Alpine Total Dynamic Dividend Fund (NYSE:AOD), Alpine Global Dynamic Dividend Fund (NYSE:AGD) & Alpine Global Premier Propert...
February 19 2016 - 3:00PM
Business Wire
The Board of Trustees of Alpine Total Dynamic Dividend Fund
(NYSE: AOD), Alpine Global Dynamic Dividend Fund (NYSE: AGD) and
Alpine Global Premier Properties Fund (NYSE: AWP) announced their
same regular monthly distribution for the month of March 2016 as
each had paid in the previous month.
Alpine Total Dynamic Dividend Fund (AOD) $0.0575 per share
Alpine Global Dynamic Dividend Fund (AGD) $0.065 per share
Alpine Global Premier Properties Fund (AWP) $0.05 per share
Dates related to the distribution declaration for all three
Funds are as follows:
Ex-Distribution Date
Record Date
Payable Date
March 21, 2016 March 23, 2016 March 31, 2016
The Funds’ monthly distributions may consist of net investment
income, net realized capital gains and /or a return of capital. If
a distribution includes anything other than net investment income,
the Funds’ will provide a notice of the best estimate of its
distribution sources when distributed, which will be posted on the
Funds’ website, or can be obtained by calling 1-800-617-7616. A
return of capital distribution does not necessarily reflect the
Funds’ investment performance and should not be confused with
“yield” or “income”. Final determination of the federal income tax
characteristics of distributions paid during calendar year will be
provided on U.S. Form 1099-DIV, which will be mailed to
shareholders. Over the past five years, Alpine Global Premier
Properties Fund paid a portion of each of the distributions in
years 2011 (36%), 2012 (33.7%), 2013 (32%), 2014 (47%) and 2015
(7.9%) through a return of capital as determined at the end of each
year and reported on the U.S. Form 1099-DIV issued for each year.
Alpine Global Premier Properties Fund did not pay any distributions
through a return of capital in 2009 or 2010 as determined at the
end of each year. Over the past five years, Alpine Global Dynamic
Dividend Fund and Alpine Total Dynamic Dividend Fund did not pay
any distribution through a return of capital as determined at the
end of each year. Please consult your tax advisor for further
information.
Alpine Global Premier Properties Fund (AWP) has previously
adopted a level distribution policy under which AWP anticipates
making monthly distributions of $0.05 per share and intends to
manage its monthly distributions to include amounts that have
otherwise been paid through a year-end special distribution. This
amount may be adjusted from time to time depending on current
market conditions and the projected performance of the Fund. AWP’s
level distribution policy is subject to regular review by the Board
of Trustees. There can be no assurance that the amount of AWP’s
monthly distributions will be maintained or that this level
distribution policy will not be discontinued or substantially
modified in the future.
An investment in these Funds’ presents a number of risks and is
not suitable for all investors. Investors should carefully review
and consider potential risks before investing. An investment in the
Funds’ common shares is subject to investment risk, including the
possible loss of the entire principal amount that you invest. Your
investment in common shares represents an indirect investment in
the securities owned by the Fund most of which are traded on a
national securities exchange or in the over-the-counter markets.
The value of these securities, like other market investments, may
move up or down, sometimes rapidly and unpredictably. Your common
shares at any point in time may be worth less than your original
investment, even after considering the reinvestment of Fund
dividends and distributions.
Other risks associated with investing in AOD and AGD include,
but are not limited to, risks involved with smaller and medium
sized companies, illiquid, foreign and restricted securities, and
short-term trading. The Funds’ strategy of investing in
dividend-paying stocks involves the risk that such stocks may fall
out favor with investors and underperform the market. In addition,
there is the possibility that such companies could reduce or
eliminate the payment of dividends in the future. The Funds’ may
hold securities for short periods of time related to the dividend
payment periods and may experience loss during those periods.
Risks associated with AWP include, but are not limited to, risks
involved with foreign securities which will involve greater
volatility and political, economic and currency risks and
differences in accounting methods. Because real estate funds
concentrate their investments in the real estate industry, the
portfolio may experience more volatility and be exposed to greater
risk than the portfolios of many other mutual funds. Risks
associated with investment in securities of companies in the real
estate industry may include: declines in the value of real estate,
overbuilding and increased competition; increases in property taxes
and operating expenses; changes in zoning laws; casualty or
condemnation losses; variations in rental income, neighborhood
values, changes in interest rates and changes in economic
conditions.
More information about the Funds is available on
www.alpinefunds.com.
Based in Westchester, New York, Alpine Woods Capital Investors,
LLC was founded in 1998.
This release contains forward-looking statements based on
currently available information. The Funds’ actual results could
differ materially from those anticipated due to various risks and
uncertainties. Alpine Total Dynamic Dividend Fund, Alpine Global
Dynamic Dividend Fund and Alpine Global Premier Properties Fund are
closed-end funds and do not continuously offer or redeem shares.
The Funds trade in the secondary market and investors wishing to
buy or sell shares must place orders through a financial
intermediary or broker.
To read about the Funds, access the Annual and Semi-Annual
Reports in the Related Documents section of the website,
www.alpinefunds.com, or call 1-800-617-7616 to receive a copy of
the annual and semi-annual reports by mail. An investor should
consider the investment objectives, risks, charges and expenses
carefully before investing.
Alpine Woods Capital Investors, LLC advises Alpine’s closed-end
funds. Quasar Distributors, LLC provides filing administration for
Alpine’s closed-end funds. The Funds are not bought or sold through
Quasar Distributors.
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Investors:Alpine Woods Capital Investors, LLCMarc Rappaport,
914-251-0880
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