---
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"
generated_at: "2026-06-06T07:48:01.251348+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Reaves Utility Income Fund doubles ATM offering capacity to 16.1M shares

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001999371-24-001602
- JSON: https://secwatch.observer/filing/0001999371-24-001602.json
- Plain text: https://secwatch.observer/filing/0001999371-24-001602.txt

## Key facts
- Material Agreements
  REAVES UTILITY INCOME FUND amended SPAA Amendment with UBS Securities LLC valued at 16,065,000 Common Shares (effective 2024-02-06).
  - Action: amendment
  - Agreement: atm program
  - Counterparty: UBS Securities LLC
  - Value: 16,065,000 Common Shares
  - Effective: 2024-02-06
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1263994/000199937124001602/0001999371-24-001602-index.htm
- Material Agreements
  REAVES UTILITY INCOME FUND amended Distribution Agreement Amendment with Paralel Distributors LLC valued at 16,065,000 Common Shares (effective 2024-02-06).
  - Action: amendment
  - Agreement: atm program
  - Counterparty: Paralel Distributors LLC
  - Value: 16,065,000 Common Shares
  - Effective: 2024-02-06
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1263994/000199937124001602/0001999371-24-001602-index.htm

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