Herzfeld Credit Income Fund director tenders 1,086 shares

The 6.99895% final proration factor accompanied a reported post-transaction direct holding of 14,430 shares.

Rhea-AI Filing Summary

Herzfeld Credit Income Fund, Inc. (HERZ) director Brigitta Suzanne Herzfeld returned 1,086 common shares to the Fund on October 20, 2026, in connection with its issuer tender offer. The reported price was $18.2033 per share, and the final proration factor was 6.99895%. Her reported direct holdings afterward were 14,430 shares, including shares acquired through the Fund’s dividend reinvestment plan. No Rule 10b5-1 plan is reported.

Insider Trade Summary

Disposition: 1,086 shares

Disposition 1 txn

Insider Herzfeld Brigitta Suzanne

Role Director

Type	Security	Shares	Price	Value
Disposition	Common Stock F1, F2	1,086	$18.2033	$20K

Holdings After Transaction: Common Stock — 14,430 shares (Direct)

Footnotes (2)

1. F1. The amount reported represents the number of shares tendered to Herzfeld Credit Income Fund, Inc. (the "Fund") in connection with the issuer tender offer by the Fund pursuant to the Tender Offer Statement on Schedule TO filed with the Securities and Exchange Commission on September 17, 2026 (the "Tender Offer"). The final proration factor for the Tender Offer is 6.99895%.
2. F2. Includes shares acquired from time to time through the Fund's dividend reinvestment plan in transactions exempt from Section 16 pursuant to Rule 16a-11.

Key Figures

Shares tendered: 1,086 shares Reported price per share: $18.2033 per share Final proration factor: 6.99895% +1 more

4 metrics

Shares tendered 1,086 shares October 20, 2026, in connection with the issuer tender offer

Reported price per share $18.2033 per share Transaction on October 20, 2026

Final proration factor 6.99895% The Fund’s issuer tender offer

Direct shares following transaction 14,430 shares Includes shares acquired through the Fund’s dividend reinvestment plan

Key Terms

issuer tender offer, final proration factor, dividend reinvestment plan, Rule 16a-11

4 terms

issuer tender offer financial

"in connection with the issuer tender offer"

An issuer tender offer is when a company offers to buy back its own shares directly from shareholders at a set price for a limited time, much like a store running a cash-for-items promotion. It matters to investors because it can raise the share price, change how much of the company each remaining shareholder owns, signal management’s view of the company’s value, and affect taxable events and liquidity for those who sell or hold.

final proration factor financial

"The final proration factor for the Tender Offer is 6.99895%"

dividend reinvestment plan financial

"through the Fund's dividend reinvestment plan"

A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.

Rule 16a-11 regulatory

"exempt from Section 16 pursuant to Rule 16a-11"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many HERZ shares did director Brigitta Suzanne Herzfeld tender?

Brigitta Suzanne Herzfeld tendered 1,086 HERZ common shares on October 20, 2026, to Herzfeld Credit Income Fund, Inc. in connection with its issuer tender offer, at a reported price of $18.2033 per share. The final proration factor was 6.99895%; she reported 14,430 direct shares afterward. No Rule 10b5-1 plan is reported.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/22/2026 - 04:30 PM EDT Accepted by SEC EDGAR 10/22/2026 - 04:30 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Herzfeld Brigitta Suzanne

(Last) (First) (Middle)

119 WASHINGTON AVE, SUITE 405

(Street)

MIAMI BEACH FLORIDA 33139

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Herzfeld Credit Income Fund, Inc [ HERZ ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/20/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	10/20/2026		D(1)		1,086	D	$18.2033	14,430(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The amount reported represents the number of shares tendered to Herzfeld Credit Income Fund, Inc. (the "Fund") in connection with the issuer tender offer by the Fund pursuant to the Tender Offer Statement on Schedule TO filed with the Securities and Exchange Commission on September 17, 2026 (the "Tender Offer"). The final proration factor for the Tender Offer is 6.99895%.

2. Includes shares acquired from time to time through the Fund's dividend reinvestment plan in transactions exempt from Section 16 pursuant to Rule 16a-11.

	/s/ Brigitta S. Herzfeld	10/22/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)