Reaves Utility Income Fund : Announces Tax Information
January 10, 2020 at 02:13 pm EST
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Reaves Utility Income Fund (NYSE Amex: UTG)
1290 Broadway, Suite 1100
Denver, CO 80203 1-800-644-5571
REAVES UTILITY INCOME FUND ANNOUNCES 2019 TAX INFORMATION
Denver, Colorado-The Reaves Utility Income Fund (NYSE Amex: UTG) today announced the final tax status for
its 2019 distributions as follows:
Amount
Total Ordinary Dividends
Long-Term
Return of
Non-
Record Date
Payable Date
per Share
Qualified
Qualified
Capital Gains
Capital
2/15/2019
2/28/2019
$0.170000
8.36%
--
91.64%
--
3/20/2019
3/29/2019
$0.170000
8.36%
--
91.64%
--
4/22/2019
4/30/2019
$0.170000
8.36%
--
91.64%
--
5/21/2019
5/31/2019
$0.170000
8.36%
--
91.64%
--
6/18/2019
6/28/2019
$0.170000
8.36%
--
91.64%
--
7/23/2019
7/31/2019
$0.180000
8.36%
--
91.64%
--
8/21/2019
8/30/2019
$0.180000
8.36%
--
91.64%
--
9/20/2019
9/30/2019
$0.180000
8.36%
--
91.64%
--
10/22/2019
10/31/2019
$0.180000
8.36%
--
91.64%
--
11/15/2019
11/27/2019
$0.180000
100%
--
--
--
12/19/2019
12/31/2019
$0.180000
100%
--
--
--
12/31/2019
1/16/2020
$0.180000
100%
--
--
--
In addition, 100% of the dividends paid qualify for the corporate dividends received deduction.
The tax designations of the distributions were previously reported to shareholders on a tentative book basis. The final tax designations are based upon tax reporting requirements and should be used by shareholders for tax return preparation.
This notice is provided to you for informational purposes only, and should not be considered tax advice. Please consult your tax advisor for further assistance.
The Reaves Utility Income Fund
The investment objective of the Fund is to provide a high level of income and total return consisting primarily of tax-advantaged distributions and capital appreciation. There were approximately $2.26 billion of total assets under management and 48.9 million common shares outstanding as of December 31, 2019.
An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain an annual report or semi-annual report which contains this and other information visit www.utilityincomefund.com or call 1-800-644-5571. Read them carefully before investing.
The Reaves Utility Income Fund is a closed-end fund and closed-end funds do not continuously issue shares for sale as open-end mutual funds do. Since the initial public offering, the Fund now trades in the secondary market. Investors wishing to buy or sell shares need to place orders through an intermediary or broker. The share price of a closed-end fund is based on the market's value.
ALPS Portfolio Distributors, Inc., FINRA Member Firm
REA000449 12/31/2020
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Reaves Utility Income Fund published this content on 10 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 January 2020 19:12:08 UTC
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 
