2023 Mutual Fund Year-End Dividend and Capital Gains Distributions

Year-end dividend and capital gains information for 2023 is provided below. See personal Dividend and Capital Gains information for your account.

The tables below exclude capital gains and quarterly dividends paid earlier in 2023 and income that is paid monthly.

Remember, you should not prepare your taxes until you receive all of your official tax forms. Please note, shareholders of the T. Rowe Price Real Estate Fund, T. Rowe Price Global Real Estate Fund, T. Rowe Price Real Assets Fund, T. Rowe Price Mid-Cap Value Fund, and T. Rowe Price Small-Cap Value Fund will receive 1099-DIV and 1099-B forms in mid-February. See the Tax Information Mailing Schedule for more information.

Definitions Related to Distributions

Declaration Date—Funds announce the amount of the dividend to be paid to investors on the declaration date.

Record Date—Shareholders must own shares on the record date to be eligible to receive a declared distribution.

Ex-Dividend Date—Each fund's share price (net asset value) is reduced by the amount of the per-share distribution on this date.

Reinvestment Date—Distribution amounts are reinvested in fund shares on this date for shareholders who elect this option.

Payment Date—Distribution amounts are mailed by check on this date to shareholders of record who receive distributions in cash.

Two Business Days After Payment Date—Shareholder accounts are updated on this date to show exact distribution amounts and may be accessed at troweprice.com/access.

2023 Year-End Distributions (PDF)

Domestic Stock Funds

Group A

Declaration/Record Date: December 12, 2023
Ex-Dividend and Reinvestment Date: December 13, 2023
Payment Date: December 14, 2023

Year-End Distributions — Domestic Stock Funds

T. Rowe Price Domestic Stock Funds	Ticker Symbol	Per Share Amounts
T. Rowe Price Domestic Stock Funds	Ticker Symbol	Income Dividends	Short-Term Gains	Long-Term Gains
Blue Chip Growth	TRBCX	—	—	$5.2095
Dividend Growth	PRDGX	$0.2364	—	$1.1453
Equity Income	PRFDX	$0.1927	$0.0776	$1.3003
Equity Index 500	PREIX	$0.4705	—	—
Growth Stock	PRGFX	—	—	$2.8896
Hedged Equity	PHEFX	$0.0476	—	$0.0059
Integrated U.S. Small-Mid Cap Core Equity	TQSMX	$0.1131	—	$0.5872
Mid-Cap Growth	RPMGX	$0.0618	$0.3155	$5.9728
Mid-Cap Value	TRMCX	$0.3573	—	$2.0305
Multi-Strategy Total Return	TMSRX	$0.5536	—	—
New Horizons	PRNHX	—	—	—
Real Assets	PRAFX	$0.2159	—	—
Small-Cap Stock	OTCFX	$0.1285	—	$2.0776
Small-Cap Value	PRSVX	$0.3269	—	$1.3742
U.S. Equity Research	PRCOX	$0.5449	—	—
U.S. Large-Cap Core	TRULX	$0.1603	—	—
Value	TRVLX	$0.5558	$0.2005	$0.4878

Year-End Distributions — Domestic Stock Funds I Class

T. Rowe Price Domestic Stock Funds - I Class	Ticker Symbol	Per Share Amounts
T. Rowe Price Domestic Stock Funds - I Class	Ticker Symbol	Income Dividends	Short-Term Gains	Long-Term Gains
Blue Chip Growth - I Class	TBCIX	—	—	$5.2095
Dividend Growth - I Class	PDGIX	$0.2565	—	$1.1453
Equity Income - I Class	REIPX	$0.2009	$0.0776	$1.3003
Equity Index 500 - I Class	PRUIX	$0.5034	—	—
Growth Stock - I Class	PRUFX	—	—	$2.8896
Hedged Equity Fund - I Class	PHEIX	$0.0501	—	$0.0059
Integrated U.S. Small-Mid Cap Core Equity - I Class	TQSIX	$0.1472	—	$0.5872
Mid-Cap Growth - I Class	RPTIX	$0.2085	$0.3155	$5.9728
Mid-Cap Value - I Class	TRMIX	$0.4167	—	$2.0305
Multi-Strategy Total Return - I Class	TMSSX	$0.6160	—	—
New Horizons - I Class	PRJIX	—	—	—
Real Assets - I Class	PRIKX	$0.2696	—	—
Small-Cap Stock - I Class	OTIIX	$0.1847	—	$2.0776
Small-Cap Value - I Class	PRVIX	$0.3879	—	$1.3742
U.S. Equity Research - I Class	PCCOX	$0.5686	—	—
U.S. Large-Cap Core - I Class	RCLIX	$0.1753	—	—
Value - I Class	TRPIX	$0.6196	$0.2005	$0.4878

