The Herzfeld Caribbean Basin Fund, Inc. Appoints Erik M. Herzfeld as President
The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) is pleased to announce that its Board has appointed Erik M. Herzfeld as President and Chief Executive Officer of the Fund, effective February 9, 2016. Thomas J. Herzfeld will remain Chairman of the Board and a Portfolio Manager of the Fund.
Additionally, Erik M. Herzfeld has been appointed President of the Fund's investment adviser, Thomas J. Herzfeld Advisors, Inc., effective February 9, 2016. Thomas J. Herzfeld, although no longer an officer of the Advisor, will remain Chairman of the Board of Thomas J. Herzfeld Advisors, Inc.
The Herzfeld Caribbean Basin Fund, Inc. is a closed-end fund managed by HERZFELD/CUBA a division of Thomas J. Herzfeld Advisors, Inc. (based in Miami Beach). The Fund seeks long-term capital appreciation. To achieve its objective the Fund invests in issuers that are likely, in the Advisor's view, to benefit from economic, political, structural and technological developments in the countries in the Caribbean Basin, which the Fund considers to consist of Cuba, Jamaica, Trinidad and Tobago, the Bahamas, the Dominican Republic, Barbados, Aruba, Haiti, the Netherlands Antilles, the Commonwealth of Puerto Rico, Mexico, Honduras, Guatemala, Belize, Costa Rica, Panama, Colombia, Venezuela and the United States.
Thomas J. Herzfeld Advisors, Inc. specializes in the field of closed-end funds. Information about the advisor and the Fund can be found at www.herzfeld.com.
Nasdaq Capital Market: CUBA Cusip: 42804T106