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.
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
300% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 2
200% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 5
27% more funds holding
Funds holding: 22 [Q2] → 28 (+6) [Q3]
1.73% more ownership
Funds ownership: 35.59% [Q2] → 37.32% (+1.73%) [Q3]
0% more capital invested
Capital invested by funds: $12.7M [Q2] → $12.7M (+$23.6K) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for CUBA.
Financial journalist opinion
Based on 3 articles about CUBA published over the past 30 days
Neutral
GlobeNewsWire
2 days 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”).
Neutral
GlobeNewsWire
1 week ago
The Herzfeld Caribbean Basin Fund, Inc. Announces Retirement of Thomas J. Herzfeld from the Board of Directors and Named Chairman Emeritus; Names Cecilia Gondor Chairperson; Brigitta Herzfeld Named to the Board
MIAMI BEACH, Fla., Dec. 12, 2024 (GLOBE NEWSWIRE) -- The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) (the “Fund”) today announced that Thomas J. Herzfeld, Chairman of the Board of Directors has resigned from the Board as of December 31, 2024. Mr. Herzfeld has also resigned as Portfolio Manager for the Fund effective as of the same date. Mr. Herzfeld has held the position of Chairman since the Fund's launch in 1994. He will retain the position of Chairman Emeritus and participate in board meetings on a non-voting basis.
Neutral
Seeking Alpha
3 weeks ago
Herzfeld Caribbean Basin Fund Has A Timely Path To Trade At NAV Or Better
Herzfeld Caribbean Basin Fund is at a crossroads, with over 70% of shareholders seeking an exit from the current strategy. 31.2% NAV decline in 2023 Rights Offering was needed for shareholder voting opportunity. Herzfeld's distribution payment mechanism could enable the fund to trade at a premium, but disinterest in the theme undermines the potential.
Neutral
GlobeNewsWire
1 month ago
The Herzfeld Caribbean Basin Fund, Inc. Announces Final Tender Offer Results
MIAMI BEACH, Fla., Nov. 21, 2024 (GLOBE NEWSWIRE) -- Thomas J. Herzfeld Advisors, Inc., an SEC-registered investment adviser, and The Herzfeld Caribbean Basin Fund, Inc. (Nasdaq: CUBA) (the “Fund”) today announced the final results of the Fund's cash tender offer to purchase up to 5% of its outstanding common shares at 97.5% of the Fund's net asset value (“NAV”) as of the close of ordinary trading on the NASDAQ Capital Market (the “NASDAQ”) on November 15, 2024, the expiration date (the “Tender Offer”).
Neutral
GlobeNewsWire
1 month ago
The Herzfeld Caribbean Basin Fund, Inc. Announces Preliminary Tender Offer Results
MIAMI, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Thomas J. Herzfeld Advisors, Inc., an SEC-registered investment adviser, and The Herzfeld Caribbean Basin Fund, Inc. (Nasdaq: CUBA) (the “Fund”) today announced the preliminary results of the Fund's cash tender offer to purchase up to 5% of its outstanding common shares at 97.5% of the Fund's net asset value (“NAV”) as of the close of ordinary trading on the NASDAQ Capital Market (the “NASDAQ”) on November 15, 2024, the expiration date (the “Tender Offer”).
Neutral
GlobeNewsWire
2 months ago
The Herzfeld Caribbean Basin Fund, Inc. Commences Tender Offer for up to 5% of Outstanding Common Shares
MIAMI BEACH, Fla., Oct. 15, 2024 (GLOBE NEWSWIRE) -- Thomas J. Herzfeld Advisors, Inc., an SEC-registered investment advisor, today announced the commencement of a Tender Offer by The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) (the “Fund”). Under the terms of the Tender Offer the Fund is offering to purchase up to 5% of outstanding shares of the Fund at 97.5% of NAV.
Neutral
GlobeNewsWire
2 months ago
The Herzfeld Caribbean Basin Fund, Inc. to Conduct a Tender Offer for up to 5% of Outstanding Common Shares
MIAMI BEACH, Fla., Oct. 03, 2024 (GLOBE NEWSWIRE) -- Thomas J. Herzfeld Advisors, Inc., an SEC-registered investment advisor, today announced its intention to commence a Tender Offer by The Herzfeld Caribbean Basin Fund, Inc. (Nasdaq: CUBA) (the “Fund”) on October 14, 2024, in accordance with the Fund's ongoing plan to address the Fund's trading price discount to its net asset value (“NAV”) per share that was previously announced on May 31, 2019, and subsequently modified and extended to June 30, 2025 by the Fund's Board of Directors as announced in May 2024 (the “Plan”).
Neutral
GlobeNewsWire
5 months ago
The Herzfeld Caribbean Basin Fund, Inc. Pays Quarterly Distribution
MIAMI BEACH, Fla., July 15, 2024 (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
7 months ago
CORRECTION – The Herzfeld Caribbean Basin Fund, Inc. Announces Distribution in Stock and Cash
MIAMI BEACH, Fla., May 23, 2024 (GLOBE NEWSWIRE) -- In a release issued under the same headline earlier today by The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) (the “Fund”), please note that in the table under the "Distribution in Stock and Cash" section, the "Ex-Date" should be 06/03/2024 instead of 05/31/2024. The corrected release follows:
Neutral
GlobeNewsWire
7 months ago
The Herzfeld Caribbean Basin Fund, Inc. Announces Distribution in Stock and Cash
MIAMI BEACH, Fla., May 23, 2024 (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.
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