Disclosure
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.
The Fund’s investment objective is fundamental and may not be changed without the vote of the Fund’s
shareholders.
An investor should consider the investment objectives, risks, charges and expenses carefully before investing.
Please click on the respective link to obtain an
annual report or semi annual report which contains this and other information, or call 1-800-644-5571. Read them carefully before investing.
Closed-end Funds: Not FDIC Insured No Bank or Other Guarantee May Lose Money
Paralel Distributors LLC: FINRA Member Firm
Paralel Distributors LLC is a wholly-owned subsidiary of Paralel Technologies LLC. Neither are affiliated with Reaves Asset Management.
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