Edgar Filing: HERZFELD CARIBBEAN BASIN FUND INC

fp0005159_npx.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT

INVESTMENT COMPANY

Investment Company Act file number 811-06445

The Herzfeld Caribbean Basin Fund, Inc.

(Exact name of registrant as specified in charter)

119 Washington Ave, Suite 504, Miami, FL	33139
(Address of principal executive offices)	(Zip code)

(Name and address of agent for service)

Registrant's telephone number, including area code: 305-271-1900

Date of fiscal year end: 6/30

Date of reporting period: year-ended 6/30/12

Form N-PX is to be used by a registered management investment company, other than a small business investment company registered on Form N-5 (ss.ss. 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than August 31 of each year, containing the registrant's proxy voting record for the most recent twelve-month period ended June 30, pursuant to section 30 of the Investment Company Act of 1940 and rule 30b1-4 thereunder (17 CFR 270.30b1-4). The Commission may use the information provided on Form N-PX in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-PX, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-PX unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. ss. 3507.

SEC 2451 (4-03)

Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

ITEM 1. PROXY VOTING RECORD:

Vote Summary
ULTRAPETROL (BAHAMAS) LIMITED
Security	P94398107	Meeting Type	Annual
Ticker Symbol	ULTR	Meeting Date	10/19/2011
ISIN	BSP943981071	Vote Deadline Date	10/18/2011
Agenda	933509424 - Management	Total Ballot Shares	28000
Last Vote Date	9/23/2011
Item	Proposal	Proponent	Recommendation	For	Against	Abstain	Take No Action
01	Approve Financial Statements, Allocation of Income, and Discharge Directors	Management	For	28000	0	0	0
2A	Election of Directors (Majority Voting)	Management	For	28000	0	0	0
2B	Election of Directors (Majority Voting)	Management	For	28000	0	0	0
2C	Election of Directors (Majority Voting)	Management	For	28000	0	0	0
2D	Election of Directors (Majority Voting)	Management	For	28000	0	0	0
2E	Election of Directors (Majority Voting)	Management	For	28000	0	0	0
2F	Election of Directors (Majority Voting)	Management	For	28000	0	0	0
03	Approve Previous Board's Actions	Management	For	28000	0	0	0
SIDERURGICA VENEZOLANA "SIVENSA", S.A.
Security	825865603	Meeting Type	Special
Ticker Symbol	SDNVY	Meeting Date	10/24/2011
ISIN	US8258656037	Vote Deadline Date	10/18/2011
Agenda	933516366 - Management	Total Ballot Shares	895
Last Vote Date	10/14/2011
Item	Proposal	Proponent	Recommendation	For	Against	Abstain	Take No Action
01	Dividends	Management	None	895	0	0	0
SIDERURGICA VENEZOLANA "SIVENSA", S.A.
Security	825865702	Meeting Type	Special
Ticker Symbol	SDNWY	Meeting Date	10/24/2011
ISIN	US8258657027	Vote Deadline Date	10/18/2011
Agenda	933516366 - Management	Total Ballot Shares	79
Last Vote Date	10/14/2011
Item	Proposal	Proponent	Recommendation	For	Against	Abstain	Take No Action
01	Dividends	Management	None	79	0	0	0
BCB HOLDINGS LIMITED
Security	P09111108	Meeting Type	Ordinary General Meeting
Ticker Symbol		Meeting Date	10/26/2011
ISIN	BZP091111088	Vote Deadline Date	10/20/2011
Agenda	703402759 - Management	Total Ballot Shares	70348
Last Vote Date	10/24/2011
Item	Proposal	Proponent	Recommendation	For	Against	Abstain	Take No Action
1	Management Proposal	Management	For	70348	0	0	0
CMMT	PLEASE NOTE THAT THIS IS A REVISION DUE TO MODIFICATION IN RESOLUTION 1. IF YO-U HAVE ALREADY SENT IN YOUR VOTES, PLEASE DO NOT RETURN THIS PROXY FORM UNLESS-YOU DECIDE TO AMEND YOUR ORIGINAL INSTRUCTIONS. THANK YOU.	Non-Voting	None	Non-Voting
CEMEX SAB DE CV, GARZA GARCIA
Security	P2253T133	Meeting Type	Special General Meeting
Ticker Symbol		Meeting Date	11/14/2011
ISIN	MXP225611567	Vote Deadline Date	10/31/2011
Agenda	703367359 - Management	Total Ballot Shares	55790
Last Vote Date	10/10/2011
Item	Proposal	Proponent	Recommendation	For	Against	Abstain	Take No Action
I	Management Proposal	Management	For	55790	0	0	0
II	Management Proposal	Management	For	55790	0	0	0
III	Management Proposal	Management	For	55790	0	0	0
CEMEX, S.A.B. DE C.V.
Security	151290889	Meeting Type	Annual
Ticker Symbol	CX	Meeting Date	11/14/2011
ISIN	US1512908898	Vote Deadline Date	11/4/2011
Agenda	933518601 - Management	Total Ballot Shares	55438
Last Vote Date	10/24/2011
Item	Proposal	Proponent	Recommendation	For	Against	Abstain	Take No Action
01	Approve Article Amendments	Management	For	55438	0	0	0
02	Miscellaneous Corporate Actions	Management	For	55438	0	0	0
03	Approve Minutes of Previously Held Meeting	Management	For	55438	0	0	0
CUBAN ELECTRIC COMPANY
Security	229615109	Meeting Type	Annual
Ticker Symbol	CGAR	Meeting Date	11/18/2011
ISIN	US2296151093	Vote Deadline Date	11/17/2011
Agenda	933517368 - Management	Total Ballot Shares	700
Last Vote Date	10/24/2011
Item	Proposal	Proponent	Recommendation	For	Against	Abstain	Take No Action
01	Election of Directors	Management
1	MATTHEW BROAD	For	700	0	0	0
2	IRVING LITTMAN	For	700	0	0	0
3	DEBORAH O'CONNOR	For	700	0	0	0
SIDERURGICA VENEZOLANA "SIVENSA", S.A.
Security	825865603	Meeting Type	Annual
Ticker Symbol	SDNVY	Meeting Date	12/9/2011
ISIN	US8258656037	Vote Deadline Date	12/5/2011
Agenda	933532651 - Management	Total Ballot Shares	895
Last Vote Date	11/29/2011
Item	Proposal	Type	Recommendation	For	Against	Abstain	Take No Action
01	Amend Articles-Board Related	Management	None	895	0	0	0
02	Approve Financial Statements, Allocation of Income, and Discharge Directors	Management	None	895	0	0	0
03	Miscellaneous Corporate Actions	Management	None	895	0	0	0
04	Miscellaneous Corporate Actions	Management	None	895	0	0	0
05	Miscellaneous Corporate Actions	Management	None	895	0	0	0
SIDERURGICA VENEZOLANA "SIVENSA", S.A.
Security	825865702	Meeting Type	Annual
Ticker Symbol	SDNWY	Meeting Date	12/9/2011
ISIN	US8258657027	Vote Deadline Date	12/5/2011
Agenda	933532651 - Management	Total Ballot Shares	79
Last Vote Date	11/29/2011
Item	Proposal	Type	Recommendation	For	Against	Abstain	Take No Action
01	Amend Articles-Board Related	Management	None	79	0	0	0
02	Approve Financial Statements, Allocation of Income, and Discharge Directors	Management	None	79	0	0	0
03	Miscellaneous Corporate Actions	Management	None	79	0	0	0
04	Miscellaneous Corporate Actions	Management	None	79	0	0	0
05	Miscellaneous Corporate Actions	Management	None	79	0	0	0
PRICESMART, INC
Security	741511109	Meeting Type	Annual
Ticker Symbol	PSMT	Meeting Date	1/25/2012
ISIN	US7415111092	Vote Deadline Date	1/24/2012
Agenda	933533829 - Management	Total Ballot Shares	12000
Last Vote Date	12/2/2011
Item	Proposal	Type	Recommendation	For	Against	Abstain	Take No Action
01	Election of Directors	Management
1	SHERRY S. BAHRAMBEYGUI		For	12000	0	0	0
2	GONZALO BARRUTIETA		For	12000	0	0	0
