Qualified Dividends (estimated percentages)* Income Dividends Short-Term Gains Long-Term Gains Declaration/Record

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1 2018 Preliminary Distributions T. ROWE PRICE FUNDS 2018 Undistributed Income and Capital Gains Per Share Amounts as of October 31, 2018 T. Rowe Price Fund Domestic Stock Funds Balanced 56% paid quarterly $0.04 $ /11/18 12/12/18 12/13/18 Blue Chip Growth /12/18 12/13/18 12/14/18 Capital Appreciation 80 $ /12/18 12/13/18 12/14/18 Capital Opportunity /13/18 12/14/18 12/17/18 Communications & Technology /13/18 12/14/18 12/17/18 Diversified Mid-Cap Growth /12/18 12/13/18 12/14/18 Dividend Growth 100 paid quarterly /11/18 12/12/18 12/13/18 Equity Income 100 paid quarterly /11/18 12/12/18 12/13/18 Equity Index paid quarterly /11/18 12/12/18 12/13/18 Extended Equity Market Index /11/18 12/12/18 12/13/18 Financial Services /13/18 12/14/18 12/17/18 Growth & Income 58 paid quarterly /11/18 12/12/18 12/13/18 Growth Stock /12/18 12/13/18 12/14/18 Health Sciences /13/18 12/14/18 12/17/18 Mid-Cap Growth /12/18 12/13/18 12/14/18 Mid-Cap Value /12/18 12/13/18 12/14/18 Multi-Strategy Total Return /13/18 12/14/18 12/17/18 New America Growth /12/18 12/13/18 12/14/18 New Era /13/18 12/14/18 12/17/18 New Horizons /13/18 12/14/18 12/17/18 Personal Strategy Balanced 49 paid quarterly /11/18 12/12/18 12/13/18 Personal Strategy Growth /11/18 12/12/18 12/13/18 Personal Strategy Income 29 paid quarterly /11/18 12/12/18 12/13/18

2 Domestic Stock Funds (continued) QM U.S. Small & Mid-Cap Core Equity 81% $0.05 $0.07 $ /12/18 12/13/18 12/14/18 QM U.S. Small-Cap Growth Equity /12/18 12/13/18 12/14/18 QM U.S. Value Equity /12/18 12/13/18 12/14/18 Real Assets /13/18 12/14/18 12/17/18 Real Estate 1 paid quarterly /11/18 12/12/18 12/13/18 Science & Technology /13/18 12/14/18 12/17/18 Small-Cap Stock /12/18 12/13/18 12/14/18 Small-Cap Value /12/18 12/13/18 12/14/18 Tax-Efficient Equity /11/18 12/12/18 12/13/18 Total Equity Market Index /11/18 12/12/18 12/13/18 U.S. Large-Cap Core /12/18 12/13/18 12/14/18 Value /12/18 12/13/18 12/14/18 International Stock Funds Africa & Middle East 82% $ /14/18 12/17/18 12/18/18 Asia Opportunities /14/18 12/17/18 12/18/18 Emerging Europe /14/18 12/17/18 12/18/18 Emerging Markets Stock /14/18 12/17/18 12/18/18 Emerging Markets Value Stock /14/18 12/17/18 12/18/18 European Stock /14/18 12/17/18 12/18/18 Global Allocation $ /14/18 12/17/18 12/18/18 Global Consumer $ /14/18 12/17/18 12/18/18 Global Growth Stock /14/18 12/17/18 12/18/18 Global Industrials /14/18 12/17/18 12/18/18 Global Real Estate 44 paid quarterly /14/18 12/17/18 12/18/18 Global Stock /14/18 12/17/18 12/18/18 Global Technology /14/18 12/17/18 12/18/18 International Concentrated Equity /14/18 12/17/18 12/18/18 International Discovery /14/18 12/17/18 12/18/18 International Equity Index /14/18 12/17/18 12/18/18 International Stock /14/18 12/17/18 12/18/18 International Value Equity /14/18 12/17/18 12/18/18 Japan /14/18 12/17/18 12/18/18 Latin America /14/18 12/17/18 12/18/18

3 International Stock Funds (continued) New Asia 34% $0.22 $0.21 $ /14/18 12/17/18 12/18/18 Overseas Stock /14/18 12/17/18 12/18/18 QM Global Equity /14/18 12/17/18 12/18/18 Taxable Bond and Money Funds Cash Reserves paid monthly 12/6/18 12/7/18 12/10/18 Corporate Income paid monthly 12/6/18 12/7/18 12/10/18 Credit Opportunities 2% paid monthly 12/6/18 12/7/18 12/10/18 Dynamic Global Bond** $0.09 $0.18 $ /14/18 12/17/18 12/18/18 Emerging Markets Bond paid monthly 12/14/18 12/17/18 12/18/18 Emerging Markets Corporate Bond paid monthly 12/14/18 12/17/18 12/18/18 Emerging Markets Local Currency Bond paid monthly 12/14/18 12/17/18 12/18/18 Floating Rate paid monthly 12/6/18 12/7/18 12/10/18 Global High Income Bond 1 paid monthly /14/18 12/17/18 12/18/18 Global Multi-Sector Bond paid monthly /14/18 12/17/18 12/18/18 GNMA paid monthly 12/6/18 12/7/18 12/10/18 Government Money paid monthly 12/6/18 12/7/18 12/10/18 High Yield 2 paid monthly 12/6/18 12/7/18 12/10/18 Inflation Protected Bond paid monthly /6/18 12/7/18 12/10/18 International Bond paid monthly 12/14/18 12/17/18 12/18/18 International Bond (USD Hedged) paid monthly /14/18 12/17/18 12/18/18 Limited Duration Inflation Focused Bond paid monthly /6/18 12/7/18 12/10/18 New Income paid monthly 12/6/18 12/7/18 12/10/18 Short-Term Bond paid monthly 12/6/18 12/7/18 12/10/18 Total Return 1 paid monthly /6/18 12/7/18 12/10/18 Ultra Short-Term Bond paid monthly /6/18 12/7/18 12/10/18 U.S. Bond Enhanced Index paid monthly 12/6/18 12/7/18 12/10/18 U.S. High Yield paid monthly 12/6/18 12/7/18 12/10/18 U.S. Treasury Intermediate paid monthly 12/6/18 12/7/18 12/10/18 U.S. Treasury Long-Term paid monthly 12/6/18 12/7/18 12/10/18 U.S. Treasury Money paid monthly 12/6/18 12/7/18 12/10/18 Tax-Free Bond and Money Funds California Tax-Free Bond paid monthly $ /6/18 12/7/18 12/10/18 California Tax-Free Money paid monthly 12/6/18 12/7/18 12/10/18 Georgia Tax-Free Bond paid monthly 12/6/18 12/7/18 12/10/18

