<SEC-DOCUMENT>0001580642-18-004839.txt : 20181005
<SEC-HEADER>0001580642-18-004839.hdr.sgml : 20181005
<ACCEPTANCE-DATETIME>20181005143252
ACCESSION NUMBER:		0001580642-18-004839
CONFORMED SUBMISSION TYPE:	PRE 14A
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20181120
FILED AS OF DATE:		20181005
DATE AS OF CHANGE:		20181005

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Multi-Strategy Growth & Income Fund
		CENTRAL INDEX KEY:			0001523289
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		PRE 14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-22572
		FILM NUMBER:		181110265

	BUSINESS ADDRESS:	
		STREET 1:		80 ARKAY DRIVE
		CITY:			HAUPPAUGE
		STATE:			NY
		ZIP:			11788
		BUSINESS PHONE:		631-470-2600

	MAIL ADDRESS:	
		STREET 1:		80 ARKAY DRIVE
		CITY:			HAUPPAUGE
		STATE:			NY
		ZIP:			11788
</SEC-HEADER>
<DOCUMENT>
<TYPE>PRE 14A
<SEQUENCE>1
<FILENAME>pre14amsgi.htm
<DESCRIPTION>PRE 14A
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
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<BODY>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SCHEDULE 14A INFORMATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Proxy Statement Pursuant to Section 14(a)
of the Securities Exchange Act of 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">Filed
by the Registrant&#9;</FONT><FONT STYLE="font-family: Wingdings">&#253;</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 12pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Filed
by a Party other than the Registrant&#9;</FONT><FONT STYLE="font-family: Wingdings">o</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Check the appropriate box:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Wingdings">&#253;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Preliminary Proxy Statement</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Wingdings">o</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Confidential, for Use of the Commission only (as permitted by Rule
14a-6(e)(2))</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Wingdings">o</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Definitive Proxy Statement</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Wingdings">o</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Definitive Additional Materials</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 24pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Wingdings">o</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Soliciting Material Pursuant to &sect;240.14a-12</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><U>Multi-Strategy Growth &amp; Income Fund</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Name of Registrant as Specified in Its Charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Not Applicable</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">(Name of Person (s) Filing Proxy Statement,
if Other Than the Registrant)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">Payment of Filing Fee (Check the appropriate box):</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 12pt"><FONT STYLE="font-family: Wingdings">&#253;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No
fee required.</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Wingdings">o</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fee
computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">1)</TD><TD>Title of each class of securities to which transaction applies:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">________________________________________________________________________________</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">2)</TD><TD>Aggregate number of securities to which transaction applies:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">________________________________________________________________________________</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">3)</TD><TD>Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (Set forth the amount on
which the filing fee is calculated and state how it was determined):</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">________________________________________________________________________________</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">4)</TD><TD>Proposed maximum aggregate value of transaction:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">________________________________________________________________________________</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">5)</TD><TD>Total fee paid:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in">________________________________________________________________________________</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Wingdings">o</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Fee paid previously with preliminary materials:</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Wingdings">o</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Check box if any part of the fee is offset as provided by Exchange
Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration
statement number, or the Form or Schedule and the date of its filing.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">1)</TD><TD>Amount Previously Paid:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in">________________________________________________________________________________</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">2)</TD><TD>Form, Schedule or Registration Statement No.:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in">________________________________________________________________________________</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">3)</TD><TD>Filing Party:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in">________________________________________________________________________________</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">4)</TD><TD>Date Filed:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in">&#9;________________________________________________________________________________</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Multi-Strategy Growth &amp; Income Fund</B></P>

<P STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Principal Executive Offices</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>80 Arkay Drive </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Hauppauge, NY 11788</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>1-855-601-3841</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>NOTICE OF SPECIAL MEETING OF SHAREHOLDERS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>To Be Held November 20, 2018</B></P>

<P STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Dear Shareholders:</P>

<P STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Board of Trustees of Multi-Strategy Growth
&amp; Income Fund, a continuously offered, diversified, closed-end management investment company operating as an interval fund
organized as a Delaware statutory trust (the &ldquo;Trust&rdquo; or the &ldquo;Fund&rdquo;), has called a special meeting of the
Fund&rsquo;s shareholders, to be held at the offices of Gemini Fund Services, the Trust&rsquo;s administrator, at 80 Arkay Drive,
Hauppauge, NY 11788, on November 20, 2018 at [____] for the following purposes:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Proposals</B></P></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Recommendation of the Board of Trustees</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.</FONT></TD>
    <TD STYLE="width: 69%; border-bottom: Black 1pt solid; border-right: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">To approve a new advisory agreement between Destra Capital Advisors LLC and the Trust.</FONT></TD>
    <TD STYLE="width: 27%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">FOR</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">2.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">To approve a new sub-advisory agreement between Destra Capital Advisors LLC and LCM Investment Management, LLC.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">FOR</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">To elect Nicholas Dalmaso, John S. Emrich, Michael S. Erickson and Jeffrey S. Murphy to the Board of Trustees.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">FOR</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">To approve a change in the Fund&rsquo;s classification from a diversified investment company to a non-diversified investment company. </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">FOR</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">To transact such other business as may properly come before the Meeting or any adjournments or postponements thereof. </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Only shareholders of record at the close of business on [_____],
2018 are entitled to notice of, and to vote at, the special meeting and any adjournments or postponements thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Important Notice Regarding the Availability
of Proxy Materials for the Shareholder Meeting to be Held on November 20, 2018.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>A copy of the Notice of Shareholder Meeting,
the Proxy Statement (including the proposed New Advisory and Sub-Advisory Agreements) and Proxy Voting Ballot are available at
[______].</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">By Order of the Board of Trustees</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Raymond J. Lucia, Jr.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">President</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">[_____], 2018</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>YOUR VOTE IS IMPORTANT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>To assure your representation at the meeting,
please complete, date and sign the enclosed proxy card and return it promptly in the accompanying envelope. You also may vote by
telephone or via the Internet by following the instructions on the enclosed proxy card. Whether or not you plan to attend the meeting
in person, please vote your shares; if you attend the meeting, you may revoke your proxy and vote your shares in person. For more
information or assistance with voting, please call [_______].</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Multi-Strategy Growth &amp; Income Fund</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>with its principal offices at</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>80 Arkay Drive </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Hauppauge, NY 11788</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>1-855-601-3841</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>____________</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>PROXY STATEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>____________</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SPECIAL MEETING OF SHAREHOLDERS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>To Be Held November 20, 2018</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>at [_____]</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">This Proxy Statement is
furnished in connection with the solicitation of proxies by the Board of Trustees (the &ldquo;Board&rdquo; or the &ldquo;Trustees&rdquo;
or the &ldquo;Board of Trustees&rdquo;) of <B>Multi-Strategy Growth &amp; Income Fund</B> (the &ldquo;Trust&rdquo; or the &ldquo;Fund&rdquo;),
for use at the Special Meeting of Shareholders of the Trust (the &ldquo;Meeting&rdquo;) to be held at the offices of Gemini Fund
Services, the Trust&rsquo;s administrator, at 80 Arkay Drive, Hauppauge, NY 11788, on November 20, 2018 at [____] for the following
purposes, and at any and all adjournments or postponements thereof. The Notice of Meeting, Proxy Statement, and accompanying form
of proxy will be mailed to shareholders on or about [___], 2018.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Proposals</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 6%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.</FONT></TD>
    <TD STYLE="width: 94%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">To approve a new advisory agreement between Destra Capital Advisors LLC (the &ldquo;Adviser&rdquo; or &ldquo;Destra&rdquo;) and the Trust.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">To approve a new sub-advisory agreement between Destra and LCM Investment Management, LLC (the &ldquo;Sub-Adviser&rdquo; or &ldquo;LCM&rdquo;).</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">To elect Nicholas Dalmaso, John S. Emrich, Michael S. Erickson and Jeffrey S. Murphy to the Board of Trustees.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">To approve an amendment to the Fund&rsquo;s registration statement to reflect that the Fund is a non-diversified investment company.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">To transact such other business as may properly come before the Meeting or any adjournments or postponements thereof.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Shareholders of record at the close of business
on [______], 2018 (the &ldquo;Record Date&rdquo;) are entitled to notice of, and to vote at, the Meeting and any adjournments or
postponements thereof.</P>

<P STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>The Fund&rsquo;s most
recent semi-annual and annual reports, including financial statements and schedules, are available at no charge by calling 1-855-601-3841
or by visiting www.growthandincomefund.com.</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; background-color: white">Dear Shareholder,<BR>
<BR>
</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; background-color: white">We are excited to announce great
news regarding Multi-Strategy Growth &amp; Income Fund (the &ldquo;Fund&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; background-color: white">Since launching the Fund in 2012,
LCM Investment Management, LLC (&ldquo;LCM&rdquo; or &ldquo;we&rdquo;) have taken great strides toward achieving our goals for
the Fund: to manage a portfolio primarily consisting of alternative investments delivering long-term, risk-adjusted returns non-correlated
to traditional stock and bond investments. Along the way, we both improved our investment process and expanded our team.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; background-color: white">We are now taking the next step
in the evolution of the Fund, and further expanding our team and capabilities by joining forces with Destra Capital Advisors LLC
and its affiliates (&ldquo;Destra&rdquo;). Destra specializes in raising capital and operating funds like the Fund. As of June
30, 2018, Destra has raised more than $5 billion across the nine funds the firm advises, distributes or services. Destra brings
resources, synergies, and new relationships that we believe will greatly benefit the Fund and, ultimately, you (the shareholder).&nbsp;
To effect the new relationship with Destra as anticipated, we need your vote as described in the attached proxy materials. In particular,
the Fund&rsquo;s Board of Trustees recommends that you vote <B>FOR</B> proposals allowing:</P>

<UL STYLE="margin-top: 0in; list-style-type: disc">

<LI STYLE="margin: 0; background-color: white; font: 10pt Times New Roman, Times, Serif">Destra to assume LCM&rsquo;s role as investment
adviser and LCM to become the Fund&rsquo;s sub-adviser primarily responsible for the day-to-day management of the Fund&rsquo;s
portfolio; and</LI>

<LI STYLE="margin: 0; background-color: white; font: 10pt Times New Roman, Times, Serif">The replacement of the Fund&rsquo;s current
Board of Trustees with a new Board of Trustees familiar with Destra and their related funds.</LI>

</UL>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; background-color: white">In addition, to provide more flexibility
in selecting investments for the Fund&rsquo;s investment portfolio, the Fund&rsquo;s Board of Trustees further recommends that
you vote <B>FOR </B>a proposal allowing the Fund to change its status to a &ldquo;non-diversified&rdquo; investment company. As
further described in the attached materials, such a change will allow the Fund to take greater positions in individual investments
than is currently permitted.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; background-color: white">The Fund&rsquo;s current advisory
fee rate will not change as a result of the proposed change in adviser. However, we hope to achieve synergies across several areas
of operating the Fund, which may result in cost savings to our shareholders over time. While LCM will continue to manage the Fund&rsquo;s
investment strategy and portfolio, as it has since inception, we look forward to drawing upon the industry relationships and decades
of experience of both Destra and the new Board of Trustees as we continue to manage a unique, one of a kind portfolio providing
access to institutional-quality alternative investments. As such, we will be changing the name of the Fund to the Destra Alternative
Access Fund.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; background-color: white">Thank you, and please return your
<B>YES</B> proxy vote to all four proposals promptly.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; background-color: white">Regards,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; background-color: white">XXXXX</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><U>PROPOSAL 1</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>APPROVAL OF A NEW ADVISORY AGREEMENT BETWEEN
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>DESTRA AND THE TRUST </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: -40.5pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Background</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Destra is a privately-held
investment advisory firm, based in Chicago, Illinois, that is registered as an investment adviser with the Securities and Exchange
Commission. Destra is a wholly-owned subsidiary of Destra Capital Management LLC, a sponsor of investment funds. Destra provides
investment advice to open-end and closed-end investment companies. As of [____], 2018, the Adviser had approximately $[____] million
in assets under management.</P>

