T. Rowe Price Intermediate Tax-Free High Yield Fund, Inc. (PRIHX)
T. Rowe Price Intermediate Tax-Free High Yield Fund, Inc. operates in the Asset Management industry of the Financial Services sector, headquartered in Baltimore, MD, US. The stock last traded at $9.55, down 0.52% on the session, giving a market capitalisation of $198.9M. On trailing twelve-month figures it carries a trailing P/E of 21.70, a net margin of 78.4%. Its beta of 0.64 implies it has historically moved less than the broad market.
This fund primarily channels a minimum of 80% of its net assets, including any capital raised through borrowing for investment, into securities that provide interest income free from federal income tax. Nevertheless, up to one-fifth of its earnings may stem from holdings subject to the alternative minimum tax. While the fund is authorized to acquire securities of any duration, it generally seeks to maintain a weighted average effective maturity between three and ten years. This approach to targeting effective maturity offers the portfolio manager greater adaptability.
T. Rowe Price Intermediate Tax-Free High Yield Fund, Inc. is most often compared with the following Financial Services names: