<SEC-DOCUMENT>0001580642-18-005730.txt : 20181203
<SEC-HEADER>0001580642-18-005730.hdr.sgml : 20181203
<ACCEPTANCE-DATETIME>20181203165705
ACCESSION NUMBER:		0001580642-18-005730
CONFORMED SUBMISSION TYPE:	497
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20181203
DATE AS OF CHANGE:		20181203
EFFECTIVENESS DATE:		20181203

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:		497
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-189008
		FILM NUMBER:		181214543

	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>497
<SEQUENCE>1
<FILENAME>destramsgi_497s.htm
<DESCRIPTION>497
<TEXT>
<HTML>
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<TITLE></TITLE>
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<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Destra Alternative Access Fund</B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(f/k/a Multi-Strategy Growth &amp; Income
Fund)</B></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Supplement dated December 3, 2018</B><BR>
<B>to the Prospectus and Statement of Additional Information </B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>dated July 1, 2018 and supplemented on August
21, 2018</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">__________________________________________</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&#9;Effective immediately, Destra Capital
Advisors LLC (&#8220;Destra&#8221;) replaces Pinhook Capital, LLC (f/k/a LCM Investment Management, LLC) (&#8220;Pinhook&#8221;)
as the investment adviser to Multi-Strategy Growth &amp; Income Fund (the &#8220;Fund&#8221;). The Fund, Destra and Pinhook have
entered into a sub-advisory agreement, where Pinhook will serve as sub-adviser to the Fund.&#9;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">At an in-person
meeting held on October 3, 2018, the Fund&#8217;s Board of Trustees approved the appointment of Destra, to serve as investment
adviser and Pinhook to serve as investment sub-adviser to the Fund. A shareholder meeting was held on November 20, 2018, at which
time the shareholders approved an investment advisory agreement with Destra and an investment sub-advisory agreement with Pinhook
by vote of a majority of the Fund&#8217;s outstanding shares.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Any references to
LCM, in the Fund&#8217;s Prospectus and Statement of Additional Information, <I>as the adviser to the Fund</I> are hereby replaced
with Destra. The Prospectus and Statement of Additional Information are updated to reflect Pinhook as the current sub-adviser to
the Fund. All remaining references to LCM are hereby replaced with Pinhook.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The following paragraphs
replace the current information listed under the section heading &#8220;<B>Management of the Fund-Investment Adviser</B>&#8221;
on page 21 of the Fund&#8217;s Prospectus in its entirety.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify"><B>Investment Adviser</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify">Destra Capital Advisors LLC (
the &#8220;Adviser&#8221;), located at 444 West Lake Street, Suite 1700, Chicago, IL, serves as the Fund&#8217;s investment adviser.
The Adviser is registered with the SEC as an investment adviser under the Investment Advisers Act of 1940, as amended. The Adviser
is a wholly-owned subsidiary of Destra Capital Management, LLC, a holding company, which is in turned controlled by Continuum Funds
Holdings, LLC. As of September 30, 2018 the Adviser had approximately $299 million in assets under management.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify">Under the general supervision
of the Fund&#8217;s Board of Trustees, the Adviser will carry out the investment and reinvestment of the net assets of the Fund,
will furnish continuously an investment program with respect to the Fund, and determine which securities should be purchased, sold
or exchanged. The Adviser will furnish to the Fund office facilities, equipment and personnel for servicing the management of the
Fund. The Adviser will compensate all Adviser personnel who provide services to the Fund. In return for these services, facilities
and payments, the Fund has agreed to pay the Adviser as compensation under an investment management agreement (the &#8220;Investment
Management Agreement&#8221;) a monthly management fee computed at the annual rate of 1.35% of the daily net assets of the Fund.
The Adviser may employ research services and service providers to assist in the Adviser&#8217;s market analysis and investment
selection. In addition, the Adviser and the Fund have entered into an expense limitation agreement (the &#8220;Expense Limitation
Agreement&#8221;) under which, until November 30, 2020, the Adviser has agreed to reduce its fees and/or absorb expenses of the
Fund to ensure that total fund operating expenses after fee waiver and/or</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify">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 the Adviser)) will not exceed 1.95% of Class A shares&#8217; net assets, 2.45% of Class L shares&#8217;
net assets, 2.70% of Class C shares&#8217; net assets, and 1.70% of Class I shares&#8217; net assets. Expense waivers and reimbursements
are subject to possible recoupment from the Fund in future years on a rolling three year basis (within the three years after the
fees have been waived or reimbursed) if such recoupment can be achieved within the lesser of the foregoing expense limits or those
in place at the time of recapture. During the initial term, this agreement may be terminated only by the Fund&#8217;s Board of
Trustees, on 60 days written notice to the Adviser. Thereafter, any party may terminate the Expense Limitation Agreement upon 60
days&#8217; notice to the other party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify">A discussion regarding the basis
for the Board of Trustees&#8217; approval of the Investment Management Agreement will be available in the Fund&#8217;s annual report
to shareholders for the period ended February 28, 2018.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">The following section is inserted below
the sub heading titled &ldquo;<B>Management of the Fund- Investment Adviser</B>&rdquo; on page 21 of the Fund&#8217;s Prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify"><B>The Sub-Adviser</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify">Pursuant to an investment sub-advisory
agreement (the &#8220;Sub-Advisory Agreement&#8221;), the Adviser has engaged Pinhook Capital, LLC (formerly LCM Investment Management,
LLC) (the &#8220;Sub-Adviser&#8221;) to act as the Fund&#8217;s investment sub-adviser and make investment decisions for the Fund&#8217;s
portfolio, subject to the oversight of the Adviser. The Sub-Adviser was established in June 2011 for the purpose of providing investment
management services to institutional investors such as the Fund. The Sub-Adviser, located at 13520 Evening Creek Drive N., Suite
300, San Diego, CA 92128, had $534 million in assets under management as of September 30, 2018.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify">The Sub-Advisory Agreement provides
that the Sub-Adviser is entitled to receive an annual fee from the Adviser equal to 50% of the net revenue received by the Adviser
after any fee waivers and shared expenses between the Adviser and the Sub-Adviser, subject to a maximum of 0.675% of the Fund&#8217;s
average daily net assets. The Sub-Adviser is compensated by the Adviser, not the Fund. The Sub-Adviser served as investment adviser
to the Fund until November 30, 2018.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify">A discussion regarding the basis
for the Board of Trustees&#8217; approval of the Sub-Advisory Agreement will be available in the Fund&#8217;s annual report to
shareholders for the period ended February 28, 2019.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">The following trustee and officer information
replaces, in its entirety, the information listed under the section heading &#8220;<B>Management of the Fund-Trustee Qualifications</B>&#8221;
on page 13 of the Fund&#8217;s Statement of Additional Information.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-right: 0; margin-left: 0.5in">The Board believes
each Trustee possesses experiences, qualifications, and skills valuable to the Fund. Each Trustee 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; text-align: justify; margin-right: 0; margin-left: 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 Meridian Fund, Inc. Prior to such positions he also performed business valuations and appraisal analyses at KPMG Peat Marwick,
an accounting firm.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-right: 0; margin-left: 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 and has significant financial management experience. 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). In addition to the Fund and the Destra Fund
complex, he presently serves on the board of the Meridian Fund. Mr. Erickson also is the Chief Financial Officer of two family-owned
real estate-related companies, Erickson Holding Corp. and McGee Island, LLC, and serves on the board of McGee Island, LLC.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-right: 0; margin-left: 0.5in"><I>Nicholas Dalmaso.
</I>Mr. Dalmaso has experience as General Counsel and Chief Administrative Officer at Claymore Securities, Inc. His work experience
in the mutual fund industry and educational background have prepared him to be a Trustee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-right: 0; margin-left: 0.5in; text-indent: 0.5in">Following
is a list of the Trustees and executive officers of the Trust and his or her principal occupation over the last five years. Unless
otherwise noted, the address of each Trustee and Officer is c/o Destra Alternative Access Fund, 444 West Lake Street, Suite 1700,
Chicago, IL 60606.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font-size: 10pt; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 16%; border: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="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: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="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: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="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: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><B>Number of Portfolios in the Fund Complex** Overseen by Trustee</B></FONT></TD>
    <TD STYLE="width: 18%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><B>Other Directorships Held by Trustee 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; padding-right: 5.4pt; padding-left: 5.4pt">
        <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 Trustees</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; padding-right: 5.4pt; padding-left: 5.4pt">
        <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">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: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Trustee since November 2018</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <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; font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">4</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <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">&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; padding-right: 5.4pt; padding-left: 5.4pt">
        <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: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Trustee since November 2018</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <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; font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">4</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <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">&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>
</TABLE>

