Company Website: http://www.alpinefunds.com
PURCHASE, N.Y. -- (Business Wire)

The Board of Trustees of Alpine Global Premier Properties Fund (NYSE:AWP) announced the same regular monthly distribution for the month of May 2015 as it had paid in the previous month.

Alpine Global Premier Properties Fund (AWP) $0.05 per share

Dates related to the distribution declaration for the Fund is as follows:

The Fund’s monthly distributions may consist of net investment income, net realized capital gains and /or a return of capital. If a distribution includes anything other than net investment income, the Fund will provide a notice of the best estimate of its distribution sources when distributed, which will be posted on the Fund’s website, or can be obtained by calling 1-800-617-7616. A return of capital distribution does not necessarily reflect the Funds’ investment performance and should not be confused with “yield” or “income”. Final determination of the federal income tax characteristics of distributions paid during calendar year will be provided on U.S. Form 1099-DIV, which will be mailed to shareholders. Over the past five years, Alpine Global Premier Properties Fund (“AWP”) paid a portion of each of the distributions in years 2011 (36%), 2012 (33.7%), 2013 (32%) and 2014 (47%) through a return of capital as determined at the end of each year and reported on the U.S. Form 1099-DIV issued for each year. AWP did not pay any distributions through a return of capital in 2009 or 2010 as determined at the end of each year. Please consult your tax advisor for further information.

AWP has previously adopted a level distribution policy under which AWP anticipates making monthly distributions of $0.05 per share and intends to manage its monthly distributions to include amounts that have otherwise been paid through a year-end special distribution. This amount may be adjusted from time to time depending on current market conditions and the projected performance of the Fund. AWP’s level distribution policy is subject to regular review by the Board of Trustees. There can be no assurance that the amount of AWP’s monthly distributions will be maintained or that this level distribution policy will not be discontinued or substantially modified in the future.

An investment in this Fund 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 Fund’s 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.

Risks associated with AWP include 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.

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.

This release contains forward-looking statements based on currently available information. The Fund’s actual results could differ materially from those anticipated due to various risks and uncertainties. Alpine Global Premier Properties Fund is a closed-end fund and does 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.

Contacts:

Investors:
Alpine Woods Capital Investors, LLC
Marc Rappaport, 914-251-0880

Source: Alpine Woods Capital Investors, LLC