CORRECTION - Herzfeld Credit Income Fund, Inc. Declares Year-End Distribution in Stock and Cash; Fund Updates

Core Points - Herzfeld Credit Income Fund, Inc. has declared a year-end distribution to stockholders, correcting previous announcements regarding the ex-date and payment date [1][3] - The estimated distribution amount is approximately $11,031,085, characterized as long-term capital gains, with a per-share estimate of $0.6867 [3][4] - The distribution will be made in cash or shares, with 20% of the total distribution limited to cash and 80% in shares, depending on stockholder elections [3][4] Distribution Details - The distribution is aimed at avoiding excise taxes, meeting income distribution requirements under the Internal Revenue Code, and qualifying as a regulated investment company [2] - The ex-date is set for December 31, 2025, and the payment date is December 30, 2025, with a record date of November 21, 2025 [3][5] - Stockholders must return election forms by December 16, 2025, to choose their distribution method; those who do not will receive 100% in stock [5][6] Investment Strategy Transition - The Fund is transitioning its investment strategy, having made initial investments in collateralized loan obligation (CLO) equity, debt, and structured credit [9] - This transition marks a commitment to identifying high-quality strategies in structured credit to generate income for stockholders, with expected income generation beginning in 2026 [9][10] - The Fund plans to implement a new distribution policy starting January 2026, with regular monthly distributions of net investment income [10][11] Net Asset Value Calculation - The Fund will provide monthly calculations of its Net Asset Value (NAV), moving away from daily calculations to reduce costs [12]