Thomas J. Herzfeld Advisors, Inc., an SEC-registered investment advisor, today announced its intention to commence a Tender Offer by Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) (the "Fund") beginning not later than October 31, 2026, in accordance with the Fund’s ongoing plan to address the Fund’s trading price discount to its net asset value ("NAV"). The Fund’s Board of Directors approved a continuation of the plan that was previously announced on May 31, 2019, and subsequently modified and extended to June 30, 2027 by the Fund’s Board of Directors (the "Plan").

Under the Plan, the Fund has undertaken to commence a tender offer by October 31, 2026 for up to 5% of the Fund’s outstanding shares at 97.5% of NAV if the average discount was greater than 10% for the fiscal year just ended.

The formal offer and detailed terms of the tender offer will be announced in the coming days.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.