As filed with the Securities and Exchange Commission on February 4, 2022
Securities Act Registration No. 333-167073
Investment Company Act Registration No. 811-22417
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-1A
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 | [x] | ||
Pre-Effective Amendment No. __ | [_] | ||
Post-Effective Amendment No. 74 | [x] | ||
and/or | |||
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 | [x] | ||
Amendment No. 75 | [x] |
(Check appropriate box or boxes.)
Destra Investment Trust
(Exact Name of Registrant as Specified in Charter)
443 North Wilson Avenue
Bozeman, Montana 59715
(Address of Principal Executive Offices)(Zip Code)
Registrant’s Telephone Number, including Area Code: (877) 855-3434
Robert Watson
Destra Capital Management LLC
443 North Willson Avenue
Bozeman, Montana 59715
(Name and Address of Agent for Service)
With copy to:
Joshua B. Deringer
Faegre Drinker Biddle & Reath LLP
One Logan Square, Ste. 2000
Philadelphia, PA 19103-6996
215-988-2700
This post-effective amendment will become effective immediately pursuant to Rule 462(d).
EXPLANATORY NOTE
This Post-Effective Amendment No. 74 to the registration statement on Form N-1A (File No. 333-167073) of Destra Investment Trust (the “Trust”) (the “Registration Statement”) is being filed pursuant to Rule 462(d) under the Securities Act of 1933, as amended (the “Securities Act”), solely for the purpose of filing exhibits to the Registration Statement. Accordingly, this Post-Effective Amendment No. 74 consists only of a facing page, this explanatory note, Part C of the Registration Statement, and exhibit (p)(ii), filed pursuant to Item 28 of the Registration Statement. This Post-Effective Amendment No. 74 does not modify any other part of the Registration Statement. Pursuant to Rule 462(d) under the Securities Act, this Post-Effective Amendment No. 74 shall become effective immediately upon filing with the Securities and Exchange Commission. Parts A and B of the Registration Statement are hereby incorporated by reference to the Trust’s prospectus and statements of additional information dated February 1, 2022.
PART C:
OTHER INFORMATION
Destra Investment Trust (the “Registrant ”)
Item 28. Exhibits
Item 29. Persons Controlled by or Under Common Control With Registrant
Not Applicable.
Item 30. Indemnification
Section 9.5 of the Registrant's Declaration of Trust provides as follows:
Subject to the exceptions and limitations contained in this Section 9.5, every person who is, or has been, a Trustee, officer, or employee of the Trust, including persons who serve at the request of the Trust as directors, trustees, officers, employees or agents of another organization in which the Trust has an interest as a shareholder, creditor or otherwise (hereinafter referred to as a “Covered Person”), shall be indemnified by the Trust to the fullest extent permitted by law against liability and against all expenses reasonably incurred or paid by him or in connection with any claim, action, suit or proceeding in which he becomes involved as a party or otherwise by virtue of his being or having been such a Trustee, director, officer, employee or agent and against amounts paid or incurred by him in settlement thereof.
No indemnification shall be provided hereunder to a Covered Person to the extent such indemnification is prohibited by applicable federal law.
The rights of indemnification herein provided may be insured against by policies maintained by the Trust, shall be severable, shall not affect any other rights to which any Covered Person may now or hereafter be entitled, shall continue as to a person who has ceased to be such a Covered Person and shall inure to the benefit of the heirs, executors and administrators of such a person.
Subject to applicable federal law, expenses of preparation and presentation of a defense to any claim, action, suit or proceeding subject to a claim for indemnification under this Section 9.5 shall be advanced by the Trust prior to final disposition thereof upon receipt of an undertaking by or on behalf of the recipient to repay such amount if it is ultimately determined that he is not entitled to indemnification under this Section 9.5.
To the extent that any determination is required to be made as to whether a Covered Person engaged in conduct for which indemnification is not provided as described herein, or as to whether there is reason to believe that a Covered Person ultimately will be found entitled to indemnification, the Person or Persons making the determination shall afford the Covered Person a rebuttable presumption that the Covered Person has not engaged in such conduct and that there is reason to believe that the Covered Person ultimately will be found entitled to indemnification.
As used in this Section 9.5, the words “claim,” “action,” “suit” or “proceeding” shall apply to all claims, demands, actions, suits, investigations, regulatory inquiries, proceedings or any other occurrence of a similar nature, whether actual or threatened and whether civil, criminal, administrative or other, including appeals, and the words “liability” and “expenses” shall include without limitation, attorneys' fees, costs, judgments, amounts paid in settlement, fines, penalties and other liabilities.
Item 31. Business and Other Connections of Investment Adviser
(A) Destra Capital Advisors LLC serves as investment adviser to Destra Granahan Small Cap Advantage Fund. Its principal address is 443 N. Willson Ave., Bozeman, MT, 59715. The principal executive officers of Destra Capital Advisors LLC are also directors, officers, employees or trustees of Destra Capital Investments LLC, an affiliated entity. Destra Capital Investments LLC's principal address is 443 N. Willson Ave., Bozeman, MT, 59715.
