CHICAGO & BOCA RATON, Fla.--(BUSINESS WIRE)--Incapital LLC, a leading underwriter and distributor of fixed income securities, announced today that over $400 million of Calvert Impact Capital Community Investment Notes® has been distributed through Incapital's network of broker-dealers and financial advisors. The volume of Notes distributed for Calvert Impact Capital is up more than 30% annually over the past three years, and 2017 volume set a record high.
The Calvert Impact Capital Note program first became available through Incapital in November 2005. Calvert Impact Capital uses the proceeds from the Notes program to invest in organizations in the U.S. and more than 80 countries that create affordable housing, finance small businesses, develop renewable energy solutions, and provide essential community services.
In 2014, Calvert Impact Capital became the first issuer on Incapital’s Legacy™ Platform, which provides issuers and financial professionals the opportunity to offer products to investors that align financial goals with personal principles through values-based investing.
“This milestone, and increasing volume, reflect investors’ growing desire to be more targeted and intentional with their investments. By supporting results-driven causes, investors are given the opportunity to be part of positive social changes in areas they feel a strong commitment,” said Incapital CEO John DesPrez III. “Incapital is committed to our leadership in values-based investing programs through our Legacy™ platform and we’re proud to have long-term relationships with organizations like Calvert Impact Capital that make such a positive impact on our communities.”
In 2016, Calvert Impact Capital’s portfolio organizations created and/or preserved more than 35,000 affordable housing units, along with more than 11,000 jobs across thousands of small businesses, according to Calvert Impact Capital data. The record sales enabled Calvert Impact Capital to lend over $120 million to mission-driven organizations last year alone.
Calvert Impact Capital’s President and CEO Jennifer Pryce said, “Incapital’s partnership over the past twelve years has been critical in growing our Community Investment Notes® program and increasing our investments in organizations creating social and environmental impact. We celebrate this milestone with them and look forward to growing our relationship with Incapital in the years to come.”
For more information about the Incapital Legacy™ platform, visit www.incapital.com/legacy.
About Incapital LLC
Incapital was founded in 1999 and today is a leading underwriter and distributor of securities to more than 800 broker-dealers, institutions, asset managers, RIAs and banks. The firm represents more than 300 issuing entities and has underwritten more than $430 billion in securities. Since expanding the capital markets product base in 2012 to include preferred stock, Incapital has participated in the underwriting of nearly $36 billion in corporate debt and preferred stock. The firm is headquartered in Chicago, IL and has a principal office in Boca Raton, FL. Further information is available at www.incapital.com.
Incapital is proud to serve as underwriter for Calvert Impact Capital. The firms are not affiliates. The information contained herein does not constitute an offer to sell or a solicitation of an offer to buy securities. Investment products described herein may not be offered for sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful or prohibited by the specific offering documentation. You may obtain these documents by calling Incapital toll-free at 1-800-327-1546.
About Calvert Impact Capital
Calvert Impact Capital invests to create a more equitable and sustainable world. Through our products and services, we raise capital from individual and institutional investors to finance intermediaries and funds that are investing in communities left out of traditional capital markets. During our 22-year history, we have mobilized nearly $2 billion of investor capital. Learn more at www.calvertimpactcapital.org.