3	KATHERINE L. HENSLEY		For	12000	0	0	0
4	LEON C. JANKS		For	12000	0	0	0
5	LAWRENCE B. KRAUSE		For	12000	0	0	0
6	JOSE LUIS LAPARTE		For	12000	0	0	0
7	MITCHELL G. LYNN		For	12000	0	0	0
8	ROBERT E. PRICE		For	12000	0	0	0
9	EDGAR ZURCHER		For	12000	0	0	0
02	14A Executive Compensation	Management	For	12000	0	0	0
03	14A Executive Compensation Vote Frequency	Management	3 Years	12000	0	0	0
CEMEX SAB DE CV, GARZA GARCIA
Security	P2253T133	Meeting Type	Annual General Meeting
Ticker Symbol		Meeting Date	2/23/2012
ISIN	MXP225611567	Vote Deadline Date	2/15/2012
Agenda	703589412 - Management	Total Ballot Shares	55790
Last Vote Date	2/2/2012
Item	Proposal	Type	Recommendation	For	Against	Abstain	Take No Action
I	Management Proposal	Management	For	55790	0	0	0
II	Management Proposal	Management	For	55790	0	0	0
III	Management Proposal	Management	For	55790	0	0	0
IV	Management Proposal	Management	For	55790	0	0	0
V	Management Proposal	Management	For	55790	0	0	0
VI	Management Proposal	Management	For	55790	0	0	0
VII	Management Proposal	Management	For	55790	0	0	0
CEMEX, S.A.B. DE C.V.
Security	151290889	Meeting Type	Annual
Ticker Symbol	CX	Meeting Date	2/23/2012
ISIN	US1512908898	Vote Deadline Date	2/17/2012
Agenda	933550003 - Management	Total Ballot Shares	55438
Last Vote Date	2/6/2012
Item	Proposal	Type	Recommendation	For	Against	Abstain	Take No Action
I	Approve Financial Statements, Allocation of Income, and Discharge Directors	Management	For	55438	0	0	0
II	Allot Relevant Securities	Management	For	55438	0	0	0
III	Amend Articles/Charter to Reflect Changes in Capital	Management	For	55438	0	0	0
IV	Miscellaneous Corporate Actions	Management	For	55438	0	0	0
V	Miscellaneous Corporate Actions	Management	For	55438	0	0	0
VI	Miscellaneous Compensation Plans	Management	For	55438	0	0	0
VII	Miscellaneous Corporate Actions	Management	For	55438	0	0	0
KIMBERLY-CLARK DE MEXICO SAB DE CV
Security	P60694117	Meeting Type	MIX
Ticker Symbol		Meeting Date	3/1/2012
ISIN	MXP606941179	Vote Deadline Date	2/24/2012
Agenda	703602587 - Management	Total Ballot Shares	6100
Last Vote Date
Item	Proposal	Type	Recommendation	For	Against	Abstain	Take No Action
CMMT	PLEASE NOTE THAT ONLY MEXICAN NATIONALS HAVE VOTING RIGHTS AT THIS MEETING.-IF YOU ARE A MEXICAN NATIONAL AND WOULD LIKE TO SUBMIT YOUR VOTE ON THIS-MEETING PLEASE CONTACT YOUR CLIENT SERVICE REPRESENTATIVE. THANK YOU	Non-Voting	None	Non-Voting
I	Proposal to cancel up to 13,966,800 common, nominative shares, with no par-value, that are class I, representative of the fixed portion of the share-capital, coming from the share repurchase program, which are held in the-treasury of the company, of which 7,285,500 are series A shares and 6,681,300-are series B shares. Resolutions in this regard	Non-Voting	None	Non-Voting
II	Proposal to change the number of shares without par value that currently-represent the share capital of the company, through a split, exchanging each-one of the shares in circulation for three new shares with the same- characteristics. Resolutions in this regard	Non-Voting	None	Non-Voting
III	Proposal to amend article 5 of the corporate bylaws of the company, to-reflect the corresponding decrease in the fixed portion of the share capital-resolved on in item I above and as a consequence of the share split that is-referred to in item II above. Resolutions in this regard	Non-Voting	None	Non-Voting
IV	Presentation and, if deemed appropriate, approval of the report from the-general director prepared in accordance with article 172 of the general-mercantile companies law, accompanied by the opinion of the outside auditor,-regarding the operations and results of the company for the fiscal year that-ended on December 31, 2011, as well as the opinion of the board of directors- regarding the content of said report, presentation and, if deemed-appropriate, approval of the report from the board of directors that is-report from the board of directors that is referred to in article 172, line-B, of the general mercantile companies law in which are contained the main- accounting and information policies and criteria followed in the preparation-of the financial information of the company, presentation and, if deemed-appropriate, CONTD	Non-Voting	None	Non-Voting
CONT	CONTD approval of the individual and consolidated financial statements of the-company to December 31, 2011, and allocation of the results from the fiscal-year, presentation and, if deemed appropriate, approval of the report- regarding the fulfillment of the fiscal obligations that are the-responsibility of the company, presentation and, if deemed appropriate,- approval of the annual report regarding the activities carried out by the-audit and corporate practices committee. Resolutions in this regard	Non-Voting	None	Non-Voting
V	Presentation and, if deemed appropriate, approval of the proposal from the-board of directors to pay a cash dividend, coming from the balance of the net-fiscal profit account, in the amount of MXN 1.20 per share, to each one of- the common, nominative shares, without par value, in circulation, of the-series A and B, after having carried out the split that is referred to in- item II of the agenda. Said dividend will be paid in four installments of MXN-0.30 per share, on the dates of April 3, July 5, October 4 and December 6,-2012. Resolutions in this regard	Non-Voting	None	Non-Voting
VI	Appointment and or ratification of the full and alternate members of the-board of directors, as well as of the chairperson of the audit and corporate-practices committee, classification regarding independence of the members of-the board of directors of the company, in accordance with that which is-established in article 26 of the securities market law. Resolutions in this-regard	Non-Voting	None	Non-Voting
VII	Remuneration for the full and alternate members of the board of directors and-of the various committees, as well as for the secretary of the company.-Resolutions in this regard	Non-Voting	None	Non-Voting
VIII	Presentation and, if deemed appropriate, approval of the report from the-board of directors regarding the policies of the company in regard to the-acquisition of its own shares and, if deemed appropriate, placement of the-same, proposal and, if deemed appropriate, approval of the maximum amount of-funds that can be allocated to the purchase of the shares of the company for- the 2012 fiscal year. Resolutions in this regard	Non-Voting	None	Non-Voting
IX	Designation of delegates who will formalize and carry out the resolutions-passed by the extraordinary and annual general meeting of shareholders.-Resolutions in this regard	Non-Voting	None	Non-Voting
COCA-COLA FEMSA, S.A.B DE C.V.
Security	191241108	Meeting Type	Annual
Ticker Symbol	KOF	Meeting Date	3/20/2012
ISIN	US1912411089	Vote Deadline Date	3/15/2012
