EX-99.12(C) 12 c77712_ex99-12c.htm

EX-99.12(c)

 

Notice to shareholders regarding the Fund’s distributions

 

We are providing shareholders of the Fund listed below with information concerning the portion of the distribution made November 29, 2013 that was from a source other than net investment book income. No action is required on your part.

 

Alpine Global Premier Properties Fund (AWP)

 

You should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the managed distribution plan. The amounts and sources of distributions reported in this notice are estimates based upon fiscal year-to-date activity, are not being provided for tax reporting purposes and may later be determined to be from taxable net investment income, short-term gains, long-term gains (to the extent permitted by law), and return of capital. The actual amounts and sources for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of the fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

 

Distribution Estimate1

 

         Current Distribution  Current Distribution (%)      
                   
Fund
Ticker		  Fiscal
Year
End		  Total Current
Distribution		  Net
Investment
Income		  Short
Term
Gains		  Long
Term
Gains		  Return
of
Capital		  Net
Investment
Income		  Short
Term
Gains		  Long
Term
Gains		  Return
of
Capital		  Current
Annualized
Distribution
Rate on
NAV 1		  Five Year
Average
Annual Total
Return on
NAV 1
AWP  31-Oct-14  0.0500  0.0000  -  -  0.0500  0.0%  0.0%  0.0%  100.0%  7.34%  22.35%
                                    
         Cumulative Distribution  Cumulative Distribution (%)      
                   
Fund
Ticker		  Fiscal
Year
End		  Total
Distributions
Fiscal YTD1		  Net
Investment
 Income		  Short
Term
Gains		  Long
Term
Gains		  Return
of
Capital		  Net
Investment
Income		  Short
Term
Gains		  Long
Term
Gains		  Return
of
Capital		  Cumulative Fiscal YTD Distributions
as a % of
NAV 1		  Cumulative
Fiscal YTD Total
Return on
NAV 1
AWP  31-Oct-13  0.6000  0.3749  -  -  0.2251  62.5%  0.0%  0.0%  37.5%  7.34%  14.04%

 

1Based on the Fund’s NAV as of October 31, 2013

 

While NAV performance may be indicative of the Fund’s investment performance, it does not measure the value of a shareholder’s investment in the Fund. The value of a shareholder’s investment is determined by the Fund’s market price, which is based on the supply and demand for the Fund’s shares in the open market.

 

The payment of dividend distributions in accordance with the managed distribution policy may result in a decrease in the Fund’s net assets. A decrease in the Fund’s net assets may cause an increase in the Fund’s annual operating expenses and a decrease in the Fund’s market price per share to the extent the market price correlates closely to the Fund’s net asset value per share. The managed distribution policy may also negatively affect the Fund’s investment activities to the extent that the Fund is required to hold larger cash positions than it typically would hold or to the extent that the Fund must liquidate securities that it would not have sold, for the purpose of paying the dividend distribution. The managed distribution policy may, under certain circumstances, cause the amounts of taxable distributions to exceed the amount minimally required to be distributed under the tax rules, such excess will be taxable as ordinary income to the extent loss carry forwards reduce the required amount of capital gains distributions in that year. The Board of Trustees has the right to amend, suspend or terminate the managed distribution policy at any time. The amendment, suspension or termination of the managed distribution policy may affect the Fund’s market price per share. Shareholders of shares of the Fund held in taxable accounts who receive a dividend distribution (including shareholders who reinvest in shares of the Fund pursuant to the Fund’s dividend reinvestment plan) must adjust the cost basis to the extent that a dividend distribution contains a return of capital. Investors should consult their tax advisor regarding federal, state, and local tax considerations that may be applicable in their particular circumstances.

 

00108784

 

Notice to shareholders regarding the Fund’s distributions

 

We are providing shareholders of the Fund listed below with information concerning the portion of the distribution made December 31, 2013 that was from a source other than net investment book income. No action is required on your part.

