Reaves Utility Income Fund Distributes $0.20 Per Share with 94.6% Long-Term Gains
On April 30, 2026, Reaves Utility Income Fund paid a $0.20 monthly distribution per share, with 94.62% sourced from net realized long-term gains and 5.38% from net investment income. Fiscal year-to-date distributions total $1.20 per share, including a 35.23% return of capital component.
1. Distribution Payment and Record Date
On April 30, 2026, the Fund paid a monthly distribution of $0.20 per common share to investors of record as of April 17, 2026.
2. Current Distribution Source Breakdown
The Fund estimates 94.62% of this distribution derived from net realized long-term capital gains and 5.38% from net investment income, with no portion attributed to short-term gains or other capital sources.
3. Fiscal Year-To-Date Performance
From November 1, 2025 through April 30, 2026, cumulative distributions reached $1.20 per share, comprising 10.82% net investment income, 53.95% long-term gains and 35.23% return of capital. As of March 31, 2026, the Fund’s NAV-based metrics include a 6.11% annualized distribution rate, a 3.06% cumulative distribution rate, a 3.67% cumulative total return and an 11.50% five-year average annual total return.
4. Tax Treatment and Fund Policy
The tax character of distributions may differ from GAAP estimates and will be finalized on IRS Form 1099-DIV in January 2027. The Board of Trustees periodically reviews and may adjust distribution levels based on NAV and market conditions.