If a T. Rowe Price fund pays out more in distributions than it earned during the year, you do not owe tax on your share of the excess amount, which is called a "nontaxable distribution" or "return of capital." We report this type of distribution in Box 3 of Form 1099-DIV. You will need to subtract any amounts reported in Box 3 of Form 1099-DIV from the cost basis of your shares. For information on IRS Form 8937 and organizational actions affecting the basis of securities, including items such as mergers, fund liquidations, and reclassifications that affect cost basis, commonly referred to as "corporate actions," please visit our website at Corporate Actions.
Listed below are the 2024 dividends paid by the T. Rowe Price funds that have a return of capital for Form 1099-DIV purposes.
| T. Rowe Price Fund | 2024 Payment Date | Per Share Amount | Tax Character | |
|---|---|---|---|---|
| Before | After | |||
| Dynamic Global Bond | 01/31/2024 | $0.006328630 | Income Dividend | Return of Capital |
| Dynamic Global Bond | 02/29/2024 | $0.009179090 | Income Dividend | Return of Capital |
| Dynamic Global Bond | 03/28/2024 | $0.007663249 | Income Dividend | Return of Capital |
| Dynamic Global Bond | 04/30/2024 | $0.011686734 | Income Dividend | Return of Capital |
| Dynamic Global Bond | 05/31/2024 | $0.012838655 | Income Dividend | Return of Capital |
| Dynamic Global Bond | 06/28/2024 | $0.009557836 | Income Dividend | Return of Capital |
| Dynamic Global Bond | 07/31/2024 | $0.009168735 | Income Dividend | Return of Capital |
| Dynamic Global Bond | 08/30/2024 | $0.009379935 | Income Dividend | Return of Capital |
| Dynamic Global Bond | 09/30/2024 | $0.007304957 | Income Dividend | Return of Capital |
| Dynamic Global Bond | 10/31/2024 | $0.008592159 | Income Dividend | Return of Capital |
| Dynamic Global Bond | 11/29/2024 | $0.008797064 | Income Dividend | Return of Capital |
| Dynamic Global Bond - I Class | 01/31/2024 | $0.006689984 | Income Dividend | Return of Capital |
| Dynamic Global Bond - I Class | 02/29/2024 | $0.009373155 | Income Dividend | Return of Capital |
| Dynamic Global Bond - I Class | 03/28/2024 | $0.008027781 | Income Dividend | Return of Capital |
| Dynamic Global Bond - I Class | 04/30/2024 | $0.012073521 | Income Dividend | Return of Capital |
| Dynamic Global Bond - I Class | 05/31/2024 | $0.013309142 | Income Dividend | Return of Capital |
| Dynamic Global Bond - I Class | 06/28/2024 | $0.009971119 | Income Dividend | Return of Capital |
| Dynamic Global Bond - I Class | 07/31/2024 | $0.009637004 | Income Dividend | Return of Capital |
| Dynamic Global Bond - I Class | 08/30/2024 | $0.009864502 | Income Dividend | Return of Capital |
| Dynamic Global Bond - I Class | 09/30/2024 | $0.007663578 | Income Dividend | Return of Capital |
| Dynamic Global Bond - I Class | 10/31/2024 | $0.008955870 | Income Dividend | Return of Capital |
| Dynamic Global Bond - I Class | 11/29/2024 | $0.009206185 | Income Dividend | Return of Capital |
| Emerging Markets Local Currency Bond | 01/31/2024 | $0.011913950 | Income Dividend | Return of Capital |
| Emerging Markets Local Currency Bond | 02/29/2024 | $0.011686024 | Income Dividend | Return of Capital |
| Emerging Markets Local Currency Bond | 03/28/2024 | $0.012939289 | Income Dividend | Return of Capital |
| Emerging Markets Local Currency Bond | 04/30/2024 | $0.012347332 | Income Dividend | Return of Capital |
| Emerging Markets Local Currency Bond | 05/31/2024 | $0.013898566 | Income Dividend | Return of Capital |
| Emerging Markets Local Currency Bond | 06/28/2024 | $0.011512466 | Income Dividend | Return of Capital |
| Emerging Markets Local Currency Bond | 07/31/2024 | $0.012974409 | Income Dividend | Return of Capital |
