Ken Merritt
About Ken Merritt
Ken Merritt serves as Assistant Secretary of Destra Multi-Alternative Fund (DMA) and has held this officer role since 2021, having been appointed at a Board meeting on May 25, 2021 . He was born in 1961 and concurrently serves at Destra Capital as Partner & Director, Listed Alternatives (2025–present), after leading Product Management & Development from 2021–2025 and serving as Senior Managing Director for Product Management & Development in 2019–2021 . The Fund’s proxy does not disclose education or DMA-specific performance metrics tied to his role; DMA also states it pays no salaries or compensation to its officers and has no employees (officers are employed by service providers), limiting fund-level pay-for-performance linkage disclosure for Mr. Merritt .
Past Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| Destra Capital Management LLC / Destra Capital Advisors LLC / Destra Capital Investments LLC | Senior Managing Director, Product Management & Development | 2019–2021 | Officer biography listing |
| Destra Capital Management LLC / Destra Capital Advisors LLC / Destra Capital Investments LLC | Partner & Director, Product Management & Development | 2021–2025 | Officer biography listing |
| Destra Capital Management LLC / Destra Capital Advisors LLC / Destra Capital Investments LLC | Partner & Director, Listed Alternatives | 2025–present | Officer biography listing |
| Destra Multi-Alternative Fund (DMA) | Assistant Secretary (officer) | 2021–present (appointed May 25, 2021) | Officer table and footnote appointment date |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| Priority Income Fund | Senior Managing Director, Fund Operations | 2018–2019 | Prior role per officer biography |
| Destra Capital Management LLC | Managing Director, External Wholesaler | 2012–2018 | Prior role per officer biography |
Fixed Compensation
- DMA discloses that it pays no salaries or compensation to its officers and has no employees; officer compensation (including Mr. Merritt’s) is not paid by the Fund and is therefore not disclosed in the Fund’s proxy .
Performance Compensation
- Not applicable at the Fund level. The proxy provides no disclosure of bonus targets, PSUs/RSUs, options, performance metrics, or vesting for officers, as DMA does not compensate officers directly .
Equity Ownership & Alignment
| Item | Disclosure | Source |
|---|---|---|
| Total beneficial ownership (officers) | Not disclosed for individual officers in the proxy | |
| Section 16(a) compliance | Fund states officers and Trustees complied with beneficial ownership reporting in the last fiscal year | |
| Officer pledging/hedging | Not disclosed | |
| Trustee beneficial ownership | As of Sept 30, 2025, no Independent Trustee beneficially owned equity securities of the Fund | |
| 5% holders context | As of record date Nov 14, 2025, Saba held 24.94% of shares outstanding (13D/13G), others below 5% except noted; not specific to Mr. Merritt |
Employment Terms
- Employment agreements, severance, and change‑of‑control provisions for officers are not disclosed by the Fund. As DMA does not employ officers directly, such terms (if any) would reside with Destra Capital or other service providers and are not included in the Fund’s proxy .
Investment Implications
- Compensation alignment and insider-signal visibility: Because DMA does not compensate officers directly and provides no officer-level ownership detail, there is limited transparency into Mr. Merritt’s pay-for-performance, vesting schedules, or potential insider selling pressure from fund-level disclosures .
- Retention and contract risk: No fund-level employment, severance, or change-of-control terms are provided for Mr. Merritt; any such arrangements would be at the adviser level and are not disclosed in the proxy, reducing visibility into retention economics .
- Governance context: Mr. Merritt is a long-tenured Destra product leader and has served as DMA Assistant Secretary since 2021, indicating continuity in fund operations and product oversight responsibilities; however, the lack of officer compensation and ownership disclosure limits the ability to gauge alignment and trading signals at the fund level .