Herzfeld Caribbean Basin Fund Files Preliminary Proxy Materials for Investment Strategy Change to CLO Equity Strategy
The Herzfeld Caribbean Basin Fund plans to change its investment strategy and hold a special shareholder meeting on June 17, 2025.
Quiver AI Summary
The Herzfeld Caribbean Basin Fund, Inc. has filed preliminary proxy materials with the U.S. Securities and Exchange Commission for a special meeting of stockholders scheduled for June 17, 2025. The meeting aims to approve a shift in the Fund’s investment strategy to focus on a “CLO Equity Strategy,” emphasizing total return and high current income through investments in equity and junior debt tranches of collateralized loan obligations (CLOs). Stockholders will vote on three key proposals, including changes to the investment advisory agreement, the primary…
