Payable date in table of release dated December 19, 2012 should read: January 8, 2013 (sted January 8, 2012).

The corrected release reads:

ALPINE GLOBAL DYNAMIC DIVIDEND FUND (NYSE: AGD) ANNOUNCES A SPECIAL DISTRIBUTION

The Board of Trustees for Alpine Global Dynamic Dividend Fund (NYSE: AGD) announced a special distribution consisting of ordinary income as follows:

Alpine Global Dynamic Dividend Fund (AGD) $0.03077992 per share

 

Dates related to the distribution declaration for the Fund are as follows:

                   

Ex-Distribution Date

Record Date

Payable Date

 
December 27, 2012

December 31, 2012

January 8, 2013

 

Final determination of the federal income tax characteristics of distributions paid will be provided on U.S. Form 1099-DIV, which will be mailed to shareholders.

More information about the Fund 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 Global Dynamic Dividend Fund is a closed-end fund and does not continuously offer or redeem shares. The Fund trades 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.

Investors:
Alpine Woods Capital Investors, LLC
Marc Rappaport, 914-251-0880