<SEC-DOCUMENT>0000743773-11-000008.txt : 20110419
<SEC-HEADER>0000743773-11-000008.hdr.sgml : 20110419
<ACCEPTANCE-DATETIME>20110419135641
ACCESSION NUMBER:		0000743773-11-000008
CONFORMED SUBMISSION TYPE:	PX14A6G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20110419
DATE AS OF CHANGE:		20110419
EFFECTIVENESS DATE:		20110419

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			URBAN OUTFITTERS INC
		CENTRAL INDEX KEY:			0000912615
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-FAMILY CLOTHING STORES [5651]
		IRS NUMBER:				232003332
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			0131

	FILING VALUES:
		FORM TYPE:		PX14A6G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-22754
		FILM NUMBER:		11767669

	BUSINESS ADDRESS:	
		STREET 1:		5000 SOUTH BROAD STREET
		CITY:			PHILADELPHIA
		STATE:			PA
		ZIP:			19112
		BUSINESS PHONE:		2154545500

	MAIL ADDRESS:	
		STREET 1:		5000 SOUTH BROAD STREET
		CITY:			PHILADELPHIA
		STATE:			PA
		ZIP:			19112

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Calvert Variable Products, Inc.
		CENTRAL INDEX KEY:			0000743773
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		PX14A6G

	BUSINESS ADDRESS:	
		STREET 1:		4550 MONTGOMERY AVENUE
		STREET 2:		SUITE 1000N
		CITY:			BETHESDA
		STATE:			MD
		ZIP:			20814
		BUSINESS PHONE:		301-951-4800

	MAIL ADDRESS:	
		STREET 1:		4550 MONTGOMERY AVENUE
		STREET 2:		SUITE 1000N
		CITY:			BETHESDA
		STATE:			MD
		ZIP:			20814

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SUMMIT MUTUAL FUNDS, INC.
		DATE OF NAME CHANGE:	20090122

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SUMMIT MUTUAL FUNDS INC
		DATE OF NAME CHANGE:	20000323

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CARILLON FUND INC
		DATE OF NAME CHANGE:	19920703
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<p style="margin:0pt;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:22.0pt;">FORM PX14A6G</font></p>

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<p style="margin:0pt;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:22.0pt;">URBAN OUTFITTERS,
INC. &#8211; URBN</font></p>

<p style="margin:0pt;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:22.0pt;">&nbsp;</font></p>

<p style="margin:0pt;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:16.0pt;">Filed:&#160; April 18,
2011</font></p>

<p style="margin:0pt;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:16.0pt;">&nbsp;</font></p>

<p style="margin:0pt;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:16.0pt;">Notice of Exempt
Solicitation. Definitive Materials.</font></p>





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<p align=center style="margin:0pt;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman" lang=EN-US style="font-size:16.0pt;">United States Securities and Exchange Commission</font></p>

<p align=center style="margin:0pt;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman" lang=EN-US style="font-size:16.0pt;">Washington, D.C. 20549 </font></p>

<p style="margin:0pt;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:16.0pt;">&nbsp;</font></p>

<p align=center style="margin:0pt;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman" lang=EN-US style="font-size:16.0pt;">Notice of Exempt Solicitation</font><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> </font></p>

<p align=center style="margin:0pt;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman" lang=EN-US style="font-size:16.0pt;">Pursuant to Rule 14a-103</font></p>

<p style="margin:0pt;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0pt;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;">1. Name of Registrant: </font></p>

<p style="margin:0pt;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0pt;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Urban Outfitters, Inc.</font></p>

<p style="margin:0pt;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0pt;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0pt;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;">2. Name of person(s) relying on
exemption: </font></p>

<p style="margin:0pt;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0pt;margin-bottom:.0001pt;margin-left:36.0pt;text-indent:-22.5pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;">a.&#160;&#160;&#160;&#160; Calvert VP Nasdaq 100 Index Portfolio, acting
through Calvert Asset Management Company, Inc., which will be renamed Calvert
Investment Management, Inc. on or about April 30, 2011.<br>
<br>
</font></p>

<p style="margin:0pt;margin-bottom:.0001pt;margin-left:36.0pt;text-indent:-22.5pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;">b.&#160;&#160;&#160;&#160; The Treasurer of the State of Connecticut as trustee
for the Connecticut Retirement Plans and Trust Funds.</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;"><br>
<br>
</font></p>

