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Investment Adviser

T. Rowe Price Associates, Inc., ("T. Rowe Price") with its principal offices at 100 East Pratt Street, Baltimore, Maryland, 21202, was selected by the Fund's Board of Directors to serve as the Fund's investment adviser starting December 2, 2002. As of March 31, 2014, T. Rowe Price and its affiliates managed approximately $711 billion of assets, which included approximately $21.5 billion in "high yield" investments. T. Rowe Price has provided investment advisory services to investment companies since 1937.


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