Reaves Utility Income Fund Reports Distribution Sources for August 2025

The Reaves Utility Income Fund paid a monthly distribution of $0.20 per share on August 29, 2025. The distribution was comprised of 66.94% net realized long-term capital gain and 33.06% net investment income. The fund's fiscal year-to-date cumulative distributions were comprised of 66.66% net realized long-term capital gain, 16.11% return of capital or other capital source, and 16.25% net investment income.

The Reaves Utility Income Fund (NYSE American: UTG) paid a monthly distribution of $0.20 per share to its shareholders of record as of August 18, 2025 [1]. The distribution was primarily composed of net realized long-term capital gain, which accounted for 66.94% of the total distribution amount per share, while net investment income made up 33.06% [1].

For the fiscal year-to-date, cumulative distributions from the fund were predominantly driven by net realized long-term capital gain, which constituted 66.66% of the total distribution amount. This was complemented by a 16.11% return of capital or other capital source and 16.25% net investment income [1].

The fund's annualized distribution rate as a percentage of its net asset value (NAV) was 6.25%, with a cumulative distribution rate on NAV of 5.00% for the period November 1, 2024, through August 31, 2025. Over the same period, the fund's cumulative total return on NAV was 23.78%, reflecting strong performance in the utility sector [1].

While the distribution provides a measure of the fund's income, it is essential to note that the value of a shareholder's investment is determined by the fund's market price, which is subject to supply and demand dynamics. The fund's distribution policy is subject to modification by the Board of Trustees, and the distribution rate should not be considered a dividend yield or total return on an investment in the fund.

For more information, visit the fund's website at https://www.utilityincomefund.com or contact Paralel Distributors LLC at reavesclientinquiries@paralel.com.

References:
[1] https://www.morningstar.com/news/accesswire/1064870msn/reaves-utility-income-fund-section-19a-notice