Alpine Closed-End Funds

One Fund - Three Investment Pillars

In Alpine’s view, based on its extensive experience of investing globally in real estate securities, when countries prosper, real estate values increase and wealth is created. Since 1989, Alpine has built an investment program which aims to invest in countries which benefit from the economic and demographic drivers of demand, as well as constraints on potential competition from new supply. Alpine has searched for added investment benefits as shifts in demand and supply trends might favorably influence the prospects for many local and regional real estate cycles. Observing that the progression of rents and property prices rarely follow a straight line, Alpine has utilized varying investment strategies or business models to optimize investment at any given phase of the real estate cycle. Alpine aims to adjust the dynamics of the Fund’s portfolio by shifting emphasis over time to maintain a favorable balance among three pillars of real estate value – Premier Property Owners, Premier Property Developers, and Premier Property Financiers/Investors.

Premier Owners | Premier Developers | Premier Financiers / Investors | Real Estate Investment | 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.