Destra Multi-Alternative Fund (DMA) to Distribute Monthly Dividend of $0.11 on September 30th

Destra Multi-Alternative Fund (NYSE:DMA) announced a monthly dividend on Wednesday, December 3rd. Stockholders of record on Friday, September 18th will be paid a dividend of 0.1125 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 18.3%. The ex-dividend date is Friday, September 18th.

Destra Multi-Alternative Fund Trading Down 3.4%

Shares of NYSE:DMA opened at $7.40 on Wednesday. Destra Multi-Alternative Fund has a 12 month low of $6.94 and a 12 month high of $9.15. The firm’s 50-day moving average is $7.64 and its 200 day moving average is $7.70.

Institutional Investors Weigh In On Destra Multi-Alternative Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Absolute Investment Advisers LLC grew its position in Destra Multi-Alternative Fund by 5.0% in the 1st quarter. Absolute Investment Advisers LLC now owns 273,696 shares of the company’s stock valued at $2,220,000 after acquiring an additional 13,117 shares during the last quarter. Blue Bell Private Wealth Management LLC boosted its stake in shares of Destra Multi-Alternative Fund by 3.1% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 238,649 shares of the company’s stock valued at $2,141,000 after purchasing an additional 7,190 shares during the period. Closed End Fund Advisors Inc. bought a new position in shares of Destra Multi-Alternative Fund in the fourth quarter worth about $1,801,000. Altium Capital Management LLC grew its holdings in shares of Destra Multi-Alternative Fund by 122.8% in the first quarter. Altium Capital Management LLC now owns 54,723 shares of the company’s stock worth $444,000 after purchasing an additional 30,164 shares during the last quarter. Finally, Alpine Global Management LLC increased its stake in Destra Multi-Alternative Fund by 19.4% in the 4th quarter. Alpine Global Management LLC now owns 37,074 shares of the company’s stock worth $333,000 after buying an additional 6,018 shares during the period.

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.