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DMA / DMA: Structure Change Provides Significant Potential Opportunity

Destra Multi-Alternative Fund has switched its structure from a perpetual fund to a term fund, offering the potential for a massive discount to be realized in the future. Saba Capital Management has taken a significant position in DMA, potentially influencing the fund's management and creating an opportunity for shareholders to benefit. The fund's term structure includes the possibility of an extension and tender offer for going perpetual; however, it also has a trigger to extend the term out for 3 years. Read More

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Content Topics

DMA

Structure

Change

Provides

Significant

Potential

Opportunity

Stock

Posted: Oct 22 2023, 01:19

Author Name: Seeking Alpha

DMA News

By Seeking Alpha
October 22, 2023

DMA: Structure Change Provides Significant Potential Opportunity

Destra Multi-Alternative Fund has switched its structure from a perpetual fund to a term fund, offering the potential for a massive discount to be rea

By Seeking Alpha
May 25, 2023

DMA: I'd Run Far Away From This Fund

The DMA fund attempts to offer investors access to institutional alternative assets. However, the returns performance has been very underwhelming, wit

By Seeking Alpha
July 25, 2022

DMA: Is This A Bargain, Or Should You Avoid?

DMA is in a bit of a unique situation as it was previously a private interval fund that converted to a publicly-traded CEF. The fund trades at a huge

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