SOURCE: THE HERZFELD CARIBBEAN BASIN FUND, INC.

May 07, 2008 10:17 ET

Thomas J. Herzfeld Inc.: Herzfeld Advisors Performance Hits Landmark -- Up 500%

MIAMI, FL--(Marketwire - May 7, 2008) - Thomas J. Herzfeld Advisors, Inc. is pleased to announce that as of last night's close, the firm's Managed Account Programs which invest exclusively in closed-end funds made an all-time high at $3,600,014 (per unit) vs. $600,000 at inception. The program consists of a total of six Managed Portfolios, each of which has a different objective; each was funded with $100,000 at inception. Performance for one unit in all of the six programs is ahead 500% from inception, and up 2.14% so far in 2008 (unaudited, after all fees and commissions) -- the Dow Jones Industrial Average declined 1.84% over the same time period.

These are actual account programs for our clients, every trade is published in our monthly research report, The Investor's Guide to Closed-End Funds, and subscribers may participate in the programs. For further information please call 305-271-1900.

About Thomas J. Herzfeld Advisors, Inc.

Thomas J. Herzfeld Advisors, Inc. (an investment advisor) and its affiliate Thomas J. Herzfeld & Co., Inc. (a broker dealer formed in 1981) are based in Miami. Both firms specialize in the field of closed-end funds. The HERZFELD/CUBA division of Thomas J. Herzfeld Advisors, Inc. is also the investment advisor to The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA). Please visit our website at: www.herzfeld.com for more information about our services and expertise.

Past performance is not an indication of future results.

Managed Portfolio I (balanced/flexible/hedges) commenced on 3/24/87; Managed Portfolio II (bond and income funds) commenced on 12/1/89; Managed Portfolio III (foreign funds) commenced on 9/17/90; Managed Portfolio IV (U.S. equity funds) commenced on 12/14/90; Managed Portfolio V (tax-free income funds) commenced on 11/5/92; Managed Portfolio VI (special provisions) commenced on 4/30/96.

Contact Information

  • For further information contact:
    Cecilia L. Gondor
    305-271-1900