<p style="margin:0pt;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0pt;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;">3. Address of person(s) relying on
Exemption: </font></p>

<p style="margin:0pt;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0pt;margin-bottom:.0001pt;margin-left:36.0pt;text-indent:-22.5pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;">a.&#160;&#160;&#160;&#160; 4550 Montgomery Avenue, Suite 1000N, Bethesda, MD 20814 <br>
<br>
</font></p>

<p style="margin:0pt;margin-bottom:.0001pt;margin-left:36.0pt;text-indent:-22.5pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;">b.&#160;&#160;&#160;&#160; 55 Elm Street, Hartford, CT 06106</font></p>

<p style="margin:0pt;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;"><br>
<br>
</font></p>

<p style="margin:0pt;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;">4. Written Materials: </font></p>

<p style="margin:0pt;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0pt;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Attached are written materials, submitted
pursuant to Rule 14a-6(g) promulgated under the Securities Exchange Act of
1934, in connection with a proxy proposal to be voted on at the Registrant&#8217;s
2011 Annual Meeting. </font></p>

<p style="margin:0pt;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp; </font></p>




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<P style="TEXT-ALIGN: right; MARGIN: 0pt" align=right><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman">&nbsp; </FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0pt" align=center><B><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman">IMPORTANT PROXY VOTING MATERIAL</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0pt" align=center><B><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0pt" align=center><B><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Shareholder Rebuttal to the Urban Outfitters, Inc.&nbsp;<BR>
Opposition Statement Regarding Board Diversity</FONT></U></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0pt" align=center><B><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">(p. 16 of Urban Outfitters&#146; Proxy)</FONT></U></B></P>
<P style="MARGIN: 0pt"><B><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0pt"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Proposal # 4. Shareholder Proposal </FONT></B></P>
<P style="MARGIN: 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial></FONT>&nbsp;</P>
<P style="MARGIN: 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">This proposal has been filed by Calvert Asset Management Company, Inc. and the Treasurer of the State of Connecticut as Trustee for the Connecticut Retirement Plans and Trust Funds. These investors share a common concern about the lack of gender and racial diversity on the Board of Directors of Urban Outfitters. &nbsp;The proponents view diversity as a strategic business and investment imperative. We believe in an increasingly complex global marketplace, the ability to draw on a wide range of viewpoints, backgrounds, skills, and experience is critical to a company's success.&nbsp; Further, we recognize diversity as an essential measure of sound governance and a critical attribute to a well-functioning board. </FONT></P>
<P style="MARGIN: 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0pt"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Urban Outfitters&#146; opposition statement and primary arguments against this proposal are that:</FONT></B></P>
<P style="MARGIN: 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial></FONT>&nbsp;</P>
<P style="TEXT-INDENT: -18pt; MARGIN: 0pt 0pt 0pt 36pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Urban Outfitters acknowledges the benefits of achieving broad diversity but believes its existing processes are designed to identify the best possible nominees and the company would be unduly restricted by the imposition of gender and minority requirements on the nominating process.</FONT></P>
<P style="MARGIN: 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial></FONT>&nbsp;</P>
<P style="TEXT-INDENT: -18pt; MARGIN: 0pt 0pt 0pt 36pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Urban Outfitters&#146; employment policies and practices are guided by the fundamental principle that decisions are made on the basis of whether the individual&#146;s personal capabilities and qualifications fit the Company&#146;s needs and meet the requirements of the position.</FONT></P>
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<P style="MARGIN: 0pt"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Our Rebuttal and Rationale for a YES vote follows:</FONT></B></P>
<P style="MARGIN: 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial></FONT>&nbsp;</P>
<P style="MARGIN: 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">This proposal seeks to expand current director selection criteria to include, among other considerations, diversity.&nbsp;&nbsp; While we appreciate that the Board agrees with the merits of achieving diversity throughout the company, we do not believe the company&#146;s current director selection process sufficiently prioritizes diversity.&nbsp; We feel our Board is not capitalizing on the competitive advantages that a comprehensive approach to diversity can bring to bear and that this is reflected in the fact that our Board of Directors has no racial or gender diversity.&nbsp; The company&#146;s policy of non-discrimination does not proactively address the lack of diversity among the Board of Directors.&nbsp; Urban Outfitters is a clear laggard within its peer group where approximately 90 percent of their S&amp;P 500 peers have at least one woman on their boards of directors. </FONT></P>
