Herzfeld Credit Income Fund, Inc. To Conduct a Tender Offer for up to 5% of Outstanding Common Shares
Herzfeld Credit Income Fund (HERZ) announced it will commence a tender offer by October 31, 2026 to repurchase up to 5% of outstanding shares at 97.5% of NAV. The action is part of an ongoing plan to address the fund's trading discount to net asset value, with the tender offer triggered by the fund's average discount exceeding 10% during the fiscal year.