Herzfeld Caribbean Basin Fund SC 13D/A Amendment Filed

TL;DR

Erik Herzfeld updated his stake in Herzfeld Caribbean Basin Fund. Check the latest 13D/A filing.

AI Summary

Herzfeld Erik Mervin, a significant shareholder, filed an amendment to Schedule 13D on May 6, 2024, for The Herzfeld Caribbean Basin Fund, Inc. This filing, designated as Amendment No. 14, indicates a change in the reporting of beneficial ownership. The filing date of the event requiring this statement was May 1, 2023.

Why It Matters

This filing updates ownership information for a publicly traded fund, which can signal changes in investor sentiment or strategy.

Risk Assessment

Risk Level: medium — Schedule 13D filings often relate to significant ownership changes or activist investor activity, which can introduce volatility.

Key Numbers

• Amendment No. 14 — Filing Amendment (Indicates this is a subsequent update to the original filing.)
• 05/01/2023 — Date of Event (The date of the event that triggered this filing.)

Key Players & Entities

• Herzfeld Erik Mervin (person) — Filing Person
• HERZFELD CARIBBEAN BASIN FUND INC (company) — Subject Company
• 0001398344-24-008842 (filing_id) — Accession Number

FAQ

Key Financial Figures

• $2.73 — Advisory clients bought 5,576 shares at $2.73. On March 27, 2024, through the open ma
• $2.5846 — the Advisory clients sold 588 shares at $2.5846. On April 4, 2024, through the open mar
• $2.5939 — the Advisory clients sold 860 shares at $2.5939. On April 5, 2024, through the open mar
• $2.5737 — e Advisory clients sold 1,050 shares at $2.5737. On April 8, 2024, through the open mar
• $2.56 — e Advisory clients sold 6,118 shares at $2.56. On April 9, 2024, through the open mar
• $2.555 — e Advisory clients sold 1,065 shares at $2.555. On April 10, 2024, through the open ma
• $2.50 — Advisory clients sold 17,724 shares at $2.50. On April 18, 2024, through the open ma
• $2.37 — e Advisory clients sold 1,190 shares at $2.37. On April 23, 2024, through the open ma
• $2.41 — the Advisory clients sold 214 shares at $2.41. On April 24, 2024, through the open ma
• $2.40 — e Advisory clients sold 1,126 shares at $2.40. On April 26, 2024, through the open ma
• $2.42 — Advisory clients bought 1,531 shares at $2.42 and sold 4,176 shares at $2.4233. On Ap
• $2.4233 — hares at $2.42 and sold 4,176 shares at $2.4233. On April 29, 2024, through the open ma
• $2.4361 — the Advisory clients sold 459 shares at $2.4361. On May 1, 2024, through the open marke
• $3.3833 — rting Person’s tendered Shares at $3.3833 per Share, as promptly as practicable.

Filing Documents

• fp0088291-1_sc13da.htm (SC 13D/A) — 26KB
• 0001398344-24-008842.txt ( ) — 28KB

Purpose of Transaction

Item 4. Purpose of Transaction. Not applicable.

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer. (a) The aggregate number of shares of common stock to which this Schedule 13D relates is 2,843,569 shares representing 18.79% of the 15,133,299 shares outstanding as reported by the issuer as of March 25, 2024. (b) With respect to the shares of common stock owned individually, the Reporting Person beneficially owns with sole power to vote and dispose of 406,881 shares of common stock. With respect to the Accounts, the Reporting Person beneficially owns with shared power to vote and/or dispose of 2,436,688 shares of common stock. (c) Open Market Transactions On March 8, 2024, through the open market, the Advisory clients bought 5,576 shares at $2.73. On March 27, 2024, through the open market, the Advisory clients sold 588 shares at $2.5846. On April 4, 2024, through the open market, the Advisory clients sold 860 shares at $2.5939. On April 5, 2024, through the open market, the Advisory clients sold 1,050 shares at $2.5737. On April 8, 2024, through the open market, the Advisory clients sold 6,118 shares at $2.56. On April 9, 2024, through the open market, the Advisory clients sold 1,065 shares at $2.555. On April 10, 2024, through the open market, the Advisory clients sold 17,724 shares at $2.50. On April 18, 2024, through the open market, the Advisory clients sold 1,190 shares at $2.37. On April 23, 2024, through the open market, the Advisory clients sold 214 shares at $2.41. On April 24, 2024, through the open market, the Advisory clients sold 1,126 shares at $2.40. On April 26, 2024, through the open market, the Advisory clients bought 1,531 shares at $2.42 and sold 4,176 shares at $2.4233. On April 29, 2024, through the open market, the Advisory clients sold 459 shares at $2.4361. On May 1, 2024, through the open market, the Advisory clients sold 6,845 shares at $2.40. Tender Offer On March 25, 2024, the Herzfeld Caribbean Basin Fund, Inc. (the “Fund”) announced the final results of a cash tende

View Full Filing

View this SC 13D/A filing on SEC EDGAR