secwatch.observer — SEC 8-K summary
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Issuer:     REAVES UTILITY INCOME FUND (UTG)
CIK:        0001263994
Form:       8-K
Filed at:   2024-02-06T23:59:59+00:00
Accession:  0001999371-24-001602
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1263994/000199937124001602/0001999371-24-001602-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1263994/000199937124001602/utg_8k-020624.htm
  HTML page:      https://secwatch.observer/filing/0001999371-24-001602

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