VirtusInvestment Partners Inc. plans to commence a modified Dutch auctiontender offer for up to $75.0 million of its common stock at a price per sharenot greater than $82.50 nor less than $73.00.

The tender offer is expected to commence May 10 and expireat 5 p.m. ET on June 8, unless extended.

The company has the right to purchase up to an additional 2%of its shares outstanding. The tender offer is not subject to a financingcondition. The company expects to fund the share purchases in the offer fromits existing cash and cash equivalents.

Bank of America Merrill Lynch will act as dealer manager,D.F. King & Co. Inc. will serve as information agent and BroadridgeCorporate Issuer Solutions Inc. will serve as the depositary for the tenderoffer.