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Group B

Declaration/Record Date: December 14, 2023
Ex-Dividend and Reinvestment Date: December 15, 2023
Payment Date: December 18, 2023

Year-End Distributions — Domestic Stock Funds

T. Rowe Price Domestic Stock Funds	Ticker Symbol	Per Share Amounts
T. Rowe Price Domestic Stock Funds	Ticker Symbol	Income Dividends	Short-Term Gains	Long-Term Gains
All-Cap Opportunities	PRWAX	$0.1277	$1.5012	$1.6302
Capital Appreciation and Income¹	PRCFX	$0.0622	—	—
Capital Appreciation and Income²	PRCFX	$0.0039	—	—
Communications & Technology	PRMTX	$0.2309	—	$9.0201
Diversified Mid-Cap Growth	PRDMX	—	—	$2.7226
Extended Equity Market Index	PEXMX	$0.3164	$0.0369	$0.7424
Financial Services	PRISX	$0.7065	—	—
Health Sciences	PRHSX	—	—	$4.5780
Integrated U.S. Large-Cap Value Equity	TQMVX	$0.2988	$0.0292	$0.8483
Integrated U.S. Small-Cap Growth Equity	PRDSX	—	—	$0.9956
Large-Cap Growth	TRGOX	—	—	$1.3397
Large-Cap Value	TRLUX	$0.4758	$0.0690	$1.2989
New Era	PRNEX	$1.1901	—	$3.0794
Real Estate	TRREX	$0.0937	—	$1.0752
Science & Technology	PRSCX	—	—	—
Tax-Efficient Equity	PREFX	—	—	$0.3474
Total Equity Market Index	POMIX	$0.6139	—	$0.1316

Year-End Distributions — Domestic Stock Funds I Class

T. Rowe Price Domestic Stock Funds - I Class	Ticker Symbol	Per Share Amounts
T. Rowe Price Domestic Stock Funds - I Class	Ticker Symbol	Income Dividends	Short-Term Gains	Long-Term Gains
All-Cap Opportunities - I Class	PNAIX	$0.2118	$1.5012	$1.6302
Capital Appreciation and Income - I Class¹	PRCHX	$0.0650	—	—
Capital Appreciation and Income - I Class²	PRCHX	$0.0050	—	—
Communications & Technology - I Class	TTMIX	$0.3473	—	$9.0201
Diversified Mid-Cap Growth - I Class	RPTTX	$0.0203	—	$2.7226
Financial Services - I Class	TFIFX	$0.7805	—	—
Health Sciences - I Class	THISX	—	—	$4.5780
Integrated U.S. Large-Cap Value Equity - I Class	TQVIX	$0.3218	$0.0292	$0.8483
Integrated U.S. Small-Cap Growth Equity - I Class	TQAIX	—	—	$0.9956
Large-Cap Growth - I Class	TRLGX	—	—	$1.3397
Large-Cap Value - I Class	TILCX	$0.5187	$0.0690	$1.2989
New Era - I Class	TRNEX	$1.2985	—	$3.0794
Real Estate - I Class	TIRRX	$0.1000	—	$1.0752
Science & Technology - I Class	TSNIX	—	—	—
Tax-Efficient Equity - I Class	TEEFX	$0.0483	—	$0.3474

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Group C

Declaration/Record Date: December 18, 2023
Ex-Dividend and Reinvestment Date: December 19, 2023
Payment Date: December 20, 2023

Year-End Distributions — Domestic Stock Funds

T. Rowe Price Domestic Stock Funds	Ticker Symbol	Per Share Amounts
T. Rowe Price Domestic Stock Funds	Ticker Symbol	Income Dividends	Short-Term Gains	Long-Term Gains
Balanced	RPBAX	$0.1462	—	$0.4390
Capital Appreciation	PRWCX	$0.7149	$0.1147	$0.5779
Spectrum Conservative Allocation	PRSIX	$0.3423	—	—
Spectrum Moderate Allocation	TRPBX	$0.3055	—	$0.0677
Spectrum Moderate Growth Allocation	TRSGX	$0.6750	—	—

