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    SEC Form SC 13G filed by Destra Multi-Alternative Fund

    1/26/24 12:23:54 PM ET
    $DMA
    Trusts Except Educational Religious and Charitable
    Finance
    Get the next $DMA alert in real time by email
    SC 13G 1 fp0086955-1_sc13g.htm

    SECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

    Schedule 13G

    Under the Securities Exchange Act of 1934

     

    Destra Multi-Alternative Fund

    (Name of Issuer)

     

    Common Stock

    (Title of Class of Securities)

     

    25065A502

    (CUSIP Number)

     

    12/31/2023

    (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)

     

    CUSIP No.: 25065A502

     

    1. Names of Reporting Persons:

    Bulldog Investors, LLP

     

    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

    Delaware

     

    Number of Shares Beneficially Owned by Each Reporting Person With:

    5. Sole Voting Power

    0

    6. Shared Voting Power

    292,743

    7. Sole Dispositive Power

    0

     

     

     

    8. Shared Dispositive Power

    292,743

     

    9. Aggregate Amount Beneficially Owned by Each Reporting Person

    292,743 (footnote 1)

     

    10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

    N/A

     

    11. Percent of Class Represented by Amount in Row (9)

    3.27%

     

    12. Type of Reporting Person (See Instructions)

    IA

     

    1. Names of Reporting Persons

    Phillip Goldstein

     

    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

    USA

     

    Number of Shares Beneficially Owned by Each Reporting Person With:

    5. Sole Voting Power

    0

    6. Shared Voting Power

    453,840

    7. Sole Dispositive Power

    0

    8. Shared Dispositive Power

    453,840

     

    9. Aggregate Amount Beneficially Owned by Each Reporting Person

    453,840 (footnote 1)

     

    10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

    N/A

     

    11. Percent of Class Represented by Amount in Row (9)

    5.06%

     

     

     

    12. Type of Reporting Person (See Instructions)

    IN

     

    1. Names of Reporting Persons

    Andrew Dakos

     

    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

    USA

     

    Number of Shares Beneficially Owned by Each Reporting Person With:

    5. Sole Voting Power

    0

    6. Shared Voting Power

    453,840

    7. Sole Dispositive Power

    0

    8. Shared Dispositive Power

    453,840

     

    9. Aggregate Amount Beneficially Owned by Each Reporting Person

    453,840 (footnote 1)

     

    10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

    N/A

     

    11. Percent of Class Represented by Amount in Row (9)

    5.06%

     

    12. Type of Reporting Person (See Instructions)

    IN

     

     

     

     

    Item 1(a) The Name of the Issuer is:

    Destra Multi-Alternative Fund

     

    Item 1(b) Address of Issuer's Principal Executive Offices:

    443 N. Wilson Ave.

    Bozeman, MT 59715

     

    Item 2(a) Name of Persons Filing are:

    Bulldog Investors, LLP, Phillip Goldstein and Andrew Dakos

     

    Item 2(b) Address of principal business office:

    250 Pehle Ave. Suite 708

    Saddle Brook, NJ 07663

     

    Item 2(c) Citizenship or Place of Organization:

    Delaware

     

    Item 2(d) Title of Class of Securities:

    Common Stock

     

    Item 2(e) CUSIP Number:

    25065A502

     

    Item 3.

    This statement is filed pursuant to 240.13d-1(b). The person filing is:

    (e) An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

     

    Item 4. Ownership.

    (a) Amount beneficially owned: 453,840

    (b) Percent of class: 5.06%

    (c) Number of shares as to which the person has:

    (i) Sole power to vote or to direct the vote: 0

    (ii) Shared power to vote or to direct the vote: 453,840

    (iii) Sole power to dispose or to direct the disposition of: 0

    (iv) Shared power to dispose or to direct the disposition of: 453,840

     

    Item 5. Ownership of 5 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: ____.

     

    Item 6. Ownership of More than 5 Percent on Behalf of Another Person.

    Clients of Bulldog Investors, LLP, and other accounts for which Messrs. Dakos and 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.

    N/A

     

    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.

     

     

    By: /s/ Phillip Goldstein  
    Name: Phillip Goldstein  
    Date: January 26, 2024  

     

    By: /s/ Andrew Dakos  
    Name: Andrew Dakos  
    Date: January 26, 2024  

     

    Bulldog Investors, LLP  
    By: /s/ Andrew Dakos  
    Andrew Dakos, Partner  

     

    Date: January 26, 2024

     

    Footnote 1: The reporting persons disclaim beneficial ownership except to the extent of any pecuniary interest therein.

     

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