Alpine Woods Capital Investors, LLC (Alpine), the investment adviser to the Alpine Funds, announced today a new investment team for its Dynamic Dividend Funds that it believes will enhance and broaden the portfolio management of the funds. The changes are effective immediately and include the following funds: Alpine Total Dynamic Dividend Fund (AOD), Alpine Global Dynamic Dividend Fund (AGD), and Alpine Dynamic Dividend Fund (ADVDX/ADAVX) (the “Funds”). The new investment team is led by newly appointed co-portfolio managers Joshua Duitz and Brian Hennessey, who are responsible for the day to day management of the portfolios, and have a combined 30 years of industry experience. The investment team also includes experienced Alpine portfolio managers and research analysts, who will provide analysis and recommendations regarding the sectors they cover. Importantly, the team includes Samuel A. Lieber, CEO, Stephen A. Lieber, CIO, and Bruce Ebnother, Senior Investment Risk Strategist, who will provide strategic oversight. Mr. Duitz and Mr. Hennessey previously served as associate portfolio managers of Alpine Dynamic Dividend Fund. The previous co-portfolio managers of the Funds are no longer part of the investment team. “We are pleased to announce this change to a team approach for our Dynamic Dividend Funds,” said Alpine CEO Samuel Lieber. “This select Alpine team, led by Josh and Brian, bring a depth and breadth of knowledge and experience to the management of these Funds.” Mr. Duitz currently manages Alpine Global Infrastructure Fund and has since its inception in 2008. He joined Alpine in February 2007 after eight years at Bear Stearns, where he was a Managing Director Principal who specialized in trading international equities. Mr. Duitz is a Certified Public Accountant and earned his bachelor’s degree in Business Administration from Emory University. He also received his M.B.A. from the Wharton School of Business where he graduated with honors.