Destra Multi-Alternative Fund Declares April 2023 Distribution

Rhea-AI Summary

On April 7, 2023, Destra Multi-Alternative Fund (NYSE: DMA) announced a monthly distribution of $0.0536 per share for April 2023. The record date is April 18, 2023, with a payable date of April 28, 2023. The Fund's last closing price was $6.10, indicating an annualized distribution rate of approximately 10.54%. The Fund engages in alternative investments such as real estate and private equity, aiming for returns non-correlated to traditional markets. Shareholders can reinvest dividends through the Dividend Reinvestment Plan (DRP) or opt for cash distributions. Notably, some distributions may derive from sources beyond net investment income, and the fund will clarify the source upon fiscal year-end. For more details, visit Destra Capital.

Positive

• Monthly distribution of $0.0536 per share indicates ongoing returns for shareholders.
• Annualized distribution rate of approximately 10.54% based on current market price of $6.10.

Negative

• Potential for a portion of distributions to be classified as return of capital, which could impact long-term value.

BOZEMAN, Mont.--(BUSINESS WIRE)-- On April 7, 2023, Destra Multi-Alternative Fund (the “Fund” or “DMA”), a closed-end fund traded on the New York Stock Exchange under the symbol DMA, declared a distribution of $0.0536 per share for the month of April 2023. The record date for the distribution is April 18, 2023, and the payable date is April 28, 2023. The Fund will trade ex-distribution on April 17, 2023.

Based on the Fund’s current share price of $6.10 (as of its close on April 5, 2023), the distribution represents an annualized distribution rate of approximately 10.54% (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

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.

NOT FDIC INSURED NO BANK GUARANTEE MAY LOSE VALUE

View source version on businesswire.com: https://www.businesswire.com/news/home/20230407005023/en/

Destra Capital Advisors LLC

DMA@destracapital.com

(877) 855-3434

Source: Destra Multi-Alternative Fund

FAQ

What is the recent distribution announced by Destra Multi-Alternative Fund (DMA)?

Destra Multi-Alternative Fund declared a distribution of $0.0536 per share for April 2023.

What is the annualized distribution rate for DMA based on its current share price?

The annualized distribution rate for DMA is approximately 10.54% based on a share price of $6.10.

When will the distribution for DMA be payable?

The distribution for DMA will be payable on April 28, 2023.

What is the record date for the April 2023 distribution of DMA?

The record date for the April 2023 distribution of DMA is April 18, 2023.

How can DMA shareholders reinvest their distributions?

DMA shareholders can reinvest their distributions through the Dividend Reinvestment Plan (DRP) or choose to receive cash.