Herzfeld Caribbean Basin Fund Inc

The Herzfeld Caribbean Basin Fund, Inc. operates as a non-diversified and closed-end management investment company. It invests in equity and equity-linked securities of public and private companies. The company was founded on March 10, 1992 and is headquartered in Miami Beach, FL.

MIAMI BEACH, Fla., March 25, 2024 (GLOBE NEWSWIRE) -- Thomas J. Herzfeld Advisors, Inc., an SEC-registered investment adviser, and The Herzfeld Caribbean Basin Fund, Inc. (Nasdaq: CUBA) (the “Fund”) today announced the final results of the Fund's cash tender offer to purchase up to 10% of its outstanding common shares at 97.5% of the Fund's net asset value (“NAV”) as of the close of ordinary trading on the NASDAQ Capital Market (the “NASDAQ”) on March 19, 2024, the expiration date (the “Tender Offer”).

The Herzfeld Caribbean Basin Fund, Inc. Announces Final Tender Offer Results

MIAMI BEACH, Fla., March 20, 2024 (GLOBE NEWSWIRE) -- Thomas J. Herzfeld Advisors, Inc., an SEC-registered investment adviser, and The Herzfeld Caribbean Basin Fund, Inc. (Nasdaq: CUBA) (the “Fund”) today announced the preliminary results of the Fund's cash tender offer to purchase up to 10% of its outstanding common shares at 97.5% of the Fund's net asset value (“NAV”) as of the close of ordinary trading on the NASDAQ Capital Market (the “NASDAQ”) on March 19, 2024, the expiration date (the “Tender Offer”).

The Herzfeld Caribbean Basin Fund, Inc. ANNOUNCES PRELIMINARY TENDER OFFER RESULTS

Herzfeld Fund's composite Portfolio poised to benefit both from Tourism and Near-Shoring of US Supply chains from China into the Caribbean region. While "CUBA" is the ticker symbol, 0% of composite portfolio valuation's securities are domiciled in Cuba. Portfolio companies do not depend on, but would benefit exponentially from, any lessening of decades old US Cuba embargo.

Herzfeld Caribbean Basin Fund: My Highest Conviction Idea

MIAMI BEACH, Fla., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Thomas J. Herzfeld Advisors, Inc., an SEC-registered investment advisor, today announced the commencement of a Tender Offer by The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) (the “Fund”). Under the terms of the Tender Offer the Fund is offering to purchase up to 10% of outstanding shares of the Fund at 97.5% of NAV.

The Herzfeld Caribbean Basin Fund, Inc. Commences Tender Offer for up to 10% of Outstanding Common Shares

MIAMI BEACH, Fla., Feb. 12, 2024 (GLOBE NEWSWIRE) -- The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) (the “Fund”) today announced that the Fund will pay a quarterly distribution pursuant to the Fund's managed distribution policy (the “Policy”) using a combination of shares of common stock and cash.

The Herzfeld Caribbean Basin Fund, Inc. Announces Quarterly Distribution in Stock and Cash

MIAMI BEACH, Fla., Feb. 09, 2024 (GLOBE NEWSWIRE) -- Thomas J. Herzfeld Advisors, Inc., an SEC-registered investment advisor, today announced its intention to commence a Tender Offer by The Herzfeld Caribbean Basin Fund, Inc. (Nasdaq: CUBA) (the “Fund”) on February 20, 2024, in accordance with the Fund's ongoing plan to address the Fund's trading price discount to its net asset value (“NAV”) per share that was previously announced on May 31, 2019, and subsequently extended and modified by the Fund's Board of Directors in November 2023 (the “Plan”).

The Herzfeld Caribbean Basin Fund, Inc. To Conduct a Tender Offer for up to 10% of Outstanding Common Shares

MIAMI BEACH, Fla., Jan. 31, 2024 (GLOBE NEWSWIRE) -- The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) (the “Fund”) today announced that the Fund has made the following distribution pursuant to the Fund's Managed Distribution Plan (the “Plan”):

The Herzfeld Caribbean Basin Fund, Inc. Pays Quarterly Distribution

MIAMI BEACH, Fla., Dec. 19, 2023 (GLOBE NEWSWIRE) -- The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) (the “Fund”) today announced that the Fund will pay a quarterly distribution pursuant to the Fund's managed distribution policy (the “Policy”) using a combination of shares of common stock and cash.

