UNITED STATES

 

 

SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, D.C. 20549

 

 

FORM N-PX-A

 

AMENDED ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

 

Investment Company Act file number:

811-21432

 

 

 

REAVES UTILITY INCOME FUND

(Exact name of registrant as specified in charter)

 

1625 Broadway, Suite 2200, Denver, Colorado

80202

(Address of principal executive offices)

(Zip code)

 

 

 

Erin E. Douglas
Reaves Utility Income Fund
1625 Broadway, Suite 2200
Denver, Colorado 80202

(Name and address of agent for service)

 

 

 

Registrant’s telephone number, including area code:

(303) 623-2577

 

 

Date of fiscal year end:

October 31

 

 

Date of reporting period:

July 1, 2004 - June 30, 2005

 

 


 

Item 1 – Proxy Voting Record.

 

 

 

 

 

 

 

 

 

Meeting

 

Description

 

Proposed

 

 

 

 

 

With or

 

 

Issuer

 

Symbol

 

Cusip

 

Date

 

of Matter

 

By

 

Voted

 

How Voted

 

Against Mgmnt

1

 

Alltel

 

AT

 

020039103

 

4/21/2005

 

Ratification of Auditors

 

Issuer

 

VOTED

 

FOR

 

WITH

2

 

Alltel

 

 

 

 

 

 

 

Directors

 

Issuer

 

VOTED

 

FOR

 

WITH

3

 

Altria Group

 

MO

 

02209S103

 

4/28/2005

 

DIRECTORS

 

Issuer

 

VOTED

 

FOR

 

WITH

4

 

Altria Group

 

 

 

 

 

 

 

Performance Incentive Plan

 

Issuer

 

VOTED

 

FOR

 

WITH

5

 

Altria Group

 

 

 

 

 

 

 

Ratification of independent auditors

 

Issuer

 

VOTED

 

FOR

 

WITH

6

 

Altria Group

 

 

 

 

 

 

 

Stock Compensation Plan for non-empoyee directors

 

Issuer

 

VOTED

 

FOR

 

WITH

7

 

Altria Group

 

 

 

 

 

 

 

Elimination of Animal Testing

 

Shareholder

 

VOTED

 

AGAINST

 

WITH

8

 

Altria Group

 

 

 

 

 

 

 

Ways to More Adequately Warn Pregnant women

 

Shareholder

 

VOTED

 

AGAINST

 

WITH

9

 

Altria Group

 

 

 

 

 

 

 

To Cease promoting Light and ultra-light brands

 

Shareholder

 

VOTED

 

AGAINST

 

WITH

10

 

Altria Group

 

 

 

 

 

 

 

Extend NY State fire-safe products nationally

 

Shareholder

 

VOTED

 

AGAINST

 

WITH

11

 

Ameren

 

AEE

 

023608102

 

4/26/2005

 

Ratification of Auditors

 

Issuer

 

VOTED

 

FOR

 

WITH

12

 

Ameren

 

 

 

 

 

 

 

Storage of Fuel Rods

 

Issuer

 

VOTED

 

FOR

 

WITH

13

 

Ameren

 

 

 

 

 

 

 

Independent Director

 

Issuer

 

VOTED

 

FOR

 

WITH

14

 

Ameren

 

 

 

 

 

 

 

Directors

 

Issuer

 

VOTED

 

FOR

 

WITH

15

 

AT&T

 

T

 

001957505

 

6/30/2005

 

Merger w/ SBC

 

Issuer

 

VOTED

 

FOR

 

WITH

16

 

AT&T

 

 

 

 

 

 

 

Permit solicitation

 

Issuer

 

VOTED

 

FOR

 

WITH

17

 

AT&T

 

 

 

 

 

 

 

Ratification of Auditors

 

Issuer

 

VOTED

 

FOR

 

WITH

18

 

AT&T

 

 

 

 

 

 

 

No future stock options

 

Issuer

 

VOTED

 

FOR

 

WITH

19

 

AT&T

 

 

 

 

 

 

 

Link restricted stock

 

Issuer

 

VOTED

 

FOR

 

