Destra Multi-Alternative Fund adopts limited term, dissolution scheduled for March 31, 2027

Destra Multi-Alternative Fund

Board approved Amended and Restated Declaration of Trust on October 3, 2023, changing fund from perpetual to limited term.
Fund will dissolve at close of business on March 31, 2027, unless extension conditions are met.
Term can be extended for additional three-year periods if specific performance or trading targets are achieved.
If targets are not met, a majority of the Board may approve a single extension of up to twelve months.
Changes effective immediately; detailed terms filed with SEC on October 6, 2023.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Destra Multi-Alternative Fund: Amended and Restated Agreement and Declaration of Trust to revise Article IX, Section 2 to implement an expiring term for the Fund instead of perpetual and include parameters for extension of such term (effective 2023-10-03).

Change: charter amendment
Effective: 2023-10-03

Exact text from the filing

On October 3, 2023, the board of trustees of Destra Multi-Alternative Fund (the “Fund”) approved an Amended and Restated Agreement and Declaration of Trust to revise Article IX, Section 2 to implement an expiring term for the Fund and include parameters for any extension to such expiring term.

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Destra Multi-Alternative Fund filing history →

Source: SEC EDGAR

accession 0001829126-23-006471

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