4/A: Herzfeld Credit Income Fund Director Boosts Stake

Brigitta Suzanne Herzfeld, a director at Herzfeld Credit Income Fund, Inc., increased her beneficial ownership by 24,819 shares through a December 2025 distribution.

Summary

• Brigitta Suzanne Herzfeld, a Director of Herzfeld Credit Income Fund, Inc. (HERZ), reported a change in her beneficial ownership.
• The change resulted from a distribution paid by the Fund on December 30, 2025, which included both cash and shares of common stock.
• The distribution amount was $0.6867 per share for all stockholders.
• Stockholders had the option to receive cash or shares, with the total cash distributed limited to 20% of the total distribution (excluding fractional shares).
• Approximately 80% of the distribution was paid in shares of the Fund's common stock.
• The price per share used for calculating the stock portion of the distribution was $2.5799, based on the volume-weighted average price on December 12, 15, and 16, 2025.
• Ms. Herzfeld received 24,819 shares of common stock as part of this December 2025 Distribution.
• Following this transaction, Ms. Herzfeld beneficially owns 146,985 shares of the Fund's common stock.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive. A director increasing their stake, even through a distribution, generally signals confidence. The distribution itself is a positive event for shareholders, indicating a return on investment. There are no negative aspects reported in this filing.

Positives

• A director increased their beneficial ownership in the company, which can signal confidence in the Fund's future.
• The Fund paid a distribution to its stockholders, providing a return on investment.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the Fund's future performance or strategy.

Management Comments

• "On December 30, 2025, the Fund paid a distribution, in cash and shares of common stock, of $0.6867 per share owned by each stockholder as of the payment date of December 30, 2025."
• "The December 2025 Distribution was paid in cash or shares of the Fund's common stock at the election of stockholders with the total amount of cash distributed to all stockholders limited to 20% of the total distribution to be paid, excluding any cash paid for fractional shares."
• "The remainder of the December 2025 Distribution (approx. 80%) was paid in the form of shares of the Fund's common stock."
• "The price per share used to calculate the number of shares to be issued in lieu of cash was $2.5799, which was determined using the volume weighted average price per share of the Fund on December 12, 15 and 16, 2025."

Industry Context

Insider transaction reports like Form 4/A provide transparency into the holdings and transactions of company insiders. While this specific transaction is a distribution rather than an open-market purchase, an increase in a director's stake can be viewed by investors as a positive signal of alignment with shareholder interests and confidence in the company's value. Distributions are common for income-focused funds like Herzfeld Credit Income Fund.

Stakeholder Impact

• Shareholders: Received a distribution in cash and/or shares, providing a return on their investment and potentially increasing their share count.
• Company (Herzfeld Credit Income Fund, Inc.): Distributed capital and shares, impacting its balance sheet and potentially its outstanding share count.

Key Dates

Keywords

Herzfeld Credit Income Fund, HERZ, Form 4/A, Insider Transaction, Beneficial Ownership, Stock Distribution, Director, Dividend, SEC Filing