The Reaves Utility Income Fund Announces Regular Monthly Dividends, Payable on October 30, 2020, November 30, 2020 and December 31, 2020
October 08, 2020 at 09:00 am EDT
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The Reaves Utility Income Fund announced the next three monthly dividends at a rate of $0.18 per common share per month, unchanged from the per share rate paid for the previous quarter. Ex-distribution date is October 19, 2020. Record date is October 20, 2020. Payable date is October 30, 2020. Ex-distribution date is November 16, 2020. Record date is November 17, 2020. Payable date is November 30, 2020. Ex-distribution date is December 17, 2020. Record date is December 18, 2020. Payable date is December 31, 2020.
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 
