Saba Capital ups stake in Virtus NFJ Fund (NYSE: NFJ) with new buys

Rhea-AI Filing Summary

Saba Capital Management, L.P., a more than 10% owner of Virtus Dividend, Interest & Premium Strategy Fund (NFJ), reported buying additional common shares. The firm purchased 48,073 shares on 01/29/2026 and 40,566 shares on 01/30/2026, both at $13.44 per share. Following these indirect purchases, Saba Capital reported beneficial ownership of 9,603,932 NFJ common shares. No derivative securities transactions were reported.

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

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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)
01/29/2026

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	01/29/2026		P		48,073	A	$13.44	9,563,366	I	-
Common Stock	01/30/2026		P		40,566	A	$13.44	9,603,932	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	02/02/2026
	Boaz Weinstein	02/02/2026
	** 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 activity did Saba Capital report for NFJ?

Saba Capital Management, L.P. reported purchases of NFJ common stock. It bought 48,073 shares on January 29, 2026 and 40,566 shares on January 30, 2026 at $13.44 per share, increasing its indirect beneficial ownership to 9,603,932 shares.

On what dates did Saba Capital buy NFJ shares and at what price?

Saba Capital bought NFJ common stock on January 29, 2026 and January 30, 2026. On each date, the reported purchase price was $13.44 per share, reflecting consistent pricing across both transactions disclosed in this Form 4 filing.

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

After the reported transactions, Saba Capital Management, L.P. beneficially owns 9,603,932 NFJ common shares indirectly. This figure reflects the position following the January 30, 2026 purchase and is reported in the Form 4 as the post-transaction ownership amount.

Were the NFJ shares held directly or indirectly by Saba Capital?

The NFJ shares are reported as held indirectly by Saba Capital Management, L.P. The Form 4 marks the ownership form as “I” (indirect) for these common stock holdings, with no additional nature-of-ownership detail provided in the excerpt.

Did Saba Capital report any derivative securities for NFJ in this Form 4?

No derivative securities were reported in this Form 4. The section for options, warrants, or other derivative instruments shows no entries, indicating only non-derivative NFJ common stock purchases were disclosed in this particular filing excerpt.

What is the significance of Saba Capital being a more than 10% owner of NFJ?

Being a more than 10% owner makes Saba Capital an insider under U.S. securities rules. This status requires timely Form 4 filings whenever it buys or sells NFJ shares, providing investors with transparency into significant shareholder trading activity.