Liquidation: RIVERSOURCE VARIABLE ACCOUNT 10

Form Type: 497

Filing Date: 2025-02-25

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525033564

Filing Summary: This document is a supplement dated February 25, 2025, to the prospectuses and summary prospectuses of various RiverSource variable annuity products. It informs the shareholders of the Goldman Sachs Multi-Strategy Alternatives Portfolio that the Board of Trustees approved a proposal to liquidate the Fund, effective on or about April 11, 2025. The decision was based on the Board's evaluation of factors concerning the best interests of the Fund and its shareholders. On April 7, 2025, the Fund will suspend offering its shares, and shareholders will receive a liquidating distribution equivalent to the net asset value on the Liquidation Date. Shareholders can redeem their investment until the Liquidation Date, and any remaining investment will be transferred to the Columbia Variable Portfolio – Government Money Market Fund. For 30 days after the Liquidation Date, shareholders can surrender their Contract value without charge, and for 90 days post-liquidation, they can transfer their Contract value to any other available investment options without charging this transfer against any annual limits. After the Liquidation Date, the Fund will no longer be an available option for investment under the related Contracts.

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Form Type: 497

Filing Date: 2025-02-25

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525033567

Filing Summary: This document is a supplement to the prospectuses for various RiverSource variable annuity products, detailing an upcoming 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 during a meeting on December 11-12, 2024, determining it to be in the best interest of the Fund and its shareholders. The liquidation is set to occur on or about April 11, 2025, with shares being suspended for sale approximately three days prior. Shareholders will receive a distribution equivalent to the net asset value of their shares. Investors may redeem their shares any time before the liquidation date and any remaining contract values after this date will be transferred to the Columbia Variable Portfolio – Government Money Market Fund without charge. The document emphasizes the importance of reading it in conjunction with the original prospectus and outlines the procedures for affected investors.

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Form Type: 497

Filing Date: 2025-02-25

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525033568

Filing Summary: This document serves as a supplement to the prospectuses and summary prospectuses for various RiverSource Variable Annuity products. It details the decision made by the Board of Trustees of the Goldman Sachs Variable Insurance Trust on December 11-12, 2024, to liquidate the Goldman Sachs Multi-Strategy Alternatives Portfolio, effective on or about April 11, 2025. This decision was based on the best interest of the Fund and its shareholders. The portfolio will suspend offering its shares on or about April 7, 2025, and shareholders will receive a distribution equal to the net asset value of their shares on the liquidation date. Contract values in the Fund can be redeemed up until the liquidation date, and any remaining funds will be transferred to the Columbia Variable Portfolio – Government Money Market Fund without charge after the liquidation date. Additionally, it provides details on transfer options for contract holders following the liquidation date.

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Form Type: 497

Filing Date: 2025-02-25

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525033569

Filing Summary: On February 25, 2025, a supplement to the prospectuses and summary prospectuses was issued detailing a proposal by the Board of Trustees of the Goldman Sachs Variable Insurance Trust to liquidate the Goldman Sachs Multi-Strategy Alternatives Portfolio. This decision was made during a board meeting held on December 11-12, 2024, after considering various factors deemed advisable for the Fund and its shareholders. The liquidation is scheduled for on or about April 11, 2025, with the possibility of adjustments to the date at the discretion of the Trust’s officers. Shareholders will receive a distribution corresponding to the net asset value of their shares on the Liquidation Date. The offering of shares will be suspended prior to this date, and investors are allowed to redeem their investments until then. Any remaining investments in the Fund post-liquidation will be moved to the Columbia Variable Portfolio – Government Money Market Fund. The document also outlines that for limited periods post-liquidation, contract value allocated to the new fund can be surrendered or transferred without charge, not counting towards transfer limitations.

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Form Type: 497

Filing Date: 2025-02-25

Corporate Action: Liquidation

Type: New

Accession Number: 000119312525033570

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. This decision was deemed advisable for the Fund and its shareholders. The liquidation is scheduled for April 11, 2025, with the option for shareholders to redeem their investments at any time before this date. Following the liquidation, any remaining assets will be transferred to the Columbia Variable Portfolio – Government Money Market Fund without charge. The ability to transfer or surrender contract values remains open for a limited period after liquidation, ensuring shareholders have options for their funds during this transition.

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Form Type: 497

Filing Date: 2025-02-25

Corporate Action: Liquidation

Type: New

Accession Number: 000119312525033571

Filing Summary: A supplement dated February 25, 2025, updates and amends certain information related to various variable annuity products. Notably, it announces the Board of Trustees of the Goldman Sachs Variable Insurance Trust approved the liquidation of the Goldman Sachs Multi-Strategy Alternatives Portfolio, stating the decision is in the best interest of the Fund and its shareholders. The liquidation will occur on or about April 11, 2025, with a suspension of share offerings effective April 7, 2025. Shareholders will receive a liquidating distribution equal to the net asset value of their shares and can redeem their investments prior to the Liquidation Date. Any remaining Contract value will be transferred to the Columbia Variable Portfolio – Government Money Market Fund without charge after liquidation. A grace period of 30 days allows for surrender without charge, and another 90 days for other transfers without fees, post-liquidation.

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Form Type: 497

Filing Date: 2025-02-25

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525033574

Filing Summary: On February 25, 2025, a supplement to the prospectuses and summary prospectuses for various RiverSource Variable Annuity products was filed. The supplement outlines that the Goldman Sachs Variable Insurance Trust's Board of Trustees approved a proposal to liquidate the Goldman Sachs Multi-Strategy Alternatives Portfolio, effective on or about April 11, 2025. All shares will be suspended for new investments as of April 7, 2025. Shareholders can redeem their investments any time prior to the Liquidation Date. Any remaining Contract value will be transferred to the Columbia Variable Portfolio – Government Money Market Fund. Investors will continue to have options to transfer their Contract value without charge for a specified period following the Liquidation Date. This information serves to update existing product prospectuses, ensuring shareholders are informed and able to act prior to the liquidation.

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Form Type: 497

Filing Date: 2025-02-25

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525033576

Filing Summary: This document supplements the prospectuses for multiple RiverSource variable annuity products. It informs investors about a decision made by the Board of Trustees of the Goldman Sachs Variable Insurance Trust during a meeting on December 11-12, 2024, to liquidate the Goldman Sachs Multi-Strategy Alternatives Portfolio, effective on or about April 11, 2025. The Board deemed the liquidation in the best interest of the Fund and its shareholders. Shareholders can redeem their investments prior to the Liquidation Date or transfer their Contract Value to other available investment options without restriction. After the Liquidation Date, any remaining assets allocated to the Fund will be transferred to the Columbia Variable Portfolio – Government Money Market Fund. Shareholders will receive a liquidating distribution equal to the net asset value of their Fund shares. The option for the liquidated Fund will be removed after the process.

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Form Type: 497

Filing Date: 2025-02-25

Corporate Action: Liquidation

Type: New

Accession Number: 000119312525033577

Filing Summary: The document is a supplement dated February 25, 2025, updating the Prospectuses and Summary Prospectuses for the RiverSource variable annuity products. 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. The liquidation is scheduled for April 11, 2025, and the decision was made after careful consideration of factors deemed advisable for the Fund and its shareholders. The offering of shares will be suspended around April 7, 2025, and shareholders will receive a distribution equal to the net asset value of their shares on the Liquidation Date. Contract holders can redeem or transfer their investments prior to this date without impacting their transfer limits. After liquidation, remaining investments will be moved to the Columbia Variable Portfolio – Government Money Market Fund, and investment in the Fund will no longer be available.

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Form Type: 497VPI

Filing Date: 2025-02-25

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525033580

Filing Summary: This supplement updates the variable annuity product prospectus and informs shareholders of the Goldman Sachs Multi-Strategy Alternatives Portfolio's planned liquidation. The Board of Trustees approved the liquidation during their meeting on December 11-12, 2024, determining it was in the best interest of the fund and its shareholders. The liquidation is scheduled to occur on or about April 11, 2025. Shareholders can redeem their investments before the liquidation date or transfer their contract value to other available investment options without affecting transfer limits. Following the liquidation, any remaining investment will be transferred to the Columbia Variable Portfolio – Government Money Market Fund without charge. Shareholders have a 30-day period after the liquidation date to surrender values in the new fund without a fee, and 90 days to transfer funds to different options.

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Form Type: 497VPI

Filing Date: 2025-02-25

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525033583

Filing Summary: This document serves as a supplement to the current prospectuses and summary prospectuses for various RiverSource Variable Annuity products. 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 (the 'Fund'). The decision follows a meeting held on December 11-12, 2024, where the Board determined that liquidation is in the best interest of the Fund and its shareholders. The Fund's liquidation is scheduled for April 11, 2025, with the offering of its shares suspended approximately on April 7, 2025. Shareholders can redeem their investment prior to the Liquidation Date, and any remaining contract values on that date will be transferred to the Columbia Variable Portfolio – Government Money Market Fund without charge. Additional provisions for transferring or surrendering contract values post-liquidation are included. The document emphasizes the importance of understanding these updates as they affect investment options under the contracts.

