Liquidation: RIVERSOURCE OF NEW YORK ACCOUNT 8

Form Type: 497

Filing Date: 2025-02-25

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525033613

Filing Summary: The document provides a supplement dated February 25, 2025, updating various product prospectuses for RiverSource variable annuities. It outlines a decision made by the Board of Trustees of the Goldman Sachs Variable Insurance Trust to liquidate the Goldman Sachs Multi-Strategy Alternatives Portfolio. This decision was reached during a meeting on December 11-12, 2024, after thorough consideration, deemed to be in the best interest of the Fund and its shareholders. The liquidation is scheduled for on or about April 11, 2025, after which shareholders will receive liquidating distributions equating to the net asset value of their shares. The offering of shares will be suspended on or about April 7, 2025, and contract holders may transfer any allocated value to other options prior to the liquidation date. Additionally, provisions for transferring value into other investment options after the liquidation date are included, along with options for surrendering contract value without charge for a limited time.

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Form Type: 497

Filing Date: 2025-02-25

Corporate Action: Liquidation

Type: New

Accession Number: 000119312525033614

Filing Summary: On December 11-12, 2024, the Board of Trustees of the Goldman Sachs Variable Insurance Trust approved the liquidation of the Goldman Sachs Multi-Strategy Alternatives Portfolio, effective on or about April 11, 2025. This decision was made after careful consideration of factors suggesting it is in the best interest of the Fund and its shareholders. Effective April 7, 2025, the Fund will suspend the offering of its shares to all investors. Shareholders will receive a liquidating distribution equal to the net asset value of their shares on the Liquidation Date. Investors may redeem their shares prior to the Liquidation Date or transfer their investment to other options without penalty. Remaining funds on the Liquidation Date will be transferred to the Columbia Variable Portfolio – Government Money Market Fund. The Fund will not be available as an investment option after liquidation.

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Form Type: 497

Filing Date: 2025-02-25

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525033615

Filing Summary: This supplement updates and amends certain information contained in the variable annuity product prospectus. The Board of Trustees of the Goldman Sachs Variable Insurance Trust approved the liquidation of the Goldman Sachs Multi-Strategy Alternatives Portfolio (the “Fund”) at a meeting held on December 11-12, 2024. The liquidating distribution will occur on or about April 11, 2025, after which investors can redeem their shares or transfer their investment to other available options without incurring fees. The Fund will stop offering shares around April 7, 2025, and any remaining investments will be transferred to the Columbia Variable Portfolio – Government Money Market Fund without charge. For a period following the liquidation date, investors can surrender or transfer their allocations without fee limits, as this transfer will not count towards yearly limitations.

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Form Type: 497

Filing Date: 2025-02-25

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525033617

Filing Summary: On February 25, 2025, a supplement was issued updating the prospectuses for several RiverSource variable annuity products. It details the decision by the Board of Trustees of the Goldman Sachs Variable Insurance Trust to liquidate the Goldman Sachs Multi-Strategy Alternatives Portfolio, effective around April 11, 2025. The Board concluded that this action was in the best interest of the Fund and its shareholders. The offering of shares will cease on April 7, 2025, and shareholders will receive a distribution equal to the net asset value of their shares on the Liquidation Date. Investors can redeem their investment anytime before the Liquidation Date, and any remaining contract value will be transferred to the Columbia Variable Portfolio – Government Money Market Fund. Additionally, following the Liquidation Date, there will be opportunities for investors to manage their allocations without charge for a specified period.

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Form Type: 497VPU

Filing Date: 2025-02-25

Corporate Action: Liquidation

Type: New

Accession Number: 000119312525033624

Filing Summary: The Board of Trustees of the Goldman Sachs Variable Insurance Trust approved the liquidation of the Goldman Sachs Multi-Strategy Alternatives Portfolio during a meeting on December 11-12, 2024. The liquidation is deemed advisable for the Fund and its shareholders, and will occur on or about April 11, 2025. The offering of shares will be suspended on or about April 7, 2025. Shareholders can redeem their shares prior to the liquidation date, and any remaining investment post-liquidation will be moved to the Columbia Variable Portfolio – Government Money Market Fund without charge. Shareholders have the option to surrender or transfer their holdings in the Government Money Market Fund under specific conditions for 30 and 90 days after the liquidation date.

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Form Type: 497VPU

Filing Date: 2025-02-25

Corporate Action: Liquidation

Type: New

Accession Number: 000119312525033625

Filing Summary: The document is a supplement dated February 25, 2025, detailing updates to the prospectuses for various variable annuity products. It announces that the Goldman Sachs Variable Insurance Trust's Board of Trustees has approved the liquidation of the Goldman Sachs Multi-Strategy Alternatives Portfolio. The liquidation will take place on or about April 11, 2025, following a detailed plan and after suspending the offering of shares on April 7, 2025. Shareholders can redeem their investment prior to this date, and any remaining value will be transferred to the Columbia Variable Portfolio – Government Money Market Fund after liquidation. The supplement emphasizes that existing terms in the prospectus remain unchanged except for this update.

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Form Type: 497VPU

Filing Date: 2025-02-25

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525033626

Filing Summary: On February 25, 2025, a supplement was issued that updates the prospectus for various RiverSource variable annuities. The supplement announces the Board of Trustees’ decision to liquidate the Goldman Sachs Multi-Strategy Alternatives Portfolio, effective on or about April 11, 2025. This decision was made after careful consideration of the Fund's interests and its shareholders. Shares will be suspended from offering around April 7, 2025, and a liquidating distribution will be provided based on the net asset value of the shares. Shareholders are allowed to redeem their fund investments before the Liquidation Date and may also transfer their investment to other options without incurring charges. Remaining investments in the fund after the Liquidation Date will be moved to the Columbia Variable Portfolio – Government Money Market Fund, with certain conditions for subsequent transfers and surrenders.

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Form Type: 497VPU

Filing Date: 2025-02-25

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525033628

Filing Summary: The document supplements the prospectuses for RiverSource's variable annuity products and announces the forthcoming liquidation of the Goldman Sachs Multi-Strategy Alternatives Portfolio, which is a series of the Goldman Sachs Variable Insurance Trust. The Board of Trustees, after careful consideration, found it advisable to liquidate the Fund in the best interest of its shareholders. This liquidation is scheduled for approximately April 11, 2025. Shareholders are informed that they will receive a liquidating distribution equivalent to the net asset value of their shares on the Liquidation Date. They may redeem their investments prior to this date or transfer their Contract value to available investment options without any restriction on the number of transfers. Following the Liquidation Date, any remaining shares will automatically transfer to the Columbia Variable Portfolio – Government Money Market Fund without charges. For a 30-day period post-liquidation, investors can surrender their Contract value in the Columbia fund without charge, and a 90-day transfer option exists afterward to other investment options without charges or limitations on transfers.

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