The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: HERZ) is a closed-end management investment company focused on delivering long-term total return through a combination of capital appreciation and dividend income. The fund pursues its objective by investing predominantly in common stocks, preferred stocks, rights, warrants and other equity-related securities of companies operating in the Caribbean Basin and Latin America. Its strategy emphasizes a diversified portfolio across multiple industries, seeking to capture growth opportunities in emerging markets while managing regional risk through active security selection.
HERZ typically allocates its assets among a range of sectors including financial services, telecommunications, consumer goods, utilities and industrials. The fund’s investment process is driven by fundamental research, with a particular focus on companies that demonstrate strong market positions, attractive valuation metrics and potential for sustainable earnings growth. Geographic diversification extends from larger economies such as Mexico, Colombia and Chile to smaller island markets, enabling the fund to benefit from both established and less-penetrated regions within the broader Caribbean Basin.
Incorporated in 1987, The Herzfeld Caribbean Basin Fund is one of the longest-standing closed-end funds dedicated exclusively to this region. Headquartered in Philadelphia, the fund has navigated multiple market cycles and political environments, cultivating a track record of disciplined portfolio management. Over the years, HERZ has evolved its approach to incorporate environmental, social and governance considerations, reflecting broader industry trends toward responsible investing in emerging markets.
Investment decisions are made by Herzfeld Caribbean Basin Fund Advisers, LLC, a team of seasoned professionals with extensive Latin American and Caribbean market experience. The fund’s board of directors comprises independent directors and industry veterans who oversee governance and ensure alignment with shareholder interests. Together, the advisory team and board work to maintain a balance between risk management and the pursuit of long-term value for investors in the distinctive markets of the Caribbean Basin.
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