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Private Wealth Daily

Interval Fund Daily

from Private Wealth Daily

The edition as it went to readers: 2 stories.

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The lead

Destra Multi-Alternative Fund authorizes buyback, raises monthly distribution

The NYSE-listed former interval fund may repurchase shares at a discount to net asset value, with Clear Street as executing broker, after a 30-day cooling-off period.

Read the story: Destra Multi-Alternative Fund authorizes buyback, raises monthly distribution
The Wrap

Nontraded BDC redemption requests stay near twice cap; CAZ and Adams launch funds

Fitch reports third-quarter redemption requests at 9.8% of shares across 13 of 15 perpetual nontraded BDCs.

Read the story: Nontraded BDC redemption requests stay near twice cap; CAZ and Adams launch funds
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