Herzfeld Credit Income Fund, Inc. Commences Tender Offer for up to 5% of Outstanding Common Shares
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) ha annunciato una Offerta di Acquisto per acquisire fino al 5% delle sue azioni ordinarie in circolazione. Il Fondo riacquisterà le azioni al 97,5% del NAV per azione ordinaria, con il NAV da determinare al termine delle contrattazioni del 15 ottobre 2025.
L’Offerta di Acquisto, annunciata inizialmente il 25 agosto 2025, è ora ufficialmente in corso con la documentazione formale disponibile agli azionisti. Il prezzo di acquisto sarà corrisposto in contanti, soggetto ai termini descritti nell’Offerta di Acquisto datata 17 settembre 2025 e nella documentazione correlata.
Herzfeld Credit Income Fund (NASDAQ: HERZ) ha anunciado una Oferta de Adquisición para comprar hasta el 5% de sus acciones ordinarias en circulación. El Fondo recomprará las acciones a un 97,5% del NAV por acción ordinaria, con el NAV a determinar al cierre del mercado el 15 de octubre de 2025.
La Oferta de Adquisición, anunciada inicialmente el 25 de agosto de 2025, ahora está oficialmente en curso con la documentación formal disponible para los accionistas. El precio de compra se pagará en efectivo, sujeto a los términos descritos en la Oferta de Compra de fecha 17 de septiembre de 2025 y la documentación relacionada.
Herzfeld Credit Income Fund (NASDAQ: HERZ)가 발행 주식의 최대 5%을 발표했습니다. 펀드는 보통주 1주당 NAV의 97.5%로 주식을 되살 것이며, NAV는 2025년 10월 15일 시장 마감 시에 결정됩니다.
이 매입청약은 2025년 8월 25일에 처음 발표되었으며, 이제 주주들에게 공식 문서가 제공되며 공식적으로 시작되었습니다. 매입가액은 현금으로 지급되며, 2025년 9월 17일 자 발행 오퍼 투 퍼체스 및 관련 문서에 명시된 조건에 따릅니다.
Herzfeld Credit Income Fund (NASDAQ: HERZ) a annoncé une Offre de Rachat pour acquérir jusqu’à 5% de ses actions ordinaires en circulation. Le Fonds rachètera les actions à 97,5% du NAV par action ordinaire, le NAV devant être déterminé à la clôture du marché du 15 octobre 2025.
L’Offre de Rachat, initialement annoncée le 25 août 2025, est désormais officiellement lancée avec une documentation formelle disponible pour les actionnaires. Le prix d’achat sera versé en espèces, sous réserve des termes décrits dans l’Offre d’Achat datée du 17 septembre 2025 et de la documentation associée.
Herzfeld Credit Income Fund (NASDAQ: HERZ) hat ein Rückkaufangebot angekündigt, um bis zu 5% seiner ausstehenden Stammaktien zu erwerben. Der Fonds wird Aktien zum Preis von 97,5% des NAV pro Stammaktie zurückkaufen, wobei der NAV zum Handelsschluss am 15. Oktober 2025 bestimmt wird.
Das Rückkaufangebot, zunächst am 25. August 2025 angekündigt, tritt nun offiziell in Kraft und die formalen Unterlagen stehen den Aktionären zur Verfügung. Der Kaufpreis wird in bar gezahlt, vorbehaltlich der in der am 17. September 2025 datierten Angebotsunterlage und der dazugehörigen Dokumentation beschriebenen Bedingungen.
صندوق Herzfeld Credit Income Fund (NASDQ: HERZ) أعلن عن عرض استحواذ لشراء حتى 5% من أسهمه العادية القائمة. سيعيد الصندوق شراء الأسهم بسعر 97.5% من صافي قيمة الأصول NAV للسهم العادي، وستحدد NAV عند إغلاق السوق في 15 أكتوبر 2025.
العرض، الذي أعلن في البداية في 25 أغسطس 2025، أصبح رسميًا الآن مع توافر الوثائق الرسمية للمساهمين. سيتم دفع سعر الشراء نقدًا، رهناً بالشروط المبيَّنة في عرض الشراء بتاريخ 17 سبتمبر 2025 والوثائق المتعلقة.
