Reaves Utility Income Fund Common Shares of Beneficial Interest (UTG)

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940

DENVER, CO / ACCESS Newswire / June 23, 2026 / Reaves Utility Income Fund (NYSE American:UTG) is pleased to announce today a 5% increase in its annual distribution to $2.52, to be paid monthly at the rate of $0.21 per common share. This is the fourteenth increase of the distribution since the Fund's inception in February 2004. The increased dividend rate represents an annualized distribution rate of 6.12% based on the current market price. As of June 17, 2026, the Fund's market price was $41.18 per share and its net asset value was $41.86 per share.

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940

DENVER, CO / ACCESS Newswire / April 7, 2026 / Reaves Utility Income Fund (NYSE American:UTG) announced today the next three, monthly, distributions at a rate of $0.20 per common share per month, unchanged from the per share rate paid for the previous quarter. As of April 1, 2026, the Fund's market price was $39.77 per share and its net asset value was $39.62 per share.

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940

DENVER, CO / ACCESS Newswire / December 16, 2025 / Reaves Utility Income Fund (NYSE American:UTG) announced today the next three, monthly, distributions at a rate of $0.20 per common share per month, unchanged from the per share rate paid for the previous quarter. As of December 11, 2025, the Fund's market price was $37.35 per share and its net asset value was $37.39 per share.

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940

DENVER, CO, X / ACCESS Newswire / October 7, 2025 / Reaves Utility Income Fund (NYSE American:UTG) announced today the next three, monthly, distributions at a rate of $0.20 per common share per month, unchanged from the per share rate paid for the previous quarter. As of October 2, 2025, the Fund's market price was $39.96 per share and its net asset value was $39.66 per share.

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940

DENVER, CO / ACCESS Newswire / July 31, 2025 / On July 31, 2025, the Reaves Utility Income Fund (NYSE American:UTG) (the "Fund"), a closed-end sector fund, paid a monthly distribution on its common stock of $0.20 per share to shareholders of record at the close of business on July 18, 2025.

DENVER, CO / ACCESS Newswire / June 30, 2025 / On June 30, 2025, the Reaves Utility Income Fund (NYSE American:UTG) (the "Fund"), a closed-end sector fund, paid a monthly distribution on its common stock of $0.19 per share to shareholders of record at the close of business on June 17, 2025.

DENVER, CO / ACCESS Newswire / June 23, 2025 / Reaves Utility 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.

DENVER, CO / ACCESS Newswire / April 7, 2025 / Reaves Utility Income Fund (NYSE American:UTG) announced today the next three, monthly, distributions at a rate of $0.19 per common share per month, unchanged from the per share rate paid for the previous quarter. As of April 2, 2025, the Fund's market price was $33.05 per share and its net asset value was $33.01 per share.

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940

DENVER, CO / ACCESSWIRE / December 30, 2024 / On December 30, 2024, the Reaves Utility Income Fund (NYSE American:UTG) (the "Fund"), a closed-end sector fund, paid a monthly distribution on its common stock of $0.19 per share to shareholders of record at the close of business on December 16, 2024.

DENVER, CO / ACCESS Newswire / January 17, 2025 / On January 17, 2025, the Reaves Utility Income Fund (NYSE American:UTG) (the "Fund"), a closed-end sector fund, paid a monthly distribution on its common stock of $0.19 per share to shareholders of record at the close of business on December 31, 2024.