Reaves Utility Income Fund : Announces Tax Information
February 16, 2022 at 11:36 am EST
Share
Reaves Utility Income Fund (NYSE Amex: UTG)
1290 Broadway, Suite 1000
Denver, CO 80203 1-800-644-5571
REAVES UTILITY INCOME FUND ANNOUNCES 2021 TAX INFORMATION
Denver, Colorado-The Reaves Utility Income Fund (NYSE Amex: UTG) today announced the final tax status for its 2021 distributions as follows:
Amount
Total Ordinary Dividends
Long-Term
Return of
Non-
Record Date
Payable Date
per Share
Qualified
Qualified
Capital Gains
Capital
2/17/2021
2/26/2021
$0.18
17.08%
2.37%
80.55%
--
3/19/2021
3/31/2021
$0.18
17.08%
2.37%
80.55%
--
4/23/2021
4/30/2021
$0.18
17.08%
2.37%
80.55%
--
5/19/2021
5/28/2021
$0.18
17.08%
2.37%
80.55%
--
6/18/2021
6/30/2021
$0.18
17.08%
2.37%
80.55%
--
7/23/2021
7/30/2021
$0.19
17.08%
2.37%
80.55%
--
8/20/2021
8/31/2021
$0.19
17.08%
2.37%
80.55%
--
9/17/2021
9/30/2021
$0.19
17.08%
2.37%
80.55%
--
10/20/2021
10/29/2021
$0.19
17.08%
2.37%
80.55%
--
11/17/2021
11/30/2021
$0.19
100%
--
--
--
12/17/2021
12/30/2021
$0.19
100%
--
--
--
12/31/2021
1/14/2022
$0.19
100%
--
--
--
In addition, 63.72% 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 $2.8 billion of total assets under management and 66.6 million common shares outstanding as of December 31, 2021.
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.
ALPS Portfolio Solutions Distributor, Inc., FINRA Member Firm.
REA000522
Attachments
Original Link
Original Document
Permalink
Disclaimer
Reaves Utility Income Fund published this content on 16 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 February 2022 16:35:04 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 
