|
3. PURCHASES
AND SALES OF SECURITIES:
|
|
Purchases and sales of securities (excluding short term securities) for
the six months ended April 30, 2012 are as follows:
|
|
|
|
Purchases
|
Sales
|
|
|
|
|
$1,678,799,170
|
$1,728,938,799
|
|
|
|
The Fund did not have purchases and sales of U.S. Government obligations
for the six months ended April 30, 2012.
|
4. INVESTMENT
ADVISORY AGREEMENT AND ADMINISTRATION AGREEMENT:
|
|
Alpine Woods Capital Investors LLC serves as the Funds investment
adviser pursuant to an Investment Advisory Agreement with the Fund. As
compensation for its services to the Fund, Alpine Woods receives an annual
investment advisory fee of 1.00% based on the Funds average daily Total
Assets, computed daily and payable monthly.
State Street Bank and Trust Company (SSBT) serves as the Funds
administrator pursuant to an Administration, Bookkeeping and Pricing Services
Agreement with the Fund. As compensation for its services to the Fund, SSBT
receives an annual administration fee of 0.02% of total net assets on the first
$5 billion and 0.015% on total net assets exceeding $5 billion, computed daily
and payable monthly.
|
5. INCOME TAX
INFORMATION:
|
|
Classification of Distributions:
Net
investment income (loss) and net realized gain (loss) may differ for financial
statement and tax purposes. The character of distributions made during the year
from net investment income or net realized gains may differ from its ultimate
characterization for federal income tax purposes.
The tax character of the distributions paid by the Fund during the year
ended October 31, 2011 was as follows:
|
|
|
Distributions
paid from:
|
|
|
Ordinary Income
|
$148,090,420
|
|
|
|
|
Total
|
$148,090,420
|
|
|
|
|
Tax components of distributable earnings are determined in accordance
with income tax regulations which may differ from the composition of net assets
reported under accounting principles generally accepted in the United States.
Accordingly, for the year ended October 31, 2011, the effects of certain
differences were reclassified. The fund decreased accumulated net investment
income by $2,762,779 and decreased accumulated net realized loss by $2,762,779.
These differences were primarily due to the differing tax treatment of foreign
currency and certain other investments. Net assets of the portfolio were
unaffected by the reclassifications and the calculation of net investment
income per share in the Financial Highlights excludes these adjustments.
At October 31, 2011, the Fund had available for tax purposes unused
capital loss carryovers of $164,214,963, expiring October 31, 2015, unused
capital loss carryovers of $1,575,094,244, expiring October 31, 2016, unused
capital loss carryovers of $896,144,160, expiring October 31, 2017, unused
capital loss carryovers of $342,916,726, expiring October 31, 2018 and unused
capital loss carryovers of $24,489,359, expiring October 31, 2019.
As of October 31, 2011, the components of distributable earnings on a
tax basis were as follows:
|
|
|
|
|
Undistributed Ordinary Income
|
|
$
|
11,503,002
|
|
Accumulated Capital Loss
|
|
|
(3,002,859,452
|
)
|
Unrealized Appreciation
|
|
|
46,513,826
|
|
|
|
|
|
|
Total
|
|
$
|
(2,944,842,624
|
)
|
|
|
|
|
|
As of April 30, 2012, net unrealized appreciation/(depreciation) of
investments based on federal tax costs was as follows:
|
|
|
|
|
Gross appreciation on investments
(excess of value over tax cost)
|
|
$
|
163,434,202
|
|
Gross depreciation on investments
(excess of tax cost over value)
|
|
|
(27,409,455
|
)
|
Net depreciation on foreign currency
|
|
|
(706,214
|
)
|
|
|
|
|
|
Net unrealized appreciation
|
|
|
135,318,533
|
|
|
|
|
|
|
Cost of investments for income tax purposes
|
|
$
|
937,029,745
|
|
|
|
|
|
|
The differences between book and tax net unrealized appreciation and
cost were primarily due to deferral of losses from wash sales and to the
different tax treatment of certain other investments.
The Regulated Investment Company (RIC) Modernization Act of 2010 (the
Modernization Act) modernizes several of the federal income and excise tax
provisions related to RICs. The Modernization Act contains simplification
provisions effective for taxable years beginning after December 22, 2010, which
are aimed at preventing disqualification of a RIC for inadvertent failures of
the asset diversification and/or qualifying income tests. Additionally, the
Modernization Act allows capital losses to be carried forward indefinitely, and
retain the character of the original loss, exempts RICs from the preferential
dividend rule and repealed the 60-day designation requirement for certain types
of pay-through income and gains.
On December 1, 2010, the Fund executed a Prime Brokerage Agreement with BNP
Paribas Prime Brokerage International Ltd and also executed a Committed
Facility Agreement which allows the Fund to borrow on a secured and committed
basis. The maximum commitment amounts were (i) $300,000,000 USD between
December 1, 2010 and February 28, 2011; (ii) $700,000,000 USD between March 1,
2011 and May 31, 2011; and (iii) $300,000,000 USD after May 31, 2011. The
facility is a rolling six month facility. The
|
|
Notes
to Financia
l
Statements
|
|
|
April
30, 2012 (Unaudited)
|
|
maximum commitment of $300,000,000 USD increased to $700,000,000 USD
between March 1, 2012 and May 31, 2012, thereafter the maximum commitment will
revert to $300,000,000 USD until the earlier of six months from a notice of
termination or until increased to $700,000,000 USD on March 1, 2013. During the
six months ended April 30, 2012, the average borrowing by the Fund was
$48,529,739 with an average rate on borrowings of 1.06%. Interest expense
related to the loan for the six months ended April 30, 2012 was $261,275. At
April 30, 2012 the outstanding loan for the fund was $61,519,862.
Distributions:
The Fund paid a distribution
of $12,156,677 or $0.055 per common share on May 31, 2012 to common
shareholders of record on May 21, 2012.
The Fund also declared a distribution of $0.055 payable on June 29, 2012
to common shareholders of record on June 22, 2012.
|
8. NEW
ACCOUNTING PRONOUNCEMENT:
|
|
In May 2011, the FASB issued ASU No. 2011-04, Fair Value Measurement:
Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements
in U.S. GAAP and IFRS (ASU 2011-04), modifying ASC 820. At the same time,
the International Accounting Standards Board (IASB) issued International
Financial Reporting Standard (IFRS) 13, Fair Value Measurement. The
objective by the FASB and IASB is convergence of their guidance on fair value
measurements and disclosures. Specifically, ASU 2011-04 requires reporting
entities to disclose: (1) the amounts and reasons for any transfers between
Level 1 and Level 2, and (2) for Level 3 fair value measurements: (a)
quantitative information about significant unobservable inputs used, (b) a
description of the valuation procedures used by the reporting entity, and (c) a
narrative description of the sensitivity of the fair value measurement to
changes in unobservable inputs if a change in those inputs might result in a
significantly higher or lower fair value measurement. The effective date of ASU
2011-04 is for interim and annual periods beginning after December 15, 2011. At
this time, management is evaluating the implications of this requirement and
the impact it will have to the Funds financial statement disclosures.
|
|
|
A
dditional
Information
|
|
|
April
30, 2012 (Unaudited)
|
|
DIVIDEND
REINVESTMENT PLAN
|
|
Unless the registered owner of common shares elects to receive cash by
contacting Boston Financial Data Services, Inc. (Plan Administrator), all
dividends or other distributions (together, Dividends and each, a Dividend)
declared on common shares will be automatically reinvested by the Plan
Administrator for shareholders in the Funds Dividend Reinvestment Plan (the
Plan), in additional common shares of the Fund. Shareholders that are not
permitted to participate through their broker or nominee or who elect not to
participate in the Plan will receive all Dividends in cash paid by check mailed
directly to the shareholder of record (or, if the common shares are held in
street or other nominee name, then to such nominee) by the Plan Administrator,
as dividend disbursing agent. You may elect not to participate in the Plan and
to receive all Dividends in cash by contacting the Plan Administrator, as
dividend disbursing agent, at the address set forth below. Participation in the
Plan is completely voluntary and may be terminated or resumed at any time
without penalty by notice if received and processed by the Plan Administrator
prior to the dividend record date; otherwise such termination or resumption
will be effective with respect to any subsequently declared Dividend. If you
hold your shares through a broker, and you wish for all Dividends declared on
your common shares to be automatically reinvested pursuant to the Plan, please
contact your broker.
The Plan Administrator will open an account for each shareholder under
the Plan in the same name in which such shareholders common shares are
registered. Whenever the Fund declares a Dividend payable in cash,
non-participants in the Plan will receive cash and participants in the Plan
will receive the equivalent in common shares. The common shares will be
acquired by the Plan Administrator for the participants accounts, depending
upon the circumstances described below, either (i) through receipt of
additional unissued but authorized common shares from the Fund (Newly Issued
common shares) or (ii) by purchase of outstanding common shares on the open
market (Open-Market Purchases) on the NYSE or elsewhere. If, on the payment
date for any Dividend, the closing market price plus estimated brokerage
commissions per share is equal to or greater than the NAV per share, the Plan
Administrator will invest the Dividend amount in Newly Issued common shares on
behalf of the participants. The number of Newly Issued common shares to be
credited to each participants account will be determined by dividing the
dollar amount of the Dividend by the NAV per share on the payment date;
provided that, if the NAV is less than or equal to 95% of the closing market
value on the payment date, the dollar amount of the Dividend will be divided by
95% of the closing market price per share on the payment date. If, on the
payment date for any Dividend, the NAV per share is greater than the closing
market value plus estimated brokerage commissions, the Plan Administrator will
invest the Dividend amount in common shares acquired on behalf of the
participants in Open-Market Purchases.
In the event of a market discount on the payment date for any Dividend,
the Plan Administrator will have until the last business day before the next
date on which the common shares trade on an ex-dividend basis or 30 days
after the payment date for such
Dividend, whichever is sooner (the Last Purchase Date), to invest the
Dividend amount in common shares acquired in Open-Market Purchases. If, before
the Plan Administrator has completed its Open-Market Purchases, the market
price per share exceeds the NAV per share, the average per share purchase price
paid by the Plan Administrator may exceed the NAV of the common shares,
resulting in the acquisition of fewer common shares than if the Dividend had
been paid in Newly Issued common shares on the Dividend payment date. Because
of the foregoing difficulty with respect to Open-Market Purchases, the Plan
provides that if the Plan Administrator is unable to invest the full Dividend
amount in Open-Market Purchases during the purchase period or if the market
discount shifts to a market premium during the purchase period, the Plan
Administrator may cease making Open-Market Purchases and may invest the
uninvested portion of the Dividend amount in Newly Issued common shares at the
NAV per share at the close of business on the Last Purchase Date provided that,
if the NAV is less than or equal to 95% of the then current market price per
share, the dollar amount of the Dividend will be divided by 95% of the market
price on the payment date for purposes of determining the number of shares
issuable under the Plan.
The Plan Administrator maintains all shareholders accounts in the Plan
and furnishes written confirmation of all transactions in the accounts,
including information needed by shareholders for tax records. Common shares in
the account of each Plan participant will be held by the Plan Administrator on
behalf of the Plan participant, and each shareholder proxy will include those
shares purchased or received pursuant to the Plan. The Plan Administrator will
forward all proxy solicitation materials to participants and vote proxies for
shares held under the Plan in accordance with the instructions of the
participants.
In the case of the Funds shareholders such as banks, brokers or
nominees which hold shares for others who are the beneficial owners, the Plan Administrator
will administer the Plan on the basis of the number of common shares certified
from time to time by the record shareholders name and held for the account of
beneficial owners who participate in the Plan.
There will be no brokerage charges with respect to common shares issued
directly by the Fund. However, each participant will pay a pro rata share of
brokerage commissions incurred in connection with Open-Market Purchases. The
automatic reinvestment of Dividends will not relieve participants of any U.S.
federal, state or local income tax that may be payable (or required to be
withheld) on such Dividends. See U.S. Federal Income Tax Matters.
Participants that request a sale of common shares through the Plan
Administrator are subject to brokerage commissions.
Shareholders participating in the Plan may receive benefits not
available to shareholders not participating in the Plan. If the market price
plus commissions of the Funds shares is higher than the NAV, participants in
the Plan will receive shares of the Fund for less than they could otherwise
purchase them and will have shares with a cash value greater than the value of
any cash distribution they would have
|
|
|
Semi-Annual Report
(Unaudited) | April 30, 2012
|
23
|
|
|
Additional Information
|
|
|
April
30, 2012 (Unaudited)
|
|
received on their shares. If the market price plus commissions is below
the net asset value, participants receive distributions of shares with a NAV
greater than the value of any cash distribution they would have received on
their shares. However, there may be insufficient shares available in the market
to make distributions in shares at prices below the NAV. Also, because the Fund
does not redeem its shares, the price on resale may be more or less than the NAV.
The Fund reserves the right to amend or terminate the Plan. There is no
direct service charge to participants with regard to purchases in the Plan;
however, the Fund reserves the right to amend the Plan to include a service
charge payable by the participants.
All correspondence or questions concerning the Plan should be directed
to the Plan Administrator, Boston Financial Data Services Inc. c/o Alpine
Closed-End Funds, PO Box 8128, Boston, MA 02266-8128 or by calling toll-free 1
(800) 617.7616.
|
BOARD APPROVAL
OF INVESTMENT MANAGEMENT AGREEMENT
|
|
In the weeks leading up to the Meeting, of the Board on March 28th,
2012, the Board Members reviewed materials specifically relating to the
Advisory Contracts provided by the Adviser. The Board members had the
opportunity to, and did, ask specific questions of the Adviser relating to the
materials provided. In deciding whether to renew the Agreements, the
Independent Trustees considered various factors, including (i) the nature,
extent and quality of the services provided by Adviser under the Agreements,
(ii) the investment performance of the Funds, (iii) the costs to the Adviser of
its services and the profits realized by the Adviser, from its relationship
with the Funds, and (iv) the extent to which economies of scale would be
realized if and as a Fund grows and whether the fee levels in the Agreements
reflect these economies of scale.
In considering the nature, extent and quality of the services provided
by Adviser, the Independent Trustees relied on their prior experience as
Independent Trustees of the Funds as well as on the materials provided at and
prior to the meeting. They noted that under the Agreements, the Adviser is
responsible for managing the Funds investments in accordance with the Funds
investment objectives and policies, applicable legal and regulatory
requirements, and the instructions of the Independent Trustees, for providing
necessary and appropriate reports and information to the Independent Trustees,
and for furnishing the Funds with the assistance, cooperation, and information
necessary for the Funds to meet various legal requirements regarding
registration and reporting. They also noted the experience and expertise of the
Adviser as appropriate as an adviser to the Funds.
The Independent Trustees reviewed the background and experience of the
Advisers senior management, including those individuals responsible for the
investment and compliance operations with respect to the Funds investments,
and the responsibilities of the investment and compliance personnel with
respect to the Fund. They also considered the resources, operational structures
and practices
of the Adviser in managing the Funds portfolios, in monitoring and
securing the Funds compliance with investment objectives and policies and with
applicable laws and regulations, and in seeking best execution of portfolio
transactions. Drawing upon the materials provided and their general knowledge
of the business of the Adviser, the Independent Trustees took into account that
the Advisers experience, resources and strength in these areas are deep,
extensive and of high quality. On the basis of this review, the Independent
Trustees determined that the nature and extent of the services provided by the
Adviser to the Fund were appropriate, had been of high quality, and could be
expected to remain so.
The Independent Trustees discussed the Fund performance metrics compiled
from Morningstar data and those internally generated by Alpine. It was observed
that the last quarter of performance had been strong for several of the Funds.
In assessing the quality of the portfolio management delivered by the Adviser,
the Independent Trustees also compared the short-term and long-term performance
of each Fund on both an absolute basis and in comparison to its peer group, as
constructed by data provided by independent rating agencies. The Independent
Trustees noted that the performance of a number of the Funds was strong. Of
importance to the Independent Trustees was the extent to which the Funds
achieved their objectives. They further concluded that the expense ratios of
the Funds were appropriate and in line with competitors. Accordingly, the
Independent Trustees concluded that the performance of the Funds was
satisfactory.
The Independent Trustees considered the profitability of the advisory
arrangement with the Adviser. The Independent Trustees had been provided with
general data on the Funds profitability with respect to the advisory
arrangement with the Adviser. The Independent Trustees also examined the level
of profits that could be expected to accrue to the Adviser from the fees
payable under the Agreements and any expense subsidization undertaken by the
Adviser, as well as each Funds brokerage and commissions. After discussion and
analysis, they concluded that, to the extent that the Advisers relationship
with the Funds had been profitable, the profitability was in no case such as to
render the advisory fee excessive.
The Independent Trustees discussed the other materials provided by Alpine,
including expense information, organization charts, advisory fee breakpoints
and profitability data. In reviewing breakpoints, the Independent Trustees
recognized that breakpoints were more relevent for open-end funds, where assets
could continue to grow over time.
In considering whether the Adviser benefits in other ways from its
relationship with the Funds, the Independent Trustees concluded that, to the
extent that Adviser derives other benefits from its relationship with the
Funds, those benefits are not so significant as to render the Advisers fees
excessive.
