Destra Multi-Alternative SEC Filings

Destra Multi-Alternative Fund is calling an Annual Meeting of Stockholders on December 18, 2025 at 9:00 a.m. Mountain Time in Denver, Colorado. Stockholders of record as of November 14, 2025 are being asked to elect two Class I Trustees, John S. Emrich and Michael S. Erickson, to terms running to the 2028 annual meeting, and the Board unanimously recommends voting FOR both nominees.

The Fund’s Board is divided into three staggered classes and is composed entirely of Independent Trustees, supported by Audit, Nominating and Governance, and Qualified Legal Compliance Committees. The Audit Committee oversaw the March 31, 2025 financial statements and reported audit fees of $145,000 and tax fees of $8,500 for Cohen & Company, Ltd. As of September 30, 2025, Saba Capital Management, L.P. beneficially owned 2,235,144 shares, or 24.94% of the Fund’s 8,963,239 outstanding common shares.

Destra Multi-Alternative Fund called a Special Meeting to seek stockholder approval to revise its fundamental concentration policy so the Fund would no longer be required to invest over 25% of net assets in real estate. The Board of Trustees unanimously recommends voting FOR the proposal.

The meeting is set for December 18, 2025 at 9:00 a.m. MT at PINE Advisor Solutions in Denver. Stockholders of record on November 10, 2025 may vote. Approval requires a “majority of the outstanding voting securities” as defined by the 1940 Act. The Fund had 8,963,239 shares outstanding as of November 10, 2025.

The Board cited greater flexibility to pursue attractive opportunities as the rationale. Proxy solicitation is being handled by EQ Fund Solutions with estimated fees of $15,725. Exhibit A lists significant holders, including Saba Capital Management at 24.94% beneficial ownership.

Destra Multi-Alternative Fund (DMA) reported insider purchases by its President, Robert A. Watson, on 10/31/2025. The Form 4 lists three open‑market buys: 176 shares at $8.61 (direct), 56 shares at $8.61 (indirect by spouse), and 606 shares at $8.62 (indirect by 401(k) plan).

Following these transactions, beneficial ownership amounts shown were 15,335.939 shares direct, 15,391.939 shares indirect by spouse, and 15,997.939 shares indirect via the 401(k) plan. The filing indicates the reporter is an Officer (President) and is filed for one reporting person.

Absolute Investment Advisers, LLC filed Amendment No. 2 to Schedule 13G reporting its beneficial ownership in Destra Multi-Alternative Fund common stock. The firm disclosed beneficial ownership of 286,632 shares, representing 3.2% of the class as of 09/30/2025.

The filer reported sole voting power and sole dispositive power over 286,632 shares, with no shared voting or dispositive power. The filing notes ownership of 5 percent or less of the class. The reporting person is classified as an investment adviser (IA).

Destra Multi Alternative Fund (DMA): Schedule 13G/A filed by Bulldog Investors, LLP, Phillip Goldstein, and Andrew Dakos reporting beneficial ownership as of September 30, 2025.

Bulldog Investors, LLP reports 280,192 shares with 3.13% of the class, with shared voting and dispositive power and no sole power. Phillip Goldstein reports 322,457 shares representing 3.6%, with shared voting and dispositive power and no sole power. Andrew Dakos reports 280,192 shares at 3.13%, also with shared voting and dispositive power and no sole power.

The filing states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control. Clients of Bulldog Investors and other accounts for which Messrs. Dakos and/or Goldstein are deemed beneficial owners are entitled to receive dividends and sales proceeds.

Insiders purchased shares of Destra Multi-Alternative Fund (DMA). Saba Capital Management, L.P. reported acquiring 68,449 shares on 09/09/2025 at $8.60 per share. After the transaction, the reporting parties beneficially owned 2,235,144 shares indirectly. The Form 4 lists Saba Capital and Boaz Weinstein as reporting persons and identifies them as directors and 10% owners.

Schedule 13D/A Amendment No. 12 discloses that Saba Capital Management, L.P., Saba Capital Management GP, LLC and Boaz R. Weinstein (together, the Reporting Persons) beneficially own 2,235,144 common shares of Destra Multi-Alternative Fund (ticker DMA), representing 24.94% of the 8,963,239 shares outstanding as of March 31, 2025. The Reporting Persons report shared voting and dispositive power over these shares and state approximately $15,109,969 was paid to acquire the reported position, funded from investor subscription proceeds, capital appreciation and margin borrowings. No new purpose for the holdings is reported and no contracts or arrangements concerning the securities are disclosed. Recent open-market transactions from the prior 8/18/25 filing through 9/9/25 are referenced and incorporated by Schedule A.

Destra Multi-Alternative Fund (DMA) Form 4 shows Saba Capital Management, L.P. and individual Boaz Weinstein reported an insider purchase on 09/08/2025. The filing records an acquisition of 500 shares of Destra common stock at $8.58 per share, increasing reported indirect holdings to 2,166,695 shares. The reporting entities are identified as a director and a 10% owner of the issuer. The form is signed 09/09/2025.

Destra Multi-Alternative Fund (DMA) insiders reported an insider purchase on 09/05/2025. Saba Capital Management, L.P. and Boaz Weinstein disclosed acquisition of 27,923 shares of DMA common stock at $8.57 per share under transaction code P (purchase). After the reported transaction, the filing shows 2,166,195 shares beneficially owned indirectly by the reporting person(s).