Ryan M. Paylor - 30 Jun 2023 Form 4 Insider Report for HERZFELD CARIBBEAN BASIN FUND INC (CUBA)

Role: Portfolio Manager
Signature: /s/ Ryan M. Paylor
Issuer symbol: CUBA
Transactions as of: 30 Jun 2023
Net transactions value: +$441
Form type: 4
Filing time: 05 Jul 2023, 16:55:41 UTC
Previous filing: 04 Apr 2023
Next filing: 15 Dec 2023
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	$441	+113	+2.9%	$3.90	4,033	30 Jun 2023	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On June 30, 2023, the Fund paid a quarterly distribution of $0.173625 per share to shareholders of record on May 22, 2023 in cash and shares of common stock (the "June 2023 Distribution"). The June 2023 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 June 2023 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 $3.9028. Mr. R. Paylor received 113 shares of common stock of the Fund in connection with the June 2023 Distribution.

Content

On June 30, 2023, the Fund paid a quarterly distribution of $0.173625 per share to shareholders of record on May 22, 2023 in cash and shares of common stock (the "June 2023 Distribution"). The June 2023 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 June 2023 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 $3.9028. Mr. R. Paylor received 113 shares of common stock of the Fund in connection with the June 2023 Distribution.