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Thomas J. Herzfeld Advisors, Inc., an SEC-registered investment advisor, today announced the commencement of a Tender Offer by The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ:CUBA) (the "Fund"). Under the terms of the Tender Offer the Fund is offering to purchase up to 5% of outstanding shares of the Fund at 97.5% of NAV.
The Fund announced the Tender Officer in a press release on October 3, 2022.
The Fund has offered to purchase up to 5% of the currently outstanding common shares of the Fund, par value $0.001 per share (the "Common Shares") of the Fund at 97.5% of Net Asset Value ("NAV") per Common Share (determined as of the close of ordinary trading on the NASDAQ Capital Market on November 8, 2022) for cash, upon the terms and subject to the conditions contained in the Offer to Purchase dated October 12, 2022 and the related Letter of Transmittal. Shareholders of the Fund should read the Offer to Purchase, the Letter of Transmittal and related exhibits, as they will contain important information about the Tender Offer. These and other filed documents will be available to investors for free both at the website of the SEC (www.sec.gov) and from the Fund (www.herzfeld.com/CUBA).
Requests for more information, questions and requests for additional copies of the offer materials, please contact AST Fund Solutions, LLC, the Information Agent for the Tender Offer at (866) 406-2285.
Posted In: CUBA
