Herzfeld Caribbean Basin Fund Inc. filed SEC Form 8-K: Other Events, Financial Statements and Exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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CURRENT REPORT
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SECTION 8 - OTHER EVENTS
Item 8.01 Other Events.
On May 7, 2025, The Herzfeld Caribbean Basin Fund, Inc. (the “Fund”) announced the that it has filed preliminary proxy materials with the U.S. Securities and Exchange Commission for a special meeting of stockholders to be held on June 17, 2025 for which stockholders of record on May 5, 2025 are entitled to notice and to vote at such special meeting. At the special meeting, stockholders will be asked to consider approval of (i) an amended and restated investment advisory agreement between the Fund and Thomas J. Herzfeld Advisors, Inc. (the “Adviser”) to permit the Adviser to receive a fee based on “managed assets” and an incentive fee; (ii) revisions to the Fund’s investment objective from obtaining “long term capital appreciation” to a primary objective of “maximizing risk adjusted total returns” with a secondary objective of “generating high current income;” and to reclassify the Fund’s investment objective as non-fundamental; and (iii) amended the fundamental policies of the Fund related to borrowing, the issuance of senior securities, underwriting securities issued by other persons, industry concentration, the purchase or sale of real estate, the purchase or sale of commodities, and making loans to other persons. A copy of the press release issued by the Fund dated May 7, 2025 is attached hereto as Exhibit 99.1
SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS
Item 9.01 Financial Statements and Exhibits
| (d) | Exhibit 99.1 Press release dated May 7, 2025 announcing filing of preliminary proxy materials and special meeting of stockholders to be held on June 17, 2025. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.
| HERZFELD CARIBBEAN BASIN FUND, INC. | ||
| Date: May 7, 2025 | /s/ Thomas Morgan | |
| Thomas Morgan | ||
| Chief Compliance Officer |
EXHIBIT INDEX
| Exhibit Number | Exhibit Description |
| 99.1 | Press release dated May 7, 2025 announcing filing of preliminary proxy materials and special meeting of stockholders to be held on June 17, 2025. |