UTG News and Press, Reaves Utility Income Fund of Beneficial Interest From 07/09/22

Regular income from your investments can have a powerful impact on your goal of becoming financially independent and reaching your retirement goals. Only regular income can make you financially independent unless you have accumulated very large net worth. Being financially independent...

We previously discussed Buffett's explanation for why smart people go broke. We then made the connection to why we generally don't buy CEFs. However, this does not mean that investors should never buy any CEFs under any circumstances. Back in March, we wrote : ...

In a major setback to President Biden's climate change agenda, the U.S. Supreme Court ruled Thursday that the Environmental Protection Agency does not have the authority to set standards on greenhouse gas emissions for existing power plants under the Clean Air Act. The 6-3 major...

Price is what you pay, value is what you get. In the case of CEFs, price and value rarely coincide. In fact, as we know, CEFs may price at a premium or at a discount to the value of their assets. Why this happens remains a mystery, but one that we have to deal with every time ...

Retirees and conservative investors need income, growth to exceed inflation, and most importantly, conservation of capital. Most investors find it difficult to tolerate large and deep drawdowns and want an escape from the roller coaster ride of the stock market. However, that is not p...

We last touched on this stellar group of closed-end funds in the fall of 2021. However, so much has changed since that time; I wanted to revisit to look at distribution coverage and the likelihood they remain stable payers. The good news so far, the same six funds remain in this u...

DNP is a famous fund that has maintained its distribution through thick and thin. The current 7.8% yield looks tempting in this market. We tell you why that's completely unsustainable over medium term (4-6 years) timeframes. For further details see: DNP: The Enigma Runni...

ASGI remains attractively valued. The fund is holding up relatively well as utilities have been a safer area to invest. The fund doesn't operate with leverage, which could be great for this current environment for risk-averse investors. For further details see: ASGI: Att...

Markets present you with choices and sometimes they can be gifts. While we thought utilities had got overvalued, we did not expect such a rapid reset. That rapid reset has now required an update to our thinking. For further details see: UTG Moves To Hold, BUI To A B...

Many readers have asked me which of our closed-end funds have the most stable distributions? Hard to predict on a fund-by-fund basis, as we've seen funds with distributions that seemed to be hanging by a thread that still haven't cut their payouts. That's why we diversify since li...