Netherlands Antilles

The Herzfeld Caribbean Basin Fund, Inc. Announces Final Results of Rights Offering

Retrieved on: 
Monday, December 18, 2023
NAV, Fund, MIAMI, Investment, Netherlands Antilles, Commonwealth, Prospectus, Expiration, Security (finance), Offering

MIAMI BEACH, Fla., Dec. 18, 2023 (GLOBE NEWSWIRE) -- The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) (the “Fund”) today announced the final results of its non-transferable rights offering (the “Offering”) that expired on December 13, 2023 (the “Expiration Date”).

Key Points: 
  • MIAMI BEACH, Fla., Dec. 18, 2023 (GLOBE NEWSWIRE) -- The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) (the “Fund”) today announced the final results of its non-transferable rights offering (the “Offering”) that expired on December 13, 2023 (the “Expiration Date”).
  • The Fund will issue a total of 9,000,000 new shares of common stock as a result of the Offering.
  • The Offering was oversubscribed and the over-subscription requests exceeded the primary subscription shares available (i.e., 7,150,673 shares).
  • Gross proceeds from the Offering, before any expenses of the Offering, are expected to total approximately $20.8 million.

The Herzfeld Caribbean Basin Fund, Inc. Announces Preliminary Results of Rights Offering

Retrieved on: 
Thursday, December 14, 2023
NAV, Fund, MIAMI, Investment, Common stock, Netherlands Antilles, Commonwealth, Prospectus, Expiration, Rights, Security (finance), 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”).

Key Points: 
  • 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.

The Herzfeld Caribbean Basin Fund, Inc. Updates Important Dates for Rights Offering

Retrieved on: 
Tuesday, October 24, 2023
Sale, Commission, Security (finance), Dominican Republic, Policy, Closed-end fund, Investment, Commonwealth, Rights, Prospectus, Fund, Netherlands Antilles, NAV, Cryptocurrency

The formal offer and detailed terms of the tender offer will be announced following the conclusion of the Rights Offer.

Key Points: 
  • The formal offer and detailed terms of the tender offer will be announced following the conclusion of the Rights Offer.
  • The Fund is a non-diversified, closed-end fund managed by HERZFELD/CUBA, a division of Thomas J. Herzfeld Advisors, Inc. (based in Miami Beach).
  • Investing in companies of Caribbean Basin Countries may present certain unique risks not associated with domestic investments, such as currency fluctuation, political and economic changes and market risks.
  • Before investing in the Fund, investors should carefully consider the investment objective, risks, and charges and expenses of the Fund.

The Herzfeld Caribbean Basin Fund, Inc. Announces Important Dates for Rights Offering

Retrieved on: 
Friday, October 20, 2023
Sale, Commission, Security (finance), Dominican Republic, Policy, Closed-end fund, Investment, Commonwealth, Rights, Prospectus, Fund, Netherlands Antilles, NAV, Cryptocurrency

The Fund is a non-diversified, closed-end fund managed by HERZFELD/CUBA, a division of Thomas J. Herzfeld Advisors, Inc. (based in Miami Beach).

Key Points: 
  • The Fund is a non-diversified, closed-end fund managed by HERZFELD/CUBA, a division of Thomas J. Herzfeld Advisors, Inc. (based in Miami Beach).
  • Investing in companies of Caribbean Basin Countries may present certain unique risks not associated with domestic investments, such as currency fluctuation, political and economic changes and market risks.
  • Before investing in the Fund, investors should carefully consider the investment objective, risks, and charges and expenses of the Fund.
  • The formal offer and detailed terms of the tender offer will be announced following the conclusion of the Rights Offer.

SafeAmerica Credit Union Announces Retirement of Tom Graves, President and Chief Executive Officer

Retrieved on: 
Wednesday, January 11, 2023
Retirement, Interim, Grave, Netherlands Antilles, Management, Bank

PLEASANTON, Calif., Jan. 11, 2023 (GLOBE NEWSWIRE) -- SafeAmerica Credit Union announces the retirement of Tom Graves, President and Chief Executive Officer (CEO), effective Jan. 5, 2023.

Key Points: 
  • PLEASANTON, Calif., Jan. 11, 2023 (GLOBE NEWSWIRE) -- SafeAmerica Credit Union announces the retirement of Tom Graves, President and Chief Executive Officer (CEO), effective Jan. 5, 2023.
  • Frank Zampella, currently chairman of the board of directors, will assume the role of interim president and chief executive officer as of Jan. 6, 2023.
  • Graves joined SafeAmerica Credit Union as CEO in August of 2017.
  • During Graves' tenure, the credit union has grown from $419 million in assets and 35,000 members to $545 million in assets and serving 37,000 members.