Liquidation: SEPARATE ACCOUNT A OF PACIFIC LIFE & ANNUITY CO

Form Type: 497

Filing Date: 2025-02-14

Corporate Action: Liquidation

Type: New

Accession Number: 000110465925013729

Filing Summary: This supplement announces the liquidation of the Invesco Nasdaq 100 Buffer Funds by April 30, 2025. Effective March 3, 2025, these funds will be closed to allocations by new contract owners, restricting additional investments to existing owners only. On April 17, 2025, the funds will be closed to all contract owners, prohibiting any new purchase payments or transfers into them. Upon liquidation, remaining account values in these funds will be transferred to the Fidelity VIP Government Money Market Portfolio without incurring tax liabilities or affecting account values. The investment options will permit transfers without counting towards annual transfer limits. It is also noted that post-liquidation, the Invesco Nasdaq 100 Buffer Funds will cease to exist, requiring updated allocation instructions for any pre-existing programs and ensuring that any death benefit claims made post-deadline may be rejected. Changes regarding underlying fund expenses effective February 3, 2025 are also included in the document.

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Form Type: 497VPI

Filing Date: 2025-02-14

Corporate Action: Liquidation

Type: Update

Accession Number: 000110465925013759

Filing Summary: Supplement dated February 14, 2025, to the Statutory Prospectus for Pacific Advisory Variable Annuity contracts. This supplement announces the liquidation of the Invesco Nasdaq 100 Buffer Funds, scheduled for April 30, 2025. It states that effective March 3, 2025, the funds will be closed to new allocations, impacting potential new contract owners. All existing owners will be able to continue managing their accounts but will face restrictions on allocations after April 17, 2025. On the Liquidation Date, any remaining account values in the Invesco Nasdaq 100 Buffer Funds will be moved to the Fidelity VIP Government Money Market Portfolio without any tax implications. After liquidation, references to these funds will be removed from the Prospectus. Additional details include guidelines for transfers and the update of underlying fund expense information effective February 3, 2025.

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Form Type: 497VPU

Filing Date: 2025-02-14

Corporate Action: Liquidation

Type: Update

Accession Number: 000110465925013775

Filing Summary: This supplement announces liquidations of the Invesco Nasdaq 100 Buffer Funds, which will take place on or about April 30, 2025. Contract owners are informed that as of February 28, 2025, only those with existing allocations may continue to make purchases or transfers into these funds. New contract owners will be unable to allocate account values to these investment options from March 3, 2025, and all contract owners will be barred from any allocations as of April 17, 2025. Following liquidation, any remaining account values in the Invesco Nasdaq 100 Buffer Funds will be transferred to the Fidelity VIP Government Money Market Portfolio without incurring tax liability. Contract owners are reminded to manage their account values to avoid involuntary liquidation, and updated instructions must be provided for any systematic transfer programs or death benefit claims during this period. Other changes in current expenses for funds available under the contract are also detailed.

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