Loss. A Loss (also referred to as dilution) results when a fund or, in the case of a multi-class fund, a class either (1) has paid excess redemption proceeds as a result of an overstated NAV or (2) has received insufficient subscription monies as a result of an understated NAV (in either case, transacting shareholders benefit from transacting at the misstated NAV, to the detriment of the fund or class).
Appears in 135 contracts
Samples: Fund Accounting Agreement (T. Rowe Price International Funds, Inc.), Fund Accounting Agreement (T. Rowe Price U.S. Treasury Funds, Inc.), Fund Accounting Agreement (T. Rowe Price Corporate Income Fund, Inc.)
