Ann S. Lieff - 30 Jun 2025 Form 4 Insider Report for HERZFELD CARIBBEAN BASIN FUND INC (CUBA)

Role: Director
Signature: /s/ Ann S. Lieff
Issuer symbol: CUBA
Transactions as of: 30 Jun 2025
Net transactions value: +$9,247
Form type: 4
Filing time: 02 Jul 2025, 16:00:12 UTC
Previous filing: 17 Jul 2024
Next filing: 25 Nov 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
LIEFF ANN S	Director	THE HERZFELD CARIBBEAN BASIN FUND INC., 119 WASHINGTON AVE., SUITE 504, MIAMI BEACH	/s/ Ann S. Lieff	02 Jul 2025	0000901690

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CUBA	Common Stock	Other	$9,247	+3,756	+9.4%	$2.46	43,533	30 Jun 2025	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, 2025, the Fund paid a distribution of $0.2325 per share to stockholders of record on May 23, 2025 in cash and shares of common stock (the "June 2025 Distribution"). The June 2025 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 2025 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 $2.4618. Ms. A. Lieff received 3,756 shares of common stock of the Fund in connection with the June 2025 Distribution.

Content

On June 30, 2025, the Fund paid a distribution of $0.2325 per share to stockholders of record on May 23, 2025 in cash and shares of common stock (the "June 2025 Distribution"). The June 2025 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 2025 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 $2.4618. Ms. A. Lieff received 3,756 shares of common stock of the Fund in connection with the June 2025 Distribution.