Year-end dividend and capital gains information for 2025 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 2025 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.
Group A
Declaration and Record Date: December 10, 2025
Ex-Dividend and Reinvestment Date: December 11, 2025
Payment Date: December 12, 2025
Group B
Declaration and Record Date: December 12, 2025
Ex-Dividend and Reinvestment Date: December 15, 2025
Payment Date: December 16, 2025
Group C
Declaration and Record Date: December 16, 2025
Ex-Dividend and Reinvestment Date: December 17, 2025
Payment Date: December 18, 2025
Declaration and Record Date: December 9, 2025
Ex-Dividend and Reinvestment Date: December 10, 2025
Payment Date: December 11, 2025
Declaration and Record Date: December 2, 2025
Ex-Dividend and Reinvestment Date: December 3, 2025
Payment Date: December 4, 2025
Year-End Distributions — Domestic Taxable Money Market Funds
| T. Rowe Price Domestic Taxable Money Market Funds | Ticker Symbol | Per Share Amounts | ||
| 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 | — | — |
Year-End Distributions — Domestic Taxable Money Market Funds I Class
| T. Rowe Price Domestic Taxable Money Market Funds - I Class | Ticker Symbol | Per Share Amounts | ||
| Income Dividends | Short-Term Gains |
Long-Term Gains | ||
| Government Money - I Class | TTGXX | paid monthly | — | — |
| U.S. Treasury Money - I Class | TRGXX | paid monthly | — | — |
Declaration and Record Date: December 2, 2025
Ex-Dividend and Reinvestment Date: December 3, 2025
Payment Date: December 4, 2025
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 | ||
| 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 | ||
| 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 | — | — |
Group A
Declaration and Record Date: December 11, 2025
Ex-Dividend and Reinvestment Date: December 12, 2025
Payment Date: December 15, 2025
Group B
Declaration and Record Date: December 12, 2025
Ex-Dividend and Reinvestment Date: December 15, 2025
Payment Date: December 16, 2025
Group C
Declaration and Record Date: December 15, 2025
Ex-Dividend and Reinvestment Date: December 16, 2025
Payment Date: December 17, 2025
Group D
Declaration and Record Date: December 16, 2025
Ex-Dividend and Reinvestment Date: December 17, 2025
Payment Date: December 18, 2025
Declaration and Record Date: December 9, 2025
Ex-Dividend and Reinvestment Date: December 10, 2025
Payment Date: December 11, 2025
Group A
Declaration and Record Date: December 18, 2025
Ex-Dividend and Reinvestment Date: December 19, 2025
Payment Date: December 22, 2025
Group B
Declaration and Record Date: December 29, 2025
Ex-Dividend and Reinvestment Date: December 30, 2025
Payment Date: December 30, 2025
Declaration and Record Date: December 19, 2025
Ex-Dividend and Reinvestment Date: December 22, 2025
Payment Date: December 23, 2025
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.
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