2025 Monthly Distributions

November 2025

Declaration/Record Date: November 17, 2025
Ex-Dividend Date: November 18, 2025
Pay Date: November 19, 2025

T. Rowe Price Funds1 Ticker Symbol Distribution Per Share*
Retirement Income 2020 TRLAX $0.0405
Retirement Income 2020 - I Class TRABX $0.0405
Retirement Income 2025 TRAVX $0.0391
Retirement Income 2025 - I Class TRATX $0.0390

October 2025

Declaration/Record Date: October 15, 2025
Ex-Dividend Date: October 16, 2025
Pay Date: October 17, 2025

T. Rowe Price Funds1 Ticker Symbol Distribution Per Share*
Retirement Income 2020 TRLAX $0.0405
Retirement Income 2020 - I Class TRABX $0.0405
Retirement Income 2025 TRAVX $0.0391
Retirement Income 2025 - I Class TRATX $0.0390

September 2025

Declaration/Record Date: September 15, 2025
Ex-Dividend Date: September 16, 2025
Pay Date:  September 17, 2025

T. Rowe Price Funds1 Ticker Symbol Distribution Per Share*
Retirement Income 2020 TRLAX $0.0405
Retirement Income 2020 - I Class TRABX $0.0405
Retirement Income 2025 TRAVX $0.0391
Retirement Income 2025 - I Class TRATX $0.0390

August 2025

Declaration/Record Date: August 15, 2025
Ex-Dividend Date: August 18, 2025
Pay Date:  August 19, 2025

T. Rowe Price Funds1 Ticker Symbol Distribution Per Share*
Retirement Income 2020 TRLAX $0.0405
Retirement Income 2020 - I Class TRABX $0.0405
Retirement Income 2025 TRAVX $0.0391
Retirement Income 2025 - I Class TRATX $0.0390

July 2025

Declaration/Record Date: July 15, 2025
Ex-Dividend Date: July 16, 2025
Pay Date:  July 17, 2025

T. Rowe Price Funds1 Ticker Symbol Distribution Per Share*
Retirement Income 2020 TRLAX $0.0405
Retirement Income 2020 - I Class TRABX $0.0405
Retirement Income 2025 TRAVX $0.0391
Retirement Income 2025 - I Class TRATX $0.0390

June 2025

Declaration/Record Date: June 16, 2025
Ex-Dividend Date: June 17, 2025
Pay Date:  June 18, 2025

T. Rowe Price Funds1 Ticker Symbol Distribution Per Share*
Retirement Income 2020 TRLAX $0.0405
Retirement Income 2020 - I Class TRABX $0.0405
Retirement Income 2025 TRAVX $0.0391
Retirement Income 2025 - I Class TRATX $0.0390

May 2025

Declaration/Record Date: May 15, 2025
Ex-Dividend Date: May 16, 2025
Pay Date:  May 19, 2025

T. Rowe Price Funds1 Ticker Symbol Distribution Per Share*
Retirement Income 2020 TRLAX $0.0405
Retirement Income 2020 - I Class TRABX $0.0405
Retirement Income 2025 TRAVX $0.0391
Retirement Income 2025 - I Class TRATX $0.0390

April 2025

Declaration/Record Date: April 15, 2025
Ex-Dividend Date: April 16, 2025
Pay Date:  April 17, 2025

T. Rowe Price Funds1 Ticker Symbol Distribution Per Share*
Retirement Income 2020 TRLAX $0.0405
Retirement Income 2020 - I Class TRABX $0.0405
Retirement Income 2025 TRAVX $0.0391
Retirement Income 2025 - I Class TRATX $0.0390
Capital Appreciation and Income PRCFX N/A
Capital Appreciation and Income - I Class PRCHX N/A

Related Content

Tax Planning
Dividend Distributions
Access Your Tax Information
Tax Forms
Tax Preparation Resources
Tax Information Mailing Schedule
Tax Rate Schedule
Fund-Specific and Reclassification Information
Tax Resources

March 2025

Declaration/Record Date: March 17, 2025
Ex-Dividend Date: March 18, 2025
Pay Date:  March 19, 2025

T. Rowe Price Funds1 Ticker Symbol Distribution Per Share*
Retirement Income 2020 TRLAX $0.0405
Retirement Income 2020 - I Class TRABX $0.0405
Retirement Income 2025 TRAVX $0.0391
Retirement Income 2025 - I Class TRATX $0.0390
Capital Appreciation and Income PRCFX $0.0679
Capital Appreciation and Income - I Class PRCHX $0.0711

February 2025

Declaration/Record Date: February 18, 2025
Ex-Dividend Date: February 19, 2025
Pay Date: February 20, 2025

T. Rowe Price Funds1 Ticker Symbol Distribution Per Share*
Retirement Income 2020 TRLAX $0.0405
Retirement Income 2020 - I Class TRABX $0.0405
Retirement Income 2025 TRAVX $0.0391
Retirement Income 2025 - I Class TRATX $0.0390
Capital Appreciation and Income PRCFX $0.0719
Capital Appreciation and Income - I Class PRCHX $0.0755

January 2025

Declaration/Record Date: January 15, 2025
Ex-Dividend Date: January 16, 2025
Pay Date: January 17, 2025

T. Rowe Price Funds1 Ticker Symbol Distribution Per Share*
Retirement Income 2020 TRLAX $0.0405
Retirement Income 2020 - I Class TRABX $0.0405
Retirement Income 2025 TRAVX $0.0391
Retirement Income 2025 - I Class TRATX $0.0390
Capital Appreciation and Income PRCFX $0.0340
Capital Appreciation and Income - I Class PRCHX $0.0357

1For fund and share class minimums, please refer to the fund's prospectus.

Please call 1-800-541-1890 to invest.

*For an estimated breakdown of the sources of the distributions, please visit Notices of the Sources of Fund Distributions.

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