Major holder updates 36.47% Herzfeld Credit Income stake (HERZ)

Rhea-AI Filing Summary

Erik M. Herzfeld reports beneficial ownership of 730,542 shares of Herzfeld Credit Income Fund, Inc., representing 36.47% of the common stock. This is based on 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 659,131 shares held in advisory accounts. On February 18, 2026, advisory clients sold 1,835 shares at $17.3134. The issuer effected a 10‑to‑1 reverse stock split on February 6, 2026, and the amendment reflects post‑split figures, including rounding of fractional shares.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 27)

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)

02/23/2026

(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).

SCHEDULE 13D

CUSIP No. 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 71,411.00
8	Shared Voting Power 659,131.00
9	Sole Dispositive Power 71,411.00
10	Shared Dispositive Power 659,131.00

11

Aggregate amount beneficially owned by each reporting person

730,542.00

12

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

13

Percent of class represented by amount in Row (11)

36.47 %

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 730,542 shares representing 36.47% 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 659,131 shares of common stock.
(c)	On February 18, 2026 through open market transactions, the Advisory clients sold 1,835 shares at $17.3134. Effective February 6, 2026 at 5:00pm, the issuer effected a 10-to-1 reverse stock split. This amendment reports the relevant information on a postsplit basis and reflects the ownership of additional shares due to the rounding up of fractional shares in connection with the reverse stock split.
(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:	02/25/2026

FAQ

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

Erik M. Herzfeld reports beneficially owning 730,542 shares, or 36.47% of HERZ. This percentage is calculated against 2,002,996 shares of common stock outstanding as of February 23, 2025, giving him a significant disclosed stake in the Herzfeld Credit Income Fund, Inc.

How are Erik M. Herzfeld’s HERZ shares split between sole and shared power?

Herzfeld has sole power over 71,411 HERZ shares and shared power over 659,131. Sole power covers both voting and disposition of his individual holdings, while shared power applies to advisory client accounts where he can vote and/or dispose of their common stock positions.

What reverse stock split did Herzfeld Credit Income Fund (HERZ) complete?

The fund completed a 10‑to‑1 reverse stock split effective February 6, 2026 at 5:00 p.m. The amendment reports all ownership information on a post‑split basis and includes additional shares resulting from rounding up fractional shares created by the reverse split transaction.

What recent HERZ trading activity by advisory clients is disclosed?

On February 18, 2026, advisory clients sold 1,835 HERZ shares at $17.3134 in open market trades. These sales slightly reduced the advisory accounts’ holdings but did not change the overall reporting framework of Herzfeld’s beneficial ownership under Schedule 13D/A.

How many HERZ shares were outstanding for the 36.47% calculation?

The 36.47% ownership is based on 2,002,996 HERZ common shares outstanding. This outstanding share count was reported by the issuer as of February 23, 2025 and is used as the denominator for calculating Herzfeld’s disclosed beneficial ownership percentage.

Do any individual advisory accounts hold over 5% of HERZ shares?

No individual advisory account holds more than 5% of HERZ common shares. Each account owner retains the right to receive dividends and sale proceeds from their shares, but their individual positions remain below the 5% beneficial ownership threshold reported in this Schedule 13D/A.