Virtus Dividend, Interest & Premium Strategy Fund
NFJ
New York Stock Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- George Robert Aylward
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 1633 Broadway New York NY United States of America 10019
- IPO Date
- Mar 1, 2005
- CIK
- 0001260563
- Website
- us.allianzgi.com
- Similar Companies
- Business
- Virtus Dividend, Interest & Premium Strategy Fund (NFJ) is a diversified, closed-end management investment company that seeks current income and gains, with long-term capital appreciation as a secondary objective. The Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in securities and other instruments that provide dividends, interest or option premiums; its equity portion generally invests in U.S. equities and American depositary receipts (ADRs) with attractive quality characteristics, shareholder yield, and consistent financial output; the convertible portion invests in income-producing convertible securities, including synthetic convertibles and those below investment grade; and the option portion employs a strategy of writing (selling) covered call options on held equity securities to generate option premiums that enhance distributions to shareholders. NFJ operates in the U.S. public equity and fixed income markets across diversified sectors including financials, health care, information technology, real estate, industrials, and consumer discretionary; it targets income-oriented investors seeking total return with downside protection. The Fund, originally formed on February 28, 2005 and formerly known as NFJ Dividend, Interest & Premium Strategy Fund or AllianzGI NFJ Dividend, Interest & Premium Strategy Fund, is headquartered in the United States and managed by Virtus Investment Partners, Inc. with subadvisory from NFJ Investment Group, LLC (with roots in Dallas, Texas since 1989) and Voya Investment Management. Recent developments include the announcement on August 26, 2025, of a portfolio manager leadership update confirming the ongoing team-led management by professionals such as John R. Mowrey, CFA, R. Burns McKinney, CFA, Kris P. Marca, CFA from NFJ, and Justin M. Kass, CFA, Michael E. Yee, and Ethan Turner, CFA from Voya, with no changes to investment processes. In February 2025, the Fund initiated a share repurchase program to support shareholder value. It maintains a managed distribution policy with consistent quarterly distributions of $0.305 per share (ex-dates including December 11, 2025, September 12, 2025, June 12, 2025, and March 13, 2025), sourced from net investment income, realized capital gains, and potentially return of capital as estimated in Section 19(a) notices.