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T Rowe Price International Discovery Fund closed to new investors 4/2/18
Effective at the close of the New York Stock Exchange on Monday, April 2, 2018, the fund will be closed to new investors and new accounts, subject to certain exceptions. Investors who already hold shares of the fund at the close of business on Monday, April 2, 2018, will be permitted to continue to purchase additional shares."
@TheShadow ...thanks for this information. I wonder... is it always a good thing when a fund closes?
Comments welcome.
As part of a new series I am calling Friday Night Lights...Action...Camera I am going use Jing's video feature to dive a little deeper into another filing that @TheShadow is probably familiar with known as the "Statement of Additional Information" or the "SAI" filing. My apologies for my learning curve with this medium.
This is Part One: TRP's most recent SAI and director compensation and investments in TRP funds: Part One Part Two: Portfolio Managers’ Holdings in the Price Funds Part Two
My experience with TRP is that they're pretty accommodating when it comes to opening new accounts of a closed fund by moving shares in-kind (e.g. from an IRA to your taxable account, or from a traditional to a Roth IRA).
So take "closed to ... new accounts subject to certain exceptions" with a grain of salt. In-kind transfers appear to be one of those exceptions.
Comments
Comments welcome.
As part of a new series I am calling Friday Night Lights...Action...Camera I am going use Jing's video feature to dive a little deeper into another filing that @TheShadow is probably familiar with known as the "Statement of Additional Information" or the "SAI" filing. My apologies for my learning curve with this medium.
This is Part One: TRP's most recent SAI and director compensation and investments in TRP funds:
Part One
Part Two: Portfolio Managers’ Holdings in the Price Funds
Part Two
So take "closed to ... new accounts subject to certain exceptions" with a grain of salt. In-kind transfers appear to be one of those exceptions.