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0 0.00182964224872229 0.000241908006814351 0.006473594548552 0.0157410562180579 0.0149914821124362 0.0122657580919932 0.0115843270868824
Stock impact report

SZC: Revamped Fund Offers Potential Opportunity [Seeking Alpha]

Reaves Utility Income Fund Common Shares of Beneficial Interest (UTG) 
NASDAQ:AMEX Investor Relations: utilityincomefund.com
Company Research Source: Seeking Alpha
SummarySZC has recently transitioned into more of an infrastructure fund, rather than a sole focus on the energy space.This should help the fund going forward, but it still has too much energy exposure for those that are risk-averse.The current distribution rate is unrealistic and unattainable.Written by Nick Ackerman, co-produced byStanford ChemistThe Cushing NextGen Infrastructure Income Fund (name wasSZC released an important update on February 3rd, 2020. In that publication the fund explained its name change and objective change. They stated that:The Fund currently pursues its investment objective by investing, under normal market conditions, in at least 80% of its Managed Assets in a portfolio of Renaissance Companies, which are (NYSE:IIIIIThe quick summary of this is that they were focused primarily on the energy space. More specifically they described them as "renaissance companies." Hence, their prior name. That was for 80% of their portfolio. Effective on April 3rd, 2020 the Show less Read more
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