Alpine Closed-End Funds

Paired Rotation Strategy

Traditionally, investors buy a dividend paying security and hold it over the course of twelve months, “capturing” four quarterly dividends. Alpine’s dynamic approach to dividend investing will endeavor to capture more dividend payments with the same investment capital by “rotating” between two securities with similar characteristics throughout the same twelve months.

The following are hypothetical examples of a traditional dividend investing strategy and Alpine’s dynamic dividend investing strategy.

Example 1: Traditional Dividend Investing

Example 2: Alpine Dynamic Dividend Investing: Rotating “Pairs” of Securities

* In the example, dividends would be paid at the end of each month noted.
** These examples are for illustrative purposes only and are not indicative of any investment

Three Dynamic Strategies | Value | Dividend Capture | Growth

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 Annual and Semi-Annual Reports in the Literature section or call 1-800-617-7616 to receive a copy of the Annual and Semi-Annual Reports by mail. An investor should consider investment objectives, risks, charges and expenses carefully before investing. To speak with a representative about the Alpine Closed-End Funds call 1-800-617-7616.