Key Developments: Alpine Total Dynamic Dividend Fund (AOD)

Alpine Total Dynamic Dividend Fund Announces New Share Repurchase Plan
Wednesday, 27 Feb 2013 08:15am EST 

Alpine Total Dynamic Dividend Fund announced that Board of Trustees, as part of an ongoing evaluation of strategic options focusing on enhancing shareholder value, has authorized a share repurchase plan. Under the Repurchase Plan the Fund may purchase, in the open market, outstanding common shares. The amount and timing of repurchases will be at the discretion of the Fund's investment adviser, Alpine Woods Capital Investors, LLC. The Repurchase Plan allows the Fund to acquire shares in the open market at a discount to NAV, which benefits remaining shareholders by increasing the NAV per share. The Fund's repurchase activity will be disclosed in shareholder report for the relevant fiscal period. There is no assurance that the Fund will repurchase shares at any specific discount levels or in any specific amounts. There is also no assurance that the market price of the Fund's shares, either absolute or relative to NAV, will increase as a result of any share repurchases, or that the Repurchase Plan will enhance shareholder value over the long-term. The Board will continue to monitor the Repurchase Plan, which can be terminated at any time.  Full Article