Destra Multi-Alternative Fund Declares September 2022 Distribution
September 09 2022 - 8:00AM
Business Wire
On September 9, 2022, Destra Multi-Alternative Fund (the “Fund”
or “DMA”), a closed-end fund traded on the New York Stock Exchange
under the symbol DMA, today declared a distribution of $0.0563 per
share for the month of September 2022. The record date for the
distribution is September 20, 2022, and the payable date is
September 30, 2022. The Fund will trade ex-distribution on
September 19, 2022.
Based on the Fund’s current share price of $7.31 (as of its
close on September 7, 2022), the distribution represents an
annualized distribution rate of approximately 9.24% (calculated by
annualizing the distribution amount and dividing it by the current
market price). Information regarding the distribution rate is
included for informational purposes only and is not necessarily
indicative of future results, the achievement of which cannot be
assured. The distribution rate should not be considered the yield
or total return on an investment in the Fund.
Pursuant to the Fund’s Dividend Reinvestment Plan (“DRP”),
unless the registered owner of the Fund’s Common Shares elects
otherwise by contacting the Fund’s plan agent, American Stock
Transfer & Trust Company, LLC (“AST”), all dividends declared
on the Common Shares will be automatically reinvested in additional
Common Shares by AST. Common Shareholders who elect not to
participate in the DRP will receive all dividends and other
distributions in cash paid by check mailed directly to the
shareholder of record. Shareholders may obtain more information on
the shareholder services offered to the Fund by calling AST at the
Fund's dedicated toll free number 800-591-8238.
A portion of each distribution may be treated as paid from
sources other than net investment income, including but not limited
to short-term capital gain, long-term capital gain, or return of
capital. As required by Section 19(a) of the Investment Company Act
of 1940, a notice will be distributed to shareholders in the event
that a portion of a monthly distribution is derived from sources
other than undistributed net investment income. The final
determination of the source and tax characteristics of these
distributions will depend upon the Fund’s investment experience
during its fiscal year and will be made after the Fund’s year end.
The Fund will send to investors a Form 1099-DIV for the calendar
year that will define how to report these distributions for federal
income tax purposes. For further information regarding the Fund’s
distributions, please visit www.destracapital.com.
Destra Multi-Alternative Fund (NYSE: DMA) is a core alternative
solution that seeks to achieve long-term performance non-correlated
to the broad stock and bond markets. It invests primarily in
alternative strategies and asset classes including real estate,
direct private equity, alternative credit, commodities, and hedge
strategies.
Destra Capital Advisors LLC, based in Bozeman, MT, serves as
Investment Adviser and Secondary Market Servicing agent to the
Fund. Validus Growth Investors serves as the Investment Sub-Adviser
to the Fund.
Shares of the Fund can be purchased on the New York Stock
Exchange through any securities broker.
Information regarding the Fund and Destra Capital Advisors can
be found at
www.destracapital.com/strategies/destra-multi-alternative-fund.
Please contact Destra Capital Advisors LLC, the Fund’s
marketing, and investor support services agent, at
DMA@destracapital.com or call (877) 855-3434 if you have any
questions regarding DMA.
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version on businesswire.com: https://www.businesswire.com/news/home/20220909005031/en/
Destra Capital Advisors LLC DMA@destracapital.com (877)
855-3434
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