4 Tax-Free Bond and Money Funds (continued) Intermediate Tax-Free High Yield paid monthly $ /6/18 12/7/18 12/10/18 Maryland Short-Term Tax-Free Bond paid monthly 12/6/18 12/7/18 12/10/18 Maryland Tax-Free Bond paid monthly $ /6/18 12/7/18 12/10/18 Maryland Tax-Free Money paid monthly 12/6/18 12/7/18 12/10/18 New Jersey Tax-Free Bond paid monthly 12/6/18 12/7/18 12/10/18 New York Tax-Free Bond paid monthly /6/18 12/7/18 12/10/18 New York Tax-Free Money paid monthly 12/6/18 12/7/18 12/10/18 Summit Municipal Income paid monthly /6/18 12/7/18 12/10/18 Summit Municipal Intermediate paid monthly /6/18 12/7/18 12/10/18 Summit Municipal Money Market paid monthly 12/6/18 12/7/18 12/10/18 Tax-Exempt Money paid monthly 12/6/18 12/7/18 12/10/18 Tax-Free High Yield 18% paid monthly /6/18 12/7/18 12/10/18 Tax-Free Income paid monthly /6/18 12/7/18 12/10/18 Tax-Free Short-Intermediate paid monthly 12/6/18 12/7/18 12/10/18 Virginia Tax-Free Bond paid monthly 12/6/18 12/7/18 12/10/18 Retirement and Spectrum Funds Retirement % $0.29 $0.13 $ /19/18 12/20/18 12/21/18 Retirement /19/18 12/20/18 12/21/18 Retirement /19/18 12/20/18 12/21/18 Retirement /19/18 12/20/18 12/21/18 Retirement /19/18 12/20/18 12/21/18 Retirement /19/18 12/20/18 12/21/18 Retirement /19/18 12/20/18 12/21/18 Retirement /19/18 12/20/18 12/21/18 Retirement /19/18 12/20/18 12/21/18 Retirement /19/18 12/20/18 12/21/18 Retirement /19/18 12/20/18 12/21/18 Retirement /19/18 12/20/18 12/21/18 Retirement Balanced 16 paid monthly /19/18 12/20/18 12/21/18 Retirement Income paid monthly /27/18 12/27/18 12/28/18 Spectrum Growth /19/18 12/20/18 12/21/18 Spectrum Income 8 paid monthly /19/18 12/20/18 12/21/18 Spectrum International /19/18 12/20/18 12/21/18 Target /19/18 12/20/18 12/21/18 Target /19/18 12/20/18 12/21/18

5 Retirement and Spectrum Funds (continued) Target % $0.22 $0.11 $ /19/18 12/20/18 12/21/18 Target /19/18 12/20/18 12/21/18 Target /19/18 12/20/18 12/21/18 Target /19/18 12/20/18 12/21/18 Target /19/18 12/20/18 12/21/18 Target /19/18 12/20/18 12/21/18 Target /19/18 12/20/18 12/21/18 Target /19/18 12/20/18 12/21/18 Target /19/18 12/20/18 12/21/18 Target /19/18 12/20/18 12/21/18 Retirement I 2005 I Class /19/18 12/20/18 12/21/18 Retirement I 2010 I Class /19/18 12/20/18 12/21/18 Retirement I 2015 I Class /19/18 12/20/18 12/21/18 Retirement I 2020 I Class /19/18 12/20/18 12/21/18 Retirement I 2025 I Class /19/18 12/20/18 12/21/18 Retirement I 2030 I Class /19/18 12/20/18 12/21/18 Retirement I 2035 I Class /19/18 12/20/18 12/21/18 Retirement I 2040 I Class /19/18 12/20/18 12/21/18 Retirement I 2045 I Class /19/18 12/20/18 12/21/18 Retirement I 2050 I Class /19/18 12/20/18 12/21/18 Retirement I 2055 I Class /19/18 12/20/18 12/21/18 Retirement I 2060 I Class /19/18 12/20/18 12/21/18 Retirement Balanced I I Class 16 paid monthly /19/18 12/20/18 12/21/18 Year-end estimates are the same for all fund classes. * Reflects the portion of income dividends and short-term capital gains that are eligible to be taxed as qualified dividends. To the extent a fund receives qualified dividends from stocks it holds, it can designate all or a portion of the dividends it pays as qualifying for taxation at the federal long-term capital gains rate (maximum rate of 20%). **$0.09 Income Distribution is in addition to the regular monthly distribution. Call to request a prospectus or summary prospectus; each includes investment objectives, risks, fees, expenses, and other information that you should read and consider carefully before investing. T. Rowe Price Investment Services, Inc., distributor. C1P20JX4Y

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