Key Developments: Alpine Global Premier Properties Fund (AWP)
7.50USD
18 Jun 2013
$0.01 (+0.13%)
$7.49
$7.52
$7.53
$7.45
284,130
335,185
$8.98
$6.08
Latest Key Developments (Source: Significant Developments)
Alpine Global Premier Properties Fund Declares Regular Monthly Distributions For July, August And September 2012
Alpine Global Premier Properties Fund announced the same regular monthly distribution of $0.05 per share for the months of July, August and September 2012 as in the previous three months. Full Article
Alpine Global Premier Properties Fund Announces Approval Of Tender Offer
Alpine Global Premier Properties Fund announced that its Board of Trustees (the Board) has approved a tender offer (the Offer) to purchase up to 20% of its issued and outstanding common shares (or approximately 21,489,143 shares as of May 15, 2012), no par value per share. The Fund currently anticipates that it will commence the Offer this week In connection with the Offer, the Fund has suspended any purchases of common shares in the open market pursuant to its previously announced Share Repurchase Plan. Under the Offer, shareholders will have the opportunity to tender some or all of their common shares at a price equal to 95% of the net asset value (NAV) per share, determined as of the close of the regular trading session of the New York Stock Exchange (the NYSE), the principal market on which the shares are traded, on the business day immediately following the day the Offer expires (the Purchase Price). If more than 20% of the shares are properly tendered and not properly withdrawn, the Fund will purchase shares tendered on a pro rata basis. Accordingly, shareholders cannot be assured that the Fund will purchase all of their tendered shares. Full Article
Alpine Global Premier Properties Fund Announces New Share Repurchase Plan
Alpine Global Premier Properties Fund announced that its Board of Trustees (Board), as part of an ongoing evaluation of strategic options to seek to enhance shareholder value, has authorized a new Share repurchase plan (Repurchase Plan). Under the Repurchase Plan the Fund may purchase, in the open market, up to 10% of its outstanding common shares effective immediately and going through October 31, 2012. The amount and timing of repurchases will be at the discretion of the Fund’s investment adviser, Alpine Woods Capital Investors, LLC (Adviser), and subject to market conditions and investment considerations. Full Article
Alpine Global Premier Properties Fund Increases Monthly Distribution
Alpine Global Premier Properties Fund announced the monthly distributions for July and August will be increased to a new rate of $0.05 per share and declared a regular distribution for September of $0.05 per share. The Fund has also adopted a new level distribution policy. Under the Fund’s new level distribution policy, the Fund anticipates making monthly distributions of $0.05 per share. This amount may be adjusted from time to time depending on current market conditions and the projected performance of the Fund. The distribution policy will be subject to regular review by the Board of Trustees. There can be no assurance that the amount of the monthly distributions will be maintained or that the new distribution policy will not be discontinued or substantially modified in the future. Full Article
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