Welcome to our dedicated page for Herzfeld Credit Income Fund news (Ticker: HERZ), a resource for investors and traders seeking the latest updates and insights on Herzfeld Credit Income Fund stock.
Herzfeld Credit Income Fund, Inc. (NASDAQ: HERZ) is a non-diversified, closed-end management investment company in the asset management segment of the financial services sector. Its public communications focus on risk-adjusted total return and income generation, making its news flow particularly relevant for investors who follow credit-oriented closed-end funds and structured finance strategies.
News about HERZ frequently covers its distribution policies, year-end and periodic distributions, and the tax and regulatory framework under which those distributions are made. Recent releases have detailed a year-end distribution expected to be characterized as long-term capital gains, including the mix of cash and stock, the per-share amounts, and the resulting share counts. The Fund has also announced a new policy to make regular monthly distributions of net investment income and at least annual distributions of net capital gains or, alternatively, to retain some gains and pay federal income tax on the retained amount.
Another recurring theme in HERZ news is its strategy transition and investment focus. The Fund has reported that it is transitioning from a prior strategy to a new approach with targeted investments across collateralized loan obligation ("CLO") equity, CLO debt, and structured credit. These updates provide insight into how the Fund seeks to align its portfolio with its objectives of total return and income for stockholders.
Corporate actions and governance-related announcements are also prominent in HERZ’s news. The Fund has issued multiple press releases on its self-tender offer plan to address the trading discount to net asset value, including the commencement, preliminary results, and final results of a tender offer to purchase up to 5% of its outstanding common shares at 97.5% of NAV. Additional items include changes to the dividend reinvestment plan, Board-approved amendments, and updates on the frequency of net asset value calculation from daily to monthly.
Investors who monitor HERZ news can expect coverage of distributions, tender offers, strategy updates in CLO and structured credit, changes to shareholder plans, and governance matters such as Board actions and proxy-related information. This news stream helps market participants understand how the Fund manages its discount to NAV, communicates risk and performance context, and implements its stated investment and distribution policies.
Herzfeld Credit Income Fund (NASDAQ: HERZ) announced a 1-for-10 reverse stock split of its common stock, effective Feb 6, 2026 at 5:00pm ET. Trading will continue on Nasdaq under HERZ and the new CUSIP will be 42804T205. No fractional shares will be issued; shareholders entitled to fractions will receive one whole share in lieu of fractions. Authorized shares remain at 100,000,000. Book-entry holders need take no action; certificate holders will receive instructions from Equiniti Trust Company. The Board approved the Reverse Split on the Investment Manager's recommendation to improve the Fund's price point, broaden institutional appeal, and lower trading costs.
Herzfeld Credit Income Fund (NASDAQ: HERZ) announced its estimated net asset value as of December 31, 2025 was $2.14.
Herzfeld Credit Income Fund (NASDAQ: HERZ) announced a year-end distribution of $0.6867 per share, declared 11/10/2025 and paid on 12/30/2025 with an ex-date of 12/31/2025. Stockholders received cash or common stock by election; cash was limited to 20% of the total distribution. The VWAP used to calculate share issuance was $2.5799 (Dec 12, 15, 16, 2025).
Total cash paid was $2,206,188.40 and total shares issued were 3,420,452. Stock-only electors received ~0.26617 shares per share; ~84.49% of holders elected stock or made no election. Total outstanding shares after the distribution are ~19,483,671. The entire distribution is attributed to net realized long-term capital gains ($0.6867).
Herzfeld Credit Income Fund (NASDAQ: HERZ) corrected its year-end distribution details and announced policy and operational changes on Nov 17, 2025.
The Fund estimates a $11,031,085 distribution (≈$0.6867 per share estimated) with an Ex-Date 12/31/2025, Record Date 11/21/2025 and Payment Date 12/30/2025. Stockholders may elect cash or stock; total cash paid is capped at 20% of the distribution and ~80% will be paid in shares using VWAP from Dec 12, 15 and 16, 2025.
Effective Jan 2026 the Fund will target monthly distributions of net investment income, adopt monthly NAV calculations, and has begun allocations to CLO equity, debt, and structured credit expected to generate income in 2026.
Herzfeld Credit Income Fund (NASDAQ: HERZ) declared a year-end distribution estimated at $11,031,035, expected to be characterized as long-term capital gains. The distribution is estimated at $0.6867 per share (est), with an ex-date and record date of 11/21/2025 and payment on 12/31/2025. Stockholders may elect cash or common stock, but total cash is limited to 20% of the distribution; approximately 80% will be paid in shares. Election deadline is 5:00 PM ET on 12/16/2025.
The Fund announced first investments in CLO equity, debt and structured credit and adopted a new policy to pay regular monthly distributions of net investment income beginning January 2026; NAV will be calculated monthly going forward.
Herzfeld Credit Income Fund (NASDAQ: HERZ) announced final results of its cash tender offer dated October 15, 2025 and disclosed on October 21, 2025. The Fund offered to purchase up to 5% (845,433 shares) of outstanding common shares at 97.5% of NAV, with a purchase price of $2.5935 per share. A total of 11,603,885 shares were properly tendered, producing a pro-ration factor of 7.2858%, so the Fund will purchase 845,433 shares. The Fund’s outstanding common shares after the tender offer will be 16,063,219. EQ Fund Solutions served as information agent and shareholder questions are directed to (877) 536-1555.
Herzfeld Credit Income Fund (NASDAQ: HERZ) announced preliminary results of a cash tender offer to buy up to 5% (845,433 shares) of outstanding common shares at 97.5% of NAV ($2.5935) as of the close of trading on October 15, 2025.
Shareholders properly tendered 11,603,885 shares, creating an oversubscription that will require a pro‑rata purchase (disregarding fractional shares). Results are preliminary, based on depositary data, and the Fund expects to announce final results on or about October 20, 2025. For questions, shareholders may call EQ Fund Solutions at (877) 536-1555.
Herzfeld Credit Income Fund (NASDAQ: HERZ) has announced a Tender Offer to purchase up to 5% of its outstanding common shares. The Fund will buy back shares at 97.5% of NAV per Common Share, with the NAV to be determined at market close on October 15, 2025.
The Tender Offer, initially announced on August 25, 2025, is now officially commencing with formal documentation available to shareholders. The purchase price will be paid in cash, subject to terms outlined in the Offer to Purchase dated September 17, 2025, and related documentation.
Herzfeld Credit Income Fund (NASDAQ:HERZ) has announced plans to initiate a tender offer in September 2025 for up to 5% of its outstanding shares at 97.5% of NAV. This move is part of the Fund's ongoing strategy to address its trading price discount to net asset value (NAV).
The tender offer follows the Fund's Board of Directors' approval to continue the previously announced plan from May 31, 2019, which has been modified and extended to June 30, 2026. Under the modified Self-Tender Policy, the Fund will commence the tender offer by October 31, 2025, provided that the average discount was greater than 10% for the previous fiscal year.
Herzfeld Credit Income Fund (NASDAQ: HERZ) announced Board-approved changes to its Dividend Reinvestment Plan, effective 30 days after shareholder notification. The key modification allows the Fund to issue new shares to Plan participants regardless of whether the stock trades at a premium or discount to NAV, eliminating the previous requirement to purchase shares on the open market when trading below NAV.
The amended Plan will price reinvested distributions at 95% of the market price at close of trading on the NASDAQ Capital Market, or if no sales occur, using the average of closing bid and ask quotations.
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