Welcome to our dedicated page for Destra Multi-Alternative news (Ticker: DMA), a resource for investors and traders seeking the latest updates and insights on Destra Multi-Alternative stock.
Destra Multi-Alternative Fund (NYSE: DMA) is a non-diversified, closed-end management investment company that focuses on alternative strategies and asset classes. Fund news releases describe it as a core alternative solution seeking long-term performance that is non-correlated to broad stock and bond markets, with an emphasis on income generation. The fund’s portfolio is centered on the Validex Dynamic Alpha hedged equity process and is diversified with allocations to direct private equity, real estate, alternative credit, and hedge strategies.
The DMA news stream highlights decisions by the Board of Trustees and the fund’s advisers that shape its structure, policies, and portfolio positioning. Regular announcements cover distribution policies and changes, including the launch of a monthly distribution program and subsequent distribution increases for defined periods. These updates often include commentary from fund leadership and the sub-adviser about portfolio transformation, income and gain generation, and the role of the Validex Dynamic Alpha process in supporting distributions.
Another key theme in DMA’s news is governance and shareholder actions. Press releases and related SEC filings report on annual and special meetings of stockholders, trustee elections, and proxy proposals. One notable example is the shareholder-approved revision of the fund’s fundamental policy regarding industry concentration, which removed the requirement to invest more than 25% of net assets in real estate-related securities. News items explain the rationale for this change and how it affects the fund’s flexibility in pursuing investment opportunities.
Fund communications also cover structural and disclosure changes, such as the shift from a perpetual term to a term that may expire on a specified date subject to conditions, and the move from quarterly to monthly full portfolio holdings disclosure with a shorter lag. Investors following DMA news can expect updates on distributions, policy changes, governance events, and portfolio disclosure practices, along with commentary from Destra Capital Advisors and Validex Global Investing on the fund’s alternative investment approach.
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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.