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abrdn Total Dynamic Dividend Fund

abrdn Total Dynamic Dividend Fund (AOD)

8.80
0.10
(1.15%)
Closed 30 November 8:00AM
8.80
0.00
(0.00%)
After Hours: 9:04AM

Professional-Grade Tools, for Individual Investors.

Key stats and details

Current Price
8.80
Bid
-
Offer
-
Volume
370,408
8.68 Day's Range 8.83
7.73 52 Week Range 9.14
Market Cap
Previous Close
8.70
Open
8.725
Last Trade
2171
@
8.8
Last Trade Time
Financial Volume
US$ 3,243,464
VWAP
8.7565
Average Volume (3m)
344,045
Shares Outstanding
105,430,998
Dividend Yield
9.77%
PE Ratio
14.28
Earnings Per Share (EPS)
0.62
Revenue
73.97M
Net Profit
64.97M

About abrdn Total Dynamic Dividend Fund

Alpine Total Dynamic Dividend Fund is a diversified closedend management investment company. Its investment objective is to seek high current dividend income and also focuses on longterm growth of capital. Alpine Total Dynamic Dividend Fund is a diversified closedend management investment company. Its investment objective is to seek high current dividend income and also focuses on longterm growth of capital.

Sector
Unit Inv Tr, Closed-end Mgmt
Industry
Unit Inv Tr, Closed-end Mgmt
Headquarters
Wilmington, Delaware, USA
Founded
-
abrdn Total Dynamic Dividend Fund is listed in the Unit Inv Tr, Closed-end Mgmt sector of the New York Stock Exchange with ticker AOD. The last closing price for abrdn Total Dynamic Divi... was US$8.70. Over the last year, abrdn Total Dynamic Divi... shares have traded in a share price range of US$ 7.73 to US$ 9.14.

abrdn Total Dynamic Divi... currently has 105,430,998 shares in issue. The market capitalisation of abrdn Total Dynamic Divi... is US$917.25 million. abrdn Total Dynamic Divi... has a price to earnings ratio (PE ratio) of 14.28.

AOD Latest News

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
10.14911.723520096178.65098.88.6253703338.70814988CS
40.050.5714285714298.758.94998.63225618.74924153CS
12-0.07-0.7891770011278.879.148.63440458.88247358CS
260.566.796116504858.249.148.033786908.69524164CS
52112.82051282057.89.147.733339318.42211586CS
156-0.99-10.11235955069.7910.56.873463658.39556955CS
2600.141.616628175528.6610.55.023407898.44516538CS

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AOD Discussion

View Posts
PennyStock Alert PennyStock Alert 5 years ago
Remember to "spread the wealth" or "don't put all of your eggs in one basket." I try to never (never say never) buy more that one fund out of the same fund family, unless I check their individual characteristics to make sure they're not the same type of investments.

BTW, I just looked at AOD's B/A, and you're right, it could open down 20 - 30 cents. It has dropped below 4 before, and re-bounded. I think the "fiscal cliff" deal left investors feeling better about the tax on dividends, so they took the risk of high dividend funds. 6.7% doesn't look as good as 16.7%.
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bar1080 bar1080 6 years ago
"Fund [AOD} changed its name from Alpine Global Premier Properties Fund to Aberdeen Global Premier Properties Fund effective May 7, 2018 and continues to trade on the NYSE under the symbol "AWP".
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roger wilco roger wilco 7 years ago
Aberdeen Total Dynamic Dividend Fund (NYSE: AOD) (the "Fund"), a closed-end fund, today announced that it paid on May 31, 2018, a distribution of US$0.0575 per share to all shareholders of record as of May 23, 2018.
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bar1080 bar1080 7 years ago
This Morningstar video about Dividend Capture Funds is excellent. The funds look shady to me... and to the commentator in the video. I think it's just a gimmick to justify fat fees. I'm quite familiar with two ETFs that CLAIM to use some form of dividend capture (Alpine's AOD and AGD) and both have usually lagged the S&P 500 by a wide margin.

