Saba Capital Reaches Agreement With Virtus Dividend, Interest & Premium Strategy Fund
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
NFJ to Conduct Cash Self-Tender Offer for 25% of Outstanding Shares at 99% of NAV NEW YORK--(BUSINESS WIRE)--Saba Capital Management, L.P. (together with certain of its affiliates, “Saba”) today announced that it has entered into a standstill agreement with Virtus Investment Advisers, LLC and Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) (the “Fund”).In connection with the agreement, the Fund will commence a cash self-tender offer to purchase up to 25% of its outstanding common shares. All shareholders will have the opportunity to tender some or all of their common shares at a price equal to 99% of the Fund’s net asset value per share, determined as of market close on the date the tender offer expires. The tender offer is expected to be completed by no later than October 14, 2026.If greater than 25% of the Fund’s outstanding common shares are properly tendered and not properly withdrawn, then the Fund will purchase common shares tendered and not withdrawn on a prora
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News
- Virtus Dividend, Interest & Premium Strategy Fund Announces Tender OfferBusiness 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