Alpine Foundation Fund Changes Name to Alpine Equity Income Fund and Modifies Strategy to Emphasize Dividend Paying Stocks
Portfolio Managers Mark T. Spellman and Stephen A. Lieber are at the helm of Alpine Equity Income Fund
PURCHASE, N.Y.--(BUSINESS WIRE)--Alpine Woods Capital Investors, LLC, investment advisor to the Alpine Funds announces that the Alpine Foundation Fund changed its name to Alpine Equity Income Fund effective July 31, 2014. Consistent with this change, the Fund's investment strategy has been modified to reflect a greater emphasis on dividend paying stocks.
Alpine Equity Income Fund seeks both current income and long-term growth of capital. The Fund invests at least 80% of its net assets, plus borrowings for investment purposes, if any, in equity securities and targets income-producing securities of at least 65% of its total assets. The portfolio management team believes high quality companies with strong balance sheets coupled with strong dividend profiles are attractive candidates for long-term investments.
Mark T. Spellman and Stephen A. Lieber are the co-managers of the Fund. Mr. Spellman joined the advisor in February 2014 and was previously employed by EULAV Asset Management advisor to the Value Line Funds. He has managed portfolios at Mackay Shields, Deutsche Morgan Grenfell and Prudential Equity Management. Mr. Spellman has over 26 years industry experience as both an analyst and portfolio manager. Most recently he was the lead portfolio manager of an Income & Growth and Large-Cap Equity Fund. Both portfolio managers bring a wealth of experience and a disciplined investment process to the Fund.
The Fund’s ticker symbols and investment minimums remain the same.
- ADBYX – Institutional Class, minimum initial investment $1,000,000
- ADABX – Class A, minimum initial investment of $2,500
To learn more about Alpine Equity Income Fund or to obtain the most recent prospectus please visit our website www.alpinefunds.com or call us at 1-888-785-5578.
About Alpine Woods Capital Investors, LLC
Founded in 1998, Alpine Woods Capital Investors, LLC 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 fifteen open-end funds and three closed-end funds.
For additional information contact:
Marc Rappaport, Alpine Woods Capital Investors, LLC 914-251-0880
Past performance is not a guarantee of future results.
Carefully consider the fund’s investment objectives, strategies, risks, charges and expenses before investing or sending money. The prospectus or summary prospects contains this and other information about the Alpine open-end mutual funds and can be obtained by visiting our website at www.alpinefunds.com or by calling 888-785-5578. Read carefully before investing.
Investments involve risk. Principal loss is possible. The Funds strategy of investing in dividend-paying stocks involves the risk that such stocks may fall out of 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-, small- and micro-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. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities.
Alpine Woods Capital Investors, LLC is the adviser to the Alpine open-end Funds. The Alpine open-end Mutual Funds are distributed by Quasar Distributors, LLC. © 2014 Alpine Woods Capital Investors, LLC. All rights reserved.