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., 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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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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The Month In Closed-End Funds: June 2023

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

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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”).

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

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MIAMI BEACH, Fla., May 19, 2022 (GLOBE NEWSWIRE) -- The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) (the “Fund”) today announced that the Board of Directors of the Fund has authorized the extension of the Fund's Managed Distribution Policy and Self-Tender Policy (together, the “Plan”) for an additional one year period. The Plan was originally adopted by the Fund in May, 2019 as part of a three-year plan intended to address the Fund's trading discount to its net asset value (“NAV”) per share.

The Herzfeld Caribbean Basin Fund, Inc. Extends its Managed Distribution Policy and Self-Tender Policy

MIAMI BEACH, Fla., May 13, 2022 (GLOBE NEWSWIRE) -- The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) (the “Fund”) today announced that the Fund has made changes to its managed distribution policy (the “Policy”) to pay its June 30, 2022 distribution using a combination of shares of common stock and cash as outlined below.

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

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CUBA Is Not A Closed-End Fund I Would Want To Own

MIAMI BEACH, Fla., Aug. 20, 2021 (GLOBE NEWSWIRE) -- The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) (the “Fund”) today announced that the Fund has made changes to its managed distribution policy (the “Policy”) to pay its September 30, 2021 distribution using a combination of shares of common stock and cash as outlined below and has modified the Self-Tender Policy to extend the date for commencement of the expected Self-Tender to no later than October 31, 2021.

The Herzfeld Caribbean Basin Fund, Inc. Quarterly Distribution in Stock and Cash; Modification to Self-Tender Policy

MIAMI BEACH, Fla., June 10, 2021 (GLOBE NEWSWIRE) -- The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) (the “Fund”) today announced its quarterly distribution pursuant to the Fund's managed distribution policy (the “Plan”).

The Herzfeld Caribbean Basin Fund, Inc. Announces Quarterly Distribution

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MIAMI BEACH, Fla., Jan. 29, 2021 (GLOBE NEWSWIRE) -- Thomas J. Herzfeld Advisors, Inc., an SEC-registered investment advisor, today updated its announcement of December 21, 2020 regarding an Interim Tender Offer by The Herzfeld Caribbean Basin Fund, Inc. (Nasdaq: CUBA) (the “Fund”). The Fund will commence the Interim Tender Offer on or about February 12, 2021, on terms previously announced. The Fund will offer to purchase up to 5% of outstanding shares of the Fund at 97.5% of NAV. The formal offer and specific date and detailed terms of the tender will be announced in the near future.

The Herzfeld Caribbean Basin Fund, Inc. Announcement Regarding Previously Announced Tender Offer

MIAMI BEACH, Fla., Dec. 21, 2020 (GLOBE NEWSWIRE) -- Thomas J. Herzfeld Advisors, Inc. (“TJHA”), an SEC-registered investment advisor, today announced that the Board of Directors (the “Board”) of The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) (the “Fund”) has lifted its suspension of the Fund's Self-Tender Policy (“Self- Tender Policy”) and in so doing reinstated fully 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 (the “Plan”). In addition, the Board has approved an interim tender offer for shares to take place in January 2021.

The Herzfeld Caribbean Basin Fund, Inc. Announces Lifting of Suspension to Self-Tender Policy; Interim January 2021 Tender Offer

MIAMI BEACH, Fla., Dec. 08, 2020 (GLOBE NEWSWIRE) -- The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) (the “Fund”) today announced its quarterly distribution pursuant to the Fund's managed distribution policy (the “MDP”) and reported the results of its 2020 Annual Meeting of Stockholders.

The Herzfeld Caribbean Basin Fund, Inc. Announces Quarterly Distribution and Results of 2020 Annual Stockholders Meeting

MIAMI BEACH, Fla., Sept.  09, 2020  (GLOBE NEWSWIRE) -- The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) (the “Fund”) today announced its quarterly distribution pursuant to the Fund’s managed distribution policy (the “MDP”).

UPDATE: The Herzfeld Caribbean Basin Fund, Inc. Announces Quarterly Distribution

MIAMI BEACH, Fla., June  05, 2020  (GLOBE NEWSWIRE) -- Thomas J. Herzfeld Advisors, Inc. (“TJHA”), an SEC registered investment advisor, today announced that the Board of Directors the (“Board”) of The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) (the “Fund”) has revised the Fund’s Managed Distribution Plan (the “Plan”) and suspended its Self-Tender Policy (“Self-Tender Policy”) announced on May 31, 2019.

The Herzfeld Caribbean Basin Fund, Inc. Announces Revisions to Managed Distribution Plan; Suspension of Self-Tender Policy

MIAMI BEACH, Fla., Dec.  31, 2019  (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.  03, 2019  (GLOBE NEWSWIRE) -- The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) (the “Fund”) today announced its quarterly distribution pursuant to the Fund’s managed distribution policy (the “MDP”) and reported the results of its 2019 Annual Meeting of Stockholders.

The Herzfeld Caribbean Basin Fund, Inc.  Affirms its 15% Managed Distribution Policy and Declares Quarterly Distribution of  $ 0.284625 Per Share; Reports Results of Stockholder Meeting

MIAMI BEACH, Fla., Sept.  12, 2019  (GLOBE NEWSWIRE) -- The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) (the “Fund”) today announced that the Fund has declared the following distribution pursuant to the Fund’s managed distribution plan (the “Plan”):

News for Herzfeld Caribbean Basin Fund Inc ETF (CUBA)