<P STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Fund&rsquo;s current
investment adviser, LCM, has served in such capacity since inception of the Fund, pursuant to a prior advisory agreement with the
Trust and the current advisory agreement with the Trust (the &ldquo;Current Advisory Agreement&rdquo;). In September 2018, LCM
notified the Trust that while LCM desired to continue to manage the Fund&rsquo;s portfolio, LCM believed that it would be in the
best interests of shareholders of the Fund if (i) Destra replaced LCM as the Fund&rsquo;s principal investment adviser and (ii)
LCM served the Fund as its sub-adviser.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Destra and LCM both believe
the proposed change to the Fund&rsquo;s management structure has the potential to (i) expand the Fund&rsquo;s presence in more
distribution channels; (ii) increase its asset base; and (iii) lower operating expenses as a percentage of assets due to the potential
increase in Fund size. LCM, the current investment adviser of the Fund, and Destra both recommend that the proposed change be approved.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">On August 28, 2018, Destra
and LCM entered into a separate agreement (the &ldquo;Asset Purchase Agreement&rdquo;) pursuant to which Destra will acquire certain
assets related to LCM&rsquo;s business of providing investment management services to the Fund (the &ldquo;Business&rdquo;) if
Destra becomes the investment adviser of the Fund pursuant to the Proposed Advisory Agreement (as defined below) and upon receipt
of the necessary approvals of the Proposed Advisory Agreement and satisfaction or waiver of certain other conditions. More specifically,
under the Asset Purchase Agreement, LCM has agreed to transfer to Destra, for a cash payment at the closing of the Asset Transfer
(as defined below), an earnout payment, and subject to certain exceptions: (i) all right, title and interest of LCM in and to all
books and records to the extent used in or relating to the Business; (ii) all goodwill of LCM relating solely to the Business.
Such transfers hereinafter are referred to collectively as the &ldquo;Asset Transfer.&rdquo; Raymond J. Lucia, Jr., a Trustee who
is currently an &ldquo;interested person&rdquo; of the Fund as that term is defined in the Investment Company Act of 1940, as amended
(the &ldquo;1940 Act&rdquo;) (the &ldquo;Interested Trustee&rdquo;) and the Fund&rsquo;s President, will benefit from the Asset
Transfer as a direct majority owner of LCM. None of the Trustees who are not &ldquo;interested persons&rdquo; of the Fund (the
&ldquo;Independent Trustees&rdquo;) as that term is defined in the 1940 Act), the Nominees (as defined below), or their associates
have any interest in the Asset Purchase Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Fund is not a party
to the Asset Purchase Agreement; however, the completion of the Asset Transfer is subject to certain conditions, including shareholder
approval of Proposals 1, 2 and 3 (the &ldquo;Transaction&rdquo;) described in this Proxy Statement. Therefore, if shareholders
do not approve the Proposed Advisory Agreement, the Proposed Sub-Advisory Agreement (as defined below) and elect the Trustee nominees
at the Meeting or if the other conditions in the Asset Purchase Agreement are not satisfied or waived, then the Asset Transfer
will not be completed and the Asset Purchase Agreement will terminate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">As a result, LCM informed
the Trust that LCM would recommend that the Board approve, subject to shareholder approval, (i) the engagement of Destra as adviser
to the Fund pursuant to a new investment advisory agreement (the &ldquo;Proposed Advisory Agreement&rdquo;) and (ii) the engagement
of LCM as the Fund&rsquo;s sub-adviser, pursuant to a new sub-advisory agreement (the &ldquo;Proposed Sub-Advisory Agreement&rdquo;).
The 1940 Act, requires that advisory and sub-advisory agreements be approved by a &ldquo;vote of a majority of the outstanding
securities&rdquo; of the Fund, as that phrase is defined in the 1940 Act. LCM therefore informed the Trust that if shareholder
approval were obtained for the Proposed Advisory and Sub-Advisory Agreements, LCM would recommend termination of the Current Advisory
Agreement concurrent with the effective dates of the Proposed Advisory and Sub-Advisory Agreements and the engagement of LCM as
the Fund&rsquo;s sub-adviser.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">At a meeting on October
2, 2018 (the &ldquo;Board Meeting&rdquo;), the Trustees approved the Proposed Advisory and Sub-Advisory Agreements. At the Board
Meeting, the Trustees also approved the termination of the Current Advisory Agreement, such termination to be concurrent with the
effective dates of the Proposed Advisory and Sub-Advisory Agreements. The effective date of the Proposed Advisory and Sub-Advisory
Agreements would be on/or about December 1, 2018.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">As stated above, the 1940
Act requires that investment advisory agreements such as the Proposed Advisory Agreement and Proposed Sub-Advisory Agreement be
approved by shareholders. Therefore, shareholders are being asked to approve the Proposed Advisory Agreement and Proposed Sub-Advisory
Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The proposed change to
the Fund&rsquo;s management structure will shift management oversight responsibility for the Fund from LCM to Destra. The day-to-day
portfolio management responsibility of the Fund will remain the same, as the Fund&rsquo;s current adviser, LCM, will become the
Fund&rsquo;s sub-adviser, under the supervision of Destra. By engaging Destra as the adviser to the Fund and LCM as the sub-adviser
to the Fund, the Fund will be sub-advised by the same portfolio management team that currently advises the Fund. In particular,
the portfolio managers who are currently primarily responsible for the day-to-day portfolio management of the Fund will continue
to manage the Fund.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">As noted above, Destra
and LCM believe that the proposed change to the Fund&rsquo;s management structure has the potential to (i) expand the Fund&rsquo;s
presence in more distribution channels via Destra&rsquo;s industry presence; (ii) increase the Fund&rsquo;s asset base; and (iii)
lower operating expenses as a percentage of assets due to the potential increase in Fund size. Furthermore, Destra offers a strong
commitment to and record of regulatory and legal compliance in its registered funds.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>The Advisory Agreements</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The following chart provides
a comparison of material terms of the Current Advisory Agreement and the Proposed Advisory Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 12pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%; border: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Term</B></FONT></TD>
    <TD STYLE="width: 41%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Current Advisory Agreement</B></FONT></TD>
    <TD STYLE="width: 44%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Proposed Advisory Agreement</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Parties</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">LCM and the Trust</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Destra and the Trust</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Advisory Fee</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.35% of the Fund&rsquo;s average daily net assets</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Same</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Effective Date</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">August 4, 2017</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Upon shareholder approval and on/or about December
        1, 2018.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Duration</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Initial term of two years</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Same</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Renewal Provisions</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">May be continued for additional one year periods,
        so long as its continuance is approved at least annually by (i) the Board or (ii) a vote of a majority of the outstanding voting
        securities of the Fund, provided that in either event continuance is also approved by a majority of the trustees who are not &ldquo;interested
        persons&rdquo; of the Trust as that term is defined in the 1940 Act (&ldquo;Independent Trustees&rdquo;), by a vote cast in person
        at a meeting called for the purpose of voting such approval.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Same</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Appointment of Sub-Advisers</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Authorizes the adviser to appoint investment
        sub-advisers</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Same</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%; border: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Termination Provisions</FONT></TD>
    <TD STYLE="width: 41%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Automatically terminates upon assignment; and
        it may be terminated upon 60 days&rsquo; notice </P></TD>
    <TD STYLE="width: 44%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Same</FONT></TD></TR>
</TABLE>

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<P STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; margin: 0 0 10pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 12pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%; border: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 41%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">by the adviser, by the Board or by a vote of a majority of outstanding securities
        of the Fund.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="width: 44%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Duties of Adviser</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">LCM shall act as the investment adviser to
        the Fund and, as such, shall (i) formulate a continuing program for the investment of the assets of the Fund in a manner consistent
        with its investment objective(s), policies and restrictions, and (ii) determine from time to time securities to be purchased, sold,
        retained or lent by the Fund, and implement those decisions, including the selection of entities with or through which such purchases,
        sales or loans are to be effected.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Fund employs Destra to furnish and manage a continuous investment program for the Fund.&nbsp;&nbsp;Destra will continuously review, supervise and (where appropriate) administer the investment program of the Fund, to (i) determine in its discretion (where appropriate) the securities to be purchased, held, sold or exchanged, (ii) provide the Fund with records concerning Destra&rsquo;s activities which the Fund is required to maintain and (iii) render regular reports to the Fund&rsquo;s officers and Trustees concerning Destra&rsquo;s discharge of the foregoing responsibilities.&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Expenses Borne by Adviser</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">LCM shall pay all salaries, expenses and fees
        of the officers, Trustees and employees of the Trust who are officers, directors, members or employees of LCM.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">With respect to the operation of the Fund,
        Destra shall be responsible for (i) providing the personnel, office space and equipment reasonably necessary to perform its obligations
        hereunder; (ii) the expenses of printing and distributing extra copies of the Fund&rsquo;s prospectus, statement of additional
        information, and sales and advertising materials (but not the legal, auditing or accounting fees attendant thereto) to prospective
        investors (but not to existing shareholders) to the extent such expenses are not covered by any applicable plan adopted pursuant
        to Rule 12b-1 under the 1940 Act or pursuant to, or as a condition of multiple-class exemptive relief obtained from the Securities
        and Exchange Commission; (iii)&nbsp;the costs of any special Board meetings or shareholder meetings convened for the primary benefit
        of Destra and attendance at required annual Board meeting; (iv) the costs associated with any supplements to the Fund&rsquo;s registration
        statement created at Destra&rsquo;s request; and (v) any costs of liquidating or reorganizing the Fund (unless such cost is otherwise
        allocated by the Board).</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Expenses Borne by Fund</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Fund shall bear all expenses of its operations,
        except those specifically allocated to LCM under the advisory agreement or under any separate agreement between the Trust and LCM.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Fund is responsible for and has assumed the obligation for payment of all of its expenses, other than as specifically allocated to Destra under the advisory agreement. </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%; border: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Limitations on Adviser Liability</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="width: 41%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 12pt Calibri, Helvetica, Sans-Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">LCM shall not be liable for any error of judgment or mistake of law or for any loss suffered by the Fund in connection with the performance of the advisory agreement, except a loss resulting from a breach of fiduciary duty </FONT></TD>
    <TD STYLE="width: 44%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In the absence of willful misfeasance, gross
        negligence or reckless disregard of its obligations to the Fund, Destra and any partner, director, officer or employee of Destra,
        or any of their affiliates, executors, heirs, assigns, </P></TD></TR>
</TABLE>

