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

The Board of Trustees of Alpine Total Dynamic Dividend Fund (NYSE: AOD) and Alpine Global Dynamic Dividend Fund (NYSE: AGD) approved an increase to the monthly distribution of each of the Funds commencing May 2015.

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

The Funds’ 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 Funds will provide a notice of the best estimate of its distribution sources when distributed, which will be posted on the Funds’ 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 Dynamic Dividend Fund and Alpine Total Dynamic Dividend Fund did not pay any distribution through a return of capital as determined at the end of each year. Please consult your tax advisor for further information.

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.

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 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 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:

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

Source: Alpine Woods Capital Investors, LLC