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[Federal Register Volume 89, Number 222 (Monday, November 18, 2024)]
[Notices]
[Page 90811]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-26760]

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SECURITIES AND EXCHANGE COMMISSION

[Investment Company Act Release No. 35381; 812-15645]

Destra Multi-Alternative Fund and Destra Capital Advisors LLC

November 12, 2024.
AGENCY: Securities and Exchange Commission (``Commission'' or ``SEC'').

ACTION: Notice.

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    Notice of an application under section 6(c) of the Investment 
Company Act of 1940 (the ``Act'') for an exemption from section 19(b) 
of the Act and rule 19b-1 under the Act to permit registered closed-end 
investment companies to make periodic distributions of long-term 
capital gains more frequently than permitted by section 19(b) or rule 
19b-1.

Summary of Application:  Applicants request an order to permit certain 
registered closed-end management investment companies to pay as 
frequently as twelve times in any one taxable year in respect of its 
common stock and as often as specified by, or determined in accordance 
with the terms of, any preferred stock issued by the investment company 
subject to the terms and conditions stated in the application.

Applicants:  Destra Multi-Alternative Fund and Destra Capital Advisors 
LLC.

Filing Dates:  The application was filed on October 18, 2024.

Hearing or Notification of Hearing:  An order granting the requested 
relief will be issued unless the Commission orders a hearing. 
Interested persons may request a hearing on any application by emailing 
the SEC's Secretary at [email protected] and serving the 
Applicants with a copy of the request by email, if an email address is 
listed for the relevant Applicant below, or personally or by mail, if a 
physical address is listed for the relevant Applicant below. Hearing 
requests should be received by the Commission by 5:30 p.m. on December 
9, 2024, and should be accompanied by proof of service on the 
Applicants, in the form of an affidavit, or, for lawyers, a certificate 
of service. Pursuant to rule 0-5 under the Act, hearing requests should 
state the nature of the writer's interest, any facts bearing upon the 
desirability of a hearing on the matter, the reason for the request, 
and the issues contested. Persons who wish to be notified of a hearing 
may request notification by emailing the Commission's Secretary.

ADDRESSES: The Commission: [email protected]. Applicants: 
Joshua B. Deringer, Esq., Faegre Drinker Biddle & Reath LLP, 
[email protected], with a copy to Robert A. Watson, 
Destra Capital Advisors LLC, [email protected].

FOR FURTHER INFORMATION CONTACT: Trace W. Rakestraw, Senior Special 
Counsel, at (202) 551-6825 (Division of Investment Management, Chief 
Counsel's Office).

SUPPLEMENTARY INFORMATION: For Applicants' representations, legal 
analysis, and conditions, please refer to Applicants' application, 
dated October 18, 2024, which may be obtained via the Commission's 
website by searching for the file number at the top of this document, 
or for an Applicant using the Company name search field on the SEC's 
EDGAR system. The SEC's EDGAR system may be searched at https://www.sec.gov/edgar/searchedgar/legacy/companysearch.html. You may also 
call the SEC's Public Reference Room at (202) 551-8090.

    For the Commission, by the Division of Investment Management, 
under delegated authority.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-26760 Filed 11-15-24; 8:45 am]
BILLING CODE 8011-01-P
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