37.39000 USD
0.54
1.47%
Last update Dec 11, 9:30 AM EST
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Day range
37.39000
37.39000
Previous close
36.85000
Open
37.39000
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Reaves Utility Income Fund
37.39
0.54
1.47%

Overview

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Description

The Reaves Utility Income Fund is a notable closed-end investment fund specializing in providing shareholders with a reliable stream of after-tax income and total return, primarily through tax-advantaged dividend income and capital appreciation. The fund is managed by Reaves Asset Management and actively invests at least 80% of its total assets in the securities of companies heavily involved in essential services such as electricity, gas, water, telecommunications, and broader infrastructure operations like airports and toll roads. With a focus on utilities and infrastructure, the fund targets companies that are integral to the everyday functioning of economies, ensuring exposure to stable, income-generating sectors. Since its inception, the fund has consistently delivered monthly distributions, making it a preferred choice for income-oriented investors seeking predictable returns from the utilities and infrastructure space. Its diversified portfolio spans domestic and international markets, enhancing its appeal for those looking to blend yield and stability within their investment strategy.

About

CEO
Employees
0
Address
10 Exchange Place
18th Floor
Jersey City, 07302, NJ
United States
Phone
201 332 4596
Instrument type
Closed-end fund
Sector
Financial Services
Industry
Asset Management
Country
United States
MIC code
XNMS
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