<SEC-DOCUMENT>0001398344-15-004189.txt : 20150701
<SEC-HEADER>0001398344-15-004189.hdr.sgml : 20150701
<ACCEPTANCE-DATETIME>20150701162818
ACCESSION NUMBER:		0001398344-15-004189
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20150701
ITEM INFORMATION:		Other Events
FILED AS OF DATE:		20150701
DATE AS OF CHANGE:		20150701

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HERZFELD CARIBBEAN BASIN FUND INC
		CENTRAL INDEX KEY:			0000880406
		IRS NUMBER:				650396889
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-06445
		FILM NUMBER:		15965465

	BUSINESS ADDRESS:	
		STREET 1:		119 WASHINGTON AVENUE, SUITE 504
		CITY:			MIAMI BEACH
		STATE:			FL
		ZIP:			33139
		BUSINESS PHONE:		3052711900

	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
</SEC-HEADER>
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<TYPE>8-K
<SEQUENCE>1
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<div style="TEXT-ALIGN: center; LINE-HEIGHT: 1.15; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 11pt; FONT-WEIGHT: bold">UNITED STATES</div>

<div style="TEXT-ALIGN: center; LINE-HEIGHT: 1.15; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 11pt; FONT-WEIGHT: bold">SECURITIES AND EXCHANGE COMMISSION</div>

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<div style="TEXT-ALIGN: center; LINE-HEIGHT: 1.15; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 11pt; FONT-WEIGHT: bold">FORM 8-K</div>

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<div style="TEXT-ALIGN: center; LINE-HEIGHT: 1.15; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 11pt; FONT-WEIGHT: bold">CURRENT REPORT</div>

<div style="TEXT-ALIGN: center; LINE-HEIGHT: 1.15; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 11pt; FONT-WEIGHT: bold">Pursuant to Section 13 OR 15(d) of</div>

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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 11pt">Date of Report (Date of earliest event reported): <font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 11pt"><u>July 1, 2015</u></font></div>

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<div style="TEXT-ALIGN: center; LINE-HEIGHT: 1.15; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 11pt"><u>HERZFELD CARIBBEAN BASIN FUND, INC.</u></div>

<div style="TEXT-ALIGN: center; LINE-HEIGHT: 1.15; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 11pt">(Exact name of registrant as specified in its charter</div>

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 (Former name or former address, if changed since last report.)</div>

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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 11pt">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (<font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 11pt"><u>see</u></font> General Instruction A.2. below):</div>

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<td style="TEXT-ALIGN: left; WIDTH: auto; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 11pt; VERTICAL-ALIGN: top">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</td>
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<td style="TEXT-ALIGN: left; WIDTH: auto; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 11pt; VERTICAL-ALIGN: top">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</td>
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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 11pt">Item 8.01</div>

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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 11pt">Attached as an exhibit to this Form 8-K is a press release from The Herzfeld Caribbean Basin Fund&#8217;s (the &#8220;Fund&#8221;) investment adviser, Thomas J. Herzfeld Advisors, Inc. (the &#8220;Adviser&#8221;).&#160; While the attached press release announces certain personnel changes being made at the Adviser, there are no changes to the officers or to the portfolio managers of the Fund.</div>

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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 11pt">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.</div>

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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 11pt">HERZFELD CARIBBEAN BASIN FUND, INC.</div>
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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 11pt">Date: July 1, 2015</div>
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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 11pt">/s/ Reanna J. M. Lee</div>
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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 11pt">Reanna J. M. Lee</div>
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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 11pt">Chief Compliance Officer, Secretary and Treasurer</div>
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<FILENAME>fp0014961_ex991.htm
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<div style="TEXT-ALIGN: center; LINE-HEIGHT: 1.15; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 11pt; FONT-WEIGHT: bold">THOMAS J. HERZFELD ADVISORS, INC.</div>

