Joel Wells, co-portfolio manager of the Alpine Global Premier Properties Fund (NYSE: AWP), discussed how the Fund has performed over the past quarter "The Fund performed quite well. Underpinning some of that outperformance was really the performance in the developed markets… and the tilt towards cyclical plays versus interest rate sensitive help benefit the fund." "When we evaluate the positioning of the fund(s) we generally look at signposts in three broad categories; the political, the central bank, and then the operating fundamentals of global real estate" explains Joel Wells. "We continue to reduce our overweight position in the U.S. and continue to increase our overweight position in Europe as we talked about at the prior call. Europe continues to have faster earnings growth than the United States and it also trades at a discount to valuations, based on P.E. or projected P.E. over the next several years. So we still like Europe and we still continue to overweight it." said Josh Duitz, co-portfolio manager of Alpine's dividend funds. The podcast is available for download at (https://www.webcaster4.com/Webcast/ListenPage?companyId=1589&webcastId=22131) . To learn more about the funds please visit our website www.alpinefunds.com or call us at 1-800-617-7616. An investment in these Funds presents a number of risks and is not suitable for all investors. Investors should carefully review and consider potential risks before investing. An investment in the Funds' common shares is subject to investment risk, including the possible loss of the entire principal amount that you invest. Your investment in common shares represents an indirect investment in the securities owned by the Fund most of which are traded on a national securities exchange or in the over-the-counter markets. The value of these securities, like other market investments, may move up or down, sometimes rapidly and unpredictably. Your common shares at any point in time may be worth less than your original investment, even after considering the reinvestment of Fund dividends and distributions. Other risks associated with investing in AOD and AGD include, but are not limited to, risks involved with smaller and medium sized companies, illiquid, foreign and restricted securities, and short-term trading. The Funds' strategy of investing in dividend-paying stocks involves the risk that such stocks may fall out favor with investors and underperform the market. In addition, there is the possibility that such companies could reduce or eliminate the payment of dividends in the future. The Funds may hold securities for short periods of time related to the dividend payment periods and may experience loss during those periods. Risks associated with AWP i nclude, but are not limited to, risks involved with foreign securities which will involve greater volatility and political, economic and currency risks and differences in accounting methods. Because real estate funds concentrate their investments in the real estate industry, the portfolio may experience more volatility and be exposed to greater risk than the portfolios of many other mutual funds. Risks associated with investment in securities of companies in the real estate industry may include: declines in the value of real estate, overbuilding and increased competition; increases in property taxes and operating expenses; changes in zoning laws; casualty or condemnation losses; variations in rental income, neighborhood values, changes in interest rates and changes in economic conditions. Earnings growth is not representative of the Funds' future performance. Mutual fund investing involves risk. Principal loss is possible. More information about the Funds is available on www.alpinefunds.com.
Based in Westchester, New York, Alpine Woods Capital Investors, LLC was founded in 1998.Investor Contact: Patrick Coyne, Alpine Woods Capital Investors, LLC, 914.251.0880 The views expressed are as of the date specified and are subject to change based on changes in market, economic and other conditions. These opinions are not intended to be a forecast of future events, a guarantee of future results or legal, tax or investment advice 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, Alpine Global Dynamic Dividend Fund and Alpine Global Premier Properties 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 Related Documents section of the website, www.alpinefunds.com, 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. Alpine Woods Capital Investors, LLC advises Alpine's closed-end funds. Quasar Distributors, LLC provides filing administration for Alpine's closed-end funds. The Funds are not bought or sold through Quasar Distributors. Attachments: A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/f1ae1e29-4aab-4fa4-a500-9f9cadcb3d0e
Patrick CoyneAlpine Woods Capital Investors, LLC914.firstname.lastname@example.org