Agenda	933560840 - Management	Total Ballot Shares	22500
Last Vote Date	3/12/2012
Item	Proposal	Type	Recommendation	For	Against	Abstain	Take No Action
V	Miscellaneous Corporate Actions	Management	None	22500	0	0	0
FOMENTO ECONOMICO MEXICANO SAB DE CV, MEXICO
Security	P4182H115	Meeting Type	Annual General Meeting
Ticker Symbol		Meeting Date	3/23/2012
ISIN	MXP320321310	Vote Deadline Date	3/14/2012
Agenda	703644319 - Management	Total Ballot Shares	18900
Last Vote Date	3/9/2012
Item	Proposal	Type	Recommendation	For	Against	Abstain	Take No Action
I	Management Proposal	Management	For	18900	0	0	0
II	Management Proposal	Management	For	18900	0	0	0
III	Management Proposal	Management	For	18900	0	0	0
IV	Management Proposal	Management	For	18900	0	0	0
V	Management Proposal	Management	For	18900	0	0	0
VI	Management Proposal	Management	For	18900	0	0	0
VII	Management Proposal	Management	For	18900	0	0	0
VIII	Management Proposal	Management	For	18900	0	0	0
FOMENTO ECONOMICO MEXICANO SAB DE CV, MEXICO
Security	P4182H115	Meeting Type	ExtraOrdinary General Meeting
Ticker Symbol		Meeting Date	3/23/2012
ISIN	MXP320321310	Vote Deadline Date	3/14/2012
Agenda	703645020 - Management	Total Ballot Shares	18900
Last Vote Date	3/9/2012
Item	Proposal	Type	Recommendation	For	Against	Abstain	Take No Action
I	Management Proposal	Management	For	18900	0	0	0
II	Management Proposal	Management	For	18900	0	0	0
III	Management Proposal	Management	For	18900	0	0	0
FOMENTO ECONOMICO MEXICANO S.A.B. DE CV
Security	344419106	Meeting Type	Annual
Ticker Symbol	FMX	Meeting Date	3/23/2012
ISIN	US3444191064	Vote Deadline Date	3/19/2012
Agenda	933564468 - Management	Total Ballot Shares	6000
Last Vote Date	3/16/2012
Item	Proposal	Type	Recommendation	For	Against	Abstain	Take No Action
O1	Receive Directors' Report	Management	None	6000	0	0	0
O2	Receive Directors' Report	Management	None	6000	0	0	0
O3	Adopt Accounts for Past Year	Management	None	6000	0	0	0
O4	Stock Repurchase Plan	Management	None	6000	0	0	0
O5	Election of Directors	Management	None	6000	0	0	0
O6	Elect Supervisory Board Member	Management	None	6000	0	0	0
O7	Elect Supervisory Board Member	Management	None	6000	0	0	0
O8	Approve Minutes of Previously Held Meeting	Management	None	6000	0	0	0
E1	Approve Merger Agreement	Management	None	6000	0	0	0
E2	Elect Supervisory Board Member	Management	None	6000	0	0	0
E3	Approve Minutes of Previously Held Meeting	Management	None	6000	0	0	0
GRUPO ELEKTRA SA DE CV, CIUDAD DE MEXICO
Security	P3642B213	Meeting Type	Annual General Meeting
Ticker Symbol		Meeting Date	3/26/2012
ISIN	MX01EL000003	Vote Deadline Date	3/20/2012
Agenda	703639786 - Management	Total Ballot Shares	1270
Last Vote Date	3/7/2012
Item	Proposal	Type	Recommendation	For	Against	Abstain	Take No Action
1	Management Proposal	Management	For	1270	0	0	0
2	Management Proposal	Management	For	1270	0	0	0
3	Management Proposal	Management	For	1270	0	0	0
4	Management Proposal	Management	For	1270	0	0	0
5	Management Proposal	Management	For	1270	0	0	0
6	Management Proposal	Management	For	1270	0	0	0
7	Management Proposal	Management	For	1270	0	0	0
WAL-MART DE MEXICO S A DE C V
Security	P98180105	Meeting Type	MIX
Ticker Symbol		Meeting Date	3/27/2012
ISIN	MXP810081010	Vote Deadline Date	3/20/2012
Agenda	703632465 - Management	Total Ballot Shares	90222
Last Vote Date	3/6/2012
Item	Proposal	Type	Recommendation	For	Against	Abstain	Take No Action
A.1	Management Proposal	Management	For	90222	0	0	0
A.2	Management Proposal	Management	For	90222	0	0	0
A.3	Management Proposal	Management	For	90222	0	0	0
A.4	Management Proposal	Management	For	90222	0	0	0
A.5	Management Proposal	Management	For	90222	0	0	0
A.6	Management Proposal	Management	For	90222	0	0	0
E.7	Management Proposal	Management	For	90222	0	0	0
E.8	Management Proposal	Management	For	90222	0	0	0
E.9	Management Proposal	Management	For	90222	0	0	0
E.10	Management Proposal	Management	For	90222	0	0	0
E.11	Management Proposal	Management	For	90222	0	0	0
E.12	Management Proposal	Management	For	90222	0	0	0
E.13	Management Proposal	Management	For	90222	0	0	0
E.14	Management Proposal	Management	For	90222	0	0	0
E.15	Management Proposal	Management	For	90222	0	0	0
E.16	Management Proposal	Management	For	90222	0	0	0
	PLEASE NOTE THAT THIS IS A REVISION DUE TO CHANGE IN NUMBERING.IF YOU HAVE ALR-EADY SENT IN YOUR VOTES, PLEASE DO NOT RETURN THIS PROXY FORM UNLESS YOU DECID-E TO AMEND YOUR ORIGINAL INSTRUCTIONS. THANK YOU.	Non-Voting	None	Non-Voting
CARNIVAL CORPORATION
Security	143658300	Meeting Type	Annual
Ticker Symbol	CCL	Meeting Date	4/11/2012
ISIN	PA1436583006	Vote Deadline Date	4/10/2012
Agenda	933553908 - Management	Total Ballot Shares	41000
Last Vote Date	3/1/2012
Item	Proposal	Type	Recommendation	For	Against	Abstain	Take No Action
1.	Election of Directors (Majority Voting)	Management	For	41000	0	0	0
2.	Election of Directors (Majority Voting)	Management	For	41000	0	0	0
3.	Election of Directors (Majority Voting)	Management	For	41000	0	0	0
4.	Election of Directors (Majority Voting)	Management	For	41000	0	0	0
5.	Election of Directors (Majority Voting)	Management	For	41000	0	0	0
6.	Election of Directors (Majority Voting)	Management	For	41000	0	0	0
7.	Election of Directors (Majority Voting)	Management	For	41000	0	0	0
8.	Election of Directors (Majority Voting)	Management	For	41000	0	0	0
9.	Election of Directors (Majority Voting)	Management	For	41000	0	0	0
10.	Election of Directors (Majority Voting)	Management	For	41000	0	0	0
11.	Election of Directors (Majority Voting)	Management	For	41000	0	0	0
12.	Election of Directors (Majority Voting)	Management	For	41000	0	0	0
13.	Election of Directors (Majority Voting)	Management	For	41000	0	0	0
14.	Election of Directors (Majority Voting)	Management	For	41000	0	0	0
15.	Ratify Appointment of Independent Auditors	Management	For	41000	0	0	0
16.	Approve Remuneration of Directors and Auditors	Management	For	41000	0	0	0
17.	Adopt Accounts for Past Year	Management	For	41000	0	0	0
18.	14A Executive Compensation	Management	For	41000	0	0	0
19.	Approve Remuneration of Directors and Auditors	Management	For	41000	0	0	0
20.	Allot Securities	Management	For	41000	0	0	0
21.	Eliminate Pre-Emptive Rights	Management	For	41000	0	0	0
22.	Authorize Directors to Repurchase Shares	Management	For	41000	0	0	0
23.	S/H Proposal - Corporate Governance	Shareholder	Against	0	41000	0	0
LENNAR CORPORATION
Security	526057104	Meeting Type	Annual
Ticker Symbol	LEN	Meeting Date	4/11/2012
ISIN	US5260571048	Vote Deadline Date	4/10/2012
Agenda	933555041 - Management	Total Ballot Shares	37500
Last Vote Date	3/1/2012
Item	Proposal	Type	Recommendation	For	Against	Abstain	Take No Action
1.	Election of Directors	Management
1	IRVING BOLOTIN		For	37500	0	0	0
2	STEVEN L. GERARD		For	37500	0	0	0
3	THERON I. (TIG) GILLIAM		For	37500	0	0	0
