This statement is filed on behalf of Erik M. Herzfeld, et al. (the "Reporting Person") with respect to common stock owned individually by the Reporting Person and in his role as portfolio manager of investment advisory accounts of the clients ("advisory clients") of Thomas J. Herzfeld Advisors, Inc. a registered investment adviser for which Mr. Herzfeld has a dispositive and/or voting power ("Accounts").

The principal business address of the Reporting Person is 119 Washington Avenue, Suite 504 Miami Beach, FL 33139.

The Reporting Person is the President of Thomas J. Herzfeld Advisors, Inc. a registered investment adviser whose principal place of business is 119 Washington Avenue, Suite 504 Miami Beach, FL 33139.

During the last five years, the Reporting Person has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors);

During the last five years, the Reporting Person has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result thereof were or are subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities law or finding any violation with respect to such laws; and

(f)

The Reporting Person is a citizen of the United States.

The aggregate number of common stock to which this Schedule 13D relates is 531,246 common stock representing 8.66% of the 6,133,659 shares outstanding as reported by the issuer as of December 31, 2016.

With respect to the shares of common stock owned individually, the Reporting Person beneficially owns with sole power to vote and dispose of 99,435 shares of common stock. With respect to the Accounts, the Reporting Person beneficially owns, with shares power to vote and/or dispose of 431,811 shares of common stock.

Prior to December 30, 2016 the Reporting Person owned 91,180 shares of common stock. Prior to December 30, 2016 advisory clients owned 248,668 shares of common stock. On December 30, 2016 through open market purchases the advisory clients bought a total of 3,185 shares of common stock at the price of $6.76 per share. On January 17, 2017 through open market purchases the Reporting Person bought a total of 7,037 shares of common stock at the price of $6.4803 per share. On January 18, 2017 through open market purchases the Reporting Person bought a total of 1,218 shares of common stock at the price of $6.48 per share. On January 23, 2017 an advisory client closed an account and transferred 3,099 shares from the Advisor. On February 3, 2017 an advisory client directed a sale of 1,070 shares at $6.74 per share. On February 27, 2017 through open market purchases the advisory clients bought a total of 2,665 shares of common stock at the price of $6.7778 per share. On February 28, 2017 through open market purchases the advisory clients bought a total of 1,240 shares of common stock at the price of $6.82 per share. On March 1, 2017 through open market purchases the advisory clients bought a total of 29,031 shares of common stock at the price of $6.88 per share. On March 3, 2017 through open market purchases the advisory clients bought a total of 2,829 shares of common stock at the price of $6.88 per share. On March 6, 2017 through open market purchases the advisory clients bought a total of 100 shares of common stock at the price of $6.86 per share. On March 7, 2017 through open market purchases the advisory clients bought a total of 410 shares of common stock at the price of $6.85 per share. On March 8, 2017 through open market purchases the advisory clients bought a total of 2,358 shares of common stock at the price of $6.85 per share. On March 9, 2017 through open market purchases the advisory clients bought a total of 2,916 shares of common stock at the price of $6.86 per share. On March 10, 2017 through open market purchases the advisory clients bought a total of 100,970 shares of common stock at the price of $6.92 per share. On March 13, 2017 through open market purchases the advisory clients bought a total of 50 shares of common stock at the price of $6.92 per share. On March 14, 2017 through open market purchases the advisory clients bought a total of 24,997 shares of common stock at the price of $6.91326 per share. On March 15, 2017 through open market purchases the advisory clients bought a total of 9,744 shares of common stock at the price of $6.882 per share. On March 16, 2017 through open market purchases the advisory clients bought a total of 6,817 shares of common stock at the price of $6.9496 per share.

The owner of each of the Accounts individually has the right to receive and the power to direct the receipt of dividends from, or proceeds from the sale of, the shares of common stock. To date no owner of an Account holds more than 5% of the Issuer's common shares.

(e)

Not applicable.