The Fund today announced that Thomas J. Herzfeld, Chairman of the Board of Directors has resigned from the Board as of December 31, 2024. Mr. Herzfeld has also resigned as Portfolio Manager for the Fund effective as of the same date. Mr. Herzfeld has held the position of Chairman since the Fund’s launch in 1994. He will retain the position of Chairman Emeritus and participate in board meetings on a non-voting basis. The Board has elected Cecilia Gondor to serve as Chairperson effective December 31, 2024. Ms. Gondor has served on the Board of Directors since 2014. She also served as Executive Vice President of Thomas J. Herzfeld Advisors, Inc. In addition, the Board has named Brigitta Herzfeld to fill the board vacancy created by Mr. Herzfeld’s resignation. Ms. Herzfeld is a current member of the investment manager’s executive committee and will join the Board as of December 31, 2024.
Herzfeld Caribbean Basin Fd
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