# EDGAR Filing Document

**Accession Number:** 0001263994
**File Stem:** 0001263994-26-000016
**Filing Date:** 2026-6
**Character Count:** 27412
**Document Hash:** e95c34d968cab4d62f9a81ab143e0e91
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001263994-26-000016.hdr.sgml**: 20260626

**ACCESSION NUMBER**: 0001263994-26-000016

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260626

**DATE AS OF CHANGE**: 20260626

**PERIOD START**: 20261031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** REAVES UTILITY INCOME FUND
- **CENTRAL INDEX KEY:** 0001263994

**ORGANIZATION NAME:**
- **EIN:** 200223928
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21432
- **FILM NUMBER:** 261124891

**BUSINESS ADDRESS:**
- **STREET 1:** 1700 BROADWAY
- **STREET 2:** SUITE 2100
- **CITY:** DENVER
- **STATE:** CO
- **BUSINESS PHONE:** 3036232577

**MAIL ADDRESS:**
- **STREET 1:** 1700 BROADWAY
- **STREET 2:** SUITE 2100
- **CITY:** DENVER
- **STATE:** CO

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** UTILITY INCOME TRUST
- **DATE OF NAME CHANGE:** 20030917

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Reaves Utility Income Fund

- **b. Investment Company Act file number:** 811-21432

- **c. CIK number of Registrant:** 0001263994

- **d. LEI of Registrant:** 549300GS807NR3X3LH36

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 1700 Broadway Suite 2100

  - **City:** Denver

  - **State:** CO

  - **Foreign country:** US

  - **Zip / Postal Code:** 80290

  - **Telephone number:** 8006445571

**Item A.2. Information about the Series.**

- **a. Name of Series:** Reaves Utility Income Fund

- **c. LEI of Series:** 549300GS807NR3X3LH36

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-04-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $5006161353.63

**Total Liabilities:** $953267097.51

**Net Assets:** $4052894256.12

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 11.20%               | -5.55%               | 9.82%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $14622.77                | $428663959.09                              |
| Month 2  | $40575076.23             | $-287323761.30                             |
| Month 3  | $15448763.07             | $436893166.99                              |