http://www.morningstar.com/videos/356587/avoid-the-dividend-illusion.html
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frdmlover frdmlover 7 years ago
No one have anything to say about the recent upsurge in price?
Anyone buying or interested in this stock? I see the posts from 2014 and 2106...maybe things have changed for the stock?
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Sone Sone 9 years ago
Thanks Bar1080
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bar1080 bar1080 9 years ago
AOD went public in 2007 at $20 a share as I recall. It did a reverse split recently. So capital losses have far exceeded the fat divs paid out. It's a sucker bet that far underperformed a simple S&P500 index fund.

By all means, do a LOT of research into ANY high investment. GL!
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Sone Sone 9 years ago
Thanks for your insight, again I haven't done any DD just came across this chart and saw it go side ways for along period of time while paying great dividends. Then it took a dive along with the rest of the market and oil which should be expected. Thought this might be good entry point.
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bar1080 bar1080 9 years ago
AOD uses a flashy payout to target unsophisticated retirees who will never read the complex financials. I've laid it all out in my long series of posts on this board that you can skim in an hour.
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Sone Sone 9 years ago
True but this might be the bottom. Coin flip I guess
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bar1080 bar1080 9 years ago
Read my old AOD posts going back a few years which were right on the mark. AOD's garbage. And monthly income is mostly a gimmick. Investors who "reached for income" in the past few years have been destroyed.

Just about every high yield asset class has severely lagged the broad averages... such as the S&P 500. Compare with mREITs and most oils. Nothing safe pays over about 4%.
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Sone Sone 9 years ago
Looking for monthly income and came across this ticker .
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bar1080 bar1080 9 years ago
Still garbage. What do you want to know?
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Sone Sone 9 years ago
Anyone here?
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bar1080 bar1080 11 years ago
Reverse split for AOD and AGD.

http://finance.yahoo.com/news/alpine-total-dynamic-dividend-fund-134500608.html
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bar1080 bar1080 11 years ago
Stability in a soaring market is no virtue. Heck it's not even stable as this 12-month comparison to the S&P 500 shows:

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maverick one maverick one 11 years ago
In my port and acquiring more...under $5 and healthy monthly div return. PPS doesn't move much I like stability.
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johnsyn johnsyn 11 years ago
Alpine Total Dynamic Dividend Fund (NYSE: AOD), Alpine Global Dynamic Dividend Fund (NYSE: AGD) and Alpine Global Premier Properties Fund (NYSE: AWP) Declare Regular Monthly Distributions for August 2013
Print
4:00 PM 7/18/2013 - Business Wire

PURCHASE, N.Y.--(BUSINESS WIRE)--Jul. 18, 2013-- The Board of Trustees of Alpine Total Dynamic Dividend Fund (NYSE: AOD), Alpine Global Dynamic Dividend Fund (NYSE: AGD) and Alpine Global Premier Properties Fund (NYSE: AWP) announced their same regular monthly distribution for the month of August 2013 as each had paid in the previous month.

Alpine Total Dynamic Dividend Fund (AOD) $0.027 per share

Alpine Global Dynamic Dividend Fund (AGD) $0.03 per share

Alpine Global Premier Properties Fund (AWP) $0.05 per share

Dates related to the distribution declaration for all three Funds are as follows:
Ex-Distribution Date/ Record Date/Payable Date

August 21, 2013 /August 23, 2013 /August 30, 2013

These 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.

