Saba Capital Management Buys 14,301 Shares in Destra Multi-Alternative Fund at $8.01/Share.

Destra Multi-Alternative Fund (DMA) has announced that Saba Capital Management, L.P., a 10% owner of the fund, has acquired 14,301 shares at a price of $8.01 per share on April 22, 2025.

Saba Capital Management, L.P., a significant owner of Destra Multi-Alternative Fund (DMA), has recently expanded its position in the fund. On April 22, 2025, Saba Capital Management, L.P. acquired 14,301 shares of DMA at a price of $8.01 per share [1].

This acquisition comes amidst a broader trend of institutional investors and hedge funds increasing their stakes in Saba Capital Income & Opportunities Fund II (NYSE: SABA). For instance, Wells Fargo & Company MN raised its holdings by 933.7% during the fourth quarter, increasing its stake to 716,776 shares [1]. Similarly, Thomas J. Herzfeld Advisors Inc. increased its stake by 152.0% in the same period [1].

The latest acquisition by Saba Capital Management, L.P. in DMA aligns with the fund's strategic focus on fixed income markets and its active management approach. The fund primarily invests in government bonds and has shown a steady performance, with a twelve-month high of $9.43 and a twelve-month low of $7.44 [1].

Saba Capital Management, L.P.'s recent acquisition suggests a bullish outlook on the fund's prospects. The move comes after Saba Capital Income & Opportunities Fund II disclosed a monthly dividend of $0.058 per share, representing a $0.70 annualized dividend and a dividend yield of 8.34% [1].

The acquisition also underscores the growing interest in fixed income investments, as institutional investors seek to diversify their portfolios and manage risks in a volatile market.

References:
[1] https://www.marketbeat.com/instant-alerts/wells-fargo-company-mn-purchases-647432-shares-of-saba-capital-income-opportunities-fund-ii-nysesaba-2025-04-19/