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<P STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; margin: 0 0 10pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%; border: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="width: 41%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 12pt Calibri, Helvetica, Sans-Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">with respect to the receipt of compensation for services or a loss resulting from willful misfeasance, bad faith or gross negligence on the part of LCM in the performance of its duties or from reckless disregard by it of its obligations and duties under the advisory agreement.</FONT></TD>
    <TD STYLE="width: 44%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">successors or other legal representatives, will not be liable for any error
        of judgment, mistake of law or for any act or omission by the person in connection with the performance of services to the Fund,
        except as may otherwise be provided under provisions of applicable state law or Federal securities law which cannot be waived or
        modified.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Indemnification Obligations of Fund</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 12pt Calibri, Helvetica, Sans-Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">None</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Fund shall indemnify, to the fullest extent
        permitted by law, Destra, or any member, manager, officer or employee of Destra, and any of their affiliates, executors, heirs,
        assigns, successors or other legal representatives, against any liability or expense to which the person may be liable that arises
        in connection with the performance of services to the Fund, so long as the liability or expense is not incurred by reason of the
        person&rsquo;s willful misfeasance, gross negligence or reckless disregard of its obligations to the Fund.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Current Advisory Agreement
was submitted to a vote of the Fund&rsquo;s shareholders on August 4, 2017 due to a proposed change in fee structure, became effective
on August 4, 2017, and was most recently renewed by the Board on October 2, 2018.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">As stated above, under
the terms of the Current Advisory Agreement and the Proposed Advisory Agreement, the adviser is entitled to receive an annual fee
from the Fund equal to 1.35% of the Fund&rsquo;s average daily net assets. For the fiscal year ended February 28, 2018, LCM earned
$2,222,113 in management fees under the Current Advisory Agreement, of which $386,639 was waived pursuant to an expense limitation
agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Proposed Advisory Agreement
is attached as Exhibit A. You should read the Proposed Advisory Agreement. The description in this Proxy Statement of the Proposed
Advisory Agreement is only a summary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">If the Proposed Advisory
Agreement is approved, Destra and the Fund will enter into an expense limitation agreement (the &ldquo;Proposed Expense Limitation
Agreement&rdquo;) under which, for a term of two years from the effective date of the Proposed Advisory Agreement, Destra would
reduce its fees and/or absorb expenses of the Fund to ensure that total fund operating expenses after fee waiver and/or reimbursement
(excluding any front-end or contingent deferred loads, brokerage fees and commissions, acquired fund fees and expenses, fees and
expenses associated with instruments in other collective investment vehicles or derivative instruments (including, for example,
options and swap fees and expenses), borrowing costs (such as interest and dividend expense on securities sold short), taxes and
extraordinary expenses, such as litigation expenses (which may include indemnification of Fund officers and Trustees and contractual
indemnification of Fund service providers (other than Destra)) will not exceed 1.95% of Class A shares&rsquo; net assets, 2.45%
of Class L shares&rsquo; net assets, 2.70% of Class C shares&rsquo; net assets, and 1.70% of Class I shares&rsquo; net assets.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Change in Fund Name</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">If the Proposed Advisory
Agreement is approved, the name of the Fund will change to Destra Alternative Access Fund.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Information Concerning Destra</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Destra is a limited liability
company organized under the laws of the State of Delaware and located at 444 West Lake Street, Suite 1700, Chicago, IL 60606. The
names, titles, addresses and principal occupations of the principal executive officers of Destra are set forth below:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 30%; border: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Name and Address*</B></FONT></TD>
    <TD STYLE="width: 36%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Title:</B></FONT></TD>
    <TD STYLE="width: 34%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Principal Occupation:</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Dominic C. Martellaro</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief Executive Officer</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief Executive Officer</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Robert Watson</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">President</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">President</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Myles R. Blechner</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief Compliance Officer</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief Compliance Officer</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>* </B>The address of each director and principal
executive officer is 444 West Lake Street, Suite 1700, Chicago, IL 60606.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Destra is a wholly-owned
subsidiary of Destra Capital Management LLC, and Continuum Funds Holdings, LLC (&ldquo;Continuum&rdquo;) owns more than 75% of
the outstanding voting securities of Destra Capital Management, LLC. Destra Capital Management LLC is a limited liability company
organized under the laws of the State of Delaware and is located at 444 West Lake Street, Suite 1700, Chicago, IL 60606. Continuum
is a limited liability company organized under the laws of the State of Delaware. Continuum is an affiliate of Continuum Capital
Managers LLC, a multi-boutique asset manager that makes equity investments in investment advisers. Continuum Capital Managers LLC
was founded in 2012 by Douglas Grip and Steve Vanourny and along with Continuum is located at 7 Beard Way, Wellesley, MA 02482.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">During the last fiscal
year, there were no brokerage commissions paid by the Fund to affiliated brokers of Destra. None of the Trustees or officers of
the Fund have an interest in Destra.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Destra currently serves
as adviser to the Destra International &amp; Event-Driven Credit Fund (the &ldquo;Credit Fund&rdquo;), a closed-end management
investment company that operates as an interval fund with an investment objective similar to the Fund&rsquo;s. For the services
Destra provides to the Credit Fund, Destra receives a management fee calculated at 1.75% of the Credit Fund&rsquo;s average daily
&ldquo;Managed Assets.&rdquo; &ldquo;Managed Assets&rdquo; equals the total assets of the Credit Fund (including any assets attributable
to money borrowed for investment purposes) minus the sum of the Credit Fund&rsquo;s accrued liabilities (other than money borrowed
for investment purposes).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Destra and the Credit Fund
have entered into an expense limitation and reimbursement agreement under which Destra has agreed, until at least May 9, 2019,
to waive its management fee and/or pay, on a quarterly basis, the &ldquo;ordinary operating expenses&rdquo; (as defined below)
of the Fund to the extent that such expenses exceed 2.25% per annum of the Fund&rsquo;s average daily Managed Assets. &ldquo;Ordinary
operating expenses&rdquo; consist of all ordinary expenses of the Credit Fund, including investment management fees, administration
fees, transfer agent fees, organization and offering expenses, fees paid to the Credit Fund&rsquo;s trustees, administrative services
expenses, and related costs associated with legal, regulatory compliance and investor relations, but excluding the following: (a)
portfolio transaction and other investment-related costs (including brokerage commissions, dealer and underwriter spreads, commitment
fees on leverage facilities), prime broker fees and expenses, and dividend expenses related to short sales), (b)&nbsp;interest
expense and other financing costs, (c) taxes, (d) shareholder service fees, if any, and (e) extraordinary expenses.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">As of June 30, 2018, the
Credit Fund&rsquo;s net assets totaled approximately $24,744,370. The Credit Fund commenced operations on May 9, 2018.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Evaluation by the Board of Trustees (Advisory
Agreement)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">At a meeting held on October
2, 2018, the Board, including a majority of the Independent Trustees, considered the approval of the Proposed Advisory Agreement.
In considering the approval of the Proposed Advisory Agreement, the Trustees received materials specifically relating to the Proposed
Advisory Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Trustees considered
the following material factors during their deliberations: (1) the nature, extent and quality of services to be provided by the
Adviser; (2) the investment performance of the Fund and the Adviser; (3) the cost of services to be provided and the profits to
be realized by the Adviser and its affiliates; (4) the extent to</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">which economies of scale will be realized as
the Fund grows; and (5) whether the fee levels reflect these economies of scale for the benefit of investors. The Trustees relied
upon the advice of counsel and their own business judgment in determining the before-mentioned material factors to be considered
in evaluating the Proposed Advisory Agreement and the weight to be given to each factor considered. The conclusions reached by
the Trustees were based on a comprehensive evaluation of all of the information provided and were not the result of any one factor.
Moreover, each Trustee may have afforded different weight to the various factors in reaching his or her conclusions with respect
to the approval of the Proposed Advisory Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><I>Nature, Extent and Quality of Service.</I>
In evaluating whether to approve the Proposed Advisory Agreement, the Board considered the nature, extent and quality of services
to be provided under the agreement. They noted that the Adviser currently served as the investment adviser to three registered
investment companies, including an interval fund like the Fund, and they observed that the Adviser&rsquo;s personnel have significant
experience in investment company management. The Board evaluated the compliance program developed by the Adviser, including the
background and experience of compliance personnel. The Board noted the Adviser&rsquo;s intention to make no changes to the Fund&rsquo;s
investment objectives or strategy. In light of the Fund&rsquo;s investment strategy, the Board also reviewed the Adviser&rsquo;s
fair valuation policies and procedures. In addition to the proposed advisory services, the Board also considered that the Adviser
intended to engage LCM, the Fund&rsquo;s current adviser, as the Fund&rsquo;s sub-adviser responsible for all trading, portfolio
construction and investment operations, noting that it was anticipated that the LCM personnel currently responsible for managing
the Fund&rsquo;s portfolio would continue to manage the Fund on behalf of the proposed sub-adviser. The Board considered the Adviser&rsquo;s
oversight process, noting that the firm intended to regularly engage with the Fund, the portfolio, and the sub-adviser, monitor
compliance and portfolio construction on a daily basis, and conduct regular reviews of the sub-adviser. The Board concluded it
was comfortable that the Adviser had the capabilities and resources to oversee the operations of the Fund. Based on their review,
the Trustees concluded that, overall, the nature, extent and quality of services expected to be provided to the Fund were satisfactory.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><I>Performance.</I> The Board considered the
Adviser&rsquo;s investment philosophy and experience and its history in managing investment companies, and it reviewed performance
history of other funds managed by the Adviser, noting that they had shown generally positive returns and favorable Morningstar
ratings. The Board also considered that the Adviser will delegate responsibility for the day-to-day management of the Fund to LCM,
and LCM would continue to manage the Fund in the same manner once engaged as the Fund&rsquo;s sub-adviser.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Fees and Expenses. The Trustees reviewed information regarding fees
charged by advisers to a peer group of funds with investment objectives and strategies comparable to the Fund&rsquo;s. The Trustees
remarked that the proposed advisory fee of 1.35% was equal to the Fund&rsquo;s current advisory fee and was slightly less was less
than the peer group average. The Trustees remarked that the proposed advisory fee, while higher than the US Closed-end Multialternative
Morningstar category average, was still well within the range of fees charged by funds in that category. The Trustees also considered
that the Adviser had agreed to maintain the Fund&rsquo;s current expense limitations of 1.95% of Class A shares&rsquo; net assets,
2.45% of Class L shares&rsquo; net assets, 2.70% of Class C shares&rsquo; net assets and 1.70% of Class I shares&rsquo; net assets.
After further discussion, the Board concluded that the proposed advisory fee of 1.35% remained competitive and reasonable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><I>Economies of Scale.</I> The Trustees considered
whether the Adviser will realize economies of scale with respect to the management of the Fund. The Trustees agreed that while
meaningful economies of scale had not yet been reached, they would continue to monitor Fund growth and evaluate the appropriateness
of breakpoints in the advisory fee as Fund assets increase.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><I>Profitability.</I> The Trustees considered
the projected profits by the Adviser in connection with the operation of the Fund for the first two years under the Proposed Advisory
Agreement and whether the amount of profit would be a fair entrepreneurial profit for the management of the Fund. The Trustees
noted that the Adviser expected to receive a reasonable profit both in terms of percentage of revenue and dollar amount over both
years. The Board concluded that the Adviser&rsquo;s estimated level of profitability from its relationship with the Fund was not
excessive.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><I>15(f) Considerations.</I> The Trustees noted
that section 15(f) of the 1940 Act provides a safe harbor to investment advisers who may receive compensation or benefits in connection
with the sale of securities or a sale of any other interest in the investment adviser, which results in an assignment of an investment
advisory contract. They further noted that the safe harbor is conditioned on the following: (i) for a period of three years after
the time of such</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">sale, at least 75% of the board of trustees are not (a) interested
persons of the investment adviser, as the term is defined in the 1940 Act, and (b) there is not imposed an unfair burden as a result
of the sale. They considered that although LCM is not directly selling any interests in LCM to the Adviser, LCM and the Adviser
have entered into a purchase agreement whereby LCM will receive compensation from Destra if Destra is retained as adviser to the
Fund. They noted that it was anticipated that after the Transaction, at least 75% of the Board of Trustees of the Fund would be
independent. They also considered whether the retention of the Adviser will impose an unfair burden on the Fund&rsquo;s shareholders.
After discussion, they concluded that the retention of the Adviser was unlikely to impose an unfair burden on the Fund&rsquo;s
shareholders because after the Transaction, none of the Adviser, LCM, or any of their affiliates would be entitled to receive any
compensation directly or indirectly (i) from any person in connection with the purchase or sale of securities or other property
to, from, or on behalf of the Fund, or (ii) from the Fund for other than bona fide investment advisory or other services.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><I>Conclusion.</I> Having requested and received
such information from the Adviser as the Board believed to be reasonably necessary to evaluate the terms of the Proposed Advisory
Agreement, and as assisted by the advice of counsel, the Board concluded that the advisory fee is reasonable and that approval
of the Proposed Advisory Agreement is in the best interests of the shareholders of the Fund.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>The Board, including the Independent
Trustees, recommends that shareholders of the Fund vote &ldquo;<U>FOR</U>&rdquo; approval of the Proposed Advisory Agreement.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">The effective date of the Proposed Advisory Agreement would
be on/or about December 1, 2018.<BR STYLE="clear: both">
</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><U>PROPOSAL 2</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>APPROVAL OF A NEW SUB-ADVISORY AGREEMENT
BETWEEN </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>DESTRA AND LCM </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: -40.5pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Background</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The primary purpose of
this proposal is to enable LCM to serve as the investment sub-adviser to the Fund. As stated above in Proposal 1, while LCM serves
as the Fund&rsquo;s current investment adviser, in September 2018, LCM notified the Trust that while LCM desired to continue to
manage the Fund&rsquo;s portfolio, LCM believed that it would be in the best interests of Fund shareholders if (i) Destra replaced
LCM as the Fund&rsquo;s principal investment adviser and (ii) LCM served the Fund as its sub-adviser. Further details regarding
the benefits to shareholders, as well as to LCM, anticipated to come from this change in advisory structure caused by the Asset
Transfer may be found above under the section entitled &ldquo;Background&rdquo; in Proposal 1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">As stated above, the 1940
Act requires that investment advisory agreements such as the Proposed Sub-Advisory Agreement be approved by shareholders. Therefore,
shareholders are being asked to approve the Proposed Sub-Advisory Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">As noted under Proposal
1, the Fund is not a party to the Asset Purchase Agreement; however, the completion of the Asset Transfer is subject to certain
conditions, including shareholder approval of the Transaction. Therefore, if shareholders do not approve the Proposed Advisory
Agreement, the Proposed Sub-Advisory Agreement and elect the Trustee nominees at the Meeting or if the other conditions in the
Asset Purchase Agreement are not satisfied or waived, then the Asset Transfer will not be completed and the Asset Purchase Agreement
will terminate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The effective date of the
Sub-Advisory Agreement would be on/or about December 1, 2018.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>The Proposed Sub-Advisory Agreement</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><I>Fees.</I> Under the
terms of the Proposed Sub-Advisory Agreement, LCM is entitled to receive an annual fee from Destra equal to 50% of the net revenue
received by Destra after any fee waivers, subject to a maximum of 0.675% of the Fund&rsquo;s average daily net assets.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><I>Services.</I> For such
compensation, LCM, shall, subject to the supervision and oversight of Destra, manage the investment and reinvestment of such portion
of the assets of the Fund as Destra may from time to time allocate to the Sub-Adviser for management.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><I>Term, Continuance and
