{"schema_version":"secwatch.filing_event.v1","accession":"0001999371-24-001602","form_type":"8-K","ticker":"UTG","cik":"0001263994","company_name":"REAVES UTILITY INCOME FUND","filed_at":"2024-02-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.635180+00:00","generated_at":"2026-06-06T07:48:01.251348+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Reaves Utility Income Fund doubles ATM offering capacity to 16.1M shares","bullets":["Amended distribution agreement on Feb 6, 2024, increasing maximum shares from 8M to 16,065,000.","Offering is 'at-the-market' under Rule 415 via Paralel Distributors LLC.","Sub-placement agent agreement with UBS Securities LLC also amended to reflect the new amount.","Shares may not be sold below net asset value per Investment Company Act of 1940.","Proceeds from the offering will be used for general fund purposes."],"urls":{"canonical":"https://secwatch.observer/filing/0001999371-24-001602","json":"https://secwatch.observer/filing/0001999371-24-001602.json","markdown":"https://secwatch.observer/filing/0001999371-24-001602.md","text":"https://secwatch.observer/filing/0001999371-24-001602.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1263994/000199937124001602/0001999371-24-001602-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1263994/000199937124001602/utg_8k-020624.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T07:48:01.251348+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"8cb55958053c17fa9eaeb6eddaf7db603737219d","claim":"REAVES UTILITY INCOME FUND amended SPAA Amendment with UBS Securities LLC valued at 16,065,000 Common Shares (effective 2024-02-06).","evidence_excerpt":"In conjunction with the Distribution Amendment, on February 6, 2024, a corresponding amendment (the “SPAA Amendment”) was made to the Sub-Placement Agent Agreement to reflect the updated offering amount of 16,065,000 Common Shares under the Distribution Agreement.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1263994/000199937124001602/0001999371-24-001602-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"atm program"},{"label":"Counterparty","value":"UBS Securities LLC"},{"label":"Value","value":"16,065,000 Common Shares"},{"label":"Effective","value":"2024-02-06"}],"fact_type":"material_agreement"},{"claim_id":"9f731c8e19730554ad2487b47982bbd6eeffa2d0","claim":"REAVES UTILITY INCOME FUND amended Distribution Agreement Amendment with Paralel Distributors LLC valued at 16,065,000 Common Shares (effective 2024-02-06).","evidence_excerpt":"On February 6, 2024, Reaves Utility Income Fund (NYSE American: UTG) (the “Fund”) amended (the “Distribution Agreement Amendment”) its distribution agreement (the “Distribution Agreement”), originally entered into on September 19, 2022, with Paralel Distributors LLC (“Paralel Distributors”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1263994/000199937124001602/0001999371-24-001602-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"atm program"},{"label":"Counterparty","value":"Paralel Distributors LLC"},{"label":"Value","value":"16,065,000 Common Shares"},{"label":"Effective","value":"2024-02-06"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}