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Alpine Woods Capital Investors, Llc
Alpine Global Premier Properties Fund Reduces Distributions; Declares January, February and March
January 9th, 2009
The Board of Trustees of the Alpine Global Premier Properties Fund (NYSE:AWP) declared distributions for January, February and March at a reduced rate of $.03 cents per share. Fund manager Sam Lieber said, "The crisis of confidence affecting the global financial markets has severely impacted capital intensive, cyclically sensitive sectors such as real estate." Lieber continued, "Many companies are reassessing capital requirements. This may affect dividend payouts in 2009. (Already, 25 REITs in the U.S. alone have cut or suspended dividends.) "Given the current level of uncertainty, the Board of AWP believes it is prudent to reduce the monthly...
Source: Health Business Week (2009-01-09)
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