Herzfeld Credit Income Fund, Inc. Announces Final Tender Offer Results
Key Highlights
- ➤HERZ tendered 1,441,647 shares; 100,886 shares accepted for purchase
- ➤Tender offer pro-ration factor was 6.99895%
- ➤Purchase price was $18.2033 per share, 97.5% of NAV
- ➤Fund had 1,920,989 outstanding common shares after the tender offer
MIAMI BEACH, Fla., Oct. 20, 2026 (GLOBE NEWSWIRE) -- Thomas J. Herzfeld Advisors, Inc., an SEC-registered investment adviser, and Herzfeld Credit Income Fund, Inc. (NASDAQ: HERZ) (the “Fund”) today announced the final results of the Fund’s cash tender offer to purchase up to 5% of its outstanding common shares at 97.5% of the Fund’s most recently determined net asset value (“NAV”) per share as of October 15, 2026, the expiration date of the tender offer (the “Tender Offer”).
Tender Offer Shares Properly Shares to be Pro-Ration Purchase Number of Amount Tendered Purchased Factor* Price of Outstanding Properly Common Shares Tendered after Giving Shares** Effect to Tender Offer Up to 5% or 100,886 shares 1,441,647 100,886 6.99895% $18.2033 1,920,989
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