Liquidation: RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT

Form Type: 497

Filing Date: 2025-02-25

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525033563

Filing Summary: This supplement updates and amends certain information contained in the variable annuity product prospectuses. The Goldman Sachs Variable Insurance Trust's Board of Trustees has approved the liquidation of the Goldman Sachs Multi-Strategy Alternatives Portfolio, with the liquidation scheduled for approximately April 11, 2025. The decision was made after careful consideration, determining it to be in the best interests of the Fund and its shareholders. This fund will suspend the offering of its shares on or about April 7, 2025. Shareholders can redeem their investment at any time before the liquidation date, while any remaining contract value will be transferred to the Columbia Variable Portfolio – Government Money Market Fund without charge. Furthermore, there are provisions detailing transfer options and limitations for 30 and 90 days post-liquidation, ensuring a smooth transition for shareholders.

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Form Type: 497

Filing Date: 2025-02-25

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525033565

Filing Summary: This supplement updates and amends certain information contained in the current variable annuity product prospectus for various RiverSource products. It announces the approval by the Board of Trustees of the Goldman Sachs Variable Insurance Trust to liquidate the Goldman Sachs Multi-Strategy Alternatives Portfolio (the 'Fund'). The liquidation is deemed advisable and in the best interest of the Fund and its shareholders. The Fund will be liquidated on or about April 11, 2025 ('Liquidation Date'), and the offering of shares will be suspended around April 7, 2025. Shareholders will receive a distribution equal to the net asset value of their shares on the Liquidation Date and can redeem their investments until that date. Remaining Contract value on the Liquidation Date will transfer to the Columbia Variable Portfolio – Government Money Market Fund without charge, after which the liquidating Fund will no longer be available as an investment option. Additional provisions for transferring Contract value are detailed for 30 and 90 days following the Liquidation Date.

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Form Type: 497

Filing Date: 2025-02-25

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525033566

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. The liquidation is in the best interest of the Fund and its shareholders, and is set to occur on or about April 11, 2025. As part of the liquidation process, the Fund will suspend the offering of its shares to investors around April 7, 2025. Shareholders will receive a distribution equal to the net asset value of the Fund shares on the Liquidation Date. Investors with Contract Value in the Fund have the option to transfer their investments to other available options before the Liquidation Date. Remaining funds will be transferred to the Columbia Variable Portfolio – Government Money Market Fund without charges, which will also allow for contract value surrenders and transfers post-liquidation without additional fees for specified periods. The document emphasizes the importance of retaining this information for future reference.

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Form Type: 497

Filing Date: 2025-02-25

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525033572

Filing Summary: This document is a supplement dated February 25, 2025, to the prospectuses and summary prospectuses for the RiverSource variable annuity products. It announces the liquidation of the Goldman Sachs Multi-Strategy Alternatives Portfolio, which the Board of Trustees approved during a meeting on December 11-12, 2024. The liquidation will occur on or about April 11, 2025, following a Plan of Liquidation approved by the Board. The offering of shares to new investors will end on or about April 7, 2025. Shareholders will receive a distribution equal to the net asset value of their shares on the liquidation date. Until then, shareholders can redeem their investment or transfer their contract value to other investments without restrictions on transfer limitations. After the liquidation, any remaining contract value will transfer to the Columbia Variable Portfolio – Government Money Market Fund without charge, and the impacted fund will no longer be available as an investment option. This supplement must be read carefully and retained for future reference.

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Form Type: 497

Filing Date: 2025-02-25

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525033573

Filing Summary: A Supplement dated February 25, 2025, provides updates and amendments to various variable annuity product prospectuses. Notably, the Board of Trustees of the Goldman Sachs Variable Insurance Trust has approved the liquidation of the Goldman Sachs Multi-Strategy Alternatives Portfolio. This decision was taken after careful consideration, concluding that liquidation is in the best interest of the Fund and its shareholders. The Fund is scheduled for liquidation on or about April 11, 2025, with a suspension of share offerings expected to occur on or about April 7, 2025. Shareholders will receive a liquidating distribution equaling the net asset value of their shares on the Liquidation Date. Prior to this date, shareholders can redeem investments at any time, and any remaining contract values will be transferred to the Columbia Variable Portfolio – Government Money Market Fund without charge. Additionally, certain provisions allow for surrender and transfer of contract values post-liquidation without penalties for a limited time.

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Form Type: 497

Filing Date: 2025-02-25

Corporate Action: Liquidation

Type: New

Accession Number: 000119312525033575

Filing Summary: This document serves as a supplement dated February 25, 2025, to the prospectuses and summary prospectuses associated with RiverSource variable annuity products. It details the Board of Trustees of the Goldman Sachs Variable Insurance Trust's decision to liquidate the Goldman Sachs Multi-Strategy Alternatives Portfolio effective on or about April 11, 2025. The Board determined this course of action was in the best interest of the Fund and its shareholders. As part of the liquidation, the offering of shares will cease on approximately 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 shares prior to this date, and those with Contract Value in the Fund can transfer their funds to other investment options without penalty. Unused funds will automatically be transferred to the Columbia Variable Portfolio – Government Money Market Fund on the Liquidation Date, which will not count against transfer limits for 30 and 90 days following the Liquidation Date. The liquidating Fund will no longer be an available option for investment after this date.

