Herzfeld Credit Income Fund to conduct a tender offer for up to 5% of outstanding common shares

* Thomas J. Herzfeld Advisors announced its intention on Monday to commence a tender offer [https://seekingalpha.com/pr/20210791-herzfeld-credit-income-fund-inc-to-conduct-a-tender-offer-for-up-to-5-percent-of-outstanding] by Herzfeld Credit Income Fund (NASDAQ:HERZ [https://seekingalpha.com/symbol/HERZ]) beginning in September 2025, in accordance with the fund’s ongoing plan to address its trading price discount to its net asset value.
* The fund’s board approved a continuation of the plan that was previously announced on May 31, 2019, and subsequently modified and extended to June 30, 2026, by the fund's Board of Directors.
* Under the modified Self-Tender Policy component of the plan, the fund has undertaken to commence a tender offer by October 31, 2025, for up to 5% of the fund's outstanding shares at 97.5% of NAV if the average discount was greater than 10% for the fiscal year just ended.
* Herzfeld Credit Income Fund (NASDAQ:HERZ [https://seekingalpha.com/symbol/HERZ]) shares were up more than 3% in extended trading.

MORE ON HERZFELD CARIBBEAN BASIN FUND

* Herzfeld Credit Income Fund changes dividend reinvestment policy [https://seekingalpha.com/news/4468193-herzfeld-credit-income-fund-changes-dividend-reinvestment-policy]