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.
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.
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.
Virtus Dividend, Interest & Premium Strategy Fund faces an activist nomination: Saba Capital, together with Saba Capital Master Fund, Ltd. and Boaz R. Weinstein, is soliciting proxies to elect Paul Kazarian as a Class III trustee at the Fund’s 2026 annual meeting.
Saba states it beneficially owns 9,869,469 Common Shares, representing 10.49% of the Fund’s outstanding Common Shares based on July 31, 2025 outstanding shares of 94,101,764. The solicitation centers on addressing the Fund’s trading discount to NAV; Saba cites a -8.91% discount as of March 6, 2026 and a three-year average discount of -12.52%. The proxy card being circulated (the “GOLD” card) will vote in favor of the Nominee if no contrary instructions are provided.
Saba Capital Management and related reporting persons disclose beneficial ownership of 9,869,469 common shares of Virtus Dividend, Interest and Premium Strategy Fund, representing 10.49% of the fund’s outstanding shares based on 94,101,764 shares outstanding as of July 31, 2025.
The shares are held with shared voting and shared dispositive power, and no sole voting or dispositive power. The group reports having paid approximately $121,802,642 to acquire these shares, using investor subscription proceeds, capital appreciation, and ordinary-course margin borrowings.
On February 27, 2026, a Saba-advised private fund notified the fund of its intention to nominate Paul Kazarian as an independent trustee candidate for election to the board at the fund’s 2026 annual shareholder meeting, signaling an active engagement in the fund’s governance.
Saba Capital Management, L.P., a more than 10% owner of Virtus Dividend, Interest & Premium Strategy Fund, reported an open-market purchase of common stock. Saba bought 600 shares at a price of $13.85 per share, bringing its indirect ownership to 9,869,469 common shares following the transaction.
Saba Capital Management, L.P., a 10% owner of Virtus Dividend, Interest & Premium Strategy Fund, reported an open-market purchase of common stock. On 02/12/2026 it bought 17,176 shares at $13.76 per share, held indirectly. After this trade, it beneficially owned 9,868,869 shares of NFJ common stock.
Saba Capital Management, L.P., a 10% owner of Virtus Dividend, Interest & Premium Strategy Fund (NFJ), reported open-market purchases of the fund’s common stock. On February 9, 2026, it bought 5,300 shares at $13.58 each, held indirectly.
On February 10, 2026, Saba Capital bought an additional 51,354 common shares at $13.70 per share. Following these transactions, it indirectly beneficially owned 9,851,693 NFJ common shares.
Saba Capital Management, L.P., a 10% owner of Virtus Dividend, Interest & Premium Strategy Fund (NFJ), reported buying additional common shares. On 02/05/2026, it purchased 48,927 shares at $13.34 per share in an indirect transaction, bringing its beneficial ownership to 9,795,039 common shares.
Saba Capital Management, L.P., a more than 10% owner of Virtus Dividend, Interest & Premium Strategy Fund, reported two open-market purchases of the fund’s common stock. On February 3, 2026, it bought 123,765 shares at $13.51 per share. On February 4, 2026, it purchased an additional 11,642 shares at $13.52 per share. Following these indirect transactions, Saba Capital Management, L.P. beneficially owned 9,746,112 common shares of the fund.