Destra Multi-Alternative Fund Launches Buyback, Raises Monthly Distribution to $0.1150
The closed-end fund said it will start a share repurchase program that buys back shares when they trade at a discount to net asset value, and raised its regular monthly distribution to $0.1150 per share for October, November and December 2026. The fund also entered a Measurement Period that could allow its term to be continued for up to three more years if performance criteria are met, with no assurance that will happen.
Key points
- Share repurchases are expected to start after an initial 30-day cooling-off period; Clear Street is the executing broker.
- Monthly distribution increased to $0.1150 per share for October, November and December 2026.
- Current term expires March 31, 2027, unless extended; the board may extend it for up to one year.
- Distributions may be paid partly from sources other than net investment income; final tax character will be known after the fiscal year ends March 31, 2027.
The filing
Written by AI on Nov 9, 2026, 8:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 13, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.