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Form Type: 497VPI

Filing Date: 2025-02-25

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525033585

Filing Summary: The document serves as a supplement to the prospectuses and summary prospectuses for various RiverSource variable annuity products. It announces that at a meeting of the Board of Trustees on December 11-12, 2024, a proposal was approved to liquidate the Goldman Sachs Multi-Strategy Alternatives Portfolio. The liquidation is deemed advisable for the best interest of the Fund and its shareholders. The Fund is set to be liquidated on or about April 11, 2025, with a suspension of share offerings on or about April 7, 2025. Shareholders will be entitled to receive a liquidating distribution equal to the net asset value of their shares. Contract holders have provisions to transfer values to other investments before the Liquidation Date, and after that, remaining values will be transferred to the Columbia Variable Portfolio – Government Money Market Fund without charge. The supplement emphasizes keeping it for future reference as it modifies certain terms of the existing prospectus.

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Form Type: 497VPI

Filing Date: 2025-02-25

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525033586

Filing Summary: This document serves as a supplement to the existing 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, effective on or about April 11, 2025. The decision was made based on several considerations in the best interest of the Fund and its shareholders. The offering of shares will cease on or around April 7, 2025, and shareholders will receive liquidating distributions based on the net asset value of their shares. Prior to the liquidation date, shareholders can redeem their investment, and those with Contract Value allocated to the Fund can transfer it to other options without penalties. After liquidation, any remaining Contract value will be moved to the Columbia Variable Portfolio – Government Money Market Fund, with certain fee-free transfer options available shortly after the Liquidation Date.

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Form Type: 497VPI

Filing Date: 2025-02-25

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525033587

Filing Summary: On February 25, 2025, a supplement to the prospectuses and summary prospectuses for various RiverSource variable annuity products was issued. This document outlines the Board of Trustees' decision, made during a meeting on December 11-12, 2024, to liquidate the Goldman Sachs Multi-Strategy Alternatives Portfolio, part of the Goldman Sachs Variable Insurance Trust. The liquidation is set to occur on or about April 11, 2025, with the fund suspending its share offerings around April 7, 2025. Shareholders will receive a liquidating distribution equivalent to the net asset value of their shares, and they can redeem their investments any time before the liquidation date. Any remaining contract value in the fund will be transferred to the Columbia Variable Portfolio – Government Money Market Fund post-liquidation. Furthermore, provisions are outlined for transferring or surrendering contract values post-liquidation without incurring charges for a specified period.

Document Link: View Document

Form Type: 497VPU

Filing Date: 2025-02-25

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525033581

Filing Summary: On February 25, 2025, RiverSource Variable Account 10 filed a supplement to its prospectuses regarding the liquidation of the Goldman Sachs Multi-Strategy Alternatives Portfolio, a series within the Goldman Sachs Variable Insurance Trust. This decision was approved by the Board of Trustees during a meeting held on December 11-12, 2024, determining that liquidation is in the best interests of the Fund and its shareholders. The liquidation is scheduled to occur on or about April 11, 2025, with shares being suspended for new investments as of April 7, 2025. Shareholders will receive a liquidating distribution based on the net asset value of their shares on the liquidation date. Investors are allowed to redeem their investments prior to this date and may transfer any funds allocated to the Fund to other available options without penalties. Following the liquidation, any remaining values in the Fund will be transferred to the Columbia Variable Portfolio – Government Money Market Fund without any charge.

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Form Type: 497VPU

Filing Date: 2025-02-25

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525033590

Filing Summary: 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 made during a meeting held on December 11-12, 2024, after careful consideration of various factors. The liquidation will take place on or about April 11, 2025. From the close of business on or about April 7, 2025, the Fund will suspend the offering of its shares to investors. Shareholders will receive a liquidating distribution equivalent to the net asset value of their shares on the Liquidation Date. Shareholders can redeem their investments prior to this date, and those with Contract Value allocated to the Fund may transfer it to other investment options without incurring transfer limitations. 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. After 90 days following the Liquidation Date, transfers from the Columbia fund will also be allowed without charge.

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Form Type: 497VPU

Filing Date: 2025-02-25

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525033591

Filing Summary: This supplement updates and amends information in the current variable annuity product prospectus. It details the decision made by the Board of Trustees of the Goldman Sachs Variable Insurance Trust during a meeting on December 11-12, 2024, to liquidate the Goldman Sachs Multi-Strategy Alternatives Portfolio, a series of the Trust. The Board determined that liquidation was advisable for the best interest of the Fund and its shareholders. The Fund's liquidation is scheduled for approximately April 11, 2025. Shares will be unavailable for purchase after April 7, 2025, and shareholders will receive a distribution equal to the net asset value of their shares. Shareholders can redeem their investments up to the Liquidation Date, and any remaining assets in the Fund will be transferred to the Columbia Variable Portfolio – Government Money Market Fund without charge, removing the Fund as an investment option. Further details on investment transfers and limitations post-liquidation are also provided.