Alpine Global Premier Properties Fund (AWP) has previously adopted a level distribution policy under which AWP anticipates making monthly distributions of $0.05 per share and intends to manage its monthly distributions to include amounts that have otherwise been paid through a year-end special distribution. This amount may be adjusted from time to time depending on current market conditions and the projected performance of the Fund. AWP’s level distribution policy will be subject to regular review by the Board of Trustees. There can be no assurance that the amount of AWP’s monthly distributions will be maintained or that this level distribution policy will not be discontinued or substantially modified in the future.
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johnsyn johnsyn 11 years ago
Alpine Total Dynamic Dividend Fund (NYSE: AOD); Alpine Global Dynamic Dividend Fund (NYSE: AGD); Alpine Global Premier Properties Fund (NYSE: AWP); Declare Regular Monthly Distributions for July 2013

4:00 PM 6/21/2013 - Business Wire

PURCHASE, N.Y.--(BUSINESS WIRE)--Jun. 21, 2013-- The Board of Trustees of Alpine Total Dynamic Dividend Fund (NYSE: AOD), Alpine Global Dynamic Dividend Fund (NYSE: AGD) and Alpine Global Premier Properties Fund (NYSE: AWP) announced their same regular monthly distribution for the month of July 2013 as each had paid in the previous month.

Alpine Total Dynamic Dividend Fund (AOD) $0.027 per share

Alpine Global Dynamic Dividend Fund (AGD) $0.03 per share

Alpine Global Premier Properties Fund (AWP) $0.05 per share

Dates related to the distribution declaration for all three Funds are as follows:

Ex-Distribution Date/Record Date/Payable Date
July 22, 2013 /July 24, 2013 /July 31, 2013


These 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.

Alpine Global Premier Properties Fund (AWP) has previously adopted a level distribution policy under which AWP anticipates making monthly distributions of $0.05 per share and intends to manage its monthly distributions to include amounts that have otherwise been paid through a year-end special distribution. This amount may be adjusted from time to time depending on current market conditions and the projected performance of the Fund. AWP’s level distribution policy will be subject to regular review by the Board of Trustees. There can be no assurance that the amount of AWP’s monthly distributions will be maintained or that this level distribution policy will not be discontinued or substantially modified in the future.
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bar1080 bar1080 12 years ago
AOD drops to a slightly more appropriate 13.5% discount. (scroll down for chart)
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bar1080 bar1080 12 years ago
Monumental fall of Alpine AGD fund. From big 13% premium to 9% discount in a few months. This is what I warned about: (scroll down)

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johnsyn johnsyn 12 years ago
Alpine Total Dynamic Dividend Fund (NYSE: AOD), Alpine Global Dynamic Dividend Fund (NYSE: AGD) and Alpine Global Premier Properties Fund (NYSE: AWP) Declare Regular Monthly Distributions for April 2013

4:30 PM 3/18/2013 - Business Wire

PURCHASE, N.Y.--(BUSINESS WIRE)--Mar. 18, 2013-- The Board of Trustees of Alpine Total Dynamic Dividend Fund (NYSE: AOD), Alpine Global Dynamic Dividend Fund (NYSE: AGD) and Alpine Global Premier Properties Fund (NYSE: AWP) announced their same regular monthly distribution for the month of April 2013 as each had paid in the previous month.

Alpine Total Dynamic Dividend Fund (AOD) $0.027 per share

Alpine Global Dynamic Dividend Fund (AGD) $0.03 per share

Alpine Global Premier Properties Fund (AWP) $0.05 per share

Dates related to the distribution declaration for all three Funds are as follows:

Ex-Distribution Date/ Record Date/ Payable Date
April 19, 2013 April 23, 2013 April 30, 2013
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keyscruiser keyscruiser 12 years ago
Considering it fell steadily from 20 to 4, and it's holding is a good sign.... No......????????
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bar1080 bar1080 12 years ago
How is "holding at $4" good news when the market is hitting record highs?

