M&A - Calvert Management Series
Form Type: 497
Filing Date: 2025-06-12
Corporate Action: Merger
Type: New
Accession Number: 000107659825000212
Filing Summary: The Board of Trustees of Calvert Small/Mid-Cap Fund has approved a proposal for the reorganization of Calvert Mid-Cap Fund into Calvert Small/Mid-Cap Fund, which is referred to as the Acquiring Fund. This action is termed as a Merger. The expected completion date for the Merger is on or about September 15, 2025. Furthermore, new investment restrictions will be implemented at the end of the investment restrictions list for the Fund, effective on the same date. These include conditions regarding borrowing, lending securities, and concentration of investments.
Additional details:
Investment Restriction 1: Issue senior securities or borrow money, except from banks and through reverse repurchase agreements in an amount up to 33 1/3% of the value of the Fund’s total assets.
Investment Restriction 2: Lend any security or make any loan, including engaging in repurchase agreements, if, more than 33 1/3% of the Fund’s total assets would be loaned to other parties, except through the purchase of debt securities.
Investment Restriction 3: Concentrate its investments in the securities of issuers primarily engaged in any particular industry or group of industries, with exceptions.
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