HERZ

SEC source: 0001398344-25-005628 · fp0092675-1_4.xml · nonDerivative · entry 2

HERZFELD THOMAS J · CIK 0001310710 · Chairman of the Advisor

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,565,562

SEC source: 0001398344-25-005626 · fp0092675-1_4.xml · nonDerivative · entry 1

HERZFELD THOMAS J · CIK 0001310710 · Chairman of the Advisor

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,564,310

SEC source: 0001398344-25-005606 · fp0092675-2_4.xml · nonDerivative · entry 1

Herzfeld Brigitta Suzanne · CIK 0001528207 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 118,262

SEC source: 0001398344-25-005628 · fp0092675-1_4.xml · nonDerivative · entry 1

HERZFELD THOMAS J · CIK 0001310710 · Chairman of the Advisor

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,564,310

SEC source: 0001398344-25-005502 · fp0092629-1_4.xml · nonDerivative · entry 2

HERZFELD THOMAS J · CIK 0001310710 · Chairman of the Advisor

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,557,013

SEC source: 0001398344-25-005501 · fp0092629-2_4.xml · nonDerivative · entry 2

Herzfeld Brigitta Suzanne · CIK 0001528207 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 115,800

SEC source: 0001398344-25-005575 · fp0092691-1_4a.xml · nonDerivative · entry 2

Herzfeld Brigitta Suzanne · CIK 0001528207 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 115,800

SEC source: 0001398344-25-005502 · fp0092629-1_4.xml · nonDerivative · entry 1

HERZFELD THOMAS J · CIK 0001310710 · Chairman of the Advisor

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,556,136

SEC source: 0001398344-25-005501 · fp0092629-2_4.xml · nonDerivative · entry 1

Herzfeld Brigitta Suzanne · CIK 0001528207 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 115,677

SEC source: 0001398344-25-005575 · fp0092691-1_4a.xml · nonDerivative · entry 1

Herzfeld Brigitta Suzanne · CIK 0001528207 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 115,677

F1 · price: This amendment is being filed solely to correct an error in the Price of Securities acquired on March 10, 2025 previously reported.

SEC source: 0001398344-25-005426 · fp0092623-2_4.xml · nonDerivative · entry 1

Herzfeld Brigitta Suzanne · CIK 0001528207 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 113,434

SEC source: 0001398344-25-005424 · fp0092623-1_4.xml · nonDerivative · entry 1

Herzfeld Erik Mervin · CIK 0001413260 · President · Portfolio Manager

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 584,930

SEC source: 0001398344-25-005423 · fp0092623-3_4.xml · nonDerivative · entry 1

HERZFELD THOMAS J · CIK 0001310710 · Chairman of the Advisor

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,554,511

SEC source: 0001398344-25-005201 · fp0092606-1.xml · nonDerivative · entry 2

Gelety John A · CIK 0001560467 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 9,434

SEC source: 0001398344-25-005320 · fp0092604-1_4.xml · nonDerivative · entry 1

HERZFELD THOMAS J · CIK 0001310710 · Chairman of the Advisor

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,553,444

SEC source: 0001398344-25-005319 · fp0092580-1_4.xml · nonDerivative · entry 1

Herzfeld Erik Mervin · CIK 0001413260 · President · Portfolio Manager

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 488,931

SEC source: 0001398344-25-005317 · fp0092604-3_4.xml · nonDerivative · entry 1

Herzfeld Brigitta Suzanne · CIK 0001528207 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 113,049

SEC source: 0001398344-25-005316 · fp0092604-2_4a.xml · nonDerivative · entry 1

Paylor Ryan M · CIK 0001767956 · Portfolio Manager

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 26,144

SEC source: 0001398344-25-004987 · fp0092568-2_4.xml · nonDerivative · entry 2

HERZFELD THOMAS J · CIK 0001310710 · Chairman of the Advisor

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,549,881

SEC source: 0001398344-25-004985 · fp0092568-1_4.xml · nonDerivative · entry 2

Herzfeld Brigitta Suzanne · CIK 0001528207 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 111,328

