When will T. Rowe Price decide if they will extend participation in the program from three months to one year?
As stated on the Treasury’s Web site, the program will be in effect for an initial three-month term, after which the Secretary of the Treasury will review the need and terms for the program and the costs to provide the coverage. The Secretary has the option to extend the program up to the close of business on September 18, 2009. In order to maintain coverage, funds would have to renew their participation in the program after each extension. If the Secretary chooses not to extend the program at the end of the initial three month period, the program will terminate.
