M&A - NATIONWIDE MULTI FLEX VARIABLE ACCOUNT

Form Type: 497

Filing Date: 2025-01-23

Corporate Action: Merger

Type: New

Accession Number: 000119312525011072

Filing Summary: On October 23, 2024, the Board of Trustees of Nationwide Variable Insurance Trust approved the merger of the NVIT BNY Mellon Core Plus Bond Fund: Class I (the "Target Fund") with the NVIT Core Bond Fund: Class I (the "Acquiring Fund"). The merger is set to take effect on or about February 28, 2025. As part of the merger, the Target Fund will cease to accept transfers or new purchase payments and will transfer its assets to the Acquiring Fund in exchange for shares. The Acquiring Fund will take on all liabilities of the Target Fund, and the Target Fund will be removed from the prospectus, with all references replaced by the Acquiring Fund. Additionally, the prospectus is updated to include relevant details about the Acquiring Fund, including expenses and performance data as of December 31, 2023.