Alpine Global Infrastructure Fund Tops $100 Million in Assets

Alpine Global Infrastructure Fund Tops $100 Million in Assets

PURCHASE, N.Y.--(BUSINESS WIRE)-- Alpine Funds today announced that assets under management in the Alpine Global Infrastructure Fund (AIFRX, AIAFX) have surpassed $100 million. The Fund invests in publicly traded companies throughout the globe that derive their revenue from the ownership, management, construction, development, operations, utilization or financing of infrastructure assets.

"As the search for alternative sources of income in this low yield environment continues, a growing number of investors and advisors are seeking to increase their exposure to the infrastructure sector - an asset class with the potential to deliver a blend of diversification, income, inflation participation and competitive returns," said Josh Duitz, portfolio manager of the Alpine Global Infrastructure Fund. "The deteriorating condition of infrastructure assets in the U.S. coupled with the growth of the emerging market middle class and soaring urban populations worldwide have global infrastructure well positioned to remain an attractive investment opportunity for investors."

Launched in 2008 to help a broader universe of investors and advisors potentially benefit from increased infrastructure spending, the Alpine Global Infrastructure Fund's goal is to invest in companies that are focused on markets with high barriers to entry (potentially monopolies or quasi-monopolies) and have the potential for stable and predictable cash flows.

More information about the Fund is available at www.alpinefunds.com.

About Alpine Woods Capital

Founded in 1998, Alpine Woods Capital Investors is an independent asset manager specializing in global real estate securities, tax optimized income investing, distinctly structured equity income products and innovative thematic mutual funds. Based in Purchase, New York, Alpine Woods Capital Investors is the investment advisor to the Alpine Funds, a family of fourteen open-end funds and three closed-end funds.

The Alpine open-end funds are distributed by Quasar Distributors, LLC.

The Fund is subject to the risk of concentrating investments in infrastructure related companies, which makes it more susceptible to factors adversely affecting issuers within that industry than would a fund investing in a more diversified portfolio of securities. These risks include high interest costs in connection with capital construction programs and the costs associated with environmental and other regulations. The Fund invests in foreign securities which involve political, economic and currency risks, greater volatility and differences in accounting methods. These risks are greater for investments in emerging markets. The Fund's strategy of investing in dividend-paying stocks involves the risk that such stocks may fall out favor with investors and underperform the market. In addition, there is the possibility that such companies could reduce or eliminate the payment of dividends in the future or the anticipated acceleration of dividends could not occur. Medium- and small-capitalization companies tend to have limited liquidity and greater price volatility than large-capitalization companies. The Fund may participate in initial public offerings ("IPOs") or Secondary offerings which may result in a magnified impact on the performance of the Fund. IPO's and Secondary offerings are frequently volatile in price and may increase the turnover of the Fund, which may lead to increased expenses.

All investments involve risk, including loss of principal. Past performance is no guarantee of future results.

Cash flow — measures the cash generating capability of a company by adding non-cash charges (e.g. depreciation) and interest expense to pretax income.

INVESTORS SHOULD CONSIDER THE FUND'S INVESTMENT OBJECTIVES, RISKS, CHARGES AND EXPENSES CAREFULLY BEFORE INVESTING. THE PROSPECTUS OR THE SUMMARY PROSPECTUS CONTAIN THIS AND OTHER INFORMATION ABOUT A FUND. TO OBTAIN A FREE PROSPECTUS, PLEASE CONTACT YOUR FINANCIAL ADVISOR, DIAL 888-785-5578 OR VIEW THE PRODUCT SPECIFIC PAGE ONWWW.ALPINEFUNDS.COM. YOU MAY AN INVESTOR SHOULD READ THE PROSPECTUS CAREFULLY BEFORE INVESTING.

Mutual fund investing involves risk. Principal loss is possible.

Diversification does not assure a profit or protect against market loss. There is no guarantee that the investor needs listed above will be met.

The Alpine open-end funds are distributed by Quasar Distributors, LLC.

River Communications
Max Leitenberger, 914-434-5725
maxl@riverinc.com

KEYWORDS: United States North America New York

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