Ryan Paylor - Jul 15, 2024 Form 4 Insider Report for HERZFELD CARIBBEAN BASIN FUND INC (CUBA)

Role: Portfolio Manager
Signature: /s/ Ryan Paylor
Stock symbol: CUBA
Transactions as of: Jul 15, 2024
Transactions value $: $3,215
Form type: 4
Date filed: 7/17/2024, 04:00 PM
Previous filing: May 14, 2024
Next filing: Nov 21, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CUBA	Common stock	Other	$3.21K	+1.38K	+5.8%	$2.33	25.1K	Jul 15, 2024	Direct	F1

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

Explanation of Responses:

Id	Content
F1	On July 15, 2024, the Fund paid a quarterly distribution of $0.135375 per share to stockholders of record on June 3, 2024 in cash and shares of common stock (the "July 2024 Distribution"). The July 2024 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 July 2024 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 $2.3329. Mr. R. Paylor received 1,378 shares of common stock of the Fund in connection with the July 2024 Distribution.

Content

On July 15, 2024, the Fund paid a quarterly distribution of $0.135375 per share to stockholders of record on June 3, 2024 in cash and shares of common stock (the "July 2024 Distribution"). The July 2024 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 July 2024 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 $2.3329. Mr. R. Paylor received 1,378 shares of common stock of the Fund in connection with the July 2024 Distribution.