Alpine Global Premier Properties Fund Announces a New 10% Share Repurchase Plan

Alpine Global Premier Properties Fund

today announced that its Board of Trustees, as part of an ongoing evaluation of strategic options to seek to enhance shareholder value, has authorized a new Share repurchase plan. Under the Repurchase Plan the Fund may purchase, in the open market, up to 10% of its outstanding common shares effective immediately and going through October 31, 2012. The amount and timing of repurchases will be at the discretion of the Fund's investment adviser, Alpine Woods Capital Investors, LLC (the “Adviser”), and subject to market conditions and investment considerations.