Saba Capital Management Amends Virtus Dividend Fund Filing
Ticker: NFJ · Form: SC 13D/A · Filed: Aug 29, 2024 · CIK: 1260563
| Field | Detail |
|---|---|
| Company | Virtus Dividend, Interest & Premium Strategy Fund (NFJ) |
| Form Type | SC 13D/A |
| Filed Date | Aug 29, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $0.00001, $85,473,473 |
| Sentiment | neutral |
Sentiment: neutral
Topics: activist-investor, filing-amendment, closed-end-fund
TL;DR
Saba Capital updated its filing for Virtus Dividend Fund. No major changes detailed here.
AI Summary
Saba Capital Management, L.P. has filed an amendment (Amendment No. 2) to its Schedule 13D on August 29, 2024, regarding its holdings in Virtus Dividend, Interest & Premium Strategy Fund. The filing indicates a change in the reporting person's beneficial ownership, though specific new holdings or changes in percentage are not detailed in this excerpt.
Why It Matters
This amendment signals potential shifts in significant investor positions within the Virtus Dividend, Interest & Premium Strategy Fund, which could influence the fund's strategy or market perception.
Risk Assessment
Risk Level: medium — Amendments to Schedule 13D filings by significant investors like Saba Capital can indicate strategic changes or activism, potentially impacting the fund's performance.
Key Players & Entities
- Saba Capital Management, L.P. (company) — Reporting person filing amendment
- Virtus Dividend, Interest & Premium Strategy Fund (company) — Subject company
- Boaz R. Weinstein (person) — Group member of reporting person
- Saba Capital Management GP, LLC (company) — Group member of reporting person
FAQ
What is the specific nature of the change reported in Amendment No. 2 to the Schedule 13D?
The provided excerpt does not detail the specific changes in beneficial ownership or holdings that are the subject of Amendment No. 2.
Who is the reporting person in this filing?
The reporting person is Saba Capital Management, L.P.
What is the subject company of this filing?
The subject company is Virtus Dividend, Interest & Premium Strategy Fund.
When was this amendment filed?
This amendment was filed on August 29, 2024.
What is the Central Index Key (CIK) for Saba Capital Management, L.P.?
The CIK for Saba Capital Management, L.P. is 0001510281.
Filing Stats: 1,375 words · 6 min read · ~5 pages · Grade level 10.3 · Accepted 2024-08-29 10:26:40
Key Financial Figures
- $0.00001 — y Fund (Name of Issuer) Common Shares, $0.00001 par value (Title of Class of Securities
- $85,473,473 — ported herein. A total of approximately $85,473,473 was paid to acquire the Common Shares r
Filing Documents
- formsc13da.htm (SC 13D/A) — 55KB
- 0001062993-24-015842.txt ( ) — 57KB
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: August 29, 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/A on 7/23/24. All transactions were effectuated in the open market through a broker. Trade Date Buy/Sell Shares Price 7/23/2024 Buy 1,625 12.59 7/24/2024 Buy 31,618 12.55 7/29/2024 Buy 20,111 12.52 7/30/2024 Buy 22,552 12.57 7/31/2024 Buy 78,073 12.69 8/2/2024 Buy 46,796 12.38 8/5/2024 Buy 7,090 12.02 8/6/2024 Buy 4,071 12.23 8/7/2024 Buy 51,090 12.25 8/8/2024 Buy 840 12.47 8/9/2024 Buy 87,957 12.47 8/14/2024 Buy 53,618 12.49 8/15/2024 Buy 108,182 12.60 8/16/2024 Buy 49,358 12.62 8/19/2024 Buy 192,797 12.64 8/20/2024 Buy 31,922 12.67 8/22/2024 Buy 33,170 12.75 8/23/2024 Buy 9,742 12.81 8/26/2024 Buy 75,473 12.88 8/27/2024 Buy 30,266 12.85 8/28/2024 Buy 25,053 12.85