Information as to other business, profession, vocation or employment during the past two years of the officers and directors of Destra Capital Advisors LLC is as follows :
NAME AND POSITION WITH DESTRA CAPITAL ADVISORS LLC | EMPLOYMENT DURING PAST TWO YEARS | |
Dominic C. Martellaro, Chief Executive Officer | Chief Executive Officer and Registered Salesperson of Destra Capital Advisors, LLC and Destra Capital Investments, LLC; Member, Destra Capital Management LLC | |
Robert Watson, President | Head of Investments, Product & Marketing, Destra Capital Investments LLC |
(B) DFC Preferred Advisors LLC serves as investment adviser to Destra Flaherty & Crumrine Preferred and Income Fund. Its principal address is 443 N. Willson Ave., Bozeman, MT, 59715. DFC Preferred Advisors LLC was newly formed on October 13, 2020 by Destra Capital Advisors. The new advisory agreement between Destra Flaherty & Crumrine Preferred and Income Fund and DFC Preferred Advisors LLC is available herein and available to review under Exhibit (d)(1)(b).
(C) Flaherty and Crumrine Incorporated serves as investment sub-adviser to the Destra Flaherty & Crumrine Preferred and Income Fund, a series of the registrant. Flaherty and Crumrine Incorporated’s principal address is 301 E. Colorado Blvd., Suite 800, Pasadena, California 91101. Information as to the officers and directors of Flaherty and Crumrine Incorporated is included in its current form ADV filed with the Securities and Exchange Commission and is incorporated by reference herein.
(D) Granahan Investment Management, Inc. serves as investment sub-adviser to the Destra Granahan Small Cap Advantage Fund, a series of the Registrant. Granahan Investment Management, Inc.’s principal address is 404 Wyman Street, Suite 460, Waltham, Massachusetts 02451. Information as to the officers and directors of Granahan Investment Management, Inc. is included in its current Form ADV filed with the Securities and Exchange Commission and is incorporated by reference herein.
ITEM 32. PRINCIPAL UNDERWRITER
(a) Not applicable.
(b) Positions and Offices with Underwriter.
NAME AND PRINCIPAL BUSINESS ADDRESS | POSITIONS AND OFFICES WITH UNDERWRITER | POSITIONS AND OFFICES WITH REGISTRANT | ||
James R. Yount Bozeman, MT, 59715 | President | None | ||
Robert A. Watson Bozeman, MT, 59715 | Senior Managing Director | President | ||
Dominic C. Martellaro Bozeman, MT, 59715 | Chief Executive Officer | None |
(c) Not Applicable.
Item 33. Location of Accounts and Records
All accounts, books, and other documents required to be maintained by Section 31(a) of the Investment Company Act of 1940 and the rules promulgated thereunder are maintained at the offices of (1) the Registrant’s Administrator, (2) the Custodian, (3) the Investment Manager(s), (4) the Sub-Adviser(s), and/or (5) the Registrant’s counsel. The address of each is as follows:
1. | UMB Fund Services, Inc. 235 W. Galena Street Milwaukee, WI 53212 |
2. | UMB Bank, N.A. 1010 Grand Blvd. Kansas City, MO 64106 | ||
3. | a. | Destra Capital Advisors LLC Bozeman, MT, 59715 | |
b. | DFC Preferred Advisors LLC 443 N. Willson Ave. Bozeman, MT, 59715 | ||
4. | a. | Flaherty and Crumrine Incorporated 301 E. Colorado Blvd., Suite 800 Pasadena, CA 91101 | |
b. | Granahan Investment Management, Inc. 404 Wyman Street, Suite 460 Waltham, MA 02451 | ||
5. | Faegre Drinker Biddle & Reath LLP One Logan Square, Ste. 2000 Philadelphia, PA 19103 |
Item 34. Management Services
Not Applicable.
Item 35. Undertakings
Not Applicable.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended (the “1933 Act”), and the Investment Company Act of 1940, as amended, the Registrant has duly caused this Post-Effective Amendment to its Registration Statement to be signed on its behalf by the undersigned, thereto duly authorized, in the City of Bozeman in the State of Montana on the 4th day of February 2022.
Destra Investment Trust | |||
By: | /s/ Robert Watson | ||
Name: Robert Watson Title: President |
Pursuant to the requirements of the 1933 Act, this Registration Statement has been signed below by the following persons in the capacities and on the dates indicated.
/s/ Robert Watson | President | February 4, 2022 | |||
Robert Watson | |||||
/s/ Derek Mullins | Chief Financial Officer and Treasurer | February 4, 2022 | |||
Derek Mullins | |||||
* John S. Emrich | Trustee | February 4, 2022 | |||
John S. Emrich | |||||
* Michael S. Erickson | Trustee | February 4, 2022 | |||
Michael S. Erickson | |||||
* Jeffery S. Murphy | Trustee | February 4, 2022 | |||
Jeffery S. Murphy | |||||
* Nicholas Dalmaso | Trustee | February 4, 2022 | |||
Nicholas Dalmaso | |||||
*By: | /s/ Robert Watson | ||||
Robert Watson | |||||
Attorney-In-Fact (pursuant to Power of Attorney) |
Exhibit Index
(p) (ii) | DFC Preferred Advisors LLC Code of Ethics |