Reaves Utility Income Fund Payout Breaks Down 83% Long-Term Gains, 5.45% NAV Yield
UTG•Reaves Utility Income Fund declared its May distribution of $0.20 per share, with 16.89% sourced from net investment income and 83.11% from long-term capital gains. Fiscal year-to-date distributions total $1.40 per share, comprising 11.69% net investment income, 58.11% long-term gains and 30.20% return of capital, with a 5.45% annualized distribution rate on NAV.
1. Distribution Payment
On May 29, 2026, Reaves Utility Income Fund paid a monthly distribution of $0.20 per share to shareholders of record as of May 18, 2026. This distribution is part of the fund’s managed distribution plan and reflects the board’s periodic review of income and capital availability.
2. Source Composition Breakdown
The current $0.20 per share distribution comprises 16.89% net investment income and 83.11% net realized long-term capital gains, with no return of capital this month. Fiscal year-to-date distributions total $1.40 per share, including 11.69% net investment income, 58.11% long-term gains and 30.20% return of capital.
3. NAV Performance and Yield Metrics
Based on NAV as of April 30, 2026, the fund reports a 5.45% annualized distribution rate, a 3.18% cumulative distribution rate and a 16.75% cumulative total return on NAV for the fiscal year to date. The five-year average annual total return on NAV stands at 13.02%, illustrating longer-term performance trends.
