SCHEDULE: Bulldog Investors Discloses 3.6% Stake in Destra Fund

Bulldog Investors, LLP, Phillip Goldstein, and Andrew Dakos have filed an amended Schedule 13G, reporting beneficial ownership in Destra Multi Alternative Fund.

Summary

• Bulldog Investors, LLP beneficially owns 280,192 shares of Destra Multi Alternative Fund's Common Stock, representing 3.13% of the class.
• Phillip Goldstein beneficially owns 322,457 shares of Destra Multi Alternative Fund's Common Stock, representing 3.6% of the class.
• Andrew Dakos beneficially owns 280,192 shares of Destra Multi Alternative Fund's Common Stock, representing 3.13% of the class.
• All reporting persons hold shared voting and shared dispositive power over their respective beneficially owned shares.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: The filing is a routine beneficial ownership disclosure (Schedule 13G) indicating passive investment. It contains no operational or financial performance data, nor does it suggest any activist intent or significant strategic shifts, leading to a neutral sentiment.

Positives

• The filing certifies that the securities were acquired and are held in the ordinary course of business, indicating a passive investment approach.
• The reporting persons explicitly state that the acquisition was not for the purpose of changing or influencing the control of the issuer, suggesting stability for current management and strategy.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the issuer's future performance or outlook.

Management Comments

• "To the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."

Industry Context

This is a routine Schedule 13G filing, a standard disclosure for institutional investors and individuals who acquire beneficial ownership of less than 5% of a company's voting equity, indicating a passive investment intent. Such filings are common and provide transparency regarding significant ownership stakes in publicly traded funds.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant, albeit passive, ownership stakes by Bulldog Investors, LLP, Phillip Goldstein, and Andrew Dakos, which may offer a degree of confidence in the fund's holdings.

Key Dates

Keywords

Destra Multi Alternative Fund, Bulldog Investors, Phillip Goldstein, Andrew Dakos, Schedule 13G, beneficial ownership, common stock, investment adviser