Welcome to our dedicated page for Herzfeld Caribbean Basin news (Ticker: CUBA), a resource for investors and traders seeking the latest updates and insights on Herzfeld Caribbean Basin stock.
Herzfeld Caribbean Basin Fund Inc (CUBA) provides investors with a centralized hub for tracking corporate developments in this Caribbean-focused closed-end fund. This resource aggregates official press releases, regulatory filings, and market analyses related to the fund's equity investments and strategic initiatives.
Users gain immediate visibility into earnings announcements, portfolio adjustments, and management commentary. The page serves institutional and individual investors seeking to monitor the fund's performance in emerging Caribbean Basin markets, dividend distributions, and responses to regional economic trends.
Content spans quarterly results, shareholder communications, leadership changes, and operational updates. Bookmark this page for streamlined access to Herzfeld Caribbean Basin Fund's verified financial disclosures and position-specific developments within its diversified investment strategy.
The Herzfeld Caribbean Basin Fund (NASDAQ: CUBA) has announced a distribution combining shares of common stock and cash, per their managed distribution policy. Stockholders will receive $0.135375 per share, with 80% of the distribution in stock and 20% in cash. Key dates include the declaration date on May 23, 2024, ex-date on May 31, 2024, record date on June 3, 2024, and payment date on July 15, 2024. Stockholders must elect their preferred form of distribution by July 1, 2024, or default to receiving the distribution in stock. The Fund anticipates these distributions will likely include returns of capital, which may reduce the Fund's total assets and increase its expense ratio. The Policy has been extended through June 30, 2025, with potential adjustments by the Board. Capital gains as of May 15, 2024, stand at approximately $3.6 million.
The Herzfeld Caribbean Basin Fund (NASDAQ: CUBA) is celebrating its 30th year on NASDAQ, emphasizing Cuba's economic potential. The Fund extends its Managed Distribution Plan (MDP) and Self-Tender Policy to June 30, 2025. The MDP aims to provide a 15% annual distribution rate, allowing adjustments for regulatory compliance. Capital gains are about $3.6 million as of May 15, 2024. The Fund anticipates that distributions will likely include returns of capital, which could increase the expense ratio and necessitate untimely securities sales. The Self-Tender Policy will initiate a tender offer by October 31, 2024, if the average discount exceeds 10%, repurchasing up to 5% of shares at 97.5% of NAV. Additionally, HERZFELD/CUBA extends a management fee waiver, reducing fees by ten basis points, with further reductions for assets over $30 million.
The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) has announced a quarterly distribution under its Managed Distribution Plan. Stockholders received a distribution of $0.135375 per share on May 10, 2024, with 80% paid in shares and 20% in cash. The distribution totaled $437,354.93 in cash and 680,934 shares. The Fund aims to provide a consistent distribution each quarter, subject to market price fluctuations. Stockholders can receive distributions in cash, stock, or a combination of both.
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