The Herzfeld Caribbean Basin Fund, Inc. Quarterly Distribution in Stock and Cash

MIAMI BEACH, Fla., Dec. 18, 2023 (GLOBE NEWSWIRE) -- The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) (the “Fund”) today announced the final results of its non-transferable rights offering (the “Offering”) that expired on December 13, 2023 (the “Expiration Date”). The Fund will issue a total of 9,000,000 new shares of common stock as a result of the Offering.

The Herzfeld Caribbean Basin Fund, Inc. Announces Final Results of Rights Offering

MIAMI BEACH, Fla., Dec. 14, 2023 (GLOBE NEWSWIRE) -- The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) (the “Fund”) today announced the preliminary results of its non-transferable rights offering (the “Offering”) that expired on December 13, 2023 (the “Expiration Date”). In the Offering, the Fund received subscription requests for 14,371,838 shares of common stock from rights holders.

The Herzfeld Caribbean Basin Fund, Inc. Announces Preliminary Results of Rights Offering

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19 out of 22 CEF sectors are positive on price, and 21 out of 22 sectors are positive on NAV. KYN/KMF merger completes. NXG Cushing Midstream Energy Fund rights offering begins.

Weekly Closed-End Fund Roundup: November 26, 2023

MIAMI BEACH, Fla., Nov. 22, 2023 (GLOBE NEWSWIRE) -- The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) (the “Fund”) today announced the following, each of which is discussed in detail below:

The Herzfeld Caribbean Basin Fund, Inc. Extends Expiration Date of Non-Transferable Rights Offering; Reinstates Quarterly Distribution; Revises Self-Tender Policy; Extends Management Fee Waiver; and Reports Results of Annual Stockholder Meeting

MIAMI BEACH, Fla., Nov. 03, 2023 (GLOBE NEWSWIRE) -- In a release issued under the same headline earlier today by The Herzfeld Caribbean Basin Fund (NASDAQ: CUBA), please note that the estimated subscription price in paragraph one should read "$2.57" rather than "$2.7919." The corrected release follows:

CORRECTION - The Herzfeld Caribbean Basin Fund, Inc. Announces Estimated Subscription Price for Rights Offering

MIAMI BEACH, Fla., Nov. 03, 2023 (GLOBE NEWSWIRE) -- The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) (the “Fund”) announced a $2.7919 estimated subscription price for its Non-Transferable Rights Offering (“Rights Offering”).

The Herzfeld Caribbean Basin Fund, Inc. Announces Estimated Subscription Price for Rights Offering

MIAMI BEACH, Fla., Oct. 24, 2023 (GLOBE NEWSWIRE) -- The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) (the “Fund”) announced initial terms of its Non-Transferable Rights Offering (the “Rights Offering”) on August 29, 2023 together with information about the Fund's Self-Tender Policy. This press release updates important dates for the Rights Offering that were previously announced on October 20, 2023. The Record Date for the Rights Offering will now be November 3, 2023. Pursuant to the Rights Offering, the Fund will distribute to Record Date stockholders one non-transferable right (“Right(s)”) for each share of the Fund held on the Record Date.

The Herzfeld Caribbean Basin Fund, Inc. Updates Important Dates for Rights Offering

MIAMI BEACH, Fla., Oct. 20, 2023 (GLOBE NEWSWIRE) -- The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) (the “Fund”) announced initial terms of its Non-Transferable Rights Offering on August 29, 2023 together with information about the Fund's Self-Tender Policy. The Record Date for the Rights Offering will be October 27, 2023. Pursuant to the Rights Offering, the Fund will distribute to Record Date stockholders one non-transferable right (“Right(s)”) for each share of the Fund held on the Record Date.

