Saba Capital buys more Virtus NFJ fund shares

Saba Capital Management, L.P., a more than 10% holder of Virtus Dividend, Interest & Premium Strategy Fund (NFJ), reported open-market purchases of the fund’s common stock.

Rhea-AI Filing Summary

Saba Capital Management, L.P., a more than 10% holder of Virtus Dividend, Interest & Premium Strategy Fund (NFJ), reported open-market purchases of the fund’s common stock. On March 24, it bought 16,685 shares at $12.45 per share, and on March 25, it bought 41,486 shares at $12.64 per share. These indirect purchases total 58,171 shares, bringing Saba’s reported position to 10,021,861 common shares following the most recent transaction.

Insights

Closed-end fund and insider activity analyst

Saba added 58,171 NFJ shares in routine open-market buys.

Saba Capital Management, L.P., a more than 10% holder of NFJ, executed two open-market purchases of common stock, acquiring a combined 58,171 shares at prices between $12.45 and $12.64 per share. The holdings are reported as indirect ownership.

After these transactions, Saba’s reported stake stands at 10,021,861 common shares. With no derivative positions listed and no sales reported, this filing reflects net buying activity rather than profit-taking or option-related exercises.

Because the filing does not state the fund’s total shares outstanding, the relative size of these purchases versus the overall fund cannot be determined here. From the data provided, the activity appears as incremental accumulation by a large existing holder rather than a transformative position change.

Insider Trade Summary

Net Buyer: 58,171 shares

Net Buy 2 txns

Insider Saba Capital Management, L.P.

Role 10% Owner

Bought 58,171 shs ($732K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	41,486	$12.64	$524K
Purchase	Common Stock	16,685	$12.45	$208K

Holdings After Transaction: Common Stock — 10,021,861 shares (Indirect, -)

FAQ

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

What did Saba Capital report in its latest Form 4 for Virtus NFJ (NFJ)?

Saba Capital reported buying additional NFJ common shares in the open market. It purchased 16,685 shares at $12.45 and 41,486 shares at $12.64, increasing its indirect holdings to 10,021,861 shares after the most recent transaction.

How many NFJ shares did Saba Capital buy in this insider filing?

Saba Capital bought a total of 58,171 NFJ common shares. The purchases occurred over two days, with 16,685 shares acquired at $12.45 and 41,486 shares at $12.64, all reported as indirect, open-market transactions in the Form 4.

At what prices did Saba Capital purchase Virtus NFJ (NFJ) shares?

Saba Capital’s NFJ purchases were made at two distinct prices. It bought 16,685 common shares at $12.45 per share and 41,486 common shares at $12.64 per share, reflecting routine open-market buying activity disclosed in the Form 4 filing.

What is Saba Capital’s reported NFJ position after these transactions?

Following the latest reported purchase, Saba Capital’s indirect holdings in NFJ total 10,021,861 common shares. This figure reflects its position after acquiring 41,486 shares on March 25, in addition to 16,685 shares bought the prior day in open-market trades.

Were there any NFJ share sales or derivatives in Saba Capital’s Form 4?

The Form 4 shows only open-market purchases of NFJ common stock by Saba Capital. It reports two buy transactions totaling 58,171 shares and lists no sales or derivative security positions, indicating net accumulation of the closed-end fund’s shares in this filing.

Is Saba Capital a major holder of Virtus Dividend, Interest & Premium Strategy Fund (NFJ)?

Yes. The filing identifies Saba Capital as a more than 10% owner of NFJ. After the reported open-market purchases, its indirect position stands at 10,021,861 common shares, confirming it as a significant holder of the closed-end fund’s stock.

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

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Accepted by SEC EDGAR 03/26/2026 - 12:05 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)
03/24/2026

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	03/24/2026		P		16,685	A	$12.45	9,980,375	I	-
Common Stock	03/25/2026		P		41,486	A	$12.64	10,021,861	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	03/26/2026
	Boaz Weinstein	03/26/2026
	** 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)