Destra to Terminate & Liquidate Dividend Total Return Fund

May 9, 2017

On May 9^th, 2017 Destra Capital Advisors LLC, the Advisor to the Destra Dividend Total Return Fund (DHDAX, DHDCX, DHDIX) announced that it had received approval from the Fund’s Board of Trustees to complete a Plan of Termination and Liquidation.

• Effectively immediately, May 9^th, 2017 the Fund will no longer accept any new subscriptions. Existing shareholders may continue to sell or redeem their shares, but new investments are prohibited.
• To facilitate redemption transactions, on May 24, 2017 the Fund will change its settlement terms from T+3 to T+1 for the last week of trading.
• The Fund will strike its last NAV on Wednesday, May 31^st and liquidate any proceeds in the Fund that evening, sending them to final Shareholders’ of record.

Destra Dividend Total Return Fund is sub-advised on an interim basis by Hilton Capital Management LLC (“Hilton”). Hilton will continue to manage the Fund until its termination on May 31, 2017. Hilton also manages a Morningstar 5 Star Ranked¹ fund, the Direxion Hilton Tactical Income Fund (HCYAX, HCYCX, HCYIX) that has a similar investment objective to Destra Dividend Total Return Fund. Destra Shareholders are encouraged to consult with their Financial Advisors to see if the Direxion Hilton Tactical Income Fund may be an appropriate investment option for them.

Destra Dividend Total Return Fund Shareholders may exchange their investments into matching shareclasses of other Destra Funds if they so choose, including the Morningstar 4 Star Ranked² Destra Flaherty & Crumrine Preferred and Income Fund. Shareholders should consult with their Financial Advisor for processing of exchanges.

Other Destra Funds:

Flaherty & Crumrine Preferred and Income Fund Class A Class C Class I

Focused Equity Fund Class A Class C Class I

Wolverine Alternative Opportunities Fund Class A Class C Class I

Destra Fund Shareholders should contact their Financial Advisors for more information and to consider their options for exchanging , redeeming or investing assets from Dividend Total Return Fund. Investment professionals may contact Destra’s Investment Service Desk at (877) 855-3434.

¹ Direxion Hilton Tactical Income Fund Class I Share is ranked 5 Stars by Morningstar in the Tactical Income Category as of March 31, 2017.

² Destra Flaherty & Crumrine Preferred and Income Fund Class I Share is ranked 4 Stars by Morningstar in the Preferred Stock Category as of March 31, 2017.