Form 4: Director Gelety Increases Holdings in Herzfeld Caribbean Basin Fund Through Stock Distribution

John A. Gelety, a director of Herzfeld Caribbean Basin Fund Inc., acquired 323 shares of common stock through a quarterly distribution.

Summary

• On May 10, 2024, John A. Gelety, a director of Herzfeld Caribbean Basin Fund Inc., acquired 323 shares of common stock.
• The acquisition was part of a quarterly distribution where shareholders could elect to receive cash or shares.
• The distribution was $0.135375 per share to shareholders of record on March 27, 2024.
• The price per share used to calculate the number of shares issued in lieu of cash was $2.4067.
• Following the transaction, Gelety directly owns 6,082 shares of the company's common stock.

Sentiment

Score: 6

Explanation: Neutral sentiment as it reports a routine transaction (share acquisition via distribution) without any explicit positive or negative implications.

Positives

• Director's increased stake may signal confidence in the fund's prospects.

Future Outlook

No forward-looking statements are provided in this document.

Industry Context

This filing reflects routine transactions related to fund distributions, which are common for closed-end funds like Herzfeld Caribbean Basin Fund.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it reflects a director's increased investment in the fund.

Key Dates