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.