AGAINST

20

 

AT&T

 

 

 

 

 

 

 

Executive Compensation

 

Issuer

 

VOTED

 

FOR

 

WITH

21

 

AT&T

 

 

 

 

 

 

 

Poison Pill

 

Issuer

 

VOTED

 

FOR

 

WITH

22

 

AT&T

 

 

 

 

 

 

 

Shareholder Approval of future serps

 

Shareholder

 

VOTED

 

FOR

 

WITH

23

 

AT&T

 

 

 

 

 

 

 

Shareholder Ratification of Severance

 

Shareholder

 

VOTED

 

FOR

 

WITH

24

 

AT&T

 

 

 

 

 

 

 

Directors

 

Issuer

 

VOTED

 

FOR

 

WITH

25

 

BCE

 

BCE

 

05534B109

 

5/25/2005

 

Appt Deloitte as Auditor

 

Issuer

 

VOTED

 

FOR

 

WITH

26

 

BCE

 

 

 

 

 

 

 

Forbid relationship with external auditors

 

Issuer

 

VOTED

 

AGAINST

 

WITH

27

 

BCE

 

 

 

 

 

 

 

Implement voting mechanism

 

Issuer

 

VOTED

 

AGAINST

 

WITH

28

 

BCE

 

 

 

 

 

 

 

Limit number years independent may serve

 

Issuer

 

VOTED

 

AGAINST

 

WITH

29

 

BCE

 

 

 

 

 

 

 

Directors

 

Issuer

 

VOTED

 

FOR

 

WITH

30

 

BCE

 

 

 

 

 

 

 

Replace stock option plan

 

Issuer

 

VOTED

 

AGAINST

 

WITH

31

 

BellSouth

 

BLS

 

079860102

 

4/25/2005

 

Ratify appt of independent accounting firm

 

Issuer

 

VOTED

 

FOR

 

WITH

32

 

BellSouth

 

 

 

 

 

 

 

Disclosure of political Contributions

 

Shareholder

 

VOTED

 

AGAINST

 

WITH

33

 

BellSouth

 

 

 

 

 

 

 

Directors

 

Issuer

 

VOTED

 

FOR

 

WITH

34

 

BP ADR

 

BP

 

055622104

 

4/14/2005

 

Re-appt Ernst as auditors

 

Issuer

 

VOTED

 

FOR

 

WITH

 

1


 

35

 

BP ADR

 

 

 

 

 

 

 

Directors

 

Issuer

 

VOTED

 

FOR

 

WITH

36

 

BP ADR

 

 

 

 

 

 

 

Give authority to allot limited shares for cash

 

Issuer

 

VOTED

 

FOR

 

WITH

37

 

BP ADR

 

 

 

 

 

 

 

Give authority to allot shares up to a specified amount

 

Issuer

 

VOTED

 

FOR

 

WITH

38

 

BP ADR

 

 

 

 

 

 

 

Give limited authority for purchase of its own shares

 

Issuer

 

VOTED

 

FOR

 

WITH

39

 

BP ADR

 

 

 

 

 

 

 

Approve directors’ remuneration report

 

Issuer

 

VOTED

 

FOR

 

WITH

40

 

BP ADR

 

 

 

 

 

 

 

Approve renewal of directors’ plan

 

Issuer

 

VOTED

 

FOR

 

WITH

41

 

BP ADR

 

 

 

 

 

 

 

Receive directors annual report

 

Issuer

 

VOTED

 

FOR

 

WITH

42

 

Citizens Comm

 

CZN

 

17453B101

 

5/26/2005

 

Amendment to citizens Communication Co

 

Issuer

 

VOTED

 

FOR

 

WITH

43

 

Citizens Comm

 

 

 

 

 

 

 

Ratify appt of KPMG LLP

 

Issuer

 

VOTED

 

FOR

 

WITH

44

 

Citizens Comm

 

 

 

 

 

 

 

Transact any business thay may be brought before meeting

 

Issuer

 

VOTED

 

FOR

 

WITH

45

 

Citizens Comm

 

 

 

 

 

 

 

Directors

 

