July 3, 2008—The Board of Trustees of the Alpine Global Dynamic Dividend Fund (NYSE: AGD) today announced the next three monthly dividend payments at the current $0.17 per share for July, August and September.

Ex-Distribution Date
Record Date
Payable Date
July 23, 2008
July 25, 2008
July 31, 2008
August 25, 2008
August 27, 2008
August 29, 2008
September 22, 2008
September 24, 2008
September 30, 2008

Dividend Distribution Press Release PDF Available

July Reinvest Price: $13.34

Year-End Distributions

Ex-Distribution Date
Record Date
Payable Date
December 24, 2007
December 27, 2007
December 31, 2007

Alpine Global Dynamic Dividend Fund Announces a Year End Capital Gains Dividend Distribution of $1.47 per Share

Year End Reinvest Price: $20.46

Cummulative Distributions Since Inception (July 26, 2006): $5.75

Not FDIC Insured | May Lose Value | No Bank Guarantee

The Alpine Global Dynamic Dividend Fund ("AGD"), Alpine Total Dynamic Dividend Fund ("AOD") and Alpine Global Premier Properties Fund ("AWP") are closed-end funds. AGD's first trade day was July 26, 2006 under the ticker symbol AGD. AOD's first trade day was January 26, 2007 under the ticker symbol AOD. AWP's first trade day was April 26, 2007 under the ticker symbol AWP.

To read about the Funds, access the AGD prospectus, AOD prospectus or AWP prospectus online or call 1-800-617-7616 to receive a copy of the prospectus by mail. An investor should consider investment objectives, risks, charges and expenses carefully before investing. The prospectus contains this and other important information about the Fund. Read the prospectus carefully before investing in the Alpine Global Dynamic Dividend Fund, the Alpine Total Dynamic Dividend Fund and the Alpine Global Premier Properties Fund.

You should not rely on any information other than information contained in the Fund's prospectus when making your investment decision. To speak with a representative about the Alpine Closed-End Funds call 1-800-617-7616.