Saba Capital ups stake in Virtus Dividend Fund (NYSE: NFJ) with open-market buys

Rhea-AI Filing Summary

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.

Insider Trade Summary

Net Buyer: 160,831 shares ($1,997,956)

Net Buy 2 txns

Insider Saba Capital Management, L.P.

Role 10% Owner

Bought 160,831 shs ($2.00M)

Type	Security	Shares	Price	Value
Purchase	Common Stock	92,048	$12.35	$1.14M
Purchase	Common Stock	68,783	$12.52	$861K

Holdings After Transaction: Common Stock — 10,182,692 shares (Indirect, -)

Footnotes (1)

Key Figures

First purchase: 92,048 shares at $12.35 Second purchase: 68,783 shares at $12.52 Total shares bought: 160,831 shares +1 more

4 metrics

First purchase 92,048 shares at $12.35 Open-market purchase on March 27, 2026

Second purchase 68,783 shares at $12.52 Open-market purchase on March 26, 2026

Total shares bought 160,831 shares Net buy across two reported transactions

Post-transaction holdings 10,182,692 shares Indirect common stock holdings after March 27, 2026 trade

Key Terms

open-market purchase, ten percent owner, indirect ownership

3 terms

open-market purchase financial

"transaction_action: open-market purchase of NFJ common stock"

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

ten percent owner regulatory

"Saba Capital Management, L.P. is reported as a ten percent owner"

indirect ownership regulatory

"transactions are reported with indirect ownership (code I)"

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 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)
03/26/2026

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	03/26/2026		P		68,783	A	$12.52	10,090,644	I	-
Common Stock	03/27/2026		P		92,048	A	$12.35	10,182,692	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	03/30/2026
	Boaz Weinstein	03/30/2026
	** 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)

FAQ

What insider transactions did Saba Capital report for NFJ?

Saba Capital Management, L.P. reported two open-market purchases of Virtus Dividend, Interest & Premium Strategy Fund common stock, totaling 160,831 shares at prices of $12.35 and $12.52 per share, increasing its indirect holdings to 10,182,692 shares.

On what dates did Saba Capital buy NFJ shares?

Saba Capital bought NFJ common shares on March 26, 2026 and March 27, 2026. These were reported as open-market purchases of 68,783 shares at $12.52 and 92,048 shares at $12.35 per share, respectively.

How many NFJ shares did Saba Capital purchase in total?

Across the two reported transactions, Saba Capital purchased a total of 160,831 NFJ common shares. One trade was for 92,048 shares at $12.35, and the other for 68,783 shares at $12.52, both classified as open-market purchases.

What is Saba Capital’s NFJ shareholding after these Form 4 trades?

Following the reported purchases, Saba Capital’s indirect ownership in NFJ stands at 10,182,692 common shares. This post-transaction figure comes directly from the Form 4 disclosure for the most recent transaction dated March 27, 2026.

What type of transactions did Saba Capital execute in NFJ stock?

Both transactions were classified as open-market purchases of NFJ common stock, coded as P on Form 4. This code indicates shares were acquired either in open-market trades or private transactions at the reported per-share prices.