Thomas J. Herzfeld - May 10, 2024 Form 4 Insider Report for HERZFELD CARIBBEAN BASIN FUND INC (CUBA)

Role
Director
Signature
/s/ Thomas J. Herzfeld
Stock symbol
CUBA
Transactions as of
May 10, 2024
Transactions value $
$148,113
Form type
4
Date filed
5/14/2024, 04:00 PM
Previous filing
Mar 21, 2024
Next filing
Jul 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CUBA Common stock Other $148K +61.5K +4.23% $2.41 1.52M May 10, 2024 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 10, 2024, the Fund paid a quarterly distribution of $0.135375 per share to shareholders of record on Mar. 27, 2024 in cash and shares of common stock (the "Fiscal Q4 Distribution"). The Fiscal Q4 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 Fiscal Q4 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 $2.4067. Mr. T. Herzfeld received 61,542 shares of common stock of the Fund in connection with the Fiscal Q4 Distribution.