 

Alpine Global Premier Properties Fund (AWP)

 

You should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the managed distribution plan. The amounts and sources of distributions reported in this notice are estimates based upon fiscal year-to-date activity, are not being provided for tax reporting purposes and may later be determined to be from taxable net investment income, short-term gains, long-term gains (to the extent permitted by law), and return of capital. The actual amounts and sources for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of the fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

 

Distribution Estimate1

 

         Current Distribution  Current Distribution (%)      
                   
Fund Ticker  Fiscal
Year
End		  Total Current
Distribution		  Net
Investment
Income		  Short
Term
Gains		  Long
Term
Gains		  Return
of
Capital		  Net
Investment
Income		  Short
Term
Gains		  Long
Term
Gains		  Return
of
Capital		  Current
Annualized
Distribution
Rate on
NAV 1		  Five Year
Average
Annual Total
Return on
 NAV 1
AWP  31-Oct-14  0.0500  0.0301  -  -  0.0199  60.1%  0.0%  0.0%  39.9%  7.54%  25.00%
                                    
         Cumulative Distribution  Cumulative Distribution (%)      
                   
Fund Ticker  Fiscal
Year
End		  Total
Distributions
Fiscal YTD1		  Net
Investment
Income		  Short
Term
Gains		  Long
Term
Gains		  Return
of
Capital		  Net
Investment
Income		  Short
Term
Gains		  Long
Term
Gains		  Return
of
Capital		  Cumulative
Fiscal YTD
Distributions
as a % of
 NAV 1		  Cumulative
Fiscal YTD
Total
Return on NAV 1
AWP  31-Oct-14  0.1000  0.0601  -  -  0.0399  60.1%  0.0%  0.0%  39.9%  1.26%  -1.88%

 

1Based on the Fund’s NAV as of November 29, 2013

 

While NAV performance may be indicative of the Fund’s investment performance, it does not measure the value of a shareholder’s investment in the Fund. The value of a shareholder’s investment is determined by the Fund’s market price, which is based on the supply and demand for the Fund’s shares in the open market.

 

The payment of dividend distributions in accordance with the managed distribution policy may result in a decrease in the Fund’s net assets. A decrease in the Fund’s net assets may cause an increase in the Fund’s annual operating expenses and a decrease in the Fund’s market price per share to the extent the market price correlates closely to the Fund’s net asset value per share. The managed distribution policy may also negatively affect the Fund’s investment activities to the extent that the Fund is required to hold larger cash positions than it typically would hold or to the extent that the Fund must liquidate securities that it would not have sold, for the purpose of paying the dividend distribution. The managed distribution policy may, under certain circumstances, cause the amounts of taxable distributions to exceed the amount minimally required to be distributed under the tax rules, such excess will be taxable as ordinary income to the extent loss carry forwards reduce the required amount of capital gains distributions in that year. The Board of Trustees has the right to amend, suspend or terminate the managed distribution policy at any time. The amendment, suspension or termination of the managed distribution policy may affect the Fund’s market price per share. Shareholders of shares of the Fund held in taxable accounts who receive a dividend distribution (including shareholders who reinvest in shares of the Fund pursuant to the Fund’s dividend reinvestment plan) must adjust the cost basis to the extent that a dividend distribution contains a return of capital. Investors should consult their tax advisor regarding federal, state, and local tax considerations that may be applicable in their particular circumstances.

 

00110277

 

Notice to shareholders regarding the Fund’s distributions

 

We are providing shareholders of the Fund listed below with information concerning the portion of the distribution made January 31, 2014 that was from a source other than net investment book income. No action is required on your part.

 

Alpine Global Premier Properties Fund (AWP)

 

You should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the managed distribution plan. The amounts and sources of distributions reported in this notice are estimates based upon fiscal year-to-date activity, are not being provided for tax reporting purposes and may later be determined to be from taxable net investment income, short-term gains, long-term gains (to the extent permitted by law), and return of capital. The actual amounts and sources for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of the fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

 

Distribution Estimate1                                        
            Current Distribution   Current Distribution (%)        
                         
Fund
Ticker		   Fiscal
Year
End		   Total
Current
Distribution		   Net
Investment
Income		   Short
Term
Gains		   Long
Term
Gains		   Return
of
Capital		   Net
Investment
Income		   Short
Term
Gains		   Long
Term
Gains		   Return
of
Capital		   Current
Annualized
Distribution
Rate on
NAV 1		   Five Year
Average
Annual Total
Return on NAV 1
AWP   31-Oct-14   0.0500   0.0140   -   -   0.0360   28.0%   0.0%   0.0%   72.0%   7.40%   21.64%
                                               
            Cumulative Distribution   Cumulative Distribution (%)        
                         
