<SEC-DOCUMENT>0001398344-24-021688.txt : 20241125
<SEC-HEADER>0001398344-24-021688.hdr.sgml : 20241125
<ACCEPTANCE-DATETIME>20241125172455
ACCESSION NUMBER:		0001398344-24-021688
CONFORMED SUBMISSION TYPE:	SCHEDULE 13D/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20241125
DATE AS OF CHANGE:		20241125

SUBJECT COMPANY:	

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

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-86371
		FILM NUMBER:		241497191

	BUSINESS ADDRESS:	
		STREET 1:		119 WASHINGTON AVENUE, SUITE 504
		CITY:			MIAMI BEACH
		STATE:			FL
		ZIP:			33139
		BUSINESS PHONE:		305-777-1660

	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

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HERZFELD THOMAS J
		CENTRAL INDEX KEY:			0001310710
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D/A

	MAIL ADDRESS:	
		STREET 1:		THE HERZFELD CARIBBEAN BASIN FUND INC
		STREET 2:		119 WASHINGTON AVENUE, SUITE 504
		CITY:			MIAMI BEACH
		STATE:			FL
		ZIP:			33139
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13D" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>SCHEDULE 13D/A</submissionType>
    <previousAccessionNumber>0001398344-11-001887</previousAccessionNumber>
    <filerInfo>
      <filer>
        <filerCredentials>
          <!-- Field: Pseudo-Tag; ID: Name; Data: HERZFELD THOMAS J -->
          <cik>0001310710</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>


    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <amendmentNo>20</amendmentNo>
      <securitiesClassTitle>Common Stock</securitiesClassTitle>
      <dateOfEvent>11/21/2024</dateOfEvent>
      <previouslyFiledFlag>false</previouslyFiledFlag>
      <issuerInfo>
        <issuerCIK>0000880406</issuerCIK>
        <issuerCUSIP>42804T106</issuerCUSIP>
        <issuerName>The Herzfeld Caribbean Basin Fund, Inc.</issuerName>
        <address>
          <com:street1>119 Washington Ave.</com:street1>
          <com:street2>Suite 504</com:street2>
          <com:city>Miami Beach</com:city>
          <com:stateOrCountry>FL</com:stateOrCountry>
          <com:zipCode>33139</com:zipCode>
        </address>
      </issuerInfo>
      <authorizedPersons>
        <notificationInfo>
          <personName>Thomas K. Morgan</personName>
          <personPhoneNum>305-777-1660</personPhoneNum>
          <personAddress>
            <com:street1>119 Washington Ave.</com:street1>
            <com:street2>Suite 504</com:street2>
            <com:city>Miami Beach</com:city>
            <com:stateOrCountry>FL</com:stateOrCountry>
            <com:zipCode>33139</com:zipCode>
          </personAddress>
        </notificationInfo>
      </authorizedPersons>
    </coverPageHeader>
    <reportingPersons>
      <reportingPersonInfo>
        <reportingPersonCIK>0001310710</reportingPersonCIK>
        <reportingPersonNoCIK>N</reportingPersonNoCIK>
        <reportingPersonName>Thomas J. Herzfeld, et al.</reportingPersonName>
        <fundType>PF</fundType>
        <fundType>OO</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>X1</citizenshipOrOrganization>
        <soleVotingPower>1477522.00</soleVotingPower>
        <sharedVotingPower>2431579.00</sharedVotingPower>
        <soleDispositivePower>1477522.00</soleDispositivePower>
        <sharedDispositivePower>2431579.00</sharedDispositivePower>
        <aggregateAmountOwned>3909101.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>24.87</percentOfClass>
        <typeOfReportingPerson>IN</typeOfReportingPerson>
        <typeOfReportingPerson>IA</typeOfReportingPerson>
        <commentContent>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 4 and 5 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.</commentContent>
      </reportingPersonInfo>
    </reportingPersons>
    <items1To7>
      <item1>
        <securityTitle>Common Stock</securityTitle>
        <issuerName>The Herzfeld Caribbean Basin Fund, Inc.</issuerName>
        <issuerPrincipalAddress>
          <com:street1>119 Washington Ave.</com:street1>
          <com:street2>Suite 504</com:street2>
          <com:city>Miami Beach</com:city>
          <com:stateOrCountry>FL</com:stateOrCountry>
          <com:zipCode>33139</com:zipCode>
        </issuerPrincipalAddress>
      </item1>
      <item4>
        <transactionPurpose>Not applicable.</transactionPurpose>
      </item4>
      <item5>
        <percentageOfClassSecurities>The aggregate number of shares of common stock to which this Schedule 13D relates is 3,909,101 shares representing 24.87% of the 15,720,897 shares outstanding as reported by the issuer as of November 25, 2024.</percentageOfClassSecurities>
        <numberOfShares>With respect to the shares of common stock owned individually, the Reporting Person beneficially owns with sole power to vote and dispose of 1,477,522 shares of common stock. With respect to the Accounts, the Reporting Person beneficially owns with shared power to vote and/or dispose of 2,431,579 shares of common stock.</numberOfShares>
        <transactionDesc>"Open Market Transactions:  On September 23, 2024 through the open market, the Advisory clients bought 1,085 shares at $2.30 and sold 327 shares at $2.28 and 705 shares at $2.29. On September 24, 2024 through the open market, the Advisory clients bought 22,724 shares at $2.2974. On September 30, 2024 through the open market, the Advisory clients bought 961 shares at $2.27. On October 10, 2024 through the open market, the Advisory clients sold 18,224 shares at $2.2948 . On October 22, 2024 through the open market, the Advisory clients bought 1,929 shares at $2.3934. On October 28, 2024 through the open market, the Advisory clients bought 1,132 shares at $2.45.

Tender Offer: On November 21, 2024, the Herzfeld Caribbean Basin Fund, Inc. (the "Fund") announced the final results of a cash tender offer to purchase up to 5%, or 827,416 shares, of its outstanding shares of common stock (the "Shares") at 97.5% of the Fund's net asset value ("NAV") as of the close of ordinary trading on the NASDAQ Capital Market (the "NASDAQ") on November 15, 2024, the expiration date (the "Tender Offer"). The Reporting Person properly tendered 1,590,109 Shares prior to the expiration date of the Tender Offer. Under the terms and conditions of the Tender Offer, because the number of Shares properly tendered exceeded the number of Shares offered to purchase, the Fund purchased Shares properly tendered on a pro-rata basis, subject to rounding adjustment to avoid the purchase of fractional shares, of 7.08052%, which is the number of Shares purchased (827,416) divided by the number of Shares properly tendered by all participating stockholders of the Fund (11,685,770). Pursuant to the Tender Offer, the Fund purchased 112,588 of the Reporting Person's tendered Shares at $3.2273 per Share."</transactionDesc>
        <listOfShareholders>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.</listOfShareholders>
        <date5PercentOwnership>Not applicable.</date5PercentOwnership>
      </item5>
    </items1To7>
    <signatureInfo>
      <signaturePerson>
        <signatureReportingPerson>Thomas J. Herzfeld, et al.</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Thomas J. Herzfeld</signature>
          <title>Thomas J. Herzfeld, Chairman</title>
          <date>11/25/2024</date>
        </signatureDetails>
      </signaturePerson>
    </signatureInfo>
  </formData>
</edgarSubmission>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
