Thomas J. Herzfeld Advisors, Inc. (TJH) is formally established and begins publishing the industry’s first monthly research report on CEFs, subscribed to by global investors, major financials institutions and governmental agencies

Tom Herzfeld begins specializing in CEFs

Nobel Laureate Richard Thaler publishes his seminal paper using TJH research on CEFs, which later laid the foundation for his thesis on irrational behavior earning him the Nobel Prize in Economics

The Firm claims compliance with the Global Investment Performance Standards (GIPS ®) with indepedent verification

Pension & Investments names TJH #1 Top Fixed Income Manager of the Year*

TJH celebrates 35 years in business

The industry's first ever textbook on CEF trading and investing is written by Tom Herzfeld The Investor's Guide to Closed-End Funds: The Herzfeld Hedge (McGraw Hill) followed by five other published books

First of a five-series CEF encyclopedia written by Tom Herzfeld is published

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TJH creates the industry benchmark for Barron’s (The Herzfeld Closed-End Average), which has been posted by Barron's 

weekly 3+ decades

The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) publicly lists

Female majority independent board of directors (75%) established for the Caribbean Basin Fund