Year-End Distributions — Domestic Stock Funds I Class

T. Rowe Price Domestic Stock Funds - I Class	Ticker Symbol	Per Share Amounts
T. Rowe Price Domestic Stock Funds - I Class	Ticker Symbol	Income Dividends	Short-Term Gains	Long-Term Gains
Balanced - I Class	RBAIX	$0.1537	—	$0.4390
Capital Appreciation - I Class	TRAIX	$0.7579	$0.1147	$0.5779
Spectrum Conservative Allocation - I Class	PPIPX	$0.3470	—	—
Spectrum Moderate Allocation - I Class	TPPAX	$0.3123	—	$0.0677
Spectrum Moderate Growth Allocation - I Class	TGIPX	$0.7333	—	—

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Domestic Taxable Bond

Declaration/Record Date: December 11, 2023
Ex-Dividend and Reinvestment Date: December 12, 2023
Payment Date: December 13, 2023

Year-End Distributions — Domestic Taxable Bond

T. Rowe Price Domestic Taxable Bond	Ticker Symbol	Per Share Amounts
T. Rowe Price Domestic Taxable Bond	Ticker Symbol	Income Dividends	Short-Term Gains	Long-Term Gains
Corporate Income	PRPIX	Paid monthly	—	—
Credit Opportunities	PRCPX	Paid monthly	—	—
Floating Rate	PRFRX	Paid monthly	—	—
GNMA	PRGMX	Paid monthly	—	—
High Yield	PRHYX	Paid monthly	—	—
Inflation Protected Bond	PRIPX	Paid monthly	—	—
Limited Duration Inflation Focused Bond	TRBFX	Paid monthly	—	—
New Income	PRCIX	Paid monthly	—	—
QM U.S. Bond Index	PBDIX	Paid monthly	—	—
Short Duration Income	TSDLX	Paid monthly	—	—
Short-Term Bond	PRWBX	Paid monthly	—	—
Total Return	PTTFX	Paid monthly	—	—
U.S. High Yield	TUHYX	Paid monthly	—	—
U.S. Limited Duration TIPS Index	TLDTX	Paid monthly	—	—
U.S. Treasury Intermediate Index	PRTIX	Paid monthly	—	—
U.S. Treasury Long-Term Index	PRULX	Paid monthly	—	—
Ultra Short-Term Bond	TRBUX	Paid monthly	—	—

Year-End Distributions — Domestic Taxable Bond I Class

T. Rowe Price Domestic Taxable Bond - I Class	Ticker Symbol	Per Share Amounts
T. Rowe Price Domestic Taxable Bond - I Class	Ticker Symbol	Income Dividends	Short-Term Gains	Long-Term Gains
Corporate Income - I Class	TICCX	Paid monthly	—	—
Credit Opportunities - I Class	TCRRX	Paid monthly	—	—
Floating Rate - I Class	TFAIX	Paid monthly	—	—
GNMA - I Class	PRXAX	Paid monthly	—	—
High Yield - I Class	PRHIX	Paid monthly	—	—
Inflation Protected Bond - I Class	TIIPX	Paid monthly	—	—
Limited Duration Inflation Focused Bond - I Class	TRLDX	Paid monthly	—	—
New Income - I Class	PRXEX	Paid monthly	—	—
QM U.S. Bond Index - I Class	TSBLX	Paid monthly	—	—
Short Duration Income - I Class	TSIDX	Paid monthly	—	—
Short-Term Bond - I Class	TBSIX	Paid monthly	—	—
Total Return - I Class	PTKIX	Paid monthly	—	—
U.S. High Yield - I Class	TUHIX	Paid monthly	—	—
U.S. Limited Duration TIPS Index - I Class	TLDUX	Paid monthly	—	—
U.S. Treasury Intermediate Index - I Class	PRKIX	Paid monthly	—	—
U.S. Treasury Long-Term Index - I Class	PRUUX	Paid monthly	—	—
Ultra Short-Term Bond - I Class	TRSTX	Paid monthly	—	—

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Domestic Taxable Money Market Funds

Domestic Tax-Free Bond and Money Market Funds

Declaration/Record Date: December 4, 2023
Ex-Dividend and Reinvestment Date: December 5, 2023
Payment Date: December 6, 2023

