Herzfeld Caribbean Basin Fund Changes 2012 Year-End Distribution Payable Date, Announces New All-Time High for Net Asset Value
05 December 2012 - 8:25AM
Marketwired
The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) is changing
the payable date of its upcoming year-end distribution to December
26, 2012 from January 18, 2013. In addition, the Fund announced
that its net asset value as of December 3, 2012 reached a new
all-time high.
As previously announced, the Fund will pay a year-end
distribution of $0.196 per share from net long-term capital gains
to stockholders of record December 18, 2012. The distribution is
taxable to stockholders for the calendar year 2012 and will be paid
in cash on December 26, 2012.
Please note that for shareholders enrolled in the Fund's
Dividend Reinvestment Plan ("Plan"), the distribution will be
reinvested in additional shares of the Fund as described in the
Plan.
Additionally, the Fund's net asset value as of December 3, 2012
was $8.66 per share, a new all-time high (adjusted for
distributions). That figure represents a gain of 20.78% for the
calendar year through December 3, 2012. From inception on September
10, 1993, the net asset value is up 158.02%*.
The Fund's share price is up 16.82% for the calendar
year-to-date through December 3, 2012. From inception on September
10, 1993, the share price is up 125.78%.*
*This information is not intended to be a buy or sell
recommendation. Performance figures are adjusted for distributions.
Past performance is not an indication of future results; figures
above are unaudited.
About The Herzfeld Caribbean Basin Fund,
Inc.
The Herzfeld Caribbean Basin Fund, Inc. is a closed-end fund
managed by HERZFELD/CUBA, a division of Thomas J. Herzfeld
Advisors, Inc. The Fund seeks long-term capital appreciation. To
achieve its objective the Fund invests in issuers that are likely,
in the Advisor's view, to benefit from economic, political,
structural and technological developments in the countries in the
Caribbean Basin, which the Fund considers to consist of Cuba,
Jamaica, Trinidad and Tobago, the Bahamas, the Dominican Republic,
Barbados, Aruba, Haiti, the Netherlands Antilles, the Commonwealth
of Puerto Rico, Mexico, Honduras, Guatemala, Belize, Costa Rica,
Panama, Colombia, Venezuela and the United States. There can be no
assurance that this objective will be met.
Nasdaq Capital Market: CUBA Cusip: 42804T106
For further information contact: Cecilia L. Gondor
305-271-1900 Thomas J. Herzfeld Advisors, Inc. 119 Washington
Avenue, Suite 504 Miami Beach, FL 33139 www.herzfeld.com
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