Virtus Dividend, Interest & Premium Strategy Fund (NFJ) has launched an issuer tender offer to repurchase for cash up to 23,241,811 common shares, equal to 25% of its 92,967,244 shares outstanding as of July 31, 2026. The shares are listed on the New York Stock Exchange.
The offer is scheduled to expire at 5:00 p.m. Eastern Time on October 5, 2026, unless extended. The purchase price per share will be 99% of net asset value (NAV) as of the close of regular NYSE trading on the expiration date. The fund states it has no plans at this time to borrow to finance purchases and that any trustees or officers who tender would do so on the same terms as other shareholders, although to the fund’s knowledge they do not currently intend to tender.
Virtus Dividend, Interest & Premium Strategy Fund (NFJ) director Connie D. McDaniel reported an open-market purchase of 350 shares of Common Stock on 2026-08-20 at $15.67 per share. Following this transaction, McDaniel directly owns 777 shares. The Rule 10b5-1 trading plan checkbox was not marked as applicable.
Saba Capital Management and affiliates filed an amended Schedule 13D on Virtus Dividend, Interest and Premium Strategy Fund, reporting beneficial ownership of 10,216,703 common shares, or 10.99% of the outstanding class. The group and the fund entered a standstill agreement under which the fund agreed to commence a cash tender offer to repurchase 25% of its outstanding common shares at a price equal to 99% of net asset value per share. The standstill runs through the earlier of the conclusion of the 2028 annual shareholder meeting or July 15, 2028, the date the fund does not conduct or discontinues the tender offer, or October 21, 2026 if the tender offer payment date has not occurred. In connection with this agreement, Saba withdrew its notice of intent to nominate an independent trustee at the 2026 annual meeting.
Virtus Dividend, Interest & Premium Strategy Fund announced its Board approved a tender offer to buy for cash up to 25% of the Fund's outstanding common shares at a price equal to 99.0% of the Fund's net asset value per share (NAV). The Tender Offer is expected to commence on or about September 1, 2026 and is proposed under an agreement with Saba Capital Management, L.P. that expires after the Fund's 2028 proxy season; that agreement includes standstill provisions and voting commitments. Offering materials and formal tender documents will be distributed to shareholders and filed with the SEC.
NFJ submitted a Form N-CEN annual report template that lists operational, governance and service‑provider fields for the reporting period.
The report discloses aggregate brokerage commissions of $966,302 and itemized gross commissions to ten brokers (examples include $200,722, $161,799, $132,099,702 listed as a principal counterparty transaction value). Many template fields (CIK, fund name, addresses, officer names) are left as placeholders.
Virtus Dividend, Interest & Premium Strategy Fund (NFJ) filed its annual Form N-CSR reporting for the fiscal year ended January 31, 2026. The report reviews portfolio performance, distributions under a Managed Distribution Plan (quarterly rate $0.305 per share), a prior share repurchase program, and detailed holdings, exposures, and risks. For the 12 months ended January 31, 2026, NFJ's NAV returned 12.11% and market price returned 13.65%. The filing includes manager commentaries for NFJ and four related closed-end funds, schedules of investments, leverage disclosures, and key investment definitions.
Saba Capital Management, L.P., a more than ten percent owner of Virtus Dividend, Interest & Premium Strategy Fund, reported an open-market purchase of 3,509 fund shares at $12.65 per share. After this transaction, it indirectly holds a total of 10,216,703 shares of the fund.
Saba Capital Management, L.P., a ten percent owner of Virtus Dividend, Interest & Premium Strategy Fund (NFJ), reported an open-market purchase of common stock. It bought 30,502 shares on March 30, 2026 at $12.39 per share, held indirectly. After this transaction, Saba Capital reported owning 10,213,194 shares of the fund’s common stock in total, indicating this was a relatively small addition to an already large position.
Saba Capital Management, L.P., a ten percent owner of Virtus Dividend, Interest & Premium Strategy Fund, reported two open-market purchases of common stock. On March 27, 2026, it bought 92,048 shares at $12.35 per share, and on March 26, 2026, it bought 68,783 shares at $12.52 per share. After these indirect purchases, Saba Capital’s reported holdings increased to 10,182,692 common shares.