secwatch.observer — SEC 8-K summary
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Issuer:     REAVES UTILITY INCOME FUND (UTG)
CIK:        0001263994
Form:       8-K
Filed at:   2022-09-19T23:59:59+00:00
Accession:  0001398344-22-018706
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 1.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1263994/000139834422018706/0001398344-22-018706-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1263994/000139834422018706/fp0079735_8k.htm
  HTML page:      https://secwatch.observer/filing/0001398344-22-018706

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