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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 11pt">Miami Beach, Florida</div>
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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 11pt">July 1, 2015</div>
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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 11pt">Thomas J. Herzfeld Advisors, Inc.</div>
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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 11pt">119 Washington Avenue, Suite 504</div>
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<div style="text-align: left; line-height: 1.15; font-variant: normal; font-style: normal; font-family: 'Times New Roman', Times, serif; font-size: 11pt; font-weight: normal;"><u>www.herzfeld.com</u></div>
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<div style="TEXT-ALIGN: center; LINE-HEIGHT: 1.15; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 11pt; FONT-WEIGHT: bold">Thomas J. Herzfeld Advisors, Inc. Promotes Erik M. Herzfeld to Co-President</div>

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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 11pt">Miami Beach, FL &#8211; Thomas J. Herzfeld Advisors, Inc. (TJHA), an SEC registered investment advisor, today announced the promotion of Erik M. Herzfeld to Co-President of the Firm.&#160; Additionally, the Firm announced the promotions of Brigitta Herzfeld to Managing Director of the Firm, and Ryan Paylor to Co-Portfolio Manager for the Firm&#8217;s separately managed accounts.</div>

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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 11pt">&#8220;Erik&#8217;s interest in closed-end funds began in his teenage years, his application of this interest has been instrumental to the Firm&#8217;s success, and I cannot think of anyone better with whom to run this Firm as co-president now and in the future,&#8221; said Thomas J. Herzfeld, Co-President, Chairman, and founder of Thomas J. Herzfeld Advisors, Inc.</div>

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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 11pt">Erik Herzfeld, son of the Firm&#8217;s founder Thomas J. Herzfeld, joined TJHA in 2007, where he was quickly promoted to Portfolio Manager and Managing Director.&#160; Before joining the Firm Mr. Herzfeld had a decade of experience in the equity and foreign exchange/currency derivatives markets.&#160; Mr. Herzfeld held positions in quantitative research, trading, and management with both Lehman Brothers and JPMorgan, based in New York and Asia.&#160; Mr. Herzfeld is the creator of the <font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 11pt"><u>Bloomberg-JP Morgan Asia Currency Index</u></font> (an Asian currency basket widely used in the FX industry).&#160; He holds a B.A. in Economics with a concentration in Mathematics from Johns Hopkins University and an S.M. (MBA) in Financial Engineering from MIT Sloan School of Management.</div>

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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 11pt">Brigitta Herzfeld, daughter of the Firm&#8217;s founder Thomas J. Herzfeld, joined the Firm in 2009, where she served as Head of Client Relations and Director of Foreign Research.&#160; Prior to joining TJHA, she worked in the Japanese Equities Division of Lehman Brothers in Tokyo, and in the Investment Management Division at Goldman Sachs &amp; Co.&#160; She is the author of <font style="FONT-STYLE: italic; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 11pt">Buying Asia at a Discount</font>, published by CBS MarketWatch (2004).&#160; Ms. Herzfeld holds a B.A. from Bowdin College, an M.A. from Stanford University, and an MBA from the MIT Sloan School of Management.</div>

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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 11pt">Ryan Paylor joined TJHA in 2012, and previously served as a Senior Trader for the Firm&#8217;s separately managed accounts and institutional clients of the Firm.&#160; Prior to joining TJHA, Mr. Paylor worked at JP Morgan Chase in New York on the FX Derivatives Operations team.&#160; He holds a B.A. from Williams College.&#160; </div>

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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 11pt">Thomas J. Herzfeld Advisors, Inc., founded in 1984, is an SEC registered investment advisor, specializing in investment analysis and account management in closed-end funds.&#160; The Firm also specializes in investment in the Caribbean Basin.&#160; The HERZELD/CUBA division of Thomas J. Herzfeld Advisors, Inc. serves as the investment advisor to The Herzfeld Caribbean Basin Fund, Inc. a publicly traded closed-end fund (NASDAQ: CUBA).</div>

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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 11pt">More information about the advisor can be found at www.herzfeld.com.</div>

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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 11pt; FONT-WEIGHT: bold">For further information contact:</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 11pt">Reanna J. M. Lee</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 11pt">305-271-1900</div>
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