Herzfeld Credit Income Fund SEC Filings

Herzfeld Credit Income Fund (HERZ) reported an insider transaction by a director. On 10/21/2025, the reporting person disposed of 9,600 shares of common stock at a price of $2.5935 per share through participation in the company’s issuer tender offer. Following this transaction, the director beneficially owns 122,166 shares directly. The filing notes the shares were accepted pursuant to the tender offer described in a Schedule TO filed on September 17, 2025, with a final proration factor of 7.2858%.

Herzfeld Credit Income Fund (HERZ) — Form 4 insider activity: A reporting person identified as a portfolio manager disposed of 3,679 shares of common stock on 10/21/2025 at $2.5935 per share. The filing states these shares were tendered to the Fund in an issuer tender offer disclosed in a Schedule TO filed on September 17, 2025. Following the transaction, the filer beneficially owned 46,823 shares directly.

The explanation notes the final proration factor for the tender offer was 7.2858%, indicating only a portion of tendered shares were accepted in the offer.

Herzfeld Credit Income Fund, Inc. (HERZ) reported an insider transaction by Erik M. Herzfeld, President and Portfolio Manager. On 10/21/2025, he disposed of 46,642 shares of common stock at $2.5935 per share, executed via the issuer’s tender offer.

Following the transaction, he beneficially owned 593,529 shares directly. The filing notes this reflects shares tendered pursuant to the Fund’s Schedule TO filed on September 17, 2025, and cites a final proration factor of 7.2858%.

Herzfeld Credit Income Fund, Inc. filed Amendment No. 2 to its Schedule TO, reporting the final results of its issuer tender offer. The Offer sought to purchase for cash up to 5% (845,433 shares) of its outstanding common stock, subject to the terms in the Offer to Purchase and Letter of Transmittal.

The Offer expired on October 15, 2025 at 5:00 p.m. Eastern Time. The company issued a press release on October 21, 2025 announcing the final results, which is filed as Exhibit (a)(5)(iv).

Herzfeld Credit Income Fund, Inc. filed Amendment No. 1 to its Schedule TO, updating its issuer tender offer to repurchase up to 845,433 shares of common stock, equal to 5% of outstanding shares. The amendment adds a press release with preliminary results.

The offer expired on October 15, 2025 at 5:00 p.m. Eastern Time. The tender terms were set forth in the Offer to Purchase dated September 17, 2025 and the related Letter of Transmittal, which remain incorporated by reference.

Herzfeld Credit Income Fund, Inc. (NASDAQ: HERZ) called its 2025 Annual Meeting for November 20, 2025 in Miami Beach to vote on the election of two Class II directors and one Class III director. The Board unanimously recommends voting FOR all nominees: John A. Gelety (Class II), Erik M. Herzfeld (Class II), and Brigitta S. Herzfeld (Class III).

Stockholders of record at the close of business on September 30, 2025 may vote. A quorum is a majority of outstanding common shares, and directors are elected by plurality of votes cast. As of the record date, 16,908,652 common shares were outstanding, each entitled to one vote. The Board is led by independent Chairperson Cecilia L. Gondor, and all committee members are independent.

The Audit Committee recommended including the Fund’s audited financials in the annual report and the Board selected Tait, Weller & Baker LLP as auditor for the fiscal year ending June 30, 2026. For fiscal 2025, audit fees were $36,000 and tax fees were $4,500. Proxy materials and the annual report are available at www.herzfeld.com/herz.