{"success":true,"data":{"pressRelease":{"id":"146862","rtpr_id":"nGNX8LwqbQ-20260917","ticker":"HERZ","exchange":"NASDAQ","all_tickers":["HERZ"],"title":"Herzfeld Credit Income Fund, Inc. Commences Tender Offer for up to 5% of Outstanding Common Shares","author":"Globe Newswire","published_at":"2026-09-17T20:00:00.140Z","article_body":"MIAMI BEACH, Fla., Sept. 17, 2026 (GLOBE NEWSWIRE) -- Thomas J. Herzfeld\nAdvisors, Inc., an SEC-registered investment advisor, today announced the\ncommencement of a Tender Offer by Herzfeld Credit Income Fund, Inc. (NASDAQ:\nHERZ) (the “Fund”). Under the terms of the Tender Offer the Fund is\noffering to purchase up to 5% of outstanding shares of the Fund at 97.5% of\nNAV.\n\nThe Fund announced the Tender Offer in a press release on September 11, 2026.\n\nThe Fund has offered to purchase up to 5% of the currently outstanding common\nshares of the Fund, par value $0.001 per share (the “Common Shares”) at\n97.5% of the most recently determined Net Asset Value (“NAV”) per Common\nShare (as of the Termination Date) for cash, upon the terms and subject to the\nconditions contained in the Offer to Purchase dated September 17, 2026 and the\nrelated Letter of Transmittal.\n\nShareholders of the Fund should read the Offer to Purchase, the Letter of\nTransmittal and related exhibits, as they will contain important information\nabout the Tender Offer. These and other filed documents will be available to\ninvestors for free both at the website of the Securities and Exchange\nCommission (www.sec.gov) and from the Fund (www.herzfeld.com/HERZ).\n\nRequests for more information, questions and requests for additional copies of\nthe offer materials, please contact EQ Fund Solutions, LLC, the Information\nAgent for the Tender Offer, at (888) 628-1041.\n\nAbout the Fund\n\nHerzfeld Credit Income Fund, Inc. (the “Fund”) is a non-diversified,\nclosed-end management investment company incorporated under the laws of the\nState of Maryland on March 10, 1992, and has registered as an investment\ncompany under the Investment Company Act of 1940 (the “1940 Act”). The\nFund’s investment adviser is Thomas J. Herzfeld Advisors, Inc. (the\n“Adviser”). The Fund’s primary investment objective is maximizing risk\nadjusted total returns with a secondary objective of generating high current\nincome for stockholders. In accordance with the investment objective, the\nFund’s current principal investment strategies and policies focus on\ninvesting in credit related instruments, including equity and junior debt\ntranches of collateralized loan obligations, or “CLOs.”\n\nAbout Thomas J. Herzfeld Advisors, Inc.\n\nThomas J. Herzfeld Advisors, Inc., founded in 1984, is an SEC registered\ninvestment advisor, specializing in investment analysis and account management\nin closed-end funds.\n\nMore information about the advisor can be found at www.herzfeld.com.\n\nPast performance is no guarantee of future performance. An investment in the\nFund is subject to certain risks, including market risk. In general, shares of\nclosed-end funds often trade at a discount from their net asset value and at\nthe time of sale may be trading on the exchange at a price which is more or\nless than the original purchase price or the net asset value. There can be no\nassurance that any Share repurchases will reduce or eliminate the discount of\nthe Fund’s market price to the Fund’s net asset value per share. An\ninvestor should carefully consider the Fund’s investment objective, risks,\ncharges and expenses. Please read the Fund’s disclosure documents before\ninvesting.\n\nForward-Looking Statements\n\nThis press release, and other statements that Thomas J. Herzfeld Advisors,\nInc. (“TJHA”) or the Fund may make, may contain forward looking statements\nwithin the meaning of the Private Securities Litigation Reform Act, with\nrespect to the Fund’s or TJHA’s future financial or business performance,\nstrategies or expectations. Forward-looking statements are typically\nidentified by words or phrases such as “trend,” “potential,”\n“opportunity,” “pipeline,” “believe,” “comfortable,”\n“expect,” “anticipate,” “current,” “intention,”\n“estimate,” “position,” “assume,” “outlook,” “continue,”\n“remain,” “maintain,” “sustain,” “seek,” “achieve,” and\nsimilar expressions, or future or conditional verbs such as “will,”\n“would,” “should,” “could,” “may” or similar expressions. TJHA\nand the Fund caution that forward-looking statements are subject to numerous\nassumptions, risks and uncertainties, which change over time. Forward-looking\nstatements speak only as of the date they are made, and TJHA and the Fund\nassume no duty to and do not undertake to update forward-looking statements.