Saba Capital Management Amends Destra Fund Filing
Ticker: DMA · Form: SC 13D/A · Filed: Jul 17, 2024 · CIK: 1523289
| Field | Detail |
|---|---|
| Company | Destra Multi-Alternative Fund (DMA) |
| Form Type | SC 13D/A |
| Filed Date | Jul 17, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $9,775,446 |
| Sentiment | neutral |
Sentiment: neutral
Topics: sec-filing, schedule-13d, amendment
TL;DR
Saba Capital updated its Destra Multi-Alternative Fund filing on 7/17. Watch for changes.
AI Summary
Saba Capital Management, L.P. filed an amendment (No. 6) to its Schedule 13D on July 17, 2024, regarding its holdings in Destra Multi-Alternative Fund. The filing indicates a change in the reporting person's beneficial ownership, though specific new holdings or changes in percentage are not detailed in this excerpt.
Why It Matters
This amendment signals potential shifts in significant shareholder positions, which could influence the Destra Multi-Alternative Fund's strategy or market perception.
Risk Assessment
Risk Level: medium — Amendments to Schedule 13D filings often indicate changes in activist investor positions, which can lead to increased volatility.
Key Players & Entities
- Saba Capital Management, L.P. (company) — Reporting person filing amendment
- Destra Multi-Alternative Fund (company) — Subject company
- Michael D'Angelo (person) — Contact person for Saba Capital Management
- 212-542-4635 (phone_number) — Contact phone number for Saba Capital Management
FAQ
What specific changes are detailed in Amendment No. 6 to the Schedule 13D filing?
The provided excerpt states that it is an amendment (No. 6) to the Schedule 13D filed by Saba Capital Management, L.P. regarding Destra Multi-Alternative Fund, indicating a change in the reporting person's beneficial ownership, but does not specify the exact nature or extent of the changes.
When was this amendment filed with the SEC?
This amendment was filed on July 17, 2024.
Who is the reporting person making this filing?
The reporting person is Saba Capital Management, L.P.
What is the subject company of this filing?
The subject company is Destra Multi-Alternative Fund.
What is the CUSIP number for the securities in question?
The CUSIP number for the Common Shares of Destra Multi-Alternative Fund is 25065A502.
Filing Stats: 1,320 words · 5 min read · ~4 pages · Grade level 12.2 · Accepted 2024-07-17 09:05:23
Key Financial Figures
- $9,775,446 — ported herein. A total of approximately $9,775,446 was paid to acquire the Common Shares r
Filing Documents
- formsc13da.htm (SC 13D/A) — 49KB
- 0001062993-24-013860.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: July 17, 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 since the filing of the Schedule 13D/A on 7/12/24. All transactions were effectuated in the open market through a broker. Trade Date Buy/Sell Shares Price 7/12/2024 Buy 60,280 8.41 7/15/2024 Buy 59,168 8.36 7/16/2024 Buy 9,079 8.40