Issuer

 

VOTED

 

FOR

 

WITH

46

 

Consol Edison

 

ED

 

209115104

 

5/16/2005

 

DIRECTORS

 

Issuer

 

VOTED

 

FOR

 

WITH

47

 

Consol Edison

 

 

 

 

 

 

 

Ratification of independent Accountants

 

Issuer

 

VOTED

 

FOR

 

WITH

48

 

Consol Edison

 

 

 

 

 

 

 

Additional Compensation Information

 

Shareholder

 

VOTED

 

AGAINST

 

WITH

49

 

Constellation Energy

 

CEG

 

210371100

 

5/20/2005

 

Ratification of Pricewaterhouse as accountants for 2005

 

Issuer

 

VOTED

 

FOR

 

WITH

50

 

Constellation Energy

 

 

 

 

 

 

 

Directors

 

Issuer

 

VOTED

 

FOR

 

WITH

51

 

Duke Energy

 

DUK

 

264399106

 

5/12/2005

 

Approval of Ammends to Duke Energy

 

Issuer

 

VOTED

 

FOR

 

WITH

52

 

Duke Energy

 

 

 

 

 

 

 

Directors

 

Issuer

 

VOTED

 

FOR

 

WITH

53

 

Duke Energy

 

 

 

 

 

 

 

Ratification of Deloitte as Duke auditors

 

Issuer

 

VOTED

 

FOR

 

WITH

54

 

Enel Spa ADR

 

EN

 

29265W108

 

5/26/2005

 

Approval of Financial Statement and report of auditors

 

Issuer

 

VOTED

 

FOR

 

WITH

55

 

Enel Spa ADR

 

 

 

 

 

 

 

Approval of allocation of net income

 

Issuer

 

VOTED

 

FOR

 

WITH

56

 

Enel Spa ADR

 

 

 

 

 

 

 

Appointment of external auditors for 2005, 2006 & 2007

 

Issuer

 

VOTED

 

FOR

 

WITH

57

 

Enel Spa ADR

 

 

 

 

 

 

 

Procedure for electing Board of Directors

 

Issuer

 

VOTED

 

FOR

 

WITH

58

 

Enel Spa ADR

 

 

 

 

 

 

 

Delegation to Board to increase share capital in connection w/ stock option plan

 

Issuer

 

VOTED

 

FOR

 

WITH

59

 

Energy East

 

EAS

 

29266M109

 

6/9/2005

 

DIRECTORS

 

Issuer

 

VOTED

 

FOR

 

WITH

60

 

Energy East

 

 

 

 

 

 

 

Appointment of Pricewaterhouse-Accountants

 

Issuer

 

VOTED

 

FOR

 

WITH

61

 

Exxon Mobil

 

XOM

 

30231G102

 

5/25/2005

 

Ratification of independent auditors

 

Issuer

 

VOTED

 

FOR

 

WITH

62

 

Exxon Mobil

 

 

 

 

 

 

 

Directors

 

Issuer

 

VOTED

 

FOR

 

WITH

63

 

Exxon Mobil

 

 

 

 

 

 

 

Political Contributions

 

Issuer

 

VOTED

 

AGAINST

 

WITH

64

 

Exxon Mobil

 

 

 

 

 

 

 

Board Compensation

 

Issuer

 

VOTED

 

AGAINST

 

WITH

65

 

Exxon Mobil

 

 

 

 

 

 

 

Industry Experience

 

Issuer

 

VOTED

 

AGAINST

 

WITH

66

 

Exxon Mobil

 

 

 

 

 

 

 

ACEH security report

 

Issuer

 

VOTED

 

AGAINST

 

WITH

67

 

Exxon Mobil

 

 

 

 

 

 

 

Amendment of EEO Policy

 

Issuer

 

VOTED

 

AGAINST

 

WITH

68

 

Exxon Mobil

 

 

 

 

 

 

 

Biodiversity impact report

 

Issuer

 

VOTED

 

AGAINST

 

WITH

69

 

Exxon Mobil

 

 

 

 

 

 

 

Kyoto Complianc report

 

Issuer

 

