Herzfeld reports 37.6% stake in Credit Income Fund

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.

Rhea-AI Filing Summary

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.

Key Figures

Beneficial ownership: 772,965 shares Ownership percentage: 37.57% Shares outstanding: 2,002,996 shares +4 more

7 metrics

Beneficial ownership 772,965 shares Aggregate common shares beneficially owned by reporting person

Ownership percentage 37.57% Portion of 2,002,996 shares outstanding as of February 23, 2025

Shares outstanding 2,002,996 shares Issuer’s common stock outstanding as of February 23, 2025

Sole voting/dispositive power 71,412 shares Shares over which Herzfeld has sole voting and dispositive power

Shared voting/dispositive power 701,553 shares Shares in advisory client accounts with shared voting and/or dispositive power

Largest recent purchase 13,573 shares at $16.527 Open-market buy by advisory clients on April 16, 2026

Representative trade price $15.50 per share Multiple advisory client purchases in March 2026

Key Terms

beneficially owns, sole voting power, shared dispositive power, Schedule 13D, +1 more

5 terms

beneficially owns financial

"The aggregate number of shares of common stock to which this relates is 772,965 shares representing 37.57%..."

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

"Number of Shares Beneficially Owned by Each Reporting Person With: 7 | Sole Voting Power 71,412.00"

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 dispositive power financial

"8 | Shared Voting Power 701,553.00 9 | Sole Dispositive Power 71,412.00 10 | Shared Dispositive Power 701,553.00"

Schedule 13D regulatory

"If the filing person has previously filed a statement on Schedule 13G to report the acquisition..."

A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

Advisory clients financial

"On March 17, 2026, through open market transactions, the Advisory clients bought 514 shares at $15.50."

FAQ

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

What ownership stake does Erik M. Herzfeld report in HERZ?

Erik M. Herzfeld reports beneficial ownership of 772,965 common shares of Herzfeld Credit Income Fund, Inc., equal to 37.57% of 2,002,996 shares outstanding as of February 23, 2025. This reflects both his personal holdings and advisory client accounts.

How many HERZ shares does Erik M. Herzfeld control directly vs. through clients?

He has sole voting and dispositive power over 71,412 shares held individually. He has shared voting and/or dispositive power over 701,553 shares held in advisory client accounts, giving a combined beneficial ownership of 772,965 shares of common stock.

What recent trading activity in HERZ is disclosed for advisory clients?

Advisory clients executed multiple open-market trades in March and April 2026, mainly net purchases. Notably, they bought 13,573 shares at $16.527 on April 16, 2026, alongside several smaller buy orders around $15.50–$15.99 per share.

What percentage of HERZ does any single advisory account hold?

The filing states that no individual advisory account currently owns more than 5% of the issuer’s common shares. Each account owner retains the right to receive dividends and sale proceeds for the shares in that particular account.

What is the total number of HERZ shares outstanding used in this filing?

The reported ownership percentages are based on 2,002,996 shares of Herzfeld Credit Income Fund, Inc. common stock outstanding, as reported by the issuer as of February 23, 2025. Herzfeld’s 772,965 shares represent 37.57% of this total.

What type of filing is this HERZ Schedule 13D/A Amendment No. 29?

This document is Amendment No. 29 to Schedule 13D, updating Erik M. Herzfeld’s beneficial ownership in Herzfeld Credit Income Fund, Inc. It details his aggregate stake, voting and dispositive powers, and recent open-market trades by advisory clients.

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

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Accepted by SEC EDGAR 04/20/2026 - 04:50 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. 29)

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 504
Miami Beach, FL, 33139
(305) 777-1660

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

04/16/2026

(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 71,412.00
8	Shared Voting Power 701,553.00
9	Sole Dispositive Power 71,412.00
10	Shared Dispositive Power 701,553.00

11

Aggregate amount beneficially owned by each reporting person

772,965.00

12

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

13

Percent of class represented by amount in Row (11)

38.59 %

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 504, Miami Beach, FLORIDA , 33139.
Item 5.	Interest in Securities of the Issuer
(a)	The aggregate number of shares of common stock to which this Schedule 13D relates is 772,965 shares representing 37.57% of the 2,002,996 shares outstanding as reported by the issuer as of February 23, 2025.
(b)	With respect to the shares of common stock owned individually, the Reporting Person beneficially owns with sole power to vote and dispose of 71,412 shares of common stock. With respect to the Accounts, the Reporting Person beneficially owns with shared power to vote and/or dispose of 701,553 shares of common stock.
(c)	On March 17, 2026, through open market transactions, the Advisory clients bought 514 shares at $15.50. On March 18, 2026, through open market transactions, the Advisory clients bought 606 shares at $15.50 and sold 60 shares at $15.75. On March 19, 2026, through open market transactions, the Advisory clients bought 152 shares at $15.6393. On March 20, 2026, through open market transactions, the Advisory clients bought 3,906 shares at $15.6291. On March 23, 2026, through open market transactions, the Advisory clients bought 9 shares at $15.50. On March 25, 2026, through open market transactions, the Advisory clients bought 1,279 shares at $15.50. On March 27, 2026, through open market transactions the Advisory clients bought 1,726 shares at $15.50. On March 31, 2026, through open market transactions the Advisory clients bought 199 shares at $15.50. On April 1, 2026, through open market transactions, the Advisory clients bought 36 shares at $15.73. On April 9, 2026, through open market transactions, the Advisory clients 623 shares at $15.99. On April 15, 2026, through open market transactions, the Advisory clients bought 1,441 shares at $15.9683. On April 16, 2026, through open market transactions, the Advisory clients bought 13,573 shares at $16.527.
(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:	04/20/2026