Those funds I bought years ago have all risen many fold, all pay dividends, they just haven't risen as much as my benchmark, the S&P 500. If I had losses in them I'd sell to offset income or cap gains.
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keyscruiser keyscruiser 12 years ago
Hey stocks, I see you had to run me down at AOD... Yep, I'm still there, picked up some 4's last week Dad's pounding his chest like he may even gotten some cheaper... I'm just avoiding your buddy.... Can't see wasting any time or energy on him. You know I like dividend investing, and AOD is around 8% now. It has gone down quite a bit, but seems to have FINALLY bottomed out. The fund has a new management team, and just started a buy-back program, so I'm going to hang with them, even though a few other posters are disappointed. I've been dollar cost averaging and using the DRIP, so I'm in pretty good shape with AOD.
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WTCInvestor WTCInvestor 12 years ago
hey keys.. how you doing?? hope all is well.. you still in our other stock??
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keyscruiser keyscruiser 12 years ago
Glad to hear all your investments are 100% winners. My overall portfolio is doing fine, but I'm still holding a few REITs that tanked a few years ago. All but one started paying dividends again, but I'm too stubborn to sell the losers. Maybe if I hold them 25 years like you have, I will make a penny or two with them.

Johnsyn's post confirms what we suspected about the PPS holding $4

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=85085120
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bar1080 bar1080 12 years ago
I'm very familiar with the Dexter deal. It was a bad loser for BRK but mostly because the seller took it all in BRK stock, not cash. Brilliant seller!

I can honestly say 100% of my current investments have been "winners." Not hard to say when the stock market is at record high and when I sell my very rare losers for tax losses (haven't done that since two bank stocks several years ago).

It's a matter of definition, tho. I have several old mutual funds. Owned them for about 25 years. Of course I've made money in them over such a long period. But not one of them has kept up with my performance benchmark, the S&P500 index.

Luckily I saw that lag happening almost immediately after I bought them. My next fund purchase was the Vanguard Total Stock Market Index fund... my first Index fund. Year after year, Quarter after Quarter that index fund beat my other four funds. It also beat the small amount of money I put in individual stocks.

Over the years I've owned three CEF's: TY, ADX and one that was liquidated at great profit to me about 30 years ago.

I wouldn't touch any CEF not selling at a discount to NAV. I'm not sure I'd buy an Alpine fund, like AOD or AGD, at any price! Alpine is garbage.



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keyscruiser keyscruiser 12 years ago
Good article, but they left out Pier One and a few others. Even Mr. Buffett forgets rule #1 occasionally, but there is no doubt he's a great investor. From $18 to $150,000 PPS is amazing. Even the B shares are hitting a new high this morning. (Which I own 12 shares around $42) I probably won't live long enough to see those hit $150,000..

I'm sure I heard him say that "60%" quote in an interview with Maria Bartiromo a few years ago. If I misquoted him, his point was not every single one of your investments will be winners, just make sure most of them are.

I agree, no way Buffett would own AOD. And if he did, he would have been out a long time ago!
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Penny Roger$ Penny Roger$ 12 years ago
~ $AOD ~ Parabolic SAR Buy Signals ~ Criteria alert for last trading session!

$AOD has just triggered the "Parabolic SAR Buy Signals" scan criteria at Stockcharts.com
~ http://tinyurl.com/SAR-BUY ~







For a more in Depth study and DD profile, similar to the one contained in this link: ~ http://tinyurl.com/DDexample ~
Click the following link and type ticker or brief message asking me about the DD: ~ http://tinyurl.com/GET-THE-DD ~

What does the scan "Parabolic SAR Buy Signals" mean? Below is an image example and study link.
~ http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:parabolic_sar ~


To find other similar posts of "AOD" utilize the links that follow.
Search FaStlane's "Parabolic SAR Buy Signals" posts: ~ http://investorshub.advfn.com/boards/msgsearchbymember.aspx?searchID=251916&srchyr=2011&SearchStr=ParSarBuyScan ~
Search FaStlane's posts for symbol "AOD": ~ http://investorshub.advfn.com/boards/msgsearchbymember.aspx?searchID=251916&srchyr=2011&SearchStr=AOD ~
Search Ihub for "AOD" posts: ~ http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=AOD ~


For more in depth training and information visit Chartschool on the Stockcharts page.
~ http://stockcharts.com/school/doku.php?id=chart_school ~


Also don't forget the Ihub Edu Channel.
~ http://investorshub.advfn.com/boards/education.aspx ~


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bar1080 bar1080 12 years ago
Doubt Buffett ever said: "60% of your investments will be losers, the trick is to make a lot of money on the other 40%"

That sounds like something penny pumpers say to justify all the pump and dumps that go to zero. I'd guess that 90+% of Buffett's investments have ranged from mediocre to fabulous investments.

