CURRENT PROGRAM MANAGER (through 3 p.m. CT December 4, 2020)
The NEST Direct College Savings Plan is sponsored by the State of Nebraska, administered by the Nebraska State Treasurer, as Trustee, and the Nebraska Investment Council provides investment oversight. First National Bank of Omaha serves as Program Manager and First National Capital Markets, Inc. serves as Distributor.
NEW PROGRAM MANAGER (effective 3 p.m. CT December 4, 2020)
The NEST Direct College Savings Plan is sponsored by the State of Nebraska and administered by the Nebraska State Treasurer, as Trustee, and the Nebraska Investment Council provides investment oversight. Effective 3 p.m. CT December 4, 2020, Union Bank & Trust Company will serve as program manager.
An investor should consider the Plan’s investment objectives, risks, charges, and expenses before investing. The Program Disclosure Statement, available at NEST529.com, which contains more information, should be read carefully before investing. Investors should consider before investing whether their or their beneficiary’s home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in such state’s qualified tuition program and should consult their tax advisor, attorney and/or other advisor regarding their specific legal, investment or tax situation.
This material is provided for general and educational purposes only, and is not intended to provide legal, tax or investment advice, or for use to avoid penalties that may be imposed under U.S. federal tax laws. This material is not an offer to sell or a solicitation of an offer to buy any securities. Any offer to sell units within the Plan may only be made by the Program Disclosure Statement and Participation Agreement relating to the Plan. Participation in the Plan does not guarantee that contributions and the investment return on contributions, if any, will be adequate to cover future tuition and other higher education expenses, or that a beneficiary will be admitted to or permitted to continue to attend an eligible educational institution.
Except for the Bank Savings Static Investment Option, investments in the NEST Direct College Savings Plan are not guaranteed or insured by the FDIC or any other government agency and are not deposits or other obligations of any depository institution. Investments are not guaranteed or insured by the State of Nebraska, the Nebraska State Treasurer, the Nebraska Investment Council or the Program Manager or its authorized agents or their affiliates, and are subject to investment risks, including loss of the principal amount invested. FDIC insurance is provided for the Bank Savings Static Investment Option up to the maximum amount set by federal law, currently $250,000.
NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE
