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 331
New Positions 48
Increased Positions 109
Decreased Positions 105
Positions with Activity 214
Sold Out Positions 47
Total Mkt Value (in $ millions) 173

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

Sector Weighting

Basic Materials 0.85%
Capital Goods 3.42%
Conglomerates 0.78%
Consumer Cyclical 0%
Consumer/Non-Cyclical 3.82%
Energy
Financial 77.32%
Healthcare 0.57%
Services 5.14%
Technology
Transportation 2.01%
Utilities 1.15%

331 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 6,150 170 2.84 624,383
VIRTUS TOTAL RETURN FD COM 5,925 236 4.14 1,239,451
PETROLEUM & RES CORP COM 5,309 135 2.61 177,793
ALPINE TOTAL DYNAMIC DIVID FD COM SH BEN INT N 5,124 -154 (2.93) 575,069
ADAMS EXPRESS CO COM 5,102 127 2.56 358,526
TRI CONTL CORP COM 4,673 72 1.56 220,626
PIMCO DYNAMIC CR INCOME FD COM SHS 3,864 223 6.11 170,233
GENERAL AMERN INVS INC COM 3,387 264 8.46 89,166
RMR REAL ESTATE INCOME FUND COM 2,999 205 7.32 155,544
CLOUGH GLOBAL OPPORTUNITIES FD SH BEN INT 2,827 254 9.87 228,131
OXFORD LANE CAP CORP PFD SHS SER 2023 2,776 586 26.77 114,491
ALPINE GLOBAL DYNAMIC DIVD FD COM NEW 2,745 -69 (2.47) 266,765
FEDERATED ENHANC TREAS INCM FD COM SH BEN INT 2,741 -150 (5.2) 203,617
LIBERTY ALL STAR EQUITY FD SH BEN INT 2,562 132 5.44 426,285
DIVERSIFIED REAL ASSET INC FD COM SHS 2,481 122 5.18 141,672
BLACKROCK CR ALLCTN INC TR COM 2,364 1 .06 178,544
NUVEEN DIVID ADV MUN FD 3 COM SH BEN INT 2,362 168 7.67 169,228
HERZFELD CARIBBEAN BASIN FD COM 2,292 -53 (2.28) 282,652
COHEN & STEERS INFRASTRUCTURE COM 2,174 1 .03 92,773
PUTNAM PREMIER INCOME TR SH BEN INT 2,172 116 5.66 393,546