REORGANIZATION NOTICE: The Board of Trustees of Carillon Series Trust has approved, based upon the recommendation of Carillon Tower Advisers, Inc., the Funds’ investment adviser: (i) the combination of the Class R-3 and Class R-5 shares of the Funds into Class I shares of the Funds; (ii) the combination of the Class Y shares of the Funds into Class A shares of the Funds; and (iii) the termination of the Class R-3, Class R-5 and Class Y shares of the Funds. These changes will become effective on or about the close of business on March 1, 2024 (the “Combination Date”). Effective March 1, 2024, the Funds will no longer accept purchases of Class R-3, Class R-5 and Class Y shares. Any purchases of Class R-3, Class R-5 or Class Y shares received after February 29, 2024, such as those pursuant to a reinvestment of dividends or a periodic investment program, will be invested in Class I or Class A shares, as applicable. Please see the December 1, 2023 prospectus supplement for additional information or contact us at 1.800.421.4184. If you purchased shares of a Fund through your financial intermediary, please contact your broker-dealer or other financial intermediary for further details.

*The Carillon Family of Funds will convert class C share accounts that are more than 8 years old to class A shares on the third of each month. Shareholders may continue to purchase shares in either class, but will be required to pay a sales charge on new purchases of Class A shares.

(1) The Carillon Eagle Growth & Income Fund pays quarterly on the last business day of the calendar quarter.

(1) The Carillon Reams Core Bond Fund, Carillon Reams Core Plus Bond Fund, Carillon Reams Unconstrained Bond Fund, Carillon Chartwell Real Income Fund, and Carillon Chartwell Short Duration High Yield Fund pay monthly on the first business day of the month. If the first business day falls on a holiday, the Fund will go EX on the following business day.

(3) At a meeting held on November 19, 2021, the Board of Trustees of the Carillon Series Trust approved the reorganizations of the following series of the Trust: the Carillon ClariVest International Fund, formerly the Carillon Scout International Fund, into the Carillon ClariVest International Stock Fund. The Reorganization will take effect following the close of business on July 15, 2024. In advance of the reorganizations the Carillon ClariVest International Fund made a special distribution to its shareholders of all undistributed net income and net capital gains on July 13, 2024. Please note, the Carillon ClariVest International Stock Fund did not make a distribution.

* This is a special distribution, if needed, pre reorganization. On 1/18/2025, the Carillon Scout Small Cap Fund was renamed The Carillon Chartwell Small Cap Fund.

REORGANIZATION NOTICE: The Board of Trustees (“Board”) of Carillon Series Trust (“Trust”) approved a Plan of Reorganization and Termination (the “Reorganization Plan”) pursuant to which the Carillon Scout Small Cap Fund (the “Fund”) would be reorganized into the Carillon Chartwell Small Cap Growth Fund (the “Acquiring Fund”) (the “Reorganization”), effective on or about April 25, 2025. In connection with the Reorganization, the Board approved, among other things: (1) the appointment of Chartwell Investment Partners, LLC (“Chartwell”) to replace Scout Investments, Inc. (“Scout”) as the subadvisor for the Fund on or about January 18, 2025; (2) a change in the name of the Fund to the “Carillon Chartwell Small Cap Fund”; (3) changes to the Fund’s non-fundamental investment objective and policy with respect to the investment of 80% of its assets (plus the amount of any borrowings for investment purposes); and (4) changes to the Fund’s principal investment strategies and principal risks, each effective January 18, 2025. Please see the November 18, 2024 prospectus supplement for additional information or contact us at 800.421.4184. If you purchased shares of a Fund through your financial intermediary, please contact your broker-dealer or other financial intermediary for further details.

(1) Carillon Eagle Growth & Income Fund pays quarterly on the first business day following calendar quarter end. If the first business day falls on a holiday, the Fund will go ex on the following business day.

(2) All Carillon equity funds to include: Carillon ClariVest Capital Appreciation Fund, Carillon Eagle Mid Cap Growth Fund, Carillon Eagle Small Cap Growth Fund, Carillon Scout Mid Cap Fund, Carillon Chartwell Small Cap Fund, Carillon Chartwell Mid Cap Value Fund, Carillon Chartwell Small Cap Growth Fund, Carillon Chartwell Small Cap Value Fund, and Carillon ClariVest International Stock Fund pay annually some time in December (to be determined at a later date).

(3) All Carillon Chartwell and Reams fixed income funds pay monthly on the first business day of the month. If the first business day falls on a holiday, the Fund will go ex on the following business day.