EX-99.12C 14 c79285_ex99-12c.htm

EX-99.12c

 

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 May 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 (%)     Five Year
        Total   Net   Short   Long   Return   Net   Short   Long   Return   Current
Annualized		   Average
Annual Total
Fund   Fiscal Year   Current   Investment   Term   Term   of   Investment   Term   Term   of   Distribution Rate   Return on
Ticker   End   Distribution   Income   Gains   Gains   Capital   Income   Gains   Gains   Capital   on NAV 1   NAV 1
AWP   31-Oct-14   0.0500   0.0316   —   —   0.0184   63.3%   0.0%   0.0%   36.7%   7.51%   20.31%
        .                                        
            Cumulative Distribution   Cumulative Distribution (%)   Cumulative   Cumulative
        Total   Net   Short   Long   Return   Net   Short   Long   Return   Fiscal YTD   Fiscal YTD
Fund   Fiscal Year   Distributions   Investment   Term   Term   of   Investment   Term   Term   of   Distributions as a   Total Return
Ticker   End   Fiscal YTD1   Income   Gains   Gains   Capital   Income   Gains   Gains   Capital   % of NAV 1   on NAV 1
AWP   31-Oct-14   0.3500   0.2215   —   —   0.1285   63.3%   0.0%   0.0%   36.7%   4.38%   2.00%

 

1Based on the Fund’s NAV as of April 30, 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.

 

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 June 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 (%)       Five Year
        Total   Net   Short   Long   Return   Net   Short   Long   Return   Current
Annualized		   Average
Annual Total
Fund   Fiscal Year   Current   Investment   Term   Term   of   Investment   Term   Term   of   Distribution Rate   Return on
Ticker   End   Distribution   Income   Gains   Gains   Capital   Income   Gains   Gains   Capital   on NAV 1   NAV 1
AWP   31-Oct-14   0.0500   0.0364   —   —   0.0136   72.8%   0.0%   0.0%   27.2%   7.32%   17.74%
        .                                        
            Cumulative Distribution   Cumulative Distribution (%)   Cumulative   Cumulative
    Total   Net   Short   Long   Return   Net   Short   Long   Return   Fiscal YTD   Fiscal YTD
Fund   Fiscal Year   Distributions   Investment   Term   Term   of   Investment   Term   Term   of   Distributions as a   Total Return
Ticker   End   Fiscal YTD1   Income   Gains   Gains   Capital   Income   Gains   Gains   Capital   % of NAV 1   on NAV 1
AWP   31-Oct-14   0.4000   0.2910   —   —   0.1090   72.8%   0.0%   0.0%   27.2%   4.88%   5.39%

 

1Based on the Fund’s NAV as of May 30, 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.

 

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 July 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 (%)       Five Year
        Total   Net   Short   Long   Return   Net   Short   Long   Return   Current
Annualized		   Average
Annual Total
Fund   Fiscal Year   Current   Investment   Term   Term   of   Investment   Term   Term   of   Distribution Rate   Return on
Ticker   End   Distribution   Income   Gains   Gains   Capital   Income   Gains   Gains   Capital   on NAV 1   NAV 1
AWP   31-Oct-14   0.0500   0.0320   —   —   0.0180   64.0%   0.0%   0.0%   36.0%   7.19%   18.22%
        .                                        
            Cumulative Distribution   Cumulative Distribution (%)   Cumulative   Cumulative
Fund   Fiscal Year   Total
Distributions		   Net
Investment		   Short
Term		   Long
Term		   Return
of		   Net
Investment		   Short
Term		   Long
Term		   Return
of		   Fiscal YTD
Distributions as a		   Fiscal YTD
Total Return
Ticker   End   Fiscal YTD1   Income   Gains   Gains   Capital   Income   Gains   Gains   Capital   % of NAV 1   on NAV 1
AWP   31-Oct-14   0.4500   0.2878   —   —   0.1622   64.0%   0.0%   0.0%   36.0%   5.39%   8.03%

 

1Based on the Fund’s NAV as of June 30, 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.

