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Saba capital management buys $365,189 in Destra multi-alternative fund shares

Published 13/05/2025, 16:02
Saba capital management buys $365,189 in Destra multi-alternative fund shares
DMA
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NEW YORK—Saba Capital Management, L.P., a significant stakeholder in Destra Multi-Alternative Fund (NASDAQ:DMA), has increased its holdings in the company. According to a recent SEC filing, Saba Capital Management acquired 42,913 shares of common stock on May 12, 2025, at a price of $8.51 per share. The total value of this transaction is approximately $365,189. The stock, which currently trades at $8.56, has shown strong momentum with a 21% return over the past year and offers an attractive dividend yield of ~10%. Following this acquisition, Saba Capital Management holds a total of 1,935,159 shares in the fund.

The filing also lists Boaz Weinstein as a reporting owner, emphasizing the significant ownership stake in the Destra Multi-Alternative Fund. This transaction underscores Saba Capital Management’s continued investment in the fund.

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