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. received an updated ownership report from longtime holder Thomas J. Herzfeld and related advisory accounts. They now beneficially own 8,523,628 common shares, equal to 43.75% of the 19,483,671 shares outstanding as of December 30, 2025.
The filing details a December 30, 2025 distribution of $0.6867 per share, paid about 20% in cash and 80% in stock, based on each investor’s election and an overall cash cap. Mr. Herzfeld received 313,441 shares and advisory clients 1,141,754 shares in stock. Numerous open-market buys and sells around $1.90–$2.76 per share are listed. The issuer effected a 10‑to‑1 reverse stock split effective February 6, 2026, but all amounts in this amendment are reported on a pre-split basis, and no single advisory account holds more than 5% of the fund’s common shares.
Herzfeld Credit Income Fund, Inc. reported that Chairman of the Advisor Thomas J. Herzfeld received additional common shares through a fund distribution. On December 30, 2025, the fund paid a distribution of $0.6867 per share to stockholders, which could be taken in cash or common stock, with total cash for all stockholders capped at 20% of the total payout.
Approximately 80% of this December 2025 distribution was paid in shares of common stock. The stock portion was valued using a price of $2.5799 per share, based on the volume-weighted average trading price on December 12, 15 and 16, 2025. In connection with this distribution, Mr. Herzfeld received 313,441 shares, bringing his directly held beneficial ownership to 1,856,241 common shares of the fund.
Herzfeld Credit Income Fund, Inc. has an updated ownership report from major holder Erik M. Herzfeld and related advisory clients. They beneficially own 7,394,580 shares of common stock, equal to 37.85% of the fund’s 19,483,671 shares outstanding as of December 30, 2025, combining 714,113 shares over which he has sole voting and dispositive power and 6,680,467 shares over which he shares that power.
The fund paid a $0.6867 per-share cash and stock distribution on December 30, 2025, with total cash limited to 20% of the payout and the remainder in stock priced at $2.5799 per share. In this distribution, Mr. Herzfeld received 120,584 shares and advisory clients received 1,140,165 shares. Advisory client accounts also sold blocks of shares in open market trades between December 24, 2025 and January 7, 2026 at prices between $1.9612 and $2.7619 per share.
Herzfeld Credit Income Fund, Inc. (HERZ) filed a Form 4 indicating that the reporting person is a retired director. The filing notes it is made solely to check the exit box for board member retirement, and does not report any acquisitions or disposals of the company’s securities. This means the individual is no longer serving on the board and is updating insider reporting status accordingly.
Herzfeld Credit Income Fund (HERZ) reported an insider transaction on Form 4. On 10/21/2025, the reporting person disposed of 121,238 shares of common stock at $2.5935 per share in connection with the issuer’s tender offer.
Following the transaction, the insider beneficially owned 1,542,799 shares, held directly. The filing notes the shares were tendered pursuant to the Fund’s tender offer, with a final proration factor of 7.2858%. The reporting person’s relationship to the issuer is listed as Chairman of the Advisor.
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.