Jun. 23 at 1:30 PM
$UTG Denver, CO/ACCESSWIRE/June 23, 2025 – ReavesUtility Income Fund (NYSE American: UTG)is pleased to announce today
a 5.26% increase in its annual distribution to
$2.40, to be paid monthly at the rate of
$0.20 per common share. This is the
thirteenth increase of the distribution since the Fund’s inception in February 2004. The increased dividend rate represents
an annualized distribution rate of 6.92% based on the current market price. As of June 18, 2025, the Fund’s market price
was
$34.66 per share and its net asset value was
$35.13 per share. https://api-funds.paralel.com/download_resource/?id=6666&ticker=UTG