Herzfeld Credit Income Fund reports 40.59% group stake

The ownership breakdown distinguishes individually held shares from advisory-account shares subject to shared voting or disposition power.

Rhea-AI Filing Summary

Herzfeld Credit Income Fund, Inc. (HERZ) is the issuer whose Schedule 13D amendment reports Thomas J. Herzfeld et al.’s beneficial ownership of 820,755 common shares, representing 40.59% of the 2,021,875 shares outstanding as of September 30, 2026. The reported amount includes 202,135 shares with sole voting and dispositive power and 618,620 shares in Accounts over which the reporting person had shared power to vote and/or dispose.

Advisory clients reported open-market sales from September 29 through October 7, including 24,831 shares at $15.0696 on October 6 and 30,909 shares at $14.8913 on October 7. On September 30, advisory clients received 3,027 shares and Thomas J. Herzfeld received 1,089 shares through the dividend reinvestment program, at $14.2786 per share.

Filing Explained

The reported 40.59% beneficial stake is not all held economically by one account owner: Herzfeld reports shared voting or disposition power over 618,620 account shares, while each account owner may receive dividends or sale proceeds and none holds more than 5%.

Key Figures

Aggregate beneficial ownership: 820,755 shares Percentage of class: 40.59% Shares outstanding: 2,021,875 shares +5 more

8 metrics

Aggregate beneficial ownership 820,755 shares Reported by Thomas J. Herzfeld et al.

Percentage of class 40.59% Of 2,021,875 shares outstanding as of September 30, 2026

Shares outstanding 2,021,875 shares As of September 30, 2026

Sole voting and dispositive power 202,135 shares Shares owned individually

Shared voting and dispositive power 618,620 shares Shares in the Accounts

Open-market sale 24,831 shares at $15.0696 per share Advisory clients, October 6, 2026

Open-market sale 30,909 shares at $14.8913 per share Advisory clients, October 7, 2026

Dividend reinvestment shares 3,027 shares Advisory clients, September 30, 2026, at $14.2786 per share

Key Terms

dividend reinvestment program, beneficially owns, shared power to vote and/or dispose

3 terms

dividend reinvestment program financial

"through the 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.

beneficially owns regulatory

"the Reporting Person beneficially owns with sole power"

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.

shared power to vote and/or dispose regulatory

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

FAQ

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

How many HERZ shares does Thomas J. Herzfeld et al. report beneficially owning?

The reported aggregate is 820,755 shares, representing 40.59% of 2,021,875 shares outstanding as of September 30, 2026. The amount includes 202,135 shares with sole voting and dispositive power and 618,620 shares with shared power to vote and/or dispose.

What open-market sales did HERZ advisory clients report?

The advisory clients sold 2,425 shares at $15.4719 on September 29, 2026; 38 at $15.36 on September 30; 2,035 at $15.7059 on October 1; 2 at $15.455 on October 2; 222 at $15.311 on October 5; 24,831 at $15.0696 on October 6; and 30,909 at $14.8913 on October 7.

How many HERZ shares were received through the dividend reinvestment program?

On September 30, 2026, advisory clients received 3,027 shares and Thomas J. Herzfeld received 1,089 shares through the dividend reinvestment program, at $14.2786 per share.

Does any HERZ advisory-account owner hold more than 5% of the common shares?

The disclosure states that, to date, no owner of an Account holds more than 5% of Herzfeld Credit Income Fund, Inc.’s common shares.

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

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Available on EDGAR 10/08/2026 - 04:15 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. 38)

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

Thomas J. 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 202,135.00
8	Shared Voting Power 618,620.00
9	Sole Dispositive Power 202,135.00
10	Shared Dispositive Power 618,620.00

11

Aggregate amount beneficially owned by each reporting person

820,755.00

12

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

13

Percent of class represented by amount in Row (11)

40.59 %

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 405, Miami Beach, FLORIDA , 33139.
Item 3.	Source and Amount of Funds or Other Consideration
	On September 30, 2026, the Advisory clients through the dividend reinvestment program received 3,027.4263 shares, and Mr. T. Herzfeld received 1,088.7762 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 820,755 shares representing 40.59% 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 202,135 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 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 dividend reinvestment program received 3,027.4263 shares, and Mr. T. Herzfeld received 1,088.7762 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.

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.

Thomas J. Herzfeld, et al.

Signature:	/s/ Thomas J. Herzfeld
Name/Title:	Thomas J. Herzfeld, Chairman
Date:	10/08/2026