DNP - Half-Year Update On Reaves Utility Income Fund: Increased Energy Investment And Leverage
As one of our largest holdings (~10% weighting) in the Income Generator portfolio, I wanted to do an update for Reaves Utility Income Fund (UTG) particularly as its most recent semi-annual report (dated 4/30/2018) was released a few months ago (at the start of July). (Note to self: Remember to check for updates earlier!).
Our last update on UTG is here: "Update On 6.8% Yielding Reaves Utility Income Fund (NYSEMKT:UTG)" (March 2, 2018) (public link)
We also discussed UTG's 6.25% distribution boost from earlier this year here: "