VOTED

 

AGAINST

 

WITH

70

 

Exxon Mobil

 

 

 

 

 

 

 

Climate Science report

 

Issuer

 

VOTED

 

AGAINST

 

WITH

 

2


 

71

 

FirstEnergy

 

FE

 

337932107

 

5/17/2005

 

Ratification of public accounting firm

 

Issuer

 

VOTED

 

FOR

 

WITH

72

 

FirstEnergy

 

 

 

 

 

 

 

Directors

 

Issuer

 

VOTED

 

FOR

 

WITH

73

 

FirstEnergy

 

 

 

 

 

 

 

Disclosure of political contributions

 

Shareholder

 

VOTED

 

AGAINST

 

WITH

74

 

FirstEnergy

 

 

 

 

 

 

 

Elimination of supermajority voting provisions

 

Shareholder

 

VOTED

 

AGAINST

 

WITH

75

 

FirstEnergy

 

 

 

 

 

 

 

Change in executive deffered comp plan

 

Shareholder

 

VOTED

 

AGAINST

 

WITH

76

 

Great Plains Energy

 

GXP

 

391164100

 

5/3/2005

 

Ratification of Appt of Deloitte as auditor

 

Issuer

 

VOTED

 

FOR

 

WITH

77

 

Great Plains Energy

 

 

 

 

 

 

 

Directors

 

Issuer

 

VOTED

 

FOR

 

WITH

78

 

Loomis Sayles I Hi Yld Fxd

 

LSHIX

 

543495600

 

6/22/2005

 

DIRECTORS

 

Issuer

 

VOTED

 

FOR

 

WITH

79

 

Loomis Sayles I Hi Yld Fxd

 

 

 

 

 

 

 

Approval of Amended & Restated Declaration of Trust

 

Issuer

 

VOTED

 

FOR

 

WITH

80

 

NSTAR

 

NST

 

67019E107

 

4/28/2005

 

Ratify appt pricewaterhouse accountants

 

Issuer

 

VOTED

 

FOR

 

WITH

81

 

NSTAR

 

 

 

 

 

 

 

Amend Section 28 of Co’s declaration

 

Issuer

 

VOTED

 

FOR

 

WITH

82

 

OGE Energy

 

OGE

 

670837103

 

5/19/2005

 

DIRECTORS

 

Issuer

 

VOTED

 

FOR

 

WITH

83

 

OGE Energy

 

 

 

 

 

 

 

Ratify Ernst & Young as Independent Auditors

 

Issuer

 

VOTED

 

FOR

 

WITH

84

 

ONEOK

 

OKE

 

682680103

 

5/19/2005

 

Approve ONEOK compensation plan

 

Issuer

 

VOTED

 

FOR

 

WITH

85

 

ONEOK

 

 

 

 

 

 

 

Directors

 

Issuer

 

VOTED

 

FOR

 

WITH

86

 

ONEOK

 

 

 

 

 

 

 

Approve amendment to stock plan

 

Issuer

 

VOTED

 

FOR

 

WITH

87

 

ONEOK

 

 

 

 

 

 

 

Ratify selection of KPMG as auditor

 

Issuer

 

VOTED

 

FOR

 

WITH

88

 

ONEOK

 

 

 

 

 

 

 

Directors

 

Issuer

 

VOTED

 

FOR

 

WITH

89

 

Peoples Energy

 

PGL

 

711030106

 

2/25/2005

 

DIRECTORS

 

Issuer

 

VOTED

 

FOR

 

WITH

90

 

Peoples Energy

 

 

 

 

 

 

 

Redeem the 1996 shareholder rights plan unless the plan is approved by a majority of shareholders

 

Shareholder

 

VOTED

 

FOR

 

N/A

93

 

Royal Dutch Petr ADR

 

RD

 

780257804

 

6/28/2005

 

Annual accounts 2004

 

Issuer

 

VOTED

 

FOR

 

WITH

94

 

Royal Dutch Petr ADR

 

 

 

 

 

 

 

Declaration of dividends for year 2004

 

Issuer

 

VOTED

 

FOR

 

