Destra Multi-Alternative Fund (DMA) reports voluntary trustee resignation

Rhea-AI Filing Summary

Destra Multi-Alternative Fund reported that independent trustee Paul Kazarian has voluntarily resigned from its Board of Trustees. The company said his resignation is effective February 12, 2026, and formally announced the change on February 19, 2026.

The Board thanked Mr. Kazarian for his service and contributions and indicated it will share any future updates on Board composition when appropriate. DMA is a closed-end fund listed on the New York Stock Exchange that focuses on alternative strategies such as real estate, private equity, alternative credit, and hedge strategies.

Insights

Closed-end fund governance analyst

Routine trustee resignation with no stated governance or strategy shift.

Destra Multi-Alternative Fund disclosed that independent trustee Paul Kazarian voluntarily resigned, effective February 12, 2026. The language emphasizes appreciation for his service and does not reference any disagreement, strategic change, or operational issue tied to his departure.

Because the fund expressly frames this as a voluntary resignation and provides no related business or financial updates, the development appears administrative. Future communications about Board composition may clarify how and when the vacant seat is filled, but this disclosure alone does not signal a change in investment approach.

false 0001523289 0001523289 2026-02-19 2026-02-19 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): February 19, 2026

Destra Multi-Alternative Fund

(Exact name of Registrant as specified in its charter)

Delaware		811-22572		45-3477142
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

443 North Willson Avenue Bozeman, Montana 59715		59715
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (312) 843-6161

None

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

☐ Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Shares		DMA		New York Stock Exchange

Item 8.01. Other Events

On February 19, 2026, Destra Multi-Alternative Fund (the “Company”) announced the voluntary resignation of Paul Kazarian, an independent trustee of the Company.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

EXHIBIT NUMBER
Exhibit 99.1		Press Release, dated February 19, 2026

1

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Destra Multi-Alternative Fund
Date: February 19, 2026	By:	/s/ Robert A. Watson
		Robert A. Watson
		President

2

Exhibit 99.1

Destra Multi-Alternative Fund Announces Board Member Resignation

Bozeman, MT – February 19, 2026 – The Destra Multi-Alternative Fund (the “Fund” or “DMA”), a closed-end fund traded on the New York Stock Exchange under the symbol DMA, announced today that Paul Kazarian has voluntarily stepped down from the Fund’s Board of Trustees, effective February 12, 2026.

The Board of Trustees thanks Mr. Kazarian for his service and contributions during his tenure and wishes him continued success in his future endeavors.

The Fund will announce any updates regarding Board composition as appropriate.

About Destra Multi-Alternative Fund

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, and hedge strategies.

About Destra Capital Advisors

Destra Capital Advisors LLC, based in Bozeman, MT, serves as Investment Adviser and Secondary Market Servicing Agent to the Fund. Validus Growth Investors LLC (dba 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

About Validex Global Investing

Validex Global Investing is an asset management firm specializing in asymmetric risk-reward strategies to capture high-growth opportunities at emerging market inflection points. Built on rigorous research and disciplined risk management, Validex serves wealth advisers, family offices, and institutional investors with tailored solutions such as option-enhanced portfolios, hedging for concentrated equity positions, structured notes, and pre-IPO strategies. Their expertise spans global investment research, public and private markets, diversified portfolio hedging, and liquidity planning.

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.

For more details on the Fund’s distribution policy and the monthly dividends, please visit

www.destracapital.com

FAQ

What did Destra Multi-Alternative Fund (DMA) disclose in this 8-K filing?

The filing reports that independent trustee Paul Kazarian voluntarily resigned from Destra Multi-Alternative Fund’s Board of Trustees. His resignation is described as voluntary, and the Board expressed appreciation for his service and contributions during his tenure with the closed-end fund.

When did Paul Kazarian’s resignation from DMA’s Board become effective?

Paul Kazarian’s resignation from Destra Multi-Alternative Fund’s Board of Trustees became effective on February 12, 2026. The fund later announced this change publicly on February 19, 2026, when it filed the current report and accompanying press release.

Does Destra Multi-Alternative Fund explain why the trustee resigned?

The fund describes Paul Kazarian’s departure as a voluntary resignation from the Board of Trustees. It thanks him for his service and wishes him success, without providing additional reasons or linking the change to any strategic, operational, or financial issues at the fund.

How will Destra Multi-Alternative Fund handle Board changes after this resignation?

The fund states that it will announce any updates regarding Board composition as appropriate. This indicates that information about any successor or broader Board changes will be communicated in future updates, rather than specified within this particular disclosure and press release.

What type of investment strategy does Destra Multi-Alternative Fund (DMA) pursue?

Destra Multi-Alternative Fund seeks long-term performance non-correlated to broad stock and bond markets. It primarily invests in alternative strategies and asset classes, including real estate, direct private equity, alternative credit, and hedge strategies within a closed-end fund structure.

Is Destra Multi-Alternative Fund publicly traded, and under what symbol?

Yes, Destra Multi-Alternative Fund is a closed-end fund traded on the New York Stock Exchange. It lists its common shares under the trading symbol DMA, allowing investors to buy and sell shares through brokerage accounts on the exchange.

Filing Exhibits & Attachments

4 documents

Press Releases

• EX-99.1 EXHIBIT 99.1 6.3 KB

Other Documents

• EX-101 XBRL SCHEMA FILE 3.0 KB
• EX-101 XBRL LABEL FILE 33.4 KB
• EX-101 XBRL PRESENTATION FILE 21.8 KB