CUBA

Herzfeld Caribbean Basin Fund
CUBA
Market cap $38.4M

2.32 USD

+0.02

0.87%

At close Oct 11, 4:00 PM EDT

1 day

0.87%

5 days

2.65%

1 month

4.04%

3 months

-2.52%

6 months

-2.11%

Year to date

-3.33%

1 year

-19.72%

5 years

-53.32%

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 6,740 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

117% more repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 6

3.89% more ownership

Funds ownership: 31.67% [Q1] → 35.56% (+3.89%) [Q2]

0% more funds holding

Funds holding: 22 [Q1] → 22 (+0) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]

0% more first-time investments, than exits

New positions opened: 3 | Existing positions closed: 3

8% less capital invested

Capital invested by funds: $13.8M [Q1] → $12.6M (-$1.14M) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for CUBA.

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Financial journalist opinion

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”).

The Herzfeld Caribbean Basin Fund, Inc. to Conduct a Tender Offer for up to 5% of Outstanding Common Shares

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”):

The Herzfeld Caribbean Basin Fund, Inc. Pays Quarterly Distribution

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:

CORRECTION – The Herzfeld Caribbean Basin Fund, Inc. Announces Distribution in Stock and Cash

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.

The Herzfeld Caribbean Basin Fund, Inc. Announces Distribution in Stock and Cash

The Herzfeld Caribbean Basin Fund, Inc. Celebrates 30th Anniversary of Listing on NASDAQ and Extends Managed Distribution Policy, Self-Tender Policy and Management Fee Waiver

MIAMI BEACH, FLA., May 20, 2024 (GLOBE NEWSWIRE) -- The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) (the “Fund”) is pleased to announce that May 20, 2024 marks 30 years since the Fund's common stock commenced trading on the NASDAQ Capital Market. The original date of May 20th was selected to honor Cuban Independence Day and to emphasize the importance of Cuba to the economic future of the Caribbean Basin. The Fund was launched through a continuous offering which began in 1993 and closed in the first quarter of 1994. Trading was then delayed until May 20, 1994.

The Herzfeld Caribbean Basin Fund, Inc. Celebrates 30th Anniversary of Listing on NASDAQ and Extends Managed Distribution Policy, Self-Tender Policy and Management Fee Waiver

The Herzfeld Caribbean Basin Fund, Inc. Pays Quarterly Distribution

MIAMI BEACH, Fla., May 10, 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 Plan (the “Plan”):

The Herzfeld Caribbean Basin Fund, Inc. Pays Quarterly Distribution

The Herzfeld Caribbean Basin Fund, Inc. Announces Final Tender Offer Results

MIAMI BEACH, Fla., March 25, 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 10% 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 March 19, 2024, the expiration date (the “Tender Offer”).

The Herzfeld Caribbean Basin Fund, Inc. Announces Final Tender Offer Results

The Herzfeld Caribbean Basin Fund, Inc. ANNOUNCES PRELIMINARY TENDER OFFER RESULTS

MIAMI BEACH, Fla., March 20, 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 10% 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 March 19, 2024, the expiration date (the “Tender Offer”).

The Herzfeld Caribbean Basin Fund, Inc. ANNOUNCES PRELIMINARY TENDER OFFER RESULTS

Herzfeld Caribbean Basin Fund: My Highest Conviction Idea

Herzfeld Fund's composite Portfolio poised to benefit both from Tourism and Near-Shoring of US Supply chains from China into the Caribbean region. While "CUBA" is the ticker symbol, 0% of composite portfolio valuation's securities are domiciled in Cuba. Portfolio companies do not depend on, but would benefit exponentially from, any lessening of decades old US Cuba embargo.

Herzfeld Caribbean Basin Fund: My Highest Conviction Idea

The Herzfeld Caribbean Basin Fund, Inc. Commences Tender Offer for up to 10% of Outstanding Common Shares

MIAMI BEACH, Fla., Feb. 20, 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 10% of outstanding shares of the Fund at 97.5% of NAV.

The Herzfeld Caribbean Basin Fund, Inc. Commences Tender Offer for up to 10% of Outstanding Common Shares

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