The Herzfeld Caribbean Basin Fund, Inc. Announces Final Tender Offer Results
MIAMI BEACH, Fla., March 25, 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 10% 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 March 19, 2024, the expiration date (the “Tender Offer”).