On January 9, 2019, Sheila Hooda notified Virtus Investment Partners, Inc. of her decision not to stand for re-election to the Company’s Board of Directors at the Company’s 2020 Annual Meeting of Shareholders Ms. Hooda will continue to serve as a member of the Board and its audit and risk and finance committees until the Annual Meeting. Ms. Hooda’s decision was based upon potential scheduling conflicts with other boards of which she is a member and was not due to a disagreement with the Company.