MIAMI BEACH, Fla., Oct. 03, 2024 (GLOBE NEWSWIRE) -- Thomas J. Herzfeld Advisors, Inc., an SEC-registered investment advisor, today announced its intention to commence a Tender Offer by The Herzfeld Caribbean Basin Fund, Inc. (Nasdaq: CUBA) (the 'Fund”) on October 14, 2024, in accordance with the Fund's ongoing plan to address the Fund's trading price discount to its net asset value ('NAV”) per share that was previously announced on May 31, 2019, and subsequently modified and extended to June 30, 2025 by the Fund's Board of Directors as announced in May 2024 (the 'Plan”).