DMA
Destra Multi-Alternative Fund
About: Destra Multi-Alternative Fund is a non-diversified, closed-end management investment company that operates as an interval fund with a continuous offering of fund shares. The investment objective of the fund is to seek returns from capital appreciation and income with an emphasis on income generation.
0
Funds holding %
of 6,823 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
0% more funds holding in top 10
Funds holding in top 10: 2 [Q2] → 2 (+0) [Q3]
4% less capital invested
Capital invested by funds: $35.5M [Q2] → $33.9M (-$1.56M) [Q3]
5.51% less ownership
Funds ownership: 49.17% [Q2] → 43.66% (-5.51%) [Q3]
20% less funds holding
Funds holding: 20 [Q2] → 16 (-4) [Q3]
50% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 8
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 4
Research analyst outlook
We haven’t received any recent analyst ratings for DMA.
Financial journalist opinion
Neutral
Seeking Alpha
1 week ago
Closed-End Funds: Screening For Potential Opportunites To Kick Off Q1 2025
The closed-end fund space saw a significant narrowing of discounts throughout 2024 as equity markets charged higher and now discounts remain tight heading into 2025. In particular, equity CEFs have seen significantly narrowed discounts along with taxable fixed-income, though municipal bond funds look relatively attractive after widening discounts in December. We are screening for funds with the deepest discounts and widest z-scores to find potential buys and funds that may be getting a bit pricey as sell candidates.
Neutral
Business Wire
1 month ago
CORRECTING and REPLACING Destra Multi-Alternative Fund Declares Year End 2024 Distribution
BOZEMAN, Mont.--(BUSINESS WIRE)--First paragraph, third sentence of release dated December 10, 2024, the ex-distribution date should be December 20, 2024 (instead of December 19, 2024). The updated release reads: DESTRA MULTI-ALTERNATIVE FUND DECLARES YEAR END 2024 DISTRIBUTION On December 10, 2024, Destra Multi-Alternative Fund (the “Fund” or “DMA”), a closed-end fund traded on the New York Stock Exchange under the symbol DMA, declared a year end distribution of $0.3239 per share for 2024. The.
Neutral
Business Wire
1 month ago
Destra Multi-Alternative Fund Declares Year End 2024 Distribution
BOZEMAN, Mont.--(BUSINESS WIRE)--On December 10, 2024, Destra Multi-Alternative Fund (the “Fund” or “DMA”), a closed-end fund traded on the New York Stock Exchange under the symbol DMA, declared a year end distribution of $0.3239 per share for 2024. The record date for the distribution is December 20, 2024, and the payable date is December 31, 2024. The Fund will trade ex-distribution on December 19, 2024. Pursuant to the Fund's Dividend Reinvestment Plan (“DRP”), unless the registered owner of.
Positive
Seeking Alpha
6 months ago
DMA: Liquidity Could Be A Problem For This Value-Priced Unique CEF
Destra Multi-Alternative Fund offers a unique strategy with investments in private securities, providing potential for high-yield and total return. The DMA closed-end fund's yield is currently uncertain due to lack of recent distributions, but its peer funds have yields between 7% and 9% right now, so this one could be around that. The fund employs reasonable leverage at 14.71% of the overall portfolio, trading discounted at 26.89% on net asset value with potential for capital gains.
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