Filing Details
- Accession Number:
- 0001072613-20-000339
- Form Type:
- 13G Filing
- Publication Date:
- 2020-10-09 16:07:09
- Filed By:
- City Of London Investment Management Co Ltd
- Company:
- Herzfeld Caribbean Basin Fund Inc (NASDAQ:CUBA)
- Filing Date:
- 2020-10-09
- SEC Url:
- 13G Filing
Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| City of London Investment Management Company Limited, a company incorporated under the laws of England and Wales | 175,000 | 0 | 175,000 | 0 | 175,000 | 2.9% |
| CUSIP No. 42804T106 | 13G | Page 2 of 6 Pages |
| 1. | NAME OF REPORTING PERSONS | | | ||
| I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS | | | |||
| City of London Investment Management Company Limited, a company incorporated under the laws of England and Wales | | | |||
| | | ||||
| 2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | ||||
| (a)☐ | |||||
| (b)☐ | | | |||
| 3. | SEC USE ONLY | | | ||
| | | | |||
| | | ||||
| 4. | CITIZENSHIP OR PLACE OF ORGANIZATION | | | ||
| England and Wales | | | |||
| | | ||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5. | SOLE VOTING POWER | | | |
| 175,000 | | | |||
| | | ||||
| 6. | SHARED VOTING POWER | | | ||
| 0 | | | |||
| | | ||||
| 7. | SOLE DISPOSITIVE POWER | | | ||
| 175,000 | | | |||
| | | ||||
| 8. | SHARED DISPOSITIVE POWER | | | ||
| 0 | | | |||
| | | ||||
| 9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | | | ||
| 175,000 | | | |||
| | | ||||
| 10. | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | | | ||
| ☐ | | | |||
| | | ||||
| 11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | | | ||
| 2.9% | | | |||
| | | ||||
| 12. | TYPE OF REPORTING PERSON | | | ||
| IA | | | |||
| | | ||||
| CUSIP No. 42804T106 | 13G | Page 3 of 6 Pages |
| Item 1(a). | Name of Issuer: |
| Item 1(b). | Address of Issuer's Principal Executive Offices: |
| Item 2(a). | Name of Person Filing: |
This statement is being filed by City of London Investment Management Company Limited (“CLIM” or the “Reporting Person”). CLIM is a fund manager, which specializes in investing in closed-end investment companies and is a registered investment adviser under Section 203 of the Investment Advisers Act of 1940. CLIM is controlled by City of London Investment Group plc (“CLIG”), which is listed on the London Stock Exchange. However, in accordance with SEC Release No. 34-39538 (January 12, 1998), effective informational barriers have been established between CLIM and CLIG such that voting and investment power over the subject securities is exercised by CLIM independently of CLIG, and, accordingly, attribution of beneficial ownership is not required between CLIM and CLIG.
CLIM is principally engaged in the business of providing investment advisory services to various public and private investment funds, including The Frontier Emerging Markets Fund (“FRONT”), a private investment fund organized as a Delaware business trust.
FRONT is referred to herein as the “City of London Fund.”
The Shares to which this Schedule 13G relates are owned directly by the City of London Fund.
| Item 2(b). | Address of Principal Business Office or, if None, Residence: |
| CUSIP No. 42804T106 | 13G | Page 4 of 6 Pages |
| Item 2(c). | Citizenship: |
| Item 2(d). | Title of Class of Securities: |
| Item 2(e). | CUSIP Number: |
| Item 3. | If This Statement is Filed Pursuant to §§240.13d-1(b), or 240.13d-2 (b) or (c), Check Whether the Person Filing is a: |
| (a) | ☐ | Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). |
| (b) | ☐ | Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). |
| (c) | ☐ | Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c). |
| (d) | ☐ | Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). |
| (e) | ☒ | An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E) (for CLIM); |
| (f) | ☐ | An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); |
| (g) | ☐ | A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G) (for CLIG); |
| (h) | ☐ | A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); |
| (i) | ☐ | A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); |
| (j) | ☐ | Group, in accordance with §240.13d-1(b)(1)(ii)(J). |
| CUSIP No. 42804T106 | 13G | Page 5 of 6 Pages |
| Item 4. | Ownership. |
| Item 5. | Ownership of Five Percent or Less of a Class. |
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ☒.
| Item 6. | Ownership of More than Five Percent on Behalf of Another Person. |
| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. |
| Item 8. | Identification and Classification of Members of the Group. |
| Item 9. | Notice of Dissolution of Group. |
| Item 10. | Certification. |
| CUSIP No. 42804T106 | 13G | Page 6 of 6 Pages |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
| CITY OF LONDON INVESTMENT MANAGEMENT COMPANY LIMITED | |||
| By: | /s/ Jocelyn Inger | ||
| Name: Jocelyn Inger | |||
| Title: Chief Compliance Officer-US | |||