Destra Multi-Alternative Fund Announces Launch of Monthly Distribution Program
Destra Multi-Alternative Fund (DMA) has announced the implementation of a monthly distribution program starting March 2025. The Fund's Board of Trustees approved monthly distributions of $0.0725 per share for March, April, and May 2025, representing an ~8% annualized rate based on the NAV of $10.88 (as of February 24th) and ~10.22% based on the market price of $8.52.
The Fund offers a Dividend Reinvestment Plan (DRP) through Equiniti Trust Company, allowing shareholders to automatically reinvest dividends in additional shares. Shareholders can opt out to receive cash distributions instead. The distributions may come from various sources, including net investment income, short-term capital gain, long-term capital gain, or return of capital.
Destra Multi-Alternative Fund (DMA) ha annunciato l'implementazione di un programma di distribuzione mensile a partire da marzo 2025. Il Consiglio di Amministrazione del Fondo ha approvato distribuzioni mensili di $0,0725 per azione per marzo, aprile e maggio 2025, rappresentando un tasso annualizzato di circa l'8% basato sul NAV di $10,88 (al 24 febbraio) e circa il 10,22% basato sul prezzo di mercato di $8,52.
Il Fondo offre un Piano di Reinserimento dei Dividendi (DRP) attraverso Equiniti Trust Company, consentendo agli azionisti di reinvestire automaticamente i dividendi in ulteriori azioni. Gli azionisti possono scegliere di ricevere distribuzioni in contante invece. Le distribuzioni possono provenire da varie fonti, inclusi il reddito netto da investimenti, guadagni di capitale a breve termine, guadagni di capitale a lungo termine o rimborso di capitale.
Destra Multi-Alternative Fund (DMA) ha anunciado la implementación de un programa de distribución mensual a partir de marzo de 2025. La Junta de Fideicomisarios del Fondo aprobó distribuciones mensuales de $0.0725 por acción para marzo, abril y mayo de 2025, lo que representa una tasa anualizada de aproximadamente el 8% basada en el NAV de $10.88 (a partir del 24 de febrero) y aproximadamente el 10.22% basada en el precio de mercado de $8.52.
El Fondo ofrece un Plan de Reinversión de Dividendos (DRP) a través de Equiniti Trust Company, permitiendo a los accionistas reinvertir automáticamente los dividendos en acciones adicionales. Los accionistas pueden optar por recibir distribuciones en efectivo en su lugar. Las distribuciones pueden provenir de diversas fuentes, incluidos ingresos netos de inversiones, ganancias de capital a corto plazo, ganancias de capital a largo plazo o retorno de capital.
Destra Multi-Alternative Fund (DMA)는 2025년 3월부터 월 배당 프로그램을 시행한다고 발표했습니다. 펀드의 이사회는 2025년 3월, 4월, 5월에 대해 주당 $0.0725의 월 배당을 승인했으며, 이는 2023년 2월 24일 기준 NAV $10.88에 대해 약 8%의 연환산 비율과 시장 가격 $8.52에 대해 약 10.22%를 나타냅니다.
이 펀드는 Equiniti Trust Company를 통해 배당 재투자 계획 (DRP)을 제공하여 주주들이 배당금을 추가 주식으로 자동 재투자할 수 있도록 합니다. 주주들은 현금 배당금을 받을 수 있도록 선택할 수 있습니다. 배당금은 순투자소득, 단기 자본 이익, 장기 자본 이익 또는 자본 환급 등 다양한 출처에서 나올 수 있습니다.
Destra Multi-Alternative Fund (DMA) a annoncé la mise en place d'un programme de distribution mensuelle à partir de mars 2025. Le Conseil d'Administration du Fonds a approuvé des distributions mensuelles de 0,0725 $ par action pour mars, avril et mai 2025, représentant un taux annualisé d'environ 8 % basé sur la NAV de 10,88 $ (au 24 février) et environ 10,22 % basé sur le prix du marché de 8,52 $.
