Alpine Ultra Short Tax Optimized Income Fund Changes Name to Alpine Ultra Short Municipal Income Fund
Alpine Woods Capital Investors, LLC, investment advisor to the Alpine Funds announced that Alpine Ultra Short Tax Optimized Income Fund changed its name to Alpine Ultra Short Municipal Income Fund, effective October 1, 2014. The Fund’s Board also approved a change in the classification of the investment policy stating that 80% of the Fund’s net assets will be invested in tax-exempt obligations from a non-fundamental investment policy (which could be changed by the Board upon 60 days’ prior notice to shareholders) to a fundamental investment policy (which requires shareholder approval to be changed). The Fund’s portfolio management team, objective and strategy have not changed.
The Fund’s ticker symbols and investment minimums remain the same.
- ATOIX – Institutional Class, minimum initial investment $250,000
- ATOAX – Class A, minimum initial investment of $2,500
To learn more about Alpine Ultra Short Municipal 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.
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. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. The Fund may invest and concentrate investments in municipal securities which are subject to structural risks that could cause the Fund to receive taxable income or to lose money. If events occur after the security is acquired that impact the security’s tax-exempt status, the Fund and its shareholders could be subject to substantial tax liabilities. Some securities held by a Fund may be difficult to sell, or illiquid, particularly during times of market turmoil. Illiquid securities may also be difficult to value. If a Fund is forced to sell an illiquid asset to meet redemption requests or other cash needs, the Fund may be forced to sell at a loss. The credit quality and liquidity of the Fund’s investments in municipal obligations and other debt securities may be dependent in part on the credit quality of third parties, such as banks and other financial institutions, which provide credit and liquidity enhancements to the Fund’s investments. Adverse changes in the credit quality of these third parties could cause losses to the Fund and affect its share price. Changes in the financial condition of the issuer of an obligation, or economic changes that affect the issuer may impact its actual or perceived willingness or ability to make timely payments of interest or principal. The fund may invest in mortgage and asset-backed securities which are subject to prepayment risk, which is the risk that the borrower will prepay some or all of the principal owed to the owner. This could reduce the Fund’s share price and its income distributions. Events in Puerto Rico and U.S. Territories are likely to affect the Fund’s investments and its performance. These events may include economic or political policy changes, tax base erosion, territory constitutional limits on tax increases, budged deficits and other financial difficulties, and changes in the credit ratings assigned to Puerto Rico’s municipal issuers.
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. (c) 2014 Alpine Woods Capital Investors, LLC. All rights reserved.
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