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:

Ex-Distribution
   

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 www.alpinecef.com.

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