T Rowe Price Capital Appreciation Fund - PRWCX STOCK NEWS

Welcome to our dedicated page for T Rowe Price Capital Appreciation Fund news (Ticker: PRWCX), a resource for investors and traders seeking the latest updates and insights on T Rowe Price Capital Appreciation Fund stock.

T. Rowe Price Capital Appreciation Fund (PRWCX) news and updates for investors tracking this multi-asset strategy. This page aggregates official announcements and market analysis related to David Giroux's $1.39 trillion portfolio, which has outperformed its Morningstar peer group average for 16 consecutive years through November 2023.

Access timely updates on portfolio adjustments, dividend declarations, and management insights from the six-time Morningstar award nominee. Our curated feed includes earnings commentary, regulatory filings, and strategic positioning notes while maintaining SEC-compliant disclosure standards.

Key coverage areas include equity allocation shifts, fixed income strategy updates, and leadership communications about this closed-end fund. Bookmark this page for consolidated access to PRWCX developments without promotional content or investment recommendations.

01/08/2024 09:00 AM

News

T. ROWE PRICE CAPITAL APPRECIATION FUND TIES RECORD FOR LONG-TERM PERFORMANCE

Rhea-AI Summary

T. Rowe Price (TROW) announced that the T. Rowe Price Capital Appreciation Fund (PRWCX) managed by David Giroux, CFA®, finished 2023 as having beaten its Morningstar peer group average for 16 consecutive years, tying the record for the most consecutive calendar years a U.S. equity or multi-asset fund has done so under the same portfolio manager. Giroux has more than 25 years of investment industry experience and has been the fund's portfolio manager since June 30, 2006. He has also won 18 Best Fund awards from Lipper. The fund began operation in 1986 and seeks long-term capital appreciation by investing primarily in a blended portfolio of common and preferred stocks as well as fixed income and other securities to help preserve principal value. Giroux also manages the T. Rowe Price Capital Appreciation Equity ETF (TCAF) and co-manages the T. Rowe Price Capital Appreciation and Income Fund (PRCFX).

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T. ROWE PRICE LAUNCHES CAPITAL APPRECIATION AND INCOME FUND

Rhea-AI Summary

T. Rowe Price (NASDAQ-GS: TROW) has announced the launch of the Capital Appreciation and Income Fund, adding to its suite of investment options. Co-managed by David Giroux and Farris Shuggi, the fund aims to generate strong risk-adjusted total returns through a combination of capital appreciation primarily from stocks, income from stock dividends, and interest income from fixed income holdings. The fund will have more fixed income securities and fewer equities over time, making it less volatile and generating more current income. The net expense ratio for the Investor Class shares is 0.65% and for the I Class shares is 0.5%, with minimum initial investment amounts of $2,500 and $500,000, respectively.

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Nasdaq:PRWCX

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PRWCX Stock Data

Market Cap 36.02B