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Herzfeld Caribbean Basin:CUBA

Overview

As of 4/28/2025. NAV as of 4/25/2025.

 Share
Price		NAVPremium/
Discount
Current$2.49$2.80-11.79%
52 Wk Avg$2.41$3.13-22.90%
52 Wk High$2.73$3.42-5.26%
52 Wk Low$2.15$2.74-28.61%
Regular Distribution Type†Income Only
Distribution Rate37.35%
Distribution Amount$0.2325
Distribution FrequencyQuarterly
Past performance is no guarantee of future results.

Basic Information

Investment Objective

The Fund’s investment objective is to obtain long-term capital appreciation. The Fund pursues its objective by investing primarily in equity and equity-linked securities of public and private companies, including U.S.-based companies, (i) whose securities are traded principally on a stock exchange in a Caribbean Basin Country or (ii) that have at least 50% of the value of their assets in a Caribbean Basin Country or (iii) that derive at least 50% of their total revenue from operations in a Caribbean Basin Country. The Fund invests at least 80% of its total assets in equity and equity-linked securities of Caribbean Basin Countries.

Capital Structure

As of 4/28/2025

Total Investment Exposure:$44.019M
Total Common Assets:$44.019M
Common Shares Outstanding:15,720,897
Annual Expense Ratios

As of 6/30/2024

  Per Common Share
Management Fees1.45%
Other Expenses:1.63%
Baseline Expense: N/A
Interest Expense:N/A
Total: 3.08%
Fund Management

Fund Sponsor
Herzfeld

Portfolio Managers
Erik M. Herzfeld, Ryan Paylor

Basics
Category: Equity-U.S. Equity
Ticker: CUBA
NAV Ticker: XCUBAX
Average Daily Volume (shares): 67,469
Average Daily Volume (USD): $0.167M
Inception Date: 5/20/1994
Inception Share Price: $5.20
Inception NAV: $5.00
Tender Offer: No
Term: No
Fiscal Year End: June 30
Third Party Links & Reports

Distributions

As of 4/28/2025

Past performance is no guarantee of future results.
Distribution History

Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

to
Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

*Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

Key Information Regarding Distributions†
Avg. Earnings Per Share:
As of 12/31/2024		 -$0.0192
Annualized Distribution Rate on NAV:
As of 4/28/2025		33.21%
Total Return on NAV (12 months):
As of 4/28/2025		-8.94%
Total % Portfolio Effectively Leveraged:
As of 4/28/2025 		0.00%

Pricing Information

Premium/Discount Information
Past performance is no guarantee of future results.
Premium/Discount Information

As of 4/28/2025

PeriodAvg Discount
6 Month-20.28%
1 Year-22.90%
3 Year-21.50%
5 Year-19.56%
Z-Score

As of 4/28/2025

PeriodZStat
3 Month0.53
6 Month1.22
1 Year1.96
Pricing History
 from  
Date NAV Premium / Discount

Performance

Calendar Year Total Returns

As of 3/31/2025
Category: Morningstar US CEF US Equity

Past 20 Years

Return YearPriceNAVCategory - PriceCategory - NAV
YTD14.35%-7.49%-2.78%-3.51%
20242.79%2.60%22.97%15.86%
2023-13.59%-14.45%15.59%17.84%
2022-20.27%-19.08%-20.28%-16.72%
202124.46%19.91%31.33%22.95%
2020-5.10%-6.64%8.80%9.76%
201947.27%29.73%32.25%27.32%
2018-27.64%-18.66%-11.89%-10.13%
20178.21%13.39%22.72%19.06%
20163.61%19.43%13.79%12.38%
2015-23.76%-14.98%-7.45%-6.29%
201418.12%-8.05%24.05%7.38%
201320.68%17.38%37.23%30.01%
201222.16%24.27%  
2011-9.58%-7.83%  
201011.68%18.58%  
200952.86%36.78%  
2008-45.05%-38.50%  
2007-34.28%14.43%  
2006115.34%16.47%  
200535.24%13.75%  
Past performance is no guarantee of future results.
Annualized Total Returns

Returns for periods less than one year are cumulative rather than annualized

As of 3/31/2025
Category: Morningstar US CEF US Equity

Past performance is no guarantee of future results.

Portfolio Characteristics

Portfolio Characteristics
Number of Holdings:
As of 12/31/2024		1
Annual Portfolio Turnover:
As of 6/30/2024		25.00%
Asset Allocation

As of 12/31/2024

Top Sectors

As of 12/31/2024

Sector%Portfolio
Cash Equivalents100.00%
Cash Equivalents (Super Sector)100.00%
Top Holdings

As of 12/31/2024

HoldingValue% Portfolio
Usd$0.01M100.00%

CEFConnect.com makes data for the universe of closed-end funds available as a courtesy to its users. This material is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy or sell, or hold a security or an investment strategy, and is not provided in a fiduciary capacity. The information provided does not take into account the specific objectives or circumstances of any particular investor, or suggest any specific course of action. Investment decisions should be made based on an investor's objectives and circumstances and in consultation with his or her financial professional.

NOTES:

† Distribution type sourced from Morningstar. CEFConnect.com does not undertake to disclose specific information about closed-end fund distribution sources. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value.

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