SCHEDULE 13D/A: Thomas J. Herzfeld Group Increases Stake in Herzfeld Caribbean Basin Fund to Over 42%

Thomas J. Herzfeld and his advisory clients have increased their beneficial ownership in The Herzfeld Caribbean Basin Fund, Inc. to 42.07% through recent open market purchases.

Summary

• Thomas J. Herzfeld, along with his investment advisory clients, collectively beneficially own 6,712,831 shares of The Herzfeld Caribbean Basin Fund, Inc. common stock.
• This aggregate ownership represents 42.07% of the 15,720,897 shares outstanding as reported by the issuer as of March 15, 2025.
• Mr. Herzfeld individually holds sole voting and dispositive power over 1,564,310 shares.
• His advisory clients' accounts hold shared voting and dispositive power over 5,148,521 shares.
• On March 12, 2025, Mr. Herzfeld purchased 1,610 shares at $2.6462 and 5,687 shares at $2.6488 through open market transactions.
• On the same date, advisory clients purchased 127,421 shares at $2.6462 and 306,532 shares at $2.6488 through open market transactions.
• No individual owner of an advisory account holds more than 5% of the Issuer's common shares.

Sentiment

Score: 6

Explanation: The document is primarily a factual disclosure of increased beneficial ownership by a significant insider group. While the increase in stake can be seen as a positive signal of confidence, the filing itself does not contain performance metrics or strategic updates that would significantly shift sentiment beyond neutral to slightly positive.

Positives

• The increase in beneficial ownership by Thomas J. Herzfeld and his advisory clients may signal confidence in the fund's prospects.
• Significant insider buying, especially by a group with a substantial existing stake, can be viewed positively by the market.

Future Outlook

The filing states 'Not applicable' for the purpose of transaction, indicating no stated plans for future changes in control or significant corporate actions beyond the current ownership structure.

Management Comments

• "After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct." Thomas J. Herzfeld, Chairman

Industry Context

NA

Stakeholder Impact

• Shareholders may view the increased beneficial ownership by Thomas J. Herzfeld and his advisory clients as a positive sign of alignment and confidence in the fund's future.

Key Dates

Keywords

Herzfeld Caribbean Basin Fund, Thomas J. Herzfeld, Schedule 13D, beneficial ownership, investment fund, closed-end fund, SEC filing, stock purchase, insider buying