Saba Capital Management, L.P. has enlarged its position in Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ), according to a Form 4 filed with the Securities and Exchange Commission. The activist investment firm, noted in the filing as a 10 percent owner of the fund, completed two separate purchases across consecutive trading days that together total $1.99 million.
The first transaction occurred on March 26, 2026, when Saba Capital acquired 68,783 shares of Virtus Dividend common stock at a per-share price of $12.52. The firm followed up the next day, March 27, 2026, by buying an additional 92,048 shares at $12.35 per share.
After recording both trades, Saba Capital Management, L.P. reported holding 10,182,692 shares of the Virtus Dividend, Interest & Premium Strategy Fund. The Form 4 filing is the formal disclosure mechanism used by insiders and large investors to report purchases, sales, and ownership changes to the SEC.
The disclosure lists the exact share counts, prices, and transaction dates but does not provide commentary on the rationale behind the purchases. The filing also does not indicate any subsequent sales or future planned transactions tied to the stake reported.
This development is a straightforward factual update on ownership: it records the increase in Saba Capital's position and the resulting share total after the two purchases. The information supplied in the Form 4 is limited to transactional detail and the updated ownership figure; no additional operational or strategic context about the fund or Saba Capital's intentions was included in the filing.
Summary of the transactions
- March 26, 2026 - 68,783 shares purchased at $12.52 per share.
- March 27, 2026 - 92,048 shares purchased at $12.35 per share.
- Total cash outlay for the two purchases reported: $1.99 million.
- Post-transaction reported ownership: 10,182,692 shares of NYSE:NFJ.
The filing provides a precise account of the trades and updated ownership stake, without expanding on motives or future plans. Readers should regard this as a transaction report rather than a statement about fund strategy or corporate governance changes.