Document Link: View Document

Form Type: 497VPU

Filing Date: 2025-02-25

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525033592

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. The decision was made in the best interest of the Fund and its shareholders, and a Plan of Liquidation has been authorized. The offering of Fund shares will cease on or about April 7, 2025. Shareholders may redeem their investments before the Liquidation Date or transfer any allocated Contract Value to other investment options. After the Liquidation Date, any remaining Fund assets will be transferred to the Columbia Variable Portfolio – Government Money Market Fund without charge. Shareholders will receive a distribution equal to the net asset value of their Fund shares at the time of liquidation, and additional provisions regarding transfers and surrenders post-liquidation are clarified.

Document Link: View Document

Form Type: 497VPU

Filing Date: 2025-02-25

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525033593

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. The liquidation is deemed advisable for the best interests of the Fund and its shareholders. The Fund will be liquidated on or about April 11, 2025, with a suspension of share offerings occurring on or about April 7, 2025. Shareholders will receive a liquidating distribution equivalent to the net asset value of their shares. Investors may redeem their shares before the Liquidation Date, and any remaining investment on the Liquidation Date will be transferred to the Columbia Variable Portfolio – Government Money Market Fund without charges. Additionally, for 30 days post-Liquidation Date, investors can surrender their values allocated to the Columbia fund without charge and can transfer to other options for 90 days without restrictions on transfer limitations.

Document Link: View Document

Form Type: 497VPU

Filing Date: 2025-02-25

Corporate Action: Liquidation

Type: New

Accession Number: 000119312525033596

Filing Summary: The document is a supplement to the prospectuses and summary prospectuses related to various variable annuity products. It announces the liquidation of the Goldman Sachs Multi-Strategy Alternatives Portfolio, an investment fund under the Goldman Sachs Variable Insurance Trust. The Board of Trustees made this decision on December 11-12, 2024, after evaluating multiple factors, determining that liquidation is in the best interest of both the Fund and its shareholders. The liquidation will occur on or about April 11, 2025. Shareholders will receive a distribution equal to the net asset value of their shares, and the Fund will halt the offering of shares by April 7, 2025. Contract value allocated to the Fund can be transferred to other options before the liquidation date without affecting the Contract transfer limitations. Any remaining value will automatically transfer to the Columbia Variable Portfolio – Government Money Market Fund on the liquidation date. Furthermore, provisions are made for fee-free surrenders and transfers following the liquidation.

Document Link: View Document

Form Type: 497VPU

Filing Date: 2025-02-25

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525033599

Filing Summary: 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, during a meeting on December 11-12, 2024. The decision was made in the best interest of the Fund and its shareholders. The Fund is set to be liquidated on or about April 11, 2025. The offering of shares will be suspended on or about April 7, 2025. Shareholders will receive a liquidating distribution equal to the net asset value of their shares. Any remaining investments will automatically transfer to the Columbia Variable Portfolio – Government Money Market Fund without charge on the Liquidation Date, after which the Fund will no longer be available as an investment option.

Document Link: View Document

Form Type: 497VPU

Filing Date: 2025-02-25

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525033602

Filing Summary: The supplement dated February 25, 2025, details the liquidation of the Goldman Sachs Multi-Strategy Alternatives Portfolio (the ‘Fund’) as approved by the Board of Trustees at a meeting held on December 11-12, 2024. The liquidation is deemed advisable for the benefit of the Fund and its shareholders. The Fund is set to be liquidated on or about April 11, 2025, following a Plan of Liquidation. Shareholders will stop being able to purchase shares of the Fund on or about April 7, 2025, with the liquidating distribution on the Liquidation Date equating to the net asset value of their shares. Prior to the Liquidation Date, shareholders can redeem their investments or transfer their Contract Value to other options without incurring fees or limits on transfers. Any remaining Contract Value post-liquidation will automatically transfer to the Columbia Variable Portfolio – Government Money Market Fund without charge. For a period post-liquidation, shareholders can surrender or transfer their investments without penalty. The Fund will cease to exist as an investment option thereafter.

Document Link: View Document

Form Type: 497VPU

Filing Date: 2025-02-25

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525033603

Filing Summary: This document serves as a supplement dated February 25, 2025, to the prospectuses and summary prospectuses for various RiverSource variable annuity products. It details the decision made by the Board of Trustees of the Goldman Sachs Variable Insurance Trust to liquidate the Goldman Sachs Multi-Strategy Alternatives Portfolio. The Board has determined that liquidating the Fund is in the best interest of the Fund and its shareholders. The liquidation is set to occur on approximately April 11, 2025, with the offering of shares being suspended on or about April 7, 2025. Shareholders may redeem their investments in the Fund until the Liquidation Date or may transfer their Contract Value to other investment options without restriction 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, and the Fund will cease to be an investment option thereafter. Details regarding the liquidating distribution and options available post-liquidation are also provided. Investors are advised to read and retain this supplement for future reference.

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