, the Fund's portfolio manager and Chief Investment Officer of Reaves Asset Management, the Fund's investment adviser, commented, "Our utility investments should continue to generate stable and growing dividend income f

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940 DENVER, June 30, 2022 /PRNewswire/ -- On June 30, 2022, the Reaves Utility Income Fund (NYSE:UTG) (the "Fund"), a closed-end sector fund, paid a monthly distribution on its common stock of $0.19 per share to shareholders of record at the close of business on June 17, 2022. 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 acc

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940 DENVER, May 31, 2022 /PRNewswire/ -- On May 31, 2022, the Reaves Utility Income Fund (NYSE:UTG) (the "Fund"), a closed-end sector fund, paid a monthly distribution on its common stock of $0.19 per share to shareholders of record at the close of business on May 19, 2022. 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 accept

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940 DENVER, April 29, 2022 /PRNewswire/ -- On April 29, 2022, the Reaves Utility Income Fund (NYSE:UTG) (the "Fund"), a closed-end sector fund, paid a monthly distribution on its common stock of $0.19 per share to shareholders of record at the close of business on April 22, 2022. 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

DENVER, April 11, 2022 /PRNewswire/ -- The Reaves Utility Income Fund (NYSE:UTG) announced today the next three, monthly, dividends at a rate of $0.19 per common share per month, unchanged from the per share rate paid for the previous quarter. As of April 6, 2022, the Fund's market price was $34.54 per share and its net asset value was $35.83 per share. Tim Porter, the Fund's portfolio manager and Chief Investment Officer of Reaves Asset Management, the Fund's investment adviser, commented, "We continue to favor high-quality utility and communications companies that pay consis

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940 DENVER, March 31, 2022 /PRNewswire/ -- the Reaves Utility Income Fund (NYSE:UTG) (the "Fund"), a closed-end sector fund, paid a monthly distribution on its common stock of $0.19 per share to shareholders of record at the close of business on March 18, 2022. 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

DENVER, Feb. 28, 2022 /PRNewswire/ --  On February 28, 2022, the Reaves Utility Income Fund (NYSE:UTG) (the "Fund"), a closed-end sector fund, paid a monthly distribution on its common stock of $0.19 per share to shareholders of record at the close of business on February 18, 2022. 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 fol

DENVER, Jan. 14, 2022 /PRNewswire/ -- On January 14, 2022, the Reaves Utility Income Fund (NYSE:UTG) (the "Fund"), a closed-end sector fund, paid a monthly distribution on its common stock of $0.19 per share to shareholders of record at the close of business on December 31, 2021. 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 follo

DENVER, Dec. 30, 2021 /PRNewswire/ -- On December 30, 2021, the Reaves Utility Income Fund (NYSE:UTG) (the "Fund"), a closed-end sector fund, paid a monthly distribution on its common stock of $0.19 per share to shareholders of record at the close of business on December 17, 2021. 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 foll

DENVER, Dec. 17, 2021 /PRNewswire/ -- The Reaves Utility Income Fund (NYSE:UTG) announced today the next three, monthly, dividends at a rate of $0.19 per common share per month, unchanged from the per share rate paid for the previous quarter. As of December 14, 2021, the Fund's market price was $33.79 per share and its net asset value was $33.62 per share. Tim Porter, the Fund's portfolio manager and Chief Investment Officer of Reaves Asset Management, the Fund's investment adviser, commented, "We remain invested in high-quality utility and communications companies that pay co

DENVER, Nov. 30, 2021 /PRNewswire/ -- On November 30, 2021, the Reaves Utility Income Fund (NYSE:UTG) (the "Fund"), a closed-end sector fund, paid a monthly distribution on its common stock of $0.19 per share to shareholders of record at the close of business on November 17, 2021. 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 foll

DENVER, Oct. 29, 2021 /PRNewswire/ -- On October 29, 2021, the Reaves Utility Income Fund (NYSE:UTG) (the "Fund"), a closed-end sector fund, paid a monthly distribution on its common stock of $0.19 per share to shareholders of record at the close of business on October 20, 2021. 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 followi

DENVER, Oct. 7, 2021 /PRNewswire/ -- The Reaves Utility Income Fund (NYSE:UTG) announced today the next three monthly dividends at a rate of $0.19 per common share per month, unchanged from the per share rate paid for the previous quarter. As of October 4, 2021, the Fund's market price was $32.71 per share and its net asset value was $32.36 per share. Tim Porter, the Fund's portfolio manager and Chief Investment Officer of Reaves Asset Management, the Fund's investment adviser, commented, "High-quality utility and communications companies continue to pay consistent and growing

DENVER, Sept. 30, 2021 /PRNewswire/ -- The Reaves Utility Income Fund (NYSE:UTG) (the "Fund"), a closed-end sector fund, paid a monthly distribution on its common stock of $0.19 per share to shareholders of record at the close of business on September 17, 2021. 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, o

DENVER, Aug. 31, 2021 /PRNewswire/ -- The Reaves Utility Income Fund (NYSE:UTG) (the "Fund"), a closed-end sector fund, paid a monthly distribution on its common stock of $0.19 per share to shareholders of record at the close of business on August 20, 2021. 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 th

DENVER, July 30, 2021 /PRNewswire/ -- On July 30, 2021, the Reaves Utility Income Fund (NYSE:UTG) (the "Fund"), a closed-end sector fund, paid a monthly distribution on its common stock of $0.19 per share to shareholders of record at the close of business on July 23, 2021. 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 pe

DENVER, June 30, 2021 /PRNewswire/ -- On June 30, 2021, the Reaves Utility Income Fund (NYSE:UTG) (the "Fund"), a closed-end sector fund, paid a monthly distribution on its common stock of $0.18 per share to shareholders of record at the close of business on June 18, 2021. 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 pe

DENVER, June 21, 2021 /PRNewswire/ -- The Reaves Utility Income Fund (NYSE:UTG) is pleased to announce today a 5.56% increase in its annual distribution to $2.28, to be paid monthly at the rate of $0.19 per common share. This is the twelfth increase of the distribution since the Fund's inception in February 2004. The increased dividend rate represents an annualized distribution rate of 6.47% based on the current market price. As of June 16, 2021, the Fund's market price was $35.22 per share and its net asset value was $34.34 per share. Tim Porter, the Fund's portfolio manager

DENVER, May 28, 2021, /PRNewswire/ -- The Reaves Utility Income Fund (NYSE:UTG) (the "Fund"), a closed-end sector fund, paid a monthly distribution on its common stock of $0.18 per share to shareholders of record at the close of business on May 19, 2021. 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 t

DENVER, April 30, 2021 /PRNewswire/ -- On April 30, 2021, the Reaves Utility Income Fund (NYSE:UTG) (the "Fund"), a closed-end sector fund, paid a monthly distribution on its common stock of $0.18 per share to shareholders of record at the close of business on April 23, 2021. 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

DENVER, April 9, 2021 /PRNewswire/ -- The Reaves Utility Income Fund (NYSE:UTG) announced today the next three monthly dividends at a rate of $0.18 per common share per month, unchanged from the per share rate paid for the previous quarter. As of April 6, 2021, the Fund's market price was $33.72 per share and its net asset value was $33.43 per share. Tim Porter, the Fund's portfolio manager and Chief Investment Officer of Reaves Asset Management, the Fund's investment adviser, commented, "High-quality utility and communications companies continue to pay consistent and growing