Saba Capital Adjusts Virtus Dividend Fund Holdings

TL;DR

**Saba Capital Management just changed its stake in Virtus Dividend Fund, watch for potential market reaction.**

AI Summary

Saba Capital Management, L.P. filed a Form 4 on March 24, 2026, indicating changes in beneficial ownership of securities in Virtus Dividend, Interest & Premium Strategy Fund. This filing, for the period ending March 23, 2026, shows that Saba Capital Management, a significant investment manager, is adjusting its holdings. For investors, this matters because Saba Capital's actions can signal their confidence (or lack thereof) in the fund's future performance, potentially influencing other investors' decisions and the fund's stock price.

Why It Matters

This filing reveals that a major institutional investor, Saba Capital Management, is changing its stake in Virtus Dividend, Interest & Premium Strategy Fund, which can be a signal of their updated outlook on the fund's value.

Risk Assessment

Risk Level: medium — Changes in institutional ownership can indicate shifting sentiment, which carries moderate risk for current and prospective investors.

Analyst Insight

A smart investor would monitor subsequent Form 4 filings from Saba Capital Management to discern a pattern of buying or selling, which could indicate their long-term view on Virtus Dividend, Interest & Premium Strategy Fund, and research the reasons behind these changes.

Key Players & Entities

• Saba Capital Management, L.P. (company) — the reporting owner
• Virtus Dividend, Interest & Premium Strategy Fund (company) — the issuer of the securities
• March 24, 2026 (date) — the filing date
• March 23, 2026 (date) — the period of report

Forward-Looking Statements

• Saba Capital Management's future filings will continue to show active management of their Virtus Dividend, Interest & Premium Strategy Fund holdings. (Saba Capital Management, L.P.) — high confidence, target: 2027-03-24

FAQ

Filing Documents

• primary_doc.html (4)
• primary_doc.xml (4) — 3KB
• 0001510281-26-000129.txt ( ) — 5KB

From the Filing

SEC FORM 4 SEC Form 4 FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5    Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).    Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. 1. Name and Address of Reporting Person * Saba Capital Management, L.P. (Last) (First) (Middle) 405 LEXINGTON AVENUE 58TH FLOOR (Street) NEW YORK NEW YORK 10174 (City) (State) (Zip) UNITED STATES (Country) 2. Issuer Name and Ticker or Trading Symbol Virtus Dividend, Interest & Premium Strategy Fund [ NFJ ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below) 2a. Foreign Trading Symbol 3. Date of Earliest Transaction (Month/Day/Year) 03/23/2026 6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person 4. If Amendment, Date of Original Filed (Month/Day/Year) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 03/23/2026 P 66,031 A $ 12.52 9,963,690 I - Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Explanation of Responses: Saba Capital Management, L.P. By: Zachary Gindes 03/24/2026 Boaz Weinstein 03/24/2026 ** Signature of Reporting Person Date Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. * Form 4: SEC 1474 (03-26)

View Full Filing

View this 4 filing on SEC EDGAR