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Virtus Dividend, Interest & Premium Strategy Fund Announces Share Repurchase Program

1. NFJ announces a share repurchase program up to 5% of outstanding shares. 2. Repurchases aim to enhance shareholder value at a discount to NAV.

Shares Buyback
-0.27%Current Return
VS
+0.52%S&P 500
$12.97502/18 10:46 AM EDTEvent Start
$12.9402/19 05:32 PM EDTLatest Updated
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FAQ

Why Bullish?

Share buybacks typically signal confidence in the fund's future. Previous instances of buybacks have positively influenced investor sentiment, often driving prices higher.

How important is it?

Share repurchase programs can significantly impact market perception and value. Such moves are crucial for closed-end funds like NFJ focusing on shareholder returns.

Why Short Term?

The announcement may lead to immediate positive price reactions. Over time, the effects could stabilize based on market conditions.

Related Companies

NFJ
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) (the “Fund”), a closed-end fund, today announced that the Board of Trustees has adopted a share repurchase program to repurchase, at a discount to net asset value (“NAV”), up to 5% of its outstanding common shares (based on common shares outstanding as of February 13, 2025) in open market transactions. The share repurchase program is intended to enhance shareholder value, as repurchases made at a.

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