Destra Multi-Alternative Fund Announces Expected Listing on the NYSE

Destra Multi-Alternative Fund (the “Fund”) announced today that shares of the Fund are expected to begin trading on the New York Stock Exchange (“NYSE”) on or about January 13, 2022 under the proposed NYSE ticker symbol “DMA.”

The Fund, which previously operated as a continuously offered closed-end interval fund, is advised by Destra Capital Advisors LLC (“Destra”) and sub-advised by Validus Growth Investors, LLC (“Validus”). The Fund invests in a diversified portfolio of alternative assets and strategies in pursuit of its objective to seek returns from capital appreciation and income with an emphasis on income generation.

"We are very pleased to provide our existing investors with improved liquidity while continuing to pursue the potential benefits that this unique portfolio of institutional alternative strategies may offer,” said Robert A. Watson, CFP®, President of both Destra and the Fund.

“Given the backdrop of rising rates and tightening monetary policy, a daily liquid vehicle available to investors that provides non-correlated income with risk-managed upside is an important tool in an investors arsenal. We believe this is a fortuitous time to make the Fund available to a wider audience,” said Mark Scalzo, CIO of Validus and the Portfolio Manager of the Fund.

After listing, the Fund’s shares will only be available for purchase in the secondary market at prevailing market prices rather than at net asset value. The listing may also make the Fund’s shares more widely available.

There will be no change in the Fund’s investment objective, principal investment strategies or portfolio management in connection with the listing, and Destra will continue to serve as the investment adviser of the Fund, and Validus will continue to serve as the investment sub-adviser of the Fund.

As of January 10, 2022, American Stock Transfer & Trust Company, LLC ("AST") became the Fund's transfer agent and dividend disbursing agent. Shareholders may obtain more information on the shareholder services offered to the Fund by calling AST at the Fund's dedicated toll free number 800-591-8238.

Shares of closed-end funds may trade at a discount from their net asset value. The market price of Fund shares may vary from net asset value based on factors affecting the supply and demand for shares, such as Fund distribution rates relative to similar investments, investors' expectations for future distribution changes, the clarity of the Fund's investment strategy and future return expectations, and investors' confidence in the underlying markets in which the Fund invests. Fund shares are subject to investment risk, including possible loss of principal invested. No Fund is a complete investment program, and you may lose money investing in a Fund. An investment in a Fund may not be appropriate for all investors.

Destra Multi-Alternative Fund is a core alternative solution that pursues its investment objective by primarily investing in the following income-producing securities: (1) public and private real estate securities, (2) alternative investment funds, (3) master limited partnerships, (4) common and preferred stocks, and (5) structured notes, notes, bonds and asset-backed securities.

Destra Capital Advisors LLC, based in Bozeman, MT, serves as Investment Adviser and Secondary Market Servicing agent to the Fund. Validus Growth Investors serves as the Investment Sub-Adviser to the Fund.

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