Destra Multi-Alternative Fund (NYSE:DMA) to Issue Monthly Dividend of $0.11

Destra Multi-Alternative Fund (NYSE:DMA) announced a monthly dividend on Tuesday, December 9th. Stockholders of record on Monday, April 20th will be paid a dividend of 0.1125 per share on Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 15.0%. The ex-dividend date is Monday, April 20th.

Destra Multi-Alternative Fund Price Performance

DMA stock traded up $0.27 during trading on Tuesday, hitting $9.03. 109,138 shares of the company’s stock were exchanged, compared to its average volume of 29,603. The business has a 50-day moving average price of $8.69 and a two-hundred day moving average price of $8.69. Destra Multi-Alternative Fund has a 52-week low of $7.17 and a 52-week high of $9.12.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Weaver Consulting Group raised its stake in Destra Multi-Alternative Fund by 8.3% during the 3rd quarter. Weaver Consulting Group now owns 30,170 shares of the company’s stock worth $261,000 after acquiring an additional 2,300 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in shares of Destra Multi-Alternative Fund during the second quarter worth about $25,000. Osaic Holdings Inc. increased its position in shares of Destra Multi-Alternative Fund by 19.4% during the second quarter. Osaic Holdings Inc. now owns 29,025 shares of the company’s stock worth $254,000 after purchasing an additional 4,716 shares in the last quarter. K2 Principal Fund L.P. increased its position in shares of Destra Multi-Alternative Fund by 37.5% during the first quarter. K2 Principal Fund L.P. now owns 19,702 shares of the company’s stock worth $167,000 after purchasing an additional 5,372 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Destra Multi-Alternative Fund in the 2nd quarter valued at about $50,000.

About Destra Multi-Alternative Fund

Multi-Strategy Growth & Income Fund is a closed ended balanced mutual fund launched and managed by Pinhook Capital, LLC. It invests in public equity and fixed income markets of the United States. For its equity portion, the fund primarily invests directly, in other funds, and through derivatives such as options to invest in stocks of companies operating in the real estate sector, including real estate investment trusts.