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Herzfeld Credit Income Fund announced preliminary results of its cash tender offer to purchase up to 5% of its shares (845,433 shares) at 97.5% of its NAV ($2.5935 per share) as of Oct. 15, 2025. A total of 11,603,885 shares were tendered, exceeding the offer limit, so shares will be purchased on a pro-rata basis. The final results are expected to be announced by Oct. 20, 2025.
2025-10-16 20:15
<p>Herzfeld Credit Income Fund (NASDAQ: HERZ) has launched a Tender Offer to repurchase up to 5% of its outstanding shares at 97.5% of NAV. The offer, announced on August 25, 2025, allows shareholders to tender their shares for cash at a price determined as of October 15, 2025. Important details are outlined in the Offer to Purchase and related documents, available on the SEC website and the Fund's website. Shareholders seeking additional informa...
2025-09-17 14:36
Thomas J. Herzfeld Advisors, Inc. announced that the Herzfeld Credit Income Fund will initiate a tender offer in September 2025 to address the fund’s trading price discount to its net asset value (NAV). The offer, which is part of a continuance of a previously approved plan, will allow the fund to repurchase up to 5% of its outstanding shares at 97.5% of NAV if the average discount exceeds 10% for the recently ended fiscal year. The official tend...
2025-08-25 20:40
Herzfeld Credit Income Fund, Inc. announces that its Board of Directors has approved amendments to the Fund's Dividend Reinvestment Plan. The changes allow the Fund to issue new shares to participants regardless of whether the Fund's common stock is trading at a premium or discount to its NAV. Additionally, the number of shares distributed will be determined by dividing the distribution amount by 95% of either the market price per share or the av...
2025-07-16 20:00