Northern Lights Variable Trust

Form Type: 497

Filing Date: 2024-12-19

Corporate Action: Liquidation

Type: New

Accession Number: 000158064224007695

Comments: The Board of Trustees of Northern Lights Variable Trust has determined that it is in the best interests of the Portfolio and its shareholders for the BTS Tactical Fixed Income VIT Fund to cease operations. The Portfolio will close and redeem all outstanding shares by April 1, 2025. Until that date, the Portfolio will attempt to pursue its investment objective but may liquidate assets earlier and invest in cash equivalents. Capital gains will be distributed to shareholders as soon as practicable. Shareholders can transfer their shares before the closure date without federal income tax consequences, otherwise their shares will be automatically redeemed.

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