UTG News and Press, Reaves Utility Income Fund of Beneficial Interest From 06/04/21

2021 has been a fairly exciting year with the indexes racing ever higher. Some volatility has created only short-term panics, mostly in the tech space. Energy and financials lead the way higher. For further details see: Income Ideas: 2021 Check-Up

The largest U.S. power grid operator says it procured resources in its capacity auction for 2022-23 at $50/MW-day, 64% lower than the $140/MW-day set in the most recent auction in 2018.PJM Interconnection, which serves more than 65M people between New Jersey and Illinois, says prices in this ...

UTG has paid a reliable monthly distribution since its inception. Not only has it been steady and reliable, but the fund increased several times and didn't reduce in 2008/09. Last year was a tough time for utilities, 2021 has been better but still rather weak with interest rate co...

SZC remains one of the best values in the CEF space with a 17.61% discount. The fund is being harshly punished for its past performance and its previous focus as a pure-play energy fund. While the fund has made quite the transformation, some of the discounts seem warranted so woul...

In the wake of the Colonial Pipeline shutdown, the Transportation Security Administration will issue a security directive this week that would require oil and gas pipeline companies to report cyberattacks to the federal government, in place of the current system of voluntary reporting, accord...

BUI is BlackRock's offering in the utility space. The fund utilizes an options strategy. The strategy can make it relatively more conservative compared to its peers that often use leverage in the closed-end fund space. The fund has been able to perform well, despite not trying to ...

For income investors, closed-end funds remain an attractive investment class that covers a variety of asset classes and promise high distributions and reasonable total returns. The market downturn last year exposed the risk of high volatility and deep drawdowns with investing in close...

Reaves Utility Income Fund Initiation Of Breakpoint Fees PR Newswire DENVER , May 11, 2021 /PRNewswire/ -- The Reaves Utility Income Fund is pleased to announce the initiation of a breakpoint in fees. The advisory and administrative fee on gross assets great...

Revisiting my top ten closed-end fund positions and how they have changed from earlier this year. There have been a few changes to my top positions, including HTD and UTG now being my largest positions. 2021 has been a great year so far; for my portfolio and the broader markets. ...

FT's discount still remains wide for a hybrid utilities/bond fund. It may be an attractive choice for the relatively conservative investor. FT has a discount of -12.46% and an annual yield of 4.92%, paid monthly. For further details see: A Pocket Of Value Left In Frankli...