 

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 August 29, 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 (%)     Five Year
        Total   Net   Short   Long   Return   Net   Short   Long   Return   Current
Annualized		   Average
Annual Total
Fund   Fiscal Year   Current   Investment   Term   Term   of   Investment   Term   Term   of   Distribution Rate   Return on
Ticker   End   Distribution   Income   Gains   Gains   Capital   Income   Gains   Gains   Capital   on NAV 1   NAV 1
AWP   31-Oct-14   0.0500   0.0294   —   —   0.0206   58.8%   0.0%   0.0%   41.2%   7.36%   13.26%
        .                                        
            Cumulative Distribution   Cumulative Distribution (%)   Cumulative   Cumulative
        Total   Net   Short   Long   Return   Net   Short   Long   Return   Fiscal YTD   Fiscal YTD
Fund   Fiscal Year   Distributions   Investment   Term   Term   of   Investment   Term   Term   of   Distributions as a   Total Return
Ticker   End   Fiscal YTD1   Income   Gains   Gains   Capital   Income   Gains   Gains   Capital   % of NAV 1   on NAV 1
AWP   31-Oct-14   0.5000   0.2941   —   —   0.2059   58.8%   0.0%   0.0%   41.2%   6.13%   6.90%

 

1Based on the Fund’s NAV as of July 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.

 

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 September 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 (%)       Five Year
Fund   Fiscal Year   Total
Current		   Net
Investment		   Short
Term		   Long
Term		   Return
of		   Net
Investment		   Short
Term		   Long
Term		   Return
of		   Current
Annualized
Distribution Rate		   Average
Annual Total
Return on
Ticker   End   Distribution   Income   Gains   Gains   Capital   Income   Gains   Gains   Capital   on NAV 1   NAV 1
AWP   31-Oct-14   0.0500   0.0286   —   —   0.0214   57.2%   0.0%   0.0%   42.8%   7.36%   13.26%
        .                                        
            Cumulative Distribution   Cumulative Distribution (%)   Cumulative   Cumulative
Fund   Fiscal Year   Total
Distributions		   Net
Investment		   Short
Term		   Long Term   Return
of		   Net
Investment		   Short
Term		   Long
Term		   Return
of		   Fiscal YTD
Distributions as a 		  Fiscal YTD
Total Return
Ticker   End   Fiscal YTD1   Income   Gains   Gains   Capital   Income   Gains   Gains   Capital   % of NAV 1   on NAV 1
AWP   31-Oct-14   0.5500   0.3148   —   —   0.2352   57.2%   0.0%   0.0%   42.8%   6.75%   6.90%

 

1Based on the Fund’s NAV as of August 29, 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.

 

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 October 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 (%)       Five Year
Fund   Fiscal Year   Total
Current		   Net
Investment		   Short
Term		   Long
Term		   Return
of		   Net
Investment		   Short
Term		   Long
Term		   Return
of		   Current
Annualized
Distribution Rate		   Average
Annual Total
Return on
Ticker   End   Distribution   Income   Gains   Gains   Capital   Income   Gains   Gains   Capital   on NAV 1   NAV 1
AWP   31-Oct-14   0.0500   0.0258   —   —   0.0242   51.5%   0.0%   0.0%   48.5%   7.74%   10.30%
        .                                        
            Cumulative Distribution   Cumulative Distribution (%)   Cumulative   Cumulative
Fund   Fiscal Year   Total
Distributions		   Net
Investment		   Short
Term		   Long
Term		   Return
of		   Net
Investment		   Short
Term		   Long
Term		   Return
of		   Fiscal YTD
Distributions as a		   Fiscal YTD
Total Return
Ticker   End   Fiscal YTD1   Income   Gains   Gains   Capital   Income   Gains   Gains   Capital   % of NAV 1   on NAV 1
AWP   31-Oct-14   0.6000   0.3093   —   —   0.2907   51.5%   0.0%   0.0%   48.5%   7.74%   2.39%

 

1Based on the Fund’s NAV as of September 30, 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.