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

Role: Director
Signature: /s/ Thomas J. Herzfeld
Issuer symbol: CUBA
Transactions as of: 30 Sep 2022
Net transactions value: +$86,020
Form type: 4
Filing time: 04 Oct 2022, 16:41:14 UTC
Previous filing: 05 Jul 2022
Next filing: 16 Nov 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CUBA	Common stock	Other	$86,020	+20,259	+3.4%	$4.25	608,470	30 Sep 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.

Content

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.