While Reaves hand-picks stocks based on their appreciation potential as well as their cash flow and dividend growth profiles, the primary source of returns for UTG is the high-yielding distribution, which comes from both leveraged dividend income and realized capital gains. That's up from about 21% leverage the year prior. Rather than strictly utilities, one can think of UTG as an essential infrastructure fund.Īs of the end of 2022, total net assets stood at $2.1 billion as well as $500 million in debt, representing leverage of about 24%. Rather, it is an actively managed fund that is split roughly 60/40 between utilities and other sectors, such as communications, real estate, industrials, and energy. Since then, the fund has returned just shy of 10% annually, on average, while tracking closely with the unleveraged utility index - the SPDR Utilities Select Sector ETF ( XLU): Data by YChartsīut UTG isn't simply a leveraged version of a market cap-weighted utility index. The fund began on February 24th, 2004, almost 19 years ago exactly as I write this. Along with Android 4.3 on board.The Reaves Utility Income Fund ( NYSE: UTG) is a lightly leveraged closed-end fund that invests in utility and telecommunications "businesses that grow cash flows and dividend payments more quickly than sector averages and faster than long-term inflation." The new Nexus 7 has a 1920×1200 resolution 7-inch display, 2GB of RAM and a slightly smaller battery. It went live on July 31st, so you’ll want to get out there quickly. It had been available only in the US, but it appears that it’s now available at some retailers in Canada. Last week, Google and ASUS announced the New Nexus 7. We’ve talked about this before, but the spectrum license transfer rules in Canada are quite different compared to the US. It appears that TELUS is looking to take legal action against the federal government over the spectrum license transfer rules. TELUS Taking Legal Action over Spectrum license transfer rules And definitely better than signing a 3-year deal with a carrier. Now that 2-year contracts are beginning to be the norm in Canada, Bell has now put their Xperia Z on sale for about $149.95 with a new 2-year contract. Xperia Z Available on Bell for $149.95 with a new 2-year contract Smartphones are $55/month then you have your data starting at 250MB for $15/month and goes up to 10GB for $100/month. For those of you familiar with AT&T and Verizon’s plans, they are pretty similar. TELUS’ new SharePlus Plans Went Live this WeekĮarlier this week, TELUS’ new SharePlus plans went live. Yes that’s a 2-year contract and not 3-year contract. This week, TELUS is discounting the iPhone 5, HTC One, Galaxy S4 and Blackberry Z10 by about $50 when you sign a new 2-year contract. TELUS Discounting many devices by $50 on a new 2-year contract
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