The Herzfeld Caribbean Basin Fund, Inc. Announces Preliminary Results of Rights Offering
MIAMI BEACH, Fla., Dec. 14, 2023 (GLOBE NEWSWIRE) -- The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) (the “Fund”) today announced the preliminary results of its non-transferable rights offering (the “Offering”) that expired on December 13, 2023 (the “Expiration Date”).
- MIAMI BEACH, Fla., Dec. 14, 2023 (GLOBE NEWSWIRE) -- The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) (the “Fund”) today announced the preliminary results of its non-transferable rights offering (the “Offering”) that expired on December 13, 2023 (the “Expiration Date”).
- In the Offering, the Fund received subscription requests for 14,371,838 shares of common stock from rights holders.
- Accordingly, a minimum of 7,150,673 shares will be issued as part of the Primary Subscription as described in the registration statement related to the Offering.
- The Fund will announce the final results of the Rights Offering in a press release on or about December 18, 2023.