Board of Trustees Rydex Variable Trust c/o Rydex Investments Suite 600 Rockville, Maryland 20850Rydex Variable Trust • May 7th, 2012
Re: Agreement and Plan of Reorganization, dated as of November 21, 2011 (the “Agreement”), between Rydex Variable Trust, a Delaware statutory trust (“RVT”), on behalf of its series, the Multi-Hedge Strategies Fund (the “Acquiring Fund”) and the Alternative Strategies Allocation Fund (the “Acquired Fund”) and Security Investors, LLC (for purposes of Section 10 of the Agreement only)
