How to Leverage Gold as Collateral for LoansBOZEMAN, Mont.--(BUSINESS WIRE)--Dec 10, 2024-- On December 10, 2024, Destra Multi-Alternative Fund (the “Fund” or “DMA”), a closed-end fund traded on the New York Stock Exchange under the symbol DMA, declared a year end distribution of $0.3239 per share for 2024. The record date for the distribution is December 20, 2024, and the payable date is December 31, 2024. The Fund will trade ex-distribution on December 19, 2024. Pursuant to the Fund’s Dividend Reinvestment Plan (“DRP”), unless the registered owner of the Fund’s Common Shares elects otherwise by contacting the Fund’s plan agent, Equiniti Trust Company, LLC (“EQ”), all dividends declared on the Common Shares will be automatically reinvested in additional Common Shares by EQ. Common Shareholders who elect not to participate in the DRP will receive all dividends and other distributions in cash, paid by check mailed directly to the shareholder of record. Shareholders may obtain more information on the shareholder services offered to the Fund by calling EQ at the Fund's dedicated toll free number 800-591-8238. A portion of the distribution may be treated as paid from sources other than net investment income, including, but not limited to, short-term capital gain, long-term capital gain, or return of capital. As required by Section 19(a) of the Investment Company Act of 1940, a notice will be distributed to shareholders in the event that a portion of the distribution is derived from sources other than undistributed net investment income. The final determination of the source and tax characteristics of this distribution will depend upon the Fund’s investment experience during its fiscal year and will be made after the Fund’s year end. The Fund will send to investors a Form 1099-DIV for the calendar year that will define how to report this distribution for federal income tax purposes. For further information regarding the Fund’s distribution, please visit www.destracapital.com . Destra Multi-Alternative Fund (NYSE: DMA) is a core alternative solution that seeks to achieve long-term performance non-correlated to the broad stock and bond markets. It invests primarily in alternative strategies and asset classes including real estate, direct private equity, alternative credit, commodities, and hedge strategies. Destra Capital Advisors LLC, based in Bozeman, MT, serves as Investment Adviser and Secondary Market Servicing agent to the Fund. Validex Global Investing serves as the Investment Sub-Adviser to the Fund. Shares of the Fund can be purchased on the New York Stock Exchange through any securities broker. Information regarding the Fund and Destra Capital Advisors can be found at www.destracapital.com . Please contact Destra Capital Advisors LLC, the Fund’s marketing, and investor support services agent, at DMA@destracapital.com or call (877) 855-3434 if you have any questions regarding DMA. NOT FDIC INSURED NO BANK GUARANTEE MAY LOSE VALUE View source version on businesswire.com : https://www.businesswire.com/news/home/20241210280790/en/ CONTACT: Destra Capital Advisors LLC DMA@destracapital.com (877) 855-3434 KEYWORD: MONTANA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: ASSET MANAGEMENT PROFESSIONAL SERVICES FINANCE SOURCE: Destra Capital Advisors LLC Copyright Business Wire 2024. PUB: 12/10/2024 05:00 PM/DISC: 12/10/2024 05:00 PM http://www.businesswire.com/news/home/20241210280790/en
Julia Wick | (TNS) Los Angeles Times As California politicos look ahead to 2025, the biggest question looming is whether Vice President Kamala Harris — a native daughter, battered just weeks ago by presidential election defeat — will enter the 2026 California governor’s race. Related Articles National Politics | Senate begins final push to expand Social Security benefits for millions of people National Politics | Trump taps immigration hard-liner Kari Lake as head of Voice of America National Politics | Trump invites China’s Xi to his inauguration even as he threatens massive tariffs on Beijing National Politics | Pressure on a veteran and senator shows what’s next for those who oppose Trump National Politics | What Americans think about Hegseth, Gabbard and key Trump Cabinet picks AP-NORC poll Harris has yet to give any public indication on her thoughts and those close to her suggest the governorship is not immediately top of mind. But if Harris does ultimately run — and that’s a massive if — her entrée would seismically reshape the already crowded race for California’s highest office. Recent polling suggests Harris would have a major advantage, with 46% of likely voters saying they were somewhat or very likely to support her for governor in 2026, according to a UC Berkeley Institute of Governmental Studies survey co-sponsored by The Times. “If Vice President Harris were to choose to run, I am certain that that would have a near field-clearing effect on the Democratic side,” Rep. Katie Porter, D-Irvine, said during a recent UC Irvine panel interview . Porter, a high-profile Democrat who has been eyeing the wide-open governor’s race, has yet to say whether she plans to run. Porter’s point was broadly echoed in conversations with nearly a dozen California political operatives and strategists, several of whom requested anonymity to speak candidly. Most speculated that a Harris entry would cause some other candidates in the race to scatter, creating further upheaval in down-ballot races as a roster of ambitious politicians scramble for other opportunities. “In politics, you always let the big dogs eat first,” quipped Democratic political consultant Peter Ragone. The current gubernatorial field is a who’s who of California politicians, but lacks a clear favorite or star with