4	SHERRILL W. HUDSON		For	37500	0	0	0
5	R. KIRK LANDON		For	37500	0	0	0
6	SIDNEY LAPIDUS		For	37500	0	0	0
7	STUART A. MILLER		For	37500	0	0	0
8	JEFFREY SONNENFELD		For	37500	0	0	0
2.	14A Executive Compensation	Management	For	37500	0	0	0
3.	Amend Stock Compensation Plan	Management	For	37500	0	0	0
4.	Approve Stock Compensation Plan	Management	For	37500	0	0	0
5.	Ratify Appointment of Independent Auditors	Management	For	37500	0	0	0
6.	S/H Proposal - Environmental	Shareholder	Against	0	37500	0	0
BANCO LATINOAMERICANO DE COMERCIO EXT.
Security	P16994132	Meeting Type	Annual
Ticker Symbol	BLX	Meeting Date	4/17/2012
ISIN	PAP169941328	Vote Deadline Date	4/16/2012
Agenda	933567680 - Management	Total Ballot Shares	41000
Last Vote Date	3/20/2012
Item	Proposal	Type	Recommendation	For	Against	Abstain	Take No Action
1.	Receive Consolidated Financial Statements	Management	For	41000	0	0	0
2.	Ratify Appointment of Independent Auditors	Management	For	41000	0	0	0
3.	Election of Directors	Management
1	G. GUEMEZ GARCIA		For	41000	0	0	0
2	GONZALO MENENDEZ DUQUE		For	41000	0	0	0
3	JAIME RIVERA		For	41000	0	0	0
4.	14A Executive Compensation	Management	For	41000	0	0	0
SEABOARD CORPORATION
Security	811543107	Meeting Type	Annual
Ticker Symbol	SEB	Meeting Date	4/23/2012
ISIN	US8115431079	Vote Deadline Date	4/20/2012
Agenda	933564189 - Management	Total Ballot Shares	1321
Last Vote Date	3/16/2012
Item	Proposal	Type	Recommendation	For	Against	Abstain	Take No Action
1.	Election of Directors	Management
1	STEVEN J. BRESKY		For	1321	0	0	0
2	DAVID A. ADAMSEN		For	1321	0	0	0
3	DOUGLAS W. BAENA		For	1321	0	0	0
4	JOSEPH E. RODRIGUES		For	1321	0	0	0
5	EDWARD I. SHIFMAN JR.		For	1321	0	0	0
2.	Ratify Appointment of Independent Auditors	Management	For	1321	0	0	0
3.	S/H Proposal - Animal Rights	Shareholder	Against	1321	0	0	0
AMERICA MOVIL SAB DE CV, MEXICO
Security	P0280A101	Meeting Type	Special General Meeting
Ticker Symbol		Meeting Date	4/25/2012
ISIN	MXP001691213	Vote Deadline Date	4/19/2012
Agenda	703701830 - Management	Total Ballot Shares	209144
Last Vote Date	4/5/2012
Item	Proposal	Type	Recommendation	For	Against	Abstain	Take No Action
1	Management Proposal	Management	For	209144	0	0	0
2	Management Proposal	Management	For	209144	0	0	0
CMMT	PLEASE NOTE THAT FOREIGN CUSTOMERS ARE ALLOWED TO VOTE ONLY FOR THIS MEETING.-THANK YOU.	Non-Voting	None	Non-Voting
CMMT	PLEASE NOTE THAT THIS IS A REVISION DUE TO RECEIPT OF ADDITIONAL COMMENT. IF Y-OU HAVE ALREADY SENT IN YOUR VOTES, PLEASE DO NOT RETURN THIS PROXY FORM UNLES-S YOU DECIDE TO AMEND YOUR ORIGINAL INSTRUCTIONS. THANK YOU.	Non-Voting	None	Non-Voting
AMERICA MOVIL SAB DE CV, MEXICO
Security	P0280A119	Meeting Type	Annual General Meeting
Ticker Symbol		Meeting Date	4/25/2012
ISIN	MXP001691015	Vote Deadline Date	4/19/2012
Agenda	703702236 - Management	Total Ballot Shares	71200
Last Vote Date
Item	Proposal	Type	Recommendation	For	Against	Abstain	Take No Action
CMMT	PLEASE NOTE THAT ONLY MEXICAN NATIONALS HAVE VOTING RIGHTS AT THIS MEETING.-IF YOU ARE A MEXICAN NATIONAL AND WOULD LIKE TO SUBMIT YOUR VOTE ON THIS-MEETING PLEASE CONTACT YOUR CLIENT SERVICE REPRESENTATIVE. THANK YOU	Non-Voting	None	Non-Voting
1.I	Presentation and, if deemed appropriate, approval of the following and-resolution in regard to: report from the general director prepared in- accordance with the terms of article 172 of the general mercantile companies-law and article 44, part xi, of the securities market law, accompanied by the-opinion of the outside auditor, regarding the operations and results of the-company for the fiscal year that ended on December 31, 2011, as well as the-opinion of the board of directors of the company regarding the content of-said report	Non-Voting	None	Non-Voting
1.II	Presentation and, if deemed appropriate, approval of the following and-resolutions in regard to: report from the board of directors that is referred-to in line b of article 172 of the general mercantile companies law, in which-are established and explained the main accounting and information policies-and criteria followed in the preparation of the financial information of the- company	Non-Voting	None	Non-Voting
1.III	Presentation and, if deemed appropriate, approval of the following and-resolutions in regard to: Report from the board of directors regarding the-transactions and activities in which it has intervened during the 2011 fiscal-year, in accordance with the terms of article 28, part iv, line e, of the-securities market law	Non-Voting	None	Non-Voting
1.IV	Presentation and, if deemed appropriate, approval of the following and-resolutions in regard to: Annual report regarding the activities conducted by-the audit and corporate practices committee of the company in accordance with- the terms of article 43 of the securities market law and the report with-respect to the subsidiaries of the company	Non-Voting	None	Non-Voting
1.V	Presentation and, if deemed appropriate, approval of the following and-resolutions in regard to: Audited consolidated financial statements of the-company to December 31, 2011, which include a proposal for the allocation of-profit and payment of a cash dividend to the shareholders of the company	Non-Voting	None	Non-Voting
1.VI	Presentation and, if deemed appropriate, approval of the following and-resolutions in regard to: Annual report regarding the program for the-acquisition and placement of shares of the company for the 2011 fiscal year	Non-Voting	None	Non-Voting
1.VII	Presentation and, if deemed appropriate, approval of the following and-resolutions in regard to: Report regarding the fulfillment of the tax-obligations that are the responsibility of the company for the 2010 fiscal-year, in accordance with that which is provided for in article 86, part xx,-of the income tax law and article 93 a of the regulations of the income tax-law	Non-Voting	None	Non-Voting
2	Ratification, if deemed appropriate, of the term in office of the board of-directors and of the general director of the company for the 2011 fiscal year- and appointments and or ratification, if deemed appropriate, of the persons-who will make up the board of directors of the company, of the secretary and-vice secretary of that board and of the chairperson of the audit and-corporate practices committee of the company, as well as the determination of-the corresponding compensation. Resolutions in this regard	Non-Voting	None	Non-Voting
3	Ratification, if deemed appropriate, of the term in office of the executive-committee, of the audit and corporate practices committee and of the- operations in Puerto Rico and the united states of America committee of the-company for the 2011 fiscal year and the appointment and or ratification, if-deemed appropriate, of the persons who will make up the executive committee,-the audit and corporate practices committee and the operations in Puerto Rico-and the united states of America committee of the company, as well as the-determination of the corresponding compensation. Resolutions in this regard	Non-Voting	None	Non-Voting