Fund
Ticker		   Fiscal
Year
End		   Total
Distributions
Fiscal YTD1		   Net
Investment
Income		   Short
Term
Gains		   Long
Term
Gains		   Return
of
Capital		   Net
Investment
Income		   Short
Term
Gains		   Long
Term
Gains		   Return
of
Capital		   Cumulative
Fiscal YTD
Distributions
as a % of
NAV 1		   Cumulative
Fiscal
YTD Total
Return on
NAV 1
AWP   31-Oct-14   0.1500   0.0420   -   -   0.1080   28.0%   0.0%   0.0%   72.0%   1.85%   0.66%

 

1Based on the Fund’s NAV as of December 31, 2013

 

While NAV performance may be indicative of the Fund’s investment performance, it does not measure the value of a shareholder’s investment in the Fund. The value of a shareholder’s investment is determined by the Fund’s market price, which is based on the supply and demand for the Fund’s shares in the open market.

 

The payment of dividend distributions in accordance with the managed distribution policy may result in a decrease in the Fund’s net assets. A decrease in the Fund’s net assets may cause an increase in the Fund’s annual operating expenses and a decrease in the Fund’s market price per share to the extent the market price correlates closely to the Fund’s net asset value per share. The managed distribution policy may also negatively affect the Fund’s investment activities to the extent that the Fund is required to hold larger cash positions than it typically would hold or to the extent that the Fund must liquidate securities that it would not have sold, for the purpose of paying the dividend distribution. The managed distribution policy may, under certain circumstances, cause the amounts of taxable distributions to exceed the amount minimally required to be distributed under the tax rules, such excess will be taxable as ordinary income to the extent loss carry forwards reduce the required amount of capital gains distributions in that year. The Board of Trustees has the right to amend, suspend or terminate the managed distribution policy at any time. The amendment, suspension or termination of the managed distribution policy may affect the Fund’s market price per share. Shareholders of shares of the Fund held in taxable accounts who receive a dividend distribution (including shareholders who reinvest in shares of the Fund pursuant to the Fund’s dividend reinvestment plan) must adjust the cost basis to the extent that a dividend distribution contains a return of capital. Investors should consult their tax advisor regarding federal, state, and local tax considerations that may be applicable in their particular circumstances.

 

Notice to shareholders regarding the Fund’s distributions

 

We are providing shareholders of the Fund listed below with information concerning the portion of the distribution made February 28, 2014 that was from a source other than net investment book income. No action is required on your part.

 

Alpine Global Premier Properties Fund (AWP)

 

You should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the managed distribution plan. The amounts and sources of distributions reported in this notice are estimates based upon fiscal year-to-date activity, are not being provided for tax reporting purposes and may later be determined to be from taxable net investment income, short-term gains, long-term gains (to the extent permitted by law), and return of capital. The actual amounts and sources for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of the fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

 

Distribution Estimate1                                    
            Current Distribution   Current Distribution (%)        
Fund
Ticker		   Fiscal
Year
End		   Total
Current
Distribution		   Net
Investment
Income		   Short
Term
Gains		   Long
Term
Gains		   Return
of
Capital		   Net
Investment
Income		   Short
Term
Gains		   Long
Term
Gains		   Return
of
Capital		   Current
Annualized
Distribution
Rate on
NAV 1		   Five Year
Average
Annual Total
Return on
NAV 1
AWP   31-Oct-14   0.0500   0.0292   -   -   0.0208   58.4%   0.0%   0.0%   41.6%   7.73%   23.07%
                                               
            Cumulative Distribution   Cumulative Distribution (%)        
Fund
Ticker		   Fiscal
Year
End		   Total
Distributions
Fiscal YTD1		   Net
Investment
Income		   Short
Term
Gains		   Long
Term
Gains		   Return
of
Capital		   Net
Investment
Income		   Short
Term
Gains		   Long
Term
Gains		   Return
of
Capital		   Cumulative
Fiscal YTD
Distributions
as a % of
NAV 1		   Cumulative
Fiscal
YTD Total
Return on
NAV 1
AWP   31-Oct-14   0.2000   0.1167   -   -   0.0833   58.4%   0.0%   0.0%   41.6%   2.58%   -2.98%

 

1Based on the Fund’s NAV as of January 31, 2014

 

While NAV performance may be indicative of the Fund’s investment performance, it does not measure the value of a shareholder’s investment in the Fund. The value of a shareholder’s investment is determined by the Fund’s market price, which is based on the supply and demand for the Fund’s shares in the open market.

