# EDGAR Filing Document

**Accession Number:** 0001721413
**File Stem:** 0001193125-23-041862
**Filing Date:** 2023-2
**Character Count:** 51468
**Document Hash:** 0124ec8754a6fe5957421c86064fd825
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-041862.hdr.sgml**: 20230217

**ACCESSION NUMBER**: 0001193125-23-041862

**CONFORMED SUBMISSION TYPE**: N-23C3A

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20230217

**FILED AS OF DATE**: 20230217

**DATE AS OF CHANGE**: 20230217

**EFFECTIVENESS DATE**: 20230217

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Thrivent Church Loan & Income Fund
- **CENTRAL INDEX KEY:** 0001721413
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** N-23C3A
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 817-01364
- **FILM NUMBER:** 23641755

**BUSINESS ADDRESS:**
- **STREET 1:** 901 MARQUETTE AVENUE, SUITE 2500
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55402-3211
- **BUSINESS PHONE:** 612-844-7190

**MAIL ADDRESS:**
- **STREET 1:** 901 MARQUETTE AVENUE, SUITE 2500
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55402-3211

**United States** 

**Securities and Exchange Commission** 

**Washington, D.C. 20549** 

**Form N-23c-3** 

**Notification of Repurchase Offer** 

**Pursuant to Rule 23c-3** 

1. Investment Company Act File Number: 811-23362

Date of Notification: February 17, 2023

2. Exact name of investment company as specified in registration statement:

Thrivent Church Loan and Income Fund

3. Address of principal executive office:

901 Marquette Avenue, Suite 2500

Minneapolis, Minnesota 55402-3211

A. ☒ The notification pertains to a periodic repurchase offer under paragraph (b) of Rule 23c-3.

B. ☐ The notification pertains to a discretionary repurchase offer under paragraph (c) of Rule 23c-3.

C. ☐ The notification pertains to a periodic repurchase offer under paragraph (b) of Rule 23c-3 and a discretionary repurchase offer under paragraph (c) of Rule 23c-3.

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| | |
|:---|:---|
|  By:<br>| ![LOGO](g414267dsp001.jpg) <br>|
|  Name: John D. Jackson | Name: John D. Jackson |
|  Title: Secretary and Chief Legal Officer | Title: Secretary and Chief Legal Officer |

---

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| | |
|:---|:---|
|  [Customer Name | RE: [BEN_CTRC_NBR] |
|  Customer Street Address | [BEN_CTRC_NBR] |
|  Customer City, State Zip] | [BEN_CTRC_NBR] |

---

**THRIVENT CHURCH LOAN AND INCOME FUND** 

**SHAREHOLDER REPURCHASE OFFER NOTICE** 

February 17, 2023

Dear Shareholder,

This notice is to inform you of the upcoming repurchase offer by Thrivent Church Loan and Income Fund (the "<u>Fund</u>"). To provide shareholders with periodic liquidity, the Fund has a quarterly share repurchase program to repurchase a portion of its outstanding shares at Net Asset Value ("<u>NAV</u>") on a specified repurchase date, as discussed in the enclosed Repurchase Offer Terms. **Please note that effective February 1, 2023, the Fund has been closed to any new investment. Management of the Fund plans to recommend that the Fund be wound down and liquidated in an orderly manner, subject to approval by the Board of Trustees. Therefore, it is possible that this offer constitutes the last repurchase offer prior to the Fund commencing an orderly liquidation in which all shareholders will be paid out in full.**

If you are interested in tendering your shares for repurchase, please complete the Repurchase Offer Request form enclosed.

All Repurchase Offer Requests must be submitted to and received by the Fund by the repurchase offer deadline noted in the enclosed Repurchase Offer Terms. Please allow an appropriate amount of time for your request to reach the Fund.

There can be no assurance that the Fund will be able to repurchase all the shares that you tender even if you tender all the shares that you own. If you need assistance, please call the Thrivent Funds Interaction Center at 800-847-4836. Our office hours are Monday through Friday, 7 a.m. to 6 p.m. Central time.

Sincerely,

![LOGO](g414267dsp002.jpg)

David S. Royal

President, Thrivent Church Loan and Income Fund

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**Overview of February 17, 2023 Repurchase Offer** 

*Below is a summary of the repurchase offer for the Thrivent Church Loan and Income Fund. This is only a summary and investors should contact their Authorized Intermediary (defined below) and review the enclosed "Repurchase Offer Terms" for more information.* 

**PLEASE NOTE THAT EFFECTIVE FEBRUARY 1, 2023, THE FUND HAS BEEN CLOSED TO ANY NEW INVESTMENT. MANAGEMENT OF THE FUND PLANS TO RECOMMEND THAT THE FUND BE WOUND DOWN AND LIQUIDATED IN AN ORDERLY MANNER, SUBJECT TO APPROVAL BY THE BOARD OF TRUSTEES. THEREFORE, IT IS POSSIBLE THAT THIS OFFER CONSTITUTES THE LAST REPURCHASE OFFER PRIOR TO THE FUND COMMENCING AN ORDERLY LIQUIDATION IN WHICH ALL SHAREHOLDERS WILL BE PAID OUT IN FULL.** 

**The Fund's quarterly repurchase offer will begin on February 17, 2023 and ends on the Repurchase Request Deadline (as defined in the enclosed Repurchase Offer Terms) at 4:00 p.m. Eastern time on March 15, 2023. There can be no assurance that the Fund will be able to repurchase all the Shares that you tender even if you tender all the Shares that you own.** 

If you wish to tender your shares for cash in conjunction with this repurchase offer, you can do so by (i) contacting your Thrivent financial professional or other intermediary (each, an "<u>Authorized Intermediary</u>"); or, if applicable, (ii) completing the enclosed Repurchase Request Form and ensuring that it is received in proper form by Thrivent Financial Investor Services Inc., the Fund's transfer agent (the "<u>Transfer Agent</u>"), prior to the Repurchase Request Deadline (as noted above). You will need to ask your Authorized Intermediary or nominee to submit the repurchase request for you and provide all the information that Authorized Intermediary or nominee requires. Certain Authorized Intermediaries may set times prior to the Repurchase Request Deadline by which they must receive all documentation relating to repurchase requests and may require additional information.

If you decide to tender shares for repurchase, please note that **a repurchase of shares by the Fund generally will be a taxable transaction for U.S. federal income tax purposes;** consult your tax adviser for more information.

**The Repurchase Request Deadline will be strictly observed. If (a) your Authorized Intermediary fails to submit your request to the Fund or (b) you fail to contact your Authorized Intermediary or (if applicable) submit your repurchase request in proper form to the Transfer Agent, in each case prior to the Repurchase Request Deadline, the Fund will not repurchase your shares or a portion thereof until a subsequent quarterly repurchase offer, at which time you must submit a new repurchase request for that offer. Shares would be subject to NAV fluctuation during that time.** 

Please refer to the Fund's Prospectus and the enclosed Repurchase Offer Terms and Repurchase Request Form for additional information. If you have any questions, please contact your Thrivent financial professional or other intermediary. Alternatively, please call the Interaction Center at 800-847-4836. The enclosed documents apply to the current repurchase offer period, and new documents will be mailed in connection with subsequent quarterly repurchase offers, to the extent such may occur.

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**REPURCHASE OFFER TERMS** 

**1. The Offer.** Thrivent Church Loan and Income Fund (the "<u>Fund</u>") is offering to repurchase for cash up to 35 percent (35%) of the aggregate of its issued and outstanding shares ("<u>Shares</u>") on the Repurchase Request Deadline (described below) at a price equal to the net asset value ("<u>NAV</u>" or "<u>Net Asset Value</u>") determined as of the close of the New York Stock Exchange (the "<u>Exchange</u>") on the Repurchase Pricing Date (described below), upon the terms and conditions set forth in (i) these Repurchase Offer Terms, (ii) the Thrivent Church Loan and Income Fund Shareholder Repurchase Offer Notice (the "<u>Repurchase Offer Notice</u>"), (iii) the Fund's Prospectus, and (iv) the related Repurchase Request Form (collectively, those documents constitute the "Offer"). The Offer is not conditioned upon the tender for repurchase of any minimum number of Shares. The purpose of the Offer is to provide periodic liquidity to shareholders because the Fund is unaware of any secondary market which exists for the Shares. The Fund currently does not charge a processing fee for handling repurchase requests. However, if your Shares are held for you by your Thrivent financial professional or other intermediary (each, an "<u>Authorized Intermediary</u>"), or otherwise by a nominee, such Authorized Intermediary may charge a transaction fee for submitting a repurchase request for you.

**2. Net Asset Value.** You must determine whether to tender Shares prior to the Repurchase Request Deadline, but the Net Asset Value at which the Fund will repurchase Shares will not be calculated until the Repurchase Pricing Date. The Net Asset Value may fluctuate between the date you submit your repurchase request and the Repurchase Request Deadline and to the extent of the delay between the Repurchase Request Deadline and the Repurchase Pricing Date. The Net Asset Value on the Repurchase Request Deadline or the Repurchase Pricing Date could be higher or lower than on the date you submit a repurchase request. Shares of the Fund earn dividends declared to shareholders of record through the date prior to the Repurchase Pricing Date. For informational purposes, on February 13, 2023 the net asset value per share of the Fund was $9.16. Please call the Interaction Center at 800-847-4836 for current NAV information.

**3. Repurchase Request Offer Period and Repurchase Request Deadline.** This quarter's Offer begins on February 17, 2023. All tenders of Shares for repurchase must be received in proper form by your Authorized Intermediary or Thrivent Financial Investor Services Inc., the Fund's transfer agent (the "<u>Transfer Agent</u>"), between February 17, 2023 and 4:00 p.m. Eastern Time on March 15, 2023 (the "<u>Repurchase Request Deadline</u>"). The Repurchase Request Deadline will be strictly observed.

The Fund will not accept any alternative, conditional or contingent tenders for repurchase. All tendering shareholders, by execution of the Repurchase Request Form, waive any right to receive any notice of the acceptance of their tender.

**4. Repurchase Pricing Date.** The date on which the Fund's Net Asset Value applicable to the Offer is determined (the "<u>Repurchase Pricing Date</u>") will be March 16, 2023. The price for repurchases must be determined based on the Fund's Net Asset Value no later than 14 calendar days after the Repurchase Request Deadline. However, the Fund intends to determine the Net Asset Value on the next business day after the Repurchase Request Deadline, if doing so is not likely to result in significant dilution of the prices of the shares, or as soon as such determination can be made after that date. Because the Repurchase Pricing Date is expected to be the business day after the Repurchase Request Deadline or could be later, there is a risk that the Fund's Net Asset Value per share (and thus the price that your repurchase will receive) may fluctuate between those dates.

