Destra Capital Investments and LCM Investment Management Announce Distribution Deal for Multi-Strategy Growth & Income Fund
August 22, 2018
CHICAGO--(BUSINESS WIRE)--Destra Capital Investments LLC (“Destra”) and LCM Investment Management LLC (“LCM”) today announced an agreement for Destra to sub-distribute the Multi-Strategy Growth & Income Fund (the “Fund”) to the wholesale channel effective immediately.
“Destra is excited to partner with LCM and expand the distribution of this unique investment strategy,” said Dominic Martellaro, Chief Executive Officer of Destra. Destra Capital Investments LLC, a broker-dealer registered with FINRA, will distribute the Fund to brokers, advisors and financial intermediaries.
“We are pleased to have Destra representing the Fund and look forward to expanding the offering of this sophisticated, endowment-based alternative investment process to the financial advisor community,” said Mark C. Scalzo, LCM Chief Investment Officer and Co-Portfolio Manager of the Fund.
The Multi-Strategy Growth & Income Fund, a closed-end interval fund, is designed to pursue total return opportunities with an emphasis on income, by investing in alternative investment strategies and vehicles. The Fund’s strategy is highly differentiated from the current interval fund marketplace because it brings active management to multiple alternative asset classes in an endowment-style framework, including providing access to sophisticated strategies and investments generally not available to the public.
The Fund’s principal distributor is Northern Lights Distributors, LLC. Destra Capital Investments LLC, will serve as a sub-distributor of the Fund.
Contact
For more information about Destra, LCM or the fund, contact Rob Watson, of Destra Capital at rob.watson@destracapital.com 877-855-3434.
About Destra
Destra Capital connects financial advisors and their clients with innovative investment strategies, in uniquely positioned products from experienced asset managers. At Destra, we take the long view, setting our goal to rise above fleeting market statistics toward the opportunity for long-term returns.
About LCM
LCM Investment Management, LLC (“LCM”) is an SEC registered investment advisor specializing in multi-asset investment solutions with an emphasis on alternative strategies. In total, LCM manages roughly $600 million in discretionary and non-discretionary assets under management.
Important Risk Information
1Pursuant to Rule 23c-3 of the 1940 Act, the Fund must make a quarterly repurchase offer of at least 5% of the Fund’s outstanding shares. The Fund’s Board of Directors will set the actual level of the quarterly repurchase offers. It is possible that a repurchase offer may be oversubscribed, in which case shareholders may only have a portion of their shares repurchased.
Please read the prospectus for more complete information, including risks and objectives before investing. Investing in the Shares involves certain risks, including loss of principal, that are described in the “Risks” section of the prospectus, including the following:
The Fund’s Shares will not be immediately listed on an exchange in the foreseeable future, if at all. It is not anticipated that a secondary market for the Shares will develop unless the Shares are listed on an exchange. Thus, an investment in the Fund is not suitable for investors who might need access to the money they invest for several years or longer.
The Fund may decline to accept any subscription requests for any reason regardless of the order in which such subscription request was submitted to the Fund in a particular subscription period.
NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE