The Herzfeld Caribbean Basin Fund Inc. is a closed-ended equity mutual fund launched by Thomas J. Herzfeld Advisors, Inc. The fund is managed by Herzfeld/Cuba. It invests in the public equity markets of the United States. The fund employing fundamental analysis investing in stocks of companies that are likely to benefit from economic, political, structural and technological developments in the countries in the Caribbean Basin, which consist of Cuba, Jamaica, Trinidad and Tobago, the Bahamas, the Dominican Republic, Barbados, Aruba, Haiti, the Netherlands Antilles, the Commonwealth of Puerto Rico, Mexico, Honduras, Guatemala, Belize, Costa Rica, Panama, Colombia and Venezuela. It invests in stocks of companies operating across diversified sectors. The Herzfeld Caribbean Basin Fund Inc. was formed on March 10, 1992 and is domiciled in the United States.
IPO Year:
Exchange: NASDAQ
Website: herzfeld.com/cuba.htm#!cuba/cs3d
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MIAMI BEACH, Fla., May 09, 2025 (GLOBE NEWSWIRE) -- The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ:CUBA) (the "Fund") today announced that the Fund will pay a distribution pursuant to the Fund's managed distribution policy (the "Policy") using a combination of shares of common stock and cash. Distribution in Stock and Cash: The Fund has announced a distribution to be paid as follows: Declaration DateEx-DateRecord DatePayment DatePer Share05/09/202505/23/202505/23/202506/30/2025$0.2325 The distribution for stockholders will be paid in cash or shares of our common stock at the election of stockholders. The total amount of cash distributed to all stockholders will be limited to 20% of
MIAMI BEACH, Fla., May 07, 2025 (GLOBE NEWSWIRE) -- The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ:CUBA) (the "Fund") today announced that the Fund has filed preliminary proxy materials ("Proxy Materials") with the U.S. Securities and Exchange Commission in connection with a special meeting of stockholders to be held on June 17, 2025, for its stockholders to consider and vote on proposals necessary to approve the Fund's conversion from its current investment strategy and redirect the Fund to focus on a "CLO Equity Strategy". With this change, the Fund's primary investment objective will change to a total return strategy with a secondary objective of generating high current income for stoc
MIAMI BEACH, Fla., March 04, 2025 (GLOBE NEWSWIRE) -- The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ:CUBA) (the "Fund") today announced that the Fund's Board of Directors ("Board") has approved a change in the Fund's investment strategy. Subject to necessary regulatory filings and the requisite approval of the Fund's shareholders, the Fund will modify its current investment strategy and redirect the Fund to focus on a "CLO Equity Strategy". With this change, the Fund's primary investment objective will change to a total return strategy with a secondary objective of generating high current income for shareholders. In accordance with that change in investment objective, the Fund will focus
MIAMI BEACH, Fla., Jan. 13, 2025 (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 Policy (the "Policy"): Declaration DateEx-DateRecord DatePayment DatePer Share12/20/202412/31/202412/31/202401/13/2025$0.2325 The distribution for stockholders has been paid in all cash. The primary purpose of the Policy is to provide stockholders with a constant, but not guaranteed, fixed minimum rate of distribution (currently set at the annual rate of 15% of the Fund's net asset value as determined on June 30, 2024). The Board recently amended the Policy to ma
MIAMI BEACH, Fla., Dec. 20, 2024 (GLOBE NEWSWIRE) -- The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ:CUBA) (the "Fund") today announced that the Fund will pay a cash distribution pursuant to the Fund's managed distribution policy (the "Policy"). Distribution in Cash: The Fund has announced a distribution to be paid as follows: Declaration DateEx-DateRecord DatePayment DatePer Share12/20/2412/31/202412/31/202401/13/2025$0.2325 The distribution for stockholders will be paid in all cash. The $0.2325 per share amount announced today reflects a distribution of 9.69% based upon the market price per share of the Fund and 7.22% bas
MIAMI BEACH, Fla., Dec. 12, 2024 (GLOBE NEWSWIRE) -- The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ:CUBA) (the "Fund") today announced that Thomas J. Herzfeld, Chairman of the Board of Directors has resigned from the Board as of December 31, 2024. Mr. Herzfeld has also resigned as Portfolio Manager for the Fund effective as of the same date. Mr. Herzfeld has held the position of Chairman since the Fund's launch in 1994. He will retain the position of Chairman Emeritus and participate in board meetings on a non-voting basis. The Board has elected Cecilia Gondor to serve as Chairperson effective December 31, 2024. Ms. Gondor has served on the Board of Directors since 2014. She also serve
MIAMI BEACH, Fla., Nov. 21, 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 5% 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 November 15, 2024, the expiration date (the "Tender Offer"). The table below shows the final results for the Fund: Tender Offer AmountShares Properly TenderedShares to be PurchasedPro-Ration Factor*Purchase Price of Properly Tendered Shares**Number o
MIAMI, Nov. 18, 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 5% 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 November 15, 2024, the expiration date (the "Tender Offer"). The table below shows the preliminary results for the Fund: Tender Offer AmountShares Properly TenderedPurchase Price of Properly Tendered Shares*Up to 5% or 827,416 shares11,696,106$3.2273 * Equ
MIAMI BEACH, Fla., Oct. 15, 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 5% of outstanding shares of the Fund at 97.5% of NAV. The Fund announced the Tender Offer in a press release on October 3, 2024. The Fund has offered to purchase up to 5% of the currently outstanding common shares of the Fund, par value $0.001 per share (the "Common Shares") at 97.5% of Net Asset Value ("NAV") per Common Share (determined as of the close of ordinary trad
MIAMI BEACH, Fla., Oct. 03, 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 October 14, 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 modified and extended to June 30, 2025 by the Fund's Board of Directors as announced in May 2024 (the "Plan"). Under the modified Self-Tender Policy component of the Plan, the Fund has undertaken to commence a tender offer by Octo
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MIAMI BEACH, Fla., Dec. 12, 2024 (GLOBE NEWSWIRE) -- The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ:CUBA) (the "Fund") today announced that Thomas J. Herzfeld, Chairman of the Board of Directors has resigned from the Board as of December 31, 2024. Mr. Herzfeld has also resigned as Portfolio Manager for the Fund effective as of the same date. Mr. Herzfeld has held the position of Chairman since the Fund's launch in 1994. He will retain the position of Chairman Emeritus and participate in board meetings on a non-voting basis. The Board has elected Cecilia Gondor to serve as Chairperson effective December 31, 2024. Ms. Gondor has served on the Board of Directors since 2014. She also serve
MIAMI BEACH, Fla., Dec. 31, 2020 (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”): Declaration DateEx-DateRecord DatePayment DatePer Share12/08/202012/17/202012/18/202012/31/2020$0.15525 The primary purpose of the Plan is to provide stockholders with a constant, but not guaranteed, fixed minimum rate of distribution each quarter (currently set at the annual rate of 15% of the Fund’s net asset value as determined on March 31, 2020 and payable in quarterly installments). The Fund cannot predict what effect, if any, the Pl
MIAMI BEACH, Fla., May 09, 2025 (GLOBE NEWSWIRE) -- The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ:CUBA) (the "Fund") today announced that the Fund will pay a distribution pursuant to the Fund's managed distribution policy (the "Policy") using a combination of shares of common stock and cash. Distribution in Stock and Cash: The Fund has announced a distribution to be paid as follows: Declaration DateEx-DateRecord DatePayment DatePer Share05/09/202505/23/202505/23/202506/30/2025$0.2325 The distribution for stockholders will be paid in cash or shares of our common stock at the election of stockholders. The total amount of cash distributed to all stockholders will be limited to 20% of
MIAMI BEACH, Fla., Jan. 13, 2025 (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 Policy (the "Policy"): Declaration DateEx-DateRecord DatePayment DatePer Share12/20/202412/31/202412/31/202401/13/2025$0.2325 The distribution for stockholders has been paid in all cash. The primary purpose of the Policy is to provide stockholders with a constant, but not guaranteed, fixed minimum rate of distribution (currently set at the annual rate of 15% of the Fund's net asset value as determined on June 30, 2024). The Board recently amended the Policy to ma
