The ReavesUtility Income Fund Announces Next Three Monthly Dividends, Payable on October 31, 2022, November 30, 2022, December 30, 2022 Respectively
October 10, 2022 at 09:30 am EDT
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The ReavesUtility 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: October 21, 2022. Record Date: October 24, 2022.
Payable Date: October 31, 2022. Ex-Distribution Date: November 17, 2022. Record Date: November 18, 2022.
Payable Date: November 30, 2022. Ex-Distribution Date: December 15, 2022. Record Date: December 16, 2022.
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 
