Saba Capital Management Amends Destra Multi-Alternative Fund Filing
Ticker: DMA · Form: SC 13D/A · Filed: Jul 25, 2024 · CIK: 1523289
| Field | Detail |
|---|---|
| Company | Destra Multi-Alternative Fund (DMA) |
| Form Type | SC 13D/A |
| Filed Date | Jul 25, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $10,890,318 |
| Sentiment | neutral |
Sentiment: neutral
Topics: ownership-change, sec-filing, activist-investor
TL;DR
Saba Capital updated its 13D on Destra Multi-Alternative Fund. Ownership details changed.
AI Summary
Saba Capital Management, L.P. has filed an amendment (No. 7) to its Schedule 13D/A concerning Destra Multi-Alternative Fund, as of July 25, 2024. The filing indicates changes in beneficial ownership, with Saba Capital Management, L.P. listed as the filer. The filing does not specify dollar amounts or exact share changes in this amendment.
Why It Matters
This filing updates ownership information for Destra Multi-Alternative Fund, potentially signaling changes in investment strategy or significant holdings by Saba Capital Management.
Risk Assessment
Risk Level: medium — Schedule 13D/A filings often indicate significant stake-building or changes in control, which can lead to volatility.
Key Players & Entities
- Saba Capital Management, L.P. (company) — Filer of the Schedule 13D/A
- Destra Multi-Alternative Fund (company) — Subject company of the filing
- Michael D'Angelo (person) — Person authorized to receive notices for Saba Capital Management, L.P.
FAQ
What is the specific nature of the changes in beneficial ownership reported in this amendment?
The filing is an amendment (No. 7) to Schedule 13D/A, indicating changes in beneficial ownership, but the specific details of these changes (e.g., number of shares bought or sold) are not explicitly stated in the provided header information.
Who is the primary entity filing this amendment?
Saba Capital Management, L.P. is the entity filing this Schedule 13D/A amendment.
What is the CUSIP number for Destra Multi-Alternative Fund's common shares?
The CUSIP number for Destra Multi-Alternative Fund's Common Shares is 25065A502.
When was this filing made with the SEC?
This filing was made on July 25, 2024.
What is the business address of Saba Capital Management, L.P. as listed in the filing?
The business address for Saba Capital Management, L.P. is 405 Lexington Avenue, 58th Floor, New York, NY 10174.
Filing Stats: 1,329 words · 5 min read · ~4 pages · Grade level 11.9 · Accepted 2024-07-25 13:14:30
Key Financial Figures
- $10,890,318 — ported herein. A total of approximately $10,890,318 was paid to acquire the Common Shares r
Filing Documents
- formsc13da.htm (SC 13D/A) — 47KB
- 0001062993-24-014076.txt ( ) — 48KB
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 25, 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 7/17/24. All transactions were effectuated in the open market through a broker. Trade Date Buy/Sell Shares Price 7/17/2024 Buy 77,666 8.39 7/22/2024 Buy 3,202 8.35 7/23/2024 Buy 4,927 8.35 7/24/2024 Buy 47,515 8.32