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

    10/15/25 4:29:22 PM ET
    $DMA
    Trusts Except Educational Religious and Charitable
    Finance
    Get the next $DMA alert in real time by email



    SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549


    SCHEDULE 13G


    UNDER THE SECURITIES EXCHANGE ACT OF 1934
    (Amendment No. 1)


    Destra Multi Alternative Fund

    (Name of Issuer)


    Common Stock

    (Title of Class of Securities)


    25065A502

    (CUSIP Number)


    09/30/2025

    (Date of Event Which Requires Filing of this Statement)


    Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
    Checkbox checked   Rule 13d-1(b)
    Checkbox not checked   Rule 13d-1(c)
    Checkbox not checked   Rule 13d-1(d)






    SCHEDULE 13G

    CUSIP No.
    25065A502


    1Names of Reporting Persons

    Bulldog Investors, LLP
    2Check the appropriate box if a member of a Group (see instructions)

    Checkbox not checked  (a)
    Checkbox not checked  (b)
    3Sec Use Only
    4Citizenship or Place of Organization

    DELAWARE
    Number of Shares Beneficially Owned by Each Reporting Person With:
    5Sole Voting Power

    0.00
    6Shared Voting Power

    280,192.00
    7Sole Dispositive Power

    0.00
    8Shared Dispositive Power

    280,192.00
    9Aggregate Amount Beneficially Owned by Each Reporting Person

    280,192.00
    10Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

    Checkbox not checked
    11Percent of class represented by amount in row (9)

    3.13 %
    12Type of Reporting Person (See Instructions)

    IA


    SCHEDULE 13G

    CUSIP No.
    25065A502


    1Names of Reporting Persons

    Phillip Goldstein
    2Check the appropriate box if a member of a Group (see instructions)

    Checkbox not checked  (a)
    Checkbox not checked  (b)
    3Sec Use Only
    4Citizenship or Place of Organization

    UNITED STATES
    Number of Shares Beneficially Owned by Each Reporting Person With:
    5Sole Voting Power

    0.00
    6Shared Voting Power

    322,457.00
    7Sole Dispositive Power

    0.00
    8Shared Dispositive Power

    322,457.00
    9Aggregate Amount Beneficially Owned by Each Reporting Person

    322,457.00
    10Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

    Checkbox not checked
    11Percent of class represented by amount in row (9)

    3.6 %
    12Type of Reporting Person (See Instructions)

    IN


    SCHEDULE 13G

    CUSIP No.
    25065A502


    1Names of Reporting Persons

    Andrew Dakos
    2Check the appropriate box if a member of a Group (see instructions)

    Checkbox not checked  (a)
    Checkbox not checked  (b)
    3Sec Use Only
    4Citizenship or Place of Organization

    UNITED STATES
    Number of Shares Beneficially Owned by Each Reporting Person With:
    5Sole Voting Power

    0.00
    6Shared Voting Power

    280,192.00
    7Sole Dispositive Power

    0.00
    8Shared Dispositive Power

    280,192.00
    9Aggregate Amount Beneficially Owned by Each Reporting Person

    280,192.00
    10Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

    Checkbox not checked
    11Percent of class represented by amount in row (9)

    3.13 %
    12Type of Reporting Person (See Instructions)

    IN


    SCHEDULE 13G

    Item 1. 
    (a)Name of issuer:

    Destra Multi Alternative Fund
    (b)Address of issuer's principal executive offices:

    443 N Wilson Ave., Bozeman, MT 59715
    Item 2. 
    (a)Name of person filing:

    Bulldog Investors, LLP Phillip Goldstein Andrew Dakos
    (b)Address or principal business office or, if none, residence:

    Bulldog Investors, LLP: 250 Pehle Ave. Suite 708, Saddle Brook, NJ 07663 Phillip Goldstein: 250 Pehle Ave. Suite 708, Saddle Brook, NJ 07663 Andrew Dakos: 250 Pehle Ave. Suite 708, Saddle Brook, NJ 07663
    (c)Citizenship:

    Bulldog Investors LLP: Delaware Phillip Goldstein: UNITED STATES Andrew Dakos: UNITED STATES
    (d)Title of class of securities:

    Common Stock
    (e)CUSIP No.:

    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)Checkbox not checked   Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
    (b)Checkbox not checked   Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
    (c)Checkbox not checked   Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
    (d)Checkbox not checked   Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
    (e)Checkbox checked   An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
    (f)Checkbox not checked   An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
    (g)Checkbox not checked   A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
    (h)Checkbox not checked   A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
    (i)Checkbox not checked   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)Checkbox not checked   A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
           please specify the type of institution:
    (k)Checkbox not checked   Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
     
    Item 4.Ownership
    (a)Amount beneficially owned:

    Bulldog Investors, LLP: 280,192 shares Phillip Goldstein: 322,457 shares Andrew Dakos: 280,192 shares
    (b)Percent of class:

    Bulldog Investors, LLP: 3.13 Phillip Goldstein: 3.60 Andrew Dakos: 3.13
    (c)Number of shares as to which the person has:
     (i) Sole power to vote or to direct the vote:

    Bulldog Investors, LLP: 0 shares Phillip Goldstein: 0 shares Andrew Dakos: 0

     (ii) Shared power to vote or to direct the vote:

    Bulldog Investors, LLP: 280,192 shares Phillip Goldstein: 322,457shares Andrew Dakos: 280,192 shares

     (iii) Sole power to dispose or to direct the disposition of:

    Bulldog Investors, LLP: 0 shares Phillip Goldstein: 0 shares Andrew Dakos: 0 shares

     (iv) Shared power to dispose or to direct the disposition of:

    Bulldog Investors, LLP: 280,192 shares Phillip Goldstein: 322,457 shares Andrew Dakos:280,192 shares

    Item 5.Ownership of 5 Percent or Less of a Class.
     
    Checkbox checked    Ownership of 5 percent or less of a class
    Item 6.Ownership of more than 5 Percent on Behalf of Another Person.
     
    If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.


    Clients of Bulldog Investors, LLP, and other accounts for which Messrs. Dakos and/or Goldstein are deemed to be the beneficial owners, are entitled to receive dividends and sales proceeds.
    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

    Item 10.Certifications:
     
    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, other than activities solely in connection with a nomination under ?? 240.14a-11.

        SIGNATURE 
     
    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.

     
    Bulldog Investors, LLP
     
    Signature:/s/ Andrew Dakos
    Name/Title:Andrew Dakos, Partner
    Date:10/13/2025
     
    Phillip Goldstein
     
    Signature:/s/ Phillip Goldstein
    Name/Title:Phillip Goldstein
    Date:10/13/2025
     
    Andrew Dakos
     
    Signature:/s/ Andrew Dakos
    Name/Title:Andrew Dakos
    Date:10/13/2025
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