Increased Distribution Announced by Destra Multi-Alternative Fund

The Destra Multi-Alternative Fund (the "Fund" or "DMA"), a closed-end fund traded on the New York Stock Exchange under the symbol DMA, is pleased to announce that its Board of Trustees have approved a distribution increase for October and November 2025. The new rate has been declared at $0.0925 cents per share in each month:

"Significant strides in portfolio performance, income and gain generation, transparency in holdings and repositioning of assets were the goals that Validex, the Fund's Sub-Adviser, had for 2025," said Robert A. Watson, CFP^®, President of the Fund. "This distribution increase to $0.0925 cents per share for October and November, brings further positive momentum for DMA, building off the great work that Validex is doing with the Fund's portfolio."

"Over the last several years, our proprietary Validex Dynamic Alpha process has been a significant and growing contributor to fund performance," said Mark Scalzo, Portfolio Manager and CIO of Validex Global Investing. "We put Dynamic Alpha at the center of the Fund's portfolio and satellite the remaining exposures to alternative credit, real estate and private equity around it, as diversifiers and further potential sources of non-correlated returns."

The distribution rate of $0.0925 cents per share, which the Board has approved for the next two months, reflects an ~10.80% annualized rate at the NAV as of October 2^nd of $10.28 per share and that corresponds to an ~12.94% annualized rate at the closing MKT price on the same date of $8.58.

The Fund offers a Dividend Reinvestment Plan ("DRP"). Shareholders who hold their shares at a broker dealer and would like to participate in the DRP should contact their broker dealer to set their reinvestment preferences. Shareholders who hold their shares directly with the Fund will have all dividends declared on the shares automatically reinvested in additional shares by the Fund's plan agent, Equiniti Trust Company, LLC ("EQ"), unless the shareholder elects otherwise by contacting EQ. Shareholders who elect not to participate in the DRP will receive all dividends and other distributions in cash, paid by check and mailed directly to the shareholder of record. Shareholders may obtain more information on the shareholder services offered to the Fund by calling EQ at the Fund's dedicated toll free number 800-591-8238.

A portion of each distribution may be treated as paid from sources other than net investment income, including but not limited to short-term capital gain, long-term capital gain, or return of capital. As required by Section 19(a) of the Investment Company Act of 1940 and Rule 19a-1 thereunder, a notice will be distributed to shareholders in the event that a portion of a monthly distribution is derived from sources other than undistributed net investment income. The final determination of the source and tax characteristics of these distributions will depend upon the Fund's investment experience during its fiscal year and will be made after the Fund's fiscal year end. The Fund will send shareholders a Form 1099-DIV for the calendar year that will define how to report these distributions for federal income tax purposes, but shareholders should consult their own tax advisers regarding their specific tax situations and to obtain a complete understanding of the tax consequences. For further information regarding the Fund's distributions, please visit www.destracapital.com.

About Destra Multi-Alternative Fund

Destra Multi-Alternative Fund (NYSE:DMA) is a core alternative solution that seeks to achieve long-term performance non-correlated to the broad stock and bond markets. It invests primarily in alternative strategies and asset classes including proprietary hedge strategies, direct private equity, alternative credit, and real estate.

Shares of the Fund can be purchased on the New York Stock Exchange through any securities broker.

About Destra Capital Advisors

Destra Capital Advisors LLC, based in Bozeman, MT, serves as Investment Adviser and Secondary Market Servicing agent to the Fund. Founded in 2008, Destra Capital was purpose-built to help financial professionals lead clients to better wealth outcomes through alternative investment strategies and innovative technologies & solutions.

Information regarding the Fund and Destra Capital Advisors can be found at www.destracapital.com.

About Validex Global Investing

Validus Growth Investors LLC (dba Validex Global Investing) serves as the Investment Sub-Adviser to the Fund. Validex is an asset management firm specializing in asymmetric risk-reward strategies to capture high-growth opportunities at emerging market inflection points. Built on rigorous research and disciplined risk management, Validex serves wealth advisers, family offices, and institutional investors with tailored solutions such as option-enhanced portfolios, hedging for concentrated equity positions, structured notes, and pre-IPO strategies. Their expertise spans global investment research, public and private markets, diversified portfolio hedging, and liquidity planning.

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Please contact Destra Capital Advisors LLC, the Fund's marketing, and investor support services agent, at [email protected] or call (877) 855-3434 if you have any questions regarding DMA.