Stephen Lieber
Samuel Lieber
Robert Gadsden
Chairman, Chief Investment Officer
President, Portfolio Manager
Analyst, Portfolio Manager

Analyst, Portfolio Manager
Associate Portfolio Manager
Portfolio Manager

Andrew Kohl
Portfolio Manager
Director of Fixed Income, Portfolio Manager
Dividend Analyst

Funds Managed by Alpine Woods Capital Investors, LLC
Open-End   Closed-End
Alpine International Real Estate Equity Fund (EGLRX)   Alpine Total Dynamic Dividend Fund (AOD)
Alpine Realty Income & Growth Fund (AIGYX)   Alpine Global Dynamic Dividend Fund (AGD)
Alpine U.S. Real Estate Equity Fund (EUEYX)   Alpine Global Premier Properties Fund (AWP)
Alpine Dynamic Dividend Fund (ADVDX)
Alpine Dynamic Financial Services Fund (ADFSX)
Alpine Dynamic Innovators Fund (ADINX)
Alpine Dynamic Balance Fund (ADBYX)
Alpine Ultra Short Tax Optimized Income Fund (ATOIX)
Alpine Dynamic Transformations Fund (ADTRX)
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.