John A. Gelety - Mar 19, 2024 Form 4 Insider Report for HERZFELD CARIBBEAN BASIN FUND INC (CUBA)

Role: Director
Signature: /s/ John A. Gelety
Stock symbol: CUBA
Transactions as of: Mar 19, 2024
Transactions value $: -$3,065
Form type: 4
Date filed: 3/21/2024, 04:58 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	-$3.07K	-906	-13.59%	$3.38	5.76K	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.

Content

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.