The Board of Directors for Calvert Tax-Free Reserves Money Market Portfolio, a series of Calvert Tax-Free Reserves; Calvert Money Market Portfolio, a series of Calvert Social Investment FundCalvert First Government Money Market Fund, a series of First Variable Rate Fund for Government Income, and Calvert Cash Reserves Institutional Prime Fund, and together with CTFR Portfolio, CSIF Portfolio and First Government Fund, the “Merging Portfolios” and each a “Merging Portfolio”, a series of Calvert Cash Reserves, has approved the reorganization of each merging portfolio into Calvert Ultra-Short Income Fund at Calvert Investments. If approved by shareholders the merging portfolio will be merged into Class A shares of Calvert Ultra-Short Income Fund on or prior to December 31, 2013. [SEC Filing]. 

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