Destra Multi-Alternative Fund, an NYSE-listed former interval fund, has authorized a share repurchase program that allows repurchases at a discount to net asset value, with Clear Street as executing broker, our tracking shows.
The program includes a 30-day cooling-off period, and the fund also raised its monthly distribution.
The buyback is an authorization, not evidence of completed purchases; the available data does not detail the number of shares the fund may repurchase, the discount range, or when repurchases could begin.
Reported by The Wrap desk from Internal coverage. Published . Corrections