Alpine Total Dynamic Dividend Fund (NYSE: AOD), Alpine Global Dynamic Dividend Fund (NYSE: AGD), Alp

Alpine Total Dynamic Dividend Fund (NYSE: AOD), Alpine Global Dynamic Dividend Fund (NYSE: AGD), Alpine Global Premier Properties Fund (NYSE: AWP) Declare Regular Monthly Distributions for June 2013

Provides an Update on Alpine Total Dynamic Dividend Fund Share Repurchase Plan


PURCHASE, N.Y.--(BUSINESS WIRE)-- The Board of Trustees of Alpine Total Dynamic Dividend Fund (NYS: AOD) , Alpine Global Dynamic Dividend Fund (NYS: AGD) and Alpine Global Premier Properties Fund (NYS: AWP) announced their same regular monthly distribution for the month of June 2013 as each had paid in the previous month.

Alpine Total Dynamic Dividend Fund (AOD): $0.027 per share

Alpine Global Dynamic Dividend Fund (AGD): $0.03 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

June 19, 2013 June 21, 2013 June 28, 2013
 

These monthly distributions may consist of net investment income, net realized capital gains and / or a return of capital. Final determination of the federal income tax characteristics of distributions paid during calendar year 2013 will be provided on U.S. Form 1099-DIV, which will be mailed to shareholders.

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 will be 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.

The Board of Trustees of Alpine Total Dynamic Dividend Fund also provided an update on the Fund's share repurchase plan (the "Repurchase Plan"). Under the Repurchase Plan the Fund may purchase, in the open market, its outstanding common shares. Since the Repurchase Plan was announced on February 27, 2013, through the semi-annual period ended April 30, 2013, the Fund repurchased 1,715,649 shares for an aggregate of $6,995,797 at an average price per share of $4.078 (including commissions paid).

The shares repurchased by the Fund have been retired. The repurchases were made at discounts to the Fund's Net Asset Value and were accretive to the Fund. The amount and timing of repurchases is at the discretion of the Fund's investment adviser, Alpine Woods Capital Investors, LLC, and subject to market conditions and investment objectives. The Board will continue to monitor the Repurchase Plan, which can be terminated at any time.

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 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.



Investor Contact:
Alpine Woods Capital Investors, LLC
Marc Rappaport, 914-251-0880

KEYWORDS:   United States  North America  New York

INDUSTRY KEYWORDS:

The article Alpine Total Dynamic Dividend Fund (NYS: AOD) , Alpine Global Dynamic Dividend Fund (NYS: AGD) , Alpine Global Premier Properties Fund (NYS: AWP) Declare Regular Monthly Distributions for June 2013 originally appeared on Fool.com.

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