Form 4: Herzfeld Caribbean Basin Fund Director Kay Tatum Increases Stake Through Stock Distribution

Herzfeld Caribbean Basin Fund Director Kay W. Tatum acquired 282 shares of common stock on June 30, 2025, as part of a dividend distribution, increasing her total beneficial ownership to 5,309 shares.

Summary

• Kay W. Tatum, a Director of Herzfeld Caribbean Basin Fund Inc. (CUBA), reported an acquisition of common stock.
• The transaction occurred on June 30, 2025, where Ms. Tatum acquired 282 shares of common stock.
• The shares were acquired at a price of $2.4618 per share.
• Following this transaction, Ms. Tatum's total beneficial ownership of the Fund's common stock increased to 5,309 shares.
• The acquisition was part of the June 2025 Distribution, where the Fund paid $0.2325 per share to stockholders of record on May 23, 2025.
• The distribution was payable in cash or shares of common stock, with the total cash portion limited to 20% of the total distribution, excluding cash for fractional shares.

Sentiment

Score: 7

Explanation: The acquisition of additional shares by a director, even through a dividend reinvestment plan, generally indicates continued confidence in the company's prospects and is a positive signal for investors.

Positives

• A Director of Herzfeld Caribbean Basin Fund Inc., Kay W. Tatum, increased her beneficial ownership of common stock by 282 shares, which can signal continued confidence in the company.
• The company issued a distribution of $0.2325 per share to stockholders, indicating a return of capital to shareholders.

Future Outlook

The document does not contain any forward-looking statements or guidance.

Industry Context

This Form 4 filing details an insider transaction, specifically a director's acquisition of shares through a dividend distribution. Such transactions are common and provide insight into individual insider holdings rather than broader industry trends.

Stakeholder Impact

• Shareholders: Received a distribution, with an option to receive cash or additional shares, potentially increasing their holdings.
• Directors: Kay W. Tatum increased her beneficial ownership in the Fund.

Key Dates

Keywords

Herzfeld Caribbean Basin Fund, CUBA, Form 4, insider transaction, stock acquisition, dividend reinvestment, director ownership, SEC filing