Notices of the Sources of Fund Distributions

Section 19(a) of the Investment Company Act of 1940 requires the payment of any distribution to be accompanied by a written notice that discloses the sources of a payment if it is made from any source other than the fund’s net income. The notices provided here are intended to satisfy the requirements under Section 19(a).

Please note that the amounts and sources reported in the notices are estimates and are not provided for tax reporting purposes. The tax character of distributions made during the year will be determined at year-end and, for taxable shareholders, will be reported on your Form 1099-DIV mailed by mid-February of the following year.

T. Rowe Price does not provide tax advice. Always consult a tax professional regarding your specific financial or tax situation.

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