**5. Payment for Shares Repurchased.** The Fund expects to distribute repurchase proceeds in cash to shareholders no later than seven calendar days after the Repurchase Pricing Date.

**6. Repurchase Charge.** The Fund does not currently charge a special handling or processing fee for repurchases. Your Authorized Intermediary may charge a transaction fee in connection with submitting a repurchase request.

**7. Increase in Number of Shares Repurchased; *Pro Rata* Repurchase.** If the Offer is oversubscribed such that shareholders tender for repurchase more Shares than the Fund is offering to repurchase, the Fund may (but is not obligated to) increase the number of Shares that the Fund is offering to repurchase by up to an additional 2% of the number of Shares outstanding on the Repurchase Request Deadline. If the number of Shares tendered for repurchase exceeds the number of Shares the Fund is offering to repurchase, including, when applicable, the additional up to 2% of Shares described above, the Fund is required to repurchase the Shares tendered on a *pro rata* basis, rounded down to the nearest .001 of a Share. **There can be no assurance that the Fund will be able to repurchase all the Shares that you tender even if you tender all the Shares that you own.** In the event of an oversubscribed Offer, you may be unable to liquidate some or all of your investment so tendered at this time.

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**8. Withdrawal or Modification of Number of Shares to be Repurchased.** Shares submitted pursuant to the Offer may be withdrawn or you may change the number of Shares submitted for repurchase at any time prior to 4:00 p.m. Eastern Time on the Repurchase Request Deadline. If your Shares are held for you by your Authorized Intermediary or otherwise by a nominee, please consult such person if you wish to modify or withdraw a repurchase request. With respect to Shares held directly, shareholders seeking to withdraw their tender of Shares must complete and submit the Withdrawal of Repurchase Offer Request form (MF29982) to the Transfer Agent, at the address noted on the form. Shareholders seeking to modify their tender of Shares must complete and submit both (1) the Withdrawal of Repurchase Offer Request form (MF29982) and (2) a new Repurchase Offer Request form (MF29974) to the Transfer Agent. Shares properly withdrawn shall not thereafter be deemed to be tendered for purposes of the Offer. However, withdrawn Shares may be retendered by following the procedures described herein prior to the Repurchase Request Deadline. For further information regarding modifications or withdrawals of tenders, you may call the Interaction Center at 800-847-4836 or contact your Authorized Intermediary or financial professional.

**9. Suspension or Postponement of Repurchase Offer.** The Board of Trustees of the Fund may suspend or postpone this Offer only by a majority vote of the Trustees (including a majority of the independent Trustees) and only in the following limited circumstances:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) during any period in which the Exchange or any other market on which the Fund's portfolio securities
are traded is closed, other than customary weekend and holiday closings, or trading in those markets is restricted; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) during any period in which an emergency exists as a result of which disposal by the Fund of securities owned
by it is not reasonably practicable, or during which it is not reasonably practicable for the Fund to fairly determine its Net Asset Value; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) if the repurchase would cause the Fund to lose its status as a regulated investment company under Subchapter
M of the Internal Revenue Code of 1986, as amended (the "Code"); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) during other periods as the Securities and Exchange Commission permits the suspension or postponement of
offers by the Fund for the protection of its shareholders.

If the Offer is suspended or postponed, the Fund will provide notice of the suspension or postponement to each shareholder of the Fund. If the Fund renews the Offer, the Fund will send a new notification to each shareholder with details concerning the terms and conditions of the renewed Offer.

**10. Certain Federal Income Tax Consequences.** The following discussion is a general summary of certain federal income tax consequences of the repurchase offer. This summary is based on U.S. federal income tax law as of the date hereof, including the Code, applicable Treasury regulations, Internal Revenue Service ("IRS") rulings, judicial authority and current administrative rulings and practice, all of which are subject to change, possibly with retroactive effect. There can be no assurance that the IRS would not assert, or that a court would not sustain, a position contrary to any of those set forth below, and the Fund has not obtained, nor does the Fund intend to obtain, a ruling from the IRS or an opinion of counsel with respect to any of the consequences described below. Shareholders should review the tax information in the Fund's Prospectus and Statement of Additional Information and should consult their tax advisors regarding the specific tax consequences to them of participating in the repurchase offer, including state, local and foreign tax consequences.

A repurchase of Shares pursuant to the repurchase offer will be treated as a taxable sale or exchange of the Shares for federal income tax purposes if either (a) the tendering shareholder tenders all of his/her Shares or meets numerical safe harbors with respect to percentage voting interest and reduction in ownership of the Fund following the completion of the repurchase offer or (b) the tender otherwise results in a "meaningful reduction" of a shareholder's ownership percentage interest in the Fund, which determination depends on a shareholder's particular facts and circumstances. The Fund intends to take the position that shareholders tendering Shares will qualify for sale or exchange treatment for federal income tax purposes. If the transaction is so treated, any gain or loss recognized by a shareholder generally will be capital gain or loss if the Shares tendered are held by the shareholder as a capital asset, as short-term capital gain or loss if such Shares have been held for one year or less, and as long-term capital gain or loss if such Shares have been held for more than one year. Under the "wash sale" rules under the Code, loss recognized on Shares sold pursuant to the repurchase offer will ordinarily be disallowed to the extent the shareholder acquires other shares of the Fund or substantially identical stock or securities within 30 days before or after the date the tendered Shares are purchased pursuant to the repurchase offer and, in that event, the basis and holding period of the shares acquired will be adjusted to reflect the disallowed loss.

