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) announced a cash and stock distribution of $0.173625 per share for stockholders, payable on March 31, 2023. Shareholders could choose to receive their distribution in cash (approximately 34.46%) or stock (about 65.54%), with 41.93% opting for stock. The total cash distributed reached $231,216.84, while 250,014 shares were issued. This managed distribution plan aims to provide a fixed rate of quarterly distributions, currently set at an annual rate of 15% of the Fund's net asset value as of June 30, 2022. The fund also noted that future distributions may include returns of capital, which could affect total assets.
The Herzfeld Caribbean Basin Fund (NASDAQ: CUBA) announced a quarterly distribution on February 3, 2023, with a payment of $0.173625 per share scheduled for March 31, 2023. Shareholders can choose to receive their distributions in cash or stock, with 80% expected to be in stock and a cash limit of 20%. The distribution includes return of capital, as the Fund anticipates future distributions to exceed investment income and capital gains. The policy aims for quarterly distributions equivalent to 15% of the Fund’s net asset value. The Fund's performance shows a 5-year annual total return of -0.27% and a distribution rate of 13.81% as of January 31, 2023.
The Herzfeld Caribbean Basin Fund (NASDAQ: CUBA) announced a cash distribution as part of its Managed Distribution Plan, declaring a payment of $0.173625 per share. This included $223,387.19 in cash and 225,705 shares distributed to shareholders. Stockholders could opt for cash or shares, with 46.22% choosing to receive shares. The Fund aims for a fixed annual distribution of 15% of its net asset value. However, the future of the distribution plan remains uncertain, and the Fund anticipates that distributions may include return of capital, potentially affecting total assets.
The Herzfeld Caribbean Basin Fund (NASDAQ: CUBA) has completed its tender offer, purchasing 338,382 shares at $4.9823 each, following a valid tender of 2,374,186.355 shares, exceeding the 5% share buyback limit. Due to high demand, shares will be acquired on a pro rata basis, resulting in a proration factor of 14.25%. This strategic move may affect the Fund's market valuation and investor sentiment towards its future performance in the Caribbean investment landscape.
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