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DMA (Destra Multi-Alternative Fund) Scaled Net Operating Assets : 0.96 (As of Sep. 2024)


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What is Destra Multi-Alternative Fund Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Destra Multi-Alternative Fund's operating assets for the quarter that ended in Sep. 2024 was $124.03 Mil. Destra Multi-Alternative Fund's operating liabilities for the quarter that ended in Sep. 2024 was $8.85 Mil. Destra Multi-Alternative Fund's Total Assets for the quarter that ended in Mar. 2024 was $119.78 Mil. Therefore, Destra Multi-Alternative Fund's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was 0.96.

Destra Multi-Alternative Fund Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Destra Multi-Alternative Fund's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2024 )
=(Operating Assets (A: Mar. 2024 )-Operating Liabilities (A: Mar. 2024 ))/Total Assets (A: Mar. 2023 )
=(119.774-4.732)/114.697
=1.00

where

Operating Assets(A: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=119.775 - 0.001
=119.774

Operating Liabilities(A: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=19.708 - 14.976 - 0
=4.732

Destra Multi-Alternative Fund's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2024 )
=(Operating Assets (Q: Sep. 2024 )-Operating Liabilities (Q: Sep. 2024 ))/Total Assets (Q: Mar. 2024 )
=(124.032-8.846)/119.775
=0.96

where

Operating Assets(Q: Sep. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=124.032 - 0
=124.032

Operating Liabilities(Q: Sep. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=20.845 - 11.999 - 0
=8.846

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Destra Multi-Alternative Fund Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Destra Multi-Alternative Fund (NYSE:DMA) » Definitions » Scaled Net Operating Assets
Comparable Companies
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Traded in Other Exchanges
N/A
Address
443 North Willson Avenue, Bozeman, MT, USA, 59715
Website
https://www.destracapital.com
Destra Multi-Alternative Fund is a non-diversified, closed-end management investment company that operates as an interval fund with a continuous offering of fund shares. The investment objective of the fund is to seek returns from capital appreciation and income with an emphasis on income generation.
Executives
Saba Capital Management, L.p. 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Boaz Weinstein 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Randi Jean Roessler officer: Chief Compliance Officer C/O DESTRA MULTI ALTERNATIVE FUND, 443 NORTH WILLSON AVENUE, BOZEMAN MT 59715
Robert A. Watson officer: PRESIDENT 443 NORTH WILLSON AVENUE, BOZEMAN MT 59715
Zach Leeds other: Assistant Portfolio Manager 1710 LARKIN ST, #11, SAN FRANCISCO CA 94109
Kenneth B. Merritt officer: Assistant Secretary 443 NORTH WILLSON AVENUE, BOZEMAN MT 59715
Gossard Cory J officer: Chief Compliance Officer C/O PINE ADVISER SOLUTIONS, 501 S. CHERRY STREET, SUITE 1090, DENVER CO 80246
Jacob G. Schultz officer: Secretary 443 NORTH WILLSON AVENUE, BOZEMAN MT 59715
Marcie Mcveigh officer: Assistant Treasurer 225 PICTORIA DRIVE, SUITE 450, CINCINNATI OH 45246
Derek Jason Mullins officer: CFO and Treasurer C/O PINE ADVISOR SOLUTIONS, 501 S. CHERRY ST., SUITE 1090, DENVER CO 80246
Nicholas Dalmaso director 10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018
Michael Erickson director C/O DESTRA CAPITAL ADVISORS LLC, 444 WEST LAKE STREET, SUITE 1700, CHICAGO IL 60606-0070
Jeffrey S. Murphy director C/O DESTRA CAPITAL ADVISORS LLC, 444 WEST LAKE STREET, SUITE 1700, CHICAGO IL 60606-0070
John Scott Emrich director C/O DESTRA CAPITAL ADVISORS LLC, 444 WEST LAKE STREET, SUITE 1700, CHICAGO IL 60606-0070
Aaron Jay Rosen other: Advior Affiliate 10655 CALLE MAR DE MARIPOSA #4101, SAN DIEGO CA 92130