Liquidation: COLUMBIA FUNDS VARIABLE INSURANCE TRUST

Form Type: 497

Filing Date: 2025-02-07

Corporate Action: Liquidation

Type: New

Accession Number: 000119312525022403

Filing Summary: Effective at the close of business on February 7, 2025, the Class 1 shares of Columbia Funds Variable Insurance Trust's Variable Portfolio - Managed Risk Fund and Variable Portfolio - Managed Risk U.S. Fund will be liquidated. Consequently, all references to Class 1 shares are deleted from the Prospectus, Summary Prospectus, and Statement of Additional Information (SAI) associated with these funds. Shareholders are advised to retain the Supplement dated February 7, 2025, for future reference.

Form Type: 497K

Filing Date: 2025-02-07

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525022405

Filing Summary: Effective at the close of business on February 7, 2025, Class 1 shares of the Funds under Columbia Funds Variable Insurance Trust will be liquidated. All references to Class 1 shares will be deleted from the Prospectus, Summary Prospectus, and Statement of Additional Information (SAI) dated May 1, 2024. Shareholders are advised to retain this Supplement for future reference.

Form Type: 497K

Filing Date: 2025-02-07

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525022406

Filing Summary: Effective at the close of business on February 7, 2025, the Class 1 shares of the Columbia Funds Variable Insurance Trust are being liquidated. All references to Class 1 shares have been removed from the Prospectus, Summary Prospectus, and Statement of Additional Information. Shareholders are advised to retain this Supplement for future reference.