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Form Type: 497

Filing Date: 2025-02-25

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525033578

Filing Summary: On December 11-12, 2024, the Board of Trustees of the Goldman Sachs Variable Insurance Trust approved a proposal to liquidate the Goldman Sachs Multi-Strategy Alternatives Portfolio, a series of the Trust, which will be liquidated on or about April 11, 2025. The decision comes after careful consideration, and it is deemed to be in the best interest of the Fund and its shareholders. The offering of shares will cease on or about April 7, 2025, and shareholders will receive a distribution equal to the net asset value of the Fund shares on the Liquidation Date. Investors have the opportunity to redeem investments in the Fund prior to this date. Any remaining Contract Value in the Fund on the Liquidation Date will automatically transfer to the Columbia Variable Portfolio – Government Money Market Fund without any charge. Subsequently, investors may surrender or transfer this value without charge during specified periods post-liquidation. This supplement updates and amends information in the current variable annuity product prospectus, which should be retained for future reference.

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Form Type: 497VPI

Filing Date: 2025-02-25

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525033582

Filing Summary: The document is a supplement dated February 25, 2025, to the prospectuses and summary prospectuses for various RiverSource variable annuity products. It announces the Board of Trustees of the Goldman Sachs Variable Insurance Trust's decision to liquidate the Goldman Sachs Multi-Strategy Alternatives Portfolio. The liquidation is set to occur on or about April 11, 2025, following a Plan of Liquidation approved by the Board. Shareholders will receive distributions equal to the net asset value of their shares. Investors can redeem their investments in the fund prior to the liquidation date or transfer allocated contract value to other investment options without affecting transfer limitations. After the liquidation date, remaining assets will be transferred to the Columbia Variable Portfolio – Government Money Market Fund. The supplement highlights that the prior terms and information in the prospectus remain unchanged except as modified in this document.

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Form Type: 497VPI

Filing Date: 2025-02-25

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525033584

Filing Summary: The document serves as a supplement dated February 25, 2025, to the prospectuses and summary prospectuses of various RiverSource variable annuity products. It updates shareholders regarding the liquidation of the Goldman Sachs Multi-Strategy Alternatives Portfolio, a series of the Goldman Sachs Variable Insurance Trust. The Board of Trustees approved the liquidation at a meeting held on December 11-12, 2024, determining it to be in the best interest of the Fund and its shareholders. The liquidation is scheduled for April 11, 2025, with a suspension of share offerings on or about April 7, 2025. Shareholders may redeem their investments anytime before the Liquidation Date and any remaining funds will be transferred to the Columbia Variable Portfolio – Government Money Market Fund without charge. The document emphasizes that all other terms from the original prospectus remain unchanged.

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Form Type: 497VPI

Filing Date: 2025-02-25

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525033604

Filing Summary: On February 25, 2025, RiverSource of New York Variable Annuity Account issued a supplement to its prospectuses detailing the liquidation of the Goldman Sachs Multi-Strategy Alternatives Portfolio (the Fund). The Board of Trustees of the Goldman Sachs Variable Insurance Trust approved this action on December 11-12, 2024, citing various factors that led to the conclusion that liquidation is in the best interest of the Fund and its shareholders. The Fund is slated to be liquidated on or about April 11, 2025. As of April 7, 2025, the Fund will suspend share offerings. Shareholders will receive a distribution equal to the net asset value of their Fund shares on the Liquidation Date. Contract holders can redeem their investments prior to this date and make transfers to alternative investment options without restrictions. After the Liquidation Date, any remaining amounts in the Fund will automatically move to the Columbia Variable Portfolio – Government Money Market Fund.

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Form Type: 497VPU

Filing Date: 2025-02-25

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525033588

Filing Summary: On February 25, 2025, a supplement was issued regarding the liquidation of the Goldman Sachs Multi-Strategy Alternatives Portfolio, a series of the Goldman Sachs Variable Insurance Trust. The Board of Trustees made the decision to liquidate the Fund during a meeting held on December 11-12, 2024, determining that this course of action would be in the best interest of the Fund and its shareholders. The liquidation is scheduled to take place on or about April 11, 2025, and a Plan of Liquidation has been approved by the Board. Effective April 7, 2025, the offering of shares will be suspended, allowing shareholders to redeem their investments prior to the liquidation. Any remaining contract value in the Fund will be transferred to the Columbia Variable Portfolio – Government Money Market Fund on the Liquidation Date without charge. Shareholders can surrender contract value allocated to the Money Market Fund without charge for 30 days post-liquidation and can transfer it to other investment options for 90 days without charge.

