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An announcement from Herzfeld Caribbean Basin Fund Inc ( (CUBA) ) is now available.
On June 18, 2025, the Herzfeld Caribbean Basin Fund, Inc. announced that its stockholders approved a strategic shift to a CLO Equity Strategy, with 96% voting in favor during a special meeting on June 17, 2025. This change aims to maximize risk-adjusted total returns and generate high current income, effective July 1, 2025, impacting the Fund’s investment objectives and policies, including an amended advisory agreement with Thomas J. Herzfeld Advisors, Inc.
More about Herzfeld Caribbean Basin Fund Inc
The Herzfeld Caribbean Basin Fund, Inc. operates in the financial industry, focusing on investment strategies. It is primarily involved in managing closed-end funds and has recently shifted its focus to a CLO Equity Strategy, which involves investing in equity and junior debt tranches of collateralized loan obligations.
Average Trading Volume: 114,046
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