T. Rowe Price Intermediate Tax-Free High Yield Fund, Inc. (PRIHX) NASDAQ

9.98

+0(+0.00%)

Updated at October 29 04:00PM

Currency In USD

T. Rowe Price Intermediate Tax-Free High Yield Fund, Inc.

Address

100 East Pratt Street

Baltimore, MD 21202

United States of America

Phone

410-345-4981

Website

N/A

Sector

Financial Services

Industry

Asset Management

Employees

N/A

First IPO Date

July 28, 2014

Key Executives

N/A

Description

The fund normally invests at least 80% of its net assets (including any borrowings for investment purposes) in securities whose interest is free from federal income taxes. However, up to 20% of its income could be derived from securities subject to the alternative minimum tax. Although the fund may purchase securities of any maturity, the fund normally maintains a weighted average effective maturity of between three and 10 years. Targeting effective maturity gives the portfolio manager additional flexibility.