Herzfeld Caribbean Basin Fund Rises Amid Diplomatic Talks In Havana

Herzfeld Caribbean Basin Fund, Inc CUBA surged 6 percent Wednesday morning amid historic diplomatic meetings in Havana between U.S. and Cuban officials.

The fund gave back some of its gains later in the day as Reuters reported that over “Havana's objections, the Americans vowed to continue granting Cuban immigrants special status that allows nearly every Cuban reaching U.S. soil to remain in the country, while nationals of other countries are deported if they arrive under similar circumstances.”

"We explained to the Cuban government that our government is completely committed to upholding the Cuban Adjustment Act, that the sets of migration-related policies that are colloquially known as wet foot/dry foot very much remain in effect," State Department official Alex Lee, who led the immigration talks for the Americans, told reporters.

Herzfeld Caribbean Basin Fund, Inc recently traded at $9.16, up 2.54 percent.