Saba Capital ups stake in Virtus Dividend Fund (NYSE: NFJ)

Rhea-AI Filing Summary

Saba Capital Management, L.P., a more than ten percent owner of Virtus Dividend, Interest & Premium Strategy Fund, bought additional common shares in the market. On March 19, 2026, it made an open‑market purchase of 28,190 shares at an average price of $12.41 per share, increasing its indirect holdings to 9,897,659 common shares. This filing shows a net increase in Saba Capital’s stake, with no derivative positions reported in this transaction.

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 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)
03/19/2026

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	03/19/2026		P		28,190	A	$12.41	9,897,659	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	03/23/2026
	Boaz Weinstein	03/23/2026
	** 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 transaction did Saba Capital report for NFJ?

Saba Capital reported an open-market purchase of Virtus Dividend, Interest & Premium Strategy Fund (NFJ) common stock. It bought 28,190 shares on March 19, 2026 at an average price of $12.41 per share, increasing its overall indirect holdings in the fund.

How many NFJ shares did Saba Capital own after this Form 4?

After the reported transaction, Saba Capital’s indirect holdings in Virtus Dividend, Interest & Premium Strategy Fund totaled 9,897,659 common shares. This figure reflects its position immediately following the March 19, 2026 open-market purchase of 28,190 additional shares at $12.41 per share.

Was Saba Capital’s NFJ trade a purchase or a sale?

The NFJ trade reported by Saba Capital was a purchase. The Form 4 shows an open-market buy transaction coded “P,” covering 28,190 common shares at $12.41 each, which raised the firm’s indirect ownership in Virtus Dividend, Interest & Premium Strategy Fund.

At what price did Saba Capital buy NFJ shares on March 19, 2026?

Saba Capital bought Virtus Dividend, Interest & Premium Strategy Fund common shares at an average price of $12.41 per share. The Form 4 records a single open-market transaction on March 19, 2026 for 28,190 shares at this per‑share price, increasing its indirect position.

What is Saba Capital’s ownership status in NFJ according to this filing?

Saba Capital is identified as a more than ten percent owner of Virtus Dividend, Interest & Premium Strategy Fund. Following its March 19, 2026 open-market purchase of 28,190 shares, the firm indirectly held 9,897,659 common shares, according to the Form 4 disclosure.

Does the NFJ Form 4 show any derivative securities for Saba Capital?

The Form 4 for Virtus Dividend, Interest & Premium Strategy Fund reports only a non-derivative common stock transaction. It lists an open-market purchase of 28,190 shares and shows no derivative securities or option exercises for Saba Capital in this particular filing.