Destra Multi-Alternative Fund (DMA)
Managed by Pinhook Capital, LLC, this closed-end balanced mutual fund, known as the Multi-Strategy Growth & Income Fund, strategically invests in U.S. public equity and fixed-income markets. For its equity component, the fund primarily targets companies within the real estate sector, including Real Estate Investment Trusts (REITs), utilizing direct investments, other funds, and derivatives such as options, across all market capitalization ranges. The fixed-income portion encompasses structured notes, notes, bonds, and asset-backed securities. Its investment methodology combines fundamental and quantitative analysis, emphasizing investments that offer the highest expected income, robust capital appreciation potential, and relatively low volatility. This U.S.-domiciled fund commenced operations on June 3, 2011.
Industry: Asset Management
Destra Multi-Alternative Fund
NYSE:DMAFinancial Services · Asset Management
+0.28%$7.09
AH Close$7.09+0.00%vs close
AH Close$7.09+0.00%vs close
Mkt Cap$63.55M
Float6.74M
O/S8.96M
Inst Own59.8%
Div Yield18.79%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$7.83M
Net Income-$1.5M
Total Assets$90.68M
Free Cash Flow$2.77M
Debt & Equity
Debt 12%
Equity 88%
Total Debt$10.72M
Total Equity$79.54M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in DMA's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$90.68M
Liabilities$11.13M
Accounts Receivable$1.19M
Accounts Payable$902K
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-02-28 |
| Revenue | $7.83M | -$2.92M | $7.49M | -$7M | $2.38M |
| YoY Growth | -367.9% | -139.0% | -206.9% | -394.3% | - |
| Cost of Revenue | $1.46M | $2.04M | $0 | $0 | $0 |
| Gross Profit | $6.37M | -$4.97M | $7.49M | -$7M | $2.38M |
| Gross Margin | 81.4% | 169.9% | 100.0% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $0 | $833K | $774K | $978K | $967K |
| Other | $6.74M | -$277K | -$242K | $0 | $0 |
| Total Operating Expenses | $6.74M | $556K | $532K | $785K | $761K |
| Operating Income (EBIT) | -$365K | -$5.52M | $6.96M | -$7.79M | $1.62M |
| Operating Margin | -4.7% | 188.9% | 92.9% | 111.2% | 68.0% |
| Interest Expense | $1.13M | $2.04M | $2.41M | $1.43M | $856K |
| Interest Income | $6.2M | $744K | $868K | $539K | $65K |
| Other Income (Expense) | -$1.13M | $0 | $0 | $0 | $0 |
| Income Before Tax (EBT) | -$1.5M | -$5.52M | $6.96M | -$7.79M | $1.62M |
| Income Tax Expense | $0 | $0 | $89K | $0 | $0 |
| Net Income | -$1.5M | -$5.52M | $6.87M | -$7.79M | $1.62M |
| Net Income Margin | -19.1% | 188.9% | 91.7% | 111.2% | 68.0% |
| Supplementary Data | |||||
| EPS | -0.17 | -0.78 | 0.98 | -1.11 | 0.23 |
| Diluted EPS | -0.17 | -0.61 | 0.98 | -1.11 | 0.23 |
| Weighted Average OS | 8.96M | 7.04M | 7.04M | 7.04M | 7.04M |
| EBITDA | -$365K | -$5.52M | $16.49M | -$13.92M | $1.62M |
| EBITDA Margin | -4.7% | 188.9% | 220.2% | 198.7% | 68.0% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-02-28 |
| Assets | |||||
| Current Assets | |||||
| Cash and Cash Equivalents | $0 | $0 | $888 | $12K | $332K |
| Short-Term Investments | $13.33M | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $13.33M | $8.27M | $888 | $12K | $332K |
| Accounts Receivable | $1.19M | $689K | $2.12M | $691K | $747K |
| Inventory | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $14.52M | $737K | $2.15M | $702K | $1.08M |
| Long-Term Assets | |||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $76.14M | $1.96M | $1.35M | $113.9M | $124.45M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $24K | $106.1M | $116.28M | -$113.9M | -$124.45M |
| Total Long-Term Assets | $76.16M | $108.06M | $117.63M | $113.9M | $124.45M |
| Other Assets | $0 | $0 | $0 | $92K | $164K |
| Total Assets | $90.68M | $108.8M | $119.77M | $114.7M | $125.69M |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | $902K | $131K | $2.33M | $109K | $54K |
| Short-Term Debt | $817K | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $89K | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | -$1.19M | $0 | $0 | -$3.54M | -$3.17M |
| Total Current Liabilities | $817K | $131K | $2.33M | $109K | $54K |
| Long-Term Liabilities | |||||
| Long-Term Debt | $9.9M | $11M | $14.98M | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $416K | $6.68M | $2.41M | $0 | $0 |
| Total Long-Term Liabilities | $10.32M | $17.68M | $17.38M | $15M | $15M |
| Other Liabilities | $0 | $0 | $0 | $4.96M | $5.11M |
| Total Liabilities | $11.13M | $17.81M | $19.71M | $20.07M | $20.17M |
| Stockholders' Equity | |||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $98.11M | $98.04M | $98.1M | $97.32M | $100.36M |
| Retained Earnings | -$18.56M | -$7.04M | $1.97M | -$2.69M | $5.16M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $0 | $0 | $0 | $0 | $0 |
| Total Equity | $79.54M | $90.99M | $100.07M | $94.63M | $105.52M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $90.68M | $108.8M | $119.77M | $114.7M | $125.69M |
| Supplementary Data | |||||
| Total Debt | $10.72M | $11M | $14.98M | $15M | $15M |
| Net Debt | $10.72M | $11M | $14.97M | $14.99M | $14.67M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-02-28 |
| Operating Activities | |||||
| Net Income | -$1.5M | -$5.52M | $6.87M | -$7.79M | $1.62M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||
| Accounts Receivable | -$378K | $1.43M | $51K | $485K | $248K |
| Inventory | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $3K | $0 | $0 | $0 | $0 |
| Other Working Capital | -$52K | $72K | -$35K | $214K | -$207K |
| Total Working Capital Change | -$428K | $1.5M | $16K | $699K | $42K |
| Other Non-Cash Items | $4.7M | $7.73M | -$4.04M | $12.93M | $7.96M |
| Net Cash from Operating | $2.77M | $3.71M | $2.84M | $5.84M | $9.62M |
| Investing Activities | |||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$144.73M | $0 | $0 | $0 | $0 |
| Sales of Investments | $158.77M | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $14.04M | $0 | $0 | $0 | $0 |
| Financing Activities | |||||
| Debt Repaid | $1.1M | $4M | - | - | -$700K |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $108K |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | -$5.61M |
| Dividends Paid | -$9.95M | -$3.55M | -$1.43M | -$6.09M | -$6.13M |
| Other Financing Activities | -$5.11M | $3.19M | -$1.42M | $250K | $1.65M |
| Net Cash from Financing | -$16.16M | -$4.36M | -$2.85M | -$5.84M | -$9.29M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $650K | -$651K | -$11K | $4K | $332K |
| Supplementary Data | |||||
| Operating Cash Flow | $2.77M | $3.71M | $2.84M | $5.84M | $9.62M |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $2.77M | $3.71M | $2.84M | $5.84M | $9.62M |
| Cash at Beginning | $0 | $888 | $12K | $7K | $0 |
| Cash at End | $0 | -$650K | $888 | $12K | $332K |