Herzfeld Credit Income Fund, Inc. Announces Board Approval of Change in Dividend Reinvestment Policy

Core Viewpoint - Herzfeld Credit Income Fund, Inc. has announced amendments to its Dividend Reinvestment Plan to align with industry standards, allowing for more flexibility in share issuance regardless of market conditions [1][2]. Group 1: Amendments to the Dividend Reinvestment Plan - The amendments to the Plan will take effect 30 days after notice is mailed to shareholders [1]. - The new Plan allows the Fund to issue new shares to participants regardless of whether the common stock is trading at a premium or discount to the Fund's NAV, differing from the previous requirement to purchase shares on the open market when trading below NAV [2]. - The number of shares received upon reinvestment will be calculated by dividing the distribution amount by 95% of the market price per share at the close of regular trading on the exchange, or the average of the closing bid and asked quotations if there is no sale on that date [3]. Group 2: Shareholder Engagement - The Fund encourages shareholders to review the amended Plan to decide on their participation [4]. Group 3: Company Background - Thomas J. Herzfeld Advisors, Inc., founded in 1984, is the SEC registered investment advisor for the Fund, specializing in investment analysis and account management in closed-end funds [5].