\nActual results could differ materially from those anticipated in\nforward-looking statements and future results could differ materially from\nhistorical performance. With respect to the Fund, the following factors, among\nothers, could cause actual events to differ materially from forward-looking\nstatements or historical performance: (1) shares of the Fund may trade at a\ndiscount from Net Asset Value; (2) risk of investment in CLOs and related\nsecurities generally; (3) dependence on managers of the CLOs in which the Fund\ninvests; (4) the Fund is exposed to risks associated with equity and\nequity-linked securities to the extent that adverse equity market conditions\ncould negatively impact the ability of the borrowers to make payment of\ninterest and/or principal with respect to loans underlying the CLOs in which\nthe Fund invests; (5) as a “non-diversified” investment company, the\nFund’s investments involve greater risks than would be the case for a\nsimilar diversified investment company; (6) the Adviser’s judgment about the\nattractiveness, relative value or potential appreciation of a particular\nsecurity or investment strategy may prove incorrect; and (7) market disruption\nrisks, including certain events that have had a disruptive effect on the\nsecurities markets, generally, such as pandemics, terrorist attacks, war and\nother geopolitical events, hurricanes, droughts, floods and other natural\ndisasters. Annual and Semi-Annual Reports and other regulatory filings of the\nFund with the SEC are accessible on the SEC’s website at www.sec.gov and on\nTJHA’s website at www.herzfeld.com/herz and may discuss these or other\nfactors that affect the Fund. The information contained on TJHA’s website is\nnot a part of this press release.\n\nContact:\nTom Morgan\nChief Compliance Officer\nThomas J. Herzfeld Advisors, Inc.\n1-305-777-1660\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX8LwqbQ-20260917","title":"Herzfeld Credit Income Fund, Inc. Commences Tender Offer for up to 5% of Outstanding Common Shares","author":"Globe Newswire","ticker":"HERZ","created":"2026-09-17T20:00:00.140Z","tickers":["HERZ"],"exchange":"NASDAQ","article_body":"MIAMI BEACH, Fla., Sept. 17, 2026 (GLOBE NEWSWIRE) -- Thomas J. Herzfeld\nAdvisors, Inc., an SEC-registered investment advisor, today announced the\ncommencement of a Tender Offer by Herzfeld Credit Income Fund, Inc. (NASDAQ:\nHERZ) (the “Fund”). Under the terms of the Tender Offer the Fund is\noffering to purchase up to 5% of outstanding shares of the Fund at 97.5% of\nNAV.\n\nThe Fund announced the Tender Offer in a press release on September 11, 2026.\n\nThe Fund has offered to purchase up to 5% of the currently outstanding common\nshares of the Fund, par value $0.001 per share (the “Common Shares”) at\n97.5% of the most recently determined Net Asset Value (“NAV”) per Common\nShare (as of the Termination Date) for cash, upon the terms and subject to the\nconditions contained in the Offer to Purchase dated September 17, 2026 and the\nrelated Letter of Transmittal.\n\nShareholders of the Fund should read the Offer to Purchase, the Letter of\nTransmittal and related exhibits, as they will contain important information\nabout the Tender Offer. These and other filed documents will be available to\ninvestors for free both at the website of the Securities and Exchange\nCommission (www.sec.gov) and from the Fund (www.herzfeld.com/HERZ).\n\nRequests for more information, questions and requests for additional copies of\nthe offer materials, please contact EQ Fund Solutions, LLC, the Information\nAgent for the Tender Offer, at (888) 628-1041.\n\nAbout the Fund\n\nHerzfeld Credit Income Fund, Inc. (the “Fund”) is a non-diversified,\nclosed-end management investment company incorporated under the laws of the\nState of Maryland on March 10, 1992, and has registered as an investment\ncompany under the Investment Company Act of 1940 (the “1940 Act”). The\nFund’s investment adviser is Thomas J. Herzfeld Advisors, Inc. (the\n“Adviser”). The Fund’s primary investment objective is maximizing risk\nadjusted total returns with a secondary objective of generating high current\nincome for stockholders. In accordance with the investment objective, the\nFund’s current principal investment strategies and policies focus on\ninvesting in credit related instruments, including equity and junior debt\ntranches of collateralized loan obligations, or “CLOs.”\n\nAbout Thomas J. Herzfeld Advisors, Inc.\n\nThomas J. Herzfeld Advisors, Inc., founded in 1984, is an SEC registered\ninvestment advisor, specializing in investment analysis and account management\nin closed-end funds.\n\nMore information about the advisor can be found at www.herzfeld.com.\n\nPast performance is no guarantee of future performance. An investment in the\nFund is subject to certain risks, including market risk. In general, shares of\nclosed-end funds often trade at a discount from their net asset value and at\nthe time of sale may be trading on the exchange at a price which is more or\nless than the original purchase price or the net asset value. There can be no\nassurance that any Share repurchases will reduce or eliminate the discount of\nthe Fund’s market price to the Fund’s net asset value per share. An\ninvestor should carefully consider the Fund’s investment objective, risks,\ncharges and expenses. Please read the Fund’s disclosure documents before\ninvesting.\n\nForward-Looking Statements\n\nThis press release, and other statements that Thomas J. Herzfeld Advisors,\nInc. (“TJHA”) or the Fund may make, may contain forward looking statements\nwithin the meaning of the Private Securities Litigation Reform Act, with\nrespect to the Fund’s or TJHA’s future financial or business performance,\nstrategies or expectations. Forward-looking statements are typically\nidentified by words or phrases such as “trend,” “potential,”\n“opportunity,” “pipeline,” “believe,” “comfortable,”\n“expect,” “anticipate,” “current,” “intention,”\n“estimate,” “position,” “assume,” “outlook,” “continue,”\n“remain,” “maintain,” “sustain,” “seek,” “achieve,” and\nsimilar expressions, or future or conditional verbs such as “will,”\n“would,” “should,” “could,” “may” or similar expressions. TJHA\nand the Fund caution that forward-looking statements are subject to numerous\nassumptions, risks and uncertainties, which change over time. Forward-looking\nstatements speak only as of the date they are made, and TJHA and the Fund\nassume no duty to and do not undertake to update forward-looking statements.\nActual results could differ materially from those anticipated in\nforward-looking statements and future results could differ materially from\nhistorical performance. With respect to the Fund, the following factors, among\nothers, could cause actual events to differ materially from forward-looking\nstatements or historical performance: (1) shares of the Fund may trade at a\ndiscount from Net Asset Value; (2) risk of investment in CLOs and related\nsecurities generally; (3) dependence on managers of the CLOs in which the Fund\ninvests; (4) the Fund is exposed to risks associated with equity and\nequity-linked securities to the extent that adverse equity market conditions\ncould negatively impact the ability of the borrowers to make payment of\ninterest and/or principal with respect to loans underlying the CLOs in which\nthe Fund invests; (5) as a “non-diversified” investment company, the\nFund’s investments involve greater risks than would be the case for a\nsimilar diversified investment company; (6) the Adviser’s judgment about the\nattractiveness, relative value or potential appreciation of a particular\nsecurity or investment strategy may prove incorrect; and (7) market disruption\nrisks, including certain events that have had a disruptive effect on the\nsecurities markets, generally, such as pandemics, terrorist attacks, war and\nother geopolitical events, hurricanes, droughts, floods and other natural\ndisasters. Annual and Semi-Annual Reports and other regulatory filings of the\nFund with the SEC are accessible on the SEC’s website at www.sec.gov and on\nTJHA’s website at www.herzfeld.com/herz and may discuss these or other\nfactors that affect the Fund. The information contained on TJHA’s website is\nnot a part of this press release.\n\nContact:\nTom Morgan\nChief Compliance Officer\nThomas J. Herzfeld Advisors, Inc.\n1-305-777-1660\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-09-17T20:00:00.198646937Z","server_sent_at_ms":1789675200198},"received_at":"2026-09-17T20:00:00.252Z","source_url":null},"analysis":{"id":"135696","press_release_id":"146862","analysis_json":{"industry":{"label":"Capital Markets","sector":"Financials"},"redFlags":["tender priced at 97.5% of NAV — participating holders accept a 2.5% haircut to NAV","fund discloses no assurance repurchases will reduce the market-price discount to NAV"],"eventType":"buyback","narrative":"Herzfeld Credit Income Fund (NASDAQ: HERZ) has commenced a tender offer to purchase up to 5% of its outstanding common shares at 97.5% of the most recently determined net asset value per share.