Thomas J. Herzfeld - Sep 30, 2022 Form 4 Insider Report for HERZFELD CARIBBEAN BASIN FUND INC (CUBA)

Role
Director
Signature
/s/ Thomas J. Herzfeld
Stock symbol
CUBA
Transactions as of
Sep 30, 2022
Transactions value $
$86,020
Form type
4
Date filed
10/4/2022, 04:41 PM
Previous filing
Jul 5, 2022
Next filing
Nov 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CUBA Common stock Other $86K +20.3K +3.44% $4.25 608K Sep 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 Sept. 30, 2022, the Fund paid a quarterly distribution of $0.173625 per share to shareholders of record on August 22, 2022 in cash and shares of common stock (the "Sept. 2022 Distribution"). The Sept. 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 Sept. 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 $4.24595. Mr. T. Herzfeld received 20,259 shares of common stock of the Fund in connection with the Sept. 2022 Distribution.