EX-99.12(C) 15 c82621_ex99-12c.htm

Exhibit 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 29th, 2015 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 (%)        
         Net  Short        Net           Current Annualized  Five Year Average
Fund  Fiscal Year  Total Current  Investment  Term  Long Term  Return of  Investment  Short Term  Long Term  Return of  Distribution Rate on  Annual Total Return
Ticker  End  Distribution  Income  Gains  Gains  Capital  Income  Gains  Gains  Capital  NAV 1  on NAV 1
AWP  31-Oct-15  0.0500  0.0217  -  -  0.0283  43.5%  0.0%  0.0%  56.5%  7.45%  10.70%
      .                              
         Cumulative Distribution  Cumulative Distribution (%)       
      Total  Net  Short        Net           Cumulative Fiscal YTD  Cumulative Fiscal
Fund  Fiscal Year  Distributions  Investment  Term  Long Term  Return of  Investment  Short Term  Long Term  Return of  Distributions as a % of  YTD Total Return on
Ticker  End  Fiscal YTD1  Income  Gains  Gains  Capital  Income  Gains  Gains  Capital  NAV 1  NAV 1
AWP  31-Oct-15  0.3500  0.1522  -  -  0.1978  43.5%  0.0%  0.0%  56.5%  4.35%  7.48%

 

1Based on the Fund’s NAV as of April 30, 2015

 

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 30th, 2015 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 (%)      
         Net  Short        Net           Current Annualized  Five Year Average
Fund  Fiscal Year  Total Current  Investment  Term  Long Term  Return of  Investment  Short Term  Long Term  Return of  Distribution Rate on  Annual Total Return
Ticker  End  Distribution  Income  Gains  Gains  Capital  Income  Gains  Gains  Capital  NAV 1  on NAV 1
AWP  31-Oct-15  0.0500  0.0225  -  -  0.0275  45.1%  0.0%  0.0%  54.9%  7.58%  12.25%
      .                              
         Cumulative Distribution  Cumulative Distribution (%)      
      Total  Net  Short        Net           Cumulative Fiscal YTD  Cumulative Fiscal
Fund  Fiscal Year  Distributions  Investment  Term  Long Term  Return of  Investment  Short Term  Long Term  Return of  Distributions as a % of  YTD Total Return on
Ticker  End  Fiscal YTD1  Income  Gains  Gains  Capital  Income  Gains  Gains  Capital  NAV 1  NAV 1
AWP  31-Oct-15  0.4000  0.1803  -  -  0.2197  45.1%  0.0%  0.0%  54.9%  5.05%  6.51%

 

1Based on the Fund’s NAV as of May 31, 2015

 

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 31st, 2015 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 (%)      
         Net  Short        Net           Current Annualized  Five Year Average
Fund  Fiscal Year  Total Current  Investment  Term  Long Term  Return of  Investment  Short Term  Long Term  Return of  Distribution Rate on  Annual Total Return
Ticker  End  Distribution  Income  Gains  Gains  Capital  Income  Gains  Gains  Capital  NAV 1  on NAV 1
AWP  31-Oct-15  0.0500  0.0200  -  -  0.0300  40.1%  0.0%  0.0%  59.9%  7.58%  11.49%
      .                              
         Cumulative Distribution  Cumulative Distribution (%)       
      Total  Net  Short        Net           Cumulative Fiscal YTD  Cumulative Fiscal
Fund  Fiscal Year  Distributions  Investment  Term  Long Term  Return of  Investment  Short Term  Long Term  Return of  Distributions as a % of  YTD Total Return on
Ticker  End  Fiscal YTD1  Income  Gains  Gains  Capital  Income  Gains  Gains  Capital  NAV 1  NAV 1
AWP  31-Oct-15  0.4500  0.1804  -  -  0.2696  40.1%  0.0%  0.0%  59.9%  5.68%  1.90%

 

1Based on the Fund’s NAV as of June 30, 2015

 

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.

 

00152230

 

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 31st, 2015 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-15   0.0500   0.0188   —   —   0.0312   37.7%   0.0%   0.0%   62.3%   7.99%   9.30%
        .                                        
            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-15   0.5000   0.1884   —   —   0.3116   37.7%   0.0%   0.0%   62.3%   6.66%   2.57%

 

1 Based on the Fund’s NAV as of July 31, 2015

 

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 30th, 2015 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 (%)      
         Net  Short        Net           Current Annualized  Five Year Average
Fund  Fiscal Year  Total Current  Investment  Term  Long Term  Return of  Investment  Short Term  Long Term  Return of  Distribution Rate on  Annual Total Return
Ticker  End  Distribution  Income  Gains  Gains  Capital  Income  Gains  Gains  Capital  NAV 1  on NAV 1
AWP  31-Oct-15  0.0500  0.0188  -  -  0.0312  37.7%  0.0%  0.0%  62.3%  7.99%  9.30%
      .                              
         Cumulative Distribution  Cumulative Distribution (%)      
      Total  Net  Short        Net           Cumulative Fiscal YTD  Cumulative Fiscal
Fund  Fiscal Year  Distributions  Investment  Term  Long Term  Return of  Investment  Short Term  Long Term  Return of  Distributions as a % of  YTD Total Return on
Ticker  End  Fiscal YTD1  Income  Gains  Gains  Capital  Income  Gains  Gains  Capital  NAV 1  NAV 1
AWP  31-Oct-15  0.5000  0.1884  -  -  0.3116  37.7%  0.0%  0.0%  62.3%  6.66%  2.57%

 

1Based on the Fund’s NAV as of August 31, 2015

 

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 30th, 2015 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 (%)      
         Net  Short        Net           Current Annualized  Five Year Average
Fund  Fiscal Year  Total Current  Investment  Term  Long Term  Return of  Investment  Short Term  Long Term  Return of  Distribution Rate on  Annual Total Return
Ticker  End  Distribution  Income  Gains  Gains  Capital  Income  Gains  Gains  Capital  NAV 1  on NAV 1
AWP  31-Oct-15  0.0500  0.0182  -  -  0.0318  36.4%  0.0%  0.0%  63.6%  8.68%  6.25%
      .                              
         Cumulative Distribution  Cumulative Distribution (%)       
      Total  Net  Short        Net           Cumulative Fiscal YTD  Cumulative Fiscal
Fund  Fiscal Year  Distributions  Investment  Term  Long Term  Return of  Investment  Short Term  Long Term  Return of  Distributions as a % of  YTD Total Return on
Ticker  End  Fiscal YTD1  Income  Gains  Gains  Capital  Income  Gains  Gains  Capital  NAV 1  NAV 1
AWP  31-Oct-15  0.6000  0.2182  -  -  0.3818  36.4%  0.0%  0.0%  63.6%  8.68%  -3.97%

 

1Based on the Fund’s NAV as of September 30, 2015

 

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.