SCHEDULE 13G/A: Matisse Capital Reports Zero Beneficial Ownership in Herzfeld Caribbean Basin Fund

Matisse Capital has filed an amended Schedule 13G, indicating it no longer holds any beneficial ownership in Herzfeld Caribbean Basin Fund Inc.

Summary

• Matisse Capital, an investment adviser based in Portland, Oregon, has filed an Amendment No. 1 to its Schedule 13G regarding its holdings in Herzfeld Caribbean Basin Fund Inc.
• The filing, dated March 5, 2025, indicates that Matisse Capital now holds 0.00 shares, representing 0.0% of the common stock of Herzfeld Caribbean Basin Fund Inc.
• This amendment signifies that Matisse Capital no longer meets the threshold for reporting beneficial ownership of 5% or more of the issuer's common stock.
• The filing confirms that the securities were acquired and held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of a change in beneficial ownership, indicating a complete divestment by the reporting entity. It contains no positive or negative commentary, making its sentiment neutral.

Negatives

• The divestment of shares by an investment adviser could be interpreted as a lack of confidence in the issuer, although the filing does not provide a reason for the change in ownership.

Future Outlook

The document does not contain any forward-looking statements or guidance regarding the issuer's or reporting person's future outlook.

Management Comments

• Matisse Capital certified that, to the best of their knowledge and belief, the securities were acquired and held in the ordinary course of business and not for the purpose or with the effect of changing or influencing the control of the issuer.

Industry Context

This filing is a routine disclosure of a change in beneficial ownership by an investment adviser, common in the financial industry as funds adjust their portfolios. It reflects a specific investment decision by Matisse Capital rather than a broader industry trend.

Stakeholder Impact

• Shareholders: Matisse Capital is no longer a beneficial owner, which may slightly alter the shareholder base and potentially liquidity, though the impact is likely minimal given the 0% ownership.

Key Dates

Keywords

Herzfeld Caribbean Basin Fund Inc., Matisse Capital, Schedule 13G, Beneficial Ownership, Common Stock, Investment Adviser, SEC Filing, Ownership Disclosure