4/A: HERZ: Chairman Herzfeld Boosts Stake via Distribution

Thomas J. Herzfeld, Chairman of the Advisor for Herzfeld Credit Income Fund, reported an acquisition of 313,439 common shares as part of a December 2025 distribution.

Summary

• This is an amendment to a previously filed Form 4, originally filed on January 2, 2026.
• Thomas J. Herzfeld, identified as the Chairman of the Advisor for Herzfeld Credit Income Fund, Inc. (HERZ), reported a change in beneficial ownership.
• On December 30, 2025, the Fund paid a distribution of $0.6867 per share to stockholders.
• The distribution was paid in a combination of cash and shares of common stock, with cash limited to 20% of the total distribution.
• The remaining approximately 80% of the distribution was paid in shares of the Fund's common stock.
• The price per share used for the stock portion of the distribution was $2.5799, based on the volume-weighted average price on December 12, 15, and 16, 2025.
• Mr. Herzfeld acquired 313,439 shares of common stock through this December 2025 Distribution.
• Following this transaction, Mr. Herzfeld beneficially owns 1,856,239 shares of common stock.

Sentiment

Score: 6

Explanation: Slightly positive due to an insider increasing their stake, even if through a distribution, which can be interpreted as a sign of confidence. However, it's a routine disclosure without new strategic information.

Positives

• An increase in beneficial ownership by a key insider, Thomas J. Herzfeld, through a distribution, can signal continued confidence in the Fund's value.

Future Outlook

This filing does not contain any forward-looking statements or guidance beyond the details of the past distribution.

Management Comments

• Mr. T. Herzfeld received 313,439 shares of common stock of the Fund in connection with the December 2025 Distribution.

Industry Context

This Form 4/A reports a routine insider transaction for a closed-end fund, detailing the acquisition of shares by a key individual as part of a previously announced distribution. Such filings are standard disclosures for publicly traded investment vehicles.

Related Party Transactions

• Thomas J. Herzfeld, Chairman of the Advisor, received 313,439 shares of common stock from Herzfeld Credit Income Fund, Inc. as part of the December 2025 Distribution. This constitutes a transaction between the Fund and a key individual associated with its advisor.

Stakeholder Impact

• Shareholders received a distribution, which could be in cash or shares, providing a return on their investment.
• Thomas J. Herzfeld, a significant stakeholder and insider, increased his beneficial ownership in the Fund.

Key Dates

Keywords

Herzfeld Credit Income Fund, HERZ, Thomas J. Herzfeld, Insider Transaction, Form 4/A, Beneficial Ownership, Stock Distribution, Closed-End Fund