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Income from tax-advantaged monthly distributions since 2004
The Reaves Utility Income Fund (NYSE: UTG) is a diversified, closed-end fund that has delivered tax-advantaged monthly income to shareholders since its inception in February 2004. The Fund invests at least 80% of its total assets in dividend-paying equity and fixed-income securities issued by companies within the utility industry in addition to other infrastructure segments.
Managed by Reaves Asset Management, a firm with over four decades of experience investing in the utility sector, UTG focuses on delivering income and total return to shareholders from the dividends and long-term capital gains of companies with strong cash flows, durable competitive advantages, and growing dividends.
The portfolio is managed by an experienced team who utilizes fundamental, bottom-up analysis.
Since inception, UTG has distributed more than $1.9 billion in cash to shareholders, increasing its distribution 14 times, making it one of the longest-running monthly distributions among closed-end funds in its category.
Since UTG's inception in 2004, the Fund has increased its distribution 14 times. Shareholders have received more than $1.9 billion of cash distributions.
Distribution*
The chart below illustrates the growth of a hypothetical $10,000 investment in UTG since the Fund's inception in February 2004, reflecting reinvestment of all distributions.