Destra Multi-Alternative Fund Declares June 2022 Distribution

Rhea-AI Summary

On June 7, 2022, Destra Multi-Alternative Fund (NYSE: DMA) announced a distribution of $0.0590 per share for June 2022. The record date is June 17, 2022, with payment on June 30, 2022. Shares will trade ex-distribution on June 16, 2022. Participants in the Fund's Dividend Reinvestment Plan will have dividends reinvested automatically unless opted out. A portion of the distribution may derive from sources other than net investment income, which will be confirmed in a Form 1099-DIV for tax purposes.

Positive

• The Fund declared a monthly distribution of $0.0590 per share, providing income to shareholders.
• The distribution reflects the Fund's activity in alternative strategies, which may appeal to investors seeking diversification.

Negative

• A portion of the distribution may be from sources other than net investment income, possibly affecting investor expectations.

BOZEMAN, Mont.--(BUSINESS WIRE)-- On June 7, 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 $0.0590 per share for the month of June 2022. The record date for the distribution is June 17, 2022, and the payable date is June 30, 2022. The Fund will trade ex-distribution on June 16, 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 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.

NOT FDIC INSURED

NO BANK GUARANTEE

MAY LOSE VALUE

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20220607005227/en/

DMA@destracapital.com

(877) 855-3434

Source: Destra Multi-Alternative Fund

FAQ

What is the distribution amount announced by Destra Multi-Alternative Fund (DMA) on June 7, 2022?

The announced distribution amount is $0.0590 per share for June 2022.

When is the payable date for the June 2022 distribution by DMA?

The payable date is June 30, 2022.

What date will DMA shares trade ex-distribution?

DMA shares will trade ex-distribution on June 16, 2022.

What should shareholders know about the sources of DMA's distribution?

A portion of each distribution may be treated as from sources other than net investment income, including capital gains or return of capital.

How can shareholders reinvest their dividends for DMA?

Shareholders can participate in the Dividend Reinvestment Plan, allowing dividends to be reinvested in additional shares.