WITH

95

 

Royal Dutch Petr ADR

 

 

 

 

 

 

 

Discharge of Directors responsibility

 

Issuer

 

VOTED

 

FOR

 

WITH

96

 

Royal Dutch Petr ADR

 

 

 

 

 

 

 

Discharge of Supervisory Board

 

Issuer

 

VOTED

 

FOR

 

WITH

97

 

Royal Dutch Petr ADR

 

 

 

 

 

 

 

Appt of Mr. LR Ricciardi as member

 

Issuer

 

VOTED

 

FOR

 

WITH

98

 

Royal Dutch Petr ADR

 

 

 

 

 

 

 

Authorization for acquisition of shares

 

Issuer

 

VOTED

 

FOR

 

WITH

99

 

Royal Dutch Petr ADR

 

 

 

 

 

 

 

Cancellation of shares held by Company

 

Issuer

 

VOTED

 

FOR

 

WITH

100

 

Royal Dutch Petr ADR

 

 

 

 

 

 

 

Approval of implementation Agreement

 

Issuer

 

VOTED

 

FOR

 

WITH

101

 

Royal Dutch Petr ADR

 

 

 

 

 

 

 

Proposal to amend articles of association

 

Issuer

 

VOTED

 

FOR

 

WITH

102

 

Royal Dutch Petr ADR

 

 

 

 

 

 

 

Appt of Non-executive Directors

 

Issuer

 

VOTED

 

FOR

 

WITH

103

 

Royal Dutch Petr ADR

 

 

 

 

 

 

 

Appt of Mr. A.G. Jacobs as Non-Ex.

 

Issuer

 

VOTED

 

FOR

 

WITH

104

 

Royal Dutch Petr ADR

 

 

 

 

 

 

 

Appt of Mr. AA London as Non-Executive

 

Issuer

 

VOTED

 

FOR

 

WITH

105

 

Royal Dutch Petr ADR

 

 

 

 

 

 

 

Appt of Mr. L Ricciardi as Non-Executive

 

Issuer

 

VOTED

 

FOR

 

WITH

106

 

Royal Dutch Petr ADR

 

 

 

 

 

 

 

Adopt of remuneration policy for the board

 

Issuer

 

VOTED

 

FOR

 

WITH

107

 

Royal Dutch Petr ADR

 

 

 

 

 

 

 

Approval of amended long-term Plan

 

Issuer

 

VOTED

 

FOR

 

WITH

108

 

Royal Dutch Petr ADR

 

 

 

 

 

 

 

Approval of amended Restricted Plan

 

Issuer

 

VOTED

 

FOR

 

WITH

 

3


 

109

 

Royal Dutch Petr ADR

 

 

 

 

 

 

 

Approval of amended Deferred Bonus Plan

 

Issuer

 

VOTED

 

FOR

 

WITH

110

 

SBC

 

SBC

 

78387G103

 

4/29/2005

 

Approval of appointment of independen auditors

 

Issuer

 

VOTED

 

FOR

 

WITH

111

 

SBC

 

 

 

 

 

 

 

Approval of stock purchase & deferral plan

 

Issuer

 

VOTED

 

FOR

 

WITH

112

 

SBC

 

 

 

 

 

 

 

Directors

 

Issuer

 

VOTED

 

FOR

 

WITH

113

 

SBC

 

 

 

 

 

 

 

Disclosure of Political Contributions

 

Shareholder

 

VOTED

 

AGAINST

 

WITH

114

 

SBC

 

 

 

 

 

 

 

Disclosure of Details of Compenstaion Packages

 

Shareholder

 

VOTED

 

AGAINST

 

WITH

115

 

SBC

 

 

 

 

 

 

 

Executive Perfomance Measurements

 

Shareholder

 

VOTED

 

AGAINST

 

WITH

116

 

SBC

 

 

 

 

 

 

 

Adopt Simple Majority Vote

 

Shareholder

 

VOTED

 

AGAINST

 

WITH

117

 

Sempra Energy

 

SRE

 

816851109

 

4/5/2005

 

Ratification of independent auditors

 

Issuer

 

