EVERY VOTE IS IMPORTANT EASY VOTING OPTIONS: VOTE ON THE INTERNET Log
on to: www.proxy-direct.com or scan the QR code Follow the on-screen instructions available 24 hours VOTE BY PHONE Call 1-800-337-3503
Follow the recorded instructions available 24 hours VOTE BY MAIL Vote, sign and date this Proxy Card and return in the postage-paid envelope
VIRTUAL MEETING at the following Website: www.meetnow.global/MWAVQWH on July 12 at 3:30 p.m. Eastern Time To participate in the Virtual
Meeting, enter the 14-digit control number from the shaded box on this card. Please detach at perforation before mailing. PROXY CARD VIRTUS
ALLIANZGI ARTIFICIAL INTELLIGENCE & TECHNOLOGY OPPORTUNITIES FUND JOINT ANNUAL MEETING OF SHAREHOLDERS TO BE HELD ON JULY 12, 2022
COMMON STOCK THIS PROXY IS SOLICITED BY THE BOARD OF TRUSTEES. The undersigned hereby appoints Jennifer Fromm, George R. Aylward and W.
Patrick Bradley, and each of them with full power of substitution and revocation, as proxies to represent the undersigned at the Joint
Annual Meeting of Shareholders to be held virtually at the following Website: www.meetnow.global/MWAVQWH on July 12, 2022 at 3:30 p.m.
Eastern Time and at any and all adjournments thereof (the “Meeting”), to vote all shares of common stock of Virtus AllianzGI
Artificial Intelligence & Technology Opportunities Fund, which the undersigned would be entitled to vote, with all powers the undersigned
would possess if personally present, in accordance with the instructions indicated herein. To participate in the Virtual Meeting enter
the 14-digit control number from the shaded box on this card. A majority of the proxies present and acting at the Meeting in person or
by substitute (or, if only one shall be so present, then that one) shall have and may exercise all of the power and authority of said
proxies hereunder. This proxy is solicited on behalf of the Board of Trustees of Virtus AllianzGI Artificial Intelligence & Technology
Opportunities Fund. This proxy card when properly executed will be voted in the manner directed herein by the undersigned shareholder,
and in the discretion of such proxies, upon any and all other matters as may properly come before the Meeting or any adjournment thereof.
If no direction is made, this proxy will be voted “FOR” the Proposals. The undersigned hereby acknowledges receipt of the
accompanying Notice of Joint Annual Meeting and Joint Proxy Statement for the Meeting. VOTE VIA THE INTERNET: www.proxy-direct.com VOTE
VIA THE TELEPHONE: 1-800-337-3503 To change the address on your account, please check the box at right and indicate your new address in
the address space below. Please note that changes to the registered name(s) on the account may not be submitted via this method. AIO_32775_050522
PLEASE MARK, SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY IN THE ENCLOSED ENVELOPE. xxxxxxxxxxxxxx code
EVERY VOTE IS IMPORTANT Important Notice Regarding the Availability
of Proxy Materials for the Joint Annual Shareholder Meeting to Be Held virtually on July 12, 2022 The Joint Proxy Statement is available
at: https://www.proxy-direct.com/vir-32775 IF YOU VOTE BY TELEPHONE OR INTERNET, PLEASE DO NOT MAIL YOUR CARD Please detach at perforation
before mailing. TO VOTE MARK BLOCKS BELOW IN BLUE OR BLACK INK AS SHOWN IN THIS EXAMPLE: X A Proposals The Board of Trustees recommends
a vote “FOR” the following nominees in proposals 1a, 1b, 1c and 1d. FOR AGAINST
ABSTAIN 1a. Election of Trustee (Class III): FOR WITHHOLD George R. Aylward 1b. Election of Trustee (Class III): FOR
WITHHOLD 01. Sarah E. Cogan 1c. Election of Trustee (Class III): FOR WITHHOLD 01. Deborah A. DeCotis 1d. Election of Trustee (Class I):
FOR WITHHOLD 01. Brian T. Zino Transact such other business as may properly come before the Meeting, or any adjournments, postponements
or delays thereof. B Authorized Signatures This section must be completed for your vote to be counted. Sign and Date Below
Note: Please sign exactly as your name(s) appear(s) on this Proxy Card, and date it. When shares are held jointly, each holder should
sign. When signing as attorney, executor, guardian, administrator, trustee, officer of corporation or other entity or in another representative
capacity, please give the full title under the signature. Date (mm/dd/yyyy) Please print date below Signature 1 Please keep
signature within the box Signature 2 Please keep signature within the box Scanner
bar code xxxxxxxxxxxxxx AIO 32775
xxxxxxxx FOR AGAINST ABSTAIN
EVERY VOTE IS IMPORTANT EASY VOTING OPTIONS: VOTE ON THE INTERNET Log
on to: www.proxy-direct.com or scan the QR code Follow the on-screen instructions available 24 hours VOTE BY PHONE Call 1-800-337-3503
Follow the recorded instructions available 24 hours VOTE BY MAIL Vote, sign and date this Proxy Card and return in the postage-paid envelope
VIRTUAL MEETING at the following Website: www.meetnow.global/MWAVQWH, on July 12 at 3:30 p.m. Eastern Time To participate in the Virtual
Meeting, enter the 14-digit control number from the shaded box on this card. Please detach at perforation before mailing. PROXY CARD VIRTUS
ALLIANZGI CONVERTIBLE & INCOME FUND JOINT ANNUAL MEETING OF SHAREHOLDERS TO BE HELD ON JULY 12, 2022 COMMON STOCK THIS PROXY IS SOLICITED
BY THE BOARD OF TRUSTEES. The undersigned hereby appoints Jennifer Fromm, George R. Aylward and W. Patrick Bradley, and each of them with
full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders to be held
virtually at the following Website: www.meetnow.global/MWAVQWH on July 12, 2022 at 3:30 p.m. Eastern Time and at any and all adjournments
thereof (the “Meeting”), to vote all shares of common stock of Virtus AllianzGI Convertible & Income Fund, which the undersigned
would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the instructions indicated
herein. To participate in the Virtual Meeting enter the 14-digit control number from the shaded box on this card. A majority of the proxies
present and acting at the Meeting in person or by substitute (or, if only one shall be so present, then that one) shall have and may exercise
all of the power and authority of said proxies hereunder. This proxy is solicited on behalf of the Board of Trustees of Virtus AllianzGI
Convertible & Income Fund. This proxy card when properly executed will be voted in the manner directed herein by the undersigned shareholder,
and in the discretion of such proxies, upon any and all other matters as may properly come before the Meeting or any adjournment thereof.
