T. Rowe Price Completes Acquisition of Oak Hill Advisors


T. Rowe Price Group (TROW) has a current dividend yield of 2.19% and is rated as “Very Safe” by SimplySafeDividends. I hold TROW in both my low yield and medium yield portfolios. In total my holdings in TROW are 1.7% of my portfolio.

T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today announced it has completed its acquisition of Oak Hill Advisors, L.P. (OHA), a leading alternative credit manager. The acquisition, which was announced on October 28, 2021, accelerates T. Rowe Price’s expansion into alternative credit markets, complementing its existing global platform and ongoing strategic investments in its core investments and distribution capabilities.

“We are very pleased to reach today’s milestone and to welcome the talented OHA team to T. Rowe Price,” said Rob Sharps, T. Rowe Price president, head of Investments, group chief investment officer, and incoming chief executive officer. “This acquisition allows us to broaden our private markets business and add new capabilities in an area of tremendous client interest and growth.”

T. ROWE PRICE COMPLETES ACQUISITION OF OAK HILL ADVISORS (yahoo.com)