VOTED

 

FOR

 

WITH

118

 

Sempra Energy

 

 

 

 

 

 

 

DIRECTORS VOTE

 

Issuer

 

VOTED

 

FOR

 

WITH

119

 

Sempra Energy

 

 

 

 

 

 

 

Proposal regarding stock option expensing

 

Issuer

 

VOTED

 

AGAINST

 

WITH

120

 

Sempra Energy

 

 

 

 

 

 

 

Proposal regarding election of directors

 

Issuer

 

VOTED

 

AGAINST

 

WITH

121

 

Sempra Energy

 

 

 

 

 

 

 

Proposal regarding based-stock options

 

Issuer

 

VOTED

 

AGAINST

 

WITH

122

 

Sempra Energy

 

 

 

 

 

 

 

Proposal regarding shareholder rights plan

 

Issuer

 

VOTED

 

AGAINST

 

WITH

123

 

South Jersey Indus

 

SJI

 

838518108

 

4/21/2005

 

Approve proposal to increase shares

 

Issuer

 

VOTED

 

FOR

 

WITH

124

 

South Jersey Indus

 

 

 

 

 

 

 

Directors

 

Issuer

 

VOTED

 

FOR

 

WITH

125

 

South Jersey Indus

 

 

 

 

 

 

 

Approve an amendment 1997 stock plan

 

Issuer

 

VOTED

 

FOR

 

WITH

126

 

South Jersey Indus

 

 

 

 

 

 

 

Ratify the appt of Deloitte auditors 2005

 

Issuer

 

VOTED

 

FOR

 

WITH

127

 

Southern Union Co

 

SUG

 

844030106

 

5/9/2005

 

Eliminate the classification of directors

 

Issuer

 

VOTED

 

FOR

 

WITH

128

 

Southern Union Co

 

 

 

 

 

 

 

DIRECTORS VOTE

 

Issuer

 

VOTED

 

FOR

 

WITH

129

 

Southern Union Co

 

 

 

 

 

 

 

Eliminate the requirement that directors may be removed only for cause

 

Issuer

 

VOTED

 

FOR

 

WITH

130

 

Southern Union Co

 

 

 

 

 

 

 

To eliminate cumulative voting

 

Issuer

 

VOTED

 

FOR

 

WITH

131

 

Southern Union Co

 

 

 

 

 

 

 

Approve to add director qualification

 

Issuer

 

VOTED

 

FOR

 

WITH

132

 

Southern Union Co

 

 

 

 

 

 

 

Remove all directors without cause

 

Issuer

 

VOTED

 

FOR

 

WITH

133

 

Southern Union Co

 

 

 

 

 

 

 

To elect David Brodsky

 

Issuer

 

VOTED

 

FOR

 

WITH

134

 

Southern Union Co

 

 

 

 

 

 

 

To elect Herbert H. Jacobi

 

Issuer

 

VOTED

 

FOR

 

WITH

135

 

Southern Union Co

 

 

 

 

 

 

 

To elect Thomas Karam

 

Issuer

 

VOTED

 

FOR

 

WITH

136

 

Southern Union Co

 

 

 

 

 

 

 

To elect George Lindemann

 

Issuer

 

VOTED

 

FOR

 

WITH

137

 

Southern Union Co

 

 

 

 

 

 

 

Amend the company’s 2003 plan

 

Issuer

 

VOTED

 

FOR

 

WITH

138

 

Statoil ADR

 

STO

 

85771P102

 

5/11/2005

 

Election of Chair of Meeting

 

Issuer

 

VOTED

 

FOR

 

WITH

139

 

Statoil ADR

 

 

 

 

 

 

 

Election of person to co-sign Minutes w/ Chair

 

Issuer

 

VOTED

 

FOR

 

WITH

140

 

Statoil ADR

 

 

 

 

 

 

 

Approval of Notice & Agenda

 

Issuer

 

VOTED

 

FOR

 

WITH

141

 

Statoil ADR

 

 

 

 

 

 

 

Approval of Annual Report and dividend proposal

 

Issuer

 

VOTED

 

FOR

 

