Saba Capital Management, L.P. 4

What Happened

• Saba Capital Management, L.P., reported as a 10% owner, acquired 30,502 shares of Virtus Dividend, Interest & Premium Strategy Fund (ticker: NFJ).
• The purchase was reported at $12.39 per share on 2026-03-30, for a total consideration of approximately $377,920. This was reported on the Form 4 filed 2026-04-01.
• This was a purchase (Form 4 code P), which investors often view as more informative than routine sales, though it reflects institutional buying rather than insider executive activity.

Key Details

• Transaction date: 2026-03-30; Price: $12.39 per share; Shares acquired: 30,502; Total value: ~$377,920.
• Transaction type/code: Purchase (P) — listed as open-market or private purchase on the filing.
• Shares owned after transaction: Not specified in the summary data provided.
• Filing date / timeliness: Form 4 filed 2026-04-01 (appears timely based on the reported transaction date).
• Notable: Saba Capital is reported as a 10% owner (institutional investor), not an officer or director; no 10b5-1 plan, tax withholding, or other footnotes were provided in the supplied details.

Context

• As a 10% institutional holder, Saba Capital’s purchase likely reflects a portfolio/investment decision rather than individual insider sentiment. Institutional buys can be informative but should be evaluated alongside other holdings and market data.
• No options, gifts, or awards were involved in this transaction — it was a straightforward purchase.