The Herzfeld Caribbean Basin Fund, Inc. Announces Important Dates for Rights Offering

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Closed-End Funds: Revisiting Valuations As We End Q3 2023

MIAMI BEACH, Fla., Aug. 29, 2023 (GLOBE NEWSWIRE) -- Thomas J. Herzfeld Advisors, Inc., an SEC-registered investment advisor, today announced (i) the filing of a registration statement (the “Registration Statement”) with the Securities and Exchange Commission (“SEC”) for a proposed non-transferable rights offer to holders of common stock, par value $0.001 per share (“Common Stock”), of The Herzfeld Caribbean Basin Fund, Inc. (the “Fund”); (ii) a modification to the Fund's Self-Tender Policy; and (iii) the indefinite suspension of the Fund's Managed Distribution Policy.

The Herzfeld Caribbean Basin Fund, Inc. Announces Proposed Non-Transferable Rights Offer, Modification to Self-Tender Policy and Suspension of Managed Distribution Policy

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In June, 92% of all closed-end funds (CEFs) posted net asset value (NAV)-based returns in the black, with average returns of 3.57% for equity CEFs and 1.63% for fixed income CEFs. The Natural Resources CEFs classification topped the equity leaderboard with a 6.29% return, while High Yield CEFs led the domestic taxable fixed income leaderboard with a 2.63% return. The median discount of all CEFs narrowed to 10.79% in June, with equity.

The Month In Closed-End Funds: June 2023

MIAMI BEACH, Fla., June 30, 2023 (GLOBE NEWSWIRE) -- The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) (the “Fund”) today announced that the Fund has made the following distribution pursuant to the Fund's Managed Distribution Plan (the “Plan”):

The Herzfeld Caribbean Basin Fund, Inc. Pays Quarterly Distribution

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Three out of 22 CEF sectors positive on price and 5 out of 22 sectors positive on NAV last week. Delaware/Abrdn mergers are closed.

Weekly Closed-End Fund Roundup: March 12, 2023

CUBA provides exposure to companies that benefit from developments in the Caribbeans. The CUBA fund has a history of volatile returns and high expenses.

CUBA Is A Fund I Would Skip

MIAMI BEACH, Fla., Nov. 14, 2022 (GLOBE NEWSWIRE) -- Thomas J. Herzfeld Advisors, Inc., an SEC-registered investment adviser, and The Herzfeld Caribbean Basin Fund, Inc. (Nasdaq: CUBA) (the “Fund”) today announced the final results of the Fund's offer to purchase up to 5% of outstanding shares of the Fund at 97.5% of NAV as of the close of ordinary trading on the NASDAQ Capital Market (the “NASDAQ”) on November 8, 2022, the expiration date.

The Herzfeld Caribbean Basin Fund, Inc. Tender Offer Results

MIAMI BEACH, Fla., Oct. 12, 2022 (GLOBE NEWSWIRE) -- Thomas J. Herzfeld Advisors, Inc., an SEC-registered investment advisor, today announced the commencement of a Tender Offer by The Herzfeld Caribbean Basin Fund, Inc. (Nasdaq: CUBA) (the “Fund”). Under the terms of the Tender Offer the Fund is offering to purchase up to 5% of outstanding shares of the Fund at 97.5% of NAV.

The Herzfeld Caribbean Basin Fund, Inc. Commences Tender Offer for up to 5% of Outstanding Common Shares

MIAMI BEACH, Fla., Oct. 03, 2022 (GLOBE NEWSWIRE) -- Thomas J. Herzfeld Advisors, Inc., an SEC-registered investment advisor, today announced its intention to commence a Tender Offer by The Herzfeld Caribbean Basin Fund, Inc. (Nasdaq: CUBA) (the “Fund”) on October 12, 2022, in accordance with the Fund's three-year plan to address the Fund's trading price discount to its net asset value (“NAV”) per share that was previously announced on May 31, 2019, and subsequently extended for an additional one-year period on May 12, 2022 (the “Plan”).

News for Herzfeld Caribbean Basin Fund Inc ETF (CUBA)