On the basis of their discussions with management and their analysis of
information provided at the meeting, the Independent Trustees determined that
the nature of the Funds and their operations is such
|
|
|
Alpine
View
|
|
|
April
30, 2012 (Unaudited)
|
that the Adviser may realize economies of scale in the management of
certain Funds as they grow in size.
The Independent Trustees approved the continuance of the Funds
Agreements with Adviser after weighing the foregoing factors. They reasoned
that the nature and extent of the services provided by the Adviser were
appropriate, that the performance of the Funds had been satisfactory, and that
Adviser could be expected to provide services of high quality. As to the
Advisers fees for the Funds, the Independent Trustees determined that the
fees, considered in relation to the services provided, were fair and
reasonable, that the Funds relationship with the Adviser was not so profitable
as to render the fees excessive, that any additional benefits to the Adviser
were not of a magnitude that materially affected the Independent Trustees
deliberations, and that the fees adequately reflected shared economies of scale
with the Funds.
After reconvening, the Trustees, including a majority of the Independent
Trustees, agreed to approve the continuation of the Agreements for one year.
|
FUND PROXY
VOTING POLICIES & PROCEDURES
|
|
Policies and procedures used in determining how to vote proxies relating
to portfolio securities and a summary of proxies voted by the Fund are
available without a charge, upon request, by contacting the Fund at 1(800)
617.7616 and on the Securities and Exchange Commissions (Commission) web
site at http://www.sec.gov.
The Fund files its complete schedule of portfolio holdings with the
Commission for the first and third quarters of each fiscal year on Form N-Q
within 60 days after the end of the period. Copies of the Funds Forms N-Q are
available without a charge, upon request, by contacting the Fund at
1(800)617.7616 and on the Commissions web site at http://www.sec.gov. You may
also review and copy Form N-Q at the Commissions Public Reference Room in
Washington, D.C. For more information about the operation of the Public
Reference Room, please call the Commission at 1(800)SEC.0330.
Of the distributions paid by the Fund from ordinary income for the year
ended October 31, 2011, the following percentages met the requirements to be
treated as qualifying for the corporate dividends received deduction and
qualified dividend income, respectively.
|
|
|
|
|
Dividends Received Deduction
|
|
|
8.29
|
%
|
Qualified Dividend Income
|
|
|
41.47
|
%
|
On June 8, 2012, the Fund held its Annual Meeting of Shareholders (the
Meeting) for the purpose of voting on a proposal to re-elect one trustee of
the Fund and to conduct other business. The results of the proposals below
reflect the percentage of shares voted at the meeting and are as follows:
Proposal 1:
To elect Samuel A. Lieber as
Trustee to the Board of Trustees for a term of three years to expire at the
2015 Annual Meeting and until his successor has been duly elected and
qualified.
|
|
|
|
|
|
|
Samuel A. Lieber
|
|
For
|
|
|
94.07
|
%
|
Withheld
|
|
|
5.93
|
%
|
Proposal 2:
To transact such other
business as may properly come before the meeting or any adjournments or
postponements thereof.
|
|
|
|
|
For
|
|
|
93.69
|
%
|
Against
|
|
|
7.45
|
%
|
Abstain
|
|
|
1.62
|
%
|
Notice is hereby given in accordance with Section 23(c) of the
Investment Company Act of 1940 that the Fund may purchase at market prices from
time to time its common shares in the open market.
|
|
|
Semi-Annual Report
(Unaudited) | April 30, 2012
|
25
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
I
NVESTOR
|
|
|
1(800) 617.7616 | www.alpinefunds.com
|
|
|
|
|
|
I
NFORMATION
|
|
|
|
|
|
|
|
|
|
|
|
|
Investment Adviser
Alpine Woods Capital Investors, LLC
2500 Westchester Ave., Suite 215
Purchase, NY 10577
Administrator &
Custodian
State Street Bank & Trust Company
One Lincoln Street
Boston, MA 02111
Transfer Agent
Boston Financial Data Services, Inc.
Two Heritage Drive
North Quincy, MA 02171
INDEPENDENT REGISTERED
PUBLIC ACCOUNTING FIRM
Deloitte & Touche LLP
555 East Wells Street
Milwaukee, Wl 53202
Fund Counsel
Willkie Farr & Gallagher
787 7th Ave.