If no direction is made, this proxy will be voted “FOR” the Proposals. The undersigned hereby acknowledges receipt of the
accompanying Notice of Joint Annual Meeting and Joint Proxy Statement for the Meeting. VOTE VIA THE INTERNET: www.proxy-direct.com VOTE
VIA THE TELEPHONE: 1-800-337-3503 To change the address on your account, please check the box at right and indicate your new address in
the address space below. Please note that changes to the registered name(s) on the account may not be submitted via this method. NCV_32775_050522
PLEASE MARK, SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY IN THE ENCLOSED ENVELOPE. xxxxxxxxxxxxxx code
EVERY VOTE IS IMPORTANT Important Notice Regarding the Availability
of Proxy Materials for the Joint Annual Shareholder Meeting to Be Held virtually on July 12, 2022 The Joint Proxy Statement is available
at: https://www.proxy-direct.com/vir-32775 IF YOU VOTE BY TELEPHONE OR INTERNET, PLEASE DO NOT MAIL YOUR CARD Please detach at perforation
before mailing. TO VOTE MARK BLOCKS BELOW IN BLUE OR BLACK INK AS SHOWN IN THIS EXAMPLE: X A Proposals The Board of Trustees recommends
a vote “FOR” the following nominees in proposals 1e, 1g and 1h. 1e. Election of Trustee (Class I): FOR WITHHOLD William B.
Ogden, IV 1g. Election of Trustee (Class I): FOR WITHHOLD 01. Alan Rappaport 1h. Election of Trustee (Class III): FOR WITHHOLD 01. Brian
T. Zino Transact such other business as may properly come before the Meeting, or any adjournments, postponements or delays thereof. B
Authorized Signatures This section must be completed for your vote to be counted. Sign and Date Below Note: Please sign
exactly as your name(s) appear(s) on this Proxy Card, and date it. When shares are held jointly, each holder should sign. When signing
as attorney, executor, guardian, administrator, trustee, officer of corporation or other entity or in another representative capacity,
please give the full title under the signature. Date (mm/dd/yyyy) Please print date below Signature 1 Please keep signature
within the box Signature 2 Please keep signature within the box Scanner bar code xxxxxxxxxxxxxx NCV1 32775 xxxxxxxx FOR AGAINST
ABSTAIN
EVERY VOTE IS IMPORTANT EASY VOTING OPTIONS: VOTE ON THE INTERNET Log on to: www.proxy-direct.com or scan the QR code Follow the on-screen instructions
available 24 hours Please detach at perforation before mailing. PROXY CARD VIRTUS ALLIANZGI CONVERTIBLE & INCOME FUND JOINT ANNUAL MEETING OF SHAREHOLDERS TO BE HELD ON JULY 12, 2022 PREFERRED STOCK THIS PROXY IS SOLICITED BY THE BOARD OF TRUSTEES.
The undersigned hereby appoints Jennifer Fromm, George R. Aylward and W. Patrick Bradley, and each of them with full power of substitution
and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders to be held virtually at the following
Website: www.meetnow.global/MWAVQWH on July 12, 2022 at 3:30 p.m. Eastern Time and at any and all adjournments thereof (the “Meeting”),
to vote all shares of preferred stock of Virtus AllianzGI Convertible & Income Fund, which the undersigned would be entitled to vote,
with all powers the undersigned would possess if personally present, in accordance with the instructions indicated herein. To participate
in the Virtual Meeting enter the 14-digit control number from the shaded box on this card. A majority of the proxies present and acting
at the Meeting in person or by substitute (or, if only one shall be so present, then that one) shall have and may exercise all of the
power and authority of said proxies hereunder. This proxy is solicited on behalf of the Board of Trustees of Virtus AllianzGI Convertible
& Income Fund. This proxy card when properly executed will
be voted in the manner directed herein by the undersigned shareholder, and in the discretion of such proxies, upon any and all other matters
as may properly come before the Meeting or any adjournment thereof. If no direction is made, this proxy will be voted “FOR”
the Proposals. The undersigned hereby acknowledges receipt of the accompanying Notice of Joint Annual Meeting and Joint Proxy Statement
for the Meeting. VOTE VIA THE INTERNET:
www.proxy-direct.com VOTE VIA THE TELEPHONE: 1-800-337-3503 To
change the address on your account, please check the box at right and indicate your new address in the address space below. Please note
that changes to the registered name(s) on the account may not be submitted via this method. NCV_32775_052722_Pref PLEASE MARK, SIGN, DATE AND RETURN THE PROXY
CARD PROMPTLY IN THE ENCLOSED ENVELOPE. xxxxxxxxxxxxxx code
EVERY VOTE IS IMPORTANT Important Notice Regarding the Availability
of Proxy Materials for the Joint Annual Shareholder Meeting to Be Held virtually on July 12, 2022 The Joint Proxy Statement is available
at: https://www.proxy-direct.com/vir-32775 IF YOU VOTE BY TELEPHONE OR INTERNET, PLEASE DO NOT MAIL YOUR CARD Please detach at perforation
before mailing. TO VOTE MARK BLOCKS BELOW IN BLUE OR BLACK INK AS SHOWN IN THIS EXAMPLE: X A Proposals The Board of Trustees recommends
a vote “FOR” the following nominees in proposals 1e, 1f, 1g and 1h. 1e. Election of Trustee (Class I): FOR WITHHOLD William
B. Ogden, IV 1f. Election of Trustee (Class I): FOR WITHHOLD Philip R. McLoughlin 1g. Election of Trustee (Class I): FOR WITHHOLD 01.
