Thomas J. Herzfeld - Mar 19, 2024 Form 4 Insider Report for HERZFELD CARIBBEAN BASIN FUND INC (CUBA)

Signature
/s/ Thomas J. Herzfeld
Stock symbol
CUBA
Transactions as of
Mar 19, 2024
Transactions value $
-$775,006
Form type
4
Date filed
3/21/2024, 04:54 PM
Previous filing
Feb 2, 2024
Next filing
May 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CUBA Common stock Disposed to Issuer -$775K -229K -13.59% $3.38 1.46M Mar 19, 2024 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The amount reported represents the estimated number of shares tendered to The Herzfeld Caribbean Basin Fund, Inc. (the "Fund") in connection with the issuer tender offer by the Fund pursuant to the Tender Offer Statement on Schedule TO filed with the Securities and Exchange Commission on February 20, 2024 (the "Tender Offer"). The Fund will purchase only a prorated portion of the shares properly tendered by each tendering stockholder. Based on a preliminary count reported by the Fund, the preliminary proration factor is 13.59%. If necessary, an amended Form 4 will be filed to report the number of shares actually disposed of by the reporting person in connection with the Tender Offer once the final proration factor is determined.