Strategies

Destra represents an array of investment products including Mutual Funds, Listed Closed-End Funds and Un-Listed Closed-End Funds. Destra Capital Investments, LLC serves as Distributor for all Destra Mutual Funds and Sub-Distributor for the Meridian Mutual Funds. Destra Capital Advisors LLC (“Destra”) or its affiliate manages the Destra Mutual Funds and Un-Listed Closed-End Interval Funds and also acts as the secondary market servicing agent for all the Closed-End Funds listed below. Additional information on each product can be found by clicking the link on each respective product.

Important note: by clicking on a link to a non-Destra branded product, you will be leaving DestraCapital.com.

Quarterly

as of 9.30.24
fund name	ticker	3 MO	YTD	1YR	3YR	5YR	from incep.	distribution
Mutual Funds
Destra Flaherty & Crumrine Preferred and Income Inception Date: April 12, 2011	DPIAX A at NAV	5.29	11.23	18.26	0.83	2.95	5.66	monthly
	DPIAX A	0.53	6.23	12.93	-0.70	2.01	5.30	monthly
	DPIIX I	5.31	11.49	18.57	1.09	3.21	5.97	monthly
	DPICX C	4.10	9.65	16.40	0.09	2.19	4.94	monthly
BlueBay Destra International Event-Driven Credit Fund Inception Date: May 9, 2018	CEDAX A at NAV	1.73	9.52	11.58	14.90	14.05	14.18	quarterly
	CEDAX A	-4.11	3.24	5.17	12.65	12.71	13.01	quarterly
	CEDIX I	1.79	9.75	11.88	15.18	14.33	12.30	quarterly
	CEDLX L	-2.69	4.64	6.56	12.95	12.77	13.03	quarterly
	CEDTX T	1.57	9.06	11.01	14.30	13.47	13.60	quarterly
Meridian Growth Inception Date: August 1, 1984	MRAGX A	6.85	7.05	18.87	-4.04	6.23	7.83	annually
	MRCGX C	6.70	6.52	18.06	-4.72	5.48	6.63	annually
	MRIGX Investor	6.79	7.13	19.02	-3.87	6.45	8.12	annually
Meridian Contrarian Inception Date: February 10, 1994	MFCAX A	6.78	7.60	16.96	2.67	11.20	9.46	annually
	MFCCX C	6.55	6.94	16.01	1.90	10.38	8.94	annually
	MFCIX Investor	6.83	7.78	17.24	2.93	11.48	9.74	annually
Meridian Hedged Equity Fund Inception Date: January 31, 2005	MRAEX A	6.11	12.76	22.78	4.78	11.24	12.00	annually
	MRCEX C	5.86	12.10	21.88	4.21	10.69	12.43	annually
	MRIEX Investor	6.21	13.00	23.13	5.06	11.57	12.29	annually
Meridian Small Cap Growth Inception Date: December 15, 2013	MSGAX A	6.08	8.37	23.14	-4.46	7.40	9.21	annually
	MSGCX C	5.83	7.72	22.22	-5.14	6.64	6.76	annually
	MISGX Investor	6.21	8.66	23.43	-4.19	7.69	9.50	annually
Closed-End Funds
Angel Oak Financial Strategies Income Term Trust Inception Date: May 29, 2019	FINS Market	9.64	20.08	22.02	0.97	0.07	0.55	monthly
	XFINX NAV	4.10	9.41	12.40	-1.60	0.38	0.87	monthly
Ares Dynamic Credit Allocation Fund Inception Date: November 27, 2012	ARDC Market	5.09	19.65	31.12	8.18	10.37	0.00	monthly
	XADCX NAV	2.90	9.54	15.99	5.02	5.98	0.00	monthly
ArrowMark Financial Corp Inception Date: November 7, 2013	BANX Market	14.72	22.07	33.74	8.27	6.77	1.92	quarterly
	XBANX NAV	-1.36	3.59	7.57	7.59	6.90	6.22	quarterly
Destra Multi-Alternative Fund** Inception Date: January 13, 2021	DMA Market	7.43	39.17	44.98	n/a	n/a	n/a	annualy
	XDMAX NAV	0.96	3.23	9.41	1.07	1.07	3.01	annualy
Flaherty & Crumrine Dynamic Preferred and Income Inception Date: May 24, 2013	DFP Market	13.84	27.48	37.45	-1.98	3.63	6.57	monthly
	XDFPX NAV	7.61	15.06	23.77	0.38	4.49	7.15	monthly
Flaherty & Crumrine Preferred Securities Income Fund Inception Date: January 31, 2003	FFC Market	12.85	24.40	35.84	-2.63	2.55	7.15	monthly
	XFFCX NAV	7.84	15.23	24.53	0.16	4.18	7.39	monthly
Flaherty & Crumrine Total Return Fund Inception Date: August 29, 2003	FLC Market	13.10	25.01	35.31	-3.51	2.07	6.92	monthly
	XFLCX NAV	7.85	14.91	24.02	0.02	4.13	7.11	monthly