SEC source: 0001398344-25-005201 · fp0092606-1.xml · nonDerivative · entry 1

Gelety John A · CIK 0001560467 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 7,934

SEC source: 0001398344-25-005202 · fp0092580-2_4a.xml · nonDerivative · entry 1

Paylor Ryan M · CIK 0001767956 · Portfolio Manager

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 26,005

SEC source: 0001398344-25-004987 · fp0092568-2_4.xml · nonDerivative · entry 1

HERZFELD THOMAS J · CIK 0001310710 · Chairman of the Advisor

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,539,115

SEC source: 0001398344-25-004985 · fp0092568-1_4.xml · nonDerivative · entry 1

Herzfeld Brigitta Suzanne · CIK 0001528207 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 99,951

SEC source: 0001398344-24-021013 · fp0091091-2_4.xml · nonDerivative · entry 1

HERZFELD THOMAS J · CIK 0001310710 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,477,691

F1 · balance_after: The amount reported represents the estimated number of shares tendered to The Herzfeld Caribbean Basin Fund, Inc. (the "Fund") in connection with the issuer tender offer by the Fund pursuant to the Tender Offer Statement on Schedule TO filed with the Securities and Exchange Commission on October 15, 2024 (the "Tender Offer"). The Fund will purchase only a prorated portion of the shares properly tendered by each tendering stockholder. Based on a preliminary count reported by the Fund, the preliminary proration factor is 7.07%. If necessary, an amended Form 4 will be filed to report the number of shares actually disposed of by the reporting person in connection with the Tender Offer once the final proration factor is determined.

SEC source: 0001398344-24-021012 · fp0091091-1_4.xml · nonDerivative · entry 1

Paylor Ryan M · CIK 0001767956 · Portfolio Manager

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 23,357

F1 · balance_after: The amount reported represents the estimated number of shares tendered to The Herzfeld Caribbean Basin Fund, Inc. (the "Fund") in connection with the issuer tender offer by the Fund pursuant to the Tender Offer Statement on Schedule TO filed with the Securities and Exchange Commission on October 15, 2024 (the "Tender Offer"). The Fund will purchase only a prorated portion of the shares properly tendered by each tendering stockholder. Based on a preliminary count reported by the Fund, the preliminary proration factor is 7.07%. If necessary, an amended Form 4 will be filed to report the number of shares actually disposed of by the reporting person in connection with the Tender Offer once the final proration factor is determined.

SEC source: 0001398344-24-021011 · fp0091091-3_4.xml · nonDerivative · entry 1

Herzfeld Erik Mervin · CIK 0001413260 · President · Portfolio Manager

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 411,001

F1 · balance_after: The amount reported represents the estimated number of shares tendered to The Herzfeld Caribbean Basin Fund, Inc. (the "Fund") in connection with the issuer tender offer by the Fund pursuant to the Tender Offer Statement on Schedule TO filed with the Securities and Exchange Commission on October 15, 2024 (the "Tender Offer"). The Fund will purchase only a prorated portion of the shares properly tendered by each tendering stockholder. Based on a preliminary count reported by the Fund, the preliminary proration factor is 7.07%. If necessary, an amended Form 4 will be filed to report the number of shares actually disposed of by the reporting person in connection with the Tender Offer once the final proration factor is determined.

SEC source: 0001398344-24-021085 · fp0091153-3_4a.xml · nonDerivative · entry 1

Paylor Ryan M · CIK 0001767956 · Portfolio Manager

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 23,354

F1 · balance_after: The amount reported represents the estimated number of shares tendered to The Herzfeld Caribbean Basin Fund, Inc. (the "Fund") in connection with the issuer tender offer by the Fund pursuant to the Tender Offer Statement on Schedule TO filed with the Securities and Exchange Commission on October 15, 2024 (the "Tender Offer"). The final proration factor for the Tender Offer is 7.08052%.

