Major HERZ holder Erik Herzfeld reports 37.57% stake in Schedule 13D/A

Rhea-AI Filing Summary

Erik M. Herzfeld reports updated ownership in Herzfeld Credit Income Fund, Inc., disclosing beneficial ownership of 752,442 common shares. This represents 37.57% of the 2,002,996 shares outstanding as of February 23, 2025.

He has sole voting and dispositive power over 71,411 shares and shared power over 681,031 shares held in advisory accounts. The filing details recent open-market activity in March 2026, with advisory clients primarily buying shares in multiple transactions at prices around the mid‑$15 range, alongside small sales.

Insights

Equity ownership & governance analyst

Herzfeld group discloses a sizable 37.57% stake with active trading in March 2026.

Erik M. Herzfeld and related advisory accounts collectively report beneficial ownership of 752,442 common shares of Herzfeld Credit Income Fund, Inc., equal to 37.57% of the 2,002,996 shares outstanding as of February 23, 2025. This makes the reporting group a major holder with significant voting influence.

The filing distinguishes 71,411 shares over which Herzfeld has sole voting and dispositive power from 681,031 shares in advisory accounts where power is shared. March 2026 trading shows several open-market purchases and small sales around $15–$16 per share, suggesting ongoing portfolio adjustments rather than a single large block trade.

No individual advisory account reportedly holds more than 5% of the issuer’s common shares, so influence is concentrated at the reporting-person level rather than any single client. Future Schedule 13D or 13D/A amendments may clarify changes in this stake or shifts between sole and shared voting power.

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Accepted by SEC EDGAR 03/17/2026 - 04:30 PM Learn about SEC filing dates

FAQ

What ownership stake in HERZ does Erik M. Herzfeld report in this Schedule 13D/A?

Erik M. Herzfeld reports beneficial ownership of 752,442 shares of Herzfeld Credit Income Fund, Inc. common stock, representing 37.57% of the 2,002,996 shares outstanding as of February 23, 2025, making him a major shareholder with significant voting influence.

How are HERZ shares split between sole and shared voting power in this filing?

The filing states Herzfeld has sole voting and dispositive power over 71,411 shares and shared voting and/or dispositive power over 681,031 shares held in advisory accounts, defining how control over the total 752,442 beneficially owned shares is allocated between direct and client-related holdings.

What recent HERZ trading activity by advisory clients is disclosed in the Schedule 13D/A?

Advisory clients executed several March 2026 open‑market trades: multiple purchases and small sales between $15.2522 and $15.8669 per share, including a 14,340‑share buy on March 2 and 5,362‑share buy on March 13, reflecting ongoing position adjustments rather than one large transaction.

What is the total number of HERZ shares outstanding referenced in this ownership report?

The 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 752,442 beneficially owned shares correspond to 37.57% of this outstanding share count.

Do any individual advisory accounts exceed 5% ownership of HERZ according to this document?

The filing explicitly states that no owner of an individual advisory account holds more than 5% of Herzfeld Credit Income Fund, Inc.’s common shares. Beneficial ownership above the 5% threshold is therefore aggregated at the reporting person level rather than concentrated in a single client account.

What is the citizenship and source of funds for the HERZ reporting person in this Schedule 13D/A?

The reporting person, Erik M. Herzfeld, is identified as a citizen of the United States, with the source of funds listed as PF (personal funds). This clarifies both his nationality and that personal capital underlies the reported beneficial ownership position.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 28)

Herzfeld Credit Income Fund, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

(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)

03/13/2026

(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 No.

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 71,411.00
8	Shared Voting Power 681,031.00
9	Sole Dispositive Power 71,411.00
10	Shared Dispositive Power 681,031.00

11

Aggregate amount beneficially owned by each reporting person

752,442.00

12

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

13

Percent of class represented by amount in Row (11)

37.57 %

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 752,442 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 71,411 shares of common stock. With respect to the Accounts, the Reporting Person beneficially owns with shared power to vote and/or dispose of 681,031 shares of common stock.
(c)	On March 2, 2026, through open market transactions, the Advisory clients bought 14,340 shares at $15.3832. On March 3, 2026, through open market transactions, the Advisory clients bought 2,613 shares at $15.7734. On March 5, 2026, through open market transactions, the Advisory clients bought 278 shares at $15.8669 and sold 41 shares at $15.605. On March 6, 2026, through open market transactions, the Advisory clients bought 153 shares at $15.70. On March 9, 2026, through open market transactions, the Advisory clients sold 795 shares at $15.82. On March 13, 2026, through open market transactions, the Advisory clients bought 5,362 shares at $15.2522.
(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:	03/17/2026