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If the repurchase of Shares pursuant to the repurchase offer is not treated as a sale or exchange for federal income tax purposes, the amount received upon such repurchase will be treated for federal income tax purposes as a distribution from the Fund that will be taxable as a dividend to the extent of the Fund's current or accumulated earnings and profits for the year in which the repurchase occurs. Any balance will be treated as a return of capital to the extent of the shareholder's tax basis in his/her Shares and thereafter as capital gain. In the event that a tendering shareholder is deemed to receive a dividend as a result of tendering his/her Shares, it is possible that shareholders whose percentage ownership of the Fund increases as result of the tender will be deemed to receive a constructive distribution from the Fund. Such constructive distribution will be treated as a dividend to the extent of the Fund's current or accumulated earnings and profits.

The Fund will pay all share transfer taxes, if any, payable on the transfer to it of Shares repurchased pursuant to the Offer. If, however, (a) payment of the Purchase Price is to be made to any person other than the registered owner(s), or (b) (in the circumstances permitted by the Offer) unpurchased Shares are to be registered in the name(s) of any person other than the registered owner(s), then the amount of any transfer taxes (whether imposed on the registered owner(s) or such other persons) payable on account of the transfer to such person(s) will be deducted from the Purchase Price by the Transfer Agent unless satisfactory evidence of the payment of such taxes, or exemption therefrom, is submitted.

**11. Documents in Proper Form.** All questions as to the validity, form, eligibility (including time of receipt) and acceptance of any tender of Shares will be determined by the Fund in its sole discretion, whose determination shall be final and binding on all parties. The Fund reserves the absolute right to reject any or all tenders determined by it not to be in appropriate form or the acceptance of or payment for any Shares which may, in the opinion of the Fund's counsel, be unlawful. The Fund also reserves the absolute right to waive any of the conditions of the Offer or any defect or irregularity in tender of any particular Shares or any particular shareholder, and the Fund's interpretations of the terms and conditions of the Offer will be final and binding on all parties. Unless waived, any defects or irregularities in connection with tenders must be cured within such time as the Fund shall determine. Tendered Shares will not be accepted for repurchase unless all defects and irregularities have either been cured within such time or waived by the Fund. None of the Fund, Thrivent Asset Management, LLC, Thrivent Financial Investor Services Inc., Thrivent Distributors, LLC, or any other entity or person shall be obligated to give notice of defects or irregularities in tenders, nor shall any of them incur any liability for failure to give any such notice. The Fund, Thrivent Financial Investor Services Inc., and Thrivent Distributors, LLC will not be liable for any loss incurred in the event that the Fund accepts unauthorized telephone instructions or repurchase requests that the Fund reasonably believes to be genuine.

**Neither the Fund nor its Board of Trustees makes any recommendation to any shareholder as to whether to tender or refrain from tendering Shares. Each shareholder must make an independent decision whether to tender Shares and, if so, how many Shares to tender. No person has been authorized to make any recommendation on behalf of the Fund as to whether shareholders should tender Shares pursuant to this Offer. No person has been authorized to give any information or to make any representations in connection with the Offer other than those contained herein, in the Repurchase Offer Notice, in the Repurchase Request Form or in the Fund's Prospectus.** 

**For a copy of the Fund's Prospectus or for other information, visit thriventintervalfunds.com, call the Interaction Center at 800-847-4836, or contact your Authorized Intermediary or financial professional.** 

Dated: February 17, 2023

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![LOGO](g414267dsp007a.jpg)

![LOGO](g414267dsp007.jpg)

**Thrivent Funds** 

**Repurchase Offer Request** 

\*To request a repurchase due to the death of an account owner, please also complete form MF34914 or MF34915

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**Section 1 - General Information** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This section is required. Provide the names of the account owners for the fund you wish to request a repurchase.

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| | |
|:---|:---|
|  Name of owner (print first, middle, and last name)<br>| Date of birth |
|  Name of joint owner (print first, middle, and last name)<br>| Date of birth |
| Existing Thrivent Funds account number(s) |  |

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**Section 2 - Repurchase Amount** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This section is required. Provide the amount of the repuchase request. Select only one option.

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Please accept this tender of shares as designated below for repurchase at a price equal to their net asset value on the Repurchase Pricing Date.

I understand that this quarterly repurchase offer is limited to the percent of the Fund's outstanding shares identified in the repurchase notice provided with this form. I understand that if the offer is oversubscribed, the Fund may not repurchase the full amount of the shares that I am requesting, in which case the Fund will repurchase shares on a pro rata basis.

The Repurchase Offer Request form must be returned to Thrivent Interval Funds at the address provided below.

**Shares Tendered (select one option and fill in number or dollar amount as appropriate)** 

☐ Full tender - Tender all shares in my account. A closeout fee for retirement accounts may apply.

☐ Partial tender - Tender<u> </u> shares from my account.

☐ Dollar amount - Tender<u> </u>enough shares to net $<u> </u>.

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**Section 3 - Distribution Options** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This section is required. Select the method in which the funding should be sent. Select only one option.

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☐ **Distribute by check to registered account address** 

☐ Overnight delivery - available when distributing to registered account address and other payee (a fee will apply).

☐ Yes ☐ No Is a signature upon receipt of overnight delivery required?

