The Board of Trustees of the Alpine Total Dynamic Dividend Fund (NYSE: AOD) and Alpine Global Dynamic Dividend Fund (NYSE: AGD) announced the same regular monthly distributions for the Funds for the months of October, November and December 2010 as in the past three months:
Alpine Total Dynamic Dividend Fund (AOD):       $0.055 per share
Alpine Global Dynamic Dividend Fund (AGD): $0.06 per share

Historically, a significant portion of Alpine Global Dynamic Dividend Fund’s dividends have been comprised of income benefiting from lower federal tax rates (called Qualified Dividend Income or QDI). For the reasons discussed in our most recent semi-annual report, this year the Fund will not achieve its goal of generating dividend income of which more than 50% qualifies for QDI treatment. At this time we estimate that between 20% and 30% of income distributed in calendar 2010 will be QDI. This is only an estimate and the amount of QDI may be higher or lower at year end. In addition, QDI tax benefits are set to expire on December 31, 2010 unless Congress changes the law.

Dates related to the distribution declaration for both Funds are as follows:


Date Record Date

Payable Date
October 21, 2010 October 25, 2010 October 29, 2010
November 19, 2010 November 23, 2010 November 30, 2010
December 22, 2010 December 27, 2010 December 31, 2010

More information about the Funds is available on

Based in Westchester, New York, Alpine Woods Capital Investors, LLC was founded in 1998.

This release contains forward-looking statements based on currently available information. The Funds’ actual results could differ materially from those anticipated due to various risks and uncertainties. Alpine Total Dynamic Dividend Fund and Alpine Global Dynamic Dividend Fund are closed-end funds and do not continuously offer or redeem shares. The Funds trade in the secondary market and investors wishing to buy or sell shares must place orders through a financial intermediary or broker.

To read about the Funds, access the Annual and Semi-Annual Reports in the Literature section of the website or call 1-800-617-7616 to receive a copy of the annual and semi-annual reports by mail. An investor should consider the investment objectives, risks, charges and expenses carefully before investing.

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