Monthly

as of 10.31.24
fund name	ticker	3 MO	YTD	1YR	3YR	5YR	from incep.	distribution
Mutual Funds
Destra Flaherty & Crumrine Preferred and Income Inception Date: April 12, 2011	DPIAX A at NAV	3.75	11.02	20.67	0.70	2.74	5.61	monthly
	DPIAX A	-0.94	6.03	15.25	-0.83	1.80	5.25	monthly
	DPIIX I	3.84	11.31	20.99	0.95	3.01	5.91	monthly
	DPICX C	3.60	10.39	19.78	-0.05	1.98	4.89	monthly
BlueBay Destra International Event-Driven Credit Fund Inception Date: May 9, 2018	CEDAX A at NAV	-1.20	9.15	11.84	14.57	13.74	13.89	quarterly
	CEDAX A	-6.88	2.89	5.41	12.33	12.41	12.75	quarterly
	CEDIX I	-1.10	9.42	12.13	14.87	14.03	12.08	quarterly
	CEDLX L	-5.43	4.33	6.83	12.66	12.49	12.77	quarterly
	CEDTX T	-1.29	8.69	11.26	14.00	13.18	13.32	quarterly
Meridian Growth Inception Date: August 1, 1984	MRAGX A	0.00	3.43	24.37	-6.24	5.36	7.43	annually
	MRCGX C	-0.16	2.86	23.52	-6.91	4.62	6.17	annually
	MRIGX Investor	0.09	3.54	24.53	-6.08	5.58	7.71	annually
Meridian Contrarian Inception Date: February 10, 1994	MFCAX A	-0.27	5.54	23.70	0.30	10.59	9.19	annually
	MFCCX C	-0.46	4.84	22.71	-0.46	9.76	8.63	annually
	MFCIX Investor	-0.18	5.78	24.05	0.56	10.86	9.47	annually
Meridian Hedged Equity Fund Inception Date: January 31, 2005	MRAEX A	4.67	12.61	23.76	3.61	10.65	11.88	annually
	MRCEX C	4.52	11.94	22.78	3.06	10.13	12.29	annually
	MRIEX Investor	4.81	12.92	24.05	3.91	10.99	12.18	annually
Meridian Small Cap Growth Inception Date: December 15, 2013	MSGAX A	0.41	6.30	31.48	-5.57	6.78	8.94	annually
	MSGCX C	0.18	5.56	30.35	-6.28	6.02	6.47	annually
	MISGX Investor	0.47	6.52	31.73	-5.35	7.04	9.23	annually
Closed-End Funds
Angel Oak Financial Strategies Income Term Trust Inception Date: May 29, 2019	FINS Market	5.88	19.43	21.07	0.53	-0.30	0.44	monthly
	XFINX NAV	3.93	10.50	14.03	0.30	0.43	1.04	monthly
Ares Dynamic Credit Allocation Fund Inception Date: November 27, 2012	ARDC Market	1.34	19.11	36.69	7.40	10.74	0.00	monthly
	XADCX NAV	2.48	10.20	18.05	5.05	6.57	0.00	monthly
ArrowMark Financial Corp Inception Date: November 7, 2013	BANX Market	7.75	21.84	36.17	7.26	6.24	1.88	quarterly
	XBANX NAV	2.00	7.96	10.65	8.92	7.79	6.57	quarterly
Destra Multi-Alternative Fund** Inception Date: January 13, 2021	DMA Market	3.58	39.49	42.69	n/a	n/a	n/a	annualy
	XDMAX NAV	2.63	5.11	12.69	2.77	1.00	2.24	annualy
Flaherty & Crumrine Dynamic Preferred and Income Inception Date: May 24, 2013	DFP Market	4.20	21.44	38.31	-3.48	2.42	6.07	monthly
	XDFPX NAV	4.97	14.40	28.00	0.07	3.96	7.04	monthly
Flaherty & Crumrine Preferred Securities Income Fund Inception Date: January 31, 2003	FFC Market	8.19	21.50	36.19	-3.88	1.57	7.01	monthly
	XFFCX NAV	5.24	14.69	29.05	-0.11	3.75	7.34	monthly
Flaherty & Crumrine Total Return Fund Inception Date: August 29, 2003	FLC Market	7.11	21.90	38.03	-4.69	0.89	6.77	monthly
	XFLCX NAV	5.13	14.24	28.23	-0.27	3.65	7.05	monthly

