---
schema_version: "secwatch.filing_event.v1"
accession: "0001398344-22-018706"
form_type: "8-K"
ticker: "UTG"
cik: "0001263994"
company_name: "REAVES UTILITY INCOME FUND"
filed_at: "2022-09-19T23:59:59+00:00"
generated_at: "2026-06-23T08:45:24.125394+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Reaves Utility Income Fund replaces administrator ALPS with Paralel, appoints new officers

## Summary
- Enters new distribution agreement with Paralel Distributors to sell up to 8M common shares via ATM; commission 1% of gross proceeds.
- Replaces ALPS with Paralel Technologies as administrator; annual fee cut to 0.15% on first $2B of assets (was 0.265%).
- Appoints Jill Kerschen as Treasurer, Christopher Moore as Secretary, and Bradley Swenson as CCO, replacing prior officers.
- Prior agreements with ALPS terminated; new agreements effective September 19, 2022.

## SEC filing metadata
- accession: 0001398344-22-018706
- form_type: 8-K
- ticker: UTG
- cik: 0001263994
- company_name: REAVES UTILITY INCOME FUND
- filed_at: 2022-09-19T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 1.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1263994/000139834422018706/0001398344-22-018706-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1263994/000139834422018706/fp0079735_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001398344-22-018706
- JSON: https://secwatch.observer/filing/0001398344-22-018706.json
- Plain text: https://secwatch.observer/filing/0001398344-22-018706.txt

## Key facts
- Executive change
  Bradley Swenson was appointed as Chief Compliance Officer at REAVES UTILITY INCOME FUND.
  - Action: appointed
  - Role: Chief Compliance Officer
  source text: The Board of Trustees have appointed Jill Kerschen, Christopher Moore, and Bradley Swenson to serve as Treasurer, Secretary, and Chief Compliance Officer, respectively, of the Fund effective as of September 19, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1263994/000139834422018706/0001398344-22-018706-index.htm
- Executive change
  Jill Kerschen was appointed as Treasurer at REAVES UTILITY INCOME FUND.
  - Action: appointed
  - Role: Treasurer
  source text: The Board of Trustees have appointed Jill Kerschen, Christopher Moore, and Bradley Swenson to serve as Treasurer, Secretary, and Chief Compliance Officer, respectively, of the Fund effective as of September 19, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1263994/000139834422018706/0001398344-22-018706-index.htm
- Executive change
  Christopher Moore was appointed as Secretary at REAVES UTILITY INCOME FUND.
  - Action: appointed
  - Role: Secretary
  source text: The Board of Trustees have appointed Jill Kerschen, Christopher Moore, and Bradley Swenson to serve as Treasurer, Secretary, and Chief Compliance Officer, respectively, of the Fund effective as of September 19, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1263994/000139834422018706/0001398344-22-018706-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.