SEC source: 0001398344-24-021083 · fp0091153-1_4a.xml · nonDerivative · entry 1

HERZFELD THOMAS J · CIK 0001310710 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,477,523

F1 · balance_after: The amount reported represents the estimated number of shares tendered to The Herzfeld Caribbean Basin Fund, Inc. (the "Fund") in connection with the issuer tender offer by the Fund pursuant to the Tender Offer Statement on Schedule TO filed with the Securities and Exchange Commission on October 15, 2024 (the "Tender Offer"). The final proration factor for the Tender Offer is 7.08052%.

SEC source: 0001398344-24-021082 · fp0091153-2_4a.xml · nonDerivative · entry 1

Herzfeld Erik Mervin · CIK 0001413260 · President · Portfolio Manager

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 410,955

F1 · balance_after: The amount reported represents the estimated number of shares tendered to The Herzfeld Caribbean Basin Fund, Inc. (the "Fund") in connection with the issuer tender offer by the Fund pursuant to the Tender Offer Statement on Schedule TO filed with the Securities and Exchange Commission on October 15, 2024 (the "Tender Offer"). The final proration factor for the Tender Offer is 7.08052%.

SEC source: 0001398344-24-012775 · fp0089233-1_4.xml · nonDerivative · entry 1

LIEFF ANN S · CIK 0000901690 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 36,358

F1 · kind: On July 15, 2024, the Fund paid a quarterly distribution of $0.135375 per share to stockholders of record on June 3, 2024 in cash and shares of common stock (the "July 2024 Distribution"). The July 2024 Distribution was paid in cash or shares of the Fund's common stock at the election of stockholders with the total amount of cash distributed to all stockholders limited to 20% of the total distribution to be paid, excluding any cash paid for fractional shares. The remainder of the July 2024 Distribution (approx. 80%) was paid in the form of shares of the Fund's common stock. The exact distribution of cash and stock to any given stockholder was dependent upon their election as well as elections of other stockholders, subject to the pro-rata limitation. The price per share used to calculate the number of shares to be issued in lieu of cash was $2.3329. Ms. A. Lieff received 1,994 shares of common stock of the Fund in connection with the July 2024 Distribution.

SEC source: 0001398344-24-012774 · fp0089233-7.xml · nonDerivative · entry 1

GONDOR CECILIA L · CIK 0001312266 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 41,960

F1 · kind: On July 15, 2024, the Fund paid a quarterly distribution of $0.135375 per share to stockholders of record on June 3, 2024 in cash and shares of common stock (the "July 2024 Distribution"). The July 2024 Distribution was paid in cash or shares of the Fund's common stock at the election of stockholders with the total amount of cash distributed to all stockholders limited to 20% of the total distribution to be paid, excluding any cash paid for fractional shares. The remainder of the July 2024 Distribution (approx. 80%) was paid in the form of shares of the Fund's common stock. The exact distribution of cash and stock to any given stockholder was dependent upon their election as well as elections of other stockholders, subject to the pro-rata limitation. The price per share used to calculate the number of shares to be issued in lieu of cash was $2.3329. Ms. C. Gondor received 1,725 shares of common stock of the Fund in connection with the July 2024 Distribution.

SEC source: 0001398344-24-012770 · fp0089233-6.xml · nonDerivative · entry 1

Gelety John A · CIK 0001560467 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 6,434

F1 · kind: On July 15, 2024, the Fund paid a quarterly distribution of $0.135375 per share to stockholders of record on June 3, 2024 in cash and shares of common stock (the "July 2024 Distribution"). The July 2024 Distribution was paid in cash or shares of the Fund's common stock at the election of stockholders with the total amount of cash distributed to all stockholders limited to 20% of the total distribution to be paid, excluding any cash paid for fractional shares. The remainder of the July 2024 Distribution (approx. 80%) was paid in the form of shares of the Fund's common stock. The exact distribution of cash and stock to any given stockholder was dependent upon their election as well as elections of other stockholders, subject to the pro-rata limitation. The price per share used to calculate the number of shares to be issued in lieu of cash was $2.3329. Mr. J. Gelety received 352 shares of common stock of the Fund in connection with the July 2024 Distribution.