widespread name recognition. The vast majority of California’s 22 million voters have yet to pay attention to the race and have little familiarity with the candidates. The list of Democratic candidates includes Los Angeles’ first Latino mayor in more than a century ( Antonio Villaraigosa ); the first female and first out LGBTQ leader of the state Senate ( Toni Atkins ); the sitting lieutenant governor and first woman to hold that post ( Eleni Kounalakis ); the state superintendent of public instruction ( Tony Thurmond ) and the former state controller ( Betty Yee ). Democratic Gov. Gavin Newsom is serving his second term as California governor, meaning he is ineligible to run again. Several other Democrats, including Porter, outgoing Health and Human Services Director Xavier Becerra and state Atty. Gen. Rob Bonta have also publicly toyed with the idea of a run. They could be less likely to enter the fray should Harris decide to run. What the billionaire mall mogul Rick Caruso — who has also been exploring a run — would choose to do is an open question, as Caruso might contrast himself with Harris as a more centrist candidate. The real estate developer was a registered Republican until November 2019. It’s unlikely that Harris will proffer a public decision in the immediate term, leaving plenty of time for political insiders to game out hypotheticals in the weeks and months to come. Harris’ office did not respond to a request for comment. “I think every candidate for governor is trying to get some kind of intel,” Mike Trujillo, a Los Angeles-based Democratic political consultant and former Villaraigosa staffer, said of a potential Harris run. Trujillo speculated that Harris’ current state was probably similar to Hillary Clinton’s hiking sojourns in the Chappaqua woods after losing to Donald Trump in 2016, or Al Gore growing a beard in the bruising aftermath of his 2000 defeat. “The first thing she’s probably thinking about is, ‘Well, can I run again for president in four years?’ Not, ‘Do I run for governor in two years?’” said one political operative who’s worked with Harris in the past. Harris maintains a home in Brentwood and previously served as California’s senator and attorney general. A successful run for governor in 2026 would almost certainly impede a grab for the presidency in 2028. (Though if history is any guide, an unsuccessful run for California governor does not definitively preclude a bid for the Oval Office: Two years after losing the White House to John F. Kennedy, Richard Nixon lost the 1962 contest for governor to Pat Brown . The Yorba Linda native became the nation’s 37th president in 1969.) As the chief executive of a state that doubles as the world’s fifth-largest economy, Harris would have more power to steer policy and make changes as a California governor than she did as vice president, where her job required deference to President Biden. But leading a state, even the nation’s most populous, could feel like small potatoes after being a heartbeat (and a few dozen electoral votes) from the presidency. The protracted slog to November 2026 would also be a stark contrast to her ill-fated 107-day sprint toward the White House, particularly for a candidate whose 2020 presidential primary campaign was dogged by allegations of infighting and mismanagement. “I don’t think Kamala Harris has a deep psychological need to be governor of California, or to be in elective office in order to feel like she can contribute to society,” said the operative who’s worked with Harris in the past. “I think some of these people do, but she’s somebody who has enough prominence that she could do a lot of big, wonderful things without having to worry about balancing California’s budget or negotiating with Assemblyman Jesse Gabriel,” the Encino Democrat who chairs the Assembly’s budget committee. Technically, Harris has until March 2026 to decide whether she enters a race. But political strategists who spoke to The Times theorized that she probably would make a move by late spring, if she chooses to do so. “People will be more annoyed if she drops in in June,” a Democratic strategist involved with one of the gubernatorial campaigns said. Sending a clear signal by February would be more “courteous,” the strategist continued, explaining that such a move would give candidates more time to potentially enter other races. Kounalakis is a longtime friend and ally of Harris’ , and the vice president also has long-term relationships with some of the other candidates and potential candidates. California has eight statewide elected offices and campaign finance laws allow candidates to fundraise interchangeably for them, meaning money already raised for a candidate’s gubernatorial campaign could easily be redirected should they decide to run for, say, lieutenant governor instead. There are already a number of candidates running for lieutenant governor, including former Stockton Mayor Michael Tubbs, former state Sen. Steven Bradford and former state Treasurer Fiona Ma. But that office probably would see even more interest should Harris enter the gubernatorial race. It’s a largely ceremonial position, but one that has served as a launching pad for the governorship. Still, even if Harris does enter the race, Republican political strategist Mike Murphy threw cold water on the idea that she would have an automatic glide path to the governor’s office. “It’s like Hollywood. Nobody knows anything. She’s famous enough to look credible in early polling. That’s all we know for sure,” Murphy said. “Does that predict the future? No. Are there a lot of downsides (to a potential Harris candidacy)? Totally, yes.” ©2024 Los Angeles Times. Visit latimes.com. Distributed by Tribune Content Agency, LLC.
