# EDGAR Filing Document

**Accession Number:** 0001854919
**File Stem:** 0001580642-26-001779
**Filing Date:** 2026-3
**Character Count:** 7484
**Document Hash:** e08f5f4725f66e66d59cb8ec7c83ba21
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001580642-26-001779.hdr.sgml**: 20260312

**ACCESSION NUMBER**: 0001580642-26-001779

**CONFORMED SUBMISSION TYPE**: SC TO-I/A

**PUBLIC DOCUMENT COUNT**: 12

**FILED AS OF DATE**: 20260312

**DATE AS OF CHANGE**: 20260312

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Dynamic Alternatives Fund
- **CENTRAL INDEX KEY:** 0001854919

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** SC TO-I/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-94632
- **FILM NUMBER:** 26749017

**BUSINESS ADDRESS:**
- **STREET 1:** 5025 ARLINGTON CENTRE BOULEVARD
- **CITY:** COLUMBUS
- **STATE:** OH
- **ZIP:** 43220
- **BUSINESS PHONE:** 614-273-1000

**MAIL ADDRESS:**
- **STREET 1:** 5025 ARLINGTON CENTRE BOULEVARD
- **CITY:** COLUMBUS
- **STATE:** OH
- **ZIP:** 43220
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Dynamic Alternatives Fund
- **CENTRAL INDEX KEY:** 0001854919

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** SC TO-I/A

**BUSINESS ADDRESS:**
- **STREET 1:** 5025 ARLINGTON CENTRE BOULEVARD
- **CITY:** COLUMBUS
- **STATE:** OH
- **ZIP:** 43220
- **BUSINESS PHONE:** 614-273-1000

**MAIL ADDRESS:**
- **STREET 1:** 5025 ARLINGTON CENTRE BOULEVARD
- **CITY:** COLUMBUS
- **STATE:** OH
- **ZIP:** 43220

**UNITED STATES SECURITIES AND EXCHANGE COMMISSION<br> WASHINGTON, D.C. 20549**

SCHEDULE TO

TENDER OFFER STATEMENT UNDER SECTION 14(d)(1) OR 13(e)(1)<br> OF THE SECURITIES EXCHANGE ACT OF 1934

(Final Amendment)

**DYNAMIC ALTERNATIVES FUND** <br> (Name of Subject Company (Issuer))

**DYNAMIC ALTERNATIVES FUND** <br> (Name of Filing Person(s) (Issuer))

SHARES OF BENEFICIAL INTEREST<br> (Title of Class of Securities)

N/A<br> (CUSIP Number of Class of Securities)

**William A. Leuby** 

**Hamilton Capital, LLC** 

**5025 Arlington Centre Blvd., Suite 300** 

**Columbus, Ohio 43220** 

**(614) 273-1000**

(Name, Address, and Telephone Number of Person Authorized to Receive Notices and<br> Communications on Behalf of the Filing Person(s))

With a copy to:

**Pamela M. Krill, Esq.**

**Godfrey& Kahn, S.C.**

**833 East Michigan Street, Suite 1800**

**Milwaukee, Wisconsin 53202**

**(608) 284-2226**

CALCULATION OF FILING FEE

---

| | |
|:---|:---|
| &nbsp;&nbsp;Transaction Valuation: $15,974,577 (a) | &nbsp;&nbsp;Amount of Filing Fee: $2,206.09 (b) |

---

(a) Calculated as the aggregate maximum value of Shares being purchased.

(b) Calculated at $138.10 per $1,000,000 of the Transaction Valuation.

[X] Check the box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify

the filing with which the offsetting fee was previously paid. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;Amount Previously Paid: | &nbsp;&nbsp;&nbsp;2206.09 |
| &nbsp;&nbsp;&nbsp;Form or Registration No.: | &nbsp;&nbsp;&nbsp;Schedule TO |
| &nbsp;&nbsp;&nbsp;Filing Party: | &nbsp;&nbsp;&nbsp; Dynamic Alternatives Fund |
| &nbsp;&nbsp;&nbsp;Date Filed: | &nbsp;&nbsp;&nbsp;October 10, 2025 |

---

[_] Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.

