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Article: T. Rowe Price Announces Participation in U.S. Treasury's Temporary Money Market Fund Guarantee Program.
- Article from:
- PR Newswire
- Article date:
- October 7, 2008
CopyrightCOPYRIGHT 2008 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BALTIMORE, Oct. 7 /PRNewswire-FirstCall/ -- T. Rowe Price Associates, Inc. and the Boards of Directors of the T. Rowe Price money market funds have decided that its taxable and tax free money market funds will participate in the U.S. Treasury Department's temporary money market fund guarantee program.
"The significant disruptions in the credit markets have been unsettling for investors. We are taking this step to provide an additional layer of re-assurance for our money fund shareholders during this difficult period," noted Edward Bernard, Vice Chairman of T. Rowe Price Group Inc. and Chairman of the T. Rowe Price money market funds. "All of our money market ...