 

The payment of dividend distributions in accordance with the managed distribution policy may result in a decrease in the Fund’s net assets. A decrease in the Fund’s net assets may cause an increase in the Fund’s annual operating expenses and a decrease in the Fund’s market price per share to the extent the market price correlates closely to the Fund’s net asset value per share. The managed distribution policy may also negatively affect the Fund’s investment activities to the extent that the Fund is required to hold larger cash positions than it typically would hold or to the extent that the Fund must liquidate securities that it would not have sold, for the purpose of paying the dividend distribution. The managed distribution policy may, under certain circumstances, cause the amounts of taxable distributions to exceed the amount minimally required to be distributed under the tax rules, such excess will be taxable as ordinary income to the extent loss carry forwards reduce the required amount of capital gains distributions in that year. The Board of Trustees has the right to amend, suspend or terminate the managed distribution policy at any time. The amendment, suspension or termination of the managed distribution policy may affect the Fund’s market price per share. Shareholders of shares of the Fund held in taxable accounts who receive a dividend distribution (including shareholders who reinvest in shares of the Fund pursuant to the Fund’s dividend reinvestment plan) must adjust the cost basis to the extent that a dividend distribution contains a return of capital. Investors should consult their tax advisor regarding federal, state, and local tax considerations that may be applicable in their particular circumstances.

 

00113681

 

Notice to shareholders regarding the Fund’s distributions

 

We are providing shareholders of the Fund listed below with information concerning the portion of the distribution made March 31, 2014 that was from a source other than net investment book income. No action is required on your part.

 

Alpine Global Premier Properties Fund (AWP)

 

You should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the managed distribution plan. The amounts and sources of distributions reported in this notice are estimates based upon fiscal year-to-date activity, are not being provided for tax reporting purposes and may later be determined to be from taxable net investment income, short-term gains, long-term gains (to the extent permitted by law), and return of capital. The actual amounts and sources for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of the fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

 

Distribution Estimate1                                    
            Current Distribution   Current Distribution (%)        
                                                 
Fund
Ticker		   Fiscal
Year
End		   Total
Current
Distribution		   Net
Investment
Income		   Short
Term
Gains		   Long
Term
Gains		   Return
of
Capital		   Net
Investment
Income		   Short
Term
Gains		   Long
Term
Gains		   Return
of
Capital		   Current
Annualized
Distribution
Rate on
NAV 1		   Five Year
Average
Annual Total
Return on
NAV 1
AWP   31-Oct-14   0.0500   0.0288   -   -   0.0212   57.7%   0.0%   0.0%   42.3%   7.51%   28.25%
                                               
            Cumulative Distribution   Cumulative Distribution (%)        
                                                 
Fund
Ticker		   Fiscal
Year
End		   Total
Distributions
Fiscal YTD1		   Net
Investment
Income		   Short
Term
Gains		   Long
Term
Gains		   Return
of
Capital		   Net
Investment
Income		   Short
Term
Gains		   Long
Term
Gains		   Return
of
Capital		   Cumulative
Fiscal YTD
Distributions
as a % of
NAV 1		   Cumulative
Fiscal
YTD Total
Return on
NAV 1
AWP   31-Oct-14   0.2500   0.1442   -   -   0.1058   57.7%   0.0%   0.0%   42.3%   3.13%   0.59%

 

1Based on the Fund’s NAV as of February 28, 2014

 

While NAV performance may be indicative of the Fund’s investment performance, it does not measure the value of a shareholder’s investment in the Fund. The value of a shareholder’s investment is determined by the Fund’s market price, which is based on the supply and demand for the Fund’s shares in the open market.

