reports
Reaves Utility Income Fund: 1 director
A director at Reaves Utility Income Fund maiden bought 1,890 shares at 26.460USD and the significance rating of the trade was 55/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the las...
Reaves Asset Management Announces Closed End Fund Conference Call Sche...
DENVER--(BUSINESS WIRE)-- Reaves Asset Management announced today that it will hold a conference call to discuss the Reaves Utility Income Fund’s (NYSE MKT: UTG) transferable rights offering. The call is open to the public. Ronald Sorenson, Portfolio Manager of the Fund and Chief Investment Officer of Reaves Asset Management, will review the planned use of offering proceeds, the terms of the offering and the outlook for the Fund's portfolio. A question and answer period will follow. Date: September 19, 2017 at 4:15 pm ET ...
Reaves Utility Income Fund Announces Rights Offering
DENVER--(BUSINESS WIRE)-- The Board of Trustees of Reaves Utility Income Fund (NYSE MKT: UTG) has authorized and set the terms of an offering to the Fund’s shareholders of rights to purchase additional common shares of the Fund. The Fund is issuing transferable subscription rights (“Rights”) to its common shareholders of record as of August 30, 2017 (the “Record Date” and such shareholders, “Record Date Shareholders”) who will be allowed to subscribe for new common shares of the Fund (the “Primary Subscription”). Record Date ...
The Reaves Utility Income Fund Announces Regular Monthly Dividend of $...
DENVER--(BUSINESS WIRE)-- The Reaves Utility Income Fund (NYSE MKT: UTG) announced today the next three monthly dividends at a rate of $0.16 per common share per month, unchanged from the per share rate paid for the previous quarter. As of July 5, 2017, the Fund’s market price was $34.38 per share and its net asset value was $33.75 per share. Ronald J. Sorenson, Chief Investment Officer at Reaves Asset Management and Portfolio Manager of the Fund, noted that “outlook for the Fund’s underlying portfolio is fundamentally positi...
Reaves Utility Income Fund
DENVER--(BUSINESS WIRE)-- On June 30, 2017, the Reaves Utility Income Fund (NYSE MKT: UTG) (the “Fund”), a closed-end sector fund, paid a monthly distribution on its common stock of $0.16 per share to shareholders of record at the close of business on June 16, 2017. 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 (...
Reaves Utility Income Fund Announces Filing for a Rights Offering
DENVER--(BUSINESS WIRE)-- Reaves Utility Income Fund (NYSE MKT: UTG) announced that it filed a preliminary registration statement with the Securities and Exchange Commission (“SEC”) relating to the offering of additional common shares of the Fund pursuant to a rights offering. The Fund is issuing transferable subscription rights (“Rights”) to its common shareholders on a record date to be set by the Fund’s Board of Trustees (the “Record Date” and such shareholders, “Record Date Shareholders”) who will be allowed to subscribe ...
Reaves Utility Income Fund
DENVER--(BUSINESS WIRE)-- On May 31, 2017, the Reaves Utility Income Fund (NYSE MKT: UTG) (the “Fund”), a closed-end sector fund, paid a monthly distribution on its common stock of $0.16 per share to shareholders of record at the close of business on May 19, 2017. 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 (“G...
Reaves Utility Income Fund
DENVER--(BUSINESS WIRE)-- On April 28, 2017, the Reaves Utility Income Fund (NYSE MKT: UTG) (the “Fund”), a closed-end sector fund, paid a monthly distribution on its common stock of $0.16 per share to shareholders of record at the close of business on April 20, 2017. 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...
The Reaves Utility Income Fund Announces Regular Monthly Dividend of $...
DENVER--(BUSINESS WIRE)-- The Reaves Utility Income Fund (NYSE MKT: UTG) announced today the next three monthly dividends at a rate of $0.16 per common share per month, unchanged from the per share rate paid for the previous quarter. As of April 5, 2017, the Fund’s market price was $32.82 per share and its net asset value was $33.89 per share. Ronald J. Sorenson, Chief Investment Officer at Reaves Asset Management and Portfolio Manager of the Fund, noted that, “Since the Fund increased its dividend 5.8% in October 2016, out o...
