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. By spreading its investments across multiple alternative asset classes, DMA aims to balance risk and return through varying market environments. Leverage may be employed within established limits to enhance long-term return potential, subject to the fund’s risk-management protocols.
Although the fund predominantly focuses on U.S.-listed securities, it retains the flexibility to invest in international issuers when opportunities align with its strategy. This geographic flexibility allows DMA to seek out yield wherever it may be most compelling. The fund’s closed-end structure enables investors to gain exposure to a diversified basket of alternative strategies within a single vehicle, potentially benefiting portfolios that emphasize income generation.
Destra Capital Management LLC serves as the fund’s investment advisor, overseeing day-to-day portfolio construction, risk management and compliance under the guidance of an independent board of directors. While specific details about the fund’s leadership team are not broadly disclosed, Destra Capital Management brings experience in managing alternative income strategies. DMA’s structure and strategy may appeal to income-oriented investors seeking diversification beyond traditional bond and equity allocations.
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