AOD had paid consistant dividends for 29 months in a row, present payouts, depending on the pps range from 14.5-16% annual yield, paid out on a monthly basis. http://dividata.com/stock/AOD Under early dividend payouts of $.18 per month, annual yield was 10%. 2008 Market collapse affected all CEFs, their dividends, and their pps, has now been cut due to QE policies to annual yield of 8%.
What is a Closed-End Fund (CEF)?
"Despite the name similarities, a closed-end fund has little in common with a conventional mutual fund, which is technically known as an open-end fund.
The former raises a prescribed amount of capital only once through an IPO by issuing a fixed number of shares, which are purchased by investors in the closed-end fund as stock. Unlike regular stocks, closed-end fund stock represents an interest in a specialized portfolio of securities that is actively managed by an investment advisor and which typically concentrates on a specific industry, geographic market, or sector. The stock prices of a closed-end fund fluctuate according to market forces (supply and demand) as well as the changing values of the securities in the fund's holdings". read more: http://www.investopedia.com/terms/c/closed-endinvestment.asp
About Alpine Total Dynamic Dividend Fund (NYSE- AOD)
The Alpine Total Dynamic Dividend Fund's primary investment objective is high current dividend income.The Fund also focuses on long-term growth of capital as its secondary investment objective.
The Fund seeks to achieve these goals by employing a research-driven approach to identifying companies globally with the potential for dividend increases and capital appreciation.The Fund expects to invest at least 80% of its net assets plus amounts borrowed for investment purposes in the equity securities of domestic and foreign companies that pay dividends. The Fund seeks to provide dividend income without regard to whether the dividends qualify for the reduced federal income tax rates applicable to qualified dividends under the Internal Revenue Code.
For more info PLEASE see: http://www.alpinecef.com/pdfs/aod-fs.pdf DISCLOSUES AND WARNINGS:
Mutual fund investing involves risk. Principal loss is possible. The Fund may include equity-linked securities and various other derivative instruments, which can be illiquid, may disproportionately increase losses, and have a potentially large impact on Fund performance. Leverage may magnify gains or increase losses in the Fund's portfolio. Investing in small and mid-cap stocks involves additional risks such as limited liquidity and greater volatility as compared to large cap stocks. The Fund invests in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods. Diversification does not assure a profit or protect against loss in a declining market. Past performance is not a guarantee of future results. The specific market, sector or investment conditions that contribute to a Fund's performance may not be replicated in future periods. Favorable tax treatment of Fund distributions may be adversely affected, changed or repealed by future changes in tax laws. Alpine may not be able to anticipate the level of dividends that companies will pay in any given time frame. Risk of dividend reduction may be high with AOD in this moderator's (bar1080) opinion. I don't own AOD and I recommend not buying it. Material on this page is for informational purposes only. The author is not an investment professional. Consult your investment advisor and company filings for more information.
Alpine Total Dynamic Dividend Fund (NYSE: AOD) and Alpine Global Dynamic Dividend Fund (NYSE: AGD) Declare Regular Monthly Distributions for October, November and December 2012
Business WirePress Release: Alpine Woods Capital Investors, LLC - Wed, Sep 19, 2012 4:15 PM EDT PURCHASE, N.Y.
The Board of Trustees of Alpine Total Dynamic Dividend Fund (AOD) and Alpine Global Dynamic Dividend Fund (AGD) announced the same regular monthly distribution for the months of October, November and December 2012 as in the previous three months.
Alpine Total Dynamic Dividend Fund (AOD) $0.055 per share, cut by 50% in 2013 to monthly payout of $.027
Dates related to the distribution declaration for both Funds are as follows:
Ex-Distribution Date Record Date Payable Date
6/19/2013 5/20/13 6/21/13
5/21/2013 4/18/13 5/23/13
4/19/2013 3/18/13 4/23/13
3/19/2013 2/19/13 3/21/13
The monthly distributions may consist of net investment income, net realized capital gains and / or a return of capital. Final determination of the federal income tax characteristics of distributions paid during calendar year 2013 will be provided on U.S. Form 1099-DIV, which will be mailed to shareholders.
More information about the Funds is available on www.alpinefunds.com.
Based in Westchester, New York, Alpine Woods Capital Investors, LLC was founded in 1998.
This release contains forward-looking statements based on currently available information. The Funds' actual results could differ materially from those anticipated due to various risks and uncertainties. Alpine Total Dynamic Dividend Fund and Alpine Global Dynamic Dividend Fund are closed-end funds and do not continuously offer or redeem shares. The Funds trade in the secondary market and investors wishing to buy or sell shares must place orders through a financial intermediary or broker.
To read about the Funds, access the Annual and Semi-Annual Reports in the Related Documents section of the website or call 1-800-617-7616 to receive a copy of the annual and semi-annual reports by mail. An investor should consider the investment objectives, risks, charges and expenses carefully before investing.
Alpine Woods Capital Investors, LLC
Marc Rappaport, 914-251-0880