 

The payment of dividend distributions in accordance with the managed distribution policy may result in a decrease in the Fund’s net assets. A decrease in the Fund’s net assets may cause an increase in the Fund’s annual operating expenses and a decrease in the Fund’s market price per share to the extent the market price correlates closely to the Fund’s net asset value per share. The managed distribution policy may also negatively affect the Fund’s investment activities to the extent that the Fund is required to hold larger cash positions than it typically would hold or to the extent that the Fund must liquidate securities that it would not have sold, for the purpose of paying the dividend distribution. The managed distribution policy may, under certain circumstances, cause the amounts of taxable distributions to exceed the amount minimally required to be distributed under the tax rules, such excess will be taxable as ordinary income to the extent loss carry forwards reduce the required amount of capital gains distributions in that year. The Board of Trustees has the right to amend, suspend or terminate the managed distribution policy at any time. The amendment, suspension or termination of the managed distribution policy may affect the Fund’s market price per share. Shareholders of shares of the Fund held in taxable accounts who receive a dividend distribution (including shareholders who reinvest in shares of the Fund pursuant to the Fund’s dividend reinvestment plan) must adjust the cost basis to the extent that a dividend distribution contains a return of capital. Investors should consult their tax advisor regarding federal, state, and local tax considerations that may be applicable in their particular circumstances.

 

00115475

 

 Notice to shareholders regarding the Fund’s distributions

 

We are providing shareholders of the Fund listed below with information concerning the portion of the distribution made April 30, 2014 that was from a source other than net investment book income. No action is required on your part.

 

Alpine Global Premier Properties Fund (AWP)

 

You should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the managed distribution plan. The amounts and sources of distributions reported in this notice are estimates based upon fiscal year-to-date activity, are not being provided for tax reporting purposes and may later be determined to be from taxable net investment income, short-term gains, long-term gains (to the extent permitted by law), and return of capital. The actual amounts and sources for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of the fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

 

Distribution Estimate1

 

         Current Distribution  Current Distribution (%)      
                   
Fund
Ticker		  Fiscal
Year End		  Total
Current
Distribution		  Net
Investment
Income		  Short
Term
Gains		  Long
Term
Gains		  Return
of
Capital		  Net
Investment
Income		  Short
Term
Gains		  Long
Term
Gains		  Return
of
Capital		  Current
Annualized
Distribution
Rate on
NAV 1		  Five Year
Average
Annual Total
Return on
NAV 1
AWP  31-Oct-14  0.0500  0.0274  -  -  0.0226  54.8%  0.0%  0.0%  45.2%  7.47%  26.06%
                                    
         Cumulative Distribution  Cumulative Distribution (%)      
                   
Fund
Ticker		  Fiscal
Year
End		  Total
Distributions
Fiscal
YTD1		  Net
Investment
Income		  Short
Term
Gains		  Long
Term
Gains		  Return
of
Capital		  Net
Investment
Income		  Short
Term
Gains		  Long
Term
Gains		  Return
of
Capital		  Cumulative
Fiscal YTD
Distributions
as a % of
NAV 1		  Cumulative
Fiscal YTD
Total Return
on NAV 1
AWP  31-Oct-14  0.3000  0.1643  -  -  0.1357  54.8%  0.0%  0.0%  45.2%  3.74%  1.80%

 

1Based on the Fund’s NAV as of March 31, 2014

 

While NAV performance may be indicative of the Fund’s investment performance, it does not measure the value of a shareholder’s investment in the Fund. The value of a shareholder’s investment is determined by the Fund’s market price, which is based on the supply and demand for the Fund’s shares in the open market.

 

The payment of dividend distributions in accordance with the managed distribution policy may result in a decrease in the Fund’s net assets. A decrease in the Fund’s net assets may cause an increase in the Fund’s annual operating expenses and a decrease in the Fund’s market price per share to the extent the market price correlates closely to the Fund’s net asset value per share. The managed distribution policy may also negatively affect the Fund’s investment activities to the extent that the Fund is required to hold larger cash positions than it typically would hold or to the extent that the Fund must liquidate securities that it would not have sold, for the purpose of paying the dividend distribution. The managed distribution policy may, under certain circumstances, cause the amounts of taxable distributions to exceed the amount minimally required to be distributed under the tax rules, such excess will be taxable as ordinary income to the extent loss carry forwards reduce the required amount of capital gains distributions in that year. The Board of Trustees has the right to amend, suspend or terminate the managed distribution policy at any time. The amendment, suspension or termination of the managed distribution policy may affect the Fund’s market price per share. Shareholders of shares of the Fund held in taxable accounts who receive a dividend distribution (including shareholders who reinvest in shares of the Fund pursuant to the Fund’s dividend reinvestment plan) must adjust the cost basis to the extent that a dividend distribution contains a return of capital. Investors should consult their tax advisor regarding federal, state, and local tax considerations that may be applicable in their particular circumstances.