Destra Multi-Alternative Fund Declares Year-End Distribution
The Destra Multi-Alternative Fund has recently announced its year-end distribution for investors as the financial year comes to a close. This announcement is significant for shareholders looking to understand their investment returns and dividend reinvestment options.
Distribution Announcement Details
According to the latest update, the Destra Multi-Alternative Fund, a closed-end fund trading under the symbol DMA, has declared a year-end distribution of $0.3239 per share. The record date for this distribution is set for December 20, and shareholders can expect payments to be made by December 31. The ex-distribution date is also on December 20, allowing investors to gauge when they need to hold their shares to qualify for the upcoming dividends.
Dividend Reinvestment Plan (DRP)
For shareholders interested in reinvesting their dividends, the Fund offers a Dividend Reinvestment Plan (DRP). Investors who do not wish to reinvest their dividends can opt-out, receiving cash payments instead. This flexibility allows shareholders to tailor their investment approach based on individual financial goals. For more information related to the DRP, shareholders can contact Equiniti Trust Company, LLC, the Fund's plan agent, at their dedicated toll-free number.
Understanding Distribution Sources
It is essential for investors to note that part of the distribution may come from sources other than net investment income. This could include short-term capital gains, long-term capital gains, or return of capital. Shareholders will be notified if any portion of their distributions derives from these sources. An annual Form 1099-DIV will be provided to help investors accurately report their distributions for tax purposes.
Investment Strategy of the Fund
The Destra Multi-Alternative Fund aims to achieve long-term performance that is non-correlated with traditional stock and bond markets. The Fund primarily invests in alternative strategies, including real estate, direct private equity, alternative credit, commodities, and various hedge strategies. This focus on diverse asset classes helps mitigate risks while striving for attractive returns.
About Destra Capital Advisors
Destra Capital Advisors LLC serves as the Fund's investment adviser. This organization is dedicated to crafting robust investment solutions that align with market trends and aims to maximize investor returns. Validex Global Investing plays a vital role as the Investment Sub-Adviser, assisting in managing the Fund's portfolio to enhance performance and growth potential.
Acquiring Fund Shares
Prospective investors can purchase shares of the Destra Multi-Alternative Fund on the New York Stock Exchange via any securities broker. This opens the door for new investors to engage with alternative investment strategies through the Fund.
Contact Information for Shareholders
For shareholders seeking further clarity regarding the Fund or their investments, they can reach out to Destra Capital Advisors LLC directly. This ensures that investors receive the needed support and information about the ongoing performance and distribution of the Fund.
Frequently Asked Questions
What is the year-end distribution of the Destra Multi-Alternative Fund?
The Fund declared a year-end distribution of $0.3239 per share for the financial year.
When is the record date for the distribution?
The record date for the distribution is December 20, which is the date shareholders must hold their shares to receive the dividend.
Can dividends be reinvested?
Yes, shareholders can choose to reinvest their dividends through the Dividend Reinvestment Plan offered by the Fund.
What should shareholders expect in their tax reporting?
Shareholders will receive a Form 1099-DIV detailing how distributions should be reported for federal income tax purposes.
Who services the Destra Multi-Alternative Fund?
Destra Capital Advisors LLC serves as the Investment Adviser, with Validex Global Investing as the Investment Sub-Adviser.