Alan Rappaport 1h. Election of Trustee (Class III): FOR WITHHOLD 01. Brian T. Zino Transact such other business as may properly come before
the Meeting, or any adjournments, postponements or delays thereof. B Authorized Signatures This section must be completed for your
vote to be counted. Sign and Date Below Note: Please sign exactly as your name(s) appear(s) on this Proxy Card, and date it. When
shares are held jointly, each holder should sign. When signing as attorney, executor, guardian, administrator, trustee, officer of corporation
or other entity or in another representative capacity, please give the full title under the signature. Date (mm/dd/yyyy) Please
print date below Signature 1 Please keep signature within the box Signature 2 Please keep signature within the box Scanner
bar code xxxxxxxxxxxxxx NCV2 32775 xxxxxxxx FOR AGAINST ABSTAIN
EVERY VOTE IS IMPORTANT EASY VOTING OPTIONS: VOTE ON THE INTERNET Log
on to: www.proxy-direct.com or scan the QR code Follow the on-screen instructions available 24 hours VOTE BY PHONE Call 1-800-337-3503
Follow the recorded instructions available 24 hours VOTE BY MAIL Vote, sign and date this Proxy Card and return in the postage-paid envelope
VIRTUAL MEETING at the following Website: www.meetnow.global/MWAVQWH on July 12 at 3:30 p.m. Eastern Time To participate in the Virtual
Meeting, enter the 14-digit control number from the shaded box on this card. Please detach at perforation before mailing. PROXY CARD VIRTUS
ALLIANZGI CONVERTIBLE & INCOME FUND II JOINT ANNUAL MEETING OF SHAREHOLDERS TO BE HELD ON JULY 12, 2022 COMMON STOCK THIS PROXY IS
SOLICITED BY THE BOARD OF TRUSTEES. The undersigned hereby appoints Jennifer Fromm, George R. Aylward and W. Patrick Bradley, and each
of them with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders
to be held virtually at the following Website: www.meetnow.global/MWAVQWH on July 12, 2022 at 3:30 p.m. Eastern Time and at any and all
adjournments thereof (the “Meeting”), to vote all shares of common stock of Virtus AllianzGI Convertible & Income Fund
II, which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance
with the instructions indicated herein. To participate in the Virtual Meeting enter the 14-digit control number from the shaded box on
this card. A majority of the proxies present and acting at the Meeting in person or by substitute (or, if only one shall be so present,
then that one) shall have and may exercise all of the power and authority of said proxies hereunder. This proxy is solicited on behalf
of the Board of Trustees of Virtus AllianzGI Convertible & Income Fund II. This proxy card when properly executed will be voted in
the manner directed herein by the undersigned shareholder, and in the discretion of such proxies, upon any and all other matters as may
properly come before the Meeting or any adjournment thereof. If no direction is made, this proxy will be voted “FOR” the Proposals.
The undersigned hereby acknowledges receipt of the accompanying Notice of Joint Annual Meeting and Joint Proxy Statement for the Meeting.
VOTE VIA THE INTERNET: www.proxy-direct.com VOTE VIA THE TELEPHONE: 1-800-337-3503 To change the address on your account, please check
the box at right and indicate your new address in the address space below. Please note that changes to the registered name(s) on the account
may not be submitted via this method. NCZ_32775_050522 PLEASE MARK, SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY IN THE ENCLOSED ENVELOPE.
Xxxxxxxxxxxxxx code
EVERY VOTE IS IMPORTANT Important Notice Regarding the Availability
of Proxy Materials for the Joint Annual Shareholder Meeting to Be Held virtually on July 12, 2022 The Joint Proxy Statement is available
at: https://www.proxy-direct.com/vir-32775 IF YOU VOTE BY TELEPHONE OR INTERNET, PLEASE DO NOT MAIL YOUR CARD Please detach at perforation
before mailing. TO VOTE MARK BLOCKS BELOW IN BLUE OR BLACK INK AS SHOWN IN THIS EXAMPLE:
A A.Proposals The Board of Trustees recommends a vote “FOR” the following nominees in proposals 1j, 1k and 1l. 1j. Election of Trustee (Class I): FOR WITHHOLD William B. Ogden, IV 1k. Election of Trustee (Class I): FOR WITHHOLD
01. Alan Rappaport 1l. Election of Trustee (Class I): FOR WITHHOLD 01. Brian T. Zino Transact such other business as may properly come
before the Meeting, or any adjournments, postponements or delays thereof.
