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Thomas J. Herzfeld, Chairman of the Advisor for Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA), recently acquired additional shares in the company. According to a recent SEC filing, Herzfeld purchased a total of 2,502 shares over two transactions on March 10 and March 11. The shares were bought at prices ranging from $2.57 to $2.59, amounting to a total purchase value of $6,447. The fund, currently valued at $41.58 million, has demonstrated strong momentum with a 28% return over the past six months.
Following these transactions, Herzfeld’s direct ownership in the fund increased to 1,557,013 shares. These acquisitions reflect Herzfeld’s continued investment in the fund, which focuses on the Caribbean Basin region and offers an impressive 17.75% dividend yield, maintaining consistent dividend payments for 14 consecutive years. The transactions were reported in compliance with SEC regulations, providing transparency to investors regarding insider activities. InvestingPro subscribers can access detailed insider trading patterns and 6 additional key insights about CUBA’s financial health and market position.
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