Buffett has had a few dogs in 50 years, of course. But very few. Perhaps Buffett's worst investment was his 1993 purchase of shoe company, Dexter. And that was a pretty small acquisition.
http://finance.yahoo.com/news/pf_article_108869.html

Trust me, Buffett wouldn't have any interest in AOD.

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keyscruiser keyscruiser 12 years ago
Got my itsy bitsy dividend today. Re-started the DRIP. Surprised it's still hanging around 4, but I'm still happily holding, haven't sold a single share in 5 years!
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johnsyn johnsyn 12 years ago
Alpine Total Dynamic Dividend Fund Announces a New Share Repurchase Plan

Alpine Total Dynamic Dividend Fund (NYSE: AOD) (the “Fund”) today announced that its Board of Trustees (the “Board”), as part of an ongoing evaluation of strategic options focusing on enhancing shareholder value, has authorized a share repurchase plan (the “Repurchase Plan”). Under the Repurchase Plan the Fund may purchase, in the open market, its outstanding common shares. The amount and timing of repurchases will be at the discretion of the Fund’s investment adviser, Alpine Woods Capital Investors, LLC (the “Adviser”), and subject to market conditions and investment considerations.

The decision to authorize the Repurchase Plan reflects the Board’s belief that a period of time has passed since the reduction in the Fund’s distribution level and that the market continues to undervalue the Fund’s shares relative to its NAV (which was $4.57 as of February 26, 2013). In reaching its decision, the Board considered that the discount to NAV at which Fund shares have recently traded and the Fund’s approximate 8.24% market price yield (on a market price of $3.93 as of February 26, 2013), in combination with what the Adviser believes to be the prospective global growth potential, diminished excess pessimism and gradual improvement of the macro economic situation, make acquiring Fund shares under the Repurchase Plan an attractive opportunity for the Fund.

The Repurchase Plan allows the Fund to acquire shares in the open market at a discount to NAV, which benefits remaining shareholders by increasing the NAV per share. The Board remains focused on actions that may increase value for long-term Fund shareholders.

The Fund’s repurchase activity will be disclosed in its shareholder report for the relevant fiscal period. There is no assurance that the Fund will repurchase shares at any specific discount levels or in any specific amounts. There is also no assurance that the market price of the Fund’s shares, either absolute or relative to NAV, will increase as a result of any share repurchases, or that the Repurchase Plan will enhance shareholder value over the long-term. The Board will continue to monitor the Repurchase Plan, which can be terminated at any time.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements that describe our strategies and goals and our beliefs concerning future conditions and the outlook for the Alpine Total Dynamic Dividend Fund based on currently available information. The Fund’s actual results could differ materially from those anticipated in the forward-looking statements because of various risks and uncertainties, including the factors set forth in the Fund’s filings with the SEC. You should carefully consider those risks and the other information in the Fund’s SEC filings before investing.

About Alpine Total Dynamic Dividend Fund

Alpine Total Dynamic Dividend Fund is a diversified, closed-end management investment company that seeks total return, consisting of capital appreciation and income. The Fund’s investment adviser is Alpine Woods Capital Investors, LLC with its principal executive offices located at 2500 Westchester Avenue, Suite 215, Purchase, New York 10577. The Fund is a closed-end fund and does not continuously offer or redeem shares.
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johnsyn johnsyn 12 years ago
Alpine Total Dynamic Dividend Fund (NYSE: AOD), Alpine Global Dynamic Dividend Fund (NYSE: AGD) and Alpine Global Premier Properties Fund (NYSE: AWP) Declare Regular Monthly Distributions for March 2013

4:30 PM 2/19/2013 - Business Wire

PURCHASE, N.Y.--(BUSINESS WIRE)--Feb. 19, 2013-- The Board of Trustees of Alpine Total Dynamic Dividend Fund (NYSE: AOD), Alpine Global Dynamic Dividend Fund (NYSE: AGD) and Alpine Global Premier Properties Fund (NYSE: AWP) announced their same regular monthly distribution for the month of March 2013 as each had paid in the previous month. Announcements of distributions will be communicated monthly going forward for all Alpine closed-end funds.

