Alpine Total Dynamic Dividend Fund (the Fund) is a diversified, closed-end management investment company. The Fund�s investment objective is to seek high current dividend income. The Fund also focuses on long-term growth of capital as a secondary investment objective. It invests in various sectors, including consumer discretionary, industrials, energy, information technology, materials, consumer staples, healthcare, financials, utilities and telecommunication services. As of October 31, 2012, top 10 holdings of the Fund include Apple, Inc., Nestle SA, Diageo plc, Wynn Resorts, Ltd., Royal Dutch Shell PLC-A Shares, British Sky Broadcasting Group PLC, Ensco PLC-Class A, Seadrill, Ltd., JPMorgan Chase & Co. and Avago Technologies, Ltd. Alpine Woods Capital Investors, LLC (Alpine Woods) serves as the Fund�s investment advisor.