4	Presentation and, if deemed appropriate, approval of a proposal to increase-the amount of funds currently available for the acquisition of shares of the-company, in accordance with the terms of that which is provided for in-article 56 of the securities market law. Resolutions in this regard	Non-Voting	None	Non-Voting
5	Designation of delegates who will carry out the resolutions passed by this-general meeting and, if deemed appropriate formalize them as is proper.-Resolutions in this regard	Non-Voting	None	Non-Voting
AMERICA MOVIL SAB DE CV, MEXICO
Security	P0280A101	Meeting Type	Ordinary General Meeting
Ticker Symbol		Meeting Date	4/25/2012
ISIN	MXP001691213	Vote Deadline Date	4/19/2012
Agenda	703747569 - Management	Total Ballot Shares	209144
Last Vote Date	4/24/2012
Item	Proposal	Type	Recommendation	For	Against	Abstain	Take No Action
I.I	Management Proposal	Management	For	209144	0	0	0
I.II	Management Proposal	Management	For	209144	0	0	0
I.III	Management Proposal	Management	For	209144	0	0	0
I.IV	Management Proposal	Management	For	209144	0	0	0
I.V	Management Proposal	Management	For	209144	0	0	0
I.VI	Management Proposal	Management	For	209144	0	0	0
I.VII	Management Proposal	Management	For	209144	0	0	0
II	Management Proposal	Management	For	209144	0	0	0
III	Management Proposal	Management	For	209144	0	0	0
IV	Management Proposal	Management	For	209144	0	0	0
V	Management Proposal	Management	For	209144	0	0	0
CMMT	PLEASE NOTE THAT FOREIGN PARTICIPATION IS NOT PERMITTED FOR THIS MEETING. THAN-K YOU.	Non-Voting	None	Non-Voting
CMMT	PLEASE NOTE THAT THIS IS A REVISION DUE TO RECEIPT OF ADDITIONAL COMMENT. IF Y-OU HAVE ALREADY SENT IN YOUR VOTES, PLEASE DO NOT RETURN THIS PROXY FORM UNLES-S YOU DECIDE TO AMEND YOUR ORIGINAL INSTRUCTIONS. THANK YOU.	Non-Voting	None	Non-Voting
AMERICA MOVIL, S.A.B. DE C.V.
Security	02364W105	Meeting Type	Annual
Ticker Symbol	AMX	Meeting Date	4/25/2012
ISIN	US02364W1053	Vote Deadline Date	4/20/2012
Agenda	933612497 - Management	Total Ballot Shares	44690
Last Vote Date	4/20/2012
Item	Proposal	Type	Recommendation	For	Against	Abstain	Take No Action
I	Election of Directors (Full Slate)	Management	None	44690	0	0	0
II	Approve Previous Board's Actions	Management	None	44690	0	0	0
AMERICA MOVIL, S.A.B. DE C.V.
Security	02364W105	Meeting Type	Annual
Ticker Symbol	AMX	Meeting Date	4/25/2012
ISIN	US02364W1053	Vote Deadline Date	4/20/2012
Agenda	933612512 - Management	Total Ballot Shares	44960
Last Vote Date	4/20/2012
Item	Proposal	Type	Recommendation	For	Against	Abstain	Take No Action
I	Miscellaneous Corporate Governance	Management	None	44960	0	0	0
II	Miscellaneous Corporate Governance	Management	None	44960	0	0	0
GRUPO AEROPORTUARIO DEL SURESTE SAB DE CV, MEXICO
Security	P4950Y100	Meeting Type	Annual General Meeting
Ticker Symbol		Meeting Date	4/26/2012
ISIN	MXP001661018	Vote Deadline Date	4/18/2012
Agenda	703728139 - Management	Total Ballot Shares	700
Last Vote Date	4/17/2012
Item	Proposal	Type	Recommendation	For	Against	Abstain	Take No Action
CMMT	PLEASE NOTE THAT THIS IS AN AMENDMENT TO MEETING ID 962411 DUE TO ADDITION OF-RESOLUTIONS. ALL VOTES RECEIVED ON THE PREVIOUS MEETING WILL BE DISREGARDED AN-D YOU WILL NEED TO REINSTRUCT ON THIS MEETING NOTICE. THANK YOU.	Non-Voting	None	Non-Voting
IA	Management Proposal	Management	For	700	0	0	0
IB	Management Proposal	Management	For	700	0	0	0
IC	Management Proposal	Management	For	700	0	0	0
ID	Management Proposal	Management	For	700	0	0	0
IE	Management Proposal	Management	For	700	0	0	0
IF	Management Proposal	Management	For	700	0	0	0
IIA	Management Proposal	Management	For	700	0	0	0
IIB	Management Proposal	Management	For	700	0	0	0
IIC	Management Proposal	Management	For	700	0	0	0
IIIA	Management Proposal	Management	For	700	0	0	0
IIIB	Management Proposal	Management	For	700	0	0	0
IIIC	Management Proposal	Management	For	700	0	0	0
IIID	Management Proposal	Management	For	700	0	0	0
IV	Management Proposal	Management	For	700	0	0	0
POPULAR, INC.
Security	733174106	Meeting Type	Annual
Ticker Symbol	BPOP	Meeting Date	4/27/2012
ISIN	PR7331741061	Vote Deadline Date	4/26/2012
Agenda	933560509 - Management	Total Ballot Shares	60000
Last Vote Date	3/12/2012
Item	Proposal	Type	Recommendation	For	Against	Abstain	Take No Action
1A	Election of Directors (Majority Voting)	Management	For	60000	0	0	0
1B	Election of Directors (Majority Voting)	Management	For	60000	0	0	0
1C	Election of Directors (Majority Voting)	Management	For	60000	0	0	0
1D	Election of Directors (Majority Voting)	Management	For	60000	0	0	0
2	Approve Reverse Stock Split	Management	For	60000	0	0	0
3	14A Executive Compensation	Management	For	60000	0	0	0
4	Ratify Appointment of Independent Auditors	Management	For	60000	0	0	0
5	Approve Motion to Adjourn Meeting	Management	For	60000	0	0	0
GRUPO CASA SABA, S.A.B. DE C.V.
Security	40048P104	Meeting Type	Annual
Ticker Symbol	SAB	Meeting Date	4/27/2012
ISIN	US40048P1049	Vote Deadline Date	4/23/2012
Agenda	933605238 - Management	Total Ballot Shares	15273
Last Vote Date	4/16/2012
Item	Proposal	Type	Recommendation	For	Against	Abstain	Take No Action
1	Adopt Accounts for Past Year	Management	None	15273	0	0	0
2	Miscellaneous Corporate Actions	Management	None	15273	0	0	0
3	Miscellaneous Corporate Actions	Management	None	15273	0	0	0
4	Miscellaneous Corporate Actions	Management	None	15273	0	0	0
5	Miscellaneous Corporate Actions	Management	None	15273	0	0	0
6	Miscellaneous Corporate Actions	Management	None	15273	0	0	0
7	Ratify Appointment of Independent Auditors	Management	None	15273	0	0	0
8	Miscellaneous Corporate Actions	Management	None	15273	0	0	0
9	Miscellaneous Corporate Actions	Management	None	15273	0	0	0
10	Miscellaneous Corporate Actions	Management	None	15273	0	0	0
11	Approve Previous Board's Actions	Management	None	15273	0	0	0
DESARROLLADORA HOMEX, S.A.B. DE C.V.
Security	25030W100	Meeting Type	Annual
Ticker Symbol	HXM	Meeting Date	4/27/2012
ISIN	US25030W1009	Vote Deadline Date	4/23/2012
Agenda	933607004 - Management	Total Ballot Shares	4100
Last Vote Date	4/17/2012
Item	Proposal	Type	Recommendation	For	Against	Abstain	Take No Action
1.	Receive Directors' Report	Management	For	4100	0	0	0
2.	Approve Allocation of Dividends on Shares Held By Company	Management	For	4100	0	0	0
3.	Approve Allocation of Dividends on Shares Held By Company	Management	For	4100	0	0	0
4.	Approve Remuneration of Directors and Auditors	Management	For	4100	0	0	0
5.	Ratify Appointment of Independent Auditors	Management	For	4100	0	0	0
6.	Approve Previous Board's Actions	Management	For	4100	0	0	0
