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Saba Capital Management, L.P., a ten percent owner of Destra Multi-Alternative Fund (NYSE:DMA), reported purchasing 41,802 shares of common stock on August 14, 2025. The shares were bought at a price of $8.66, totaling approximately $362,005. The fund, which offers an attractive 11.5% dividend yield, has delivered a solid 15.5% return over the past year and is currently trading at $8.63.
Following the transaction, Saba Capital Management, L.P. now directly owns 2,138,272 shares of Destra Multi-Alternative Fund. The purchase was also reported by Boaz Weinstein, also listed as a ten percent owner. InvestingPro analysis indicates a WEAK financial health score, suggesting investors should conduct thorough due diligence before following this insider move.
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