Herzfeld Credit Income Fund (NASDAQ: HERZ) 已宣布提出招标购买最多 5% 的在外普通股。基金将按每股 净值 NAV 的 97.5% 回购股份，NAV 将在 2025 年 10 月 15 日市场收盘时确定。
该招标自 2025 年 8 月 25 日首次宣布，现正式启动，股东可获得正式文件。购买价格将以现金支付，受 2025 年 9 月 17 日的购买要约及相关文件所述条款约束。
- None.
- Shares will be purchased at a 2.5% discount to NAV
- Limited to only 5% of outstanding shares
MIAMI BEACH, Fla., Sept. 17, 2025 (GLOBE NEWSWIRE) -- Thomas J. Herzfeld Advisors, Inc., an SEC-registered investment advisor, today announced the commencement of a Tender Offer by Herzfeld Credit Income Fund, Inc. (NASDAQ: HERZ) (the “Fund”). Under the terms of the Tender Offer the Fund is offering to purchase up to
The Fund announced the Tender Offer in a press release on August 25, 2025.
The Fund has offered to purchase up to
Requests for more information, questions and requests for additional copies of the offer materials, please contact EQ Fund Solutions, LLC, the Information Agent for the Tender Offer, at (877) 536-1555.
About Thomas J. Herzfeld Advisors, Inc.
Thomas J. Herzfeld Advisors, Inc., founded in 1984, is an SEC registered investment advisor, specializing in investment analysis and account management in closed-end funds.
More information about the advisor can be found at www.herzfeld.com.
Past performance is no guarantee of future performance. An investment in the Fund is subject to certain risks, including market risk. In general, shares of closed-end funds often trade at a discount from their net asset value and at the time of sale may be trading on the exchange at a price which is more or less than the original purchase price or the net asset value. There can be no assurance that any Share repurchases will reduce or eliminate the discount of the Fund’s market price to the Fund’s net asset value per share. An investor should carefully consider the Fund’s investment objective, risks, charges and expenses. Please read the Fund’s disclosure documents before investing.
Forward-Looking Statements
This press release, and other statements that Thomas J. Herzfeld Advisors, Inc. (“TJHA”) or the Fund may make, may contain forward looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to the Fund’s or TJHA’s future financial or business performance, strategies or expectations. Forward-looking statements are typically identified by words or phrases such as “trend,” “potential,” “opportunity,” “pipeline,” “believe,” “comfortable,” “expect,” “anticipate,” “current,” “intention,” “estimate,” “position,” “assume,” “outlook,” “continue,” “remain,” “maintain,” “sustain,” “seek,” “achieve,” and similar expressions, or future or conditional verbs such as “will,” “would,” “should,” “could,” “may” or similar expressions. TJHA and the Fund caution that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Forward-looking statements speak only as of the date they are made, and TJHA and the Fund assume no duty to and do not undertake to update forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance. With respect to the Fund, the following factors, among others, could cause actual events to differ materially from forward-looking statements or historical performance: (1) shares of the Fund may trade at a discount from Net Asset Value; (2) the Fund is expose to risks associated with equity and equity-linked securities to the extent that adverse equity market conditions could negatively impact the ability of the borrowers to make payment of interest and/or principal with respect to loans underlying the CLOS in which the Fund invests; (3) as a “non-diversified” investment company, the Fund’s investments involve greater risks than would be the case for a similar diversified investment company (5) the Adviser’s judgment about the attractiveness, relative value or potential appreciation of a particular security or investment strategy may prove incorrect; (7) market disruption risks, including certain events that have had a disruptive effect on the securities markets, generally, such as pandemics, terrorist attacks, war and other geopolitical events, hurricanes, droughts, floods and other natural disasters; (8)risk of investment in CLOs and related securities generally (9) dependence on managers of the CLOs in which the Fund invests (10) risks associated with investing in CLOs generally. Annual and Semi-Annual Reports and other regulatory filings of the Fund with the SEC are accessible on the SEC’s website at www.sec.gov and on TJHA’s website at www.herzfeld.com/herz, and may discuss these or other factors that affect the Fund. The information contained on TJHA’s website is not a part of this press release.
Contact:
Tom Morgan
Chief Compliance Officer
Thomas J. Herzfeld Advisors, Inc.
1-305-777-1660
FAQ
What is the tender offer price for Herzfeld Credit Income Fund (HERZ) shares?
How many shares will HERZ purchase in its tender offer?
When does the HERZ tender offer expire?
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When was the HERZ tender offer initially announced?
