Destra Multi-Alternative Fund Declares March 2022 Distribution

Rhea-AI Summary

On March 11, 2022, Destra Multi-Alternative Fund (NYSE: DMA) announced a distribution of $0.0593 per share for March 2022. The record date is March 21, 2022, with payment on March 31, 2022. The shares will trade ex-distribution on March 18, 2022. Dividends will be automatically reinvested unless shareholders opt for cash payments. Portions of the distribution may derive from sources other than net investment income, impacting tax reporting. For more details, visit Destra Capital's website.

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• A portion of the distribution may be derived from sources other than net investment income, which could result in tax implications for shareholders.

BOZEMAN, Mont.--(BUSINESS WIRE)-- On March 11, 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 $0.0593 per share for the month of March 2022. The record date for the distribution is March 21, 2022, and the payable date is March 31, 2022. The Fund will trade ex-distribution on March 18, 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/20220311005043/en/

Media Relations:

Destra Capital

Ken Merritt

info@destracapital.com

877-855-3434

Source: Destra Multi-Alternative Fund

FAQ

What is the March 2022 distribution amount for DMA?

The March 2022 distribution amount for DMA is $0.0593 per share.

When is the record date for DMA's March 2022 distribution?

The record date for DMA's March 2022 distribution is March 21, 2022.

When will DMA's distribution be paid?

DMA's distribution will be paid on March 31, 2022.

What is the ex-distribution date for DMA shares?

The ex-distribution date for DMA shares is March 18, 2022.

What happens to DMA dividends if shareholders do not opt out of the DRP?

If shareholders do not opt out of the Dividend Reinvestment Plan (DRP), their dividends will be automatically reinvested in additional common shares.