Destra Multi-Alternative Fund Declares January 2022 Distribution

Rhea-AI Summary

Destra Multi-Alternative Fund (DMA) declared a distribution of $0.0604 per share for January 2022. The record date for this distribution is January 25, 2022, with a payable date of February 3, 2022. Shares will trade ex-distribution on January 24, 2022. The Fund operates a Dividend Reinvestment Plan, allowing shareholders to reinvest dividends unless opted out. A portion of distributions may derive from sources other than net investment income, with detailed tax reporting to follow. DMA aims for long-term performance across alternative asset classes.

Positive

• Declared a monthly distribution of $0.0604 per share, which may attract income-focused investors.
• Offers a Dividend Reinvestment Plan, facilitating the reinvestment of dividends for shareholders.

Negative

• A potential portion of each distribution may be sourced from capital gains or return of capital, which could be less favorable to some investors.

BOZEMAN, Mont.--(BUSINESS WIRE)-- On January 14, 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 $0.0604 per share for the month of January 2022. The record date for the distribution is January 25, 2022, and the special payable date is February 3, 2022. The Fund will trade ex-distribution on January 24, 2022.

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 http://www.destracapital.com/strategies/closed-end-funds/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.

NOT FDIC INSURED

NO BANK GUARANTEE

MAY LOSE VALUE

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20220114005031/en/

Ken Merritt

4694767301

ken.merritt@destracapital.com

Source: Destra Capital Advisors LLC

FAQ

What is the distribution amount for Destra Multi-Alternative Fund (DMA) in January 2022?

The distribution amount for January 2022 is $0.0604 per share.

What are the important dates for the January 2022 distribution of DMA?

The record date is January 25, 2022, and the payable date is February 3, 2022.

When does DMA trade ex-distribution?

DMA will trade ex-distribution on January 24, 2022.

How does the Dividend Reinvestment Plan work for DMA shareholders?

Under the DRP, dividends are automatically reinvested in additional shares unless the shareholder opts out.

What portion of DMA's distributions may not come from net investment income?

Distributions may include short-term capital gain, long-term capital gain, or return of capital.