Business Context and Reporting Period
This Form 8-K is a current report filed by the Alpine Global Dynamic Dividend Fund (and related funds) on June 25, 2015. The filing addresses a change in the registrant's certifying accountant.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document is strictly procedural regarding the appointment of an audit firm.
Material Changes
- Dismissal of Auditor: Deloitte & Touche LLP was dismissed as the independent registered public accounting firm effective June 25, 2015.
- Engagement of New Auditor: Ernst & Young LLP was engaged as the new independent registered public accounting firm for the fiscal year ending October 31, 2015.
- Audit History: Deloitte & Touche's reports for the fiscal years ended October 31, 2014, and October 31, 2013, contained no adverse opinions, disclaimers, or qualifications.
- Disagreements: There were no disagreements with Deloitte & Touche regarding accounting principles, practices, or audit scope during the two most recent fiscal years or the interim period.
Management Commentary and Risks
Management explicitly stated that the selection of Ernst & Young LLP does not reflect any disagreements with or dissatisfaction regarding the performance of the prior firm, Deloitte & Touche LLP. No consultations were made with the new firm regarding accounting principles or reportable events prior to their engagement. The filing includes a letter from Deloitte & Touche confirming the accuracy of these disclosures.
Investor Verification Checklist
- Verify the effective date of the auditor transition (June 25, 2015).
- Confirm that the prior auditor (Deloitte & Touche) issued no adverse opinions for the 2013 and 2014 fiscal years.
- Review the attached Exhibit 1 (Letter from Deloitte & Touche) for any additional context on the dismissal.
- Note that this filing does not impact the fund's financial statements or operational metrics directly.