Alpine Global Premier Properties Fund News

Alpine Global Premier Properties Fund Announces Its Next Three Monthly Dividend Payments at the Current $0.1267 Per Share

WESTCHESTER, N.Y., July 3 PRNewswire-FirstCall — The Board of Trustees of the Alpine Global Premier Properties Fund (NYSE: AWP) today announced the next three monthly dividend payments at the current $0.1267 per share for July, August and September.

The Fund is lead-managed by Samuel Lieber, manager of the first public mutual fund that focused primarily on investing internationally in real estate related securities since that fund's 1989 inception.

The following dates apply to today's distribution declaration: Record Date Ex-Distribution Date Payable Date

Ex-Distribution Date Record Date Payable Date July 23, 2008 July 25, 2008 July 31, 2008 August 25, 2008 August 27, 2008 August 29, 2008 September 22, 2008 September 24, 2008 September 30, 2008

More information about the fund is available on www.alpinecef.com. Information about Alpine and its nine open-end no-load funds is available at www.alpinefunds.com.

Based in Westchester, New York, Alpine Woods Capital Investors was founded in 1997, and together with its affiliated entities has over $9.3 billion in assets under management, as of June 30, 2008.

This press release contains forward-looking statements that describe our strategies and goals and our beliefs concerning future conditions and the outlook for the Fund, based on currently available information. The Fund's actual results could differ materially from those anticipated in the forward- looking statements because of various risks and uncertainties, including the factors set forth in the fund's prospectus, filed with the SEC on April 25, 2007, in the section headed "Risk Factors" and elsewhere in the prospectus. You should carefully consider those Risk Factors and the other information in the Fund's SEC filings before investing.

The Alpine Funds are closed-end funds and do not continuously offer shares.

Contact: Alpine Woods Capital Investors LLC: Marc R. Rappaport, (914) 251-0880 Senior Managing Director

SOURCE Alpine Global Premier Properties Fund

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