0001398344-23-023062.txt : 20231220
0001398344-23-023062.hdr.sgml : 20231220
20231220173241
ACCESSION NUMBER: 0001398344-23-023062
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20231218
FILED AS OF DATE: 20231220
DATE AS OF CHANGE: 20231220
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: GONDOR CECILIA L
CENTRAL INDEX KEY: 0001312266
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 811-06445
FILM NUMBER: 231502288
MAIL ADDRESS:
STREET 1: THE HERZFELD CARIBBEAN BASIN FUND INC
STREET 2: 119 WASHINGTON AVENUE, SUITE 504
CITY: MIAMI BEACH
STATE: FL
ZIP: 33139
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: HERZFELD CARIBBEAN BASIN FUND INC
CENTRAL INDEX KEY: 0000880406
ORGANIZATION NAME:
IRS NUMBER: 650396889
STATE OF INCORPORATION: MD
FISCAL YEAR END: 0630
BUSINESS ADDRESS:
STREET 1: 119 WASHINGTON AVENUE, SUITE 504
CITY: MIAMI BEACH
STATE: FL
ZIP: 33139
BUSINESS PHONE: 305-777-1660
MAIL ADDRESS:
STREET 1: 119 WASHINGTON AVENUE, SUITE 504
CITY: MIAMI BEACH
STATE: FL
ZIP: 33139
FORMER COMPANY:
FORMER CONFORMED NAME: FIRST CUBA FUND INC
DATE OF NAME CHANGE: 19920929
4
1
fp0086356-2_4.xml
X0508
4
2023-12-18
0
0000880406
HERZFELD CARIBBEAN BASIN FUND INC
CUBA
0001312266
GONDOR CECILIA L
THE HERZFELD CARIBBEAN BASIN FUND INC
119 WASHINGTON AVENUE, SUITE 504
MIAMI BEACH
FL
33139
1
0
0
0
0
Common Stock
2023-12-18
4
X
0
12391
2.31
A
37173
D
Oversubscription Privilege (contingent right to buy)
2.31
2023-12-18
4
X
0
12391
0
D
2023-11-03
2023-12-13
Common Stock
12391
0
D
The Herzfeld Caribbean Basin Fund, Inc. (the "Fund") recently completed a pro rata offering (the "Rights Offering") of non-transferable subscription rights ("Rights") to its common stockholders of record as of the close of business on November 3, 2023 (the "Record Date Stockholder") entitling the holders of such Rights to purchase additional shares of common stock of the Fund (the "Common Stock"). Record Date Stockholders received one Right for each outstanding whole share of Common Stock held on the record date. The Rights entitled their holders to purchase one new share of Common Stock for every one Right held at a discount to the market price of the Common Stock. The subscription price per share of Common Stock was $2.31 (the "basic subscription privilege").
Record Date Stockholders who fully exercised their Rights were entitled to subscribe, subject to certain limitations and subject to allotment, for additional shares of Common Stock which were not subscribed for (the "Over-Subscription Privilege"). The reporting person fully exercised all Rights received and subscribed for additional shares of Common Stock pursuant to the Over-Subscription Privilege, subject to the pro rata allocation of available shares of Common Stock. Fractional shares of Common Stock were not issued. The subscription period commenced on the record date and expired on December 13, 2023.
Following the conclusion of the Rights Offering, the shares of Common Stock that were not subscribed for by the holders of Rights in the basic subscription privilege were allocated pro rata among Rights holders that exercised their Over-Subscription Privilege based on the number of shares of Common Stock each of those Rights holders owned on the record date and subject to the amount of shares of Common Stock such holder subscribed for. The reporting person purchased 12,391 shares of Common Stock from the exercise of her rights in the basic subscription privilege (previously reported in a Form 4 filed on December 15, 2023), plus an additional 12,391 shares of Common Stock pursuant to the Over-Subscription Privilege associated with the reporting person's subscription rights on the basis of the Fund's allocation of shares of Common Stock after the close of the subscription period.
On December 18, 2023, the third-party subscription agent for the Rights Offering determined the allocations to be made to the Record Date Stockholders who exercised their Over-Subscription Privilege. The Common Stock subscribed for will be issued after receipt of all stockholder payments.
/s/ Cecilia L. Gondor
2023-12-20