Shares normally begin to earn dividends on the business day after payment is received by T. Declared daily and p aid on the first business day of each month. Other shares normally begin to earn dividends on the business day after payment is received by T. Rowe Price by 12 noon ET via wire begin to earn dividends on that day. As a means of evaluating its fair value process, the fund routinely compares closing market prices, the next day`s opening prices in the same markets, and adjusted prices. The fund cannot predict how often it will use closing prices and how often it will adjust those prices. The fund uses outside pricing services to provide it with closing market prices and information used for adjusting those prices. A fund may also fair value securities in other situations, for example, when a particular foreign market is closed but the fund is open. markets that represent foreign securities and baskets of foreign securities. securities markets, and the performance of instruments trading in U.S. In deciding whether to make these adjustments, the fund reviews a variety of factors, including developments in foreign markets, the performance of U.S.
ET will, in its judgment, materially affect the value of some or all of the fund`s securities, the fund will adjust the previous closing prices to reflect what it believes to be the fair value of the securities as of 4 p.m. If a fund determines that developments between the close of the foreign market and 4 p.m. For securities primarily traded in the Far East, for example, the most recent closing prices may be as much as 15 hours old at 4 p.m. ET except under the circumstances described below.
equity securities are valued on the basis of the ir most recent closing market prices at 4 p.m.