GRUPO TELEVISA, S.A.B.
Security	40049J206	Meeting Type	Special
Ticker Symbol	TV	Meeting Date	4/27/2012
ISIN	US40049J2069	Vote Deadline Date	4/24/2012
Agenda	933608551 - Management	Total Ballot Shares	32400
Last Vote Date	4/18/2012
Item	Proposal	Type	Recommendation	For	Against	Abstain	Take No Action
L1	Approve Charter Amendment	Management	None	32400	0	0	0
L2	Approve Previous Board's Actions	Management	None	32400	0	0	0
1	Approve Article Amendments	Management	None	32400	0	0	0
2	Miscellaneous Corporate Actions	Management	None	32400	0	0	0
3	Approve Financial Statements, Allocation of Income, and Discharge Directors	Management	None	32400	0	0	0
4	Stock Repurchase Plan	Management	None	32400	0	0	0
5	Miscellaneous Corporate Actions	Management	None	32400	0	0	0
6	Miscellaneous Corporate Actions	Management	None	32400	0	0	0
7	Miscellaneous Corporate Actions	Management	None	32400	0	0	0
8	Miscellaneous Compensation Plans	Management	None	32400	0	0	0
9	Miscellaneous Corporate Actions	Management	None	32400	0	0	0
D1	Amend Articles-Board Related	Management	None	32400	0	0	0
D2	Miscellaneous Corporate Actions	Management	None	32400	0	0	0
AB1	Miscellaneous Corporate Actions	Management	None	32400	0	0	0
AB2	Miscellaneous Corporate Actions	Management	None	32400	0	0	0
GRUPO TELEVISA, S.A.B.
Security	40049J206	Meeting Type	Special
Ticker Symbol	TV	Meeting Date	4/27/2012
ISIN	US40049J2069	Vote Deadline Date	4/24/2012
Agenda	933613956 - Management	Total Ballot Shares	32400
Last Vote Date	4/23/2012
Item	Proposal	Type	Recommendation	For	Against	Abstain	Take No Action
L1	Miscellaneous Corporate Governance	Management	None	32400	0	0	0
L2	Miscellaneous Corporate Governance	Management	None	32400	0	0	0
1	Miscellaneous Corporate Governance	Management	None	32400	0	0	0
2	Miscellaneous Corporate Governance	Management	None	32400	0	0	0
3	Miscellaneous Corporate Governance	Management	None	32400	0	0	0
4	Miscellaneous Corporate Governance	Management	None	32400	0	0	0
5	Miscellaneous Corporate Governance	Management	None	32400	0	0	0
6	Miscellaneous Corporate Governance	Management	None	32400	0	0	0
7	Miscellaneous Corporate Governance	Management	None	32400	0	0	0
8	Miscellaneous Corporate Governance	Management	None	32400	0	0	0
9	Miscellaneous Corporate Governance	Management	None	32400	0	0	0
D1	Miscellaneous Corporate Governance	Management	None	32400	0	0	0
D2	Miscellaneous Corporate Governance	Management	None	32400	0	0	0
AB1	Miscellaneous Corporate Governance	Management	None	32400	0	0	0
AB2	Miscellaneous Corporate Governance	Management	None	32400	0	0	0
GRUPO MEXICO SAB DE CV
Security	P49538112	Meeting Type	Annual General Meeting
Ticker Symbol		Meeting Date	4/30/2012
ISIN	MXP370841019	Vote Deadline Date	4/24/2012
Agenda	703729294 - Management	Total Ballot Shares	3872
Last Vote Date	4/17/2012
Item	Proposal	Type	Recommendation	For	Against	Abstain	Take No Action
I	Management Proposal	Management	For	3872	0	0	0
II	Management Proposal	Management	For	3872	0	0	0
III	Management Proposal	Management	For	3872	0	0	0
IV	Management Proposal	Management	For	3872	0	0	0
V	Management Proposal	Management	For	3872	0	0	0
VI	Management Proposal	Management	For	3872	0	0	0
VII	Management Proposal	Management	For	3872	0	0	0
TECO ENERGY, INC.
Security	872375100	Meeting Type	Annual
Ticker Symbol	TE	Meeting Date	5/2/2012
ISIN	US8723751009	Vote Deadline Date	5/1/2012
Agenda	933557285 - Management	Total Ballot Shares	45500
Last Vote Date	3/6/2012
Item	Proposal	Type	Recommendation	For	Against	Abstain	Take No Action
1.1	Election of Directors (Majority Voting)	Management	For	45500	0	0	0
1.2	Election of Directors (Majority Voting)	Management	For	45500	0	0	0
1.3	Election of Directors (Majority Voting)	Management	For	45500	0	0	0
1.4	Election of Directors (Majority Voting)	Management	For	45500	0	0	0
1.5	Election of Directors (Majority Voting)	Management	For	45500	0	0	0
2.	Ratify Appointment of Independent Auditors	Management	For	45500	0	0	0
3.	14A Executive Compensation	Management	For	45500	0	0	0
4.	Approve Charter Amendment	Management	For	45500	0	0	0
5.	S/H Proposal - Create a Non-Discriminatory Sexual Orientation Policy	Shareholder	Against	0	45500	0	0
FRESH DEL MONTE PRODUCE INC.
Security	G36738105	Meeting Type	Annual
Ticker Symbol	FDP	Meeting Date	5/2/2012
ISIN	KYG367381053	Vote Deadline Date	5/1/2012
Agenda	933588862 - Management	Total Ballot Shares	19690
Last Vote Date	4/5/2012
Item	Proposal	Type	Recommendation	For	Against	Abstain	Take No Action
1A.	Election of Directors (Majority Voting)	Management	For	19690	0	0	0
1B.	Election of Directors (Majority Voting)	Management	For	19690	0	0	0
1C.	Election of Directors (Majority Voting)	Management	For	19690	0	0	0
2.	Adopt Accounts for Past Year	Management	For	19690	0	0	0
3.	Ratify Appointment of Independent Auditors	Management	For	19690	0	0	0
4.	Dividends	Management	For	19690	0	0	0
5.	14A Executive Compensation	Management	For	19690	0	0	0
MASTEC, INC.
Security	576323109	Meeting Type	Annual
Ticker Symbol	MTZ	Meeting Date	5/9/2012
ISIN	US5763231090	Vote Deadline Date	5/8/2012
Agenda	933575017 - Management	Total Ballot Shares	74132
Last Vote Date	3/28/2012
Item	Proposal	Type	Recommendation	For	Against	Abstain	Take No Action
1.	Election of Directors	Management
1	JOSE R. MAS		For	74132	0	0	0
2	JOHN VAN HEUVELEN		For	74132	0	0	0
2.	Ratify Appointment of Independent Auditors	Management	For	74132	0	0	0
3.	Approve Stock Compensation Plan	Management	For	74132	0	0	0
NORFOLK SOUTHERN CORPORATION
Security	655844108	Meeting Type	Annual
Ticker Symbol	NSC	Meeting Date	5/10/2012
ISIN	US6558441084	Vote Deadline Date	5/9/2012
Agenda	933572946 - Management	Total Ballot Shares	18500
Last Vote Date	3/28/2012
Item	Proposal	Type	Recommendation	For	Against	Abstain	Take No Action
1A.	Election of Directors (Majority Voting)	Management	For	18500	0	0	0
1B.	Election of Directors (Majority Voting)	Management	For	18500	0	0	0
1C.	Election of Directors (Majority Voting)	Management	For	18500	0	0	0
1D.	Election of Directors (Majority Voting)	Management	For	18500	0	0	0
1E.	Election of Directors (Majority Voting)	Management	For	18500	0	0	0
1F.	Election of Directors (Majority Voting)	Management	For	18500	0	0	0
1G.	Election of Directors (Majority Voting)	Management	For	18500	0	0	0
1H.	Election of Directors (Majority Voting)	Management	For	18500	0	0	0
1I.	Election of Directors (Majority Voting)	Management	For	18500	0	0	0
1J.	Election of Directors (Majority Voting)	Management	For	18500	0	0	0
2.	Ratify Appointment of Independent Auditors	Management	For	18500	0	0	0
3.	14A Executive Compensation	Management	For	18500	0	0	0
RAILAMERICA, INC.
Security	750753402	Meeting Type	Annual
Ticker Symbol	RA	Meeting Date	5/17/2012
ISIN	US7507534029	Vote Deadline Date	5/16/2012
Agenda	933575485 - Management	Total Ballot Shares	30000
Last Vote Date	3/28/2012