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Form Type: 497VPU

Filing Date: 2025-02-25

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525033589

Filing Summary: This supplement, dated February 25, 2025, updates and amends information in the variable annuity product prospectuses. It announces the decision by the Board of Trustees of the Goldman Sachs Variable Insurance Trust to liquidate the Goldman Sachs Multi-Strategy Alternatives Portfolio, a series of the Trust. The liquidation will occur on or about April 11, 2025, following a Plan of Liquidation approved by the Board. The Fund's shares will be suspended as of April 7, 2025, and shareholders will receive a distribution equivalent to the net asset value of their shares on the liquidation date. Investors can redeem their shares or transfer their investments to other options until the liquidation date. After the liquidation, any remaining investments in the Fund will be transferred to the Columbia Variable Portfolio – Government Money Market Fund. This transfer will not incur charges, and further options for moving funds are available without penalties within specified time frames after the liquidation date.

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Form Type: 497VPU

Filing Date: 2025-02-25

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525033594

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. The decision was made after careful consideration, determining that liquidation is advisable for the Fund and its shareholders. The Fund is scheduled to be liquidated on or about April 11, 2025. Shareholders will receive a liquidating distribution equivalent to the net asset value of the Fund shares. The offering of shares will be suspended on or about April 7, 2025, but investors may redeem their investments prior to that date. Any remaining Contract value in the Fund on the liquidation date will be transferred to the Columbia Variable Portfolio – Government Money Market Fund without charge, which will not count towards transfer limitations. The Fund will no longer be an investment option after the liquidation date, and specific stipulations for transferring and surrendering investments post-liquidation are outlined.

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Form Type: 497VPU

Filing Date: 2025-02-25

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525033595

Filing Summary: This supplement dated February 25, 2025, provides an update to prospectuses regarding the Goldman Sachs Multi-Strategy Alternatives Portfolio. The Board of Trustees of the Goldman Sachs Variable Insurance Trust has approved a proposal to liquidate the Fund, which will occur on or about April 11, 2025. The decision was made based on careful consideration of various factors, deemed in the best interest of the Fund and its shareholders. The offering of shares will be suspended on or about April 7, 2025. Investors can redeem their shares anytime before the Liquidation Date, and any remaining value will be transferred to the Columbia Variable Portfolio – Government Money Market Fund post-liquidation. For 30 days following liquidation, contract values can be surrendered without charge; for 90 days, contract values can be transferred to other options without charge, not counting against transfer limitations.

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Form Type: 497VPU

Filing Date: 2025-02-25

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525033597

Filing Summary: The document is a supplement to the prospectuses and summary prospectuses for various RiverSource variable annuity products. It announces the approval by the Board of Trustees of the Goldman Sachs Variable Insurance Trust to liquidate the Goldman Sachs Multi-Strategy Alternatives Portfolio. The liquidation will occur around April 11, 2025, and shareholders will receive a distribution equivalent to the net asset value of their shares. The fund will cease offering shares to investors on or about April 7, 2025. Contract holders with funds allocated to this portfolio can transfer their allocation to other investment options without penalty prior to the liquidation date. Any remaining funds on the liquidation date will be transferred to the Columbia Variable Portfolio – Government Money Market Fund.

Document Link: View Document

Form Type: 497VPU

Filing Date: 2025-02-25

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525033598

Filing Summary: On February 25, 2025, a supplement to the prospectus was issued regarding the Goldman Sachs Multi-Strategy Alternatives Portfolio, a series within the Goldman Sachs Variable Insurance Trust, which the Board of Trustees resolved to liquidate. The liquidation is set to occur around April 11, 2025, with a previous suspension of shares offering on or about April 7, 2025. Shareholders will receive a distribution equal to the net asset value of their shares on the liquidation date. Investors are allowed to redeem their shares at any time until the liquidation date. Furthermore, any remaining contract value in the fund will be automatically transferred to the Columbia Variable Portfolio – Government Money Market Fund, and specific conditions are set for transferring or surrendering their assets post-liquidation. Existing investment options under the contract will no longer include the liquidating fund after the specified date.

Document Link: View Document

Form Type: 497VPU

Filing Date: 2025-02-25

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525033600

Filing Summary: This document serves as a supplement dated February 25, 2025, to the prospectuses and summary prospectuses for several variable annuity products offered by RiverSource of New York Variable Annuity Account. The key update is the Board of Trustees of the Goldman Sachs Variable Insurance Trust's approval, during a meeting on December 11-12, 2024, to liquidate the Goldman Sachs Multi-Strategy Alternatives Portfolio, effective on or about April 11, 2025. Shareholders will receive a liquidating distribution equivalent to the net asset value of the Fund shares on the Liquidation Date, and offering of shares will be suspended on or around April 7, 2025. The document also outlines options for shareholders to redeem investments prior to liquidation and states that remaining assets will be transferred to the Columbia Variable Portfolio – Government Money Market Fund without charge when liquidation occurs. There are notes about transfer options post-liquidation for a specified period.

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