Saba Capital Management Amends Virtus Fund Filing
Ticker: NFJ · Form: SC 13D/A · Filed: Jul 23, 2024 · CIK: 1260563
| Field | Detail |
|---|---|
| Company | Virtus Dividend, Interest & Premium Strategy Fund (NFJ) |
| Form Type | SC 13D/A |
| Filed Date | Jul 23, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.00001, $73,353,720 |
| Sentiment | neutral |
Sentiment: neutral
Topics: activist-investor, sec-filing, fund-management
TL;DR
Saba Capital just updated their filing for Virtus Dividend, Interest & Premium Strategy Fund. Watch this space.
AI Summary
Saba Capital Management, L.P. has filed an amendment (SC 13D/A) on July 23, 2024, regarding their holdings in Virtus Dividend, Interest & Premium Strategy Fund. The filing indicates a change in their beneficial ownership, though specific new percentage or dollar amounts are not detailed in this excerpt. Saba Capital Management, L.P. is based in New York.
Why It Matters
This filing signals a potential shift in the investment strategy or stake of a significant shareholder in the Virtus Dividend, Interest & Premium Strategy Fund, which could influence the fund's future performance and management.
Risk Assessment
Risk Level: medium — Amendments to Schedule 13D filings often indicate changes in activist investor positions or strategies, which can introduce volatility.
Key Players & Entities
- Saba Capital Management, L.P. (company) — Filing entity
- Virtus Dividend, Interest & Premium Strategy Fund (company) — Subject company
- Boaz R. Weinstein (person) — Group Member
- Saba Capital Management GP, LLC (company) — Group Member
FAQ
What specific changes in beneficial ownership are detailed in this SC 13D/A filing?
This excerpt does not provide specific new percentage or dollar amounts of beneficial ownership changes, only that an amendment has been filed.
When was this amendment filed with the SEC?
The amendment (SC 13D/A) was filed on July 23, 2024.
Who is the subject company of this filing?
The subject company is Virtus Dividend, Interest & Premium Strategy Fund.
What is the business address of Saba Capital Management, L.P.?
The business address for Saba Capital Management, L.P. is 405 Lexington Avenue, 58th Floor, New York, NY 10174.
Has the Virtus Dividend, Interest & Premium Strategy Fund undergone name changes in the past?
Yes, the fund was formerly known as AllianzGI DIVIDEND, INTEREST & PREMIUM STRATEGY FUND (name change on 20200508), AllianzGI NFJ DIVIDEND, INTEREST & PREMIUM STRATEGY FUND (name change on 20130502), and NFJ DIVIDEND, INTEREST & PREMIUM STRATEGY FUND (name change on 20050124).
Filing Stats: 1,353 words · 5 min read · ~5 pages · Grade level 10.9 · Accepted 2024-07-23 08:28:53
Key Financial Figures
- $0.00001 — Fund (Name of Issuer) Common Shares, $0.00001 par value (Title of Class of Securiti
- $73,353,720 — ported herein. A total of approximately $73,353,720 was paid to acquire the Common Shares r
Filing Documents
- formsc13da.htm (SC 13D/A) — 65KB
- 0001062993-24-014027.txt ( ) — 67KB
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Date: July 23, 2024 SABA CAPITAL MANAGEMENT, L.P. By: /s/ Michael D'Angelo Name: Michael D'Angelo Title: Chief Compliance Officer SABA CAPITAL MANAGEMENT GP, LLC By: /s/ Michael D'Angelo Name: Michael D'Angelo Title: Authorized Signatory BOAZ R. WEINSTEIN By: /s/ Michael D'Angelo Name: Michael D'Angelo Title: Attorney-in-fact* * Pursuant to a power of attorney dated as of November 16, 2015, which is incorporated herein by reference to Exhibit 2 to the Schedule 13G filed by the Reporting Persons on December 28, 2015, accession number: 0001062993-15-006823 CUSIP No. 92840R101 SCHEDULE 13D/A Page 7 of 7 Pages Schedule A This Schedule sets forth information with respect to each purchase and sale of Common Shares which were effectuated by Saba Capital since the filing of the Schedule 13D on 6/14/24. All transactions were effectuated in the open market through a broker. Trade Date Buy/Sell Shares Price 6/14/2024 Buy 9,000 12.08 6/17/2024 Buy 20,000 12.13 6/17/2024 Buy 41,067 12.13 6/18/2024 Buy 148,997 12.16 6/24/2024 Buy 68,805 12.23 6/25/2024 Buy 29,940 12.24 7/8/2024 Buy 6,289 12.19 7/9/2024 Buy 900 12.20 7/10/2024 Buy 9,238 12.23 7/11/2024 Buy 143,402 12.39 7/12/2024 Buy 41,466 12.53 7/15/2024 Buy 83,019 12.53 7/16/2024 Buy 24,198 12.61 7/17/2024 Buy 94,312 12.61 7/18/2024 Buy 182,016 12.61 7/19/2024 Buy 76,635 12.44 7/22/2024 Buy 40,063 12.54