Le Fonds propose un Plan de Réinvestissement des Dividendes (DRP) via Equiniti Trust Company, permettant aux actionnaires de réinvestir automatiquement les dividendes en actions supplémentaires. Les actionnaires peuvent choisir de recevoir des distributions en espèces à la place. Les distributions peuvent provenir de diverses sources, y compris des revenus nets d'investissement, des gains en capital à court terme, des gains en capital à long terme ou un retour de capital.
Destra Multi-Alternative Fund (DMA) hat die Einführung eines monatlichen Verteilungsprogramms ab März 2025 angekündigt. Der Vorstand des Fonds hat monatliche Ausschüttungen von $0,0725 pro Aktie für März, April und Mai 2025 genehmigt, was einer annualisierten Rate von etwa 8% basierend auf dem NAV von $10,88 (Stand 24. Februar) und etwa 10,22% basierend auf dem Marktpreis von $8,52 entspricht.
Der Fonds bietet einen Dividenden-Reinvestitionsplan (DRP) über die Equiniti Trust Company an, der es den Aktionären ermöglicht, Dividenden automatisch in zusätzliche Aktien zu reinvestieren. Aktionäre können sich auch entscheiden, stattdessen Barverteilungen zu erhalten. Die Ausschüttungen können aus verschiedenen Quellen stammen, einschließlich Nettoanlageerträgen, kurzfristigen Kapitalgewinnen, langfristigen Kapitalgewinnen oder Kapitalrückzahlungen.
- Introduction of monthly dividend distribution program
- 8% annualized yield on NAV
- 10.22% annualized yield on market price
- Portfolio shift towards more liquid, dynamic alpha seeking hedging strategies
- Trading below NAV ($8.52 market price vs $10.88 NAV)
- Distributions may include return of capital, not just investment income
|
March |
April |
May |
DMA |
|
|
|
Payment Date |
3/31/2025 |
4/30/2025 |
5/30/2025 |
Record Date |
3/20/2025 |
4/17/2025 |
5/19/2025 |
“The approval of monthly distributions by our Board of Trustees reflects our steady financial improvement and our commitment to delivering on shareholder value,” said Robert A. Watson, CFP®, President of the Fund. “The distribution rate of
“We are pleased by the steady progress we have been able to make, shifting more and more of the Fund’s portfolio into more liquid, dynamic alpha seeking hedging strategies that we have developed over many years here at Validex,” said Mark Scalzo, Portfolio Manager and CIO of Validex Global Investing, the Fund’s Sub-Adviser.
The Fund offers a Dividend Reinvestment Plan (“DRP”). Shareholders who hold their shares at a broker dealer and would like to participate in the DRP should contact their broker dealer to set their reinvestment preferences. Shareholders who hold their shares directly with the Fund will have all dividends declared on the shares automatically reinvested in additional shares by the Fund’s plan agent, Equiniti Trust Company, LLC (“EQ”), unless the shareholder elects otherwise by contacting EQ. Shareholders who elect not to participate in the DRP will receive all dividends and other distributions in cash, paid by check and mailed directly to the shareholder of record. Shareholders may obtain more information on the shareholder services offered to the Fund by calling EQ 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 and Rule 19a-1 thereunder, 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 fiscal year end. The Fund will send shareholders a Form 1099-DIV for the calendar year that will define how to report these distributions for federal income tax purposes, but shareholders should consult their own tax advisers regarding their specific tax situations and to obtain a complete understanding of the tax consequences. For further information regarding the Fund’s distributions, please visit www.destracapital.com.
About Destra Multi-Alternative Fund
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, and hedge strategies.
About Destra Capital Advisors
Destra Capital Advisors LLC, based in
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
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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Destra Capital Advisors LLC
DMA@destracapital.com
(877) 855-3434
Source: Destra Capital Advisors LLC
FAQ
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