The Herzfeld Caribbean Basin Fund, Inc. Announces Preliminary 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, Nov. 18, 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 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 preliminary results for the Fund: Tender Offer AmountShares Properly TenderedPurchase Price of Properly Tendered Shares*Up to 5% or 827,416 shares11,696,106$3.2273 * Equal to 97.5% of the Fund’s NAV per share as of the close of ordinary trading on the NASDAQ on November 15, 2024 (the date the Tender Offer expired). Under the terms and conditions of the Fund’s Tender Offer, if the number of common shares properly tendered exceeds the number of common shares offer
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News
- The Herzfeld Caribbean Basin Fund, Inc. Announces Final Tender Offer ResultsGlobeNewswire
- The Herzfeld Caribbean Basin Fund, Inc. Commences Tender Offer for up to 5% of Outstanding Common SharesGlobeNewswire
- The Herzfeld Caribbean Basin Fund, Inc. to Conduct a Tender Offer for up to 5% of Outstanding Common SharesGlobeNewswire
CUBA
Sec Filings
- 11/21/24 - Form 4/A
- 11/21/24 - Form 4/A
- 11/21/24 - Form 4/A
- CUBA's page on the SEC website