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<P style="TEXT-INDENT: -18pt; MARGIN: 0pt 0pt 0pt 36pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">1.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Our current Board is NOT representative of its shareholders, consumers, or employees. </FONT></B></P>
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<P style="MARGIN: 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">The Board claims it agrees with the &#147;merits of achieving diversity&#148; however the Board gives no indication how it plans to move from a board that has NO women and NO minorities to a board that is more reflective of its shareholders, consumers, and employees. The primary clientele for our company is women. In fact, two major brands of Urban Outfitters- Anthropologie and Free People, target their merchandise ONLY to women. For our Board to properly respond to changing consumer needs, Urban Outfitters must take steps to address the lack of diversity on its board.&nbsp;&nbsp; </FONT></P>
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<P style="MARGIN: 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">We remain unconvinced that the company has truly recognized the value that diversity brings to bear on a range of issues.&nbsp; In our view, companies combining competitive financial performance with fair and equitable working environments will recognize gains in both the workplace and marketplace and be better positioned to generate long-term value for their shareholders. </FONT></P>
<P style="MARGIN: 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial></FONT>&nbsp;</P>
<P style="TEXT-INDENT: -18pt; MARGIN: 0pt 0pt 0pt 36pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">2.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">The Urban Outfitters Board recommends a vote AGAINST by claiming the proposal is restrictive: </FONT></B></P>
<P style="MARGIN: 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial></FONT>&nbsp;</P>
<P style="MARGIN: 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">The proposal recommends that the company </FONT><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">expand </FONT></I><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">director searches to include nominees from both corporate positions beyond the executive suite and include non-traditional environments such as government, academia, and non-profit organizations.&nbsp; In this regard, we are encouraging the company to develop its current search process to ensure women and minorities are included among the pool of candidates considered.&nbsp; We are not recommending that the Board </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">limit</FONT></U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> its nominations for director seats to women and minority candidates but rather that the Board evaluate and assess applications for such positions from diverse candidates.&nbsp; Rather than restricting the Board, our recommendations would enhance the board&#146;s current selection process and require the board to review and evaluate a wider range of candidates.</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"> </FONT></P>
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<P style="MARGIN: 0pt"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Shareholders are urged to vote </FONT></B><B><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">FOR</FONT></U></B><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> Proposal #4 following the instruction provided on the company&#146;s proxy mailing.</FONT></B></P>
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<P style="MARGIN: 0pt"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman">THE FOREGOING INFORMATION MAY BE DISSEMINATED TO SHAREHOLDERS VIA TELEPHONE, U.S. MAIL, E-MAIL, CERTAIN WEBSITES AND CERTAIN SOCIAL MEDIA VENUES, AND SHOULD NOT BE CONSTRUED AS INVESTMENT ADVICE OR AS A SOLICITATION OF AUTHORITY TO VOTE YOUR PROXY.&nbsp; NO PROXY CARDS WILL BE ACCEPTED BY CALVERT ASSET MANAGEMENT COMPANY, INC. (CAMCO), ANY REGISTERED INVESTMENT COMPANY THAT HAS RETAINED CAMCO AS ITS INVESTMENT ADVISER (EACH A CALVERT FUND) OR THE </FONT></B><B><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman Bold">CONNECTICUT RETIREMENT PLANS AND TRUST FUNDS (CRPTF).&nbsp; </FONT></B><B><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman">PLEASE DO NOT SEND YOUR PROXY TO CAMCO, ANY CALVERT FUND OR CRPTF.&nbsp; TO VOTE YOUR PROXY, PLEASE FOLLOW THE INSTRUCTIONS ON YOUR PROXY CARD.&nbsp; THE COST OF DISSEMINATING THE FOREGOING INFORMATION TO SHAREHOLDERS IS BEING BORNE ENTIRELY BY CAMCO, CERTAIN CALVERT FUNDS AND/OR CRPTF.</FONT></B></P>
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<P style="MARGIN: 0pt"><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">For questions regarding </FONT></I><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Urban Outfitters Proposal #4 on Board Diversity, </FONT></I></B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">please contact Aditi Mohapatra, Calvert Investments, 301.961.4715, aditi.mohapatra@calvert.com </FONT></I></P>
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