SEC source: 0001398344-24-012769 · fp0089233-3_4.xml · nonDerivative · entry 1

TATUM KAY W · CIK 0001416189 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 5,027

F1 · kind: On July 15, 2024, the Fund paid a quarterly distribution of $0.135375 per share to stockholders of record on June 3, 2024 in cash and shares of common stock (the "July 2024 Distribution"). The July 2024 Distribution was paid in cash or shares of the Fund's common stock at the election of stockholders with the total amount of cash distributed to all stockholders limited to 20% of the total distribution to be paid, excluding any cash paid for fractional shares. The remainder of the July 2024 Distribution (approx. 80%) was paid in the form of shares of the Fund's common stock. The exact distribution of cash and stock to any given stockholder was dependent upon their election as well as elections of other stockholders, subject to the pro-rata limitation. The price per share used to calculate the number of shares to be issued in lieu of cash was $2.3329. Ms. K. Tatum received 206 shares of common stock of the Fund in connection with the July 2024 Distribution.

SEC source: 0001398344-24-012772 · fp0089233-2_4.xml · nonDerivative · entry 1

Paylor Ryan M · CIK 0001767956 · Portfolio Manager

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 25,134

F1 · kind: On July 15, 2024, the Fund paid a quarterly distribution of $0.135375 per share to stockholders of record on June 3, 2024 in cash and shares of common stock (the "July 2024 Distribution"). The July 2024 Distribution was paid in cash or shares of the Fund's common stock at the election of stockholders with the total amount of cash distributed to all stockholders limited to 20% of the total distribution to be paid, excluding any cash paid for fractional shares. The remainder of the July 2024 Distribution (approx. 80%) was paid in the form of shares of the Fund's common stock. The exact distribution of cash and stock to any given stockholder was dependent upon their election as well as elections of other stockholders, subject to the pro-rata limitation. The price per share used to calculate the number of shares to be issued in lieu of cash was $2.3329. Mr. R. Paylor received 1,378 shares of common stock of the Fund in connection with the July 2024 Distribution.

SEC source: 0001398344-24-012773 · fp0089233-5.xml · nonDerivative · entry 1

Herzfeld Erik Mervin · CIK 0001413260 · President · Portfolio Manager

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 442,270

F1 · kind: On July 15, 2024, the Fund paid a quarterly distribution of $0.135375 per share to stockholders of record on June 3, 2024 in cash and shares of common stock (the "July 2024 Distribution"). The July 2024 Distribution was paid in cash or shares of the Fund's common stock at the election of stockholders with the total amount of cash distributed to all stockholders limited to 20% of the total distribution to be paid, excluding any cash paid for fractional shares. The remainder of the July 2024 Distribution (approx. 80%) was paid in the form of shares of the Fund's common stock. The exact distribution of cash and stock to any given stockholder was dependent upon their election as well as elections of other stockholders, subject to the pro-rata limitation. The price per share used to calculate the number of shares to be issued in lieu of cash was $2.3329. Mr. E. Herzfeld received 18,193 shares of common stock of the Fund in connection with the July 2024 Distribution.

SEC source: 0001398344-24-012771 · fp0089233-4_4.xml · nonDerivative · entry 1

HERZFELD THOMAS J · CIK 0001310710 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,590,111

F1 · kind: On July 15, 2024, the Fund paid a quarterly distribution of $0.135375 per share to stockholders of record on June 3, 2024 in cash and shares of common stock (the "July 2024 Distribution"). The July 2024 Distribution was paid in cash or shares of the Fund's common stock at the election of stockholders with the total amount of cash distributed to all stockholders limited to 20% of the total distribution to be paid, excluding any cash paid for fractional shares. The remainder of the July 2024 Distribution (approx. 80%) was paid in the form of shares of the Fund's common stock. The exact distribution of cash and stock to any given stockholder was dependent upon their election as well as elections of other stockholders, subject to the pro-rata limitation. The price per share used to calculate the number of shares to be issued in lieu of cash was $2.3329. Mr. T. Herzfeld received 72,500 shares of common stock of the Fund in connection with the July 2024 Distribution.

