Virtus Dividend, Interest & Premium Strategy Fund Announces Tender Offer
Virtus Dividend, Interest & Premium Strategy Fund Common Shares of Beneficial Interest (NFJ)
US:NYSE Investor Relations:
us.allianzgi.com/en-us/ria/our-firm/our-experts/team-detail-pages/nfj-dividend-interest-and-premium-strategy-team
Company Research
Source: Business Wire
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) (the “Fund”) today announced that its Board of Trustees has approved a tender offer (“Tender Offer”) intended to enhance shareholder value, provide shareholders with an additional source of liquidity for their investment, and provide the potential to reduce the Fund’s trading discount to its net asset value per share (“NAV”). Pursuant to the terms of the Tender Offer, the Fund will offer to purchase for cash up to 25% of the Fund’s outstanding common shares at a price per share equal to 99.0% of the Fund’s NAV determined following the expiration of the Tender Offer. The Tender Offer is expected to commence on or about September 1, 2026.The Tender Offer is being proposed pursuant to an agreement with Saba Capital Management, L.P. (“Saba”) that will expire after the Fund’s 2028 proxy season. During the effective period of the Agreement, Saba has agreed to certain standstill provisions and
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News
- Saba Capital Reaches Agreement With Virtus Dividend, Interest & Premium Strategy FundBusiness Wire
- Virtus Dividend, Interest & Premium Strategy Fund Announces Renewal of Share Repurchase ProgramBusiness Wire
- Virtus Dividend, Interest & Premium Strategy Fund Announces Distribution and Discloses Sources of Distribution – Section 19(a) NoticeBusiness Wire
NFJ
Sec Filings
- 4/1/26 - Form 4
- 3/30/26 - Form 4
- 3/26/26 - Form 4
- NFJ's page on the SEC website