DMA: Goldstein 3.6% stake; Bulldog Investors at 3.13%

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.

Rhea-AI Filing Summary

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What ownership did Bulldog Investors report in DMA?

Bulldog Investors, LLP reported 280,192 shares, representing 3.13% of DMA, with shared voting and dispositive power and no sole power.

How much of DMA does Phillip Goldstein report owning?

Phillip Goldstein reported 322,457 shares, or 3.6% of the class, with shared voting and dispositive power and no sole power.

What is Andrew Dakos’s reported stake in DMA?

Andrew Dakos reported 280,192 shares, equal to 3.13% of the class, with shared voting and dispositive power and no sole power.

What is the event date for this Schedule 13G/A?

The date of the event requiring the filing is September 30, 2025.

Is this a passive ownership filing for DMA (Schedule 13G/A)?

Yes. The certification states holdings are in the ordinary course of business and not for changing or influencing control.

Who is entitled to DMA dividends and sale proceeds related to these holdings?

Clients of Bulldog Investors, LLP and other accounts for which Phillip Goldstein and/or Andrew Dakos are deemed beneficial owners.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 10/15/2025 - 04:29 PM EDT Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Destra Multi Alternative Fund

(Name of Issuer)

Common Stock

(Title of Class of Securities)

25065A502

(CUSIP Number)

09/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 25065A502

1

Names of Reporting Persons

Bulldog Investors, LLP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 280,192.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 280,192.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

280,192.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

3.13 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP No. 25065A502

1

Names of Reporting Persons

Phillip Goldstein

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 322,457.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 322,457.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

322,457.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

3.6 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

CUSIP No. 25065A502

1

Names of Reporting Persons

Andrew Dakos

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 280,192.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 280,192.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

280,192.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

3.13 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Destra Multi Alternative Fund
(b)	Address of issuer's principal executive offices: 443 N Wilson Ave., Bozeman, MT 59715
Item 2.
(a)	Name of person filing: Bulldog Investors, LLP Phillip Goldstein Andrew Dakos
(b)	Address or principal business office or, if none, residence: Bulldog Investors, LLP: 250 Pehle Ave. Suite 708, Saddle Brook, NJ 07663 Phillip Goldstein: 250 Pehle Ave. Suite 708, Saddle Brook, NJ 07663 Andrew Dakos: 250 Pehle Ave. Suite 708, Saddle Brook, NJ 07663
(c)	Citizenship: Bulldog Investors LLP: Delaware Phillip Goldstein: UNITED STATES Andrew Dakos: UNITED STATES
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 25065A502
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: Bulldog Investors, LLP: 280,192 shares Phillip Goldstein: 322,457 shares Andrew Dakos: 280,192 shares
(b)	Percent of class: Bulldog Investors, LLP: 3.13 Phillip Goldstein: 3.60 Andrew Dakos: 3.13
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Bulldog Investors, LLP: 0 shares Phillip Goldstein: 0 shares Andrew Dakos: 0
	(ii) Shared power to vote or to direct the vote: Bulldog Investors, LLP: 280,192 shares Phillip Goldstein: 322,457shares Andrew Dakos: 280,192 shares
	(iii) Sole power to dispose or to direct the disposition of: Bulldog Investors, LLP: 0 shares Phillip Goldstein: 0 shares Andrew Dakos: 0 shares
	(iv) Shared power to dispose or to direct the disposition of: Bulldog Investors, LLP: 280,192 shares Phillip Goldstein: 322,457 shares Andrew Dakos:280,192 shares
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Clients of Bulldog Investors, LLP, and other accounts for which Messrs. Dakos and/or Goldstein are deemed to be the beneficial owners, are entitled to receive dividends and sales proceeds.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Bulldog Investors, LLP

Signature:	/s/ Andrew Dakos
Name/Title:	Andrew Dakos, Partner
Date:	10/13/2025

Phillip Goldstein

Signature:	/s/ Phillip Goldstein
Name/Title:	Phillip Goldstein
Date:	10/13/2025

Andrew Dakos

Signature:	/s/ Andrew Dakos
Name/Title:	Andrew Dakos
Date:	10/13/2025