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INVESTMENT PRODUCTS: NOT FDIC INSURED • MAY LOSE VALUE • NO BANK GUARANTEE

Past performance does not guarantee future results.

The Alpine Funds are offered only to United States residents, and information on this site is intended only for such persons. Nothing on this web site should be considered a solicitation to buy or an offer to sell shares of any Alpine Fund in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction.

Neither Alpine Woods Capital Investors, LLC, nor any of their representatives provide tax, accounting, or legal advice. Any tax statements contained herein were not intended or written to be used, and cannot be used, for the purpose of avoiding U.S. federal, state, or local tax penalties. Please consult your own independent advisor as to any tax, accounting, or legal statements made herein.

All investments involve risk, including loss of principal. Past performance is no guarantee of future results. Please see each investment's individual web page for details regarding investment objective, risks, performance and other important information regarding the investment. Please review this information carefully before you make any investment decision. There is no guarantee that a fund’s investment objective will be met.

Diversification does not assure a profit or protect against loss in a declining market.

Carefully consider the fund's investment objectives, strategies, risks, charges and expenses before investing or sending money. The prospectus contains this and other information about the Alpine open-end mutual funds and can be obtained by clicking here or calling 888-785-5578.

Alpine Woods Capital Investors, LLC is the adviser to the Alpine open-end and closed-end Funds. The Alpine open-end Mutual Funds are distributed by Quasar Distributors, LLC. Quasar Distributors, LLC provides filing administration for Alpine’s closed-end funds. The Funds are not bought or sold through Quasar Distributors, the Alpine closed-end funds are bought and sold through non-affiliated broker/dealers and trade on nationally recognized stock exchanges. Like other public companies, closed-end funds have a one-time initial public offering. Thus, once their shares are first issued, shares are not continually offered by the closed-end fund, but trade in the open market through a stock exchange. Also, like other common stocks, share prices of closed-end funds will fluctuate with market conditions and, at the time of sale, may be worth more or less than your original investment. Shares of closed-end exchange-traded funds may trade at a discount or premium to their original offering price, and often trade at a discount to their net asset value (a price that reflects the value of the fund’s underlying portfolio plus other assets, less the fund’s liabilities divided by the number of shares outstanding). Investment return, price and net asset value will fluctuate with changes in market conditions.

Copyright © 2018 Alpine Woods Capital Investors, LLC. All rights reserved.