Termination.</I> The Proposed Sub-Advisory Agreement:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">1.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">provides that it will continue in force for an initial period of
two years, and from year to year thereafter, but only so long as its continuance is approved at least annually by (i) the Board
or (ii) a vote of a majority of the outstanding voting securities of the Fund, provided that in either event continuance is also
approved by a majority of the Independent Trustees, by a vote cast in person at a meeting called for the purpose of voting such
approval;</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">2.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">automatically terminates on assignment; and</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">3.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">may be terminated upon 60 days&rsquo; notice by the Trust, Sub-Adviser
or the Adviser. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><I>Limitation on Liability</I>.
The Proposed Sub-Advisory Agreement provides that LCM shall not be subject to any liability in connection with the performance
of its services thereunder in the absence of willful misconduct, bad faith, gross negligence or reckless disregard of its obligations
and duties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">For more complete information
and for all of the provisions of the Proposed Sub-Advisory Agreement, please refer to the form of the Proposed Sub-Advisory Agreement,
which is attached to this Proxy Statement as</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Exhibit B. You should read the Proposed Sub-Advisory
Agreement. The description in this Proxy Statement of the Proposed Sub-Advisory Agreement is only a summary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><B>Information Concerning LCM</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">LCM is a limited liability
company organized under the laws of the State of California and located at 13520 Evening Creek Drive N., Suite 300, San Diego,
California 92128. LCM is registered with the SEC as an investment adviser under the Investment Advisers Act of 1940, as amended.
LCM is owned and controlled by Raymond Lucia, Jr. and Joseph P. Lucia. LCM does not manage any other funds with principal investment
strategies or objectives similar to those of the Fund.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The names, titles, addresses
and principal occupations of the principal executive officers of LCM are set forth below:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 12pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 24%; border: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Name and Address</B><SUP>(1<B>)</B></SUP></FONT></TD>
    <TD STYLE="width: 24%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Title</B></FONT></TD>
    <TD STYLE="width: 52%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Principal Occupation</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Raymond J. Lucia, Jr. <SUP>(2)</SUP></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief Executive Officer</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief Executive Officer of Lucia Capital Group, LLC</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Joseph P. Lucia</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">President</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">President of Lucia Wealth Services, LLC</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mitchell S. Avnet</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief Compliance Officer</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief Compliance Officer of LCM</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mark C. Scalzo</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief Investment Officer</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief Investment Officer of LCM</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(1) The address of each officer is 13520 Evening
Creek Drive N., Suite 300, San Diego, CA 92128.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(2) Mr.&nbsp;Raymond J. Lucia, Jr. also serves
as Interested Trustee and President of the Fund, and has done so since 2011.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Affiliate Fees</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Lucia Securities, Inc.
(&ldquo;Lucia Securities&rdquo;) is a FINRA registered broker-dealer, is an affiliate of LCM, and provides wholesaling services
to the Fund. Lucia Securities is an affiliate of LCM because both entities are under the common control of Raymond J. Lucia, Jr.
The following table shows brokerage commissions and placement fees paid to Lucia Securities during the last five fiscal years ended
February 28.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 12pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse">
<TR>
    <TD STYLE="width: 20%; border: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2014</B></FONT></TD>
    <TD STYLE="width: 20%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2015</B></FONT></TD>
    <TD STYLE="width: 20%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2016</B></FONT></TD>
    <TD STYLE="width: 20%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2017</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 20%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2018</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$433,650</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$76,277</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$85,816</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$14,726</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$[____]</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Evaluation by the Board of Trustees</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">At a meeting held on October
2, 2018, the Board, including a majority of the Independent Trustees, considered the approval of the Proposed Sub-Advisory Agreement.
In considering the approval of the Proposed Sub-Advisory Agreement, the Trustees received materials specifically relating to the
Proposed Sub-Advisory Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Trustees considered
the following material factors during their deliberations: (1) the nature, extent and quality of services to be provided by the
Sub-Adviser; (2) the investment performance of the Fund and the Sub-Adviser; (3) the cost of services to be provided and the profits
to be realized by the Sub-Adviser and its affiliates; (4) the extent to which economies of scale will be realized as the Fund grows;
and (5) whether the fee levels reflect these economies of scale for the benefit of investors. The Trustees relied upon the advice
of counsel and their own business judgment in determining the before-mentioned material factors to be considered in evaluating
the Proposed Sub-Advisory Agreement and the weight to be given to each factor considered. The conclusions reached by the Trustees
were based on a comprehensive evaluation of all of the information provided and were not the result of any one factor. Moreover,
each Trustee may have afforded different weight to the various factors in reaching his or her conclusions with respect to the approval
of the Proposed Sub-Advisory Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><I>Nature, Extent and Quality of Service.</I>
The Trustees examined the nature, extent and quality of the services to be provided by the Sub-Adviser to the Fund. The Trustees
noted their familiarity with LCM and its personnel because the firm currently served the Fund as its adviser. The Trustees expressed
satisfaction with the overall historical management of the Fund, as well as with the continued evolution and growth of LCM&rsquo;s
management team and investment process. The Trustees discussed the strategy of the Fund and its key risks, and they expressed the</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">opinion that LCM is managing portfolio risks well. The Trustees
discussed historical enhancements that LCM had made to its team and its portfolio management processes. The Trustees also discussed
in detail the Sub-Adviser&rsquo;s research processes, noting that the firm thoroughly analyzed sponsor and manager capabilities
and evaluated the quality of the underlying portfolios. They also evaluated LCM&rsquo;s proprietary multi-stage, multi-factor framework
for selecting, evaluating and monitoring investment opportunities across different sectors and expressed their satisfaction with
that process. The Trustees noted the Sub-Adviser had reported no material compliance incidents, litigation or administrative actions
over the period in question. Overall, it was the consensus of the Trustees that they were satisfied with the nature, extent and
quality of the services provided to the Fund by LCM and anticipated that Fund shareholders would continue to receive the same quality
of services from LCM when the firm was engaged as the Fund&rsquo;s sub-adviser.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><I>Performance.</I> The Trustees considered the Fund&rsquo;s past
performance and the Fund&rsquo;s investment objective of seeking returns from capital appreciation and income, with an emphasis
on the generation of income. The Trustees also reviewed the Fund&rsquo;s investment policy of maintaining a core allocation to
alternative assets. The Trustees noted their satisfaction with the fact that the Fund had delivered positive annualized returns
on a since-inception basis while simultaneously exhibiting lower overall risk metrics versus the S&amp;P 500 Total Return Index
over that period. They further noted that while the Fund underperformed the peer group over the past year, the Fund had substantially
outperformed the Morningstar U.S. Closed-end Category average over the same time period. They also observed that the Fund&rsquo;s
performance had been consistent with that of the peer group over the since inception time period. The Trustees noted that, since
inception, consistent with the Fund&rsquo;s stated strategy, the Fund&rsquo;s performance was regularly between the returns of
the Barclays US Aggregate Bond Index and the S&amp;P 500 Total Return Index. The Trustees concluded that overall, the Fund was
performing in line with its goals and objectives across a variety of market environments, and they agreed that the Fund&rsquo;s
performance was satisfactory.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Fees and Expenses. The Trustees considered the proposed sub-advisory
fee, noting that the contractual amount was equal to 50% of the net advisory fee earned by the Adviser. They observed that the
sub-advisory fee would be paid by the Adviser, not the Fund, and concluded that the proposed sub-advisory fee was not unreasonable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><I>Economies of Scale.</I> The Trustees considered
whether the Sub-adviser will experience economies of scale with respect to the managing of the Fund. The Trustees agreed that this
was primarily an adviser level issue and should be considered with respect to the overall advisory contract, taking into consideration
the impact of the sub-advisory expense. After discussion, it was the consensus of the Trustees that a lack of breakpoints was acceptable
and the shareholders will benefit from lower overall expenses as the Fund grows.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><I>Profitability.</I> The Trustees considered
the anticipated profits to be realized by the Sub-Adviser in connection with its relationship with the Fund and whether the amount
of profit is a fair entrepreneurial profit with respect to the sub-advisory services to be provided to the Fund. The Trustees noted
that the Sub-Adviser estimates realizing a loss during its first year of engagement as sub-adviser and only a slight profit during
the second year of such engagement. The Trustees considered the quality of services anticipated to be provided by the Sub-Adviser,
and they concluded the anticipated level of profit was not excessive.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><I>15(f) Considerations.</I> The Trustees noted
that section 15(f) of the 1940 Act provides a safe harbor to investment advisers who may receive compensation or benefits in connection
with the sale of securities or a sale of any other interest in the investment adviser, which results in an assignment of an investment
advisory contract. They further noted that the safe harbor is conditioned on the following: (i) for a period of three years after
the time of such sale, at least 75% of the board of trustees are not (a) interested persons of the investment, as the term is defined
in the 1940 Act, and (b) there is not imposed an unfair burden as a result of the sale. They considered that although LCM is not
directly selling any interests in LCM to the Adviser, LCM and the Adviser have entered into a purchase agreement whereby LCM will
receive compensation from Destra if Destra is retained as adviser to the Fund. They noted that it was anticipated that after the
Transaction, at least 75% of the Board of Trustees of the Fund would be independent. They also considered whether the retention
of the Sub-Adviser will impose an unfair burden on the Fund&rsquo;s shareholders. After discussion, they concluded that the retention
of LCM was unlikely to impose an unfair burden on the Fund&rsquo;s shareholders because after the Transaction, none of the Adviser,
LCM, or any of their affiliates would be entitled to receive any compensation directly or indirectly (i) from any person in connection
with the purchase or sale of securities or other property to, from, or on behalf of the Fund, or (ii) from the Fund for other than
bona fide investment advisory or other services.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><I>Conclusion</I>. Having
requested and received such information from the Sub-Adviser as the Board believed to be reasonably necessary to evaluate the terms
of the Proposed Sub-Advisory Agreement, and as assisted by the advice of counsel, the Board concluded that the advisory fee is
reasonable and that approval of the Proposed Sub-Advisory Agreement is in the best interests of the shareholders of the Fund.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B><I>The Board, including the Independent
Trustees, recommends that shareholders of the Fund vote &ldquo;<U>FOR</U>&rdquo; approval of the Proposed Sub-Advisory Agreement.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">The effective date of the Proposed Sub-Advisory Agreement
would be on/or about December 1, 2018.<BR STYLE="clear: both">
</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><U>PROPOSAL 3</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: -40.3pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Approval
of Election of </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>NICHOLAS
DALMASO, John S. Emrich, Michael S. Erickson and Jeffrey S. Murphy </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>to
the Board of Trustees</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">In this proposal, shareholders
of the Fund are being asked to elect John S. Emrich, Michael S. Erickson, Jeffrey S. Murphy and Nicholas Dalmaso (each, a &ldquo;Nominee&rdquo;)
to the Board of Trustees of the Trust. Each Nominee has agreed to serve on the Board of Trustees for an indefinite term.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">As noted under Proposal
1, the Fund is not a party to the Asset Purchase Agreement; however, the completion of the Asset Transfer is subject to certain
conditions, including shareholder approval of the Transaction. Therefore, if shareholders do not approve the Proposed Advisory
Agreement, the Proposed Sub-Advisory Agreement and elect the Trustee nominees at the Meeting or if the other conditions in the
Asset Purchase Agreement are not satisfied or waived, then the Asset Transfer will not be completed and the Asset Purchase Agreement
will terminate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">During a meeting held on
October 2, 2018, the current Board, in reviewing the Proposed Advisory Agreement and Proposed Sub-Advisory Agreement, noted that
the Fund would likely undergo changes in its operations, insofar as various functions will be performed by different organizations
and personnel, were the Transaction to be completed. In this context, each Nominee was nominated for election to the Board by Darlene
DeRemer, John Frager, and Mark Riedy, each of whom is an Independent Trustee, serving as an ad hoc nominating committee, and the
Board, including the Independent Trustees, unanimously determined to submit each Nominee to the Fund&rsquo;s shareholders for election.
The current Board noted these factors as consistent with good governance and that the transition to the Nominees was not likely
to adversely affect the Fund. If the Nominees are elected by shareholders, (i) Mr. Emrich, Mr. Erickson and Mr. Murphy will be
considered Independent Trustees; (ii) Mr. Dalmaso will be considered a Trustee who is an &ldquo;interested person&rdquo; as that
term is defined in the 1940 Act, due to his affiliation with the Adviser, as further discussed below; (iii) all of the current
Trustees (Raymond J. Lucia, Jr., Mark J. Riedy, Ira J. Miller, John D. Frager and Darlene T. DeRemer) will cease to be Trustees.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Information about the Nominees</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Below is information about
each Nominee and the attributes that qualify each to serve as a Trustee. The information provided below is not all-inclusive. Many
Trustee attributes involve intangible elements, such as intelligence, work ethic and the willingness to work together, as well
as the ability to communicate effectively, exercise judgment, ask incisive questions, manage people and problems, and develop solutions.
The Board does not believe any one factor is determinative in assessing a Trustee&rsquo;s qualifications.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Board believes each
Nominee possesses experiences, qualifications, and skills valuable to the Fund. Each Nominee has substantial business experience,
effective leadership skills and an ability to critically review, evaluate and assess information.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><I>John S. Emrich. </I>Mr.
Emrich has significant experience in the investment management and financial services industry. Mr. Emrich served as a financial
analyst or portfolio manager for over 14 years for various investment advisory firms and currently serves as a director of the
Meridian Fund, Inc. Prior to such positions he also performed business valuations and appraisal analyses at KPMG Peat Marwick,
an accounting firm. Mr. Emrich currently serves as a trustee to the Destra Fund Complex, including the Credit Fund.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><I>Michael S. Erickson.
</I>Mr. Erickson has significant leadership and financial management experience. He holds a Master of Business Administration degree
from Stanford Graduate School of Business. In addition to becoming a certified public accountant while employed by Coopers &amp;
Lybrand, he was an investment analyst and portfolio manager for Aster Investment Management for seven years and served as the Chief
Financial Officer for AeroAstro, Inc., an aerospace manufacturing company, for six years. Mr. Erickson assisted with the formation
of the Meridian Growth Fund and has considerable leadership experience having served on the boards of AeroAstro, Argus Software,
and Decimal (an IRA administrator). He presently serves on the boards of the Meridian Fund, the Destra Fund complex, including
the Credit Fund. Mr. Erickson also is the Chief Financial Officer of two family-</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">owned real estate-related companies, Erickson
Holding Corp. and McGee Island, LLC, and serves on the board of the McGee Island, LLC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><I>Jeffery S. Murphy. </I>Mr.
Murphy has significant experience in the investment management and financial services industry. Mr. Murphy held numerous positions
during his 20-year tenure at Affiliated Managers Group, Inc., including in operations, finance and capital development areas. Mr.
Murphy also held positions on the executive board and mutual fund board of trustees for several Affiliated Managers Group, Inc.
affiliates. Mr. Murphy also currently serves as a trustee to Destra Fund complex, including the Credit Fund.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><I>Nicholas Dalmaso. </I>Mr.
Dalmaso was the initial trustee of the Credit Fund and continues to serve on the Board of the Destra Fund complex, including the
Credit Fund. He has experience as General Counsel and Chief Administrative Officer at Claymore Securities, Inc. His extensive work
experience in the mutual fund industry and educational background have prepared him to be a Trustee.</P>

