M&A - CALVERT WORLD VALUES FUND INC

Form Type: 497

Filing Date: 2025-06-12

Corporate Action: Merger

Type: New

Accession Number: 000107659825000210

Filing Summary: The document outlines the approval of a merger between the Calvert Mid-Cap Fund (the Acquired Fund) and the Calvert Small/Mid-Cap Fund (the Acquiring Fund). The merger is set to close on or about September 15, 2025, with shareholders of the Acquired Fund automatically becoming shareholders of the Acquiring Fund without incurring any sales charges or redemption fees. The merger is expected to be a tax-free reorganization for federal income tax purposes, though the Acquired Fund will reposition its portfolio prior to the merger, potentially generating taxable capital gains distributions for its shareholders. Both funds have similar objectives and are managed by the same team, with the Acquiring Fund expected to have lower management fees and total annual operating expenses post-merger. Information regarding the Acquiring Fund can be found online and a prospectus related to the merger will be available on the SEC's website.

Form Type: 497K

Filing Date: 2025-06-12

Corporate Action: Merger

Type: New

Accession Number: 000107659825000211

Filing Summary: Calvert World Values Fund, Inc. has announced a merger between the Calvert Mid-Cap Fund (the Acquired Fund) and the Calvert Small/Mid-Cap Fund (the Acquiring Fund). The Board of Directors of both funds has approved this proposal, believing it serves the best interests of the Acquired Fund. The merger is anticipated to close around September 15, 2025. Shareholders of the Acquired Fund will automatically transform into shareholders of the Acquiring Fund without incurring sales charges or redemption fees. While shareholder approval is not necessary, certain conditions must be met for the merger's execution. The merger will be tax-free for federal income tax purposes. Before the merger, the Acquired Fund plans to reposition its portfolio, leading to potential capital gains and taxable distributions to its shareholders. Both funds share similar investment objectives, with the Acquiring Fund carrying lower management fees and operating expenses. Additional information regarding the Acquiring Fund can be accessed through Calvert's website or by direct contact.