Alpine Global Dynamic Dividend Fund (AGD)



The Alpine Global Dynamic Dividend Fund is a closed end fund (CEF) that attempts to maximize tax-advantaged income by investing in high yielding global stocks. The fund is currently approximately 75% (March 2008) in international stocks and the balance is in U.S. based company stocks.

The fund also employs a dividend rotation strategy to capture extra dividends during the course of the year. This strategy involves trading in and out of stocks that pay dividends in different months to capture extra dividend payments. The risk of this strategy is that stock prices fall by the amount of the dividend when the stock goes "ex-dividend" so careful timing is required to avoid losing in share price what you are earning in dividend.

Annual expenses of the fund total 1.28% The fund does hedge against foreign currency changes.

The fund is managed by Alpine Woods Capital Investors, LLC based in Westchester County, New York. The management company has been in business since 1997 and currently has approximately $12 billion under management.

As of December 31, 2007 the top 10 holding were as follows (these companies comprised 18.5% of the fund):

  • Reed Elsevier Plc
  • Macquarie Infrastructure Co. LLC
  • FLFmidth & Co. AS
  • Anglo Irish Bank Corp. Plc
  • Nintendo Co.,Ltd.
  • American Movil SAB de C.V.
  • ABB Ltd.
  • Wartsila Oyj.
  • NKT Holding AS
  • Acta Holding AS

Closed End Funds can trade at premiums or discounts to their net asset value (NAV).

Source: Alpine CEF website[1]

Comparison to Competitors


Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki