Detail akcie Reaves Utility I online

Business Summary: Reaves Utility Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to provide a high level of after-tax income and total return consisting primarily of tax-advantaged dividend income and capital appreciation. Under normal market conditions, the Fund invests at least 80% of its total assets in dividend-paying common and preferred stocks of companies in the utility industry. The Fund pursues its investment objective by investing at least 80% of its total assets in the securities of domestic and foreign companies involved to a significant extent in providing products, services or equipment for the generation or distribution of electricity, gas or water; telecommunications activities, and infrastructure operations, such as airports, toll roads and municipal services. The Fund may invest in preferred stocks and bonds of below investment grade quality (junk bonds). The Fund's investment adviser is W.H. Reaves & Co., Inc.
Financial Summary: BRIEF: For the fiscal year ended 31 October 2025, Reaves Utility Income Fund revenues decreased 3% to $93.3M. Net income decreased 11% to $769.1M. Revenues reflect Interest decrease of 99% to $24K. Net income also reflects Investment securities decrease of 17% to $558.5M (income), Administration fees increase of 26% to $4.9M (expense), Miscellaneous fees increase of 8% to $535K (expense). Dividend per share decreased from $2.47 to $2.33.