Alpine Woods Capital Investors, LLC

Ronald G. Palmer, Jr.

2500 Westchester Avenue, Suite 215

Chief Financial Officer

Purchase, New York 10577

Direct Line: (914) 417-6412

Fax: (914) 251-9098

RE:

Rule 17g-1 Fidelity Bond Filing Information with Respect to Period Covering March 31, 2011 through March 31, 2012 for the following Investment Companies (Investment Company Act of 1940 File Number) (each a “Fund”):

Alpine Total Dynamic Dividend Fund (811-21980)

Alpine Global Dynamic Dividend Fund (811-21901)

Alpine Global Premier Properties Fund (811-22016)

a.

A copy of the executed Joint Insured Fidelity Bond with a schedule of individual named insureds, for the period from March 31, 2011 through March 31, 2012 is enclosed under Exhibit 1;

b.

A copy of the resolution from the March 30, 2011, meeting of the Board of Trustees at which a majority of trustees not considered “interested persons” approved the amount, type, form and coverage of the Fidelity Bond, and the portion of the premium to be paid by each Fund for the period from March 31, 2011 through March 31, 2012 is enclosed under Exhibit 2;

c.

A document showing the amount of the single insured bond which each Fund would have provided and maintained had it not been named as an insured under the Joint Insured Fidelity Bond for the period from March 31, 2011 through March 31, 2012 is enclosed under Exhibit 3;

d.

Premiums of $12,084 will be paid for the period from March 31, 2011 through March 31, 2012; and

e.

A copy of the agreement between each Fund and all of the other named insureds entered into pursuant to paragraph (f) of Rule 17g-1 is enclosed under Exhibit 4.