SEC source: 0001398344-24-009517 · fp0088371-4_4.xml · nonDerivative · entry 1

Paylor Ryan M · CIK 0001767956 · Portfolio Manager

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 23,756

F1 · kind: On May 10, 2024, the Fund paid a quarterly distribution of $0.135375 per share to shareholders of record on Mar. 27, 2024 in cash and shares of common stock (the "Fiscal Q4 Distribution"). The Fiscal Q4 Distribution was paid in cash or shares of the Fund's common stock at the election of stockholders with the total amount of cash distributed to all stockholders limited to 20% of the total distribution to be paid, excluding any cash paid for fractional shares. The remainder of the Fiscal Q4 Distribution (approx. 80%) was paid in the form of shares of the Fund's common stock. The exact distribution of cash and stock to any given stockholder was dependent upon their election as well as elections of other stockholders, subject to the pro-rata limitation. The price per share used to calculate the number of shares to be issued in lieu of cash was $2.4067. Mr. R. Paylor received 1,049 shares of common stock of the Fund in connection with the Fiscal Q4 Distribution.

SEC source: 0001398344-24-009516 · fp0088371-5_4.xml · nonDerivative · entry 1

TATUM KAY W · CIK 0001416189 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 4,821

F1 · kind: On May 10, the Fund paid a quarterly distribution of $0.135375 per share to shareholders of record on Mar. 27, 2024 in cash and shares of common stock (the "Fiscal Q4 Distribution"). The Fiscal Q4 Distribution was paid in cash or shares of the Fund's common stock at the election of stockholders with the total amount of cash distributed to all stockholders limited to 20% of the total distribution to be paid, excluding any cash paid for fractional shares. The remainder of the Fiscal Q4 Distribution (approx. 80%) was paid in the form of shares of the Fund's common stock. The exact distribution of cash and stock to any given stockholder was dependent upon their election as well as elections of other stockholders, subject to the pro-rata limitation. The price per share used to calculate the number of shares to be issued in lieu of cash was $2.4067. Ms. K. Tatum received 195 shares of common stock of the Fund in connection with the Fiscal Q4 Distribution.

SEC source: 0001398344-24-009515 · fp0088371-7_4.xml · nonDerivative · entry 1

Herzfeld Erik Mervin · CIK 0001413260 · President · Portfolio Manager

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 424,077

F1 · kind: On May 10, 2024, the Fund paid a quarterly distribution of $0.135375 per share to shareholders of record on Mar. 27, 2024 in cash and shares of common stock (the "Fiscal Q4 Distribution"). The Fiscal Q4 Distribution was paid in cash or shares of the Fund's common stock at the election of stockholders with the total amount of cash distributed to all stockholders limited to 20% of the total distribution to be paid, excluding any cash paid for fractional shares. The remainder of the Fiscal Q4 Distribution (approx. 80%) was paid in the form of shares of the Fund's common stock. The exact distribution of cash and stock to any given stockholder was dependent upon their election as well as elections of other stockholders, subject to the pro-rata limitation. The price per share used to calculate the number of shares to be issued in lieu of cash was $2.4067. Mr. E. Herzfeld received 17,196 shares of common stock of the Fund in connection with the Fiscal Q4 Distribution.

