The Herzfeld Caribbean Basin Fund, Inc Announces Lifting of Suspension to Self-Tender Policy; Interim January 2021 Tender Offer marketwatch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketwatch.com Daily Mail and Mail on Sunday newspapers.
| Press Release
The Herzfeld Caribbean Basin Fund, Inc. Announces Lifting of Suspension to Self-Tender Policy; Interim January 2021 Tender Offer
MIAMI BEACH, Fla., Dec. 21, 2020 (GLOBE NEWSWIRE) Thomas J. Herzfeld Advisors, Inc. (“TJHA”), an SEC-registered investment advisor, today announced that the Board of Directors (the “Board”) of The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) (the “Fund”) has lifted its suspension of the Fund’s Self-Tender Policy (“Self- Tender Policy”) and in so doing reinstated fully the Fund’s three-year 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 (the “Plan”). In addition, the Board has approved an interim tender offer for shares to take place in January 2021.