Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013
Coins

14016

Reaves Utility Income Fund appoints new custodian and stock transfer agent

RELATED TOPICS​

Reaves Utility Income Fund has appointed State Street Bank and Trust Company as the fund’s new custodian.

In this capacity, State Street will maintain custody of the fund’s securities, cash and other assets.
 
In addition, the fund has appointed DST Systems as the fund’s new stock transfer agent, dividend paying agent and registrar. DST will also serve as the new plan administrator for the fund’s dividend reinvestment plan.
 
The fund’s investment objective is to provide a high level of after-tax income and total return consisting primarily of tax-advantaged dividend income and capital appreciation. The fund has approximately USD1bn in total assets under management, and 29 million shares outstanding, as of 30 November 2013.

Latest News

UK-based wealth management companies London & Capital and Waverton have announced that they have reached..
Figment Europe, a provider of institutional staking infrastructure, writes that it is solidifying its presence..
Enthusiasm for climate-conscious investment strategies will grow in 2024 according to Invesco. At an event..

Related Articles

Sustainable Economy Top Panel
Europe is driving the growth in sustainable investment with global assets under management in ESG-labelled funds passing USD2.8 trillion...
Europe is driving the growth in sustainable investment with global assets under management in ESG-labelled funds passing USD2.8 trillion...
Pension funds
UK institutional investors are questioning the value of investing in private markets despite pressure from government to finance the country’s net zero and levelling up ambitions...
UK institutional investors are questioning the value of investing in private markets despite pressure from government to finance the country’s..
Juan Nozal, Mapfre Asset Management
Juan Nozal, Fixed Income Portfolio Manager at MAPFRE Asset Management, talks about the outlook for fixed income assets over 2024, in what he predicts will be an outstanding year for this asset class...
Juan Nozal, Fixed Income Portfolio Manager at MAPFRE Asset Management, talks about the outlook for fixed income assets over 2024,..
n response to the increased attention to climate change risk, institutional investors, asset managers, and asset owners in the US are committed to implementing a variety of measures to address climate change and reach their net-zero goals, according to Cerulli Associates...
n response to the increased attention to climate change risk, institutional investors, asset managers, and asset owners in the US..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by