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

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

Destra Multi-Alternative Fund Price Performance

Shares of DMA traded up $0.27 during mid-day trading on Tuesday, hitting $9.03. 109,138 shares of the company’s stock traded hands, compared to its average volume of 29,603. The business’s 50-day moving average price is $8.69 and its 200-day moving average price is $8.69. Destra Multi-Alternative Fund has a 1 year low of $7.17 and a 1 year high of $9.12.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Alpine Global Management LLC bought a new stake in shares of Destra Multi-Alternative Fund during the 3rd quarter valued at about $268,000. Weaver Consulting Group raised its stake in Destra Multi-Alternative Fund by 8.3% in the third quarter. Weaver Consulting Group now owns 30,170 shares of the company’s stock worth $261,000 after buying an additional 2,300 shares in the last quarter. North Ground Capital purchased a new stake in Destra Multi-Alternative Fund in the third quarter worth about $510,000. Blue Bell Private Wealth Management LLC lifted its holdings in Destra Multi-Alternative Fund by 33.4% in the third quarter. Blue Bell Private Wealth Management LLC now owns 231,459 shares of the company’s stock worth $2,000,000 after buying an additional 58,006 shares during the period. Finally, Perigon Wealth Management LLC bought a new stake in Destra Multi-Alternative Fund during the 3rd quarter valued at approximately $112,000.

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.