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HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) today announced the following quarterly distribution: Ticker Amount of Distribution Ex-Date/Record Date Payable Date NFJ $0.305 September 14, 2026 September 29, 2026 Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level that may be paid, in part or in full, from net investment income and realized capital gains, or a combination thereof. S.
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) (the “Fund”) today announced the commencement of a tender offer (“Tender Offer”) beginning September 1, 2026, and expiring at 5:00 p.m. (Eastern) on October 5, 2026, unless the Tender Offer is extended (the “Expiration Date”).The Fund, as announced on April 17, 2026, is offering to acquire up to 25% of its outstanding common shares in exchange for cash at a price equal to 99% of the Fund's net ass.
The Virtus Dividend, Interest & Premium Strategy Fund offers an 8.07% yield with a flexible allocation to dividend equities and convertible bonds. NFJ's portfolio is heavily weighted toward financials, energy, and basic materials, providing diversification and less exposure to overvalued tech sectors. The fund's recent outperformance versus the S&P 500 is driven more by valuation expansion than underlying portfolio gains, making the current discount less attractive than historical averages.
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) today announced the following quarterly distribution: Ticker Amount of Distribution Ex-Date/Record Date Payable Date NFJ $0.305 June 15, 2026 June 29, 2026 Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level that may be paid, in part or in full, from net investment income and realized capital gains, or a combination thereof. Shareholder.
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO), Virtus Convertible & Income Fund (NYSE: NCV), Virtus Convertible & Income Fund II (NYSE: NCZ), Virtus Diversified Income & Convertible Fund (NYSE: ACV), Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ), Virtus Equity & Convertible Income Fund (NYSE: NIE), Virtus Global Multi-Sector Income Fund (NYSE: VGI), Virtus Stone Harbor Emerging Markets Income.
We review the CEF market valuation and performance through the fourth week of April and highlight recent market action. CEF markets faced renewed risk aversion, with sector discounts widening to historical averages and MLPs and Convertibles led to the upside. Western Asset CEFs' NII remained largely stable; key drivers include short-term rate direction, liability management, and overdistribution.
Virtus Dividend, Interest and Premium Strategy Fund (NYSE: NFJ - Get Free Report) shares passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $13.16 and traded as high as $14.17. Virtus Dividend, Interest and Premium Strategy Fund shares last traded at $14.0250, with a
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 t.