Year-End Distributions — Domestic Tax-Free Bond and Money Market Funds

T. Rowe Price Domestic Tax-Free Bond and Money Market Funds	Ticker Symbol	Per Share Amounts
T. Rowe Price Domestic Tax-Free Bond and Money Market Funds	Ticker Symbol	Income Dividends	Short-Term Gains	Long-Term Gains
California Tax-Free Bond	PRXCX	Paid monthly	—	—
Georgia Tax-Free Bond	GTFBX	Paid monthly	—	—
Intermediate Tax-Free High Yield	PRIHX	Paid monthly	—	—
Maryland Short-Term Tax-Free Bond	PRMDX	Paid monthly	—	—
Maryland Tax-Free Bond	MDXBX	Paid monthly	—	—
Maryland Tax-Free Money	TMDXX	Paid monthly	—	—
New Jersey Tax-Free Bond	NJTFX	Paid monthly	—	—
New York Tax-Free Bond	PRNYX	Paid monthly	—	—
Summit Municipal Income	PRINX	Paid monthly	—	—
Summit Municipal Intermediate	PRSMX	Paid monthly	—	—
Tax-Exempt Money	PTEXX	Paid monthly	—	—
Tax-Free High Yield	PRFHX	Paid monthly	—	—
Tax-Free Income	PRTAX	Paid monthly	—	—
Tax-Free Short-Intermediate	PRFSX	Paid monthly	—	—
Virginia Tax-Free Bond	PRVAX	Paid monthly	—	—

Year-End Distributions — Domestic Tax-Free Bond and Money Market Funds I Class

T. Rowe Price Domestic Tax-Free Bond and Money Market Funds - I Class	Ticker Symbol	Per Share Amounts
	Ticker Symbol	Income Dividends	Short-Term Gains	Long-Term Gains
California Tax-Free Bond - I Class	TCFEX	Paid monthly	—	—
Georgia Tax-Free Bond - I Class	TBGAX	Paid monthly	—	—
Intermediate Tax-Free High Yield - I Class	TFHAX	Paid monthly	—	—
Maryland Short-Term Tax-Free Bond - I Class	TRMUX	Paid monthly	—	—
Maryland Tax-Free Bond - I Class	TFBIX	Paid monthly	—	—
Maryland Tax-Free Money - I Class	TWNXX	Paid monthly	—	—
New Jersey Tax-Free Bond - I Class	TRJIX	Paid monthly	—	—
New York Tax-Free Bond - I Class	TRYIX	Paid monthly	—	—
Summit Municipal Income - I Class	PRIMX	Paid monthly	—	—
Summit Municipal Intermediate - I Class	PRTMX	Paid monthly	—	—
Tax-Exempt Money - I Class	TERXX	Paid monthly	—	—
Tax-Free High Yield - I Class	PTYIX	Paid monthly	—	—
Tax-Free Income - I Class	TFILX	Paid monthly	—	—
Tax-Free Short-Intermediate - I Class	TTSIX	Paid monthly	—	—
Virginia Tax-Free Bond - I Class	TFBVX	Paid monthly	—	—

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International/Global Stock Funds

Group A

Declaration/Record Date: December 13, 2023
Ex-Dividend and Reinvestment Date: December 14, 2023
Payment Date: December 15, 2023

Year-End Distributions — International/Global Stock Funds

T. Rowe Price Int'l/Global Stock Funds	Ticker Symbol	Per Share Amounts
T. Rowe Price Int'l/Global Stock Funds	Ticker Symbol	Income Dividends	Short-Term Gains	Long-Term Gains
Africa & Middle East	TRAMX	$0.2556	—	—
Emerging Europe	TREMX	$0.0417	—	—
Emerging Markets Discovery Stock	PRIJX	$0.3968	—	—
Emerging Markets Stock	PRMSX	$0.3768	—	—
European Stock	PRESX	$0.4273	—	$0.4764
International Discovery	PRIDX	$0.7896	$0.1527	$0.3479
International Equity Index	PIEQX	$0.4686	—	—
International Stock	PRITX	$0.2097	—	—
International Value Equity	TRIGX	$0.4300	—	—
Japan	PRJPX	$0.1981	—	—
Latin America	PRLAX	$0.4960	—	—
Latin America²	PRLAX	$0.0558	—	—
New Asia	PRASX	$0.2806	—	—
Overseas Stock	TROSX	$0.2841	—	—