Pantone Colour of the Year is simply scrumptiousMLB Draft Lottery ResultsChandigarh: Punjab has sought Rs 1,000 crore Central assistance to strengthen its police infrastructure and security efforts in the border districts, among a slew of other demands, at a pre-budget meeting with Union Finance Minister Nirmala Sitharaman held in Jaisalmer, an official statement said on Sunday. Industrial incentives similar to those provided to Jammu and Kashmir and the neighbouring hill states were also sought to support the MSMEs in Punjab's border and sub-mountainous regions, a Punjab government statement said on Sunday. Quoting Punjab Finance Minister Harpal Singh Cheema, the statement said the state has strongly raised the demand to restore NABARD's Short-Term Seasonal Agricultural Operations (ST-SAO) limit to Rs 3,041 crore, from the reduced limit of Rs 1,100 crore, for FY 2024-25. Cheema said this restoration is vital to prevent farmers from turning to moneylenders, aligning with the 'Sahakar se Samriddhi' principle. Several states raised this issue which was discussed at length, he added. For road connectivity under PM Gati Shakti in Rajpura, the Punjab government has requested Rs 100 crore to construct a 5.6 km long, 45 mt wide approach road connecting NH-44 to the integrated manufacturing cluster (IMC) in Rajpura. 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Referring to the Vande Bharat train connecting Amritsar with New Delhi, Punjab government requested for a similar train to connect Bathinda, Punjab's agricultural and commercial hub, with the national capital to ensure seamless connectivity for the Malwa region of the state. Cheema also proposed financial support to address crop residue management in Punjab, saying despite providing 1.45 lakh crop residue management (CRM) machines since 2018, high operational costs remain a challenge. The Punjab government has proposed an incentive of Rs 2,500 per acre, with Rs 2,000 per acre from the Centre and Rs 500 per acre from the state, as per the statement. Out of the total estimated cost of Rs 2,000 crore for this initiative, the government of India has been requested to provide Rs 1,600 crore as budgetary support, the statement said. Cheema also requested the Centre for a special budgetary allocation for paddy diversification, saying diversifying cultivation across 10 lakh hectares could result in substantial savings of more than Rs 30,000 crore. The Punjab government has proposed allocating a portion of these savings towards a comprehensive diversification package, Cheema said. For the Pradhan Mantri Awas Yojana (Gramin) scheme, Cheema proposed enhancing the grant from Rs 1.2 lakh to Rs 2.5 lakh per beneficiary to accommodate rising construction costs. The minister also highlighted the need to release pending funds under the National Health Mission (NHM) amounting to Rs 1,119 crore, besides requesting an increase in the honorarium for cook-cum-helpers under the PM Poshan Abhiyaan from Rs 600 to Rs 2,000 per month. Additionally, Punjab sought support for urban transportation, requesting Rs 300 crore for the procurement of 250 electric buses and the installation of charging points. The state also called for reimbursement of procurement costs by the government of India, modernisation of driving licence testing with advanced technology, and reimbursement of pending rural development fee (RDF) amounting to Rs 6,857 crore. Expressing gratitude to Sitharaman for giving Punjab the opportunity to present its suggestions, Cheema said the state's demand for an incentive package to address the unique challenges faced by it, particularly due to its proximity to a hostile border with Pakistan, is crucial to bolster infrastructure and security measures. He also expressed hope that the upcoming Union Budget will act as a catalyst for fostering citizen welfare, driving regional development, and spurring economic growth, the statement said. Nominations for ET MSME Awards are now open. The last day to apply is December 15, 2024. Click here to submit your entry for any one or more of the 22 categories and stand a chance to win a prestigious award. 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