Item	Proposal	Type	Recommendation	For	Against	Abstain	Take No Action
1.	Election of Directors	Management
1	WESLEY R. EDENS		For	30000	0	0	0
2	ROBERT SCHMIEGE		For	30000	0	0	0
2.	Ratify Appointment of Independent Auditors	Management	For	30000	0	0	0
CARIBBEAN UTILITIES COMPANY, LTD.
Security	G1899E146	Meeting Type	Annual
Ticker Symbol	CUPUF	Meeting Date	5/18/2012
ISIN	KYG1899E1465	Vote Deadline Date	5/15/2012
Agenda	933587707 - Management	Total Ballot Shares	12000
Last Vote Date	4/5/2012
Item	Proposal	Type	Recommendation	For	Against	Abstain	Take No Action
01	Election of Directors	Management
1	J. BRYAN BOTHWELL		For	12000	0	0	0
2	FRANK J. CROTHERS		For	12000	0	0	0
3	J.F. RICHARD HEW		For	12000	0	0	0
4	JOSEPH A. IMPARATO		For	12000	0	0	0
5	EARL A. LUDLOW		For	12000	0	0	0
6	H. STANLEY MARSHALL		For	12000	0	0	0
7	EDDINTON M. POWELL		For	12000	0	0	0
8	DAVID E. RITCH		For	12000	0	0	0
9	PETER A. THOMSON		For	12000	0	0	0
10	LYNN R. YOUNG		For	12000	0	0	0
02	Ratify Appointment of Independent Auditors	Management	For	12000	0	0	0
CHIQUITA BRANDS INTERNATIONAL, INC.
Security	170032809	Meeting Type	Annual
Ticker Symbol	CQB	Meeting Date	5/22/2012
ISIN	US1700328099	Vote Deadline Date	5/21/2012
Agenda	933595071 - Management	Total Ballot Shares	20000
Last Vote Date	4/10/2012
Item	Proposal	Type	Recommendation	For	Against	Abstain	Take No Action
1.	Election of Directors	Management
1	FERNANDO AGUIRRE		For	20000	0	0	0
2	KERRII B. ANDERSON		For	20000	0	0	0
3	HOWARD W. BARKER, JR.		For	20000	0	0	0
4	WILLIAM H. CAMP		For	20000	0	0	0
5	CLARE M. HASLER-LEWIS		For	20000	0	0	0
6	JAIME SERRA		For	20000	0	0	0
7	JEFFREY N. SIMMONS		For	20000	0	0	0
8	STEVEN P. STANBROOK		For	20000	0	0	0
2.	14A Executive Compensation	Management	For	20000	0	0	0
3.	Ratify Appointment of Independent Auditors	Management	For	20000	0	0	0
CONSOLIDATED WATER COMPANY LIMITED
Security	G23773107	Meeting Type	Annual
Ticker Symbol	CWCO	Meeting Date	5/22/2012
ISIN	KYG237731073	Vote Deadline Date	5/21/2012
Agenda	933596845 - Management	Total Ballot Shares	66841
Last Vote Date	4/10/2012
Item	Proposal	Type	Recommendation	For	Against	Abstain	Take No Action
1.	Election of Directors	Management
1	WILMER F. PERGANDE		For	66841	0	0	0
2	DAVID W. SASNETT		For	66841	0	0	0
3	LEONARD J. SOKOLOW		For	66841	0	0	0
4	RAYMOND WHITTAKER		For	66841	0	0	0
2.	14A Executive Compensation	Management	For	66841	0	0	0
3.	Ratify Appointment of Independent Auditors	Management	For	66841	0	0	0
THE WESTERN UNION COMPANY
Security	959802109	Meeting Type	Annual
Ticker Symbol	WU	Meeting Date	5/23/2012
ISIN	US9598021098	Vote Deadline Date	5/22/2012
Agenda	933582175 - Management	Total Ballot Shares	20000
Last Vote Date	4/2/2012
Item	Proposal	Type	Recommendation	For	Against	Abstain	Take No Action
1A	Election of Directors (Majority Voting)	Management	For	20000	0	0	0
1B	Election of Directors (Majority Voting)	Management	For	20000	0	0	0
1C	Election of Directors (Majority Voting)	Management	For	20000	0	0	0
2	Declassify Board	Management	For	20000	0	0	0
3	Ratify Appointment of Independent Auditors	Management	For	20000	0	0	0
4	14A Executive Compensation	Management	For	20000	0	0	0
5	Approve Stock Compensation Plan	Management	For	20000	0	0	0
6	S/H Proposal - Access To Proxy	Shareholder	Against	0	20000	0	0
7	S/H Proposal - Political/Government	Shareholder	Against	0	20000	0	0
WATSCO, INC.
Security	942622200	Meeting Type	Annual
Ticker Symbol	WSO	Meeting Date	5/25/2012
ISIN	US9426222009	Vote Deadline Date	5/24/2012
Agenda	933625850 - Management	Total Ballot Shares	28100
Last Vote Date	5/2/2012
Item	Proposal	Type	Recommendation	For	Against	Abstain	Take No Action
1.	Election of Directors	Management
1	BARRY S. LOGAN*		For	28100	0	0	0
2	AARON J. NAHMAD#		For	28100	0	0	0
2.	Approve Charter Amendment	Management	For	28100	0	0	0
ROYAL CARIBBEAN CRUISES LTD.
Security	V7780T103	Meeting Type	Annual
Ticker Symbol	RCL	Meeting Date	5/31/2012
ISIN	LR0008862868	Vote Deadline Date	5/30/2012
Agenda	933603967 - Management	Total Ballot Shares	44000
Last Vote Date	4/16/2012
Item	Proposal	Type	Recommendation	For	Against	Abstain	Take No Action
1A.	Election of Directors (Majority Voting)	Management	For	44000	0	0	0
1B.	Election of Directors (Majority Voting)	Management	For	44000	0	0	0
1C.	Election of Directors (Majority Voting)	Management	For	44000	0	0	0
1D.	Election of Directors (Majority Voting)	Management	For	44000	0	0	0
2.	14A Executive Compensation	Management	For	44000	0	0	0
3.	Ratify Appointment of Independent Auditors	Management	For	44000	0	0	0
4.	S/H Proposal - Proxy Process/Statement	Shareholder	Against	0	44000	0	0
REPSOL YPF, S.A.
Security	76026T205	Meeting Type	Annual
Ticker Symbol	REPYY	Meeting Date	5/31/2012
ISIN	US76026T2050	Vote Deadline Date	5/22/2012
Agenda	933624668 - Management	Total Ballot Shares	30000
Last Vote Date	5/2/2012
Item	Proposal	Type	Recommendation	For	Against	Abstain	Take No Action
1.	Receive Consolidated Financial Statements	Management	For	30000	0	0	0
2.	Amend Articles-Board Related	Management	For	30000	0	0	0
3.	Ratify Appointment of Independent Auditors	Management	For	30000	0	0	0
4.	Approve Charter Amendment	Management	For	30000	0	0	0
5.	Amend Articles-Board Related	Management	For	30000	0	0	0
6.	Amend Articles-Board Related	Management	For	30000	0	0	0
7.	Election of Directors (Majority Voting)	Management	For	30000	0	0	0
8.	Election of Directors (Majority Voting)	Management	For	30000	0	0	0
9.	Approve Acquisition Agreement	Management	For	30000	0	0	0
10.	Approve Article Amendments	Management	For	30000	0	0	0
11.	Stock Issuance	Management	For	30000	0	0	0
12.	Approve Company Name Change	Management	For	30000	0	0	0
13.	Approve Sale of Convertible Notes/Bonds	Management	For	30000	0	0	0
14.	Miscellaneous Corporate Actions	Management	For	30000	0	0	0
15.	14A Executive Compensation	Management	For	30000	0	0	0
16.	Approve Previous Board's Actions	Management	For	30000	0	0	0
GARMIN LTD
Security	H2906T109	Meeting Type	Annual
Ticker Symbol	GRMN	Meeting Date	6/1/2012
ISIN	CH0114405324	Vote Deadline Date	5/31/2012
Agenda	933601949 - Management	Total Ballot Shares	168
Last Vote Date	4/16/2012
Item	Proposal	Type	Recommendation	For	Against	Abstain	Take No Action
1.	Approve Financial Statements, Allocation of Income, and Discharge Directors	Management	For	168	0	0	0
2.	Approve Director Liability Insurance	Management	For	168	0	0	0
3.	Election of Directors	Management
1	MIN H. KAO		For	168	0	0	0
2	CHARLES W. PEFFER		For	168	0	0	0
4.	Ratify Appointment of Independent Auditors	Management	For	168	0	0	0
5.	Approve Allocation of Dividends on Shares Held By Company	Management	For	168	0	0	0
6.	14A Executive Compensation	Management	For	168	0	0	0
VULCAN MATERIALS COMPANY
Security	929160109	Meeting Type	Contested-Annual
Ticker Symbol	VMC	Meeting Date	6/1/2012
ISIN	US9291601097	Vote Deadline Date	5/31/2012
