Saba Capital Management Files 13D on Virtus Fund

TL;DR

**SABA CAPITAL BUYS MORE VIRTUS FUND SHARES - 13D FILED**

AI Summary

Saba Capital Management, L.P. has filed a Schedule 13D on June 14, 2024, regarding their beneficial ownership of Virtus Dividend, Interest & Premium Strategy Fund. The filing indicates a change in their holdings, though specific new percentage or dollar amounts are not detailed in this excerpt. Saba Capital Management, L.P. is a registered investment advisor based in New York.

Why It Matters

This filing signals a potential shift in the investment strategy or stake of Saba Capital Management in the Virtus Dividend, Interest & Premium Strategy Fund, which could influence the fund's future performance and shareholder value.

Risk Assessment

Risk Level: medium — Schedule 13D filings often precede significant corporate actions or changes in control, introducing uncertainty and potential 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 of filing entity
• Saba Capital Management GP, LLC (company) — Group member of filing entity

FAQ

Key Financial Figures

• $0.00001 — Fund (Name of Issuer) Common Shares, $0.00001 par value (Title of Class of Securiti
• $60,703,680 — ported herein. A total of approximately $60,703,680 was paid to acquire the Common Shares r

Filing Documents

• formsc13d.htm (SC 13D) — 98KB
• exhibit1.htm (EX-1) — 5KB
• 0001062993-24-012613.txt ( ) — 105KB

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: June 14, 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 Page 10 of 10 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 4/15/2024 Buy 81,787 11.97 4/17/2024 Buy 3,693 11.83 4/18/2024 Buy 78,125 11.85 4/24/2024 Buy 52,396 12.04 4/25/2024 Buy 65,143 11.97 4/29/2024 Buy 74,374 12.09 4/30/2024 Buy 7,278 12.01 5/1/2024 Buy 11,217 11.98 5/8/2024 Buy 55,068 12.20 5/9/2024 Buy 16,956 12.27 5/10/2024 Buy 1,625 12.35 5/13/2024 Buy 93,249 12.43 5/14/2024 Buy 20,751 12.48 5/23/2024 Buy 15,015 12.49 5/28/2024 Buy 104,428 12.30 5/30/2024 Buy 2,915 12.10 6/3/2024 Buy 54,374 12.28 6/5/2024 Buy 49,789 12.32 6/6/2024 Buy 120,591 12.41 6/7/2024 Buy 18,924 12.37 6/10/2024 Buy 7,092 12.37 6/11/2024 Buy 289,568 12.34 6/12/2024 Buy 105,076 12.47 6/13/2024 Buy 139,626 12.18

View Full Filing

View this SC 13D filing on SEC EDGAR