MIAMI BEACH, Fla., Dec. 20, 2024 (GLOBE NEWSWIRE) -- The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ:CUBA) (the "Fund") today announced that the Fund will pay a cash distribution pursuant to the Fund's managed distribution policy (the "Policy"). Distribution in Cash: The Fund has announced a distribution to be paid as follows: Declaration DateEx-DateRecord DatePayment DatePer Share12/20/2412/31/202412/31/202401/13/2025$0.2325 The distribution for stockholders will be paid in all cash. The $0.2325 per share amount announced today reflects a distribution of 9.69% based upon the market price per share of the Fund and 7.22% bas
MIAMI BEACH, Fla., July 15, 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 Policy (the "Policy"): Declaration DateEx-DateRecord DatePayment DatePer Share05/23/202406/03/202406/03/202407/15/2024$0.135375 The distribution for stockholders has been paid in cash or shares of the Fund's common stock at the election of stockholders. The total amount of cash distributed to all stockholders was limited to 20% of the total distribution to be paid, excluding any cash paid for fractional shares. The remainder of the distribution (approximately 80%)
MIAMI BEACH, Fla., May 23, 2024 (GLOBE NEWSWIRE) -- The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ:CUBA) (the "Fund") today announced that the Fund will pay a distribution pursuant to the Fund's managed distribution policy (the "Policy") using a combination of shares of common stock and cash. Distribution in Stock and Cash: The Fund has announced a distribution to be paid as follows: Declaration DateEx-DateRecord DatePayment DatePer Share05/23/202405/31/202406/03/202407/15/2024$0.135375 The distribution for stockholders will be paid in cash or shares of our common stock at the election of stockholders. The total amount of cash distributed to all stockholders will be limited to 20%
MIAMI BEACH, Fla., May 10, 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"): Declaration DateEx-DateRecord DatePayment DatePer Share02/12/202403/26/202403/27/202405/10/2024$0.135375 The distribution for stockholders has been paid in cash or shares of the Fund's common stock at the election of stockholders. The total amount of cash distributed to all stockholders was limited to 20% of the total distribution to be paid, excluding any cash paid for fractional shares. The remainder of the distribution (approximately 80%) was
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. Quarterly Distribution in Stock and Cash: The Fund has announced a quarterly distribution to be paid as follows: Declaration DateEx-DateRecord DatePayment DatePer Share02/12/202403/26/202403/27/202405/10/2024$0.135375 The distribution for stockholders will be paid in cash or shares of our common stock at the election of stockholders. The total amount of cash distributed
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"): Declaration DateEx-DateRecord DatePayment DatePer Share12/19/202312/28/202312/29/202301/31/2024$0.135375 The distribution for stockholders has been paid in cash or shares of the Fund's common stock at the election of stockholders. The total amount of cash distributed to all stockholders was limited to 20% of the total distribution to be paid, excluding any cash paid for fractional shares. The remainder of the distribution (app
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. Quarterly Distribution in Stock and Cash: The Fund has announced a quarterly distribution to be paid as follows: Declaration DateEx-DateRecord DatePayment DatePer Share12/19/202312/28/202312/29/202301/31/2024$0.135375 The distribution for stockholders will be paid in cash or shares of our common stock at the election of st
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"): Declaration DateEx-DateRecord DatePayment DatePer Share05/12/202305/19/202305/22/202306/30/2023$0.173625 The distribution for stockholders has been paid in cash or shares of the Fund's common stock at the election of stockholders. The total amount of cash distributed to all stockholders was limited to 20% of the total distribution to be paid, excluding any cash paid for fractional shares. The remainder of the distribution (approximately 80%) was
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