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A T. Rowe Price report issued Tuesday cited lessening fears over slow global growth, the potential for rising inflation and interest rates in the U.S. and lingering concerns about China as key indicators that the year’s difficult start into a more promising finish. (File photo)
A T. Rowe Price report issued Tuesday cited lessening fears over slow global growth, the potential for rising inflation and interest rates in the U.S. and lingering concerns about China as key indicators that the year’s difficult start into a more promising finish. (File photo)

T. Rowe Price proxy vote error costs firm $194M

T. Rowe Price Group Inc. will pay $194 million to compensate some account holders because of mistakes the company made during a proxy vote. The firm will make a one-time payment of about $194 million in the second quarter that will be funded with available cash. The move will reduce net income, after tax, by roughly ...

About Adam Bednar

Adam Bednar covers real estate and development for The Daily Record.

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