|Bid||6.22 x 1400|
|Ask||7.75 x 1000|
|Day's Range||6.21 - 6.32|
|52 Week Range||4.79 - 6.76|
|Beta (3Y Monthly)||1.05|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.30 (4.86%)|
|1y Target Est||9.75|
Most closed end funds ("CEFs") trade at a discount to NAV, and in some cases, at substantial discounts of 15%-20%, explains George Putnam, editor of The Turnaround Letter.
MIAMI BEACH, Fla., May 31, 2019 -- Thomas J. Herzfeld Advisors, Inc. (“TJHA”), an SEC registered investment advisor, today announced that the Board of Directors of The Herzfeld.
It has been about eight years since Cuba began a series of economic reforms aimed at modernizing and jumpstarting the communist economy. The U.S. first placed an embargo on Cuba back in 1962 in an attempt to place economic pressure on Fidel Castro. The Cuban government estimates that U.S. sanctions cost the nation $1.12 trillion over the next 50 years.
The Board of Directors of The Herzfeld Caribbean Basin Fund, Inc. (Nasdaq Capital Market: CUBA) declared a year-end distribution of $0.305 per share. 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).
In 1958, Cuba was an investment powerhouse. Prior to Fidel Castro coming to power, Cuba was a popular tourist destination for Americans. The original goal of the trade embargo was to get rid of Fidel Castro, but that didn’t happen.