Welcome to our dedicated page for Herzfeld Caribbean Basin news (Ticker: CUBA), a resource for investors and traders seeking the latest updates and insights on Herzfeld Caribbean Basin stock.
Herzfeld Caribbean Basin Fund Inc. (CUBA) operates as a closed-end management investment company, offering a unique investment focus on the Caribbean Basin region. The fund’s primary objective is to achieve long-term capital appreciation through a diversified portfolio of equity and equity-linked securities. These investments span public and private companies, with a geographic allocation that includes the United States, Mexico, Puerto Rico, and other countries within the Caribbean Basin. By concentrating on this region, the fund provides investors with exposure to a blend of developed and emerging markets, leveraging the economic dynamics of the Caribbean Basin, which is characterized by industries such as tourism, trade, and natural resources.
Herzfeld Caribbean Basin Fund generates revenue primarily through the dividends it receives from its investments. This revenue model underscores its focus on income-generating securities, which aligns with its objective of delivering long-term value to investors. The fund's closed-end structure means its shares trade on the open market, often at a discount or premium to its net asset value (NAV). This structure offers liquidity to investors while maintaining a stable pool of capital for the fund’s investment activities.
The fund’s investment strategy emphasizes a targeted approach to the Caribbean Basin, selecting securities that are traded principally on stock exchanges within the region. This geographic specialization allows Herzfeld Caribbean Basin Fund to capitalize on growth opportunities arising from the region’s economic development. The fund caters to both individual and institutional investors, offering customized discretionary account management and fund management services. Its operations are managed by Thomas J. Herzfeld Advisors, Inc., a firm with expertise in the region and a focus on delivering tailored investment solutions.
As a niche player in the investment fund industry, Herzfeld Caribbean Basin Fund faces unique challenges and opportunities. Geopolitical risks, currency fluctuations, and regional market volatility are inherent to its focus area. However, its specialized knowledge and targeted investment strategy provide a competitive advantage in navigating these complexities. The fund’s ability to deliver value lies in its deep understanding of the economic and market dynamics of the Caribbean Basin, coupled with its disciplined approach to portfolio management.
In summary, Herzfeld Caribbean Basin Fund Inc. offers a distinctive investment proposition for those seeking exposure to the Caribbean Basin’s growth potential. Its focus on equity and equity-linked securities, combined with its closed-end structure and dividend-driven revenue model, positions it as a specialized vehicle for long-term capital appreciation. By leveraging its expertise in the region, the fund provides investors with a unique opportunity to access a diverse and dynamic market segment.
The Herzfeld Caribbean Basin Fund, NASDAQ: CUBA, announced a distribution of $0.15525 per share as part of its managed distribution plan on June 30, 2021. This quarterly payment aligns with an annual rate of 15% based on the Fund's net asset value from March 31, 2020. The Fund intends to distribute all available investment income, but warns that it may also return capital to maintain distribution levels if investment income is insufficient. Distributions are subject to change based on the Board's discretion and may affect the Fund's market price.
On June 10, 2021, Herzfeld Caribbean Basin Fund announced a quarterly distribution of $0.15525 per share, reflecting a 2.43% distribution based on market price. This marks the sixth consecutive quarterly distribution under the managed distribution policy, which is set at an annual rate of 15% of the Fund’s net asset value. The Fund's distribution sources indicate a return of capital for the period, with no net investment income or realized capital gains reported. Investors should note that distributions do not guarantee investment performance and are subject to change based on available income.
The Herzfeld Caribbean Basin Fund (NASDAQ: CUBA) announced a distribution of $0.15525 per share as part of its managed distribution plan, emphasizing a 15% annual distribution rate based on net asset value as of March 31, 2020. The distribution will be paid on March 31, 2021, with key dates including a declaration on March 8, 2021, and an ex-date of March 17, 2021. The fund expects future distributions may exceed investment income, likely including returns of capital. No investment performance conclusions should be drawn from the distribution amounts.
The Herzfeld Caribbean Basin Fund (CUBA) announced its quarterly distribution of $0.15525 per share under its managed distribution policy. This marks the sixth consecutive quarterly distribution, reflecting a rate of 2.63% based on the market price and 2.24% based on the net asset value as of February 26, 2021. The ongoing managed distribution policy aims for a stable return to shareholders, set at an annual rate of 15% of the Fund’s net asset value. The Fund anticipates that distributions may include returns of capital, which could affect total assets and expense ratios.
The Herzfeld Caribbean Basin Fund (NASDAQ: CUBA) has concluded its tender offer to purchase up to 5% of its outstanding shares at 97.5% of NAV as of March 4, 2021. A total of 2,460,234.322 common shares were validly tendered, surpassing the 5% offer. Shares will be purchased on a pro rata basis, with a proration factor of 12.4656%. The Fund accepted 306,683 common shares at a price of $6.7958 per share, with payments to be processed promptly for the accepted shares.
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.
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