Amended Statement of Beneficial Ownership (sc 13d/a)
November 30 2021 - 5:15PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 14)*
The Herzfeld Caribbean
Basin Fund, Inc.
(Name of Issuer)
Common stock
(Title of Class of Securities)
42804T106
(CUSIP Number)
119 Washington Avenue,
Suite 504 Miami Beach, FL 33139
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
11/12/2021
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f)
or 240.13d-1(g), check the following box. [ ]
Note: Schedules filed in paper format shall include a signed original
and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.
|
*
|
The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information
which would alter disclosures provided in a prior cover page.
|
The information required on the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise
subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
|
|
|
|
|
CUSIP No. 42804T106
|
|
13D
|
|
Page 2 of 4 Pages
|
|
|
|
|
|
1.
|
|
NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Thomas J. Herzfeld, et al.
|
|
|
2.
|
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a) [ ]
(b) [ ]
|
|
|
3.
|
|
SEC USE ONLY
|
|
|
4.
|
|
SOURCE OF FUNDS (see instructions)
PF, OO
|
|
|
5.
|
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d)
or 2(e) [ ]
|
|
|
6.
|
|
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
|
|
|
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
|
7.
|
|
SOLE VOTING POWER
511,919
|
|
8.
|
|
SHARED VOTING POWER
472,201
|
|
9.
|
|
SOLE DISPOSITIVE POWER
511,919
|
|
10.
|
|
SHARED DISPOSITIVE POWER
472,201
|
11.
|
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
984,120
|
|
|
12.
|
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(see instructions) [ ]
|
|
|
13.
|
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
17.14%
|
|
|
14.
|
|
TYPE OF REPORTING PERSON (see instructions)
IN, IA
|
|
|
|
|
|
|
|
CUSIP No. 42804T106
|
|
13D
|
|
Page 3 of 4 Pages
|
Schedule 13D
This Amendment No. 14 to Schedule 13D (this “Amendment”)
amends and supplements the Schedule 13D filed with the Securities and Exchange Commission (the “SEC”) on August 18, 2011,
as previously amended (the “Schedule 13D”) by Thomas J. Herzfeld.
This amendment is filed on behalf of Thomas J. Herzfeld, et al. (the
“Reporting Person”) with respect to common stock owned individually by the Reporting Person and in his role as portfolio manager
of investment advisory accounts of the clients (“advisory clients”) of Thomas J. Herzfeld Advisors, Inc. a registered investment
adviser for which Mr. Herzfeld has a dispositive and/or voting power (“Accounts”).
Items 5, 6 and 7 of the Schedule 13D are hereby amended to the extent
hereinafter expressly set forth. All capitalized terms used and not expressly defined in this Amendment have the respective meanings ascribed
to them in the Schedule 13D.
Item 5. Interest in Securities of the Issuer.
|
(a)
|
The aggregate number of common stock to which this Schedule 13D relates is 984,120 common stock representing 17.14% of the 5,742,094
shares outstanding as reported by the issuer as of November 29, 2021.
|
|
(b)
|
With respect to the shares of common stock owned individually, the Reporting Person beneficially owns with sole power to vote and
dispose of 511,919 shares of common stock. With respect to the Accounts, the Reporting Person beneficially owns, with shares power to
vote and/or dispose of 472,201 shares of common stock.
|
|
(c)
|
During the past sixty days, through the open market the advisory clients on September 24, 2021 sold 78
shares at 5.75 per share. On September 30, 2021 through the open market the advisory clients purchased 108 shares at $5.78 per
share. Through the stock and cash distribution for September 30, 2021, the advisory clients received 20,208 shares at 5.6778 per
share. Through the stock and cash distribution for September 30, 2021, the reporting person received 19,427 shares at 5.6778 per
share. On October 5, 2021 through the open market the advisory clients purchased 2,000 shares at $5.79 per share. On October 6, 2021
through the open market the advisory clients purchased 125 shares at 5.765 per share. On October 7, 2021 through the open market the
advisory client sold 947 shares at 5.8842 and purchased 23 shares at 5.90. On October 11, 2021 through the open market the advisory
clients purchased 77 shares at $5.8899 per share. On October 18, 2021 through the open market the advisory clients sold 283 shares
at $5.88 per share. On October 27, 2021 through the open market the advisory clients sold 18 shares at $5.8601 per share. The
advisory clients sold 70,752 shares of common stock on November 12, 2021, at a price of $6.981 per share pursuant to an issuer
tender offer. The Reporting Person sold 50,407 shares of common stock on November 12, 2021, at a price of $6.981 per share pursuant
to an issuer tender offer. On November 23, 2021 through the open market the advisory clients bought 3,549 shares at $5.63 per share.
On November 26, 2021 through the open market the advisory clients bought 6,445 shares at $5.43 per share. On November 29, 2021 through the open market the advisory clients bought 3,477 shares at $5.45.
|
|
(d)
|
The owner of each of the Accounts individually has the right to receive and the power to direct the receipt of dividends from, or
proceeds from the sale of, the shares of common stock. To date no owner of an Account holds more than 5% of the Issuer’s common
shares.
|
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer.
Except for the investment advisory agreements between Thomas J. Herzfeld
Advisors, Inc. and the owners of the Accounts, there are no contracts, arrangements, understandings or relationships (legal or otherwise)
between the Reporting Person and any other person with respect to any securities of the Issuer.
CUSIP No. 42804T106
|
|
13D
|
|
Page 4 of 4 Pages
|
Item 7. Material to Be Filed as Exhibits.
Exhibit
Number
|
|
Description
|
|
1
|
|
Letter of Transmittal (incorporated by reference to Exhibit 99.(a)(1)(ii) of the Issuer’s Schedule TO filed with the SEC on October 12, 2021.
|
SIGNATURE
After reasonable inquiry and to the best of my knowledge
and belief, I certify that the information set forth in this statement is true, complete and correct.
|
|
|
Thomas J. Herzfeld Advisors, Inc.
|
|
|
|
/s/ Thomas J. Herzfeld
Thomas J. Herzfeld
Chairman
|
|
|
|
11/30/2021
|
|
Date
|
Herzfeld Caribbean Basin (NASDAQ:CUBA)
Historical Stock Chart
From Jul 2024 to Aug 2024
Herzfeld Caribbean Basin (NASDAQ:CUBA)
Historical Stock Chart
From Aug 2023 to Aug 2024