Year-End Distributions — International/Global Stock Funds I Class

T. Rowe Price Int'l/Global Stock Funds - I Class	Ticker Symbol	Per Share Amounts
T. Rowe Price Int'l/Global Stock Funds - I Class	Ticker Symbol	Income Dividends	Short-Term Gains	Long-Term Gains
Africa & Middle East - I Class	PRAMX	$0.2624	—	—
Emerging Europe - I Class	TTEEX	$0.0519	—	—
Emerging Markets Discovery Stock - I Class	REVIX	$0.4018	—	—
Emerging Markets Stock - I Class	PRZIX	$0.5652	—	—
European Stock - I Class	TEUIX	$0.4833	—	$0.4764
International Discovery - I Class	TIDDX	$0.9111	$0.1527	$0.3479
International Stock - I Class	PRIUX	$0.2339	—	—
International Value Equity - I Class	TRTIX	$0.4837	—	—
Japan - I Class	RJAIX	$0.2286	—	—
Latin America - I Class	RLAIX	$0.5803	—	—
Latin America - I Class²	RLAIX	$0.0558	—	—
New Asia - I Class	PNSIX	$0.3070	—	—
Overseas Stock - I Class	TROIX	$0.2900	—	—

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Group B

Declaration/Record Date: December 15, 2023
Ex-Dividend and Reinvestment Date: December 18, 2023
Payment Date: December 19, 2023

Year-End Distributions — International/Global Stock Funds

T. Rowe Price Int'l/Global Stock Funds	Ticker Symbol	Per Share Amounts
T. Rowe Price Int'l/Global Stock Funds	Ticker Symbol	Income Dividends	Short-Term Gains	Long-Term Gains
Asia Opportunities	TRAOX	$0.2294	—	—
China Evolution Equity	TCELX	$0.2223	—	—
Global Consumer	PGLOX	$0.0426	—	—
Global Growth Stock	RPGEX	$0.0742	—	—
Global Impact Equity	TGPEX	$0.0277	—	—
Global Industrials	RPGIX	$0.0508	—	—
Global Real Estate	TRGRX	$0.0917	—	—
Global Stock	PRGSX	$0.1533	—	—
Global Technology	PRGTX	—	—	—
Global Value Equity	TRGVX	$0.2617	—	—
Integrated Global Equity	TQGEX	$0.2214	—	$0.2431
International Disciplined Equity	PRCNX	$0.2374	$0.0737	—

Year-End Distributions — International/Global Stock Funds I Class

T. Rowe Price Int'l/Global Stock Funds - I Class	Ticker Symbol	Per Share Amounts
T. Rowe Price Int'l/Global Stock Funds - I Class	Ticker Symbol	Income Dividends	Short-Term Gains	Long-Term Gains
Asia Opportunities - I Class	TRASX	$0.2753	—	—
China Evolution Equity - I Class	TRCLX	$0.2484	—	—
Global Growth Stock - I Class	RGGIX	$0.1435	—	—
Global Impact Equity - I Class	TGBLX	$0.0360	—	—
Global Industrials - I Class	TRGAX	$0.1075	—	—
Global Real Estate - I Class	TIRGX	$0.1000	—	—
Global Stock - I Class	TRGLX	$0.2148	—	—
Global Technology - I Class	PGTIX	—	—	—
Global Value Equity - I Class	PRIGX	$0.2779	—	—
Integrated Global Equity - I Class	TQGIX	$0.2381	—	$0.2431
International Disciplined Equity - I Class	RICIX	$0.2538	$0.0737	—

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Group C

Declaration/Record Date: December 18, 2023
Ex-Dividend and Reinvestment Date: December 19, 2023
Payment Date: December 20, 2023

Year-End Distributions — International/Global Stock Funds

T. Rowe Price Int'l/Global Stock Funds	Ticker Symbol	Per Share Amounts
T. Rowe Price Int'l/Global Stock Funds	Ticker Symbol	Income Dividends	Short-Term Gains	Long-Term Gains
Global Allocation	RPGAX	$0.3557	—	—

