Cut Carbon Note

Impact and Financial Reports

We offer bi-annual impact and financial reports for the Cut Carbon Note® portfolio.

Bi-Annual Impact Reports

December 2025 Report

June 2025 Report

December 2024 Report

June 2024 Report

Bi-Annual Financial Reports

December 2025 Repor t

June 2025 Report

Cut Carbon Prepayment Runs by CUSIP - Illustrative cash flows under potential CPACE Asset prepayment scenarios

December 2024 Report (for all investors/cusips)

June 2024 Report

Impact Disclosures, Verifications, and Opinions

2025 Disclosure and Verifier's Statement for the Operating Principles for Impact Management

2024 Disclosure and Verifier's Statement for the Operating Principles for Impact Management

2023 Disclosure and Verifier's Statement for the Operating Principles for Impact Management

S&P Green Bond Principles Alignment Evaluation

Ratings Reports

Morningstar DBRS Series 2025-1 Rating Report

Morningstar DBRS Series 2024-1 Rating Report

Morningstar DBRS Series 2023-1 Rating Report

European Securitization Reporting

Cut Carbon ESMA Annex XII

Cut Carbon ESMA Annex IX

Audited Financials

2024 Audited Financial Statements

2023 Audited Financial Statements

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Contact

7550 Wisconsin Avenue 8th Floor Bethesda, Maryland 20814

Phone: 800-248-0337
Fax: 301-576-8444
info@calvertimpact.org

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Calvert Impact Capital, Inc., a 501(c)(3) nonprofit and a subsidiary of Calvert Impact, Inc., offers the Community Investment Note. Calvert Impact Climate, Inc., a 501(c)(3) nonprofit and a subsidiary of Calvert Impact, Inc., offers the Cut Carbon Note. The Community Investment Note and Cut Carbon Note are subject to certain risks, are not mutual funds, are not FDIC or SIPC insured, and should not be confused with any Calvert Research and Management-sponsored investment product. The Community Investment Notes and the Cut Carbon Notes are debt securities subject to the terms, conditions and risks described in the current prospectus, prospectus supplement(s) and pricing supplements, as applicable, including risk of possible loss of the amount invested. Payment is dependent on the issuer’s financial condition at the time payment is due. Any decision to invest in these securities through this Site should only be made after reading the applicable prospectus, prospectus supplement(s) and pricing supplement or by calling 800-248-0337.

This is not an offer to sell you our securities and we are not soliciting you to buy our securities. The offering is made solely by the Prospectus. We will offer and sell our securities only in states where authorized.