<SEC-DOCUMENT>0000743773-11-000026.txt : 20110512
<SEC-HEADER>0000743773-11-000026.hdr.sgml : 20110512
<ACCEPTANCE-DATETIME>20110512084338
ACCESSION NUMBER:		0000743773-11-000026
CONFORMED SUBMISSION TYPE:	PX14A6G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20110512
DATE AS OF CHANGE:		20110512
EFFECTIVENESS DATE:		20110512

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:		11833880

	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
</SEC-HEADER>
<DOCUMENT>
<TYPE>PX14A6G
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<FILENAME>cvppx14a6gfiled051211.htm
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   <TITLE>cvppx14a6gfiled051211.htm - Generated by SEC Publisher for SEC Filing</TITLE>
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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; May 11,
2011</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: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 Investment Management, Inc.&#160; Calvert Investment Management,
Inc. was name Calvert Asset Management Company, Inc. prior to 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; 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 and Audio
File: </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, that were distributed to the media as a press release.</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>

<div align=center style="margin:0pt;margin-bottom:.0001pt;text-align:center;">

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

<p align=center style="margin:0pt;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;">IMPORTANT PROXY VOTING MATERIAL</font></b></p>

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

<p style="margin:0pt;margin-bottom:.0001pt;"><b><font face=Arial lang=EN-US style="font-size:12.0pt;">URBAN
OUTFITTERS INVESTORS URGED TO SUPPORT SHAREHOLDER MEASURE #4 TO OPEN THE URBN
BOARDROOM TO WOMEN AND MINORITIES </font></b></p>

<p style="margin:0pt;margin-bottom:.0001pt;"><b><font face=Arial lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0pt;margin-bottom:.0001pt;"><b><i><font face=Arial lang=EN-US style="font-size:10.0pt;">Calvert
Investment Management, Inc., Connecticut Treasurer Nappier, 2020 Women on
Boards Brief Media on Urban Outfitter&#8217;s Status As One of Few Leading U.S.
Retailers to Fight Diversity in the Boardroom</font></i></b></p>

