Herzfeld Credit Income Fund, Inc. Declares Year-End Distribution in Stock and Cash; Fund Updates

Herzfeld Credit Income Fund, Inc. (Nasdaq: HERZ) (the “Fund”) today declared a year-end distribution to stockholders and provided updates on the Fund’s strategy transition and operations. The estimated amount of the distribution is approximately $11,031,035 which is expected to be characterized as long-term capital gains. The Fund has announced a distribution to be paid as follows: The distribution to stockholders will be paid in cash or shares of the Fund’s common stock at the election of stockholders. The total amount of cash distributed to all stockholders will be limited to 20% of the total distribution to be paid, excluding any cash paid for fractional shares. The remainder of the distribution (approximately 80%) will be paid in the form of shares of the Fund’s common stock. The exact distribution of cash and stock to any given stockholder will be dependent upon his/her election as well as elections of other stockholders, subject to the pro-rata limitation. The number of shares of common stock to be issued to stockholders receiving all or a portion of the distribution in shares of common stock will be based on the volume weighted average price per share of common stock on the Nasdaq Capital Market on December 12, 15 and 16, 2025.... Read more

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