T. Rowe Price Capital Appreciation Fund Inc.

11/02/2026 | Press release | Distributed by Public on 11/02/2026 07:30

Prospectus by Investment Company (Form 497)

T. Rowe Price Capital Appreciation Fund

Supplement to Prospectus and Summary Prospectus dated March 1, 2026

Effective December 7, 2026, the fund will no longer be closed to new investors and new accounts.

Accordingly, effective December 7, 2026, the first sentence under "Purchase and Sale of Fund Shares" in the summary prospectus and Section 1 of the prospectus is deleted in its entirety. In addition, the section entitled "Closed to New Investors" in Section 2 of the prospectus is deleted in its entirety.

The date of this supplement is November 2, 2026.

F72-041 11/2/26

T. Rowe Price Capital Appreciation Fund Inc. published this content on November 02, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on November 02, 2026 at 13:30 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]