# Former Nontraded Interval Fund Destra Multi-Alternative Launches Buyback as 2027 Term Deadline Nears

Canonical page: https://sequoia-research.com/news/former-nontraded-interval-fund-destra-multi-alternative-launches-buyback-as-2027-term-a35f7c77

Author: Sequoia Research
Published: 2026-10-16T22:42:51.180Z
Updated: 2026-10-16T23:16:57.863Z
Original source: [AltsWire](https://altswire.com/former-nontraded-interval-fund-destra-multi-alternative-launches-buyback-as-2027-term-deadline-nears/)
Source published: 2026-10-14T23:46:04.000Z
Type: News
Topics: Alternative Investments

AltsWire reports that Destra Multi-Alternative Fund authorized an open-market buyback and raised its monthly distribution to $0.1150 per share. The announcements coincide with a measurement period relevant to whether the fund continues beyond its scheduled March 31, 2027 termination.

DMA previously operated as a nontraded interval fund and began NYSE trading in January 2022. More than half its portfolio remains invested in private companies and alternative funds. The board describes the new measures as efforts to support the trading price and reduce its discount to NAV, rather than a guarantee that the discount will close.

[Read the original](https://altswire.com/former-nontraded-interval-fund-destra-multi-alternative-launches-buyback-as-2027-term-deadline-nears/)

## Research considerations

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- What assets and investment structure sit behind the announcement?
- Which statements are historical results, sponsor projections, or marketing claims, and what independent evidence supports them?

This Sequoia Research summary was prepared with AI assistance from the credited source. It is not independent verification of the source’s claims. The original publisher retains authorship of its reporting; follow the source link for the complete article.

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