DENVER--(BUSINESS WIRE)--Reaves Asset Management announced today that it will hold a conference call to discuss the Reaves Utility Income Fund’s (NYSE MKT: UTG) transferable rights offering. The call is open to the public. Ronald Sorenson, Portfolio Manager of the Fund and Chief Investment Officer of Reaves Asset Management, will review the planned use of offering proceeds, the terms of the offering and the outlook for the Fund's portfolio. A question and answer period will follow.
Date: December 1, 2015 at 4:15pm EST
Toll Free Dial-In number: 866.395.6628
Conference ID: 82176882
The Reaves Utility Income Fund
The investment objective of the Fund is to provide a high level of income and total return consisting primarily of tax-advantaged dividend income and capital appreciation. There were approximately $1.1 billion of total assets under management and 29 million common shares outstanding as of September 30, 2015.
An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, annual report or semi-annual report which contains this and other information, visit www.utilityincomefund.com or call 1-800-644-5571. Read them carefully before investing.
The Reaves Utility Income Fund is a closed-end fund and closed-end funds do not continuously issue shares for sale as open-end mutual funds do. Since the initial public offering, the Fund now trades in the secondary market. Investors wishing to buy or sell shares need to place orders through an intermediary or broker. The share price of a closed-end fund is based on the market’s value.