CUBA
Herzfeld Caribbean Basin FundCUBA
CUBA
About: Herzfeld Caribbean Basin Fund Inc operates as a closed-end management investment company. The company's investment objective is to obtain long-term capital appreciation. The firm offers customized discretionary account management and fund management services to individual and institutional investors. The fund invests in equity and equity-linked securities of public and private companies, including United States-based companies, whose securities are traded principally on a stock exchange in a Caribbean Basin Country. The fund's revenue source is through the dividends it receives. Its investments are geographically allocated in the United States followed by Mexico, Puerto Rico, and other countries.
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Funds holding %
of 7,310 funds
–
Analysts bullish %
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
64% more capital invested
Capital invested by funds: $13.9M [Q4 2024] → $22.8M (+$8.92M) [Q1 2025]
25% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 4
16.56% more ownership
Funds ownership: 37.72% [Q4 2024] → 54.29% (+16.56%) [Q1 2025]
31% less funds holding
Funds holding: 26 [Q4 2024] → 18 (-8) [Q1 2025]
62% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 13
Research analyst outlook
We haven’t received any recent analyst ratings for CUBA.
Financial journalist opinion
Neutral
GlobeNewsWire
1 day ago
The Herzfeld Caribbean Basin Fund, Inc. Pays Distribution
MIAMI BEACH, Fla., June 30, 2025 (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 Policy (the “Policy”):
Neutral
GlobeNewsWire
1 week ago
The Herzfeld Caribbean Basin Fund, Inc. Announces Results of Special Meeting of Stockholders; Approval of Conversion of Fund to CLO Equity Strategy
MIAMI BEACH, FLA., June 18, 2025 (GLOBE NEWSWIRE) -- The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) (the “Fund”) today announced that the Fund's Stockholders have approved the Fund's conversion from its current investment strategy to focus on a “CLO Equity Strategy”. The approval was voted for at a Special Meeting of Stockholders held on June 17, 2025, with approximately 96% of the votes cast in favor of the changes.
Neutral
GlobeNewsWire
1 month ago
The Herzfeld Caribbean Basin Fund, Inc. Announces Distribution in Stock and Cash
MIAMI BEACH, Fla., May 09, 2025 (GLOBE NEWSWIRE) -- The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) (the “Fund”) today announced that the Fund will pay a distribution pursuant to the Fund's managed distribution policy (the “Policy”) using a combination of shares of common stock and cash.
Positive
Seeking Alpha
1 month ago
It's Raining CLO Equity CEFs And Why We Got Longer
The CLO Equity CEF sector has doubled in size over the past two years, driven by new entrants and favorable market conditions. Key catalysts include a benign default environment, tightening credit spreads, and the attractiveness of floating-rate assets amid a flat/inverted yield curve. CLO Equity funds benefit from embedded options like reinvestment and call options, which enhance returns during periods of market volatility.
Neutral
GlobeNewsWire
1 month ago
The Herzfeld Caribbean Basin Fund, Inc. Announces Special Meeting of Stockholders to be Held on June 17, 2025
MIAMI BEACH, Fla., May 07, 2025 (GLOBE NEWSWIRE) -- The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) (the “Fund”) today announced that the Fund has filed preliminary proxy materials (“Proxy Materials”) with the U.S. Securities and Exchange Commission in connection with a special meeting of stockholders to be held on June 17, 2025, for its stockholders to consider and vote on proposals necessary to approve the Fund's conversion from its current investment strategy and redirect the Fund to focus on a “CLO Equity Strategy”. With this change, the Fund's primary investment objective will change to a total return strategy with a secondary objective of generating high current income for stockholders. In accordance with the change in investment objective, the Fund will focus on investing in equity and junior debt tranches of collateralized loan obligations, or “CLOs”. CLOs are portfolios of collateralized loans consisting primarily of below investment grade U.S. senior secured loans with a large number of distinct underlying borrowers across various industry sectors.
Positive
Seeking Alpha
1 month ago
CEF Weekly Review: Bull Market In CLO Equity CEFs
We review the CEF market valuation and performance through the fourth week of April and highlight recent market action. CEFs experienced a strong week, with all sectors rallying and trimming losses to around 2% in April, double that of March. Herzfeld Advisors' CEF CUBA shifts to CLO Equity strategy, with a 1.25% fee and 10% incentive on a 9% hurdle.
Positive
Seeking Alpha
2 months ago
Weekly Closed-End Fund Roundup: CUBA Jumping On CLO Bandwagon (April 13, 2025)
10 out of 22 CEF sectors were positive on price and 5 out of 22 sectors were positive on NAV last week. Herzfeld Caribbean Basin Fund is jumping on the CLO bandwagon. CLM/CRF announces a rights offering.
Neutral
GlobeNewsWire
5 months ago
The Herzfeld Caribbean Basin Fund, Inc. Pays Distribution
MIAMI BEACH, Fla., Jan. 13, 2025 (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 Policy (the “Policy”):
Neutral
Seeking Alpha
5 months ago
Closed-End Funds: Screening For Potential Opportunites To Kick Off Q1 2025
The closed-end fund space saw a significant narrowing of discounts throughout 2024 as equity markets charged higher and now discounts remain tight heading into 2025. In particular, equity CEFs have seen significantly narrowed discounts along with taxable fixed-income, though municipal bond funds look relatively attractive after widening discounts in December. We are screening for funds with the deepest discounts and widest z-scores to find potential buys and funds that may be getting a bit pricey as sell candidates.
Neutral
GlobeNewsWire
6 months ago
The Herzfeld Caribbean Basin Fund, Inc. Announces Cash Distribution
MIAMI BEACH, Fla., Dec. 20, 2024 (GLOBE NEWSWIRE) -- The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) (the “Fund”) today announced that the Fund will pay a cash distribution pursuant to the Fund's managed distribution policy (the “Policy”).
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