B Authorized Signatures This section must be completed for your vote to be counted. Sign and
Date Below Note: Please sign exactly as your name(s) appear(s) on this Proxy Card, and date it. When shares are held jointly, each holder
should sign. When signing as attorney, executor, guardian, administrator, trustee, officer of corporation or other entity or in another
representative capacity, please give the full title under the signature. Date (mm/dd/yyyy) Please print date below Signature 1
Please keep signature within the box Signature 2 Please keep signature within the box Scanner bar code xxxxxxxxxxxxxx NCZ1
32775 xxxxxxxx FOR AGAINST ABSTAIN
EVERY VOTE IS IMPORTANT EASY VOTING OPTIONS: VOTE BY PHONE Call
1-800-337-3503 Follow the recorded instructions available 24 hours VOTE BY MAIL Vote, sign and date this Proxy Card and return in
the postage-paid envelope VIRTUAL MEETING at the following Website: www.meetnow.global/MWAVQWH on July 12 at 3:30 p.m. Eastern Time
To participate in the Virtual Meeting, enter the 14-digit control number from the shaded box on this card. VOTE ON THE INTERNET Log
on to: www.proxy-direct.com or scan the QR code Follow the on-screen instructions available 24 hours Please detach at perforation
before mailing. PROXY CARD VIRTUS ALLIANZGI CONVERTIBLE & INCOME FUND II JOINT ANNUAL MEETING OF SHAREHOLDERS TO BE HELD ON JULY
12, 2022 PREFERRED STOCK THIS PROXY IS SOLICITED BY THE BOARD OF TRUSTEES. The undersigned hereby appoints Jennifer Fromm, George R.
Aylward and W. Patrick Bradley, and each of them with full power of substitution and revocation, as proxies to represent the
undersigned at the Joint Annual Meeting of Shareholders to be held virtually at the following Website: www.meetnow.global/MWAVQWH on
July 12, 2022 at 3:30 p.m. Eastern Time and at any and all adjournments thereof (the “Meeting”), to vote all shares of
preferred stock of Virtus AllianzGI Convertible & Income Fund II, which the undersigned would be entitled to vote, with all
powers the undersigned would possess if personally present, in accordance with the instructions indicated herein. To participate in
the Virtual Meeting enter the 14-digit control number from the shaded box on this card. A majority of the proxies present and acting
at the Meeting in person or by substitute (or, if only one shall be so present, then that one) shall have and may exercise all of
the power and authority of said proxies hereunder. This proxy is solicited on behalf of the Board of Trustees of Virtus AllianzGI
Convertible & Income Fund II. This proxy card when properly executed will be voted in the manner directed herein by the
undersigned shareholder, and in the discretion of such proxies, upon any and all other matters as may properly come before the
Meeting or any adjournment thereof. If no direction is made, this proxy will be voted “FOR” the Proposals. The
undersigned hereby acknowledges receipt of the accompanying Notice of Joint Annual Meeting and Joint Proxy Statement for the
Meeting. VOTE VIA THE INTERNET: www.proxy-direct.com VOTE VIA THE TELEPHONE: 1-800-337-3503 To change the address on your account,
please check the box at right and indicate your new address in the address space below. Please note that changes to the registered
name(s) on the account may not be submitted via this method. NCZ_32775_052722_Pref PLEASE MARK, SIGN, DATE AND RETURN THE PROXY CARD
PROMPTLY IN THE ENCLOSED ENVELOPE. xxxxxxxxxxxxxx code
EVERY VOTE IS IMPORTANT Important Notice Regarding the Availability
of Proxy Materials for the Joint Annual Shareholder Meeting to Be Held virtually on July 12, 2022 The Joint Proxy Statement is available
at: https://www.proxy-direct.com/vir-32775 IF YOU VOTE BY TELEPHONE OR INTERNET, PLEASE DO NOT MAIL YOUR CARD Please detach at perforation
before mailing. TO VOTE MARK BLOCKS BELOW IN BLUE OR BLACK INK AS SHOWN IN THIS EXAMPLE A Proposals The Board of Trustees recommends a
vote “FOR” the following nominees in proposals 1i, 1j, 1k and 1l. 1i. Election of Trustee (Class I): FOR WITHHOLD Sarah E. Cogan 1j. Election of Trustee (Class I): FOR WITHHOLD
William B. Ogden, IV 1k. Election of Trustee (Class I): FOR WITHHOLD 01. Alan Rappaport 1l. Election of Trustee (Class I): FOR WITHHOLD
01. Brian T. Zino Transact such other business as may properly come before the Meeting, or any adjournments, postponements or delays thereof.