New York, NY 10019
INVESTOR INFORMATION
1(800) 617.7616
www.alpinefunds.com
|
|
Item 2. Code of Ethics
|
|
|
Not applicable to
semi-annual report.
|
|
|
Item
3. Audit
Committee Financial Expert
|
|
|
Not applicable to
semi-annual report.
|
|
|
Item 4. Principal Accountant Fees and Services
|
|
|
Not applicable to
semi-annual report.
|
|
|
Item 5. Audit Committee of Listed Registrants
|
|
|
Not applicable to
semi-annual report.
|
|
|
Item 6. Schedule of Investments
|
|
|
(a) Schedule of
Investments is included as part of Item 1 of the Form N-CSR.
|
|
|
(b) Not applicable.
|
|
|
Item 7. Disclosure of Proxy Voting Policies and Procedures for
Closed-End Management Investment Companies.
|
|
|
Not applicable to
semi-annual report.
|
|
|
Item 8. Portfolio Managers of Closed-End Management Investment
Companies.
|
|
|
(a) Not applicable to
semi-annual report.
|
|
|
(b) Not applicable.
|
|
|
Item 9. Purchases of Equity Securities by Closed-End Management
Investment Company and Affiliated Purchasers.
|
|
|
No such purchases were
made by or on behalf of the Registrant during the period covered by the
report.
|
|
|
|
Item 10. Submission of Matters to a Vote of Security Holders.
|
|
|
|
There were no material
changes to the procedures by which shareholders may recommend nominees to the
Registrants Board of Trustees.
|
|
|
|
Item 11. Controls and Procedures.
|
|
|
|
|
(a)
|
The Registrants principal
executive officer and principal financial officer have evaluated the
registrants disclosure controls and procedures (as defined in Rule 30a-3(c)
under the Investment Company Act of 1940, as amended) within 90 days of this
filing and have concluded that the Registrants disclosure controls and
procedures were effective, as of that date.
|
|
|
|
|
(b)
|
There was no change in the
Registrants internal control over financial reporting (as defined in Rule
30a-3(d) under the Investment Company Act of 1940, as amended) during the
second fiscal quarter of the period covered by this report that has
materially affected, or is reasonably likely to materially affect, the
Registrants internal control over financial reporting.
|
|
|
|
Item 12. Exhibits
|
|
|
|
|
(a)(1)
|
Not applicable to
semi-annual report.
|
|
|
|
|
(a)(2)
|
The certifications
required by Rule 30a-2(a) of the Investment Company Act of 1940, as amended,
and Section 302 of the Sarbanes-Oxley Act of 2002 are attached hereto as
Ex99.Cert.
|
|
|
|
|
(a)(3)
|
No such written
solicitations were sent or given during the period covered by the report by
or on behalf of the Registrant.
|
|
|
|
|
(b)
|
The certifications by
the Registrants Principal Executive Officer and Principal Financial Officer,
as required by Rule 30a-2(b) of the Investment Company Act of 1940, as
amended, and Section 906 of the Sarbanes-Oxley Act of 2002 are attached
hereto as Ex99.906Cert.
|
SIGNATURES
Pursuant to the
requirements of the Securities Exchange Act of 1934 and the Investment Company
Act of 1940, the registrant has duly caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized.
Alpine Total Dynamic Dividend Fund
|
|
|
By:
|
/s/ Samuel A. Lieber
|
|
|
|
|
|
Samuel A. Lieber
|
|
|
Chief Executive Officer (Principal Executive
Officer)
|
|
|
|
|
Date:
|
July 9, 2012
|
|
Pursuant to the
requirements of the Securities Exchange Act of 1934 and the Investment Company
Act of 1940, this report has been signed below by the following persons on
behalf of the registrant and in the capacities and on the dates indicated.
|
|
|
By:
|
/s/ Samuel A. Lieber
|
|
|
|
|
|
Samuel A. Lieber
|
|
|
Chief Executive Officer (Principal Executive
Officer)
|
|
|
|
|
By:
|
/s/ Ronald G. Palmer, Jr.
|
|
|
|
|
|
Ronald G. Palmer, Jr.
|
|
|
Chief Financial Officer
(Principal Financial Officer)
|
|
|
|
|
Date:
|
July 9, 2012
|
|
abrdn Total Dynamic Divi... (NYSE:AOD)
Historical Stock Chart
From May 2024 to Jun 2024
abrdn Total Dynamic Divi... (NYSE:AOD)
Historical Stock Chart
From Jun 2023 to Jun 2024