Erik M. Herzfeld - Jun 30, 2022 Form 4 Insider Report for HERZFELD CARIBBEAN BASIN FUND INC (CUBA)

Role
President
Signature
/s/ Erik M. Herzfeld
Stock symbol
CUBA
Transactions as of
Jun 30, 2022
Transactions value $
$38,234
Form type
4
Date filed
7/5/2022, 05:45 PM
Previous filing
Apr 4, 2022
Next filing
Oct 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CUBA Common stock Other $38.2K +9.24K +4.23% $4.14 228K Jun 30, 2022 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On June 30, 2022, the Fund paid a quarterly distribution of $0.26475 per share to shareholders of record on May 23, 2022 in cash and shares of common stock (the "June 2022 Distribution"). The June 2022 Distribution was paid in cash or shares of the Fund's common stock at the election of stockholders with the total amount of cash distributed to all stockholders limited to 20% of the total distribution to be paid, excluding any cash paid for fractional shares. The remainder of the June 2022 Distribution (approx. 80%) was paid in the form of shares of the Fund's common stock. The exact distribution of cash and stock to any given stockholder was dependent upon their election as well as elections of other stockholders, subject to the pro-rata limitation. The price per share used to calculate the number of shares to be issued in lieu of cash was $4.13792. Mr. E. Herzfeld received 9,240 shares of common stock of the Fund in connection with the June 2022 Distribution.