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

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    <TD STYLE="width: 16%; border: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <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: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Trustee since November 2018</FONT></TD>
    <TD STYLE="width: 34%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="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; font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="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; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Aston Funds, 2010 to 2014</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></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; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><I>Interested Trustee and Officers </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; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Nicholas Dalmaso<SUP>***</SUP></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: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Chairman and Trustee since November 2018</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <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; font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">4</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <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; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Robert Watson</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: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">President since November 2018</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Investment Product Strategist, Destra Capital Investments LLC (since
        2011); Global Product &amp; Strategic Relationship Director, Aviva Investors (asset management) (2010-2011).</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 Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">n/a/</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">n/a</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; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Derek Mullins</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Birth year: 1973</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Chief Financial Officer and Treasurer since November 2018</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Managing Partner, PINE Advisor Solutions; Director of Operations,
        Arrowpoint Asset Management, LLC (2009-2018); Chief Financial Officer (Principal Financial Officer) and Treasurer, Meridian Fund,
        Inc. (2013-2018).</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 Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">n/a</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">n/a</FONT></TD></TR>
</TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font-size: 10pt; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 16%; border: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Jane Hong Shissler</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Birth year: 1972</P></TD>
    <TD STYLE="width: 14%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Chief Compliance Officer and Secretary since November 2018</FONT></TD>
    <TD STYLE="width: 34%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">General Counsel, Destra Capital Management LLC, Destra Capital Investments
        LLC and Destra Capital Management LLC; Partner (2012-2015) and Associate (2005-2012), Chapman and Cutler LLP.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="width: 18%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">n/a</FONT></TD>
    <TD STYLE="width: 18%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">n/a</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">* The term of office for the Trustees
and officers listed above will continue indefinitely.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">** The term &#8220;Fund Complex&#8221;
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 0 0 0.5in; text-align: justify">*** Mr. Dalmaso is an &#8220;Interested
Person&#8221; of the Fund, as defined by the 1940 Act, by reason of his position with Destra.</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><I>This Supplement, dated December 3,
2018, and the Prospectus and Statement of Additional Information dated July 1, 2018 and supplemented on August 21, 2018, provide
relevant information for all shareholders and should be retained for future reference. The Prospectus and the Statement of Additional
Information have been filed with the Securities and Exchange Commission, are incorporated by reference, and can be obtained without
charge by calling 844-9DESTRA.</I></P>


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