Alpine Closed-End Funds - AOD Distributions

December 21, 2011 - The Board of Trustees of Alpine Total Dynamic Dividend Fund (NYSE: AOD) and Alpine Global Dynamic Dividend Fund (NYSE: AGD) announced the same regular monthly distribution for the months of January, February and March 2012 as in the previous three months:

Ex-Distribution Date	Record Date	Payable Date
January 20, 2012	January 24, 2012	January 31, 2012
February 17, 2012	February 22, 2012	February 29, 2012
March 21, 2012	March 23, 2012	March 30, 2012

Dividend Distribution Press Release 12/21/11 PDF Available

19a-1 Notice January 31, 2012

December Reinvest Price: $4.4820

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.