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Why are T. Rowe Prices money market funds participating in the Treasury guarantee program?

April 26, 2017funds guarantee Money Market price program rowe Treasury

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Why are T. Rowe Prices money market funds participating in the Treasury guarantee program?

1 Answer

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Currently, our expectation is that the coverage provided by this program will not be needed for any of our funds. However, the Board decided that participation would provide reassurance to concerned investors and reduce the likelihood of excessive redemptions.