Welcome to our dedicated page for Destra Multi-Alternative Fund news (Ticker: DMA), a resource for investors and traders seeking the latest updates and insights on Destra Multi-Alternative Fund stock.
Destra Multi-Alternative Fund reports developments for an NYSE-listed closed-end fund focused on alternative strategies and asset classes. DMA seeks long-term performance that is non-correlated to broad stock and bond markets, with investments described across real estate, direct private equity, alternative credit and hedge strategies.
Recurring news includes monthly distribution declarations and distribution-rate changes approved by the Board of Trustees, portfolio-allocation policy updates, shareholder votes and governance changes. Fund releases also identify Destra Capital Advisors LLC as investment adviser and secondary market servicing agent, and Validus Growth Investors LLC (dba Validex Global Investing) as investment sub-adviser, including references to liquid hedged strategies and the Validex Dynamic Alpha process.
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On April 7, 2023, Destra Multi-Alternative Fund (NYSE: DMA) announced a monthly distribution of $0.0536 per share for April 2023. The record date is April 18, 2023, with a payable date of April 28, 2023. The Fund's last closing price was $6.10, indicating an annualized distribution rate of approximately 10.54%. The Fund engages in alternative investments such as real estate and private equity, aiming for returns non-correlated to traditional markets. Shareholders can reinvest dividends through the Dividend Reinvestment Plan (DRP) or opt for cash distributions. Notably, some distributions may derive from sources beyond net investment income, and the fund will clarify the source upon fiscal year-end. For more details, visit Destra Capital.
On March 9, 2023, the Destra Multi-Alternative Fund (NYSE:DMA) declared a monthly distribution of $0.0549 per share for March 2023. The record date for this distribution is set for March 20, 2023, with a payable date of March 31, 2023. With a share price of $6.81 as of March 7, 2023, this distribution equates to an annualized rate of 9.67%. Investors can opt into the Dividend Reinvestment Plan, which automatically reinvests dividends. Portions of distributions may arise from sources outside net investment income, as determined after the Fund's fiscal year.
On February 7, 2023, the Destra Multi-Alternative Fund (NYSE: DMA) announced a monthly distribution of $0.0562 per share for February 2023. The record date is February 17, 2023, with payment on February 28, 2023. Based on a share price of $6.80 as of February 3, 2023, this distribution equates to an annualized rate of approximately 9.92%. Shareholders can reinvest dividends through a Dividend Reinvestment Plan unless they elect to receive cash. The Fund primarily invests in alternative strategies and assets, aiming for long-term performance that is non-correlated to traditional markets.
On January 9, 2023, Destra Multi-Alternative Fund (NYSE: DMA) declared a $0.0549 distribution per share for January 2023. The record date is January 20, 2023, with payments made on January 31, 2023. This distribution reflects an annualized yield of approximately 9.67% based on the share price of $6.81 as of January 5, 2023. The Fund's Dividend Reinvestment Plan allows automatic reinvestment of dividends unless opted out by shareholders. Portions of the distribution may be from sources other than net investment income.
On December 9, 2022, Destra Multi-Alternative Fund (NYSE: DMA) announced a monthly distribution of $0.0554 per share for December 2022. The record date is December 20, 2022, with payments made on December 30, 2022. With a share price of $6.75 as of December 7, 2022, this distribution equates to an annualized rate of approximately 9.84%. The Fund's Dividend Reinvestment Plan allows for automatic reinvestment of dividends unless opted out. Notably, distributions may include returns from sources beyond net investment income.