other material
confidence high
sentiment positive
materiality 0.15
Destra Multi-Alternative Fund shareholders approve removal of real estate concentration policy
Destra Multi-Alternative Fund
- 79% of votes cast in favor; 4,285,378 for, 1,118,644 against, 16,622 abstentions.
- Policy revision eliminates requirement to invest >25% of net assets in real estate.
- Change effective immediately after shareholder approval at December 18 special meeting.
- Portfolio manager intends to transition real estate exposure into liquid hedged strategies using Validex Dynamic Alpha process.