Herzfeld Credit Income Fund reports 34.13% group stake

Advisory clients made open-market sales through October 7, while the reported share position includes both sole and shared voting and dispositive power.

Rhea-AI Filing Summary

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.

Filing Explained

This amendment clarifies that the reported shared voting and disposition power over 618,620 advisory-account shares sits alongside account owners’ rights to direct dividends and sale proceeds; no account owner individually holds more than 5% of the fund’s shares.

Key Figures

Reported beneficial ownership: 690,033 shares Ownership percentage: 34.13% Shares outstanding: 2,021,875 shares +4 more

7 metrics

Reported beneficial ownership 690,033 shares Aggregate amount reported by Erik M. Herzfeld and other reporting persons.

Ownership percentage 34.13% Of the issuer's common shares outstanding as of September 30, 2026.

Shares outstanding 2,021,875 shares As reported by the issuer as of September 30, 2026.

Sole voting and dispositive power 71,413 shares Reported power over common shares.

Shared voting and dispositive power 618,620 shares Reported power over common shares.

Shares sold October 6, 2026 24,831 shares at $15.0696 Advisory clients; open-market transaction.

Shares sold October 7, 2026 30,909 shares at $14.8913 Advisory clients; open-market transaction.

Key Terms

beneficially owns, sole voting power, shared power to vote and/or dispose of, dividend reinvestment program, +1 more

5 terms

beneficially owns financial

"beneficially owns with sole power to vote and dispose of"

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.

sole voting power financial

"Sole Voting Power"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

shared power to vote and/or dispose of financial

"beneficially owns with shared power to vote and/or dispose of"

dividend reinvestment program financial

"through the Issuer dividend reinvestment program"

A dividend reinvestment program lets investors automatically use cash dividends to buy more shares of the same company instead of taking the money as cash. Think of it like an automatic savings plan that turns small payouts into additional ownership, often including fractional shares, which can speed up compound growth and reduce the need for manual buying decisions — a convenience that can boost long-term returns for shareholders.

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 reporting persons beneficially own?

The reported aggregate beneficial ownership was 690,033 shares, representing 34.13% of the 2,021,875 common shares outstanding as of September 30, 2026.

How many HERZ shares did advisory clients sell on October 6 and October 7, 2026?

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.

What HERZ trades did advisory clients report on September 28, 2026?

Through open-market transactions, advisory clients sold 9,383 shares at $15.4041 and bought 126 shares at $15.27 on September 28, 2026.

Who receives dividends or sale proceeds from HERZ shares held in the accounts?

The owner of each account individually has the right to receive, and the power to direct receipt of, dividends or proceeds from sales of the shares. The statement also says that, to date, no account owner holds more than 5% of the issuer's common shares.

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

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Available on EDGAR 10/08/2026 - 04:16 PM Accepted by SEC EDGAR 10/08/2026 - 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. 31)

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)

10/06/2026

(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 618,620.00
9	Sole Dispositive Power 71,413.00
10	Shared Dispositive Power 618,620.00

11

Aggregate amount beneficially owned by each reporting person

690,033.00

12

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

13

Percent of class represented by amount in Row (11)

34.13 %

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 September 30, 2026, the Advisory clients through the Issuer dividend reinvestment program received 3,027.4263 shares at $14.2786.
Item 5.	Interest in Securities of the Issuer
(a)	The aggregate number of shares of common stock to which this Schedule 13D relates is 690,033 shares representing 34.13% of the 2,021,875 shares outstanding as reported by the issuer as of September 30, 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 618,620 shares of common stock.
(c)	On September 25, 2026, through open market transactions, the Advisory clients sold 1,153 shares at $15.73. On September 28, 2026, through open market transactions, the Advisory clients sold 9,383 shares at $15.4041 and bought 126 shares at $15.27. On September 29, 2026, through open market transactions, the Advisory clients sold 2,425 shares at $15.4719. On September 30, 2026, through open market transactions, the Advisory clients sold 38 shares at $15.36. On September 30, 2026, the Advisory clients through the Issuer dividend reinvestment program received 3,027 shares at $14.2786. On October 1, 2026, through open market transactions, the Advisory clients sold 2,035 shares at $15.7059. On October 2, 2026, through open market transactions, the Advisory clients sold 2 shares at $15.455. On October 5, 2026, through open market transactions, the Advisory clients sold 222 shares at $15.311. On October 6, 2026, through open market transactions, the Advisory clients sold 24,831 shares at $15.0696. On October 7, 2026, through open market transactions, the Advisory clients sold 30,909 shares at $14.8913
(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:	10/08/2026