Virtus Announces Changes in Portfolio Manager for Dividend, Interest & Premium Strategy Fund.

Thomas Oliver is no longer a portfolio manager of Virtus Dividend, Interest & Premium Strategy Fund. The fund will continue to be managed by John Mowrey, Burns McKinney, Kris Marca, Justin Kass, Michael Yee, and Ethan Turner. There will be no changes to the investment processes, which are team-oriented. Virtus Dividend, Interest & Premium Strategy Fund is a diversified closed-end fund that seeks current income and gains with long-term capital appreciation as a secondary objective.

Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) has announced a change in its portfolio management team. Thomas Oliver, CFA, CPA, is no longer a portfolio manager of the Fund. The Fund will continue to be managed by John Mowrey, CFA, executive managing director, chief investment officer, and senior portfolio manager; Burns McKinney, CFA, managing director and senior portfolio manager and analyst; Kris Marca, CFA, director and portfolio manager and research analyst at NFJ; Justin Kass, CFA, senior managing director, chief investment officer, head of income and growth; Michael Yee, managing director, lead portfolio manager of income and growth; and Ethan Turner, CFA, vice president, portfolio manager of income and growth at Voya.

The Fund emphasized that there will be no changes to the investment processes, which remain team-oriented. Virtus Dividend, Interest & Premium Strategy Fund is a diversified closed-end fund that seeks current income and gains with long-term capital appreciation as a secondary objective. The Fund generally invests approximately 75% of its total assets in equity securities and approximately 25% in convertible securities. It employs an option strategy of writing (selling) covered call options on equity securities held in the Fund.

The Fund's performance metrics show an average annual total return of 8.18% on NAV for the 5-year period, with an annualized current distribution rate of 9.00%. However, the fiscal YTD cumulative total return stands at -3.87%, with a cumulative distribution rate of 4.50% [1].

For more information on the Fund, contact shareholder services at (866) 270-7788, by email at closedendfunds@virtus.com, or through the Closed-End Funds section of virtus.com.

References:

[1] Virtus Dividend, Interest & Premium Strategy Fund Announces Portfolio Manager Update, Stocktitan.net, 08/26/2025. [URL](https://www.stocktitan.net/news/NFJ/virtus-dividend-interest-premium-strategy-fund-announces-portfolio-jka1een2x9tf.html)