☐ **Distribute by electronic funds transfer - complete bank information below** 

☐ Direct deposit to a bank

☐ Wire to a bank - a fee will be charged against your account.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name of bank

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name of bank account owner

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name of joint bank account owner

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MF29974 Page 1 of 4 R9-22

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![LOGO](g414267dsp008.jpg)

![LOGO](g414267dsp008a.jpg)

<u> Type of account ☐ Checking ☐ Savings</u>   <u> Routing number </u>   <u> Account number </u>

I authorize Thrivent Financial Investor Services Inc. to: 1) make electronic deposits, withdrawals and corrections to my bank account that comply with U.S. law; 2) act on this authorization until I revoke it by contacting Thrivent Funds; 3) apply this authorization to any future bank accounts I may designate; 4) make administrative changes to this authorization which I request such as date or amount changes; 5) release any and all information related to this authorization to the third party account/contract owner, and 6) act upon electronic deposit instructions I provide to my representative.

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| | | |
|:---|:---|:---|
| ☐ | **Distribute by check to other payee -** Additional validation required, see Disclosures | **Distribute by check to other payee -** Additional validation required, see Disclosures |
|  | Name (print first, middle, and last name) | Account number |
|  | For the benefit of (print first, middle, and last name) |  |

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Address   <u> City </u>     <br>       <u> State </u>   <u> ZIP code </u>

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| | | | | |
|:---|:---|:---|:---|:---|
| ☐ | **Distribute to another Thrivent product** | **Distribute to another Thrivent product** | **Distribute to another Thrivent product** | **Distribute to another Thrivent product** |
|  | **Contract/Policy/Financial Planning**<br> **agreement number** | **Premium amount** | **Loan repayment <br> amount** | **For IRA contributions, <br> provide tax year** |

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| | |
|:---|:---|
|  ☐ | **Distribute to a Thrivent Mutual Fund** |
|  | Account number to distribute to\*<br>|
|  | \*If opening a new Mutual Fund account, a Thrivent Mutual Funds Application must be completed and submitted with this form. (MF29028, MF29028IRA, MF29028EDU) |

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**Section 4 - Cost Basis Override for Transaction (Non-Retirement Accounts only)** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This section is optional. See Disclosures for additional information.

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The cost basis method elected for your account will be used on the repurchase unless you indicate otherwise. If average cost was elected, you cannot override the cost basis method on a transaction basis.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Fund Name**<br> **(Indicate "ALL" if election**<br> **applies to all accounts)** | **First-In,<br>First-Out <br>(FIFO)** | **Last-In,<br>First-Out <br>(LIFO)** | **High Cost** | **Low Cost** | **Gain/Loss<br>Utilization** |
| | ☐ | ☐ | ☐ | ☐ | ☐ |
| | ☐ | ☐ | ☐ | ☐ | ☐ |
| | ☐ | ☐ | ☐ | ☐ | ☐ |
| | ☐ | ☐ | ☐ | ☐ | ☐ |

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MF29974 Page 2 of 4 R9-22

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![LOGO](g414267dsp009.jpg)

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**Section 5 - Notification for Federal and State Income Tax Withholding (Retirement Accounts only)** 

This section is required for retirement accounts. If no box is checked, federal (10%) and possibly state income tax will be withheld.

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Unless you specify otherwise by submitting state and/or federal withholding forms or select the box below, a portion of the taxable distribution will be withheld for federal income tax and state withholding will occur as required by your state of residence.

**Federal Tax Withholding:**

☐ Do not withhold federal income tax

☐ Other federal withholding (complete form W-4R and submit along with this form to Thrivent, search W-4R here: www.irs.gov/forms-instructions)

☐ Withhold federal income tax amount of 10%

**State Tax Withholding:** 

☐ Do not withhold state income tax\*

☐ Withhold the applicable state income tax amount of $<u> </u> or<u> </u>%

**Residents of Connecticut** - submit the Form CT-W4P to indicate your withholding election with this form. If you do not submit Form CT-W4P with this form, Thrivent will use your most recently-submitted CT-W4P, if one is on file. If you do not submit Form CT-W4P with this form and you have not previously submitted Form CT-W4P, the maximum rate will be withheld.

\*If your state requires withholding, we will withhold at your state's minimum rate unless you indicate a higher rate.

**Any tax withholding should be:** 

☐ Added to the amount requested (net).

☐ Subtracted from the amount requested (gross).

Unless otherwise indicated on this form, state and/or federal income taxes will be subtracted from the distribution amount requested (gross).

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**Section 6 - Validation** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Certain cash distributions require signature validation. Please see Disclosures for additional information.

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Medallion Signature Guarantee Seal or Notary Seal

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**Section 7 - Agreements and Signatures** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Signatures of at least one account owner is required.

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I certify that I have received, read, and agree to the Disclosures at the end of this form and any other disclosures contained in this form.

