Saba Capital buys more NFJ shares in open market

Saba Capital Management, L.P., a greater-than-10% owner of Virtus Dividend, Interest & Premium Strategy Fund, bought additional Common Stock in an open-market transaction.

Rhea-AI Filing Summary

Saba Capital Management, L.P., a greater-than-10% owner of Virtus Dividend, Interest & Premium Strategy Fund, bought additional Common Stock in an open-market transaction. It acquired 66,031 shares at $12.52 per share and now indirectly holds 9,963,690 shares in total, indicating a routine increase in its position.

Insights

Closed-end fund governance analyst

Large shareholder modestly increased its NFJ stake via open-market buying.

Saba Capital Management, L.P. purchased 66,031 NFJ Common Stock shares at $12.52 each in an open-market trade. Following this transaction, it indirectly holds 9,963,690 shares, affirming its role as a significant shareholder.

This is a straightforward net-buy transaction, with no derivatives or tax-withholding mechanics disclosed. The added shares are small compared with Saba’s existing position, suggesting an incremental adjustment rather than a transformational move.

Insider Trade Summary

Net Buyer: 66,031 shares

Net Buy 1 txn

Insider Saba Capital Management, L.P.

Role 10% Owner

Bought 66,031 shs ($827K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	66,031	$12.52	$827K

Holdings After Transaction: Common Stock — 9,963,690 shares (Indirect, -)

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Saba Capital Management do in this NFJ Form 4 filing?

Saba Capital Management, L.P. reported buying 66,031 shares of Virtus Dividend, Interest & Premium Strategy Fund Common Stock. The purchase was an open-market transaction at $12.52 per share, increasing its already large indirect ownership stake in the fund.

How many NFJ shares does Saba Capital Management own after this transaction?

After the reported transaction, Saba Capital Management, L.P. indirectly owns 9,963,690 shares of Virtus Dividend, Interest & Premium Strategy Fund. This figure, disclosed in the filing, reflects its updated total holdings following the 66,031-share open-market purchase.

Was the Saba Capital transaction in NFJ stock a buy or a sell?

The transaction was a buy. Saba Capital Management, L.P. executed an open-market purchase of 66,031 Virtus Dividend, Interest & Premium Strategy Fund Common Stock shares, classified with transaction code “P,” which indicates a purchase in an open-market or private transaction.

At what price did Saba Capital Management buy NFJ shares?

Saba Capital Management, L.P. bought the 66,031 Virtus Dividend, Interest & Premium Strategy Fund shares at an average price of $12.52 per share. This per-share purchase price is explicitly stated in the Form 4 transaction details for the reported trade.

Does Saba Capital hold NFJ shares directly or indirectly after this trade?

The filing shows Saba Capital Management, L.P. holding the Virtus Dividend, Interest & Premium Strategy Fund shares indirectly. The ownership code is listed as indirect, and total indirect holdings after the transaction are reported as 9,963,690 Common Stock shares.

Were any derivative securities involved in Saba Capital’s NFJ transaction?

No derivative securities were reported in this transaction. The Form 4 lists only a non-derivative Common Stock purchase of 66,031 shares. The derivative summary section is empty, indicating no options, warrants, or other derivatives were exercised or traded.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/24/2026 - 04:04 PM Learn about SEC filing dates

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 NEW YORK 10174

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/23/2026

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

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

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

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	03/23/2026		P		66,031	A	$12.52	9,963,690	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	03/24/2026
	Boaz Weinstein	03/24/2026
	** 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.
* Form 4: SEC 1474 (03-26)