Data presented reflects past performance, which is no guarantee of future results. Investment results and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility, current performance may be higher or lower than the performance shown.

** Inception date of the Fund was July 2, 2014. The Fund listed on the NYSE Stock Exchange as a closed-end fund on January 13, 2022.

Mutual Fund Related Risks

Performance shown for Class A Shares with load includes the Fund’s maximum sales charge of 4.50% for the Small Cap Advantage and the Flaherty & Crumrine Preferred and Income Funds. Returns include reinvestment of all distributions and returns of less than 1 year are not annualized.

For the Destra Flaherty & Crumrine Preferred and Income Fund, the Adviser has agreed to cap expenses such that the total annual fund operating expenses, excluding brokerage commissions and other trading expenses, taxes, interest, acquired fund fees and other extraordinary expenses (such as litigation and other expenses not incurred in the ordinary course of business) do not exceed 1.25%, 1.50% and 2.25% of the Fund’s average daily net assets attributable to Class I, Class A and Class C shares, respectively. The arrangement will continue in effect until January 28, 2029, may be terminated or modified prior to that date only with the approval of the Fund’s Board of Trustees and will automatically continue in effect for successive twelve-month periods thereafter. Class A and C shares have a 12b-1 fee of up to 0.25% and distribution fee of up to 0.75% for Class C Shares. A contingent deferred sales charge of 1.00% applies on Class C shares redeemed within 12 months of purchase.

Destra and the International & Event-Driven Credit Fund have entered into the Expense Limitation Agreement under which Destra has agreed to reimburse and/or pay or absorb, on a quarterly basis, the “ordinary operating expenses” (as defined below) of the Fund to the extent that such expenses exceed 0.50% per annum of the Fund’s average daily net assets (the “Expense Limitation”). The Expense Limitation may be adjusted for different classes of Shares to account for class-specific expenses. In consideration of Destra’s agreement to limit the Fund’s expenses, the Fund has agreed to repay Destra pro rata in the amount of any Fund expense paid or waived by it, subject to the limitations that: (1) the reimbursement for expenses will be made only if payable not more than three years following the time such payment or waiver was made; and (2) the reimbursement may not be made if it would cause the Fund’s then-current Expense Limitation, if any, and the Expense Limitation that was in effect at the time when Destra reimbursed, paid or absorbed the ordinary operating expenses that are the subject of the repayment, to be exceeded. Unless earlier terminated by the Board, the Expense Limitation Agreement will remain in effect until February 13, 2029, and will automatically continue in effect for successive twelve-month periods thereafter. Destra may not terminate the Expense Limitation Agreement during the initial term. After the initial term, either the Board or Destra may terminate the Expense Limitation Agreement upon 30 days’ written notice. Class A, L and T shares have a shareholder servicing fee of up to 0.25% and distribution fee of 0.25% for Class L and 0.50% for Class T Shares.

The Destra Multi-Alternative Fund’s Gross/Net Expense ratios are 2.11%/1.70%.

