This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Reaves Utility Income Fund Announces Investor Conference Call For July 19, 2012

W. H. Reaves and Co., Inc. (“Reaves Asset Management”) and ALPS Fund Services, Inc. announces on behalf of the Fund (NYSE MKT: UTG) a conference call scheduled for Thursday, July 19, 2012 at 3:00 PM EDT to discuss the Fund’s rights offering to shareholders and interested parties (the “Rights Offering”). We encourage those who would like to participate in this conference call to dial-in 5-10 minutes prior to the start time. The telephone number to access the conference call is 800-852-8156. The conference call code for the call is 99066965.

Ronald J. Sorenson, Chairman and Chief Investment Officer of Reaves Asset Management and the Fund’s Portfolio Manager; Louis F. Cimino, Chief Operating Officer, Portfolio Manager of Reaves Asset Management in conjunction with Kevin McNally, Director of Closed-End Funds for ALPS Fund Services, Inc. will be present on the Conference Call and be available for questions. During the Conference Call, the Fund’s management will discuss the terms of the Rights Offering and the Fund’s current investment strategies.

As more fully described in the prospectus, each shareholder of the Fund on July 9, 2012 (“Record Date”) will be issued transferable subscription rights (“Rights”) (NYSE MKT: UTG RT) and such Record Date shareholders will be allowed to subscribe for new shares of the Fund (the “Primary Subscription”). Record Date shareholders will receive one Right for each share of the Fund held as of the Record Date. For every three Rights held, a holder of such Rights may buy one new share of the Fund.

Record Date shareholders who fully exercise all Rights initially issued to them in the Primary Subscription will be entitled to buy those shares that are not purchased by other Record Date shareholders. In addition, the Fund, in its sole discretion, may elect to issue additional shares in an amount of up to 25% of the shares issued in the Primary Subscription.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,070.75 -8.82 -0.05%
S&P 500 2,000.35 +3.61 0.18%
NASDAQ 4,572.5560 +14.8610 0.33%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs