Herzfeld Credit Income amended report lists 37.5% stake

The reported position represents 37.50% of the shares outstanding that the issuer reported on August 31, 2026.

Rhea-AI Filing Summary

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.

Filing Explained

This amendment reports 756,694 shares as beneficially owned in aggregate, including individually held shares and advisory accounts; account owners have rights to dividends and sale proceeds, and no account owner individually holds more than 5%, so the reported total is not one account holder’s economic stake.

Key Figures

Aggregate beneficial ownership: 756,694 shares Ownership percentage: 37.50% Shares outstanding: 2,017,725 shares +2 more

5 metrics

Aggregate beneficial ownership 756,694 shares HERZ common stock

Ownership percentage 37.50% Of shares outstanding reported by the issuer as of August 31, 2026

Shares outstanding 2,017,725 shares As reported by the issuer as of August 31, 2026

Open-market sale 6,305 shares at $15.7502 Advisory clients, September 21, 2026

Open-market sale 2,600 shares at $15.7358 Advisory clients, September 24, 2026

Key Terms

Issuer dividend reinvestment program, beneficially owns, open market transactions

3 terms

Issuer dividend reinvestment program financial

"through the Issuer dividend reinvestment program received"

beneficially owns financial

"Reporting Person beneficially owns with sole power to vote and dispose"

Beneficially owns means a person or entity enjoys the economic benefits and control of a security even if the legal title or registration is held in another name. Think of it like having the keys and profits from a car that is registered to a friend: you use it, benefit from it, and make decisions about it even though the official paperwork lists someone else. For investors, this matters because it reveals who truly controls shares, affects voting power, potential conflicts of interest, and regulatory disclosure obligations.

open market transactions financial

"through open market transactions"

Open market transactions are the buying and selling of a company’s shares or other securities conducted on public exchanges or through the wider market rather than through private deals or negotiated placements. They matter to investors because these trades change supply and demand in real time—like shoppers affecting a store’s inventory—and so can move prices, signal management or investor sentiment, affect liquidity, and alter ownership stakes that influence future returns and risk.

FAQ

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

How many HERZ shares did the report say were beneficially owned?

The report states aggregate beneficial ownership of 756,694 HERZ common shares, representing 37.50% of the 2,017,725 shares outstanding reported by the issuer as of August 31, 2026.

What prices did HERZ advisory clients receive under the dividend reinvestment program?

Advisory clients received shares at $15.333 on July 31, 2026, and at $15.1763 on August 31, 2026, through the issuer's dividend reinvestment program.

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

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Available on EDGAR 09/28/2026 - 04:16 PM Accepted by SEC EDGAR 09/28/2026 - 04:15 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 30)

Herzfeld Credit Income Fund, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

42804T205

(CUSIP Number)

Thomas K. Morgan
119 Washington Ave., Suite 405
Miami Beach, FL, 33139
(305) 777-1660

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

09/24/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 42804T205

1

Name of reporting person

Erik M. Herzfeld, et al.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF, OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 71,413.00
8	Shared Voting Power 685,281.00
9	Sole Dispositive Power 71,413.00
10	Shared Dispositive Power 685,281.00

11

Aggregate amount beneficially owned by each reporting person

756,694.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

37.50 %

14

Type of Reporting Person (See Instructions)

IN, IA

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock
(b)	Name of Issuer: Herzfeld Credit Income Fund, Inc.
(c)	Address of Issuer's Principal Executive Offices: 119 Washington Ave., Suite 405, Miami Beach, FLORIDA , 33139.
Item 3.	Source and Amount of Funds or Other Consideration
	On July 31, 2026, the Advisory clients through the Issuer dividend reinvestment program received 2,773.4016 shares at $15.333. On August 31, 2026, the Advisory clients through the Issuer dividend reinvestment program received 2,834.8335 shares at $15.1763.
Item 5.	Interest in Securities of the Issuer
(a)	The aggregate number of shares of common stock to which this Schedule 13D relates is 756,694 shares representing 37.50% of the 2,017,725 shares outstanding as reported by the issuer as of August 31, 2026.
(b)	With respect to the shares of common stock owned individually, the Reporting Person beneficially owns with sole power to vote and dispose of 71,413 shares of common stock. With respect to the Accounts, the Reporting Person beneficially owns with shared power to vote and/or dispose of 686,434 shares of common stock.
(c)	On July 22, 2026, through open market transactions, the Advisory clients bought 252 shares at $16.8049. On July 27, 2026, through open market transactions, the Advisory clients bought 560 shares at $16.2184. On July 28, 2026, through open market transactions, the Advisory clients sold 828 shares at $16.0319. On July 29, 2026, through open market transactions, the Advisory clients sold 21 shares at $15.88 and bought 990 shares at $15.6395. On July 30, 2026, through open market transactions, the Advisory clients sold 5 shares at $16.00. On July 31, 2026, the Advisory clients through the Issuer dividend reinvestment program received 2,773.4016 shares at $15.333. On August 4, 2026, through open market transactions, the Advisory clients sold 50 shares at $16.155. On August 5, 2026, through open market transactions, the Advisory clients sold 273 shares at $16.08 and bought 392 shares at $16.0796. On August 6, 2026, through open market transactions, the Advisory clients sold 2,242 shares at $16.30 and bought 126 shares at $15.84. On August 10, 2026, through open market transactions, the Advisory clients bought 1 share at $16.00. On August 11, 2026, through open market transactions, the Advisory clients sold 852 shares at $16.3052. On August 14, 2026, through open market transactions, the Advisory clients bought 161 shares at $16.2691. On August 18, 2026, through open market transactions, the Advisory clients sold 2,008 shares at $15.9979 and bought 499 shares at $16.10. On August 19, 2026, through open market transactions, the Advisory clients bought 772 shares at $15.9991. On August 20, 2026, through open market transactions, the Advisory clients bought 148 shares at $15.89. On August 21, 2026, through open market transactions, the Advisory clients bought 1,137 shares at $16.00. On August 24, 2026, through open market transactions, the Advisory clients bought 316 shares at $15.98. On August 25, 2026, through open market transactions, the Advisory clients bought 663 shares at $16.0421. On August 27, 2026, through open market transactions, the Advisory clients bought 398 shares at $15.99. On August 27, 2026, through open market transactions, the Advisory clients sold 788 shares at $16.21. On August 31, 2026, the Advisory clients through the Issuer dividend reinvestment program received 2,834.8335 shares at $15.1763. On September 3, 2026, through open market transactions, the Advisory clients bought 136 shares at $15.94. On September 4, 2026, through open market transactions, the Advisory clients sold 115 shares at $16.47. On September 8, 2026, through open market transactions, the Advisory clients sold 2,813 shares at $16.4985 and bought 2,519 shares at $16.2495. On September 11, 2026, through open market transactions, the Advisory clients sold 118 shares at $16.31 and bought 18 shares at $16.13. On September 14, 2026, through open market transactions, the Advisory clients sold 1,036 shares at $16.2427. On September 15, 2026, through open market transactions, the Advisory clients sold 128 shares at $16.27. On September 16, 2026, through open market transactions, the Advisory clients sold 1,835 shares at $15.7545 and bought 3 shares at $15.75. On September 17, 2026, through open market transactions, the Advisory clients sold 4,488 shares at $15.8091. On September 18, 2026, through open market transactions, the Advisory clients sold 2,947 shares at $15.7225. On September 21, 2026, through open market transactions, the Advisory clients sold 6,305 shares at $15.7502. On September 22, 2026, through open market transactions, the Advisory clients sold 5,802 shares at $15.7911. On September 23, 2026, through open market transactions, the Advisory clients sold 3,834 shares at $15.7739. On September 24, 2026, through open market transactions, the Advisory clients sold 2,600 shares at $15.7358. On September 25, 2026, through open market transactions, the Advisory clients sold 1,153 shares at $15.73.
(d)	The owner of each of the Accounts individually has the right to receive and the power to direct the receipt of dividends from, or proceeds from the sale of, the shares of common stock. To date no owner of an Account holds more than 5% of the Issuer's common shares.
(e)	Not applicable.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Erik M. Herzfeld, et al.

Signature:	/s/ Erik M. Herzfeld
Name/Title:	Erik M. Herzfeld, President
Date:	09/28/2026