WITH

142

 

Statoil ADR

 

 

 

 

 

 

 

Determination of Renumeration for auditor

 

Issuer

 

VOTED

 

FOR

 

WITH

143

 

Statoil ADR

 

 

 

 

 

 

 

Authorize: acquire more shares to implement employee share savings plan

 

Issuer

 

VOTED

 

FOR

 

WITH

 

4


 

144

 

TDC

 

TLD

 

87236N102

 

3/17/2005

 

DIRECTORS

 

Issuer

 

VOTED

 

FOR

 

WITH

145

 

TDC

 

 

 

 

 

 

 

Adoption of Annual Report

 

Issuer

 

VOTED

 

FOR

 

WITH

146

 

TDC

 

 

 

 

 

 

 

Discharge to the Board and the Executive Committee

 

Issuer

 

VOTED

 

FOR

 

WITH

147

 

TDC

 

 

 

 

 

 

 

Appropriation of Profit according to Annual Report as adopted

 

Issuer

 

VOTED

 

FOR

 

WITH

148

 

TDC

 

 

 

 

 

 

 

Reduce company’s share capital by cancellation of company held shares

 

Issuer

 

VOTED

 

FOR

 

WITH

149

 

TDC

 

 

 

 

 

 

 

lifting provision where no shareholder could hold more than 9.5%

 

Issuer

 

VOTED

 

FOR

 

WITH

150

 

TDC

 

 

 

 

 

 

 

In Future one stated authorized auditor is elected

 

Issuer

 

VOTED

 

FOR

 

WITH

151

 

TDC

 

 

 

 

 

 

 

Chairman to be elected by Board of Directors

 

Issuer

 

VOTED

 

FOR

 

WITH

152

 

TDC

 

 

 

 

 

 

 

Election of Auditor: Pricewaterhousecoopers

 

Issuer

 

VOTED

 

FOR

 

WITH

153

 

TDC

 

 

 

 

 

 

 

Allow Company to acquire own shares

 

Issuer

 

VOTED

 

FOR

 

WITH

154

 

TECO Energy

 

TE

 

872375100

 

4/27/2005

 

DIRECTORS

 

Issuer

 

VOTED

 

FOR

 

WITH

155

 

TECO Energy

 

 

 

 

 

 

 

Ratification of independent auditors

 

Issuer

 

VOTED

 

FOR

 

WITH

156

 

TODCO

 

THE

 

88889T107

 

5/10/2005

 

Approval of Todco long term incentive plan

 

Issuer

 

VOTED

 

FOR

 

WITH

157

 

TODCO

 

 

 

 

 

 

 

DIRECTORS VOTE

 

Issuer

 

VOTED

 

FOR

 

WITH

158

 

TODCO

 

 

 

 

 

 

 

Approval of 2005 Todco long Term plan

 

Issuer

 

VOTED

 

FOR

 

WITH

159

 

TransAlta

 

TAC

 

89346D107

 

4/29/2005

 

Appointment of Ernst & Young

 

Issuer

 

VOTED

 

FOR

 

WITH

160

 

TransAlta

 

 

 

 

 

 

 

DIRECTORS VOTE

 

Issuer

 

VOTED

 

FOR

 

WITH

161

 

Transocean

 

RIG

 

G90078109

 

5/12/2005

 

Approval of Ernst& Young

 

Issuer

 

VOTED

 

FOR

 

WITH

162

 

Transocean

 

 

 

 

 

 

 

DIRECTORS VOTE

 

Issuer

 

VOTED

 

FOR

 

WITH

163

 

Transocean

 

 

 

 

 

 

 

Approval employee stock plan increase

 

Issuer

 

VOTED

 

FOR

 

WITH

164

 

TXU

 

TXU

 

873168108

 

5/20/2005

 

Approval of 2005 Omnibus Incentive Plan

 

Issuer

 

VOTED

 

AGAINST

 

AGAINST

165

 

TXU

 

 

 

 

 

 

 

DIRECTORS VOTE

 

Issuer

 

VOTED

 

FOR

 

WITH

166

 

TXU

 

 