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| | |
|:---|:---|
|  Signature of primary owner/conservator/guardian/custodian/trustee/authorized person | Date signed |
|  **X** | |
|  Signature of joint owner/additional conservator/additional trustee/additional authorized person | Date signed |
|  **X** | |
|  Signature of joint owner/additional conservator/additional trustee/additional authorized person | Date signed |
|  **X** | |

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**Mail completed form to:** 

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| | | | |
|:---|:---|:---|:---|
| **Regular Mail:** | **Express Mail:** | **Fax:** | **Phone:** |
| Thrivent Interval Funds | Thrivent Interval Funds | 866-278-8363 | 800-847-4836 |
| PO Box 219348 | 430 W 7th St |  |  |
| Kansas City, MO 64121-9348 | Kansas City, MO 64105 |  |  |

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MF29974 Page 3 of 4 R9-22

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![LOGO](g414267dsp010.jpg)

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**Disclosures of Distribution Request** 

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**For internal product-to-product transfers only** - Unless otherwise indicated herein, I intend the requested transfer(s) from the distributing fund/account(s) to become effective only if and when:

• Thrivent Financial Investor Services Inc. and its' affiliates have approved the application of the amount(s) requested
to the receiving fund/account(s), as described above, or, if not, as I subsequently agree to accept; and

• With respect to any receiving fund/account(s) that I have applied for, as described above, Thrivent Financial Investor
Services Inc. and its' affiliates have approved the issuance of the receiving fund/account(s), as applied for or, if not, as I subsequently agree to accept.

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**Premature Distributions** 

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I understand an Internal Revenue Service (IRS) premature distribution penalty may apply to withdrawals if I am under age 59 1/2.

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**Distribution Options** 

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If a distribution option is not selected we will send a check to the address of record on the account. For Proceeds from Broker and Barter Exchange Transactions (IRS Form 1099-B) reportable accounts cost basis will be applied to the transaction and fees associated with expedited distribution methods.

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**Notification for Federal and State Income Tax Withholding** 

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You are liable for federal and state income tax, where applicable, on the taxable portion of your distribution even if you elect no withholding. Except where prohibited by federal and/or state law, you can elect: 1) no withholding; 2) withholding at the minimum federal and state rates; or 3) withholding at a rate higher than the minimum rates. You may be subject to tax penalties under the estimated tax payment rules if your payments of estimated tax and withholding, if any, are not adequate. Check with your tax advisor to determine if withholding is necessary.

**Mandatory Tax** - Distributions from a 403(b) or qualified retirement plan that are eligible for rollover and are not directly rolled over are subject to mandatory 20% federal tax withholding. Refer to the 403(b) and Qualified Plan Distribution Disclosure (9972) for more information. If your distribution is subject to mandatory 20% federal tax withholding, your distribution may also be subject to mandatory state tax withholding.

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**Validation** 

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For your protection, validation of your identity is requested.

Redemption/disbursement transactions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Value of $500,000 or more will require a Medallion Signature Guarantee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Greater than $99,999 and up to $499,999 will require one of the following forms of validations:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Your notarized signature

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• An original Medallion Signature Guarantee; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• An attestation of your signature by your Thrivent Financial financial representative

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Greater than $9,999, less than $99,999, and the address of record changed within the prior 15 days will require an
attestation of your signature by your Thrivent Financial financial representative, your notarized signature or an original Medallion Signature Guarantee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Greater than $9,999, less than $99,999, and the bank information provided has been on record for less than 15 days will
require an attestation of your signature by your Thrivent Financial financial representative, your notarized signature or an original Medallion Signature Guarantee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Any request to send proceeds to an address other than the one listed on your account, and/or request to make proceeds
payable to someone other than the account owner require one of the following forms of validation:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Your notarized signature

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• An original Medallion Signature Guarantee; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• An attestation of your signature by your Thrivent Financial financial representative

A Notary Public or Medallion Signature Guarantee may generally be obtained at any national bank.

MF29974 Page 4 of 4 R9-22

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![LOGO](g414267dsp011.jpg)

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|:---|:---|:---|
| Form **W-4R** <br>Department of the Treasury<br> Internal Revenue Service | **Withholding Certificate for Nonperiodic Payments and** | OMB No. 1545-0074 |
| Form **W-4R** <br>Department of the Treasury<br> Internal Revenue Service | **Eligible Rollover Distributions** | ![LOGO](g414267dsp011a.jpg) |
| Form **W-4R** <br>Department of the Treasury<br> Internal Revenue Service | <br> **Give Form W-4R to the payer of your retirement payments.** | ![LOGO](g414267dsp011a.jpg) |

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| | | |
|:---|:---|:---|
| **1a** First name and middle initial | Last name | **1b Social security number** |
| Address |  |  |
| City or town, state, and ZIP code |  |  |

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Your withholding rate is determined by the type of payment you will receive.

• For nonperiodic payments, the default withholding rate is 10%. You can choose to have a different rate by entering a rate between 0% and 100% on line 2. Generally, you can't choose less than 10% for payments to be delivered outside the United States and its territories.

• For an eligible rollover distribution, the default withholding rate is 20%. You can choose a rate greater than 20% by entering the rate on line 2. You may not choose a rate less than 20%.

See page 2 for more information.