B Authorized Signatures This section must be completed for your vote to be counted. Sign and Date Below Note: Please sign
exactly as your name(s) appear(s) on this Proxy Card, and date it. When shares are held jointly, each holder should sign. When signing
as attorney, executor, guardian, administrator, trustee, officer of corporation or other entity or in another representative capacity,
please give the full title under the signature. Date (mm/dd/yyyy) Please print date below Signature 1 Please keep signature
within the box Signature 2 Please keep signature within the box Scanner bar code xxxxxxxxxxxxxx NCZ 2 32775 xxxxxxxx FOR
AGAINST ABSTAIN
EVERY VOTE IS IMPORTANT EASY VOTING OPTIONS: VOTE BY MAIL Vote, sign
and date this Proxy Card and return in the postage-paid envelope VIRTUAL MEETING at the following Website: www.meetnow.global/MWAVQWH
on July 12 at 3:30 p.m. Eastern Time To participate in the Virtual Meeting, enter the 14-digit control number from the shaded box on this
card. VOTE BY PHONE Call 1-800-337-3503 Follow the recorded instructions available 24 hours VOTE ON THE INTERNET Log on to: www.proxy-direct.com
or scan the QR code Follow the on-screen instructions available 24 hours Please detach at perforation before mailing. PROXY CARD VIRTUS
ALLIANZGI CONVERTIBLE & INCOME 2024 TARGET TERM FUND JOINT ANNUAL MEETING OF SHAREHOLDERS TO BE HELD ON JULY 12, 2022 COMMON STOCK
THIS PROXY IS SOLICITED BY THE BOARD OF TRUSTEES. The undersigned hereby appoints Jennifer Fromm, George R. Aylward and W. Patrick Bradley,
and each of them with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of
Shareholders to be held virtually at the following Website: www.meetnow.global/MWAVQWH on July 12, 2022 at 3:30 p.m. Eastern Time and
at any and all adjournments thereof (the “Meeting”), to vote all shares of common stock of Virtus AllianzGI Convertible &
Income 2024 Target Term Fund, which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally
present, in accordance with the instructions indicated herein. To participate in the Virtual Meeting enter the 14-digit control number
from the shaded box on this card. A majority of the proxies present and acting at the Meeting in person or by substitute (or, if only
one shall be so present, then that one) shall have and may exercise all of the power and authority of said proxies hereunder. This proxy
is solicited on behalf of the Board of Trustees of Virtus AllianzGI Convertible & Income 2024 Target Term Fund. This proxy card when
properly executed will be voted in the manner directed herein by the undersigned shareholder, and in the discretion of such proxies, upon
any and all other matters as may properly come before the Meeting or any adjournment thereof. If no direction is made, this proxy will
be voted “FOR” the Proposals. The undersigned hereby acknowledges receipt of the accompanying Notice of Joint Annual Meeting
and Joint Proxy Statement for the Meeting. VOTE VIA THE INTERNET: www.proxy-direct.com VOTE VIA THE TELEPHONE: 1-800-337-3503 To change
the address on your account, please check the box at right and indicate your new address in the address space below. Please note that
changes to the registered name(s) on the account may not be submitted via this method. CBH_32775_050522 PLEASE MARK, SIGN, DATE AND RETURN
THE PROXY CARD PROMPTLY IN THE ENCLOSED ENVELOPE. Xxxxxxxxxxxxxx code
EVERY VOTE IS IMPORTANT Important Notice Regarding the Availability
of Proxy Materials for the Joint Annual Shareholder Meeting to Be Held virtually on July 12, 2022 The Joint Proxy Statement is available
at: https://www.proxy-direct.com/vir-32775 IF YOU VOTE BY TELEPHONE OR INTERNET, PLEASE DO NOT MAIL YOUR CARD Please detach at perforation
before mailing. TO VOTE MARK BLOCKS BELOW IN BLUE OR BLACK INK AS SHOWN IN THIS EXAMPLE: X A Proposals The Board of Trustees recommends
a vote “FOR” the following nominees in proposals 1m, 1n, 1o and 1p. 1m. Election of Trustee (Class II): FOR WITHHOLD F. Ford
Drummond 1n. Election of Trustee (Class II): FOR WITHHOLD 01. James S. MacLeod 1o. Election of Trustee (Class I): FOR WITHHOLD 01. Philip
R. McLoughlin 1p. Election of Trustee (Class I): FOR WITHHOLD 01. Brian T. Zino Transact such other business as may properly come before
the Meeting, or any adjournments, postponements or delays thereof. B Authorized Signatures This section must be completed for your
vote to be counted. Sign and Date Below Note: Please sign exactly as your name(s) appear(s) on this Proxy Card, and date it. When
shares are held jointly, each holder should sign. When signing as attorney, executor, guardian, administrator, trustee, officer of corporation
or other entity or in another representative capacity, please give the full title under the signature. Date (mm/dd/yyyy) Please
print date below Signature 1 Please keep signature within the box Signature 2 Please keep signature within the box Scanner
bar code xxxxxxxxxxxxxx CBH 32775 xxxxxxxx FOR AGAINST ABSTAIN
EVERY VOTE IS IMPORTANT EASY VOTING OPTIONS: VOTE ON THE INTERNET Log
on to: www.proxy-direct.com or scan the QR code Follow the on-screen instructions available 24 hours VOTE BY PHONE Call 1-800-337-3503
Follow the recorded instructions available 24 hours VOTE BY MAIL Vote, sign and date this Proxy Card and return in the postage-paid envelope
VIRTUAL MEETING at the following Website: www.meetnow.global/MWAVQWH on July 12 at 3:30 p.m. Eastern Time To participate in the Virtual
Meeting, enter the 14-digit control number from the shaded box on this card. Please detach at perforation before mailing. PROXY CARD VIRTUS
