T. ROWE PRICE GNMA FUND
T. ROWE PRICE SUMMIT FUNDS, INC.
on behalf of
T. ROWE PRICE SUMMIT GNMA FUND
LIMITED POWER OF ATTORNEY
RESOLVED, that the above Corporation/Trust do hereby constitute and authorize Edward C. Bernard, Margery K. Neale and David Oestreicher, and each of them individually, as their true and lawful attorneys-in-fact and agents to take any and all action and execute any and all instruments which said attorneys and agents may deem necessary or advisable to effect the reorganization of T. Rowe Price Summit GNMA Fund (“Summit GNMA Fund”) into T. Rowe Price GNMA Fund (“GNMA Fund”). Said attorneys-in-fact and agents are authorized to perform any and all acts necessary and appropriate with respect to the liquidation of Summit GNMA Fund and the transfer of substantially all of its assets to GNMA Fund in exchange for shares of GNMA Fund, including but not limited to the following: signing the names of each of such directors/trustees and officers on his behalf to file with the Securities and Exchange Commission Form N-14 or Form N-1A and any amendments thereto, including all exhibits thereto and other documents in connection therewith; preparing, filing, and mailing of proxy materials; executing an Agreement and Plan of Reorganization between Summit GNMA Fund and GNMA Fund; signing and filing any Articles of Amendment, Articles of Dissolution, or other necessary documents with the State of Maryland and/or the State of Massachusetts; and sign and perform each and every act necessary or required by the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, the Investment Company Act of 1940, as amended, or Maryland General Corporation Law.
RESOLVED, that any and all powers of attorney granted by the above Corporation/Trust and their directors/trustees and officers that are currently in effect hereby remain in full force and effect. Nothing in this grant of Power of Attorney shall be construed to interrupt, alter or revoke any of the powers granted to named attorneys and agents by the above Corporation/Trust and their directors/trustees and officers in the Power of Attorney dated October 22, 2013.
RESOLVED, that this Agreement may be executed and delivered in counterparts (including by facsimile transmission), each of which will be deemed an original and both of which taken together will constitute one and the same agreement.
IN WITNESS WHEREOF, the above named Corporation/Trust have caused these presents to be signed and the same attested by its Secretary, each thereunto duly authorized by its Board of Directors/Trustees, and each of the undersigned has hereunto set his hand and seal as of the day set opposite his name.
/s/Edward C. Bernard Edward C. Bernard | Chairman of the Board |
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/s/Gregory K. Hinkle Gregory K. Hinkle |
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/s/William R. Brody William R. Brody |
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/s/Anthony W. Deering ______________________________ Anthony W. Deering |
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/s/Donald W. Dick, Jr. Donald W. Dick, Jr. |
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/s/Bruce W. Duncan Bruce W. Duncan |
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/s/Robert J. Gerrard, Jr. Robert J. Gerrard, Jr. |
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/s/Michael C. Gitlin ______________________________ Michael C. Gitlin |
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/s/Karen N. Horn Karen N. Horn |
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/s/Paul F. McBride Paul F. McBride |
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/s/Cecilia E. Rouse Cecilia E. Rouse |
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/s/John G. Schreiber John G. Schreiber |
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/s/Mark R. Tercek ______________________________ Mark R. Tercek |
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ATTEST:
/s/Patricia B. Lippert ______________________________ Patricia B. Lippert, Secretary |