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Rating:Destra Rolls Out a High Dividend Strategy Fund Not Rated 5.0 Email Routing List Email & Route  Print Print
Monday, September 12, 2011

Destra Rolls Out a High Dividend Strategy Fund

Reported by Armie Margaret Lee

Destra Capital Advisors recently rolled out Destra High Dividend Strategy Fund. Sub-advised by Miller/Howard Investments, the fund started taking in money from investors on August 10.
Company Press Release

Fund Seeks Current Income Generation and Long-Term Total Return  

Destra Capital Advisors, an investment advisory firm specializing in original strategies that pursue responsible alpha, is pleased to announce the launch of the Destra High Dividend Strategy Fund, which opened to investors on Aug. 10, 2011, and will be distributed by Destra Capital Investments.  

Destra will act as the investment advisor to the fund. Miller/Howard Investments Inc., an employee-owned equity management firm with more than 19 years of experience managing dividend-focused portfolios, will act as the subadvisor.

  “Destra’s mission is to connect advisors and their clients with institutional money managers who offer a unique approach to pursuing alpha and managing downside risk. The Destra High Dividend Strategy Fund advances that mission and is a natural addition to our family of funds,” said Destra CEO Dominic C. Martellaro. “Miller/Howard Investments has a long track record of identifying dividend-producing common equities and master-limited partnerships and we are pleased to partner with them to offer this Fund.”

  The Destra High Dividend Strategy Fund seeks to achieve long-term total return and current income. Under normal market conditions, the Fund will invest at least 80% of its net assets in  income-producing equity securities, including common stocks, preferred shares and convertible securities. The Fund may invest up to 20% of its assets in securities denominated in non-U.S. dollar currencies, and up to 25% of its assets in master-limited partnerships. The Fund may invest in securities from any country.  

“Identifying income-generating investments is paramount to combating imminent interest rate risk,” said Peter Amendolair, Chief Investment Officer, Destra. “Stock prices fluctuate, but dividends add current returns. By focusing on financially strong stocks with rising dividends, investors have an opportunity to generate consistent and superior risk-adjusted performance overtime.”

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