Virtus Dividend, Interest & Premium Strategy Fund (NFJ) reports closed-end fund developments tied to income-oriented portfolio management, distributions, net asset value, and capital actions. The diversified fund seeks current income and gains, with long-term capital appreciation as a secondary objective, and invests in dividend-paying equity securities and income-producing convertible securities while using covered call options on a portion of its portfolio.
Recurring NFJ news includes quarterly distribution announcements, Section 19(a) notices describing distribution sources, managed distribution plan disclosures, share repurchase program updates, tender-offer and material-agreement disclosures, shareholder voting matters, and portfolio-management or governance changes involving the Virtus, NFJ Investment Group, and Voya advisory structure.
Virtus Dividend, Interest & Premium Strategy Fund (NFJ) announced final tender offer results, accepting 25% of its outstanding shares for payment.
The Fund accepted 23,241,811 shares at $15.9192 per share, with payment scheduled on or about October 13, 2026. The price equals 99% of net asset value per share determined at the close of regular New York Stock Exchange trading on October 5, 2026. The offer expired that day at 5:00 p.m. Eastern. Stockholders properly tendered 28,811,699 shares, so approximately 80.67% of each tendering stockholder’s shares were accepted on a prorated basis.
Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) announced preliminary results of its oversubscribed tender offer to acquire up to 25% of outstanding shares.
The offer expired on October 5, 2026, at 5 p.m. Eastern. Preliminary information indicates approximately 28,818,491 shares were tendered pursuant to notices of guaranteed delivery. Purchases from each tendering shareholder will be prorated based on shares properly tendered. Properly tendered and accepted shares will be purchased at $15.9192 per share, equal to 99% of net asset value per share at the close of regular trading on October 5. The Fund expects to announce final results on or about October 7, 2026.
Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) has commenced a cash tender offer starting September 1, 2026 and expiring at 5:00 p.m. Eastern on October 5, 2026, unless extended. The Fund is offering to repurchase up to 25% of its outstanding common shares at a price equal to 99% of its net asset value (NAV) as of the close of regular trading on the Expiration Date.
If more than 25% of outstanding shares are tendered, shares will be accepted on a pro rata basis among tendering shareholders. The tender offer is being made under terms and conditions described in the Fund’s Schedule TO filing and related Tender Offer materials available from the SEC and the Fund.
Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) will launch a cash self-tender offer to buy up to 25% of outstanding shares at a price equal to 99% of net asset value (NAV). The offer’s purchase price will be determined using NAV at market close on the offer expiration date.
The tender is expected to be completed by October 14, 2026. Purchases will be prorated if more than 25% of shares are validly tendered; if fewer shares are tendered the Fund will only buy those shares. Saba Capital entered a standstill and withdrew its 2026 nomination under the agreement.
Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) announced a board-approved tender offer to purchase for cash up to 25% of outstanding common shares at a price equal to 99.0% of NAV determined after the offer. The Tender Offer is expected to commence on or about September 1, 2026.
The Tender Offer is proposed under an agreement with Saba Capital Management that expires after the Fund's 2028 proxy season; during the agreement Saba agreed to standstill provisions and voting commitments. Final terms will appear in the Fund's offering materials and SEC filings.
Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) renewed its open market share repurchase program on March 9, 2026. The Board approved authority to repurchase up to 5% of outstanding common shares (based on shares outstanding on March 4, 2026).
The Fund previously repurchased 1,834,337 shares for $23.4 million under the Program. Repurchases will target purchases at a discount to NAV, are discretionary, and will be disclosed in the Fund’s annual and semi-annual reports. There is no assurance of repurchase timing, amounts, or NAV impact; transactions remain subject to exchange rules and federal securities limitations.
Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) declared a quarterly distribution of $0.305 per share, with an ex-date/record date of March 16, 2026 and a payable date of March 30, 2026. The Fund estimates 94.9% of the distribution is return of capital and 5.1% is net investment income. Fiscal year began February 1, 2026. Reported metrics: 5-year NAV return 6.49% and annualized current distribution rate 8.31% (as of February 27, 2026).
Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) announced a quarterly distribution of $0.305 per share, with an ex-date/record date of December 11, 2025 and a payable date of December 30, 2025.
The Fund estimates the distribution sources for December 2025: 6.6% net investment income ($0.020), 33.4% short-term gains ($0.102) and 60.0% long-term gains ($0.183). Fiscal year-to-date distributions total $1.220 per share, with 17.4% of that being return of capital ($0.212).
Performance metrics on NAV as of October 31, 2025 include a 5-year average annual return of 8.88% and an annualized current distribution rate of 8.37%. The Fund warns that distribution source estimates are preliminary and tax reporting will follow on Form 1099-DIV.
Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) has declared a quarterly distribution of $0.305 per share, payable on September 29, 2025, with an ex-date of September 12, 2025.
The Fund's distribution analysis reveals that 81.9% of the year-to-date distributions represent return of capital, with the remaining comprising 4.6% from net investment income and 13.5% from long-term capital gains. The Fund's 5-year average annual total return on NAV stands at 7.90%, with an annualized current distribution rate of 8.71%.
The Fund operates under a Managed Distribution Plan, aiming to maintain consistent distribution levels that may be funded through various sources including net investment income, realized capital gains, or return of capital.
Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) announced a portfolio management change. Thomas Oliver, CFA, CPA is departing from his role as portfolio manager. The fund will continue to be managed by the remaining team including John Mowrey, Burns McKinney, Kris Marca from NFJ Investment Group, and Justin Kass, Michael Yee, and Ethan Turner from Voya Investment Management.
The fund emphasized that there will be no changes to the investment processes, which will maintain their team-oriented approach.