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. - Closed End FUnd (CUBA)
US:NASDAQ Investor Relations:
herzfeld.com/cuba
Company Research
Source: GlobeNewswire
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”). Under the modified Self-Tender Policy component of the Plan, the Fund has undertaken to commence a tender offer by October 31, 2024 for up to 5% of the Fund’s outstanding shares at 97.5% of NAV if the average discount was greater than 10% for the fiscal year just ended. The formal offer and detailed terms of the tender offer will be announced in the coming days. Tender Offer Statement The above statements are n
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CUBA
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 Final Tender Offer ResultsGlobeNewswire
- The Herzfeld Caribbean Basin Fund, Inc. Announces Preliminary Tender Offer ResultsGlobeNewswire
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