ALLIANZGI DIVERSIFIED INCOME & CONVERTIBLE FUND JOINT ANNUAL MEETING OF SHAREHOLDERS TO BE HELD ON JULY 12, 2022 COMMON STOCK THIS
PROXY IS SOLICITED BY THE BOARD OF TRUSTEES. The undersigned hereby appoints Jennifer Fromm, George R. Aylward and W. Patrick Bradley,
and each of them with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of
Shareholders to be held virtually at the following Website: www.meetnow.global/MWAVQWH on July 12, 2022 at 3:30 p.m. Eastern Time and
at any and all adjournments thereof (the “Meeting”), to vote all shares of common stock of Virtus AllianzGI Diversified Income
& Convertible Fund, which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present,
in accordance with the instructions indicated herein. To participate in the Virtual Meeting enter the 14-digit control number from the
shaded box on this card. A majority of the proxies present and acting at the Meeting in person or by substitute (or, if only one shall
be so present, then that one) shall have and may exercise all of the power and authority of said proxies hereunder. This proxy is solicited
on behalf of the Board of Trustees of Virtus AllianzGI Diversified Income & Convertible Fund. This proxy card when properly executed
will be voted in the manner directed herein by the undersigned shareholder, and in the discretion of such proxies, upon any and all other
matters as may properly come before the Meeting or any adjournment thereof. If no direction is made, this proxy will be voted “FOR”
the Proposals. The undersigned hereby acknowledges receipt of the accompanying Notice of Joint Annual Meeting and Joint Proxy Statement
for the Meeting. VOTE VIA THE INTERNET: www.proxy-direct.com VOTE VIA THE TELEPHONE: 1-800-337-3503 To change the address on your account,
please check the box at right and indicate your new address in the address space below. Please note that changes to the registered name(s)
on the account may not be submitted via this method. ACV_32775_052722 PLEASE MARK, SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY IN THE
ENCLOSED ENVELOPE. Xxxxxxxxxxxxxx code
EVERY VOTE IS IMPORTANT Important Notice Regarding the Availability
of Proxy Materials for the Joint Annual Shareholder Meeting to Be Held virtually on July 12, 2022 The Joint Proxy Statement is available
at: https://www.proxy-direct.com/vir-32775 IF YOU VOTE BY TELEPHONE OR INTERNET, PLEASE DO NOT MAIL YOUR CARD Please detach at perforation
before mailing. TO VOTE MARK BLOCKS BELOW IN BLUE OR BLACK INK AS SHOWN IN THIS EXAMPLE: X A Proposals The Board of Trustees recommends
a vote “FOR” the following nominees in proposals 1q, 1r and 1s. 1q. Election of Trustee (Class I): FOR WITHHOLD William B.
Ogden, IV 1r. Election of Trustee (Class I): FOR WITHHOLD 01. Alan Rappaport 1s. Election of Trustee (Class II): FOR WITHHOLD 01. R. Keith
Walton Transact such other business as may properly come before the Meeting, or any adjournments, postponements or delays thereof. B Authorized
Signatures This section must be completed for your vote to be counted. Sign and Date Below Note: Please sign exactly as
your name(s) appear(s) on this Proxy Card, and date it. When shares are held jointly, each holder should sign. When signing as attorney,
executor, guardian, administrator, trustee, officer of corporation or other entity or in another representative capacity, please give
the full title under the signature. Date (mm/dd/yyyy) Please print date below Signature 1 Please keep signature within the
box Signature 2 Please keep signature within the box Scanner bar code xxxxxxxxxxxxxx ACV1 32775 xxxxxxxx FOR
AGAINST ABSTAIN
EVERY VOTE IS IMPORTANT EASY VOTING OPTIONS: VIRTUAL MEETING at the
following Website: www.meetnow.global/MWAVQWH on July 12 at 3:30 p.m. Eastern Time To participate in the Virtual Meeting, enter the 14-digit
control number from the shaded box on this card. VOTE BY MAIL Vote, sign and date this Proxy Card and return in the postage-paid envelope
VOTE BY PHONE Call 1-800-337-3503 Follow the recorded instructions available 24 hours VOTE ON THE INTERNET Log on to: www.proxy-direct.com
or scan the QR code Follow the on-screen instructions available 24 hours Please detach at perforation before mailing. PROXY CARD VIRTUS
ALLIANZGI DIVERSIFIED INCOME & CONVERTIBLE FUND JOINT ANNUAL MEETING OF SHAREHOLDERS TO BE HELD ON JULY 12, 2022 PREFERRED STOCK THIS
PROXY IS SOLICITED BY THE BOARD OF TRUSTEES. The undersigned hereby appoints Jennifer Fromm, George R. Aylward and W. Patrick Bradley,
and each of them with full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of
Shareholders to be held virtually at the following Website: www.meetnow.global/MWAVQWH on July 12, 2022 at 3:30 p.m. Eastern Time and
at any and all adjournments thereof (the “Meeting”), to vote all shares of preferred stock of Virtus AllianzGI Diversified
Income & Convertible Fund, which the undersigned would be entitled to vote, with all powers the undersigned would possess if personally
present, in accordance with the instructions indicated herein. To participate in the Virtual Meeting enter the 14-digit control number
from the shaded box on this card. A majority of the proxies present and acting at the Meeting in person or by substitute (or, if only
one shall be so present, then that one) shall have and may exercise all of the power and authority of said proxies hereunder. This proxy
is solicited on behalf of the Board of Trustees of Virtus AllianzGI Diversified Income & Convertible Fund. This proxy card when properly
executed will be voted in the manner directed herein by the undersigned shareholder, and in the discretion of such proxies, upon any and
