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 August 2014
PURCHASE, N.Y.--(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 August 2014 as each had paid in the
Alpine Total Dynamic Dividend Fund ( AOD ) $0.0565 per share
Alpine Global Dynamic Dividend Fund ( AGD ) $0.064 per share
Alpine Global Premier Properties Fund ( AWP ) $0.05 per share
Dates related to the distribution declaration for all three Funds are
Date Payable Date
August 20, 2014
August 22, 2014
August 29, 2014
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%) and 2013 (32%) 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
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.
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.
Investor Contact: Marc Rappaport, Alpine Woods Capital Investors, LLC,
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
Source: Alpine Woods Capital Investors, LLC