Reaves Utility Income Fund
DENVER--(BUSINESS WIRE)-- On March 31, 2017, the Reaves Utility Income Fund (NYSE MKT: UTG) (the “Fund”), a closed-end sector fund, paid a monthly distribution on its common stock of $0.16 per share to shareholders of record at the close of business on March 22, 2017. 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...
Reaves Utility Income Fund
DENVER--(BUSINESS WIRE)-- On February 28, 2017, the Reaves Utility Income Fund (NYSE MKT: UTG) (the “Fund”), a closed-end sector fund, paid a monthly distribution on its common stock of $0.16 per share to shareholders of record at the close of business on February 17, 2017. 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 prin...
Reaves Utility Income Fund
DENVER--(BUSINESS WIRE)-- On January 13, 2017, the Reaves Utility Income Fund (NYSE MKT: UTG) (the “Fund”), a closed-end sector fund, paid a monthly distribution on its common stock of $0.16 per share to shareholders of record at the close of business on December 30, 2016. On January 13, 2017, the Fund also paid a special capital gains distribution on its common stock of $0.92 per share to shareholders of record at the close of business on December 30, 2016. The aggregate per share distribution paid on January 13, 20...
Reaves Utility Income Fund
DENVER--(BUSINESS WIRE)-- On December 30, 2016, the Reaves Utility Income Fund (NYSE MKT: UTG) (the “Fund”), a closed-end sector fund, paid a monthly distribution on its common stock of $0.16 per share to shareholders of record at the close of business on December 16, 2016. 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 prin...
The Reaves Utility Income Fund Announces a Special Distribution
DENVER--(BUSINESS WIRE)-- The Reaves Utility Income Fund (NYSE MKT: UTG) today announced a special distribution of $0.92 per share. The special distribution is being paid in addition to the Fund’s regular monthly dividend. This is the 7th special distribution in the Fund’s 11-year history. Ronald J. Sorenson, Chief Investment Officer at Reaves Asset Management and Portfolio Manager of the Fund, commented that the Fund was pleased to announce the special distribution. “It is primarily the result of longstanding investments the...
Reaves Utility Income Fund
DENVER--(BUSINESS WIRE)-- On November 30, 2016, the Reaves Utility Income Fund (NYSE MKT: UTG) (the “Fund”), a closed-end sector fund, paid a monthly distribution on its common stock of $0.16 per share to shareholders of record at the close of business on November 18, 2016. 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 prin...
Reaves Utility Income Fund
DENVER--(BUSINESS WIRE)-- On October 31, 2016, the Reaves Utility Income Fund (NYSE MKT: UTG) (the “Fund”), a closed-end sector fund, paid a monthly distribution on its common stock of $0.16 per share to shareholders of record at the close of business on October 21, 2016. 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 princi...
The Reaves Utility Income Fund Increases Its Monthly Distribution 5.8%...
DENVER--(BUSINESS WIRE)-- The Reaves Utility Income Fund (NYSE MKT: UTG) is pleased to announce today a 5.8% increase in its annual distribution, to $1.92 to be paid monthly at the rate of $0.16 per common share. This is the ninth increase since the Fund’s inception in February 2004. The increased dividend rate represents an annualized distribution rate of 6.37% based on the current market price. As of October 3, 2016, the Fund’s market price was $30.15 per share and its net asset value was $32.91 per share. Ronald J. Sorenso...
Reaves Utility Income Fund
DENVER--(BUSINESS WIRE)-- On September 30, 2016, the Reaves Utility Income Fund (NYSE MKT: UTG) (the “Fund”), a closed-end sector fund, paid a monthly distribution on its common stock of $0.15125 per share to shareholders of record at the close of business on September 16, 2016. 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...
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