U.S. Markets close in 4 hrs 50 mins
  • S&P 500

    4,244.32
    -2.27 (-0.05%)
     
  • Dow 30

    34,270.61
    -28.72 (-0.08%)
     
  • Nasdaq

    14,091.31
    +18.45 (+0.13%)
     
  • Russell 2000

    2,309.65
    -10.43 (-0.45%)
     
  • Crude Oil

    72.34
    +0.22 (+0.31%)
     
  • Gold

    1,858.60
    +2.20 (+0.12%)
     
  • Silver

    27.90
    +0.21 (+0.75%)
     
  • EUR/USD

    1.2124
    -0.0009 (-0.0727%)
     
  • 10-Yr Bond

    1.4920
    -0.0070 (-0.47%)
     
  • Vix

    16.73
    -0.29 (-1.70%)
     
  • GBP/USD

    1.4104
    +0.0022 (+0.1551%)
     
  • USD/JPY

    109.9390
    -0.0950 (-0.0863%)
     
  • BTC-USD

    38,894.52
    -1,008.73 (-2.53%)
     
  • CMC Crypto 200

    963.04
    -29.43 (-2.97%)
     
  • FTSE 100

    7,193.12
    +20.64 (+0.29%)
     
  • Nikkei 225

    29,291.01
    -150.29 (-0.51%)
     

The Herzfeld Caribbean Basin Fund, Inc. Declares $0.16 per Share Year-End Distribution Payable in Cash

MIAMI BEACH, FL--(Marketwired - Dec 18, 2015) - The Board of Directors of The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) declared a year-end distribution of $927,351, which is approximately $0.16 per share (based on 5,826,945 shares outstanding on December 18, 2015). It is estimated that the distribution will be comprised wholly of net long-term capital gains. The distribution is payable on January 6, 2016 to stockholders of record December 31, 2015. The distribution is taxable to stockholders for the calendar year 2015. The distribution will be payable in cash.

The final determination of the source and tax characteristics of the distribution will be made after the end of the year.

Please note that for shareholders enrolled in the Fund's Dividend Distribution Reinvestment Plan ("Plan"), the distribution will be reinvested in additional shares of the Fund as described in the Plan.

The Herzfeld Caribbean Basin Fund, Inc. is a closed-end fund managed by HERZFELD/CUBA a division of Thomas J. Herzfeld Advisors, Inc. (based in Miami Beach). The Fund seeks long-term capital appreciation. To achieve its objective the Fund invests in issuers that are likely, in the Advisor's view, to benefit from economic, political, structural and technological developments in the countries in the Caribbean Basin, which the Fund considers to consist of Cuba, Jamaica, Trinidad and Tobago, the Bahamas, the Dominican Republic, Barbados, Aruba, Haiti, the Netherlands Antilles, the Commonwealth of Puerto Rico, Mexico, Honduras, Guatemala, Belize, Costa Rica, Panama, Colombia, Venezuela and the United States.

Thomas J. Herzfeld Advisors, Inc. specializes in the field of closed-end funds. Information about the advisor and the Fund can be found at www.herzfeld.com.

NASDAQ Capital Market: CUBA
Cusip: 42804T106