Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
I can't see it anywhere, and my share-balance looks the same as before the divvy was customarily due. The divvy record shows a pattern of paying mid-month. Someone know something I don't?
There is a PRCFX Prospectus Supplement that indicates change to daily accrual and payment of monthly dividend on the 1st of the month. Websites, including Price itself, have yet to catchup.
It looks like a sudden change. Supplement dated 3/7/25 became effective 3/19/25 for the new Prospectus dated 3/1/25.
Daily accrual with monthly payments is usual for bond funds, but a bit unusual for allocation funds - maybe posters can point out other examples for conservative-allocation funds.
"T. Rowe Price Capital Appreciation and Income Fund Supplement to Prospectus and Summary Prospectus dated March 1, 2025 On or about March 19, 2025, the fund will begin to declare dividends daily, rather than monthly, and will pay them the first business day each month. Capital gains will continue to be declared and paid annually, usually in December....."
Comments
No APRIL-2025 divy for PRCFX listed at TRP's website.
https://www.troweprice.com/personal-investing/tools/fund-research/PRCFX#content-prices-distributions
https://www.troweprice.com/personal-investing/resources/planning/tax/dividend-distributions/mutual-funds/2025-monthly-distributions.html
Jan 16
Feb 19
Mar 18 and Mar31
Maybe they changed the schedule.
It looks like a sudden change. Supplement dated 3/7/25 became effective 3/19/25 for the new Prospectus dated 3/1/25.
Daily accrual with monthly payments is usual for bond funds, but a bit unusual for allocation funds - maybe posters can point out other examples for conservative-allocation funds.
https://www.troweprice.com/literature/public/country/us/language/en/literature-type/prospectus/sub-type/mf?productCode=CFN¤cy=USD
"T. Rowe Price Capital Appreciation and Income Fund
Supplement to Prospectus and Summary Prospectus dated March 1, 2025
On or about March 19, 2025, the fund will begin to declare dividends daily, rather than monthly, and will pay them the first business day each month. Capital gains will continue to be declared and paid annually, usually in December....."