The Herzfeld Caribbean Basin Fund, Inc. Announces Final Tender Offer Results
The Herzfeld Caribbean Basin Fund, Inc. - Closed End FUnd (CUBA)
US:NASDAQ Investor Relations:
herzfeld.com/cuba
Company Research
Source: GlobeNewswire
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”). The table below shows the final results for the Fund: Tender Offer AmountShares Properly TenderedShares to be PurchasedPro-Ration Factor*Purchase Price of Properly Tendered Shares**Number of Outstanding Common Shares after Giving Effect to Tender OfferUp to 5% or 827,416 shares11,685,770827,4167.08052%$3.227315,720,897 * The number of common shares to be purchased divided by the number of common shares properly tendered. The pro-ration factor is subject to rounding adjustment to avo
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News
- The Herzfeld Caribbean Basin Fund, Inc. Announces Cash DistributionGlobeNewswire
- 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 BoardGlobeNewswire
- Herzfeld Caribbean Basin Fund Has A Timely Path To Trade At NAV Or Better [Seeking Alpha]Seeking Alpha
- The Herzfeld Caribbean Basin Fund, Inc. Announces Preliminary Tender Offer ResultsGlobeNewswire
- The Herzfeld Caribbean Basin Fund, Inc. Commences Tender Offer for up to 5% of Outstanding Common SharesGlobeNewswire
CUBA
Sec Filings
- 11/27/24 - Form NPORT-P
- 11/25/24 - Form SCHEDULE
- 11/21/24 - Form 4/A
- CUBA's page on the SEC website