Equity income is, put simply, income generated from holding equities (stocks). That income can come in the form of dividends paid by those equities. It can also be generated by selling covered call options on equity holdings.
Harvest Equity Income ETFs earn their income from a combination of dividends and our actively managed covered call option strategy. They pay that income as monthly cashflow to ETF unitholders.
That cashflow can be particularly attractive to retirees. It can be used to finance their retirement lifestyles and goals, offset mandatory RRIF withdrawals, or ensure the costs of long term care aren’t passed on to the next generation.