 

 

 

 

 

Approval of Auditors Deloitte & Touche

 

Issuer

 

VOTED

 

FOR

 

WITH

167

 

UniSource Energy

 

UNS

 

909205106

 

5/6/2005

 

DIRECTORS VOTE

 

Issuer

 

VOTED

 

FOR

 

WITH

172

 

Vectren

 

VVC

 

92240G101

 

4/27/2005

 

Ratify the appt of Deloitte auditors 2005

 

Issuer

 

VOTED

 

FOR

 

WITH

173

 

Vectren

 

 

 

 

 

 

 

DIRECTORS VOTE

 

Issuer

 

VOTED

 

FOR

 

WITH

174

 

Verizon Comm

 

VZ

 

92343V104

 

5/5/2005

 

Ratification of public accounting firm

 

Issuer

 

VOTED

 

FOR

 

WITH

175

 

Verizon Comm

 

 

 

 

 

 

 

DIRECTORS VOTE

 

Issuer

 

VOTED

 

FOR

 

WITH

176

 

Verizon Comm

 

 

 

 

 

 

 

Cumulative Voting

 

Issuer

 

VOTED

 

AGAINST

 

WITH

177

 

Verizon Comm

 

 

 

 

 

 

 

Majority vote for election of directors

 

Issuer

 

VOTED

 

AGAINST

 

WITH

178

 

Verizon Comm

 

 

 

 

 

 

 

Board Composition

 

Issuer

 

VOTED

 

AGAINST

 

WITH

179

 

Verizon Comm

 

 

 

 

 

 

 

Separate chairman and CEO

 

Issuer

 

VOTED

 

AGAINST

 

WITH

180

 

Verizon Comm

 

 

 

 

 

 

 

Report on political contributions

 

Issuer

 

VOTED

 

AGAINST

 

WITH

181

 

WPS Resources

 

WPS

 

92931B106

 

5/19/2005

 

Ratify selection of Deloitte & Touche

 

Issuer

 

VOTED

 

FOR

 

WITH

182

 

WPS Resources

 

 

 

 

 

 

 

DIRECTORS VOTE

 

Issuer

 

VOTED

 

FOR

 

WITH

183

 

WPS Resources

 

 

 

 

 

 

 

Approve 2005 Omnibus Compensation Plan

 

Issuer

 

VOTED

 

FOR

 

WITH

184

 

WPS Resources

 

 

 

 

 

 

 

Approve deferred Compensation Plan

 

Issuer

 

VOTED

 

AGAINST

 

AGAINST

 

5


 

185

 

Xcel Energy

 

XEL

 

98389B100

 

5/25/2005

 

DIRECTORS

 

Issuer

 

VOTED

 

FOR

 

WITH

91

 

PPL Corporation

 

PPL

 

69351T106

 

4/22/2005

 

DIRECTORS

 

Issuer

 

VOTED

 

FOR

 

WITH

92

 

PPL Corporation

 

 

 

 

 

 

 

Ratification of Apppointment of Independnet Auditor

 

Issuer

 

VOTED

 

FOR

 

WITH

168

 

UST Inc.

 

UST

 

902911106

 

5/3/2005

 

DIRECTORS

 

Issuer

 

VOTED

 

FOR

 

WITH

169

 

UST Inc.

 

 

 

 

 

 

 

Approval of Long-Term Incentive Plan

 

Issuer

 

VOTED

 

FOR

 

WITH

170

 

UST Inc.

 

 

 

 

 

 

 

Ratify & Approve Independent Auditors (Ernst & Young)

 

Issuer

 

VOTED

 

FOR

 

WITH

171

 

UST Inc.

 

 

 

 

 

 

 

Submit Internet Advertising to an Independent Academic Panel

 

Shareholder

 

VOTED

 

AGAINST

 

WITH

 

6


 

SIGNATURE

 

Pursuant to the requirements of the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

Reaves Utility Income Fund

 

 

 

 

By:

/s/ Edmund J. Burke

 

 

 

Edmund J. Burke

 

 

President

 

 

 

 

Date:

December 22, 2005

 

7