Reaves Utility Income Fund Section 19(A) Notice
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Reaves Utility Income Fund (NYSE American: UTG) announced a monthly distribution of $0.19 per share, paid on December 30, 2024, to shareholders of record as of December 16, 2024. The distribution sources are detailed for compliance with Section 19 of the Investment Company Act of 1940.
December 30, 2024 | 12:15 pm
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POSITIVE IMPACT
Reaves Utility Income Fund paid a monthly distribution of $0.19 per share, with details provided for regulatory compliance. This regular distribution may attract income-focused investors.
The announcement of a regular monthly distribution is positive for income-focused investors, indicating stability and potential attractiveness of the fund. The detailed compliance with Section 19 ensures transparency, which is favorable for investor confidence.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100