<P STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Additional information about each Nominee is
set forth in the following table:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 12pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 16%; border: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Name, Address* and Age</B></FONT></TD>
    <TD STYLE="width: 14%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Position and Term of Office**</B></FONT></TD>
    <TD STYLE="width: 34%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Principal Occupation During the Past Five Years</B></FONT></TD>
    <TD STYLE="width: 18%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Number of Portfolios in the Fund Complex*** to be Overseen by Nominee</B></FONT></TD>
    <TD STYLE="width: 18%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Other Directorships Held by Nominee During the Last 5 Years </B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="5" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><I>&nbsp;</I></B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><I>Independent Trustee Nominees</I></B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>&nbsp;</I></B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">John S. Emrich, CFA</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Birth year: 1967</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Trustee Nominee</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Private Investor, January 2011 to present; Co-Founder and Portfolio
        Manager, Ironworks Capital Management (an investment adviser), April 2005 to December 2010; Member (June 2012 to present) and Manager
        (2013 to 2015), Iroquois Valley Farms LLC (a farmland finance company.)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Meridian Fund, Inc. (4 portfolios)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Destra International &amp; Event Driven Credit Fund</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Destra Investment Trust (2 portfolios)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Michael S. Erickson</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Birth year: 1952</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Trustee Nominee</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Private Investor, August 2007 to present; Treasurer and Vice President,
        Erickson Holding Corp. (a passive real estate holding company), 2003 to present; Treasurer, Vice President and Manager, McGee Island
        LLC (a real estate management company), 2015 to present.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Meridian Fund, Inc. (4 portfolios)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Destra International &amp; Event Driven Credit Fund</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Destra Investment Trust (2 portfolios)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 16%; border: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Jeffery S. Murphy</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Birth year: 1966</P></TD>
    <TD STYLE="width: 14%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Trustee Nominee</FONT></TD>
    <TD STYLE="width: 34%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Retired (2014 to present); Executive Manager, Affiliated Managers Group, Inc. (an asset manager), 1995 to 2014.</FONT></TD>
    <TD STYLE="width: 18%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4</FONT></TD>
    <TD STYLE="width: 18%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Destra International &amp; Event Driven Credit Fund</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Destra Investment </P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD></TR>
</TABLE>

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<P STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; margin: 0 0 10pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 12pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 16%; border: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="width: 14%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 34%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 18%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 18%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Trust (2 portfolios)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="5" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid">
        <P STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><I>Interested Trustee Nominee</I></B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Nicholas Dalmaso</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Birth year: 1965</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Trustee Nominee</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">General Counsel and Chief Compliance Officer of M1 Holdings LLC,
        2015 to present; General Counsel and Chief Compliance Officer of M1 Finance LLC (an investment adviser), 2015 to present; General
        Counsel and Chief Compliance Officer of M1 Advisory Services LLC (an investment adviser), 2015 to present; Co-Chairman, General
        Counsel and Chief Operating Officer of Destra Capital Management LLC, 2010 to 2014; President, Chief Operating Officer and General
        Counsel, Destra Capital Advisors LLC, 2010 to 2014; President, Chief Operating Officer and General Counsel, Destra Capital Investments
        LLC, 2010 to 2014; Chief Executive Officer, Destra Investment Trust and Destra Investment Trust II, 2010 to 2014.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Destra International &amp; Event Driven Credit Fund</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Destra Investment Trust (2 portfolios)</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">* The address for the Nominees listed above
is c/o Destra Capital Advisors, LLC, 444 West Lake Street, Suite 1700, Chicago, IL 60606.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">** The term of office for the Nominees listed
above will continue indefinitely.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">*** The term &ldquo;Fund Complex&rdquo; refers
to the Fund, the Destra International Event-Driven Credit Fund, the Destra Wolverine Dynamic Asset Fund and the Destra Flaherty
&amp; Crumrine Preferred and Income Fund, each of the latter two being a series of the Destra Investment Trust, and the Destra
Exchange-Traded Fund Trust, of which there is currently no active series.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><B>Board Leadership Structure</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Trust is currently
led by Mr. Raymond J. Lucia, Jr., who has served as the Chairman of the Board and President since the Trust was organized in 2011.
Mr. Lucia is an &ldquo;interested person&rdquo; as defined by the 1940 Act, by virtue of his position as President of the Trust
and his controlling interest in the Adviser. The Board of Trustees is comprised of Mr. Lucia and four Independent Trustees. The
Independent Trustees have not selected a Lead Independent Trustee. Additionally, under certain 1940 Act governance guidelines that
apply to the Trust, the Independent Trustees will meet in executive session, at least quarterly. Under the Trust's Agreement and
Declaration of Trust and By-Laws, the Chairman of the Board/President is responsible for (a) presiding at board meetings, (b) calling
special meetings on an as-needed basis, and, more generally, in-practice (c)&nbsp;execution and administration of Trust policies
including (i) setting the agendas for Board meetings and (ii) providing information to Board members in advance of each Board meeting
and between Board meetings. Generally, the Trust believes it best to have a single leader who is seen by shareholders, business
partners and other stakeholders as providing strong leadership. The</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Trust believes that its Chairman/President
together with the Audit Committee and the full Board of Trustees, provide effective leadership that is in the best interests of
the Trust and Fund shareholders because of the Board's collective business acumen and understanding of the regulatory framework
under which investment companies must operate. During the fiscal year ended February 28, 2018, the Board held five meetings.</P>

<P STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Board Risk Oversight</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Board of Trustees is
comprised of Mr. Lucia and four Independent Trustees with a standing independent Audit Committee with a separate chair. The Audit
Committee is composed of only Independent Trustees. The Board is responsible for overseeing risk management, and the full Board
regularly engages in discussions of risk management and receives compliance reports that inform its oversight of risk management
from its Chief Compliance Officer at quarterly meetings and on an ad hoc basis, when and if necessary. The Audit Committee considers
financial and reporting risk within its area of responsibilities. Generally, the Board believes that its oversight of material
risks is adequately maintained through the compliance-reporting chain where the Chief Compliance Officer is the primary recipient
and communicator of such risk-related information.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Board Committees</B></P>

<P STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>Audit Committee</U></P>

