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Herzfeld Caribbean Basin Fund Inc ( (CUBA) ) just unveiled an announcement.
On May 7, 2025, The Herzfeld Caribbean Basin Fund, Inc. announced the filing of preliminary proxy materials for a special stockholders’ meeting on June 17, 2025. The meeting aims to approve changes including a shift to a CLO Equity Strategy, altering the investment objective to focus on maximizing risk-adjusted total returns and generating high current income. These changes could significantly impact the Fund’s operations and market positioning, as it plans to invest in equity and junior debt tranches of collateralized loan obligations, which are primarily below investment grade U.S. senior secured loans.
More about Herzfeld Caribbean Basin Fund Inc
The Herzfeld Caribbean Basin Fund, Inc. operates in the investment industry, focusing on closed-end funds. The Fund is managed by Thomas J. Herzfeld Advisors, Inc., which specializes in investment analysis and account management, particularly in closed-end funds.
Average Trading Volume: 114,046
Learn more about CUBA stock on TipRanks’ Stock Analysis page.