Saba Capital Management Files 13D/A Amendment for Destra Multi-Alternative Fund
Ticker: DMA · Form: SC 13D/A · Filed: Jun 26, 2024 · CIK: 1523289
| Field | Detail |
|---|---|
| Company | Destra Multi-Alternative Fund (DMA) |
| Form Type | SC 13D/A |
| Filed Date | Jun 26, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $6,938,058 |
| Sentiment | neutral |
Sentiment: neutral
Topics: activist-filing, amendment, schedule-13d
TL;DR
Saba Capital updated its 13D filing for Destra Multi-Alternative Fund - watch for changes.
AI Summary
Saba Capital Management, L.P. filed an amendment (No. 4) to its Schedule 13D on June 26, 2024, regarding its holdings in Destra Multi-Alternative Fund. The filing indicates a change in the reporting person's filing status or ownership, but specific details on the exact nature of the change or the new ownership percentage are not provided in this excerpt.
Why It Matters
This amendment signals a potential shift in Saba Capital's stake or strategy concerning Destra Multi-Alternative Fund, which could influence the fund's future performance and investor sentiment.
Risk Assessment
Risk Level: medium — Amendments to Schedule 13D filings often indicate significant changes in a major shareholder's position or intentions, which can lead to increased volatility.
Key Players & Entities
- Saba Capital Management, L.P. (company) — Reporting Person
- Destra Multi-Alternative Fund (company) — Subject Company
- Michael D'Angelo (person) — Person Authorized to Receive Notices
FAQ
What is the specific change being reported in Amendment No. 4 to the Schedule 13D?
The filing excerpt does not specify the exact nature of the change, only that it is an amendment to the Schedule 13D filed by Saba Capital Management, L.P. regarding Destra Multi-Alternative Fund.
Who is the reporting person for this filing?
Saba Capital Management, L.P. is the reporting person.
What is the subject company of this filing?
The subject company is Destra Multi-Alternative Fund.
When was this amendment filed?
This amendment was filed on June 26, 2024.
What is the CUSIP number for Destra Multi-Alternative Fund's common shares?
The CUSIP number is 25065A502.
Filing Stats: 1,300 words · 5 min read · ~4 pages · Grade level 12.4 · Accepted 2024-06-26 07:13:57
Key Financial Figures
- $6,938,058 — ported herein. A total of approximately $6,938,058 was paid to acquire the Common Shares r
Filing Documents
- formsc13da.htm (SC 13D/A) — 49KB
- 0001062993-24-013053.txt ( ) — 50KB
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Date: June 26, 2024 SABA CAPITAL MANAGEMENT, L.P. By: /s/ Michael D'Angelo Name: Michael D'Angelo Title: Chief Compliance Officer SABA CAPITAL MANAGEMENT GP, LLC By: /s/ Michael D'Angelo Name: Michael D'Angelo Title: Authorized Signatory BOAZ R. WEINSTEIN By: /s/ Michael D'Angelo Name: Michael D'Angelo Title: Attorney-in-fact* * Pursuant to a power of attorney dated as of November 16, 2015, which is incorporated herein by reference to Exhibit 2 to the Schedule 13G filed by the Reporting Persons on December 28, 2015, accession number: 0001062993-15-006823 CUSIP No. 25065A502 SCHEDULE 13D/A Page 7 of 7 Pages Schedule A This Schedule sets forth information with respect to each purchase and sale of Common Shares which were effectuated by Saba Capital during the past sixty days. All transactions were effectuated in the open market through a broker. Trade Date Buy/Sell Shares Price 6/24/2024 Buy 9,881 7.54 6/25/2024 Buy 40,737 7.74