Check the appropriate boxes below to designate any transactions to which the statement relates:

[_] third-party tender offer subject to Rule 14d-1.

[X] issuer tender offer subject to Rule 13e-4.

[_] going-private transaction subject to Rule 13e-3.

[_] amendment to Schedule 13D under Rule 13d-2.

Check the following box if the filing is a final amendment reporting the results of the tender offer: [X]

**FINAL AMENDMENT TO TENDER OFFER STATEMENT**

This Final Amendment related to the Issuer Tender Offer Statement on Schedule TO ("the "Statement") originally filed on October 10, 2025 by Dynamic Alternatives Fund (the "Fund") in connection with an offer (the "Offer") by the Fund to purchase up to $15,974,577 of shares of beneficial interest ("Shares") on the terms and subject to the conditions set forth in the Offer to Purchase and the related Letter of Transmittal. Copies of the Offer to Purchase and Letter of Transmittal were previously filed as Exhibits B and C to the Statement.

This is the Final Amendment to the Statement and is being filed to report the results of the Offer. Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Offer to Purchase.

The following information is furnished pursuant to Rule 13e-4(c)(4):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The Offer expired on November 14, 2025, at 11:59 P.M., Eastern Time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The net asset value of Shares tendered pursuant to the Offer was calculated as of December 31, 2025. The net asset value per share is $11.13.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. $631,460 in Shares were validly tendered and not withdrawn prior to the expiration of the Offer, and all of those Shares were accepted for purchase, and paid for, by the Fund in accordance with the terms of the Offer. The initial payment of 95% of the amount tendered was paid out on February 11, 2026 (the "Initial Payment"). Where applicable, the second and final payment (the "Final Payment") is expected to be in an amount equal to the excess, if any, of (i) the aggregate value of the repurchased Shares, determined as of the Valuation Date based upon the results of the annual audit of the Fund's financial statements for the fiscal year ended September 30, 2026, over (ii) the Initial Payment. The Adviser anticipates that the annual audit of the Fund and that the Final Payment will be made as promptly as practicable after the completion of such audit.

SIGNATURE

After due inquiry and to the best of my knowledge and belief, I certify that the information set out in this statement is true, complete, and correct.

**Dynamic Alternatives Fund**

By:/s/Zachary Richmond

Name: Zachary Richmond

Title: Treasurer

March 12, 2026

## Ex-Filing

?xml version='1.0' encoding='ASCII'?

**Calculation of Filing Fee Tables**

**SC TO**

**Dynamic Alternatives Fund**

**Table 1 to Paragraph (a)(7)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;Line Item Type | &nbsp;&nbsp;Notes | &nbsp;&nbsp;Transaction Valuation | &nbsp;&nbsp;Fee Rate | &nbsp;&nbsp;Amount of Filing Fee |
| &nbsp;&nbsp;Fees Previously Paid | &nbsp;&nbsp;(1) | &nbsp;&nbsp;$15974577 | &nbsp;&nbsp;0.00013810 | &nbsp;&nbsp;$2206.09 |
|  | &nbsp;&nbsp;Total Transaction Valuation | &nbsp;&nbsp;$15974577 |  |  |
|  | &nbsp;&nbsp;Total Fees Due for Filing |  |  | &nbsp;&nbsp;$2206.09 |
|  | &nbsp;&nbsp;Total Fees Previously Paid |  |  | &nbsp;&nbsp;$2206.09 |
|  | &nbsp;&nbsp;Total Fee Offsets |  |  | &nbsp;&nbsp;$0 |
|  | &nbsp;&nbsp;Net Fee Due |  |  | &nbsp;&nbsp;$0 |

---

Offering Note(s)

(1) Calculated as the aggregate maximum value of Shares being purchased. The fee of $2,206.09 was paid in connection
 with the filing of the Schedule TO-I by Dynamic Alternatives Fund (File No. 005-94632) on October 10, 2025 (the "Schedule TO").
 This is the final amendment to the Schedule TO and is being filed to report the results of the offer.