2016 Dividends-Received Deductions

Corporate taxpayers generally are entitled to a deduction for dividends received from another domestic corporation. To determine the amount of dividends qualifying for this deduction, multiply the "percent qualifying for deduction" (shown in the table) by the amount of your total ordinary dividends. Please note that ordinary dividends of a mutual fund includes, if applicable, net short-term capital gains and foreign taxes paid.

Note that you may not take this deduction for a dividend on shares of a fund that have been held for less than 46 days during the 91-day period beginning on the date 45 days before the ex-dividend date. You may find your fund's ex-dividend date here.

Dividends-Received Deductions Tables
T. Rowe Price Domestic Stock Funds
  Percent Qualifying for Deduction1
Balanced (All Quarters) 32.33%
Blue Chip Growth 100.00%
Capital Appreciation 54.25%
Capital Opportunity 100.00%
Diversified Mid-Cap Growth 100.00%
Dividend Growth (All Quarters) 100.00%
Equity Income (All Quarters) 85.75%
Equity Index 500 (All Quarters) 95.80%
Extended Equity Market Index 49.57%
Financial Services 100.00%
Growth & Income (All Quarters) 100.00%
Growth Stock 100.00%
Health Sciences 80.91%
Media & Telecommunications 100.00%
Mid-Cap Growth 100.00%
Mid-Cap Value 51.20%
New America Growth 25.78%
New Era 72.16%
New Horizons 94.00%
Personal Strategy Balanced (All Quarters) 24.02%
Personal Strategy Growth 40.87%
Personal Strategy Income (All Quarters) 15.26%
QM U.S. Small & Mid-Cap Core Equity 67.72%
QM U.S. Small-Cap Growth Equity2 100.00%
QM U.S. Value Equity 67.99%
Real Assets 22.66%
Real Estate (All Quarters) 1.21%
Science & Technology 16.87%
Small-Cap Stock 100.00%
Small-Cap Value 100.00%
Tax-Efficient Equity 100.00%
Total Equity Market Index 85.96%
U.S. Large-Cap Core 100.00%
Value 100.00%
T. Rowe Price Taxable Bond Funds
  Percent Qualifying for Deduction1
Cash Reserves3
Corporate Income
Credit Opportunities 0.31%
Floating Rate
Government Money4
High Yield 0.23%
Inflation Protected Bond
Limited Duration Inflation Focused Bond
New Income 0.02%
Short-Term Bond
Total Return
Ultra Short-Term Bond
U.S. Bond Enhanced Index
U.S. Treasury Intermediate
U.S. Treasury Long-Term
U.S. Treasury Money
T. Rowe Price Tax-Free Bond Funds
  Percent Qualifying for Deduction1
California Tax-Free Bond
California Tax-Free Money N/A
Georgia Tax-Free Bond
Intermediate Tax-Free High Yield
Maryland Short-Term Tax-Free Bond N/A
Maryland Tax-Free Bond N/A
Maryland Tax-Free Money N/A
New Jersey Tax-Free Bond N/A
New York Tax-Free Bond
New York Tax-Free Money N/A
Summit Municipal Income
Summit Municipal Intermediate
Summit Municipal Money Market N/A
Tax-Exempt Money N/A
Tax-Free High Yield 33.19%
Tax-Free Income
Tax-Free Short-Intermediate N/A
Virginia Tax-Free Bond N/A
T. Rowe Price International/Global Stock and Bond Funds
  Percent Qualifying for Deduction1
International/Global Stock Funds
Africa & Middle East
Asia Opportunities 2.49%
Emerging Europe
Emerging Markets Stock 0.33%
Emerging Markets Value Stock 0.18%
European Stock
Global Allocation 21.61%
Global Consumer 75.06%
Global Growth Stock 95.71%
Global Industrials 51.52%
Global Real Estate (All Quarters) 0.64%
Global Stock 100.00%
Global Technology 2.49%
International Concentrated Equity
International Discovery (June and December distr.) 0.38%
International Equity Index
International Value Equity5
International Stock 3.79%
Latin America
New Asia
Overseas Stock 0.19%
QM Global Equity 45.32%
International/Global Bond Funds
Emerging Markets Bond
Emerging Markets Corporate Bond
Emerging Markets Local Currency Bond N/A
Global High Income Bond
Global Multi-Sector Bond 0.29%
Global Unconstrained Bond
International Bond N/A
T. Rowe Price Retirement, Spectrum, and Target Funds
  Percent Qualifying for Deduction1
Retirement 2005 20.51%
Retirement 2010 22.86%
Retirement 2015 25.10%
Retirement 2020 27.76%
Retirement 2025 31.03%
Retirement 2030 34.68%
Retirement 2035 36.69%
Retirement 2040 41.59%
Retirement 2045 40.92%
Retirement 2050 42.79%
Retirement 2055 41.47%
Retirement 2060 42.76%
Retirement Balanced 23.75%
Retirement I 2005 - I Class 19.94%
Retirement I 2010 - I Class 23.14%
Retirement I 2015 - I Class 26.04%
Retirement I 2020 - I Class 29.40%
Retirement I 2025 - I Class 33.09%
Retirement I 2030 - I Class 35.53%
Retirement I 2035 - I Class 38.48%
Retirement I 2040 - I Class 40.65%
Retirement I 2045 - I Class 42.53%
Retirement I 2050 - I Class 42.14%
Retirement I 2055 - I Class 42.40%
Retirement I 2060 - I Class 40.91%
Retirement Balanced I - I Class 20.98%
Spectrum Growth 49.54%
Spectrum Income 7.91%
Spectrum International 0.67%
Target 20056 18.54%
Target 20106 20.18%
Target 20156 20.74%
Target 20206 24.67%
Target 20256 27.76%
Target 20306 29.28%
Target 20356 31.41%
Target 20406 34.71%
Target 20456 37.11%
Target 20506 41.91%
Target 20556 45.12%
Target 20606 44.98%

1This percentage applies to the sum of your income dividend plus short-term capital gain distribution paid for the calendar year or other period, if indicated, as reported in Box 1a of your IRS Form 1099-DIV.
2Formerly T. Rowe Price Diversified Small-Cap Growth
3Formerly T. Rowe Price Summit Cash Reserves
4Formerly T. Rowe Price Prime Reserve
5Formerly T. Rowe Price International Growth & Income
6Formerly T. Rowe Price Target Retirement

Percentages are the same for all fund classes (Investor, Advisor, R, and I classes and Portfolio and Portfolio—II classes). For more information, please visit our website for financial intermediaries at www.troweprice.com/fi/distributions.

N/A indicates that a fund did not pay a dividend or short-term capital gain, or pass through foreign tax paid.

A dash indicates that the fund paid a dividend or short-term capital gain, but it was not entitled to a deduction for dividends received.

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