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Article: T. Rowe Price closes Recovery Fund at more than $100 million; partnership will invest in Chapter 11 companies. (T. Rowe Price Associates Inc.)
- Article from:
- PR Newswire
- Article date:
- March 6, 1989
CopyrightCOPYRIGHT 1989 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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T. ROWE PRICE CLOSES RECOVERY FUND AT MORE THAN $100 MILLION;
PARTNERSHIP WILL INVEST IN CHAPTER 11 COMPANIES
BALTIMORE, March 6 /PRNewswire/ -- T. Rowe Price Associates Inc. (NASDAQ: TROW) has closed its T. Rowe Price Recovery Fund, a limited partnership primarily for institutions which will invest in the debt claims and securities of companies involved in Chapter 11 bankruptcy proceedings. With $107.2 million in assets, the fund is one of the largest partnerships designed for investment in bankrupt companies.
Some 17 institutions and high net worth individuals have invested in the Recovery Fund, including public and private pension ...