### Schedule of Portfolio Investments

| Name                                         | Title                                        | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Vertiv Holdings Co                           | Vertiv Holdings Co                           | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |     44000 | NS      | $14453560.00  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Cameco Corp                                  | Cameco Corp                                  | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |    997200 | NS      | $122695488.00 | 3.03%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA Communications Corp                      | SBA COMMUNICATIONS CORP CLASS A              | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               | CORP              | US        |    305200 | NS      | $67510240.00  | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| X-ENERGY REACTOR CO., LLC, SERIES D PFD UNIT | X-ENERGY REACTOR CO., LLC, SERIES D PFD UNIT | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |   1891802 | NS      | $54024189.71  | 1.33%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Alliant Energy Corp                          | Alliant Energy Corp                          | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               | CORP              | US        |   1862715 | NS      | $136779162.45 | 3.37%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL Corp                                     | PPL Corp                                     | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |   1951846 | NS      | $73077114.24  | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust Inc                     | Digital Realty Trust Inc                     | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |     59000 | NS      | $11855460.00  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy Corp                    | Constellation Energy Corp                    | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |    602820 | NS      | $188682661.10 | 4.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Corning Inc                                  | Corning Inc                                  | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |    660800 | NS      | $108529792.00 | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT Corp                                     | EQT Corp                                     | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |   1089000 | NS      | $65427120.00  | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos Inc/The                         | Williams Cos Inc/The                         | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |   1920313 | NS      | $146539085.03 | 3.62%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE Energy Co                                | DTE Energy Co                                | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |    252000 | NS      | $38225880.00  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| WaterBridge Infrastructure LLC               | WaterBridge Infrastructure LLC               | CUSIP: 940923105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    400000 | NS      | $12056000.00  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Chesapeake Utilities Corp                    | Chesapeake Utilities Corp                    | CUSIP: 165303108<br>LEI: 254900WW0FDCKAOCKE74 | Long             | EC               | CORP              | US        |     20000 | NS      | $2522400.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc                          | Arista Networks Inc                          | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |    345000 | NS      | $59584950.00  | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                              | Xcel Energy Inc                              | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |   2133600 | NS      | $176982120.00 | 4.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Coherent Corp                                | Coherent Corp                                | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |    184368 | NS      | $58944293.28  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Bank of Canada                         | SOFR FLT 1MM 04/23/27                        | CUSIP: N/A<br>LEI: ES7IP3U3RHIGC71XBU11       | Long             | DIR              | CORP              | US        |         1 | PA      | $1508.08      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NRG Energy Inc                               | NRG Energy Inc                               | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |    288500 | NS      | $44884830.00  | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| TELUS Corp                                   | TELUS Corp                                   | CUSIP: 87971M103<br>LEI: 894500TX134IMF6NW757 | Long             | EC               | CORP              | CA        |   3353400 | NS      | $41993104.87  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| National Fuel Gas Co                         | National Fuel Gas Co                         | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               | CORP              | US        |    314465 | NS      | $26534556.70  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| CenterPoint Energy Inc                       | CenterPoint Energy Inc                       | CUSIP: 15189T107<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | EC               | CORP              | US        |   4451007 | NS      | $194286455.55 | 4.79%             |  |  |  | No            |                  1 | On Loan: No      |
| H2O America                                  | H2O America                                  | CUSIP: 784305104<br>LEI: 9845001B7F4E4U1CHD46 | Long             | EC               | CORP              | US        |    100000 | NS      | $5619000.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc                          | Cheniere Energy Inc                          | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |    117000 | NS      | $32169150.00  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| MP Materials Corp                            | MP Materials Corp                            | CUSIP: 553368101<br>LEI: 89450063PHPS61USMT84 | Long             | EC               | CORP              | US        |   2455909 | NS      | $162188230.36 | 4.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Bank of Canada                         | SOFR FLT 50MM 07/23/27                       | CUSIP: N/A<br>LEI: ES7IP3U3RHIGC71XBU11       | Long             | DIR              | CORP              | US        |         1 | PA      | $130343.50    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Public Service Enterprise Grou               | Public Service Enterprise Grou               | CUSIP: 744573106<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | EC               | CORP              | US        |    155000 | NS      | $12657300.00  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Albemarle Corp                               | Albemarle Corp                               | CUSIP: 012653101<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | EC               | CORP              | US        |     50000 | NS      | $9835000.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameren Corp                                  | Ameren Corp                                  | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |    516500 | NS      | $58700225.00  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Federated Hermes Treasury Obli               | FEDERATED HERMES TREASURY OBLIGATIONS FUND   | CUSIP: 60934N500<br>LEI: 254900WUIGYHOH89FC60 | Long             | STIV             | RF                | US        |  47683933 | NS      | $47683933.17  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| OGE Energy Corp                              | OGE Energy Corp                              | CUSIP: 670837103<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | EC               | CORP              | US        |   1520730 | NS      | $74211624.00  | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corp                          | American Tower Corp                          | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |     97072 | NS      | $17736025.12  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Iron Mountain Inc                            | Iron Mountain Inc                            | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | EC               | CORP              | US        |    160000 | NS      | $20158400.00  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamar Advertising Co                         | Lamar Advertising Co                         | CUSIP: 512816109<br>LEI: 529900Y8WW4MKVPTB543 | Long             | EC               | CORP              | US        |     14000 | NS      | $1929760.00   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| TIC Solutions Inc                            | TIC Solutions Inc                            | CUSIP: 00510N102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2604703 | NS      | $23806985.42  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle West Capital Corp                   | Pinnacle West Capital