EX-99.12(C) 4 c73976_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 for November 30, 2012 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 Estimates1

 

         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 NAV1  Five Year Average Annual Total Return on NAV1
AWP  31-Oct-13  0.0500  0.0029  0.0102  —  0.0369  5.8%  20.3%  0.0%  73.9%  7.74%  -4.95%

 

         Cumulative Distribution  Cumulative Distribution (%)      
                                     
Fund Ticker  Fiscal Year End  Total Distributions Fiscal YTD  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 NAV1  Cumulative Fiscal YTD Total Return on NAV1
AWP  31-Oct-12  0.6000  0.3200  0.1097  —  0.1703  53.3%  18.3%  0.0%  28.4%  7.74%  20.87%

 

1Based on the Fund’s NAV as of October 31, 2012

 

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.

 

00090516

 

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 for December 31, 2012 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 Estimates1

 

         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 NAV1   Five Year Average Annual Total Return on NAV1
AWP  31-Oct-13  0.0500  0.0322  —  —  0.0178  64.4%  0.0%  0.0%  35.6%  7.78%  -3.40%

 

         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 NAV1  Cumulative Fiscal YTD Total Return on NAV1
AWP  31-Oct-13  0.1000  0.0644  —  —  0.0356  64.4%  0.0%  0.0%  35.6%  1.30%  0.18%

 

1Based on the Fund’s NAV as of November 30, 2012

 

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. 

 

00091149

 

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, 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 Estimates1

 

         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 NAV1  Five Year Average Annual Total Return on NAV1
AWP  31-Oct-13  0.0500  0.0202  —  —  0.0298  40.4%  0.0%  0.0%  59.6%  7.49%  -1.53%

 

         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 NAV1  Cumulative Fiscal YTD Total Return on NAV1
AWP  31-Oct-13  0.1500  0.0605  —  —  0.0895  40.4%  0.0%  0.0%  59.6%  1.87%  4.77%

 

1Based on the Fund’s NAV as of December 31, 2012

 

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.

 

00093208 

 

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, 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 Estimates1

 

         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 NAV1  Five Year Average Annual Total Return on NAV1
AWP  31-Oct-13  0.0500  0.0148  —  —  0.0352  29.5%  0.0%  0.0%  70.5%  7.19%  0.77%

 

         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 NAV1  Cumulative Fiscal YTD Total Return on NAV1
AWP  31-Oct-13  0.2000  0.0590  —  —  0.1410  29.5%  0.0%  0.0%  70.5%  2.40%  9.79%

 

1Based on the Fund’s NAV as of January 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.

 

00093789 

 

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 28, 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 Estimates1

 

         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 NAV1  Five Year Average Annual Total Return on NAV1
AWP  31-Oct-13  0.0500  0.0231  —  —  0.0269  46.2%  0.0%  0.0%  53.8%  7.13%  1.37%

 

         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 NAV1  Cumulative Fiscal YTD Total Return on NAV1
AWP  31-Oct-13  0.2500  0.1156  —  —  0.1344  46.2%  0.0%  0.0%  53.8%  2.97%  11.54%

 

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

 

00095571

 

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, 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 Estimates1

 

         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 NAV1  Five Year Average Annual Total Return on NAV1
AWP  31-Oct-13  0.0500  0.0256  —  —  0.0244  51.2%  0.0%  0.0%  48.8%  6.99%  3.01%

 

         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 NAV1  Cumulative Fiscal YTD Total Return on NAV1
AWP  31-Oct-13  0.3000  0.1536  —  —  0.1464  51.2%  0.0%  0.0%  48.8%  3.50%  14.35%

 

1Based on the Fund’s NAV as of March 28, 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.

 

00097753