BALTIMORE, Feb. 15 /PRNewswire-FirstCall/ -- The Board of Directors of
T. Rowe Price Group (Nasdaq: TROW) today approved a 15 million share
increase in the company's authorization to repurchase its common shares.
This brings the total repurchase authorization to 18.8 million shares.
Founded in 1937, Baltimore-based T. Rowe Price is a global investment
management organization that provides a broad array of mutual funds,
subadvisory services, and separate account management for individual and
institutional investors, retirement plans, and financial intermediaries.
The organization also offers a variety of sophisticated investment planning
and guidance tools. T. Rowe Price's disciplined, risk-aware investment
approach focuses on diversification, style consistency, and fundamental
research. More information is available at http://www.troweprice.com.
SOURCE T. Rowe Price
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Related links:
http://www.troweprice.com
CONTACT:
Steve Norwitz, +1-410-345-2124, Brian
Lewbart, +1-410-345-2242, or Robert Benjamin, +1-410-345-2205,
all of T. Rowe Price Associates
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