Services for Investors

Tax Form Reference Guide and Supplementary Tax Information

Here is a brief list of the types of tax forms Virtus Investment Partners provides mutual fund shareholders. Virtus now issues a combined tax form which includes, if applicable, 1099-DIV, 1099-B, 1099-INT and Cost Basis Statement.

» Sample Combined Tax Form

1099-DIV: Dividends and capital gains distributions.

Who receives it: Investors in non-retirement accounts who received dividends and/or capital gains distributions over $10, regardless of whether they were reinvested or paid in cash.

Your fund may not have declared a dividend or capital gain in 2009.

» View funds' 2009 distributions

» View 2009 Qualified Dividend Income ("QDI")

Foreign Tax Credit, if applicable, will be shown in box 6 on 1099-DIV and is based on your share of the fund's foreign taxes paid. The foreign taxes paid are based on the income the mutual fund received from its investments in foreign corporations and the taxes the fund paid to foreign governments at the mutual fund level.

» Foreign Tax Credit Information

1099-INT: Interest Income

Who receives it: Investors who received exempt-interest dividends and tax-exempt interest subject to the alternative minimum tax.

1099-B: Proceeds from a redemption or exchange

Who receives it: Investors who redeemed or exchanged shares in a non-retirement account.

Cost Basis Statement: Provides information needed to report gains or losses generated from a sale or exchange of shares

Who receives it: Eligible investors in non-retirement accounts who receive a 1099-B. Virtus Investment Partners uses the Average Cost Single Category method to determine the cost basis.

» Visit Tax-Center Resources to learn more about calculating your cost basis.

1099-R: Distributions, including all IRA conversions and recharacterizations

Who receives it: Investors who took a distribution from a retirement account*, including those who converted a traditional IRA to a Roth IRA. You will not receive this form if you transferred assets directly from one retirement account to another.

» 1099R

*Retirement accounts include Individual Retirement Accounts (IRAs), Roth IRAs, Simplified Employee Pension (SEP) plans, and SIMPLE accounts. Important note: By law, all personal tax information provided to you by Virtus Investment Partners is also been provided to the IRS, except average cost.

Form 5498: Contributions to IRAs

Who receives it: Investors who made contributions to traditional, Roth, SIMPLE, or SEP IRAs, including rollovers, conversions and recharacterizations.

Form 5498 will be mailed for arrival by May 31st.

1099-Q: Gross distribution from Qualified Education Programs (Coverdell ESA)

Who receives it: Investors who made a redemption from a Coverdell ESA.

Form 5498-ESA: Coverdell ESA contribution information

Who receives it: Investors who made contributions to a Qualified Education Program (Coverdell ESA).

Form 5498-ESA will be mailed for arrival by May 1st.

2009 Mutual Fund Tax Tables

A reference for residents of states that do not tax mutual fund dividends earned on securities issued by the U.S. Government.

» Fund Income Derived from U.S. Government Securities

Important note for residents of California, Connecticut and New York:
These states allow exemptions from state tax if a fund had at least 50% of its assets invested in exempt securities each quarter. Based on this requirement, none of the Virtus Investment Partners funds qualify for exemption in these states.

State-Specific Tax Tables

A reference for California residents to determine the portion of dividends earned from interest on municipal obligations issued by California and Puerto Rico, which are exempt from state taxes.

» Virtus California Tax-Exempt Bond Fund

Fund-Specific Tax Tables

These tables report the percentage of dividends earned from tax-exempt bonds.

» Virtus Tax-Exempt Bond Fund

» Virtus Intermediate Tax-Exempt Bond Fund

» Virtus Insight Tax-Exempt Money Market Fund

Need help with Virtus Investment Partners' tax forms?

If you don't see the form you received or need listed below, e-mail or call us at 1-800-243-1574.

Tax questions?

Ask the IRS. 1-800-829-1040 -- or order the IRS' "Guide to Free Tax Services." 1-800-829-3676 or www.irs.gov

Additional Information for Taxpayers

If you invested in a tax-exempt fund that paid exempt interest dividends during the 2009 tax year, we are required to provide you with Form 1099-INT along with Form 1099-DIV*.
*Form 1099-DIV is NOT provided for those distributions under $10.00.

Distributions of $10 or more must be reported on your tax returns, whether you received cash or reinvested additional fund shares.

The percentage of tax-exempt income from the Virtus California Tax Exempt Bond Fund subject to the federal alternative minimum tax is 13.51%.

The percentage of tax-exempt income from the Virtus Insight Intermediate Tax-Exempt Bond Fund, the Virtus Insight Tax-Exempt Bond Fund, and the Virtus Insight Tax-Exempt Money Market Fund subject to the federal alternative minimum tax is 0.0%.

Shareholders with incorrect or missing Social Security Numbers (also called Taxpayer Identification Numbers) will be subject to the IRS required 28% withholding from all distributions and redemptions. If your Social Security Number is incorrect or missing from your tax form(s), please complete Form W-9 and send it to Virtus Investment Partners.

Mail:
P.O. Box 8301
Boston, MA 02266-8301

Fax: 1-816-218-0483

Email: Virtus Customer Service

Download and print Form W-9, or obtain one by calling us at 1-800-243-1574 or by visiting your local post office.

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