Common use of Short-Term Trading Clause in Contracts

Short-Term Trading. Investment Personnel and Fund Trustee’s shall not profit in the purchase and sale, or sale and purchase, of the same (or equivalent) security within sixty calendar days. Access persons shall not profit in the purchase and sale, or sale and purchase of any Destra Fund or Trust within sixty calendar days. Trades made in violation of this prohibition shall be unwound or, if that is impracticable, any profits must be disgorged to a charitable organization that is selected by the CCO or their designee.

Appears in 6 contracts

Samples: Code of Ethics (Destra Investment Trust), Code of Ethics (Destra Investment Trust II), Code of Ethics (Destra Investment Trust)

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