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  5. HYLD.U: In my taxed investment account I’m looking to increase my USD monthly income. [Hamilton Enhanced U.S. Covered Call ETF]

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Q: In my taxed investment account I’m looking to increase my USD monthly income. I have Canadian banks, utilities, telecoms in USD so I receive their dividends in USD’s. What do you think about adding a covered call like HYLD.u or other? (prefer to avoid withholding tax). Thx!
Asked by Dan on May 09, 2024
5i Research Answer:
Distributions from HDIV and HYLD/HYLD.U are not subject to withholding taxes. The level of...
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