all other matters as may properly come before the Meeting or any adjournment thereof. If no direction is made, this proxy will be voted
“FOR” the Proposals. The undersigned hereby acknowledges receipt of the accompanying Notice of Joint Annual Meeting and Joint
Proxy Statement for the Meeting. VOTE VIA THE INTERNET: www.proxy-direct.com VOTE VIA THE TELEPHONE: 1-800-337-3503 To change the address
on your account, please check the box at right and indicate your new address in the address space below. Please note that changes to the
registered name(s) on the account may not be submitted via this method. ACV_32775_052722_Pref PLEASE MARK, SIGN, DATE AND RETURN THE PROXY
CARD PROMPTLY IN THE ENCLOSED ENVELOPE. xxxxxxxxxxxxxx code
EVERY VOTE IS IMPORTANT Important Notice Regarding the Availability
of Proxy Materials for the Joint Annual Shareholder Meeting to Be Held virtually on July 12, 2022 The Joint Proxy Statement is available
at: https://www.proxy-direct.com/vir-32775 IF YOU VOTE BY TELEPHONE OR INTERNET, PLEASE DO NOT MAIL YOUR CARD Please detach at perforation
before mailing. TO VOTE MARK BLOCKS BELOW IN BLUE OR BLACK INK AS SHOWN IN THIS EXAMPLE: A Proposals The Board of Trustees recommends
a vote “FOR” the following nominees in proposals 1q, 1r, 1s and 1t. 1q. Election of Trustee (Class I): FOR WITHHOLD William
B. Ogden, IV 1r. Election of Trustee (Class I): FOR WITHHOLD Alan Rappaport 1s. Election of Trustee (Class II): FOR WITHHOLD 01. R. Keith
Walton 1t. Election of Trustee (Class I): FOR WITHHOLD 01. Brian T. Zino Transact such other business as may properly come before the
Meeting, or any adjournments, postponements or delays thereof. Authorized Signatures This section must be completed for your vote
to be counted. Sign and Date Below Note: Please sign exactly as your name(s) appear(s) on this Proxy Card, and date it. When shares
are held jointly, each holder should sign. When signing as attorney, executor, guardian, administrator, trustee, officer of corporation
or other entity or in another representative capacity, please give the full title under the signature. Date (mm/dd/yyyy) Please
print date below Signature 1 Please keep signature within the box Signature 2 Please keep signature within the box Scanner
bar code xxxxxxxxxxxxxx ACV2 32775 xxxxxxxx FOR AGAINST ABSTAIN
EVERY VOTE IS IMPORTANT EASY VOTING OPTIONS: VIRTUAL MEETING at the
following Website: www.meetnow.global/MWAVQWH on July 12 at 3:30 p.m. Eastern Time To participate in the Virtual Meeting, enter the 14-digit
control number from the shaded box on this card. VOTE BY MAIL Vote, sign and date this Proxy Card and return in the postage-paid envelope
VOTE BY PHONE Call 1-800-337-3503 Follow the recorded instructions available 24 hours VOTE ON THE INTERNET Log on to: www.proxy-direct.com
or scan the QR code Follow the on-screen instructions available 24 hours Please detach at perforation before mailing. PROXY CARD VIRTUS
ALLIANZGI EQUITY & CONVERTIBLE INCOME FUND JOINT ANNUAL MEETING OF SHAREHOLDERS TO BE HELD ON JULY 12, 2022 COMMON THIS PROXY IS SOLICITED
BY THE BOARD OF TRUSTEES. The undersigned hereby appoints Jennifer Fromm, George R. Aylward and W. Patrick Bradley, and each of them with
full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders to be held
virtually at the following Website: www.meetnow.global/MWAVQWH on July 12, 2022 at 3:30 p.m. Eastern Time and at any and all adjournments
thereof (the “Meeting”), to vote all shares of common stock of Virtus AllianzGI Equity & Convertible Income Fund, which
the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the
instructions indicated herein. To participate in the Virtual Meeting enter the 14-digit control number from the shaded box on this card.
A majority of the proxies present and acting at the Meeting in person or by substitute (or, if only one shall be so present, then that
one) shall have and may exercise all of the power and authority of said proxies hereunder. This proxy is solicited on behalf of the Board
of Trustees of Virtus AllianzGI Equity & Convertible Income Fund. This proxy card when properly executed will be voted in the manner
directed herein by the undersigned shareholder, and in the discretion of such proxies, upon any and all other matters as may properly
come before the Meeting or any adjournment thereof. If no direction is made, this proxy will be voted “FOR” the Proposals.
The undersigned hereby acknowledges receipt of the accompanying Notice of Joint Annual Meeting and Joint Proxy Statement for the Meeting.
VOTE VIA THE INTERNET: www.proxy-direct.com VOTE VIA THE TELEPHONE: 1-800-337-3503 To change the address on your account, please check
the box at right and indicate your new address in the address space below. Please note that changes to the registered name(s) on the account
may not be submitted via this method. NIE_32775_050522 PLEASE MARK, SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY IN THE ENCLOSED ENVELOPE.
xxxxxxxxxxxxxx code
EVERY VOTE IS IMPORTANT Important Notice Regarding the Availability
of Proxy Materials for the Joint Annual Shareholder Meeting to Be Held virtually on July 12, 2022 The Joint Proxy Statement is available
at: https://www.proxy-direct.com/vir-32775 IF YOU VOTE BY TELEPHONE OR INTERNET, PLEASE DO NOT MAIL YOUR CARD Please detach at perforation
before mailing. TO VOTE MARK BLOCKS BELOW IN BLUE OR BLACK INK AS SHOWN IN THIS EXAMPLE: X A Proposals The Board of Trustees recommends
a vote “FOR” the following nominees in proposals 1u, 1v, 1w and 1x. 1u. Election of Trustee (Class III): FOR WITHHOLD George
R. Aylward 1v. Election of Trustee (Class III): FOR WITHHOLD 01. Sarah E. Cogan 1w. Election of Trustee (Class III): FOR WITHHOLD 01.
