Destra Multi-Alternative Fund Declares Year End 2024 Distribution

Rhea-AI Summary

Destra Multi-Alternative Fund (DMA) has announced a year-end distribution of $0.3239 per share for 2024. The distribution's record date is set for December 20, 2024, with payment scheduled for December 31, 2024. The fund will trade ex-distribution on December 19, 2024.

The Fund operates under a Dividend Reinvestment Plan (DRP), automatically reinvesting dividends in additional Common Shares unless shareholders opt out. DMA is a core alternative solution traded on NYSE, focusing on alternative strategies including real estate, direct private equity, alternative credit, commodities, and hedge strategies.

Positive

• Declared dividend distribution of $0.3239 per share

Negative

• None.

Insights

Financial Analyst

The Destra Multi-Alternative Fund's declaration of a $0.3239 per share year-end distribution is a significant development for investors. This diversified fund, focusing on alternative investments including real estate, private equity and hedge strategies, maintains its commitment to providing regular income. The distribution's tax characteristics and source allocation will be finalized after the fiscal year-end, which could impact investors' tax planning. The fund's automatic dividend reinvestment plan (DRP) offers shareholders flexibility in distribution management, though careful attention should be paid to the Section 19(a) notice regarding distribution sources. Given the fund's focus on non-correlated performance to traditional markets, this distribution reflects its ongoing strategy to deliver alternative investment exposure to retail investors.

BOZEMAN, Mont.--(BUSINESS WIRE)-- On December 10, 2024, 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 year end distribution of $0.3239 per share for 2024. The record date for the distribution is December 20, 2024, and the payable date is December 31, 2024. The Fund will trade ex-distribution on December 19, 2024.

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, Equiniti Trust Company, LLC (“EQ”), all dividends declared on the Common Shares will be automatically reinvested in additional Common Shares by EQ. 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 EQ at the Fund's dedicated toll free number 800-591-8238.

A portion of the 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 the distribution is derived from sources other than undistributed net investment income. The final determination of the source and tax characteristics of this distribution 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 this distribution for federal income tax purposes. For further information regarding the Fund’s distribution, 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. Validex Global Investing 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/20241210280790/en/

Destra Capital Advisors LLC

DMA@destracapital.com

(877) 855-3434

Source: Destra Capital Advisors LLC

FAQ

What is the amount of Destra Multi-Alternative Fund's (DMA) 2024 year-end distribution?

Destra Multi-Alternative Fund (DMA) declared a year-end distribution of $0.3239 per share for 2024.

When is the record date and payment date for DMA's 2024 year-end distribution?

The record date is December 20, 2024, and the payment date is December 31, 2024.

How does DMA's Dividend Reinvestment Plan (DRP) work?

Under the DRP, all dividends are automatically reinvested in additional Common Shares unless shareholders specifically opt out by contacting the Fund's plan agent, Equiniti Trust Company.