Monday, February 27, 2017

T. Rowe Price acquiring $50 million high-yield bond fund

T. Rowe Price Group Inc. announced Monday it will acquire a new fund to meet demand for investors seeking to put their money into high-yield bonds. The Baltimore money money will acquire the Henderson High Yield Opportunities Fund from the North American subsidiary of London-based Henderson Global Investors. The transaction is expected to close in late May, subject to shareholder approvals. Terms of the deal were not disclosed. A T. Rowe spokesman said the fund has assets of approximately $50…



from http://www.bizjournals.com/baltimore/news/2017/02/27/t-rowe-price-acquiring-50-million-high-yield-bond.html?ana=RSS%26s=article_search
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