| Emerging Markets Local Currency Bond | 08/30/2024 | $0.014040869 | Income Dividend | Return of Capital |
| Emerging Markets Local Currency Bond | 09/30/2024 | $0.011870439 | Income Dividend | Return of Capital |
| Emerging Markets Local Currency Bond | 10/31/2024 | $0.013188786 | Income Dividend | Return of Capital |
| Emerging Markets Local Currency Bond | 11/29/2024 | $0.012714660 | Income Dividend | Return of Capital |
| Emerging Markets Local Currency Bond - I Class | 01/31/2024 | $0.012568955 | Income Dividend | Return of Capital |
| Emerging Markets Local Currency Bond - I Class | 02/29/2024 | $0.012334152 | Income Dividend | Return of Capital |
| Emerging Markets Local Currency Bond - I Class | 03/28/2024 | $0.013690157 | Income Dividend | Return of Capital |
| Emerging Markets Local Currency Bond - I Class | 04/30/2024 | $0.013082837 | Income Dividend | Return of Capital |
| Emerging Markets Local Currency Bond - I Class | 05/31/2024 | $0.014656291 | Income Dividend | Return of Capital |
| Emerging Markets Local Currency Bond - I Class | 06/28/2024 | $0.012139000 | Income Dividend | Return of Capital |
| Emerging Markets Local Currency Bond - I Class | 07/31/2024 | $0.013678443 | Income Dividend | Return of Capital |
| Emerging Markets Local Currency Bond - I Class | 08/30/2024 | $0.014807639 | Income Dividend | Return of Capital |
| Emerging Markets Local Currency Bond - I Class | 09/30/2024 | $0.012532881 | Income Dividend | Return of Capital |
| Emerging Markets Local Currency Bond - I Class | 10/31/2024 | $0.013902943 | Income Dividend | Return of Capital |
| Emerging Markets Local Currency Bond - I Class | 11/29/2024 | $0.013408950 | Income Dividend | Return of Capital |
| Global Multi-Sector Bond | 01/31/2024 | $0.030345885 | Income Dividend | Return of Capital |
| Global Multi-Sector Bond | 02/29/2024 | $0.030156506 | Income Dividend | Return of Capital |
| Global Multi-Sector Bond | 03/28/2024 | $0.035102720 | Income Dividend | Return of Capital |
| Global Multi-Sector Bond | 04/30/2024 | $0.034830427 | Income Dividend | Return of Capital |
| Global Multi-Sector Bond - I Class | 01/31/2024 | $0.031319752 | Income Dividend | Return of Capital |
| Global Multi-Sector Bond - I Class | 02/29/2024 | $0.031101314 | Income Dividend | Return of Capital |
| Global Multi-Sector Bond - I Class | 03/28/2024 | $0.036121424 | Income Dividend | Return of Capital |
| Global Multi-Sector Bond - I Class | 04/30/2024 | $0.035799783 | Income Dividend | Return of Capital |
| Global Real Estate | 03/27/2024 | $0.020966972 | Income Dividend | Return of Capital |
| Global Real Estate | 06/27/2024 | $0.019433277 | Income Dividend | Return of Capital |
| Global Real Estate | 09/27/2024 | $0.023684913 | Income Dividend | Return of Capital |
| Global Real Estate | 12/18/2024 | $0.013550877 | Income Dividend | Return of Capital |
| Global Real Estate - I Class | 03/27/2024 | $0.022578323 | Income Dividend | Return of Capital |
| Global Real Estate - I Class | 06/27/2024 | $0.021083455 | Income Dividend | Return of Capital |
| Global Real Estate - I Class | 09/27/2024 | $0.025276850 | Income Dividend | Return of Capital |
| Global Real Estate - I Class | 12/18/2024 | $0.015298124 | Income Dividend | Return of Capital |
| International Bond | 01/31/2024 | $0.014979176 | Income Dividend | Return of Capital |
| International Bond | 02/29/2024 | $0.013890144 | Income Dividend | Return of Capital |
| International Bond | 03/28/2024 | $0.016729756 | Income Dividend | Return of Capital |
| International Bond | 04/30/2024 | $0.017279377 | Income Dividend | Return of Capital |
| International Bond | 05/31/2024 | $0.021778693 | Income Dividend | Return of Capital |