<P STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Board has an Audit
Committee that consists of three Trustees (Ira J. Miller, Darlene T. DeRemer and Mark J. Riedy, Chairman of the Audit Committee),
each of whom is not an &ldquo;interested person&rdquo; of the Trust within the meaning of the 1940 Act. The Audit Committee's responsibilities
include: (i) recommending to the Board the selection, retention or termination of the Trust's independent auditors; (ii) reviewing
with the independent auditors the scope, performance and anticipated cost of their audit; (iii) discussing with the independent
auditors certain matters relating to the Trust's financial statements, including any adjustment to such financial statements recommended
by such independent auditors, or any other results of any audit; (iv) reviewing on a periodic basis a formal written statement
from the independent auditors with respect to their independence, discussing with the independent auditors any relationships or
services disclosed in the statement that may impact the objectivity and independence of the Trust&rsquo;s independent auditors
and recommending that the Board take appropriate action in response thereto to satisfy itself of the auditor&rsquo;s independence;
and (v) considering the comments of the independent auditors and management's responses thereto with respect to the quality and
adequacy of the Trust&rsquo;s accounting and financial reporting policies and practices and internal controls. The Audit Committee
operates pursuant to an Audit Committee Charter, which is available on the Fund&rsquo;s website at www.growthandincomefund.com.
The Audit Committee generally will consider shareholder nominees to the extent required pursuant to rules under the Securities
Exchange Act of 1934. The Audit Committee is also responsible for reviewing and setting Independent Trustee compensation from time
to time when considered necessary or appropriate. During the fiscal year ended February 28, 2018, the Audit Committee held two
meetings.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">With respect to the fiscal
year ended February 28, 2018, the Audit Committee has (i)&nbsp;reviewed and discussed the audited financial statements with Fund
management; (ii) discussed with the Fund&rsquo;s independent auditors the matters to be discussed by the statement on Auditing
Standards No. 61, as amended, as adopted by the Public Company Accounting Oversight Board (the &ldquo;PCAOB&rdquo;) in Rule 3200T;
(iii) received the written disclosures and the letter from the Fund&rsquo;s independent accountant required by the applicable requirements
of the PCAOB regarding the independent accountant&rsquo;s communications with the Audit Committee concerning independence, and
has discussed with the independent accountant the independent accountant&rsquo;s independence; and (iv) based on such reviews and
discussions, recommended to the Board that the audited financial statements be included in the Fund&rsquo;s annual report to shareholders
required by Section&nbsp;30(e) of the 1940 Act and filed with the SEC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Due to the size of the
Board, the Board does not have a standing Nominating Committee. Rather, the Board has formed an ad hoc Nominating Committee, consisting
of Darlene T. DeRemer, Mark Riedy, Ira Miller and John Frager, which is responsible for seeking and reviewing nominee candidates
for consideration as Independent Trustees as is from time to time considered necessary or appropriate. The ad hoc Nominating Committee
reviews all nominations of potential trustees made by Fund management and by Fund shareholders, which includes all information
relating to the recommended nominees that is required to be disclosed in solicitations or proxy statements for the election of
directors, including without limitation the biographical information and the</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">qualifications of the proposed nominees. Shareholders
interested in nominating potential trustees should submit their nominations to Emily Paup, Secretary, Multi-Strategy Growth &amp;
Income Fund, 80 Arkay Drive, Hauppauge, NY 11788. Nomination submissions must be accompanied by a written consent of the individual
to stand for election if nominated by the Board and to serve if elected by the shareholders, and such additional information must
be provided regarding the recommended nominee as reasonably requested by the Audit Committee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><U>Compensation</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">None of the Nominees has
served as a Trustee of the Fund. Therefore, none of the Nominees has received any compensation from the Fund. Each Trustee Nominee
who takes office with the Board will be paid by the Fund as a Trustee, including the Interested Trustee Nominee. If the Nominees
are elected and take office, the new Board may establish a new compensation schedule for its Independent Trustees. The new compensation
schedule for the Nominees may take into account their services provided to other funds in the Destra Fund complex, if any.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>The Board of Trustees of the Trust, including
the Independent Trustees, unanimously recommends that shareholders of the Fund vote &ldquo;<U>FOR</U>&rdquo; the election of each
Nominee to the Board of Trustees.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><U>PROPOSAL 4</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: -40.3pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Approval
of A CHANGE IN the Fund&rsquo;s DIVERSIFICATION POLICY</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><B>Background</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">A &ldquo;diversified
company,&rdquo; under section 5(b)(1) of the 1940 Act, refers to a fund with the following characteristics: (i) at least 75% of
the fund&rsquo;s total assets is represented by cash, government securities, securities of other investment companies, and other
securities limited in respect of any one issuer to an amount not greater than (a) five percent of the total value of the fund and
(b) 10 percent of the outstanding voting securities of such issuer. By contrast, a &ldquo;non-diversified company&rdquo; refers
to funds that are not &ldquo;diversified companies.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">Under section 13(a)(1)
of the 1940 Act, a fund may not change from a diversified company to a non-diversified company unless authorized to do so by a
vote of the majority of its outstanding securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B>Proposal to Change the Diversification
Policy</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">The Fund, upon launch,
identified itself in its registration statement as a non-diversified company. Nevertheless, the Fund, for a period of more than
three years after launch, operated as a diversified company. It is the position of the staff of the Securities and Exchange Commission
(&ldquo;SEC&rdquo;) that any fund that has registered as non-diversified, but which in fact operates as a diversified company for
more than three years, has changed its status to that of a diversified company and must, under section 13(a)(1) of the 1940 Act,
seek shareholder approval before recommencing operations as a non-diversified company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">As a result, the
Trust is seeking shareholder approval to change the Fund&rsquo;s diversification policy from &ldquo;diversified&rdquo; to &ldquo;non-diversified&rdquo;.
The Trust believes that such a change would be in the best interests of shareholders because it would provide more flexibility
in constructing the Fund&rsquo;s portfolio, potentially allowing the Fund to invest more assets in attractive opportunities than
might otherwise be possible if the Fund were subject to the constraints of a diversified company as summarized above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B><I>The Board of Trustees of the Trust,
including the Independent Trustees, unanimously recommends that shareholders of the Fund vote &ldquo;<U>FOR</U>&rdquo; the proposed
change to the Fund&rsquo;s diversification policy.</I></B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center"><B><U>OTHER INFORMATION</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>OPERATION OF THE FUND</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Fund is a continuously
offered, diversified, closed-end management investment company operating as an interval fund and organized as a Delaware statutory
trust. The Trust&rsquo;s principal executive offices are located at c/o Gemini Fund Services, LLC, 80 Arkay Drive, Hauppauge, NY
11788, and its telephone number is 1-855-601-3841. The Board supervises the business activities of the Fund. Like other investment
companies, the Fund retains various organizations to perform specialized services. The Fund currently retains LCM as the investment
adviser for the Fund. Northern Light Distributors, LLC, located at 17605 Wright Street, Omaha, NE 68130, serves as the Fund&rsquo;s
principal underwriter and acts as the distributor of the Fund&rsquo;s shares. The distributor has entered into an agreement with
Lucia Securities, LLC, a registered broker and affiliate of LCM, located at 13520 Evening Creek Drive North, Suite 300, San Diego,
CA 92128, under which Lucia Securities, LLC provides wholesaling services with respect to the Fund. Gemini Fund Services, LLC,
located at 80 Arkay Drive, Hauppauge, NY, 11788, serves as Administrator, Accounting Agent and Transfer Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>THE PROXY</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Board solicits proxies
so that each shareholder has the opportunity to vote on the proposals to be considered at the Meeting. A proxy for voting your
shares at the Meeting is enclosed. The shares represented by each valid proxy received in time will be voted at the Meeting as
specified. If no specification is made, the shares represented by a duly executed proxy will be voted (i) for approval of Proposals
1, 2, 3 and 4; and (ii) at the discretion of the holder(s) of the proxy on any other matter that may come before the Meeting that
the Fund did not have notice of by a reasonable time prior to the mailing of this Proxy Statement. You may revoke your proxy at
any time before it is exercised by (i) submitting a duly executed proxy bearing a later date, (ii) submitting a written notice
to the Secretary of the Fund revoking the proxy, or (iii)&nbsp;attending and voting in person at the Meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>VOTING SECURITIES AND VOTING</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">As of the Record Date,
the following numbers of shares of beneficial interest of the Fund were issued and outstanding:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 12pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 25%; border: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Class A</FONT></TD>
    <TD STYLE="width: 25%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Class C</FONT></TD>
    <TD STYLE="width: 25%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Class L</FONT></TD>
    <TD STYLE="width: 25%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Class I</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[____]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[____]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[____]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[____]</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">All shareholders of record
of the Fund on the Record Date are entitled to vote at the Meeting on each Proposal. Each shareholder is entitled to one (1) vote
per share held, and fractional votes for fractional shares held, on any matter submitted to a vote at the Meeting. There are no
dissenters&rsquo; rights of appraisal in connection with any shareholder vote to be taken at the Meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>Approval of Proposals 1, 2 and 4</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 45.8pt">An affirmative vote of
the holders of a majority of the outstanding shares of the Fund is required for the approval of Proposals 1, 2 and 4. As defined
in the 1940 Act, a vote of the holders of a majority of the outstanding shares of the Fund means the vote of (1)&nbsp;67% or more
of the voting shares of the Fund present at the meeting, if the holders of more than 50% of the outstanding shares of the Fund
are present in person or represented by proxy, or&nbsp;(2) more than 50% of the outstanding voting shares of the Fund, whichever
is less. For Proposals 1, 2 and 4, the presence at the Meeting of holders of a majority of the outstanding shares of the Fund entitled
to vote at the Meeting (in person or by proxy) constitutes a quorum.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 45.8pt">When a proxy is returned
as an abstention or &ldquo;broker non-vote&rdquo; (i.e., shares held by brokers or nominees, typically in &ldquo;street name,&rdquo;
as to which (i) instructions have not been received from the beneficial owners or persons entitled to vote and (ii) the broker
or nominee does not have discretionary voting power on a particular matter), the shares represented by the proxy will be treated
as present for purposes of determining a quorum and as votes against Proposal 1, 2 and 4. In addition, under the rules of the New
York Stock Exchange (&ldquo;NYSE&rdquo;), if a broker has not received instructions from beneficial owners or persons entitled
to vote and the proposal to be voted upon may</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&ldquo;affect substantially&rdquo; a shareholder&rsquo;s
rights or privileges, the broker may not vote the shares as to that proposal even if it has discretionary voting power. The NYSE
considers Proposals 1, 2 and 4 to be non-routine matters that affect substantially a shareholder&rsquo;s rights or privileges.
As a result, these shares also will be treated as broker non-votes for purposes of Proposals 1, 2 and 4 (but will not be treated
as broker non-votes for other proposals, including adjournment of the special meeting).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 45.8pt">Treating broker non-votes
as votes against Proposals 1, 2 and 4 may result in one or more of these proposals not being approved, even though the votes cast
in favor would have been sufficient to approve the proposal if some or all of the broker non-votes had been withheld.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>Approval of Proposal 3</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 45.8pt">Approval of Proposal 3
requires the affirmative vote of a plurality of all votes at the Meeting. Under this plurality system, Trustee positions are filled
by the nominees who receive the largest number of votes, with no majority approval requirement, until all vacancies are filled.
Because Trustees are elected by a plurality, non-votes and abstentions will have no effect on Proposal 3. For Proposal 3, the holders
of thirty-three and one-third percent (33-1/3%) of the outstanding shares of the Fund (including broker non-votes and abstentions)
entitled to vote at the meeting (in person or by proxy) constitutes a quorum.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><U>The Transaction is contingent upon each
of Proposals 1, 2 and 3 being approved by shareholders of the Fund. If Proposals 1, 2 and 3 are not approved by shareholders of
the Fund, the Transaction will not be completed.</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Security
Ownership of Management AND Certain Beneficial Owners</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 46.1pt">As of the Record Date,
the following shareholders of record owned 5% or more of the outstanding shares of the Fund:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 46.1pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 12pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 27%; border: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Name and Address</B></FONT></TD>
    <TD STYLE="width: 24%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Number and Class of Shares</B></FONT></TD>
    <TD STYLE="width: 24%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Percentage of the Fund</B></FONT></TD>
    <TD STYLE="width: 25%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Percentage of the Class</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The following table provides
information about Fund shares held by the Trustees, Nominees, and executive officers of the Fund as of the Record Date:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 37%; border: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Name</B></FONT></TD>
    <TD STYLE="width: 21%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Number and Class of</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Shares</B></P></TD>
    <TD STYLE="vertical-align: top; width: 21%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Percentage of the Fund</B></FONT></TD>
    <TD STYLE="width: 21%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Percentage</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>of the Class</B></P></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mark J. Riedy, PhD.*</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Ira J. Miller*</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">John D. Frager*</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Darlene T. DeRemer*</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Raymond J. Lucia, Jr.*</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Emily Paup*</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Emile Molineaux*</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">John S. Emrich**</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">None</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">N/A</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">N/A</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Michael S. Erickson**</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">None</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">N/A</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">N/A</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Jeffrey S. Murphy**</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">None</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">N/A</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">N/A</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Nicholas Dalmaso**</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">None</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">N/A</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">N/A</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Felicia Tarantino***</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Theresa Ochs****</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">*The address is c/o Gemini Fund Services, LLC,
80 Arkay Drive, Hauppauge, NY 11788.</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">**The address is c/o Destra International &amp;
Event-Driven Credit Fund, 444 West Lake Street, Suite 1700, Chicago, IL 60606.</P>


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<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">***Ms. Tarantino resigned as the Treasurer and
Secretary of the Fund in August of 2018; her address is c/o Gemini Fund Services, LLC, 80 Arkay Drive, Hauppauge, NY 11788.</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">****Ms. Ochs resigned as Secretary of the Fund
in March of 2018; her address is c/o Gemini Fund Services, LLC, 80 Arkay Drive, Hauppauge, NY 11788.</P>

<P STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Shareholders owning more
than 25% of the shares of the Fund are considered to &ldquo;control&rdquo; the Fund, as that term is defined under the 1940 Act.
Persons controlling the Fund may determine the outcome of any proposal submitted to the shareholders for approval. [As of the Record
Date, no shareholder owned more than 25% of the shares of the Fund.] [As a group, the Trustees, Nominees and officers of the Trust
owned less than 1% of the outstanding shares of the Fund as of the Record Date.]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SHAREHOLDER PROPOSALS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Fund has not received
any shareholder proposals to be considered for presentation at the Meeting. Under the proxy rules of the SEC, shareholder proposals
may, under certain conditions, be included in the Fund&rsquo;s Proxy Statement and proxy for a particular meeting. Under these
rules, proposals submitted for inclusion in the Fund&rsquo;s proxy materials must be received by the Fund within a reasonable time
before the solicitation is made. The fact that the Fund receives a shareholder proposal in a timely manner does not ensure its
inclusion in its proxy materials, because there are other requirements in the proxy rules relating to such inclusion. You should
be aware that annual meetings of shareholders are not required as long as there is no particular requirement under the 1940 Act
that must be met by convening such a shareholder meeting. Any shareholder proposal should be sent to Multi-Strategy Growth &amp;
Income Fund, Attention: Emily Paup, Secretary, 80 Arkay Drive, Hauppauge, NY 11788. Shareholder proposals may also be raised from
the floor at the Meeting without prior notice to the Trust.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>COST OF SOLICITATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Board of Trustees is
making this solicitation of proxies. The Fund has engaged [AST Fund Solutions], a proxy solicitation firm, to assist in the solicitation.
The estimated fees anticipated to be paid to [AST Fund Solutions] are approximately $[51,000]. The cost of preparing and mailing this Proxy Statement,
the accompanying Notice of Special Meeting and proxy and any additional materials relating to the Meeting and the cost of soliciting
proxies will be borne equally by Destra and LCM. In addition to solicitation by mail, the Fund will request the insurance companies,
banks, brokers and other custodial nominees and fiduciaries, to supply proxy materials to the respective beneficial owners of shares
of the Fund of whom they have knowledge, and Destra and LCM will reimburse them for their expenses in so doing. Certain officers,
employees and agents of the Fund and LCM may solicit proxies in person or by telephone, facsimile transmission, or mail, for which
they will not receive any special compensation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>OTHER MATTERS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Board knows of no other
matter to be presented at the Meeting other than as set forth above. If any other matter properly comes before the Meeting that
the Trust did not have notice of by a reasonable time prior to the mailing of this Proxy Statement, the holders of the proxy will
vote the shares represented by the proxy on such matters in accordance with their best judgment, and discretionary authority to
do so is included in the proxy.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Communications
with the Board</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">A shareholder of the Trust
wishing to communicate with the Board may do so in writing, signed by the shareholder and setting forth: (i) the name and address
of the shareholder; (ii) the number of shares owned by the shareholder; and (iii) if the shares are owned indirectly through a
broker or other record owner, the name of the broker or other record owner. These communications should be addressed as follows:
Multi-Strategy Growth &amp; Income Fund, Attention: Secretary, 80 Arkay Drive, Hauppauge, NY 11788.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>PROXY DELIVERY</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">If you and another shareholder
share the same address, the Fund may only send one Proxy Statement unless you or the other shareholder(s) request otherwise. Call
or write to the Fund if you wish to receive a separate copy of the Proxy Statement, and the Fund will promptly mail a copy to you.
You may also call or write to the Fund if you</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">wish to receive a separate proxy in the future
or if you are receiving multiple copies now and wish to receive a single copy in the future. For such requests, call the Fund at
(800) [insert proxy solicitor number].</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Important Notice Regarding the Availability
of Proxy materials for the Shareholder Meeting to be Held on</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>November 20, 2018</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>A copy of the Notice of Shareholder Meeting,
the Proxy Statement, and Proxy Card are available at [insert proxy solicitor number].</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">BY ORDER OF THE BOARD OF TRUSTEES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&#9;Raymond J. Lucia, President</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Dated: [_____], 2018</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="text-transform: uppercase"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">If you have any questions before you vote,
please call our proxy information line at [_____]. Representatives are available Monday through Friday, [9:00 a.m. to 10:00 p.m.]
Eastern Time to answer your questions about the proxy material or about how to how to cast your vote. You may also receive a telephone
call reminding you to vote your shares. Thank you for your participation in this important initiative.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="text-transform: uppercase"><B>Please
date and sign the enclosed proxy and return it promptly in the enclosed reply envelope, fax YOUR PROXY CARD to THE NUMBER LISTED
ON YOUR PROXY CARD. </B></FONT></P>