Year-End Distributions — International/Global Stock Funds I Class

T. Rowe Price Int'l/Global Stock Funds - I Class	Ticker Symbol	Per Share Amounts
T. Rowe Price Int'l/Global Stock Funds - I Class	Ticker Symbol	Income Dividends	Short-Term Gains	Long-Term Gains
Global Allocation - I Class	TGAFX	$0.4077	—	—

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International/Global Bond Funds

Declaration/Record Date: December 11, 2023
Ex-Dividend and Reinvestment Date: December 12, 2023
Payment Date: December 13, 2023

Year-End Distributions — International/Global Bond Funds

T. Rowe Price Int'l/Global Bond Funds	Ticker Symbol	Per Share Amounts
T. Rowe Price Int'l/Global Bond Funds	Ticker Symbol	Income Dividends	Short-Term Gains	Long-Term Gains
Dynamic Credit	RPIDX	Paid monthly	—	—
Dynamic Global Bond	RPIEX	Paid monthly	—	—
Emerging Markets Bond	PREMX	Paid monthly	—	—
Emerging Markets Corporate Bond	TRECX	Paid monthly	—	—
Emerging Markets Local Currency Bond	PRELX	Paid monthly	—	—
Global High Income Bond	RPIHX	Paid monthly	—	—
Global Multi-Sector Bond	PRSNX	Paid monthly	—	—
International Bond	RPIBX	Paid monthly	—	—
International Bond (USD Hedged)	TNIBX	Paid monthly	—	—

Year-End Distributions — International/Global Bond Funds I Class

T. Rowe Price Int'l/Global Bond Funds - I Class	Ticker Symbol	Per Share Amounts
T. Rowe Price Int'l/Global Bond Funds - I Class	Ticker Symbol	Income Dividends	Short-Term Gains	Long-Term Gains
Dynamic Credit - I Class	RPELX	Paid monthly	—	—
Dynamic Global Bond - I Class	RPEIX	Paid monthly	—	—
Emerging Markets Bond - I Class	PRXIX	Paid monthly	—	—
Emerging Markets Corporate Bond - I Class	TECIX	Paid monthly	—	—
Emerging Markets Local Currency Bond - I Class	TEIMX	Paid monthly	—	—
Global High Income Bond - I Class	RPOIX	Paid monthly	—	—
Global Multi-Sector Bond - I Class	PGMSX	Paid monthly	—	—
International Bond - I Class	RPISX	Paid monthly	—	—
International Bond (USD Hedged) - I Class	TNBMX	Paid monthly	—	—

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Retirement Funds

Declaration/Record Date: December 20, 2023
Ex-Dividend and Reinvestment Date: December 21, 2023
Payment Date: December 22, 2023

Year-End Distributions — Retirement Funds

T. Rowe Price Retirement Funds	Ticker Symbol	Per Share Amounts
T. Rowe Price Retirement Funds	Ticker Symbol	Income Dividends	Short-Term Gains	Long-Term Gains
Retirement 2005	TRRFX	$0.3248	—	$0.1631
Retirement 2010	TRRAX	$0.3915	—	$0.2377
Retirement 2015	TRRGX	$0.3157	$0.0017	$0.3457
Retirement 2020	TRRBX	$0.4504	$0.0111	$0.7447
Retirement 2025	TRRHX	$0.3605	$0.0205	$0.6534
Retirement 2030	TRRCX	$0.4689	$0.0387	$0.9663
Retirement 2035	TRRJX	$0.3220	$0.0333	$0.5466
Retirement 2040	TRRDX	$0.4147	$0.0499	$1.0818
Retirement 2045	TRRKX	$0.2709	$0.0408	$0.5642
Retirement 2050	TRRMX	$0.2224	$0.0340	$0.4957
Retirement 2055	TRRNX	$0.2264	—	$0.4492
Retirement 2060	TRRLX	$0.1914	—	$0.2945
Retirement 2065	TRSJX	$0.1515	—	$0.1675
Retirement Balanced	TRRIX	Paid monthly	—	$0.1513
Retirement Blend 2005	TBLPX	$0.1840	—	$0.0230
Retirement Blend 2010	TBLQX	$0.1833	—	$0.0077
Retirement Blend 2015	TBLSX	$0.2063	—	$0.0020
Retirement Blend 2020	TSBAX	$0.1964	—	$0.0287
Retirement Blend 2025	TBLVX	$0.1809	—	$0.0260
Retirement Blend 2030	TBLWX	$0.1697	—	$0.0204
Retirement Blend 2035	TBLYX	$0.1672	—	$0.0199
Retirement Blend 2040	TRBLX	$0.1551	—	$0.0374
Retirement Blend 2045	TRBQX	$0.1488	—	$0.0202
Retirement Blend 2050	TRBSX	$0.1503	—	—
Retirement Blend 2055	TRBOX	$0.1462	—	—
Retirement Blend 2060	TRBNX	$0.1477	—	—
Retirement Blend 2065	TRBPX	$0.1362	—	—

