Erik Mervin Herzfeld has filed a report detailing a transaction involving 4,998 shares of Herzfeld Credit Income Fund, Inc. This transaction, which occurred on October 20, 2026, is significant as it showcases Herzfeld's active role in managing his holdings within the fund.
Herzfeld Credit Income Fund, Inc. operates in the investment fund sector, focusing on providing income through investments in various securities. The company is based in Miami Beach, Florida, and is incorporated in Maryland. Herzfeld has been involved with the fund for several years, reflecting a long-term commitment to its management.
The filing indicates that the shares were tendered in connection with a tender offer made by the fund, as noted in the footnotes of the filing. Specifically, the amount reported represents shares tendered pursuant to the Tender Offer Statement on Schedule TO filed with the SEC on September 17, 2026. The final proration factor for this tender offer was 6.99895%.
This transaction may affect shareholders and potential investors in Herzfeld Credit Income Fund, as it reflects the fund's ongoing strategies for managing its share structure and capital. Following this transaction, Herzfeld now owns a total of 66,415 shares in the fund, which includes shares acquired through the fund's dividend reinvestment plan.
The filing does not say what happens next.