Alpine Ultra Short Tax Optimized Income Fund gets new name

By Toni Weeks

San Luis Obispo, Calif., July 24 – The board of trustees of Alpine Income Trust has approved a name change for the Alpine Ultra Short Tax Optimized Income Fund.

The new name will be Alpine Ultra Short Municipal Income Fund, according to a 497 filing with the Securities and Exchange Commission.

The fund also changed the classification of its 80% investment policy to fundamental from non-fundamental. The new classification will require shareholder approval to change the investment policy.

Under normal circumstances, the fund invests at least 80% of its net assets in municipal obligations that pay interest that is free from U.S. federal income tax, other than federal alternative minimum tax.

Purchase, N.Y.-based Alpine Woods Capital Investors, LLC is the fund’s investment adviser.

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