Herzfeld Credit Income Fund, Inc. filings document shareholder governance for a closed-end fund, including proxy materials for its annual meeting of stockholders. The Fund’s definitive proxy statement covers director elections, board-class matters, meeting procedures, and voting items submitted to common stockholders. These disclosures sit alongside the Fund’s public-company context as a Nasdaq-listed closed-end management investment company.
Herzfeld Credit Income Fund, Inc. common stock was the subject of reported trades by advisory clients, while Erik M. Herzfeld and other reporting persons reported 690,033 shares of beneficial ownership, or 34.13% of the 2,021,875 shares outstanding as of September 30, 2026. The reported power figures were 71,413 shares with sole voting and dispositive power and 618,620 shares with shared voting and dispositive power.
Among the transactions, advisory clients sold 24,831 shares at $15.0696 on October 6, 2026 and 30,909 shares at $14.8913 on October 7, 2026, through open-market transactions. They also bought 126 shares at $15.27 on September 28 and received shares through the issuer's dividend reinvestment program on September 30. Erik M. Herzfeld signed as President; Thomas K. Morgan is listed as the person authorized to receive notices.
Herzfeld Credit Income Fund, Inc. (HERZ) is the issuer whose Schedule 13D amendment reports Thomas J. Herzfeld et al.’s beneficial ownership of 820,755 common shares, representing 40.59% of the 2,021,875 shares outstanding as of September 30, 2026. The reported amount includes 202,135 shares with sole voting and dispositive power and 618,620 shares in Accounts over which the reporting person had shared power to vote and/or dispose.
Advisory clients reported open-market sales from September 29 through October 7, including 24,831 shares at $15.0696 on October 6 and 30,909 shares at $14.8913 on October 7. On September 30, advisory clients received 3,027 shares and Thomas J. Herzfeld received 1,089 shares through the dividend reinvestment program, at $14.2786 per share.
Herzfeld Credit Income Fund, Inc. reported that Thomas J. Herzfeld, et al. beneficially owned 874,645 common shares, or 43.35% of the fund’s common stock. The issuer reported 2,017,725 shares outstanding as of August 31, 2026. The reported position includes 201,046 shares with sole voting and dispositive power and 673,599 shares with shared voting and dispositive power.
Advisory clients reported open-market purchases and sales, with transactions listed through September 29, 2026. On September 28, they sold 9,383 shares at $15.4041 and bought 126 shares at $15.27; on September 29, they sold 2,425 shares at $15.4719. The statement also reports shares received through the dividend reinvestment program by advisory clients and Mr. Herzfeld on July 31 and August 31.
Herzfeld Credit Income Fund, Inc. (HERZ) is the issuer in an amended beneficial-ownership report signed by Erik M. Herzfeld, President. Thomas K. Morgan is listed as the person authorized to receive notices and communications. The report states aggregate beneficial ownership of 756,694 common shares, representing 37.50% of the 2,017,725 shares outstanding that the issuer reported as of August 31, 2026. It describes Advisory clients' open-market purchases and sales from July 22 through September 25, 2026, and share receipts through the issuer's dividend reinvestment program on July 31 and August 31. For example, clients sold 6,305 shares at $15.7502 on September 21 and 2,600 shares at $15.7358 on September 24.
Herzfeld Credit Income Fund, Inc. (HERZ) has conducted an issuer tender offer to repurchase up to 100,886 common shares, equal to 5% of its outstanding shares, for cash at 97.5% of net asset value (NAV) per share as of the offer’s Termination Date. The fund is a non-diversified, closed-end management investment company organized in Maryland. As of August 31, 2026, 2,017,725 common shares were issued and outstanding, and the Articles of Incorporation authorize up to 100,000,000 shares. The shares trade on the NASDAQ Capital Market, and directors and officers are permitted to tender on the same terms as all other shareholders.
Herzfeld Credit Income Fund, Inc. (HERZ) announced its intention to commence a self-tender offer by October 31, 2026 for up to 5% of its outstanding Common Stock, open only to current stockholders. Detailed terms will be provided in a forthcoming Schedule TO filing with the SEC.
Herzfeld Credit Income Fund, Inc. (HERZ) reported net assets of $39.2 million and a net asset value (NAV) of $19.51 per share as of June 30, 2026, with a market price of $17.20, reflecting an 11.84% discount to NAV.
For the fiscal year, total return was -0.20% on NAV and -8.34% on market price, while the portfolio shift into structured credit limited losses versus the Flat Rock CLO Equity Returns Index at -21.45% from June 2025–March 2026. The fund generated $3.24 million in investment income and $1.43 million in net investment income, but recorded a $278,715 net decrease in net assets from operations after unrealized losses. Distributions totaled $12.1 million, including $11.24 million of long-term capital gains and $807,859 of ordinary income, supported by realized gains and prior appreciation.
The fund completed a strategic shift effective July 1, 2025, to focus on credit-related instruments, especially CLO and CFO equity and debt, fixed-income closed-end funds, and interval funds; key allocations at year-end included 36.05% of NAV in fixed income CEFs, 15.12% in CLO CEFs, and 9.44% in CFO equity, with portfolio turnover at 96%. A 1-for-10 reverse share split on February 6, 2026, increased per-share NAV without changing total net assets, and the fund continues to carry significant Level 3 positions such as Evermore Bank and Dawson Partners structures under board-approved fair value policies.
Herzfeld Credit Income Fund, Inc. filed a supplemented and restated prospectus covering the primary offering of up to $109,000,000 of common stock and subscription rights. Securities may be sold in multiple transactions, including through underwriters, dealers, agents or "at-the-market" offerings, with specific terms set in future supplements.
The Fund is a non-diversified, closed-end NASDAQ-listed fund ("HERZ") focused on a CLO equity and junior debt strategy, with at least 80% of net assets and investment borrowings in credit-related instruments. As of April 30, 2026, NAV per share was $19.91, net assets were about $39.9 million, and 2,002,996 shares were outstanding, while the market price traded at a discount.
Total estimated annual expenses are 5.82% of net assets, including a 1.25% management fee on Managed Assets and 2.81% acquired fund fees. The Fund may use leverage up to 1940 Act limits and invests primarily in below-investment-grade CLO tranches and related credit instruments, subject to extensive risk factors including leverage, credit, CLO structure, liquidity, and market risks.
Herzfeld Credit Income Fund, Inc. received an amended Schedule 13D showing that Thomas J. Herzfeld and related advisory accounts beneficially own 898,801 shares of common stock, or 44.87% of the 2,002,996 shares outstanding as of February 23, 2025.
Herzfeld holds 197,248 shares with sole voting and dispositive power, and has shared voting and/or dispositive power over 701,553 shares held in advisory client accounts. The filing details numerous open market purchases and smaller sales between March 5 and April 16, 2026, reflecting active trading that maintains a large, controlling-level stake. No individual advisory account currently holds more than 5% of the issuer’s common shares.
Erik M. Herzfeld reports beneficial ownership of 772,965 shares of Herzfeld Credit Income Fund, Inc., representing 37.57% of the 2,002,996 common shares outstanding as of February 23, 2025. This includes 71,412 shares over which he has sole voting and dispositive power and 701,553 shares held in advisory client accounts where he shares voting and/or dispositive power.
During March and April 2026, advisory clients executed multiple open-market trades, with net purchases including 13,573 shares at $16.527 on April 16, 2026 and several smaller buys around $15.50–$15.99 per share. No individual client account currently holds more than 5% of the issuer’s common shares.