Alpine Closed-End Funds

One Portfolio - Four Dynamic Investment Strategies

The Alpine Total Dynamic Dividend Fund offers a unique and balanced approach to optimizing both dividend income and long-term growth of capital.* Alpine scans the globe looking for the best dividend opportunities for investors, employing a multi-cap, multi-sector, and multi-style investment approach. The Fund combines four research-driven investment strategies – Growth, Value, Special Dividends, and Dividend Capture Rotation – to maximize the amount of distributed dividend income and to identify companies globally with the potential for dividend increases and capital appreciation.

* For taxable years beginning on or before December 31, 2010, certain distributions designated by the Fund as derived from qualified dividend income will be taxed in the hands of noncorporate shareholders at the rates applicable to long-term capital gain, provided holding period and other requirements are met by both the Fund and the holders. Certain investment strategies of the Fund will limit the Fund’s ability to meet these requirements. As a result, there can be no assurance as to what portion of Fund distributions will be designated as qualified dividend income.

Growth Dividend Payers | Value Dividend Opportunities | Special Dividend Research | Paired Rotation Strategy

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.