SEC source: 0001398344-24-009514 · fp0088371-6_4.xml · nonDerivative · entry 1

Gelety John A · CIK 0001560467 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 6,082

F1 · kind: On May 10, 2024, the Fund paid a quarterly distribution of $0.135375 per share to shareholders of record on Mar. 27, 2024 in cash and shares of common stock (the "Fiscal Q4 Distribution"). The Fiscal Q4 Distribution was paid in cash or shares of the Fund's common stock at the election of stockholders with the total amount of cash distributed to all stockholders limited to 20% of the total distribution to be paid, excluding any cash paid for fractional shares. The remainder of the Fiscal Q4 Distribution (approx. 80%) was paid in the form of shares of the Fund's common stock. The exact distribution of cash and stock to any given stockholder was dependent upon their election as well as elections of other stockholders, subject to the pro-rata limitation. The price per share used to calculate the number of shares to be issued in lieu of cash was $2.4067. Mr. J. Gelety received 323 shares of common stock of the Fund in connection with the Fiscal Q4 Distribution.

SEC source: 0001398344-24-009512 · fp0088371-3_4.xml · nonDerivative · entry 1

HERZFELD THOMAS J · CIK 0001310710 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,517,611

F1 · kind: On May 10, 2024, the Fund paid a quarterly distribution of $0.135375 per share to shareholders of record on Mar. 27, 2024 in cash and shares of common stock (the "Fiscal Q4 Distribution"). The Fiscal Q4 Distribution was paid in cash or shares of the Fund's common stock at the election of stockholders with the total amount of cash distributed to all stockholders limited to 20% of the total distribution to be paid, excluding any cash paid for fractional shares. The remainder of the Fiscal Q4 Distribution (approx. 80%) was paid in the form of shares of the Fund's common stock. The exact distribution of cash and stock to any given stockholder was dependent upon their election as well as elections of other stockholders, subject to the pro-rata limitation. The price per share used to calculate the number of shares to be issued in lieu of cash was $2.4067. Mr. T. Herzfeld received 61,542 shares of common stock of the Fund in connection with the Fiscal Q4 Distribution.

SEC source: 0001398344-24-009513 · fp0088371-8_4.xml · nonDerivative · entry 1

GONDOR CECILIA L · CIK 0001312266 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 40,235

F1 · kind: On May 10, 2024, the Fund paid a quarterly distribution of $0.135375 per share to shareholders of record on Mar. 27, 2024 in cash and shares of common stock (the "Fiscal Q4 Distribution"). The Fiscal Q4 Distribution was paid in cash or shares of the Fund's common stock at the election of stockholders with the total amount of cash distributed to all stockholders limited to 20% of the total distribution to be paid, excluding any cash paid for fractional shares. The remainder of the Fiscal Q4 Distribution (approx. 80%) was paid in the form of shares of the Fund's common stock. The exact distribution of cash and stock to any given stockholder was dependent upon their election as well as elections of other stockholders, subject to the pro-rata limitation. The price per share used to calculate the number of shares to be issued in lieu of cash was $2.4067. Ms. C. Gondor received 1,631 shares of common stock of the Fund in connection with the Fiscal Q4 Distribution.

SEC source: 0001398344-24-009511 · fp0088371-2_4.xml · nonDerivative · entry 1

LIEFF ANN S · CIK 0000901690 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 34,364

F1 · kind: On May 10, 2024, the Fund paid a quarterly distribution of $0.135375 per share to shareholders of record on Mar. 27, 2024 in cash and shares of common stock (the "Fiscal Q4 Distribution"). The Fiscal Q4 was paid in cash or shares of the Fund's common stock at the election of stockholders with the total amount of cash distributed to all stockholders limited to 20% of the total distribution to be paid, excluding any cash paid for fractional shares. The remainder of the Fiscal Q4 Distribution (approx. 80%) was paid in the form of shares of the Fund's common stock. The exact distribution of cash and stock to any given stockholder was dependent upon their election as well as elections of other stockholders, subject to the pro-rata limitation. The price per share used to calculate the number of shares to be issued in lieu of cash was $2.4067. Ms. A. Lieff received 1,830 shares of common stock of the Fund in connection with the Fiscal Q4 Distribution.

