Reaves Utility Income Fund Announces Next Three Monthly Dividends, Payable on October 29, 2021, November 30, 2021 and December 30, 2021 Respectively
October 07, 2021 at 06:30 am EDT
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Reaves Utility Income Fund announced 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. The following dates apply to the upcoming dividends that have been declared: Ex-Distribution Date on October 19, 2021, Record Date on October 20, 2021, Payable Date on October 29, 2021; Ex-Distribution Date on November 16, 2021, Record Date on November 17, 2021, Payable Date on November 30, 2021; Ex-Distribution Date on December 16, 2021; Record Date on December 17, 2021; Payable Date on December 30, 2021.
Reaves Utility Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to provide a high level of after-tax income and total return consisting primarily of tax-advantaged dividend income and capital appreciation. Under normal market conditions, the Fund invests at least 80% of its total assets in dividend-paying common and preferred stocks of companies in the utility industry. The Fund pursues its investment objective by investing at least 80% of its total assets in the securities of domestic and foreign companies involved to a significant extent in providing products, services or equipment for the generation or distribution of electricity, gas or water; telecommunications activities, and infrastructure operations, such as airports, toll roads and municipal services. The Fund may invest in preferred stocks and bonds of below investment grade quality (junk bonds). The Fund's investment adviser is W.H. Reaves & Co. Inc.
REAVES UTILITY INCOME FUND 
