THOMAS J. HERZFELD ADVISORS, INC. Information

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

Report Date: 03/31/2015

Position Statistics

Total Positions 323
New Positions 18
Increased Positions 134
Decreased Positions 90
Positions with Activity 224
Sold Out Positions 32
Total Mkt Value (in $ millions) 208

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

Sector Weighting

Basic Materials 0.53%
Capital Goods 4.03%
Conglomerates 1.23%
Consumer Cyclical 0.04%
Consumer/Non-Cyclical 1.92%
Energy 0.06%
Financial 72.38%
Healthcare 0.49%
Services 5.19%
Technology 0.03%
Transportation 2.63%
Utilities 1.4%

323 Positions as of 03/31/2015

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
BOULDER GROWTH & INCOME FD INC COM 11,575 1,256 12.18 1,374,708
OXFORD LANE CAP CORP PFD SHS SER 2023 10,724 2,732 34.18 448,896
OXFORD LANE CAP CORP LIQUIDAT PREF 8,130 3,416 72.46 324,298
TEKLA HEALTHCARE OPPORTUNIT FD SHS 6,948 2,612 60.24 354,650
ADAMS DIVERSIFIED EQUITY FD COM 5,914 317 5.66 425,479
BLACKROCK SCIENCE & TECH TR SHS 5,534 3,139 131.04 312,658
PIMCO DYNAMIC CR INCOME FD COM SHS 5,348 282 5.56 268,319
VIRTUS TOTAL RETURN FD COM 4,871 86 1.79 1,104,454
ALPINE TOTAL DYNAMIC DIVID FD COM SH BEN INT N 4,817 -104 (2.12) 560,722
TRI CONTL CORP COM 4,425 -57 (1.28) 210,010
ADAM NAT RES FD INC COM 4,033 -149 (3.57) 181,238
HERZFELD CARIBBEAN BASIN FD COM 3,935 New 405,210
CLOUGH GLOBAL OPPORTUNITIES FD SH BEN INT 3,736 74 2.03 310,020
KAYNE ANDERSON MDSTM ENERGY FD COM 3,518 534 17.91 120,029
LIBERTY ALL STAR EQUITY FD SH BEN INT 3,451 303 9.61 603,366
GENERAL AMERN INVS INC COM 3,260 -52 (1.56) 93,924
FEDERATED ENHANC TREAS INCM FD COM SH BEN INT 3,173 415 15.06 239,827
COPA HOLDINGS SA CL A 3,080 New 37,800
SALIENT MIDSTREAM & MLP FD SH BEN INT 2,866 193 7.23 142,397
TORTOISE PIPELINE & ENERGY FD COM 2,759 398 16.86 108,094