Destra Multi-Alternative Fund authorizes below-NAV buyback, raises monthly distribution
The NYSE-listed former interval fund may repurchase shares below net asset value, using Clear Street as executing broker after a 30-day cooling-off period.
At a glance
Destra Multi-Alternative Fund, an NYSE-listed former interval fund, has authorized a share repurchase program that allows repurchases at a discount to net asset value, with Clear Street as executing broker, our tracking shows.
The program includes a 30-day cooling-off period, and the fund also raised its monthly distribution.
The buyback is an authorization, not evidence of completed purchases; the available data does not detail the number of shares the fund may repurchase, the discount range, or when repurchases could begin.
Destra Multi-Alternative Fund, an NYSE-listed former interval fund, has authorized a share repurchase program that allows repurchases at a discount to net asset value, with Clear Street as executing broker, our tracking shows.
The program includes a 30-day cooling-off period, and the fund also raised its monthly distribution.
The buyback is an authorization, not evidence of completed purchases; the available data does not detail the number of shares the fund may repurchase, the discount range, or when repurchases could begin.
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