Year-End Distributions — Retirement Funds I Class

T. Rowe Price Retirement Funds - I Class	Ticker Symbol	Per Share Amounts
T. Rowe Price Retirement Funds - I Class	Ticker Symbol	Income Dividends	Short-Term Gains	Long-Term Gains
Retirement 2005 Fund - I Class	TRAJX	$0.3266	—	$0.1631
Retirement 2010 Fund - I Class	TRPUX	$0.3952	—	$0.2377
Retirement 2015 Fund - I Class	TRUBX	$0.3181	$0.0017	$0.3457
Retirement 2020 Fund - I Class	TRDBX	$0.4541	$0.0111	$0.7447
Retirement 2025 Fund - I Class	TREHX	$0.3641	$0.0205	$0.6534
Retirement 2030 Fund - I Class	TRFHX	$0.4741	$0.0387	$0.9663
Retirement 2035 Fund - I Class	TRFJX	$0.3259	$0.0333	$0.5466
Retirement 2040 Fund - I Class	TRHDX	$0.4212	$0.0499	$1.0818
Retirement 2045 Fund - I Class	TRIKX	$0.2755	$0.0408	$0.5642
Retirement 2050 Fund - I Class	TRJLX	$0.2266	$0.0340	$0.4957
Retirement 2055 Fund - I Class	TRJMX	$0.2303	—	$0.4492
Retirement 2060 Fund - I Class	TRLNX	$0.1949	—	$0.2945
Retirement 2065 Fund - I Class	TRMOX	$0.1534	—	$0.1675
Retirement Balanced Fund - I Class	TRJWX	Paid monthly	—	$0.1513
Retirement Blend 2005 - I Class	TBLAX	$0.2013	—	$0.0230
Retirement Blend 2010 - I Class	TBLBX	$0.1973	—	$0.0077
Retirement Blend 2015 - I Class	TBLCX	$0.2192	—	$0.0020
Retirement Blend 2020 - I Class	TBLDX	$0.2102	—	$0.0287
Retirement Blend 2025 - I Class	TBLEX	$0.1969	—	$0.0260
Retirement Blend 2030 - I Class	TBLGX	$0.1869	—	$0.0204
Retirement Blend 2035 - I Class	TBLHX	$0.1828	—	$0.0199
Retirement Blend 2040 - I Class	TBLJX	$0.1723	—	$0.0374
Retirement Blend 2045 - I Class	TBLKX	$0.1677	—	$0.0202
Retirement Blend 2050 - I Class	TBLLX	$0.1671	—	—
Retirement Blend 2055 - I Class	TBLMX	$0.1646	—	—
Retirement Blend 2060 - I Class	TBLNX	$0.1630	—	—
Retirement Blend 2065 - I Class	TBLOX	$0.1563	—	—

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Retirement I, Spectrum, and Target Funds

Declaration/Record Date: December 21, 2023
Ex-Dividend and Reinvestment Date: December 22, 2023
Payment Date: December 26, 2023

Year-End Distributions — Retirement I, Spectrum, and Target Funds

T. Rowe Price Spectrum and Target Funds	Ticker Symbol	Per Share Amounts
T. Rowe Price Spectrum and Target Funds	Ticker Symbol	Income Dividends	Short-Term Gains	Long-Term Gains
Spectrum Diversified Equity	PRSGX	$0.2121	—	$0.9347
Spectrum Income	RPSIX	Paid monthly	—	—
Spectrum International Equity	PSILX	$0.2598	—	—
Target 2005	TRARX	$0.3384	—	—
Target 2010	TRROX	$0.3269	—	$0.0595
Target 2015	TRRTX	$0.3186	$0.0017	$0.0923
Target 2020	TRRUX	$0.3256	$0.0034	$0.1603
Target 2025	TRRVX	$0.3267	—	$0.1844
Target 2030	TRRWX	$0.3021	—	$0.2163
Target 2035	RPGRX	$0.2809	—	$0.1828
Target 2040	TRHRX	$0.2550	—	$0.1680
Target 2045	RPTFX	$0.2358	—	$0.2278
Target 2050	TRFOX	$0.2286	—	$0.2217
Target 2055	TRFFX	$0.2298	—	$0.2107
Target 2060	TRTFX	$0.2003	—	$0.2288
Target 2065	PRSLX	$0.1573	—	$0.1568

