Reaves Utility Income Fund Announces Next Three Monthly Dividends, Payable on April 30, 2021, May 28, 2021 and June 30, 2021
April 09, 2021 at 04:00 pm IST
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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. The following dates apply to the upcoming dividends that have been declared: Ex-Distribution Date: April 22, 2021, Record Date: April 23, 2021, Payable Date: April 30, 2021; Ex-Distribution Date: May 18, 2021, Record Date: May 19, 2021, Payable Date: May 28, 2021; Ex-Distribution Date: June 17, 2021; Record Date: June 18, 2021; Payable Date: June 30, 2021.
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 
