Saba Capital boosts Virtus Dividend & Premium (NFJ) stake with share buys

Rhea-AI Filing Summary

Saba Capital Management, L.P., a 10% owner of Virtus Dividend, Interest & Premium Strategy Fund (NFJ), reported open-market purchases of the fund’s common stock. On February 9, 2026, it bought 5,300 shares at $13.58 each, held indirectly.

On February 10, 2026, Saba Capital bought an additional 51,354 common shares at $13.70 per share. Following these transactions, it indirectly beneficially owned 9,851,693 NFJ common shares.

Insider Trade Summary

Net Buyer: 56,654 shares ($775,524)

Net Buy 2 txns

Insider Saba Capital Management, L.P.

Role 10% Owner

Bought 56,654 shs ($776K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	51,354	$13.70	$704K
Purchase	Common Stock	5,300	$13.58	$72K

Holdings After Transaction: Common Stock — 9,851,693 shares (Indirect, -)

Footnotes (1)

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Saba Capital Management, L.P.

(Last) (First) (Middle)

405 LEXINGTON AVENUE

58TH FLOOR

(Street)

NEW YORK NY 10174

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Virtus Dividend, Interest & Premium Strategy Fund [ NFJ ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/09/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/09/2026		P		5,300	A	$13.58	9,800,339	I	-
Common Stock	02/10/2026		P		51,354	A	$13.7	9,851,693	I	-

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	Saba Capital Management, L.P. By: Zachary Gindes	02/11/2026
	Boaz Weinstein	02/11/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions in NFJ did Saba Capital report?

Saba Capital Management, L.P. reported open-market purchases of NFJ common stock. It bought 5,300 shares on February 9, 2026 and 51,354 shares on February 10, 2026, increasing its indirectly held beneficial stake in the fund.

How many NFJ shares does Saba Capital beneficially own after these trades?

After the reported transactions, Saba Capital Management, L.P. beneficially owned 9,851,693 NFJ common shares on an indirect basis. This figure reflects holdings following the February 9 and February 10, 2026 open-market purchases disclosed in the Form 4 filing.

At what prices did Saba Capital buy NFJ shares in February 2026?

Saba Capital Management, L.P. bought 5,300 NFJ common shares at $13.58 per share on February 9, 2026. It then purchased 51,354 additional shares at $13.70 per share on February 10, 2026, according to the reported Form 4 transactions.

What do the Form 4 transaction codes mean for Saba Capital’s NFJ trades?

Both NFJ trades are marked with transaction code P, indicating open-market or private purchase of non-derivative securities. Saba Capital bought NFJ common stock rather than selling or exercising derivatives, and the positions are reported as indirectly beneficially owned.

Are Saba Capital’s NFJ holdings reported as direct or indirect ownership?

Saba Capital’s NFJ holdings are reported as indirect ownership on the Form 4. The common stock acquisitions and the resulting 9,851,693 beneficially owned shares are all shown with an indirect ownership form, with no additional nature of ownership detail in the excerpt.

Did Saba Capital report any NFJ derivative securities in this filing?

No derivative securities are reported for NFJ in this Form 4 excerpt. Table II, which would list options, warrants, or other derivatives, contains no NFJ-related entries, indicating only common stock purchases were disclosed in this particular filing segment.