I wondered who underwrote AOD. Found this on the internet...
"NEW YORK (MarketWatch) -- [Jan 26, 2007] Alpine Total Dynamic Dividend Fund raised $3.5 billion in its initial public offering Friday, making it the richest closed-end fund ever.
The Purchase, N.Y. fund sold 176 million shares at $20 a share with a long list of underwriters, including Wachovia, Citigroup Global Markets, AG Edwards, BB&T Capital Markets, Robert W. Baird & Co, Ferris Baker Watts Inc, H&R Block Financial Advisors Inc, Janney Montgomery Scott, Oppenheimer & Co, Raymond James and others.
Alpine Total Dynamic Dividend Fund (US:AOD) opened at $20.02 and rose to $20.24 in recent action.
With a focus on long-term growth of capital as a secondary investment objective, the fund expects to invest at least 80% of its net assets, plus amounts borrowed, for investment purposes in the equity securities of domestic and foreign corporations that pay dividends, according to its prospectus...."