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<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Exhibit A</B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 9pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-transform: uppercase; text-align: center">PROPOSED
ADVISORY AGREEMENT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">INVESTMENT MANAGEMENT AGREEMENT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="text-transform: uppercase">Destra
Alternative Access Fund</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">AGREEMENT made this ___ day of __________, 2018,
by and between Destra Alternative Access Fund, a Delaware statutory trust (the &quot;Fund&quot;), and Destra Capital Advisors LLC,
a Delaware limited liability company (the &quot;Advisor&quot;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">WHEREAS, the Fund is a closed-end, management
investment company registered under the Investment Company Act of 1940, as amended (the &ldquo;1940 Act&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 22.5pt">WHEREAS, the Advisor is registered as an investment
adviser under the Investment Advisers Act of 1940 (the &ldquo;Advisers Act&rdquo;) and is engaged in the business of supplying
investment advice as an independent contractor; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">WHEREAS, the Fund desires to retain the Advisor
to render investment management services with respect to the Fund and the Advisor is willing to render such services:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">NOW, THEREFORE, in consideration of mutual covenants
herein contained, the parties hereto agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">1. APPOINTMENT AND ACCEPTANCE. The Fund hereby
appoints the Advisor to act as Advisor to the Fund for the period and on the terms set forth in this Agreement. The Advisor accepts
such appointment and agrees to furnish the services herein set forth for the compensation herein provided.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">2. DUTIES OF ADVISOR. The Fund employs the Advisor
to furnish and manage a continuous investment program for the Fund. The Advisor will continuously review, supervise and (where
appropriate) administer the investment program of the Fund, to (i) determine in its discretion (where appropriate) the securities
to be purchased, held, sold or exchanged, (ii) provide the Fund with records concerning the Advisor&rsquo;s activities which the
Fund is required to maintain and (iii) render regular reports to the Fund&rsquo;s officers and Trustees concerning the Advisor&rsquo;s
discharge of the foregoing responsibilities. The Advisor may hire (subject to the approval of the Fund's Board of Trustees (&ldquo;Board&rdquo;)
and, except as otherwise permitted under the terms of any applicable exemptive relief obtained from the Securities and Exchange
Commission, or by rule or regulation, a majority of the outstanding voting securities of the Fund) and thereafter supervise the
investment activities of one or more sub-advisers deemed necessary to carry out the investment program of the Fund. The retention
of a sub-adviser by the Advisor shall not relieve the Advisor of its responsibilities under this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The Advisor shall discharge the foregoing responsibilities subject
to the control of the Fund&rsquo;s Board and in compliance with such policies as the Board may from time to time establish, with
the objectives, policies, and limitations for the Fund set forth in the Fund's registration statement as amended from time to time,
and with applicable laws and regulations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">3. FUND TRANSACTIONS. The Advisor is authorized
to select the brokers or dealers that will execute the purchases and sales of portfolio securities for the Fund and is directed
to use its best efforts to obtain &ldquo;best execution,&rdquo; considering the Fund&rsquo;s investment objectives, policies, and
restrictions as stated in the Fund&rsquo;s Prospectus and Statement of Additional Information, as the same may be amended, supplemented
or restated from time to time, and resolutions of the Fund&rsquo;s Board. The Advisor will promptly communicate to the officers
and the Board such information relating to portfolio transactions as they may reasonably request.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">It is understood that the Advisor will not be deemed to have acted
unlawfully, or to have breached a fiduciary duty to the Fund or be in breach of any obligation owing to the Fund under this Agreement,
or otherwise, by reason of its having directed a securities transaction on behalf of the Fund to a broker-dealer in compliance
with the provisions of</P>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Section 28(e) of the Securities Exchange Act of 1934 or as described
from time to time by the Fund&rsquo;s Prospectus and Statement of Additional Information.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">4. EXPENSES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;With
respect to the operation of the Fund, the Advisor shall be responsible for (i) providing the personnel, office space and equipment
reasonably necessary to perform its obligations hereunder; (ii) the expenses of printing and distributing extra copies of the Fund&rsquo;s
prospectus, statement of additional information, and sales and advertising materials (but not the legal, auditing or accounting
fees attendant thereto) to prospective investors (but not to existing shareholders) to the extent such expenses are not covered
by any applicable plan adopted pursuant to Rule 12b-1 under the Investment Company Act (each, a &ldquo;12b-1 Plan&rdquo;) or pursuant
to, or as a condition of multiple-class exemptive relief obtained from the Securities and Exchange Commission; (iii) the costs
of any special Board meetings or shareholder meetings convened for the primary benefit of the Advisor and attendance at required
annual Board meeting; (iv) the costs associated with any supplements to the Fund&rsquo;s registration statement created at the
Advisor&rsquo;s request; and (v) any costs of liquidating or reorganizing the Fund (unless such cost is otherwise allocated by
the Board). If the Advisor has agreed to limit the operating expenses of the Fund as referenced in Section 5 below, the Advisor
also shall be responsible on a monthly basis for any operating expenses that exceed the agreed upon expense limit, subject to the
terms of such agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Fund is responsible for and has assumed the obligation for payment of all of its expenses, other than as stated in Subparagraph
4(a) above, including but not limited to: fees and expenses incurred in connection with the issuance, registration and transfer
of its shares; brokerage and commission expenses; all expenses of transfer, receipt, safekeeping, servicing and accounting for
the cash, securities and other property of the Trust for the benefit of the Fund including all fees and expenses of its custodian,
shareholder services agent and accounting services agent; interest charges on any borrowings; costs and expenses of pricing and
calculating its daily net asset value and of maintaining its books of account required under the Investment Company Act; taxes,
if any; a pro rata portion of expenditures in connection with meetings of the Fund&rsquo;s shareholders and the Board that are
properly payable by the Fund; salaries and expenses of officers of the Trust, including without limitation the Trust&rsquo;s Chief
Compliance Officer, and fees and expenses of members of the Board or members of any advisory board or committee who are not members
of, affiliated with or interested persons of the Advisor; insurance premiums on property or personnel of the Fund which inure to
its benefit, including liability and fidelity bond insurance; the cost of preparing and printing reports, proxy statements, prospectuses
and statements of additional information of the Fund or other communications for distribution to existing shareholders which are
covered by any 12b-1 Plan, or as a condition of multiple-class exemptive relief obtained from the Securities and Exchange Commission;
legal, auditing and accounting fees; all or any portion of trade association dues or educational program expenses determined appropriate
by the Board; fees and expenses (including legal fees) of registering and maintaining registration of its shares for sale under
applicable securities laws; all expenses of maintaining and servicing shareholder accounts, including all charges for transfer,
shareholder recordkeeping, dividend disbursing, redemption, and other agents for the benefit of the Fund, if any; and all other
charges and costs of its operation plus any extraordinary and non-recurring expenses, except as herein otherwise prescribed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Advisor may voluntarily or contractually absorb certain Fund expenses.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
the extent the Advisor incurs any costs by assuming expenses which are an obligation of the Fund as set forth herein, the Fund
shall promptly reimburse the Advisor for such costs and expenses, except to the extent the Advisor has otherwise agreed to bear
such expenses. To the extent the services for which the Fund is obligated to pay are performed by the Advisor, the Advisor shall
be entitled to recover costs from the Fund to the extent of the Advisor&rsquo;s actual costs for providing such services. In determining
the Advisor&rsquo;s actual costs, the Advisor may take into account an allocated portion of the salaries and overhead of personnel
performing such services.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;COMPENSATION
OF THE ADVISOR. For the services provided and the expenses assumed pursuant to this Agreement, the Fund shall pay to the Advisor
compensation at an annual rate of 1.35%, payable monthly in arrears by the [10th] business day of the succeeding month, based upon
the Fund&rsquo;s average daily net assets as of month-end. In the case of a partial month, compensation will be based on the number
of days during the month in which the Advisor provided services to the Fund. Compensation will be paid to the Advisor before giving</P>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">effect to any repurchase of interests in the Fund effective as of
that date. The Advisor will pay the compensation of any sub-adviser retained pursuant to Section 2 above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The Advisor may, in its discretion and from time to time, reduce
any portion of the compensation or reimbursement of expenses due to it pursuant to this Agreement and may agree to make payments
to limit the expenses that are the responsibility of the Fund under this Agreement. Any such reduction or payment shall be applicable
only to such specific reduction or payment and shall not constitute an agreement to reduce any future compensation or reimbursement
due to the Advisor hereunder or to continue future payments.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">All rights of compensation under this Agreement for services performed
as of the termination date shall survive the termination of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">6. BOOKS AND RECORDS. The Advisor will maintain
all books and records with respect to the securities transactions of the Fund and will furnish to the Fund&rsquo;s Board such periodic
and special reports as the Board may reasonably request. The Fund and the Advisor agree to furnish to each other, if applicable,
current registration statements, proxy statements, reports to shareholders, certified copies of their financial statements, and
such other information with regard to their affairs as each may reasonably request.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Any records required to be maintained and preserved pursuant to
the provisions of Rule 31a-1 and Rule 31a-2 promulgated under the 1940 Act which are prepared or maintained by the Advisor on behalf
of the Fund are the property of the Fund and will be surrendered promptly to the Fund on request.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">7. STATUS OF ADVISOR. The services of the Advisor
to the Fund are not to be deemed exclusive, and the Advisor shall be free to render similar services to others so long as its services
to the Fund are not impaired thereby. The Advisor shall be deemed to be an independent contractor and shall, unless otherwise expressly
provided or authorized, have no authority to act for or represent the Fund in any way or otherwise be deemed an agent of the Fund.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">8. LIMITATION OF LIABILITY AND INDEMNIFICATION
OF ADVISOR.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(a) In the absence of willful misfeasance, gross
negligence or reckless disregard of its obligations to the Fund, the Advisor and any partner, director, officer or employee of
the Advisor, or any of their affiliates, executors, heirs, assigns, successors or other legal representatives, will not be liable
for any error of judgment, mistake of law or for any act or omission by the person in connection with the performance of services
to the Fund, except as may otherwise be provided under provisions of applicable state law or Federal securities law which cannot
be waived or modified hereby.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(b) The Fund shall indemnify, to the fullest
extent permitted by law, the Advisor, or any member, manager, officer or employee of the Advisor, and any of their affiliates,
executors, heirs, assigns, successors or other legal representatives, against any liability or expense to which the person may
be liable that arises in connection with the performance of services to the Fund, so long as the liability or expense is not incurred
by reason of the person&rsquo;s willful misfeasance, gross negligence or reckless disregard of its obligations to the Fund. The
rights of indemnification provided under this Section&nbsp;shall not be construed so as to provide for indemnification of any aforementioned
persons for any losses (including any liability under Federal securities laws which, under certain circumstances, impose liability
even on persons that act in good faith) to the extent (but only to the extent) that such indemnification would be in violation
of applicable law, but shall be construed so as to effectuate the applicable provisions of this Section&nbsp; to the fullest extent
permitted by law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(c) The Advisor shall indemnify, to the fullest
extent permitted by law, the Fund and all controlling persons of the Fund (as described in Section 15 of the Securities Act of
1933, as amended), against any liability or expense to which the person may be liable that arises in connection with the performance
of services to the Advisor, so long as the liability or expense is not incurred by reason of the person&rsquo;s willful misfeasance,
gross negligence or reckless disregard of its obligations to the Advisor. The rights of indemnification provided under this Section&nbsp;shall
not be construed so as to provide for indemnification of any aforementioned persons for any losses (including any liability under
Federal securities laws which, under certain circumstances, impose liability even on persons that act in good</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">faith) to the extent (but only to the extent) that such indemnification
would be in violation of applicable law, but shall be construed so as to effectuate the applicable provisions of this Section&nbsp;
to the fullest extent permitted by law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">9. PERMISSIBLE INTERESTS. Trustees, agents,
and interest holders of the Fund are or may be interested in the Advisor (or any successor thereof) as members, managers, officers,
or interest holders, or otherwise; members, managers, officers, agents, and interest holders of the Advisor are or may be interested
in the Fund as Trustees, interest holders or otherwise; and the Advisor (or any successor) is or may be interested in the Fund
as an interest holder or otherwise. In addition, brokerage transactions for the Fund may be effected through affiliates of the
Advisor, provided the Advisor has broker-dealer affiliates, if approved by the Fund&rsquo;s Board, subject to the rules and regulations
of the Securities and Exchange Commission.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">10. AUTHORITY; NO CONFLICT. The Advisor represents,
warrants and agrees that: it has the authority to enter into and perform the services contemplated by this Agreement; and the execution,
delivery and performance of this Agreement do not, and will not, conflict with, or result in any violation or default under, any
agreement to which Advisor or any of its affiliates are a party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">11. LICENSE OF ADVISOR'S NAME. The parties
agree that the name of the Advisor, the names of any affiliates of the Advisor and any derivative or logo or trademark or service
mark or trade name are the valuable property of the Advisor and its affiliates. The Advisor hereby agrees to grant a license to
the Fund for use of its name in the name of the Fund for the term of this Agreement and such license shall terminate upon termination
of this Agreement. If the Fund makes any unauthorized use of the Advisor&rsquo;s names, derivatives, logos, trademarks, or service
marks or trade names, the parties acknowledge that the Advisor shall suffer irreparable harm for which monetary damages may be
inadequate and thus, the Advisor shall be entitled to injunctive relief, as well as any other remedy available under law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">12. DURATION AND TERMINATION. This Agreement,
unless sooner terminated as provided herein, shall remain in effect until [&#9;] and thereafter, may continue in effect only if
such continuance is specifically approved at least annually (a) by the vote of a majority of those Trustees of the Board who are
not parties to this Agreement or interested persons of any party to this Agreement, cast in person at a meeting called for the
purpose of voting on such approval, and (b) by a vote of a majority of the Fund&rsquo;s Board or by vote of a majority of the outstanding
voting securities of the Fund; provided, however, that if the interest holders of any Fund fail to approve the Agreement as provided
herein, the Advisor may continue to serve hereunder in the manner and to the extent permitted by the 1940 Act and rules and regulations
thereunder. The foregoing requirement that continuance of this Agreement be &quot;specifically approved at least annually&quot;
shall be construed in a manner consistent with the 1940 Act and the rules and regulations thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Notwithstanding the foregoing, this Agreement may be terminated
as to the Fund at any time, without the payment of any penalty by vote of a majority of members of the Fund&rsquo;s Board or by
vote of a majority of the outstanding voting securities of the Fund on sixty (60) days written notice to the Advisor, or by the
Advisor at any time without the payment of any penalty, on sixty (60) days written notice to the Fund. This Agreement will automatically
and immediately terminate in the event of its assignment. Any notice under this Agreement shall be given in writing, addressed
and delivered, or mailed postpaid, to the other party at any office of such party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">As used in this Section 11, the terms &quot;assignment&quot;, &quot;interested
persons&quot;, and a &quot;vote of a majority of the outstanding voting securities&quot; shall have the respective meanings set
forth in the 1940 Act and the rules and regulations thereunder; subject to such exemptions as may be granted by the Securities
and Exchange Commission under said Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">13. NOTICE. Any notice required or permitted
to be given by either party to the other shall be deemed sufficient if sent by registered or certified mail, postage prepaid, addressed
by the party giving notice to the other party at the last address furnished by the other party to the party giving notice:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1.25in">If to the Advisor:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.25in">Destra Capital Management LLC</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.25in">Attn: Jane Shissler, General Counsel</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.25in">One North Wacker Drive</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.25in">48th Floor</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.25in">Chicago, Illinois 60606</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.25in">Phone: (312)843-6171</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.25in">Fax: [ ]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1.25in">If to the Fund:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.25in">Destra Alternative Access Fund</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.25in">[ ]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.25in">[ ]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.25in">[ ]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 89.4pt">Facsimile: [&#9;]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 89.4pt">Telephone: [&#9;]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">14. SEVERABILITY. If any provision of this Agreement
shall be held or made invalid by a court decision, statute, rule or otherwise, the remainder of this Agreement shall not be affected
thereby.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">15. GOVERNING LAW. This Agreement shall be construed
in accordance with the laws of the State of Delaware, without reference to conflict of law or choice of law doctrines, and the
applicable provisions of the 1940 Act. To the extent that the applicable laws of the State of Delaware, or any of the provisions
herein, conflict with the applicable provisions of the 1940 Act, the latter shall control.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">IN WITNESS WHEREOF, the Parties hereto have caused this Agreement
to be executed as of the day and year first written above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="text-transform: uppercase">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="text-transform: uppercase">Destra Alternative Access
Fund</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">_____________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">By:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Title:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="text-transform: uppercase">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="text-transform: uppercase">DESTRA CAPITAL ADVISORS
LLC</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">_______________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">By:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Title:</P>

