THOMAS J. HERZFELD ADVISORS, INC. Information

119 WASHINGTON AVENUE, SUITE 504, MIAMI BEACH, Florida, 33139, (305) 271-1900

Report Date: 06/30/2014

Position Statistics

Total Positions 333
New Positions 49
Increased Positions 110
Decreased Positions 105
Positions with Activity 215
Sold Out Positions 47
Total Mkt Value (in $ millions) 175

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials 0.91%
Capital Goods 3.32%
Conglomerates 0.78%
Consumer Cyclical 0%
Consumer/Non-Cyclical 3.86%
Energy
Financial 78.96%
Healthcare 0.59%
Services 4.9%
Technology
Transportation 2.03%
Utilities 1.12%

333 Positions as of 06/30/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
FIRST OPPORTUNITY FD INC COM 6,100 168 2.84 624,383
VIRTUS TOTAL RETURN FD COM 6,024 240 4.14 1,239,451
PETROLEUM & RES CORP COM 5,490 140 2.61 177,793
ALPINE TOTAL DYNAMIC DIVID FD COM SH BEN INT N 5,118 -154 (2.93) 575,069
ADAMS EXPRESS CO COM 5,077 127 2.56 358,526
TRI CONTL CORP COM 4,717 72 1.56 220,626
PIMCO DYNAMIC CR INCOME FD COM SHS 3,951 228 6.11 170,233
GENERAL AMERN INVS INC COM 3,410 266 8.46 89,166
RMR REAL ESTATE INCOME FUND COM 3,131 214 7.32 155,544
CLOUGH GLOBAL OPPORTUNITIES FD SH BEN INT 2,895 260 9.87 228,131
OXFORD LANE CAP CORP PFD SHS SER 2023 2,805 592 26.77 114,491
ALPINE GLOBAL DYNAMIC DIVD FD COM NEW 2,774 -70 (2.47) 266,765
FEDERATED ENHANC TREAS INCM FD COM SH BEN INT 2,753 -151 (5.2) 203,617
LIBERTY ALL STAR EQUITY FD SH BEN INT 2,566 132 5.44 426,285
BLACKROCK CR ALLCTN INC TR COM 2,419 1 .06 178,544
NUVEEN DIVID ADV MUN FD 3 COM SH BEN INT 2,379 169 7.67 169,228
HERZFELD CARIBBEAN BASIN FD COM 2,335 -54 (2.28) 282,652
COHEN & STEERS INFRASTRUCTURE COM 2,270 1 .03 92,773
COPA HOLDINGS SA CL A 2,143 -78 (3.52) 17,200
COCA COLA FEMSA S A B DE C V SPON ADR REP L 2,143 New 19,602