0000080249-18-000001.txt : 20180111 0000080249-18-000001.hdr.sgml : 20180111 20180111090354 ACCESSION NUMBER: 0000080249-18-000001 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20180111 DATE AS OF CHANGE: 20180111 EFFECTIVENESS DATE: 20180111 FILER: COMPANY DATA: COMPANY CONFORMED NAME: T. Rowe Price New Income Fund, Inc. CENTRAL INDEX KEY: 0000080249 IRS NUMBER: 520980581 STATE OF INCORPORATION: MD FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-48848 FILM NUMBER: 18522793 BUSINESS ADDRESS: STREET 1: 100 EAST PRATT STREET CITY: BALTIMORE STATE: MD ZIP: 21202 BUSINESS PHONE: 410-345-2000 MAIL ADDRESS: STREET 1: 100 EAST PRATT STREET CITY: BALTIMORE STATE: MD ZIP: 21202 FORMER COMPANY: FORMER CONFORMED NAME: PRICE T ROWE NEW INCOME FUND INC DATE OF NAME CHANGE: 19940727 0000080249 S000002136 T. Rowe Price New Income Fund, Inc. C000005529 T. Rowe Price New Income Fund, Inc. PRCIX C000005530 T. Rowe Price New Income Fund-Advisor Class PANIX C000005531 T. Rowe Price New Income Fund-R Class RRNIX C000159679 T. Rowe Price New Income Fund-I Class PRXEX 497 1 nifstatsticker11118-may5.htm Untitled Document

T. Rowe Price New Income Fund

Supplement to Prospectus Dated October 1, 2017

On page 6, the portfolio manager table under “Management” is supplemented as follows:

Effective January 31, 2018, Stephen L. Bartolini will join Daniel O. Shackelford as the fund’s co-portfolio manager and Cochairman of the fund’s Investment Advisory Committee. Mr. Bartolini joined T. Rowe Price in 2010. Effective December 31, 2018, Mr. Shackelford will step down from his responsibilities as co-portfolio manager and Mr. Bartolini will become the fund’s sole portfolio manager and sole Chairman of the fund’s Investment Advisory Committee. Mr. Shackelford plans to retire from T. Rowe Price on or around March 31, 2019.

On page 9, the disclosure under “Portfolio Management” is supplemented as follows:

Effective January 31, 2018, Stephen L. Bartolini will join Daniel O. Shackelford as co-portfolio manager and Cochairman of the fund’s Investment Advisory Committee. Mr. Bartolini joined the Firm in 2010 and his investment experience dates from 2000. During the past five years, he has served as a portfolio manager (beginning in June 2016) and, prior to that, as an associate portfolio manager of the U.S. Inflation Protected Bond and U.S. Short-Term Inflation Focused Bond strategies, a member of the fixed income division’s Global Interest Rates and Currencies Strategy team, and a fixed income trader. Effective December 31, 2018, Mr. Shackelford will step down from his responsibilities as co-portfolio manager and Cochairman of the fund’s Investment Advisory Committee and Mr. Bartolini will become the fund’s sole portfolio manager and sole Chairman of the fund’s Investment Advisory Committee. Mr. Shackelford plans to retire from T. Rowe Price on or around March 31, 2019.

The date of this supplement is January 11, 2018.

F43-041 1/11/2018