2013 Tax Information for T. Rowe Price Taxable Funds
Dividends-Received Deduction (for corporations only)

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) 28%
Blue Chip Growth N/A
Capital Appreciation 30%
Capital Opportunity 100%
Diversified Mid-Cap Growth 100%
Diversified Small-Cap Growth 93%
Dividend Growth (All Quarters) 100%
Equity Income (All Quarters) 100%
Equity Index 500 (All Quarters) 100%
Extended Equity Market Index 35%
Financial Services 100%
Growth & Income (All Quarters) 100%
Growth Stock 100%
Health Sciences 22%
Media & Telecommunications 36%
Mid-Cap Growth 100%
Mid-Cap Value 83%
New America Growth 19%
New Era 100%
New Horizons 23%
Personal Strategy Balanced (All Quarters) 23%
Personal Strategy Growth 47%
Personal Strategy Income (All Quarters) 17%
Real Assets 25%
Real Estate (All Quarters) 2%
Science & Technology N/A
Small-Cap Stock 86%
Small-Cap Value 100%
Tax-Efficient Equity 100%
Total Equity Market Index 100%
U.S. Large-Cap Core 54%
Value 68%
T. Rowe Price Taxable Bond Funds
  Percent Qualifying for Deduction1
Corporate Income
Floating Rate
High Yield 1%
Inflation Protected Bond
New Income
Prime Reserve
Short-Term Bond
Strategic Income 1%
Summit Cash Reserves
Summit GNMA
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 N/A
California Tax-Free Money N/A
Georgia Tax-Free Bond N/A
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
New York Tax-Free Bond
New York Tax-Free Money N/A
Summit Municipal Income N/A
Summit Municipal Intermediate N/A
Summit Municipal Money Market N/A
Tax-Exempt Money N/A
Tax-Free High Yield
Tax-Free Income N/A
Tax-Free Short-Intermediate N/A
Virginia Tax-Free Bond N/A
T. Rowe Price International Stock and Bond Funds
  Percent Qualifying for Deduction1
International Stock Funds
Africa & Middle East
Emerging Europe 1%
Emerging Markets Stock
European Stock 2%
Global Allocation 38%
Global Growth Stock2 8%
Global Industrials N/A%
Global Infrastructure 40%
Global Real Estate (All Quarters) 1%
Global Stock 84%
Global Technology 7%
International Discovery
International Equity Index
International Growth & Income
International Stock 8%
Japan (June and December)
Latin America 3%
New Asia
Overseas Stock
International Bond Funds
Emerging Markets Bond
Emerging Markets Corporate Bond
Emerging Markets Local Currency Bond
International Bond N/A
T. Rowe Price Retirement and Spectrum Funds
  Percent Qualifying for Deduction1
Retirement 2005 23%
Retirement 2010 26%
Retirement 2015 28%
Retirement 2020 31%
Retirement 2025 31%
Retirement 2030 35%
Retirement 2035 39%
Retirement 2040 41%
Retirement 2045 40%
Retirement 2050 40%
Retirement 2055 39%
Retirement Income 27%
Spectrum Growth 45%
Spectrum Income 8%
Spectrum International 1%
Target Retirement 2005 23%
Target Retirement 2010 24%
Target Retirement 2015 26%
Target Retirement 2020 26%
Target Retirement 2025 29%
Target Retirement 2030 29%
Target Retirement 2035 33%
Target Retirement 2040 33%
Target Retirement 2045 34%
Target Retirement 2050 36%
Target Retirement 2055 33%
T. Rowe Price Variable Annuity Portfolios3
  Percent Qualifying for Deduction1
Blue Chip Growth Portfolio 100%
Equity Income Portfolio (All Quarters) 100%
Equity Index 500 Portfolio (All Quarters) 97%
Health Sciences Portfolio 29%
International Stock Portfolio 3%
Limited-Term Bond Portfolio
Mid-Cap Growth Portfolio 100%
New America Growth Portfolio 18%
Personal Strategy Balanced Portfolio
(All Quarters)
Prime Reserve Portfolio

Percentages are the same for all fund classes (Investor, Advisor, R, and II).

N/A indicates that a fund did not pay a dividend or short-term capital gain or pass through a foreign tax expense in 2013.

A dash indicates that the fund paid a dividend or short-term capital gain in 2013, but it was not entitled to a deduction for dividends received.

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.

2Effective 11/1/13, the Global Large-Cap Stock Fund was renamed the Global Growth Stock Fund.

3For existing clients who are considering an exchange or investment into a new portfolio and would like to request a prospectus, please call 1-800-469-6587. The prospectus includes investment objectives, risks, fees, expenses, and other information that should be read and considered carefully before investing.

The T. Rowe Price No-Load Variable Annuity is issued by Security Benefit Life Insurance Company (Form V6021). In New York, it is issued by First Security Benefit Life Insurance and Annuity Company of New York, White Plains, New York (FSB201 - 11/96). Security Benefit Life is not licensed in New York and does not solicit business in New York. The Variable Annuity, which has been available since April 1995, and in New York since November 1995, has limitations; contact your representative. It was distributed previously by T. Rowe Price Investment Services, Inc., and T. Rowe Price Insurance Agency, Inc., and is no longer available to new contract holders. The underlying portfolios are managed by T. Rowe Price Associates, Inc. The Security Benefit Group of companies and the T. Rowe Price companies are not affiliated.