# EDGAR Filing Document

**Accession Number:** 0000822671
**File Stem:** 0000928816-23-000130
**Filing Date:** 2023-1
**Character Count:** 2846
**Document Hash:** 207de7c79761bcfa8015882a0b4aa3f6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000928816-23-000130.hdr.sgml**: 20230131

**ACCESSION NUMBER**: 0000928816-23-000130

**CONFORMED SUBMISSION TYPE**: 497K

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230131

**DATE AS OF CHANGE**: 20230131

**EFFECTIVENESS DATE**: 20230131

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PUTNAM VARIABLE TRUST
- **CENTRAL INDEX KEY:** 0000822671
- **IRS NUMBER:** 046649095
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 497K
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 033-17486
- **FILM NUMBER:** 23571202

**BUSINESS ADDRESS:**
- **STREET 1:** 100 FEDERAL STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110
- **BUSINESS PHONE:** 6172921000

**MAIL ADDRESS:**
- **STREET 1:** 100 FEDERAL STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PUTNAM CAPITAL MANAGER TRUST /MA/
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Putnam VT Multi-Asset Absolute Return Fund (Series ID: S000032103)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000099977 | Class IA     |  |
| C000099978 | Class IB     |  |

---

| | |
|:---|:---|
| Prospectus Supplement | *January 31, 2023* |
| **Putnam VT Multi-Asset Absolute Return Fund** |  |
| Prospectuses dated April 30, 2022 |  |

---

At a meeting held on January 27, 2023, the Board of Trustees of Putnam Variable Trust (the "Trust") approved a plan to liquidate Putnam VT Multi-Asset Absolute Return Fund (the "Fund"), a series of the Trust (the "Plan"), upon recommendation by Putnam Investment Management, LLC, the Fund's investment adviser. The liquidation of the Fund is expected to occur on or about April 21, 2023 (the "Liquidation Date"), although the Fund may make dispositions of portfolio holdings prior to the Liquidation Date.

Effective as of April 20, 2023, the Fund will be closed to new contract holder purchases, other than the automatic reinvestment of dividends, in anticipation of the liquidation. Contract holders can submit redemption requests at any time on or before the close of business on April 20, 2023 at the then-current net asset value.

As soon as reasonably practicable after the Liquidation Date, after the payment of (or provision for) all charges, taxes, expenses and liabilities, whether due or accrued or anticipated, of the Fund, and after determination of any dividend(s) to be paid pursuant to the Plan, the Fund will liquidate its remaining assets and distribute cash pro rata to all remaining shareholders as of April 21, 2023 who have not previously redeemed all of their Fund shares.

Contract holders should consult their tax advisors about the tax implications of the liquidation of the Fund. ![](vtmaarsuppx1x1.jpg) <br>

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