MIAMI, FL--(Marketwire - Oct 8, 2012) -  The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) (Cusip: 42804T106) announced that the net asset value of the Fund as of October 5, 2012, was $8.55 per share, which represents a new high. As of the Oct. 5 close, the net asset value of the fund is up 19.25% calendar year-to-date. From inception on September 10, 1993, the net asset value is up 155.82% (performance figures adjusted for distributions).

The Fund's share price is up 16.04% calendar year-to-date through October 5, 2012*. As of the close on that date, the share price of the Fund was $7.45 per share. From inception in September 10, 1993, the share price is up 124.82% (performance figures adjusted for distributions).

*This information is not intended to be a buy or sell recommendation. Past performance is not an indication of future results; figures above are unaudited.

About the Herzfeld Caribbean Basin Fund

The Herzfeld Caribbean Basin Fund, Inc. is a closed-end fund managed by HERZFELD/CUBA, a division of Thomas J. Herzfeld Advisors, Inc. The Fund seeks long-term capital appreciation. To achieve its objective the Fund invests in issuers that are likely, in the Advisor's view, to benefit from economic, political, structural and technological developments in the countries in the Caribbean Basin, which the Fund considers to consist of Cuba, Jamaica, Trinidad and Tobago, the Bahamas, the Dominican Republic, Barbados, Aruba, Haiti, the Netherlands Antilles, the Commonwealth of Puerto Rico, Mexico, Honduras, Guatemala, Belize, Costa Rica, Panama, Colombia, Venezuela and the United States. There can be no assurance that this objective will be met.

About Thomas J. Herzfeld Advisors

Thomas J. Herzfeld Advisors (, Inc., formed in 1984, is a registered investment advisor based in Miami specializing in closed-end fund investment strategies for institutions and individuals. Herzfeld Advisors manages The Virtus Herzfeld Fund (Class A: VHFCX), an open-end mutual fund focused on closed-end fund strategies, as subadviser to Virtus Investment Partners. The firm publishes monthly research on closed-end funds and calculates the Herzfeld Closed-End Average, an index of price performance and premium/discount levels of representative domestic U.S. equity closed-end funds, published weekly in Barron's.

Information about the advisor and the Fund can be found at Information about research published by Thomas J. Herzfeld Advisors, Inc is available at

Investors should consider the Fund's investment objectives, risks, charges and expenses carefully before investing. This and additional information about the Herzfeld Caribbean Basin Fund, Inc. may be obtained by calling 305-271-1900. Investing in the Fund involves risk, including possible loss of principal. 

Closed-end funds generally have a one-time initial public offering and then are subsequently traded on the secondary market through one of the stock exchanges. The investment return and principal value will fluctuate so that an investor's shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the net asset value (NAV) of the fund's portfolio. There is no assurance that a fund will achieve its investment objective. Past performance does not guarantee future results. Closed end funds that specialize in single geographic region may carry additional risks.

The above is for information purposes only and should not be considered as an offer, or solicitation, to deal in any of the investments mentioned herein. Thomas J. Herzfeld Advisors, Inc. does not warrant the accuracy, adequacy or completeness of the information and materials contained in this document and expressly disclaims liability for errors or omissions in such information and materials.

Contact Information:

For further information contact:
Michael Wichman
Dooley Wichman Communication
(917) 526-0855