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

Destra Multi-Alternative Fund (NYSE:DMA) declared a monthly dividend on Tuesday, December 9th. Stockholders of record on Friday, August 21st will be given a dividend of 0.1125 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 15.0%. The ex-dividend date is Friday, August 21st.

Destra Multi-Alternative Fund Stock Up 3.1%

NYSE DMA traded up $0.27 during trading hours on Tuesday, reaching $9.03. 109,138 shares of the company’s stock were exchanged, compared to its average volume of 29,603. Destra Multi-Alternative Fund has a one year low of $7.17 and a one year high of $9.12. The firm has a fifty day moving average of $8.69 and a 200-day moving average of $8.69.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DMA. K2 Principal Fund L.P. raised its holdings in shares of Destra Multi-Alternative Fund by 37.5% in the first quarter. K2 Principal Fund L.P. now owns 19,702 shares of the company’s stock valued at $167,000 after buying an additional 5,372 shares during the last quarter. Matisse Capital lifted its position in shares of Destra Multi-Alternative Fund by 3.0% during the second quarter. Matisse Capital now owns 407,000 shares of the company’s stock worth $3,561,000 after purchasing an additional 11,693 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Destra Multi-Alternative Fund during the second quarter valued at approximately $25,000. Raymond James Financial Inc. acquired a new stake in shares of Destra Multi-Alternative Fund in the second quarter valued at approximately $50,000. Finally, Osaic Holdings Inc. raised its position in Destra Multi-Alternative Fund by 19.4% in the 2nd quarter. Osaic Holdings Inc. now owns 29,025 shares of the company’s stock worth $254,000 after purchasing an additional 4,716 shares during the last quarter.

Destra Multi-Alternative Fund Company Profile

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.