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<P style="MARGIN: 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial>BETHESDA, MD//May 10, 2011//</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial>One week ahead of the May 17<SUP>th</SUP> Urban Outfitters (URBN) annual meeting in Philadelphia, Calvert Investment Management, Inc.,<FONT style="FONT-SIZE: 12pt">*</FONT></FONT>
<A href="#_ftn1" name=_ftnref1><FONT style="VERTICAL-ALIGN: super" face="Times New Roman"><U><FONT style="FONT-SIZE: 10pt" lang=EN-US color=#ffffff face=Symbol>*</FONT></U></FONT></A><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial>the Treasurer of the State of Connecticut (as trustee for the Connecticut Retirement Plans and Trust Funds), and 2020 Women on Boards are encouraging URBN shareholders to support Shareholder Measure #4, which would encourage the company to open up its boardroom to women and minorities.</FONT></P>
<P style="MARGIN: 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial></FONT>&nbsp;</P>
<P style="MARGIN: 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial>Unlike its five leading category competitors (by market value) &#150; The Gap, Inc. (GPS), Limited Brands, Inc. (LTD), Nordstrom, Inc. (JWN), Ross Stores, Inc. (ROST), and Abercrombie &amp; Fitch Company (ANF) &#150; all of which have at least one woman and/or minority group member on their boards of directors, Urban Outfitters, Inc. has no diversity in its boardroom and is actually opposing a shareholder resolution that would allow owners of the company to affirm that diversity is valued at URBN. (An earlier version of the News Media Advisory for this event incorrectly indicated that Urban Outfitters had also challenged the resolution at the SEC.)</FONT></P>
<P style="MARGIN: 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial></FONT>&nbsp;</P>
<P style="MARGIN: 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial>For the full text of the Urban Outfitters diversity resolution, go online to page 16 of the company's proxy</FONT><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=EN-US color=windowtext face=Arial>.</FONT><U><FONT style="FONT-SIZE: 10pt" lang=EN-US color=blue face=Arial> </FONT></U></P>
<P style="MARGIN: 0pt"><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=EN-US color=blue face=Arial></FONT>&nbsp;</P>
<P style="MARGIN: 0pt"><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=EN-US color=windowtext face=Arial>A &#147;yes&#148; vote on Shareholder Proposal #4 is recommended by ISS Proxy Advisory Services</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial>.&nbsp; </FONT></P>
<P style="MARGIN: 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial></FONT>&nbsp;</P>
<P style="MARGIN: 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial>In March 2011, Urban Outfitters was &#147;highlighted&#148; by Atlantic magazine as one of &#147;23 Global Companies With No Women on the Boards&#148;.&nbsp; Urban Outfitters current approach to diversity is particularly notable given that its Anthropologie store chain is marketed heavily to women.&nbsp;&nbsp; </FONT></P>
<P style="MARGIN: 0pt"><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=EN-US color=blue face=Arial></FONT>&nbsp;</P>
<P style="MARGIN: 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial>A growing body of academic research shows that there is a significant positive relationship between firm value and the percentage of women and minorities on boards.&nbsp; 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&#146;s success, as it increases the likelihood of making the right strategic and operational decisions and catalyzes efforts to recruit, retain, and promote the best people, including women and minorities.&nbsp; </FONT></P>
<P style="MARGIN: 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial></FONT>&nbsp;</P>
<P style="MARGIN: 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial>Aditi Mohapatra,</FONT><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial> </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial>senior sustainability analyst, Governance and Diversity, Calvert Investment Management, Inc., said:&nbsp; </FONT><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial>&#147;D</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial>iversity is an essential measure of sound governance and a critical attribute to a well-functioning board.&nbsp; Unfortunately, Urban Outfitters&#146; current board diversity policies and disclosures limit the company&#146;s definition and understanding of diversity and do not sufficiently address the growing investor demand and interest in this critical corporate governance matter.&#148;</FONT></B></P>
<P style="MARGIN: 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial></FONT>&nbsp;</P>
<P style="MARGIN: 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial>Denise L. Nappier, Connecticut State Treasurer, and principal fiduciary of the Connecticut Retirement Plans and Trust Funds (CRPTF), said:</FONT><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=red face=Arial>&nbsp; </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial>&#147;I come to the issue of diversity as a bottom line investor who is responsible for being an effective steward of my state&#146;s pension funds. There is tremendous value in a diverse leadership both in the boardroom and on the corporate leadership team.&nbsp; That value is helpful on the corporate bottom line and ultimately in the best interests of shareholders and our economy.&nbsp;&nbsp; Yet, URBN&#146;s approach to diversity sends the wrong message that the company&#146;s interest in and prospects of added diversity on its board will remain elusive. Regrettably, this company is out-of-step with many of its peers.&nbsp; URBN needs to make a greater commitment to reflect the diverse needs of the communities in which it does business.&#148; </FONT></B></P>
