CUBA

Herzfeld Caribbean Basin Fund

2.62 USD
+0.04
1.55%
At close May 14, 4:00 PM EDT
1 day
1.55%
5 days
4.80%
1 month
7.82%
3 months
7.82%
6 months
3.97%
Year to date
11.49%
1 year
12.45%
5 years
0.77%
10 years
-66.50%
 

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 7,425 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

0% more capital invested

Capital invested by funds: $13.8M [Q3] → $13.9M (+$34.2K) [Q4]

2.88% less ownership

Funds ownership: 40.6% [Q3] → 37.72% (-2.88%) [Q4]

10% less funds holding

Funds holding: 29 [Q3] → 26 (-3) [Q4]

60% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 5

67% less repeat investments, than reductions

Existing positions increased: 5 | Existing positions reduced: 15

100% less funds holding in top 10

Funds holding in top 10: 1 [Q3] → 0 (-1) [Q4]

Research analyst outlook

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

Financial journalist opinion

Based on 5 articles about CUBA published over the past 30 days

Neutral
GlobeNewsWire
5 days 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.
The Herzfeld Caribbean Basin Fund, Inc. Announces Distribution in Stock and Cash
Positive
Seeking Alpha
6 days 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.
It's Raining CLO Equity CEFs And Why We Got Longer
Neutral
GlobeNewsWire
1 week 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.
The Herzfeld Caribbean Basin Fund, Inc. Announces Special Meeting of Stockholders to be Held on June 17, 2025
Positive
Seeking Alpha
1 week 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.
CEF Weekly Review: Bull Market In CLO Equity CEFs
Positive
Seeking Alpha
3 weeks 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.
Weekly Closed-End Fund Roundup: CUBA Jumping On CLO Bandwagon (April 13, 2025)
Neutral
GlobeNewsWire
3 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”):
The Herzfeld Caribbean Basin Fund, Inc. Pays Distribution
Neutral
Seeking Alpha
3 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.
Closed-End Funds: Screening For Potential Opportunites To Kick Off Q1 2025
Neutral
GlobeNewsWire
4 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”).
The Herzfeld Caribbean Basin Fund, Inc. Announces Cash Distribution
Neutral
GlobeNewsWire
5 months 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.
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
Neutral
Seeking Alpha
5 months 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.
Herzfeld Caribbean Basin Fund Has A Timely Path To Trade At NAV Or Better
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