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Alpine Total Dynamic Dividend Fund (AOD)

  • Jun. 24, 2013, 10:10 AM
    So much for those "1994 won't happen again" stories. On a percentage basis, the rise in the 10-year Treasury yield (to over 2.6% from 1.6% less than 2 months ago) is the worst since 1962, according to BTIG. "The Fed had no idea how leveraged or bubbled-up the world's positions were," says Andrew Brenner of National Alliance Securities. "Nothing is sacred today." Income funds: Alpine Total Dynamic (AOD -3.6%), Pimco High Income (PHK -1.6%), Eaton Vance Tax-Managed (EXG -3.6%). Equity REITs: Omega (OHI -2.3%), HCP Inc. (HCP -2.3%), Medical Properties (MPW -4.2%), Realty Income (O -0.4%).
  • Feb. 27, 2013, 8:53 AM
    Alpine Total Dynamic Divdend Fund's (AOD) board authorizes a share repurchase plan "reflect(ing) the Board's belief ... that the market continues to undervalue the (stock)." Net asset value is estimated at $4.57 vs. yesterday's close of $3.93. Fund president Sam Lieber was a buyer of shares a month ago. Shares +2.3% to $4.02 premarket. (PR)
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  • Jan. 29, 2013, 12:17 PM
    Alpine Total Dynamic Fund's (AOD) recent distribution cut may have permanently alienated its fans, but at least one knock - its premium to NAV - no longer remains. At $3.99/share, the stock is trading at more than a 13% discount to NAV. Samuel Lieber - the President - is a buyer, picking up 50K shares at $4.01 on Friday.
  • Jan. 22, 2013, 10:36 AM
    Two Alpine dividend funds (AOD -8.2%, AGD -12.6%) dive after slashing their monthly payouts by 50%. The AOD distribution will go to $0.027/share from $0.05, and AGD to $0.03 from $0.06.
  • Nov. 14, 2012, 11:31 AM
    They're getting there. Closed-end investment funds take it on the chin again, with the PIMCO High Income Fund (PHK -6.6%) leading. At $10.56, the fund no longer sports a ridiculous near-75% premium to NAV, but with NAV currently at $8.32, there remains a wide gulf.
  • Jun. 25, 2010, 9:05 AM
    Premarket gainers: FRE +6%. ACN +4%. CTIC +4%. ORCL +4%.
    Losers: FCEL -15%. AOD -10%. RIMM -6%. BP -4%.
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Company Description
The primary investment objective is high current dividend income, with a secondary focus on long-term growth of capital. It will invest at least 80% of its net assets in equity securities of foreign and domestic companies that pay dividends. The Fund will