| International Bond | 06/28/2024 | $0.018400827 | Income Dividend | Return of Capital |
| International Bond | 07/31/2024 | $0.019783294 | Income Dividend | Return of Capital |
| International Bond | 08/30/2024 | $0.020206718 | Income Dividend | Return of Capital |
| International Bond | 09/30/2024 | $0.017991481 | Income Dividend | Return of Capital |
| International Bond | 10/31/2024 | $0.020101712 | Income Dividend | Return of Capital |
| International Bond | 11/29/2024 | $0.016960826 | Income Dividend | Return of Capital |
| International Bond | 12/31/2024 | $0.018761539 | Income Dividend | Return of Capital |
| International Bond - I Class | 01/31/2024 | $0.015809052 | Income Dividend | Return of Capital |
| International Bond - I Class | 02/29/2024 | $0.014684886 | Income Dividend | Return of Capital |
| International Bond - I Class | 03/28/2024 | $0.017593391 | Income Dividend | Return of Capital |
| International Bond - I Class | 04/30/2024 | $0.018093252 | Income Dividend | Return of Capital |
| International Bond - I Class | 05/31/2024 | $0.022680025 | Income Dividend | Return of Capital |
| International Bond - I Class | 06/28/2024 | $0.019167594 | Income Dividend | Return of Capital |
| International Bond - I Class | 07/31/2024 | $0.020640191 | Income Dividend | Return of Capital |
| International Bond - I Class | 08/30/2024 | $0.021148925 | Income Dividend | Return of Capital |
| International Bond - I Class | 09/30/2024 | $0.018802415 | Income Dividend | Return of Capital |
| International Bond - I Class | 10/31/2024 | $0.020975566 | Income Dividend | Return of Capital |
| International Bond - I Class | 11/29/2024 | $0.017809459 | Income Dividend | Return of Capital |
| International Bond - I Class | 12/31/2024 | $0.019608671 | Income Dividend | Return of Capital |
| Retirement Income 2020 | 01/18/2024 | $0.016511245 | Income Dividend | Return of Capital |
| Retirement Income 2020 | 02/20/2024 | $0.016511245 | Income Dividend | Return of Capital |
| Retirement Income 2020 | 03/19/2024 | $0.016511245 | Income Dividend | Return of Capital |
| Retirement Income 2020 | 04/17/2024 | $0.016511245 | Income Dividend | Return of Capital |
| Retirement Income 2020 | 05/17/2024 | $0.016511245 | Income Dividend | Return of Capital |
| Retirement Income 2020 | 06/20/2024 | $0.016511245 | Income Dividend | Return of Capital |
| Retirement Income 2020 | 07/17/2024 | $0.016511245 | Income Dividend | Return of Capital |
| Retirement Income 2020 | 08/19/2024 | $0.016511245 | Income Dividend | Return of Capital |
| Retirement Income 2020 | 09/18/2024 | $0.016511245 | Income Dividend | Return of Capital |
| Retirement Income 2020 | 10/17/2024 | $0.016511245 | Income Dividend | Return of Capital |
| Retirement Income 2020 | 11/19/2024 | $0.016511245 | Income Dividend | Return of Capital |
| Retirement Income 2020 | 12/18/2024 | $0.016511245 | Income Dividend | Return of Capital |
| Retirement Income 2020 | 12/30/2024 | $0.125462082 | Long-term Capital Gain | Return of Capital |
| Retirement Income 2020 - I Class | 02/20/2024 | $0.016511245 | Income Dividend | Return of Capital |
| Retirement Income 2020 - I Class | 03/19/2024 | $0.016511245 | Income Dividend | Return of Capital |
| Retirement Income 2020 - I Class | 04/17/2024 | $0.016511245 | Income Dividend | Return of Capital |
| Retirement Income 2020 - I Class | 05/17/2024 | $0.016511245 | Income Dividend | Return of Capital |
| Retirement Income 2020 - I Class | 06/20/2024 | $0.016511245 | Income Dividend | Return of Capital |
| Retirement Income 2020 - I Class | 07/17/2024 | $0.016511245 | Income Dividend | Return of Capital |
| Retirement Income 2020 - I Class | 08/19/2024 | $0.016511245 | Income Dividend | Return of Capital |
| Retirement Income 2020 - I Class | 09/18/2024 | $0.016511245 | Income Dividend | Return of Capital |
| Retirement Income 2020 - I Class | 10/17/2024 | $0.016511245 | Income Dividend | Return of Capital |
| Retirement Income 2020 - I Class | 11/19/2024 | $0.016511245 | Income Dividend | Return of Capital |
| Retirement Income 2020 - I Class | 12/18/2024 | $0.016511245 | Income Dividend | Return of Capital |
| Retirement Income 2020 - I Class | 12/30/2024 | $0.125462082 | Long-term Capital Gain | Return of Capital |
| Retirement Income 2025 | 12/30/2024 | $0.008531704 | Long-term Capital Gain | Return of Capital |
| Retirement Income 2025 - I Class | 12/30/2024 | $0.008531704 | Long-term Capital Gain | Return of Capital |
| Total Return | 01/31/2024 | $0.010048026 | Income Dividend | Return of Capital |
| Total Return | 02/29/2024 | $0.010422819 | Income Dividend | Return of Capital |
| Total Return | 03/28/2024 | $0.011112040 | Income Dividend | Return of Capital |
| Total Return | 04/30/2024 | $0.011615684 | Income Dividend | Return of Capital |
| Total Return - I Class | 01/31/2024 | $0.010349160 | Income Dividend | Return of Capital |
| Total Return - I Class | 02/29/2024 | $0.010713657 | Income Dividend | Return of Capital |
| Total Return - I Class | 03/28/2024 | $0.011425578 | Income Dividend | Return of Capital |
| Total Return - I Class | 04/30/2024 | $0.011911737 | Income Dividend | Return of Capital |
| T. Rowe Price Fund | 2024 Payment Date | Per Share Amount | Tax Character | |
|---|---|---|---|---|
| Before | After | |||
| Total Return ETF | 1/30/2024 | $0.014933130 | Income Dividend | Return of Capital |
| Total Return ETF | 02/28/2024 | $0.016142748 | Income Dividend | Return of Capital |
| Total Return ETF | 03/27/2024 | $0.015115878 | Income Dividend | Return of Capital |
| Total Return ETF | 04/29/2024 | $0.015194198 | Income Dividend | Return of Capital |
| Total Return ETF | 05/30/2024 | $0.016499542 | Income Dividend | Return of Capital |
A reclassification means that the tax character of the dividend on your Form 1099-DIV is different than the tax character reported on your statement, which reported the dividend to you. Tax character indicates whether the dividend is from taxable or tax-exempt income or is a short-term or long-term gain.
Listed below are the 2024 dividends paid by the T. Rowe Price funds that have been reclassified for Form 1099-DIV purposes.
| T. Rowe Price Fund | 2024 Payment Date | Per Share Amount | Tax Character | |
|---|---|---|---|---|
| Before | After | |||
| Real Estate | 12/17/2024 | $0.027078073 | Income Dividend | Long-term Capital Gain |
| Real Estate - I Class | 12/17/2024 | $0.027078073 | Income Dividend | Long-term Capital Gain |
| Retirement I 2005 - I Class | 02/14/2024 | $0.005354573 | Long-term Capital Gain | Income Dividend |
| Retirement I 2060 - I Class | 02/14/2024 | $0.006001481 | Long-term Capital Gain | Income Dividend |
| Retirement Income 2025 | 12/30/2024 | $0.002181744 | Long-term Capital Gain | Income Dividend |
| Retirement Income 2025 - I Class | 12/30/2024 | $0.002181744 | Long-term Capital Gain | Income Dividend |
| Spectrum Income | 11/29/2024 | $0.030039604 | Income Dividend | Long-term Capital Gain |
| Spectrum Income - I Class | 11/29/2024 | $0.030039604 | Income Dividend | Long-term Capital Gain |
*Amounts after reclassification only represent the reclassified amount and not necessarily the fund’s total per share for that category.
For more information on Advisor, R, Institutional, and Portfolio funds, please visit our website for financial intermediaries.
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