Herzfeld Caribbean Basin Stock Price, News & Analysis

Thomas J. Herzfeld Advisors, Inc. announced an Interim Tender Offer by The Herzfeld Caribbean Basin Fund (NASDAQ: CUBA) to buy up to 5% of its outstanding shares at 97.5% of NAV. This offer, originally disclosed on December 21, 2020, and updated on January 29, 2021, allows shareholders to sell their shares for cash. The NAV will be determined on March 4, 2021. Shareholders are encouraged to review the Offer to Purchase and related documents available through the SEC and the Fund's website for essential information.

Thomas J. Herzfeld Advisors, Inc. announced an Interim Tender Offer for The Herzfeld Caribbean Basin Fund (CUBA), commencing on February 12, 2021. The Fund will buy back up to 5% of its outstanding shares at 97.5% of Net Asset Value (NAV). Detailed terms and specific dates will be disclosed in future press releases. The offer is not currently active, and shareholders will receive further notifications as mandated by the Securities Exchange Act. Investors are encouraged to review forthcoming documents for essential details.

The Herzfeld Caribbean Basin Fund (NASDAQ: CUBA) announced a distribution of $0.15525 per share under its managed distribution plan. This plan aims to offer stockholders a fixed minimum distribution rate of 15% annually, based on the Fund’s net asset value as of March 31, 2020, payable quarterly. As of November 30, 2020, the Fund reported zero net investment income and cumulative distributions of $0.3105 per share this fiscal year. Future distributions may include capital gains and return of capital, which might decrease total assets and affect the expense ratio.

The Board of Directors of The Herzfeld Caribbean Basin Fund (NASDAQ: CUBA) has lifted the suspension of its Self-Tender Policy and reinstated its three-year plan to mitigate the trading price discount to its net asset value (NAV). An interim tender offer is scheduled for January 2021, aiming to purchase 5% of outstanding shares at 97.5% of NAV. The decision follows improved market conditions influenced by vaccine availability and potential changes in U.S.-Cuba relations under the new administration. The Fund's Managed Distribution Policy and fee waiver remain in place.

The Herzfeld Caribbean Basin Fund (NASDAQ: CUBA) announced a quarterly distribution of $0.15525 per share, reflecting a 3.36% based on market price. This marks the fifth consecutive distribution under its Managed Distribution Policy (MDP), aimed at providing a 15% annual return based on net asset value. The distribution consists entirely of a return of capital. Additionally, shareholders re-elected Thomas J. Herzfeld as Director during the Fund's 2020 Annual Meeting. The MDP is subject to board discretion and may include returns of capital in future distributions.

The Herzfeld Caribbean Basin Fund (NASDAQ: CUBA) announced a quarterly distribution of $0.15525 per share, effective September 30, 2020. This distribution represents 4.05% of the market price and 3.06% of the net asset value (NAV) as of August 31, 2020. The Fund’s managed distribution policy (MDP) aims for a fixed minimum annual distribution of 15% of NAV. However, the Fund cautions that distributions may include returns of capital, which decrease total assets. The Fund's average annual total return over five years ending August 31, 2020, is -0.17%. The Board may alter the MDP at any time.

The Herzfeld Caribbean Basin Fund (NASDAQ: CUBA) announced a quarterly distribution of $0.15525 per share, reflecting 4.05% of the market price and 3.06% of the net asset value. This marks the fifth consecutive distribution under its managed distribution policy (MDP), which aims for a 15% annual distribution rate based on the Fund's net asset value. The current distribution is solely a return of capital, as there are no investment income or capital gains. Future distributions may involve similar returns, potentially impacting the Fund's total assets and expense ratio.

The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) announced its latest distribution of $0.15525 per share under its managed distribution plan, aimed at providing stockholders with a fixed minimum rate of 15% annually based on net asset value. The distribution includes a return of capital as the Fund has not generated net investment income or realized capital gains for the fiscal year. The cumulative fiscal year distributions represent 17.86% of the net asset value. The Fund's Board may amend the plan and its future distributions are subject to market conditions.

The Herzfeld Caribbean Basin Fund (NASDAQ: CUBA) announced a quarterly distribution of $0.15525 per share, as part of its Managed Distribution Policy (MDP). This distribution equates to 4.46% based on the market price and 3.75% on the net asset value as of March 31, 2020. The MDP aims to provide stockholders with consistent quarterly distributions, although future amounts may vary. The Fund's annualized distribution rate is approximately 15.64%. The MDP may involve returns of capital, which can impact total assets and expenses.