Herzfeld Caribbean Basin Fund Inc Overview
Pro stress-test →Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) is a publicly traded closed-end fund in the finance and insurance sector. The fund announced a significant transformation in July 2025, changing its name to Herzfeld Credit Income Fund and its ticker symbol to HERZ, following stockholder approval on June 17, 2025, for converting the fund's investment strategy to a CLO Equity Strategy.
Strategic Profile
Pro stress-test →The fund's investment approach concentrates on equity and junior debt tranches of Collateralized Loan Obligations (CLOs), which consist of below investment grade U.S. senior secured loans across diverse industry sectors. Under the new strategy, the Fund's primary investment objective is a total return strategy with a secondary objective of generating high current income for stockholders.
Competitive Landscape
Pro stress-test →Herzfeld competes with other income-focused closed-end funds and CLO equity vehicles. As a micro-cap vehicle, it operates in a niche segment with limited direct competition but faces competitive pressure from larger, more liquid closed-end fund complexes managing similar CLO strategies and from retail income alternatives like dividend-focused ETFs.
Industry Context
Herzfeld Caribbean Basin Fund Inc operates in Closed-end funds / Managed funds.
Key facts
Founded: 1992 · Headquarters: Miami Beach, Florida · Employees: N/A · Revenue: N/A · Market cap: $39.7M