Agenda	933629478 - Management	Total Ballot Shares	5400
Last Vote Date	5/4/2012
Item	Proposal	Type	Recommendation	For	Against	Abstain	Take No Action
01	Election of Directors	Management
1	PHILLIP W. FARMER		For	5400	0	0	0
2	H. ALLEN FRANKLIN		For	5400	0	0	0
3	RICHARD T. O'BRIEN		For	5400	0	0	0
4	DONALD B. RICE		For	5400	0	0	0
02	14A Executive Compensation	Management	For	5400	0	0	0
03	Ratify Appointment of Independent Auditors	Management	For	5400	0	0	0
04	S/H Proposal - Simple Majority Voting	Shareholder	Against	0	5400	0	0
05	S/H Proposal - Declassify Board	Shareholder	Against	0	5400	0	0
06	S/H Proposal - Eliminate Supermajority Vote	Shareholder	Against	0	5400	0	0
TEEKAY CORPORATION
Security	Y8564W103	Meeting Type	Annual
Ticker Symbol	TK	Meeting Date	6/6/2012
ISIN	MHY8564W1030	Vote Deadline Date	6/5/2012
Agenda	933618401 - Management	Total Ballot Shares	10000
Last Vote Date	4/26/2012
Item	Proposal	Type	Recommendation	For	Against	Abstain	Take No Action
1.	Election of Directors	Management
1	DR. IAN D. BLACKBURNE		For	10000	0	0	0
2	WILLIAM B. BERRY		For	10000	0	0	0
3	C. SEAN DAY		For	10000	0	0	0
SPANISH BROADCASTING SYSTEM, INC.
Security	846425833	Meeting Type	Annual
Ticker Symbol	SBSA	Meeting Date	6/7/2012
ISIN	US8464258339	Vote Deadline Date	6/6/2012
Agenda	933620470 - Management	Total Ballot Shares	8030
Last Vote Date	4/27/2012
Item	Proposal	Type	Recommendation	For	Against	Abstain	Take No Action
1.	Election of Directors	Management
1	RAUL ALARCON		For	8030	0	0	0
2	JOSEPH A. GARCIA		For	8030	0	0	0
3	MANUEL E. MACHADO		For	8030	0	0	0
4	JASON L. SHRINSKY		For	8030	0	0	0
5	JOSE A. VILLAMIL		For	8030	0	0	0
6	MITCHELL A. YELEN		For	8030	0	0	0
SEACOR HOLDINGS INC.
Security	811904101	Meeting Type	Annual
Ticker Symbol	CKH	Meeting Date	6/7/2012
ISIN	US8119041015	Vote Deadline Date	6/6/2012
Agenda	933637007 - Management	Total Ballot Shares	2000
Last Vote Date	5/14/2012
Item	Proposal	Type	Recommendation	For	Against	Abstain	Take No Action
1.	Election of Directors	Management
1	CHARLES FABRIKANT		For	2000	0	0	0
2	PIERRE DE DEMANDOLX		For	2000	0	0	0
3	RICHARD FAIRBANKS		For	2000	0	0	0
4	BLAINE V. FOGG		For	2000	0	0	0
5	JOHN C. HADJIPATERAS		For	2000	0	0	0
6	OIVIND LORENTZEN		For	2000	0	0	0
7	ANDREW R. MORSE		For	2000	0	0	0
8	R. CHRISTOPHER REGAN		For	2000	0	0	0
9	STEVEN WEBSTER		For	2000	0	0	0
10	STEVEN J. WISCH		For	2000	0	0	0
2.	Amend Stock Compensation Plan	Management	For	2000	0	0	0
3.	14A Executive Compensation	Management	For	2000	0	0	0
4.	Ratify Appointment of Independent Auditors	Management	For	2000	0	0	0
IMPELLAM GROUP PLC, LUTON
Security	G47192102	Meeting Type	Annual General Meeting
Ticker Symbol		Meeting Date	6/12/2012
ISIN	GB00B2Q2M073	Vote Deadline Date	6/6/2012
Agenda	703831657 - Management	Total Ballot Shares	13000
Last Vote Date	5/20/2012
Item	Proposal	Type	Recommendation	For	Against	Abstain	Take No Action
1	Management Proposal	Management	For	13000	0	0	0
2	Management Proposal	Management	For	13000	0	0	0
3	Management Proposal	Management	For	13000	0	0	0
4	Management Proposal	Management	For	13000	0	0	0
5	Management Proposal	Management	For	13000	0	0	0
6	Management Proposal	Management	For	13000	0	0	0
7	Management Proposal	Management	For	13000	0	0	0
8	Management Proposal	Management	For	13000	0	0	0
9	Management Proposal	Management	For	13000	0	0	0
10	Management Proposal	Management	For	13000	0	0	0
11	Management Proposal	Management	For	13000	0	0	0
12	Management Proposal	Management	For	13000	0	0	0
13	Management Proposal	Management	For	13000	0	0	0
14	Management Proposal	Management	For	13000	0	0	0
ATLANTIC TELE-NETWORK, INC.
Security	049079205	Meeting Type	Annual
Ticker Symbol	ATNI	Meeting Date	6/12/2012
ISIN	US0490792050	Vote Deadline Date	6/11/2012
Agenda	933623729 - Management	Total Ballot Shares	12698
Last Vote Date	5/2/2012
Item	Proposal	Type	Recommendation	For	Against	Abstain	Take No Action
1.	Election of Directors	Management
1	MARTIN L. BUDD		For	12698	0	0	0
2	MICHAEL T. FLYNN		For	12698	0	0	0
3	LIANE J. PELLETIER		For	12698	0	0	0
4	CORNELIUS B. PRIOR, JR.		For	12698	0	0	0
5	MICHAEL T. PRIOR		For	12698	0	0	0
6	CHARLES J. ROESSLEIN		For	12698	0	0	0
7	BRIAN A. SCHUCHMAN		For	12698	0	0	0
2.	Ratify Appointment of Independent Auditors	Management	For	12698	0	0	0
STEINER LEISURE LIMITED
Security	P8744Y102	Meeting Type	Annual
Ticker Symbol	STNR	Meeting Date	6/13/2012
ISIN	BSP8744Y1024	Vote Deadline Date	6/12/2012
Agenda	933620711 - Management	Total Ballot Shares	14527
Last Vote Date	4/27/2012
Item	Proposal	Type	Recommendation	For	Against	Abstain	Take No Action
1.	Election of Directors	Management
1	CLIVE E. WARSHAW		For	14527	0	0	0
2	DAVID S. HARRIS		For	14527	0	0	0
2.	Approve Stock Compensation Plan	Management	For	14527	0	0	0
3.	Ratify Appointment of Independent Auditors	Management	For	14527	0	0	0
4.	14A Executive Compensation	Management	For	14527	0	0	0
DORAL FINANCIAL CORPORATION
Security	25811P886	Meeting Type	Annual
Ticker Symbol	DRL	Meeting Date	6/13/2012
ISIN	PR25811P8869	Vote Deadline Date	6/12/2012
Agenda	933636372 - Management	Total Ballot Shares	11500
Last Vote Date	5/14/2012
Item	Proposal	Type	Recommendation	For	Against	Abstain	Take No Action
1	Election of Directors	Management
1	DENNIS G. BUCHERT		For	11500	0	0	0
2	JAMES E. GILLERAN		For	11500	0	0	0
3	DOUGLAS L. JACOBS		For	11500	0	0	0
4	DAVID E. KING		For	11500	0	0	0
5	GERARD L. SMITH		For	11500	0	0	0
6	GLEN R. WAKEMAN		For	11500	0	0	0
2	Ratify Appointment of Independent Auditors	Management	For	11500	0	0	0
3	14A Executive Compensation	Management	For	11500	0	0	0
FREEPORT-MCMORAN COPPER & GOLD INC.
Security	35671D857	Meeting Type	Annual
Ticker Symbol	FCX	Meeting Date	6/14/2012
ISIN	US35671D8570	Vote Deadline Date	6/13/2012
Agenda	933621989 - Management	Total Ballot Shares	2000
Last Vote Date	5/2/2012
Item	Proposal	Type	Recommendation	For	Against	Abstain	Take No Action
1	Election of Directors	Management
1	RICHARD C. ADKERSON		For	2000	0	0	0
2	ROBERT J. ALLISON, JR.		For	2000	0	0	0
3	ROBERT A. DAY		For	2000	0	0	0
4	GERALD J. FORD		For	2000	0	0	0
5	H. DEVON GRAHAM, JR.		For	2000	0	0	0
6	CHARLES C. KRULAK		For	2000	0	0	0
7	BOBBY LEE LACKEY		For	2000	0	0	0
8	JON C. MADONNA		For	2000	0	0	0
9	DUSTAN E. MCCOY		For	2000	0	0	0
10	JAMES R. MOFFETT		For	2000	0	0	0
11	B. M. RANKIN, JR.		For	2000	0	0	0
12	STEPHEN H. SIEGELE		For	2000	0	0	0
2	14A Executive Compensation	Management	For	2000	0	0	0
03	Ratify Appointment of Independent Auditors	Management	For	2000	0	0	0
04	S/H Proposal - Environmental	Shareholder	Against	0	2000	0	0

SIGNATURES

Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant) The Herzfeld Caribbean Basin Fund, Inc.

By (Signature and Title)* /s/ Thomas J. Herzfeld - President & Chairman

Date August 29, 2012

* Print the name and title of each signing officer under his or her signature.