Saba Capital Management Amends 13D Filing for Virtus Fund
Ticker: NFJ · Form: SC 13D/A · Filed: Nov 26, 2024 · CIK: 1260563
| Field | Detail |
|---|---|
| Company | Virtus Dividend, Interest & Premium Strategy Fund (NFJ) |
| Form Type | SC 13D/A |
| Filed Date | Nov 26, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $0.00001, $99,095,865 |
| Sentiment | neutral |
Sentiment: neutral
Topics: activist-filing, amendment, closed-end-fund
TL;DR
Saba Capital updated its filing for Virtus Dividend, Interest & Premium Strategy Fund. No major changes disclosed yet.
AI Summary
Saba Capital Management, L.P. filed an amendment (Amendment No. 3) to its Schedule 13D on November 26, 2024, regarding its holdings in Virtus Dividend, Interest & Premium Strategy Fund. Saba Capital Management GP, LLC is also listed as a group member. The filing does not disclose specific dollar amounts or percentage changes in holdings.
Why It Matters
This amendment indicates ongoing activity or changes in Saba Capital's stake in the Virtus Dividend, Interest & Premium Strategy Fund, which could signal strategic adjustments or intentions by the investment firm.
Risk Assessment
Risk Level: medium — Schedule 13D filings often precede significant corporate actions or shifts in investor strategy, which can introduce volatility.
Key Players & Entities
- Saba Capital Management, L.P. (company) — Filing entity
- Virtus Dividend, Interest & Premium Strategy Fund (company) — Subject company
- Saba Capital Management GP, LLC (company) — Group member
FAQ
What is the primary purpose of this SC 13D/A filing?
This SC 13D/A filing is an amendment to a previous filing by Saba Capital Management, L.P. regarding its beneficial ownership of Virtus Dividend, Interest & Premium Strategy Fund.
Who are the key entities involved in this filing?
The key entities are Saba Capital Management, L.P. (the filer) and Virtus Dividend, Interest & Premium Strategy Fund (the subject company).
When was this amendment filed?
This amendment was filed on November 26, 2024.
Is Saba Capital Management GP, LLC related to the filing?
Yes, Saba Capital Management GP, LLC is listed as a group member in this filing.
Does this filing disclose specific changes in Saba Capital's ownership percentage?
The provided text of the filing does not explicitly state specific dollar amounts or percentage changes in Saba Capital's holdings.
Filing Stats: 1,381 words · 6 min read · ~5 pages · Grade level 10.1 · Accepted 2024-11-26 19:57:09
Key Financial Figures
- $0.00001 — Fund (Name of Issuer) Common Shares, $0.00001 par value (Title of Class of Securiti
- $99,095,865 — ported herein. A total of approximately $99,095,865 was paid to acquire the Common Shares r
Filing Documents
- formsc13da.htm (SC 13D/A) — 57KB
- 0001062993-24-019720.txt ( ) — 59KB
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: November 26, 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 during the past sixty days. All transactions were effectuated in the open market through a broker. Trade Date Buy/Sell Shares Price 10/22/2024 Buy 1,697 12.85 10/23/2024 Buy 36,021 12.83 10/24/2024 Buy 26,632 12.82 10/25/2024 Buy 14,102 12.80 10/28/2024 Buy 80,265 12.75 10/29/2024 Buy 53,455 12.68 10/30/2024 Buy 26,559 12.70 10/31/2024 Buy 7,643 12.62 11/4/2024 Buy 26,192 12.57 11/5/2024 Buy 14,133 12.59 11/7/2024 Buy 12,634 12.86 11/8/2024 Buy 5,623 12.96 11/11/2024 Buy 13,799 13.04 11/12/2024 Buy 23,453 13.00 11/13/2024 Buy 23,494 13.02 11/14/2024 Buy 18,418 12.95 11/15/2024 Buy 27,555 12.88 11/19/2024 Buy 31,371 12.90 11/20/2024 Buy 15,568 12.85 11/21/2024 Buy 93,260 12.94 11/22/2024 Buy 35,289 12.98 11/25/2024 Buy 123,360 13.12