Core Viewpoint - Thomas J. Herzfeld Advisors, Inc. and Herzfeld Credit Income Fund, Inc. announced the final results of a cash tender offer to purchase up to 5% of its outstanding common shares at 97.5% of the Fund's net asset value as of October 15, 2025 [1][3]. Summary by Relevant Sections Tender Offer Details - The Fund offered to purchase up to 5% or 845,433 shares of its outstanding common shares [2]. - A total of 11,603,885 shares were properly tendered, with 845,433 shares to be purchased [2]. - The pro-ration factor for the tender offer was calculated at 7.2858%, meaning that only a portion of the shares tendered would be accepted [2][4]. - The purchase price for the shares accepted was set at $2.5935, which is equal to 97.5% of the Fund's NAV per share [2][3]. Company Background - Thomas J. Herzfeld Advisors, Inc. is an SEC-registered investment advisor established in 1984, specializing in investment analysis and account management in closed-end funds [6].
Herzfeld Credit Income Fund, Inc. Announces Final Tender Offer Results
Globenewswireยท2025-10-21 12:00