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T. Rowe Price Mid-Cap Value Fund to Close

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Feb. 9, 2005 — The T Rowe Price Mid-Cap Value Fund (TRMCX), which has topped its peers over the last five years, will close to new investors on February 25.

The move is aimed at keeping the fund’s assets from growing too large and thereby affecting the way the portfolio is run, a company spokesman said.

The fund’s assets swelled to $5.1 billion at the end of last year from $2 billion at the start, in part because of its “strong” performance, the spokesman, Steven Norwitz said.

In 2004, T. Rowe Price Mid-Cap Value returned 20.6%, versus a gain of 18.4% for the average mid-cap value fund, and 10.9% for the S&P 500. For the three years ended in December, the fund returned 15.8% annualized, versus a gain of 12% for its peers. The fund is ranked 4 Stars by Standard & Poor’s.

The closing was disclosed in a regulatory filing.

Contact Bob Keane with questions or comments at: [email protected].


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