The Herzfeld Caribbean Basin Fund, Inc. Announces Change of Name and NASDAQ Ticker Symbol

Group 1 - The Herzfeld Caribbean Basin Fund, Inc. has changed its name to "Herzfeld Credit Income Fund, Inc." and will trade under the new ticker symbol "HERZ" effective July 7, 2025 [1] - On June 17, 2025, stockholders approved the Fund's conversion to a "CLO Equity Strategy," focusing on total return and high current income [2] - The new investment strategy will primarily involve investing in equity and junior debt tranches of collateralized loan obligations (CLOs), which consist mainly of below investment grade U.S. senior secured loans [2] Group 2 - Thomas J. Herzfeld Advisors, Inc. is the SEC registered investment advisor for the Fund, specializing in investment analysis and account management in closed-end funds [3]