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    Amendment: SEC Form SC 13G/A filed by Destra Multi-Alternative Fund

    10/2/24 4:00:02 PM ET
    $DMA
    Trusts Except Educational Religious and Charitable
    Finance
    Get the next $DMA alert in real time by email
    SC 13G/A 1 fp0090379-4_sc13ga.htm

    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549

     

    SCHEDULE 13G

     

    Under the Securities Exchange Act of 1934
    (Amendment No. 2)

     

    Destra Multi-Alternative Fund

     

    (Name of Issuer)

     

    Common Stock

     

    (Title of Class of Securities)

     

    25065A502

     

    (CUSIP Number(s))

     

    05/21/2024

     

    (Date of Event which Requires Filing of this Statement)

     

    Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

    X  Rule 13d-1(b)

    [  ]Rule 13d-1(c)

    [  ]Rule 13d-1(d)

     

    *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

     

    The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

     

     

             
    CUSIP No. 25065A502   13G   Page 2 of 5 Pages
             
    1.  

    NAMES OF REPORTING PERSONS
    I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

    Thomas J. Herzfeld Advisors, Inc.

    59-2414380

       
    2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (see instructions)
    (a)   [  ]
    (b)   [  ]
       
    3.   SEC USE ONLY
     
       
    4.   CITIZENSHIP OR PLACE OF ORGANIZATION
     
    A Florida Corporation
       
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH  

    5.

     

    SOLE VOTING POWER
     

    653,833

      6.   SHARED VOTING POWER
     
      7.  

    SOLE DISPOSITIVE POWER 

     

    653,833

      8.  

    SHARED DISPOSITIVE POWER



    9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

    653,833
       
    10.   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
    (see instructions)    [  ]
       
    11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

    7.29%
       
    12.   TYPE OF REPORTING PERSON (see instructions)

    IA
       

     

     

             
    CUSIP No. 25065A502   13G   Page 3 of 5 Pages
             

    Item 1.

     

      (a) Name of Issuer
    Destra Multi-Alternative Fund
         
      (b) Address of Issuer’s Principal Executive Offices
    443 North Wilson Avenue, Bozeman, Montana 59715
         

    Item 2.

     

      (a) Name of Person Filing
    Thomas J. Herzfeld Advisors, Inc.
         
      (b) Address of the Principal Office or, if none, residence
    119 Washington Avenue, Suite 504 Miami Beach, FL 33139
         
      (c) Citizenship
    A Florida Corporation
         
      (d) Title of Class of Securities
    Common Stock
         
      (e) CUSIP Number
    25065A502
         

    Item 3.  If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

     

      (a) [  ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
           
      (b) [  ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
           
      (c) [  ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
           
      (d) [  ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
           
      (e) X An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
           
      (f) [  ] An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
           
      (g) [  ] A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
           
      (h) [  ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
           
      (i) [  ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
           
      (j) [  ] Group, in accordance with §240.13d-1(b)(1)(ii)(J).
           

     

     

             
    CUSIP No. 25065A502   13G   Page 4 of 5 Pages
             

    Item 4.  Ownership.

     

    Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

     

    (a) Amount beneficially owned: 653,833
    (b) Percent of class:  7.29%
    (c) Number of shares as to which the person has:  
      (i) Sole power to vote or to direct the vote 653,833.
      (ii) Shared power to vote or to direct the vote 0.
      (iii) Sole power to dispose or to direct the disposition of 653,833.
      (iv) Shared power to dispose or to direct the disposition of 0.

     

    Instruction. For computations regarding securities which represent a right to acquire an underlying security see §240.13d-3(d)(1).

     

    Item 5.  Ownership of Five Percent or Less of a Class.

     

    If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following     [  ].

     

    Instruction. Dissolution of a group requires a response to this item.

     

    Item 6.  Ownership of More than Five Percent on Behalf of Another Person.

     

    Not applicable.

     

    Item 7.  Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.

     

    Not applicable.

     

    Item 8.  Identification and Classification of Members of the Group.

     

    Not applicable.

     

    Item 9.  Notice of Dissolution of Group.

     

    Not applicable.  

     

     

    CUSIP No. 25065A502   13G   Page 5 of 5 Pages

     

    Item 10.  Certification.

     

          The following certification shall be included if the statement is filed pursuant to §240.13d-1(b):
             
          By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.    

     

    After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

     

      10/2/2024
     

    Date

       
     

    /s/ Erik M. Herzfeld

    Signature 

       
     

    Erik M. Herzfeld, President 

    Name/Title

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