William Avrum Ferer

Fred Alger Management LLC (FAM) is a SEC-registered investment advisor and mutual fund manager headquartered in New York City. Founded in 1964, the firm is wholly-owned by Alger Group Holdings LLC, which is wholly-owned by Alger Associates, Inc. FAM provides both discretionary and non-discretionary investment advisory services to institutional investors through separate accounts, US and foreign registered and privately offered funds, as well as through third-party sponsored funds and bank sponsored collective investment trusts; and to retail investors through wrap programs and US and foreign registered funds.

Fidelity Bancorp, Inc. operates as a bank holding company. It operates through its wholly owned subsidiary, Fidelity Bank PaSB, which provides personal banking services and business banking services such as checking accounts, online banking, savings account and loan center. The company was founded in 1993 and is headquartered in Pittsburgh, PA.

W.H. Reaves & Co., Inc. (doing business as Reaves Asset Management) is a SEC-registered investment advisor and mutual fund manager headquartered in Jersey City, New Jersey. The firm was founded by William H. Reaves in 1961. Reaves Asset Management provides investment management services to endowments, foundations, insurance companies, electric public utility, nuclear decommissioning trust funds, other institutions, defined benefit and contribution plans, high-net-worth and other individuals.

Reaves Utility Income Fund Is a closed-end management investment company. The Fund's investment objective is to provide a level of after-tax income and total return consisting primarily of tax-advantaged dividend income and capital appreciation. The company was founded on September 15, 2003 and is headquartered in Denver, CO.