Deborah A. DeCotis 1x. Election of Trustee (Class I): FOR WITHHOLD 01. Brian T. Zino Transact such other business as may properly come
before the Meeting, or any adjournments, postponements or delays thereof.
B Authorized Signatures This section must be completed for your vote to be counted. Sign and Date Below Note: Please sign
exactly as your name(s) appear(s) on this Proxy Card, and date it. When shares are held jointly, each holder should sign. When signing
as attorney, executor, guardian, administrator, trustee, officer of corporation or other entity or in another representative capacity,
please give the full title under the signature. Date (mm/dd/yyyy) Please print date below Signature 1 Please keep signature
within the box Signature 2 Please keep signature within the box Scanner bar code xxxxxxxxxxxxxx NIE 32775 xxxxxxxx FOR
AGAINST ABSTAIN
EVERY VOTE IS IMPORTANT EASY VOTING OPTIONS: VOTE ON THE INTERNET Log
on to: www.proxy-direct.com or scan the QR code Follow the on-screen instructions available 24 hours VOTE BY PHONE Call 1-800-337-3503
Follow the recorded instructions available 24 hours VOTE BY MAIL Vote, sign and date this Proxy Card and return in the postage-paid envelope
VIRTUAL MEETING at the following Website: www.meetnow.global/MWAVQWH, on July 12 at 3:30 p.m. Eastern Time To participate in the Virtual
Meeting, enter the 14-digit control number from the shaded box on this card. Please detach at perforation before mailing. PROXY CARD VIRTUS
DIVIDEND, INTEREST & PREMIUM STRATEGY FUND JOINT ANNUAL MEETING OF SHAREHOLDERS TO BE HELD ON JULY 12, 2022 COMMON THIS PROXY IS SOLICITED
BY THE BOARD OF TRUSTEES. The undersigned hereby appoints Jennifer Fromm, George R. Aylward and W. Patrick Bradley, and each of them with
full power of substitution and revocation, as proxies to represent the undersigned at the Joint Annual Meeting of Shareholders to be held
virtually at the following Website: www.meetnow.global/MWAVQWH on July 12, 2022 at 3:30 p.m. Eastern Time and at any and all adjournments
thereof (the “Meeting”), to vote all shares of common stock of Virtus Dividend, Interest & Premium Strategy Fund, which
the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, in accordance with the
instructions indicated herein. To participate in the Virtual Meeting enter the 14-digit control number from the shaded box on this card.
A majority of the proxies present and acting at the Meeting in person or by substitute (or, if only one shall be so present, then that
one) shall have and may exercise all of the power and authority of said proxies hereunder. This proxy is solicited on behalf of the Board
of Trustees of Virtus Dividend, Interest & Premium Strategy Fund. This proxy card when properly executed will be voted in the manner
directed herein by the undersigned shareholder, and in the discretion of such proxies, upon any and all other matters as may properly
come before the Meeting or any adjournment thereof. If no direction is made, this proxy will be voted “FOR” the Proposals.
The undersigned hereby acknowledges receipt of the accompanying Notice of Joint Annual Meeting and Joint Proxy Statement for the Meeting.
VOTE VIA THE INTERNET: www.proxy-direct.com VOTE VIA THE TELEPHONE: 1-800-337-3503 To change the address on your account, please check
the box at right and indicate your new address in the address space below. Please note that changes to the registered name(s) on the account
may not be submitted via this method. NFJ_32775_050522 PLEASE MARK, SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY IN THE ENCLOSED ENVELOPE.
xxxxxxxxxxxxxx code
EVERY VOTE IS IMPORTANT Important Notice
Regarding the Availability of Proxy Materials for the Joint Annual Shareholder Meeting to Be Held virtually on July 12, 2022 The Joint
Proxy Statement is available at: https://www.proxy-direct.com/vir-32775 IF YOU VOTE BY TELEPHONE OR INTERNET, PLEASE DO NOT MAIL YOUR
CARD Please detach at perforation before mailing. TO VOTE MARK BLOCKS BELOW IN BLUE OR BLACK INK AS SHOWN IN THIS EXAMPLE: X A Proposals
The Board of Trustees recommends a vote “FOR” the following nominees in proposals 1y, 1z, 1aa and 1bb. 1y. Election of Trustee
(Class II): FOR WITHHOLD George R. Aylward 1z. Election of Trustee (Class II): FOR WITHHOLD 01. Deborah A. DeCotis 1aa. Election of Trustee
(Class II): FOR WITHHOLD 01. Philip R. McLoughlin 1bb. Election of Trustee (Class I): FOR WITHHOLD 01. Brian T. Zino Transact such other
business as may properly come before the Meeting, or any adjournments, postponements or delays thereof. B Authorized Signatures This
section must be completed for your vote to be counted. Sign and Date Below Note: Please sign exactly as your name(s) appear(s) on this
Proxy Card, and date it. When shares are held jointly, each holder should sign. When signing as attorney, executor, guardian, administrator,
trustee, officer of corporation or other entity or in another representative capacity, please give the full title under the signature.
Date (mm/dd/yyyy) Please print date below Signature 1 Please keep signature within the box Signature 2 Please keep signature within the
box Scanner bar code xxxxxxxxxxxxxx NFJ 32775 xxxxxxxx FOR AGAINST ABSTAIN