UTG News and Press, Reaves Utility Income Fund of Beneficial Interest From 10/29/22

Summary Ten months of this troubling 2022 have passed, and my overall portfolio is beginning to take its final shape. Some positions have long since been completed, while for others, I am taking small acquisition steps each time the market turns downward. In spite of everythin...

Summary No such thing as a free lunch? Think again. We need income from stable or growing sources, we highlight two of them today. We look at yields up to 8%. Co-produced with Treading Softly Have you ever heard the phrase: "There's no such thing as a free lunch?...

Summary The volatility had continued since earlier this year when we last looked at my top ten CEFs. With closed-end fund discounts widening, there seem to be more opportunities in the space overall. Regardless of how the remainder of the year shakes out, my income has continu...

Summary The market is going through a period of extraordinary uncertainty. It makes the task of investing and conserving capital hugely challenging. With index investing, there's no escape from a roller coaster ride. For most people, especially retirees, it's very difficult to tol...

Summary UTG is a closed-end fund that mainly invests in utility companies. It has fallen nearly 26% from its August highs as the market priced in recessionary headwinds. We gleaned that the valuations of its leading holdings were too expensive in August and not sustainable. Moreov...

While vanilla investors worry along with the herd, we contrarians are buying. And oh, the yields we have available! As I write to you today, I’m staring at no less than 29 income funds that yield more than 8% . Twenty-nine paying more than eight! For retirees with a milli...

DENVER, CO / ACCESSWIRE / October 10, 2022 / The ReavesUtility Income Fund (NYSE American:UTG) announced today the next three, monthly, dividends at a rate of $0.19 per common share per month, unchanged from the per share rate paid for the previous quarter. As of October 6, 2022, the Fund's ...

Summary Credit asset classes (corporate loans, high yield bonds, etc.) pay investors interest (i.e. real cash). So even when all assets (stocks, bonds, etc.) are dropping in price, funds that hold credit assets keep cranking out the cash to pay distributions. They don't have t...

Summary All investments compete against each other and the risk-free rate. While we don't consider the utilities sector particularly attractive, there are always opportunities to make a buck. Here we present our view of DNP Select Income Fund & Reaves Utility Income Fund a...

Summary I created my main income portfolio, based on closed-end funds, during the financial crash that occurred in the spring of 2020. Over the course of 2021, I gradually lightened my positions, taking advantage of the vehement rise in the market, and set aside the resulting liqu...