<P style="MARGIN: 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=red face=Arial></FONT>&nbsp;</P>
<P style="MARGIN: 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial>Malli Gero, executive director and co-founder, 2020 Women on Boards, said</FONT><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial>:&nbsp; "We applaud Calvert Investment Management and the Treasurer of Connecticut for recognizing the timeliness and importance of this issue.&nbsp; </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial>Women have demonstrated compelling benefits to business when they are seated at the table.&nbsp; While board diversity may be considered a social imperative, in reality it's just good business."</FONT></B></P>
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<A href="#_ftnref1" name=_ftn1><FONT style="FONT-SIZE: 9pt; VERTICAL-ALIGN: super" lang=EN-US color=#ffffff face=Symbol>*</FONT></A><FONT style="FONT-SIZE: 9pt" lang=EN-US face=Arial>* Calvert Investment Management, Inc. was named Calvert Asset Management Company, Inc. prior to 4/30/11.</FONT></P>
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<P style="MARGIN: 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial>Shareholder Measure #4 asks that Urban Outfitters &#147;take every reasonable step to ensure that women and minority candidates are in the pool from which Board nominees are chosen; Publicly commit itself to a policy of Board inclusiveness to ensure that:&nbsp; Women and minority candidates are routinely sought as part of every Board search the company undertakes; The Board strives to obtain diverse candidates by expanding director searches to include nominees from both corporate positions beyond the executive suite and non-traditional environments such government, academia, and non-profit organizations; and Board composition is reviewed periodically to ensure that the Board reflects the knowledge, experience, skills, expertise, and diversity required for the Board to fulfill its duties.&#148; </FONT></P>
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<P style="MARGIN: 0pt"><B><U><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial>ABOUT CALVERT INVESTMENTS</FONT></U></B></P>
<P style="MARGIN: 0pt"><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=EN-US face=Arial></FONT></B>&nbsp;</P>
<P style="MARGIN: 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial>A leader in Sustainable and Responsible Investments (SRI), Calvert Investments offers investors among the widest choice of SRI strategies of any investment management company in the United States.&nbsp; Each SRI strategy employs one of three proprietary approaches.&nbsp; Calvert Signature<SUP>&#174;</SUP> Strategies integrate two distinct research frameworks: a rigorous review of financial performance plus a thorough assessment of environmental, social and governance performance.&nbsp; Only when a company meets Calvert standards for both frameworks will we consider investing.&nbsp; Calvert Solution<SUP>&#174;</SUP> Strategies selectively invest in companies that produce products and services designed to solve some of today's most pressing sustainability challenges. Calvert SAGE<SUP>&#153;</SUP> Strategies emphasize strategic engagement to advance environmental, social and governance performance in companies that may not meet Calvert standards today, but have the potential to improve.&nbsp; More information on Calvert SRI strategies is available at www.Calvert.com/SRI.</FONT></P>
<P style="MARGIN: 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial></FONT>&nbsp;</P>
<P style="MARGIN: 0pt"><B><U><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial>CONTACT:</FONT></U></B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial>&nbsp; Ailis Wolf, for Calvert, (703) 276-3265 or aawolf@hastingsgroup.com.</FONT></P>
<P style="MARGIN: 0pt"><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=EN-US face=Arial></FONT></B>&nbsp;</P>
<P style="MARGIN: 0pt"><B><U><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial>EDITOR&#146;S NOTE:</FONT></U></B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial>&nbsp; A streaming audio replay of this news event will be available on the Web at http://www.calvert.com as of 6 p.m. EDT on May 11, 2011.</FONT></P>
<P style="MARGIN: 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial></FONT>&nbsp;</P>
<P style="MARGIN: 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial>Calvert Investment Management, Inc.*,</FONT>
<A href="#_ftn2" name=_ftnref2><FONT style="VERTICAL-ALIGN: super" face="Times New Roman"><U><FONT style="FONT-SIZE: 10pt" lang=EN-US color=#ffffff face=Symbol>*</FONT></U></FONT></A><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial>4550 Montgomery Avenue, Suite 1000N, Bethesda, MD 20814 (05/11, 11180).&nbsp; </FONT></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, NEWSPAPERS, MAGAZINES, TELEVISION PROGRAMMING, 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 INVESTMENT MANAGEMENT, INC. (C.I.M.), ANY REGISTERED INVESTMENT COMPANY THAT HAS RETAINED C.I.M. AS ITS INVESTMENT ADVISER (EACH A CALVERT FUND) OR THE CONNECTICUT RETIREMENT PLANS AND TRUST FUNDS (CRPTF). </FONT></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&nbsp;</FONT><B><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face="Times New Roman">PLEASE DO NOT SEND YOUR PROXY TO C.I.M., 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 C.I.M., 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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<A href="#_ftnref2" name=_ftn2><FONT style="FONT-SIZE: 9pt; VERTICAL-ALIGN: super" lang=EN-US color=#ffffff face=Symbol>*</FONT></A><FONT style="FONT-SIZE: 9pt" lang=EN-US face=Arial>&nbsp;* Calvert Investment Management, Inc. was named Calvert Asset Management Company, Inc. prior to 4/30/11.</FONT></P>
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