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| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **2** Complete this line if you would like a rate of withholding that is different from the default withholding rate. See the instructions on page 2 and the Marginal Rate Tables below for additional information. Enter the rate as a whole number (no decimals) . . . . . . . . . . . . . . . . . <sup>►</sup><sub>2</sub> | % |

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; <br> **Sign**  |  |  |
| &nbsp;&nbsp; **Here**  | | |
|  | **Your signature** (This form is not valid unless you sign it.) | **Date** |

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|:---|:---|
| **General Instructions**<br>Section references are to the Internal Revenue Code. <br>**Future developments.** For the latest information about any future developments related to Form W-4R, such as legislation enacted after it was published, go to *www.irs.gov/FormW4R.*<br>**Purpose of form.** Complete Form W-4R to have payers withhold the correct amount of federal income tax from your nonperiodic payment or eligible rollover distribution from an employer retirement plan, annuity (including a commercial annuity), or individual retirement arrangement (IRA). See page 2 for the rules and options that are available for each type of payment. Don't use Form W-4R for periodic payments (payments made in installments at regular | intervals over a period of more than 1 year) from these plans or arrangements. Instead, use Form W-4P, Withholding Certificate for Periodic Pension or Annuity Payments. For more information on withholding, see Pub. 505, Tax Withholding and Estimated Tax.<br>**Caution:** If you have too little tax withheld, you will generally owe tax when you file your tax return and may owe a penalty unless you make timely payments of estimated tax. If too much tax is withheld, you will generally be due a refund when you file your tax return. Your withholding choice (or an election not to have withholding on a nonperiodic payment) will generally apply to any future payment from the same plan or IRA. Submit a new Form W-4R if you want to change your election. |

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**2023 Marginal Rate Tables** 

You may use these tables to help you select the appropriate withholding rate for this payment or distribution. Add your income from all sources and use the column that matches your filing status to find the corresponding rate of withholding. See page 2 for more information on how to use this table.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Single**<br> **or**<br> **Married filing separately** | **Single**<br> **or**<br> **Married filing separately** | **Married filing jointly**<br> **or**<br> **Qualifying surviving spouse** | **Married filing jointly**<br> **or**<br> **Qualifying surviving spouse** | |  |
| **Single**<br> **or**<br> **Married filing separately** | **Single**<br> **or**<br> **Married filing separately** | **Married filing jointly**<br> **or**<br> **Qualifying surviving spouse** | **Married filing jointly**<br> **or**<br> **Qualifying surviving spouse** | **Head of household** | **Head of household** |
| **Single**<br> **or**<br> **Married filing separately** | **Single**<br> **or**<br> **Married filing separately** | **Married filing jointly**<br> **or**<br> **Qualifying surviving spouse** | **Married filing jointly**<br> **or**<br> **Qualifying surviving spouse** | | |
| *Total income* | **Tax rate for every** | *Total income* | **Tax rate for every** | *Total income* | **Tax rate for every** |
| *over—* | **dollar more** | *over—* | **dollar more** | *over—* | **dollar more** |
| $0  | **0%** | $0 | **0%** | $0 | **0%** |
| 13850  | **10%** | 27700 | **10%** | 20800 | **10%** |
| 24850  | **12%** | 49700 | **12%** | 36500 | **12%** |
| 58575  | **22%** | 117150 | **22%** | 80650 | **22%** |
| 109225  | **24%** | 218450 | **24%** | 116150 | **24%** |
| 195950  | **32%** | 391900 | **32%** | 202900 | **32%** |
| 245100  | **35%** | 490200 | **35%** | 252050 | **35%** |
|  591,975\* | **37%** | 721450 | **37%** | 598900 | **37%** |

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\* If married filing separately, use $360,725 instead for this 37% rate.

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| | | |
|:---|:---|:---|
| **For Privacy Act and Paperwork Reduction Act Notice, see page 3.** | Cat. No. 75085T | Form **W-4R** (2023) |

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![LOGO](g414267dsp012.jpg)

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|:---|:---|
| Form W-4R (2023) | Page **2** |

