There is no setting for vertical alignment within a dialog's Edit Box. Ever notice that Windows applications, if you type "ABC***" the asterisks are not vertically centered, but "raised"? That's a Windows thing. I believe that the only way that you can get your password asterisks or bullets vertically centered, would be to adjust the Height of the Edit Box control--make the height smaller and you could force the bullets to be centered, but would this be true for all screen resolutions? I don't know and personally, I wouldn't spend another second of my time trying to make this happen.
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