The Herzfeld Caribbean Basin Fund, Inc. To Conduct a Tender Offer for up to 10% of Outstanding Common Shares
The Herzfeld Caribbean Basin Fund, Inc. - Closed End FUnd (CUBA)
US:NASDAQ Investor Relations:
herzfeld.com/cuba
Company Research
Source: GlobeNewswire
MIAMI BEACH, Fla., Feb. 09, 2024 (GLOBE NEWSWIRE) -- Thomas J. Herzfeld Advisors, Inc., an SEC-registered investment advisor, today announced its intention to commence a Tender Offer by The Herzfeld Caribbean Basin Fund, Inc. (Nasdaq: CUBA) (the “Fund”) on February 20, 2024, in accordance with the Fund’s ongoing plan to address the Fund’s trading price discount to its net asset value (“NAV”) per share that was previously announced on May 31, 2019, and subsequently extended and modified by the Fund’s Board of Directors in November 2023 (the “Plan”). Under the modified Self-Tender Policy component of the Plan, the Fund has undertaken to commence a tender offer in Q1 2024 for up to 10% of the Fund’s outstanding shares at 97.5% of NAV. The formal offer and detailed terms of the tender offer will be announced in the coming days. Tender Offer Statement The above statements are not intended to constitute an offer to participate in any tender offer. Shareholders will be notified of the
Show less
Read more
Impact Snapshot
Event Time:
CUBA
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CUBA alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CUBA alerts
High impacting The Herzfeld Caribbean Basin Fund, Inc. - Closed End FUnd news events
Weekly update
A roundup of the hottest topics
CUBA
News
- The Herzfeld Caribbean Basin Fund, Inc. Announces Final Tender Offer ResultsGlobeNewswire
- The Herzfeld Caribbean Basin Fund, Inc. ANNOUNCES PRELIMINARY TENDER OFFER RESULTSGlobeNewswire
- The Herzfeld Caribbean Basin Fund, Inc. Commences Tender Offer for up to 10% of Outstanding Common SharesGlobeNewswire
- The Herzfeld Caribbean Basin Fund, Inc. Announces Quarterly Distribution in Stock and CashGlobeNewswire
- The Herzfeld Caribbean Basin Fund, Inc. Pays Quarterly DistributionGlobeNewswire
CUBA
Sec Filings
- 4/15/24 - Form 4
- 3/27/24 - Form SC
- 3/26/24 - Form 4/A
- CUBA's page on the SEC website