Reaves Utility Income Fund, Inc. (NYSE American: UTG) is a diversified, closed-end management investment company organized as a Massachusetts business trust. The fund seeks to provide a high level of current income, with a secondary objective of long-term capital appreciation, through investments primarily in equity and equity-related securities of public utilities and energy infrastructure companies. It employs a disciplined, income-oriented approach that emphasizes the utility sector’s historically stable cash flows and regulatory frameworks.
The fund typically invests at least 80% of its managed assets in dividend-paying common stocks, preferred securities and depositary receipts of regulated electric, gas, water and multi-utilities, independent power producers, pipeline and midstream companies. Portfolio holdings may also include convertible securities, real estate investment trusts (REITs) focused on utility assets, and other income-producing instruments. Reaves Utility Income Fund uses sector allocation, security selection and risk management techniques to construct a diversified portfolio tailored to yield generation.
Reaves Asset Management, based in Memphis, Tennessee, serves as the fund’s investment advisor. The advisor has built a reputation for its deep sector expertise and long-standing focus on utilities and infrastructure securities. The firm’s research team conducts fundamental analysis of industry regulations, corporate financials and dividend sustainability to identify companies that align with the fund’s income-oriented mandate. This process is supported by regular engagement with management teams and industry stakeholders.
The fund was launched to leverage the utility sector’s role as a cornerstone of essential services, providing investors with an income stream underpinned by regulated or contracted cash flows. Leadership includes an experienced portfolio manager with decades of investing in utility equity and income markets, alongside a board of trustees comprised of independent financial and industry professionals. Reaves Utility Income Fund serves individual and institutional investors seeking exposure to the utility sector’s combination of income potential and relative defensiveness across North American markets.
AI Generated. May Contain Errors.
Free UTG Stock Alerts