Destra Multi-Alternative Fund (DMA) to Distribute Monthly Dividend of $0.11 on August 31st

Destra Multi-Alternative Fund (NYSE:DMA) declared a monthly dividend on Wednesday, December 3rd. Shareholders of record on Friday, August 21st will be paid a dividend of 0.1125 per share on Monday, August 31st. This represents a c) annualized dividend and a yield of 17.9%. The ex-dividend date is Friday, August 21st.

Destra Multi-Alternative Fund Price Performance

NYSE:DMA opened at $7.54 on Wednesday. Destra Multi-Alternative Fund has a 52-week low of $6.94 and a 52-week high of $9.15. The stock has a fifty day moving average of $7.59 and a 200 day moving average of $7.85.

Institutional Trading of Destra Multi-Alternative Fund

Several institutional investors and hedge funds have recently modified their holdings of the business. Closed End Fund Advisors Inc. purchased a new stake in Destra Multi-Alternative Fund during the fourth quarter valued at about $1,801,000. Evolve Private Wealth LLC purchased a new position in shares of Destra Multi-Alternative Fund in the 4th quarter worth about $461,000. Altium Capital Management LLC increased its position in shares of Destra Multi-Alternative Fund by 122.8% during the 1st quarter. Altium Capital Management LLC now owns 54,723 shares of the company’s stock valued at $444,000 after purchasing an additional 30,164 shares during the last quarter. Marex Group plc increased its position in shares of Destra Multi-Alternative Fund by 87.3% during the 4th quarter. Marex Group plc now owns 41,616 shares of the company’s stock valued at $373,000 after purchasing an additional 19,393 shares during the last quarter. Finally, North Ground Capital increased its position in shares of Destra Multi-Alternative Fund by 31.0% during the 4th quarter. North Ground Capital now owns 77,310 shares of the company’s stock valued at $693,000 after purchasing an additional 18,304 shares during the last quarter.

About Destra Multi-Alternative Fund

Destra Multi-Alternative Fund Inc (NYSE: DMA) is a closed-end, diversified management investment company that employs a multi-alternative strategy to deliver income and total return. The fund seeks to achieve its objectives by allocating assets among a variety of alternative income-producing investments, including closed-end funds, business development companies (BDCs), real estate investment trusts (REITs), master limited partnerships (MLPs) and preferred securities. This blend of assets is intended to provide a level of diversification and potential for regular distributions.

The fund’s investment approach combines fundamental research with active portfolio management, targeting securities with attractive yield characteristics and growth potential.