T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today announced that it had entered into an agreement to acquire the Henderson High Yield Opportunities Fund (Class I ticker: HYOIX, "the Henderson fund") from Henderson Global Investors (North America) Inc. The transaction will be concluded through the reorganization of that fund into a newly formed mutual fund, the T. Rowe Price U.S. High Yield Fund. The transaction is expected to close in late May 2017, subject to shareholder approvals.
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