Herzfeld Caribbean Basin Fund INC: insider trades · United States · SEC (Form 4)

About Herzfeld Caribbean Basin Fund INC

Herzfeld Caribbean Basin Fund Inc. (historical ticker: CUBA) is a U.S.-listed investment vehicle traded on the NASDAQ market and domiciled in the United States. It is a non-diversified closed-end management investment company organized under Maryland law and registered under the Investment Company Act of 1940. The fund’s principal executive offices are in Miami Beach, Florida, at 119 Washington Avenue, Suite 504. It was organized in 1992, giving it a long operating history within the niche universe of regionally focused closed-end funds. ([sec.gov](https://www.sec.gov/Archives/edgar/data/880406/000139834425017779/fp0094577-2_ncsrixbrl.htm?utm_source=openai)) Historically, the fund’s investment mandate focused on long-term capital appreciation through investments in issuers expected to benefit from economic, political, structural, and technological developments across the Caribbean Basin. That opportunity set included Cuba, Jamaica, Trinidad and Tobago, the Bahamas, the Dominican Republic, Puerto Rico, Mexico, Panama, Colombia, the United States and other regional markets. This made CUBA a differentiated thematic product rather than a broad emerging-markets vehicle, with a very specific geographic and policy-sensitive exposure. ([sec.gov](https://www.sec.gov/Archives/edgar/data/0000880406/000199937123000493/cuba-424b3_112223.htm?utm_source=openai)) From a competitive standpoint, the fund has been a niche listed product rather than a large-scale diversified asset manager. Its appeal has come from its specialized regional mandate, closed-end structure, and active portfolio management. Recent SEC disclosures show holdings that can include regionally linked companies such as Copa Holdings, underscoring exposure to travel, transportation, and broader Caribbean/Latin American economic activity. For investors, that means the fund historically served as a targeted regional allocation tool rather than a core market-cap style equity fund. ([sec.gov](https://www.sec.gov/Archives/edgar/data/880406/000175272425098111/herzfeld-soi.htm?utm_source=openai)) The most important recent development is strategic change. In 2025, the fund announced a major shift away from the old Caribbean Basin strategy toward a CLO Equity Strategy, with a new primary objective of maximizing risk-adjusted total returns and a secondary objective of generating high current income. SEC filings also indicate that the fund changed its name in 2025 and no longer trades under the CUBA symbol. As a result, any analysis of the company now needs to separate its legacy Caribbean Basin identity from its current post-transition investment profile. ([sec.gov](https://www.sec.gov/Archives/edgar/data/880406/000139834425011936/fp0094000-1_ex991.htm?utm_source=openai))