Liquidation: FIDELITY ADVISOR SERIES VII

Form Type: 497

Filing Date: 2025-02-14

Corporate Action: Liquidation

Type: Update

Accession Number: 000031570025000008

Filing Summary: The Board of Trustees of Fidelity Advisor® Global Real Estate Fund approved a plan of liquidation on January 15, 2025. Post-approval, the fund will cease pursuing its stated investment objective, and its assets will be managed to ensure sufficient liquidity leading to liquidation. The scheduled liquidation date is approximately May 9, 2025. From January 31, 2025, new positions in the fund will not be permitted, although existing shareholders can continue to augment their holdings. Only specified investors, including certain retirement plan participants and qualified intermediaries, may open new positions in exceptional scenarios. As of February 14, 2025, the prohibition on new positions will remain in effect, while existing shareholders may still acquire additional shares through dividend and capital gain reinvestments until liquidation.

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Form Type: 497

Filing Date: 2025-01-17

Corporate Action: Liquidation

Type: New

Accession Number: 000031570025000003

Filing Summary: On January 15, 2025, the Board of Trustees approved a plan of liquidation for the Fidelity Advisor® Global Real Estate Fund. Following this approval, the fund will cease pursuing its stated investment objectives and will manage its assets to ensure sufficient liquidity prior to liquidation. The expected date for liquidation is on or about May 9, 2025. Effective January 31, 2025, no new positions in the fund will be permitted, although existing shareholders can continue to add to their current positions. Those who weren’t shareholders as of this date will generally be prohibited from purchasing shares of the fund, with certain exceptions for specific types of qualified plans and accounts. After February 14, 2025, the restrictions on opening new positions will be enforced, though existing shareholders will have the ability to retain their shares and reinvest dividends and capital gains until the liquidation occurs.

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Form Type: 497K

Filing Date: 2025-01-17

Corporate Action: Liquidation

Type: New

Accession Number: 000031570025000004

Filing Summary: On January 15, 2025, the Board of Trustees approved a plan of liquidation for the Fidelity Advisor® Global Real Estate Fund. Post-approval, the fund will cease pursuing its stated investment objective, and its assets will be managed to ensure sufficient liquidity ahead of liquidation. The expected liquidation date is on or about May 9, 2025. As of the close of business on January 31, 2025, new positions in the fund will no longer be allowed. Existing shareholders can still add to their positions but new investors generally will not be permitted to purchase shares post this date, with some specific exceptions outlined for qualified accounts and plans. Effective after February 14, 2025, no new positions may be established, although existing shareholders can continue holding and purchasing shares through dividend and capital gain reinvestments until liquidation.

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