SEC source: 0001398344-24-007175 · fp0088090-1_4.xml · nonDerivative · entry 1

Paylor Ryan M · CIK 0001767956 · Portfolio Manager

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 22,706

SEC source: 0001398344-24-006279 · fp0087658-3.xml · nonDerivative · entry 1

Herzfeld Erik Mervin · CIK 0001413260 · President · Portfolio Manager

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 407,002

F1 · balance_after: The amount reported represents the estimated number of shares tendered to The Herzfeld Caribbean Basin Fund, Inc. (the "Fund") in connection with the issuer tender offer by the Fund pursuant to the Tender Offer Statement on Schedule TO filed with the Securities and Exchange Commission on February 20, 2024 (the "Tender Offer"). The Fund will purchase only a prorated portion of the shares properly tendered by each tendering stockholder. Based on a preliminary count reported by the Fund, the preliminary proration factor is 13.59%. If necessary, an amended Form 4 will be filed to report the number of shares actually disposed of by the reporting person in connection with the Tender Offer once the final proration factor is determined.

SEC source: 0001398344-24-006278 · fp0087658-4_4.xml · nonDerivative · entry 1

Gelety John A · CIK 0001560467 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 5,760

F1 · balance_after: The amount reported represents the estimated number of shares tendered to The Herzfeld Caribbean Basin Fund, Inc. (the "Fund") in connection with the issuer tender offer by the Fund pursuant to the Tender Offer Statement on Schedule TO filed with the Securities and Exchange Commission on February 20, 2024 (the "Tender Offer"). The Fund will purchase only a prorated portion of the shares properly tendered by each tendering stockholder. Based on a preliminary count reported by the Fund, the preliminary proration factor is 13.59%. If necessary, an amended Form 4 will be filed to report the number of shares actually disposed of by the reporting person in connection with the Tender Offer once the final proration factor is determined.

SEC source: 0001398344-24-006275 · fp0087658-2_4.xml · nonDerivative · entry 1

HERZFELD THOMAS J · CIK 0001310710 · Director · Portfolio Manager

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,456,498

F1 · balance_after: The amount reported represents the estimated number of shares tendered to The Herzfeld Caribbean Basin Fund, Inc. (the "Fund") in connection with the issuer tender offer by the Fund pursuant to the Tender Offer Statement on Schedule TO filed with the Securities and Exchange Commission on February 20, 2024 (the "Tender Offer"). The Fund will purchase only a prorated portion of the shares properly tendered by each tendering stockholder. Based on a preliminary count reported by the Fund, the preliminary proration factor is 13.59%. If necessary, an amended Form 4 will be filed to report the number of shares actually disposed of by the reporting person in connection with the Tender Offer once the final proration factor is determined.

SEC source: 0001398344-24-006272 · fp0087658-1_4.xml · nonDerivative · entry 1

Paylor Ryan M · CIK 0001767956 · Portfolio Manager

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 18,657

F1 · balance_after: The amount reported represents the estimated number of shares tendered to The Herzfeld Caribbean Basin Fund, Inc. (the "Fund") in connection with the issuer tender offer by the Fund pursuant to the Tender Offer Statement on Schedule TO filed with the Securities and Exchange Commission on February 20, 2024 (the "Tender Offer"). The Fund will purchase only a prorated portion of the shares properly tendered by each tendering stockholder. Based on a preliminary count reported by the Fund, the preliminary proration factor is 13.59%. If necessary, an amended Form 4 will be filed to report the number of shares actually disposed of by the reporting person in connection with the Tender Offer once the final proration factor is determined.

SEC source: 0001398344-24-006431 · fp0087690-2_4.xml · nonDerivative · entry 1

HERZFELD THOMAS J · CIK 0001310710 · Director · Portfolio Manager

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,456,069

F1 · balance_after: The amount reported represents the estimated number of shares tendered to The Herzfeld Caribbean Basin Fund, Inc. (the "Fund") in connection with the issuer tender offer by the Fund pursuant to the Tender Offer Statement on Schedule TO filed with the Securities and Exchange Commission on February 20, 2024 (the "Tender Offer"). The final proration factor for the Tender Offer is 13.615645%.