M&A - LINCOLN NEW YORK ACCOUNT N FOR VARIABLE ANNUITIES

Form Type: 497VPI

Filing Date: 2025-06-20

Corporate Action: Merger

Type: New

Accession Number: 000072686525000483

Filing Summary: This Supplement outlines a significant change to the investment options under individual annuity contracts with Lincoln Life & Annuity Company of New York. An agreement has been approved to merge the LVIP Invesco Select Equity Income Managed Volatility Fund into the LVIP BlackRock Dividend Managed Volatility Fund. This merger is termed a Reorganization and is not expected to be a taxable event for contract owners. Further proxy materials detailing the merger will be issued to contract owners who are shareholders as of May 1, 2025, with a shareholder meeting scheduled for approximately July 31, 2025, to vote on the Reorganization. The closing of the Reorganization is anticipated around August 1, 2025. Contract owners are allowed to transfer out of the Fund before this closing date and may switch to other investment options available. The investment objectives of the Acquiring Fund are similar to those of the Fund being merged.

Form Type: 497VPI

Filing Date: 2025-06-20

Corporate Action: Merger

Type: New

Accession Number: 000072686525000485

Filing Summary: This Supplement outlines a change to the investment options under individual annuity contracts. The Board of Trustees of Lincoln Variable Insurance Products Trust has approved an Agreement and Plan of Reorganization to merge the LVIP Invesco Select Equity Income Managed Volatility Fund into the LVIP BlackRock Dividend Managed Volatility Fund. This Reorganization is not expected to be a taxable event for Contractowners, and proxy materials regarding the details of the Reorganization will be distributed to shareholders as of the record date of May 1, 2025. A shareholders' meeting to consider the Reorganization is scheduled for July 31, 2025, and the completion of the Reorganization is expected by August 1, 2025. Contractowners can transfer out of the Fund prior to the closing date and must refer to the product prospectus for further details on other investment options and transfer provisions.

Form Type: 497VPI

Filing Date: 2025-06-20

Corporate Action: Merger

Type: New

Accession Number: 000072686525000487

Filing Summary: This Supplement outlines a change to the investment options under individual annuity contracts for the Lincoln New York Account N for Variable Annuities. The Board of Trustees of Lincoln Variable Insurance Products Trust has approved an Agreement and Plan of Reorganization to merge the LVIP Invesco Select Equity Income Managed Volatility Fund (the 'Fund') into the LVIP BlackRock Dividend Managed Volatility Fund (the 'Acquiring Fund'). This merger, referred to as the Reorganization, is not expected to be a taxable event for Contractowners. Shareholder approval is required for the Reorganization, and proxy materials will be provided to those shareholders as of the Record Date of May 1, 2025. A meeting to consider the Reorganization is scheduled for approximately July 31, 2025, with completion expected on or about August 1, 2025. Contractowners have the ability to transfer out of the Fund prior to the Closing Date and can access other investment options available under their Contracts. The investment objectives, policies, and risks of the Acquiring Fund are similar to those of the Acquired Fund. Further details regarding the Acquiring Fund and associated fees can be found in the fund’s prospectus.

Form Type: 497VPU

Filing Date: 2025-06-20

Corporate Action: Merger

Type: New

Accession Number: 000072686525000465

Filing Summary: On June 20, 2025, Lincoln Variable Insurance Products Trust approved a Reorganization to merge the LVIP Invesco Select Equity Income Managed Volatility Fund into the LVIP BlackRock Dividend Managed Volatility Fund. This merger is not anticipated to be a taxable event for Contractowners. Proxy materials with more information about the Acquiring Fund and the Reorganization details will be distributed to shareholders of the Fund as of the Record Date, May 1, 2025. A shareholder meeting is scheduled for July 31, 2025, with the Reorganization expected to finalize on August 1, 2025. Contractowners are advised they may transfer out of the Fund prior to the Closing Date and review their product prospectus for additional investment options. The investment objectives and risks of the Acquiring Fund closely mirror those of the Acquired Fund.