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| | |
|:---|:---|
| **General Instructions** *(continued)*<br>**Nonperiodic payments—10% withholding.** Your payer must withhold at a default 10% rate from the taxable amount of nonperiodic payments **unless** you enter a different rate on line 2. Distributions from an IRA that are payable on demand are treated as nonperiodic payments. Note that the default rate of withholding may not be appropriate for your tax situation. You may choose to have no federal income tax withheld by entering "-0-" on line 2. See the specific instructions below for more information. Generally, you are not permitted to elect to have federal income tax withheld at a rate of less than 10% (including "-0-") on any payments to be delivered outside the United States and its territories.<br>***Note:*** If you don't give Form W-4R to your payer, you don't provide an SSN, or the IRS notifies the payer that you gave an incorrect SSN, then the payer must withhold 10% of the payment for federal income tax and can't honor requests to have a lower (or no) amount withheld. Generally, for payments that began before 2023, your current withholding election (or your default rate) remains in effect unless you submit a Form W-4R.<br>**Eligible rollover distributions—20% withholding.** Distributions you receive from qualified retirement plans (for example, 401(k) plans and section 457(b) plans maintained by a governmental employer) or tax-sheltered annuities that are eligible to be rolled over to an IRA or qualified plan are subject to a 20% default rate of withholding on the taxable amount of the distribution. You can't choose withholding at a rate of less than 20% (including "-0-"). Note that the default rate of withholding may be too low for your tax situation. You may choose to enter a rate higher than 20% on line 2. Don't give Form W-4R to your payer unless you want more than 20% withheld.<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Note that the following payments are **not** eligible rollover distributions: (a) qualifying "hardship" distributions, and (b) distributions required by federal law, such as required minimum distributions. See Pub. 505 for details. See also<br> *Nonperiodic payments—10% withholding* above.<br>**Payments to nonresident aliens and foreign estates.** Do not use Form W-4R. See Pub. 515, Withholding of Tax on Nonresident Aliens and Foreign Entities, and Pub. 519, U.S. Tax Guide for Aliens, for more information.<br>**Tax relief for victims of terrorist attacks.** If your disability payments for injuries incurred as a direct result of a terrorist attack are not taxable, enter "-0-" on line 2. See Pub. 3920, Tax Relief for Victims of Terrorist Attacks, for more details.<br>**Specific Instructions**<br>**Line 1b**<br>For an estate, enter the estate's employer identification number (EIN) in the area reserved for "Social security number."<br>**Line 2**<br>**More withholding.** If you want more than the default rate withheld from your payment, you may enter a higher rate on line 2.<br>**Less withholding (nonperiodic payments only).** If permitted, you may enter a lower rate on line 2 (including "-0-") if you want less than the 10% default rate withheld from your payment. If you have already paid, or plan to pay, your tax on this payment through other withholding or estimated tax payments, you may want to enter "-0-". | **Suggestion for determining withholding.** Consider using the Marginal Rate Tables on page 1 to help you select the appropriate withholding rate for this payment or distribution. The tables are most accurate if the appropriate amount of tax on all other sources of income, deductions, and credits has been paid through other withholding or estimated tax payments. If the appropriate amount of tax on those sources of income has not been paid through other withholding or estimated tax payments, you can pay that tax through withholding on this payment by entering a rate that is greater than the rate in the Marginal Rate Tables.<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The marginal tax rate is the rate of tax on each additional dollar of income you receive above a particular amount of income. You can use the table for your filing status as a guide to find a rate of withholding for amounts above the total income level in the table.<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To determine the appropriate rate of withholding from the table, do the following. Step 1: Find the rate that corresponds with your total income not including the payment. Step 2: Add your total income and the taxable amount of the payment and find the corresponding rate.<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If these two rates are the same, enter that rate on line 2. *(See Example 1* below.)<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the two rates differ, multiply (a) the amount in the lower rate bracket by the rate for that bracket, and (b) the amount in the higher rate bracket by the rate for that bracket. Add these two numbers; this is the expected tax for this payment. To get the rate to have withheld, divide this amount by the taxable amount of the payment. Round up to the next whole number and enter that rate on line 2. (See *Example 2* below.)<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If you prefer a simpler approach (but one that may lead to overwithholding), find the rate that corresponds to your total income including the payment and enter that rate on line 2. <br>**Examples.** Assume the following facts for *Examples 1* and *2.* Your filing status is single. You expect the taxable amount of your payment to be $20,000. Appropriate amounts have been withheld for all other sources of income and any deductions or credits.<br>***Example 1.*** You expect your total income to be $60,000 without the payment. Step 1: Because your total income without the payment, $60,000, is greater than $58,575 but less than $109,225, the corresponding rate is 22%. Step 2: Because total income with the payment, $80,000, is greater than $58,575 but less than $109,225, the corresponding rate is 22%. Because these two rates are the same, enter "22" on line 2.<br>***Example 2.*** You expect your total income to be $42,500 without the payment. Step 1: Because your total income without the payment, $42,500, is greater than $24,850 but less than $58,575, the corresponding rate is 12%. Step 2: Because your total income with the payment, $62,500, is greater than $58,575 but less than $109,225, the corresponding rate is 22%. The two rates differ. $16,075 of the $20,000 payment is in the lower bracket ($58,575 less your total income of $42,500 without the payment), and $3,925 is in the higher bracket ($20,000 less the $16,075 that is in the lower bracket). Multiply $16,075 by 12% to get $1,929. Multiply $3,925 by 22% to get $863.50. The sum of these two amounts is $2,792.50. This is the estimated tax on your payment. This amount corresponds to 14% of the $20,000 payment ($2,792.50 divided by $20,000). Enter "14" on line 2. |

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![LOGO](g414267dsp013.jpg)

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|:---|:---|
| Form W-4R (2023) | Page **3** |

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|:---|:---|
| **Privacy Act and Paperwork Reduction Act Notice.** We ask for the information on this form to carry out the Internal Revenue laws of the United States. You are required to provide this information only if you want to (a) request additional federal income tax withholding from your nonperiodic payment(s) or eligible rollover distribution(s); (b) choose not to have federal income tax withheld from your nonperiodic payment(s), when permitted; or (c) change a previous Form W-4R (or a previous Form W-4P that you completed with respect to your nonperiodic payments or eligible rollover distributions). To do any of the aforementioned, you are required by sections 3405(e) and 6109 and their regulations to provide the information requested on this form. Failure to provide this information may result in inaccurate withholding on your payment(s). Failure to provide a properly completed form will result in your payment(s) being subject to the default rate; providing fraudulent information may subject you to penalties.<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Routine uses of this information include giving it to the Department of Justice for civil and criminal litigation, and to cities, states, the District of Columbia, and U.S. | commonwealths and territories for use in administering heir tax laws. We may also disclose this information to other countries under a tax treaty, to federal and state agencies to enforce federal nontax criminal laws, or to federal law enforcement and intelligence agencies to combat terrorism.<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;You are not required to provide the information requested on a form that is subject to the Paperwork Reduction Act unless the form displays a valid OMB control number. Books or records relating to a form or its instructions must be retained as long as their contents may become material in the adminstration of any Internal Revenue law. Generally, tax returns and return information are confidential, as required by section 6103.<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The average time and expenses required to complete and file this form will vary depending on individual circumstances. For estimated averages, see the instructions for your income tax return.<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If you have suggestions for making this form simpler, we would be happy to hear from you. See the instructions for your income tax return. |

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