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An update from Destra Multi-Alternative Fund ( (DMA) ) is now available.
On December 18, 2025, shareholders of Destra Multi-Alternative Fund approved a revision to the fund’s fundamental industry concentration policy, eliminating a requirement that more than 25% of net assets be invested in real estate-related securities; the proposal, unanimously backed by the board, passed with about 79% of votes cast in favor, exceeding the majority threshold required under the Investment Company Act of 1940. The change immediately frees the fund from maintaining a real estate concentration under normal circumstances, giving management broader latitude to reallocate capital across asset classes; portfolio manager Mark Scalzo indicated that, reflecting a cautious view on current real estate opportunities, the fund plans to shift a meaningful portion of its real estate exposure into liquid hedged strategies using the Validex Dynamic Alpha process, potentially altering the fund’s risk profile and opportunity set for shareholders.
More about Destra Multi-Alternative Fund
Destra Multi-Alternative Fund (NYSE: DMA) is a closed-end core alternative investment vehicle that aims to deliver long-term performance with low correlation to broad stock and bond markets. The fund invests primarily in alternative strategies and asset classes centered on the Validex Dynamic Alpha hedged equity process, and further diversifies through allocations to direct private equity and alternative income segments such as real estate and alternative credit; it is advised by Destra Capital Advisors LLC, with Validex Global Investing serving as sub-adviser.
Average Trading Volume: 27,280
Technical Sentiment Signal: Buy
For detailed information about DMA stock, go to TipRanks’ Stock Analysis page.