# EDGAR Filing Document

**Accession Number:** 0001352621
**File Stem:** 0001580642-26-000131
**Filing Date:** 2026-1
**Character Count:** 4156
**Document Hash:** 2c2397c0e59c9c97457ff5c0503a98e4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001580642-26-000131.hdr.sgml**: 20260108

**ACCESSION NUMBER**: 0001580642-26-000131

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260108

**DATE AS OF CHANGE**: 20260108

**EFFECTIVENESS DATE**: 20260108

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Northern Lights Variable Trust
- **CENTRAL INDEX KEY:** 0001352621

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-131820
- **FILM NUMBER:** 26517883

**BUSINESS ADDRESS:**
- **STREET 1:** 225 PICTORIA DRIVE
- **STREET 2:** SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246
- **BUSINESS PHONE:** 631-470-2600

**MAIL ADDRESS:**
- **STREET 1:** 17645 WRIGHT STREET
- **STREET 2:** SUITE 200
- **CITY:** OMAHA
- **STATE:** NE
- **ZIP:** 68130

## Series and Classes Contracts Data

### Bain Capital Equity Opportunities Fund (Series ID: S000088357)

---

|  |  |
|:---|:---|
| Class Name                                            | Class ID   |
| Bain Capital Equity Opportunities Fund Class 2 Shares | C000254614 |
| Bain Capital Equity Opportunities Fund Class 1 Shares | C000254615 |

---

## Series and Classes Contracts Data

### Bain Capital Equity Opportunities Fund (Series ID: S000088357)

| Class ID   | Class Name                                            | Ticker Symbol   |
|:---|:---|:---|
| C000254614 | Bain Capital Equity Opportunities Fund Class 2 Shares |  |
| C000254615 | Bain Capital Equity Opportunities Fund Class 1 Shares |  |

**BAIN CAPITAL EQUITY OPPORTUNITIES FUND**

**Class 1 shares**

**Class 2 shares**

(a series of the Northern Lights Variable Trust)

Supplement dated January 8, 2026 (effective at the close of business)<br> to the Prospectus and the Statement of Additional Information dated May 1, 2025

**_____________________________________________________________________________________**

The Board of Trustees of Northern Lights Variable Trust (the "Trust") has determined based, in part, on the recommendation of the investment adviser of the Bain Capital Equity Opportunities Fund (the "Portfolio"), that it is in the best interests of the Portfolio and its shareholders that the Portfolio cease operations. The Board has decided to close the Portfolio and redeem all remaining outstanding shares on May 1, 2026.

The Portfolio will seek to continue to pursue its investment objective until May 1, 2026 but may, at the discretion of the Adviser and in accordance with its prospectus, liquidate its portfolio prior to May 1, 2026 and invest in cash equivalents such as money market funds until all shares have been redeemed. Any capital gains will be distributed as soon as practicable to shareholders.

Prior to May 1, 2026, you may transfer your shares, in accordance with procedures established by the insurance companies in connection with your variable annuity and/or flexible premium variable life insurance contracts. Your transfer from the Portfolio will have no federal income tax consequences. Please refer to the "Tax Consequences" section in the Prospectus for general information. You may wish to consult your tax advisor about your particular situation.

ANY SHAREHOLDERS WHO HAVE NOT TRANSFERRED THEIR SHARES OF THE PORTFOLIO PRIOR TO MAY 1, 2026 WILL HAVE THEIR SHARES AUTOMATICALLY REDEEMED AS OF THAT DATE, AND PROCEEDS WILL BE SENT TO THE INSURANCE COMPANY ASSOCIATED WITH YOUR ACCOUNT. IF YOU HAVE QUESTIONS OR NEED ASSISTANCE, PLEASE CONTACT YOUR FINANCIAL ADVISOR, DIRECTLY OR THE PORTFOLIO AT 1-877-322-0576.

*This Supplement and the existing Prospectus dated May 1, 2025, and the Statement of Additional Information dated May 1, 2025 provide relevant information for all shareholders and should be retained for future reference. The Prospectus, and its supplement and the Statement of Additional Information and its supplement have been filed with the Securities and Exchange Commission, and are incorporated herein by reference and can be obtained without charge by calling the Portfolio at 1-877-322-0576.*