<P STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; margin: 0; text-indent: 1.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>


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<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Exhibit B</B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>PROPOSED SUB-ADVISORY AGREEMENT</B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>INVESTMENT SUB-ADVISORY AGREEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">AGREEMENT, dated as of ______________, 2018 by and among Destra
Alternative Access Fund (the &ldquo;Fund&rdquo;), Destra Capital Advisors LLC (the &ldquo;Advisor&rdquo;), and LCM Investment Management,
LLC (the &ldquo;Sub-Adviser&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">WHEREAS, the Advisor is registered as an investment adviser under
the Investment Advisers Act of 1940, as amended (&ldquo;Advisers Act&rdquo;) and is engaged in the business of supplying investment
advice as an independent contractor;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">WHEREAS, the Advisor has entered into an investment management agreement
(the &ldquo;Investment Management Agreement&rdquo;) dated _________, 2018 with the Fund, an investment company registered under
the Investment Company Act of 1940, as amended (&ldquo;Investment Company Act&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">WHEREAS, the Sub-Adviser is registered as an investment adviser
under the Advisers Act;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">WHEREAS, the Board of Trustees (each Board member individually a
&ldquo;Trustee&rdquo; and together the &ldquo;Trustees&rdquo;) of the Fund and the Advisor desire to retain the Sub-Adviser to
render investment advisory and other services to the Fund, in the manner and on the terms hereinafter set forth;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">WHEREAS, the Advisor has the authority under the Investment Management
Agreement with the Fund to retain sub-advisers; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">WHEREAS, the Sub-Adviser is willing to furnish such services to
the Advisor and the Fund;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">NOW, THEREFORE, in consideration of the promises and mutual covenants
contained herein, and intending to be legally bound hereby, the Fund, the Advisor and the Sub-Adviser agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
APPOINTMENT OF THE SUB-ADVISER</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The Advisor hereby appoints the Sub-Adviser to act as an investment
adviser for the Fund, subject to the supervision and oversight of the Advisor and the Trustees of the Fund, and in accordance with
the terms and conditions of this Agreement.&nbsp;&nbsp;The Sub-Adviser will be an independent contractor and will have no authority
to act for or represent the Fund or the Advisor in any way or otherwise be deemed an agent of the Fund or the Advisor except as
expressly authorized in this Agreement or another writing by the Fund, the Advisor and the Sub-Adviser.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
ACCEPTANCE OF APPOINTMENT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The Sub-Adviser accepts that appointment and agrees to render the
services herein set forth, for the compensation herein provided.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The assets of the Fund will be maintained in the custody of a custodian
(who shall be identified by the Advisor in writing).&nbsp;&nbsp;The Sub-Adviser will not have custody of any securities, cash or
other assets of the Fund and will not be liable for any loss resulting from any act or omission of the custodian other than acts
or omissions arising in reliance on instructions of the Sub-Adviser.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
SERVICES TO BE RENDERED BY THE SUB-ADVISER TO THE FUND</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
an investment adviser to the Fund, the Sub-Adviser shall, subject to the supervision and oversight of the Advisor, manage the investment
and reinvestment of such portion of the assets of the Fund as the Advisor may from time to time allocate to the Sub-Adviser for
management (the &ldquo;Sub-Advised Assets&rdquo;), as well as vote all proxies related to the Sub-Advised Assets.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
part of the services it will provide hereunder, the Sub-Adviser will:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;obtain
and evaluate, to the extent deemed necessary and advisable by the Sub-Adviser in its discretion, pertinent economic, statistical,
financial, and other information affecting the economy generally and individual companies or industries, the securities of which
are included in the Sub-Advised Assets or are under consideration for inclusion in the Sub-Advised Assets;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;formulate
and implement a continuous investment program for the Sub-Advised Assets as outlined in the Fund&rsquo;s Registration Statement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;take
whatever steps are necessary to implement the investment program for the Sub-Advised Assets by arranging for the purchase and sale
of securities and other investments, including issuing directives to the administrator of the Fund as necessary for the appropriate
implementation of the investment program of the Sub-Advised Assets;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;keep
the Trustees of the Fund and the Adviser fully informed in writing on an ongoing basis as agreed by the Advisor and the Sub-Adviser
as to (1) all material facts concerning the investment and reinvestment of the Sub-Advised Assets and (2) the Sub-Adviser and its
key investment personnel and operations, make regular and periodic special written reports of such additional information concerning
the same as may reasonably be requested from time to time by the Advisor or the Trustees of the Fund; and attend meetings with
the Advisor and/or the Trustees, as reasonably requested, to discuss the foregoing;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;in
accordance with procedures and methods established by the Trustees of the Fund, which may be amended from time to time, provide
assistance in determining the fair value of all securities and other investments/assets within the Sub-Advised Assets;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;provide
any and all material composite performance information, records and supporting documentation about accounts the Sub-Adviser manages,
if appropriate, which are relevant to the Fund and that have investment objectives, policies, and strategies substantially similar
to those employed by the Sub-Adviser in managing the Sub-Advised Assets that may be reasonably necessary, under applicable laws,
to allow the Fund or its agent to present information concerning the Sub-Adviser&rsquo;s prior performance in the Fund&rsquo;s
Registration Statement and any permissible reports and materials prepared by the Fund;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(vii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;cooperate
with and provide reasonable assistance to the Adviser, the Fund&rsquo;s administrator, the Fund&rsquo;s custodian and foreign custodians,
the Fund&rsquo;s transfer agent and pricing agents and all other agents and representatives of the Fund and the Adviser; keep all
such persons fully informed as to such matters as they may reasonably deem necessary to the performance of their obligations to
the Fund and the Adviser; provide prompt responses to reasonable requests made by such persons; and maintain any appropriate interfaces
with each such person so as to promote the efficient exchange of information; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(viii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;file
any required reports with the SEC pursuant to Sections 13(f) and 13(g) of the Securities Exchange Act of 1934, as amended, and
the rules and regulations thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">C.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
furnishing services hereunder, the Sub-Adviser shall be subject to, and shall perform in accordance with, the following:&nbsp;&nbsp;(i)
the Fund&rsquo;s declaration of trust, by-laws and/or other governing instruments, as the same may be hereafter modified and/or
amended from time to time (&ldquo;Governing Documents&rdquo;); (ii) the currently effective Registration Statement and any amendments
thereto; (iii) the Investment Company Act and the Advisers Act and the rules under each, and all other federal and state laws or
regulations applicable to the Fund; (iv) the Fund&rsquo;s compliance manual and other policies and procedures adopted from time
to time by the Board of Trustees of the Fund; and (v) the instructions of the Advisor.&nbsp;&nbsp;Prior to the commencement of
the Sub-Adviser&rsquo;s services hereunder, the Advisor shall provide the Sub-Adviser with current copies of any Governing Documents,
Registration Statement, compliance manual and other relevant policies and procedures that are adopted by the Board of Trustees
of the Fund.&nbsp;&nbsp;The Advisor undertakes to provide the Sub-Adviser with copies or other written notice of any amendments,
modifications or supplements to any such above-mentioned document.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">D.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Sub-Adviser, at its expense, will furnish:&nbsp;&nbsp;(i) all necessary facilities (including office space, furnishings, and equipment)
and personnel, including salaries, expenses and fees of any personnel required for the Sub-Adviser to faithfully perform its duties
under this Agreement; and (ii) administrative facilities, including bookkeeping, and all equipment necessary for the efficient
conduct of the Sub-Adviser&rsquo;s duties under this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">E.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
occasions when the Sub-Adviser deems the purchase of a security to be in the best interest of the Fund as well as other clients
of the Sub-Adviser, allocation of the securities so purchased, as well as the expenses incurred in the transaction, will be made
by the Sub-Adviser in the manner which the Sub-Adviser considers to be the most equitable and consistent with its fiduciary obligations
to the Fund and to its other clients over time.&nbsp;&nbsp;The Advisor agrees that the Sub-Adviser and its affiliates may give
advice and take action in the performance of their duties with respect to any of their other clients that may differ from advice
given, or the timing or nature of actions taken, with respect to the Fund.&nbsp;&nbsp;The Advisor also acknowledges that the Sub-Adviser
and its affiliates are fiduciaries to other entities, some of which have the same or similar investment objectives (and will hold
the same or similar investments) as the Fund, and that the Sub-Adviser will carry out its duties hereunder together with its duties
under such relationships.&nbsp;&nbsp;Nothing in this Agreement shall be deemed to confer upon the Sub-Adviser any obligation to
purchase or to recommend for purchase for the Fund any investment that the Sub-Adviser, its affiliates, officers or employees may
purchase or sell for its or their own account or for the account of any client, if in the sole and absolute discretion of the Sub-Adviser
it is for any reason impractical or undesirable to take such action or make such recommendation for the Fund.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">F.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Sub-Adviser will maintain all accounts, books and records with respect to the Sub-Advised Assets as are required of an investment
adviser of a registered investment company pursuant to the Investment Company Act and Advisers Act and the rules thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;
COMPENSATION OF THE SUB-ADVISER</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The Advisor will pay the Sub-Adviser a monthly advisory fee with
respect to the Sub-Advised Assets equal to a percentage of the &ldquo;net advisory fee&rdquo;, which is the amount of the Advisor&rsquo;s
advisory fee less (i) any fee waiver or expense reimbursement made by the Adviser in connection with the services provided under
the Investment Management Agreement, and (ii) any other expenses agreed to be shared by the parties, shall be allocated 50% to
the Sub-Adviser for the services provided pursuant to this Agreement and 50% to the Adviser. The amount allocated to the Sub-Adviser
(&ldquo;Sub-Advisory Fee&rdquo;) shall not exceed an annual rate of 0.675% based upon the Fund&rsquo;s average daily net assets
at month end. In the case of a partial month, compensation will be based on the number of days during the month in which the Advisor
provided services to the Fund. The Sub-Advisory Fee will be paid by the Advisor no later than the [ ] day following receipt by
the Advisor of the Advisory Fee from the Fund.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Except as may otherwise be prohibited by law or regulation (including,
without limitation, any then current SEC staff interpretation), the Sub-Adviser may, in its discretion and from time to time, waive
all or any portion of its advisory fee.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;LIABILITY
AND INDEMNIFICATION</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except
as may otherwise be provided by the Investment Company Act or any other federal securities law, neither the Sub-Adviser nor any
of its officers, directors, partners, members or employees (its &ldquo;Affiliates&rdquo;) shall be liable for any losses, claims,
damages, liabilities or litigation (including legal and other expenses) incurred or suffered by the Advisor or the Fund as a result
of any error of judgment or mistake of law by the Sub-Adviser or its Affiliates with respect to the Fund, except that nothing in
this Agreement shall operate or purport to operate in any way to exculpate, waive or limit the liability of the Sub-Adviser or
its Affiliates for, and the Sub-Adviser shall indemnify and hold harmless the Fund, the Advisor, all affiliated persons thereof
(within the meaning of Section 2(a)(3) of the Investment Company Act) and all controlling persons (as described in Section 15 of
the Securities Act of 1933, as amended (&ldquo;1933 Act&rdquo;)) (collectively, &ldquo;Advisor Indemnitees&rdquo;) against, any
and all losses, claims, damages, liabilities or litigation (including reasonable legal and other expenses) to which any of the
Advisor Indemnitees may become subject under the 1933 Act, the Investment Company Act, the Advisers Act, or under any other statute,
at common law or otherwise arising out of or based on (i) any willful misconduct, bad faith, reckless disregard or gross negligence
of the Sub-Adviser in the performance of any of its duties or obligations</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">hereunder or (ii) any untrue statement of a material fact contained
in any Registration Statement, proxy materials, reports, advertisements, sales literature, or other materials pertaining to the
Fund or the omission to state therein a material fact known to the Sub-Adviser which was required to be stated therein or necessary
to make the statements therein not misleading, if such statement or omission was made in reliance upon written information furnished
to the Advisor or the Fund by the Sub-Adviser Indemnitees (as defined below) for use therein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except
as may otherwise be provided by the Investment Company Act or any other federal securities law, the Advisor, the Fund and their
respective Affiliates shall not be liable for any losses, claims, damages, liabilities or litigation (including legal and other
expenses) incurred or suffered by the Sub-Adviser as a result of any error of judgment or mistake of law by the Advisor, the Fund
and their respective Affiliates with respect to the Fund, except that nothing in this Agreement shall operate or purport to operate
in any way to exculpate, waive or limit the liability of the Advisor for, and the Advisor shall indemnify and hold harmless the
Sub-Adviser, all affiliated persons thereof (within the meaning of Section 2(a)(3) of the Investment Company Act) and all controlling
persons (as described in Section 15 of the 1933 Act) (collectively, &ldquo;Sub-Adviser Indemnitees&rdquo;) against any and all
losses, claims, damages, liabilities or litigation (including reasonable legal and other expenses) to which any of the Sub-Adviser
Indemnitees may become subject under the 1933 Act, the Investment Company Act, the Advisers Act, or under any other statute, at
common law or otherwise arising out of or based on (i) any willful misconduct, bad faith, reckless disregard or gross negligence
of the Advisor in the performance of any of its duties or obligations hereunder or (ii) any untrue statement of a material fact
contained in any Registration Statement, proxy materials, reports, advertisements, sales literature, or other materials pertaining
to the Fund or the omission to state therein a material fact known to the Advisor that was required to be stated therein or necessary
to make the statements therein not misleading, unless such statement or omission was made in reliance upon information furnished
to the Sub-Adviser or the Fund by the Advisor Indemnitees for use therein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;REPRESENTATIONS OF THE ADVISOR</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The Advisor represents, warrants and agrees that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Advisor has been duly authorized by the Board of Trustees of the Fund to delegate to the Sub-Adviser the provision of investment
services to the Fund as contemplated hereby.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Advisor has adopted a written code of ethics complying with the requirements of Rule 17j-1 under the Investment Company Act and
will provide the Sub-Adviser with a copy of such code of ethics.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">C.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Advisor is currently in material compliance and shall at all times continue to materially comply with the requirements imposed
upon the Advisor by applicable law and regulations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">D.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Advisor (i) is registered as an investment adviser under the Advisers Act and will continue to be so registered for so long as
this Agreement remains in effect; (ii) is not prohibited by the Investment Company Act, the Advisers Act or other law, regulation
or order from performing the services contemplated by this Agreement; (iii) to the best of its knowledge, has met and will seek
to continue to meet for so long as this Agreement is in effect, any other applicable federal or state requirements, or the applicable
requirements of any regulatory or industry self-regulatory agency necessary to be met in order to perform the services contemplated
by this Agreement; and (v) will promptly notify the Sub-Adviser of the occurrence of any event that would disqualify the Advisor
from serving as investment manager of an investment company pursuant to Section 9(a) of the Investment Company Act or otherwise.&nbsp;&nbsp;The
Advisor will also promptly notify the Sub-Adviser if it is served or otherwise receives notice of any action, suit, proceeding,
inquiry or investigation, at law or in equity, before or by any court, public board or body, involving the affairs of the Fund,
provided, however, that routine regulatory examinations shall not be required to be reported by this provision.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">E.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
execution, delivery and performance of this Agreement do not, and will not, conflict with, or result in any violation or default
under, any agreement to which Advisor or any of its Affiliates are a party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;REPRESENTATIONS
OF THE SUB-ADVISER</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The Sub-Adviser represents, warrants and agrees that:</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Sub-Adviser is currently in material compliance and shall at all times continue to materially comply with the requirements imposed
upon the Sub-Adviser by applicable law and regulations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Sub-Adviser (i) is registered as an investment adviser under the Advisers Act and will continue to be so registered for so long
as this Agreement remains in effect; (ii) is not prohibited by the Investment Company Act, the Advisers Act or other law, regulation
or order from performing the services contemplated by this Agreement; (iii) has met and will seek to continue to meet for so long
as this Agreement remains in effect, any other applicable federal or state requirements, or the applicable requirements of any
regulatory or industry self-regulatory agency necessary to be met in order to perform the services contemplated by this Agreement;
(iv) has the authority to enter into and perform the services contemplated by this Agreement; and (v) will promptly notify the
Advisor of the occurrence of any event that would disqualify the Sub-Adviser from serving as an investment adviser of an investment
company pursuant to Section 9(a) of the Investment Company Act or otherwise.&nbsp;&nbsp;The Sub-Adviser will also promptly notify
the Fund and the Advisor if it is served or otherwise receives notice of any action, suit, proceeding, inquiry or investigation,
at law or in equity, before or by any court, public board or body, involving the affairs of the Fund, provided, however, that routine
regulatory examinations shall not be required to be reported by this provision.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">C.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Sub-Adviser has adopted a written code of ethics complying with the requirements of Rule 17j-1 under the Investment Company Act
and Rule 204A-1 under the Advisers Act and will provide the Advisor and the Board with a copy of such code of ethics, together
with evidence of its adoption.&nbsp;&nbsp;Within forty-five (45) days of the end of the last calendar quarter of each year that
this Agreement is in effect, and as otherwise requested, the president,&nbsp;&nbsp;Chief Compliance Officer or a vice-president
of the Sub-Adviser shall certify to the Advisor that the Sub-Adviser has complied with the requirements of Rule 17j-1 and Rule
204A-1 during the previous year and that there has been no material violation of the Sub-Adviser&rsquo;s code of ethics or, if
such a material violation has occurred, that appropriate action was taken in response to such violation.&nbsp;&nbsp;Upon the written
request of the Advisor, the Sub-Adviser shall permit the Advisor, its employees or its agents to examine the reports required to
be made to the Sub-Adviser by Rule 17j-1(c)(1) and Rule 204A-1(b) and all other records relevant to the Sub-Adviser&rsquo;s code
of ethics.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">D.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Sub-Adviser has provided the Fund and the Advisor with a copy of its Form ADV Parts 1 and 2, which as of the date of this Agreement
is its Form ADV as most recently filed with the SEC, and promptly will furnish a copy of all amendments to the Fund and the Advisor
at least annually.&nbsp;&nbsp;Such amendments shall reflect all changes in the Sub-Adviser&rsquo;s organizational structure, professional
staff or other significant developments affecting the Sub-Adviser, as required by the Advisers Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">E.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Sub-Adviser will notify the Fund and the Advisor of any assignment of this Agreement or change of control of the Sub-Adviser, as
applicable, and any changes in the key personnel who are either the portfolio manager(s) of the Fund or senior management of the
Sub-Adviser, in each case prior to or promptly after, such change.&nbsp;&nbsp;The Sub-Adviser agrees to bear all reasonable expenses
of the Fund, if any, arising out of an assignment or change in control.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">F.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Sub-Adviser will promptly notify the Advisor of any financial condition that is likely to impair the Sub-Adviser&rsquo;s ability
to fulfill its commitment under this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">G.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Sub-Adviser agrees to maintain an appropriate level of errors and omissions or professional liability insurance coverage and, upon
the written request of the Advisor, provide evidence of such insurance coverage to the Advisor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">H.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
execution, delivery and performance of this Agreement do not, and will not, conflict with, or result in any violation or default
under, any agreement to which Sub-Adviser or any of its Affiliates are a party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PROXIES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The Sub-Adviser shall be solely responsible to vote all proxies
received with respect to the Sub-Advised Assets, and shall take all necessary and reasonable steps with respect to corporate actions
related to securities held or previously held as part of the Sub-Advised Assets. The Sub-Adviser shall not incur any liability
to the Fund or the Advisor for</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">failing to vote any proxies, or to take an action with respect to
a corporate action, if it had not received such proxies or related communication on a timely basis.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SUPPLEMENTAL ARRANGEMENTS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The Sub-Adviser may from time to time employ or associate itself
with any person it believes to be particularly suited to assist it in providing the services to be performed by such Sub-Adviser
hereunder, provided that no such person shall perform any services with respect to the Fund that would constitute an assignment
or require a written advisory agreement pursuant to the Investment Company Act.&nbsp;&nbsp;Any compensation payable to such persons
shall be the sole responsibility of the Sub-Adviser, and neither the Advisor nor the Fund shall have any obligations with respect
thereto or otherwise arising under the Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;REGULATION</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The Sub-Adviser shall submit to all regulatory and administrative
bodies having jurisdiction over the services provided pursuant to this Agreement any information, reports, or other material which
any such body by reason of this Agreement may request or require pursuant to applicable laws and regulations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RECORDS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The records relating to the services provided under this Agreement
shall be the property of the Fund and shall be under its control; however, the Fund shall furnish to the Sub-Adviser such records
and permit the Sub-Adviser to retain such records (either in original or in duplicate form) as the Sub-Adviser shall reasonably
require in order to carry out its business.&nbsp;&nbsp;In the event of the termination of this Agreement, such other records shall
promptly be returned to the Fund by the Sub-Adviser free from any claim or retention of rights therein, provided that the Sub-Adviser
may retain any such records that are required to be retained by it by law or regulation.&nbsp;&nbsp;The Advisor and the Sub-Adviser
shall keep confidential any information obtained in connection with their respective duties hereunder and shall disclose such information
only if the Fund has authorized such disclosure or if such disclosure is expressly required or requested by applicable federal
or state regulatory authorities, or otherwise required by law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DURATION
OF AGREEMENT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">This Agreement shall become effective upon the date first above
written and continue in effect for an initial term of two (2) years, provided that this Agreement shall not take effect unless
it has first been approved:&nbsp;&nbsp;(i) by a vote of a majority of those Trustees of the Fund who are not &ldquo;interested
persons&rdquo; (as defined in the Investment Company Act) of any party to this Agreement (&ldquo;Independent Trustees&rdquo;),
cast in person at a meeting called for the purpose of voting on such approval, and (ii) by vote of a majority of the Fund&rsquo;s
outstanding voting securities. This Agreement shall continue in effect for a period of more than two (2) years from the date of
its execution only so long as such continuance is specifically approved at least annually by the Board of Trustees provided that
in such event such continuance shall also be approved by the vote of a majority of the Independent Trustees cast in person at a
meeting called for the purpose of voting on such approval.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">13.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TERMINATION
OF AGREEMENT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">This Agreement may be terminated at any time, without the payment
of any penalty, by the Board of Trustees, including a majority of the Independent Trustees, or by the vote of a majority of the
outstanding voting securities of the Fund, on sixty (60) days&rsquo; written notice to the Advisor and the Sub-Adviser, or by the
Advisor or Sub-Adviser on sixty (60) days&rsquo; written notice to the Fund and the other party.&nbsp;&nbsp;This Agreement will
automatically terminate, without the payment of any penalty, (i) in the event of its assignment (as defined in the Investment Company
Act), or (ii) in the event the Investment Management Agreement between the Advisor and the Fund is assigned (as defined in the
Investment Company Act) or terminates for any other reason.&nbsp;&nbsp;This Agreement will also terminate upon written notice to
the other party that the other party is in material breach of this Agreement, unless the party in material breach of this Agreement
cures such breach to the reasonable satisfaction of the party alleging the breach within thirty (30) days after written notice.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AMENDMENTS
TO THE AGREEMENT</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Except to the extent permitted by the Investment Company Act or
the rules or regulations thereunder or pursuant to exemptive relief granted by the SEC, this Agreement may be amended by the parties
only if such amendment, if material, is specifically approved by the vote of a majority of the outstanding voting securities of
the Fund (unless such approval is not required by Section 15 of the Investment Company Act as interpreted by the SEC or its staff
or unless the SEC has granted an exemption from such approval requirement) and by the vote of a majority of the Independent Trustees
cast in person at a meeting called for the purpose of voting on such approval.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">15.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ASSIGNMENT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Any assignment (as that term is defined in the Investment Company
Act) of this Agreement made by the Sub-Adviser shall result in the automatic termination of this Agreement, as provided in Section
12 hereof.&nbsp;&nbsp; Notwithstanding the foregoing, no assignment shall be deemed to result from any changes in the directors,
officers or employees of such Sub-Adviser except as may be provided to the contrary in the Investment Company Act or the rules
or regulations thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">16.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ENTIRE
AGREEMENT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">This Agreement contains the entire understanding and agreement of
the parties with respect to the Fund.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">17.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HEADINGS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The headings in the sections of this Agreement are inserted for
convenience of reference only and shall not constitute a part hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">18.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NOTICES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">All notices required to be given pursuant to this Agreement shall
be delivered or mailed to the address listed below of each applicable party in person or by registered or certified mail or a private
mail or delivery service providing the sender with notice of receipt or to such other address as specified in a notice duly given
to the other party.&nbsp;&nbsp;Notice shall be deemed given on the date delivered or mailed in accordance with this paragraph.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 48px">&nbsp;</TD>
    <TD STYLE="width: 48px"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For:&nbsp;</FONT></TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Destra Capital Advisors LLC</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Attn: Jane Shissler, General Counsel</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">One North Wacker Drive</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">48th Floor</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Chicago, Illinois 60606</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Phone: (312)843-6171</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Fax: [ ]</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 7%">&nbsp;</TD>
    <TD STYLE="width: 7%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">For:&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 85%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Destra Alternative Access Fund</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">c/o Destra Capital Advisors LLC</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">One North Wacker Drive</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">48th Floor</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Chicago, Illinois 60606</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Facsimile: [&#9;]</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Telephone: [&#9;]</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>



<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 7%">&nbsp;</TD>
    <TD STYLE="width: 7%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">For:&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 85%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">LCM Investment Management, LLC</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Attn: [&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ]</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">13520 Evening Creek Drive N.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Suite 300</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">San Diego, CA 92128</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Phone:&nbsp; [&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ]</P>
	<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Fax:&nbsp; [&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ]</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">19.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SEVERABILITY</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Should any portion of this Agreement for any reason be held to be
void in law or in equity, the Agreement shall be construed, insofar as is possible, as if such portion had never been contained
herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">20.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GOVERNING
LAW</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The provisions of this Agreement shall be construed and interpreted
in accordance with the laws of the State of Delaware, without reference to conflict of law or choice of law doctrines, or any of
the applicable provisions of the Investment Company Act.&nbsp;&nbsp;To the extent that the laws of the State of Delaware, or any
of the provisions in this Agreement, conflict with applicable provisions of the Investment Company Act, the latter shall control.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">21.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;INTERPRETATION</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Any question of interpretation of any term or provision of this
Agreement having a counterpart in or otherwise derived from a term or provision of the Investment Company Act shall be resolved
by reference to such term or provision of the Investment Company Act and to interpretations thereof, if any, by the United States
courts or, in the absence of any controlling decision of any such court, by rules, regulations or orders of the SEC validly issued
pursuant to the Investment Company Act.&nbsp;&nbsp;Specifically, the terms &ldquo;vote of a majority of the outstanding voting
securities,&rdquo; &ldquo;interested persons,&rdquo; &ldquo;assignment,&rdquo; and &ldquo;affiliated persons,&rdquo; as used herein
shall have the meanings assigned to them by Section 2(a) of the Investment Company Act.&nbsp;&nbsp;In addition, where the effect
of a requirement of the Investment Company Act reflected in any provision of this Agreement is relaxed by a rule, regulation or
order of the SEC, whether of special or of general application, such provision shall be deemed to incorporate the effect of such
rule, regulation or order.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">22.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;THIRD
PARTY BENEFICIARY</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The Advisor and Sub-Adviser expressly agree that the Fund shall
be deemed an intended third party beneficiary of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">IN WITNESS WHEREOF, the parties hereto have caused this Agreement
to be executed by their duly authorized officers as of the date first mentioned above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 54%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">DESTRA CAPITAL ADVISORS LLC</FONT></TD>
    <TD STYLE="width: 46%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">LCM Investment Management, LLC</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By: _______________________________</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By: _______________________________</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">DESTRA <FONT STYLE="text-transform: uppercase">Alternative Access</FONT> FUND</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:_______________________________</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</FONT></TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>


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