Effective January 13, 2022, the Investment Manager and the Destra Multi-Alternative Fund have entered into an expense limitation and reimbursement agreement (the “Expense Limitation Agreement”) under which the Investment Manager has agreed to reimburse and/or pay or absorb, on a quarterly basis, the “ordinary operating expenses” (as defined below) of the Fund to the extent that such expenses exceed 0.53% per annum of the Fund’s average daily net assets (the “Expense Limitation”). For the purposes of the Expense Limitation Agreement, “ordinary operating expenses” consist of all ordinary expenses of the Fund, including administration fees, transfer agent fees, organization and offering expenses, fees paid to the Fund’s trustees, administrative services expenses, and related costs associated with legal, regulatory compliance and investor relations, but excluding the following: (a) investment management fees, (b) portfolio transaction and other investment-related costs (including brokerage commissions, dealer and underwriter spreads, and commitment fees on any leverage facilities, prime broker fees and expenses, and dividend expenses related to short sales), (c) interest expense and other financing costs, (d) taxes, (e) distribution fees and/or shareholder servicing fees, if any, (f) acquired fund fees and expenses and (g) extraordinary expenses. Any waiver or reimbursement by the Investment Manager under the Expense Limitation Agreement is subject to repayment by the Fund within three years from the date the Investment Manager waived any payment or reimbursed any expense, provided that the Fund is able to make the repayment without exceeding the expense limitation in place at the time of waiver or the current expense limitation and the repayment is approved by the Board. Unless terminated by the Board, the Expense Limitation Agreement will continue in effect until at least January 13, 2027. The Board may terminate this Expense Limitation Agreement upon sixty (60) days’ written notice to the Investment Manager.

*The Destra Multi-Alternative Fund’s Since Inception return is based on the Fund’s class A Share inception date on 3/16/2012. The class A Share returns, net of A share expenses, were used from 3/16/2012 inception until the class I share inception date on 7/2/2014. From 7/2/2014, the class I share returns net of I share expenses were used thereafter until the Fund listing date and conversion into common listed share class on 1/13/2022. No synthetic expenses have been retroactively applied to the combined historical performance.

** The Destra Multi-Alternative Fund listed on the NYSE on 1/13/22.

Included in the each Fund’s Class A shares expenses is a distribution and service (12b-1) fee of 0.25%.

Included in the each Fund’s Class C shares expenses is a distribution and service (12b-1) fee of 1.00%.

Investing outside the United States involves additional risks, such as currency fluctuations, political instability risks, periods of illiquidity, and price volatility, as more fully described in the prospectus. These risks may be heightened in connection with investments in developing countries. Small company stocks entail additional risks, and they can fluctuate in price more than larger company stocks. The value of fixed-income securities may be affected by changing interest rates and changes in credit ratings of the securities. As interest rates rise, the prices of fixed-income securities generally fall. Lower rated bonds and preferred securities are subject to greater fluctuations in value and risk of loss of income and principal than higher rated bonds. For more information about the risks associated with each fund, go to its detailed fund information page or read the prospectus.

Some important risks of the Preferred and Income Fund are: market risk, preferred and subordinated security risk, credit risk, interest rate risk, high-yield securities risk, liquidity risk, non-u.s. investment risk, non-diversification risk, securities selection risk, investment risk and issuer concentration in industries with regulated capital structure.

Closed-End Fund Related Risks

Performance data quoted represents past performance, which is no guarantee of future results, and current performance may be lower or higher than the figures shown. The NAV total return takes into account the Fund’s total annual expenses and does not reflect transaction charges. All distributions are assumed to be reinvested either in accordance with the dividend reinvestment plan (DRIP) for market price returns or NAV for NAV returns. Until the DRIP price is available from the Plan Agent, the market price returns reflect the reinvestment at the closing market price on the last business day of the month. Once the DRIP is available around mid-month, the market price returns are updated to reflect reinvestment at the DRIP price.

This information does not represent an offer to sell securities of the Funds nor is it soliciting an offer to buy securities of the Funds. There can be no assurance that the Funds will achieve their investment objectives. The value of the Funds will fluctuate with the value of the underlying securities. Historically, closed-end funds often trade at a discount to their net asset value. Both the net asset value and the market value of shares of common stock may be subject to high volatility and a decline in value.

Destra Capital Advisors LLC is providing secondary market servicing for the the Angel Oak Financial Strategies Income Term Trust, Ares Dynamic Credit Allocation Fund, the Destra Multi-Alternative Fund, the Flaherty & Crumrine Dynamic Preferred and Income Fund, the Flaherty & Crumrine Preferred Securities Income Fund, and the Flaherty & Crumrine Total Return Fund.

Investing in the market is subject to risk and possible loss of principal amount invested.

Data provided by Destra Capital Investments unless otherwise noted.

Investors should consider the investment objective and policies, risk considerations, charges and ongoing expenses of an investment carefully before investing. The prospectus and summary prospectus contains this and other information relevant to an investment in the fund. Please read the prospectus or summary prospectus carefully before you invest or send money. To obtain a prospectus, please contact your investment representative or Destra Capital Investments LLC at 877.287.9646 or access our literature page.