Herzfeld Credit Income Fund completes 5% common share buyback at 97.5% NAV.

Thomas J. Herzfeld Advisors and Herzfeld Credit Income Fund announced the final results of their cash tender offer to purchase up to 5% of the Fund's outstanding common shares at 97.5% of the NAV as of October 15, 2025. A total of 11,603,885 shares were properly tendered, with 845,433 shares to be purchased. The pro-ration factor was 7.2858%, and the purchase price of properly tendered shares was $2.5935. After the tender offer, the number of outstanding common shares was 16,063,219.

Thomas J. Herzfeld Advisors, Inc., and Herzfeld Credit Income Fund, Inc. (NASDAQ: HERZ) have announced the final results of their cash tender offer to purchase up to 5% of the Fund's outstanding common shares. The offer was made at 97.5% of the Fund's net asset value (NAV) as of October 15, 2025. The preliminary results indicated that a total of 11,603,885 shares were properly tendered, leading to the purchase of 845,433 shares. The pro-ration factor was 7.2858%, and the purchase price of the properly tendered shares was $2.5935 per share. Following the tender offer, the number of outstanding common shares was reduced to 16,063,219.

The Fund's cash tender offer aimed to provide a limited liquidity option for shareholders and utilize the Fund's cash or liquidity resources to repurchase shares. The oversubscription of the tender offer, with 11,603,885 shares tendered out of the 845,433 shares offered, required the Fund to purchase shares on a pro-rata basis. This pro-rata purchase ensures that most tendering shareholders will not fully exit, and the Fund's assets will decrease by the aggregate purchase amount once final.

The final results were announced on or about October 20, 2025, following the preliminary results disclosed on October 16, 2025. Shareholders are encouraged to monitor the final purchased shares, any adjustments to the NAV or fees, and the post-tender NAV per share to gauge the short-term dilution or capital return effect.

Key risks include the final tender reconciliation and the exact number of shares ultimately repurchased. Investors should carefully consider the Fund's investment objective, risks, charges, and expenses. Past performance is no guarantee of future performance, and an investment in the Fund is subject to market risk, among other factors.

For more information about the Fund and Thomas J. Herzfeld Advisors, Inc., visit [www.herzfeld.com]Herzfeld Credit Income Fund, Inc. Announces Preliminary Tender Offer Results^[1].