Alpine Total Dynamic Dividend Fund (AOD) $0.027 per share

Alpine Global Dynamic Dividend Fund (AGD) $0.03 per share

Alpine Global Premier Properties Fund (AWP) $0.05 per share

Dates related to the distribution declaration for all three Funds are as follows:

Ex-Distribution Date Record Date Payable Date

March 19, 2013 March 21, 2013 March 28, 2013

These 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.

Alpine Global Premier Properties Fund (AWP) has previously adopted a level distribution policy under which AWP anticipates making monthly distributions of $0.05 per share and intends to manage its monthly distributions to include amounts that have otherwise been paid through a year-end special distribution. This amount may be adjusted from time to time depending on current market conditions and the projected performance of the Fund. AWP’s level distribution policy will be subject to regular review by the Board of Trustees. There can be no assurance that the amount of AWP’s monthly distributions will be maintained or that this level distribution policy will not be discontinued or substantially modified in the future.

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, Alpine Global Dynamic Dividend Fund and Alpine Global Premier Properties 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.

Source: Alpine Woods Capital Investors, LLC

Investor:
Alpine Woods Capital Investors, LLC
Marc Rappaport, 914-251-0880
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bar1080 bar1080 12 years ago
Sister fund, AGD, getting killed recently. Its former premium heading to a deep discount. AOD isn't doing much better.
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keyscruiser keyscruiser 12 years ago
Another Warren Buffett lesson: Don't invest in tech! I was fortunate not to get caught up in the tech wreck of 2000, thanks to that lesson. But some folks made a ton of money before that, or should I say tons!

SPY got awful scary 08-09 but recoverd very well, AOD hasn't. But will it..??? I'm sure the distribution cut is because of the new investment management team.

I like the "insane" dividend investing...
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leftovers leftovers 12 years ago
The PPS has held up better than I anticipated? I still see this falling in the mid to low 3's over the next few months?
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bar1080 bar1080 12 years ago
Actually the overwhelming percentage of tech stocks will be losers. Probably 90%. Many will go to zero. But the rare good ones usually make up for many bad ones. And I'm talking about NASDAQ/NYSE, not the worthless OTCBB or Pink.

Few investors understand that tech stocks are actually terrible investments. Except for the very, very rare winner.

Your "pretty good" track record with CEFs is mostly because that category is red hot right now because people are chasing yields to "an insane" degree. In the same way, my muni bonds have done fabulously over the past decades. But I know many are garbage.

I keep looking at CEFs and find almost none that beat the S&P 500. AOD is one of the very worst. Compare it with SPY over virtually any time period.




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keyscruiser keyscruiser 12 years ago
bar1080,
I guess you didn't notice the wink and smile after my board name comment? I know you can't do anything about the name of the CEF. I agree with you, it's a distribution, not a dividend. They've been distributing my own money back to me for a while, and I still don't have any complaints with AOD. Doug Albo is right by saying "the difference can mean a lot of money for investors in these high yielding funds over the long run" And I have bought risky high dividend paying ETF's a premium. Some good, some bad.

Another Warren Buffett lesson: "60% of your investments will be losers, the trick is to make a lot of money on the other 40%"

Tomorrow is the last paydate for the .055 distribution. We may see a sell off after folks get their extra shares. Although, it's usually a few day into the next month before it's actually paid. There has been an exceptional amount of volume lately, and it's still holding around 4. I did ask my broker to re-instate my DRIP plan with AOD, so I'll be getting some cheap shares now!

