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The Herzfeld Caribbean Basin Fund, Inc. Announcement Regarding Previously Announced Tender Offer
The Herzfeld Caribbean Basin Fund, Inc.January 29, 2021 GMT
MIAMI BEACH, Fla., Jan. 29, 2021 (GLOBE NEWSWIRE) Thomas J. Herzfeld Advisors, Inc., an SEC-registered investment advisor, today updated its announcement of December 21, 2020 regarding an Interim Tender Offer by The Herzfeld Caribbean Basin Fund, Inc. (Nasdaq: CUBA) (the “Fund”). The Fund will commence the Interim Tender Offer on or about February 12, 2021, on terms previously announced. The Fund will offer to purchase up to 5% of outstanding shares of the Fund at 97.5% of NAV. The formal offer and specific date and detailed terms of the tender will be announced in the near future.