UTG is starting to perk up, having had a rough couple of years as interest rates rose. Higher interest rates are likely to be included in utility rate bases going forward. Better yet, industry experts are pointing to the huge impact AI will have on demand for electrical power.
Leading billionaire investors are pouring billions of dollars into the infrastructure sector. There are many other tailwinds for the sector. We compare UTG and UTF to see which is the better buy today.
Statement Pursuant to Section 19(a) of the Investment Company Act of 1940 DENVER, CO / ACCESSWIRE / May 31, 2024 / On May 31, 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 May 17, 2024. The following table sets forth the estimated amount of the sources of distribution for purposes of Section 19 of the Investment Company Act of 1940, as amended, and the related rules adopted thereunder.