Alpine Woods Capital Investors, LLC manager of the Alpine family of mutual funds is pleased to announce the addition of
Stephen S. Kim as Senior Real Estate Analyst. He was most recently a managing director at Citi Investment Research cover-
ing the homebuilders and building products sector, which he has followed for 17 years.
Mr. Kim was named to Institutional Investor’s “All-America Research Team” every year from 2001 to 2006. In 2005 Stephen
also was rated the #1 analyst in the Home Construction category by the Wall Street Journal’s 2005 Best on the Street
Analyst Survey. In 2004, he was named the #1 Stock Picker by Forbes magazine, out of 3000 analysts across all industries,
and also ranked in the top ten for Earnings Estimator Accuracy. Forbes Magazine also named him among the top Ten Stock
Pickers in Household Durables in 2005.
“Stephen has achieved notable distinction, indicative of his great industry insight, breadth of experience and superb analytical
talents.” said, Alpine President Sam Lieber. “We continue to seek top industry professionals to contribute to the strength of
Alpine’s portfolio management team.”
Alpine manages 13 mutual funds, of which four are real estate funds, including the first-ever international real-estate fund
(Alpine International Real Estate Equity Fund, EGLRX), dating back to 1989 and one of the largest closed-end funds focused
on real estate, Alpine Global Premier Properties (AWP).
Mutual fund investing involves risk. Principal loss is possible.
The fund’s investment objectives, risks, charges and expenses must be considered carefully before investing. The prospectus contains
this and other important information about the investment company, and it may be obtained by calling 1800-617-7616, or visiting
http://www.alpinecef.com. Read it carefully before investing
Institutional Investor’s “All-America Research Team” rankings were determined strictly by using numerical scores. Institu-
tion Investor took the number of votes awarded to each analyst and weighted th