Virtus Dividend Fund (NFJ): 10% owner Saba Capital sold 8,242,167 shares

What happened The filing says Saba Capital Management, L.P., a 10% owner, disposed of 8,242,167 common shares at $15.92 per share on Oct 12, 2026, for $131,215,299. The transaction is reported as an "other acquisition or disposition (J)."

Key details

• Transaction date and price: Oct 12, 2026; $15.92 per share; total $131,215,299.
• Shares involved: 8,242,167 common shares disposed.
• Shares owned after the transaction: the filing states the reporting person owns less than 10% of the issuer after the disposition.
• Footnote: F1 — shares were tendered in a tender offer by the issuer.
• Filing date: Oct 14, 2026 (period of report Oct 12, 2026). No late-filing flag is indicated.

Why it may matter Saba Capital Management is reported as a 10% owner (a large holder, not an executive). The sale was reported under transaction code J (other disposition) and the shares were tendered in the issuer's tender offer per the footnote. A filing does not show why the insider traded or why the company acted.