\n\nThe offer was first announced on September 11, 2026, and shareholders can review the Offer to Purchase and Letter of Transmittal on the SEC's website or through information agent EQ Fund Solutions, LLC.\n\nHERZ is a non-diversified, Maryland-incorporated closed-end fund managed by Thomas J. Herzfeld Advisors, focused on credit instruments including equity and junior debt tranches of CLOs, with objectives of maximizing risk-adjusted total return and generating high current income.\n\nTendering shareholders gain liquidity at a 2.5% discount to NAV, while the fund cautions there is no assurance the repurchases will reduce its market-price discount to NAV.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Routine CEF liquidity event — holders can exit near NAV at a 2.5% haircut; low signal for broader markets."},"keyFigures":{"customDimensions":{"tender_price_pct_of_nav":"97.5%","tender_size_pct_of_shares_outstanding":"up to 5%"}},"quotedText":"Under the terms of the Tender Offer the Fund is\noffering to purchase up to 5% of outstanding shares of the Fund at 97.5% of\nNAV.","namedEntities":{"people":[{"name":"Tom Morgan","role":"Chief Compliance Officer, Thomas J. Herzfeld Advisors, Inc."}],"products":[],"companies":[{"name":"Herzfeld Credit Income Fund, Inc.","ticker":"HERZ","relationship":"filer"},{"name":"Thomas J. Herzfeld Advisors, Inc.","relationship":"investment adviser of the Fund"},{"name":"EQ Fund Solutions, LLC","relationship":"information agent for the tender offer"}],"dollarAmounts":[{"amount":"$0.001","context":"par value per common share"}]},"materialImpact":{"score":2,"reasoning":"A routine closed-end fund tender offer for up to 5% of outstanding shares at 97.5% of NAV. It provides holder liquidity and modest NAV-per-share support but is a standard, small-scale capital-return action, not a market-moving event."},"tickerRelevance":{"others":[],"primary":"HERZ"},"globalImportance":18,"audienceRelevance":12,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"small-cap closed-end fund","eventGravity":"routine 5% CEF tender offer","issuerAuthored":true,"householdBrandBoost":"none","retailFavoriteBoost":"none — niche CEF audience only"}},"event_type":"buyback","event_type_secondary":null,"sentiment":"bullish","material_impact_score":2,"narrative":"Herzfeld Credit Income Fund (NASDAQ: HERZ) has commenced a tender offer to purchase up to 5% of its outstanding common shares at 97.5% of the most recently determined net asset value per share.\n\nThe offer was first announced on September 11, 2026, and shareholders can review the Offer to Purchase and Letter of Transmittal on the SEC's website or through information agent EQ Fund Solutions, LLC.\n\nHERZ is a non-diversified, Maryland-incorporated closed-end fund managed by Thomas J. Herzfeld Advisors, focused on credit instruments including equity and junior debt tranches of CLOs, with objectives of maximizing risk-adjusted total return and generating high current income.\n\nTendering shareholders gain liquidity at a 2.5% discount to NAV, while the fund cautions there is no assurance the repurchases will reduce its market-price discount to NAV.","key_figures":{"customDimensions":{"tender_price_pct_of_nav":"97.5%","tender_size_pct_of_shares_outstanding":"up to 5%"}},"named_entities":{"people":[{"name":"Tom Morgan","role":"Chief Compliance Officer, Thomas J. Herzfeld Advisors, Inc."}],"products":[],"companies":[{"name":"Herzfeld Credit Income Fund, Inc.","ticker":"HERZ","relationship":"filer"},{"name":"Thomas J. Herzfeld Advisors, Inc.","relationship":"investment adviser of the Fund"},{"name":"EQ Fund Solutions, LLC","relationship":"information agent for the tender offer"}],"dollarAmounts":[{"amount":"$0.001","context":"par value per common share"}]},"model_name":"glm-5.3-flash","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-17T20:00:43.246Z","global_importance":18,"audience_relevance":12,"importance_components":{"tickerTier":"small-cap closed-end fund","eventGravity":"routine 5% CEF tender offer","issuerAuthored":true,"householdBrandBoost":"none","retailFavoriteBoost":"none — niche CEF audience only"}},"durationMs":42988,"modelName":"glm-5.3-flash"}}