Corp                   | CUSIP: 723484101<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | EC               | CORP              | US        |    677000 | NS      | $70218440.00  | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Dominion Freight Line Inc                | Old Dominion Freight Line Inc                | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |     65000 | NS      | $13807950.00  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova Inc                               | GE Vernova Inc                               | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |    159204 | NS      | $172491165.84 | 4.26%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                              | T-Mobile US Inc                              | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |     85000 | NS      | $16617500.00  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Solv Energy Inc                              | Solv Energy Inc                              | CUSIP: 78475V103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    330000 | NS      | $13147200.00  | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Unitil Corp                                  | Unitil Corp                                  | CUSIP: 913259107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    208275 | NS      | $10926106.50  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Centrus Energy Corp                          | Centrus Energy Corp                          | CUSIP: 15643U104<br>LEI: 549300G6VDK9G8276661 | Long             | EC               | CORP              | US        |    199058 | NS      | $41993275.68  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Castle Inc                             | Crown Castle International Corp              | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |    245000 | NS      | $21751100.00  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Enterprise Products Partners LP              | Enterprise Products Partners LP              | CUSIP: 293792107<br>LEI: K4CDIF4M54DJZ6TB4Q48 | Long             | EC               | CORP              | US        |   3493940 | NS      | $135215478.00 | 3.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Corp                                 | Entergy Corp                                 | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |   1431600 | NS      | $168799956.00 | 4.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Rice Acquisition Corp 3                      | Rice Acquisition Corp 3                      | CUSIP: G7553X122<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |   2400000 | NS      | $25188000.00  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| USA Rare Earth Inc                           | USA Rare Earth Inc                           | CUSIP: 91733P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2320000 | NS      | $60250400.00  | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services Inc                          | Quanta Services Inc                          | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |    218900 | NS      | $159308853.00 | 3.93%             |  |  |  | No            |                  1 | On Loan: No      |
| NiSource Inc                                 | NiSource Inc                                 | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |   2702100 | NS      | $130457388.00 | 3.22%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corp                              | CMS Energy Corp                              | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |   1406361 | NS      | $107924143.14 | 2.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix Inc                                  | Equinix Inc                                  | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |    156741 | NS      | $169723857.03 | 4.19%             |  |  |  | No            |                  1 | On Loan: No      |
| WEC Energy Group Inc                         | WEC Energy Group Inc                         | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |    236000 | NS      | $27833840.00  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Lithium Americas Corp                        | Lithium Americas Corp                        | CUSIP: 53681J103<br>LEI: 529900Q9ENG7EHHZ5R75 | Long             | EC               | CORP              | CA        |   1240000 | NS      | $7105200.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Talen Energy Corp                            | Talen Energy Corp                            | CUSIP: 87422Q109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1009796 | NS      | $376068226.32 | 9.28%             |  |  |  | No            |                  1 | On Loan: No      |
| York Water Co/The                            | York Water Co/The                            | CUSIP: 987184108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    275000 | NS      | $7980500.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Petroleum Corp                      | Marathon Petroleum Corp                      | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |    177000 | NS      | $43947330.00  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Sempra                                       | Sempra Energy                                | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |   1206378 | NS      | $114750675.36 | 2.83%             |  |  |  | No            |                  1 | On Loan: No      |
| X-Energy Inc                                 | X-Energy Inc                                 | CUSIP: 98386P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    300000 | NS      | $9519000.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Dycom Industries Inc                         | Dycom Industries Inc                         | CUSIP: 267475101<br>LEI: 549300F56EKTHQI3WT60 | Long             | EC               | CORP              | US        |    225000 | NS      | $93172500.00  | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp                           | Union Pacific Corp                           | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |     50000 | NS      | $13474000.00  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| DT Midstream Inc                             | DT Midstream Inc                             | CUSIP: 23345M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    784563 | NS      | $116107478.37 | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                           | NextEra Energy Inc                           | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |    668500 | NS      | $65432780.00  | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| IDACORP Inc                                  | IDACORP Inc                                  | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |   1287100 | NS      | $190156154.00 | 4.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Tamboran Resources Corp                      | Tamboran Resources Corp                      | CUSIP: 87507T101<br>LEI: 529900WBYBEP48BB5133 | Long             | EC               | CORP              | US        |    615001 | NS      | $22201536.10  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumentum Holdings Inc                        | Lumentum Holdings Inc                        | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Long             | EC               | CORP              | US        |     29785 | NS      | $26875601.20  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Telekom AG                          | Deutsche Telekom AG                          | CUSIP: N/A<br>LEI: 549300V9QSIG4WX4GJ96       | Long             | EC               | CORP              | DE        |   4161042 | NS      | $134641481.55 | 3.32%             |  |  |  | No            |                  1 | On Loan: No      |
| MPLX LP                                      | MPLX LP                                      | CUSIP: 55336V100<br>LEI: 5493000CZJ19CK4P3G36 | Long             | EC               | CORP              | US        |    670500 | NS      | $37729035.00  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Rogers Communications Inc                    | Rogers Communications Inc                    | CUSIP: 775109200<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | EC               | CORP              | CA        |    498000 | NS      | $18129421.72  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp                                  | Vistra Corp                                  | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |   1060500 | NS      | $167389320.00 | 4.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Pacific Kansas City L               | Canadian Pacific Kansas City Limited         | CUSIP: 13646K108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |   1095000 | NS      | $95221200.00  | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Bank of Canada                         | SOFR FLT 200MM 04/23/27                      | CUSIP: N/A<br>LEI: ES7IP3U3RHIGC71XBU11       | Long             | DIR              | CORP              | US        |         1 | PA      | $443012.00    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-30

**Name of Applicant:** Reaves Utility Income Fund

**Signature:** Jill Kerschen

**Name of Signer:** Jill Kerschen

**Title:** Treasurer