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Herzfeld Caribbean Basin Fund Inc - CUBA STOCK NEWS

Welcome to our dedicated news page for Herzfeld Caribbean Basin Fund (Ticker: CUBA), a resource for investors and traders seeking the latest updates and insights on Herzfeld Caribbean Basin Fund.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Herzfeld Caribbean Basin Fund's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Herzfeld Caribbean Basin Fund's position in the market.

News
The Herzfeld Caribbean Basin Fund, Inc. Announces Final Tender Offer Results
Rhea-AI Summary
Thomas J. Herzfeld Advisors, Inc. and The Herzfeld Caribbean Basin Fund, Inc. 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. The Fund will purchase 13.615645% of the common shares properly tendered.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.04%
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News
The Herzfeld Caribbean Basin Fund, Inc. ANNOUNCES PRELIMINARY TENDER OFFER RESULTS
Rhea-AI Summary
Thomas J. Herzfeld Advisors, Inc. and The Herzfeld Caribbean Basin Fund, Inc. 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 NAV. The Fund expects to purchase a pro-rata allocation of the common shares properly tendered.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.69%
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none
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News
The Herzfeld Caribbean Basin Fund, Inc. Commences Tender Offer for up to 10% of Outstanding Common Shares
Rhea-AI Summary
Thomas J. Herzfeld Advisors, Inc. initiates a Tender Offer for The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA), offering to buy up to 10% of outstanding shares at 97.5% of NAV. Shareholders are advised to review the Offer to Purchase and related documents for critical details.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.95%
Tags
none
News
The Herzfeld Caribbean Basin Fund, Inc. Announces Quarterly Distribution in Stock and Cash
Rhea-AI Summary
The Herzfeld Caribbean Basin Fund, Inc. (CUBA) announces a quarterly distribution policy involving a mix of cash and stock to strengthen balance sheet and capitalize on future investments. The distribution will be paid in cash or shares, with cash limited to 20% and the rest in stock. The distribution will likely include returns of capital, not reflecting investment performance. The Fund aims to provide a fixed minimum rate of distribution each quarter, subject to change at the Board's discretion. The Policy may impact market price, and the Board can amend or terminate it at any time.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.88%
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none
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News
The Herzfeld Caribbean Basin Fund, Inc. To Conduct a Tender Offer for up to 10% of Outstanding Common Shares
Rhea-AI Summary
Thomas J. Herzfeld Advisors, Inc. announces a Tender Offer by The Herzfeld Caribbean Basin Fund, Inc. (CUBA) to address trading price discount to NAV. The offer will commence on February 20, 2024, for up to 10% of outstanding shares at 97.5% of NAV.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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News
The Herzfeld Caribbean Basin Fund, Inc. Pays Quarterly Distribution
Rhea-AI Summary
The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) announced a distribution of $0.135375 per share, with 20% paid in cash and 80% in shares. The distribution was dependent on stockholders' election and other stockholders' choices. The total distribution was $437,354.93 in cash and 664,103 shares. Stockholders who elected to receive the distribution in shares will get 0.0514 shares for each share owned. The Plan aims to provide a fixed minimum rate of distribution each quarter and may include returns of capital for the foreseeable future.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.48%
Tags
none
News
The Herzfeld Caribbean Basin Fund, Inc. Quarterly Distribution in Stock and Cash
Rhea-AI Summary
The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) announced a quarterly distribution to be paid using a combination of shares of common stock and cash, with a cash distribution limited to 20% of the total. The distribution for stockholders will be paid in cash or shares of common stock based on their election. The Fund expects distributions to include returns of capital and may have to sell portfolio securities at less than opportune times to maintain distribution levels.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.2%
Tags
none
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News
The Herzfeld Caribbean Basin Fund, Inc. Announces Final Results of Rights Offering
Rhea-AI Summary
Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) announced the final results of its non-transferable rights offering, issuing 9,000,000 new shares of common stock at a final subscription price of $2.31 per share, resulting in expected gross proceeds of approximately $20.8 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.06%
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none
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News
The Herzfeld Caribbean Basin Fund, Inc. Announces Preliminary Results of Rights Offering
Rhea-AI Summary
The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) announced the results of its non-transferable rights offering, receiving subscription requests for 14,371,838 shares of common stock. The final subscription price per share was $2.35, with oversubscription requests exceeding the primary subscription shares available.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.13%
Tags
none
News
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
Rhea-AI Summary
The Herzfeld Caribbean Basin Fund, Inc. (CUBA) announced an extension of the expiration date for the non-transferable rights offering, reinstatement of quarterly distributions, a revision to the self-tender policy, an extension of the investment advisor’s management fee waiver, and the results of the 2023 Annual Meeting of Stockholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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Herzfeld Caribbean Basin Fund Inc

Nasdaq:CUBA

CUBA Rankings

#4893 Ranked by Market Cap
#3735 Ranked by Stock Gains
N/A Ranked by Dividends

CUBA Stock Data

36.92M
11.68%
38.71%
0.17%
Securities and Commodity Exchanges
Finance and Insurance
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