Form 4: Herzfeld Caribbean Basin Fund Director Acquires Shares Through Distribution

Thomas J. Herzfeld, a director of Herzfeld Caribbean Basin Fund Inc., acquired 72,500 shares of common stock through a quarterly distribution.

Summary

• Thomas J. Herzfeld, a director of Herzfeld Caribbean Basin Fund Inc. (CUBA), acquired 72,500 shares of common stock on July 15, 2024.
• The acquisition was part of a quarterly distribution where stockholders could elect to receive cash or shares.
• The distribution was $0.135375 per share to stockholders of record on June 3, 2024.
• The price per share used to calculate the number of shares issued in lieu of cash was $2.3329.
• Following the transaction, Herzfeld directly owns 1,590,111 shares of common stock.

Sentiment

Score: 6

Explanation: Neutral sentiment as it reflects a routine transaction. The director's participation in the distribution is a mildly positive signal.

Positives

• The director's participation in the stock distribution demonstrates confidence in the fund.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider activity.

Key Dates