BTW, an excellent premium CEF that has been very stable over the years is PHK.

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bar1080 bar1080 12 years ago
"Equity CEFs: The Insanity Of CEF Investors"

Doug Albo again attacks AOD, AGD and overpriced CEFs in general.

"I don't know what it's going to take to get investors to finally figure out which equity based closed-end funds (CEFs) are attractive and which ones are not, but the difference can mean a lot of money for investors in these high yielding funds over the long run...."

http://seekingalpha.com/article/1137291-equity-cefs-the-insanity-of-cef-investors?source=yahoo
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bar1080 bar1080 12 years ago
Referring to the word "Dividend" in the board title? That is the name of the security. So I can't do much about the title. There are plenty of funds with "Growth" in the name that go years without "growing".

Here's what Alpine says: "These monthly distributions may consist of net investment income, net realized capital gains and / or a return of capital."

There have been a number of very cerebral university journal articles written about the quirkiness of CEFs.

For example: http://www.economics.harvard.edu/faculty/shleifer/files/closed_end_mut_funds.pdf

Why do some bad CEFs sell at premiums to NAV? Why do some good ones sell at discounts to NAV? Some very brainy people don't know.

What is known: over a very long period the market price and the underlying economic value tend to converge. I wouldn't touch any CEF selling at a premium.

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keyscruiser keyscruiser 12 years ago
Since you are the moderator, perhaps you should change the name of the board..

Up over 2% today, not too shabby considering the distribution cut!
BTW, it's a distribution, not a dividend.
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keyscruiser keyscruiser 12 years ago
Well if AAPL is still their major holding, we'll probably see another drop in price, since AAPL lost $57 after hours yesterday. We expected the sell off in AOD Tuesday with the distribution announcement, and it may have even dropped further if it wasn't the ex-dividend day. The buyers yesterday actually surprised me. I'm in a wait and see mode, not running yet! Now that the amount I've been receiving will be cut in half next month, I'll start the DRIP plan again with AOD!
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LORTAP KCOTS LORTAP KCOTS 12 years ago
you got that right!
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bar1080 bar1080 12 years ago
6.7% may actually be terrible if it's coming from Greek or third-world long term unsecured junk. There is no way to know exactly what AOD owns, except twice a year. The investment portfolio turns over many times a year.

You may still be impressed with their distribution but I'm guessing that even a junior loan officer in a small town bank would ask for more information about the assets. He'd want to know what AOD holds 365 days a year. Not just two.

BTW, it's a distribution, not a dividend.
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keyscruiser keyscruiser 12 years ago
I don't doubt the fund, or outside investors in the fund are buying it's own shares. Or even other funds that think this is a bargain price with a 6.7% dividend. That was the "forces" I was referring to. IF they were buying shares with shareholder funds, or new shareholder funds and paying dividends in the form of ROC, that would make it a Ponzi scheme.

but is it possible the fund is now buying its own shares with shareholder money?
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bar1080 bar1080 12 years ago
AOD may not tank at all if the S&P doubles every 4 years as its done since early 2009. Don't know the situation here, but is it possible the fund is now buying its own shares with shareholder money?

30 Day Comparison of AOD vs the S&P:
AOD Down about 3.5%
S&P Up about 3.8%
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keyscruiser keyscruiser 12 years ago
It hasn't "tanked" as bad as some predicted.....YET..!!! $3.80 - $3.90 looks like a good support level. Lots of shares being traded though! It has been this low before the dividend cut and rebounded. There may be some forces trying to hold it around this level. Only time will tell!
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bar1080 bar1080 12 years ago
Another negative article: "...my heartfelt sympathy went out to the shareholders who were not savvy enough to avoid the Alpine cliff."

http://seekingalpha.com/article/1127241-alpine-funds-skiing-down-another-cliff-31-months-later?source=yahoo
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SilverSurfer SilverSurfer 12 years ago
buy when blood in street
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