{"id":5982,"date":"2016-06-06T00:00:00","date_gmt":"2016-06-06T05:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2016\/06\/t_rowe_price_to_pay_fund_share"},"modified":"2022-05-18T14:45:55","modified_gmt":"2022-05-18T19:45:55","slug":"t-rowe-price-to-pay-fund-share","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/t-rowe-price-to-pay-fund-share\/","title":{"rendered":"T. Rowe Price to Pay Fund Shareholders, Clients About $194M Over Dell Buyout Voting Mistake"},"content":{"rendered":"

Mutual fund company T-Rowe Price Group Inc. (TROW) will pay $194M to clients because of a proxy-voting mistake it made in 2013 during the management buyout of Dell Inc. The payments will be made to a number of institutional client accounts, two trusts, four U.S. mutual funds, and one fund located overseas.<\/p>\n

Among the funds to benefit the most are the:<\/p>\n

\u00b7 T. Rowe Price Equity Income Fund (PRFDX)<\/p>\n

\u00b7 T. Rowe Price Science & Technology Fund (PRSCX), which is expected to be affected the most because it has a greater number of Dell shares as a percentage of all its assets.<\/p>\n

\u00b7 T. Rowe Price Institutional Large-Cap Value Fund (TILCX)<\/p>\n

Shareholders will not get cash as part of this payout. Instead, they will see the results in the performance bump of the impacted portfolios.<\/p>\n

Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Mutual fund company T-Rowe Price Group Inc. (TROW) will pay $194M to clients because of a proxy-voting mistake it made in 2013 during the management buyout of Dell Inc. The payments will be made to a number of institutional client accounts, two trusts, four U.S. mutual funds, and one fund located overseas. Among the funds […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3740],"tags":[3627,2744],"class_list":["post-5982","post","type-post","status-publish","format-standard","hentry","category-miscellaneous","tag-dell","tag-t-rowe-price"],"yoast_head":"\nT. Rowe Price to Pay Fund Shareholders, Clients About $194M Over Dell Buyout Voting Mistake — Investor Lawyers Blog — June 6, 2016<\/title>\n<meta name=\"description\" content=\"Mutual fund company T-Rowe Price Group Inc. 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