Year-End Distributions — Retirement I, Spectrum, and Target Funds

T. Rowe Price Retirement I, Spectrum, and Target Funds - I Class	Ticker Symbol	Per Share Amounts
	Ticker Symbol	Income Dividends	Short-Term Gains	Long-Term Gains
Retirement I 2005 - I Class	TRPFX	$0.3087	—	$0.1385
Retirement I 2010 - I Class	TRPAX	$0.3157	—	$0.1275
Retirement I 2015 - I Class	TRFGX	$0.3272	—	$0.1687
Retirement I 2020 - I Class	TRBRX	$0.3274	—	$0.1737
Retirement I 2025 - I Class	TRPHX	$0.3136	—	$0.2199
Retirement I 2030 - I Class	TRPCX	$0.2900	—	$0.2568
Retirement I 2035 - I Class	TRPJX	$0.2705	—	$0.2493
Retirement I 2040 - I Class	TRPDX	$0.2524	—	$0.2526
Retirement I 2045 - I Class	TRPKX	$0.2600	—	$0.2799
Retirement I 2050 - I Class	TRPMX	$0.2637	—	$0.2942
Retirement I 2055 - I Class	TRPNX	$0.2616	—	$0.2884
Retirement I 2060 - I Class	TRPLX	$0.2643	—	$0.2777
Retirement I 2065 - I Class	TRFKX	$0.1751	—	$0.1140
Retirement Balanced I - I Class	TRPTX	Paid monthly	—	$0.1141
Spectrum Diversified Equity - I Class	TSVPX	$0.2529	—	$0.9347
Spectrum Income - I Class	TSPNX	Paid monthly	—	—
Spectrum International Equity - I Class	TSINX	$0.2867	—	—
Target 2005 - I Class	TFRRX	$0.3584	—	—
Target 2010 - I Class	TORFX	$0.3486	—	$0.0595
Target 2015 - I Class	TTRTX	$0.3364	$0.0017	$0.0923
Target 2020 - I Class	TTURX	$0.3545	$0.0034	$0.1603
Target 2025 - I Class	TRVVX	$0.3531	—	$0.1844
Target 2030 - I Class	TWRRX	$0.3319	—	$0.2163
Target 2035 - I Class	TPGPX	$0.3126	—	$0.1828
Target 2040 - I Class	TRXRX	$0.2902	—	$0.1680
Target 2045 - I Class	TRFWX	$0.2678	—	$0.2278
Target 2050 - I Class	TOORX	$0.2640	—	$0.2217
Target 2055 - I Class	TRPPX	$0.2656	—	$0.2107
Target 2060 - I Class	TTOIX	$0.2341	—	$0.2288
Target 2065 - I Class	RPFDX	$0.1722	—	$0.1568

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¹The Declaration/Record Date is December 15, 2023, the Ex-Dividend and Reinvestment Date is December 18, 2023, and the Payment Date is December 19, 2023.

²The Declaration/Record Date is December 27, 2023 and the Ex-Dividend and Reinvestment/Payment Date is December 28, 2023.

For information on all fund classes (Investor, Advisor, R, and I classes, Institutional and F classes, and Portfolio and Portfolio—II classes), please visit our website for financial intermediaries.

For ETF distribution information, please visit T. Rowe Price Exchange Traded Funds (ETF) Dividend Distributions.

202312-3259942

T. Rowe Price Domestic Taxable Money Market Funds	Ticker Symbol	Per Share Amounts
T. Rowe Price Domestic Taxable Money Market Funds	Ticker Symbol	Income Dividends	Short-Term Gains	Long-Term Gains
Cash Reserves	TSCXX	Paid monthly	—	—
Government Money	PRRXX	Paid monthly	—	—
U.S. Treasury Money	PRTXX	Paid monthly	—	—

2023 Mutual Fund Year-End Dividend and Capital Gains Distributions

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