Jorge Mas Canosa

Shares of the Herzfeld Caribbean Basin Fund, Inc (NASDAQ: CUBA) were up 8 percent on Wednesday after U.S. President Barack Obama made public his plans to “formally reestablish diplomatic relations with the Republic of Cuba.” Consequently, Obama announced that both countries will...

Managed by Thomas Herzfeld, the Herzfeld Caribbean Basin Fund, Inc (NASDAQ: CUBA) invests in several companies in the Caribbean, but focuses mostly on U.S. companies that capitalize on Caribbean progress. It should be noted, though, that the ticker under which it trades is somewhat misleading,...