The Offering’s final subscription price per share was determined to be
The Offering was oversubscribed and the over-subscription requests exceeded the primary subscription shares available. 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 may, but is not required to, issue an additional number of shares (up to 200% of the Primary Subscription) to meet over-subscription requests. The Fund will make a determination of whether to allocate available shares pro rata among fully exercising stockholders (pursuant to the formula as described in the prospectus) and to what extent to honor over-subscription requests upon receipt of final results of the Offering and receipt of payment for “delivery-guaranteed” subscriptions, on or about
The foregoing numbers are estimates only. The Fund will announce the final results of the Rights Offering in a press release on or about
The final subscription price is lower than the original estimated subscription price of
This press release shall not constitute an offer to sell or constitute a solicitation of an offer to buy.
For additional information on the Fund, please contact the Fund at 800-TJH-FUND or visit us on the web at www.herzfeld.com/cuba.
The Fund is a non-diversified, closed-end fund managed by HERZFELD/
Investments in the Fund involve risks. Investing in companies of
Shares of closed-end funds frequently trade at a discount to their net asset value (NAV). The price of the Fund’s shares is determined by a number of factors, several of which are beyond the control of the Fund. Therefore, the Fund cannot predict whether its shares will trade at, below or above NAV.
Before investing in the Fund, investors should carefully consider the investment objective, risks, and charges and expenses of the Fund. This information can be found in the Fund’s prospectus on file with the
Participating stockholders will be required to initially pay for the Shares subscribed for in the offer as well as any additional shares subscribed for as part of the over-subscription privilege at the estimated subscription price.
About
More information about the advisor can be found at www.herzfeld.com.
Past performance is no guarantee of future performance. An investment in the Fund is subject to certain risks, including market risk. In general, shares of closed-end funds often trade at a discount from their net asset value and at the time of sale may be trading on the exchange at a price which is more or less than the original purchase price or the net asset value. An investor should carefully consider the Fund’s investment objective, risks, charges and expenses. Please read the Fund’s disclosure documents before investing.
NASDAQ Capital Market:
CUSIP: 42804T106
Contact Information:
For further information contact:
305.777.1660
www.herzfeld.com
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